Category: European Union

  • MIL-OSI Europe: Press release – Press conference: Call for EU support for the International Criminal Court (ICC)

    Source: European Parliament

    Today, the Chair of the Subcommittee on Human Rights will hold a press conference in Strasbourg, after President Trump issued an executive order imposing sanctions on the ICC.

    When: Tuesday 11 February 15.00 CET

    Where: European Parliament, Strasbourg, Daphne Caruana Galizia press conference room (WEISS N -1/201)

    Participants:

    – Chair of the Subcommittee on Human rights (DROI) Mounir Satouri (Greens/EFA, France);
    – Mama Bea, member of the NGO “Association des mamans Anti-Bwaki” (AMAB), implementing partner of the ICC Trust Fund for Victims in DRC;
    – David Yambio, victim of Almasri in Libya, President and spokesperson for Refugees in Libya Association.

    Interpretation will be provided in English, French, German, Italian, Spanish and Polish.

    Accredited media representatives may attend the press conference in person. Journalists wishing to ask questions remotely can connect via Interactio. The press conference will also be web streamed live and recorded on the Parliament’s Multimedia Centre.

    Background

    On 6 February 2025, US President Donald Trump issued an executive order imposing sanctions on the International Criminal Court, including suspending the entry of ICC officials, employees, and agents, as well as their immediate family members into the United States.

    A delegation of MEPs of the Subcommittee on Human rights travelled to The Hague on 29-30 October 2024 to meet with members of the International Court of Justice, the International Criminal Court (ICC), EUROJUST and other key partners. After the mission, DROI Chair said he was concerned about the serious threats these institutions face, underlining the crucial role of the ICC to support the victims and declared that  International Criminal Court decisions were binding on all EU member states.

    In their annual report 2023 on Human rights and democracy in the world and the EU’s policy on the matter, MEPs condemned attempts to undermine the work of the ICC and its legitimacy, and called for the EU and its member states to encourage their partners to ratify the Rome Statute and its amendments, expanding the Court’s jurisdiction.

    Information for the media – Use Interactio to ask questions

    To ask questions remotely during the press conference, please connect via Interactio using this link: https://ep.interactio.eu/s871-h7gf-91mi

    Interactio is only supported on iPad (with the Safari browser) and Mac/Windows (with the Google Chrome browser). When connecting, enter your name and the media you are representing in the first name / last name fields. For better sound quality, use headphones and a microphone. Interpretation is only possible for interventions with video.

    Journalists who have never used Interactio before are asked to connect 30 minutes before the start of the press event to perform a connection test. IT assistance can be provided if necessary. When connected, open the chat window (upper right corner) to be able to see the service messages.

    MIL OSI Europe News

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the further deterioration of the political situation in Georgia – B10-0106/2025

    Source: European Parliament

    Reinier Van Lanschot, Mārtiņš Staķis, Maria Ohisalo, Sergey Lagodinsky, Markéta Gregorová, Ville Niinistö, Erik Marquardt, Nicolae Ştefănuță, Villy Søvndal
    on behalf of the Verts/ALE Group

    B10‑0106/2025

    European Parliament resolution on the further deterioration of the political situation in Georgia

    (2025/2522(RSP))

    The European Parliament,

     having regard to its previous resolutions on Georgia,

     having regard to the statement of 1 December 2024 by the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy (VP/HR) Kaja Kallas and Commissioner for Enlargement Marta Kos on Georgia,

     having regard to the Council conclusions on Enlargement of 17 December 2024,

     having regard to the Association Agreement of July 2016 between the European Union and the European Atomic Energy Community and their Member States, of the one part, and Georgia, of the other part, and its establishment of a Deep and Comprehensive Free Trade Area,

     having regard to Rule 136(2) of its Rules of Procedure,

    A. whereas mass grass-roots protests have been taking place in Georgia since the October 2024 parliamentary election; whereas civil society, opposition parties and international and local observers did not accept the reported election results and continue to demand a new election; whereas the protests have been marred by the police’s use of excessive and disproportionate violence, countless arrests and the ill treatment of detainees while in custody;

    B. whereas local and international human rights organisations have documented a worrying trend of police brutality, stating that hundreds of protesters, dispersed and arrested by police, have faced violence that, in some cases, amounts to torture; whereas Georgia’s police forces are operating under a veil of apparent impunity, using sporadic acts of violence by protesters, often provoked by their own actions, as a pretext for repression; whereas no officials responsible for abuses have been held accountable;

    C. whereas hundreds of anti-government protesters and activists are still being detained, of whom more than 300 are alleging that they suffer beatings, torture and other ill treatment in detention; whereas detainees face swift court hearings resulting in fines or detention for alleged administrative offences, while dozens of people have been arrested on criminal charges in the context of the ongoing anti-government protests;

    D. whereas UN experts have condemned the pattern of repression and human rights violations in Georgia, while the Organization for Security and Co-operation in Europe has called this suppression a serious breach of the right of freedom of assembly;

    E. whereas prominent journalist Mzia Amaghlobeli, founder of Georgian independent news outlets Batumelebi and Netgazeti, was detained in Batumi on 12 January 2025 for posting a protest poster and then detained again after she suffered ill treatment while in detention, which allegedly resulted in her slapping a Batumi police officer who had insulted her; whereas the Georgian Prosecutor’s Office then charged her with ‘attacking a police officer,’ a criminal offence that carries a prison sentence of four to seven years; whereas on 20 January, it became known that Amaghlobeli had begun a hunger strike; whereas international and local human rights organisations, foreign and Georgian politicians, 14 embassies and more than 300 Georgian journalists, editors and media managers have expressed deep concern about her medical condition and called for her immediate release;

    F. whereas the ruling Georgian Dream party convened the new parliament in violation of the country’s constitution, resulting in a boycott of parliament by the opposition; whereas on 5 February 2025, Georgian Dream members of parliament (MPs) voted to strip 49 opposition MPs of their mandates; whereas Georgian authorities have arrested several opposition figures, including politicians Nika Melia and Gigi Ugulava;

    G. whereas Georgian Dream has adopted new legislation that came into effect on 30 December 2024, which imposes further arbitrary restrictions on the rights of freedom of expression and peaceful assembly, along with hefty fines for the use of protest slogans or posters, and enables preventive detentions of anyone suspected of planning to violate these rules governing public assembly or other laws, for up to 48 hours; whereas the authorities are routinely abusing administrative and criminal proceedings by the Georgian authorities as part of the worsening crackdown on protest and peaceful dissent;

    H. whereas the Georgian authorities continue to ignore the numerous local and international calls to repeal the law ‘on transparency of foreign influence’ and the law ‘on family values and protection of minors’; whereas Georgian Dream has, however, announced plans to replace the so-called foreign agent legislation with a tougher law it describes as a ‘direct copy of the current US Foreign Agents Registration Act’; whereas Georgian Dream has also announced plans for a new draft law on media control which would reportedly restrict media funding from foreign sources, establish ‘standards for media objectivity and journalistic ethics’ and define institutional mechanisms for monitoring and safeguarding these standards;

    I. whereas a growing number of civil servants have been dismissed after speaking out against the halting of Georgia’s EU membership process, with Prime Minster Kobakhidze stating that the country’s civil service was going through a ‘process of self-cleansing’;

    J. whereas Giorgi Gakharia, leader of the For Georgia party and former prime minister, and Zviad Koridze, a journalist and a member of Transparency International Georgia, were physically assaulted in two separate incidents on 15 January;

    K. whereas Article 78 of the Georgian Constitution states that the constitutional bodies must take all measures within the scope of their competences to ensure the full integration of Georgia into the European Union;

    L. whereas the EU has firmly halted Georgia’s EU accession process, redirected EU funding from Georgia’s government to civil society and suspended visa-free travel to the EU for Georgian diplomats and officials; whereas, at the December 2024 Foreign Affairs Council, Hungary and Slovakia blocked broadly demanded targeted sanctions against leading Georgian officials, including Bidzina Ivanishvili;

    M. whereas Estonia, Latvia and Lithuania have bilaterally imposed targeted sanctions against Ivanishvili and 10 government officials, including Prime Minister Irakli Kobakhidze and Interior Minister Vakhtang Gomelauri; whereas, in December 2024, the US imposed individual sanctions against Ivanishvili, while the UK imposed individual sanctions against Mr Gomelauri, Deputy Interior Minister Aleksandre Darakhvelidze, Tbilisi Police Department Director Sulkhan Tamazashvili, Chief of the Special Tasks Department Zviad Kharazishvili, and Deputy Head of the Special Tasks Department Mileri Lagazauri; whereas on 13 January 2025, UK MP James MacCleary put forward a motion to sanction Ivanishvili in the House of Commons;

    N. whereas Ivanishvili and his family members have reportedly begun transferring their business assets, worth dozens of millions of euros, from offshore entities to Georgia-registered companies following the imposition of the US targeted sanctions;

    O. whereas a significant incentive for Georgian Dream and Ivanishvili in particular to remain on their confrontational path with democracy at home and against European integration is their confidence in cultivating alternative economic development opportunities with Russia, and the continued and growing geo-economic leverage of Georgia in respect of the West; whereas Georgia is a key partner country of the ‘Middle Corridor’ in terms of connectivity, energy and trade relations;

    1. Stands in solidarity with all people in Georgia who, for over three months, have been protesting for their country’s democracy and constitution, human rights and EU values; reiterates its unwavering support for the Georgian people’s legitimate European aspirations and their wish to live in a prosperous and democratic country, free from corruption, that fully respects fundamental freedoms, protects human rights and guarantees an open society, independent media and free and fair elections;

    2. Reconfirms its position that the reported extensive electoral fraud during the October 2024 parliamentary election undermined the integrity of the election process, the legitimacy of the results and the public’s trust in any new government, and that the results therefore do not serve as a reliable representation of the will of the Georgian people; calls for a new election within a year, and for the process to be conducted in an improved electoral environment by an independent and impartial election administration, under diligent international observation, in order to ensure a genuinely fair and transparent electoral process;

    3. Considers that the actions of the Georgian Dream party, both in parliament and on the streets against its own citizens, are rapidly steering the country towards authoritarianism, in a seemingly deliberate attempt to demonstrate that the will of the Georgian people no longer determines the country’s future;

    4. Condemns all violence against protesters and the ill treatment of detainees by Georgia’s police forces, especially the growing reports of torture; strongly urges the Georgian authorities to guarantee the right of citizens to assemble and to refrain from using unwarranted force against them; demands that all officials responsible for unlawful use of force, including acts of torture and other ill treatment, must be held fully accountable;

    5. Calls for the immediate and unconditional release of political prisoners and those detained during the anti-government protests; expresses its deep concern about the medical condition of Mzia Amaghlobeli and denounces Georgian Dream for her unlawful detention and criminal prosecution, which was intended to instil fear among independent media representatives, activists and civil society at large;

    6. Condemns the termination of the mandates of 49 opposition MPs by Georgian Dream; considers this the latest step in Georgian Dream’s attack on political pluralism in the country; warns the Georgian authorities that any attempts to turn its threats of a ban on established political parties into a reality would alienate Georgia from the EU and make any move towards EU accession impossible;

    7. Condemns the attacks on Giorgi Gakharia and Zviad Korids; demands an independent investigation into the incidents and for those responsible to be held accountable;

    8. Reiterates its call on the Georgian authorities to repeal the law ‘on transparency of foreign influence’ and the law ‘on family values and protection of minors’; expresses concern about recently announced and introduced laws limiting freedom of expression and assembly, increasing state control of the media and further tightening of the so-called foreign agent legislation; underlines that the law and policies implemented by Georgian Dream are unconstitutional and incompatible with Georgia’s EU integration;

    9. Condemns the broader campaign of attacks by the Georgian authorities vilifying civil society organisations and reputable international donors that support democracy, the rule of law and the protection of human rights in Georgia; notes in this regard attempts by Georgian Dream officials to align themselves on these issues with US President Donald Trump and Elon Musk;

    10. Deplores efforts by Hungary and Slovakia to block EU targeted sanctions against Georgian Dream officials at the December 2024 Foreign Affairs Council; reiterates its call on the Council to impose, without delay, individual sanctions on the officials and political leaders in Georgia who are responsible for the democratic backsliding, violations of electoral laws and standards, brutality by police and their proxies and the ill treatment of detainees, administrative abuses and misuse of state institutions, such as Prime Minister Irakli Kobakhidze, Mayor of Tbilisi and Secretary General of the ruling Georgian Dream party Kakha Kaladze, Speaker of the Georgian Parliament Shalva Papuashvili, and Chairman of the Georgian Dream party Irakli Garibashvili, and to extend these sanctions to judges passing politically motivated sentences; reiterates its call on the Council and the EU’s democratic partners, in particular the UK, to impose immediate and targeted personal sanctions on Bidzina Ivanishvili and to freeze all his assets for his role in the deterioration of the political process in Georgia and for acting against the country’s constitutionally declared interests, including efforts to restore Russia’s sphere of influence over the country;

    11. Welcomes in this regard the sanctions imposed bilaterally by Estonia, Latvia and Lithuania; encourages other Member States, especially those hosting relevant assets, to similarly impose targeted sanctions against Georgian Dream officials, in particular Mr Ivanishvili, in a coordinated fashion, if EU level sanctions fail to be adopted in the Council; calls on France to revoke Ivanishvili’s Légion d’honneur;

    12. Reiterates its call for the EU and the Member States to adjust and accelerate the EU funding mechanisms for Georgian civil society and independent media to help make them resilient against efforts by the Georgian Government to cut off their financial lifeline; calls for the focus of that funding to reflect adjusted project needs in the context of a more hostile and anti-democratic environment; stresses that both fresh EU funding for Georgian civil society and the effective allocation of funding is more important than ever now that President Trump has frozen all such funding from the US; stresses that in Georgia’s increasingly repressive climate there is a rapidly growing need for EU and Member State emergency support for Georgian civil society and media, including core operational support, as well as support in countering disinformation;

    13. Calls for targeted sanctions on the financial sector of Georgia, as well as political and financial divestment away from planned connectivity projects, in order to disincentive Georgian Dream’s efforts to become a thriving hub for (illicit) Russian financial markets, and a key ‘partner of necessity’ for the West in the Caucasus in the Middle Corridor; stresses that there can be no deep political and economic relations between Georgia and the EU without Georgia upholding fundamental rights and the Georgian Constitution;

    14. Calls on VP/HR Kallas and Commissioner Kos, along with Magdalena Grono as the EU Special Representative for the South Caucasus and the crisis in Georgia, to travel to Georgia at their earliest convenience in order to meet with civil society and democratic/pro-European opposition leaders, express support for political prisoners, and more broadly show that the EU has not forgotten those in Georgia protesting for democracy and human rights; expresses its continued support for the efforts of Georgia’s fifth President, Salome Zourabichvili, who continues to represent Georgia’s democratic ambitions;

    15. Calls for an immediate and comprehensive audit of EU policy towards Georgia in the context of the halt in the country’s EU accession process; calls on the Commission, in this regard, to conduct a review of the EU-Georgia Association Agreement, in particular Georgia’s adherence to the requirements of the Deep and Comprehensive Free Trade Agreement and its general principles;

    16. Instructs its President to forward this resolution to the Council, the Commission, the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the European External Action Service, the governments and parliaments of the Member States, and to the President, Prime Minister and Parliament of Georgia.

     

     

    MIL OSI Europe News

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the escalation of violence in the eastern Democratic Republic of the Congo – B10-0129/2025

    Source: European Parliament

    Sara Matthieu, Marie Toussaint, Mounir Satouri, Nicolae Ştefănuță, Saskia Bricmont, Majdouline Sbai, David Cormand, Ville Niinistö, Catarina Vieira, Erik Marquardt, Ignazio Roberto Marino
    on behalf of the Verts/ALE Group

    B10‑0129/2025

    European Parliament resolution on the escalation of violence in the eastern Democratic Republic of the Congo

    (2025/2553(RSP))

    The European Parliament,

     having regard to its previous resolutions on the Democratic Republic of the Congo (DRC),

     having regard to the UN Report of the Mapping Exercise documenting the most serious violations of human rights and international humanitarian law committed within the territory of the Democratic Republic of the Congo between March 1993 and June 2003, of August 2010,

     having regard to Regulation (EU) 2017/821 of the European Parliament and of the Council of 17 May 2017 laying down supply chain due diligence obligations for Union importers of tin, tantalum and tungsten, their ores, and gold originating from conflict-affected and high-risk areas (Conflict Minerals Regulation)[1],

     having regard to the Partnership Agreement between the EU and its Member States, of the one part, and the Members of the Organisation of African, Caribbean and Pacific States, of the other part (the Samoa Agreement),

     having regard to the African Charter on Human and Peoples’ Rights, which was adopted on 27 June 1981 and entered into force on 21 October 1986,

     having regard to the Constitution of the Democratic Republic of the Congo, adopted on 18 February 2006,

     having regard to the Universal Declaration of Human Rights,

     having regard to the UN Charter,

     having regard to Rule 136(2) of its Rules of Procedure,

    A. whereas the March 23 Movement (M23) rebel group captured the towns of Minova on 21 January 2025, Sake on 23 January 2025 and Goma, the capital of the North Kivu region in the DRC, on 27 January 2025; whereas this constitutes a brutal violation of the territorial integrity of the DRC; whereas indiscriminate attacks with explosive weapons have increased in recent weeks in densely populated areas of North Kivu, including displacement camps and other highly populated areas near Goma; whereas unlawful killings, rapes and other apparent war crimes, as well as forced labour, forced recruitment and other abusive practices have reportedly been committed by M23 with the support of the Rwandan military;

    B. whereas the UN Group of Experts on the DRC established estimates, pursuant to UN Security Council Resolution 1533 (2004), that between 3 000 and 4 000 Rwandan army troops are on the ground in the DRC, and considers that the deployment of the Rwandan Defence Force (RDF) violates the sovereignty and territorial integrity of the DRC, and that Rwanda’s de facto control and direction of M23 operations also renders Rwanda liable for the actions of M23;

    C. whereas the UN Group of Experts on the DRC concluded that M23 and other armed groups are involved in illegal mineral exploitation and smuggling in the eastern DRC, and that ‘at least 150 tons of coltan’ have been fraudulently exported to Rwanda and mixed with Rwandan production, leading to the largest contamination of mineral supply chains in the Great Lakes region recorded to date;

    D. whereas the resurgence of M23 relates to the deterioration of the security situation in the eastern DRC over the past year, with other armed groups, and at times government soldiers, committing widespread violence, unlawful killings and other grave abuses, putting civilians at greater risk;

    E. whereas the DRC has one of the highest rates of internal displacement in the world; whereas many women and children live in precarious conditions and are being exposed to the risk of harassment, assault or sexual exploitation; whereas displaced populations often receive no basic life-saving services and are at risk of malnutrition and disease; whereas cities that host internally displaced people in precarious circumstances, such as Bunia, are also targets of attack by different militias, causing great distress to the displaced communities and to the local population; whereas there is a reported high risk of the spread of Mpox in Goma, due to the dire humanitarian situation;

    F. whereas the deputy head of the UN peacekeeping force based in Goma has reported on the widespread rape and killing of women inmates in Goma’s Munzenze prison, and the DRC’s Minister for Human Rights Chantal Chambu Mwavit estimates that 163 women were burned alive in the prison; whereas the UN Human Rights Office reported that only between 9 and 13 female inmates, ‘all of whom had also been raped’, survived the blaze;

    G. whereas the security situation in the eastern DRC has dramatically deteriorated in recent weeks and humanitarian access is blocked in the territories illegally occupied since January 2025 by M23;

    H. whereas the Luanda Process, which was relaunched in July 2024 and is being facilitated by Angola, aims to mediate between the DRC and Rwanda regarding the conflict in the eastern DRC;

    I. whereas the UN and the DRC agreed on the withdrawal of the UN Organization Stabilization Mission in the DRC (MONUSCO) in mid-2024, leading to a degradation of the security situation and affecting civilians, who were left exposed to human rights abuses by state security forces and armed actors;

    J. whereas the M23 and Rwandan forces have obligations to civilians under international humanitarian law, including protecting and facilitating access to humanitarian assistance, and permitting freedom of movement;

    K. whereas the International Criminal Court (ICC) investigations into the DRC have focused on alleged war crimes and crimes against humanity committed mainly in the eastern DRC, in the Ituri region and the North Kivu and South Kivu Provinces, since 1 July 2002; whereas the DRC made a second referral to the ICC in May 2023 concerning allegations of crimes committed in North Kivu since 1 January 2022;

    L. whereas the coltan extraction zone in Rubaya in the DRC, controlled by M23, accounts for 15 % of the global supply of tantalum and, as a result, Rwanda recorded a 50 % increase in its coltan exports in 2023, becoming the world’s leading exporter – far exceeding its national production capacity;

    M. whereas the Commission and the Rwandan Government signed on 19 February 2024 a memorandum of understanding (MoU) on sustainable raw materials value chains, which anticipates the adoption of an implementation roadmap, opening the door to the EU financing of strategic projects;

    N. whereas this MoU clearly anticipates the risk of importing conflict minerals from the DRC into the EU market by requiring Rwanda to enforce ‘measures to intercept smuggled minerals entering the country and to repatriate them to the country of origin’;

    O. whereas the EU has not made its cooperation with Rwanda on sustainable raw materials value chains conditional on the country joining the Extractive Industries Transparency Initiative (EITI), while the DRC is a member of the initiative, thereby creating disparities between transparency requirements on minerals from both countries;

    P. whereas Parliament, unlike the Council, was not given the opportunity by the Commission to share its political assessment of the decision to negotiate an MoU with Rwanda, or to provide technical feedback on the draft MoU;

    Q. whereas on 18 December 2024, the DRC filed criminal complaints against Apple subsidiaries in France and Belgium, accusing the tech firm of using conflict minerals in its supply chain;

    R. whereas the DRC Foreign Affairs Minister Thérèse Kayikwamba Wagner and Nobel Prize laureate Denis Mukwege briefed Parliament on 5 February 2025 on the occupation of the eastern DRC and the dire humanitarian impact on the local population and internally displaced people; whereas women are particularly at risk, in these circumstances, of being victims of sexual abuse and rape; whereas the hospitals in Goma lack sufficient sanitary equipment and hundreds of patients are waiting to undergo life-saving surgery;

    S. whereas a joint summit of the East African Community and the Southern African Development Community took place on 8 February 2025 in Dar es Salaam, Tanzania, calling for the disengagement of Rwanda’s forces from the DRC and for the urgent provision of humanitarian assistance to the eastern DRC; whereas the Foreign Affairs Council of the Council of the EU is expected to exchange views on the situation in the DRC on 24 February 2025;

    1. Is concerned by findings in the recent reports of the UN Group of Experts on the DRC established pursuant to Security Council Resolution 1533 (2004) concerning the DRC, and fully supports their recommendations;

    2. Condemns the fact that the RDF has deployed troops to the eastern DRC and has provided direct military support to M23, helping it to expand control in the eastern DRC; condemns the fact that Congolese army units have supported armed groups implicated in serious abuses in the fighting with M23;

    3. Calls for a quick resumption of negotiations within the Luanda Process in order to find a lasting, peaceful and political solution, and urges all sides to fully honour their engagements within the Luanda Process, specifically the ceasefire agreed on 30 July 2024, the neutralisation of the Democratic Forces for the Liberation of Rwanda and the M23 rebel groups, as well as the withdrawal of the RDF from the territory of the DRC; calls for the EU to have an active role in the diplomatic efforts to de-escalate the conflict, advocating for an immediate ceasefire and a renewed commitment to dialogue, with the protection of civilians at the core of negotiations, in particular women and children;

    4. Deplores the fact that fighting and the shelling of medical infrastructure in and around Goma has severely limited the delivery of humanitarian aid to those in need; calls on all neighbouring countries, particularly Rwanda, to facilitate access of humanitarian equipment and personnel to all areas occupied by the rebel groups in the eastern DRC, including through the reopening of Goma airport and of borders; highlights the precarious situation that women and girls face and calls on M23 to lift all restrictions on humanitarian interventions aimed at addressing and preventing gender-based violence and conflict-related sexual violence;

    5. Calls on the UN Human Rights Council to create an independent mandate to investigate abuses by all parties to the current conflict as soon as possible;

    6. Commends the Prosecutor of the ICC’s announcement that the ICC will continue to investigate alleged crimes committed by any person, irrespective of affiliation or nationality; is highly concerned about the fragile situation of the ICC, which is already undermining its crucial work in bringing justice to victims of the most serious crimes worldwide; reiterates the EU’s unwavering support for the ICC and calls on the Council and the Commission to fulfil their obligations to ensure the functioning and effectiveness of the ICC;

    7. Calls on the Commission to continue supporting anti-corruption efforts and the strengthening of governance in the DRC;

    8. Calls on the Commission and the Council to impose targeted sanctions against relevant senior M23 and other armed group commanders, army leaders and senior officials, particularly the individuals identified by the recent reports of the UN Group of Experts on the DRC as responsible for, or complicit in, recent serious human rights abuses by their forces, or those for which they have command responsibility, such as Rwanda’s major generals Eugene Nkubito, Ruki Karusisi and Emmy Ruvusha;

    9. Exhorts the Commission and the Member States to take measures to ensure that support through the European Peace Facility for the deployment of Rwandan troops in northern Mozambique remains exclusively dedicated to the fight against terrorism in Mozambique and does not, directly or indirectly, support the abusive military operations in the eastern DRC;

    10. Expresses regret that the Commission did not present the draft or seek feedback from Parliament in the preparation process of the MoU with Rwanda on sustainable raw materials value chains; regrets that the Council and Parliament were not treated equally in the drafting process of the MoU; highlights the importance of improving the early engagement of the Commission with Parliament in the drafting process of future MoUs;

    11. Calls on the Commission and the Member States to suspend the application of the MoU between the Commission and Rwanda on sustainable raw materials value chains, and freeze any decision to select any project in Rwanda as a strategic project under the Critical Raw Materials Act[2], and to temporarily halt cooperation with Rwanda in the context of the EU’s Global Gateway initiative; calls on the Commission to render the future re-activation of cooperation on sustainable raw materials value chains conditional upon Rwanda joining the EITI, which the DRC is already part of;

    12. Calls for the EU, Rwanda’s neighbouring countries and Rwanda’s main trading partners to put in place a trade embargo for all minerals, including processed minerals, exported from Rwanda, until a definitive withdrawal of the RDF and rebel group supported by Rwanda from the territory of the DRC;

    13. Calls on the Commission and the Member States to swiftly adopt an export ban of weapons from the EU to Rwanda and for the immediate suspension of any further military and security assistance to Rwanda until the territorial integrity of the DRC is restored;

    14. Calls on the Commission and the Member States to ensure a strong enforcement of the current Conflict Minerals Regulation, and for the Commission to swiftly propose a revision to the EU rules, with the aim of ensuring that the highest standards of traceability and transparency are met for each and every mineral imported into the EU, in particular from the DRC and Rwanda, to review accordingly the current import thresholds currently anticipated in the Regulation, and to enhance anti-circumvention and enforcement provisions regarding sanctions;

    15. Instructs its President to forward this resolution to the Council, the Commission, the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the European External Action Service, the governments and parliaments of the Member States, and the authorities of the Democratic Republic of the Congo and of Rwanda.

     

    MIL OSI Europe News

  • MIL-OSI: Royalty Pharma Reports Q4 and Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    • Portfolio Receipts of $742 million in Q4 2024 and $2,801 million for FY 2024
    • Royalty Receipts growth of 12% in Q4 2024 and 13% for FY 2024
    • Net cash provided by operating activities of $743 million in Q4 2024 and $2,769 million for FY 2024
    • Full year 2025 guidance: Portfolio Receipts expected to be $2,900 to $3,050 million excluding future transactions

    NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) today reported financial results for the fourth quarter and full year 2024 and introduced full year 2025 guidance for Portfolio Receipts.

    “We had an incredibly successful 2024, delivering double-digit growth in Royalty Receipts, which was significantly above our initial guidance, and deploying $2.8 billion of capital on value-enhancing royalties” said Pablo Legorreta, Royalty Pharma’s founder and Chief Executive Officer. “We are very excited for the opportunities ahead as the fundamentals of our business have never been stronger. Additionally, we have already taken two major steps at the start of 2025 to enhance shareholder value, announcing the acquisition of our external manager, which is expected to result in multiple financial and strategic benefits, and a new $3 billion share repurchase program, which highlights the confidence we have in our business and the attractive value we see in our shares. With a robust transaction pipeline and significant financial flexibility, I am confident that Royalty Pharma is well positioned to deliver attractive, compounding growth over the long term.”

    Strong Royalty Receipts growth; Portfolio Receipts growth impacted by a high base of comparison

    • Royalty Receipts grew 12% to $729 million in the fourth quarter and 13% to $2,771 million for full year 2024, driven by strong performance from Evrysdi, the CF franchise, Trelegy, Tremfya and new royalty acquisitions.
    • Portfolio Receipts increased 1% to $742 million in the fourth quarter of 2024; Portfolio Receipts decreased 8% from $3,049 million to $2,801 million for full year 2024, largely reflecting $525 million in Biohaven-related milestone payments received in 2023.

    Capital Deployment of $2.8 billion in 2024 with royalties on eight new therapies added to the portfolio

    • Record year for synthetic royalty transactions for Royalty Pharma with $925 million announced in 2024.
    • Significantly expanded development-stage portfolio by acquiring royalties on four potential new therapies.

    Exciting new product launches expected across the royalty portfolio in 2025

    • Royalty Pharma to benefit in 2025 from new product launches, including Servier’s Voranigo, Bristol Myers Squibb’s Cobenfy, Ascendis’ Yorvipath, Syndax and Incyte’s Niktimvo and Geron’s Rytelo.

    Financial guidance for full year 2025 (excludes contribution from future transactions)

    • Royalty Pharma expects 2025 Portfolio Receipts to be between $2,900 million and $3,050 million, representing expected growth of 4% to 9%.

    Financial & Liquidity Summary

      Three Months Ended
    December 31,
    Twelve Months Ended
    December 31,
      (unaudited)
    ($ and shares in millions) 2024 2023 Change 2024 2023 Change
    Portfolio Receipts 742 736 1% 2,801 3,049 (8)%
    Net cash provided by operating activities 743 773 (4)% 2,769 2,988 (7)%
    Adjusted EBITDA (non-GAAP)* 669 682 (2)% 2,565 2,806 (9)%
    Portfolio Cash Flow (non-GAAP)* 678 687 (1)% 2,452 2,708 (9)%
    Weighted average Class A ordinary shares outstanding – diluted 589 598 (1)% 594 603 (1)%

    *See “Liquidity and Capital Resources” section. Adjusted EBITDA and Portfolio Cash Flow are non-GAAP liquidity measures calculated in accordance with the credit agreement.

    Portfolio Receipts Highlights

          Three Months Ended December 31,
          (unaudited)
    ($ in millions)     2024 2023 Change
    Products: Marketers: Therapeutic Area:      
    Cystic fibrosis franchise Vertex Rare disease 237 207 14%
    Trelegy GSK Respiratory 74 60 23%
    Tysabri Biogen Neuroscience 61 68 (11)%
    Evrysdi Roche Rare disease 56 20 182%
    Xtandi Pfizer, Astellas Cancer 46 38 20%
    Imbruvica AbbVie, J&J Cancer 46 50 (10)%
    Promacta Novartis Hematology 44 44 (1)%
    Tremfya Johnson & Johnson Immunology 39 35 11%
    Cabometyx/Cometriq Exelixis, Ipsen, Takeda Cancer 20 18 11%
    Spinraza Biogen Rare disease 15 17 (13)%
    Orladeyo BioCryst Rare disease 11 8 36%
    Trodelvy Gilead Cancer 11 10 10%
    Erleada Johnson & Johnson Cancer 11 9 25%
    Nurtec ODT/Zavzpret Pfizer Neuroscience 7 5 49%
    Other products(5) 54 63 (14)%
    Royalty Receipts 729 651 12%
    Milestones and other contractual receipts 13 84 (85)%
    Portfolio Receipts 742 736 1%

    Results for full year 2024 and 2023 are shown in Table 5. Amounts shown in the table may not add due to rounding.

    Royalty Receipts was $729 million in the fourth quarter of 2024, an increase of 12% as compared to $651 million in the fourth quarter of 2023. The increase was primarily driven by strong growth from Evrysdi, the cystic fibrosis franchise, Trelegy, Xtandi and Tremfya. Royalty receipts from Evrysdi included the benefit of the additional royalties acquired in October 2023 and June 2024.

    Portfolio Receipts was $742 million in the fourth quarter of 2024, an increase of 1% as compared to $736 million in the fourth quarter of 2023. The increase was primarily driven by the same Royalty Receipts increases noted above, offset by a decrease in milestones and other contractual receipts, which reflected a $50 million payment related to the oral formulation of zavegepant in the prior period.

    Liquidity and Capital Resources

    Royalty Pharma’s liquidity and capital resources are summarized below:

    As of December 31, 2024, Royalty Pharma had cash and cash equivalents of $929 million and total debt with principal value of $7.8 billion.

    During the fourth quarter of 2024, Royalty Pharma repurchased approximately two million Class A ordinary shares for $50 million. For full year 2024, Royalty Pharma repurchased approximately eight million Class A ordinary shares for $230 million. The weighted-average number of diluted Class A ordinary shares outstanding for the fourth quarter of 2024 was 589 million as compared to 598 million for the fourth quarter of 2023. The weighted-average number of diluted Class A ordinary shares outstanding for full year 2024 was 594 million as compared to 603 million for full year 2023.

    In January 2025, Royalty Pharma’s Board of Directors authorized a new share repurchase program under which Royalty Pharma may repurchase up to $3.0 billion of its Class A ordinary shares. Royalty Pharma intends to repurchase $2.0 billion of its shares in 2025, subject to market conditions. The total value of shares repurchased will depend on the discount to the intrinsic value at which its Class A ordinary shares are trading. This new share repurchase program replaces the unused $465 million of the company’s original $1.0 billion share repurchase program that was announced in March 2023.

    Liquidity Summary

      Three Months Ended
    December 31,
    Twelve Months Ended
    December 31,
      (unaudited)
    ($ in millions) 2024   2023   2024   2023  
    Portfolio Receipts 742   736   2,801   3,049  
    Payments for operating and professional costs (72)   (54)   (236)   (243)  
    Adjusted EBITDA (non-GAAP) 669   682   2,565   2,806  
    Interest received/(paid), net 8   5   (113)   (98)  
    Portfolio Cash Flow (non-GAAP) 678   687   2,452   2,708  

    Amounts may not add due to rounding.

    • Adjusted EBITDA (non-GAAP) was $669 million in the fourth quarter of 2024. Adjusted EBITDA is calculated as Portfolio Receipts minus payments for operating and professional costs.
    • Portfolio Cash Flow (non-GAAP) was $678 million in the fourth quarter of 2024. Portfolio Cash Flow is calculated as Adjusted EBITDA minus interest paid or received, net. This measure reflects the cash generated by Royalty Pharma’s business that can be redeployed into value-enhancing royalty acquisitions, used to repay debt, returned to shareholders through dividends or share purchases, or utilized for other discretionary investments.

    Refer to Table 4 for Royalty Pharma’s reconciliation of each non-GAAP measure to the most directly comparable GAAP financial measure, net cash provided by operating activities.

    Capital Deployment was $522 million in the fourth quarter of 2024, consisting primarily of the acquisitions of royalties on Niktimvo and Rytelo. Capital Deployment reflects cash payments during the period for new and previously announced transactions. Capital Deployment was $2.8 billion for full year 2024.

    The table below details Capital Deployment by category:

    Capital Deployment

      Three Months Ended
    December 31,
    Twelve Months Ended
    December 31,
      (unaudited)
    ($ in millions) 2024   2023   2024   2023  
    Acquisitions of financial royalty assets (496)   (1,002)   (2,506)   (2,116)  
    Development-stage funding payments – upfront and milestone       (50)  
    Development-stage funding payments – ongoing (1)   (1)   (2)   (2)  
    Purchases of available for sale debt securities     (150)    
    Milestone payments (25)     (75)   (12)  
    Investments in equity method investees   (2)   (11)   (13)  
    Acquisitions of other financial assets     (18)    
    Contributions from legacy non-controlling interests – R&D 0   0   1   1  
    Capital Deployment (522)   (1,005)   (2,761)   (2,192)  

    Amounts may not add due to rounding.

    In January 2025, Royalty Pharma announced the sale of the MorphoSys Development Funding Bonds for $511 million in upfront cash (press release). This payment, combined with payments previously received, results in total cash proceeds of $530 million on the $300 million investment that was made in September 2022. The proceeds strengthen Royalty Pharma’s balance sheet and provide added flexibility to pursue its disciplined capital allocation strategy.

    Royalty Transactions

    For full year 2024, Royalty Pharma announced new transactions of up to approximately $2.8 billion. The announced transactions amount reflects the entire amount of capital committed for new transactions during the year, including potential future milestones.

    Recent transactions include:

    • In November 2024, Royalty Pharma acquired a synthetic royalty on Rytelo from Geron Corporation for an upfront payment of $125 million (press release). Rytelo is approved for the treatment of certain adult patients with low- to intermediate-1 risk myelodysplastic syndromes with transfusion-dependent anemia. Following the acquisition, Royalty Pharma is entitled to receive tiered royalties on U.S. net sales on Rytelo.
    • In November 2024, Royalty Pharma acquired a synthetic royalty on Niktimvo from Syndax Pharmaceuticals, Inc. for an upfront payment of $350 million (press release). Niktimvo is approved for the treatment of chronic graft-versus-host disease and will be co-commercialized by Incyte. Following the acquisition, Royalty Pharma is entitled to receive royalties on U.S. net sales on Niktimvo.

    The information in this section should be read together with Royalty Pharma’s reports and documents filed with the SEC at www.sec.gov and the reader is also encouraged to review all other press releases and information available in the Investors section of Royalty Pharma’s website at www.royaltypharma.com.

    Internalization Transaction

    In January 2025, Royalty Pharma agreed to acquire its external manager, RP Management, LLC (the “Manager”) (press release). This transaction to simplify Royalty Pharma’s corporate structure is expected to result in multiple benefits for shareholders. On a financial basis, the acquisition is expected to reduce costs and enhance economic returns on investments. Specifically, the acquisition will generate cash savings of greater than $100 million in 2026, rising to greater than $175 million in 2030 and driving cumulative savings of greater than $1.6 billion over ten years. The acquisition also increases shareholder alignment, enhances corporate governance, ensures management continuity and simplifies Royalty Pharma’s corporate structure.

    The total transaction value of approximately $1.1 billion(7) consists of approximately 24.5 million shares of Royalty Pharma equity that will vest over five to nine years, approximately $100 million in cash(8), and the assumption of $380 million of the Manager’s existing debt.

    The closing of the internalization transaction is subject to shareholders’ approval of the issuance of the share consideration and other customary closing conditions, including required regulatory approvals. The transaction is estimated to close during the second quarter of 2025.

    Key Developments Relating to the Portfolio

    The key developments related to Royalty Pharma’s royalty interests are discussed below based on disclosures from the marketers of the products.

    TEV-‘749 In January 2025, Teva announced that TEV-‘749 (olanzapine LAI) achieved Phase 3 targeted injections without PDSS (post-injection delirium/sedation syndrome), and the full safety presentation is expected in the second quarter of 2025.
    Cystic fibrosis franchise In December 2024, Vertex announced the U.S. Food and Drug Administration (FDA) approval of the new triple-combination modulator Alyftrek (vanzacaftor triple) for the treatment of cystic fibrosis in people ages 6 and older with at least one responsive mutation.

    In November 2024, Vertex announced that it had completed regulatory submissions for the vanzacaftor triple in the European Union, the United Kingdom, Canada, Australia, New Zealand and Switzerland, and reviews are underway.

    Skytrofa In December 2024, Ascendis announced the U.S. FDA accepted for review its supplemental Biologics License Application (sBLA) in adult growth hormone deficiency for Skytrofa. The FDA set a Prescription Drug User Fee Act (PDUFA) goal date of July 27, 2025.
    aficamten In December 2024, Cytokinetics announced that the FDA accepted its New Drug Application (NDA) for aficamten for the treatment of Obstructive Hypertrophic Cardiomyopathy. The FDA has assigned the NDA a Prescription Drug User Fee Act date of September 26, 2025. Additionally, the European Medicines Agency validated the Marketing Authorization Application for aficamten, and it will now be reviewed by the Committee for Medicinal Products for Human Use (CHMP).
    Trodelvy In November 2024, Gilead announced plans to voluntarily withdraw the U.S. accelerated approval of Trodelvy for use in pre-treated adult patients with locally advanced or metastatic urothelial cancer, following the results of the Phase 3 TROPiCS-04 trial.
    Airsupra In October 2024, AstraZeneca announced that positive high-level results from the BATURA Phase 3b trial showed Airsupra met the primary endpoint, demonstrating a statistically significant and clinically meaningful reduction in the risk of a severe exacerbation when used as an as-needed rescue medication in response to symptoms compared to as-needed albuterol. These positive results triggered a milestone payment from AstraZeneca, of which Royalty Pharma received its pro rata portion of $27 million in January 2025.
    MK-8189 In October 2024, Merck updated its public disclosures to remove MK-8189 from its pipeline chart and Royalty Pharma does not anticipate making a further investment in this program.
    pelabresib In October 2024, Novartis announced that based on its review of 48-week data from the Phase 3 MANIFEST-2 study, longer follow-up time is needed to determine the regulatory path for pelabresib in myelofibrosis. Novartis will continue to follow patients in MANIFEST-2 and evaluate the potential for additional studies to support registration.
    trontinemab In October 2024, Roche presented its latest Phase 1b/2a interim results for trontinemab at the Clinical Trials on Alzheimer’s Disease (CTAD) conference, which demonstrated rapid and robust amyloid plaque depletion after 12 to 28 weeks of treatment and an overall favorable safety profile with very limited amyloid related imaging abnormalities (ARIA-E) observed.


    2025 Financial Outlook

    Royalty Pharma has provided guidance for full-year 2025, excluding new transactions and borrowings announced after the date of this release, as follows:

      Provided February 11, 2025
    Portfolio Receipts $2,900 million to $3,050 million
    (Growth of ~+4% to 9% year/year)
    Payments for operating and professional costs Approximately 10% of Portfolio Receipts(1)
    Interest paid $260 million

    The above Portfolio Receipts guidance represents expected growth of 4% to 9% in 2025. Royalty Pharma’s full-year 2025 guidance reflects a negligible estimated foreign exchange impact to Portfolio Receipts, assuming current foreign exchange rates prevail for the rest of 2025.

    2025 guidance for payments for operating and professional costs and interest paid does not reflect the impact of the internalization transaction announced on January 10, 2025 and will be updated following the closing of the internalization transaction, which is expected to be in the second quarter of 2025.

    Total interest paid is based on the semi-annual interest payment schedule of Royalty Pharma’s existing notes and is anticipated to be approximately $260 million in 2025. Interest paid is anticipated to be approximately $138 million in the first quarter of 2025, which includes the first interest payment on the $1.5 billion notes issued in June 2024. Interest paid in the third quarter of 2025 is anticipated to be $119 million. De minimis amounts are anticipated in the second and fourth quarter of 2025. These projections assume no additional debt financing in 2025, including no drawdown on the revolving credit facility. In 2024, Royalty Pharma collected interest of $46 million on its cash and cash equivalents.

    Royalty Pharma today provides this guidance based on its most up-to-date view of its prospects. This guidance assumes no major unforeseen adverse events or changes in foreign exchange rates and excludes the contributions from transactions announced subsequent to the date of this press release.

    Financial Results Call

    Royalty Pharma will host a conference call and simultaneous webcast to discuss its fourth quarter and full year 2024 results today at 8:30 a.m., Eastern Time. Please visit the “Investors” page of the company’s website at https://www.royaltypharma.com/investors/events to obtain conference call information and to view the live webcast. A replay of the conference call and webcast will be archived on the company’s website for at least 30 days.

    About Royalty Pharma plc

    Founded in 1996, Royalty Pharma is the largest buyer of biopharmaceutical royalties and a leading funder of innovation across the biopharmaceutical industry, collaborating with innovators from academic institutions, research hospitals and non-profits through small and mid-cap biotechnology companies to leading global pharmaceutical companies. Royalty Pharma has assembled a portfolio of royalties which entitles it to payments based directly on the top-line sales of many of the industry’s leading therapies. Royalty Pharma funds innovation in the biopharmaceutical industry both directly and indirectly – directly when it partners with companies to co-fund late-stage clinical trials and new product launches in exchange for future royalties, and indirectly when it acquires existing royalties from the original innovators. Royalty Pharma’s current portfolio includes royalties on more than 35 commercial products, including Vertex’s Trikafta, GSK’s Trelegy, Roche’s Evrysdi, Johnson & Johnson’s Tremfya, Biogen’s Tysabri and Spinraza, AbbVie and Johnson & Johnson’s Imbruvica, Astellas and Pfizer’s Xtandi, Novartis’ Promacta, Pfizer’s Nurtec ODT and Gilead’s Trodelvy, and 14 development-stage product candidates.

    Forward-Looking Statements

    The information set forth herein does not purport to be complete or to contain all of the information you may desire. Statements contained herein are made as of the date of this document unless stated otherwise, and neither the delivery of this document at any time, nor any sale of securities, shall under any circumstances create an implication that the information contained herein is correct as of any time after such date or that information will be updated or revised to reflect information that subsequently becomes available or changes occurring after the date hereof.

    This document contains statements that constitute “forward-looking statements” as that term is defined in the United States Private Securities Litigation Reform Act of 1995, including statements that express the company’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results, in contrast with statements that reflect historical facts. Examples include discussion of Royalty Pharma’s strategies, financing plans, growth opportunities, market growth and plans for capital deployment, plus the benefits of the benefits of the internalization transaction, including expected accretion, enhanced alignment with shareholders, increased investment returns, expectations regarding management continuity, transparency and governance, and the benefits of simplification to its structure. In some cases, you can identify such forward-looking statements by terminology such as “anticipate,” “intend,” “believe,” “estimate,” “plan,” “seek,” “project,” “expect,” “may,” “will,” “would,” “could” or “should,” the negative of these terms or similar expressions. Forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to the company. However, these forward-looking statements are not a guarantee of Royalty Pharma’s performance, and you should not place undue reliance on such statements. Forward-looking statements are subject to many risks, uncertainties and other variable circumstances, and other factors. Such risks and uncertainties may cause the statements to be inaccurate and readers are cautioned not to place undue reliance on such statements. Many of these risks are outside of the company’s control and could cause its actual results to differ materially from those it thought would occur. The forward-looking statements included in this document are made only as of the date hereof. The company does not undertake, and specifically declines, any obligation to update any such statements or to publicly announce the results of any revisions to any such statements to reflect future events or developments, except as required by law.

    Certain information contained in this document relates to or is based on studies, publications, surveys and other data obtained from third-party sources and the company’s own internal estimates and research. While the company believes these third-party sources to be reliable as of the date of this document, it has not independently verified, and makes no representation as to the adequacy, fairness, accuracy or completeness of, any information obtained from third-party sources. In addition, all of the market data included in this document involves a number of assumptions and limitations, and there can be no guarantee as to the accuracy or reliability of such assumptions. Finally, while the company believes its own internal research is reliable, such research has not been verified by any independent source.

    For further information, please reference Royalty Pharma’s reports and documents filed with the U.S. Securities and Exchange Commission (“SEC”) by visiting EDGAR on the SEC’s website at www.sec.gov.

    Portfolio Receipts

    Portfolio Receipts is a key performance metric that represents Royalty Pharma’s ability to generate cash from Royalty Pharma’s portfolio investments, the primary source of capital that is deployed to make new portfolio investments. Portfolio Receipts is defined as the sum of Royalty Receipts and Milestones and other contractual receipts. Royalty Receipts includes variable payments based on sales of products, net of contractual payments to the legacy non-controlling interests, that are attributed to Royalty Pharma.

    Milestones and other contractual receipts include sales-based or regulatory milestone payments and other fixed contractual receipts, net of contractual payments to legacy non-controlling interests, that are attributed to Royalty Pharma. Portfolio Receipts does not include proceeds from equity securities or proceeds from purchases and sales of marketable securities, both of which are not central to Royalty Pharma’s fundamental business strategy.

    Portfolio Receipts is calculated as the sum of the following line items from Royalty Pharma’s GAAP statements of cash flows: Cash collections from financial royalty assets, Cash collections from intangible royalty assets, Other royalty cash collections, Proceeds from available for sale debt securities and Distributions from equity method investees less Distributions to legacy non-controlling interests – Portfolio Receipts, which represent contractual distributions of Royalty Receipts, milestones and other contractual receipts to RPSFT and the Legacy Investors Partnerships. Distributions to RPSFT substantially ended in December 2023 when Royalty Pharma acquired the remaining interest in RPCT held by RPSFT.

    Use of Non-GAAP Measures

    Adjusted EBITDA and Portfolio Cash Flow are non-GAAP liquidity measures that exclude the impact of certain items and therefore have not been calculated in accordance with GAAP.

    Management believes that Adjusted EBITDA and Portfolio Cash Flow are important non-GAAP measures used to analyze liquidity because they are key components of certain material covenants contained within Royalty Pharma’s credit agreement. Royalty Pharma cautions readers that amounts presented in accordance with the definitions of Adjusted EBITDA and Portfolio Cash Flow may not be the same as similar measures used by other companies or analysts. These non-GAAP liquidity measures have limitations as analytical tools, and you should not consider them in isolation or as a substitute for the analysis of Royalty Pharma’s results as reported under GAAP.

    The definitions of Adjusted EBITDA and Portfolio Cash Flow used by Royalty Pharma are the same as the definitions in the credit agreement. Noncompliance with the interest coverage ratio, leverage ratio and Portfolio Cash Flow ratio covenants under the credit agreement could result in lenders requiring the company to immediately repay all amounts borrowed. If Royalty Pharma cannot satisfy these covenants, it would be prohibited under the credit agreement from engaging in certain activities, such as incurring additional indebtedness, paying dividends, making certain payments, and acquiring and disposing of assets. Consequently, Adjusted EBITDA and Portfolio Cash Flow are critical to the assessment of Royalty Pharma’s liquidity.

    Adjusted EBITDA and Portfolio Cash Flow are used by management as key liquidity measures in the evaluation of the company’s ability to generate cash from operations. Management uses Adjusted EBITDA and Portfolio Cash Flow when considering available cash, including for decision-making purposes related to funding of acquisitions, debt repayments, dividends and other discretionary investments. Further, these non-GAAP liquidity measures help management, the audit committee and investors evaluate the company’s ability to generate liquidity from operating activities.

    The company has provided reconciliations of these non-GAAP liquidity measures to the most directly comparable GAAP financial measure, being net cash provided by operating activities in Table 4.

    Royalty Pharma Investor Relations and Communications

    +1 (212) 883-6772
    ir@royaltypharma.com

     
    Royalty Pharma plc
    Condensed Consolidated Operations (unaudited)
    Table 1
     
      Three Months Ended
    December 31,
    Twelve Months Ended
    December 31,
    ($ in millions) 2024   2023   2024   2023  
    Income and other revenues        
    Income from financial royalty assets 562   523   2,149   2,198  
    Other royalty income and revenues 32   73   114   157  
    Total income and other revenues 594   596   2,264   2,355  
    Operating expense/(income)        
    Provision for changes in expected cash flows from financial royalty assets 164   (77)   732   561  
    Research and development funding expense 1   1   2   52  
    General and administrative expenses 68   59   237   250  
    Total operating expense/(income), net 232   (17)   971   862  
    Operating income 362   613   1,292   1,492  
    Other (income)/expense        
    Equity in earnings of equity method investees (32)   (0)   (30)   (29)  
    Interest expense 66   47   226   187  
    Other income, net (7)   (152)   (234)   (366)  
    Total other expense/(income), net 27   (105)   (38)   (208)  
    Consolidated net income before tax 334   718   1,331   1,700  
    Income tax expense        
    Consolidated net income 334   718   1,331   1,700  
    Net income attributable to non-controlling interests 126   223   472   565  
    Net income attributable to Royalty Pharma plc 208   494   859   1,135  

    Amounts may not add due to rounding.

     
    Royalty Pharma plc
    Selected Balance Sheet Data (unaudited)
    Table 2
     
    ($ in millions) As of December 31, 2024 As of December 31, 2023
    Cash and cash equivalents 929 477
    Total current and non-current financial royalty assets, net 15,911 14,827
    Total assets 18,223 16,382
    Current portion of long-term debt 998
    Long-term debt, net of current portion 6,615 6,135
    Total liabilities 7,880 6,298
    Total shareholders’ equity 10,342 10,084
     
    Royalty Pharma plc
    Consolidated Statements of Cash Flows (unaudited)
    Table 3
     
      Three Months Ended
    December 31,
    Twelve Months Ended
    December 31,
    ($ in millions) 2024   2023   2024   2023  
    Cash flows from operating activities:        
    Cash collections from financial royalty assets 777   747   2,983   3,201  
    Cash collections from intangible royalty assets 0   0   15   1  
    Other royalty cash collections 30   75   109   159  
    Distributions from equity method investees     13   19  
    Interest received 9   8   46   72  
    Development-stage funding payments – ongoing (1)   (1)   (2)   (2)  
    Development-stage funding payments – upfront and milestone       (50)  
    Payments for operating and professional costs (72)   (54)   (236)   (243)  
    Interest paid (1)   (3)   (160)   (169)  
    Net cash provided by operating activities 743   773   2,769   2,988  
    Cash flows from investing activities:        
    Distributions from equity method investees 3   5   24   44  
    Investments in equity method investees   (2)   (11)   (13)  
    Purchases of equity securities     (63)    
    Proceeds from equity securities     99    
    Purchases of available for sale debt securities     (150)    
    Proceeds from available for sale debt securities 13   1   20   1  
    Proceeds from sales and maturities of marketable securities       24  
    Acquisitions of financial royalty assets (496)   (1,002)   (2,506)   (2,116)  
    Acquisitions of other financial assets     (18)    
    Milestone payments (25)     (75)   (12)  
    Other   (2)   2   (2)  
    Net cash used in investing activities (506)   (1,000)   (2,678)   (2,073)  
    Cash flows from financing activities:        
    Distributions to legacy non-controlling interests – Portfolio Receipts (81)   (92)   (362)   (377)  
    Distributions to continuing non-controlling interests (31)   (24)   (125)   (120)  
    Dividends to shareholders (94)   (89)   (376)   (358)  
    Repurchases of Class A ordinary shares (53)   (30)   (230)   (305)  
    Contributions from legacy non-controlling interests – R&D 0   0   1   1  
    Contributions from non-controlling interests – other 1   1   4   7  
    Cash acquired in connection with purchase of non-controlling interest   5     5  
    Proceeds from revolving credit facility   350     350  
    Repayment of revolving credit facility   (350)     (350)  
    Repayment of long-term debt       (1,000)  
    Proceeds from issuance of long-term debt, net of discount     1,471    
    Debt issuance costs and other 0   (2)   (13)   (2)  
    Other 0     (9)    
    Net cash (used in)/provided by financing activities (258)   (232)   361   (2,149)  
    Net change in cash and cash equivalents (21)   (459)   452   (1,234)  
    Cash and cash equivalents, beginning of period 950   936   477   1,711  
    Cash and cash equivalents, end of period 929   477   929   477  

    Amounts may not add due to rounding.

     
    Royalty Pharma plc
    GAAP to Non-GAAP Reconciliation (unaudited)
    Table 4
     
      Three Months Ended
    December 31,
    Twelve Months Ended
    December 31,
    ($ in millions) 2024   2023   2024   2023  
    Net cash provided by operating activities (GAAP) 743   773   2,769   2,988  
    Adjustments:        
    Proceeds from available for sale debt securities(6) 13   1   20   1  
    Distributions from equity method investees(6) 3   5   24   44  
    Interest (received)/paid, net(6) (8)   (5)   113   98  
    Development-stage funding payments – ongoing 1   1   2   2  
    Development-stage funding payments – upfront and milestone       50  
    Distributions to legacy non-controlling interests – Portfolio Receipts(6) (81)   (92)   (362)   (377)  
    Adjusted EBITDA (non-GAAP) 669   682   2,565   2,806  
    Interest received/(paid), net(6) 8   5   (113)   (98)  
    Portfolio Cash Flow (non-GAAP) 678   687   2,452   2,708  

    Amounts may not add due to rounding.

     
    Royalty Pharma plc
    Fourth Quarter and Full Year Portfolio Receipts Highlights (unaudited)
    Table 5
     
      Three Months Ended December 31, Twelve Months Ended December 31,
    ($ in millions) 2024 2023 Change 2024 2023 Change
    Products:            
    Cystic fibrosis franchise 237 207 14% 857 771 11%
    Trelegy 74 60 23% 284 203 40%
    Tysabri 61 68 (11)% 262 279 (6)%
    Imbruvica 46 50 (10)% 191 210 (9)%
    Evrysdi 56 20 182% 174 66 163%
    Xtandi 46 38 20% 169 146 15%
    Promacta 44 44 (1)% 158 161 (2)%
    Tremfya 39 35 11% 140 116 20%
    Cabometyx/Cometriq 20 18 11% 73 66 10%
    Spinraza 15 17 (13)% 45 45 1%
    Trodelvy 11 10 10% 43 33 30%
    Erleada 11 9 25% 39 27 42%
    Orladeyo 11 8 36% 39 29 32%
    Nurtec ODT/Zavzpret 7 5 49% 26 18 39%
    Other products(5) 54 63 (14)% 273 277 (1)%
    Royalty Receipts 729 651 12% 2,771 2,449 13%
    Milestones and other contractual receipts 13 84 (85)% 31 599 (95)%
    Portfolio Receipts 742 736 1% 2,801 3,049 (8)%

    Amounts may not add due to rounding.

    Royalty Pharma plc
    Description of Approved Indications for Select Portfolio Therapies
    Table 6

    Cystic fibrosis franchise Cystic fibrosis
    Trelegy Chronic obstructive pulmonary disease and asthma
    Tysabri Relapsing forms of multiple sclerosis
    Evrysdi Spinal muscular atrophy
    Xtandi Prostate cancer
    Imbruvica Hematological malignancies and chronic graft versus host disease
    Promacta Chronic immune thrombocytopenia purpura and aplastic anemia
    Tremfya Plaque psoriasis, psoriatic arthritis and ulcerative colitis
    Cabometyx / Cometriq Kidney, liver and thyroid cancer
    Spinraza Spinal muscular atrophy
    Orladeyo Hereditary angioedema
    Trodelvy Breast and bladder cancer
    Erleada Prostate cancer
    Nurtec ODT/Zavzpret Acute and preventative treatment of migraine


    Notes

    (1)  Portfolio Receipts is a key performance metric that represents Royalty Pharma’s ability to generate cash from Royalty Pharma’s portfolio investments, the primary source of capital that Royalty Pharma can deploy to make new portfolio investments. Portfolio Receipts is defined as the sum of Royalty Receipts and Milestones and other contractual receipts. Royalty Receipts include variable payments based on sales of products, net of contractual payments to the legacy non-controlling interests, that are attributed to Royalty Pharma (“Royalty Receipts”). Milestones and other contractual receipts include sales-based or regulatory milestone payments and other fixed contractual receipts, net of contractual payments to the legacy non-controlling interests, that are attributed to Royalty Pharma. Portfolio Receipts does not include proceeds from equity securities or proceeds from purchases and sales of marketable securities, both of which are not central to Royalty Pharma’s fundamental business strategy.

    Portfolio Receipts is calculated as the sum of the following line items from Royalty Pharma’s GAAP statements of cash flows: Cash collections from financial royalty assets, Cash collections from intangible royalty assets, Other royalty cash collections, Proceeds from available for sale debt securities and Distributions from equity method investees less Distributions to legacy non-controlling interests – Portfolio Receipts, which represent contractual distributions of Royalty Receipts and milestones and other contractual receipts to RPSFT and the Legacy Investors Partnerships. Distributions to RPSFT substantially ended in December 2023 when Royalty Pharma acquired the remaining interest in RPCT held by RPSFT.

    (2) Adjusted EBITDA is defined under the credit agreement as Portfolio Receipts minus payments for operating and professional costs. Operating and professional costs reflect Payments for operating and professional costs from the GAAP statements of cash flows. See GAAP to Non-GAAP reconciliation in Table 4.

    (3) Portfolio Cash Flow is defined under the credit agreement as Adjusted EBITDA minus interest paid or received, net. See GAAP to Non-GAAP reconciliation in Table 4. Portfolio Cash Flow reflects the cash generated by Royalty Pharma’s business that can be redeployed into value-enhancing royalty acquisitions, used to repay debt, returned to shareholders through dividends or share purchases or utilized for other discretionary investments.

    (4) Capital Deployment is calculated as the summation of the following line items from Royalty Pharma’s GAAP statements of cash flows: Investments in equity method investees, Purchases of available for sale debt securities, Acquisitions of financial royalty assets, Acquisitions of other financial assets, Milestone payments, Development-stage funding payments – ongoing, Development-stage funding payments – upfront and milestone less Contributions from legacy non-controlling interests – R&D.

    (5) Other products primarily include Royalty Receipts on the following products: Cimzia, Crysvita, Emgality, Entyvio, Farxiga/Onglyza, IDHIFA, Lexiscan, Nesina, Prevymis, Soliqua and distributions from the Legacy SLP Interest, which is presented as Distributions from equity method investees on the GAAP statements of cash flows.

    (6) The table below shows the line item for each adjustment and the direct location for such line item on the GAAP statements of cash flows.

    Reconciling Adjustment Statements of Cash Flows Classification
    Interest received/paid, net Operating activities (Interest paid less Interest received)
    Distributions from equity method investees Investing activities
    Proceeds from available for sale debt securities Investing activities
    Distributions to legacy non-controlling interests – Portfolio Receipts Financing activities

    (7) The total transaction value of approximately $1.1 billion is based on the closing price of Royalty Pharma plc common stock of $26.20 on January 8, 2025.

    (8) Consists of $200 million in cash less the amount of the management fees paid to the Manager from January 1, 2025 through the closing of the transaction.

    The MIL Network

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the further deterioration of the political situation in Georgia – B10-0114/2025

    Source: European Parliament

    Hans Neuhoff, Alexander Sell, Petr Bystron, Tomasz Froelich, Petar Volgin, Stanislav Stoyanov
    on behalf of the ESN Group

    B10‑0114/2025

    European Parliament resolution on the further deterioration of the political situation in Georgia

    (2025/2522(RSP))

    The European Parliament,

     having regard to its resolution of 25 April 2024 on attempts to reintroduce a foreign agent law in Georgia and its restrictions on civil society[1],

     having regard to the statement by High Representative of the Union for Foreign Affairs and Security Policy Josep Borrell with the European Commission of 15 May 2024 on the adoption of the law on ‘transparency of foreign influence’ in Georgia,

     having regard to its resolution of 9 October 2024 on the democratic backsliding and threats to political pluralism in Georgia[2],

     having regard to the final report of 20 December 2024 of the international election observation mission of the Organization for Security and Co-operation in Europe’s Office for Democratic Institutions and Human Rights on the Georgian parliamentary elections of 26 October 2024,

     having regard to the statement by High Representative of the Union for Foreign Affairs and Security Policy Josep Borrell and the European Commission of 27 October 2024 on the parliamentary elections,

     having regard to the statement by High Representative of the Union for Foreign Affairs and Security Policy Josep Borrell of 29 October 2024 on the latest developments following the parliamentary elections,

     having regard to Georgia’s sovereignty as recognised in international law,

     having regard to the Charter of the United Nations and to the principles of non-interference in domestic affairs,

     having regard to Rule 136(2) of its Rules of Procedure,

    A. whereas Georgia is a sovereign state under international law, with full authority to determine its political system, conduct elections and govern itself without interference from foreign actors or international organisations;

    B. whereas the parliamentary elections of 26 October 2024 were conducted in broad compliance with national and international legal standards and the Georgian people have made a clear and democratic choice regarding the composition of their new government;

    C. whereas the new Georgian Government remains committed to European integration, continuing its aspiration for EU membership while ensuring respect for national sovereignty and democratic processes;

    D. whereas according to Varieties of Democracy (V-Dem), a Sweden-based political science research institute, Georgia is among the top performers across Europe and worldwide in the field of freedom of peaceful assembly, freedom from governmental attacks on judicial justice, and equal protection across societal groups; notes that Georgia has attained a historic high ranking in the Index of Public Integrity of the European Research Centre for Anti-Corruption and State-Building;

    E. whereas the Georgian Parliament has signalled its willingness to engage in dialogue with the EU on legislative matters and to negotiate solutions to contested legal provisions in a constructive manner;

    F. whereas Georgia is of significant strategic value to the EU, particularly in areas such as energy cooperation, logistics, security and economic development, which should be recognised and supported rather than undermined by political disputes;

    G. whereas the EU’s continued interference in Georgia’s internal affairs – including its refusal to recognise the legitimacy of the Georgian elections and its continued support for opposition movements – risks damaging trust and weakening the EU’s credibility in the region;

    H. whereas the principle of non-intervention in sovereign states’ affairs is enshrined in Articles 2(1) and 2(7) of the UN Charter, and the EU’s failure to respect Georgia’s democratic choices constitutes a breach of international law;

    I. whereas the Georgian Government has expressed its readiness to engage in constructive negotiations with the EU, yet certain EU institutions have refused to acknowledge this openness, preferring instead to impose unilateral demands on the country;

    J. whereas the EU’s insistence on disregarding regional and cultural considerations – such as the Georgian Parliament’s decision on laws related to foreign influence and public morality – ignores the will of the majority of Georgian citizens and undermines political pluralism;

    K. whereas continued EU pressure on Georgia, including threats of sanctions and the potential suspension of financial aid, constitutes an unjustified punitive approach that alienates a key strategic partner in the region;

    1. Deplores the EU’s refusal to recognise the legitimacy of the parliamentary elections in Georgia and its ongoing interference in Georgia’s domestic political affairs;

    2. Reaffirms that the choice of political leadership and governance in Georgia is solely a matter for the Georgian people, and should be made free from external coercion or pressure;

    3. Calls for the EU institutions to respect the Georgian Parliament’s willingness to engage in open dialogue, rather than imposing unilateral demands that disregard Georgia’s political realities;

    4. Urges the EU to engage in constructive dialogue with the new Georgian Government and to recognise that continued political pressure will only serve to push Georgia away from European cooperation rather than fostering integration;

    5. Calls for the EU to take a pragmatic and strategic approach towards Georgia, emphasising mutual benefits in key sectors such as energy security, trade and regional stability rather than focusing on ideological disagreements;

    6. Warns that the EU’s policy of intervention and political pressure in Georgia risks weakening the EU’s standing in the wider Caucasus region, harming its ability to build sustainable partnerships based on mutual respect;

    7. Warns that the EU’s constant interference in Georgia’s internal affairs could fuel strong anti-EU sentiment within Georgian society;

    8. Demands that the EU stop supporting opposition movements that do not represent the will of the majority of Georgian citizens, and instead focus on fostering institutional dialogue with the legitimately elected government;

    9. Reiterates that sovereignty and democracy cannot be applied selectively, and that international law requires all states and organisations – including the EU – to respect the principles of self-determination and non-intervention;

    10. Calls for the EU to adopt a forward-looking policy towards Georgia, recognising the country’s strategic importance and its legitimate democratic processes rather than pursuing a confrontational approach;

    11. Instructs its President to forward this resolution to the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the Council, the Commission, the governments and parliaments of the Member States, and the President, Government, and Parliament of Georgia.

     

     

    MIL OSI Europe News

  • MIL-OSI Europe: Highlights – European Parliamentary Week 2025 – 17-18.02.25 – Committee on Budgets

    Source: European Parliament

    On the occasion of the European Parliamentary Week 2025, organised by the European Parliament and the Sejm and Senate of the Republic of Poland, the Committee on Budgets will hold an Inter-Committee Meeting on Monday 17 February at 16.20-19.20.

    The first session will focus on EU competitiveness and a debate on how to increase the synergies between the EU and national financial support. Piotr Serafin, Commissioner for budget, anti-fraud and public administration will give a keynote speech.

    The second session will focus on European public goods in particular how to identify and finance them. On this matter, the audience will have the opportunity to hear from Professor Armin Steinbach, Jean Monnet Professor of Law and Economics at HEC Paris, non-resident fellow at Bruegel and Research Affiliate at the Max Planck Institute for Research and Collective Goods.

    MIL OSI Europe News

  • MIL-OSI Europe: EIB and Banco Santander join forces to boost Europe’s wind energy manufacturers

    Source: European Investment Bank

    • The EIB provides a €500 million counter-guarantee enabling Santander to create a portfolio of bank guarantees of up to €1 billion, expected to unlock €8 billion of investment to support wind energy manufacturers in Europe.
    • The agreement is part of the EIB’s €5 billion wind power package to boost Europe’s wind power manufacturing sector and accelerate the energy transition.
    • The operation is backed by InvestEU, the EU programme aiming to mobilise investment of more than €372 billion by 2027.

    The European Investment Bank (EIB) and Santander have signed a €500 million counter-guarantee agreement that Santander will use to create a portfolio of bank guarantees of up to €1 billion, expected to unlock €8 billion of investment to support wind energy equipment manufacturing companies in Europe.

    The guarantees will back investment by companies manufacturing wind energy and grid interconnection equipment, as well as key components for the wind sector. This will enable the manufacturers to receive advance payments as well as to provide performance guarantees when taking on new wind projects. The guarantees scheme also enables manufacturers to pay their suppliers in advance for the supply of wind farms and the related wind value chain components, which include turbines, grid connection infrastructure, cables and transformer stations.  

    The leverage effect of the EIB counter-guarantee is expected to mobilise additional funding from other investors to support increasing production and accelerate wind energy development, helping to stimulate investment in the real economy.

    The deal forms part of the EIB’s €5 billion wind power package launched in 2023, a dedicated package of counter-guarantees to improve access to finance for wind power sector and support increasing newly installed wind energy generation capacity by 32GW. This EIB financing scheme is being activated through agreements with the sector’s main lenders like Santander. It is a key component of the  European Wind Power Package launched by the European Commission, and is designed to further accelerate a just and swift transition to net zero, while boosting home-grown industrial innovation.

    “Wind energy will play a significant role in achieving the EU’s renewable-energy target. To unveil its full potential, the EIB together with Santander is putting in place de-risking instruments that will allow manufacturers to overcome some of the challenges impacting the sector such as supply chain disruptions, high costs or intense international competition,” said EIB Director of Financial Institutions Gemma Feliciani. “This new framework sponsored by the EIB wind package will accelerate the energy transition in Europe while strengthening its industrial competitiveness and strategic autonomy.”

    Ricardo Gamazo, Santander Global Trade Finance team added: “The program has been very welcome by our clients in the wind equipment industry which face a large backlog of orders to meet the energy transition demand. This in turn creates large guarantee issuance requirements and this extra capacity goes a long way in securing credit lines in the market. We believe this agreement is another decisive step in buttressing energy security for the EU in a sustainable fashion”

    Background information

    About the EIB

    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It finances investments that contribute towards EU policy goals. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, and support a just and swift transition to climate neutrality.

    About Banco Santander

    Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. At the end of 2024, Banco Santander had €1.3 trillion in total funds, 173 million customers, 8,000 branches and 207,000 employees.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Response to the Smart Machines Strategy 2035: letter from Lord Patrick Vallance

    Source: United Kingdom – Government Statements

    Letter from Lord Patrick Vallance to David Lane and Paul Clarke, Co-Chairs of the Robotics Growth Partnership regarding the Smart Machines Strategy 2035.

    Documents

    Details

    Lord Patrick Vallance, Minister of State for Science, Research and Innovation wrote to David Lane and Paul Clarke, Co-Chairs of the Robotics Growth Partnership, welcoming the Smart Machines 2035 Strategy.

    The Smart Machines 2035 Strategy provides a roadmap to position the UK as a global leader in robotics and Smart Machines. It highlights their transformative potential to address pressing societal challenges, enhance economic productivity, and establish national leadership in a rapidly evolving technological landscape.

    Updates to this page

    Published 11 February 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Opening Address by Prime Minister Shri Narendra Modi at the AI Action Summit, Paris

    Source: Government of India

    Posted On: 11 FEB 2025 3:41PM by PIB Delhi

    Excellencies,

    Friends,

    Let me begin with a simple experiment.

    If you upload your medical report to an AI app, it can explain in simple language, free of any jargon, what it means for your health. But, if you ask the same app to draw an image of someone writing with their Left hand, the app will most likely draw someone writing with their Right hand. Because that is what the training data is dominated by.

    It shows that while the positive potential of AI is absolutely amazing, there are many biases that we need to think carefully about. That is why I am grateful to my friend, President Macron, for hosting this summit. And for inviting me to co-chair it.

    Friends,

    AI is already re-shaping our polity, our economy, our security and even our society. AI is writing the code for humanity in this century. But, it is very different from other technology milestones in human history.

    AI is developing at an unprecedented scale and speed. And being adopted and deployed even faster. There is also a deep inter-dependence across borders. Therefore, there is a need for collective global efforts to establish governance and standards, that uphold our shared values, address risks, and build trust.

    But, Governance is not just about managing risks and rivalries. It is also about promoting innovation, and deploying it for the global good. So, we must think deeply and discuss openly about innovation and governance.

    Governance is also about ensuring access to all, especially in the Global South. It is where the capacities are most lacking – be it compute power, talent, data, or the financial resources.

    Friends,

    AI can help transform millions of lives by improving health, education, agriculture and so much more. It can help create a world in which the journey to Sustainable Development Goals becomes easier and faster.

    To do this, we must pool together resources and talent. We must develop open-source systems that enhance trust and transparency. We must build quality data sets, free from biases. We must democratise technology and create people-centric applications. We must address concerns related to cyber security, disinformation, and deep fakes. And, we must also ensure that technology is rooted in local ecosystems for it to be effective and useful.

    Friends,

    Loss of jobs is AI’s most feared disruption. But, history has shown that work does not disappear due to technology. Its nature changes and new types of jobs are created. We need to invest in skilling and re-skilling our people for an AI-driven future.

    Friends,

    There is no doubt that the high energy intensity of AI needs to be looked into. This will require green power to fuel its future.

    India and France have worked together for years through initiatives like the International Solar Alliance to harness the power of the sun. As we advance our partnership to AI, it is a natural progression from sustainability to innovation to shape a smarter and responsible future.

    At the same time, Sustainable AI does not only mean using clean energy. AI models must also be efficient and sustainable in size, data needs and resource requirements. After all, the human brain manages to compose poetry and design space ships using less power than most lightbulbs.

    Friends,

    India has successfully built a Digital Public Infrastructure for over 1.4 billion people at a very low cost. It is built around an open and accessible network. It has regulations, and a wide range of applications to modernize our economy, reform governance and transform the lives of our people.

    We have unlocked the power of data through our Data Empowerment and Protection Architecture. And, we have made digital commerce democratic and accessible to all. This vision is the foundation of India’s National AI Mission.

    That is why, during our G20 Presidency, we built a consensus on Harnessing AI Responsibly, for Good, and for All. Today, India leads in AI adoption, and techno-legal solutions on data privacy.

    We are developing AI applications for public good. We have one of the world’s largest AI talent pools. India is building its own Large Language Model considering our diversity. We also have a unique public-private partnership model for pooling resources like compute power. It is made available to our start-ups and researchers at an affordable cost. And, India is ready to share its experience and expertise to ensure that the AI future is for Good, and for All.

    Friends,

    We are at the dawn of the AI age that will shape the course of humanity. Some people worry about machines becoming superior in intelligence to humans. But, no one holds the key to our collective future and shared destiny other than us humans.

    That sense of responsibility must guide us.

    Thank you.

     

    ***

    MJPS/SR

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: 45 Crore Devotees at Maha Kumbh 2025

    Source: Government of India (2)

    45 Crore Devotees at Maha Kumbh 2025

    Maha Kumbh 2025 Witnesses Record-Breaking Footfall

    Posted On: 11 FEB 2025 2:11PM by PIB Delhi

    The Maha Kumbh 2025 has become one of the largest religious gatherings in history, with over 450 million (45 crore) devotees participating in the bathing rituals as of February 11, 2025. The state government was expecting the number of devotees to reach 45 crore in 45 days but this number has already been achieved within one month, with 15 days still remaining for the Maha Kumbh to conclude. With its blend of spiritual significance, grand rituals, and cutting-edge technological interventions, this Kumbh Mela has set new benchmarks in crowd management, sanitation, and digital facilitation.

    With the number of visitors surpassing 45 crore, crowd management has been a major focus. The next Amrit Snan is on February 12, 2025, Magh Purnima Snan, which is renowned for its connection with the veneration of Guru Brahaspati and the belief that the Hindu deity Gandharva descends from the heavens to the sacred Sangam. To ensure smooth crowd management during the Magh Purnima Snan, the state government has designated the mela area as a ‘no vehicle zone’ from the morning of February 11, 2025, allowing only essential and emergency services.

    Indian Railways is also operating at full capacity to manage the Maha Kumbh 2025 crowd. On February 9, around 330 trains transported 12.5 lakh pilgrims, with 130 more departing by 3 PM on February 10. Preparations for the upcoming Amrit Snan on February 12, 2025 were reviewed by the officials and the Union Minister. All eight stations, including Prayagraj Junction, are fully operational, while Prayagraj Sangam station is temporarily closed around major bathing dates for crowd management.

    The state government, in collaboration with various agencies, implemented a multi-tier security and monitoring system. A network of AI-powered CCTV cameras, drone surveillance, and real-time analytics ensured the safe movement of pilgrims across designated sectors. The administration also introduced a digital token system to streamline access to bathing ghats, reducing overcrowding. Special provisions were made for senior citizens and differently-abled devotees, ensuring that the Kumbh remained an inclusive spiritual experience.

    Adding to the historical significance of Maha Kumbh 2025, the honourable President of India, Smt. Droupadi Murmu participated in the religious festivities on February 10, 2025. Her visit included a sacred dip at the Triveni Sangam, reinforcing the event’s spiritual importance at the highest levels of governance. The President also paid homage at key religious sites, and interacted with saints and devotees. Apart from President Murmu, several union ministers, chief ministers, and governors, including Prime Minister Narendra Modi, Home Minister Amit Shah, Defence Minister Rajnath Singh have also taken a holy dip in the Sangam. Celebrities from Bollywood and the Indian sports fraternity have also marked their presence, engaging in religious rituals and public interactions. The participation of revered saints and spiritual leaders has further amplified the sanctity and grandeur of the event.

       

    Kalpavas, a period of fasting and spiritual discipline, holds deep significance during Maha Kumbh. This year, over 10 lakh devotees observed Kalpavas at the Triveni Sangam, concluding on Magh Purnima, with a final holy dip, pujan, and daan. As per tradition, Kalpvasis will perform Satyanarayan Katha, Havan Puja, and offer donations to their Tirthpurohits. The barley sown at the start of Kalpavas is immersed in the Ganga, and the Tulsi plant is taken home as a divine blessing. The twelve-year Kalpavas cycle culminates in Maha Kumbh, followed by a community feast in their villages.

    Over 7 lakh pilgrims have received medical care through extensive healthcare services. This includes treatment of more than 4.5 lakh individuals at 23 allopathic hospitals, with over 3.71 lakh undergoing pathology tests, and the successful completion of 3,800 minor and 12 major surgeries. Additionally, 20 AYUSH hospitals have provided Ayurveda, Homeopathy, and Naturopathy treatments to over 2.18 lakh pilgrims. The integration of specialists from AIIMS Delhi, IMS BHU, and international experts from Canada, Germany, and Russia has ensured world-class healthcare. Services such as Panchakarma, yoga therapy, and the distribution of health awareness materials have been well-received, enhancing the overall well-being of attendees.

    Aiming to make this the cleanest Kumbh Mela ever, authorities have enforced a stringent waste management plan. Over 22,000 sanitation workers have been deployed, ensuring that the premises remain free of litter. A large-scale water treatment initiative has also been implemented to keep the river water clean and suitable for the sacred dips. Eco-friendly practices, such as banning plastic and using biodegradable cutlery, have been strictly enforced. The Swachh Bharat Mission’s influence is evident in the installation of thousands of bio-toilets and automated garbage disposal units across the Kumbh grounds.

    Throughout the event, cultural programs featuring classical dance performances, folk music, and spiritual discourses take center stage, captivating devotees and visitors alike. Renowned artists, including Padma awardees and folk troupes from various states, showcase the diverse traditions of India through Kathak, Bharatanatyam, and traditional folk dances like Lavani and Bihu. The Kumbh Mela is also hosting various literary gatherings, where scholars discuss ancient scriptures, Vedic philosophy, and the relevance of Sanatan Dharma in contemporary times. Artisans set up stalls displaying handicrafts, handloom products, and religious artifacts, turning the mela into a vibrant cultural confluence.

    Maha Kumbh 2025 is not just a religious gathering; it is a monumental example of meticulous planning, cultural preservation, and technological innovation. With over 45 crore devotees already participating and more expected before its conclusion, this Kumbh stands as a testament to India’s ability to blend tradition with modernity, ensuring a spiritually enriching and seamless experience for all.

    References

    Department of Information & Public Relations (DPIR), Government of Uttar Pradesh

    https://kumbh.gov.in/en/bathingdates

    Maha Kumbh Series: 23/Feature

    Click here to see PDF.

    ******

    Santosh Kumar | Sarla Meena | Rishita Aggarwal

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Defence Secretary holds bilateral meetings on the sidelines of Aero India 2025

    Source: Government of India

    Posted On: 11 FEB 2025 11:51AM by PIB Delhi

    Defence Secretary Shri Rajesh Kumar Singh held a bilateral meeting with Minister for the House of Lords, UK Lord Vernon Coaker on the sidelines of 15th Aero India in Bengaluru on February 11, 2025. They briefly reviewed the ongoing defence cooperation, particularly industrial collaboration, and the ongoing engagements in the maritime domain. They expressed satisfaction over the beginnings being made in key cooperation areas such as Electric Propulsion and aero engines. 

    Earlier, the Defence Secretary co-chaired a UK-India Business Council roundtable meeting with Lord Coaker and British High Commissioner to India Ms Lindy Cameron. This roundtable discussed the opportunities for Indian & UK defence companies to work together on ongoing and future joint projects. A large number of UK defence industries attended the roundtable while Indian industry was represented by the Society of Indian Defence Manufacturers leadership. 

    The Defence Secretary also held a bilateral meeting with Under Secretary of State for Defence, Italy Mr Matteo Perego Di Cremnago. They discussed ways & means to enhance the defence cooperation activities, including increased maritime and air exchanges, and joint project opportunities for Indian & Italian companies.

     ***

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: PRESS RELEASE – PRESENTATION OF CREDENTIALS OF THE AMBASSADOR OF FRANCE TO THE INDEPENDENT STATE OF SAMOA

    Source: Government of Western Samoa

    Share this:

    (TUESDAY 4 FEBRUARY 2025)

    His Excellency Mr Guillaume Lemoine presented his Letter of Credence to the Head of State of Samoa, Afioga Tuimalealiifano Vaaletoa Sualauvi II at a presentation of credential ceremony held this morning at the Head of State’s official residence in Vailele accrediting His Excellency as the first resident Ambassador Extraordinary and Plenipotentiary of France to Samoa.

    Samoa and France have enjoyed cordial relations since the establishment of diplomatic relations on 1 March 1974. The Ambassador expressed that with over 50 years of diplomatic relations, the establishment of a permanent French Embassy in Apia is a historical step forward, which will contribute to strengthening the ties with Samoa and the French territories of French Polynesia, New Caledonia and Wallis & Futuna. The Head of State echoed the Ambassador’s sentiments and stated that the decision to set up an Embassy in Samoa “…places prominence on the recognition of our growing relations and the mutual respect we have for each other.”

    Both the Head of State and the Ambassador acknowledged the contributions of Ms Zita Martel as the French Honorary Consul in Samoa for the last 25 years in strengthening bilateral relations through the promotion of culture and friendship. Afioga Tuimalealiifano expressed that he is confident that the appointment of H.E Guillaume Lemoine as the first Ambassador of France to Samoa with residence in Apia, will further strengthen the existing relations between our two countries.

    His Excellency Mr Guillaume Lemoine holds a Master’s degree in Computer Science Management, a Post-graduate degree in Computerization of Organizations and is a former student of the Paris Institute of Political Studies. Mr Lemoine is a career diplomat who served in various diplomatic missions of France in Athens, Beirut, Kuwait and Lomé. Mr Lemoine was the Ambassador of France to Papua New Guinea prior to his appointment as the first resident Ambassador of France to Samoa. He was awarded distinctions in Medal of Honour of Foreign Affairs and as Knight of the National Order of Merit. Mr Guillaume Lemoine is married to Ms Olivia de Saint-Luc and they have three daughters.

    END.

    SOURCE – Ministry of Foreign Affairs and Trade

    Photos by the Government of Samoa (Leaosa Faaifo Faaifo)

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  • MIL-OSI Asia-Pac: Raksha Rajya Mantri holds a series of bilateral meetings on the sidelines of Aero India 2025

    Source: Government of India

    Posted On: 11 FEB 2025 7:45AM by PIB Delhi

    Raksha Rajya Mantri Shri Sanjay Seth held a series of bilateral meetings on the sidelines of 15thAero India in Bengaluru on February 10, 2025. In his meeting with Under Secretary of State for Defence, Italy Mr Matteo Perego Di Cremnago, both Ministers reviewed the various facets of bilateral defence cooperation including discussion about India’s growing capabilities in manufacturing equipment and development of indigenous systems. They reaffirmed their commitment to strengthen the ties in all spheres.

    During the meeting with Minister for the House of Lords, UK Lord Vernon Coaker, both Ministers reviewed the bilateral defence cooperation and pledged to strengthen the relations. They also reiterated their commitment to work bilaterally and with other partners for peace, prosperity and rules-based world order, specifically in the Indo-Pacific & Indian Ocean Region wherein cooperation would ensure freedom of navigation and rule of law in the maritime & other domains.

    In his meeting with the Minister in Prime Minister’s Office (Defence and Security), Lesotho Mr Limpho Tau, both Ministers discussed the immense potential available in the field of defence exports and ways to expand the cooperation.

    *****

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  • MIL-OSI Security: Commissioner – law ruling leaves policing in a “hopeless position”

    Source: United Kingdom London Metropolitan Police

    The Commissioner has responded to a High Court judgment published today on a judicial review that sought to challenge Operation Assure.

    Operation Assure is the Met’s process, based on national guidance, to consider dismissing officers who can no longer pass vetting. The Met lost the judicial review.

    Commissioner Sir Mark Rowley said:

    “For more than two decades police leaders have been asking Government for greater powers to sack officers who are not fit to wear the uniform. For two-and-a half-years I have repeated that call and successive Governments have promised change.

    “Tens of thousands of good officers joined the police because we care deeply about public safety. The majority of the Met is committed to this drive to clear out those who threaten our collective integrity. This makes us better placed to protect communities.

    “Being able to sack officers who fail vetting is critical. Under Op Assure, in the last 18 months

    • 96 officers have been sacked or resigned due to vetting removal
    • 29 more are on special vetting leave, having lost vetting
    • Over 100 more are in the early stages of vetting reviews

    “Those we have removed vetting from, had a pattern of behaviour that meant if they applied to work in policing today, we’d never let them in.

    “But today’s ruling on the law has left policing in a hopeless position.

    “We now have no mechanism to rid the Met of officers who are not fit to hold vetting – those who cannot be trusted to work with women, or enter the homes of vulnerable people.

    “It is absurd that we cannot lawfully sack them – this would not be the case in other sectors where staff have nothing comparable to the powers a police officer holds.

    “This judgement is focussed on the human rights of Sgt Di Maria. But there are wider human rights at play here, those of the public, and those of colleagues who have to work alongside officers like this.

    “We are seeking leave to appeal the judgment, not just for the Met but for law enforcement nationally due to these profoundly damaging implications.

    “The judge identified a clear gap in the law, one we have done our best to bridge. But as the judge said, the answer lies in strengthened Police Vetting Regulations.

    “So in repeating the same request for two-and-a half-years, echoed by the Casey and Angiolini reports, I am once again calling on the Government today, to introduce new regulations as a matter of extreme urgency.

    “It is crucial they are practical, nimble and empowering. They must allow police forces to deal with those who pose risks to colleagues and of course to the public, and must apply to those we have already removed.

    “Finally, regardless of the current legal framework, the public of London have my assurance and that of my colleagues that Di Maria and those like him will not be policing the streets or working alongside other officers. They will remain on ‘vetting special leave’, a ridiculous waste of public money but the least bad option until regulations are fixed. “

    +++

    A judgment has been published in relation to a judicial review heard at the High Court between 15 and 16 January 2025.

    Sgt Lino Di Maria is a Met officer who during his police service has received allegations of rape, and other allegations about his conduct towards women.

    Under the Met’s ‘Operation Assure’ – a key part of our drive to raise standards and root out corruption – Di Maria’s vetting clearance was reviewed and, in light of the significant pattern of adverse information against him, his vetting was removed.

    Sgt Di Maria applied to the court for judicial review, challenging the lawfulness of the Met’s decision to remove his vetting and refer him to gross incompetence proceedings.

    He challenged the wider Operation Assure process which is the Met’s process, based on national guidance, to consider dismissing officers who can no longer pass vetting.

    The officer would have been dismissed many months ago but for this legal action, which is funded in support of him by the Police Federation.

    The College of Policing and Home Secretary were interested parties to the proceedings.

    The judgment has found in favour of Sgt Di Maria. It is published here: Di Maria -v- Met Police and others – Courts and Tribunals Judiciary

    Background

    Operation Assure

    In March 2023 the Met became the first police service in the UK to adopt a new process, based on College of Policing guidance and called Operation Assure, to consider dismissing officers and staff who can no longer pass vetting.

    It is unacceptable there has never been an explicit legal provision to enable sacking of officers who fail vetting reviews. Policing has asked for this loophole to be closed for more than 20 years. We have been promised for two-and-a-half years that changes will happen but little progress has been made.

    The regulations make it too hard to remove those few who undermine the majority. Our own analysis and that of Casey and Angiolini pointed to the need to ‘join the dots’ – using intelligence to spot patterns of behaviour to remove those who should not be in the job. This followed in the wake of significant cases such as Wayne Couzens and David Carrick.

    Operation Assure is a programme of prioritised vetting reviews for serving officers and staff where we hold significant adverse information that means we need to review their vetting clearance. In most cases this information has not previously led to a criminal conviction, and, in all cases, not dismissal from the Met.    

    Operation Assure provides a pathway for the Met to follow if an officer’s basic vetting clearance cannot be maintained. It can lead to that person being dismissed from the Met at a gross incompetence hearing – as their inability to hold vetting clearance makes them ‘incompetent’ to hold a role.

    There are hundreds of pages of guidance, law and regulations telling us at length how important vetting is and how it should be done. But these are far less clear on what to do if things change and an officer can no longer can be trusted to hold that vetting, nor how such an officer should be dismissed.

    We carefully interpreted the existing guidance and laws as best we could and we filled that gap in the public interest. Operation Assure was the right thing to do in circumstances when the law did not provide a clear way of doing this, and it was supported by the College of Policing. It was a risk, but the issue was too important to ignore and too urgent to wait – the public deserve better.

    Police officers are vetted when they join the Met, with vetting renewal every seven-10 years. The framework exists in the Vetting Approved Professional Practice – as set by the College of Policing.  The framework also says that vetting clearance should be reviewed upon ‘adverse information’.

    The majority of those subject to Assure have worrying patterns of behaviour, mainly allegations of sexual offending. They would not pass vetting if joining the police for the first time today.

    The primary pipeline for Operation Assure is Operation Onyx. The Operation Onyx team have reviewed completed domestic or sexual abuse cases against officers and staff for offences from the last 10 years (until April 2022) to ensure those cases were dealt with properly, and revisit them if not via Operation Assure.

    Operation Assure to date

    • More 300 officers and staff referred into the Assure process overall so far.
    • 107 officers/staff have had vetting withdrawn. 
    • 96 officers/staff have exited the Met (dismissals, retirements and resignations) while in the Op Assure process (including 19 who resigned before their gross incompetence hearing). 
    • This includes 24 officers/staff dismissed at gross incompetence hearing (or staff equivalent) for failure to maintain vetting.
    • Today, 29 officers and staff are in the Met having had their vetting removed and are on vetting special leave. Until the judgment today, 12 of those were due to attend a hearing soon where they may have been dismissed – others had appeals ongoing.
    • Approximately 100 officers and staff are at an earlier stage of the Assure process – perhaps at an early review stage, or awaiting their vetting interview or vetting decision.

    And:

    • 82 have had their vetting retained – which is important to note as it shows the process is fair and proportionate.
    • 7 successful appeals. 

    Examples

    • Officer received multiple rape and sexual assault allegations from a number of separate female complainants in 2011-2023. Under Op Assure, officer had vetting reviewed, removed and he was dismissed at a gross incompetence hearing. Criminal charges followed a year later, as further information came to light following his dismissal. This was the first officer we dismissed under Assure, in October 2023.
    • Officer had numerous domestic abuse allegations, including rape of ex-partner, and also had received two reports of sexual assault/harassment of colleagues. He had been reduced in rank to a PC in 2022 for a separate matter for misuse of his warrant card while off-duty. Under Op Assure, officer had vetting reviewed, removed and he was dismissed at a gross incompetence hearing.     
    • Officer committed indecent act on a train and pleaded guilty to outraging public decency – later received a final written warning. Under Op Assure, officer had vetting reviewed, removed and he was dismissed at a gross incompetence hearing. 
    • Following intelligence checks it was identified that a serving officer was arrested in the USA on charge of endangering welfare of child, having travelled there to meet a 13-year-old girl he had met online.  No criminal charges were brought but the intelligence was reconsidered as part of Assure. Officer resigned in May 2023 when he was told he was to have a vetting review.

    Judicial Review

    A Judicial Review took place at the High Court on 15/16 January between Met officer Sgt Lino Di Maria, supported by the Met Police Federation, and the Met Police supported by the College of Policing and the Home Office as interested parties.

    The Judicial Review challenged the legality of Operation Assure, and how it applied to Sgt Di Maria’s case.

    The multiple historic and serious allegations against Sgt Lina Di Maria, attached to forensics at Kentish Town, were outlined in the hearing.

    His vetting clearance was removed in Sept 2023 and his appeal against this dismissed. In March 2024 he was referred to a gross incompetence hearing due to having no vetting clearance. His particular case was paused pending the outcome of the JR.   

    MIL Security OSI

  • MIL-OSI Economics: Qatar Airways YouTube ads showcase innovation, strategic partnerships, and enhanced passenger experiences, reveals GlobalData

    Source: GlobalData

    Qatar Airways YouTube ads showcase innovation, strategic partnerships, and enhanced passenger experiences, reveals GlobalData

    Posted in Business Fundamentals

    Qatar Airways’ YouTube advertising campaigns for the last six months (August 2024 to January 2025) focus on strategic collaborations, technological advancements, and enhancing passenger experiences. The airline leverages major global events, sports sponsorships and cutting-edge inflight technology to engage diverse audiences. By emphasizing seamless connectivity, luxury offerings, and exclusive partnerships, the campaigns appeal to sports enthusiasts, high-end travelers, and those seeking convenience. This approach reflects Qatar Airways’ commitment to elevating the travel experience and expanding its global presence, according to the Global Ads Platform of GlobalData, a leading data and analytics company.

    Sagar Kishor, Ads Analyst at GlobalData, comments: “Qatar Airways’ advertising campaign highlights its strategy of leveraging partnerships with prominent events like Formula 1 and the UEFA Champions League, while also showcasing innovations such as Starlink Wi-Fi and ORYX ONE. The ads emphasized the airline’s focus on enhancing both in-flight and on-ground experiences, aiming to enhance global connectivity and cultural engagement. By showcasing diverse destinations and highlighting the potential for unique travel experiences, the campaign aims to inspire and appeal to those seeking meaningful adventures and a comprehensive journey.”

    Below are the key focus areas of Qatar Airways’ advertisements, revealed by GlobalData’s Global Ads Platform:

    Technological innovation: Qatar Airways consistently showcases its adoption of new technologies, including Starlink-powered Wi-Fi, which is described as offering “the fastest Wi-Fi in the sky.” The airline also highlights advancements in aircraft design and passenger comfort, such as the Qsuite 2.0, aiming to provide a seamless and connected travel experience.

    Strategic partnerships: The airline’s collaborations with prominent sporting events and organizations, such as Formula 1, the UEFA Champions League, and FIFA, are prominently featured. These partnerships are used to associate Qatar Airways with excitement, global reach, and high performance, increasing overall brand visibility.

    In-flight entertainment: The airline emphasizes its exclusive entertainment offerings, such as the “Pit Stop” series on ORYX ONE, showcasing high-quality in-flight content that enhances the overall passenger experience. This approach highlights Qatar Airways’ commitment to providing a comprehensive and enjoyable travel journey.

    Human connection and personalization: The “Cabin Crew Essentials” and “Star in Your Own Adventure” advertisements focus on relatable stories and individual experiences. This approach fosters a sense of connection with the audience, positioning Qatar Airways as an enabler of personal journeys and meaningful moments.

    Destination promotion and global reach: Qatar Airways’ ads highlight its global reach with seamless connections to over 170 destinations, showcasing cultural landmarks from Texas, Italy, and Qatar. This positions the airline as a gateway to enriching travel experiences, promoting tourism, cultural exploration, and major events.

    MIL OSI Economics

  • MIL-OSI Economics: Obesity market to reach $173.5 billion sales in 7MM by 2031, forecasts GlobalData

    Source: GlobalData

    Obesity market to reach $173.5 billion sales in 7MM by 2031, forecasts GlobalData

    Posted in Pharma

    The number of patients living with obesity keeps growing, and following the recent advances in the therapeutic space, more patients are being prescribed pharmacotherapy on top of the usual diet and exercise lifestyle changes, which by themselves are often unsuccessful. With physicians and patients awareness expected to increase, sales of obesity medications are forecast to reach $173.5 billion in the seven major markets (7MM*) by 2031, according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report “Obesity: Seven-Market Drug Forecast and Market Analysis- Update” reveals that the revolution in obesity treatment is not over yet, and many changes are still needed to fulfill the unmet needs in the obesity space.

    Costanza Alciati, Pharma Analyst at GlobalData, comments: “The therapies available for obesity treatment are still limited, and many patients cannot access them due to their high cost. The most effective weight loss drugs on the market are currently Eli Lilly’s Mounjaro/Zepbound (tirzepatide) and Novo Nordisk’s Wegovy (semaglutide), which are expected to continue generating high sales for their respective manufacturers.”

    According to GlobalData, more than 200 million people currently live with obesity in 7MM, and the numbers will be growing at an annual growth rate (AGR) of 0.7% until 2031.

    Alciati continues: “Although Eli Lilly and Novo Nordisk are expected to maintain their role in the space, there is a big opportunity for new entrants. Pipeline therapies in development include drugs with new mechanisms of action, longer action resulting in a reduced number of treatment days, and oral candidates as potent as currently available injectables.”

    Alciati concludes: “Many promising new drugs are expected to reach the market in the next few years. This will not only continue revolutionizing the obesity space, but also the whole cardiometabolic diseases sector.”

    *7MM- US, France, Germany, Italy, Spain, UK, and Japan

    MIL OSI Economics

  • MIL-OSI United Kingdom: Leased car park’s upper storey closed for safety reasons

    Source: St Albans City and District

    Publication date:

    The upper tier of a Harpenden car park – leased by St Albans City and District  Council – has been shut for safety reasons until further notice. 

    Around 100 spaces have been put out of action at Bowers Way West with some 60 spaces on the ground floor still available.

    The Council has been informed that a structural weakness had been identified during an inspection of the building which is owned by Edenrise Properties.

    Council officers are now waiting for an update from Edenrise about their future plans.

    Councillor Helen Campbell, Lead for Car Parking, said:

    This issue came as a bolt out of the blue and was completely unexpected.

    Sainsbury’s, who also lease some of the site, advised us about the issue and we had no option but to order the car park’s upper storey to be closed to ensure the safety of the public.

    It is most unfortunate news for Harpenden where demand for parking spaces is high.

    However, I am sure residents will understand that this issue is completely out of our control as we do not own the building or have responsibility for maintaining its structure, and safety needs to be the primary concern.

    Our car parking team has been at the scene and started discussions with Edenrise about the next steps. We will keep residents informed about any updates we receive.

    Bowers Way West season ticket holders will be allowed to use Bowers Way East, which has 148 spaces and three disabled bays, at no extra charge.

    The Council operates two other car parks in Harpenden with a further 532 spaces: Lydekker, which is owned by Harpenden Town Council, and Amenbury Lane.

    You can find out more about our car parks here: https://www.stalbans.gov.uk/car-parks-and-street-pay-and-display

    Media contact:  John McJannet, Principal Communications Officer: 01727- 819533; john.mcjannet@stalbans.gov.uk.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: NW Mutual chooses Preston for retail and business customer banking

    Source: City of Preston

    Preston has been chosen as one of the locations for NW Mutual branches, offering a mutual bank service for retail and business customers in the North West.

    NW Mutual Ltd, the co-operative society behind pioneering plans for a mutual bank serving retail and business customers in the North West of England has revealed Preston as one of its locations for approximately 60 proposed branches spanning the region.

    Dave Burke, a highly experienced financial services executive with an extensive background in launching, building and managing regulated businesses, has been appointed as the chief executive of NW Mutual Ltd. Dave Burke said:

    “Our market research, supported by a large body of public research and information, shows a proven need and demand for a bank that’s trustworthy, democratic, ethical, deeply rooted in the North West and that enough people and businesses in the region would use to make it a great success.

    “The North West is more than capable and large enough to create and sustain a prosperous bank. When we achieve our goals, our mutual bank will recycle more than £900m of money from the North West back into the region.

    “This is serious money and it’s already here but it’s not. We want to stop it leaking out and heading south, north or east.”

    Having already registered NW Mutual Ltd with the Financial Conduct Authority (FCA), regulator of financial services firms and markets in the UK, David is preparing a banking licence application to submit to the Bank of England in late 2025.

    If the licence is granted by the Bank of England, the first bricks and mortar branch is planned to open in the third quarter of 2026, with a full roll-out proposed for the first quarter of 2027. So far, about £1m has been invested to build the systems and financial model of NW Mutual, prepare the banking license application and analyse its market.

    Following a decision by Preston City Council Members at full council in January, Preston City Council has committed £250,000 to NW Mutual Ltd becoming the first North West authority to pledge money to supporting the bank’s plans to date.

    Councillor Matthew Brown, Leader of Preston City Council said:

    “For too long much of our mainstream banking system has failed to serve our communities and local businesses. Across the North West region more than half of our branches have disappeared in the last 10 years and small businesses especially struggle to secure the finance needed to expand.

    At Preston City Council we want to do something about that by directly investing in the NW Mutual as a viable cooperative and ethical alternative. We are delighted to hear plans for the first branch to open in Preston and market research shows the public would welcome this new model of banking owned by and run in the interest of local people.”

    The proposed ‘bricks, clicks and flicks’ business model of NW Mutual will deliver hi-tech and staffed branches, complemented by mobile and online banking, providing retail and small and medium-sized enterprise (SME) customers with a full range of financial products and services.

    Visit NW Mutual to learn more.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Rouge Bouillon closure update06 February 2025 ​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… Read more

    Source: Channel Islands – Jersey

    06 February 2025

    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 and 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. 

    Constable Simon Crowcroft of St Helier has previously said: “I fully understand the frustration and inconvenience that the ongoing closure of Rouge Bouillon is causing for residents, businesses, and commuters. This is a highly complex situation involving multiple parties, and ensuring the safety of everyone remains our priority. We appreciate the patience and cooperation of the public as investigations and repair work continue. 

    “The Minister for Infrastructure and I wish to see the Ring Road re-opened as soon as possible. In the meantime, I urge Islanders to continue using alternative routes where possible, and I thank everyone for their understanding during this challenging period.”​

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: York celebrates National Apprenticeship Week

    Source: City of York

    National Apprenticeship Week

    Published Tuesday, 11 February 2025

    City of York Council is celebrating the value, benefits and opportunities apprenticeships bring to individuals and businesses during National Apprenticeship Week (NAW) this week [10-16 February].

    NAW will highlight how apprenticeships are an excellent option to consider for young people wishing to start a career, for employees looking to progress in their current role or retrain for a new career, or for employers needing to fill skills gaps to help grow their business.

    Numerous apprenticeship opportunities are available within York’s key and growth sectors including Hospitality, Engineering,  Health Care and Early Years.  

    Councillor Pete Kilbane, Deputy Leader of the Council and Executive Member for Economy and Culture, including Skills and Apprenticeships, said:

    Prioritising high quality skills and learning for all our residents is a key commitment of our Council Plan.

    “National Apprenticeship Week provides an opportunity for us all to celebrate our amazing apprentices in the city, as well as highlighting the fantastic advantages apprenticeships can bring for employees and employers.”

    City of York Council supports apprenticeships in York through its impartial Apprenticeship Hub, which offers information and advice to potential apprentices and local organisations, as well as through the Apprenticeship Levy Transfer scheme.

    The national scheme enables apprenticeship levy-paying employers to use a percentage of their levy to fully fund the apprenticeship training and assessment costs, from entry level to master’s degree level, for small to medium sized businesses in their area, helping connect them to their future workforce or boost productivity by upskilling existing teams.

    To date, the council has approved over £380,000 worth of apprenticeship levy transfer requests to support both new apprentice recruits and existing employees in York businesses to develop their skills.

    For free, impartial information emailyork.apprenticeships@york.gov.uk or visit www.york.gov.uk/yorkapprenticeships.

    For vacancies to go www.gov.uk/apply-apprenticeship and for information about T Levels got to tlevels.gov.uk

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Vegetable oil fuel rolls out to more bin lorries

    Source: Scotland – City of Perth

    Following a successful trial of Hydrotreated Vegetable Oil (HVO) in several of its bin lorries, Perth and Kinross Council is now extending the use of the fuel to more of its large fleet vehicles.

    HVO is used, filtered vegetable oil and it provides an environmentally-friendly alternative to diesel that helps reduce carbon emissions from previously fossil-fuelled vehicles. As a result of the six-month trial in 2024, a significant reduction in carbon emissions from the six lorries has been achieved, namely a saving of` 87 tonnes of CO2. 

    Starting from 3 February 2025, the process of running down the diesel supply in a further 18 bin lorries based at Friarton in Perth and swapping to HVO is moving forward. It is estimated that a reduction of around 500 tonnes of CO2 a year could be achieved with the changeover. 

    Convener of Climate Change and Sustainability, Councillor Richard Watters said: “The trial introduction of HVO to our bin lorries has proved to be a real success by providing a simple, readily available and much greener fuel source. It reflects the commitment we have made to reducing our carbon footprint and I look forward to seeing more of our vehicles out on the road powered by HVO.” 

    Vice-Convener, Councillor Liz Barrett said: “I warmly welcome this very significant reduction in our CO2 emissions from refuse collection.  It shows great progress towards our targets to reduce emissions from Council vehicles.  I’d like to thank our Waste Management and Fleet teams for their commitment to making a difference.” 

    Last modified on 11 February 2025

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    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Help keep our city tidy

    Source: Scotland – City of Aberdeen

    The Council is asking everyone to help keep our city tidy by using bins provided for litter and dog waste, or taking waste home with them, to avoid the risk of being issued with a fixed penalty notice (fine).

    City wardens are to be given support to help tackle dog fouling and littering following calls from citizens for increased action against offenders.
    Aberdeen City Council has entered into an agreement with National Enforcement Solutions (NES), which will be empowered to issue fixed penalty notices from Wednesday (12 February).

    “Council Co-Leader Councillor Ian Yuill said: “We have heard the feedback from our residents and share the frustration about the problems caused by littering and dog fouling. Dog waste can be harmful, especially to young people. 

    Littering is unacceptable and unsightly. Litter pollutes the environment and is harmful to wildlife. We all share responsibility of looking after our city. It is important to dispose of refuse carefully to keep streets and open spaces clean and to avoid receiving a penalty notice.”  

    Council Co-Leader Councillor Christian Allard said: “The National Enforcement Solutions team will support our wardens – the message to the people of Aberdeen remains the same. Please look after our environment by picking up after your pets, and using the litter bins provided, or take your waste home.”

    The NES team, and City Wardens, will both use digital technology to issue on-the-spot fines for littering, and dog fouling. City Wardens can also issue on-the-stop fines for fly tipping offences. 

    Community Safety Officers will also be undertaking investigations where reports require more in-depth investigation.  

    Where notices are handed out, they will include information on the different methods of payment and dates by which they should be paid so these should be read carefully.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: More Average Speed Enforcement cameras are on the way in Coventry

    Source: City of Coventry

    Coventry City Council is getting ready to extend the Average Speed Enforcement (ASE) network by introducing four more ASE camera locations.

    These measures come following evidence that ASE has been effective across the rest of the network in recent years in a bid to improve road safety and further crackdown on speeding. Data from Transport for West Midlands shows that ASE locations across Coventry have had a significant impact, contributing to more than a 40% reduction in personal injury collisions.

    Moseley Avenue and Four Pounds Avenue, Wheelwright Lane and Holbrook Lane, and Alderman’s Green Road, including Parrotts Grove are the four new ASE corridors approved as part of the Council’s transport capital programme in March 2024. It’s all part of making major routes safer for all road users.  

    We work closely with West Midlands Police, who operate and undertake the enforcement of speed limits and provide historical evidence of collisions resulting in casualties, as well as speed surveys, which indicate that speeding is an issue within the current speed limit area.

    The cameras are due to go live in March/ April time 2025. 

    Councillor Patricia Hetherton, Cabinet Member for City Services said: “These cameras are not being put in place to raise money, the purpose is to keep people safe and to reduce the number of people killed and seriously injured on our roads. We have shown with the other ASE schemes we have introduced across the city that these cameras work to reduce the severity and number of personal injuries.

    “Road safety is a priority for the council and drivers should be getting used to these schemes by now and realise how irresponsible speeding is unacceptable. Avoidable collisions caused by speed and driving dangerously affects many people, so anything done to reduce this is great news for all residents. Just by slowing down and being aware of all others around them will make the city safer for us all.”

    Signs will go up well ahead cameras being switched on to ensure drivers are aware of the go live date for each new zone. We will be installing the bright yellow ASE camera equipment on columns across the four new corridors over the coming weeks. The signs will state the message ‘Average speed enforcement starting soon’ on this road.

    Average Speed Cameras record the registration of a car and calculate its speed by measuring the time taken to travel between set points and are seen as an effective way of reducing speed, as they can cover a longer stretch of road compared to other cameras. Data will be collected over time to give accurate information around speed reduction, collisions and injuries and will show how increased speeds relate to increased serious collisions and injuries.  

    Published: Tuesday, 11th February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Funding awarded to Nairnshire Community Regeneration projects

    Source: Scotland – Highland Council

    Two projects which will bring welcome improvements to Nairn beach and harbour have received a total of £19.8K from the area’s Community Regeneration Fund.

    Community Regeneration Funding is an umbrella term for a number of funds that are available for communities and organisations to access in Highland.

    The first project will help to make the popular East Beach Harbour and Pier area more accessible to people of all abilities. The area is very popular with walkers with its close proximity to various local amenities at the Nairn links. Enhancing the path network will help the area increase its visitation and more visitors to walk to nearby local businesses.

    The second project will look to install a beach shower unit at Nairn Links for beachgoers and those pursuing water sports. Nairn’s vibrant water sports community currently has no shower facilities so this addition will provide a convenient station for users to wash off sand and saltwater after their activities.

    Cllr Michael Green, Nairnshire Area Chair said: “We are delighted to support both projects which will bring welcome improvements to our coastal offering. Nairn beach and harbour is a popular spot for locals and visitors to stroll along and it is right that everyone should be able to enjoy this pastime, no matter their ability. The beach shower unit will also be a great addition to our beach front and its intended location close to the splashpad will help to maintain the operation of the Team Hamish site.

    “I can also confirm that the Committee has recently agreed an uplift to the Team Hamish Nairn Links Regeneration Phase 2 Project to include a new path section linking the Marine Road carpark passed the cottages to reach the Links path at the cricket pavilion. This is another development that will improve accessibility for all at the popular Links area.”

    11 Feb 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Nairn and Cawdor roads capital programme approved for 2025/26

    Source: Scotland – Highland Council

    A proposed list of prioritised roadworks has been agreed by Nairnshire Committee Members, which will be funded out of The Highland Council’s Capital Budget allocation for 2025/26.

    Councillors have agreed funding allocations for specified locations for roads resurfacing works including footpath reconstruction/resurfacing works which can be funded from the capital allocation.

    The estimated local allocation for Nairn and Cawdor (based on 2024/25) is £586K comprising £391K for overlay/inlay works and £195K for surface dressing works.

    Cllr Michael Green, Nairnshire Area Chair said: “I am pleased we were able to agree a list of prioritised roadworks which will make travel in and around the Nairn and Cawdor areas smoother and will result in improved transport links for locals, visitors and businesses.

    “We also recognise that there are some prioritised roads which will have works carried out should funds become available, such as any finalised increase in capital budget allocation and any potential underspend being carried forward.”

    The local allocations capital budget for 2025/26 remains to be established, which will be calculated from the approved capital budget allocation.

    The full list of prioritised roads for the Nairnshire area can be found in the Area Roads report to the Nairnshire Area Committee. 

    Reports are available to download from the Council’s website.

    11 Feb 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Garage rent increase agreed in Nairnshire 2025/26

    Source: Scotland – Highland Council

    Garage rents for the Nairnshire area will increase by 20% for 2025/26 as agreed at today’s Area Committee.

    Councillor Michael Green, Chair of the Nairnshire Area Committee, said: “Garages and garage sites within Nairnshire are competitively priced, and even taking today’s agreed increase into account, our rates still sit below the average across all other areas in Highland.

    “Equally, we recognise that the majority of our garages are used by local residents for storage purposes, with the Council’s offering at a fraction of the cost of commercial solutions.”

    Garage Rent for Council Tenants will increase by £1.60 to £9.62. Meanwhile, Garage Rent for non-tenants will go up by £1.92 to £11.54 per week.

    For Garage Sites, the weekly rent for Council Tenants will increase to £1.12. Garage Site Rent for Non-Tenants will also increase to £1.34.

    As a result, the increase will bring a total of £21,949.78 annually based on current occupancy.

    11 Feb 2025

    MIL OSI United Kingdom

  • MIL-OSI Video: UK ‘Order, order’ your tickets for a tour in Speaker’s House and take a peek beyond the Chair…

    Source: United Kingdom UK Parliament (video statements)

    Experience the history of the role of Speaker of the House of Commons up close over Easter recess.

    Find out more: https://www.parliament.uk/business/news/2025/january/easter-speakers-house-tours/

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

    MIL OSI Video

  • MIL-OSI China: Foreign Minister Lin confers Friendship Medal of Diplomacy on British Office Taipei Representative Dennis

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    No. 029 
    January 27, 2025

    Minister of Foreign Affairs Lin Chia-lung on January 24 conferred the Friendship Medal of Diplomacy on outgoing British Office Taipei Representative John Dennis in recognition of his efforts over the past five years to promote bilateral exchange and cooperation in all areas.

    Minister Lin thanked Representative Dennis for raising British attention on the Taiwan Strait and Indo-Pacific during his tenure. Minister Lin expressed pleasure that the G7 had begun stressing the importance of cross-strait peace and stability as an indispensable element to global security and prosperity since United Kingdom’s G7 presidency in 2021. He also noted that Parliamentary Under-Secretary of State for the Indo-Pacific at the Foreign, Commonwealth and Development Office Catherine West in November 2024 for the first time publicly expressed the UK government’s opposition to China’s misrepresentation of UN General Assembly Resolution 2758. 

    Furthermore, Minister Lin stated that Representative Dennis had initiated regular bilateral dialogue mechanisms on a wide range of issues and had facilitated the signing of bilateral memorandums of understanding on the exchange of driving licenses and organics equivalence, as well as the Enhanced Trade Partnership (ETP) arrangement, thereby further deepening people-to-people, agricultural, economic, and trade exchanges between the two countries. Minister Lin added that during Representative Dennis’s tenure the United Kingdom had actively participated in and co-hosted activities under the Global Cooperation and Training Framework, helping to consolidate partnerships based on democratic values.  

    Representative Dennis said that considerable progress had been made in Taiwan-UK ties in recent years and that bilateral trade had continued to grow. He stated that he had been honored to witness the flourishing collaboration between the two countries, as well as Taiwan’s achievements in combating the COVID-19 pandemic, advancing supply chain resilience, and responding to climate change. He also expressed hope that Taiwan and the United Kingdom would soon conclude negotiations and sign subagreements on key pillars of the ETP, including investment, digital trade, and energy and net-zero emissions.

    Meanwhile, Representative Dennis said that the United Kingdom would do its utmost to support Taiwan’s international participation so that the two countries could jointly contribute to global initiatives on health, ICT resilience, and sustainable development. He concluded his remarks by stressing that peace and stability across the Taiwan Strait were vital to global prosperity and that the United Kingdom and the other G7 members would continue to pay close attention to Taiwan Strait developments. 

    Since taking office in December 2020, Representative Dennis has actively sharpened the United Kingdom’s focus on Taiwan Strait and Indo-Pacific affairs. He has also promoted bilateral exchange and collaboration in such areas as the economy, trade, investment, science and technology, and talent cultivation. His outstanding contributions have further enhanced the mutually beneficial and substantive partnership between Taiwan and the United Kingdom. (E) 

    MIL OSI China News

  • MIL-OSI United Kingdom: Security guard convicted for using fake licence

    Source: United Kingdom – Executive Government & Departments

    A man who tried to use a cloned Security Industry Authority (SIA) licence to work in the security industry has been prosecuted.

    A man who tried to use a cloned Security Industry Authority (SIA) licence to work in the security industry has been given a community order and must pay almost £4,000 in costs.

    Luke Donnelly paid an unknown man £300 for a cloned security licence to work illegally, without proper training. Active Security Solutions Ltd, the company he applied to work for, spotted the deception while conducting routine checks.

    The company alerted the SIA, who launched an investigation into Mr Donnelly.

    Following the investigation, Mr Donnelly was charged and ordered to appear in court for his trial. He failed to appear at Dudley Magistrates’ Court and was found guilty in his absence on 13 December 2024.

    A warrant was then issued for Mr Donnelly’s arrest. He was arrested and appeared at Walsall Magistrates’ Court on 9 January 2025. He was sentenced for using a cloned licence and for failing to surrender to bail. He was given a community order of 120 hours unpaid work. He was also ordered to pay £3,903 prosecution costs and a victim surcharge of £114.

    Mark Chapman, Criminal Investigations Manager for the SIA, said:

    When somebody works in the private security industry with a cloned licence they put the public, their colleagues and themselves at risk.

    In this case, Mr Donnelly thought he could take a shortcut by avoiding the training necessary to safely de-escalate conflict and deal with dangerous situations. He claimed he believed the licence he bought was genuine. However, having held a genuine licence previously, he would have known that this was not the case and that he was breaking the law. This sentence serves as a warning to others who may try to circumvent the legal requirements to hold a valid licence and then avoid being held to account when caught.

    I would like to thank Active Security Solutions Ltd for reporting this to us so that we could prosecute an individual trying to break the law.

    Notes to editors

    Licensed security operatives are subject to robust training requirements to help them protect the public. Deploying untrained and unvetted security operatives with fake or cloned licences puts the public at risk. Anyone suspected of breaking the law should be reported to the SIA.

    If you suspect an individual of using a cloned licence you should report it.

    By law, security operatives working under contract must hold and display a valid SIA licence. Learn how we enforce SIA regulation.

    The offence relating to the Forgery and Counterfeiting Act 1981 that is mentioned above is:

    • Section 3 – knowingly using a false instrument

    Further information

    The Security Industry Authority is the regulator of the UK’s private security industry. Our purpose is to protect the public through effective regulation of the private security industry and working with partners to raise standards across the sector. We are responsible for licensing people who do certain jobs in the private security industry and for approving private security companies who wish to be part of the voluntary Approved Contractor Scheme.

    For further information about the SIA or to sign up for email updates visit www.gov.uk/sia. We also post articles and updates on WordPress. The SIA is on LinkedIn, Facebook (Security Industry Authority) and X (@SIAuk).

    For media enquiries only, please contact media.enquiries@sia.gov.uk.

    Updates to this page

    Published 11 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Security boss convicted of obstructing regulator’s investigation

    Source: United Kingdom – Government Statements

    The director of a Manchester-based security company has been prosecuted after failing to comply with an investigation.

    The director of a Manchester-based security company has been ordered to pay over £3,500 after failing to comply with an investigation into the suspected deployment of unlicensed security operatives.

    Katie O’Neill, the director of I-Guard Security Ltd, ignored several requests for information and invitations to interview from the Security Industry Authority (SIA) last year.

    The SIA first began investigating I-Guard Security Ltd after receiving intelligence from Merseyside Police that unlicensed security operatives had been deployed to a venue in Liverpool. The SIA requested information from O’Neill in March 2024 regarding security provision for the venue but received no reply.

    On 22 April 2024 the SIA sent a further request for information. O’Neill did not respond to this second request. The SIA then invited her to attend an interview under caution in respect of her refusal to provide the information requested. When she did not respond the SIA began prosecution proceedings.

    Manchester Magistrates’ Court sentenced O’Neill on 9 January 2025. The court fined her £1,100 and ordered her to pay a victim surcharge of £440 plus prosecution costs of £2,000.

    Mark Chapman, Criminal Investigations Manager at the SIA, said:

    As regulator for the private security sector, our priority is ensuring that security companies operate within the law, and that their staff are properly trained and licensed to perform their role. When we suspect wrongdoing and need information for our investigations, we have the statutory powers to request this.

    Katie O’Neill failed to respond to such a request. It is an offence to ignore our requests or obstruct our investigation and she has now paid the price. I hope this case serves as a warning to others that we at the SIA take these matters seriously and will not hesitate to act to ensure those who break the law are held accountable for their actions.

    Notes to editors

    By law, security operatives working under contract must hold and display a valid SIA licence. Information about SIA enforcement and penalties can be found on GOV.UK/SIA.

    The offence relating to the Private Security Industry Act 2001 that is mentioned above is:

    • Section 19 – obstructing SIA officials or those with delegated authority, or failing to respond to a request for information

    Further information

    The SIA is the organisation responsible for regulating the private security industry in the UK, reporting to the Home Secretary under the terms of the Private Security Industry Act 2001. The SIA’s main duties are the compulsory licensing of individuals undertaking designated activities and managing the voluntary Approved Contractor Scheme (ACS).

    For further information about the SIA or to sign up for email updates visit www.gov.uk/sia. We also post articles and updates on WordPress. The SIA is on LinkedIn, Facebook (Security Industry Authority) and X (@SIAuk).

    For media enquiries only, please contact media.enquiries@sia.gov.uk.

    Updates to this page

    Published 11 February 2025

    MIL OSI United Kingdom