Category: European Union

  • MIL-OSI Europe: Answer to a written question – Publication of the report on the investigation into TikTok under the DSA ahead of the May 2025 presidential election campaign in Romania – P-000253/2025(ASW)

    Source: European Parliament

    On 17 December 2024, the Commission opened formal proceedings against TikTok[1], following the suspicion that the provider of this very large online platform may have breached the Digital Services Act (DSA)[2] in relation to its obligation to properly assess and mitigate systemic risks linked to election integrity, notably in the context of the Romanian presidential elections of 24 November 2024.

    After the formal opening of proceedings, the Commission continues to investigate the provider of TikTok’s compliance with the DSA, for example, by sending additional requests for information, conducting interviews and inspections, or taking additional monitoring actions, such as requesting access to algorithms.

    By means of a request for information, the Commission may require the provider of TikTok to provide data and documents it has been obliged to retain on the basis of the retention order issued by the Commission on 5 December 2024[3].

    The opening of formal proceedings empowers the Commission to take further enforcement steps, such as interim measures and non-compliance decisions.

    The Commission may also make any commitment offered by the provider of TikTok to ensure compliance with the DSA binding on such provider.

    For example, on 5 August 2024, the Commission had made TikTok’s commitments to permanently withdraw TikTok Lite Rewards programme from the EU binding[4].

    The DSA does not set any legal deadline for bringing formal proceedings to an end. The duration of an in-depth investigation depends on several factors, including the complexity of the case and the exercise of the rights of defence.

    Moreover, the opening of formal proceedings does not prejudge any other proceedings that the Commission may decide to initiate under the DSA.

    • [1] https://ec.europa.eu/commission/presscorner/detail/en/ip_24_6487
    • [2] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32022R2065
    • [3] https://ec.europa.eu/commission/presscorner/detail/en/ip_24_6243
    • [4] https://ec.europa.eu/commission/presscorner/detail/en/ip_24_4161

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – The Freilich affair and the threat to freedom of expression and media pluralism in the EU posed by the ‘debanking’ of patriotic media and activists – E-002930/2024(ASW)

    Source: European Parliament

    The Commission is committed to safeguarding pluralistic and independent media, essential for democracy and the rule of law, and to the functioning of the internal market for media.

    The European Media Freedom Act (EMFA)[1] provides a reinforced framework for media service providers. Article 4(1) EMFA, applicable as of 8 February 2025, provides that media service providers shall have the right to exercise their economic activities in the internal market without restrictions other than those allowed pursuant to EU law.

    Article 21 EMFA, which will apply as of 8 August 2025, sets out requirements for all national measures taken by a Member State that are liable to affect media pluralism or editorial independence of media service providers.

    Credit institutions, like other economic operators, have the contractual freedom to decide with whom they want to enter into a business relationship.

    With some exceptions, the Payment Accounts Directive (PAD)[2] provides consumers residing in the EU, and acting outside their professional activities, the right to a payment account with basic features.

    In addition, the PAD requires that consumers are not discriminated based on residence, nationality or other grounds, including political opinion, when they apply for or access a payment account within the EU.

    EU law does not oblige payment service providers to justify the termination of a framework contract. There is however an obligation under the PAD[3] to give at least a 2- month notice to the client.

    The Commission will continue to monitor media freedom and pluralism in Austria, including in the context of the annual Rule of Law Report[4].

    • [1] Regulation (EU) 2024/1083 of the European Parliament and of the Council of 11 April 2024 establishing a common framework for media services in the internal market and amending Directive 2010/13/EU (European Media Freedom Act).
    • [2] Directive 2014/92/EU of the European Parliament and of the Council of 23 July 2014 on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features Text with EEA relevance OJ L 257, 28.8.2014, p. 214-246.
    • [3] Article 55 of Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (Text with EEA relevance) OJ L 337, 23.12.2015.
    • [4] https://commission.europa.eu/strategy-and-policy/policies/justice-and-fundamental-rights/upholding-rule-law/rule-law/annual-rule-law-cycle_en

    MIL OSI Europe News

  • MIL-OSI Economics: Announcing the 2025 Imagine Cup Semifinalists

    Source: Microsoft

    Headline: Announcing the 2025 Imagine Cup Semifinalists

    We’re excited to announce the next phase of the 2025 Imagine Cup – meet the startups who were selected to advance to the Semifinals! These student founders are the future, and their innovative ideas are sure to capture your interest and perhaps spark your own new idea.

    The semifinalists will receive advice and guidance through personalized mentorship and additional benefits within Microsoft for Startups Founders Hub to help further develop their idea and solution as they prepare for the next round of the competition. A panel of judges (including AI experts, startup founders, and venture capitalists – meet them here!) will select the top three startups. These startups will advance to World Championship, competing for the ultimate prize of $100,000 USD1 and a mentorship session with Microsoft Chairman and CEO, Satya Nadella! The two runners-up will each receive $25,000 USD1.

    Inspired by the ideas below? Apply to Microsoft for Startups Founders Hub to begin launching your own startup today. Access free industry-leading AI, credits with fewer restrictions, and tools to scale quickly.

    Congratulations to the semifinalists! (listed in alphabetical order):

    ADA.AI, Indonesia

    ADA.AI is an accessible AI-driven job-matching platform that empowers job seekers with disabilities through inclusive hiring and career tools like CV Maker and Career Tree. It addresses corporate social responsibility (CSR) goals for human resources, ensuring seamless and equitable opportunities for all.


    Argus, United States

    Argus is a two-part device that empowers independence for visually impaired individuals by responding to questions about the world around them, aiding with tasks like object identification, facial recognition, and navigation.


    BaharMar, United States

    BaharMar automates the sorting and inspection of juvenile fish in hatcheries and RAS farms using AI-powered computer vision and synchronized hardware. Achieving over 90% accuracy, it reduces labor demands, improves fish health, and enhances profitability. Focused on sustainability, it helps farms scale operations to meet rising global seafood demand.


    Cognify, United Arab Emirates

    Cognify is an AI study app that helps students with ADHD study effectively by generating concise and interactive lessons from their own study materials. It uses eye-tracking technology to alert them when they get distracted.


    DaNang Speech, Vietnam

    DaNang Speech provides a comprehensive Vietnamese language dictionary equipped with advanced mispronunciation detection capabilities. By leveraging speech recognition and artificial intelligence technologies, it offers seamless API integration to facilitate pronunciation improvement for children, students, and foreign language learners.


    FuiZion KrEw, United Arab Emirates

    FuiZion KrEw’s product Lexy is an AI-powered reading assistant that makes text accessible for people with dyslexia through personalized content adaptation, smart remixing, and real-time feedback.


    HairMatch, United States

    HairMatch is an AI-powered hair analysis app for finding natural haircare products, personalizing hair care. It allows women to scan their curly hair and receive product recommendations.


    Handify.AI, France

    Handify is an AI-powered robotic assistant for disabled individuals and the elderly. It combines a voice-controlled arm and advanced Large Language Model (LLM) to perform tasks, offer real-time analysis, and enhance independence—all at an affordable price.


    Intratalent, United States

    Intratalent is an AI-powered resume screener by analyzing resumes, GitHub, and research papers. It integrates with existing application tracking systems, ranks top candidates, and reduces time-to-screen by 10x for medium-to-large enterprises, offering deeper contextual matching and transparent rationale for every recommendation.


    Koel Labs, United States

    Koel Labs provides personalized, actionable, real-time pronunciation feedback through entertaining movie-clips and television shows for the 50% of foreign speakers struggling with their accent every day.


    MariTest, United Kingdom

    MariTest is an AI-powered, non-invasive malaria diagnostic device. It detects malaria using a paramagnetic signature, making it portable and user-friendly. The device provides real-time diagnosis and data transfer without needing blood samples, labs, or skilled healthcare workers, ideal for remote areas.


    MediSmart, Saudi Arabia

    MediSmart is a medication reminder application utilizing AI technology. Its goal is to enhance medication adherence through personalized reminders and integrated user support, improving health outcomes and reducing medical costs.


    Omniglot, Vietnam

    Omniglot is an AI-powered translation tool designed to deliver a seamless and efficient workflow. It combining user-adapted style, cloud-based convenience, and Azure AI-backed privacy, specifically tailored for freelance translators and independent publishers.


    RSL, Saudi Arabia

    RSL is an AI-powered autism screening system using a social robot that engages children with gamified activities while analyzing speech, behavior, and emotions. It provides accurate diagnostics, improving accessibility and efficiency for therapists.


    Sabana, United States

    Sabana is an AI-driven data management platform designed to simplify how architects and engineers manage, document, and collaborate on product selections and construction specifications.


    Signvrse, Rwanda

    Signvrse is an AI-powered platform bridging communication gaps between the Deaf and hearing communities. Its tool, Terp, uses lifelike avatars to translate spoken languages into sign language, fostering inclusivity and accessibility on a global scale.


    Smart Grade AI, Pakistan

    Smart Grade AI automates manual grading with AI-driven essay evaluation, providing instant feedback and analytics to save educators time and improve student outcomes.


    ToolDetective, Brazil

    ToolDetective provides predictive maintenance for the manufacturing industry by checking metal cutting tool wear during each cycle of machining. It using computer vision based on deep learning algorithms to segment the wear on the image and increase the tool’s lifetime.


    Verse, United States

    Verse uses AI to provide assignable, voice-based conversations that encourage critical thinking and active learning. It supports over 50 languages and helps prevent plagiarism and AI misuse. Ideal for educators, Verse offers real-time, interactive assignments that promote deeper thinking and accommodate diverse learning styles.

    Stay tuned and follow us on X, Instagram, LinkedIn, and Facebook for exciting announcements and the latest updates.

    1Open only to enrolled high-school or college/university students 18+. For additional eligibility criteria, round start/end dates, and detailed instructions on how to participate, see the Imagine Cup Official Rules and Regulations.

    MIL OSI Economics

  • MIL-OSI United Kingdom: Rouge Bouillon closure update20 February 2025 The latest update is that the Jersey Demolition Company (JDC) will mobilise on-site next week to assess preparations for the construction of the scaffolding soon after, as part of the first step in… Read more

    Source: Channel Islands – Jersey

    20 February 2025

    The latest update is that the Jersey Demolition Company (JDC) will mobilise on-site next week to assess preparations for the construction of the scaffolding soon after, as part of the first step in our four-step plan. 

    • First, we’re installing a steel strapping system to keep the building stable. 
    • Then, a Geotechnical Engineer will check the soil conditions under the foundations. 
    • After that, we’ll move on to demolishing external structures, including boundary walls. 
    • And finally, we’ll keep reviewing timelines, but right now, we’re aiming to reopen after Easter. 

    Timeline Update: 28 Clarendon Road 

    The owner of 28 Clarendon Road has been working with an engineering team and a Geotechnical Engineer, to take action to ensure the building is made safe and restored efficiently. 

    This highlights the complexity of the response needed to carry out the repairs, as investigations continue into the stability of the building, affected by a burst water main. 

    We want to thank the owner for working with all parties to come to the fastest possible resolution. 

    Next Steps

    • Step 1: Manufacture and install steel strapping system to stabilise the building. 
    • Step 2: Geotechnical Engineer to then assess soil conditions beneath the foundations. 
    • Step 3: The wider team can then proceed with necessary demolition of external structures, including boundary walls affecting neighbouring properties. 
    • Step 4: We continue to monitor progress and review timelines for the safe reopening of Rouge Bouillon, currently expected after the Easter holidays. 

    The project remains under constant review to ensure the best and safest outcome. 

    Rouge Bouillon continues to remain closed between Clarendon Road and Palmyra Road as investigations continue into the stability of an adjacent building wall, affected by a burst water main. 

    The Government of Jersey is monitoring and facilitating ongoing meetings held with all relevant stakeholders to ensure public safety. These include Highways, Network Management, Drainage, Building Control, Jersey Water, CYPES and other key parties, alongside property owners impacted by the issue. 

    Current status with investigatory and repair work 

    • Private parties (residents and private owners) responsible for the affected buildings are undertaking detailed investigations and repair work, which are expected to take some time. 
    • The situation is highly complex with several adjacent walls & buildings that are unsafe and severely cracked. 
    • Multiple parties are involved, including Infrastructure and Environment (I&E), Jersey Water, structural engineers, building surveyors, loss adjustors, and insurance companies.

    Alternative routes and safety assurance 

    We have considered other options to manage the traffic around the closure however, the decision to retain the current traffic arrangement is based on the following factors: 

    • Reversing Clarendon Road poses additional safety risks for residents and pedestrians. 
    • Allowing right-turn access onto Clarendon Road from Val Plaisant could cause severe traffic congestion, particularly near the Gyratory. 
    • Reversing Midvale Road, while potentially useful, would necessitate signal junction changes, creating confusion, complications, and further safety concerns. 

    We advise the traveling public to continue to avoid the area and use alternative routes to access town where possible. 

    Public impact 

    We understand that the closure has significant impacts on daily travel and local businesses. The road will only reopen once the buildings are stabilised and all risks of structural collapse have been mitigated. 

    Next steps 

    A further update on the situation will be provided in seven days.​

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Councillors agree record spend on primary schools and extra support for social care

    Source: Scotland – City of Edinburgh

    Millions of pounds will be spent on protecting and improving schools and crucial frontline services in Edinburgh.

    Setting our budget today (Thursday 20 February) Councillors identified a £1.8bn spending programme focused on investing in services for children, older residents and those most in need of our support.

    An increase in Council Tax rates will be used to balance the budget and to increase spending on frontline services like education, social care and road safety around schools; in direct response to calls from local residents during extensive budget consultation.

    Council Leader Jane Meagher said:

    Together we’ve been able to deliver a balanced budget and prioritise spend on the areas residents have told us they care about most, while staying true to the Council’s core commitments of tackling poverty and climate change and ‘getting the basics right’.

    We’ve updated our plans at every step, taking stock of the thousands of responses gathered during our public consultation calling for us to invest in our frontline services.

    Residents and community groups have been loud and clear that people want spending on schools and roads to be protected, sharing concerns about the local impact of the national social care crisis, and that they’d be willing to see Council Tax raised to make this happen.

    We’ve listened and we’ve gone further – agreeing record spend on over a dozen new and existing school buildings, specific funding for road safety around schools and substantial extra money for the Edinburgh Health and Social Care Partnership.  We’ll be tackling Edinburgh’s housing and homelessness emergencies and investing in our communities, including money towards roads and a new Blackhall Library. 

    For all that, we have had to make many difficult decisions to make substantial savings and I’m grateful to all Councillors for their input. We remain the lowest funded local authority in Scotland, and I will continue to call for fairer funding for Edinburgh.

    Finance and Resources Convener Cllr Mandy Watt said:

    Residents are aware of the financial challenges we face following years of underfunding, and they’ve told us in their thousands that they want to see vital services protected and enhanced. I’m pleased that we’ll be able to use the £26 million raised from an 8% increase in Council Tax to protect and improve these services.

    Huge pressures on health and social care and housing remain unaddressed nationally and while this Budget does everything within our power to protect local services, we need greater action to be taken at a government level.

    A huge amount of work has taken place to consider our budget options, with detailed proposals reported to Committees and tweaked in the months leading up to today’s final decision. I’d like to thank Council officers for all their work on this.

    Substantial spend on schools

    In the highest spending on school buildings in recent years, £296m will be invested towards five new campuses (Granton Waterfront, Newcraighall, St Catherine’s, Gilmerton Station and Builyeon), five extensions (Hillwood, Queensferry and Frogston primaries, plus Castlebrae and Craigmount high schools), plus a replacement building for Fox Covert.

    We’ll invest an additional £30m towards upgrading special needs schools, with improvements designed to allow as many pupils as possible to see their needs met locally. 

    An additional £6.6m will be spent on road safety, particularly around schools. A further £0.5m will be used to drive improvements in educational attainment and £1m will be invested in Holiday Hubs, with options to make this scheme more sustainable to be explored.

    Funding will also be protected around enhanced pupil support bases, pathways for pupil support assistants, transition teachers and devolved school budgets.

    Extra support for social care

    Up to £66m will be spent on Health and Social Care facilities in light of increasing demands for services, a growing and aging population and the rising costs to the EIJB of delivering these services.

    As part of this, Councillors have agreed to set up a new Innovation and Transformation Fund – subject to match-funding by NHS Lothian – to leverage additional capital investment worth up to £16m.

    Additional funding will provide support for Adult Health and Social Care worth £14m plus £5.6m will be put towards adaptations, to help people to live in their own homes independently.

    Up to £2.5m from a Reform Reserve will be allocated to third sector support, plus income maximisation of £1m, following challenges with reduced funding available to charities and voluntary organisations from the EIJB.

    More budget spent on roads

    Responding to the results of our budget consultation – where people said they’d like to see money spent on roads, we’ll spend £40m on roads and transport in the year ahead.

    Focusing on areas identified by a Women’s Safety survey, where certain parts of the city were described as feeling unsafe, as part of this spend we will invest £12.5m this year and next improving roads, pavements, streetlights.

    We will invest a further £6.6m in Safer Routes to School and travelling safely.

    Prioritising our communities and climate

    Councillors have committed to climate remaining a key priority and over the next 12 months and an additional £2.9m will support actions with city partners to address Edinburgh’s climate and nature emergencies.

    Supporting a Just Transition, affordable, net zero housing including 3,500 new, sustainable homes in the £1.3bn transformation of Granton Waterfront will be taken forward.

    An additional £15m is planned to sustainably replace Blackhall Library, which has been closed due to RAAC, while £0.5m will be used to increase enforcement to keep the city cleaner and safer. Around £0.5m will also be used to create better data to support local decision making.

    Focused poverty prevention

    Councillors have committed to accelerate the work of the End Poverty Edinburgh Action Plan, tackle the city’s Housing Emergency and review the way we support the third sector in Edinburgh.

    We will continue to support the Regenerative Futures Fund which will help local communities to lead poverty prevention and deliver change.

    We’ll invest £50m in purchasing and building suitable temporary accommodation for people experiencing homelessness.

    Following agreement of the Housing Revenue Account budget, we will continue work to retrofit high rise blocks and spend £14.8m towards new affordable housing and upgrades to void properties, to get them back into use as homes.

    Council rents will be raised by 7% to raise much needed new funds to upgrade housing, with Councillors also agreeing to increase the city’s Tenant Hardship Fund by 7% in line with this rent rise.

    Changes to Council Tax

    All Council Tax rates will rise by 8% from April 2025 to allow the above investment to take place.

    The new rates will be:

    A: £1,042.34

    B: 1,216.06

    C: £1,389.79

    D: £1,563.51

    E: £2,054.28

    F: £2,540.70

    G: £3,061.87

    H: £3,830.60

    MIL OSI United Kingdom

  • MIL-OSI Global: Inside Porton Down: what I learned during three years at the UK’s most secretive chemical weapons laboratory

    Source: The Conversation – UK – By Thomas Keegan, Senior Lecturer in Epidemiology, Lancaster University

    When I first arrived at the top secret Porton Down laboratory, I was aware of very little about its activities. I knew it was the UK’s chemical defence research centre and that over the years it had conducted tests with chemical agents on humans.

    But what really happened there was shrouded in mystery. This made it a place which was by turns fascinating and scary. Its association with the cold war, reinforced by images of gas mask-wearing soldiers and reports of dangerous (and in one case fatal) experiments, also made it seem a little sinister.

    The shroud of secrecy resulted in it being the subject of some lively fiction, such as The Satan Bug by Alistair MacLean, which revolves around the theft of two deadly germ warfare agents from a secret research facility and in the “Hounds of Baskerville” episode of the BBC drama Sherlock in which the hero uncovers a sinister plot involving animals experiments.

    Even Porton’s own publicity material recognises that where secrecy exists imagination can take flight, and attests:

    No aliens, either alive or dead have ever been taken to Porton Down or any other Dstl [Defence Science and Technology Laboratory] site.

    But it’s also the place where in recent years scientists analysed samples confirming that a Novichok nerve agent had been used to poison former Russian spy Sergei Skripal and his daughter (coincidentally, just a few miles away). And where an active research programme on Ebola played an important role in the UK’s support to Sierra Leone during the 2014 outbreak.

    So what is the truth? Over three years my research took me into the heart of the mystery, as I studied its extensive historical archive. The reality was not as I expected. I came across no aliens, but I did discover records of experiments that ran from the ordinary, through to the bizarre. And sadly, in one isolated case, the lethal.

    Arriving at Porton Down, for example, was unexpectedly low key. The main gate is located off a public road on an otherwise quiet stretch between Porton Down village and the A30. It is in many ways visually similar to the entrance to Lancaster University in the north of England where I work as a lecturer in epidemiology.

    Bar some signs announcing it as the Defence Science and Technology Laboratory (dstl) of the Ministry of Defence, the road is devoid of obvious security. No barriers block entry. This sense of the extraordinary hiding behind the ordinary was reinforced by the undistinguished visitor car park from where it is a short walk to the nondescript single story reception building.

    There is also (perhaps unusually for a government chemical weapons research centre) a bus stop next to the main gate, from where you can get the number 66 to Salisbury.

    So on my first visit in 2002 I made that short walk from the visitor car park to the reception and announced myself. I was pleased to find I was expected and looked into the security camera as bidden. After a hard stare from the receptionist I was issued, on that my first day, with a temporary pass. On it was written: “MUST BE ACCOMPANIED AT ALL TIMES” in bright red.

    My contact, Dawn, arrived and led me through the main gate where security started to become more obvious. An armed policeman gave us a small nod as we passed through, his hands staying firmly on the machine gun strapped to his chest. Dawn paid little attention other than a brief hello and we were inside, heading to the headquarters.

    It was from here that the management of Porton Down organised the programmes of testing which had ultimately resulted in my presence there – to research the health effects of chemical experiments on humans.


    The Insights section is committed to high-quality longform journalism. Our editors work with academics from many different backgrounds who are tackling a wide range of societal and scientific challenges.


    Since its inception in 1916 it has researched chemical weapons, protective measures against chemical weapons, and has recruited over 20,000 volunteers to participate in tests in its research programmes.

    Hut 42 – opening the archive

    This archive was opened to my colleagues and I after previously being firmly hidden from public view. This shift in approach was the result of government approval for a study into the long-term health of the human volunteers. The action was triggered by complaints from a group of people who had been tested on and who claimed their health had been damaged as a result.

    The government was also keen to ward off accusations of cover ups. In 1953 Ronald Maddison, a young RAF volunteer, died in a nerve agent experiment at the site. The original inquest was held in secret and returned a verdict of misadventure. But in 2004 the government ordered a second, public, inquest.

    This, along with a police investigation into the behaviour of some of the Porton Down scientists persuaded the government to fund independent research into the health effect of the experiments.

    A research group from the department of public health at the University of Oxford won IS WON RIGHT WORD? sk I was part of that group. Porton participated fully and opened its doors and archive to the project. I went ahead of the research team to deal with the practicalities of gaining access. My first task was to set up an office. So Dawn led me onwards to the building that had been put aside for our use.

    We passed into the inner, more secure, area. This part of Porton Down was where the main scientific work was carried out. This inner secure area was surrounded by a high chain link fence and there was one principal entry point, next to a guard room.

    Inspecting our passes was another armed MoD police officer. Alerted by my red pass he was all for barring my way until Dawn stepped in. Now vouched for, we were waved through and passed onwards to the building that would become my home for the best part of three years – hut 42.

    ‘People had neat handwriting then’

    Hut 42 was a nondescript redbrick, single-story building, which sits next to the main library and information centre and from the outside could be mistaken for a school boiler room. In it were five desks and several metal filing cabinets closed with combination locks.

    Our purpose there was to study the historical archive, including the handwritten books of experiment data. We then transferred that material into a database for later analysis. This process took four people two years of hard work, but we were lucky.

    Porton Down’s record keeping was excellent. Early on I had worried that handwritten records would be hard to decipher and had asked a Porton Down librarian whether they would be legible. “Definitely”, was the reply. “People had neat handwriting then. It’s the records from the 1970s you’ll have to watch. They’re dreadfully scrappy,” he said.

    And so it was proved. The records of tests from an era before computers, carried out with substances such as mustard gas, were routinely neatly and clearly documented.

    Porton Down experiment book, showing drop tests to the arms during one of the first nerve agent tests.

    A picture of a page in one of the experiment books on which is recorded the first nerve agent test for Tabun on April 10, 1945.
    Thomas Keegan

    I met Porton Down’s resident medical doctor in the archive to start discussing the nature of the experiments. Simon (not his real name) was in his mid-thirties with boyish curly hair and an anorak. “You’ll find everything you’ll need in here, in these cupboards,” he said. “First, I’ll show you how to open the cupboard. It’s like this”, he said. “A five number combination. Five times anticlockwise to reach the first number, four times clockwise for the second, three times anticlockwise for the third and so on.”

    There was a pause while he demonstrated. “Sometimes they can be a bit sticky”, he said after the first attempt. He got the cupboard open on the second try.

    The archive was a mixture of handwritten experimental and administrative records. The administrative records were essentially lists of attendees with dates and personal characteristics such as age. The experimental records reported the results of the tests with people in a variety of ways. Some were in the form of descriptive text, others used pictograms to record the site visually, for example where a drop of mustard gas was placed on the skin. Many contained tables of data, all hand drawn and as legible as if they had been printed. Our cupboards contained around 140 such books spanning a period from the start of the second world war to the end of the 1980s.

    The story the records told was a fascinating one.

    In the 50 years following the outbreak of the second world war, Porton Down encouraged over 20,000 men, nearly all members of the UK armed forces, to take part in experiments at the site.

    These men (the regular armed forces had yet to admit women) took part in a programme of tests that ran from experiments using liquid mustard “gas” dropped onto bare skin to inhalation of nerve agents. There were also tests with antidotes and other gasses and liquids too.

    Chemical experiments

    The records show that between 1939 and 1989, over 400 different substances were tested at Porton. Mustard gas, sarin, and nitrogen mustard were frequently tested. These chemicals are known as “vesicants” for their ability to cause fluid filled blisters (or vesicles) on the skin or any other site of contact. First world war soldiers were familiar with the horrors of this gas, which was first used by Germany at the Battle of Ypres in 1915. John Singer Sergeant’s powerful painting Gassed expressed the effect of mustard gas on soldiers exposed in the trenches.

    Other major chemical tests were riot control agents, such as CS and CR, these being the only chemicals tested that have been used by UK forces in peacetime, their purpose being crowd control.

    Mostly, we were kept far away from anything other than paper records. As Britain had given up its chemical arsenal and any offensive capability in the 1950s, there was, as Simon had explained, no stores of chemical agents at Porton Down, except of course, small amounts of those that were needed to test human defences. By a circuitous route however, I came nearer to some than I was expecting.

    ‘Would you like a sniff?’

    Hut 42, was not, it turned out, wholly for our use. While some Porton staff shared access to the archive and popped in now and then to examine records and take photocopies, the building had one other permanent resident – Porton Down’s in-house historian Gradon Carter. Carter was in his late 70s and had worked at Porton Down as an archivist for more than 20 years. He prided himself on knowing more than anyone alive about the history and administration of the institution.

    He wore tweed and had the air of a world weary Latin master, but rather than the accoutrements of his trade being Latin textbooks, his were the paraphernalia of chemical warfare. Around his desk were examples of gas masks from various periods of history, and on the wall, posters inviting people to “always carry your gas mask”.

    One of his exhibits was a box, about the size of a packet of breakfast cereal, which contained glass phials, each carefully labelled with the contents. These included mustard gas, lewsite and phosgene.

    The box was from the 1940s. It was a training tool to help troops recognise different gasses on the battlefield. “Would you like a sniff of mustard?”, he offered. It so happened I did. Nearly 60 years after it was first bottled, I can report that Carter’s mustard gas had very little smell, but I was reluctant to get close to test any of its other properties. He re-corked it. “Some lewisite?” he suggested.

    Lewisite was produced in 1918 for use in the first world war but its production was too late for it to be used. Another vesicant, it causes blistering of the skin and mucous membranes (eyes, nose, throat) on contact.

    I declined Carter’s kind offer.

    Other chemicals appeared in the records less frequently. There were the lovely vomiting agents, which are designed to winkle their way under your gas mask to make you sick, which will make you take off your gas mask making you vulnerable to the next wave of attack by, for example, nerve agents.

    These agents were relatively standard members of a chemical arsenal. In an effort to expand its horizons, Porton Down opened its collective mind in the early 1960s to the usefulness of psychedelics in warfare and tested LSD for its potential as a disruptor of enemy military discipline.

    The tests showed that troops became unable to put up much of a fight, but ultimately the chemicals were rejected as means of mass disruption. You can see a video of a test at Porton Down with LSD below.

    In the video, a troop of Royal Marines can be seen taking part in an exercise during which they are given LSD. Not long afterwards the men become barely capable of military action and seem to find almost everything funny. One man seems not to know which end of a bazooka to point at the enemy.

    The most commonly tested substances at Porton, according to our data, were mustard gas, lewisite and pyridostigmine (more of which later) with thousands of tests undertaken. Less frequently tested were a basket of chemicals including sodium amytal (a barbiturate) and more strangely perhaps, 49 tests with pastinacea sativa – the irritant wild parsnip.

    Not all men who took part in tests did so with chemical agents. Many visited Porton Down and were “tested” with substances that were not intended to be harmful but which must have been providing useful information of some kind. Some people were tested with “lubricating oil” (498 people) and “ethanol” (204 people). Many tests were with protective equipment such as materials for protective suits and with respirators.

    Nerve agent tests

    Around 3,000 people were tested with nerve agents. The number of nerve agents tested was not extensive, with six principal agents recorded. These were tabun, (known as GA), soman (GD), sarin (GB), cyclo sarin (GF), and methylphosphonothioic acid (VX).

    The period of nerve agent research ran from the early postwar period to the late 1980s, and coincided with the cold war, when military tension between the Nato countries and the USSR was high.

    The archive was rich in information on these tests. The records included detail of the time and place of each test along with details of who took part, noting both staff and volunteer participants. Records on the early tests are especially revealing.

    Chambers like this were used to carry out tests on nerve agents.
    Thomas Keegan

    For example, in 1945 nerve agents were not yet known to Porton Down scientists. They had come close to discovering nerve agents when they had worked on PF-3, a chemical of the same organophosphate type as the nerve agents, but they had not thought it sufficiently toxic.

    However, these agents were well known to German scientists, and to the German military who weaponised them during the second world war. Despite fears to the contrary, gas was not used in the fighting, though Germany had clearly prepared for chemical warfare.

    Nazi agents and gin and tonic

    Advancing US forces moving through Germany came across stockpiles of artillery shells in a railway marshalling yard near Osnabrück that contained suspicious liquids. The markings on the shells – a white ring on one type and green and yellow rings on the other – were new to the Americans. The shells were sent to the US and Porton Down for investigation.

    After initial analysis, Porton scientists found that the shells with the white ring contained tear gas. The other contained an unknown substance (later it would be named tabun).

    Tabun is one of the extremely toxic organophosphate nerve agents. It has a fruity odour reminiscent of bitter almonds. Exposure can cause death in minutes. Between 1 and 10 mL of tabun on the skin can be fatal.

    On April 10 1945, after some laboratory tests, the scientists decided to test the new chemical on people. In fact, as Carter pointed out to me, disaster could have struck immediately as the first nerve agent to arrive at Porton for testing was transported to the lab in a test tube stoppered only with cotton wool.

    Thinking this was a new variety of mustard gas, they placed drops on the participants’ skin. The scientists also placed drops in the eyes of some rabbits. The records show that before any serious effect to the humans could be noted one of the rabbits died, giving the scientists running the tests a fright.

    The chemical was quickly wiped off the men’s arms and the test ended there. According to a brief memoir supplied by Carter, Dr Ainsworth (who was involved in the tests) said that Captain Fairly (the Porton scientist being tested on) had been shaken by the experience but recovered “after a stiff gin and tonic in his office”.

    This sporting attitude to self-testing was not uncommon among scientists, however. Dr Ainsworth later tested a method for reducing the effect of a splash of nerve agent on the skin which involved a tourniquet and opening a vein – something he thought worked well.

    But he was used to the pioneering methods of the day. “Taste this,” the pharmacologist John (later Sir John) Gaddum had ordered on one previous occasion. Dr Ainsworth sipped the liquid offered and reported that it tasted a little like gin. “That’s strange”, Professor Gaddum said. “I can’t taste anything. It’s diluted lewisite and the rats simply won’t drink it.”

    Back at the wartime testing lab they were keen to find out more about what was now understood to be a new type of chemical agent developed by German scientists and weaponsied by their armed forces. The following week, ten people were exposed in a chamber, at the higher concentration of 1 in 5 million. In the pioneering spirit not uncommon at Porton, four of the subjects: Commandant Notley, Major Sadd, Mr Wheeler and Major Curten were Porton staff. Major Curten reported having a tightness of chest, and a slight contraction of the pupils, unlike the commandant who had no reaction but thought the gas smelled of boiled sweets.

    An undated photograph of the southern end of the Porton Down campus showing the bus stop outside. The grey building is thought to be one of the exposure chambers.
    Thomas Keegan

    Later that morning the scientists had another go, this time at a higher concentration, 1 in 1 million. The symptoms were now more noticeable, with more than one person vomiting and others needing treatment the following day for the persistent symptoms of headaches and eye pain.

    Given what we have since learned about tabun, it seems at the very least cavalier of the scientists to conduct these tests on themselves and others. They were were lucky not to have been seriously injured or even killed, but those were the risks they seemed willing to take.

    Fatal consequences

    The last entries in the archive for nerve agent tests were for 1989 so newer compounds such as novichok, used in an attempted assassination in nearby Salisbury, were not included. One later nerve agent tested in the 1960s was VX, then a scarily potent new nerve agent.

    According to the Centers for Disease Control in the US, VX is one of the most toxic of the known chemical warfare agents. It is tasteless and odourless and exposure can cause death in minutes. As little as one drop of VX on the skin can be fatal.

    It was not developed into a weapon by the UK, as by then it had abandoned an offensive capability, but tests were carried out on a relatively small number of volunteers. I mentioned VX to Carter. He recalled that the first sample of VX was first discovered, accidentally, at an ICI chemical factory in the UK and sent to Porton in the regular post. Luckily, nobody was exposed.

    In one notorious episode however, the tests of nerve agents on humans did not go as expected.

    As I referred to earlier, in 1953, during an early nerve agent experiment, the young airman, Ronald Maddison died. Testing was paused at Porton after an inquiry by the eminent Cambridge academic Lord Adrian and limits on exposures were set after resumption in 1954. A second inquest into the death returned a verdict of unlawful killing in 2004.

    While no charges were made against the scientists involved, the Ministry of Defence agreed to pay Maddison’s family £100,000 in compensation.

    One of the founders of the Porton Down Veterans Group, Ken Earl was in the same experiment. He remembered vividly being in the same chamber as Maddison, and while not affected seriously at the time, felt his health issues later in life were directly related to the test. In an interview with the BBC, he attributed the many health problems he suffered through his life, including skin conditions, depression and a heart irregularity, to his experience at Porton Down.

    Our research could not establish a direct link to the kind of ill health Earl suffered. But our data on the short-term effects did show a good deal about the immediate aftermath of a nerve agent exposure, similar to the type Earl experienced.

    The physiological effect of exposure to nerve agents varies greatly between individuals as our previous research has shown. The strength of symptoms varies too. Five of the six participants in the same test as Maddison did not report adverse effects other than feeling a bit cold.

    However, tests before this had shown that certain effects were consistently seen with nerve agent exposures. In July 1951 six people participated in a test with soman. The lab book notes:

    5/5 experienced pain in eyes, blinker effect and blurred vision 30 minutes after exposure (these symptoms continued for 24 hours). 1 participant vomited 4 hours after exposure. 2 participants vomited 24 hours after exposure. Eye pain and vision improved after 48 hours but not normal – return to normal after 5 days. 4/5 given multiple doses of atropine.

    While these effects must have been unpleasant, it is also shown that participants in nerve agent tests had between one and two “exposures”. Those in tests with other chemicals such as mustard gas may have had many.

    To further regulate exposures, strict limits on the amount of nerve agent allowed in tests were imposed after Maddison died. The levels of exposure typically experienced by servicemen induced: pinpoint pupils (miosis), headaches, a tightness in the chest and vomiting. These symptoms recur many times in the records, as does documentation of the drugs used to treat them, typically atropine and pralidoxime.

    A new era

    Despite the range of agents which have been developed, chemical weapons have rarely been used by states in conflict, perhaps held back by adherence to the Chemical Weapons Convention or by their difficulty of use.

    Despite this they were used by Iraq (not then bound by the CWC) in the Iran-Iraq war (1980-88), who used mustard gas and tabun against Iranian troops. They have also been used by states against civilians – for example by Iraq against its Kurdish population and more than once by Syria against its civilian population between 2014 and 2020.

    In 2017, North Korean agents used VX to assassinate Kim Jong-nam, North Korean leader Kim Jong-un’s half-brother in Kuala Lumpur, Malaysia. And more recently the Russian opposition leader Alexei Navalny was poisoned with a nerve agent. He later recovered only to die in a Russian prison in early 2024.

    These are not just remote threats. As I previously noted, a particularly high-profile example of a state using a chemical weapon to kill someone took place in the UK in 2018 when it is alleged that the Russian state tried to kill an ex-KGB spy using small quantities of the then new and especially toxic nerve agent Novichok.

    Sergei Skripal, the intended victim, and his daughter Yulia survived the attack.

    A public inquiry heard how the Skripals were found slumped in a park in Salisbury. While the presence of nerve agents was not at first suspected, the emergency services noted how the Skripals suffered from a range of symptoms including pinprick pupils, muscle spasms and vomiting. For those experienced with nerve agents these symptoms are typical.

    But these symptoms were not known to Nick Bailey, a detective sergeant who had been assigned to check over a house in Salisbury, home to the two people that had recently been found collapsed. This should have been routine but the first indication to DS Bailey that something was amiss was when he looked in the mirror.

    His pupils, normally wide open at this time of night, had shrunk into pinpricks. He was also beginning to feel very strange. But it was when Bailey’s vision fractured and he vomited that he knew something was seriously wrong.

    It would later become clear that the agents sent to kill Skripal had sprayed the liquid nerve agent onto the door handle of the Skripal house. Sergei and his daughter both used the handle and were poisoned. So was Bailey, who had closed the door and locked it after his checks on the house later that evening.

    Four months later, the boyfriend of Dawn Sturgess found a discarded perfume bottle in nearby Amesbury, picked it up and then later gave it to her as a present. Neither could have imagined it had been used to bring Novichok to Salisbury and left behind by the attackers. Sturgess died after spraying the contents onto her skin. Her boyfriend survived.

    It was in partnership with experts at Porton Down that the local health services were able to treat the victims. According to the inquiry, a key challenge was for the hospital to work out what had poisoned the Skripals so they could treat them effectively. Porton Down worked nonstop to determine what type of nerve agent had been used. Once the cause was known the hospital was able to save the Skripals’ lives.

    That Porton Down is situated just a few miles from Salisbury where the Novichok attack took place was probably useful to those treating victims. The Russian state however, used this proximity to try to muddy the waters of accountability for the poisoning, but there seems little doubt that blame for the nerve agent poisoning lies with Russia.

    Despite the efforts of those agents, five out six people poisoned with Novichok survived, not unscathed perhaps, but alive. That they did so is in some way the result of the expertise and knowledge gained over years of nerve agent research at Porton Down.

    It seems clear that the more information about the effects of nerve agent exposure that are known outside specialist research circles the better. Though nerve agent attack is extremely rare the events in Salisbury and Amesbury have shown they are not impossible.


    For you: more from our Insights series:

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    The research study that took Thomas Keegan to Porton Down was led by the University of Oxford and funded by the Medical Research Council.

    ref. Inside Porton Down: what I learned during three years at the UK’s most secretive chemical weapons laboratory – https://theconversation.com/inside-porton-down-what-i-learned-during-three-years-at-the-uks-most-secretive-chemical-weapons-laboratory-248376

    MIL OSI – Global Reports

  • MIL-OSI Global: Trump’s art of the deal horrifies Ukraine and its allies

    Source: The Conversation – UK – By Jonathan Este, Senior International Affairs Editor, Associate Editor

    Browse through Donald Trump’s ghostwritten memoir, The Art of the Deal, and you’ll come across an aphorism which will go some way to explaining the US president’s approach to negotiating. Having established that he would do nearly anything within legal bounds to win, Trump adds that: “Sometimes, part of making a deal is denigrating your competition.”

    It’s an idea which makes a lot of sense when you consider Trump’s record. We saw it time and again on the campaign trail, as he sought to seal the deal with the US public by repeatedly denigrating first Joe Biden and then Kamala Harris. Which begs the question, in seeking to make a deal to end the war in Ukraine, exactly who he sees as the competition he needs to denigrate: Vladimir Putin or Volodymyr Zelensky?

    Trump has certainly gone out of his way to excoriate the Ukrainian president over the past day or two, both in public and on his TruthSocial platform. He has variously blamed Zelensky for starting the war, called him a “dictator without elections” and a “modestly successful comedian … very low in Ukrainian polls” who “has done a terrible job, his country is shattered, and MILLIONS have unnecessarily died”.

    Putin, meanwhile, takes a rather different view of how to seal a deal with the US president. Far from denigrating Trump, he has set out to charm the flattery-loving president with a view to driving a wedge between the US and Europe, claiming that EU leaders had “insulted” Trump during his election campaign and insisting that “they are themselves at fault for what is happening”.


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    The Russian president will be well pleased with the events of the past week or so. After three years of increasing isolation under the Biden presidency, he’s now back at the top table with the US president – two powerful men discussing the future of Europe.

    For the man who, in 2005, complained that the collapse of the Soviet Union had been “the greatest geopolitical catastrophe” of the 20th century, to be back deciding the fate of nations is a dream come true, writes James Rodgers of City St George’s, University of London.

    Rodgers, a former BBC Moscow correspondent, observes that Putin has fulfilled this mission having “conceded not an inch of occupied Ukrainian territory to get there. Nor has he even undertaken to give back any of what Russian forces have seized since the full-scale invasion of Ukraine three years ago.”

    Not only that, but Putin also appears to have enlisted US support for one of the key objectives that encouraged him to invade Ukraine in the first place: preventing Ukraine from joining Nato. That much was clear from the US defense secretary Pete Hegseth’s speech to European defence officials last week. The views of Washington’s European allies (and of the Biden administration) – that Ukraine’s membership of Nato is a matter for the alliance members to decide with Ukraine as a sovereign state in control of its own foreign policy – don’t appear to matter to Trump and his team.




    Read more:
    Ukraine peace talks: Trump is bringing Russia back in from the cold and ticking off items on Putin’s wish list


    Meanwhile, Trump’s policy volte-face over Ukraine and, more broadly, European security in general has driven a dangerous wedge between the US and its allies in Europe. France’s president, Emmanuel Macron, responded by convening a meeting on Monday of the leaders of what the French foreign minister, Jean-Noël Barrot, described as “the main European countries”. This turned out to include Germany, the UK, Italy, Poland, Spain, the Netherlands and Denmark, as well as the Nato secretary-general and the presidents of the European Council and European Commission.

    Passing over the question of how the leaders of the Baltic states felt about this, given they all share a border with Russia (as does Finland) and presumably are well aware of the vulnerability of their position, the fact is Europe is deeply divided over its response to the situation.

    As Stefan Wolff observes, the Weimar+ group of countries that met in Paris only represent one shade of opinion within the EU. Meanwhile, Hungary’s prime minister, Viktor Orbán, is openly scathing about European efforts to support Ukraine, posting on X: “While President @realDonaldTrump and President Putin negotiate on peace, EU officials issue worthless statements.”

    Wolff, an expert in international security at the University of Birmingham, notes that disrupting European unity is a stated aim of the Project 2025 initiative which has guided, if not Trump himself, many of his close advisers. The past week, taking into account both Hegseth’s meeting with European defence ministers and the subsequent appearance by the US vice-president, J.D. Vance, at the Munich Security Conference, has gone a fair way down the path towards achieving that disruption.

    At the same time, Vance’s lecture to the conference – during which he was heavily critical of Europe as “the enemy within” which was undermining democracy and threatening free speech – will have united most of those present in anger and dismay at his remarks.




    Read more:
    Europe left scrambling in face of wavering US security guarantees


    Constitutional matters

    Trump has declared that Zelensky is a “dictator” because he cancelled last year’s election in Ukraine. In fact, Ukraine’s constitution provides that elections are prohibited during periods of martial law. And martial law has been in force since the day of the invasion on February 24 2022.

    Lena Surzhko Harned, a professor of political science at Penn State University, writes that the delegitimisation of Zelensky is a tactic Putin has been striving for from the very start. The Kremlin has pushed the narrative that there is no legitimate authority with which to negotiate a peace deal, and that Zelensky’s government is “illegitimate”.

    “What Putin needs for this plan to work is a willing partner to help get the message out that Zelensky and the current Ukraine government are not legitimate representatives of their country,” writes Harned. “And into this gap the new US administration appears to have stepped.”

    Despite Zelensky still enjoying relatively strong support in recent opinion polls, an election campaign in the middle of this conflict would be a needlessly divisive exercise. And that’s before you consider the potential for Russian interference, which would be seriously debilitating for a country fighting for its survival.

    Putin knows all this – and he also knows by framing the issue in a way that suggests Ukraine is dragging its feet over peace, he will enjoy a propaganda coup. And that’s what he is doing, with the apparent support of the US president.




    Read more:
    In pushing for Ukraine elections, Trump is falling into Putin-laid trap to delegitimize Zelenskyy


    Another way Putin hopes to discredit the Ukrainian leadership is by deliberately excluding it from the talks – at least for the present. Zelensky has said, with the support of his European allies, that there can be no deal without Ukrainian participation.

    It’s easy to see why Zelensky and his allies are so adamant that they should be involved, writes Matt Fitzpatrick, a professor of international history at Flinders University. History is littered with examples of large powers getting together to decide the fate of smaller nations that have no agency in the division.

    Three such shameful debacles determined the history of much of the 20th century – and not in a good way. The Sykes-Picot agreement divided the Middle East between British and French spheres of influence, and sowed the seed for discord which continues to this day. The Munich conference of 1938, at which the fate of Czechoslovakia was decided without any Czech input, showed Adolf Hitler that naked aggression really does pay. And having failed to learn from either of these, in 1945 the Big Three (Russia, the US and Britain) got together at Yalta to carve up Germany, thereby setting the scene for the cold war.




    Read more:
    Ukraine isn’t invited to its own peace talks. History is full of such examples – and the results are devastating


    Deal or no deal

    One of Trump’s assertions this week has been that Zelensky had his chance to strike a deal and avoid all the bloodshed and much of the territorial loss suffered by Ukraine in the three years of war. Reacting to questions about why Zelensky or any Ukrainian diplomats hadn’t been involved in the talks, he scoffed: “Today I heard: ‘Oh, well, we weren’t invited.’ Well, you’ve been there for three years … You should have never started it. You could have made a deal.”

    Stephen Hall, who specialises in Russian and post-Soviet politics at the University of Bath, recalls the early talks in the spring of 2022. He says that the idea – also floated in the press by several commentators – that Ukraine should have concluded a peace deal in March or April of 2022 after talks in Istanbul is absurd.

    While there was momentum for peace, particularly on Kyiv’s part, the two sides were a long way apart on issues such as the size of Ukraine’s military and the fate of territories such as Crimea. “Had Ukraine done a deal based on the Istanbul communique, it would have essentially led to the country becoming a virtual province of Russia – led by a pro-Russian government and banned from seeking alliances with western countries,” Hall writes.




    Read more:
    Ukraine war: the idea that Kyiv should have signed a peace deal in 2022 is flawed – here’s why


    And in any case, back then there was scant support among Ukraine’s allies in Europe and the Biden White House for appeasing Putin by offering him concessions in return for aggression. But that’s now history. Trump and his team appear to have already granted the Russian president some of his dearest wishes before the negotiations proper have even started.


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    ref. Trump’s art of the deal horrifies Ukraine and its allies – https://theconversation.com/trumps-art-of-the-deal-horrifies-ukraine-and-its-allies-250461

    MIL OSI – Global Reports

  • MIL-OSI Global: Ukraine war: the idea that Kyiv should have signed a peace deal in 2022 is flawed – here’s why

    Source: The Conversation – UK – By Stephen Hall, Lecturer (Assistant Professor) in Russian and Post-Soviet Politics, University of Bath

    It has been an eventful and, for Ukraine and its European allies, alarming past week or so. First they heard that the US president, Donald Trump, had spent 90 minutes on the phone with his Russian counterpart, Vladimir Putin. In one stroke, Trump upended three years in which his predecessor, Joe Biden, had sought to isolate Russia after its full-scale invasion of Ukraine.

    On the same day, February 12, Trump’s newly installed secretary of defense, Pete Hegseth, told a gathering of senior defence officials in Brussels that Europe would no longer be the primary focus for US security policy, and that Ukraine could not hope to regain the territory Russia had illegally occupied since 2014, nor join Nato.

    Hegseth added that not only would the US not contribute to any peacekeeping force in Ukraine in the event of a peace deal, but that any European peacekeeping operation would not be done under the protection of Nato’s Article 5.

    This was soon followed by the US vice-president, J.D. Vance, telling the Munich Security Conference that it was Europe, not Russia or China, that was the main security threat – the “enemy within” that fostered anti-democratic practices and sought to curtail free speech.

    This week, a US team led by the secretary of state, Marco Rubio, sat down with their Russian opposite numbers led by the foreign minister, Sergei Lavrov, to discuss peace negotiations. Ukraine was not represented. Nor was Europe. Following that, and perhaps taking his cue from Hegseth, Lavrov declared that Russia would not accept any European peacekeepers in Ukraine – deal or no deal.

    Meanwhile, Trump has taken to his TruthSocial media platform to repeat several favourite Kremlin talking points. Ukraine was responsible for the war, he said. Its president, Volodymyr Zelensky, was a “dictator” who had cancelled elections, and whose popularity with his own people was now as low as 4% (it’s actually 57%, at least 10 points higher than Trump’s rating in the US).

    Trump also mocked Zelensky’s concern at his country’s exclusion from the Riyadh talks, telling reporters: “Today I heard: ‘Oh, well, we weren’t invited.’ Well, you’ve been there for three years … You should have never started it. You could have made a deal.”

    This leads us back to the Istanbul communique, produced at the end of March 2022 after initial peace talks between Russia and Ukraine in Antalya, Turkey. Some US commentators have suggested Ukraine could now be better off had it signed this deal.

    Istanbul communique

    What happened in Istanbul, and how close Russia and Ukraine were to an agreement, has been hotly debated, with some arguing a deal was close and others refuting this.

    Ukraine reportedly agreed to a range of concessions including future neutrality, as well as giving up its bid for membership of Nato. Russia, in turn, would apparently have accepted Ukraine’s membership of the EU. This concession, incidentally, is still on the table.

    But there were sticking points, primarily over the size of Ukraine’s armed forces after a deal – Kyiv reportedly wanted 250,000 soldiers, the Kremlin just 85,000 – and the types of weaponry Ukraine could keep in its arsenal.

    There were also issues about Ukraine’s Russian-occupied territory, particularly Crimea – this was projected to be resolved over 15 years with Russia occupying the peninsula on a lease in the meantime. Another Kremlin demand was for Zelensky to stand down as president, with the presidency being taken up by the pro-Russian politician Viktor Medvedchuk.

    Negotiations continued through April 2022, only to break down when Russian atrocities were reported in Bucha, a town Ukrainian troops had retaken as part of their spring counter-offensive. But the fact is, an agreement was never really close.

    The UK’s former prime minister, Boris Johnson, has taken much flack over reports that he urged Zelensky not to accept the deal. But there was never a realistic chance this deal would be acceptable to Ukraine. A neutral Ukraine with a reduced military capacity would have no way to defend itself against any future aggression.

    Had Ukraine done a deal based on the Istanbul communique, it would have essentially led to the country becoming a virtual province of Russia – led by a pro-Russian government and banned from seeking alliances with western countries. As for joining the EU, it was the Kremlin’s opposition to Kyiv’s engagement with the EU in 2013 which provoked the Euromaidan protests and led to Russia’s initial annexation of Crimea the following year.

    What next?

    Kyiv signing the Istanbul communique may have quickly stopped the war and the killing. But the Kremlin has repeatedly shown it cannot be trusted to adhere to agreements – you only have to look at the way it repeatedly violated the Minsk accords of 2015, which attempted to end hostilities in eastern Ukraine.

    Further, a deal that rewards Russian aggression by agreeing to its taking of territory and demanding the neutrality of the victim would undermine global security, and encourage other illegal foreign policy adventurism.

    If the Trump administration has the blueprint of a fair peace deal, it’s hiding it well at this point. Instead, European leaders have been put in a position where they must face the prospect of having to fund Ukraine’s continued defence, while coping with a US retreat from its security guarantees for Europe as a whole.

    Either that or, as my University of Bath colleague Patrick Bury wrote on X this week, accept some pretty dire consequences.

    Europe is facing a crisis that it could have prepared for after Russia’s full-scale invasion of Ukraine in 2022. With Trump back in power, the relationship between the US and Europe appears increasingly fractured. But Europe too is bitterly divided over how to approach this crisis.

    Britain and France initially talked up the idea of providing troops as peacekeepers in Ukraine – but Germany adamantly refused to go along with that plan. Both Emmanuel Macron and Keir Starmer have since rethought the idea (although there is a report that the UK prime minister has considered a scheme for a 30,000-strong “monitoring force” away from the ceasefire line).

    The Kremlin reacts to signals. While it was clearly preparing for the invasion in late 2021, Joe Biden’s statement that he would not send troops to defend Ukraine showed the limits to US involvement. A message that Europe is prepared to dispatch peacekeepers to Ukraine now would send a strong signal to Putin – and the Trump administration – that Europe is serious.

    Stephen Hall 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. Ukraine war: the idea that Kyiv should have signed a peace deal in 2022 is flawed – here’s why – https://theconversation.com/ukraine-war-the-idea-that-kyiv-should-have-signed-a-peace-deal-in-2022-is-flawed-heres-why-250423

    MIL OSI – Global Reports

  • MIL-OSI Global: German election: why most political parties aren’t talking about the climate crisis

    Source: The Conversation – UK – By Vera Trappmann, Professor in Comparative Employment Relations, University of Leeds

    MDV Edwards/Shutterstock

    After months of wrangling over public debt and spending decisions, the German government collapsed in November 2024. Among the many disagreements between the parties which made up the governing coalition was how to pay for measures to combat climate change.

    Seeking to take advantage of disillusioned voters (who in recent years showed record support for the Greens), populist parties have since cast doubt on the idea of tackling environmental issues at all.

    Alternative für Deutschland (AfD), for example, the rightwing party which denies the existence of man-made climate change, has raised concerns about energy security and the economic cost of green alternatives.

    If the AfD’s broader aim was to take green issues off the political agenda, the plan appears to be working. In the run-up to the general election on February 23 2025, migration and the economy are the most important issues for voters (each on 34%), with climate change lagging far behind (13%).

    Nor has the environment been a priority in the parties’ election campaigns. In the first TV debate between the chancellor, the social democrat Olaf Scholz, and his most likely successor, the conservative Friedrich Merz, the topic was ignored almost entirely. A lack of political will and fear of losing voters appear to have relegated environmental policies to the sidelines.

    Others want it back at the top of the agenda. Germany’s foreign intelligence service, for example, describes the climate crisis as one of the major risks facing the country, alongside terrorism and war.

    Business associations have urged the next government to address climate change mitigation for the sake of German jobs. The Federation of German Industries has demanded an increase in public spending on climate change of as much as €70 billion (£58 billion). Younger voters have called for a nationwide protest to bring the subject back into politicians’ minds.

    So have German voters really become sceptical about dealing with climate change?
    In a recent study, we found that people who planned to vote for the AfD and the leftwing populist BSW party are indeed sceptical of the need for far-reaching climate policies.

    Among voters of these two parties, only 23% (AfD) and 41% (BSW) think that an energy transition is necessary to achieve national climate goals. For Green party voters that figure is 93%, and for SDP supporters it’s 83%.

    Voters across the political spectrum have different priorities when it comes to energy supply. For populist party supporters, energy costs trump everything, with only 12% of AfD and 20% of BSW voters considering low emissions important.

    These voters are also less likely to assume the energy transition would have positive effects on jobs, and are more likely to fear rising energy costs and security of supply. In short, they are afraid of the social and economic consequences of the energy transition. It is this fear that the far right appears to have been able to mobilise.

    Climate costs

    Our results are backed up by other research which shows that poorer voters are concerned about the potential costs associated with net zero ambitions.

    There is also uncertainty about the possible effects on employment. Many people in Germany believe there will be job losses in their local community as a result of the transition to green energy, and 25% worry they will lose their job.

    Climate change protest in Berlin in 2024.
    D Busquets/Shutterstock

    While these results may seem gloomy, we also found majority support – even among AfD voters – for climate change policies where communities benefit financially from local renewable energy projects, and where citizens feel they have more of a voice in how the energy transition comes into effect.

    People want to be heard and participate in a potential transformation. Previous research in psychology has shown that participating in processes and a perception of fairness can increase acceptance.

    Research also shows that people fear the effects of climate policies on their personal finances, and that these perceived costs inhibit environmentally friendly behaviour.

    But the climate crisis won’t go away, no matter who governs Germany in the coming years. More “once-in-a-century” floods and droughts will hit the nation and bring the climate crisis back to the top of the political agenda.

    When this happens, politicians need to ensure they have a positive and credible vision of the future ready to present to voters – where the costs are shared fairly. This will make it harder for populist parties to play on economic worries, and easier to persuade German voters to prioritise the climate crisis.

    Vera Trappmann receives funding from Hans Böckler Foundation

    Felix Schulz receives funding from the Hans-Böckler-Foundation.

    ref. German election: why most political parties aren’t talking about the climate crisis – https://theconversation.com/german-election-why-most-political-parties-arent-talking-about-the-climate-crisis-249731

    MIL OSI – Global Reports

  • MIL-OSI Global: Canada, Greenland, Panama, Gaza and now Ukraine: Wake up, world, Donald Trump is coming for you

    Source: The Conversation – Canada – By Jeffrey B. Meyers, Instructor, Legal Studies and Criminology, Kwantlen Polytechnic University

    It’s no longer speculative to ask how the post-Second World War world order, led by the United States, will end. It’s apparently already ended.

    The U.S. has snubbed its NATO partners and Ukraine itself from purported “peace talks” to end the three-year-old war in Europe in favour of direct bilateral talks between American and Russian officials hosted by Saudi Arabia.

    President Donald Trump has actually described Ukraine’s widely admired wartime President Volodymyr Zelenskyy as “a dictator” and falsely claimed he started the war.

    These lies came directly after Vice President JD Vance’s recent broadside against NATO partners at the Munich Security Conference in which he downplayed the threat of Russia and China to the western alliance and suggested instead that liberal centrism was the real threat.

    His remarks were widely regarded as an intervention on behalf of the European far right, particularly far-right political parties in Germany ahead of upcoming elections in that country.

    Dreaming of a Gaza takeover

    Eighty years after the liberation of Auschwitz and 36 years after the fall of the Berlin Wall, we are in the midst of new crimes against humanity, new forms of ethnic cleansing and even, potentially, genocide.

    In a news conference with Israeli Prime Minister Benjamin Netanyahu, Trump mused about an American takeover of the Gaza Strip by removing its occupants to neighbouring countries and developing the region as a seaside resort. This would very likely constitute a war crime.

    Snubbing international law

    Trump’s return to the American presidency marks a normalization of this type of threat.

    Instead of embracing the international rule of law in the post-Second World War spirit of avoiding another devastating global conflict, the U.S. is building new walls rather than tearing them down while at the same time threatening to annex other sovereign nations and amass new territory.

    Trump is obviously unsentimental about America’s longtime allies, including the innermost circle of English-speaking democracies — the U.S., Canada, the United Kingdom, Australian and New Zealand — that make up the Five Eyes intelligence-sharing alliance.

    A group of countries that wouldn’t normally be fussed about the transition from one American president to another is now very nervous about how far Trump is going to go.




    Read more:
    Allies or enemies? Trump’s threats against Canada and Greenland put NATO in a tough spot


    Anarchy, colonialism

    During the first angry weeks of Trump’s second presidency, the U.S. appears to be signalling a return to an anarchic and explicitly colonial imagining of the world. In this regard, Trump’s disdain for the rule of law at home tracks a potentially even greater disdain for the international legal order, one that’s existed since 1945.

    The only real connection between the past and contemporary times predates the American-led post-war order of the past eight decades and harkens further back to America’s imperialist and expansionist past and ideas like Manifest Destiny from more than a century ago.




    Read more:
    How the U.S. could in fact make Canada an American territory


    Trump, not historically much of an imperialist in his rhetoric, has now doubled down on classical imperialist threats as he repeatedly proposes expanding the physical map of the U.S., musing in particular about Greenland, Panama, Canada and now Gaza.

    Greenland holds a strategic interest for the U.S. — there’s already an American airbase on the island — since its location is increasingly important as the Arctic ice melts and amid greater competition from Russia and China.

    Panama has been in America’s imperialistic sights more often than Greenland, and was even invaded by U.S. forces in 1989.

    Canada as a 51st state

    But Canada? At least Trump agreed at a news conference before taking office that military force was off the table. Instead, Canada only had to worry about “economic force” being used to annex it.

    Prime Minister Justin Trudeau has told business leaders that Trump’s talk about annexing Canada is “the real thing,” aimed at obtaining Canada’s critical minerals.

    Trump’s interactions with Denmark, Canada and Panama all demonstrate a disdain for basic principles of the rule of law at the international level, which is underpinned by the sovereignty of states.

    His musings on Gaza, which led United Nations Secretary General António Guterres to warn him specifically against endorsing ethnic cleansing, demonstrate a willingness to break completely with international legal norms.

    He’s not only peacocking on the global stage, he is also telegraphing that he holds international legal norms in even lower esteem than the norms of his own country, where he is a convicted felon. This situation is as alarming as it unprecedented.




    Read more:
    Despite the U.S. Supreme Court’s gift to Donald Trump, he could be barred from Canada as a convicted felon


    America now a threat

    Right now, cognitive dissonance in the form of status quo bias poses a real danger in terms of Trump’s dismissal of the rule of law. This means that folks are somehow convincing themselves that the undoing of the global rules-based order in real time is just a blip; things will somehow ramp down and return to normal.

    But the evidence is glaringly to the contrary.

    Trump is plainly communicating his wishes: a new age of American imperialism. At first few took him seriously. Now we all are. Canada, due to its proximity to and reliance on the U.S., must especially face a new reality in which an American president casually and repeatedly threatens its sovereignty.

    Canada, America’s closest ally in terms of shared language, culture and geography, should be the first and not the last to start believing Trump’s threats to annex it.




    Read more:
    Allies or enemies? Trump’s threats against Canada and Greenland put NATO in a tough spot


    Even when Trump is no longer in office, neither Canadians nor any of America’s other allies can be certain someone just like him will not be returned to power by the U.S. voters. That means America’s western allies, like Canada and Denmark, must learn the lessons Latin American and Middle Eastern countries learned along time ago: America is a threat.

    The Democratic Party must also figure out how it’s going to effectively resist Trump over the next four years.

    Only an American concern?

    Some might ask: Aren’t these American problems for the American people? As Canadians can attest, no. Trump poses grave dangers to the rest of the world due to the unique place the U.S. occupies in the geopolitical system.

    Nothing about Trump’s second presidency bodes well for America’s allies and friends, including Canada.

    A kleptocrat who regards friends and allies as transactional customers and for whom everything is “just business,” including national security, Trump poses an existential threat not only to America, but to the international world order.

    Jeffrey B. Meyers 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. Canada, Greenland, Panama, Gaza and now Ukraine: Wake up, world, Donald Trump is coming for you – https://theconversation.com/canada-greenland-panama-gaza-and-now-ukraine-wake-up-world-donald-trump-is-coming-for-you-248737

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Jennie Lee lecture – Arts for Everyone

    Source: United Kingdom – Executive Government & Departments

    Culture Secretary Lisa Nandy has today (Thursday 20 February 2025) made an inaugural lecture marking the 60th anniversary of the first ever arts white paper.

    In 2019, as Britain tore itself apart over Brexit, against a backdrop of growing nationalism, anger and despair I sat down with the film director Danny Boyle to talk about the London 2012 Olympics Opening Ceremony. 

    That moment was perhaps the only time in my lifetime that most of the nation united around an honest assessment of our history in all its light and dark, a celebration of the messy, complex, diverse nation we’ve become and a hopeful vision of the future. 

    Where did that country go? I asked him. He replied: it’s still there, it’s just waiting for someone to give voice to it.

    13 years later and we have waited long enough. In that time our country has found multiple ways to divide ourselves from one another. 

    We are a fractured nation where too many people are forced to grind for a living rather than strive for a better life. 

    Recent governments have shown violent indifference to the social fabric – the local, regional and national institutions that connect us to one another, from the Oldham Coliseum to Northern Rock, whose foundation sustained the economic and cultural life of the people of the North East for generations. 

    But this is not just an economic and social crisis, it is cultural too.

    We have lost the ability to understand one another. 

    A crisis of trust and faith in government and each other has destroyed the consensus about what is truthfully and scientifically valid. 

    Where is the common ground to be found on which a cohesive future can be forged? How can individuals make themselves heard and find self expression? Where is the connection to a sense of belonging to something larger than ourselves? 

    I thought about that conversation with Danny Boyle last summer when we glimpsed one version of our future. As violent thugs set our streets ablaze, a silent majority repelled by the racism and violence still felt a deep sense of unrest. In a country where too many people have been written off and written out of our national story. Where imagination, creation and contribution is not seen or heard and has no outlet, only anger, anxiety and disorder on our streets.

    There is that future. 

    Or there is us.

    That is why this country must always resist the temptation to see the arts as a luxury. The visual arts, music, film, theatre, opera, spoken word, poetry, literature and dance – are the building blocks of our cultural life, indispensable to the life of a nation, always, but especially now. 

    So much has been taken from us in this dark divisive decade but above all our sense of self-confidence as a nation. 

    But we are good at the arts. We export music, film and literature all over the world. We attract investment to every part of the UK from every part of the globe. We are the interpreters and the storytellers, with so many stories to tell that must be heard. 

    And despite everything that has been thrown at us, wherever I go in Britain I feel as much ambition for family, community and country as ever before. In the end, for all the fracture, the truth remains that our best hope… is each other.

    This is the country that George Orwell said “lies beneath the surface”. 

    And it must be heard. It is our intention that when we turn to face the nation again in four years time it will be one that is more self-confident and hopeful, not just comfortable in our diversity but a country that knows it is enriched by it, where everybody’s contribution is seen and valued and every single person can see themselves reflected in our national story. 

    You might wonder, when so much is broken, when nothing is certain, so much is at stake, why I am asking more of you now.

    John F Kennedy once said we choose to go to the moon in this decade not because it is easy but because it is hard.

    That is I think what animated the leaders of the post war period who, in the hardest of circumstances knew they had to forge a new nation from the upheaval of war. 

    And they reached for the stars.

    The Festival of Britain – which was literally built out of the devastation of war – on a bombed site on the South Bank, took its message to every town, city and village in the land and prioritised exhibitions that explored the possibilities of space and technology and allowed a devastated nation to gaze at the possibilities of the future. 

    So many of our treasured cultural institutions that still endure to this day emerged from the devastation of that war.

    The first Edinburgh Festival took place just a year after the war when – deliberately – a Jewish conductor led the Vienna Philharmonic, a visible symbol of the power of arts to heal and unite. 

    From the BBC to the British Film Institute, the arts have always helped us to understand the present and shape the future. 

    People balked when John Maynard Keynes demanded that a portion of the funding for the reconstruction of blitzed towns and cities must be spent on theatres and galleries. But he persisted, arguing there could be “no better memorial of a war to save the freedom of spirit of an individual”.

    Yes it took visionary political leaders. 

    But it also demanded artists and supporters of the arts who refused to be deterred by the economic woes of the country and funding in scarce supply, and without hesitation cast aside those many voices who believed the arts to be an indulgence.

    This was an extraordinary generation of artists and visionaries who understood their role was not to preserve the arts but to help interpret, shape and light the path to the future.

    Together they powered a truly national renaissance which paved the way for the woman we honour today – Jennie Lee – whose seminal arts white paper, the first Britain had ever had, was published 60 years ago this year. 

    It stated unequivocally the Wilson government’s belief in the power of the arts to transform society and to transform lives.

    Perhaps because of her belief in the arts in and of itself, which led to her fierce insistence that arts must be for everyone, everywhere – and her willingness to both champion and challenge the arts – she was – as her biographer Patricia Hollis puts it  – the first, the best known and the most loved of all Britain’s Ministers for the Arts.

    When she was appointed so many people sneered at her insistence on arts for everyone everywhere..

    And yet she held firm.

    That is why we are not only determined – but impassioned – to celebrate her legacy and consider how her insistence that culture was at the centre of a flourishing nation can help us today. 

    This is the first in what will be an annual lecture that gives a much needed platform to those voices who are willing to think and do differently and rise to this moment, to forge the future, written – as Benjamin Zephaniah said – in verses of fire.

    Because governments cannot do this alone. It takes a nation.

    And in that spirit, her spirit. I want to talk to you about why we need you now. What you can expect from us. And what we need from you. 

    George Bernard Shaw once wrote:

     “Imagination is the beginning of creation. 

    “you imagine what you desire,

    “you will what you imagine – 

    “and at last you create what you will.”

    That belief that arts matter in and of themselves, central to the chance to live richer, larger lives, has animated every Labour Government in history and animates us still. 

    As the Prime Minister said in September last year: “Everyone deserves the chance to be touched by art. Everyone deserves access to moments that light up their lives.

    “And every child deserves the chance to study the creative subjects that widen their horizons, provide skills employers do value, and prepares them for the future, the jobs and the world that they will inherit.”

    This was I think Jennie Lee’s central driving passion, that “all of our children should be given the kind of education that was the monopoly of the privileged few” – to the arts, sport, music and culture which help us grow as people and grow as a nation. 

    But who now in Britain can claim that this is the case? Whether it is the running down of arts subjects, the narrowing of the curriculum and the labelling of arts subjects as mickey mouse –  enrichment funding in schools eroded at the stroke of the pen or the closure of much-needed community spaces as council funding has been slashed. 

    Culture and creativity has been erased, from our classrooms and our communities. 

    Is it any wonder that the number of students taking arts GSCEs has dropped by almost half since 2010? 

    This is madness. At a time when the creative industries offer such potential for growth, good jobs and self expression in every part of our country  And a lack of skills acts as the single biggest brake on them…bar none, we have had politicians who use them as a tool in their ongoing, exhausting culture wars. 

    Our Cabinet, the first entirely state educated Cabinet in British history, have never accepted the chance to live richer, larger lives belongs only to some of us and I promise you that we never ever will. 

    That is why we wasted no time in launching a review of the curriculum, as part of our Plan for Change. 

    To put arts, music and creativity back at the heart of the education system.

    Where they belong. 

    And today I am delighted to announce the Arts Everywhere fund as a fitting legacy for Jennie Lee’s vision – over £270 million investment that will begin to fix the foundations of our arts venues, museums, libraries and heritage sector in communities across the country.

     We believe in them. And we will back them.

    Because as Abraham Lincoln once said, the dogmas of a quiet past are inadequate to the stormy present. 

    Jennie Lee lived by this mantra. So will we. 

    We are determined to escape the deadening debate about access or excellence which has haunted the arts ever since the formation of the early Arts Council. 

    The arts is an ecosystem, which thrives when we support the excellence that exists and use it to level up. 

    Like the RSC’s s “First Encounters” programme. Or the incredible Shakespeare North Playhouse in Knowsley where young people are first meeting with spoken word.

    When I watched young people from Knowsley growing in confidence, and dexterity, reimagining Shakespeare for this age and so, so at home in this amazing space it reminded me of my childhood.

    Because in so many ways I grew up in the theatre. My dad was on the board of the National, and as a child my sister and I would travel to London on the weekends we had with our dad to see some of the greatest actors and directors on earth – Helen Mirren, Alan Rickman, Tom Baker, Trevor Nunn and Sam Mendes. We saw Chekhov, Arthur Miller and Brecht reimagined by the National, the Donmar and the Royal Court.

    It was never, in our house, a zero-sum game. The thriving London scene was what inspired my parents and others to set up what was then the Corner House in Manchester, which is now known as HOME. 

    It inspired my sister to go on to work at the Royal Exchange in Manchester where she and I spent some of the happiest years of our lives watching tragedy and farce, comedy and social protest. 

    Because of this I love all of it – the sound, smell and feel of a theatre. I love how it makes me think differently about the world. And most of all I love the gift that our parents gave us, that we always believed these are places and spaces for us.

    I want every child in the country to have that feeling. Because Britain’s excellence in film, literature, theatre, TV, art, collections and exhibitions is a gift, it is part of our civic inheritance, that belongs to us all and as its custodians it is up to us to hand it down through the generations. 

    Not to remain static, but to create a living breathing bridge between the present, the past and the future.

    My dad, an English literature professor, once told me that the most common mistakes students make – including me – he meant me actually – was to have your eye on the question, not on the text. 

    So, with some considerable backchat in hand, I had a second go at an essay on Hamlet – why did Hamlet delay? – and came to the firm conclusion that he didn’t. That this is the wrong question. I say this not to start a debate on Hamlet, especially in this crowd, but to ask us to consider this:

    If the question is – how do we preserve and protect our arts institutions? Then access against excellence could perhaps make sense. I understand the argument, that to disperse excellence is somehow to diffuse it. 

    But If the question is – how to give a fractured nation back its self confidence? Then this choice becomes a nonsense. So it is time to turn the exam question on its head and reject this false choice. 

    Every person in this country matters. But while talent is everywhere, opportunity is not. This cannot continue. That is why our vision is not access or excellence but access to excellence. We will accept nothing less. This country needs nothing less. And thanks to organisations like the RSC we know it can be achieved.

    I was reflecting while I wrote this speech how at every moment of great upheaval it has been the arts that have helped us to understand the world, and shape the future. 

    From fashion, which as Eric Hobsbawm once remarked, was so much better at anticipating the shape of things to come than historians or politicians, to the angry young men and women in the 1950s and 60s – that gave us plays like Look Back in Anger – to the quiet northern working class rebellion of films like Saturday Night Sunday Morning, This Sporting Life and Loneliness of the Long Distance Runner. 

    Without the idea that excellence belongs to us all – this could never have happened. What was once considered working class, ethnic minority or regional – worse, in Jennie Lee’s time, it was called “the provinces” which she banned – thank God. These have become a central part of our national story.

    ….

    I think the arts is a political space. But the idea that politicians should impose a version of culture on the nation is utterly chilling.

    When we took office I said that the era of culture wars were over. It was taken to mean, in some circles, that I could order somehow magically from Whitehall that they would end. 

    But I meant something else. I meant an end to the “mind forged manacles” that William Blake raged against and the “mind without fear” that Rabindranath Tagore dreamt of.

    [political content removed]

    Would this include the rich cultural heritage from the American South that the Beatles drew inspiration from, in a city that has been shaped by its role in welcoming visitors and immigrants from across the world? Would it accommodate Northern Soul, which my town in Wigan led the world in?  

    We believe the proper role of government is not to impose culture, but to enable artists to hold a mirror up to society and to us. To help us understand the world we’re in and shape and define the nation. 

    Who know that is the value that you alone can bring. 

    I recently watched an astonishing performance of The Merchant of Venice, set in the East End of London in the 1930s. In it, Shylock has been transformed from villain to  victim at the hands of the Merchant, who has echoes of Oswald Mosely. I don’t want to spoil it – not least because my mum is watching it at the Lowry next week and would not forgive me- but it ends with a powerful depiction of the battle of Cable Street. 

    Nobody could see that production and fail to understand the parallels with the modern day. No political speech I have heard in recent times has had the power, that power to challenge, interpret and provoke that sort of response. To remind us of the obligations we owe to one another.

    Other art forms can have – and have had – a similar impact. Just look at the ITV drama Mr Bates vs The Post Office. It told a story with far more emotional punch than any number of political speeches or newspaper columns. 

    You could say the same of the harrowing paintings by the Scottish artist Peter Howson. His depiction of rape when he was the official war artist during the Bosnian War seared itself into people’s understanding of that conflict. It reminds me of the first time I saw a Caravaggio painting. The insistence that it becomes part of your narrative is one you never ever forget.

    That is why Jennie Lee believed her role was a permissive one. She repeated this mantra many times telling reporters that she wanted simply to make living room for artists to work in. The greatest art, she said, comes from the torment of the human spirit – adding – and you can’t legislate for that. 

    I think if she were alive today she would look at the farce that is the moral puritanism which is killing off our arts and culture – for the regions and the artistic talent all over the country where the reach of funding and donors is not long enough – the protests against any or every sponsor of the arts, I believe, would have made her both angered and ashamed.  

    In every social protest  – and I have taken part in plenty – you have to ask, who is your target? The idea that boycotting the sponsor of the Hay Festival harms the sponsor, not the festival is for the birds. 

    And I have spent enough time at Hay, Glastonbury and elsewhere to know that these are the spaces – the only spaces – where precisely the moral voice and protest comes from. Boycotting sponsors, and killing these events off,  is the equivalent of gagging society. This self defeating virtue signalling is a feature of our times and we will stand against it with everything that we’ve got.

    Because I think we are the only [political context removed] force, right now, that believes that it is not for the government to dictate what should be heard.

    But there is one area where we will never be neutral and that is on who should be heard.

    Too much of our rich inheritance, heritage and culture is not seen. And when it is not, not only is the whole nation poorer but the country suffers. 

    It is our firm belief that at the heart of Britain’s current malaise is the fact that too many people have been written off and written out of our national story. And, to borrow a line from my favourite George Eliot novel, Middlemarch, it means we cannot hear that ‘roar that lies on the other side of silence’.  What we need – to completely misquote George Elliot – is a keen vision and feeling of all ordinary human life.’ We’ve got to be able to hear it.

    And this is personal for me.

    I still remember how groundbreaking it was to watch Bend it Like Beckham – the first time I had seen a family like ours depicted on screen not for being Asian (or in my case mixed race) but because of a young girl’s love of football. 

    And I was reminded of this year’s later when Maxine Peake starred in Queens of the Coal Age, her play about the women of the miners’ strike, which she put on at the Royal Exchange in Manchester. 

    The trains were not running – as usual – but on one of my council estates the women who had lived and breathed this chapter of our history clubbed together, hired a coach and went off to see it. It was magical to see the reaction when they saw a story that had been so many times about their lives, finally with them in it.

    We are determined that this entire nation must see themselves at the centre of their own and our national story. That’s a challenge for our broadcasters and our film-makers. 

    Show us the full panoply of the world we live in, including the many communities far distant from the commissioning room which is still far too often based in London. 

    But it’s also a challenge for every branch of the arts, including the theatre, dance, music, painting and sculpture. Let’s show working-class communities too in the work that we do – and not just featuring in murder and gangland series. 

    Part of how we discover that new national story is by breathing fresh life into local heritage and reviving culture in places where it is disappearing.

    Which is why we’re freeing up almost £5 million worth of funding for community organisations – groups who know their own area and what it needs far better than Whitehall. Groups determined to bring derelict and neglected old buildings back into good use. These are buildings that stand at the centre of our communities. They are visible symbols of pride, purpose and their contribution and their neglect provokes a strong emotional response to toxicity, decline and decay. We’re determined to put those communities back in charge of their own destiny again. 

    And another important part of the construction is the review of the arts council, led by Baroness Margaret Hodge, who is with us today. When Jennie Lee set up regional arts associations the arts council welcomed their creation as good for the promotion of regional cultures and in the hope they would “create a rod for the arts council’s back”. 

    They responded to local clamour, not culture imposed from London. Working with communities so they could tell their own story. That is my vision. And it’s the vision behind the Arts Everywhere Fund that we announced this morning.

    The Arts Council Review will be critical to fulfilling that vision and today we’re setting out two important parts of that work – publishing both the Terms of Reference and the members of the Advisory Group who will be working with Baroness Hodge, many of whom have made the effort to join us here today.

    We have found the Jennie Lee’s of our age, who will deliver a review that is shaped around communities and local areas, and will make sure that arts are for everyone, wherever they live and whatever their background. With excellence and access.

    But we need more from you. We need you to step up.

    Across the sporting world from Boxing to Rugby League clubs, they’re throwing their doors open to communities, especially young people, to help grip the challenges facing a nation. Opening up opportunities. Building new audiences. Creating the champions of the future. Lots done, but much more still to do.

    Every child and adult should also have the opportunity to access live theatre, dance and music – to believe that these spaces belong to them and are for them. We need you to throw open your doors. So many of you already deliver this against the odds. But the community spaces needed – whether community centres, theatres, libraries are too often closed to those who need them most. 

    Too often we fall short of reflecting the full and varied history of the communities which support us. That’s why we have targeted the funding today to bring hope flickering back to life in community-led culture and arts – supported by us, your government, but driven by you and your communities.

    It’s one of the reasons we are tackling the secondary ticket market, which has priced too many fans out of live music gigs. It’s also why we are pushing for a voluntary levy on arena tickets to fund a sustainable grassroots music sector, including smaller music venues. 

    But I also want new audiences to pour in through the doors – and I want theatres across the country to flourish as much as theatres in the West End. 

    I also want everyone to be able to see some of our outstanding art, from Lowry and Constable to Anthony Gormley and Tracey Emin. 

    Too much of the nation’s art is sitting in basements not out in the country where it belongs. I want all of our national and civic galleries to find new ways of getting that art out into communities.

    There are other challenges. There is too much fighting others to retain a grip on small pots of funding and too little asking “what do we owe to one another” and what can I do. Jennie Lee encouraged writers and actors into schools and poets into pubs. 

    She set up subsidies so people, like the women from my council estate in Wigan, could travel to see great art and theatre. She persuaded Henry Moore to go and speak to children in a school in Castleford, in Yorkshire who were astonished when he turned up not with a lecture, but with lumps of clay. 

    There are people who are doing this now. The brilliant fashion designer Paul Smith told me about a recent visit to his old primary school in Nottingham where he went armed with the material to design a new school tie with the kids. These are the most fashionable kids on the block.

    I know it’s been a tough decade. Funding for the arts has been slashed. Buildings are crumbling. And the pandemic hit the arts and heritage world hard. 

    And I really believe that the Government has a role to play in helping free you up to do what you do best – enriching people’s lives and bringing communities together – so with targeted support like the new £85m Creative Foundations Fund that we’re launching today with the Arts Council we hope that we’ll be able to help you with what you do best.

    SOLT’s own research showed that, without support, 4 in 10 theatres they surveyed were at risk of closing or being too unsafe to use in five years’ time. So today we are answering that call. This fund is going to help theatres, galleries, and arts centres restore buildings in dire need of repairs. 

    And on top of that support, we’re also getting behind our critical local, civic museums – places which are often cultural anchors in their village, town or city. They’re facing acute financial pressures and they need our backing. So our new Museum Renewal Fund will invest £20 million in these local assets – preserving them and ensuring they remain part of local identities, to keep benefitting local people of all ages. In my town of Wigan we have the fantastic Museum of Wigan Life and it tells the story of the contribution that the ordinary, extraordinary people in Wigan made to our country, powering us through the last century through dangerous, difficult, dirty work in the coal mines.  That story, that understanding of the contribution that Wigan made, I consider to be a part of the birthright and inheritance of my little boy growing up in that town today and we want every child growing up in a community to understand the history and heritage and contribution that their parents and grandparents made to this country and a belief that that future stretches ahead of them as well. Not to reopen the coal mines, but to make a contribution to this country and to see themselves reflected in our story.  

    But for us to succeed we need more from you. This is not a moment for despair. This is our moment to ensure the arts remain central to the life of this nation for decades to come and in turn that this nation flourishes. 

    If we get this right we can unlock funding that will allow the arts to flourish in every part of Britain, especially those that have been neglected for far too long, by creating good jobs and growth, and giving children everywhere the chance to get them. 

    Our vision is not just to grow the economy, but to make sure it benefits people in our communities. So often where i’ve seen investments in the last decade and good jobs created, I go down the road to a local school and I see children who can see those jobs from the school playground, but could no more dream of getting to the moon than they could of getting those jobs. And we are determined that that’s going to change. 

    This is what we’ve been doing with our creative education programmes (like the Museums and Schools Programme, the Heritage Schools Programme, Art & Design National Saturday Clubs and the BFI Film Academy.) These are programmes we are proud to support and ones I’m personally proud that my Department will be funding these programmes next year.

    Be in no doubt, we are determined to back the creative industries in a way no other government has done. I’m delighted that we have committed to the audiovisual, video games, theatre, orchestra and museums and galleries tax reliefs, as well as introducing the new independent film and VFX tax reliefs as well.

    You won’t hear any speeches from us denigrating the creative industries or lectures about ballerinas being forced to retrain.

    Yes, these are proper jobs. And yes, artists should be properly remunerated for their work. 

    We know these industries are vital to our economic growth. They employ 1 in 14 people in the UK and are worth more than £125 billion a year to our economy.  We want them to grow. That is why they are a central plank of our industrial strategy.

    But I want to be equally clear that these industries only thrive if they are part of a great artistic ecosystem. Matilda, War Horse and Les Miserables are commercial successes, but they sprang from the public investment in theatre. 

    James Graham has written outstanding screenplays for television including Sherwood, but his first major play was the outstanding This House at the National and his other National Theatre play Dear England is now set to be a TV series. 

    You don’t get a successful commercial film sector without a successful subsidised theatre sector. Or a successful video games sector without artists, designers, creative techies, musicians and voiceover artists.  

    So it’s the whole ecosystem that we have to strengthen and enhance. It’s all connected.

    The woman in whose name we’ve launched this lecture series would have relished that challenge. She used to say she had the best job in government

     “All the others deal with people’s sorrows… but I have been called the Minister of the Future.”

    That is why I relish this challenge and why working with those of you who will rise to meet this moment will be the privilege of my life.

    I wanted to leave with you with a moment that has stayed with me.

    A few weeks ago I was with Andy Burnham, the Mayor of Greater Manchester, who has become a great friend. We were in his old constituency of Leigh, a town that borders Wigan. And we were talking about the flashes, which in our towns used to be open cast coalmines. 

    They were regenerated by the last Labour government and they’ve now become these incredible spaces, with wildlife and green spaces with incredible lakes that are well used by local children. 

    We had a lot to talk about and a lot to do. But as we looked out at the transformed landscape wondering how in one generation we had gone from scars on the landscape to this, he said, the lesson I’ve taken from this is that nature recovers more quickly than people. 

    While this government, through our Plan for Change, has made it our mission to support a growing economy, so we can have a safe, healthy nation where people have opportunities not currently on offer – the recovery of our nation cannot be all bread and no roses. Our shared future depends critically on every one of us in this room rising to this moment. 

    To give voice to the nation we are, and can be. 

    To let hope and history rhyme.

    So let no one say it falls to anyone else. It falls to us.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Great British Energy interim CEO appointed

    Source: United Kingdom – Government Statements

    Dan McGrail has been appointed as the interim Chief Executive Officer of Great British Energy.

    • Dan McGrail appointed as interim CEO of Great British Energy, working from the Aberdeen HQ 
    • Follows recent appointment of five non-executive directors to the start-up board 
    • New leadership will help the company drive forward the government’s Plan for Change and clean energy superpower mission 

    Dan McGrail has been appointed as the interim Chief Executive Officer of Great British Energy, to help drive forward the government’s Plan for Change and clean energy superpower mission.  

    Great British Energy is owned by the British people, for the British people, and will own and invest in clean energy projects across the UK to create good, skilled jobs and growth.   

    Dan McGrail is currently the Chief Executive of RenewableUK, the trade association for businesses developing wind, wave, tidal, storage and green hydrogen projects in the UK, and their supply chain companies. He currently sits on the board for WindEurope and was also previously CEO of Siemens Engines and Managing Director of Siemens Power Generation.  

    He will draw on his wealth of experience in clean energy including wind and thermal power to provide strong leadership and help rapidly scale up the new company so it can start delivering as quickly as possible. 

    This follows the appointment in January of five new non-executive directors to join Chair Juergen Maier on the company’s start-up board, bringing a wide range of experience across different sectors, with knowledge on workplace rights, building UK supply chains and driving investment in clean energy. 

    Energy Secretary Ed Miliband said: 

    With the appointment of Dan McGrail as interim CEO we now have a fantastic team in place to lead Great British Energy and start delivering on our Plan for Change.  

    Great British Energy is at the heart of our clean power mission, and will support thousands of well-paid jobs, drive growth and investment into our communities and deliver energy security for the British people. 

    I look forward to working with Dan as we unlock the benefits of a new era of clean electricity for the British people.

    RenewableUK’s Chief Executive Dan McGrail said:  

    Homegrown, affordable clean power has never been more important and it’s a privilege to take up the role of interim CEO of Great British Energy at such a pivotal moment. 

    Together with the talented leadership team, I’m excited to hit the ground running to scale up the company and work with industry to unleash billions of investment in clean energy, helping to grow new industries at scale with job opportunities for hundreds of thousands of people, as well as helping the government achieve its clean power targets.

    Start-up Great British Energy Chair Juergen Maier said: 

    Dan brings invaluable experience from a long career in clean energy and joins Great British Energy at a critical time to help spearhead our work to help make Britain energy independent.  

    I look forward to working with him to back innovation, create sustainable jobs, and grow our supply chains.

    The Chair of RenewableUK’s Board of Directors Paul Cooley, Director of Offshore Wind at SSE Renewables, said:  

    I am delighted to support Dan in taking on the role of Interim CEO. He has the right combination of leadership skills and energy industry experience to take Great British Energy to its next stage of maturity and he has been an important driving force throughout his career in the sector. He has transformed RenewableUK into a leading voice in the industry and his appointment is a great vote of confidence in the work of the organisation. I am sure that he will establish a strategy at Great British Energy which enables our country to deliver on the amazing opportunities for economic growth and job creation which the clean power transition offers.

    Dan will be based in Scotland, working from the Aberdeen headquarters, and will take up his post in March, on an initial 6-month contract, on secondment from RenewableUK. Recruitment for the permanent CEO will also begin shortly.   

    The government has already announced an unprecedented partnership between Great British Energy and The Crown Estate to unlock investment in clean energy, confirmed Aberdeen will host Great British Energy’s headquarters, and struck a deal with the Scottish Government for the company to work with Scottish public bodies to support clean energy supply chains. The government is also legislating through the Great British Energy Bill to give the company the powers it needs to rapidly deliver.  

    Great British Energy will support the government’s mission for clean power by 2030, with an action plan published in December to get more homegrown clean power to people and provide the foundation for the UK to build an energy system that can bring down bills for households and businesses for good.  

    Background 

    • Dan McGrail took up his post as Chief Executive at RenewableUK in May 2021, and was previously CEO of Siemens Engines. He joined Siemens UK in 2004 and worked in a variety of roles across the energy industry, becoming CEO in 2017.  
    • More information on the non-executive directors: https://www.gov.uk/government/news/great-british-energys-start-up-board-appointed  
    • The Great British Energy Bill is currently going through the House of Lords and is at the Committee Stage.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Global: German election: a triple crisis looms large at the heart of the economy

    Source: The Conversation – UK – By Ralph Luetticke, Professor of Economics, School of Business and Economics, University of Tübingen

    Oleg Senkov/Shutterstock

    Ahead of the election on February 23, many German voters are deeply concerned about the economy – and for good reason. The German economy is in a recession and has been shrinking for two consecutive years. In fact, it is now about the same size as it was in 2019, even as some of its peers among the world’s advanced economies have experienced solid growth (on the left of the chart below).

    This matters for voters, who have experienced stagnating real incomes and remain pessimistic – expecting real incomes to decline further.

    GDP and productivity growth of Germany, UK and US:

    There could be several reasons for Germany’s economic malaise. First, fiscal policy in Germany is tighter than in other countries, meaning higher taxes and lower public spending. Due to the “debt brake” enshrined in its constitution, Germany is severely restricted in running budget deficits, except when the government declares an emergency, as it did due to COVID.

    The last coalition government collapsed over a dispute about whether to declare another emergency over the war in Ukraine in order to increase borrowing capacity. This did not happen, and as a result Germany’s fiscal deficit has remained relatively moderate. The argument goes that a larger deficit might have boosted economic growth.

    Second, for decades, Germany has relied on foreign demand to sustain economic growth at home. During the first two decades of the 21st century, it benefited greatly from China’s integration into the world economy.

    To build up its productive capacity, China relied heavily on machinery produced in Germany and it purchased a significant number of German cars. However, this is no longer the case. As China has moved to the technology frontier, it no longer depends as much on German cars or machinery.

    However, both factors only go so far in accounting for the stagnating German economy. For if demand – domestic or foreign – is too weak to sustain growth, this should be reflected in falling prices.

    Yet prices have been rising strongly. Inflation in Germany has been running high over the last couple of years.

    And it has not been systematically lower than in, say, the US or the rest of the euro area. Over the next 12 months, households expect inflation to be above 3% – well above the European Central Bank’s 2% target.

    Another relevant indicator also suggests that lack of demand is unlikely to be the main reason for Germany’s stagnation. Unemployment is low in Germany, lower than in most European countries and hardly higher than in 2019.

    Instead, adverse supply conditions are key, as reflected in households’ expectations of falling incomes and higher inflation.

    Overall, supply is simply the combination of labour and capital inputs (for example, the size of the workforce and the machinery or premises available to them) along with productivity or technology, which tells us how much output we get from the labour and capital inputs. Germany is facing a triple crisis in this regard – expensive energy, weak labour supply and low productivity growth.

    First, there are energy prices, which have been pushed up everywhere by the Russian invasion of Ukraine. However, the effect has been particularly strong in Germany due to its direct dependency on Russian gas.

    The outgoing government, in which the Greens have been a key player, is widely credited with trying to accelerate Germany’s green transition. This raised the costs of the transition above those caused by the European Emissions Trading System, whereby polluters pay for their emissions.

    While it is difficult to determine the exact contributions of the war and the green transition to the rise in energy prices, both clearly act as a drag on growth, particularly on the supply side (that is to say, production potential).

    The productivity problem

    But Germany faces more fundamental supply-side challenges. The second issue becomes apparent when comparing GDP per hour worked (a measure of a country’s productivity, as seen on the right of the chart above).

    Here, the trends in Germany and the UK are quite similar, implying that Germany’s lower economic growth relative to the UK is primarily due to people working fewer hours. This, in turn, may reflect demographic changes, migration that does not contribute to the labour force or shifting preferences in the wake of COVID.

    The third issue is productivity growth. Consider the increase in GDP per hour worked in the US, which has risen by more than 10% as shown in the chart above, dwarfing the developments in both Germany and the UK. Common causes of weak productivity growth include ageing infrastructure, low private sector investment, a lack of start-ups and fewer new companies growing into multinational leaders.

    A turnaround requires far-reaching improvements in supply conditions. In terms of energy, Germany should avoid measures such as introducing more regulation on the heating or insulation of new and existing homes, and instead rely on the EU-wide emissions trading scheme to curb emissions.

    In the labour market, increased participation or skilled migration is needed, supported by policies that encourage people to retire later and entice more women into the workforce.

    Increasing defence spending could be a way to boost German productivity.
    Ryan Nash Photography/Shutterstock

    Productivity growth remains the most challenging issue. A good start would be increased funding for universities and reduced regulation, particularly for AI technology.

    Deepening the EU’s single market, for example by removing restrictions on cross-border energy trade to allow firms to access cheaper electricity, would enhance competition and drive productivity growth. This way, companies could expand and create well-paying jobs.

    Finally, an additional boost may come from higher defence spending, not only to address the much-needed improvement of Germany’s external security but also because it has been shown to increase productivity.

    While immigration may be a major talking point for the German electorate in the coming vote, the economy – as ever – will be an important factor in measuring the mood of the country.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. German election: a triple crisis looms large at the heart of the economy – https://theconversation.com/german-election-a-triple-crisis-looms-large-at-the-heart-of-the-economy-250320

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Ministry of Defence Statement on Conclusion of the Jaysley Beck Coroner’s Inquest

    Source: United Kingdom – Executive Government & Departments

    A statement from the Minister for Veterans and People on behalf of the Ministry of Defence

    Minister for Veterans and People, Alistair Carns DSO, OBE, MC, said:

    Our thoughts remain with Jaysley-Louise Beck’s loved ones at this difficult time. Jaysley was a young and promising soldier who should have had the opportunity to thrive in a supportive and safe environment. Her death was and still is a tragedy, and we are deeply sorry for the failure to protect her. I acknowledge what has been said in this inquest and the Army will now reflect on the evidence heard and the failings identified to learn lessons from the Coroner’s findings.

    The Army has accepted the failings identified by the Service Inquiry and responded to the recommendations to improve Service life across its culture, policies, and practices. Our Armed Forces play a vital role in protecting the nation and a range of substantive measures – many already introduced – will help to build a safer, more inclusive environment for our personnel, particularly for new recruits, and ensure that any concerns raised are listened to and swift appropriate action is taken.

    Let me be clear: There is no place for any abuse or unacceptable behaviours within the military. This Government has stepped up efforts to bring about crucial reform and provide a place where people are proud to work and have faith in the service justice system. We will honour Jaysley’s legacy by ensuring this is done in the shortest possible time and in the most effective manner.

    Anyone – military or civilian – who has been a victim of serious crime in the Defence community can contact our confidential crime line on 0800 085 0658, which is available 24/7.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Video: UK Watch every PMQs since 1990 here on YouTube…

    Source: United Kingdom UK Parliament (video statements)

    10 Prime Ministers
    18 First/Last PMQs
    One playlist

    Our Parliamentary Broadcasting Unit has been working for decades to increase the accessibility of Parliament to all.

    Look back at the first and last PMQs since 1990: https://youtube.com/playlist?list=PLj3mInRJqIemL3lnfgUXZSzr38hd48jfC&si=VETg2-l0r7c7JHix

    Tune in from 12 midday next week to watch PMQs live.

    https://www.youtube.com/watch?v=PzOZ3cCOAc0

    MIL OSI Video

  • MIL-OSI United Kingdom: Acute Hospital Planning determination20 February 2025 ​​Following the Planning Committee’s determination to approve the Planning Application for the Acute Hospital at Overdale, the Minister for Health and Social Services, Deputy Tom Binet, said: “The… Read more

    Source: Channel Islands – Jersey

    20 February 2025

    ​​

    Following the Planning Committee’s determination to approve the Planning Application for the Acute Hospital at Overdale, the Minister for Health and Social Services, Deputy Tom Binet, said: “The approval of the Planning Application for the Acute Hospital at Overdale marks a major milestone in delivering the modern, high-quality healthcare facilities our Island urgently needs. 

    “Securing planning approval brings us one step closer to ensuring construction of the acute facility remains on track to start this year, meeting our Government priority as set out in the Common Strategic Policy. 

    “The procurement process for a Main Works Delivery Partner is now well underway, with parties who are very capable of building the Acute Hospital having expressed their interest. As we have also heard during the Planning Committee, hospital staff are fully engaged and greatly relieved at the prospect of moving to the new Acute Hospital that is so desperately needed. 

    “I recognise that, whilst today is a good day for moving forward with the scheme, those neighbours living near to the scheme will inevitably be more impacted. I thank them for their patience so far with the demolition works that have taken place and the construction works that will follow. We will continue to work with them to ensure that we cause the least disruption possible. 

    “There are no easy decisions when it comes to major projects with their associated costs. Today, politicians have shown that we in the States Assembly are capable of dealing with them without procrastinating or jeopardising their delivery, especially for this vital facility that has been needed for so long. 

    “I would therefore like to thank Planning Services and Planning Committee Members for their prompt and positive consideration of the Application. I would also like to thank my fellow Council of Ministers for their ongoing support and a special thank you to the excellent New Healthcare Facilities Team and their associates who have worked tirelessly to reach this crucial stage.”

    Next steps 

    • Following approval of the Planning Application, Planning Obligation Agreements will be drawn up and signed. 
    • Development works will start at the Overdale site in Spring 2025, and procurement is underway. The development works include installation of site hoardings, stripping of topsoil and tree protection, removal of redundant utilities, reduced level excavation and filling, site welfare facilities and a temporary haul road. The purpose of the development works is to prepare the Overdale site in advance of a Main Works Delivery Partner commencing construction. 
    • The procurement process to secure a Main Works Delivery Partner for the Acute Hospital building and ancillary infrastructure is ongoing. A Prior Information Notice, signalling the start of more formal market engagement, was issued in October. The formal tender process commenced with a Pre-Qualification Questionnaire (PQQ) which was issued to the market in December 2024, with completed PQQs returned at the end of January. Following the PQQ, there will be an Invitation to Tender which, once returned, will culminate in the appointment of a Delivery Partner. This is anticipated to be in Autumn 2025. 
    • Following the appointment of a Main Works Delivery Partner, construction of the Acute Hospital is set to start towards the end of 2025. 
    • An Executive Summary document of the Acute Hospital Planning Application can be found here: Summary for Planning Application P20241025.pd​

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Councils to receive exceptional support

    Source: United Kingdom – Executive Government & Departments

    Additional support confirmed for councils in exceptional difficulty to set balanced budgets. Long-term reform underway to fix foundations of local government.

    Councils in exceptional need of help will today receive letters confirming government support to help balance their budgets. 

    30 councils in exceptional circumstances have been confirmed to receive support for the coming financial year to ensure delivery of vital public services, protecting vital community assets and promoting economic stability as committed to in the Plan for Change.  

    As part of this support package, for the first time additional expectations have been set out to protect treasured community assets, culture and identity, with councils using capitalisation instructed not to dispose of community and heritage assets.  

    Recognising the financial hardships facing the sector, earlier in the month, the government announced more than £69 billion for local government, a 6.8% cash terms increase in councils’ Core Spending Power on 2024-25 in the Final Local Government Finance Settlement. This included a new targeted £600 million Recovery Grant to help councils with greater need and demand for services.  

    Minister of State for Local Government and English Devolution, Jim McMahon OBE said:    

    We are under no illusion of the state of council finances and have been clear from the outset on our commitment to get councils back on their feet and rebuild the foundation of local government. 

    We are working with local leaders, encouraging councils to come in confidence where needed to seek help and be assured we will offer a relationship of partnership – not punishment – in our joint mission to improve public services for communities and create economic stability as set out in our Plan for Change.” 

    Our long-term commitment is to fix the foundations of local government, including reforming the outdated and inefficient funding model by bringing forward the first multi-year settlements in a decade, creating an updated and fit-for-purpose assessment of need and reforming the local audit system to provide transparency, security and stability to council finances.  

    However, there are councils in financial difficulty in need of immediate help, and a record number of councils have reached out to the government asking for Exceptional Financial Support (EFS) to help them balance their budgets this year.  

    The Exceptional Financial Support process has existed since 2020 to support councils facing unmanageable financial pressures. In line with the previous government’s approach, support is provided through a financial flexibility, known as capitalisation, where the government permits councils to treat revenue costs as capital costs and means councils can meet those costs using their existing borrowing powers or via capital receipts.  

    However, unlike previous years, where local leaders deem it necessary to borrow to support recovery, the government has removed the condition that made borrowing more expensive through a 1% premium. The government will instead work with councils on improvement and actions they can take to help manage their position to ensure value for taxpayer money.  

    To ensure financial stability and better outcomes for residents the government has consulted on how to best streamline the outdated funding model and distribute taxpayer’s money more fairly, based on an updated assessment of need, enabling every council to deliver high quality services to their communities.  

    As part of handing local leaders more power and control of their funding, the government will end outdated processes and bureaucracy of bidding for different funding pots and bring forward the first multi-year settlement in a decade in 2026-27 to provide certainty and economic security to councils setting budgets.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Chancellor backs Britain’s financial services to drive development and kickstart economic growth

    Source: United Kingdom – Executive Government & Departments

    Rachel Reeves urges financial industry leaders to seize growth opportunities in emerging markets, creating new business for British firms and boosting trade links with fast-growing economies, delivering on the government’s Plan for Change.

    • Chancellor launches coalition to improve sustainable sovereign debt financing to developing economies, shoring up London’s position as development finance leader amid growing global uncertainty

    • Reeves aims to boost private capital mobilisation for development ahead of her attendance of the European Bank for Reconstruction and Development’s annual meeting on 13-15 May in London

    In Canary Wharf today (20 February) the Chancellor met with some of the UK’s biggest financial services firms such as Aviva, HSBC and Schroders and urged them to work with development institutions including the European Bank for Reconstruction and Development (EBRD) and British International Investment. To go further and faster in delivering the government’s Plan for Change and put more money in people’s pockets, the Chancellor encouraged firms to seize investment opportunities in emerging markets for Britain’s brightest and best companies.

    Co-hosting a roundtable with Odile Renaud-Basso, president of the EBRD, the Chancellor launched the “London Coalition on Sustainable Sovereign Debt”. This will be co-chaired by the Economic Secretary to the Treasury, Emma Reynolds.

    The Coalition will bring together government and private sector stakeholders to find innovative solutions to more sustainable sovereign debt financing in developing economies.

    Promoting orderly and transparent debt restructuring and more resilient borrowing will mean that emerging economies can make progress meeting their climate and development targets. The Coalition capitalises on London’s financial services expertise and will help cement its position as a global leader in development finance, in turn supporting economic activity and financing investment across the country. Investing in emerging markets themselves can boost UK growth by creating new opportunities for British businesses in areas such as financial services, and boost trade ties with fast-growing economies amid an increasingly uncertain global environment.

    Chancellor of the Exchequer, Rachel Reeves said:

    Business and government must work together to seize opportunities in emerging markets and kickstart economic growth as part of our Plan for Change.

    Today’s roundtable shows how the UK’s world-leading financial centre can help countries unlock new opportunities for our brightest and best British companies to create wealth and drive growth.

    President of the European Bank for Reconstruction and Development Odile Renaud-Basso said:

    Mobilising private capital is key to meeting global development needs. I’m delighted to co-host UK business leaders with the Chancellor to discuss how multilateral banks like the EBRD can help channel further financing to emerging markets. By joining forces, we aim to deliver the much-needed impact for developing countries while creating new opportunities for businesses from developed economies.

    The Chancellor and Renaud-Basso also signed a Memorandum of Understanding setting out cooperation on the EBRD annual meeting and business forum in London, which will be held from 13 to 15 May this year.

    The Chancellor will attend the bank’s first annual meeting in London since 2016 where it will see governors approve the bank’s next 5-year strategy and highlight opportunities for UK businesses to work with the EBRD in its key markets such as Ukraine, Poland and Turkey.

    Reeves and Renaud-Basso discussed with business leaders how to create the right environment for investment. This is being done at home, for example through reforms to the pensions system which could unlock around £80 billion in productive investment and the launch of the Transition Finance Council led by Lord Alok Sharma. It is also key to work overseas, where British International Investment and UK-backed programmes including MOBILIST and the Private Infrastructure Development Group have unlocked billions in private investment for climate and development around the world. A new Institutional Investor Taskforce will advise government and institutional investors on how they can work together to open up even more of this much-needed investment and establish London as the world’s leading climate and development finance hub.

    Reeves outlined the UK’s growth priorities, both at home and abroad, and highlighted the financing tools and instruments to help achieve this such as the National Wealth Fund, which is expected to mobilise over £70 billion in private investment into the high-growth industries of the future. Reeves also underscored the importance of multilateral development banks in helping to mobilise private capital, through working together more effectively as a system and with the private sector.

    As the largest institutional investor in Ukraine, the EBRD has also been working with the UK government to support Ukraine’s resilience and recovery. In December, the UK confirmed its participation in a EUR 4bn capital increase which will unlock billions each year to support critical sectors of Ukraine’s economy. The EBRD and Aon also launched an innovative $110m war insurance facility with UK support in the same month to rebuild the country’s insurance market.

    Elsewhere, the EBRD invests in 36 economies across three continents including in Central, Eastern and Southern Europe, Central Asia and North Africa. This year it will also begin operations in sub-Saharan Africa.

    The roundtable comes ahead of the Chancellor’s visit to Cape Town, South Africa, next week to attend the G20 Finance Ministers and Central Bank Governors meeting. She will be advocating for the UK’s Growth Mission on the global stage and championing how private capital and the role of the City will kickstart economic growth and raise living standards around the world.


    Baroness Shriti Vadera, Chair of Prudential PLC and Co-Chair of the World Bank Private Sector Investment Lab, said:

    It is critical for governments, international financial institutions, and the private sector to work together to mobilise, at scale and pace, greater levels of finance for climate and development where it is most needed – in emerging and developing markets. I particularly welcome the focus today on practical steps to develop and deploy risk-sharing and blended financial instruments.

    Dame Elizabeth Corley, Chair of Schroders PLC, said:

    I firmly believe asset managers play a key role in crowding in private capital and unlocking it at scale in emerging markets. Schroders, with its impact pioneer BlueOrchard, is eager to share our expertise in blended finance and impact investing to overcome barriers to private sector investment, redressing some of the world’s biggest challenges like climate change and inequality.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI: Net Asset Value(s) as at 31 January 2025

    Source: GlobeNewswire (MIL-OSI)

    Volta Finance Limited (VTA / VTAS)
    January 2025 monthly report

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

    Guernsey, February 20th, 2025

    AXA IM has published the Volta Finance Limited (the “Company” or “Volta Finance” or “Volta”) monthly report for January 2025. The full report is attached to this release and will be available on Volta’s website shortly (www.voltafinance.com).

    Performance and Portfolio Activity

    Dear Investors,

    Volta Finance started 2025 on a positive note as net performance reached +1.7% in January while Financial Half Year net performance for Volta settled at 11.4%. Both our investments in CLO Debt and CLO Equity performed positively over the course of the month, benefiting from positive market conditions for risky assets.

    In broader economic news, the Federal Reserve decided to keep interest rates unchanged for the first time since it started cutting rates last September. This has led markets to expect that the easing cycle might resume in 2026. In Europe, the eurozone economy showed no growth despite anticipations of a +0.1pp expansion, and Christine Lagarde announced a 25 basis points cut in key European Central Bank interest rates. Although largely backed by the data divergence with the US, it is interesting to note the striking difference in terms of monetary path between the US and the European Union as we anticipate further cuts in Europe.

    Credit markets tightened significantly this month, although we noted heightened volatility in line with broader macro headlines around mid-month. In Europe, High Yield indices were roughly 20bps tighter while US CDX High-Yield tightened by 11bps. On the Loan side, Euro Loans prices increased by about 40cts up to 98.41% (Morningstar European Leveraged Loan Index), while US Loans rose by 28cts to 97.61%.

    The primary CLO markets started strong this year, especially in Europe with New Issue volumes up 120% vs. Jan 24 (down 21% in the US vs. Jan 24). In terms of performance, CLO markets performed in line with US High Yield at +1.4% over the month and better than Global Loans +0.9%. In line with all major rating agencies that expect Loan default rates to go down in 2025 we remain constructive on the CLO asset class and the performance of the underlying loan portfolios this year.

    CLO Equity distributions remained healthy in January, although as expressed earlier, the spread compression in the Loan market has slightly lowered these distributions. Over the last 6 month period, the cashflow generation was c. €27m equivalent of interests and coupons, representing c.19% of January’s NAV on an annualized basis, compared to c. €30m equivalent of interest and coupons received 6 months ago. Refinancing or Resetting CLO liabilities will continue to be a key focus for us in 2025.

    Regarding our portfolio activities, we took profits on a US Mezzanine position as the market was risk-on (c. USD 7mm nominal) while another USD 3mm of US CLO mezzanine debt redeemed at face value.

    Over the month, Volta’s CLO Equity tranches returned a 3% performance** while CLO Debt tranches returned +1.6% performance**, cash representing c.9.0% of NAV. The fund being c.21% exposed to USD, the recent currency moves had a negative impact of -0.1% on the overall performance.

    As of end of January 2025, Volta’s NAV was €279.0m, i.e. €7.63 per share.

    *It should be noted that approximately 0.16% of Volta’s GAV comprises investments for which the relevant NAVs as at the month-end date are normally available only after Volta’s NAV has already been published. Volta’s policy is to publish its NAV on as timely a basis as possible to provide shareholders with Volta’s appropriately up-to-date NAV information. Consequently, such investments are valued using the most recently available NAV for each fund or quoted price for such subordinated notes. The most recently available fund NAV or quoted price was 0.05% as at 31 December 2024, 0.11% as at 30 September 2024.

    ** “performances” of asset classes are calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at period ends, payments received from the assets over the period, and ignoring changes in cross-currency rates. Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket.

    CONTACTS

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

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

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

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

    *****
    ABOUT VOLTA FINANCE LIMITED

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

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

    *****

    ABOUT AXA INVESTMENT MANAGERS
    AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with 2,700 professionals and €844 billion in assets under management as of the end of December 2023.  

    *****

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

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

    *****

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

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

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

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

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

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

    *****

    Attachment

    The MIL Network

  • MIL-OSI United Kingdom: Four payment schemes open to help with the cost of living: Apply

    Source: City of Portsmouth

    Four financial support schemes are currently open for Portsmouth residents on low income to apply for – but hurry as some close soon.

    Portsmouth City Council is offering:

    • A child voucher scheme (closes 28 February) – for 0-19s or someone at least 20 weeks pregnant who is part of a household that earns below £1,800 a month.
    • The final round of the Exceptional Hardship scheme (closes 14 March) – one-off payments for adults in extreme financial hardship (check the website for full eligibility)
    • Energy Payment Scheme for 16-24s and carers (closes 17 March) – those on low-income and receiving qualifying benefits (check the website for full eligibility)

    These schemes are funded by the UK Government’s Household Support fund, and you can find the eligibility criteria for all these and apply at https://www.portsmouth.gov.uk/hsf

    We are still also offering our council-funded:

    • Portsmouth Older Persons Energy Payment open until 7 March

    This is a one-off payment this year for some pensioners on low income who did not receive the Government’s Winter Fuel Payment. Find the full criteria and apply here.

    Pension Credit support events

    On the same webpage you’ll find information about Pension Credit, how pensioners can find out if they might be eligible and missing out on money. We’re hosting a series of Pension Credit information sessions taking place across the city people can come along to, with dates and locations on the webpage.

    Leader Cllr Steve Pitt said:

    “We want these hardship support payments to reach far and wide and as many Portsmouth residents as possible. So please do let friends, family, and those you work with know about the support that is currently available, or apply yourself if you’re eligible.

    “Our cost of living staff are always available to help anyone with advice about these schemes or the wider support that’s available to them.”

    Cost of living support for all

    • Call our cost of living telephone number 023 9284 1047 for help with these schemes, or if you have general concerns about money and want some professional advice. It’s open 9am-5pm Monday to Thursday, 9am – 4.30pm on Friday, or alternatively visit our cost of living online hub.

    MIL OSI United Kingdom

  • MIL-OSI: Haffner Energy and ATOBA Energy collaborate to unlock the SAF value chain and scale the market

    Source: GlobeNewswire (MIL-OSI)

    This strategic partnership secures long-term offtake agreements, unlocking financing and accelerating the scale-up of SAF production.               

     

    Vitry-le-François, France / Lyon, France (February 20, 2025, 6:00pm CEST)

    Haffner Energy, a leading solid biomass-to-clean fuels solutions provider, and ATOBA Energy, a SAF aggregator committed to unlocking the Sustainable Aviation Fuel (SAF) value chain by solving the financial dilemma between producers and final offtakers, are joining forces to accelerate the development of SAF projects and facilitate their financing, they announced today.

    France-based Haffner Energy relies on its 31-year experience to design, manufacture, supply, license, and operate proprietary disruptive clean fuels solutions, including critical technology for SAF production, using all types of biomass residues wet or dry, such as agricultural and municipal waste. The company has already announced the development of a couple of SAF projects, notably Paris-Vatry SAF in France, where full scale production is expected to be reached by 2030 when the next stage of the European SAF mandate kicks in. Partnering with SAF aggregator ATOBA will significantly enhance SAF offtake then.

    “We are particularly excited about this partnership with ATOBA, as it will facilitate the financing of our SAF projects, starting with Paris-Vatry. One of the most crucial challenges in securing financing for SAF production facilities is the ability to obtain offtake contracts that guarantee the purchase of SAF at a stable, price for periods exceeding five years. The key advantage provided by ATOBA is that it offers this guarantee while significantly reducing risks and commitments for airline clients. This will facilitate and accelerate their engagement in SAF procurement. As such, it is a win-win model for all stakeholders and we are extremely pleased that ATOBA has identified us as a strategic and unique player in the SAF ecosystem”, said Haffner Energy co-founder and CEO Philippe Haffner.

    Indeed, the SAF market is facing challenges in expanding at the rate demanded by environmental needs and regulatory mandates. While producers need long-term, stable pricing contracts to amortize their investments, airlines seek assurance of optimum market prices in the context of a still-immature industry with diverse competing technologies. This conflict of expectations currently hinders the development of SAF production projects, and ATOBA’s unique business model brings the solution.

    We are delighted to launch an offtake agreement with Haffner Energy, a company that has demonstrated for decades the quality and robustness of its biomass transformation technological and industrial solutions. Haffner Energy plays a key role in unlocking second-generation feedstocks, which are essential for both Alcohol-to-Jet and Gas Fischer-Tropsch SAF pathways. At ATOBA, we strongly believe that a variety of technologies and pathways are required to meet our aviation decarbonization targets, as the best production route and feedstock depend on the specific regional characteristics. Having Haffner Energy in our portfolio of SAF producers is an essential brick in our aggregation strategy, reinforcing our ability to provide diversified, reliable, and scalable SAF solutions to the market”, highlighted ATOBA Energy co-founder and CEO Arnaud Namer.

    Also based in France, ATOBA uniquely unlocks the SAF financial stalemate through its upstream and downstream SAF offtake portfolio management. By offtaking from diversified producers and technologies like Haffner Energy, ATOBA mitigates technological and pricing risks associated with the various SAF production pathways, and enables the closing of long-term offtake agreements among airlines, jet-fuel distributors, SAF producers, and financial institutions, which are essential for scaling the industry.

     

    About Haffner Energy

    Haffner Energy designs, manufactures, supplies, and operates biofuel and hydrogen solutions using biomass residues. Its innovative, patented thermolysis technology produces Logo Blue ATOBA Energy – small Sustainable Aviation Fuel, as well as renewable gas, hydrogen, and methanol. The company also contributes to regenerating the planet through the co-production of biogenic CO2 and biochar. A family-owned company co-founded 32 years ago by Marc and Philippe Haffner, Haffner Energy has been working from the outset to decarbonize industry and all forms of mobility, as well as governments and local communities. Further information is available at www.haffner-energy.com.

     

    About ATOBA Energy

    ATOBA is the midstream Sustainable Aviation Fuel (SAF) aggregator focused on accelerating the aviation industry’s energy transition through solving the financial dilemma between airlines and producers. ATOBA provides long-term SAF contracts to airlines and jet-fuel resellers at optimized market SAF pricing indexes. The company brings high security and competitiveness to the SAF supply chain for its airline partners via offtake from diversified producers and technologies, as well as best-in-class sector expertise. Simultaneously, ATOBA’s aggregation strategy allows the SAF industry to scale by providing producers with long-term offtake agreements that support their Final Investment Decisions for their  SAF production plants. Further information is available at www.atoba.energy

     

    Media relations

    Haffner Energy laetitia.mailhes@haffner-energy.com  tel. +33 (0)6 07 12 96 76

     ATOBA Energy press@atoba.energy  tel. +33 (0)6 11 65 92 74

    Investor relations

    Haffner Energy investisseurs@haffner-energy.com 

    ATOBA Energy investors@atoba.energy tel. +1 310 874 7871    

     

    Attachment

    The MIL Network

  • MIL-OSI United Kingdom: The UK has information that Proxies directed by the Russian state have plans to interfere with CAR elections: UK statement at the UN Security Council

    Source: United Kingdom – Executive Government & Departments

    Statement by Ambassador James Kariuki, UK Deputy Permanent Representative to the UN, at the UN Security Council meeting on the Central African Republic.

    President, like others I extend condolences to the fallen Tunisian peacekeeper’s family, and express our gratitude for the personal sacrifices that peacekeepers and their families make in support of peace.

    We condemn all attacks on UN peacekeepers.

    I will make three points today.

    First, the UK welcomes the work by the government of CAR, in coordination with MINUSCA, to advance voter registration for elections. 

    The elections should be an important milestone in expanding the political participation of all individuals in CAR.

    However, the UK has information that Proxies directed by the Russian state have plans to interfere with CAR elections, including through suppressing political voices and conducting disinformation campaigns to interfere in political debate. 

    These actions demonstrate that Russian proxies act without regard for CAR’s sovereignty in order to secure continued support for their destabilising objectives. 

    Furthermore, they jeopardise the dedicated UN role, mandated by this Council, to help support inclusive, free and fair elections in 2025 and 2026.

    Second, the UK also welcomes progress by the government of CAR to improve its security and accountability capacity. 

    This includes delivering the first disciplinary sanctions against magistrates since 2013.

    However, as the Secretary-General’s report highlights, CAR faces many security challenges. 

    Attacks by Sudanese Rapid Support Forces in CAR threaten progress made in implementing the 2019 Political Agreement. 

    The UK calls on all actors to respect CAR’s territorial integrity. 

    We also encourage the government of CAR to enhance border management with Sudan to support refugees and prevent their exploitation by armed elements.

    Third, we remain concerned at the human rights situation in the country. 

    The UK condemns reports of ‘Wagner Ti Azande’ and other armed groups committing atrocities against civilians, including conflict-related sexual violence. 

    Grave violations against children are also increasing. 

    We urge the government of CAR to enhance their efforts to identify recruited children and secure their handover to child protection actors. 

    We also call on all actors to the conflict to uphold their obligations under International Humanitarian and Human Rights Law.

    President, to conclude, the coming year will be important for supporting peace and security in CAR, including through elections. 

    The UK remains committed to supporting MINUSCA and the government of CAR to embed genuine long-term security while preserving CAR’s sovereignty.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI: Coface : 2024 results: net income at €261.1m, up 8.6%, and proposed dividend at €1.40

    Source: GlobeNewswire (MIL-OSI)

    2024 results: net income at €261.1m, up 8.6%, and proposed dividend at €1.40

    Paris, 20 February 2025 – 17.35

    • Turnover: €1,845m, down -0.6% at constant FX and perimeter and down -1.3% on a reported basis
      • Trade credit insurance revenue decreased by -2.2% at constant exchange rates, with slightly positive customer activity in Q4-24
      • Client retention is still high at 92.3% but down slightly from 2023 records; pricing remained negative at -1.4%, in line with historical trends
      • Business information once again recorded double-digit growth (+16.3% at constant FX); factoring stabilised at +0.3% with solid growth in Q4-24
    • Net loss ratio at 35.2%, improved by 2.5 ppts; net combined ratio at 65.5%, up 1.2 ppt
      • Gross loss ratio at 33.4%, improved by 2.4 ppts with still high opening year reserving and high reserve releases
      • Net cost ratio increased by 3.6 ppts to 30.2%, reflecting slightly lower revenues and continued investment, in line with our strategy
      • Net combined ratio in Q4-24 at 68.7%, up 9.7 ppts due to a higher net cost ratio and a very low combined ratio in Q4-23 (59.0%)
    • Net income (group share) of €261.1m, up +8.6%, of which €53.4m in Q4-24, the highest annual figure since the adoption of IFRS 17. Annualised RoATE1at 13.9%
    • Coface continues to be backed by a solid balance sheet:
      • Estimated solvency ratio at ~196%2, above the upper end of target range (155% to 175%)
      • Proposal to distribute3 a dividend per share of €1.40 representing an 80% pay-out ratio
      • Earnings per share reached €1.75
    • Coface signed the acquisition of Cedar Rose, strengthening its capabilities in information services in the Middle East and Africa
    • Gonzague Noël has been appointed as Group Chief Operating Officer (COO)

    Unless otherwise indicated, change comparisons refer to the results as at 31 December 2023

    Xavier Durand, Coface’s Chief Executive Officer, commented:
    “2024 was marked by the launch of our Power the Core strategic plan which is deliberately focused on innovation.
    In an environment characterised by weak economic growth, a decrease of our clients’ activity and an increase in the number of bankruptcies, the discipline of our underwriting enabled us to contain the increase in the combined ratio, which rose moderately to 65.5%. Finally, we benefited from the repositioning of our investment portfolio to achieve a return on average tangible equity of 13.9%, above our mid-cycle targets. The net income of €261m marked the highest level since the transition to IFRS 17.
    All these achievements would not have been possible without the engagement of our employees.
    These good results and solid solvency ratio of 196% allow us to propose the payment of a dividend of €1.40 per share to the Shareholders’ meeting.”

    Key figures at 31 December 2024

    The Board of Directors of COFACE SA approved the consolidated financial statements at 31 December 2024 at its meeting of 20 February 2025. The Audit Committee at its meeting on 18 February 2025 also previously reviewed them. Accounts are non-audited, certification is in progress.

    Income statements items in €m 2023 2024 Variation % ex. FX*
    Insurance revenue 1,559.1 1,512.9 (3.0)% (2.2)%
    Services revenue 309.2 331.9 +7.4% +7.4%
    REVENUE 1,868.2 1,844.8 (1.3)% (0.6)%
    UNDERWRITING INCOME/LOSS AFTER REINSURANCE 395.4 368.7 (6.8)% (5.3)%
    Investment income, net of management expenses, excluding finance costs 12.4 91.7 638.0% 595.7%
    Insurance Finance Expenses (40.0) (42.5) 6.4% 12.9%
    CURRENT OPERATING INCOME 367.9 417.9 +13.6% +12.8%
    Other operating income / expenses (5.0) (8.6) 74.5% 74.2%
    OPERATING INCOME 362.9 409.2 +12.8% +12.0%
    NET INCOME (GROUP SHARE) 240.5 261.1 +8.6% +6.3%
             
    Key ratios 2023 2024 Variation
    Loss ratio net of reinsurance 37.7% 35.2% (2.5)% ppts
    Cost ratio net of reinsurance 26.6% 30.2% 3.6% ppts
    COMBINED RATIO NET OF REINSURANCE 64.3% 65.5% 1.2% ppt
             
    Balance sheet items in €m 2023 2024 Variation
    Total equity (group share) 2,050.8 2,193.6 +7.0%
    Solvency ratio 199% 196%1         -3 ppt

    * Also excludes scope impact

    1This estimated solvency ratio constitutes a preliminary calculation made according to Coface’s interpretation of Solvency II regulations and using the Partial Internal Model. The final calculation may differ from this preliminary calculation. The estimated solvency ratio is not audited.

    1.   Turnover

    In 2024, Coface recorded a consolidated turnover of €1,844.8 million, down by -0.6% at constant FX and perimeter compared to 2023. As reported (at current FX and perimeter), turnover was down -1.3%.

    Revenue from insurance activities (including bonding and Single Risk) fell -2.2% at constant FX and perimeter, although the year ended on a slightly more positive note (Q4-24 revenue from insurance activities rose +3.7% and total revenue increased +4.3%). Client retention remains high at 92.3% (but down from the record level in 2023), in a competitive market where Coface implemented risk mitigation plans that impacted renewals at the beginning of the year. New business rose to €126m, up €9m compared to 2023 driven by an increase in demand and the positive effects of investments for growth, mainly in the mid-market segment.

    Client activity grew modestly at 0.5%, below the historical average with an improvement in Q4-24 (+0.4%). Over the year, the decline in activity in the metals sector, with lower prices, partially offset the positive trend in the agri-food sector. The price effect remained negative at -1.4% in 2024 (vs. -1.9% in 2023), in line with long-term trends.

    Turnover from non-insurance activities was up +8.2% compared to 2023. Factoring turnover stabilised at +0.3% with a positive Q4-24 that reversed the full-year trend. Information services turnover rose +16.3%. Fee and commission income (debt collection commissions) increased by +19.6%, from a low base, due to the increase in claims to be collected and investments made in third-party debt collection. Commissions were up +6.6%.

    Total revenue – in €m
    (by country of invoicing)
    2023 2024 Variation % ex. FX4
    Northern Europe 379.6 362.2 (4.6)% (4.6)%
    Western Europe 380.1 391.8 +3.1% +0.4%
    Central & Eastern Europe 177.1 173.8 (1.9)% (3.2)%
    Mediterranean & Africa 526.3 538.5 +2.3% +5.6%
    North America 171.8 176.6 +2.7% (6.4)%
    Latin America 100.3 77.7 (22.5)% +4.0%
    Asia-Pacific 133.1 124.3 (6.6)% (7.1)%
    Total Group 1,868.2 1,844.8 (1.3)% (0.6)%

    In Northern Europe, turnover was down by -4.6% at constant and current FX, due to the selective non-renewal of some loss-making policies at the beginning of the year, despite the stabilisation of client activity in Q4-24.

    In Western Europe, turnover increased by +0.4% at constant FX (+3.1% at current FX and perimeter following the integration of certain African countries in the first half of the year) thanks to a sharp increase in information services sales (+30.3%) combined with a better Q4-24 in credit insurance under the effect of significant business catch-up.

    In Central and Eastern Europe, turnover fell -3.2% at constant FX (-1.9% at current FX) due to the decline in client activity, which weighed on credit insurance, despite a high client retention rate. Factoring was down -1.0% at constant exchange rates.

    In the Mediterranean and Africa region, which is driven by Italy and Spain, turnover rose +5.6% at constant FX and +2.3% at current FX driven by robust sales in credit insurance and services and a stronger economic environment.

    In North America, turnover was down -6.4% at constant FX but increased by +2.7% at current FX due to the integration of Mexico in this scope. The region saw a slowdown in client activity despite higher retention and a fairly strong economic environment.

    In Latin America, turnover rose +4.0% at constant FX but fell -22.5% at current FX. The region is benefiting from a recovery in client activity after 2023 was dominated by risk prevention actions. However, the transfer of Mexico to the North America region had a negative impact.

    In Asia-Pacific, turnover decreased by -7.1% at constant FX and -6.6% at current FX. This lower turnover was due to a slowdown in client activity that robust sales were unable to offset and selective non-renewal of certain policies.

    2.   Result

    • Combined ratio

    The annual combined ratio net of reinsurance was 65.5% in 2024, up 1.2 ppt year on year.

    (i)  Loss ratio

    The gross loss ratio stood at 33.4%, a 2.4 ppts improvement on the previous year. This improvement reflects both the gradual normalisation of the loss experience, offset by rising reserve releases. The amount of claims recorded is now higher than in 2019. The total number of claims decreased, offset by an increase in the number of mid-sized claims.

    The Group’s provisioning policy remained unchanged. The amount of provisions related to the underwriting year, although discounted, reflects the increase in the claims frequency. Strict management of past claims enabled the Group to record 51.9 ppts of recoveries.

    The net loss ratio improved to 35.2%, down 2.5 ppts compared to 2023.

    (ii)  Cost ratio

    Coface is pursuing a strict cost management policy and is continuing to invest, in line with its Power the Core strategic plan. As a result, over the full year 2024, costs rose by +5.5% at constant FX and perimeter, and by +5.3% at current FX.

    The cost ratio before reinsurance was 33.7%, up 2.2 ppts year on year. This rise was mainly due to the decline in revenues (1.0 ppt), embedded cost inflation (1.5 ppt) and ongoing investments (1.5 ppt). In contrast, the improved product mix (information services, debt collection and fee and commission income) had a positive effect. High reinsurance commissions explain the remainder of the variation.

    • Financial result

    Net financial income for 2024 was €91.7m, up sharply compared to 2023. This figure includes capital gains of +€11.4m, which more than offset negative market value adjustments on investments of -€2.9m. The FX effect remained slightly negative at -€2.7m but improved significantly compared to 2023, which was marked by the accounting effect of IAS 29 (hyperinflation) in Turkey and Argentina as well as the sharp devaluation of the Argentine peso.

    The portfolio’s current yield (i.e. excluding capital gains, depreciation and FX impact) was €96.6m, of which €25.7m in Q4-24. The accounting yield5, excluding capital gains and fair value effect, was 2.9% for 2024. The yield on new investments made year-to-date was 4.1% and fell in Q4-24 in line with the trend in market rates.

    Insurance Finance Expenses (IFE) stood at €42.5m (€40.0m in 2023).

    • Operating income and net income

    Operating income amounted to €409.2m in 2024, up +12.0% at constant FX.

    The effective tax rate was 29% for the year (vs. 27% in 2023), including the impact of Pillar 2 (global minimum tax).

    In total, net income (group share) was €261.1m, up +8.6% compared to 2023.

    3.   Shareholders’ equity

    At 31 December 2024, Group shareholders’ equity stood at €2,193.6m, up €142.8m or +7.0% (€2,050.8m at 31 December 2023).

    These changes are mainly due to the positive net income of €261.1m and the dividend payment of -€194.3m. Other items include changes in unrealised capital gains for €72.0m.

    The annualised return on average tangible equity (RoATE) was 13.9%, up 0.5 ppt mainly due to the improvement in financial income, which more than offset the decrease in underwriting income (decline in net premiums and slight increase in the combined ratio).

    The solvency ratio reached 196%6, representing a decrease of 3 ppts compared to FY-23. It remains well above the upper end of the target range (155%-175%).

    Coface will propose €1.40 dividend per share at the Shareholders’ meeting, corresponding to a payout ratio of 80%7, in line with its capital management policy.

    4.   Outlook

    Once again, the global economy experienced modest growth in 2024 (2.7%), in line with Coface’s forecasts and still driven being by the United States. The electoral calendar, which involved an unprecedented number of countries, delivered generally unsurprising outcomes, with some exceptions.

    For 2025, Coface is forecasting growth identical to that of 2024 at 2.7%. Further downgrades to European growth are likely to be offset by the good performance of the United States, while political risk remains. Donald Trump’s return to power seems to have been welcomed by economic circles so far, raising hopes of deregulation, which is stimulating in the short term but often carries longer-term risks. The announced introduction of tariffs for many countries is also a destabilising factor for global trade.

    Against this backdrop, Coface is anticipating a continued rise in bankruptcies, as businesses are caught between depleted levels of cheap financing and sluggish growth. Coface and its teams will continue to support their clients in this still uncertain environment.

    At the end of 2024, client activity finally posted a slightly positive performance after several quarters of decline. This slight rebound may give hope that the post-Covid decline in client activity has come to an end. In 2025, Coface will continue to implement its Power the Core strategic plan, which aims to develop a leading global ecosystem in credit risk management.

    5.   Governance evolution

    In the Executive Committee:

    • As of February 1st, 2025, Carole Lytton leads the Specialties Businesses, in addition to her role as General Secretary. She takes over from Antonio Marchitelli who decided to leave and take another appointment outside Coface after many years of dedication to the Group.
    • As of February 3rd, Gonzague Noël has been appointed as Group Chief Operating Officer (COO). He takes over Declan Daly, joins the Group executive committee and reports to Xavier Durand, Coface CEO.

    Conference call for financial analysts

    Coface’s results for FY-2024 will be discussed with financial analysts during the conference call on Thursday, 20 February 2025 at 18.00 (Paris time). Dial one of the following numbers:

    The presentation will be available (in English only) at the following address:
    http://www.coface.com/Investors/financial-results-and-reports

    Income statements items in €m
    Quarterly figures
    Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24   % %
    ex. FX*
    Insurance revenue 395.3 407.8 384.7 371.3 378.6 375.6 375.9 382.7   +3.1% +3.7%
    Other revenue 79.8 76.8 73.4 79.2 85.0 83.4 78.0 85.5   +8.0% +7.6%
    REVENUE 475.1 484.5 458.1 450.4 463.7 459.1 453.8 468.3   +4.0% +4.3%
    UNDERWRITING INCOME (LOSS)
    AFTER REINSURANCE
    95.3 103.5 91.2 105.4 100.3 94.7 88.8 84.9   (19.5)% (17.9)%
    Investment income, net of management expenses, excluding finance costs (2.6) 4.0 13.0 (2.0) 17.9 22.8 19.0 31.9   (1667)% (1568)%
    Insurance Finance Expenses (2.4) (12.3) (15.4) (9.9) (11.4) (6.7) (7.3) (17.1)   +73.3% +77.9%
    CURRENT OPERATING INCOME 90.4 95.2 88.9 93.5 106.8 110.9 100.5 99.7   +6.7% +7.9%
    Other operating income / expenses (0.3) (0.4) (0.2) (4.0) (0.1) (0.5) (2.6) (5.5)   +38.3% +36.4%
    OPERATING INCOME 90.0 94.8 88.6 89.5 106.8 110.4 97.9 94.2   +5.2% +6.6%
    NET INCOME (GROUP SHARE) 61.2 67.7 60.9 50.8 68.4 73.8 65.4 53.4   +5.1% +4.9%
    Income tax rate 25.5% 21.9% 24.2% 36.0% 27.2% 26.8% 25.5% 36.2%   +0.2 ppt

    Appendices

    Quarterly results

    Cumulated results*

    Income statements items in €m
    Cumulated figures
    Q1-23 H1-23 9M-23 2023 Q1-24 H1-24 9M-24 2024   % %
    ex. FX*
    Insurance revenue 395.3 803.1 1,187.8 1,559.1 378.6 754.3 1,130.2 1,512.9   (3.0)% (2.2)%
    Other revenue 79.8 156.6 230.0 309.2 85.0 168.5 246.4 331.9   +7.4% +7.4%
    REVENUE 475.1 959.7 1,417.8 1,868.2 463.7 922.7 1,376.6 1,844.8   (1.3)% (0.6)%
    UNDERWRITING INCOME (LOSS)
    AFTER REINSURANCE
    95.3 198.8 290.0 395.4 100.3 195.0 283.8 368.7   (6.8)% (5.3)%
    Investment income, net of management expenses, excluding finance costs (2.6) 1.4 14.5 12.4 17.9 40.8 59.8 91.7   +638.0% +595.7%
    Insurance Finance Expenses (2.4) (14.7) (30.1) (40.0) (11.4) (18.1) (25.4) (42.5)   +6.4% +12.9%
    CURRENT OPERATING INCOME 90.4 185.5 274.4 367.9 106.8 217.7 318.2 417.9   +13.6% +12.8%
    Other operating income / expenses (0.3) (0.7) (0.9) (5.0) (0.1) (0.5) (3.1) (8.6)   +74.5% +74.2%
    OPERATING INCOME 90.0 184.8 273.4 362.9 106.8 217.2 315.1 409.2   +12.8% +12.0%
    NET INCOME (GROUP SHARE) 61.2 128.8 189.7 240.5 68.4 142.3 207.7 261.1   +8.6% +6.3%
    Income tax rate 25.5% 23.7% 23.8% 26.8% 27.2% 27.0% 26.5% 28.7%   +1.9 ppt  

    * Also excludes scope impact

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    Q1-2025 results: 5 May 2025 (after market close)
    Annual General Shareholders’ Meeting: 14 May 2025
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2023 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

      Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets. with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is listed in Compartment A of Euronext Paris
    ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2023 Universal Registration Document filed with AMF on 5 April 2024 under the number D.24-0242 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.


    1RoATE = Return on average tangible equity
    2This estimated solvency ratio is a preliminary calculation made according to Coface’s interpretation of Solvency II regulations and using the Partial Internal Model. The final calculation may differ from this preliminary calculation. The estimated solvency ratio is not audited.
    3The distribution proposal will be submitted to the Shareholders’ Meeting to be held on 14 May 2025.
    4 Also excludes scope impact
    5 Book yield calculated on the average of the investment portfolio excluding non-consolidated subsidiaries.
    6 This estimated solvency ratio is a preliminary calculation made according to Coface’s interpretation of Solvency II regulations and using the Partial Internal Model. The final calculation may differ from this preliminary calculation. The estimated solvency ratio is not audited.
    7 The distribution proposal will be submitted to the Shareholders’ Meeting to be held on 14 May 2025.

    Attachment

    The MIL Network

  • MIL-OSI United Kingdom: Manchester Digital Campus gets green light

    Source: United Kingdom – Executive Government & Departments

    A major government office complex has been given planning consent to be built in Manchester.

    A major government office complex has been given planning consent to be built in Manchester.

    Manchester Digital Campus will be a state-of-the-art hub constructed on the former Central Retail Park in Ancoats after the city’s planning committee approved the Government Property Agency’s (GPA) scheme at a meeting today (Thursday 20 February 2025).

    The campus will bring together a number of Civil Service departments with a focus around digital skills and create significant employment opportunities and economic benefits in the region.

    Mark Bourgeois, CEO at the GPA, said:

    We are delighted with the decision and are grateful for the support of the many stakeholders in Manchester. The GPA team is proud to be working on this exciting project in support of the Government’s growth mission.

    The GPA exchanged contracts to acquire five-and-a-half acres of the former Central Retail Park in Ancoats from the city council in May last year with a view to constructing a state-of-the-art digital campus.

    Both the agency and Manchester City Council have been working together on the plans for Ancoats, culminating in a parallel proposal for the digital campus and an adjacent public park.

    The council and the GPA held a joint consultation around emerging plans for the former retail site in August and September last year, inviting local residents, businesses and other stakeholders to help guide proposals to create the new government digital campus – delivered by the GPA – and a new city centre park space, delivered by the council.

    Mark added:

    We are pleased to be working with Manchester City Council on these regeneration  plans, and look forward to creating fantastic and sustainable workplaces to support the transformation of the Civil Service.

    This proposed development, builds on the work MCC and the GPA undertook last year in putting in place an updated Strategic Regeneration Framework, and the shared ambition to regenerate the Ancoats former retail site, creating employment and wider business opportunities, supported by the digital campus.

    New city centre park  

    Alongside the new campus, the new park will improve access to quality green space in Manchester city centre, creating a connection to the existing Cotton Field Park behind and through to Ancoats and New Islington.  

    The park space has been designed in collaboration with landscape architects Planit-IE following public consultation.  

    A central lawn and plaza will create a green buffer to Great Ancoats Street, with various tiered gardens navigating the different level changes across the site, alongside play areas, paths and tranquil areas to escape the noise of the city. The park has been designed to make sure that it is fully accessible. 

    The site will accommodate new walking and cycling routes, helping to link to other city centre active travel investment in Ancoats, Northern Quarter and out towards the Etihad Campus.

    To note – development across the rest of the site will be brought forward as a later development phase. More information will be made available in due course.

    Leader of the Council, Bev Craig said: 

    Gaining planning approval for both the GPA’s digital campus and the latest city centre park is the launchpad for the transformation of this site.  

    Our ambition has long been to bring the former retail park back into active use and working in partnership with the GPA we are delivering a quality, low carbon development that will bring 7,000 civil service jobs to Manchester in the coming years. 

    The new digital campus plays to Manchester’s strengths. We have fostered one of the fastest growing tech and digital communities in the UK, with a growing international reputation. The transformation of this brownfield site supports our ongoing growth in the sector, which translates into quality employment and development opportunities for our residents.  

    We stand ready to work with this Government to bring forward other ambitious investments in Manchester that can continue our path of sustainable economic growth, supporting our residents to thrive. 

    At the same time, the new park is a welcome addition to our city centre green spaces and a reimagining of the former retail site that has for many years acted only as a barrier to the community behind – and an eyesore in one of the most exciting parts of our city.

    For more information contact comms@gpa.gov.uk

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: The Global Geopolitical Situation: Foreign Secretary speech at G20 South Africa

    Source: United Kingdom – Executive Government & Departments

    Foreign Secretary David Lammy’s intervention on Discussions on the Global Geopolitical Situation at the G20 Foreign Ministerial Meeting, South Africa

    Thank you very much, Ronald (Ronald Lamola, Minister of International Relations and Cooperation of South Africa) and let me say, my dear brother, what a joy is to see the G20 in Africa at long last. And we thank Brazil for its stewardship last year.

    The challenges that we face are truly global.

    We will not begin to tackle them unless we harness the potential of this continent, bursting with growth and opportunities and with so many young people, talented young people at its heart.

    The starkest challenge we face is escalating conflict, both between and within nations, driving vicious cycles of grievance, displacement and low growth.

    Your presidency, Ronald calls for solidarity, and solidarity starts by recognizing and naming the victims of war and injustice.

    Innocent Ukrainians enduring bombardment night after night from Odessa to Zaphorizhya, the hostages still cruelly held underground by Hamas, 16 months old on from the trauma of October the 7th, and the Palestinian civilians driven from their homes in Gaza and the West Bank, the Sudanese refugees flee their burning villages to escape across the border to Chad, the overwhelming majority of them, women and children having endured the most unimaginable and indiscriminate violence.

    As I said when I visited Chad, there can be no geopolitical stability, whilst there remains a hierarchy of conflicts, with those on this continent finding themselves at the bottom of the global pile.

    And that’s why, since starting this job, I’ve made a reset with the so called Global South, a central plank of the UK Foreign Policy, and it’s why I doubled British aid for Sudan, and I prepared a conference in London to push for a political process which will end the fighting and protect civilians.

    And that’s why I’ve called out the Rwandan Defence Force operations in the eastern DRC as a blatant breach of the UN Charter which risks spiralling into a regional conflict, and that’s why I will again make clear to President Kagame, that further breaches of DRC’s sovereignty will have consequences.

    Because at the heart of my government’s approach to foreign policy lies the belief that regional and geopolitical stability can only be delivered through respect for international law and the principles of the UN Charter.

    And as my Canadian, Australian, Japanese colleagues have said, respect for international law must underwrite a free and open Indo Pacific, just as it must underwrite the Euro Atlantic, with the security of those two regions ever more closely linked.

    And as we turn to the Middle East, the ceasefire in Gaza is painfully fragile, I’m grateful that so many of us here today are working together to ensure that it holds we must continue to work together tirelessly to secure the release of the remaining hostages, to bolster the Palestinian Authority, and to boost aid into Gaza and to develop a long term plan for governance and security on the strip so that we can advance towards, a two state solution. Which remains the only long term viable pathway to peace.

    And finally, in Ukraine, the only just and lasting peace will be a peace that is consistent with the UN Charter, and we want that as soon as possible.

    You know, mature countries learn from their colonial failures and their wars, and Europeans have had much to learn over the generations and the centuries.

    But I’m afraid to say that Russia has learned nothing.

    I listened carefully to Minister Lavrov intervention just now he’s, of course, left his seat, hoping to hear some readiness to respect Ukraine’s sovereignty.

    I was hoping to hear some sympathy for the innocent victims of the aggression.

    I was hoping to hear some readiness to seek a durable peace.

    What I heard was the logic of imperialism dressed up as a realpolitik, and I say to you all, we should not be surprised, but neither should we be fooled.

    We are at a crucial juncture in this conflict, and Russia faces a test.

    If Putin is serious about a lasting peace, it means finding a way forward which respects Ukraine’s sovereignty and the UN Charter which provides credible security guarantees, and which rejects Tsarist imperialism, and Britain is ready to listen.

    But we expect to hear more than the Russian gentleman’s tired fabrications.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Nick Park CBE, unveils statue of Feathers McGraw at Animate, Preston

    Source: City of Preston

    Nick Park CBE, four-time Academy Award®-winner and Preston-born creator of Wallace & Gromit, has officially opened the city’s £45m+ Animate entertainment and leisure destination.

    The Honorary Freeman of Preston and multi award-winning filmmaker, unveiled a four-foot-high bronze statue of Feathers McGraw, the villainous penguin character in the Wallace & Gromit animated films, to mark the opening, close by to the existing famous Wallace & Gromit bench at Preston Markets.

    Joining Nick at the unveiling were the Mayor of Preston Councillor Philip Crowe, Chris Butler and Chris Jones, owners and directors of Castle Fine Arts Foundry, which created the statue, and Merlin Crossingham, Bafta@ award-winning creative co-director of Wallace and Gromit at Aardman Animations.

    Nick and Merlin are executive directors and creative directors, respectively, at Bristol-based independent studio Aardman, makers of the Wallace & Gromit films and other beloved brands, including Shaun the Sheep, Creature Comforts, Chicken Run, and Morph.

    Nick Park CBE said:

    “As a proud Prestonian, I couldn’t be more ‘egg-cited’ to see our infamous Feathers McGraw joining Wallace and Gromit in my hometown.

    “I’m not sure how happy Wallace and Gromit will be, though, to have their arch nemesis clutching the limelight.”

    Councillor Matthew Brown, Leader at Preston City Council said:

    “To have Nick Park officially opening our flagship regeneration scheme, Animate, is a genuine honour and landmark moment for the Council and the city. In addition, the new Feathers McGraw statue is a fantastic complement to the Wallace and Gromit bench, which has drawn so many visitors to Preston – its popularity has blown us away.

    “Today heralds a new era for Preston, providing an unrivalled multi-tenanted entertainment and leisure complex for residents and visitors from the wider regionin the ownership of our city.”

    Chris Jones, Director at Castle Fine Arts Foundry added:

    “It was such an honour for us all at the Foundry to be given the opportunity to depict the deliciously malign Feathers McGraw in bronze, having enjoyed creating Wallace & Gromit a couple of years ago.

    “We had felt Feathers ‘wee beady eyes’ upon us in the workshop for a good few months since we completed him, so it was both a relief and a joy to put him where he truly belongs, alongside his arch nemeses in Preston.”

    Animate features The Arc Cinema with eight screens, 16-lane Hollywood Bowl bowling alley with gaming zone, public realm, a socialising unit and 164-space basement car park, alongside leading family restaurant brands Ask Italian, Cosmo, Taco Bell, Argento Lounge and a variety of street food outlets and a cocktail bar in Mad Giant Food Hall, run by Northern Lights Group.

    The scheme was delivered by Maple Grove Developments (MGD), part of Preston-based contractor Eric Wright Group, on behalf of Preston City Council. Commercial property agents Sanderson Weatherall are the estate managers.

    Built on the former indoor market and car park site, Animate is fully owned by Preston City Council and is one of six major projects in Preston’s Harris Quarter Towns Fund Investment Programme, a £200m programme including £20.9m of funding by UK Government to support several regeneration projects.

    The leisure scheme supports the Council’s commitment to Community Wealth Building – a fair, inclusive and ethical approach to fostering sustainable economic development and prosperity for all in Preston – via measures including using locally based businesses and the creation of approximately 300 full and part-time jobs when fully open and 105 apprenticeship weeks worked throughout the construction period to date.

    Opening dates at Animate

    • Argento Lounge – Open
    • Taco Bell – Open
    • The Arc Cinema – Open
    • Hollywood Bowl – opening March
    • Ask Italian – opening early April 
    • Mad Giant Food Hall – coming soon  
    • Cosmo – coming soon

    Visit Animate Preston for more information

    Harris Quarter Towns Fund Investment Programme

    Projects included in Preston’s £200 million Harris Quarter Towns Fund Investment Programme are:

    • Animate – £45m multi-use entertainment and leisure complex anchored by a state-of-the-art cinema and bowling venue next to Preston Markets
    • Educate Preston: The creation of a new Careers and Employment, Information, Advice and Guidance Hub in the Harris Quarter.
    • Renewal of Harris Quarter Assets: Investment to support the redevelopment of publicly-owned buildings in the Harris Quarter to support new cultural and community uses, including Amounderness House.
    • Illuminate and Integrate: A project to deliver improved pedestrian and cycleway infrastructure, street lighting and other public realm improvements within the Harris Quarter.
    • Preston Youth Zone:The development of Preston Youth Zone as a state-of-the-art facility for young people in Preston aged eight to 19.
    • #HarrisYourPlace:The refurbishment of the Grade I listed Harris Museum, Art Gallery & Library, enhancing and protecting the building for future generations.
    • Preston Pop Ups: £1m pop-up programme of events bringing together new temporary event space, artworks and improvements to public realm infrastructure, aimed at boosting visitor activity in the Harris Quarter.

    For more information, visit Invest Preston.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Council commemorates tenth anniversary of Care Day with tree planting ceremony

    Source: Northern Ireland City of Armagh

    To mark the tenth anniversary of Care Day, Armagh City, Banbridge and Craigavon Borough Council held a special tree planting ceremony at the Palace Demesne, Armagh recently. Pictured at the event was Lord Mayor of Armagh City, Banbridge and Craigavon, Councillor Sarah Duffy, Geraldine McGuigan and young people from VOYPIC, with Councillors Jessica Johnston and Peter Lavery.

    In a heartfelt commitment to the wellbeing of local young people in care, Armagh City, Banbridge and Craigavon Borough (ABC) Council held a special tree planting ceremony to celebrate the tenth anniversary of Care Day.

    The event, which took place on Wednesday 12 February at the Palace Demesne in Armagh saw representatives from Voice of Young People in Care (VOYPIC), elected representatives and council staff come together to mark this special occasion and honour those with lived care experience.

    Symbolising growth, strength and hope for the care-experienced youth, this tree is a living tribute that will serve as a reminder of ABC Council’s commitment to nurturing a brighter future for all young people in our community.

    Speaking at the event, Lord Mayor of Armagh City, Banbridge and Craigavon, Councillor Sarah Duffy said:

    “We are thrilled to celebrate the tenth anniversary of Care Day by taking meaningful action to support our young people in care. This tree is not only a symbol of our commitment to the care community but also represents the resilience and potential of the young individuals who inspire us each day.”

    This tree planting ceremony to mark the tenth anniversary of Care Day was proposed by Councillor Jessica Johnston (Alliance Party NI).

    Care Day, which takes place on Friday 21 February 2025, is a day dedicated to raising awareness and celebrating the lives of children and young people in care. The initiative emphasises the importance of community support, inclusion, and resilience for those who have navigated the challenges of the care system.

    Care Day in the UK and Ireland is a joint initiative across five children’s rights charities and is led in Northern Ireland by Voice of Young People in Care.

    To learn more about Care Day 2025, click here.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Manchester Digital Campus and latest city centre park gets planning green light

    Source: City of Manchester

    A major government office complex bringing 7,000 civil service jobs to Manchester alongside a new urban park have been given planning consent to be built in Ancoats.

    A major government office complex bringing 7,000 civil service jobs to Manchester alongside a new urban park have been given planning consent to be built in Ancoats.

    Manchester Digital Campus

    The campus will be a state-of-the-art hub constructed on the former Central Retail Park in Ancoats after the city’s planning committee approved the Government Property Agency’s (GPA) scheme at Manchester City Council planning committee today (Thursday 20 February)

    The campus will bring together a number of Civil Service departments with a focus around digital skills and create significant employment opportunities and economic benefits in the region.

    The state-of-the-art campus will bolster Manchester’s digital and tech sector, driving economic growth and new employment opportunities for the city.  

    New City Centre Park

    Alongside the new campus, the new park will improve access to quality green space in Manchester city centre, creating a connection to the existing Cotton Field Park behind and through to Ancoats and New Islington.

    The park space has been designed in collaboration with landscape architects Planit-IE following public consultation.

    A central lawn and plaza will create a green buffer to Great Ancoats Street, with various tiered gardens navigating the different level changes across the site, alongside play areas, paths and tranquil areas to escape the noise of the city. The park has been designed to make sure that it is fully accessible.

    The site will accommodate new walking and cycling routes, helping to link to other city centre active travel investment in Ancoats, Northern Quarter and out towards the Etihad Campus.

    Mark Bourgeois, CEO at the GPA, said:

    “We are delighted with the decision and are grateful for the support of the many stakeholders in Manchester. The GPA team is proud to be working on this exciting project in support of the Government’s growth mission.”

    The GPA exchanged contracts to acquire five-and-a-half acres of the former Central Retail Park in Ancoats from the city council in May last year with a view to constructing a state-of-the-art digital campus.

    Both the agency and Manchester City Council have been working together on the plans for Ancoats, culminating in a parallel proposal for the digital campus and an adjacent public park.

    The council and the GPA held a joint consultation around emerging plans for the former retail site in August and September last year, inviting local residents, businesses and other stakeholders to help guide proposals to create the new government digital campus – delivered by the GPA – and a new city centre park space, delivered by the council.

    Mark added:

    “We are pleased to be working with Manchester City Council on these regeneration plans, and look forward to creating fantastic and sustainable workplaces to support the transformation of the Civil Service.

    “This proposed development, builds on the work MCC and the GPA undertook last year in putting in place an updated Strategic Regeneration Framework, and the shared ambition to regenerate the Ancoats former retail site, creating employment and wider business opportunities, supported by the digital campus.”

    Leader of the Council Bev Craig said:

    “Gaining planning approval for both the GPA’s digital campus and the latest city centre park is the launchpad for the transformation of this site.  

    “Our ambition has long been to bring the former retail park back into active use and working in partnership with the GPA we are delivering a quality, low carbon development that will bring 7,000 civil service jobs to Manchester in the coming years. 

    “The new digital campus plays to Manchester’s strengths. We have fostered one of the fastest growing tech and digital communities in the UK, with a growing international reputation. The transformation of this brownfield site supports our ongoing growth in the sector, which translates into quality employment and development opportunities for our residents.  

    “We stand ready to work with this Government to bring forward other ambitious investments in Manchester that can continue our path of sustainable economic growth, supporting our residents to thrive. 

    “At the same time, the new park is a welcome addition to our city centre green spaces and a reimagining of the former retail site that has for many years acted only as a barrier to the community behind – and an eyesore in one of the most exciting parts of our city.”  

    Find out more about the redevelopment of the former retail site. 

    Read the planning applications here

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Council seeks community solution to vacant buildings

    Source: City of Liverpool

    The future of six vacant properties, including a Victorian chapel, is set to be decided at a meeting of Liverpool City Council’s Cabinet next week.

    A report is recommending that the half-dozen Council-owned premises be handed over to charities and community groups operating in the city.

    If agreed, the empty properties will be the latest to be added to Liverpool’s Community Asset Transfer (CAT) programme.

    It means that, subject to an approved, fully-costed business plan, qualifying groups will be able to take control of the buildings to deliver a range of community-based projects.

    The recommended premises for phase two of the CAT programme are:

    • Anfield Cemetery Chapel
    • Garston Urban Village Hall
    • Knotty Ash Community Centre
    • Joseph Gibbons Day Centre, Sefton Park
    • St Brendan’s Church/Shrine, Old Swan
    • Former Lodge Lane Library

    Liverpool’s CAT programme was launched in 2022 and introduced the idea of exchanging ‘social value’ for monetary value which can be used to offset the cost of Council-owned assets.

    Voluntary and community organisations, social enterprises and other not-for-profits can apply to take on ownership of any of the properties under the programme on either a long-term or short-term basis.

    The group’s business plan will then be evaluated to ensure that they offer significant social, community or environmental benefits to Liverpool residents. If the plans qualify, the Council will transfer ownership of the premises for less than its market value.

    Not only will the successful groups then by able to use the premises as a hub to work from, but they can also use the commercial market value of the land to support any bids for funding or loans.

    Phase one of the CAT programme offered a number of premises to interested groups, including land on Mulgrave Street, Rosebery Street, Adlam Park Sports Pavilion, and Speke Adventure Playground Centre. Talks are currently taking place between the Council and community-based organisations to secure new uses for the sites.

    All premises have been chosen to ensure that there is a variety of land and properties up for consideration across the North and South of the city.

    • Subject to Cabinet approval, the Council will seek to advertise CAT Phase Two properties in April on the council website.

    Councillor Nick Small, Liverpool City Council’s Cabinet Member for Growth and Economy, said: “Since the start of our Community Asset Transfer programme, we’ve had a lot of interest from community groups and heard about some fantastic future projects.

    “These new premises would allow us to support even more local groups, who, in turn, are making a huge difference in their neighbourhoods. Each building proposed for the second phase has so much potential but is currently sat empty and unused.

    “By offering them to interested groups within the community, the Council will be able to save on unnecessary maintenance costs and provide charities and organisations with a space they may otherwise be unable to afford.

    “The efforts of our third-party sector are essential in supporting the city’s most vulnerable residents and giving a voice to those in need. Community transfers are a way for us to support the vital work that goes on every single day.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: UK Chair statement: Ministerial Roundtable on Sudan

    Source: United Kingdom – Executive Government & Departments

    Statement highlighting UK Minister for Development, Anneliese Dodd’s attendance at a ministerial roundtable to urgently address the rapidly deteriorating humanitarian crisis in Sudan.

    On 13 February, the UK Minister for Development, Anneliese Dodds MP, convened Ministers and other representatives virtually from Canada, Egypt, EU, France, Germany, Saudi Arabia, Netherlands, Norway, Qatar, UAE and USA with the UN Emergency Relief Coordinator, Tom Fletcher. The participants discussed how to urgently address the rapidly deteriorating humanitarian crisis in Sudan where over 30 million people are in urgent need of assistance, more than 12 million are displaced and famine conditions have been confirmed.

    The participants agreed on the critical need for both warring parties to adhere to their commitments agreed in the Jeddah Declaration to respect international humanitarian law, protect civilians and facilitate the rapid and unimpeded passage of humanitarian relief both into and throughout Sudan. They expressed concern that only a fraction of aid available has been able to reach those in most need and discussed the importance of all sides lifting the bureaucratic impediments that are unnecessarily blocking or delaying the distribution of aid.

    They took note of other efforts to galvanise international action and attention on the humanitarian situation in Sudan, including the High-Level Humanitarian Conference for the People of Sudan co-hosted by Ethiopia, UAE, the African Union and the Intergovernmental Authority on Development on 14 February that called for a Ramadan humanitarian pause and the launch of the 2025 UN Sudan Humanitarian Needs and Response Plan and the Regional Refugee Response Plan on 17 February.

    The participants re-affirmed their commitment to the Sudanese people and agreed to re-convene at regular intervals to strengthen the international response to the humanitarian crisis in Sudan.

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    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom