Category: European Union

  • MIL-OSI: Municipality Finance issues EUR 15 million notes under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    25 February 2025 at 10:00 am (EET)

    Municipality Finance issues EUR 15 million notes under its MTN programme 

    Municipality Finance Plc issues EUR 15 million notes on 26 February 2025. The maturity date of the notes is 26 February 2036. MuniFin has a right, but no obligation, to redeem the notes early on 26 February 2026. The notes bear interest at a fixed rate of 3.51% per annum until 26 February 2026, after which the interest is paid at 3.25% per annum, unless MuniFin redeems the notes early.

    The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 26 February 2025.

    Barclays Bank Ireland PLC acts as the dealer for the issue of the notes. 

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    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 State 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: https://www.kuntarahoitus.fi/en/

    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.

    The MIL Network

  • MIL-OSI: Nokia, Vodafone and RingCentral to showcase future of voice calls at Mobile World Congress #MWC25

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia, Vodafone and RingCentral to showcase future of voice calls at Mobile World Congress #MWC25

    • Immersive Voice and Audio Services (IVAS): The most significant advancement in voice-call audio technology in decades, will be jointly presented by Nokia, Vodafone and RingCentral highlighting the latest 5G Advanced audio capabilities.
    • The joint demonstration underscores the partners’ intention to bring future IVAS-enabled calling experiences to a broad customer base.

    25 February 2025
    Espoo, Finland – Nokia today announced it is working with Vodafone and RingCentral to showcase Immersive Voice and Audio Services (IVAS) – the future of voice communication, providing users with a natural, three-dimensional sound experience even when calling from a remote location. The joint demonstration on the Vodafone booth at MWC 2025 highlights the companies’ commitment to deliver advanced IVAS-enabled business, industrial and consumer use cases and enhance voice communication.

    IVAS will transform traditional voice services by adding an immersive audio experience that allows people to hear sound spatially in real-time, making conversations and interaction natural, and lifelike. There are significant opportunities for enhanced audio services, from elevating business communications if dialing into a meeting remotely to transforming industrial operations, education, sports and events, as well as mobile voice calls.

    “Showcasing IVAS technology, the future of voice communication, with Vodafone and RingCentral at MWC this year enables us to bring new use cases to life on today’s devices. It highlights our commitment to growing the ecosystem for Immersive Voice and Audio Services while delivering impactful, immersive audio experiences across communications platforms,” said Jyri Huopaniemi, Head of Audio Research, Nokia Technologies.

    “Videoconferencing with multiple people dialing in both remotely or from within the office can be an alienating and unproductive experience. That’s why Vodafone is delighted to be at the forefront of new immersive voice technology with Nokia and RingCentral. The virtual surround sound experience possible with immersive voice can enhance business meetings, improve industrial operations in noisy locations like warehouses and transport hubs, and even improve everyday voice calls,” added Nadia Benabdallah, Network Strategy and Engineering Director, Vodafone.

    “Voice is more than just sound —it conveys intent, tone, and emotion in a way that written messages never can. With IVAS Spatial Audio we’re restoring the power of voice as the most natural way to connect and collaborate and demonstrating how voice can address hybrid work equity, promote inclusivity for visually impaired workers, and unlock the potential of AI-enhanced collaboration,” commented Homayoun Razavi, EVP & General Manager of Global Service Providers at RingCentral.

    Developed through the collaboration of 13 companies, the IVAS standard was included in the 3GPP Release 18, building on the widely used Enhanced Voice Services (EVS) known as HD Voice+.

    One of the key innovations during IVAS standardization was the creation of a new parametric audio format, Metadata-Assisted Spatial Audio (MASA), designed specifically for devices with design constraints and challenging form factors for spatial audio, like smartphones. The IVAS codec integrates a built-in renderer that supports head-tracked binaural audio and multi-loudspeaker playback for immersive formats, including MASA.

    To enable the experiences at Mobile World Congress an immersive voice client software development kit serves as the IVAS front-end, capturing spatial audio from device microphones and converting it into the standardized MASA format. This technology enables true 3D immersive audio experiences for various types of voice calls.

    Experience new IVAS concepts at MWC 2025
    As part of imagining future calling with IVAS the following benefits will be available to experience on the Vodafone and Nokia booths.

    Multi-stream teleconferencing: Showcasing seamless audio for complex, multi-participant meetings, where remote participants can feel left out or struggle to follow discussions. IVAS enabled teleconferencing services bridge this gap by enabling:

    • Spatially distinguishing voices: Each speaker occupying a unique auditory position, making it easy to identify and follow conversations in real time. 
    • Inclusive soundscapes: Giving remote participants the sense of being “in the room” with their colleagues. 
    • Reducing cognitive strain: Natural soundscapes reduce the mental effort needed to process complex discussions, improving engagement and participation. 

    Immersive 1-to-1 calling: Enjoying a truly immersive, spatial audio calling allows for richer, more engaging voice interactions as well as immersion in the callers surrounding area through:

    • Closeness and clarity: 360° audio transforms calling experiences allowing you to step into the world of the caller, creating natural interaction for a truly shared experience.
    • Accurate directional sound: With head-tracking enabled headphones, the audio adjusts to reflect the direction of the sound source, making it easier to distinguish exactly where the sounds are coming from, in real time.

    Enhanced access in industrial environments: IVAS Spatial Audio is adaptable to dynamic environments and facilitates new audio enabled skills including:

    • Enhanced remote servicing or critical operations: Helping detect and isolate abnormal machine sounds in factory environments.
    • Improving communication in high-noise workplaces: enabling clear communications in manufacturing plants and construction sites.

    In short, IVAS addresses the growing demand for both enhanced voice and immersive multimedia services across various communication platforms.

    The new IVAS technology concepts are on show at MWC 2025 from March 3-6 on the Vodafone booth Hall 3 Stand 3E11, on the Nokia booth Hall 3 Stand 3B20, or in RingCentral’s Executive Meeting Room 12Ex, Hall 7E. This showcases future opportunities for new products that leverage both the 5G Advanced IVAS codec and Nokia’s Immersive Voice technology.

    Resources and additional information
    Whitepaper: Nokia Immersive Voice Whitepaper
    Web Page: Nokia Immersive Voice
    Web Page: Voice over 5G (Vo5G) core

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

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

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

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

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    The MIL Network

  • MIL-OSI Security: Fatal collision in Harrow

    Source: United Kingdom London Metropolitan Police

    Detectives are appealing for witnesses and any road users with footage following a fatal collision in Harrow.

    Police were called at 21:19hrs on Monday 24 February to reports of a collision on Bessborough Road, Harrow involving a car, a bus and pedestrians.

    Offices, London Ambulance Service and London’s Air Ambulance all attended. Despite the best efforts of emergency services one of the pedestrians, a woman aged in her 40s, sadly died at the scene.

    The two other pedestrians were taken to hospital for treatment – their conditions are not life threatening.

    The driver of the car stopped at scene and he was arrested on suspicion of causing death by dangerous driving. He remains in custody.

    Road closures were put in place while the scene was dealt with but have since been lifted.

    Officers are appealing for witnesses or anyone with footage of this incident, including drivers with dashcam footage, to contact police on 101 or ‘X’ @MetCC quoting CAD 7193/24FEB25. You can also provide information anonymously to the independent charity Crimestoppers on 0800 555 111.

    MIL Security OSI

  • MIL-OSI: Aktsiaselts Infortar Unaudited Consolidated Interim Report for fourth quarter and 12 months of 2024

    Source: GlobeNewswire (MIL-OSI)

    Aktsiaselts Infortar (Infortar) will organize a webinar for introducing fourth quarter 2024 results today. Please join the webinar via the following links:

    25 February 2025 at 12:00 (EET) Estonian webinar

    25 February 2025 at 14:00 (EET) English webinar

    Estonia’s largest investment holding company, Infortar assets increased from €1.4 billion to €2.7 billion following the acquisition of a majority shareholding in Tallink Group (Tallink) and the purchase of a gas sale- and distribution company in Poland. Infortar’s stock price raised by 70% in its first year on the Tallinn stock exchange, raising the company’s total valuation from €548 million to €916 million.

    “Over the past few years, our investments have amounted to nearly half a billion euros. We have grown into one of Estonia’s largest companies in terms of assets within a year. We will continue seeking growth opportunities across the region,” said Ain Hanschmidt, Chairman of the Management Board of Infortar.

    “Today, changes in corporate competitiveness and energy policy across Estonia, Europe, and the United States recognize an increasing role for natural gas as a supporter of renewable energy and a provider of controllable capacity. The outlook for the maritime transport sector is set to improve,” Hanschmidt added.

    Major events

    Maritime transportation

    In the summer, Infortar invested €110 million in acquiring Tallink shares, increasing its shareholding in Tallink to 68.5%.

    The total number of passengers in 2024 reached 5.6 million. As of the end of the financial year, Tallink operated 14 vessels. Three vessels were chartered out during the year. The number of transported cargo units exceeded 303,000, and passenger vehicles transported totaled 777,000.

    Energy

    Infortar’s subsidiary, Elenger Group (Elenger), signed a €120 million agreement with the German energy conglomerate EWE AG to acquire EWE Group’s business operations in Poland. The transaction included natural gas assets, a distribution network in Western Poland, and all energy sales segments.

    In 2024, Elenger sold a total of 18.4 TWh of energy (15.9 TWh in 2023). Sales in Estonia accounted for 16% of the total energy sales in 2024. The company’s market share in gas sales across the Finland-Baltic gas market for the year was 24.3%.

    Real estate

    Infortar’s real estate portfolio has expanded from 100,000 to 141,000 square meters over the past year. At the end of last year, the Rimi logistics center in Saue received its occupancy permit. This summer, a new bridge in Pärnu will be completed, followed by the opening of Lasnamäe’s second DEPO store in Estonia next year. In early 2028, the Kangru-Saku section of the Rail Baltica main route will also be completed.

    Key figures of financial year

    Key figures Q4 2024 Q4 2023 12 months 2024 12 months 2023
    Sales revenue, m€ 446.168 337.734 1 371.775 1 084.626
    Gross profit, m€ 34.871 42.235 128.629 149.473
    EBITDA, m€ 27.892 37.418 145.415 143.283
    EBITDA margin (%) 6.3% 11.1% 10.6% 13.2%
    Net profit, EBIT, m€ -6.792 28.967 77.025 123.628
    Total profit(-loss), m€ -11.988 24.206 175.351 293.830
    Net profit (-loss) holders of the Parent m€ -11.188 24.232 172.934 293.778
    EPS (euros)* -0.54 1.18 8.46 14.62
    Total equity m€ 1 166.222 820.210 1 166.222 820.210
    Total liabilities m€ 1 223.287 441.160 1 223.287 441.160
    Net debt m€ 1 055.708 354.045 1 055.708 354.045
    Investment loans to EBITDA (ratio) 3.0x 1.7x 3.0x 1.7x

    Earnings per share (EPS) in euros is calculated using the following formula: the profit attributable to the parent company’s owners is divided by the weighted average number of ordinary shares (20,443,629 as of 31.12.2024 and 20,100,000 as of 31.12.2023). The number of shares, 20,443,629, is determined as follows: Infortar has a total of 21,166,239 issued ordinary shares, from which 722 610 own shares are deducted. These own shares were issued under the employee stock option program and have not been exercised.

    Revenue

    2024. financial year, the group´s consolidated sales revenue increased by 287.149 million euros reaching 1 371.775 million euros (compared to 1 084.626 million euros in 2023). A significant impact was made by the consolidation of Tallink Grupp’s results into Infortar’s consolidated financial statements starting from August 1, 2024.

    EBITDA and Segment Reporting

    Maritime transport Segment: The EBITDA for the maritime transport segment in 2024 financial year was 175.181 million euros (compared to 214.528 million euros in the 2023 financial year). In segment reporting 100% Tallink results are presented.

    Tallink´s financial results were affected by difficult economic environment across all our home markets, and the lowest consumer confidence levels in a decade.

    Energy Segment: The EBITDA for the energy segment of the 2024 financial year was 77.235 million euros (compared to 135.999 million euros in 2023). Warmer winter led to a decrease in sales volumes, which in turn impacted profitability in the fourth quarter.

    Real Estate Segment: The profitability assessment considers the EBITDA of individual real estate companies. The EBITDA for the real estate segment of the 2024 financial year was 13.567 million euros (compared to 12.39 million euros in 2023). Three new buildings at Liivalaia 9, Tähesaju 9, and Tähesaju 11 were included in the accounting for the 2023 financial year.

    Net Profit

    The consolidated net profit for the 2024 financial year was 175.351 million euros (compared to 293.83 million euros in 2023 financial year). One-time significant transactions impacting the net profit calculation for the 2023 financial year included the effects related to the acquisition of the Latvian gas distribution network company, Gaso.

    The consolidated operating profit for the 2024 financial year was 77.025 million euros (compared to 123.628 million euros in the 2023 financial year).

    Investments

    Infortar entered the agricultural sector by acquiring one of Estonia’s largest dairy farms in Halinga and began constructing a biogas plant next to the farm for local gas production. Infortar invested 110 million euros in purchasing Tallink shares, increasing its shareholding in Tallink to 68,5%.

    Infortar subsidiary Elenger signed a 120 million euros agreement with the German energy group EWE AG to acquire EWE Group’s entire Polish business. The transaction includes the natural gas distribution network in Western Poland as well as all energy sales operations.

    In the fourth quarter Infortar Group’s total investments amounted to approximately 140 million euros, reaching 279 million euros over twelve months.

    Financing

    Loan and lease liabilities amounted to 1 223.287 million euros in 2024 financial year (compared to 441.16 million euros in 2023 financial year). Significant increase in the 2024 financial year is primarily due to the line-by-line consolidation of Tallink Grupp, which resulted in the full inclusion of Tallink’s liabilities among the group’s obligations. Proportionally to the growth in assets, Infortar’s net debt increased by 701.663 million euros, reaching 1 055.708 million euros (compared to 354,045 million euros in 2023 financial year). The net debt to EBITDA ratio was 3.4.

    Dividends

    According to the dividend policy, the objective is to pay dividends of at least 1 euro per share per finiancial year. Dividend payments are made semi-annually. Infortar Group’s management proposes to pay a dividend of 3 euros per share for the 2024 financial year results. According to the proposal, the first payout is planned to be made no later than July, and the second payout in December 2025. The dividend consists of three parts:

    1 euro per share, as per the dividend policy.

    Carried-over dividend from AS Tallink Grupp, which is rounded upwards.

    Additional dividend based on the high deliveries of the financial results in 2024.

    AS Infortar has a total of 21,166,239 shares, of which 722 610 are company´s own shares. Dividends are therefore paid for 20,443,629 shares, which amounts to approximately 61 million euros.

    Consolidated statement of profit or loss and other comprehensive income

    (in thousands of EUR) Q4 2024 Q4 2023 12 months 2024 12 months 2023
    Revenue 446 168 337 734 1 371 775 1 084 626
    Cost of goods (goods and services) sold -411 237 -295 439 -1 243 033 -934 811
    Write-down of receivables -60 -60 -113 -342
    Gross profit 34 871 42 235 128 629 149 473
    Marketing expenses -12 459 -511 -21 086 -1 620
    General administrative expenses -22 759 -9 522 -50 438 -22 085
    Profit (loss) from biological assets -156 0 -139 0
    Profit (loss) from the change in the fair value of the investment property -6 749 -4 074 -9 640 -4 074
    Unsettled gain/loss on derivative financial instruments 2 098 902 26 672 1 969
    Other operating revenue -767 1 458 4 682 2 523
    Other operating expenses -871 -1 521 -1 655 -2 558
    Operating profit -6 792 28 967 77 025 123 628
             
    (in thousands of EUR) Q4 2024 Q4 2023 12 months 2024 12 months 2023
    Profit (loss) from investments accounted for by equity method 846 1 938 22 974 39 639
    Financial income and expenses        
    Other financial investments 269 54 72 789 -4
    Interest expense -13 808 -8 569 -38 274 -22 573
    Interest income 760 465 4 979 2 765
    Profit (loss) from changes in exchange rates -56 -13 100 -173
    Other financial income and expenses 16 287 -58 15 892 159 158
    Total financial income and expenses 3 452 -8 121 55 486 139 173
    Profit before tax -2 494 22 784 155 485 302 440
    Corporate income tax -9 494 1 422 19 866 -8 610
    Profit for the financial year -11 988 24 206 175 351 293 830
    including:        
    Profit attributable to the owners of the parent company -11 188 24 232 172 934 293 778
    Profit attributable to non-controlling interest -800 -26 2 417 52
             
    Other comprehensive income     12 months 2024 12 months 2023
    Revaluation of risk hedging instruments -46 786 -58 233
    Exchange rate differences attributable to foreign subsidiaries 53 -42
    Total of other comprehensive income -46 733 -58 275
    Total income, including:     128 618 235 555
    including:        
    Comprehensive profit attributable to the owners of the parent company 126 201 235 503
    Comprehensive profit attributable to non-controlling interest 2 417 52
    Ordinary earnings per share (in euros per share) 8,46 14,26
    Diluted earnings per share (in euros per share) 8,16 14,10

    Consolidated statement of financial position

    (in thousands of EUR) 31.12.24 31.12.23
    Current assets    
    Cash and cash equivalents 167 579 87 115
    Short term financial investments 1 0
    Derivative financial assets 8 333 28 728
    Settled derivative receivables 676 5 958
    Other prepayments and receivables 155 351 162 575
    Prepayments for taxes 3 831 925
    Trade and other receivables 38 517 20 185
    Prepayments for inventories 2 498 3 493
    Inventories 215 914 146 884
    Biological assets 941 0
    Total current assets 593 641 455 863
         
    Non-current assets 31.12.24 31.12.23
    Investments to associates 16 603 346 014
    Long-term derivative instruments 3 214 1 125
    Long-term loans and other receivables 35 163 9 072
    Investment property 67 931 176 024
    Property, plant and equipment 1 909 458 446 748
    Intangible assets 38 874 14 366
    Right-of-use assets 47 598 11 300
    Biological assets 2 753 0
    Total non-current assets 2 121 594 1 004 649
    TOTAL ASSETS 2 715 235 1 460 512
         
    (in thousands of EUR) 31.12.24 31.12.23
    Current liabilities    
    Loan liabilities 477 162 184 259
    Rental liabilities 9 020 1 766
    Payables to suppliers 87 941 74 751
    Tax obligations 49 354 32 822
    Buyers’ advances 31 126 3 099
    Settled derivatives 8 728 1 463
    Other current liabilities 63 431 10 851
    Short term derivatives 27 704 3 659
    Total current liabilities 754 446 312 670
         
    Non-current liabilities 31.12.24 31.12.23
    Long-term provisions 9 946 8 399
    Deferred taxes 2 816 33 233
    Other long-term liabilities 43 209 30 679
    Long-term derivatives 1 471 186
    Loan-liabilities 696 670 246 410
    Rental liabilities 40 435 8 725
    Total non-current liabilities 794 547 327 632
    TOTAL LIABILITIES 1 549 013 640 302
         
    (in thousands of EUR) 31.12.24 31.12.23
    Equity    
    Share capital 2 117 2 105
    Own shares -72 -95
    Share premium 32 484 29 344
    Reserve capital 212 205
    Option reserve 6 223 3 864
    Hedging reserve* 7 455 24 118
    Unrealised currency translation differences 1 113 -39
    Employment benefit reserve -44 -44
    Retained earnings 698 914 466 140
    Net profit of the financial year 172 934 293 778
    Total equity attributable to equity holders of the Parent 921 336 819 376
    Minority interests 244 886 834
    Total equity 1 166 222 820 210
         
    TOTAL LIABILITIES AND EQUITY 2 715 235 1 460 512

    Consolidated statement of cash flows

    Cash flows from operating activities    
    (in thousands of EUR) 12 months
    2024
    12 months
    2023
    Profit for the financial year 175 351 293 830
    Adjustments:    
    Depreciation, amortization, and impairment of non-current assets 58 611 15 581
    Change in the fair value of the investment property 9 640 4 074
    Equity profits/losses -156 863 -39 639
    Change in the value of derivatives 20 888 54 309
    Other financial income/expenses -827 -161 965
    Calculated interest expenses 38 274 22 573
    Profit/loss from non-current assets sold -953 -91
    Income from grants recognized as revenue 2 984 784
    Corporate income tax expense -19 866 8 610
    Income tax paid -10 551 -267
    Change in receivables and prepayments related to operating activities 52 022 54 539
    Change in inventories -12 830 -61 915
    Change in payables and prepayments relating to operating activities -22 278 -591
    Change in biological assets -322 0
    Total cash flows from operating activities 133 280 189 832
         
    Cash flows from investing activities 12 months
    2024
    12 months
    2023
    Purchases of associates 0 -10 314
    Purchases of subsidiaries -155 313 -103 414
    Received dividends 20 862 0
    Given loans 1 918 6 652
    Interest gain 4 953 2 691
    Purchases Investment property -5 071 -18 304
    Purchases of property, plant and equipment -38 332 -18 143
    Proceeds from sale of property 1 559 -252
    Total cash flows used in investing activities -169 424 -141 084
         
    Cash flows used in financing activities 12 months
    2024
    12 months
    2023
    Changes in overdraft 12 863 14 349
    Proceeds from borrowings 358 733 130 567
    Repayments of borrowings -151 790 -155 808
    Repayment of finance lease liabilities -6 222 -2 233
    Interest paid -39 153 -22 224
    Dividends paid -60 997 -15 750
    Gain from share emission 3 174 29 464
    Total cash flows used in financing activities 116 608 -21 635
      0 0
    TOTAL NET CASH FLOW 80 464 27 113
    Cash at the beginning of the year 87 115 60 002
    Cash at the end of the period 167 579 87 115
    Net (decrease)/increase in cash 80 464 27 113

    Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,228 people.

    Additional information:

    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    Attachments

    The MIL Network

  • MIL-OSI: Agillic publishes its annual results 2024 in line with preliminary results published on 6 February 2025

    Source: GlobeNewswire (MIL-OSI)

    Announcement no. 03 2025

    Copenhagen – 25 February 2025 – Agillic A/S

    Agillic has today published its annual results 2024 in line with the preliminary results published on 6 February 2025. The guidance for 2025 is also maintained.

    Christian Samsø, CEO, comments on the results: “In 2024, sales were affected by higher uncertainty and limited appetite for tech investments in the market. Client portfolio changes, driven mainly by mergers and acquisitions, where clients were forced onto other platforms as part of new global contracts and commitments, affected Agillic. However, on a positive note, several new clients chose Agillic as their customer engagement platform in 2024. In 2024, we finally closed the year-long tax credit dispute with the Danish Tax Authorities and in Agillic’s favour, positively impacting both the net result and liquidity. 2025 will undoubtedly present it’s challenges too, but with a refocused strategy and a new and committed management team, we feel confident to deliver on our ambitions for growth and profitability.”

    Key financial and SaaS highlights (DKK million)

    INCOME STATEMENT (DKK million) FY 2024 FY 2023 Change Q4 2024 Q4 2023 Change
    Revenue subscriptions 50.0 52.4 -5% 13.0 12.2 7%
    Revenue transactions 10.2 12.0 -15% 2.8 2.9 -3%
    Other revenue 0.0 0.3 -100% 0.0 0.3 -100%
    Total revenue 60.2 64.7 -7% 15.8 15.4 3%
    Gross profit  48.8 52.2 -7% 12.7 12.6 1%
    Gross margin 81% 80% 80% 82%
    Other operating income 0.8 0.6 33% 0.2 0.1 100%
    Employee costs -34.5 -36.8 6% -10.8 -10.8 0%
    Operational costs -14.1 -14.1 0% -2.9 -3.5 17%
    EBITDA 1.0 1.9 -47% -0.8 -1.6 50%
    Net profit -3.3 -27.5 88% -4.5 -22.4 80%
                 
    FINANCIAL POSITION            
    Cash 6.4 9.8 -35% 6.4 9.8 -35%
                 
    ARR DEVELOPMENT (DKK million)            
    ARR subscriptions 54.3 57.8 -6% 54.3 57.8 -6%
    ARR transactions 11.2 12.3 -9% 11.2 12.3 -9%
    Total ARR 65.5 70.1 -7% 65.5 70.1 -7%
    Change in ARR (DKK) -4.6 -6.6 2.4 -6.6
    Change in ARR % -7% -9% 4% -9%
    Reclassification between other operating income, employee costs, and operational costs is updated in 2023 figures.

     
     

    ARR
    At the end of 2024, ARR from subscriptions was DKK 54.3 million compared to DKK 57.8 million as of 2023, a decrease of DKK 3.5 million corresponding to a decrease of 6% with a decline in ARR from transactions from DKK 12.3 million to DKK 11.2 million. At the end of 2024, total ARR was DKK 65.5 million, compared to DKK 70.1 million as of 2023, a decrease of DKK 5.6 million. 

    Income statement
    The revenue from subscriptions decreased by 5% to DKK 50.0 million (2023: DKK 52.4 million) with a total revenue of DKK 60.2 million (2023: DKK 64.7 million). Gross profit was DKK 48.8 million (2023: DKK 52.2 million) with a gross profit margin of 81% (2023: 80%).

    Despite the decrease in gross profit of DKK 3.2 million as well as one-time costs for consultancy fees and severance costs of total DKK 3.1 million, EBITDA ended positive at DKK 1.0 million (2023: DKK 1.9 million).

    Cash
    As of 31 December 2024, cash at bank amounted to DKK 6.4 million compared to DKK 9.8 million as of 31 December 2023. Cash flow from operating activities increased to DKK 12.2 million (2023: DKK -6.5 million) primarily because of a reduction in working capital from trade payables, other payables, and deferred income. Cash flow from investing activities amounted to DKK -10.9 million (2023: DKK -11.7 million) primarily related to investments in developing the Agillic customer engagement platform.

    Financial guidance 2025 (unchanged)

    Revenue DKK 60-63m
    EBITDA DKK 5-8m
    ARR Subscriptions DKK 56-60m

     
      
      
    For further information, please contact:
    Christian Samsø, CEO
    +45 24 88 24 24
    Christian.samsoe@agillic.com

    Claus Boysen, CFO
    +45 28 49 18 46
    claus.boysen@agillic.com

    Certified Adviser
    HC Andersen Capital
    Pernille Friis Andersen

      
    Appendix: Financial development per quarter

    DKK million 2024   2023   2022
    INCOME STATEMENT Q4 Q3 Q2 Q1   Q4 Q3 Q2 Q1   Q4 Q3 Q2 Q1
    Revenue subscriptions 13.0 12.1 12.3 12.6   12.2 13.6 13.5 13.1   13.5 13.1 12.2 11.1
    Revenue transactions 2.8 2.7 2.5 2.2   2.9 3.0 2.9 3.2   6.0 4.8 3.3 2.6
    Other revenue 0.0 0.0 0.0 0.0   0.3 0.0 0.0 0.0   0.0 0.0 0.1 0.3
    Total revenue 15.8 14.8 14.8 14.8   15.4 16.6 16.4 16.3   19.5 17.9 15.6 14.0
    Gross profit  12.7 11.7 12.1 12.3   12.6 13.4 13.2 13.0   15.5 11.4 11.7 11.0
    Gross margin 80% 79% 82% 83%   82% 81% 80% 80%   80% 63% 75% 78%
    Other operating income 0.2 0.2 0.2 0.2   0.1 0.2 0.2 0.1   0.3 0.0 0.0 0.0
    Employee costs -10.8 -7.1 -8.0 -8.6   -10.8 -7.9 -9.4 -8.7   -9.2 -7.3 -8.0 -8.0
    Operational costs -2.9 -3.6 ½ -3.3   -3.5 -3.2 -3.0 -4.4   -5.1 -2.7 -3.7 -4.8
    EBITDA -0.8 1.2 0.0 0.6   -1.6 2.5 1.0 0.0   1.5 1.4 0.0 -1.8
    Net profit -4.5 -2.4 7.0 -3.4   -22.4 -0.4 -1.8 -2.9   -2.0 -1.2 -2.7 -4.7
                                 
    BALANCE SHEET                            
    Cash 6.4 3.7 4.4 7.2   9.8 11.5 18.3 26.9   7.4 1.8 12.6 7.5
    Total assets 44.2 42.8 45.8 51.5   47.2 64.9 69.0 75.8   52.8 54.0 58.7 55.4
    Equity -22.3 -17.8 -16.0 -23.3   -20.2 1.5 1.8 3.4   -15.0 -13.2 -12.0 -9.6
    Borrowings 19.0 19.1 21.4 24.3   23.8 23.0 24.2 25.7   24.3 23.7 26.1 26.4
                                 
    CASH FLOW                            
    Cash flow from operations 5.5 4.1 2.6 0.0   -0.6 -2.8 -4.3 1.2   7.3 -4.9 9.0 -8.3
    Cash flow from investments -2.5 -2.6 -2.7 -3.0   -2.1 -3.1 -3.2 -3.3   -3.3 -3.3 -3.7 -3.2
    Cash flow from financing -0.3 -2.2 -2.7 0.4   1.0 -0.9 -1.1 21.6   1.6 -2.6 -0.2 -1.6
    Net cash flow 2.7 -0.7 -2.8 -2.6   -1.7 -6.8 -8.6 19.5   5.6 -10.8 5.1 -13.1
                                 
    EMPLOYEES & CLIENTS                        
    Employees end of period 42 40 39 41   50 50 50 46   48 47 51 47
    Clients end of period 118 114 113 116   122 120 120 118   118 111 108 105
                                 
    ARR & SAAS METRICS                        
    ARR subscriptions 54.3 52.5 51.7 52.2   57.8 56.8 54.9 54.2   54.1 50.3 49.6 48.5
    ARR transactions 11.2 10.6 10.0 8.9   12.3 12.1 11.5 17.3   22.6 19.6 14.6 10.3
    Total ARR 65.5 63.1 61.7 61.1   70.1 68.9 66.4 71.5   76.7 69.9 64.2 58.8
    Change in ARR (DKK) 2.4 1.4 0.6 -9.0   1.2 2.5 -5.1 -5.2   6.8 5.7 5.4 3.1
    Change in ARR % 4% 2% 1% -13%   2% 4% -7% -7%   10% 9% 9% 6%
    Average ARR 0.6 0.6 0.5 0.5   0.6 0.6 0.6 0.6   0.6 0.6 0.6 0.6
    Yearly CAC 0.5         0.3         0.1      
    Months to recover CAC 12         7         3      

    Definitions

    • Cash is defined as available funds less bank overdraft withdrawals.
    • ARR: the annualised value of subscription agreements and transactions at the end of the actual reporting period.
    • Average ARR: the average Total ARR per client.
    • Customer Acquisition Costs (CAC): the sales and marketing costs (inclusive of salaries, commissions, direct and share of costs of office) divided by the number of new clients. CAC is calculated end of year.
    • Months to recover CAC: the period in months it takes to generate sufficient gross profit from a client to cover the acquisition cost.

    Disclaimer
    The forward-looking statements regarding Agillic’s future financial situation involve factors of uncertainty and risk, which could cause actual developments to deviate from the expectations indicated. Statements regarding the future are subject to risks and uncertainties that may result in considerable deviations from the presented outlook. Furthermore, some of these expectations are based on assumptions regarding future events, which may prove incorrect. Please also refer to the overview of risk factors in the ‘risk management’ section of the annual report.

    About Agillic A/S
    Agillic A/S (Nasdaq First North Growth Market Denmark: AGILC) is a Danish software company offering brands a platform through which they can work with data-driven insights and content to create, automate, and send personalised communication to millions. Agillic is headquartered in Copenhagen, Denmark. For further information, please visit agillic.com.  

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    The MIL Network

  • MIL-OSI NGOs: Greenpeace organisations begin trial defense against Energy Transfer’s SLAPP

    Source: Greenpeace Statement –

    Mandan, North Dakota — Ten years after the world watched the Indigenous-led protests at the Dakota Access Pipeline unfold, representatives from Greenpeace International (GPI) and two Greenpeace entities in the United States arrive at a Morton County courthouse to fight a meritless lawsuit brought by Energy Transfer (ET), today. 

    The trial is currently open to the public in the North Dakota courthouse. Multiple attempts by media and watchdog groups to petition the court for greater transparency and accessibility to the trial proceedings have been denied. The Greenpeace parties’ request for public livestreaming was denied, and a request for expanded media cover by a number of outlets and journalists was also recently denied.

    The US-based fossil fuel pipeline company behind the Dakota Access Pipeline is seeking US$300 million in damages in one of the world’s most brazen examples of a Strategic Lawsuit Against Public Participation (SLAPP). ET’s lawsuit attempts to rewrite the history of the Indigenous-led protest at Standing Rock and could have a chilling impact on free speech in the US and beyond. Since 2017, GPI and Greenpeace organisations in the US have been defending against ET’s lawsuits[1], which ridiculously claim the protests were orchestrated by Greenpeace.

    Deepa Padmanabha, Senior Legal Advisor, Greenpeace USA said: “Beyond the impact that this lawsuit could have on the Greenpeace entities, one of the most worrisome things about the case is that it could establish dangerous new legal precedents that could hold any participant at protests responsible for the actions of others at those protests. And you can imagine that this would have a serious chilling effect on anybody who wants to engage in protest.”

    Kristin Casper, General Counsel, Greenpeace International said: “We are confident Greenpeace International, along with our co-defendants in the US, will ultimately prevail. We will defend Greenpeace International at trial, while also pursuing efforts to recover the costs incurred as a result of ET’s SLAPP suits in the US through legal proceedings in the Netherlands. We are grateful for the support we are receiving from around the world, because when the movement acts together, we win.”

    GPI initiated the first test of the European Union’s anti-SLAPP Directive by filing a lawsuit in Dutch court against ET earlier this month. GPI seeks to recover all damages and costs it has suffered as a result of ET’s back-to-back, meritless lawsuits demanding hundreds of millions of dollars against GPI and the Greenpeace organisations in the US.[2] 

    Energy Transfer’s lawsuits are clear-cut examples of SLAPPs.[3] ET’s lawsuits have been an attempt to bury nonprofits and activists in legal fees, push them towards bankruptcy and ultimately silence dissent. 

    ENDS 

    Notes:

    1. ET’s first lawsuit was filed in federal court under the RICO Act – the Racketeer Influenced and Corrupt Organizations Act, a US federal statute designed to prosecute mob activity. The case was dismissed, with the judge stating the evidence fell “far short” of what was needed to establish a RICO enterprise. The federal court did not decide the defamation or conspiracy claims so ET promptly filed a new case in a North Dakota state court with these and other state law claims 

    2. Greenpeace International files lawsuit against Energy Transfer in first use of EU anti-SLAPP Directive

    3. A report by the Coalition Against SLAPPs in Europe (CASE) documented 1049 SLAPP suits in Europe in the period 2010-2023, with 166 lawsuits initiated in 2023. Big Oil companies Shell, Total, and ENI have also filed SLAPPs against Greenpeace entities in recent years, with attempts at silencing ending in embarrassment for Shell and Total.

    Contacts:

    Greenpeace International Press Desk, +31 (0)20 718 2470 (available 24 hours), [email protected]

    MIL OSI NGO

  • MIL-OSI United Kingdom: Her Majesty The Queen to unveil iconic statue in Canterbury city centre

    Source: City of Canterbury

    Her Majesty The Queen will visit Canterbury in Kent today (Tuesday 25 February) to unveil a statue of the first full-time professional woman writer in the English language, Aphra Behn.

    Her Majesty will then visit The Beaney House of Art and Knowledge and Canterbury Library to help celebrate the city’s passion for heritage and literature.

    The statue has been given to Canterbury City Council, and therefore to the city, by the Canterbury Commemoration Society.

    Its Chair, Stewart Ross, said: “We’re very excited to be able to welcome Her Majesty to our wonderful city in the heart of the garden of England.

    “The A is for Aphra campaign started five years ago when members of the community began asking why one of Canterbury’s most famous literary heroes was not celebrated in the city where she grew up.

    “The campaign group joined forces with the Canterbury Commemoration Society to celebrate Aphra and to raise the statue back in the same streets Aphra knew as a child.

    “Over the course of the campaign, many people from the community have worked tirelessly to raise awareness and funds for a sculpture to be placed in the city.

    “This included an academic conference at the University of Kent, a revival of Behn’s play The Amorous Prince by the Canterbury Players and a public exhibition about Behn at The Beaney House of Art and Knowledge last year.

    “Canterbury City Council’s successful Levelling Up Fund bid was able to support this project and The Beaney House of Art and Knowledge was chosen as a location that highlights the city’s passion for heritage and literature.”

    Aphra (1640–1689) was baptised in Harbledown, just outside Canterbury, and spent her formative years in the city during the English Civil War.

    The creation of the bronze statue by sculptor Christine Charlesworth followed an extensive period of research, consultation and fundraising.

    After an international design competition, four shortlisted maquettes were toured across the UK and the public asked which they thought would be the most fitting memorial.

    The design by Christine Charlesworth won the public vote.

    The winning design presents a 17-year-old Aphra, book in hand and theatrical mask behind her back, looking wistfully about her as she sets out for London with her family.

    After the unveiling, Her Majesty will be treated to a tour around The Beaney, one of Canterbury City Council’s museums, and Canterbury Library which is run by Kent County Council (KCC).

    The city council’s Head of Culture, Leisure and External Development Michelle Moubarak said: “The Beaney is home to the museum collection, art galleries, the city’s visitor information centre, the library and registration services.

    “It underwent an extensive renovation in 2012 to enable more people to enjoy it especially among those who have been underrepresented in the past.

    “Since its transformation, it has attracted 3.5million visitors including almost 50,000 schoolchildren, seen more than 7,000 people take part in health and wellbeing activities and has benefited from 360 volunteers giving up 12,245 hours of their time.”

    KCC’s Head of Libraries, Registration and Archives James Pearson said: “Canterbury Library stands as one of our most popular libraries in the county.

    “It is a cherished cornerstone of the community offering a warm and welcoming environment for people to sit, relax, read and learn.

    “It currently houses 50,215 books and continues to expand including a Home Library Service with dedicated volunteers delivering books to those in need that are unable to access our physical or mobile library network.

    “The service has recently introduced a collection of books in Ukrainian to support those who have temporarily relocated to Canterbury at such a difficult time for Ukraine.

    “There is a dedicated community hub for reading groups, Talk Time sessions and literacy groups.

    “The local studies collection boasts a wealth of materials, ranging from maps to books of local interest.

    “Among these treasures is our oldest book, Somner’s Antiquities of Canterbury, published in 1640.

    “The modern Canterbury Library continues to evolve in step with the ever changing and diverse needs of the community – forever fostering a love for reading, community, connection to others, inclusivity and lifelong learning. It is a place where everyone is truly welcome.”

    The Queen’s visit, which will celebrate the work both councils undertake around health and wellbeing, will include:

    • an Aphra Behn workshop with Year 3 children from St Peter’s Primary School
    • a look around the library with a focus on community engagement, volunteering, its collection of literature from Ukraine, its Book Club and Reading Well group
    • a look around The Beaney’s Curious Stories exhibition and the different ways of experiencing it with the Sensing Culture visually impaired group and their assistance dogs and the Power of the Object group which supports people living with dementia and their carers
    • a performance of an excerpt from the Royal Shakespeare Company’s production of Behn’s play The Rover directed by Loveday Ingram
    • a reading by Pilgrims Way Primary School pupil Ahmad Raza of his poem All About Me which won the five to eight-year-old category in the Canterbury Festival’s Poet of The Year competition
    • a reading by St Anselm’s School pupil Emily Corbett of her poem Counting Stars which won the nine to 11-year-old category in the same competition
    • a reading of a Behn poem by Gyles Brandreth, President of the Aphra Behn Society of Canterbury

    Her Majesty will also be invited to view the first edition of Behn’s novel Oroonoko and meet its donor, Anna Astin, before signing the visitors’ book at the end of the visit.

    Music for the statue unveiling will be provided by the 2nd Whitstable Sea Scout Band, led by Bandmaster Mark Wilkins.

    Published: 25 February 2025

    MIL OSI United Kingdom

  • MIL-OSI: Inbank unaudited financial results for Q4 and 12 months of 2024

    Source: GlobeNewswire (MIL-OSI)

    In 2024, Inbank exhibited strong growth in total net income and net profit, and completed a landmark significant risk transaction (SRT) with the European Investment Bank Group (EIB). 

    • In 2024, total net income reached 75.5 million euros, increasing by 26% year-on-year, driven by expanding margins and growing portfolio volumes across both the Baltics and CEE regions.
    • The consolidated net profit for the year amounted to 12.2 million euros, growing 20% year-on-year and return on equity (ROE) was 9%. These results were impacted by one-off items, including a 2.46 million euro cost from closing Inbank’s credit card business, 1.34 million euros in capitalised growth advisory and capital raising fees, and extraordinary profit of 0.66 million euros from the sale of stake in financial technology start-up Paywerk. Excluding all these one-off items, Inbank’s normalised net profit for the year grew by 51% year-on-year to 15.4 million euros, resulting in a normalised ROE of 11.3%.  
    • The loan and rental portfolio reached 1.15 billion euros increasing 11% year-on-year, while the deposit portfolio grew by 8% to 1.17 billion euros. At the end of 2024, Inbank’s total assets stood at 1.44 billion euros growing 9% year-on-year.
    • In 2024, Inbank reached a record sales volume of 715 million euros and the company’s Gross Merchandise Value (GMV) grew by 4%. 
    • In 2024, Inbank’s car finance portfolio became the largest product segment growing by 43% to 350 million euros. In terms of GMV the merchant solutions remain Inbank’s largest sales engine, delivering 255 million euros of new volume. Buy-now-pay-later (BNPL) nearly tripled its sales year-on-year to 45 million euros, becoming a mainstream product among Baltic online merchants and PSPs.
    • In 2024 Inbank increased the Effective Interest Rate (EIR) on the portfolio from 10.80% in 2023 to 11.28% in 2024. During the year, Inbank’s funding cost slightly decreased to 4.40% compared to 4.46% a year earlier. As a result, total income margin reached 5.37%, a 23 basis point improvement from 2023.
    • Despite high inflation and a higher interest rate burden for customers over the last couple of years, Inbank’s credit quality has remained stable. The impairment losses to the average credit portfolio increased slightly to 1.65%, which is mostly related to changes in the company’s provisioning methodology.
    • By the end of 2024, Inbank had 872,000 active customer contracts and over 6,000 active retail partners. 

    Results for Q4 2024

    • In Q4 2024, total net income reached a record 20.7 million euros increasing by 28% year-on-year. 
    • The net profit for Q4 declined to 1.4 million euros, which is lower 50% year-on-year, impacted by extraordinary expenses due to closure of credit card business and write-off of advisory fees. The quarterly ROE was 3.7%. However, normalized net profit, excluding one-off items, reached 4.4 million euros, demonstrating a 59% year-on-year growth. The quarterly normalized ROE was 11.9%.
    • The GMV for Q4 reached 191 million euros, marking a 14% increase year-on-year. Quarterly sales growth was primarily driven by the car finance segment, which reached 58.1 million euros, marking a 46% year-on-year increase. Rental services, led by full-service car rentals, also showed strong growth, rising 36% to a quarterly GMV of 21.1 million euros. Merchant solutions remained Inbank’s largest sales segment, with a GMV of 64.2 million euros, although declining 10% year-on-year. 
    • As a result of consistent repricing efforts, Inbank’s loan portfolio EIR reached to 11.63%, compared to 10.83% a year ago. Also, as interest rates declined throughout the year, Inbank’s Q4 funding cost decreased to 4.28% from 4.58% a year ago. Over the year, the company’s margins improved by 70 basis points, with net interest margin rising to 5.77% and the total income margin, which includes rental business, reached 5.63%.  
    • In Q4, Inbank’s impairment losses stood at 2.01%, primarily influenced by slight adjustments in impairment loss modeling methodology during Q3 and Q4. Despite these changes, the underlying portfolio quality remains stable, with no significant changes in the distribution of overdue days compared to previous periods. 

    Priit Põldoja, Chairman of the Management Board, comments on the results:

    “Inbank closed 2024 with a record revenue and sales result. Our GMV for the fourth quarter ended on a strong note, reaching an all-time sales record of 191 million euros, marking a 14% increase year-on-year. We also achieved a record quarterly total income of 20.7 million euros, up 28% from the same period last year. 

    For the full year Inbank recorded a net profit of 12.2 million euros in 2024, which is 20% higher than a year earlier. These results include several one-off events which impacted our annual profit significantly. During the year we focused on improving margins and streamlined our product portfolio by exiting credit card business. Without one-off events Inbank profit increased by 51% to 15.4 million euros. 

    In November, Inbank signed a synthetic securitization transaction with the European Investment Bank Group (EIB). The 147 million euro deal was backed by Inbank’s solar panel loans to private individuals in Poland, marking the first transaction of its kind in the Polish market. This initiative provided Inbank with 11 million euros in CET1 capital relief at the time of execution. Combined with the equity rise in August, Inbank has significantly strengthened its capital base to support future growth.

    As a result of the work done during 2024, Inbank business is more focused, our organization is better aligned and our capital base is stronger entering 2025. In anticipation of a more favorable interest rate environment, and growing consumer confidence in our key markets, we remain committed to driving growth and improving our financial performance in coming years.”

    Key financial indicators as of 31.12.2024 and for Q4

    Total assets EUR 1.44 billion 
    Loan and rental portfolio EUR 1.15 billion 
    Deposit portfolio EUR 1.17 billion 
    Total equity EUR 148 million
    Net profit EUR 1.4 million
    Return on equity 3.7%

    Consolidated income statement (in thousands of euros)

      Q4 2024 Q4 2023 12 months 2024 12 months 2023
    Interest income calculated using effective interest method 32,495 27,249 121,441 98,723
    Interest expense -13,662 -12,841 -53,949 -45,331
    Net interest income 18,833 14,408 67,492 53,392
             
    Fee and commission income 51 114 366 473
    Fee and commission expenses -1,053 -1,137 -4,690 -4,199
    Net fee and commission income/expenses -1,002 -1,023 -4,324 -3,726
             
    Rental income 9,004 6,869 32,435 23,905
    Sale of assets previously rented to customers 3,735 3,571 15,849 14,155
    Other operating income -762 220 42 769
    Cost of rental services -5,729 -4,808 -21,107 -15,896
    Cost of assets sold previously rented to customers -3,558 -3,303 -15,243 -12,556
    Net rental income/expenses 2,690 2,549 11,976 10,377
             
    Net gains/losses from financial assets measured at fair value 186 -90 9 -14
    Foreign exchange rate gain/losses -17 341 365 128
    Net gain/losses from financial items 169 251 374 114
             
    Total net interest, fee and other income and expenses 20,690 16,185 75,518 60,157
             
    Personnel expenses -5,260 -4,476 -19,986 -16,628
    Marketing expenses -885 -848 -3,071 -3,266
    Administrative expenses -5,263 -2,960 -14,547 -11,033
    Depreciations, amortization -2,807 -1,406 -8,513 -6,007
    Total operating expenses -14,215 -9,690 -46,117 -36,934
             
    Share of profit from associates 0 -72 663 250
    Impairment losses on loans and receivables -5,197 -3,235 -16,355 -13,203
    Profit before income tax 1,278 3,188 13,709 10,270
             
    Income tax 100 -412 -1,497 -68
    Profit for the period 1,378 2,776 12,212 10,202
             
    Other comprehensive income that may be reclassified subsequently to profit or loss        
    Currency translation differences -16 -403 -288 -415
    Total comprehensive income for the period 1,362 2,373 11,924 9,787

    Consolidated statement of financial position (in thousands of euros)

      12/31/24 12/31/23
    Assets    
    Cash and cash equivalents 153,191 172,921
    Mandatory reserves at central banks 25,156 21,020
    Investments in debt securities 46,724 33,581
    Financial assets measured at fair value through profit or loss 27 79
    Loans and receivables 1,041,542 942,056
    Investments in associates 0 141
    Other financial assets 4,569 5,268
    Tangible fixed assets 98,069 75,206
    Right of use assets 20,551 26,716
    Intangible assets 31,560 30,906
    Other assets 9,718 8,185
    Deferred tax assets 4,707 4,505
    Total assets 1,435,814 1,320,584
         
    Liabilities    
    Customer deposits 1,171,359 1,081,566
    Financial liabilities measured at fair value through profit or loss 503 50
    Other financial liabilities 59,135 60,927
    Current tax liability 62 311
    Deferred tax liability 533 204
    Other liabilities 4,620 3,691
    Subordinated debt securities 52,046 49,745
    Total liabilities 1,288,258 1,196,494
         
    Equity    
    Share capital 1,152 1,086
    Share premium 54,849 43,563
    Statutory reserve 109 103
    Other reserves 1,329 1,543
    Retained earnings 90,117 77,795
    Total equity 147,556 124,090
         
    Total liabilities and equity 1,435,814 1,320,584

    Inbank is a financial technology company with an EU banking license that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with more than 6,000 merchants, Inbank has 872,000+ active contracts and collects deposits across 7 markets in Europe. Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.

    Additional information:
    Styv Solovjov
    AS Inbank
    Head of Investor Relations
    +372 5645 9738
    styv.solovjov@inbank.ee

    Attachment

    The MIL Network

  • MIL-OSI: Dassault Systèmes Announces Centric Software’s Acquisition of AI-Powered PXM Solution, Contentserv

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    VELIZY-VILLACOUBLAY, FranceFebruary 25, 2025

    Dassault Systèmes Announces Centric Software’s Acquisition of AI-Powered PXM Solution, Contentserv

    • Contentserv provides the all-in-one cloud-based platform for PIM, DAM, Content Syndication and Digital Shelf Analytics (DSA)
    • Platform enables FMCG companies to craft and optimize product content to reduce time to market, increase product sell-through and curate personalized consumer experiences

    Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today announced that its subsidiary Centric Software, the Product Lifecycle Management (PLM) market leader, has signed an agreement to acquire Contentserv, a leading provider of product information management (PIM) and product experience management (PXM) solutions for an enterprise value
    of €220 million. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source, price and sell products such as apparel, fashion, home, footwear, sporting goods, consumer electronics, cosmetics, food & beverage and luxury to achieve strategic and operational digital transformation goals.

    Founded in Germany in 2000, Contentserv enables fast-moving consumer goods and other companies to create and manage product content intuitively and effectively by means of AI to optimize consumer experiences across all digital sales channels. With Contentserv solutions, retailers, brands and manufacturers are able to execute strategies such as more or simply better product offers, regions and sales channels for increased product sell-through.

    With over 1600 customers in 90 countries, Contentserv users have reported ROI such as a 30% reduction in time to market, 70% faster catalog creation, 75% more accurate product information and increased sales channel coverage in more languages.

    Fashion and consumer goods brands and retailers continue to pivot around changing consumer trends and constantly evolving stock keeping units (SKUs) while also diversifying sales channels including own-stores, own e-commerce sites, marketplaces and social media. Harnessing and leveraging product information from inception through to commercialization are critical steps that not only reduce time to market, improve market success and also ensure accuracy for compliance labeling. Consumer loyalty is also increased via contextualized and personalized brand experiences.

    “At Contentserv, we don’t just manage product data – we transform it into seamless, high-converting product experiences that drive revenue,” explained Michael Kugler, CEO of Contentserv. “This data flows in from multiple sources and formats and consumers expect accurate, rich and engaging product experiences, anytime, anywhere and across every conceivable channel and touchpoint.   “Manufacturers and retailers strive to continuously refine and optimize product presentation based on insights from consumers, competitors and marketplaces. Contentserv meets these challenges with our AI-powered Product Experience Cloud (PXC), transforming product data into real revenue.”

    “We are thrilled to welcome Contentserv to the Centric Software family. Both companies share a customer-focused, innovation culture,” said Chris Groves, CEO of Centric Software. “By integrating Contentserv into the Centric family of solutions – from PLM to planning to competitive market intelligence, pricing & inventory optimization and visual boards – brands, retailers and manufacturers can seamlessly turn product content into enriched, market-ready experiences that drive engagement and conversion. In today’s competitive market, time-to-market and product experience go hand-in-hand. Together with Contentserv, our joint innovations will ensure that the moment a product is developed, it’s enriched, optimized and ready to convert.”

    The transaction is due to close in the coming weeks subject to regulatory approval and other customary conditions for a transaction of this nature.

    ###

    FOR MORE INFORMATION

    Dassault Systèmes’ 3DEXPERIENCE platform, 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions: http://www.3ds.com

    ABOUT DASSAULT SYSTÈMES

    Dassault Systèmes is a catalyst for human progress.  Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens.  With Dassault Systèmes’ 3DEXPERIENCE platform, 350,000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact.  For more information, visit:  www.3ds.com

    Dassault Systèmes Press Contacts
    Corporate / France        Arnaud MALHERBE        arnaud.malherbe@3ds.com        +33 (0)1 61 62 87 73
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    The MIL Network

  • MIL-Evening Report: The major parties want 9 in 10 GP visits bulk billed by 2030. Here’s why we shouldn’t aim for 100%

    Source: The Conversation (Au and NZ) – By Yuting Zhang, Professor of Health Economics, The University of Melbourne

    Drazen Zigic/Shutterstock

    Unaffordable GP visits has become a pressing issue amid the increasing cost-of-living crisis. About 30% of Australians delayed or didn’t see a GP in 2023–24.

    To solve this problem, Labor has proposed extending bulk billing incentives to all Australians. It hopes to increase bulk billing from 78% to 90% by 2030.

    The Coalition has promised to match Labor’s plan.

    Why not aim for 100%? It might seem a worthy goal to make GP care free for everyone, for every visit. But the evidence suggests there’s benefit to getting those on higher incomes to contribute a small amount to the cost of seeing a GP.

    GP care should be free for these Australians

    We should aim for access to GP care to be affordable and equitable. For some people, this should mean they can access the services for free.

    Appointments for children should be free. Making health checks regular and accessible during childhood is an effective long-term investment which can delay the onset of disease.

    GP visits should also be free for people with low incomes. Free primary care can mean people who would otherwise avoid seeing a GP can have their ongoing conditions managed, undergo preventive health checks, and fill prescriptions.

    When people skip GP visits and can’t afford to fill their prescriptions, their conditions can worsen. This can reduce the person’s quality of life, and require higher-cost emergency department visits and hospital care.

    Appointments in rural and remote areas should also be free. Australians living in rural and remote areas currently pay more to see a GP, have less access to care when they need it, and experience poorer health outcomes and shorter lives than their city counterparts.

    Making GP visits free for rural and remote Australians would help reduce this rural–urban gap.

    Rural Australians find it harder to see a GP when they need one.
    Michael Leslie/Shutterstock

    However, providing free GP care for everyone can cause unnecessary strain on health budgets and make the policy unsustainable in the long run.

    What can happen if you make care free for all?

    In general, when the price is low, or something is free, people use these services more. This includes medical care and medications. Free GP care may encourage more people to see their GP more than is necessary.

    Previous research showed that free care increased the use of health care but does not necessarily improve health outcomes, especially for those who are relatively healthy.

    If people are using GP services when they’re not really needed, this takes limited resources from those who really need them and can increase waiting times.

    Australia is already experiencing a GP shortage. Higher patient volumes could leave existing GPs overwhelmed and overstretched. This can reduce the quality of care.

    Countries that have made primary health care free for all, such as Canada and the United Kingdom, still report issues with access and equity. In Canada, 22% of Canadian adults do not have access to regular primary care. In the United Kingdom, people who live in poor areas struggle to get access to care.

    Make co-payments more affordable

    To balance affordability for patients with the financial viability of primary care, Australians who can afford to contribute to the cost of their GP care should pay a small amount.

    However, the A$60 many of us currently pay to visit a GP is arguably too expensive, as it may prompt some to forego care when they need it.

    A relatively smaller co-payment in the range of around $20 to $30 to visit the GP would help discourage unnecessary visits when resources are limited, but be less likely to turn patients off seeking this care.

    Providing free GP visits for all may not be efficient or sustainable, but making it more affordable and equitable can lead to a more efficient and sustainable care system and doing so is within our reach.




    Read more:
    Should we aim to bulk-bill everyone for GP visits? We asked 5 experts


    Yuting Zhang has received funding from the Australian Research Council (future fellowship project ID FT200100630), Department of Veterans’ Affairs, the Victorian Department of Health, and National Health and Medical Research Council. In the past, Professor Zhang has received funding from several US institutes including the US National Institutes of Health, Commonwealth fund, Agency for Healthcare Research and Quality, and Robert Wood Johnson Foundation. She has not received funding from for-profit industry including the private health insurance industry.

    Karinna Saxby has previously received funding from the Department of Health and Aged Care,

    ref. The major parties want 9 in 10 GP visits bulk billed by 2030. Here’s why we shouldn’t aim for 100% – https://theconversation.com/the-major-parties-want-9-in-10-gp-visits-bulk-billed-by-2030-heres-why-we-shouldnt-aim-for-100-249605

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Asia-Pac: President Lai meets Japanese House of Representatives Member Tamaki Yuichiro

    Source: Republic of China Taiwan

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

    Details
    2025-02-21
    President Lai attends opening of 2025 Halifax Taipei forum
    On the afternoon of February 20, President Lai Ching-te attended the opening of the 2025 Halifax Taipei forum. In remarks, President Lai thanked the Halifax International Security Forum for their strong support for Taiwan, and for having chosen Taiwan as the first location outside North America to hold a forum. Noting that we face a complex global landscape, the president called on the international community to take action. He said that as authoritarianism consolidates, democratic nations must also come closer in solidarity, and called on the international community to create non-red global supply chains, as well as unite to usher in peace. President Lai emphasized that Taiwan will work toward maintaining peace and stability in the Taiwan Strait, and collaborate with democratic partners to form a global alliance for the AI chip industry and together greet a bright, new era. A transcript of President Lai’s remarks follows: To begin, I want to give a warm welcome to all the distinguished guests here at the very first Halifax Taipei forum. The Halifax International Security Forum, held every year in Canada, has been an important gathering for freedom-loving nations worldwide. I would like to thank Halifax and President [Peter] Van Praagh for their strong support for Taiwan. Every year since 2018, Taiwan has been invited to participate in the forum. Last year, former President Tsai Ing-wen was invited to speak, and this year, Halifax has chosen Taiwan as the first location outside North America to hold a forum. As President Van Praagh has said, “While the security challenges ahead are too big for any single country to solve alone, there is no challenge that can’t be met when the world’s democracies work together.” Today, we have world leaders and experts who traveled from afar to be here, showing that they value and support Taiwan. It demonstrates solidarity among democracies and the determination to take on challenges as one. I would like to express my gratitude and admiration to all of you for serving as defenders of freedom. At this very moment, Russia’s invasion of Ukraine is still ongoing. Authoritarian regimes including China, Russia, North Korea, and Iran continue to consolidate. China is hurting economies around the world through its dumping practices. We face grave challenges to global economic order, democracy, freedom, peace, and stability. Taiwan holds a key position on the first island chain, directly facing an authoritarian threat. But we will not be intimidated. We will stand firm and safeguard our national sovereignty, maintain our free and democratic way of life, and uphold peace and stability across the Taiwan Strait. Taiwan cherishes peace, but we also have no delusions about peace. We will uphold the spirit of peace through strength, using concrete actions to build a stronger Taiwan and bolster the free and democratic community. I sincerely thank the international community for continuing to attach importance to the situation in the Taiwan Strait. Recently, US President Donald Trump and Japan’s Prime Minister Ishiba Shigeru issued a joint leaders’ statement expressing their firm support for peace and stability across the Taiwan Strait, and for Taiwan’s participation in international affairs. As we face a complex global landscape, I call on the international community to take the following actions: First, as authoritarianism consolidates, democratic nations must also come closer in solidarity. Just a few days ago, the top diplomats of the US, Japan, and South Korea held talks, underlining the importance of maintaining peace and stability across the Taiwan Strait. They also conveyed their stance against “any effort to destabilize democratic institutions, economic independence, and global security.” On these issues, Taiwan will also continue to contribute its utmost. I recently announced that we will prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP.  Soon after I assumed office last year, I formed the Whole-of-Society Defense Resilience Committee at the Presidential Office. This committee aims to combine the strengths of government and civil society to enhance our resilience in national defense, economic livelihoods, disaster prevention, and democracy. We will also deepen our strategic partnerships in the democratic community to mutually increase defense resilience, demonstrate deterrence, and achieve our goal of peace throughout the world. Second, let’s create non-red global supply chains.  For the democratic community to deter the expansion of authoritarianism, it must have strong technological capabilities. These can serve as the backbone of national defense, promote industrial development, and enhance economic resilience. So, in addressing China’s red supply chain and the impact of its dumping, Taiwan is willing and able to work with global democracies to maintain the technological strengths among our partners and build resilient non-red supply chains. As a major semiconductor manufacturing nation, Taiwan will introduce an initiative on semiconductor supply chain partnerships for global democracies. We will collaborate with our democratic partners to form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. The achievements of today’s semiconductor industry in Taiwan can be attributed to our collective efforts. Government, industry, academia, and research institutions had to overcome various challenges over the last 50 years for us to secure this position.  We hope Taiwan can serve as a base for linking the capabilities of our democratic partners so that each can play a suitable role in the semiconductor industry chain and develop its own strengths, deepening our mutually beneficial cooperation in technology. This benefits all of us. Moreover, it allows us to further enhance deterrence and maintain global security. Third, let’s unite to usher in peace. China has not stopped intimidating Taiwan politically and militarily. Last year, China launched several large-scale military exercises in the Taiwan Strait. Its escalation of gray-zone aggression now poses a grave threat to the peace and stability of the Indo-Pacific region. As a responsible member of the international community, Taiwan will maintain the status quo. We will not seek conflict. Rather, we are willing to engage in dialogue with China, under the principles of parity and dignity, and work toward maintaining peace and stability in the Taiwan Strait. As the agenda of this forum suggests, democracy and freedom create more than just opportunities; they also bring resilience, justice, partnerships, and security. Taiwan will continue working alongside its democratic partners to greet a bright, new era. Once again, a warm welcome to all of you. I wish this forum every success. Thank you. Also in attendance at the event were Mrs. Abe Akie, wife of the late former Prime Minister Abe Shinzo of Japan, and Halifax International Security Forum President Van Praagh.

    Details
    2025-02-21
    President Lai meets British-Taiwanese All-Party Parliamentary Group delegation
    On the morning of February 18, President Lai Ching-te met with a delegation from the British-Taiwanese All-Party Parliamentary Group (APPG). In remarks, President Lai thanked the delegation members, the Parliament of the United Kingdom, and the UK government for continuing to demonstrate support for Taiwan through a variety of means. He also stated that Taiwan-UK relations have advanced significantly in recent years, noting that the Taiwan-UK Enhanced Trade Partnership (ETP) is the first institutionalized economic and trade framework signed between Taiwan and any European country. The president said he looks forward to continuing to deepen Taiwan-UK relations and jointly maintaining regional and global peace and stability, and indicated that together, we can create win-win developments for both Taiwan and the UK and Taiwan and European nations. A translation of President Lai’s remarks follows: This is the first UK parliamentary delegation of the current session to visit Taiwan. On behalf of the people of Taiwan, I extend my sincerest welcome to you all. APPG Chair Sarah Champion visited Taiwan last May to attend the inauguration ceremony of myself and Vice President Bi-khim Hsiao. In July, she also attended the annual summit of the Inter-Parliamentary Alliance on China (IPAC), which was held in Taipei. I am delighted that we are meeting once again. Taiwan-UK relations have advanced significantly in recent years. I would especially like to thank our distinguished guests, as well as the UK Parliament and government, for continuing to demonstrate support for Taiwan through a variety of means. For example, the House of Commons held a debate on Taiwan’s international status last November. After the debate, a motion was unanimously passed affirming that United Nations General Assembly (UNGA) Resolution 2758 does not mention Taiwan. Responding to the motion, Parliamentary Under-Secretary of State Catherine West stated that the UK opposes any attempt to broaden the interpretation of the resolution to rewrite history. This highlighted concrete progress in Taiwan-UK bilateral relations. I would also like to thank the UK Parliament and government for openly opposing on multiple occasions any unilateral change to the status quo across the Taiwan Strait, and for emphasizing that the security of the Indo-Pacific and transatlantic regions is closely intertwined. We look forward to continuing to deepen Taiwan-UK relations and jointly maintaining regional and global peace and stability. Together, we can create win-win developments for both Taiwan and the UK and Taiwan and European nations. For example, the Taiwan-UK ETP is the first institutionalized economic and trade framework signed between Taiwan and any European country. We hope to swiftly conclude negotiations on signing sub-arrangements on investment, digital trade, and energy and net-zero transition. This will facilitate even more exchanges and cooperation between Taiwan and the UK. We also hope that the UK will continue to support Taiwan’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Together, we can build even more resilient global supply chains and further contribute to global prosperity and development. I believe that this visit adds to a strong and solid foundation for future Taiwan-UK cooperation. Thank you once again for backing Taiwan. I wish you a fruitful and successful visit. Chair Champion then delivered remarks, thanking President Lai for his warm welcome and for the hospitality he has shown to her and the delegation, and thanking Taiwan’s excellent team of officials for their care and attention. Chair Champion expressed that she thinks the IPAC conference held in Taiwan at the end of July last year was very significant, with legislators from 23 countries coming to show support for Taiwan, adding that that is something they have built on since the conference. She stated that she is also very proud that the UK Parliament supported the motion which made very clear that UNGA Resolution 2758 is specific to China and only to China, expressing that it was important and powerful that they recognize that. The chair went on to say that after the UK’s general election, more than half of the members of parliament are now new. She said she is very proud that there are new MPs as part of the delegation, and that she hopes it gives President Lai reassurance that their commitment to Taiwan is still there.  Chair Champion emphasized that the all-party group is important because it is indeed all-party, and that they work together for their common interests, stating that the common interest for the UK and for the world is to maintain Taiwan’s sovereignty. She also noted that the United States has now come out very much in support of Taiwan, which she said she hopes encourages other countries around the world to do the same. Chair Champion said that the UK will be going into the 27th trade negotiation with Taiwan, and that they hope the partnership that develops is very fruitful. The chair closed by saying that it is wonderful for the delegation to be meeting President Lai, as well as legislators and ministers, and to be understanding more about the culture of Taiwan so that they can build a deeper, longer-lasting friendship. The delegation also included Lord Purvis of Tweed of the House of Lords and Members of Parliament Ben Spencer, Helena Dollimore, Noah Law, and David Reed. The delegation was accompanied to the Presidential Office by Political and Communications Director at the British Office in Taipei Natasha Harrington.  

    Details
    2025-02-21
    President Lai meets former United States Deputy National Security Advisor Matthew Pottinger
    On the morning of February 17, President Lai Ching-te met with a delegation led by former United States Deputy National Security Advisor Matthew Pottinger. In remarks, President Lai thanked the delegation for demonstrating staunch support for Taiwan through their visit. The president pointed out that increased cooperation between authoritarian regimes is posing risks and challenges to the geopolitical landscape and regional security. He emphasized that only by bolstering our defense capabilities can we demonstrate effective deterrence and maintain peace and stability across the Taiwan Strait and around the world. The president stated that moving forward, Taiwan will continue to enhance its self-defense capabilities. He also expressed hope of strengthening the Taiwan-US partnership and jointly building secure and resilient non-red supply chains so as to ensure that Taiwan, the US, and democratic partners around the world maintain a technological lead. A translation of President Lai’s remarks follows: I am delighted to welcome our good friends Mr. Pottinger and retired US Rear Admiral Mr. Mark Montgomery to Taiwan once again. Last June, Mr. Pottinger and Mr. Ivan Kanapathy came to Taiwan to launch their new book The Boiling Moat. During that visit, they also visited the Presidential Office. We held an extensive exchange of views on Taiwan-US relations and regional affairs right here in the Taiwan Heritage Room. Now, as we meet again eight months later, I am pleased to learn that Mr. Kanapathy is now serving on the White House National Security Council. The Mandarin translation of The Boiling Moat is also due to be released in Taiwan very soon. This book offers insightful observations from US experts regarding US-China-Taiwan relations and valuable advice for the strengthening of Taiwan’s national defense, security, and overall resilience. I am sure that Taiwanese readers will benefit greatly from it. I understand that this is Mr. Montgomery’s fourth visit to Taiwan and that he has long paid close attention to Taiwan-related issues. I look forward to an in-depth discussion with our two friends on the future direction of Taiwan-US relations and cooperation. Increased cooperation between authoritarian regimes is posing risks and challenges to the geopolitical landscape and regional security. One notion we all share is peace through strength. That is, only by bolstering our defense capabilities and fortifying our defenses can we demonstrate effective deterrence and maintain peace and stability across the Taiwan Strait and around the world. Moving forward, Taiwan will continue to enhance its self-defense capabilities. We also hope to strengthen the Taiwan-US partnership in such fields as security, trade and the economy, and energy. In addition, we will advance cooperation in critical and innovative technologies and jointly build secure and resilient non-red supply chains. This will ensure that Taiwan, the US, and democratic partners around the world maintain a technological lead. We believe that closer Taiwan-US exchanges and cooperation not only benefit national security and development but also align with the common economic interests of Taiwan and the US. I want to thank Mr. Pottinger and Mr. Montgomery once again for visiting and for continuing to advance Taiwan-US exchanges, demonstrating staunch support for Taiwan. Let us continue to work together to deepen Taiwan-US relations. I wish you a smooth and fruitful visit.  Mr. Pottinger then delivered remarks, first congratulating President Lai on his one-year election anniversary and on the state of the economy, which, he added, is doing quite well. Mentioning President Lai’s recent statement pledging to increase Taiwan’s defense budget to above 3 percent of GDP, Mr. Pottinger said he thinks that the benchmark is equal to what the US spends on its defense and that it is a good starting point for both countries to build deterrence. Echoing the president’s earlier remarks, Mr. Pottinger said that peace through strength is the right path for the US and for Taiwan right now at a moment when autocratic, aggressive governments are on the march. He then paraphrased the words of former US President George Washington in his first inaugural address, saying that the best way to keep the peace is to be prepared at all times for war, which captures the meaning of peace through strength. In closing, he said he looks forward to exchanging views with President Lai.

    Details
    2025-02-21
    President Lai meets Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini
    On the afternoon of February 11, President Lai Ching-te met with a delegation led by Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini. In remarks, President Lai thanked Eswatini for continuing to support Taiwan’s international participation at international venues. The president stated that Taiwan and Eswatini work closely in such areas as agriculture, the economy and trade, education, and healthcare, and expressed hope that the two countries will continue to support each other on the international stage and strive together for the well-being of both peoples.  A translation of President Lai’s remarks follows: I warmly welcome our distinguished guests to the Presidential Office. Deputy Prime Minister Dladla previously visited Taiwan while serving as minister of foreign affairs. This is her first time leading a delegation here as deputy prime minister. I want to extend my sincerest welcome. Deputy Prime Minister Dladla has earned a high degree of recognition and trust from His Majesty King Mswati III. She was not only Eswatini’s first woman foreign minister, but is also the second woman to have held her current key position. She shows an active interest in people’s welfare, and has a reputation for being deeply devoted to her compatriots. I have great admiration for this. I am truly delighted to meet with Deputy Prime Minister Dladla today. I would like to take this opportunity to once again express my gratitude to His Majesty the King for leading a delegation to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao last year. This demonstrated the close diplomatic ties between our countries. I also want to thank Eswatini for continuing to support Taiwan’s international participation at international venues. I would ask that when Deputy Prime Minister Dladla returns to Eswatini, she conveys Taiwan’s greetings and gratitude to His Majesty the King and Her Majesty the Queen Mother Ntombi Tfwala. Diplomatic ties between Taiwan and Eswatini have endured for over half a century. Our two nations have continued to work closely in such areas as agriculture, the economy and trade, education, and healthcare. Our largest collaboration to date has been assisting Eswatini in the construction of a strategic oil reserve facility. We will continue to push forward with this project, and look forward to achieving even greater results in all areas. I understand that Deputy Prime Minister Dladla is very concerned about issues regarding gender equality and women’s empowerment. During her term as foreign minister, she facilitated bilateral cooperation in those areas. Now, as deputy prime minister, she is actively attending to the disadvantaged and advancing social welfare. These policies are very much in line with the priorities of my administration. I look forward to strengthening cooperation with Deputy Prime Minister Dladla for the benefit of both our societies. Taiwan and Eswatini are peace-loving nations. Faced with a constantly changing international landscape and the growing threat posed by authoritarianism, we hope that our two countries will continue to support each other on the international stage and strive together for the well-being of both our peoples. In closing, I wish Deputy Prime Minister Dladla and our distinguished guests a pleasant and successful visit. Deputy Prime Minister Dladla then delivered remarks, first greeting President Lai on behalf of the King, the Queen Mother, and the people of Eswatini, and extending gratitude for the warm reception afforded to her and her delegation, which underscores the strong bonds of friendship between our two nations. The deputy prime minister stated that, in reflecting on the fruits of our partnership, the evidence of Taiwan’s commitment to Eswatini is all around us. The strategic oil reserve project launching in April, she indicated, will redefine Eswatini’s energy security, and the Central Bank complex and electrification project stand as monuments of Taiwan’s vision for Eswatini’s progress and indicate that our partnerships are very strong. Deputy Prime Minister Dladla pointed out that education is the foundation of any nation’s progress, and that Taiwan’s contribution to Eswatini’s education sector cannot be overstated. Through Ministry of Foreign Affairs scholarship programs, she said, Eswatini has sent numerous students to Taiwan, where they’ve received world-class education in various disciplines, including engineering, business, and medicine. In turn, she said, these graduates are now contributing to the development of Eswatini. The deputy prime minister stated that Taiwan has also strengthened Eswatini’s industrial and technological sectors, with collaborations and partnerships that create new opportunities for employment and innovation, and that Taiwan’s technical and medical assistance has strengthened Eswatini’s healthcare systems and uplifted the expertise of its professionals. Deputy Prime Minister Dladla also congratulated President Lai once again on his presidency, which she stated will lead Taiwan to new heights, adding that His Majesty coming to Taiwan personally for the inauguration was a resounding declaration of Eswatini’s enduring support for Taiwan’s sovereignty, stability, and rightful place on the world stage. She emphasized that Eswatini stands with Taiwan always and unwaveringly. In conclusion, the deputy prime minister stated that Eswatini fully agrees with Taiwan that we must all safeguard our national sovereignty and protect the lives and property of our people. She said that our common enemy will always be poverty and natural disasters, but against all odds, we will stand united, and we shall remain united and be one. The delegation was accompanied to the Presidential Office by Eswatini Ambassador Promise Sithembiso Msibi.

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

    MIL OSI Asia Pacific News

  • MIL-Evening Report: Want a side of CO₂ with that? Better food labels help us choose more climate-friendly foods

    Source: The Conversation (Au and NZ) – By Yi Li, Senior Lecturer in Marketing, Macquarie University

    udra11, Shutterstock

    When you’re deciding what to eat for lunch or dinner, do you consider the meal’s greenhouse gas emissions? How do you compare the carbon footprint of a beef sandwich with that of a falafel wrap?

    Most people can’t tell what’s better for the climate. Even those who care deeply about making sustainable food choices can struggle.

    In Australia, meat products are responsible for almost half (49%) the greenhouse gas emissions of products consumed at home. Switching from these high-emission foods to lower-emission foods, such as plant-based meals, can significantly reduce household emissions. But a lack of knowledge may be stopping people doing the right thing.

    The good news is my colleagues and I have a simple solution. Highlighting the source of the food as animal- or plant-based on carbon labels makes a big difference to consumer choices. In our latest research, we show this new carbon label encourages switching from animal-based to plant-based foods.

    Closing the knowledge gap

    Previous research has shown consumers consistently underestimate the vast difference in greenhouse gas emissions between animal- and plant-based foods. For instance, producing one kilogram of beef emits 60kg of greenhouse gases, whereas producing the same quantity of peas emits just 1kg of greenhouse gases. However, most people think the gap between the two is much smaller.

    This matters because collectively, our food choices have a big impact on climate change. Agriculture generates almost a third of global greenhouse gas emissions, with animal products the biggest contributors.

    Making carbon labels more informative

    A “carbon footprint” refers to the greenhouse gas emissions associated with a product.

    Globally, there is increasing interest in carbon food labelling, given its potential to nudge consumers towards more sustainable food choices. In Australia, such labelling is voluntary and not yet widespread.

    Most carbon labels follow a similar approach. They typically display a number representing greenhouse gas emissions, and a traffic-light system indicating the level of environmental impact from green (low) to red (high). But such labels do not indicate whether the food is animal- or plant-based. So a high carbon score does not help people identify the source of the emissions.

    Our label maps the carbon footprint to the source of the food, whether plant or animal, along with information about the greenhouse gas emissions.
    Romain Cadario, Yi Li, Anne-Kathrin Klesse, (2025) Appetite., CC BY

    We designed a new type of label. It clearly displays whether the food is sourced mainly from animals or plants, along with the standard emissions score and traffic-light colour code. This approach is especially useful for the growing segment of pre-prepared and packaged foods such as soups and other ready-to-eat meals, which often contain a mix of meat and plant-based food.

    Our label creates a mental link between a food source and its carbon impact. When a consumer sees high carbon scores and red traffic lights appearing more frequently on meat and other animal products, they begin to make the connection between those products and higher emissions. This is key to addressing a lack of knowledge around food carbon emissions.

    We tested our label against the existing labels in a series of experiments with 1,817 everyday consumers from Australia, the United States and the Netherlands.

    One experiment involved soup. Compared with the group exposed to the standard carbon label, the group exposed to our label learned to associate animal-based soups with higher greenhouse gas emissions more effectively. They were more accurate at estimating the greenhouse gas emissions of a second batch of soups without labels.

    This improved knowledge also translates to more climate-friendly food choices. In another experiment with Australian consumers, we encouraged participants to choose five meals from ten options. Five were animal-based and five were plant-based.

    Half the participants saw the meal options with our carbon labels, and the other half did not see the carbon labels. The group exposed to our carbon labels chose fewer animal-based options in their weekly meal plan. In this case, we don’t know whether a third group exposed to the standard label would also make more climate-friendly choices, but our earlier experiments suggested our label was more effective.

    In the final experiment conducted in the Netherlands, displaying our carbon label made university students more likely to choose the plant-based snack option rather than the animal-based option.

    Providing information about the source of the food, whether plant or animal, influenced choices of meal plans.
    Romain Cadario, Yi Li, Anne-Kathrin Klesse, (2025) Appetite., CC BY

    When knowledge isn’t enough

    While people who care most about sustainable eating may think they know better than others, we found that is not the case. These people were not better able than other participants to tell the difference in greenhouse gas emissions between animal- and plant-based foods without seeing our carbon label.

    But they were better learners. When confronted with the facts about the differences between animal and plant-based foods on our labels, they were more likely to change their choices and switch to plant-based foods.

    What this means for consumers and businesses

    A simple change to food labels could help consumers make more informed environmental choices. For businesses and policymakers, it shows displaying only carbon numbers isn’t enough – the food source is crucial.

    Some forward-thinking restaurants and food companies are already experimenting with adding carbon labels to the menu to encourage diners to choose climate-friendly dishes. Our research suggests this approach could be more effective when combined with the new carbon labels we designed.

    Meat products make a significant contribution to climate change.
    Valmedia, Shutterstock

    Implications for climate action

    As Australia grapples with meeting its climate commitments, helping consumers understand the environmental impact of their food choices will become increasingly important.

    The challenge for businesses, policymakers and researchers isn’t convincing people to care about sustainability – they already do. Almost half of Australian shoppers (46%) say sustainability is important to them and influences their purchases, despite cost-of-living pressures.

    But most sustainable actions in retail involve recyclable packaging, products and materials, and local produce. The carbon emission implications of these actions, sadly, are far less than reducing animal-based food consumption.

    Instead, we need to focus on giving people the tools to make their environmental concerns count. Our carbon labels could be the key to helping consumers turn their sustainable intentions into meaningful climate action.

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

    ref. Want a side of CO₂ with that? Better food labels help us choose more climate-friendly foods – https://theconversation.com/want-a-side-of-co-with-that-better-food-labels-help-us-choose-more-climate-friendly-foods-250513

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: UNSC calls for swift end to Russia-Ukraine conflict

    Source: China State Council Information Office

    This photo taken on Aug. 15, 2024 shows a Ukrainian tank destroyed during Russian attacks in Toretsk. [Photo/Xinhua]

    The UN Security Council on Monday adopted a U.S.-drafted resolution appealing for a swift end to the conflict and urging a lasting peace between Russia and Ukraine, as the world marked the third anniversary since the full escalation of the crisis.

    The resolution received 10 votes in favor, none against, and five abstentions including France, Britain, Denmark, Greece and Slovenia.

    The document reiterates that the principal purpose of the United Nations, as expressed in the Charter of the United Nations, is to maintain international peace and security and peacefully settle disputes. The resolution implores a swift end to the conflict and mourns the loss of life in the war, without blaming Russia.

    Acting U.S. Ambassador to the UN Dorothy Shea told the council that this resolution is not a “peace deal,” but “a path to peace.”

    “It is high time for peace in Ukraine,” UN Under-Secretary-General for Political and Peacebuilding Affairs Rosemary DiCarlo said during the Security Council meeting, while insisting that peace in Ukraine must be “just, sustainable and comprehensive.”

    Earlier in the day, the UN General Assembly rejected the U.S. draft and passed a resolution submitted by Ukraine and European allies, which backs Ukraine’s sovereignty, independence, unity and territorial integrity and calls for a just, lasting and comprehensive peace in line with the UN Charter.

    Resolutions in the UN Security Council are binding under international law.

    MIL OSI China News

  • MIL-OSI New Zealand: The Most Important Fact Schools Don’t Teach

    Source: ACT Party

    The Haps

    The Chinese navy has made a big mistake. Sending what Defence Minister Judith Collins called a ‘formidable ship’ so close to Sydney, and interrupting Air New Zealand domestic flights, shows the New Zealand public we need to spend more on defence. ACT supporters have been alone in voting for two per cent of GDP on defence, we predict there will now be more.

    We remember the Ukrainians who’ve lost their lives and their homes in the three years since the Russian invasion. Free Press remains resolute. There are basic facts that cannot be changed. Russia is the aggressor. The war is not just or legal. The breach of borders by force is dangerous to free people everywhere. We must never accept might is right, but we must build our strength so the world doesn’t end up that way.

    The Most Important Fact Schools Don’t Teach

    Schools are teaching children all sorts of things, but so far as we are aware they are not teaching the most important fact of human life. The fact they’re not teaching this fact tells us how mindless education has become, and it limits children’s thinking.

    The fact we’re talking about is the astonishing growth of human life expectancy in the last two centuries. For 100,000 years, people lived to thirty on average. Now, the global average is 72 years.

    People have different ideas about what a good life is. But (except for a few terrorists and cults), everyone agrees being alive is better than being dead. Something in the last 200 years gave us a whole extra life.

    If the education system teaches children nothing else, it should teach that something happened in the last 200 years and it doubled life expectancy. Once they know that, they can learn what works.

    We think the answer might be the problem. The education bureaucracy, academics, and teacher unions don’t want to teach that capitalism is a raging success.

    They’d have to teach about the genesis of the free market in the swamps of the Netherlands. People driven to the lowlands by violence decided to make something of themselves. They drained swamps and built dykes, creating usable land that was theirs.

    The result was a society where ordinary people could make a difference in their own lives. They demanded property rights because they’d literally created their own property. If you couldn’t take then you had to trade, and tribalism gave way to the market. It was around this time Abel Tasman discovered New Zealand for Europe.

    William of Orange, a Dutchman who became King of England, helped take the revolution across the sea, where it germinated on an island buffered from invasion. The common law and the market, along with the enlightenment made the industrial revolution possible.

    In turn the British Navy opened up the world’s sea lanes to trade, and spread their system of democracy and capitalism to the new world, ensuring it would endure for centuries even when they themselves came under attack from fascism.

    All the while ordinary people could get enough calories to be healthy, live in cities with sanitation free of disease, and medical care would stop children and their mothers dying in childbirth or shortly after. Violence that was normal for most humans most of the time, and shortened many lives, is now an exceptional event for most people most of the time.

    The revolution spread further after the Cold War, lifting billions from poverty in the East the same way they had thrived in the west. That same prosperity has raised their life expectancy too. Now the whole world lives twice as long on average as it did before the industrial revolution, but your teacher won’t dwell on that basic fact in most of the world’s schools.

    Instead we have an epidemic of anxiety and depression amongst young people. The tremendous gains of the last two centuries are barely understood. Instead the gains are banked and forgotten while children worry about comparatively small problems.

    We spend a lot of time worrying about differences between people living today when, in reality, everyone is doing vastly better than everyone was even a few generations ago. So much division, so little reality, and not enough hope.

    Imagine if the most important thing children learned was that we’ve doubled our lives in 200 years after 100,000 years of misery. That could be springboard for asking what works and building a much more hopeful future. We just need the Left to make peace with capitalism.

    MIL OSI New Zealand News

  • MIL-OSI United Kingdom: expert reaction to observational study of antidepressant prescriptions and cognitive decline in people with dementia

    Source: United Kingdom – Executive Government & Departments

    An observational study published in BMC Medicine looks at antidepressant use and cognitive decline in people with dementia. 

    Prof Tara Spires-Jones, Director of the Centre for Discovery Brain Sciences at the University of Edinburgh, Group Leader in the UK Dementia Research Institute, and President of the British Neuroscience Association said:

    “Mo and colleagues’ study examined data from over 18,000 people with dementia enrolled in a Swedish national registry to look for associations between antidepressant use and dementia symptoms.  They observed faster cognitive decline in people with dementia who were taking selective serotonin reuptake inhibitor (SSRI) type antidepressants. This was a large study that looked at data over time, which is a strong design. However, this type of data cannot prove that it was antidepressant use that caused the faster decline.  People who needed antidepressants may have had more aggressive disease or the depression itself could have been affecting disease progression.  It is also worth noting that the effect was not the same for all types of dementia; people with frontotemporal dementia (FTD) did not have accelerated cognitive decline when taking antidepressants. In people with FTD, antidepressants were associated with slightly slower decline. Previous studies have also reported mixed results, highlighting the need for more research before we have a full understanding of the effects of antidepressant use on dementia progression.”

     

    Dr Richard Oakley, Associate Director for Research and Innovation at Alzheimer’s Society, said:  

    “This study suggested that antidepressants led to faster rates of memory and thinking decline in people with dementia. But it did not rule out the possibility that the changes were due to the presence of depression rather than antidepressant use, so further research is needed to understand the effects of antidepressants. 

    “Alzheimer’s Society wants to see the severity of an individual’s dementia recorded on their primary care records as either mild, moderate or severe. This is especially important as the study shows a decline in memory and thinking skills was stronger in people with more severe dementia who took antidepressants than those who didn’t. 

    “It’s vital that regular reviews are carried out when prescribing antidepressants, but recent research showed that less than half of people with a dementia diagnosis had their medication reviewed in the preceding 12 months.  

    “Alzheimer’s Society is funding research to better understand depression and anxiety in people living with dementia, how to manage it, and how genetics might be involved.” 

     

    Dr Emma L Anderson, Associate Professor of Epidemiology, University College London, said:

    “As the authors themselves acknowledge, there is substantial risk with this study design for confounding by indication, which could explain the results either in part, or entirely. Confounding by indication is where the outcomes we observe are actually due to the underlying reason people take these medications in the first place (e.g. mental health conditions), rather than the medication itself. More robust study designs, which overcome this very important limitation, are needed before such bold conclusions can be made. When based on limited evidence, these claims can be very damaging for public understanding of antidepressants, which we know help millions of people around the world.”

    Dr Prasad Nishtala, Reader, University of Bath, said:

    “This large population-level study from Sweden uses real-world data and is well-conducted. However, there are some important limitations that should be considered. One major issue is that the severity of depression in dementia patients wasn’t fully accounted for, which has the potential to bias the results. Additionally, there may be a “channelling bias,” meaning that certain antidepressants like citalopram and sertraline might have been more commonly prescribed to patients with severe dementia, which could also bias the results.

    “Another key limitation is that the study found only a small change in MMSE (Mini-Mental State Examination) scores, which may not be meaningful in everyday clinical practice. Previous research has shown that older adults taking tricyclic antidepressants can experience faster cognitive decline because these drugs interfere with the activity of acetylcholine—a chemical in our brain critical for maintaining cognition. Even among SSRIs (a common type of antidepressant), some, like paroxetine, are known to have stronger anticholinergic effects that could impact cognition negatively. There is also a problem of “residual confounding”,- meaning there could be other risk factors that can affect cognition, and it is unclear if they have accounted for other anticholinergic drugs like oxybutynin, which many dementia patients take to treat their urinary incontinence. The analyses were done on dispensed data (medication sold by pharmacists), and it is unclear if patients actually took them.

    “This study suggests that SSRIs like citalopram and sertraline might also speed up cognitive decline. However, it doesn’t explain how or why this happens at a biological level. Because of these limitations, the study’s findings should be interpreted with caution and ideally replicated using other real-world data sources.”

    Antidepressant use and cognitive decline in patients with dementia: a national cohort study’ by Minjia Mo et al. was published in BMC Medicine at 01:00 UK time on Tuesday 25th February. 

    DOI: https://doi.org/10.1186/s12916-025-03851-3

    Declared interests

    Prof Tara Spires-Jones: I have no conflicts with this study but have received payments for consulting, scientific talks, or collaborative research over the past 10 years from AbbVie, Sanofi, Merck, Scottish Brain Sciences, Jay Therapeutics, Cognition Therapeutics, Ono, and Eisai. I am also Charity trustee for the British Neuroscience Association and the Guarantors of Brain and serve as scientific advisor to several charities and non-profit institutions.

    Dr Emma L Anderson: I have no declarations or conflicts of interest. 

    Dr Prasad Nishtala: I sit on the editorial board for BMC Medicine.

    MIL OSI United Kingdom

  • MIL-OSI China: ‘Ne Zha 2’ debut in HK, Macao wins hearts

    Source: China State Council Information Office 3

    People pose for photos in front of the poster of the Chinese animated feature “Ne Zha 2” at a cinema in Hong Kong, Feb. 18, 2025. [Photo/Xinhua]

    Chinese animated blockbuster “Ne Zha 2” grossed more than $845,900 upon its debut in the Hong Kong and Macao special administrative regions on Saturday, achieving the highest first-day box office revenue for an animated film in the SARs.

    Over 92,000 people in the two cities showed up on Saturday to watch the movie, which has raked in over 13.7 billion yuan ($1.89 billion) around the world and ranked eighth in terms of global box office revenue. This prompted distributors in the SARs to increase the number of screenings on day one from 500 to more than 800 in 2D and IMAX formats, also a record in the history of Hong Kong’s and Macao’s film industries.

    In Hong Kong and Macao, the film has traditional Chinese and English subtitles. Cinemas operated by the film’s four local distributors — Mandarin Motion Pictures, Intercontinental Film Distributors, Sil-Metropole Organisation and Emperor Motion Pictures — have arranged around 400 screenings for Monday, with tickets of some screenings sold out.

    On Sunday, China Retold, a local key opinion leader alliance dedicated to promoting the latest developments on the Chinese mainland and Hong Kong on social media platforms, organized a free screening of “Ne Zha 2”. Those attending the screening formed a long line outside a cinema in Causeway Bay early in the morning, and during the screening, audience members frequently erupted in laughter during humorous scenes and exclamations of awe at the spectacular special effects.

    After the screening, Sebastian Lee, a student from the United Kingdom studying at Chinese University of Hong Kong, said he had heard about the movie’s box office success, which piqued his curiosity, so he decided to attend the special screening.

    Although he wasn’t previously familiar with the background of Chinese mythology, the film explained these cultural elements in a simple and understandable way, making it easy for non-Chinese audiences to follow, Lee said.

    He also praised the film’s special effects, particularly those in the final battle scene, saying that the unprecedented level of detail and complexity of the animation provided an excellent viewing experience.

    Laurent Daury, a French lawyer who works in Hong Kong, said that although it was his first time to watch a Chinese animated film, the movie exceeded his expectations and gave him a strong sense of Chinese culture.

    He said the film reaffirmed his understanding of traditional Chinese culture, particularly the importance of respect, including respect for work, family and skills.

    Cultural values

    Daury said that the film, compared with Western-made animated films, conveys more traditional cultural values, which he admired. He added that he would definitely recommend the film to those around him and planned to watch it again with his wife and friends.

    Karolina Gruschka, a kindergarten teacher in Hong Kong, said the film’s elements of ancient Chinese mythology help viewers, especially children, better understand traditional Chinese culture.

    She said she was touched by the friendship between the two main characters, Ne Zha and Ao Bing. Despite coming from entirely different backgrounds, their connection endured all challenges, showing that true friendship can overcome any obstacle, regardless of one’s origins, she added.

    Gruschka also said that a unique aspect of the film is its core concept of the struggle between good and evil, conveying an uplifting belief that people can change their destiny through their choices.

    “Ne Zha 2” reimagines the tale of Ne Zha, a rebellious deity from Chinese mythology, intertwining ancient folklore with modern themes of defiance and self-determination.

    The film was released on the mainland on Jan. 29, the first day of the Year of the Snake, and soon became the highest-grossing film in China.

    The film has been released overseas in markets such as the United States, Australia and New Zealand, and will debut in Singapore and Malaysia in March.

    MIL OSI China News

  • MIL-OSI United Kingdom: Shortlist Of Design Teams Announced For National Memorial For Queen Elizabeth II

    Source: United Kingdom – Executive Government & Departments

    Press release

    Shortlist Of Design Teams Announced For National Memorial For Queen Elizabeth II

    The Government is pleased to announce the shortlisted design teams for the national memorial to Queen Elizabeth II.

    The Government is pleased to announce the shortlisted design teams for the national memorial to Queen Elizabeth II.

    The shortlisted design teams include:

    • Foster + Partners with Yinka Shonibare and Michel Desvigne Paysagiste
    • Heatherwick Studio with Halima Cassell, MRG Studio, Webb Yates and Arup
    • J&L Gibbons with Michael Levine RDI, William Matthews Associates, Structure Workshop and Arup
    • Tom Stuart-Smith with Jamie Fobert Architects, Adam Lowe (Factum Arte) and Structure Workshop
    • WilkinsonEyre with Lisa Vandy and Fiona Clark, Andy Sturgeon Design, Atelier One and Hilson Moran

    The finalists were shortlisted following the first stage of a two-stage open competition. Designers were required to submit examples of previous projects relevant to the vision for the memorial set out by the Queen Elizabeth Memorial Committee, alongside details of the unique skills of their multi-disciplinary teams. The competition attracted a wide range of excellent creative talent from across the UK and internationally. The shortlisted teams will be required to submit their design concepts later in the Spring.

    The winning design team will be announced in Summer 2025 after the Selection Panel reviews the five shortlisted teams’ concepts. Design teams have been asked to create a memorial masterplan that celebrates Queen Elizabeth II’s extraordinary life of service and provides a space for pause and reflection. The designs will also be assessed against wider criteria, including value for money, placemaking and visitor experience.

    The team that is ultimately selected following the competition will add, in discussion with the Queen Elizabeth Memorial Committee, an artist or sculptor for the figurative representation of Her Late Majesty, and this appointment will be announced in Summer 2025.

    The site for the new national Queen Elizabeth II Memorial will include the area of St James’s Park adjacent to The Mall at Marlborough Gate, and land surrounding the pathway down to the lake, including the Blue Bridge. The site was chosen because of its proximity to the ceremonial route of The Mall, its historical and constitutional significance and personal connection to Queen Elizabeth.

    The final design will be formally announced in April 2026, to coincide with what would have been Queen Elizabeth’s hundredth birthday year. 

    The Queen Elizabeth Memorial Committee was established by the UK Government and Royal Household in 2023 and comprises eight senior figures from across British public life, selected for their expertise, and chaired by The Late Queen’s former Private Secretary Lord Robin Janvrin. 

    The Committee is also continuing its work to develop proposals for a UK-wide legacy programme to commemorate Queen Elizabeth.

    Updates to this page

    Published 25 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Professor Sir Ian Chapman appointed next CEO of UK Research and Innovation with renewed focus on economic growth

    Source: United Kingdom – Executive Government & Departments

    Press release

    Professor Sir Ian Chapman appointed next CEO of UK Research and Innovation with renewed focus on economic growth

    Sir Ian will lead the team at UKRI in backing thousands of researchers and innovators in developing solutions which improve people’s lives and help grow the economy

    Professor Sir Ian Chapman appointed as new UKRI CEO

    Professor Sir Ian Chapman will become the next CEO of UK Research and Innovation (UKRI), leading a refreshed mission that puts economic growth at the heart of public investment in R&D, helping to fulfil the potential of science and technology in improving lives, Science Minister Lord Vallance has announced today (Tuesday 25 February).

    UKRI is the country’s largest public research funder, with a budget of £9 billion per year, giving it a central role in ensuring public funding is invested in ambitious, pioneering research that will benefit the whole of the UK and provide a clear return on investment for hardworking taxpayers.

    Its work in recent years includes backing the Oxford-AstraZeneca Covid-19 vaccine, which has saved countless lives and the construction of the world’s most advanced wind turbine test facility, helping the UK to become a clean energy superpower. It has also been a major contributor to the £1 billion of UK public investment in AI R&D so far so the UK captures the technology’s opportunities to enhance growth and productivity as the third largest AI market in the world.

    Sir Ian will lead its team in supporting thousands of bright researchers and innovators in developing solutions from life-saving medicines to protecting our environment – ultimately making a visible, positive difference to people’s lives and supporting the missions at the heart of the Government’s Plan for Change.

    His experience will be a major asset in drawing on the UK’s world-leading research talent, facilities, universities and businesses, as drivers of R&D which will kickstart economic growth, make Britain a clean energy superpower and build an NHS fit for the future.

    During his time as CEO of the UK Atomic Energy Authority, Sir Ian has led the transition from an organisation rooted in deep R&D excellence, to one that is now also delivering a major infrastructure project to design and build a prototype powerplant; driving inward investment and economic growth; and enabling development of a skilled workforce and supply chain.

    Science Minister, Lord Vallance, said:

    “Growing the economy is this government’s number one mission and taking full advantage of the innovative ideas, talent and facilities across our country is key to reaching that goal and improving lives across the UK.

    “Sir Ian’s leadership experience, scientific expertise and academic achievements make him an exceptionally strong candidate to lead UKRI in pursuing ambitious, curiosity-driven research, as well as innovations that will unlock new benefits for the UK’s people and drive our Plan for Change.

    “We also thank Dame Ottoline Leyser ahead of her stepping down this summer, recognising her pivotal work in guiding UKRI through challenging times, notably during the Covid pandemic and through the UK’s return to participation in Horizon Europe.”

    Incoming UKRI CEO, Professor Sir Ian Chapman, said:

    “I am excited to be joining an excellent team at UKRI focussed on improving the lives and livelihoods of UK citizens.

    “Research and innovation must be central to the prosperity of our society and our economy, so UKRI can shape the future of the country.

    “I was tremendously fortunate to represent UKAEA, an organisation at the forefront of global research and innovation of fusion energy, and I look forward to building on those experiences to enable the wider UK research and innovation sector.”

    Through our world-class universities and institutes, UKRI develops and nurtures future talent who can maintain the UK’s position as a global hub of research, development and deployment in the long term while collaborating with partners around the world so that scientific and technological advances driven in the UK can benefit lives at home and around the world.

    UKRI plays a key part in driving up UK participation in the world’s largest research programme, Horizon Europe, helping to build a more efficient and joined-up approach to research funding and unleashing the power of UK research and innovation.

    UKRI will also play an increasing role in steering our long-term industrial strategy, removing barriers to growth and building on the UK’s strategic advantage in its fundamental science capability.

    UKRI Chairman, Sir Andrew Mackenzie, said:

    “The board and I are delighted that Ian will become UKRI’s next CEO in the summer. 

    “Research and Innovation are fundamental to UK growth. Ian has the skills, experience, leadership and commitment to unlock this opportunity to improve the lives and livelihoods of everyone. We look forward to working with him on the next phase of UKRI’s development and our stewardship of the UK’s innovation culture and systems.  

    “We thank Ottoline for an outstanding five years as UKRI’s CEO. She has delivered a step-change in operational effectiveness and cross-discipline work through collective and inclusive leadership and secured more social and commercial impacts from our investments.” 

    Climate Minister Kerry McCarthy said: 

    “I’d like to thank Sir Ian for his many years of dedicated service at UK Atomic Energy Agency, the last nine as CEO. In that time, he has transformed the organisation into a world leading hub for fusion energy commercialisation and driven the UK and global strategy for fusion development forward.

    “I am delighted that the UK will continue to benefit from his drive and expertise in his new role. We will shortly begin recruiting a new UKAEA CEO to lead the UK’s world-class fusion programme into the next decade.”

    Notes to editors

    • Established in 2018, UKRI is a non-departmental public body that combines the strengths of nine distinct research and innovation funders:

    • Arts and Humanities Research Council (AHRC)
    • Biotechnology and Biological Sciences Research Council (BBSRC)
    • Engineering and Physical Sciences Research Council (EPSRC)
    • Economic and Social Research Council (ESRC)
    • Innovate UK (IUK)
    • Medical Research Council (MRC)
    • Natural Environment Research Council (NERC)
    • Research England (RE)
    • Science and Technology Facilities Council (STFC)

    • Sir Ian – who currently sits on UKRI’s Board – will take up the post in the summer, bringing strong leadership experience from his role as CEO of the UK Atomic Energy Authority since 2016 and links to academia. He is a Fellow of the Royal Society, the Royal Academy of Engineering, and the Institute of Physics, and a visiting Professor at Durham University.
    • With a background in fusion and firm grasp of the part that ambitious and targeted R&D can play in improving lives, he has published over 100 journal papers and received several awards for his research.
    • His appointment follows an open recruitment process launched in August 2024, after Professor Dame Ottoline Leyser announced her intention to stand down as UKRI’s CEO from June 2025.
    • Having held the post since 2020, Dame Ottoline leaves a strong foundation to build on, from navigating the continued delivery of research through the pandemic to supporting the UK’s return to participation in Horizon Europe – putting UKRI in a strong position to bolster its role as an engine for delivering pioneering research to improve lives and grow our economy.
    • The UKAEA Board has provisionally agreed that Tim Bestwick (UKAEA deputy CEO) will take over as interim CEO of UKAEA after Sir Ian leaves, whilst a permanent replacement is appointed.

    Updates to this page

    Published 25 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: UK businesses lead the way with record numbers of female leaders

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK businesses lead the way with record numbers of female leaders

    FTSE Women Leaders Review and UK Government publish latest report on women in leadership roles at FTSE350 companies.

    • UK leads the world in drive to increase the number of women on boards and in leadership at the top of firms. 

    • More than 60% of FTSE350 companies within striking distance of the 40% target for women’s representation in boardrooms 

    • Supporting women into leadership roles could unlock billions in economic growth and deliver on Plan for Change 

    Top British companies are continuing to lead the way for gender equality in boardrooms with women occupying nearly 43% of roles on company boards according to a new report published today (Tuesday 25 February).  

    The FTSE Women Leaders Review report for 2025, backed by the government and sponsored by sector giants Lloyds Banking Group and KPMG LLP, shows that women now occupy 1,275 or 43% of roles on company boards and 6,743 (35%) of leadership roles at the 350 FTSE companies.  

    This marks a year-on-year increase and means the target of 40% women’s representation by the end of this year continues to be achieved by FTSE350 businesses. The results of this review show the progress being made to break down barriers to opportunity at the highest levels, within some of the most innovative and important companies in the UK.  

    Delivering equal opportunities for women is at the heart of the government’s growth mission as part of the Plan for Change, by ensuring they have fair access to a stable, well-paid jobs which will also help drive up living standards. 

    At a London event this evening, business leaders, ministers and the leaders of the Review will come together to reflect upon and celebrate this progress as well as the contribution it is making to creating a stronger, more dynamic economy.  

    But the government recognises there is still more to do to bring more women into roles such as company Chairs and CEOs and to increase the number of women on boards and in leadership who hold executive roles. The government will work with FTSE companies and other organisations to ensure that everyone has an equal opportunity to achieve their full potential based on their talent.   

    Chancellor of the Exchequer Rachel Reeves said: 

    The UK is leading the charge for gender equality in boardrooms, but we cannot rest on our laurels.  

    We must break down the barriers that stop many women being represented in decision-making roles, so that top talent reaches the highest levels of leadership in businesses driving economic growth across Britain.

    Minister for Investment Baroness Gustafsson OBE said: 

    I know from founding my own business how strong female voices inspire positive change throughout an organisation, bringing new ideas and adding greater value. 

    Today’s report shows that whilst the momentum is with us, we have so much further to go. Working with business leaders and investors, we will do everything we can to unlock more opportunities for women at the highest levels as we go for growth and deliver our Plan for Change.  

    The UK’s approach to gender equality in boardrooms is setting an international precedent for inclusive business, coming second only to France in the G7, with 43.4% representation compared to 45.4%.  

    Whilst France and many other countries employ the use of quotas, the action taken by British companies has been entirely voluntary demonstrating the ability of the private sector to lead the way, alongside government support, but without overburdening regulation. 

    By leading the way and committing to improving gender equality companies are demonstrating the market value of increased representation of women in senior roles and the diversity of thinking that this brings, trickling down into small and medium sized businesses who look to replicate this success. 

    The government’s flagship Employment Rights Bill and Plan to Make Work Pay will further strengthen women’s rights in the workplace and increase protections for women going through the menopause, as well as protections from dismissal whilst pregnant or on maternity leave. 

    Vivienne Artz, CEO of the FTSE Women Leaders Review, said: 

    In an increasingly disruptive world in which companies are faced with a combination of economic, geo-political and technological change British businesses are setting an international standard for balanced and inclusive leadership.  

    With its unique Government-backed and business-led voluntary approach, the UK has spearheaded a world-leading transformation in the highest ranks of industry. Whilst FTSE 350 company boards are now gender-balanced, sustained effort and determination is required to achieve the 40% target for women in leadership by the end of this year.  

    We look forward to working with businesses to deliver on this ambition.

    Penny James and Nimesh Patel, Co-Chairs of the FTSE Women Leaders Review, said: 

    The UK is nothing short of world-leading in driving gender balance at the top of business with business leaders delivering change through voluntary action rather than quotas. Despite many competing priorities companies continue to see equality of opportunity as key to improving productivity and achieving growth.  

    Balance on FTSE 350 boards has been achieved and women’s representation on executive teams is steadily increasing but a step-up in commitment is required to deliver parity in the key leadership roles.  

    Over the coming year we urge UK business to remain focused on sustaining momentum, harnessing all of the available talent and driving towards a business environment that offers opportunity for all. 

    NOTES TO EDITORS:  

    • The FTSE Women Leaders Review (the Review) is sponsored by Lloyds Banking Group and KPMG LLP.  

    Sir Robin Budenberg, Chair of Lloyds Banking Group, said: 

    As proud co-sponsor of the FTSE Women Leaders Review, we applaud the significant progress made over the years in increasing gender balance on both the boards and leadership teams of the UK’s biggest companies.  

    A strong, diverse workforce is fundamental to business success. When leadership reflects the society it serves, companies are better equipped to understand their customers, drive innovation and deliver long-term sustainable growth. And if business does not employ the full breadth of society, it will not benefit from all the talent available.  

    At Lloyds Banking Group we have a gender-balanced board and over 45% representation of women at leadership level but we recognise that progress is neither linear nor inevitable. The responsibility lies with all of us to lead inclusively and to keep gender equality at the top of the agenda. By doing so, we strengthen our businesses and help build a more dynamic, successful economy. 

    Bina Mehta, Chair of KPMG LLP, said: 

    With the final year of the FTSE Women Leaders Review ahead, I’m delighted we have continued to make substantial progress in achieving greater gender balance in senior roles, something that reflects many years of voluntary effort and collective action.  

    It’s particularly encouraging to see the progress made by the UK’s Top 50 Private companies in their first three years of reporting. These companies are keeping pace with the FTSE100 and are currently reporting 35% of Executive Committee roles are held by women.  

    As Chair of KPMG UK, I am proud that our firm continues to grow the number of women in leadership roles, maintaining our position in the ‘Top Ten Best Performers’. As a firm we recognise the importance of creating an environment where everyone can succeed and thrive.  

    With the country’s renewed focused on economic growth, if businesses continue to work together, we can help to deliver long term prosperous and sustainable growth.

    The Review 

    The FTSE Women Leaders Review is the independent, business-led framework supported by the Government, which sets recommendations for Britain’s biggest companies to improve the representation of women on their boards and leadership teams. The scope of the Review covers the FTSE 350 and 50 of the UK’s biggest private companies.  

    Adopting a voluntary approach, the Review captures and publishes progress on 26,000 roles on boards and in leadership two layers below the board, across all sectors of British business on an annual basis.  

    Women on Boards: 2024  

    1. Reported numbers for Women on Boards of FTSE 350, as of 10th January 2025, show: 

    Source – BoardEx: 

    • FTSE 100 is at 44.7%, up from 42.6% in 2023  

    • FTSE 250 is at 42.6%, up from 41.8% in 2023 

    • FTSE 350 is at 43.4.%, up from 42.1% in 2023  

    • 50 largest UK private companies are at 30.5% (30.6% in 2023) 

    1. Almost three quarters of FTSE 350 Boards (73.4%) have met or exceeded the current 40% target with that number now standing at 257 up from 235 in 2023. 

    2. The UK FTSE 350 is in 2nd place when compared internationally to the G7 countries but this is being achieved at a greater scale and through entirely voluntary action as opposed to mandatory quota systems. In the UK 350 companies are in scope compared with 40 in France which has quota legislation in place.  

    3. FTSE 100 companies top the rankings for women on boards compared with international indices including the Euronext 100, IBEX and S&P ASK FTSE 100: 44.7% v Euronext 100: 42.2%, IBEX: 40.9% S&P ASX: 40.2% 

    Women in Leadership: 2024  

    1. Reported numbers for Women in Leadership (defined as the Executive Committee & Direct Reports to the Executive Committee on a combined basis) show:  

    Source – FTSE Women Leaders, Leadership Data Collection Portal as at 31 October 2024: 

    • FTSE 100 is at 36.6% up from 35.2% in 2023 

    • FTSE 250 is at 34.2% up from 33.9% in 2023 

    • FTSE 350 is at 35.3% up from in 34.5% in 2023 

    • 50 largest UK private companies are at 36.8% up from 35.6% in 2023 

    Four Key Roles: 2024  

    1.   Women continue to be appointed to the Chair role with a gain of seven FTSE 350 women Chairs in 2024. As a result, the number of women in the Chair role in the FTSE 350 has increased from to 53 in 2023 to 60 in 2024 (17%).  

    2.   The number of women SIDs has increased to 192 across the FTSE 350 in 2024, up from 162 in 2023. Now over half of FTSE 350 companies (56%) have a woman SID. 

    3.   The percentage of women Finance Directors in the FTSE 350 has increased from 48 in 2023 to 57 in 2024 (22%). 

    4.   FTSE 350 women CEOs have reduced from 20 in 2023 to 19 in 2024. 

    The Recommendations for the Review  

    There are four Recommendations that were announced in February 2022 to fuel further progress in delivering gender balance at the top of British business: 

    • The voluntary target for FTSE 350 Boards and Leadership teams was increased to a minimum of 40% women’s representation by the end of 2025. 

    • Companies should have at least one woman in the Chair, Senior Independent Director role on the board and/or one woman in the Chief Executive Officer or Finance Director role by the end of 2025. 

    • Key stakeholders should continue to set best-practice guidelines or use alternative mechanisms to encourage any FTSE 350 Board that has not yet achieved the previous 33% target for the end of 2020, to do so.  

    • The scope of the Review is extended beyond FTSE 350 companies to include 50 of the UK’s largest private companies.

    Updates to this page

    Published 25 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: £120 million to roll-out more electric vans, taxis and motorbikes

    Source: United Kingdom – Executive Government & Departments

    Press release

    £120 million to roll-out more electric vans, taxis and motorbikes

    We are making it easier, faster and cheaper for people across the UK to switch to electric vehicles.

    • government extends support to help drivers, businesses, fleets and cabbies make the switch to cleaner vehicles
    • red tape blocking businesses from switching to zero emission vans to be cut
    • part of £2.3 billion to help make a supported transition to zero emissions vehicles, creating jobs and delivering the Plan for Change

    Drivers, cabbies and businesses are set to benefit from £120 million in government funding to make the switch to cleaner vans, wheelchair accessible vehicles and taxis easier, faster and cheaper.

    Today (25 February 2025) Future of Roads Minister Lilian Greenwood confirmed that the department is extending the Plug-in van grant for another year, to help van drivers and businesses transition to zero emission vehicles.

    The extension will mean businesses and van drivers can receive grants up to £2,500 when buying small vans up to 2.5 tonnes and up to £5,000 for larger vans up to 4.25 tonnes.

    The Plug-in van grant has helped sell over 80,000 electric and zero emission vans since its launch, as the government continues to back businesses all over the country.

    The department is also making it easier to switch to zero emission vans – which can be heavier than their petrol and diesel counterparts despite being of the same size – by removing the requirement for additional training that is currently in place only for zero emission vans but not their petrol and diesel equivalents.

    This will help businesses by taking away training costs, cutting red tape and making it easier to hire drivers when operating electric vans.

    Today’s funding is part of over £2.3 billion to help industry and consumers make a supported switch to electric vehicles (EVs). This is creating high paid jobs, supporting businesses up and down the country and tapping into a multi-billion pound industry to make the UK a clean energy superpower and deliver the government’s Plan for Change.

    Future of Roads Minister, Lilian Greenwood, said:

    From van drivers and businesses, to drivers with accessibility needs, bikers and cabbies, today we are making it easier, faster and cheaper for people to switch to electric vehicles.

    By making the transition to zero emissions a success, we’re helping to drive growth all over the UK, putting more money in people’s pockets and rebuilding Britain to deliver our Plan for Change.

    The department is also supporting taxi drivers make the switch to electric for another year, by making £4,000 available to buy an iconic zero emission black cab amongst other models, making journeys cleaner and more comfortable for passengers.

    The Plug-in wheelchair accessible vehicle grant cap is also being increased from £35,000 to £50,000, giving consumers a wider choice of vehicle models and removing barriers for disabled passengers, so that they can get around more easily and with greater peace of mind.

    Today is a positive day for bikers as well, who will continue to enjoy a £500 grant from government to buy an electric motorbike for another year.

    Alongside this financial support, the government strengthened incentives to purchase zero emission vehicles in the Autumn Budget 2024 by maintaining generous ZEV incentives in the Company Car Tax regime.

    The transition to electric continues at pace. With over 382,000 electric cars sold in 2024 – up a fifth on the previous year – there’s never been a better time to switch to EVs, with one in 3 used electric cars under £20,000 and 21 brand new electric cars RRP under £30,000.

    Owning an electric car is also becoming increasingly cheaper, with drivers able to save up to £750 a year if they mostly charge at home compared to petrol.

    There are now over 74,000 public chargers in the UK, with a record of nearly 20,000 added last year alone. With 24/7 helplines, contactless payments, and up-to-date chargepoint locations, charging has become easier than ever.

    With £200 million announced in the budget to continue powering the chargepoint rollout and £6 billion of private investment in the pipeline, the UK’s charging network will continue to see tens of thousands of chargers added in the coming years so that EV owners can drive with the confidence that they’re never too far from a socket.

    Last year saw record numbers of people making a supported switch to electric vehicles, with the UK leading Europe in sales, and growth of more than a fifth on the previous year. The government has been engaging closely with car manufacturers on how to support them to deliver the transition to electric vehicles with a consultation recently closing, which sought views from industry on how to deliver the manifesto commitment to restore the 2030 phase out date for new purely petrol and diesel cars.

    The average range of a new electric car is now 236 miles – that’s about 2 weeks of driving for most people – all the while emitting just one-third of the greenhouse emissions of a petrol car during its lifetime.

    Roads media enquiries

    Media enquiries 0300 7777 878

    Switchboard 0300 330 3000

    Updates to this page

    Published 25 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Government announces raft of new policies and major investment to boost profits for farmers

    Source: United Kingdom – Executive Government & Departments

    Press release

    Government announces raft of new policies and major investment to boost profits for farmers

    Environment Secretary to announce reform package to boost farmers’ profitability as part of the Plan for Change

    New reforms to make farming more profitable will be announced today by the Secretary of State for Environment, Food and Rural Affairs Steve Reed.

    Speaking to farmers at the NFU conference in Westminster, Steve Reed will reveal new plans to deliver a profitable farming sector, while reaffirming Government’s cast iron commitment to food production, and unlocking rural growth.

    The speech will announce a raft of new policies to put money into the pockets of British farmers including:

    • Extending the Seasonal Worker visa route for five more years giving farms a pipeline of workers and certainty to grow their businesses. Annual quota reviews will ensure we strike the right balance – supporting farms while gradually reducing visa numbers as we develop alternative solutions.
    • Back British produce: British farmers handed a major boost under new requirements for government catering contracts to favour high-quality, high-welfare products that local farms and producers are well placed to serve. The move marks a major leap in achieving the government’s ambition for at least 50% of food supplied into the £5 billion public sector catering contracts to be from British producers or those certified to higher environmental standards.
    • £110 million investment in technology: The Farming Innovation Programme which supports research and development of agri-technology for farmers, for example the chemical free cleaning for integrated milking equipment, which lowers energy costs and chemical use. The Farming Equipment and Technology Fund provides grants of up to £25,000 to buy new equipment such as electric weeders to reduce chemical use.
    • Protecting farmers in trade deals: The government will uphold and protect our high environmental and animal welfare standards in future trade deals.
    • Strengthening Britain’s biosecurity: Setting up a new National Biosecurity Centre to transform the Animal and Plant Health Agency animal health facility at Weybridge, investing £200 million to improve our resilience against animal disease to protect farmers and food producers.

    Speaking about profitability, Steve Reed, Secretary of State for Environment, Food and Rural Affairs is expected to say:

    The underlying problem is that farmers do not make enough money for the hard work and commitment they put in. 

    I will consider my time as Secretary of State a failure if I do not improve profitability for farmers across the country.

    My focus is on ensuring farming becomes more profitable because that’s how we make your businesses viable for the future. And that’s how we ensure the long-term food security this country needs.

    This builds on the commitments made at the Oxford Farming Conference, where the Environment Secretary set out the government’s vision for farming including:

    • Using planning reforms to support food production: Ensuring our reforms make it quicker for farmers to build the buildings, barns and other infrastructure they need on their farms to boost food production.
    • Diversifying income streams: Helping farmers make additional money from selling surplus energy from solar panels and wind turbines by accelerating connections to the grid, supporting them during difficult harvests and supply shocks. 
    • A fair supply chain: Boosting profitability through fair competition across the supply chain. New rules for the pig sector will come this spring, ensuring contracts clearly set out expectations and changes can only be made if agreed by all parties. Similar regulations for eggs and fresh produce sectors will follow with the government ready to intervene with other sectors if needed.

    Updates to this page

    Published 25 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Emergency homelessness fund boosted to £60 million

    Source: United Kingdom – Government Statements

    News story

    Emergency homelessness fund boosted to £60 million

    An extra £30 million has been confirmed for the Winter Pressures Funding this year.

    • Urgent homelessness funding, previously tripled, has now been increased sixfold for this year to reach more people
    • Extra cash boost will see thousands of struggling people avoid homelessness, with councils stepping in early to help prevent evictions and secure accommodation
    • Builds on the government’s Plan for Change to deliver the biggest increase in tenant protections and affordable housing in decades, ensuring safe and secure housing for all

    Thousands on the brink of homelessness will receive lifechanging support to remain in their homes, thanks to new emergency funding of £30 million for homelessness services announced today. 

    Today’s funding is targeted at 295 areas that are facing the highest risks of homelessness through housing costs and rent arrears. The cash will be specifically given to councils to step in early and keep people in their homes before eviction notices are served, or support people off the streets into accommodation – a lifeline for thousands to regain financial stability, stay in their communities and maintain access to local GPs and support networks. 

    For councils, this emergency funding means fewer people reaching crisis point and ending up on the streets which will free up resources and ease demand on social services, healthcare, and emergency housing teams. 

    Last year alone, 146,360 households turned to their council for help, with many on the brink of eviction through no fault of their own, whether from a sudden job loss, a health emergency, an unexpected bill, or a relationship breakdown.  

    It brings the total Winter Pressures Funding for homelessness and rough sleeping to £60 million this year, with this extra £30 million to bolster resources at councils to act fast when negotiating with landlords, covering emergency rent shortfalls, and making sure people can get on with living their lives in safe and secure housing. This builds on the largest-ever investment in homelessness prevention services of almost £1 billion.

    Minister for Homelessness, Rushanara Ali said:

    “No one should be forced live in constant fear of losing their home and too many people are being pushed to the brink of homelessness as a direct consequence of the system we’ve inherited. 

    “That’s why I’m providing an extra £30 million in emergency support for councils– taking real, immediate action to stop people falling through the cracks, stay in their homes, and help them rebuild their lives. 

    “Our Plan for Change is tackling the worst housing crisis in a generation by delivering the biggest boost in social and affordable housing in a generation, fixing the broken rental market and getting us back on track to end homelessness once and for all.”

    The Deputy Prime Minister has personally directed the Ministry of Housing to prioritise remaining departmental funds towards homelessness support. This comes as her dedicated Inter-Ministerial Group is developing a long-term strategy – with ministers across government – to tackle the root causes of rough sleeping and get the country back on track to ending homelessness for good.

    This comes as the government’s landmark Renters’ Rights Bill remains on track to become law this year that will abolish one of the leading causes of homelessness, Section 21 ‘no fault’ evictions. This is alongside stopping rental bidding wars for tenancies and empowering tenants to challenge unreasonable rent increases, providing much-needed stability for millions of working people and families.

    Today’s emergency cash injection is just one branch of the government’s Plan for Change to raise living standards for working people and families, strengthen rights and protections for tenants, and drive forward the biggest overhaul of the private rented sector in over 30 years.

    The government recently announced a further £20 million to ensure rough sleepers have a safe, warm place to stay with hot meals and specialist care. This is on top of the £10 million announced before Christmas, providing additional resources for emergency accommodation and targeted interventions aimed at getting people off the streets and into stable housing.

    As part of long-overdue reforms to the Right to Buy scheme, councils can now keep all receipts from sales to invest in building and buying more homes. On top of this, councils received an additional £450 million last year to secure and create housing for families at risk of homelessness. 

    Government investment in housing has now increased to £5 billion for this year, including a top-up of £800 million for the existing Affordable Homes Programme, which is supporting efforts to build tens of thousands of affordable and social homes across the country.

    Further information

    Last year, the government launched an emergency £10 million package for rough sleepers, with a further £20 million in January.

    A full breakdown of funding allocations for each council is available here.

    Updates to this page

    Published 25 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Nations: Ongoing Liquidity Crisis Hindering United Nations Ability to Retain Geographically Diverse, Skilled Workforce, Delegates Stress as Fifth Committee Resumes Session

    Source: United Nations General Assembly and Security Council

    Stressing that the Organization’s key asset is its staff, many delegates of the Fifth Committee (Administrative and Budgetary) today emphasized the pressure that the ongoing liquidity crisis is having on efforts to rejuvenate the Organization and attract and retain talent from all parts of the world.

    “The human resources policies and the liquidity situation of the United Nations are inextricably linked,” said Singapore’s representative, speaking for the Association of Southeast Asian Nations (ASEAN) during the opening day of the Committee first resumed session.  “We note with concern from the Secretary-General’s report that temporary hiring restrictions imposed as a result of the dismal liquidity situation of the UN have constrained efforts to fill geographical posts that could have gone to un- and under-represented countries.”

    She emphasized that staff training and development are key to building a United Nations that can respond to contemporary challenges.  “While we are cognizant of the UN’s ongoing liquidity challenges, we hope that their training is not compromised to achieve short-term savings,” she said, adding that training locations should not be limited to UN Headquarters.

    Echoing this sentiment, the representative of the European Union, in its capacity as observer, said the Organization’s financial situation must be carefully considered when discussing the Organization’s most essential resources: its staff.  “We strongly believe in the fundamental importance of a comprehensive and strategic workforce planning system,” she said, adding that planning and selection should be closely aligned with a recruitment process that ensures the Organization attracts and hires the most suitable candidates with the right skill sets.  In addition, the 120-day target for staff selection should be met.  “We repeat our call to rejuvenate the Organization and acquire and retain young talent,” she said, adding that talent outreach and well-structured internship programmes are key priorities that “we take very seriously”.

    Speaking on behalf of the Group of 77 and China, Iraq’s delegate said geographical representation and gender parity remain a core concern for the Group, which expects the Secretariat to intensify its efforts to achieve equal representation at all staff levels, with a focus on senior level staff at D-1 and above posts, as well as significant contributions from troop-contributing countries and police-contributing countries.  He noted that the Secretary-General’s staff composition report showed that staff declined by 34 to 36,757 during the reporting period ending on December 2023, due in part to temporary hiring restrictions placed against the regular budget in July 2023. 

    Keen to review the Secretariat’s efforts to improve the Organizaton’s rejuvenation, including through the Young Professionals Programme, the Group notes that during the 2022-2023 biennium, 175,781 applications applied for 2,765 jobs in the internship programme.  “With an average of 63 applicants competing for one vacancy, the Group looks forward to having more information on how the refined internship programme, including the financial support from the UN, will help more applicants from all developing countries be successfully selected as interns,” he added.

    Kuwait’s delegate, speaking on behalf of the Gulf Cooperation Council, agreed that the Organizaton’s staff are its greatest asset and noted that data from Secretariat reports indicate that personnel from the Gulf Cooperation Council countries remain underrepresented.  “Recruiting must be completed to ensure a balance,” he said. Recognizing the unprecedented loss of staff working with the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), he called for the protection of staff and all relief workers.

    The President of the UN Field Staff Union said the Organizaton’s severe liquidity and funding shortfall has created a crisis that threatens the foundation of the staff’s work.  “UN staff — who are the backbone of this institution — are being forced to bear the brunt of these financial constraints.  Workloads are increasing beyond sustainable levels,” he said, urging Member States to meet their financial commitments fully and on time.  “The cost of inaction is measured in human lives.  If we allow this crisis to continue, we are not just failing UN staff; we are failing the world.

    “Fewer staff means fewer peacekeepers in conflict zones, fewer aid workers delivering food and medicine, fewer experts tackling global challenges.  Every member of staff lost weakens our ability to respond to the world’s most pressing crises.  Let me be clear — this is not just about jobs.  It is about the UN’s ability to fulfill its mission,” he said.

    The representative of Switzerland, speaking also for Liechtenstein, welcomed Secretariat efforts to improve mechanisms for recruiting young professionals, including modernizing job descriptions, removing artificial barriers to entry and enhancing digital and language skills.  She also backed the Secretary-General’s proposal to structure and professionalize the UN internship programme.  “We note with interest the recommendations to introduce financial support for interns to strengthen geographical diversity and to offer more structured learning,” she added.

    The representative of the United States said Washington, D.C., will consider proposals using three criteria:  whether the proposal promotes a transparent and accountable system; reflects actual or proposed cost-savings and efficiencies; and how it aligns with his Government’s national interests and priorities, including “making the US safer, stronger and more prosperous”.  To this end, the delegation will defend against efforts to undermine the system of desirable ranges by advancing a vague, discriminatory and deeply flawed concept of equitable geographic representation. 

    Human Resources Management

    Martha Helena Lopez, Assistant Secretary-General for Human Resources, presented the Secretary-General’s five reports on human resources management reform:  Overview of human resources management reform for the period 2023–2024 (document A/79/566); Review of the United Nations Secretariat Internship Programme (document A/79/566/Add.1); Composition of the Secretariat: staff demographics (document A/79/584); Composition of the Secretariat: gratis personnel, retired staff, consultants, individual contractors and United Nations Volunteers (document A/79/581); and Practice of the Secretary-General in disciplinary matters and cases of possible criminal behaviour, from 1 January to 31 December 2023 (document A/79/615).

    Regarding the redesigned internship programme, she said “it aligns with UN values of fairness and accessibility, upholds commitments to youth in the Pact for the Future, and ensures meaningful engagement of young people.”  The proposal addresses the need for more structured learning and financial support for interns, including the cost of travel, health insurance, a monthly stipend and a technology allowance for remote interns.  “This would remove a significant barrier to broader participation for individuals from all economic backgrounds,” she added.  The Secretariat invites the Assembly to approve the removal of current restrictions and the principle of a centrally funded support scheme.

    The Secretary-General report covering staff demographics offers a comprehensive view of Secretariat staff from 1 January to 31 December 2023 and during the 2019 to 2023 period, she noted.  It gives a comprehensive analysis of the gratis personnel, retired staff, consultants, individual contractors, and United Nations Volunteers engaged across the Secretariat from 1 January 2022 to 31 December 2023 and highlights trends observed from 2014 to 2023, offering insights into the evolution of the Secretariat’s affiliated personnel.  The final report provides comprehensive measures for the Secretary-General’s approach to misconduct cases and analysis of the data and trends in the Secretariat’s disciplinary practices.

    Juliana Gaspar Ruas, Chair of the Advisory Committee on Administrative and Budgetary Questions (ACABQ), presented that body’s related reports (documents A/79/745A/79/746, A/79/747A/79/748 and A/79/749).

    After those presentations, Fifth Committee Vice-Chair Johanna Bischof (Austria) drew delegates’ attention to the relevant reports of the Joint Inspection Unit and related notes by the Secretary-General transmitting his comments and comments of the United Nations Chief Executives Board for Coordination on the respective reports: Review of the use of non-staff personnel and related contractual modalities in the United Nations system organizations – Note by the Secretary-General (documents A/79/694 and A/79/694/Add.1); Review of the quality, effectiveness, efficiency and sustainability of health insurance schemes in the United Nations system organizations (documents A/79/695 and A/79/695/Add.1); and Flexible working arrangements in United Nations system organizations (documents A/79/693 and A/79/693/Add.1).

    Joint Inspection Unit

    Carolina Fernández Opazo, Inspector and Chairperson of the Joint Inspection Unit, introduced the Report of the Joint Inspection Unit for 2024 and programme of work for 2025 (document A/79/34), and Federica Pietracci, Senior Programme Management Officer of the United Nations System Chief Executives Board for Coordination, introduced the Note by the Secretary-General on the Report of the Joint Inspection Unit for 2024 (document A/79/742).

    Standards of Accommodation for Air Travel

    Ms. Lopez also introduced the Secretary-General’s report on standards of accommodation for air travel (document A/79/628), and Ms. Gaspar Ruas presented the Advisory Committee’s related report (document A/79/7/Add.44).

    Proposed Programme of Work 

    The Committee also approved its proposed programme of work for this session (document A/C.5/79/L.29).

    MIL OSI United Nations News

  • MIL-OSI United Nations: With 10 Votes in Favour, 5 Abstentions, Security Council Adopts Resolution 2774 (2025) Mourning Loss of Life, as Russian Federation’s Invasion of Ukraine Enters Fourth Year

    Source: United Nations MIL OSI b

    Members Implore Swift End to Conflict, Urge Lasting Peace between Two Nations

    As the Russian Federation’s invasion of Ukraine entered its fourth year, the Security Council today adopted a resolution mourning the tragic loss of life and reiterating that the principal purpose of the United Nations is to maintain international peace and security and peacefully settle disputes.

    Adopting resolution 2774 (2025) (to be issued as document S/RES/2774(2025)) by a vote of 10 in favour to none against, with 5 abstentions (Denmark, France, Greece, Slovenia, United Kingdom), the Council implored a swift end to the conflict and urged a lasting peace between Ukraine and the Russian Federation.

    Before the vote, the representative of the United States said that the Council stands on “the precipice of history with a solemn task — creating conditions to end the bloodiest war on the European continent” since the organ was created in June 1945.  Noting that her country’s draft text is “a symbolic, simple first step towards peace”, she added that it “is not a peace deal”.  Rather, it represents a path to peace, and she urged all Council members to join the United States in vanquishing the scourge of this war.

    Proposed Amendments Fail to Obtain Required Number of Votes

    However, the representative of the United Kingdom underscored:  “There can be no equivalence between Russia and Ukraine in how this Council refers to this war.”  Moscow chose to launch a war of aggression, and “the Council must be clear on this”, she stressed.  “We must also be clear that peace must respect the UN Charter and Ukraine’s sovereignty and territorial integrity within its internationally recognized borders,” she added, proposing several amendments to the text on behalf of the Council members who ultimately abstained from the vote on the text as a whole.

    France’s delegate noted such proposed amendments demonstrate “our resolute commitment — after three years of war — to a comprehensive, just and lasting peace in Ukraine”.  However, he underscored that peace cannot be a synonym for capitulation of the aggressed State.  The amendments, he said, also aim to recall that there is an aggressor and an aggressed State, with the Russian Federation having attacked a sovereign State that posed no threat to it.

    The representative of the Russian Federation, for his part, said of today’s text:  “We consider it, overall, as a common-sense initiative.”  It reflects, he said, the desire of the new United States Administration to “really contribute”.  He also proposed several amendments, including inserting language regarding the need to “eradicate the root causes of the Ukrainian crisis”.  On the amendments proposed by the European Council members, he said they “replace the essence of the American text and make it into another anti-Russia ultimatum”.

    None of the five proposed amendments were adopted, either because they failed to obtain the required number of votes or because the Russian Federation cast its veto.

    United States’ Speaker Welcomes Adoption of First Resolution in Three Years on Ukraine Firmly Calling for End to Conflict 

    Following the adoption of the unamended text, the representative of the United States welcomed Council members’ support of the resolution, welcoming the first Council action taken in three years on Ukraine to firmly call for an end to the conflict.  “This resolution puts us on the path to peace,” she affirmed, and although it is a first step, it is a crucial one.  The Council must now use it to build a peaceful future for Ukraine, the Russian Federation and the international community.

    Other Council Members Support Text Overall Yet Raise Concerns

    The representative of France, however, said that, while his country is “fully committed to peace in Ukraine”, Paris calls for a comprehensive, just and lasting peace — “certainly not for capitulation of the victim”.  “There will be no peace and security if aggressors are rewarded and the law of the jungle wins,” he stressed.  Similarly, the representative of the United Kingdom stressed that the terms of peace must send the message that aggression does not pay.  No peace will be sustainable without Ukraine’s consent, she said, voicing regret that her delegation’s proposals making these points clear were not taken on board.

    “There is nobody who wants peace more than Ukrainians and Europeans,” stressed Slovenia’s representative.  However, he observed:  “A person convinced against their will is against you still — there will be peace, but it will be just and it needs to last.”  Building on that, Denmark’s representative stressed that peace must be on the right terms, voicing regret that today’s resolution falls far short of that vision.  “We need to reaffirm our commitment to Ukraine’s sovereignty and territorial integrity,” she stated.

    For his part, the representative of the Republic of Korea — noting that Moscow’s war of aggression has “tragically claimed countless innocent lives” — expressed hope that today’s adoption will provide an opportunity “for all relevant parties to accelerate efforts to achieve just and sustainable peace”.  And while Guyana’s representative said that the text is an important step towards a peaceful end to the war, she said that there would have been added value in affirming support for the UN Charter – particularly States’ obligation to refrain from the threat or use of force against the territorial integrity or political independence of any State.

    Pakistan’s representative — noting that the “priority of peace has remained largely absent and elusive”, even as the security, humanitarian and economic crises have intensified — said:  “A different approach was perhaps required.”  He therefore expressed hope that today’s resolution will “lend impetus to an inclusive peace process that yields a durable solution in accordance with international law”.

    Panama’s representative also voiced support for the resolution, as it is not objectionable due to its simplistic content.  However, “its silence speaks more eloquently than its words”, he observed, adding that his country understands the aftermath of violations of sovereignty and territorial integrity.  “And for our own historic reasons, we have always rejected the aggression of one State against another,” he said.

    Recalling his delegation’s repeated calls for the parties to engage in negotiations to reach a just and permanent peace in the region, the representative of Algeria said that “our call was the only criteria that Algeria used to determine its position today through our vote”.  Similarly, the representative of China, Council President for February, spoke in his national capacity to recall his country’s “consistent principles and propositions on the Ukraine issue”.  He added: “The ultimate solution for any conflict lies at the peace table.”

    Russian Federation Welcomes Changes in United States Position

    Meanwhile, the representative of the Russian Federation welcomed changes in the United States’ position on the Ukrainian conflict.  “It is clear that the militarizing Europe today is the only player internationally which wants the war to continue,” he stated.  And while today’s text is not ideal, it is a first attempt to have a constructive and future-oriented product by the Council.  The key outline of a restored European and international security “can already be seen in the American text and this gives us a certain optimism”, he stated.

    At the outset of the meeting, the representative of France proposed that today’s vote be postponed, expressing concern that the text was introduced “without real negotiations among Council members”.  While the representative of the United Kingdom expressed strong support for that proposal, the representative of the United States opposed it.  Ultimately, that proposal was rejected for failing to obtain a sufficient number of votes.

    MIL OSI United Nations News

  • MIL-OSI United Kingdom: There needs to be a lasting and just peace with Ukraine’s voice at the heart of any talks: UK statement at the UN Security Council

    Source: United Kingdom – Executive Government & Departments

    Speech

    There needs to be a lasting and just peace with Ukraine’s voice at the heart of any talks: UK statement at the UN Security Council

    Statement by Ambassador Barbara Woodward, UK Permanent Representative to the UN, at the UN Security Council meeting on Ukraine.

    Today marks the third year of President Putin’s full-scale invasion, forced on the Ukrainian and Russian people, in clear breach of the UN Charter.

    So first of all today, of all days, we pause to remember and honour the victims of this war. Those who have lost their lives, their homes, their futures, their limbs, their childhoods, family members and friends. Millions who have been displaced, tens of thousands who have lost their lives.

    They’ve lost schools, playgrounds, farms, churches, hospitals.

    While Russian forces have used rape, torture and execution as weapons of war and put nuclear safety at risk.

    This is a war that Putin said would take three days.

    Three years on, Ukrainians have paid a terrible price.

    And the impact of this war is not limited to Ukraine.

    Hunger, poverty and energy insecurity have increased worldwide.

    So second, as we look forward to peace, let’s be clear, no country wants peace more than Ukraine. Ukraine is more than ready for this war to end.

    But there needs to be a lasting and a just peace, with Ukraine’s voice at the heart of any talks.

    A peace that is not just a pause in fighting but a peace that leaves Ukraine secure and free from Russian attack. A peace that shows that aggression does not pay. And a peace that ends forever Putin’s imperialist ambitions.

    And we have to remember that Putin by contrast, only wants capitulation.

    So if Russia is allowed to win, we will live in a world where might is right, where borders can be redrawn by force, where aggressors think they can act with impunity. The consequences for peace and security around the world are dire.

    So third then, a lasting peace must come from strength.

    Strength and courage that Ukraine has shown abundantly in the last three years.

    But that strength and courage needs to be underpinned by robust security agreements from the outset because Putin has repeatedly shown that he will break a weak deal.

    He has long denied Ukraine’s right to exist as a free state.

    So the UK, with our European partners and the United States, will work closely together for Ukraine and Europe will continue to take responsibility for our continent’s security.

    The UK is ready to play a leading role to support Ukraine in its right to self-defence. To support the negotiation and implementation of a peace agreement, a just and lasting peace agreement, which protects Ukraine’s sovereignty and territorial integrity, its internationally recognised borders, in line with the UN Charter.

    Updates to this page

    Published 24 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Submissions: Environment – Invasive predators from the ocean: not only ships, but also many fish use the Panama Canal

    Source: Leibniz Institute of Freshwater Ecology and Inland Fisheries (IGB)

    The Panama Canal is a busy maritime route, with 14,000 ships passing through it every year. But this canal is also a potential pathway for the spread of non- native fishes from one ocean to another. 

    Researchers at the Leibniz Institute of Freshwater Ecology and Inland Fisheries (IGB), Freie Universität Berlin, Smithsonian Tropical Research Institute in Panama and Harvard University have now compared the fish communities of Lake Gatun in the Panama Canal aquatic corridor before and after the canal’s expansion in 2016. 

    Since the extensive structural changes to the canal’s lock system, significantly more marine fish species have entered the freshwater lake; they now make up 76 percent of the total biomass of the fish population and are primarily large predatory fishes. 

    As a result, the lake’s food web is changing and local fisheries are heavily impacted. There is also an increased risk that some species will pass through the canal and colonize the opposite ocean – with important ecological and evolutionary consequences.

    Maritime shipping is one of the most important introduction pathways for invasive species. Historically, species introductions through the Panama Canal have been relatively low, largely due to the existence of a soft barrier – the freshwater artificial Lake Gatun – inside the Canal. However, the 2016 expansion of the Panama Canal involved major structural changes to the canal’s lock system, which may have increased the likelihood that more marine fish species and greater numbers of them enter the lake and eventually cross the canal. This is because the new locks for the passage of mega-ships (called Neopanamax) are substantially larger than the old ones. So for every ship transit through the new locks, more freshwater flows into the sea, but also more seawater enters Lake Gatun – and therefore potentially more marine fishes.

    The research team compared the fish populations before (2013-2016) and after (2019-2023) the expansion of the canal. They used a unique long-term series of scientific standardized catch data on the number, biomass and spatial distribution of the fish community. “The Panama Canal has the potential to connect the marine biota of the Atlantic and Pacific Oceans, which have been separated for three million years. Before the canal’s expansion, this potential was relatively low. Now it looks that the permeability of the canal to interoceanic invasions is increasing after its expansion”, said Gustavo A. Castellanos-Galindo. He is one of the two lead authors of the study and a researcher at IGB, FU Berlin and the Smithsonian Tropical Research Institute.

    After the canal expansion: the proportion of marine fish species in total mass increased from 26 to 76 percent

    Since 2016, the composition of the fish community in Lake Gatun has significantly shifted from freshwater to marine fish species. Before the canal’s expansion, marine fishes made up only 26 percent of the total fish biomass; now they account for 76 percent. Of these species, 18 are originally from the Atlantic and five from the Pacific. Prior to 2016, around 57 percent of the biomass of the lake’s fish community consisted of non-native freshwater fishes, particularly the Peacock Bass (Cichla ocellaris var. monoculus) and the Nile Tilapia (Oreochromis niloticus), while native freshwater fishes made up 17 percent. After the expansion, native and non-native freshwater fish species make up only 11 and 13 percent of the total fish biomass, respectively.

    Large predatory fishes from the ocean change the food web and thus the fish stocks for local fisheries

    The researchers also looked at functional groups. These are groups of fish species that use environmental resources in a similar way. With this approach, the impact of the altered fish community on the ecosystem can be better assessed. The team found 15 new functional groups in the fish community of Lake Gatun following the canal’s expansion. The most representative group (by weight) are large pelagic predators, such as the Atlantic Tarpon (Megalops atlanticus). Conversely, eight groups from the pre-enlargement period are missing: they correspond mainly to native freshwater fish species, mostly small in size, that feed on detritus or are omnivores, for example Brycon petrosus. “The food web in Lake Gatun is being severely altered by the novel marine fish species. This has also important impacts on local fisheries”, said Prof. Jonathan Jeschke, co-author of the study and researcher at IGB and FU Berlin.

    Risk of interoceanic invasions

    The researchers also investigated the risk that these changes pose for possible interoceanic migrations. “The increase in marine organisms in this water corridor could represent a potential invasion in progress, increasing the likelihood that some species will pass through the canal and colonize the opposite ocean. Since most of these marine fish are apex predators with a broad niche range, their colonization of the Atlantic and Pacific is likely to alter ecological interactions and possibly lead to ecosystem-level changes”, said Gustavo A. Castellanos-Galindo.

    Publication:

    Gustavo A. Castellanos-Galindo, Diana M.T. Sharpe, D. Ross Robertson, Victor Bravo, Jonathan M. Jeschke, Mark E. Torchin, New fish migrations into the Panama Canal increase likelihood of interoceanic invasions in the Americas, Current Biology, 2025, ISSN 0960-9822, https://doi.org/10.1016/j.cub.2025.01.049

    Gustavo A. Castellanos-Galindo, IGB: https://www.igb-berlin.de/en/profile/gustavo-castellanos-galindo

    About the Leibniz Institute of Freshwater Ecology and Inland Fisheries (IGB):

    IGB is Germany’s largest and one of the leading international centres for freshwater research. It is also one of the oldest institutions in this field. The roots of the predecessor institutions can be traced back to the end of the 19th century. Today, science at IGB covers a wide range of disciplines – from hydrology, physics, geography, ecology and evolution to socio-ecology, from molecular biology to the study of entire ecosystems and catchments, and from microbial ecology to fish behaviour. 

    Our findings and methods provide an excellent basis to train young scientists and to promote an open knowledge exchange with society. Thus, we contribute to coping with ecological and societal challenges, such as the adaptation to global change, the conservation of aquatic biodiversity and the sustainable use and management of inland waters. https://www.igb-berlin.de/en/

    IGB Newsroom: https://www.igb-berlin.de/en/newsroom

    IGB Newsletter: https://www.igb-berlin.de/en/newsletter

    IGB at Bluesky: @leibnizigb.bsky.social 

    MIL OSI – Submitted News

  • MIL-OSI United Nations: Experts offer guidance on using the World Heritage Convention in support of the Kunming-Montreal Global Biodiversity Framework

    Source: United Nations

    UNESCO convened an expert meeting to identify actions to harness the World Heritage Convention in support of the Kunming-Montreal Global Biodiversity Framework. The meeting confirmed the relevance of the World Heritage Convention to almost all of the 23 global targets of the Global Biodiversity Framework and made recommendations for further action, which will be presented to the World Heritage Committee at its 47th session.

    The 2019 Global Assessment Report of Biodiversity and Ecosystem Services issued by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) provided the scientific evidence that biodiversity is deteriorating worldwide at rates unprecedented in human history. Yet, biodiversity is fundamental to human well-being, a healthy planet, and economic prosperity.

    The World Heritage Convention is among the most successful site-based conservation instruments, with a significant contribution to biodiversity conservation, according to a UNESCO study.

    The Kunming-Montreal Global Biodiversity Framework adopted by the Parties to the Convention on Biological Diversity is a real opportunity for the biodiversity conventions to work together. We should make use of the extraordinary capacity of the World Heritage Convention to support biodiversity conservation.

    In response to the Committee’s decisions 45 COM 7.2 and 46 COM 7, UNESCO organized in collaboration with the Advisory Bodies an expert meeting on the synergies and opportunities between the World Heritage Convention and the Kunming-Montreal Global Biodiversity Framework. The workshop was hosted by the German Federal Agency for Nature Conservation (Bundesamt für Naturschutz) at its International Academy for Nature Conservation on the Isle of Vilm, Germany, and took place from 25 to 29 November 2024.

    The meeting experts reaffirmed the unique contribution of the World Heritage Convention to the conservation and sustainable use of biodiversity, and the relevance of the Global Biodiversity Framework to both natural and cultural sites. They identified a range of recommendations for the World Heritage Committee, States Parties, and the UNESCO Secretariat and Advisory Bodies, including 19 priority actions.

    Among the key actions, States Parties should integrate priorities for the implementation of the World Heritage Convention into their National Biodiversity Strategies and Action Plans, as requested by the World Heritage Committee (Decision 45 COM 7.2). This is important to ensure that current World Heritage properties and potential new sites become an international priority for dedicated funding mechanisms for the Global Biodiversity Framework.

    The Global Biodiversity Framework also sets targets for respecting the rights of Indigenous Peoples and local communities in biodiversity conservation and provides new opportunities for cultural sites to contribute to nature conservation. States Parties, Indigenous Peoples and World Heritage properties can work with initiatives such as the Joint Programme of Work on the links between Biological and Cultural Diversity to support the implementation of the targets.

    World Heritage properties often overlap with other international designations such as Ramsar wetland sites, Biosphere Reserves and UNESCO Global Geoparks. In addition, the protection and management of World Heritage properties may be relevant to the implementation of other biodiversity- or culture-related conventions, such as the Convention for the Safeguarding of the Intangible Cultural Heritage, Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) and the Convention on Migratory Species (CMS). Improved cooperation between the Conventions and programmes could create greater coherence and have results at a larger scale.

    The meeting was made possible thanks to the support of the German Federal Agency for Nature Conservation, and the financial contributions of the Swiss Federal Office for Environment (FOEN) and the Government of Norway to the World Heritage Fund.

    About the Kunming-Montreal Global Biodiversity Framework

    The 15th Conference of the Parties to the Convention on Biological Diversity (CBD), convened under the auspices of the United Nations, adopted the Kunming-Montreal Global Biodiversity Framework. Through four goals and 23 targets, it sets out an ambitious plan to take urgent action to halt and reverse biodiversity loss to put nature on a path to recovery for the benefit of people and planet by 2030, in line with the 2030 Agenda for Sustainable Development, and to ensure that the shared vision of living in harmony with nature is realised by 2050.

    About the Joint Programme of Work on the links between Biological and Cultural Diversity

    The Joint Programme of Work (JPoW) on the links between Biological and Cultural Diversity was initially adopted at COP10 of the CBD in 2010 to explore the links and opportunities for improving the protection of biological and cultural diversity. It was a way for UNESCO to help connect the nature and culture themes under the Aichi Targets, in cooperation with the Secretariat of the CBD. Parties at COP15 renewed the mandate of the JPoW, including inviting UNESCO, the Secretariat of the CBD, the IUCN, the International Indigenous Forum on Biodiversity (IIFB) and advisory bodies to work together on a roadmap for improve an integrated approach to supporting biodiversity, linguistic and cultural diversity. UNESCO is currently the lead agency for the International Decade of Indigenous Languages (2022-2032), providing an important platform to achieve such cooperation in policy and in action. 

    Summary recommendations 

    English

    Meeting report 

    English

    MIL OSI United Nations News

  • MIL-OSI United Kingdom: There can be no equivalence between Russia and Ukraine in how this Council refers to this war: UK statement at the UN Security Council

    Source: United Kingdom – Executive Government & Departments

    Speech

    There can be no equivalence between Russia and Ukraine in how this Council refers to this war: UK statement at the UN Security Council

    Explanation of vote by Ambassador Barbara Woodward, UK Permanent Representative to the UN, following the vote on the UN Security Council Resolution 2774 on Ukraine.

    Today marks three years since Russia’s unprovoked full-scale invasion of Ukraine.

    Today, we remember the millions of Ukrainians displaced, the tens of thousands of civilians killed, the lives destroyed by President Putin’s imperial ambition.

    As the Secretary-General said again yesterday, this war is illegal, a clear violation of the UN Charter and a threat to the core principles of the UN.

    No-one wants peace more than Ukraine.  

    But the terms of that peace matter.  

    Only a just peace, one that honours the terms of our Charter, will endure. 

    And the terms of the peace must send a message that aggression does not pay.

    This is why there can be no equivalence between Russia and Ukraine in how this Council refers to this war.

    If we are to find a path to sustainable peace, the Council must be clear on the war’s origins.  

    We also owe it to the people of Ukraine who have suffered so much.  

    Russia chose to launch a war of aggression against a sovereign state, but again today is seeking to obfuscate that fact.  

    We must also insist on respect for the UN Charter, and Ukraine’s sovereignty and territorial integrity, within its internationally recognised borders.  

    Upholding the Charter is the responsibility of every member of the UN, and especially every member of this Council.  

    Every member. 

    What, how and on what terms this war ends can only be decided by negotiations with Ukraine.  

    No peace will be sustainable without Ukraine’s consent. 

    We regret that our proposals making these points clear were not taken on board, and as such we could not support this resolution. 

    But we share the ambition to find a lasting end to this war, supported by robust security arrangements that ensure Ukraine never again has to face Russia’s attack.

    As my Prime Minister has made clear – the UK remains ready to play its part.  

    We will continue to provide Ukraine with the support it needs to protect and defend itself and its people.

    We remind the Council that Russia could achieve this tomorrow – by ceasing its aggression and withdrawing its forces from all of Ukraine.

    Updates to this page

    Published 24 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Global: Francis − a pope who has cared deeply for the poor and opened up the Catholic Church

    Source: The Conversation – USA – By Mathew Schmalz, Professor of Religious Studies, College of the Holy Cross

    Pope Francis during the Palm Sunday Mass at St. Peter’s Square on April 2, 2023, in Vatican City. Antonio Masiello/Getty Images

    Pope Francis, who remains in critical condition and hospitalized as he battles pneumonia in both lungs, was elected pope on March 13, 2013, after the surprise resignation of Benedict XVI.

    Prior to becoming pope, he was Jorge Mario Bergoglio, archbishop of Buenos Aires, and was the first person from the Americas to be elected to the papacy. He was also the first pope to choose Francis as his name, thus honoring St. Francis of Assisi, a 13th-century mystic whose love for nature and the poor have inspired Catholics and non-Catholics alike.

    Pope Francis chose not to wear the elaborate clothing, like red shoes or silk vestments, associated with other popes. As a scholar of global Catholicism, however, I would argue that the changes Francis brought to the papacy were more than skin deep. He opened the church to the outside world in ways none of his predecessors had done before.

    Care for the marginalized

    Pope Francis reached out personally to the poor. For example, he turned a Vatican plaza into a refuge for the homeless, whom he called “nobles of the street.”

    The Argentinian Jorge Mario Bergoglio, ordained for the Jesuits in 1969 at the Theological Faculty of San Miguel.
    Jesuit General Curia via Getty Images

    He washed the feet of migrants and prisoners during the traditional foot-washing ceremony on the Thursday before Easter. In an unprecedented act for a pope, he also washed the feet of non-Christians.

    He encouraged a more welcoming attitude toward gay and lesbian Catholics and invited transgender people to meet with him at the Vatican.

    On other contentious issues, Francis reaffirmed official Catholic positions. He labeled homosexual behavior a “sin,” although he also stated that it should not be considered a crime. Francis criticized gender theory for “blurring” differences between men and women.

    While he maintained the church’s position that all priests should be male, he made far-reaching changes that opened various leadership roles to women. Francis was the first pope to appoint a woman to head an administrative office at the Vatican. Also for the first time, women were included in the 70-member body that selects bishops and the 15-member council that oversees Vatican finances. Shortly before his death, he appointed an Italian nun, Sister Raffaella Petrini, as President of the Vatican City.

    Pope Francis in St. Peter’s Square on April 18, 2022.
    Stefano Spaziani/Mondadori Portfolio via Getty Images

    Not shy of controversy

    Some of Francis’ positions led to opposition in some Catholic circles.

    One such issue was related to Francis’ embrace of religious diversity. Delivering an address at the Seventh Congress of Leaders of World and Traditional Religions in Kazakhstan in 2022, he said that members of the world’s different religions were “children of the same heaven.”

    While in Morocco, he spoke out against conversion as a mission, saying to the Catholic community that they should live “in brotherhood with other faiths.” To some of his critics, however, such statements undermined the unique truth of Christianity.

    During his tenure, the pope called for “synodality,” a more democratic approach to decision making. For example, synod meetings in November 2023 included laypeople and women as voting members. But the synod was resisted by some bishops who feared it would lessen the importance of priests as teachers and leaders.

    In a significant move that will influence the choosing of his successor, Pope Francis appointed more cardinals from the Global South. But not all Catholic leaders in the Global South followed his lead on doctrine. For example, African bishops publicly criticized Pope Francis’ December 2023 ruling that allowed blessings of individuals in same sex couples.

    His most controversial move was limiting the celebration of the Mass in the older form that uses Latin. This reversed a decision made by Benedict XVI that allowed the Latin Mass to be more widely practiced.

    Traditionalists argued that the Latin Mass was an important – and beautiful – part of the Catholic tradition. But Francis believed that it had divided Catholics into separate groups who worshiped differently.

    This concern for Catholic unity also led him to discipline two American critics of his reforms, Bishop Joseph Strickland of Tyler, Texas, and Cardinal Raymond Burke. Most significantly, Carlo Maria Viganò, the former Vatican ambassador, or nuncio, to the United States was excommunicated during Francis’ tenure for promoting “schism.”

    In the last days of his pontificate, Pope Francis also criticized the Trump administration’s efforts to deport migrants. In a letter to US Bishops, he recalled that Jesus, Mary and Joseph had been emigrants and refugees in Egypt. Pope Francis also argued that migrants who enter a country illegally should not be treated as criminals because they are in need and have dignity as human beings.

    Writings on ‘the common good’

    In his official papal letters, called encyclicals, Francis echoed his public actions by emphasizing the “common good,” or the rights and responsibilities necessary for human flourishing.

    Pope Francis washes the foot of a man during the foot-washing ritual at a refugee center outside of Rome on March 24, 2016.
    L’Osservatore Romano/Pool Photo via AP

    His first encyclical in 2013, Lumen Fidei, or “The Light of Faith,” sets out to show how faith can unite people everywhere.

    In his next encyclical, Laudato Si’, or “Praise Be to You,” Francis addressed the environmental crisis, including pollution and climate change. He also called attention to unequal distribution of wealth and called for an “integral ecology” that respects both human beings and the environment.

    His third encyclical in 2020, Fratelli Tutti, or “Brothers All,” criticized a “throwaway culture” that discards human beings, especially the poor, the unborn and the elderly. In a significant act for the head of the Catholic Church, Francis concluded by speaking of non-Catholics who have inspired him: Martin Luther King Jr., Desmond Tutu and Mahatma Gandhi.

    In his last encyclical, Dilexit Nos, or “He Loved Us,” he reflected on God’s Love through meditating on the symbol of the Sacred Heart that depicts flames of love coming from Jesus’ wounded heart that was pierced during the crucifixion.

    Francis also proclaimed a special “year of mercy” in 2015-16. The pope consistently argued for a culture of mercy that reflects the love of Jesus Christ, calling him “the face of God’s mercy.”

    A historic papacy

    Francis’ papacy has been historic. He embraced the marginalized in ways that no pope had done before. He not only deepened the Catholic Church’s commitment to the poor in its religious life but also expanded who is included in its decision making.

    The pope did have his critics who thought he went too far, too fast. And whether his reforms take root depends on his successor. Among many things, Francis will be remembered for how his pontificate represented a shift in power in the Catholic Church away from Western Europe to the Global South, where the majority of Catholics now live.

    Mathew Schmalz is Roman Catholic and a political independent.

    ref. Francis − a pope who has cared deeply for the poor and opened up the Catholic Church – https://theconversation.com/francis-a-pope-who-has-cared-deeply-for-the-poor-and-opened-up-the-catholic-church-164362

    MIL OSI – Global Reports

  • MIL-OSI Security: Defense News: Mission And Purpose On Full Display As Truman Returns To Sea

    Source: United States Navy

    “Our ship remains operationally ready to complete deployment with mission and purpose on full display by the entire crew,” said Capt. Chris Hill, commanding officer of Harry S. Truman. “We are out here launching and recovering aircraft, ready to ‘Give ‘em Hell’ with combat credible power.”

    The U.S. Navy’s ability to rapidly repair its warships anywhere in the world is a testament to our lethality and the warfighting advantage of relationships with Allies and partners.

    Led by Forward Deployed Regional Maintenance Center (FDRMC), Truman completed the five-day ERAV at Naval Support Activity (NSA) Souda Bay, Greece. In an all-hands effort, Sailors worked with FDRMC personnel, Norfolk Naval Shipyard, and local industry partner Theodoropoulos Group to assess damage, develop a repair plan, and restore weathertight integrity to the ship following the collision on Feb. 12.

    “FDRMC is focused on keeping our forward-deployed naval forces mission-ready across 5th and 6th Fleets, maintaining critical combat readiness for the ships and their Sailors,” said Capt. Mollie Bily, FDRMC commanding officer. “The rapid repair effort on Truman was a testament to our expeditionary maintenance expertise and the exceptional collaboration with our Norfolk Naval Shipyard teammates and industry partners.”

    Since deploying, Carrier Air Wing (CVW) 1 has flown over 5,500 sorties, including two self-defense strikes into Houthi-controlled Yemen territory and a large force strike against ISIS-Somalia targets in Northeast Somalia in coordination with U.S. Africa Command. The Harry S. Truman Carrier Strike Group continues to provide maritime security and regional stability in support of its component commanders.

    The carrier strike group includes the flagship USS Harry S. Truman (CVN 75); Carrier Air Wing (CVW) 1, with eight embarked aviation squadrons; staffs from CSG-8, CVW-1, and Destroyer Squadron (DESRON) 28; the Ticonderoga-class guided-missile cruiser USS Gettysburg (CG 64); and three Arleigh Burke-class guided-missile destroyers, USS Stout (DDG 55), USS The Sullivans (DDG 68), and USS Jason Dunham (DDG 109).

    HSTCSG’s mission is to conduct prompt and sustained combat operations at sea and maintain a forward presence through sea control and power projection capabilities. For more information, visit DVIDS at https://www.dvidshub.net/unit/CVN75.

    MIL Security OSI