NewzIntel.com

Category: European Union

  • MIL-OSI NGOs: Poland: Plans to suspend the right to seek asylum ‘flagrantly unlawful’

    Source: Amnesty International –

    Reacting to the Polish government’s new migration strategy which cites the threat of Russia and Belarus using migration to ‘destabilize the country’ and proposes temporary suspension of the right to seek asylum, Amnesty International’s Deputy Regional Director for Europe, Dinushika Dissanayake said:

    “Suspending the right to seek asylum is flagrantly unlawful and Prime Minister Tusk knows this. EU member states like Poland are playing politics with the rights of refugees and migrants. From Poland to Finland, Greece and Germany, so-called emergencies are being weaponized to enact laws that gravely undermine access to asylum and the protection from refoulement.

    “These proposals endanger the rights of people seeking safety. They penalize people who may have been subject to violence and trafficking, or lured to EU borders under false pretenses. They provide for a temporary and territorial suspension of ‘the right to submit asylum applications’, affecting both people crossing ‘irregularly’ along the land border and to those at official border crossing points, referring to Finland’s recently passed law on this issue.

    “These proposals are also blatantly inconsistent with the newly approved EU crisis and force majeure regulation as part of the Pact on Migration and Asylum. States have a range of tools available to respond to security concerns, which must in all cases uphold human rights, including the right to asylum, as protected by the EU Charter on Fundamental Rights.

    “Since 2021, the EU has been tolerating practices enacted by Poland, Latvia and Lithuania at their borders with Belarus that go beyond all powers granted to them under EU law, and more recently at Finland’s border with Russia. It is high time for the European Commission to take its role as guardian of the treaties seriously and send a clear message that fundamental rights cannot be bent to political interests.”

    Background

    States refer to “instrumentalization” of migration to designate actions by third states or other actors that facilitate irregular migration movements into another country in an attempt to destabilize it.

    The plans for the suspension of asylum applications form part of Poland’s strategy on migration for 2025-2030, approved by the Government on 15 October 2024.

    These plans are the latest in the Polish government’s efforts to undermine the human rights of refugees and migrants arriving at the Polish-Belarussian border. The proposal also comes as Poland, together with Lithuania and Latvia (in separate but similar cases), faces imminent scrutiny at the European Court of Human Rights for the situation of a group of Afghan people seeking asylum who were stranded at the border with Belarus in 2021, as the Polish authorities allegedly prevented from accessing asylum and summarily returned them.

    For more information, please contact [email protected]

    MIL OSI NGO –

  • MIL-OSI United Kingdom: Anniversary Statement: Socata TB-20 Tobago, (N33NW), 10 October 2023

    Source: United Kingdom – Executive Government & Departments

    Collision with trees during takeoff, Langham Airfield, Norfolk, 10 October 2023

    This statement provides an update on the ongoing AAIB investigation into an accident involving a Socata TB-20 which struck trees during takeoff at Langham Airfield, Norfolk.

    The investigation into this accident has been completed and the investigation report will be published in the near future.

    Updates to this page

    Published 16 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Joint statement on establishing Multilateral Sanctions Monitoring Team (MSMT)

    Source: United Kingdom – Executive Government & Departments

    Several countries gave a joint statement on the establishment of the Multilateral Sanctions Monitoring Team (MSMT) in response to the termination of the mandate of the Panel of Experts for the UNSC 1718 Sanctions Committee in April this year.

    The Republic of Korea, Japan, the USA, the UK, France, Germany, Italy, the Netherlands, Australia, Canada and New Zealand gave a statement on their recent establishment of the Multilateral Sanctions Monitoring Team (MSMT) for the implementation of UN Security Council Resolutions regarding the DPRK:

    We, the participating states of the MSMT, are aligned in our commitment to uphold international peace and security and to safeguard the global non-proliferation regime and address the threat arising from the Democratic People’s Republic of Korea’s (DPRK) weapons of mass destruction (WMD) and ballistic missile programs, which are in violation of UN Security Council resolutions (UNSCRs).

    In light of the veto which disbanded the UN Security Council’s 1718 Committee Panel of Experts this year, we hereby express our intention to establish the Multilateral Sanctions Monitoring Team (MSMT), a multilateral mechanism to monitor and report violations and evasions of the sanction measures stipulated in the relevant UNSCRs. The goal of the new mechanism is to assist the full implementation of UN sanctions on the DPRK by publishing information based on rigorous inquiry into sanctions violations and evasions attempts.

    We underscore our shared determination to fully implement relevant UNSCRs regarding the DPRK, reaffirm that the path to dialogue remains open, and call on all states to join global efforts to maintain international peace and security in the face of the ongoing threats from the DPRK.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 16 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI NGOs: MSF urges Polish authorities to retract announced suspension of right to seek asylum

    Source: Médecins Sans Frontières –

    • We are deeply concerned by the Polish government’s plan to suspend the right for people to seek asylum in Poland.
    • This is a major escalation in a series of actions to dehumanise migrants, refugees, and asylum seekers.
    • MSF urges the Polish government to change their course of action and ensure migrants and refugees are protected in the country.

    Warsaw- Médecins Sans Frontières (MSF) is deeply concerned by the Polish government’s plan to suspend the right for people to seek asylum in Poland. Such a suspension will have predictable dramatic consequences for people seeking safety in Europe. MSF calls on the Polish authorities to drastically change course of action and take all necessary measures to ensure the protection and rights of refugees and migrants.

    Over the last days, the Polish government announced a strategy to reform the country’s migration policy, including the possibility of a temporary suspension of the right to seek asylum in Poland in order to “regain control” of borders and “ensure security”.https://notesfrompoland.com/2024/10/15/polish-government-approves-tough-new-migration-strategy-including-possibility-to-suspend-asylum/

    While the full details of the government’s plan are yet to be disclosed, MSF warns that such restrictive and punitive measures against people seeking safety, denying them legal pathways to protection, would only lead to more harmful border practices at the Poland-Belarus border and further expose already vulnerable people to life-threatening conditions.

    “The Polish government’s willingness to further restrict and suspend the right to seek asylum is extremely concerning and risks leading to more unchecked pushbacks and violence against people crossing the border,” says Uriel Mazzoli, MSF Head of Mission in Poland.

    “The new Polish government had an opportunity to reform the country’s asylum and reception system but has instead only deepened existing and dangerous political rhetoric, rooted in a ‘crisis’ narrative, further normalizing a militarized response, violent practices and denial of humanity to people seeking safety in the European Union,” says Mazzoli.

    Since November 2022, MSF teams have treated over 400 people, many of them stranded for weeks in uninhabitable forests and exposed to violent practices at the border. Given the extreme conditions of deprivation people experience in the border area, MSF patients suffer from a wide range of severe medical conditions ranging from exhaustion, hypothermia, dehydration, trench foot to mental health issues.

    In 2024, our teams have also witnessed a sharp increase in people carrying the scars of physical assaults, including bruises and dog bites. In July 2024, MSF teams treated for the first time injuries related to the use of rubber bullets being fired. Additionally, half of people MSF has seen in 2024 have reported having been pushed back, some of them several times.

    This latest announcement represents a further escalation of an already extremely hostile environment for people on the move and those providing humanitarian assistance to them. In June 2024, the Polish authorities imposed a ban on access to the border zone, which has prevented civil society and humanitarian organizations from accessing people in need in these areas. 

    Layers of barbed wire on the Poland-Belarus border at the river in Kozłowe Borki. Poland, January 2024.
    Jakub Jasiukiewicz/MSF

    Despite official requests for unrestricted and independent access to the entire border region, MSF has been granted access to only a limited part of the buffer zone. This buffer is an exclusion zone along 60 kilometers of the country’s border with Belarus and includes key locations where most people on the move have been crossing the border since 2021.

    Not only does this ban prevent the delivery of essential assistance, but it also enables much of the violence reported by people we treat to take place out of sight.

    “The restrictions on humanitarian and medical aid at the Poland-Belarus border are already alarming, with entire zones where humanitarian workers are prevented access and a legislation that could favor the use of violence by state authorities,” says Mazzoli. “Delaying assistance and medical care to people at the border can have life-threatening consequences as many of the patients we see experience health issues that can rapidly deteriorate.”

    The suspension of territorial asylum will have far-reaching consequences on the capacity of people seeking safety in Poland to access medical care and protection. Worryingly so, such extraordinary measures are becoming the despicable new normal in the European Union (EU), where governments and institutions have increasingly seized upon the notion of ‘crisis’ as a reason to derogate from minimum standards and people’s rights.

    Over recent years, MSF teams have witnessed many examples of the detrimental consequences of policies that put border controls above human life across our projects in Greece, Libya, the Central Mediterranean Sea and Belgium. For too long now, EU member states have been waging a war on some of the world’s most vulnerable people under the guise of ‘instrumentalisation’ by third countries.
     
    MSF calls on the Polish authorities to retract the announced suspension of the right to seek asylum and to end this gross dehumanisation of refugees and migrants and the increasing militarisation of responses towards them.

    MSF activities in Poland:
    After a short intervention along the Poland–Belarus border region in 2021, MSF teams returned in the Podlasie region, near the border with Belarus, in November 2022. Since then, our medical team provides basic medical care through mobile teams in remote locations and organise emergency referrals and follow-up, in close cooperation with other organisations and civil society groups. Furthermore, since 2022, MSF supports the Polish Ministry of Health to offer medical and psychosocial care to patients with tuberculosis.

    MIL OSI NGO –

  • MIL-OSI United Kingdom: National Drought Group discusses preparations for extreme weather

    Source: United Kingdom – Executive Government & Departments

    Water resources are healthy following the wettest 12 months in England since 1836

    The changing climate means we will see more extreme weather in the coming years, the National Drought Group heard at its latest meeting today (16 October 2024), which was attended by Water Minister Emma Hardy.

    The Environment Agency chaired a routine meeting of the expert group today in which it was confirmed that water resources are currently healthy following the wettest 12 months (October 2023 to September 2024) on record in England. However, the Group discussed that flood and drought should be viewed as different sides of the same coin and England needs to be prepared for an increase of both in the coming years.

    Despite recent warnings about flood preparedness, the Environment Agency reiterated that droughts are likely to become more frequent and more severe in future, and we need to be ready for all rainfall scenarios. Extreme dry weather can come unexpectedly, as happened in the summer of 2022, and can impact our lives in various ways, including on agriculture. At the meeting, attendees heard about the challenges farmers and growers have experienced this year in managing the variable weather conditions. The importance of making the environment more resilient to the impacts of all weather extremes was also discussed.  

    It comes a week after the Environment Agency warned there were significant areas of under-delivery against water resource management plans, meaning improvements are needed in order to manage water supplies efficiently and sustainably.

    Chairing the meeting, Environment Agency Director of Water, Helen Wakeham said:

    Heavier rainfall and drier summers are the shape of things to come, and this will be an enormous challenge over the next few decades.  

    As well as preparing for floods, we must ensure we are resilient to drought, and we cannot be complacent even when water resources are healthy. 

    Water companies must deliver on their commitments to improve infrastructure and rollout smart water meters, but we can all take small steps to reduce demand such as installing a water butt to capture rain to water the garden.

    Water and Floods Minister Emma Hardy said:

    Population growth and climate change is putting tremendous pressure on our water system, and we all saw in 2022 how quickly drought can take hold.  

    We need to be prepared for all eventualities and the government is taking decisive action to improve the resilience of our precious water supplies.  

    This Government will secure investment to upgrade our crumbling water infrastructure, which in turn will help fix leaks and ensure water is used more efficiently.

    The National Drought Group – which includes the government, regulators, water companies, farmers, conservation experts and the Met Office   – heard about the current water resources situation:

    • The last 12 months has been the wettest October to September on record since 1836 for England. Some parts of the country received more than three times the average rainfall in September.

    • Reservoir storage across England was at 76% of total capacity at the end of September.

    • River flows in September were normal or higher at three-quarters of sites, with a third ‘exceptionally high’ for the time of year.

    • Groundwater levels usually continue to decline in September and, despite the wet weather, this is the case for the majority of sites. However, we are now seeing groundwater levels in early October rising in many aquifers in response to the exceptionally wet September. 

    Water resources

    By 2050, England will need to find an additional 5 billion litres of water a day to meet demand for public water supply. This is more than a third of the 14 billion litres of water currently put into the public water supply. To bridge the gap between supply and demand, proposed developments over the next three decades include nine new reservoirs. However, earlier this month the EA warned of under-delivery against these plans, noting that some water companies wouldn’t have had sufficient water supply to meet planned levels of resilience in the event of a drought last year.

    In the last six months, regulators – including the EA, Ofwat and Natural England – have been working with all water companies on their final 2025-2030 Water Resource Management Plans. National Drought Group members also heard that the EA will launch an eight-week public consultation in the coming weeks on how drought is managed in England, calling for public views on the document and input into its operational area drought plans.

    Further information

    The meeting follows recent measures announced by the government and the Environment Agency to drive improvements across the water sector.  

    • 100% of storm overflows are monitored which helps the Environment Agency to inspect water companies and ensure they are operating within their permits. 

    • The EA is implementing a fourfold increase in water company inspections to hold companies to account – 4000 will be carried out by the end of March 2025, and 10,000 in 2025/26. 

    • The EA is recruiting up to 500 additional staff and using more data-driven analytics to identify any non-compliance and take action.  

    • The EA is conducting its largest ever criminal investigation into potential widespread non-compliance by water and sewerage companies at thousands of sewage treatment works. Tough enforcement action has already led to over £151m in fines since 2015.   

    • In his first week, the Secretary of State for Environment Food and Rural Affairs Steve Reed announced a series of initial steps towards ending the crisis in the water sector.

    • After writing to Ofwat, the Secretary of State has secured agreement that funding for vital infrastructure investment is ringfenced and can only be spent on upgrades benefiting customers and the environment. Ofwat will also ensure that when money for investment is not spent, companies refund customers, with money never allowed to be diverted for bonuses, dividends or salary increases.

    • Water companies will place customers and the environment at the heart of their objectives. Companies have agreed to change their ‘Articles of Association’ – the rules governing each company – to make the interests of customers and the environment a primary objective.

    • There will be strengthened protection and compensation for households and businesses when their basic water services are affected. Subject to consultation, the amount of compensation customers are legally entitled to when key standards are not met will more than double. The payments will also be triggered by a wider set of circumstances including Boil Water Notices.

    • The Secretary of State has announced that the Government will be carrying out a review to fundamentally transform how our water system works and clean up our rivers, lakes and seas for good.

    • The Water (Special Measures) Bill has been introduced to Parliament. It will:

      • Strengthen regulation to ensure water bosses face personal criminal liability for lawbreaking.
      • Give the water regulator new powers to ban the payment of bonuses if environmental standards are not met.
      • Boost accountability for water executives through fitness and proprietary tests.
      • Introduce new powers to bring automatic and severe fines.
      • Require water companies to install real-time monitors at every sewage outlet with data independently scrutinised by the water regulators.

    Updates to this page

    Published 16 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI: WENDEL: Wendel completes the acquisition of c.50% of Globeducate, a leading international K-12 education group

    Source: GlobeNewswire (MIL-OSI)

    PRESS RELEASE – OCTOBER 16, 2024

    Wendel completes the acquisition of c.50% of Globeducate, a leading international K-12 education group

    Wendel (Euronext: MF.FP) has completed the acquisition of c.50% of Globeducate, one of the world’s leading international K-12 education groups, from Providence Equity Partners, (“Providence”), a premier private equity firm specializing in growth-oriented investments in media, communications, education and technology.

    Wendel invested €625 million of equity, at an Enterprise Value of c.€2 billion1, to join Providence, which has been the Globeducate reference shareholder since 2017, and both firms will now own c.50% of the group.

    Founded in 1972 in Spain, Globeducate provides K-12 (primary and secondary) education through a network of 67 premium bilingual and international schools, as well as online programs, across 11 countries mostly in Europe. The Group employs more than 6,000 people, including 4,000 highly qualified teachers.

    Globeducate schools provide more than 40,000 students with a world-class education adhering to high academic standards. Globeducate students representing a wide range of backgrounds, benefit from a comprehensive and innovative educational experience – as well as first-class pastoral care – to prepare them to become ‘global citizens who can shape the world’. Many students achieve top grades and are typically accepted into higher education programmes at 50 of the world’s top 100 universities. School facilities are modern and well-appointed, having benefited from significant investment in recent years. Importantly, Globeducate aligns closely with Wendel’s strategy and values.

    Providence has been the majority shareholder of Globeducate since 2017. Under Providence’s ownership, Globeducate has delivered double-digit average annual revenue growth through a combination of organic growth new developments, and accretive external growth, with 23 international accretive acquisitions completed over the period and opportunities in the pipeline.

    Globeducate is expected to achieve revenue2 of c.€440 million, c.80% of which would be generated in Europe, and EBITDA3 of c.€120 million in its financial year ending August 2025.

    Agenda

    Thursday, October 24, 2024

    Q3 2024 Trading update – Publication of NAV as of September 30, 2024 (post-market release)

    Thursday, December 6, 2024,

    2024 Investor Day.

    Wednesday, February 26, 2025

    Full-Year 2024 Results – Publication of NAV as of December 31, 2024, and Full-Year consolidated financial statements (post-market release)

    Thursday, April 24, 2025

    Q1 2025 Trading update – Publication of NAV as of March 31, 2025 (post-market release)

    Thursday, May 15, 2025

    Annual General Meeting

    Wednesday, July 30, 2025

    H1 2025 results – Publication of NAV as of June 30, 2025, and condensed Half-Year consolidated financial statements (post-market release)

    1 EV including IFRS 16 impacts. Excluding IFRS 16, EV stands at c.€1.86 billion.

    2 Including ongoing acquisitions under exclusivity (c.€25 million).

    3 Including ongoing acquisitions under exclusivity (c.€9 million). Including IFRS 16 impacts. EBITDA excluding IFRS 16 impacts stands at c.€96m.

    Attachment

    The MIL Network –

  • MIL-OSI Europe: Engaging men to support gender equality in focus at Warsaw Human Dimension Conference

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: Engaging men to support gender equality in focus at Warsaw Human Dimension Conference

    Katri Viinikka, Ambassador for Gender Equality at the Ministry for Foreign Affairs of Finland, speaking at event organized by the OSCE Office for Democratic Institutions and Human Rights (ODIHR) CHANGE project and OSCE Gender Issues Programme’s WIN project during this year’s Warsaw Human Dimension Conference. (OSCE/Piotr Dziubak) Photo details

    The critical role of men in supporting gender equality was discussed at an event organized by the OSCE Office for Democratic Institutions and Human Rights (ODIHR) CHANGE project and OSCE Gender Issues Programme’s WIN project during this year’s Warsaw Human Dimension Conference.
    “Advancing gender equality has been a key area of ODIHR’s work since its foundation more than 30 years ago,” said Tea Jaliashvili, ODIHR Director’s Alternate/First Deputy Director. “The vital role that men and boys play in achieving this objective has not always been taken into account in the past, making our discussions even more important.”
    “Men have a pivotal role to play in challenging the attitudes, behaviours and social norms that perpetuate gender inequality and allow violence against women to persist. After all, how can we expect to succeed if 50 per cent of the population do not stand in solidarity with women in the pursuit of equality?” emphasized Lara Scarpitta, OSCE Senior Adviser on Gender Issues and Head of the Gender Issues Programme.
    During the event, which was also supported by the Delegations of Ireland and Norway to the OSCE, international experts discussed the need to balance men’s engagement with continued support for traditional advocates for gender equality. They shared experiences and insights and identified opportunities to increase men’s engagement and strengthen support for gender equality initiatives across the OSCE region.
    “Men must be active allies in this fight, working alongside women to challenge toxic behaviours and standing against all forms of violence. We must engage men and boys in education, prevention, and in promoting respect and equality,” said Liliana Palihovici, OSCE Special Representative on Gender.
    “Unconscious bias of decision-makers and employees in public administration, that is not addressed sufficiently through education and in society, much more often than ill intent, affects people’s individual experiences. If mistrust and lack of understanding of the different perspectives is at least part of the problem, then surely dialogue is a key part of the solution,” said Wojciech Brzozowski, Poland’s Deputy Ombudsman and Professor at Warsaw University.
    The event was also an opportunity to present the forthcoming OSCE policy and practice recommendations for engaging men in gender equality and ODIHR Sarajevo Recommendations on Engaging Male Politicians as Critical Actors for Gender Equality in Politics.

    MIL OSI Europe News –

  • MIL-OSI Security: Two men arrested as victim named following a fatal shooting in Barking

    Source: United Kingdom London Metropolitan Police

    Two men have been arrested by detectives investigating a fatal shooting in Barking.

    Police were called at approximately 04:35hrs on Sunday, 13 October to reports of a man injured in Linton Road, Barking.

    Officers and London Ambulance Service attended and found a man suffering a gunshot injury. Despite the best efforts of the emergency services he was pronounced dead on scene.

    He has today been named as Hanif Redwood, who was aged 32. His family continue to be supported by specialist officers.

    A special post mortem revealed that he died of a single gunshot wound to the head.

    Two men have been arrested on suspicion of murder, they remain in custody in an East London police station.

    Detective Chief Inspector Mark Rodgers, who is leading the investigation, said: “We continue to work at a fast pace to progress this investigation. We have made two arrests which is a positive step forward into building a picture of what happened on Sunday night.

    “Hanif was an innocent member of the public whose life was tragically taken far too soon. Hanif was a father of two, this painful loss will forever effect his family.

    “We will continue to support Hanif’s family and will update them at every point possible. We ask for you to respect their privacy during this unimaginably difficult time.

    “Despite the two arrests, we are appealing for anyone who was present in the area who may have seen or heard anything relating to this incident to please get in touch. I want to stress to you that Hanif was a hardworking, innocent man – we need to understand why this attack was carried out.

    “You can submit any footage or information via this link.

    “I want to thank the community for their patience as we carried out all our relevant enquiries. Your support does not go unnoticed. We will have extra patrols in the area – please do voice any of your concerns to officers.”

    Anyone with information is asked to call 101 or ‘X’ @MetCC and quote CAD1295/13OCT. You can upload information and material online.

    You can also provide information anonymously to the independent charity Crimestoppers on 0800 555 111.

    MIL Security OSI –

  • MIL-OSI Global: Three ways the upcoming UN biodiversity summit could make a difference

    Source: The Conversation – UK – By Harriet Bulkeley, Professor of Geography, Durham University

    Projects on the Indus River in Pakistan are helping to tackle biodiversity loss. Salik Javed/Shutterstock

    When negotiations at Cop15 – the UN’s biodiversity conference – ended in December 2022, many delegates breathed a sigh of relief.

    Threatening snowstorms outside the convention centre in Montreal, Canada seemed to lift just as the political weather changed and the long-awaited Kunming-Montreal global biodiversity framework was agreed. It’s mission: to halt and reverse biodiversity loss by 2030 in order to achieve the ultimate goal of a society living in harmony with nature by 2050.

    Fast forward two years and governments, businesses, representatives of Indigenous people and local communities, experts from environmental groups such as the World Wildlife Fund (WWF) and scientists will gather for the follow-up Cop16 meeting in Cali, Colombia, from October 21. Many due to attend, including myself, wonder whether the promise made to “halt and reverse biodiversity loss by 2030” is achievable.

    Initial signs are not promising. For starters, no international targets for biodiversity have ever been met.

    Only a handful of countries, including China, Canada and France, have submitted new national biodiversity plans demonstrating how they will implement the promises made two years ago. Most countries, including the UK, (that’s more than 80% in total) haven’t submitted their full plans.

    Countries can also submit updates for the 23 targets listed in the framework. The UK and others have submitted targets such as promising to reduce the impact of pollution on nature and ensuring that 30% of land is effectively protected in line with the framework.

    But crucial questions remain about how those goals will be reached. To make Cop16 effective, three things need to happen.

    1. Decide on a plan

    When delegates gather in Cali, questions of implementation will be front and centre of the negotiations. The first challenge is that the approach for monitoring progress on all 23 targets – including issues such as improving access to nature in cities, reducing harmful subsidies and restoring 30% of degraded ecosystems – is yet to be agreed.

    For some, the approach that has been developed so far lacks ambition in crucial areas. Indicators suggested for monitoring progress on reducing the impacts of consumption on nature remain very weak for example. For others, it may prove too challenging.

    For example, countries with limited access to data might not be able to track alien species or assess how critical services provided by nature to make societies more resilient might be affected by climate change. Getting agreement at the Cop16 negotiations will be vital in order to hold countries to account as the 2030 deadline set to achieve all of the targets approaches.

    2. Find the funds

    Another crucial issue is funding: who will pay for the action required? The global biodiversity framework fund (GBFF) was established in 2023 to provide financial support.

    Yet so far, it has only attracted contributions of around US$230 billion (£176 billion) from a small group of countries including Canada, the UK, Germany, Japan and Spain. Leaders gathering in Cali, and especially those from developing countries, are calling for more funding and for greater control over how it is allocated.

    The next UN biodiversity conference will be held in Cali, Columbia from October 21 to November 1.
    Tudoran Andrei/Shutterstock

    3. Make biodiversity matter

    A third debate will decide how best to ensure that biodiversity action is mainstreamed across governments, businesses and communities.

    In Montreal, countries agreed to make sure that the impacts on nature were considered across different policy areas (such as building new roads or developing new energy sources) and in economic sectors, from fishing to agriculture and mining to tech.

    They agreed that groups most likely to be affected by the loss of nature, including Indigenous people and local communities, women and youth, should help make key decisions. While targets such as protecting 30% of the land and sea for nature are crucial, progress will only happen if nature is put on everyone’s bottom line.

    Delivering real change

    The urgent need for action is not lost on delegates gathering in Cali. There is a real risk that the promise countries made in Montreal to deliver “transformative action by governments, and regional and local authorities, with the involvement of all of society” won’t be met.

    But there are some hopeful signs of transformative change to conserve and restore nature and ensure its sustainable use.

    Take, for example, the Tree Equity Partnership in Detroit, US. This partnership between the city, US-based charity American Forests and the local non-profit charity Greening of Detroit aims to plant 75,000 trees. This will create places of beauty, biodiversity and climate resilience in underserved neighbourhoods and generate 300 new jobs in the city.

    In Pakistan, the Living Indus initiative is an umbrella organisation that has identified 25 projects involving local and regional governments, businesses and communities working together to restore the ecological health of the Indus river.

    Businesses are also calling for real change. More than 170 investors have signed a pledge developed by a coalition of financial institutions called the Finance for Biodiversity Foundation to take action for nature across their portfolios.

    New science-based standards are being developed to drive the mainstreaming of biodiversity action through their companies and associated supply chains. Cop16 is expected to see increased interest from the private sector and a focus on tackling climate change and biodiversity together.

    These projects are successfully tackling the root causes of global biodiversity loss. They integrate solutions and deal with social and environmental issues – poverty and exploitation, climate risks and land use change. Tackling these problems is just as vital as the need for sustainable production and consumption plus investment that works for, not against, nature.

    Projects such as these are the ones that give scientists and conservationists like me – and organisations like WWF that I work with – hope. We want to see more projects that take action on nature, climate and social justice together. If Cop16 can make even a small step in this direction, the world will be travelling towards making real progress by the end of this decade.


    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 35,000+ readers who’ve subscribed so far.

    Harriet Bulkeley receives funding from the European Commission and currently serves as an advisor to the UK Department of Environment, Food and Rural Affairs.

    – ref. Three ways the upcoming UN biodiversity summit could make a difference – https://theconversation.com/three-ways-the-upcoming-un-biodiversity-summit-could-make-a-difference-240225

    MIL OSI – Global Reports –

  • MIL-OSI Global: Award-winning bullfighting documentary likely to anger aficionados and abolitionists alike

    Source: The Conversation – UK – By Duncan Wheeler, Professor in Spanish Studies, University of Leeds

    Every year the Spanish ministry of culture awards prizes for different artistic disciplines. From next year onwards, the country’s national bullfighting award will be withdrawn. The current Spanish minister of culture, the Barcelona-born Green politician Ernest Urtasun, supports the prohibition of what has long been known as Spain’s “national fiesta”.

    At the awards ceremony held at the Reina Sofia Museum last week, the minister refused to applaud this year’s winner for “sustained excellence in bullfighting”, Julián López El Juli, the recently retired Madrid-born matador. El Juli retorted to the slight by holding out his hand and publicly calling out the minister’s lack of respect as evidence that he was unfit to hold office.

    Bullfighting predates football as a form of mass entertainment, and has been a source of inspiration for artists and intellectuals for centuries. It still has its followers in the present day, but young urban Spaniards are increasingly sensitive to the undeniable cruelty involved. Bullfighting was banned in Catalonia in 2011. Bullfights, known as corridas, are still staged in much of the rest of Spain, but it can be career suicide for artists, politicians or intellectuals to be associated with them.

    So I, like many in Spain and the Basque Country, didn’t expect the jury of the 72nd San Sebastian Film Festival to award its highest accolade, the Concha de Oro (Golden Shell), to a bullfighting documentary. The director of Tardes de Soledad (Afternoons of Solitude) is Albert Serra, an iconoclastic filmmaker from Gerona, a fiercely pro-independence province of Catalonia.

    The trailer for Tardes de Soledad.

    For five years, Serra and his crew have been following the exploits of two rising stars with the ambition to become figuras, the term for that handful of elite matadors like El Juli, who appear on the most lucrative and prestigious bills.

    Bullfighting and the screen arts have history in and beyond Spain. During cinema’s infancy, early filmmakers the Lumière brothers filmed matadors in Madrid. At annual village fairs, Spaniards would pay to enter a tent and watch recordings of professional corridas. The Valencian Vicente Blasco Ibánez’s 1908 novel Blood and Sand has a strong claim to being the earliest literary text to be written with a future film adaptation in mind.

    In 1951, Hollywood actress Ava Gardner (a close friend of Ernest Hemingway, author of bullfighting novel Death in the Afternoon) starred alongside Catalan matador Mario Cabré in Pandora and the Flying Dutchman, which featured corridas in Gerona (the city’s bullring was demolished in 2006). Spanish television started broadcasting bullfights in 1956. Nearly 70 years later, Movistar Spain shut down its dedicated bullfighting channel in March 2023.

    Oscar-winning writer and director Pedro Almodóvar – who received a lifetime achievement award at San Sebastian this year – has his Madrid offices close to the world’s premiere bullring, Las Ventas. In 1986 he portrayed the world of bullfighting in Matador, starring a very young Antonio Banderas, later returning to the subject in Talk to Her (2002).

    This film, which won Almodovar the Oscar for best screenplay, contains scenes in which a female matador is gored in the picturesque bullring in Aranjuez. The British Board of Film Censorship insisted on cuts, and Almodóvar faced legal challenges from animal rights groups. According to Spanish law, corridas are permitted and can be filmed. The legal situation becomes thornier if a bull is killed by a professional matador for the sole purposes of the event being captured on film.

    The trailer for Talk to Her.

    Documenting the glory and the horror

    Nothing is staged for Serra’s documentary. He followed the Peruvian Andrés Roca Rey, a box-office phenomenon often dismissed by serious aficionados as a crass populist; and the more refined Pablo Aguado, a native of Seville.

    Serra connected better with Roca Rey, capturing his fears and solitude in an often hostile professional environment. Pay-for-view television channel Canal+ set a new gold standard for broadcasting bullfights with technical panache. Serra makes no attempt to replicate this labour. Placing the camera at the eye level of the bull and the matador results in a far more graphic and gruesome spectacle.

    The Catalan filmmaker is amongst world cinema’s masters of sound design, and the audience is privy to the bull’s breathing as well as conversations between the matador and his team once the afternoon’s activities in the sand have come to a bloody conclusion.

    Tardes de Soledad is likely to anger and unnerve aficionados and abolitionists alike. Industrial farming is arguably crueller than bullfighting, but recognising this fact is not automatically a defence of the “national fiesta”. It might just be that any hypothetical prohibition needs to framed alongside a wider reassessment of our relationship with, and responsibility to, non-human creatures.

    Some abolitionists suggest that, even though bulls are sold for meat afterwards, it is death and torture being employed for entertainment that renders corridas so problematic. Psychological desensitisation is a real risk, especially when children are in attendance.

    Aficionados claim bullfighting is a rare opportunity to address our own mortality in a society in which death and nature are increasingly kept at a distance. Almodóvar’s pristinely shot bullfighting scenes nevertheless show how ritualised beauty – the vivid stylised outfits, the music, the choreography and the architecture – often divert attention from the blood.

    Serra’s harrowing footage might even shake some enthusiasts out of their complacency. Can so much animal and human suffering be justified in the name of an ancestral art? Conversely, Tardes de Soledad registers the poetry, pain and pathos of bullfighting in and beyond the arena. Dialogues between Roca Rey and his entourage establish a new benchmark for depicting the interior world of a matador, more unforgiving and empathetic than anything by Hemingway.

    A rallying call at anti-bullfighting demonstrations is: “It’s not culture, it’s torture.” Serra’s documentary warrants the Concha de Oro for showing the terms are not mutually exclusive.


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

    – ref. Award-winning bullfighting documentary likely to anger aficionados and abolitionists alike – https://theconversation.com/award-winning-bullfighting-documentary-likely-to-anger-aficionados-and-abolitionists-alike-241381

    MIL OSI – Global Reports –

  • MIL-OSI Global: Israel-Iran and the nine stages of how conflicts can escalate and get out of control

    Source: The Conversation – UK – By Matthew Powell, Teaching Fellow in Strategic and Air Power Studies, University of Portsmouth

    Andy.LIU/Shutterstock

    Tensions are running high in the Middle East. The murderous attack by Hamas on Israel on October 7 2023 kicked off a spiral of violence in the region. That has culminated, a year later, in Israel mounting a ground invasion of Lebanon. The invasion, which Israel says aims to confront and destroy Hezbollah, follows 12 months of tit-for-tat strikes between Israel and Iran, which have gradually escalated in intensity.

    Given that Hezbollah is closely associated and supported by Iran, there is mounting concern that this conflict could become a major flashpoint in international relations. The worry is that this war might provide the spark that causes the next global conflict.

    To understand how dangerous the situation could be, it’s worth looking at the theory of conflict escalation. In 1997, Austrian economist Friedrich Glasl published his nine-stage model of conflict escalation, which is generally accepted as the most sophisticated study of how conflicts can develop from disputes to all-out conflict (a step he gives the rather ominous name of “Together into the abyss”).

    Nine stages of confict escalation.
    Graphic by Swinnall, original from Sampi. Derived from: Konflikteskalation nach Glasl.svg, CC BY-NC

    The first level is when a conflict is readily or easily resolved, but when a resolution is not achieved, positions on either side of the argument harden and frustration begin to mount. The next step naturally occurs when conflict parties seek to make their case, hoping to gain advantage in the court of global opinion.

    Stage three of the model sees the adversaries beginning to take action. Neither side wants to yield advantage to the other, while any sense that discussion might mitigate the conflict has disappeared in mutual antagonism and mistrust. Accordingly at stage four, the conflict parties resort to an “us v them” rhetoric in an attempt to build coalitions and attract support. Stage five, described as “loss of face”, is when one or other of the antagonists feels they have become tarnished in the eyes of the community as a whole. Reputation no longer matters as much as achieving their ends. Sometimes one side or the other commits an act that it feels has isolated it, which only serves to harden it position.

    In stage six, threats or ultimatums are issued. This can lead to hostilities spiralling as the conflict parties seek credibility by putting a timescale on a threat, which in turn will heighten the pressure on both sides. This can also bind another of the warring parties to a course of action from where there is little opportunity to retreat. This facilitates the move to stage seven, where the antagonists begin to trade the first limited blows in response to the threats they have made.

    The world is watching the US election campaign unfolding. Sign up to join us at a special Conversation event on October 17. Expert panellists will discuss with the audience the upcoming election and its possible fallout.

    In stage eight, the offensive blows intensify, with the focus on trying to injure – or even destroy – the adversary’s capacity for response or call into question the legitimacy of the other side’s leader. Often this can lead to one or another of the parties fragmenting into warring factions, making the situation increasingly uncontrollable.

    As the conflict hurtles into stage nine, the threat to one or another of the parties has become existential, who are now falling “together into the abyss”. All sense of caution is abandoned as the only goal is the total annihilation of the adversary. A state of total war.

    What stage are we at?

    After years of animosity and denunciation on both sides, the conflict between Israel and Iran has now progressed to the stage that both sides have exchanged limited blows against each other. Reports have linked Iran to the planning of the Hamas attack on October 7. Tehran has recently denied having any part in the massacre. Hezbollah, which is more closely linked to the Islamic Republic, has carried out a year-long barrage of rockets from Lebanon into northern Israel. In response, Israel has now directly struck against Iran’s proxy, invading southern Lebanon to engage and attempt to destroy Hezbollah.

    Both sides clearly want to demonstrate their power and influence in the region. But the stakes could rise if Iran feels an urgent need to protect its proxies. For Israel, its leaders have long argued that its very existence is at stake.

    In terms of Glasl’s stages of escalation, the two countries appear to have reached stage seven, where they are launching limited blows against each other while avoiding direct confrontation. Both want to make their adversary consider whether the cost of continuing is worth the potential rewards that can be gained.

    Iran’s air attacks on Israel suggest that while Iran can see that its regional position is being threatened and is still seeking to support the non-state actors in Gaza and Lebanon, the way in which they have conducted their attacks suggest that Tehran does not feel itself powerful enough to escalate further than it already has.

    The only direct blows the two powers have launched against each other have been from the air. Iran has now launched two (large) barrages of rockets against Israel, one in April this year and again at the end of September. Both bombardments were announced in advance and neither has resulted in Israeli casualties.

    Israel responded in April with a targeted strike against an Iranian airbase close to one of the country’s nuclear installations. It has yet to directly respond to the latest Iranian barrage, but Netanyahu has said Israel would target Iran’s military installations “based on Israel’s national security needs”.

    Analysts believe that both sides – so far at least – are using these limited strikes to signal their unwillingness to escalate. But there is a great deal at stake. Iran will feel its position as a regional power threatened by Israel’s ground campaign in Lebanon. Meanwhile Israel has repeatedly declared that it is fighting for the security of its people. Neither appears to want a wider conflict – and their allies certainly wouldn’t encourage them if they did.

    So it’s clear that – up to now at least – neither Israel nor Iran wants to venture any further down the road to “the abyss” as envisaged by Glasl’s nine-stage model.

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

    – ref. Israel-Iran and the nine stages of how conflicts can escalate and get out of control – https://theconversation.com/israel-iran-and-the-nine-stages-of-how-conflicts-can-escalate-and-get-out-of-control-240566

    MIL OSI – Global Reports –

  • MIL-OSI Security: Defense News: Fifth U.S. Navy DDG Homeport Shifts to Rota, Spain

    Source: United States Navy

    The arrival of Oscar Austin expands U.S. Navy capabilities in the U.S. European Command (EUCOM) and U.S. Africa Command (AFRICOM) areas of responsibility. Oscar Austin is now assigned to Destroyer Squadron (DESRON) 60 / Commander, Task Force (CTF) 65 and U.S. 6th Fleet.

    “USS Oscar Austin’s arrival to Naval Station Rota strengthens our commitment to maintaining a forward presence in Europe,” said Vice Adm. J.T. Anderson, Commander, U.S. 6th Fleet. “The addition of this ship to our forces in the region provides our Allies with an added layer of security and assurance, and serves as a powerful symbol of the enduring partnership between the United States and Spain.”

    Modernized with the latest Aegis Ballistic Missile Defense (BMD) upgrade, USS Oscar Austin offers a key capability for the U.S., directly contributing to extended deterrence by providing Allies and partners protection against the threat of ballistic missile attack. The second U.S. Navy destroyer to shift its homeport to Naval Station Rota, scheduled to arrive in 2026, also has the latest Aegis BMD upgrade.

    “Arleigh Burke-class guided-missile destroyers are true multi-mission ships, capable of providing maritime security, conducting anti-air and anti-submarine warfare, and providing humanitarian assistance and disaster relief,” said Capt. Alex Mamikonian, commodore, DESRON 60 and CTF 65. “Bringing USS Oscar Austin to Spain enhances our ability to maintain ready and postured forces to assure, deter and defend in an increasingly complex security environment.”

    Oscar Austin departed Norfolk, Va. Sept. 30 to transit to Spain and assist in providing full coverage and protection for all NATO European populations, territories and forces against the increasing threats posed by the proliferation of ballistic missiles.

    The initial decision to base destroyers out of Spain is part of the U.S. European Phased Adaptive Approach announced by President Obama in 2009. Since its announcement, the U.S. has broadened its Ballistic Missile Defense (BMD) capabilities in theater including increasing FDNF-E from four to six and the finalization of the second Aegis Ashore site in Poland.

    Oscar Austin is the first Flight IIA Arleigh Burke-class guided-missile destroyer and proudly bears the name of Pfc. Oscar P. Austin, United States Marine Corps. Oscar Austin was commissioned on August 19, 2000, in Norfolk, Va. Oscar Austin is ballistic missile defense, anti-submarine, and anti-surface warfare capable. The ship can embark two MH-60R Seahawk helicopters to assist in anti-submarine and other warfare areas. Destroyers can work with Carrier Strike Groups, Surface Action Groups, Expeditionary Strike Groups or independently.

    U.S. 6th Fleet, headquartered in Naples, Italy, conducts the full spectrum of joint and naval operations, often in concert with allied and interagency partners, in order to advance U.S. national interests and security and stability in Europe and Africa.

    MIL Security OSI –

  • MIL-OSI Canada: Canadian Space Agency and Italian Space Agency advance collaboration

    Source: Government of Canada News

    Readout

    – Milan, Italy

    Following the meeting held today on the margins of the 75th International Astronautical Congress, Canadian Space Agency (CSA) President Lisa Campbell and Italian Space Agency (ASI) President Teodoro Valente issued this readout:

    Building on the Memorandum of Understanding signed by the CSA and ASI, both Agencies are advancing potential collaboration on CubeSats in the spirit of the Italy–Canada Roadmap for Enhanced Cooperation.

    The two Agencies are actively discussing opportunities to address common challenges and strengthen their partnership in line with mutual goals and interests. Specifically, the CSA and ASI intend to advance cooperation in the development of their respective CubeSat programs, including scientific and technological demonstration missions, with the objective of developing jointly the expertise required to ensure the success and prosperity of the Canadian and Italian space sectors.

    Additionally, both Agencies aim to foster advanced industrial collaboration in the space sector. The two Agencies are committed to initiating a technical dialogue in fields such as quantum technologies and cybersecurity for civil space systems. They will also collaborate within the framework of the Artemis Accords to ensure the safety and sustainability of space exploration.

    Contact information

    Canadian Space Agency
    Media Relations Office
    Telephone: 450-926-4370
    Website: http://www.asc-csa.gc.ca
    Email: asc.medias-media.csa@asc-csa.gc.ca
    Follow us on social media

    MIL OSI Canada News –

  • MIL-OSI Banking: Azure Cobalt 100-based Virtual Machines are now generally available

    Source: Microsoft

    Headline: Azure Cobalt 100-based Virtual Machines are now generally available

    We are excited to announce the general availability of the new Azure Cobalt 100 Virtual Machines (VMs). These VMs run on Microsoft’s first fully custom Arm-based Cobalt 100 CPU and represent a significant milestone in our end-to-end approach to building cloud infrastructure.

    Today we are announcing the general availability of the new Azure Cobalt 100-based Virtual Machines (VMs). These VMs run on Microsoft’s first 64-bit Arm-based Azure Cobalt 100 CPU, which has been fully designed in-house. They represent a significant milestone in our journey in designing and building out our cloud infrastructure, with optimization and customization across every layer of the infrastructure stack—from silicon, to servers, to services. Through vertical integration across hardware and software, Azure Cobalt 100-based VMs are one of Microsoft’s latest examples of innovating to enhance and optimize our cloud infrastructure with an end-to-end systems approach, to deliver the right mix of performance, power efficiency, and scale for our customers.

    The Cobalt 100-based VMs consist of our new general purpose Dpsv6-series and Dplsv6-series and our memory-optimized Epsv6-series VM series. They offer up to 50% better price performance than our previous generation Arm-based VMs, making them an attractive option for a wide range of scale-out and cloud-native Linux-based workloads, including data analytics, web and application servers, open source databases, caches, and more. 

    The new Azure Cobalt 100-based VMs deliver leading performance across various workloads compared to previous generations of Azure Arm-based VMs: up to 1.4x CPU performance, up to 1.5x performance on Java-based workloads, and up to 2x performance on web servers, .NET applications, and in-memory cache applications compared to the previous generation Azure Arm-based VMs. These VMs also support 4x local storage IOPS (with NVMe) and up to 1.5x network bandwidth compared to the previous generation Azure Arm-based VMs.

    The new VMs are broadly available in Canada Central, Central US, East US 2, East US, Germany West Central, Japan East, Mexico Central, North Europe, Southeast Asia, Sweden Central, Switzerland North, UAE North, West Europe, and West US 2. The number of regions will continue to expand in 2024 and beyond with Australia East, Brazil South, France Central, India Central, South Central US, UK South, West US 3, and West US coming soon.

    Customer adoption and scenarios

    We have been working with several internal and external customers during the preview period. For example, IC3, the platform that powers billions of customer conversations in Microsoft Teams, is serving its growing customer base more efficiently, achieving up to 45% better performance on Cobalt 100-based VMs.

    We’re also delivering Cobalt 100-based VMs to many of our independent software vendor (ISV) partners offering platform as a service (PaaS) and software as a service (SaaS) solutions on Microsoft Azure.

    “The Cobalt 100, Microsoft Azure’s new Arm-based processor, represents a huge step forward for optimizing performance and productivity. Cadence and Microsoft’s collaboration helps our mutual customers tackle the demands of giga-scale compute that advanced-node silicon design demands. The Cobalt 100 helps our thousands of electronic design automation (EDA) and systems customers meet their ever-increasing demands for throughput to speed time-to-market.” —Mahesh Turaga, Vice President (VP) of Cloud Business Development, Cadence

     “We are really excited about the new Cobalt 100 VMs. We are making them the primary platform for our Databricks SQL Serverless offering on Azure, as they offer outstanding efficiency and allow us to deliver significant price-performance improvements to our customers. Customers using our Azure Databricks classic Jobs offering will also greatly benefit from Cobalt VMs by selecting them for their Jobs cluster nodes, achieving noticeable performance improvements while keeping operating costs down.” —Michael Kiermaier, VP of Business Strategy and Operations, Databricks

    “At Elastic, we are driving innovation and cost-efficiency by enabling customers to leverage our Search AI-powered observability, security, and search solutions on Arm-based architecture. Azure Virtual Machines with Cobalt 100 Arm CPUs enables Elastic to deliver better throughput and up to 37% improved performance compared to Azure’ previous generation Arm based VMs.”  —Uri Cohen, Vice President, Product Management, Elastic

    “At Rescale, our mission is to elevate innovation by providing the best tools in high performance computing, data, and AI to organizations of every size to deliver engineering and scientific breakthroughs that enrich humanity. We have tested the Azure Cobalt 100 VMs to power our high-performance computing platform and found it to deliver about a 40% improvement in performance compared to Azure’s previous generation Arm-based VMs. We look forward to upgrading our Azure infrastructure to these new VMs and offer comparable performance improvements to our customers so they can tackle complex challenges with greater speed and efficiency.” —Adam McKenzie, Chief Technology Officer, Rescale 

    “Siemens EDA continues to expand its partnership with Microsoft to develop innovative solutions for our mutual silicon and electronic systems customers. Our collaboration around Microsoft Azure Cobalt 100 Arm-based VMs running analog, standard-cell, memory, and digital verification workloads has demonstrated compelling performance and economic benefits. The general availability of these new VMs marks an important milestone for the industry, highlighting its fast-growing reliance on continuously advancing hardware and software platforms optimized for high throughput and efficiency.” —Craig Johnson, Vice President, Siemens EDA Strategy

    “We have extensively tested Azure’s new Cobalt 100 VMs and compared them to the previous generation Arm VMs on Azure using Snowflake workloads. We’re thrilled with the significant improvements in performance. And now, we’re excited to adopt these latest Cobalt 100 VMs and share that performance improvement with our customers!” —Gabe Bryant, Senior Manager, Snowflake

    “In the face of unprecedented compute and memory demands driven by increasingly sophisticated systems, designers are leveraging the cloud to scale their computing resources. Our close collaboration with Microsoft Azure facilitates the adoption of Arm architecture-based compute resources by providing customers with industry-leading, AI-driven EDA tools enabled on the Azure cloud to help them address the escalating workload demands.” —Sanjay Bali, senior vice president of EDA strategy and product management at Synopsys

    “Templafy relies on the stability and scalability of Microsoft Azure to run our document generation platform for enterprises worldwide, and we’re excited about the new Azure Cobalt 100 VMs. After evaluation we’ve observed significant performance improvements, including approximately 25% higher throughput and 35% lower CPU usage compared to Azure’s previous generation Arm-based VMs. We look forward to harnessing these advancements to enhance our platform’s performance and deliver even better experiences for our customers when it comes to their critical business documents.”  —Marco van Kimmenade, Director of Engineering, Templafy

    Synergy with our technology partners

    We value the collaboration with our technology partners.

    “The Cobalt 100 processor is a fantastic example of how Arm-based silicon, supported by a robust software ecosystem, is addressing the growing compute complexity of modern infrastructure,” said Mohamed Awad, Senior Vice President and General Manager of Infrastructure Business, Arm. “Following years of collaboration with Microsoft to bring Arm-based VMs to market, the general availability of Cobalt 100 marks an important milestone in our partnership, and demonstrates the power, efficiency and flexibility of Arm Compute Subsystems in driving the workloads of the future.”

    The journey to Arm: Embracing innovation and customer benefits

    Microsoft has a longstanding history of contributing to Arm architecture and integrating Arm technology. This experience has enabled us to develop important industry standards that prepared the Arm architecture for datacenter-scale computing. We have also been working closely with Arm on industry initiatives such as ServerReady and SystemReady and received industry recognition for both initiatives. Our journey into Arm-based VMs is based on a vision to deliver superior price-performance and power efficiency. The Cobalt 100-based VMs embody this vision by offering these benefits. By embracing Arm-based VMs, we have been able to offer our customers a unique combination of performance and cost effectiveness.

    Developer ecosystem 

    The developer ecosystem for Arm continues to thrive and has seen tremendous progress in the last couple of years. Major developer platforms and languages such as C++, .NET, and Java provide Arm-native versions. We have invested in Arm-specific optimizations for each of these platforms and languages so we’re fully leveraging the capabilities of the Arm architecture.  

    The larger ecosystem has embraced Arm with many popular infrastructure and deployment solutions now available with native Arm support. GitHub Actions, GitHub’s continuous integration and continuous delivery (CI/CD) workflow engine, is an integral part of many developers’ workflows and used to continuously build, test, and deploy apps. This is now available for Arm in two flavors—self-hosted runners that can be hosted on an Arm VM or on local Arm hardware, and GitHub-hosted runners. 

    Containers are a popular deployment target for many reasons: a streamlined development workflow, isolation and security, efficient resource utilization, portability, and reproducibility. Microsoft Azure Kubernetes Service (AKS) now supports the creation of Arm agent nodes as well as mixing x86 and Arm architecture nodes within a cluster. 

    Specifications

    You can select from a range of Azure Virtual Machines of three memory ratios for a given vCPU size, giving you the flexibility to choose the configuration that works best for your workloads in terms of CPU performance and memory needs. All these VM series are available with and without local disks so that you can deploy the option that best fits your workload.  

    • The new Dpsv6-series and Dpdsv6-series general-purpose VMs offer up to 96 vCPUs and 384 GiB of RAM (4:1 memory-to-vCPU ratio). They are ideal for scale-out workloads, cloud-native solutions like AKS, small to medium open-source databases, application servers, and web servers. Arm developers can use these VMs in CI/CD pipelines, development, and test scenarios.
    • The new Dplsv6-series and Dpldsv6-series VMs provide up to 96 vCPUs and 192 GiB of RAM (2:1 memory-to-vCPU ratio). They are perfect for media encoding, small databases, gaming servers, microservices, and workloads that don’t need high RAM per vCPU.  
    • The new Epsv6-series and Epdsv6-series memory-optimized VMs offer up to 96 vCPUs and 672 GiB of RAM (up to 8:1 memory-to-vCPU ratio). These VMs are designed for memory-intensive workloads such as large databases, in-memory caching applications, and data analytics.

    The new virtual machines support all remote disk types such as Standard SSD, Standard HDD, Premium SSD and Ultra Disk storage. To learn more about various disk types and their regional availability, please refer to Azure managed disk type. Disk storage is billed separately from virtual machines. You can deploy these new VMs using existing methods including the Azure portal, SDKs, APIs, PowerShell, and the command-line interface (CLI). 

    You can learn more about the new Azure Cobalt 100-based VMs by visiting the specification pages: Dpsv6-series, Dpdsv6-series, Dplsv6-series, Dpldsv6-series, Epsv6-series, Epdsv6-series.   

    Pricing 

    To learn more about the pricing of Azure Cobalt 100-based VMs, please visit the Azure Virtual Machines pricing and Pricing calculator pages. 

    You can also take advantage of Reserved Instances, Azure savings plan for compute, and Spot Virtual Machines to lower your costs. Reserved VM Instances can reduce costs and improve your budget forecasting through upfront one-year or three-year commitments. For a limited time, you can save up to 15% more when you purchase one-year Azure Reserved Virtual Machine (VM) Instances for select Linux VMs. This offer is available between from October 1, 2024 to March 31, 2025. See here for more details. The Azure savings plan for compute gives you the flexibility to save across multiple Azure services, including Azure VMs. Spot Virtual Machines can significantly reduce the cost of running in Azure and further optimize your cloud spend for workloads that can tolerate interruptions and have flexible execution time.

    A new era of price performance and power efficiency

    The general availability of Azure Cobalt 100-based VMs marks the beginning of a new era in Azure’s infrastructure. With our custom silicon program, we are delivering exceptional price performance and power efficiency to our customers. We are excited to see the impact of these innovations on our customers’ businesses and we look forward to bringing even better solutions to our customers in the future.

    Thank you for joining us on this exciting journey.

    For questions, please go to Azure Support and our experts will be there to help you. 

    Additional resources 

    MIL OSI Global Banks –

  • MIL-OSI Canada: Joint statement on establishing Multilateral Sanctions Monitoring Team for implementation of UN Security Council resolutions on Democratic People’s Republic of Korea

    Source: Government of Canada News

    We, the participating states of the Multilateral Sanctions Monitoring Team (MSMT), are aligned in our commitment to upholding international peace and security, safeguarding the global non-proliferation regime and addressing the threat arising from the Democratic People’s Republic of Korea’s (DPRK’s) weapons of mass destruction and ballistic missile programs, which are in violation of UN Security Council resolutions (UNSCRs).

    October 16, 2024- Ottawa, Ontario – Global Affairs Canada

    “We, the participating states of the Multilateral Sanctions Monitoring Team (MSMT), are aligned in our commitment to upholding international peace and security, safeguarding the global non-proliferation regime and addressing the threat arising from the Democratic People’s Republic of Korea’s (DPRK’s) weapons of mass destruction and ballistic missile programs, which are in violation of UN Security Council resolutions (UNSCRs).

    “In light of the veto which disbanded the UN Security Council’s 1718 Committee Panel of Experts this year, we hereby express our intention to establish the MSMT, a multilateral mechanism to monitor and report violations and evasions of the sanction measures stipulated in the relevant UNSCRs. The goal of the new mechanism is to assist in the full implementation of UN sanctions on the DPRK by publishing information based on rigorous inquiry into sanctions violations and evasion attempts.

    “We underscore our shared determination to fully implement relevant UNSCRs regarding the DPRK; reaffirm that the path to dialogue remains open; and call on all states to join global efforts to maintain international peace and security in the face of the ongoing threats from the DPRK.”

    Signed: Australia, Canada, France, Germany, Italy, Japan, Netherlands, New Zealand, Republic of Korea, U.K, and U.S.

    MIL OSI Canada News –

  • MIL-OSI United Kingdom: School-based nurseries plan kicks off with £15 million funding

    Source: United Kingdom – Executive Government & Departments

    First round of funding launches for up to 300 school-based nurseries – part of government’s Opportunity Mission to give every child the best start in life

    Thousands of families are one step closer to accessible, affordable and high-quality early years provision in their local area, as the first stage of the government’s plan to deliver 3,000 school-based nurseries begins today (17 October).

    Primary schools can now apply for up to £150,000 of £15 million capital funding, with the first stage of the plan set to support up to 300 new or expanded nurseries across England.

    This comes as 321,462 additional children are now accessing 15 hours of government-funded early education per week, since the government delivered on the promises made to parents for the second phase of the childcare rollout last month.

    The work forms part of the government’s Opportunity Mission, which will break the unfair link between background and opportunity – starting with giving every child the best start in life and resetting the relationship with the early years sector to boost life chances for children and work choices for parents.

    The delivery of this phase has been in no small part due to the brilliant joined-up efforts of local authorities and providers. The Secretary of State has promised a new era of child-centred government and will work alongside the sector to deliver meaningful long-term reform of early years, whilst building the places and workforce that are required for the next more challenging phase.

    Importantly, this will be done in a way that makes the hours accessible and affordable for all families that need them. That’s why the government is taking action to tackle reported instances of parents facing very high additional charges on top of the funded entitlement hours. 

    These could include mandatory extra charges for nappies, lunch or other ‘consumables’ – and should not be made a condition of accessing a funded place.

    In the coming months, the government will be engaging with local authorities and providers to clarify our statutory guidance on charging, including on so-called ‘top up fees’ and consider how we better support local authorities to protect parents from overcharging.

    Education Secretary Bridget Phillipson said:

    All children should have the opportunity of a brilliant early education, no matter who they are, where they’re from or how much their parents earn.

    Our new school-based nurseries will provide thousands of additional places where they are needed most, plugging historic gaps and making sure geography is no barrier to high quality childcare.

    Whilst some parents may not get their first-choice place next September, I’m determined that every parent is able to access and afford the hours that they are entitled to.

    According to the Department for Education’s latest projections, around 70,000 additional places and 35,000 early years educators will still be needed to deliver the expansion to 30 hours next September, with some of the most disadvantaged areas in need of the largest uplifts.

    Published for the first time, the projections show that around half of local areas need to increase their capacity by between 10% and 20% to meet demand for September. Some need an uplift of more than 20% – with areas that see traditionally lower household incomes including Northumberland, Plymouth and Rotherham all in this group.

    That’s why the government is taking action now, and providing schools, private providers and local authorities a clear picture of the department’s understanding of demand, and where there are gaps in supply.

    Providers and schools are urged to consider the latest data in their bids for the school-based nurseries programme, and work closely with local authorities to outline how proposals will respond to local need and subsequently contribute to the government’s plan for an early years system that breaks down barriers to opportunity for children across the country.

    While all parts of the sector are valuable to delivering the quality care that our children need, schools are at the heart of our communities. Proportionally, school-based nurseries currently look after more children with special educational needs and offer a higher number of places in the most deprived areas.

    School-based nurseries currently have lower turnover and the option to use some staff more flexibly between reception and early primary, and the government is working with the early years sector through our expanded recruitment campaign to attract more people to a career in early years.

    To make sure the programme is delivered in a way that continues to support or most vulnerable children and builds on the important offers of the existing market, the school-based nursery funding will be available to projects that are school-run or delivered by private and voluntary providers or childminders.

    So that the government can ensure new provision is in the right places and meets the needs of parents, children and schools, schools who are interested in expanding but are not currently ready to apply will be able to register an interest for future phases of the programme.

    We expect funding to be allocated to successful schools in Spring 2025 to support delivery for the first cohort of places for the September rollout.

    Paul Whiteman, general secretary of the school leader’ union, NAHT said:

    School-based nurseries play a vital role in the early years sector. It makes sense that where there is spare capacity in schools and demand in the local area, that the government looks to expand school-based provision.

    It will be important that interested schools are well supported through this process, both practically and financially, and that the government continues to focus on building a strong and sustainable early years workforce.

    We would encourage schools that are ready to expand or open a nursery to apply for this grant, and for those who may be interested in future to register their interest with the DfE.

    Justine Roberts, Chief Executive Officer, Mumsnet said:

    Accessible, affordable childcare is vital economic infrastructure, enabling women who would otherwise have been forced out of the workforce to choose to stay in work, and benefitting not just them and their families but also the wider economy. 

    The increase in the funded entitlement hours is welcome recognition of this fact, but we still hear all too often from parents on Mumsnet who struggle with top up costs or face shortages of childcare places in their area. 

    These measures will help ensure that all families can access the childcare they need when and where they need it.

    Updates to this page

    Published 17 October 2024

    MIL OSI United Kingdom –

  • MIL-Evening Report: Why do humans have near-equal numbers of male and female babies, unlike many other animals? A new genetic study looks for clues

    Source: The Conversation (Au and NZ) – By Jenny Graves, Distinguished Professor of Genetics and Vice Chancellor’s Fellow, La Trobe University

    Ibragimova / Shutterstock

    We know that boys and girls are produced in much the same frequency. But how – and why – is this 1:1 ratio achieved?

    A new paper searches huge human data sets for gene variants that throw the 1:1 sex ratio off balance, and test the biological and theoretical rules of sex ratio.

    What produces the 1:1 sex ratio?

    Early scientists credited divine providence with ensuring that “every male should have its female”.

    Of course, we now know that sex chromosomes are the real determiners of sex. Females have two X chromosomes; males have a single X and a male-specific Y.

    The Y carries a male-determining gene called SRY, which kickstarts the differentiation of a ridge of cells into a testis. The embryonic testis makes male hormones which direct the embryo to develop as a boy. Without SRY, an alternative pathway is activated that makes an ovary, and the embryo develops as a girl.

    The 1:1 ratio results from the way the X and Y chromosomes are doled out in sperm and eggs. Our cells all have two sets of chromosomes that constitute our genome, one set from each parent. A special type of cell division makes sperm and eggs with just a single set of chromosomes, so that a fertilised egg once again has two sets (one set from the sperm and the other from the egg).

    So sperm all get a single copy of each chromosome – and just one sex chromosome, either an X or a Y. XX females make eggs with a single chromosome set, all of which carry an X.

    When a sperm fertilises an egg, the sex chromosome the sperm carries determines the sex of the baby. Embryos that receive one X from the mother and another X from the father are destined to be XX girls, and embryos that receive a Y-bearing sperm will develop as XY boys.

    So the 1:1 XY ratio in sperm should produce a 1:1 ratio of XX girls and XY boys.

    Sex ratio variation

    But there are lots of exceptions to a 1:1 ratio in the animal kingdom. There are genetic mutations that subvert the orderly segregation of the X and Y, or that preferentially kill male or female embryos.

    Why should the sex ratio be stuck at 1:1 anyway? After all, a few males can fertilise the eggs of many females.

    Indeed, for many animals, unequal sex ratios are the norm. For instance, the mouse-sized marsupial Antechinus stuartii produces only 32% males, even when assessed at birth (so it’s not that male babies die more often).

    Many birds have sex ratios far from 1:1, and some show very specific adaptations that make ecological sense. For instance, the second kookaburra chick to hatch, facing a lower chance of survival, is usually a female, the sex most likely to survive.

    And there are systems of non-standard sex chromosomes. Polar mammals and strange rodents, for instance, are famous for systems in which a mutant X chromosome quashes SRY to form fertile XY females, or a mutated version of SRY doesn’t work. In these species, females predominate, which makes sense for mammals that have to get all their breeding done in a short summer.

    Insects take the cake. An extreme case is a kind of mite that produces a ratio of 15 females to 1 male. In many fruit fly species, 95% of sperm carry the X chromosome, so the progeny are largely female.

    Why a 1:1 sex ratio in humans? Fisher’s principle

    So if sex ratio is so malleable, why have humans (and most mammals) gone for a 1:1 ratio? The great British statistician Ronald Fisher proposed that the ratio is self-correcting and will tend to 1:1 unless there are evolutionary forces that select for distortions.

    The argument is simple. Given every baby must have a mother and a father, if there is a deficiency in one sex, the parents of the rarer sex will have more grandchildren than parents of the more common sex.

    For instance, if males are the rarer sex, parents who by chance produce more sons than daughters will leave more grandchildren than those that produce more daughters than sons. As a result, son-producing genes will get a boost until parity is reached.

    So do we see measurable and heritable departures from 1:1 in the family sex ratio of human sons to daughters? What about Fisher’s principle – is there any evidence that strong evolutionary effects are constraining the human population sex ratio to be 1:1?

    In the new research published this week, researchers Siliang Song and Jianzhi Zhang from the University of Michigan conducted an exhaustive examination of huge human data sets from the United Kingdom and found the answer is an emphatic no. They did identify two genetic variants that affected sex ratio, but these seemed not to be passed on through families.

    So why do humans obey the 1:1 rule? Is it just statistical artefact, because any one family has relatively so few children that even large departures from a 1:1 ratio get evened out across many families?

    Some families have the gene variants to produce more sons than daughters, but other families produce more daughters than sons. Song and Zhang’s analysis suggests this high variability is part of the problem for demonstrating any systematic bias.

    Another possibility is that humans face special evolutionary constraints. Perhaps the human tendency for monogamy places additional evolutionary pressure on humans to adhere to Fisher’s principle in a way that does not apply to other animal species.

    Whatever the answer, this paper by Song and Zhang raises many intriguing questions, and will be a stimulus to further research on the longstanding and fascinating question of parity in the human sex ratio.

    Jenny Graves receives funding from the Australian Research Council.

    Arthur Georges receives funding from the Australian Research Council.

    – ref. Why do humans have near-equal numbers of male and female babies, unlike many other animals? A new genetic study looks for clues – https://theconversation.com/why-do-humans-have-near-equal-numbers-of-male-and-female-babies-unlike-many-other-animals-a-new-genetic-study-looks-for-clues-241360

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Victorian students will get ‘anti-Tate’ lessons – but much more is needed to tackle gendered violence in schools

    Source: The Conversation (Au and NZ) – By Stephanie Wescott, Lecturer in Humanities and Social Sciences, Monash University

    Monkey Business Images/ Shutterstock

    The Victorian government has announced new teaching resources to tackle the influence of “manosphere” figures, such as Andrew Tate, in the state’s schools.

    This follows ongoing reports of disturbing events involving sexist abuse by students in both independent and government schools in Victoria and around the country.

    But while this week’s announcement is a welcome and necessary step, we need a more comprehensive plan to eliminate gender-based violence in our schools.

    What is the ‘manosphere’?

    The “manosphere” is an overlapping collection of extreme men’s communities on social media that are anti-women and against women’s empowerment. This includes Tate, the “misogynist influencer” who is facing trial in Romania on charges of human trafficking and rape (which he denies).

    Our recent research found women teachers are increasingly exposed to sexism, misogyny and sexual harassment as the result of boys’ exposure to “manfluencer” ideas and behaviours. These problems are further compounded by the infiltration of far-right sentiments into schools, which has been linked to far-right online forums.

    At the same time, women teachers report they are not being supported by school leadership.



    Read more:
    We research online ‘misogynist radicalisation’. Here’s what parents of boys should know

    What’s in the Victorian resources?

    The new teaching resources were developed by education academics Helen Cahill and Debbie Ollis, in consultation with teachers, students and parents.

    They aim to give students skills to counter the influence of “Tate-types”, and to navigate issues such as consent, sextortion, pornography and gender-based bullying.

    They will be part of respectful relationships education, which is mandatory in Victorian government schools (following a recommendation of the 2015 Royal Commission into Family Violence).

    Problems with respecful relationship education

    There have been implementation issues with respectful relationships education.

    A 2022 review (of which one of us, Naomi Pfitzner, was an author) found problems with the funding, quality of resources and training supplied to schools, and with schools’ levels of commitment

    Previous research also suggests teachers may be hesitant to engage with controversial or tricky topics. There is a risk some issues are being left out of classroom discussions.

    Crucially, respectful relationships is not mandatory in all Victorian schools — independent and faith-based schools in Victoria need to opt in.

    In other Australian states and territories, respectful relationships education is not compulsory in any school system.

    We need more information

    Education departments around the country collect various forms of data about school life, such as learning and attendance. But we don’t have accurate national data on the prevalence of gender-based violence in schools.

    Without the full picture of how widespread gender-based violence is in Australian schools, it is difficult to resource and design an appropriate response.

    Gender-based violence in schools is inextricably connected to the endemic levels of violence against women in Australia.

    We cannot separate a broader culture that enables gendered slurs, misogyny and gender inequity — known enablers of gender-based violence — from attitudes towards women and girls in schools.

    We need more information about the experiences of female students and staff in Australian schools.
    Monkey Business Images/ Shutterstock

    What now?

    Women have been raising the alarm about sexual harassment of female teachers for decades. But on top of already slow or inadequate responses, the problem has become more complex.

    The proliferation of online misogynist content requires a new, tailored approach.

    Our current project with Australia’s National Research Organisation for Women’s Safety is examining how online misogyny in the manosphere influences young boys and men in Australia. We will then create resources to support teachers and help make schools safer for all young people.

    It is shameful many girls’ first experience of gendered violence happens as students at school. And teachers deserve a safe workplace free from misogyny and sexism.

    Stephanie Wescott receives funding from Australia’s National Research Organisation for Women’s Safety (ANROWS).

    Alexandra Phelan receives funding from Australia’s National Research Organisation for Women’s Safety (ANROWS).

    Naomi Pfitzner has received funding from the Australia’s National Research Organisation for Women’s Safety, the Victorian and Queensland governments and the Australian government. She was an author of the review into Respectful Relationships Education in Australia mentioned in this article.

    Sarah McCook receives funding from Australia’s National Research Organisation for Women’s Safety (ANROWS).

    Steven Roberts receives funding from Australia’s National Research Organisation for Women’s Safety (ANROWS), the Australian government and the Australian Research Council. He is a Board Director at Respect Victoria, but this article is written wholly independently from that role.

    – ref. Victorian students will get ‘anti-Tate’ lessons – but much more is needed to tackle gendered violence in schools – https://theconversation.com/victorian-students-will-get-anti-tate-lessons-but-much-more-is-needed-to-tackle-gendered-violence-in-schools-241473

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: Peng Liyuan extends congratulations to UNESCO award ceremony for girls’, women’s education

    Source: China State Council Information Office

    Peng Liyuan, wife of Chinese President Xi Jinping and UNESCO special envoy for the advancement of girls’ and women’s education, sent a congratulatory message to the 2024 United Nations Educational, Scientific and Cultural Organization (UNESCO) Prize for Girls’ and Women’s Education award ceremony held on Wednesday in Paris, France.

    In her message, Peng paid high tribute and extended best wishes to the award-winning organizations from Uganda and Zambia, saying that girls’ and women’s education has a bearing on their growth and development, the well-being of numerous families and the world’s future.

    She expressed the hope for every quarter to strongly support health education and digital education among girls and women, develop and gear science education more toward them, and help them attain better health conditions, digital skills and scientific literacy, particularly the competence to innovate and start up business, so as to contribute to advancing women’s education and development in the new era.

    Peng said that China has always attached great importance to the cause of girls’ and women’s education, actively pushing forward the global cause of women’s education while continuously improving the educational environment for women in China.

    Peng said that as a UNESCO special envoy for the advancement of girls’ and women’s education, she is ready to work with every party in pooling efforts to achieve gender equality and advance the global women’s cause.

    The UNESCO Prize for Girls’ and Women’s Education, established by China in cooperation with UNESCO, is the organization’s only prize for promoting girls’ and women’s education. It plays a vital role in publicizing the concept of gender equality in education and related good practices and in implementing gender equality as a global priority.

    MIL OSI China News –

  • MIL-OSI Banking: World’s Largest Debt Conversion for Conservation of a River and its Watershed Completed in El Salvador

    Source: CAF Development Bank of Latin America

    All savings generated by the transaction will be applied over time to support conservation, water security, and ecosystem restoration in the Lempa River (Rio Lempa) watershed. JPMorgan Chase Bank, N.A. acted as sole arranger and lender for the loan and J.P. Morgan Securities LLC acted as dealer manager in the tender offer for El Salvador’s bonds.

    DFC, the U.S. Government’s international development bank, is providing $1 billion in political risk insurance (PRI) while CAF is providing a $200 million standby letter of credit (SBLC). The combination of the DFC PRI and the CAF SBLC will provide integral credit enhancements that support the transaction, which in turn catalyzes the additional investment in El Salvador’s conservation and ecosystem restoration efforts in the Rio Lempa watershed. ArtCap Strategies acted as financial advisor and global coordinator for the transaction.

    The Rio Lempa watershed is one of the longest rivers in Central America and plays an important role in the well-being of cities, communities and the economy in El Salvador by providing drinking water, as well as supporting industry and hydropower generation, and irrigation. It also supports diverse ecosystems that represent a large portion of the country’s environmental heritage. Projects funded by the savings from the transaction are expected to enhance water quality, quantity, and reliability; strengthen climate resilience; protect the watershed’s natural ecosystem; and mitigate water security risk in the region.

    Through this transaction, the Government of El Salvador will realize more than $352 million in lifetime savings through a combination of immediate notional debt savings and material reductions in debt service costs. $350 million of these savings will be applied to the Rio Lempa Conservation and Restoration Program (the “Program”) over the next 20 years in support of the country’s commitment to watershed conservation in the Rio Lempa basin. Specifically, $200 million, or an average of $9.75 million annually over 20 years, will fund the Program directly, while $150 million, or approximately $7 million per year, will fund an endowment. The funds in the endowment will be invested and are intended to become a source of ongoing funding for the Program beyond 2044. This $350 million allocation represents the largest funding commitment a country has ever made for conservation in a debt conversion transaction.

    CRS and FIAES will jointly manage the Program and will collaborate with key government water and environmental agencies to enhance water security and watershed health, promote biodiversity, stimulate economic development through regenerative agriculture, and strengthen planning and management capacities in the Rio Lempa watershed. The Program will make grants to non-governmental organizations operating in El Salvador in support of these goals, with initial grants set to disburse in 2025.The Program will be governed by a seven-member Board of Directors that includes one representative from the Government of El Salvador, one representative from the U.S. Agency for International Development (USAID), and five non-governmental representatives.

    In addition, the Government of El Salvador has committed to: (i) establish a zonal organization to oversee conservation and restoration of the Rio Lempa watershed; (ii) approve a National Integrated Water Resources Plan; (iii) establish a water resources data monitoring system for the Rio Lempa watershed; (iv) develop protocols for issuing water use permits; (v) establish a public feedback and complaint mechanism for violations of the National Water Resources Law and Environmental Law; (vi) contribute to the decision-making process by developing standards for calculating costs related to drinking water and sanitation services; and (vii) declare 75,000 hectares of protected aquifer recharge zones throughout the watershed by 2044.

    White & Case LLP acted as legal adviser to the Republic.

    “This debt conversion represents the most ambitious and impactful environmental action in El Salvador’s history. It not only reaffirms this government’s commitment to economic growth, it also enables us to achieve this growth while preserving one of our most precious natural resources: the Lempa River watershed. With support from international parties, we are executing the largest debt conversion transaction of its kind to date. This debt conversion project promotes sustainable development for our communities, strengthens our water security, and protects our ecosystems to secure the well-being of this generation and those to come. With this debt conversion, we aim to transform the environmental and economic future of El Salvador,” said Nayib Bukele, President of El Salvador.

    “Since its inception, DFC has been a pioneer in the field of debt conversions. Today’s announcement presents the world’s first-ever debt conversion for watershed conservation and water security. This transaction will protect critical resources while helping unburden the Salvadoran economy and promoting the growth of a vibrant private sector that will create more opportunities for Salvadoreans to find employment in their communities. DFC is committed to continuing to leverage our unique financial tools in innovative ways in pursuit of our developmental priorities around the world,” said DFC CEO Scott Nathan. 

    “At CAF, we are committed to becoming the green bank of Latin America and the Caribbean. Therefore, we are investing $25 billion by 2026 to finance environmental, climate change, and biodiversity initiatives, such as the one we are announcing today in partnership with the Government of El Salvador, DFC, CRS, and FIAES. This historic financing demonstrates that, through joint efforts, we can advance innovative financial mechanisms that accelerate sustainable development,” said Sergio Díaz-Granados, Executive President of CAF. 

    “CRS is excited to be part of this transformative program in El Salvador, which sets a new standard for the scale and long-term funding needed to restore and protect critical water resources for current and future generations. This program came together because of bold leadership and collective action by a dynamic and diverse team,” said Carla Fajardo, Regional Director for Latin America and the Caribbean, Catholic Relief Services.

    “FIAES is pleased to participate in the Rio Lempa Conservation and Restoration Program, acting as a strategic partner of the Government of El Salvador and the Government of the United States of America, as a fund administrator and program co-manager. The Río Lempa watershed is a valuable natural resource for our country since it covers 49 percent of the territory and supplies 68 percent of the national water needs; therefore, its preservation is essential to guarantee the sustainability of its ecosystem services”, said Jorge Oviedo, Executive Director of FIAES. 

    “ArtCap is proud to have spearheaded the coordination of this landmark transaction, uniting public and private stakeholders to help develop a comprehensive financial and conservation strategy. This program will deliver an important source of long-term funding for projects focused on the Rio Lempa watershed.  By acting as a private sector catalyst, ArtCap was able to set a new precedent for collaboration among public and private stakeholders that helped to achieve a program with an impressive scale. We hope the success of this transaction will encourage further innovation in conservation finance,” said Antonio Navarro, Managing Partner, ArtCap Strategies. 

    About DFC:

    The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.

    About CAF:

    CAF – Development Bank of Latin American and Caribbean – has the mission to promote sustainable development and regional integration by financing public and private sector projects, providing technical cooperation, and offering other specialized services. Established in 1970 and currently composed of 21 countries – 19 from Latin America and the Caribbean, along with Spain and Portugal – and 13 private banks, it is one of the main sources of multilateral financing and a significant knowledge generator for the region. 

     

    About Catholic Relief Services:

     Catholic Relief Services is the official international humanitarian agency of the Catholic community in the United States. The agency alleviates suffering and provides assistance to people in need in more than 100 countries, without regard to race, religion or nationality. CRS works at the nexus of sustainable agriculture, watershed management, and water supply to support governments, partners, communities, and all stakeholders to provide truly sustainable solutions that increase crop production, improve water for human health, and mitigate climate change. CRS has worked in El Salvador for over 50 years, supporting a network of local partners.

     

    About FIAES:

     FIAES was launched in 1993 as a Conservation Trust Fund as a result of a debt-for-nature swap between the Government of the United States of America and the Government of El Salvador to support the restoration and conservation of natural resources in El Salvador. FIAES manages multiple funds including several debt-for-nature swaps, environmental compensation funds from the Government of El Salvador, and several conservation grants from international organizations. Over the past 31 years, FIAES has invested more than $90 million in conservation and restoration of coastal marine and terrestrial ecosystems.

     

    About ArtCap Strategies:

    ArtCap Strategies is a private credit fund and a leading financial advisory firm specializing in innovative, sustainable financing solutions for public and private sector clients (among other strategies). With a focus on structuring and investing in deals that address global challenges such as climate resilience, water security, and sustainable development, ArtCap works closely with governments, multilateral institutions, and private investors to create impactful financial strategies. ArtCap’s expertise lies in coordinating complex transactions that not only generate economic value, but also drive environmental and social progress, setting new standards in responsible finance.  

    This announcement may contain forward-looking statements. Forward-looking statements are statements that are not historical facts. These statements are based on El Salvador’s current plans, estimates, assumptions, and projections. Therefore, you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and El Salvador undertakes no obligation to update them in light of new information or future events. This announcement is not an offer to purchase or the solicitation of an offer to sell any securities. This announcement is not for release, publication or distribution in or into, or to any person located or resident in, any jurisdiction where it is unlawful to release, publish or distribute such announcement.

    MIL OSI Global Banks –

  • MIL-OSI China: Chinese agricultural scientists win FAO Achievement Award

    Source: China State Council Information Office

    Qu Dongyu (R), director-general of the Food and Agriculture Organization of the United Nations (FAO), presents the FAO Achievement Award to the Institute of Plant Protection of the Chinese Academy of Agricultural Sciences (IPPCAAS) at a ceremony to mark the World Food Day in Rome, Italy, on Oct. 16, 2024. [Photo/Xinhua]

    The Institute of Plant Protection of the Chinese Academy of Agricultural Sciences (IPPCAAS) was awarded the Food and Agriculture Organization of the United Nations (FAO) Achievement Award Wednesday at a ceremony held by the FAO to mark the 44th World Food Day in Rome, Italy.

    FAO Director-General Qu Dongyu presented the prestigious FAO Achievement Award to the IPPCAAS and described their groundbreaking work in combating the Fall Armyworm as having a profound impact in China, across Asia, and globally, making significant strides in protecting crops and securing food supplies.

    This year’s World Food Day, with the theme “Right to foods for a better life and a better future,” aims to raise global awareness about the right to foods and advocates for transforming agrifood systems to support peaceful, resilient, and inclusive livelihoods for all.

    According to the FAO, around 730 million people are currently facing hunger, and over 2.8 billion people cannot afford a healthy diet. This means that even if their calorie intake is sufficient, they may not be receiving the necessary nutrients and dietary diversity to maintain good health.

    In his address, Qu called for renewed “commitment to building more efficient, inclusive, resilient, and sustainable agrifood systems that can nourish the world,” saying, “There is no time to lose; we must take immediate action.”

    In a video message, UN Secretary-General Antonio Guterres said that a zero-hunger world was possible, but “food systems need a massive transformation,” to become more efficient, inclusive, resilient and sustainable.

    As part of the World Food Day celebrations, a World Food Forum event is being held at FAO headquarters from Oct. 14 to 18.

    The FAO Award for Achievement is awarded every two years to honor an entity or individual for outstanding technical cooperation or humanitarian work in the fields of sustainable agriculture, rural development, or food security at the country level.

    MIL OSI China News –

  • MIL-OSI China: EU nations in UNIFIL agree to exert ‘utmost’ pressure on Israel

    Source: China State Council Information Office

    This photo shows the United Nations Interim Force in Lebanon (UNIFIL) during their patrol in Marjeyoun, Lebanon, on May 26, 2024. [Photo/Xinhua]

    Sixteen countries of the European Union (EU) contributing troops to the United Nations Interim Force in Lebanon (UNIFIL) have agreed to increase political and diplomatic pressure on Israel to avoid further incidents involving the mission.

    This decision was reached after a videoconference led by Italy’s Defense Minister Guido Crosetto and French counterpart Sebastien Lecornu on Wednesday, amidst escalating clashes between the Israeli Defense Force (IDF) and Hezbollah in southern Lebanon.

    The videoconference involved key EU nations, including Ireland, Germany, Spain, Austria, and Greece, among others.

    These countries collectively condemned attacks on UNIFIL bases, which have endangered the safety of the mission’s over 10,000 personnel coming from 48 countries, and urged Israel to take preventive measures to ensure no more such incidents occur.

    The Italian defense ministry said in a statement that a key conclusion of the meeting was “the shared will to exert utmost political and diplomatic pressure on Israel, so that no further incidents occur.” Meanwhile, the statement also stressed that Hezbollah cannot use UNIFIL personnel as a shield in the context of the conflict.

    The call followed a series of IDF strikes on UNIFIL positions in southern Lebanon since Oct. 9, which resulted in injuries to several peacekeepers.

    Although Israel had asked UNIFIL to withdraw its troops within 5 km of the Israeli-Lebanese border, which would mean leaving all UNIFIL positions in south Lebanon, all countries contributing to the mission declined.

    On Wednesday, the EU countries reiterated their commitment to maintaining a stable UNIFIL presence in the region and asserted that any changes to the mission’s future should be decided collectively by the UN.

    MIL OSI China News –

  • MIL-OSI: Shining at the Paris Motor Show丨SEVB’s Core products open a new chapter of globalization

    Source: GlobeNewswire (MIL-OSI)

    PARIS, Oct. 16, 2024 (GLOBE NEWSWIRE) — From October 14 to October 21, Sunwoda Mobility Energy Technology Co., Ltd. (hereinafter referred to as “SEVB”), a leading Chinese power battery provider, made a significant appearance at the Paris Motor Show, showcasing its core products. Concurrently, the company held a groundbreaking ceremony at its manufacturing base in Nyíregyháza, Hungary, marking a significant milestone in its global expansion.

    SEVB Chairman Mingwang Wang stated, “Our participation in the Paris Motor Show showcases the company’s five core strengths: leading technology, superb intelligent manufacturing, ultra-high quality, reliable delivery, and extensive service experience for major customers. SEVB will leverage nearly 30 years of lithium battery expertise and the local service advantages of our Hungarian base to continue providing first-class solutions for our European customers.”

    SEVB presented a range of products at this year’s Paris Motor Show, including its HEV batteries, PHEV batteries, the globally launched 6C Super-fast Charging Battery 3.0, as well as cutting-edge solid-state and sodium-ion batteries.

    Among these, the Dacia Spring model, powered by SEVB’s HEV battery, was previously awarded the title of “Best-Selling Electric Vehicle in Italy” and ranked second in electric vehicle sales in France. The 6C Super-fast Charging Battery 3.0, making its global debut, can charge to 80% SoC in just 10 minutes, significantly easing charging anxiety. The PHEV batteries, known for its practicality and environmental benefits, holds strong value in Europe, where usage of electric vehicles has slowed, and environmental standards are high.

    To align our global strategy with “REGULATION (EU) 2023/1542”, SEVB is, firstly, strengthening its supply chain management system and enhancing carbon emission controls. Secondly, promoting the implementation of a “China Battery Passport,” aligning domestic battery systems with international standards. Thirdly, expanding into battery recycling.

    To date, SEVB has established 12 manufacturing bases worldwide. The company has reached Benchmark’s top tier EV battery cell manufacturer status and was recognized as a “Greater Bay Area New Energy Innovation Enterprise” by KPMG. According to SNE Research, from 2021 to 2023, SEVB ranked first in China for HEV battery installations, and in H1 2024, it entered the global top ten for power battery installations.

    In the future, SEVB will continue to base itself in China and look to the world, promoting the globalization of its power battery and energy storage battery solutions to empower customers with world-class products and services.

    Photo: https://www.globenewswire.com/NewsRoom/AttachmentNg/bc4cb4bb-af82-4156-be23-22ccbd72bd46

    The MIL Network –

  • MIL-Evening Report: Death of an idol: response to Liam Payne’s death highlights the power of childhood and music

    Source: The Conversation (Au and NZ) – By Liz Giuffre, Senior Lecturer in Communication, University of Technology Sydney

    Former One Direction band member and solo artist Liam Payne has been found dead outside a hotel in Buenos Aires, media reports have confirmed. Payne was just 31 years old – a loved friend and father.

    Alongside his former One Direction band mates Niall Horan, Harry Styles, Louis Tomlinson and Zayn Malik, Payne had a huge influence on popular culture in his home country of the United Kingdom and internationally.

    The group formed in 2010 on the British talent show X Factor and stayed together for about five years before officially splitting in 2016. Throughout this time, Payne remained a valuable member of the band and a clear talent in his own right.

    Although each member auditioned seperately, they were eventually hand-picked by Simon Cowell to form a group.

    After the split (and a brief hiatus from music-making), Payne continued to release music periodically as both a songwriter and collaborator. He most recently released the single Teardrops in March, ahead of an anticipated second solo album.

    News of Payne’s death has led to an outpouring of tributes. Like many young people thrust into stardom seemingly overnight, his life wasn’t without controversy. But the response to his death by fans and industry colleagues alike is proof of the impact he had.

    The making of a pop supergroup

    While One Direction may have not been together for as long as other globally successful acts, their influence far exceeded bands that have been together for decades. They released five studio records – and broke many more, including six Guinness World Records. And even though they didn’t make it to their 10th anniversary together, they had still sold some 70 million records by 2020.

    In the years since the split, fans continued to gather, listen and celebrate – with the most recent anniversary (14 years) seeing fan-led events held in Australia and the rest of the world.

    It’s easy to dismiss pop music and its influence, especially in the face of what feel like increasingly dire global circumstances. But pop, like many other forms of entertainment, provides a practical way for people to gain momentary pleasure and comfort.

    It also provides connection with others – and relief from politics and other daily pressures. For example, one of One Direction’s biggest hits, That’s What Makes You Beautiful, sought to empower young people who might otherwise be overwhelmed by negative messaging.

    Within a year of their debut, the group was met with massive crowds of fans almost everywhere they want.

    One Direction has been compared to The Beatles in terms of their influence on young people – and female and queer fans in particular.

    The impact on fans when their idol dies

    The loss of life, especially a young person’s life, is always a tragedy.

    For some young fans, this might be the first person they “know” who has died. While it may not be the same as losing a family member or close friend, the feeling of loss is significant. Young fans will need support. And in 2024, many will find this support through social platforms and online forums.

    I still remember the impact the deaths of stars such as Kurt Cobain and Jeff Buckley had on people like me who were teenagers in the 1990s. These were artists I admired and listened to – and whose art I relied on during times of pleasure and pain.

    A similar pang was felt when artists such as George Michael, Aretha Franklin and David Bowie died, albeit later in my life and theirs.

    The experience of losing a music idol is in many ways a universal one. People whose art we attach to our own life experiences become inseparable from our lives. And when they die, it can feel like those experiences are over too.

    After news of Payne’s death broke, hundreds of fans took to the streets of Palermo in Buenos Aires, where Payne had been visiting. They held a vigil, cried and consoled one another in front of the Casa Sur hotel where Payne had been staying.

    One fan, 25-year-old Yamila Zacarias, probably spoke for many when she said:

    He meant a lot to me because the band came into my life at this time when you’re trying to be a part of something, and being a One Direction fan became that something for me.

    Lifelong fandom and memories

    There’s a stereotype of “fans” as hordes of screaming girls, which can really take away from the depth of fandom.

    Anyone at any stage of life can be a fan of just about anything. And the best thing about fandom is that it can, and often does, allow lots of different types of people an outlet for connection throughout their lives.

    Many fans have left comments on old music videos.
    YouTube/screenshot

    The death of US actress Betty White in 2021, as sad as it was, brought people across generations and walks of life together. And not just those who knew her personally, but those who had connected with each other through their love of her work. It reminded me of my own family, including my Nan and Dad, now gone, and the laughs we’d share as we watched her.

    As more details and tributes to Payne’s life and death emerge, the fans will have each other to lean on. If you yourself know someone who is a fan of Payne or One Direction, even reaching out to just acknowledge that person’s grief and experience is important. It says to them, “what you love is valid, and so are you”.

    If this article has raised issues for you, or if you’re concerned about someone you know, call Lifeline on 13 11 14.

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

    – ref. Death of an idol: response to Liam Payne’s death highlights the power of childhood and music – https://theconversation.com/death-of-an-idol-response-to-liam-paynes-death-highlights-the-power-of-childhood-and-music-241554

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Nokia Corporation Interim Report for Q3 2024

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Interim Report
    17 October 2024 at 08:00 EEST

    Nokia Corporation Interim Report for Q3 2024

    Strong gross margin improvement amidst ongoing market weakness

    • Q3 net sales declined 7% y-o-y in constant currency (-8% reported) as growth in Network Infrastructure and Nokia Technologies was offset by decline in Mobile Networks primarily in India and a divestment in Cloud and Network Services.
    • Order intake remained strong in Network Infrastructure, while the sales recovery continues to be slower than expected.
    • Comparable gross margin in Q3 increased by 490bps y-o-y to 45.7% (reported increased 500bps to 45.2%), with improvements across business groups, particularly in Mobile Networks.
    • Q3 comparable operating margin increased 160bps y-o-y to 10.5% (reported up 70bps to 5.7%), mainly due to higher gross margin, continued cost control and a benefit from the reversal of loss allowances for certain trade receivables.
    • Q3 comparable diluted EPS for the period of EUR 0.06; reported diluted EPS for the period of EUR 0.03.
    • Q3 free cash flow of EUR 0.6 billion, net cash balance EUR 5.5 billion.
    • Continued to make significant progress with cost savings program, EUR 500 million run-rate of gross savings actioned.
    • Nokia’s full year 2024 outlook is unchanged. Nokia currently expects comparable operating profit of between EUR 2.3 billion and 2.9 billion and free cash flow conversion from comparable operating profit of between 30% and 60%.

    This is a summary of the Nokia Corporation Interim Report for Q3 2024 published today. Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group’s financial information as well as on Nokia’s outlook. The detailed, segment-level discussion will be available in the complete financial report hosted at http://www.nokia.com/financials. A video interview summarizing the key points of our Q3 results will also be published on the website. Investors should not solely rely on summaries of Nokia’s financial reports and should also review the complete reports with tables.

    PEKKA LUNDMARK, PRESIDENT AND CEO, ON Q3 2024 RESULTS

    As I reflect on our performance in the third quarter, I am optimistic we are now turning the corner in many parts of our business, even if some continue to experience market weakness. Among the key highlights was a return to net sales growth in Network Infrastructure with Fixed Networks growing 9% in constant currency and IP Networks growing 6%. Order intake in Network Infrastructure continued to be robust with strong year-on-year growth and a growing order backlog. Additionally, we delivered a significant improvement in our gross margin at the group level and cash generation remained strong with EUR 621 million free cash flow in the quarter.

    There are reasons for optimism across our portfolio. We expect a significant acceleration in growth in Q4 in Network Infrastructure and see a number of structural demand trends supporting our future growth. In Mobile Networks, although market dynamics are more challenging, we have secured several important deals in the quarter, remain confident in our competitive position and are improving our gross margin. In Cloud and Network Services we are seeing excellent momentum in 5G Core along with strong progress in network automation, cloudification and enabling network APIs. Nokia Technologies continues to benefit from greater stability following the conclusion of its smart-phone renewal cycle and is making good progress expanding into the new growth areas.

    Across Nokia we are investing to create new growth opportunities outside of our traditional communications service provider market. We see a significant opportunity to expand our presence in the data center market and are investing to broaden our product portfolio in IP Networks to better address this. Our pending acquisition of Infinera will also bolster our Optical Networks exposure to this market and accelerate our growth opportunities. Additionally, we see a compelling new long-term opportunity in bringing 5G technology to the defense market and we continue to invest in private wireless networks where we are the clear market leader.

    Regarding our financial performance in Q3, our net sales declined by 7% in the quarter in constant currency. Three quarters of the decline was driven by India due to a strong year-ago quarter. Importantly we delivered a significant improvement in comparable gross margin which expanded 490 basis points from the year-ago period to reach 45.7%. This was driven by a combination of improved product mix, regional mix and actions to reduce product cost. Despite continued intense competition, we remain disciplined on price while still winning deals as we remain focused on improving the profitability of our business. We also progressed our cost reduction efforts contributing to a solid improvement of 160 basis points in our comparable operating margin on a year-on-year basis.

    Regarding full year 2024, our comparable operating profit outlook remains EUR 2.3 to 2.9 billion and we are currently tracking within the bottom-half of the range. The net sales recovery is happening slower than we expected previously, however, this is being partially offset by an improving gross margin and quick action on cost. We expect to be at the high end of our free cash flow target of 30% to 60% conversion from comparable operating profit.

    FINANCIAL RESULTS

    EUR million (except for EPS in EUR) Q3’24 Q3’23 YoY change Constant currency YoY change Q1-Q3’24 Q1-Q3’23 YoY change Constant currency YoY change
    Reported results                
    Net sales 4 326 4 709 (8)% (7)% 13 236 15 722 (16)% (15)%
    Gross margin % 45.2% 40.2% 500bps   46.1% 39.4% 670bps  
    Research and development expenses (1 116) (1 067) 5%   (3 376) (3 197) 6%  
    Selling, general and administrative expenses (692) (697) (1)%   (2 101) (2 104) 0%  
    Operating profit 246 237 4%   1 082 1 127 (4)%  
    Operating margin % 5.7% 5.0% 70bps   8.2% 7.2% 100bps  
    Profit from continuing operations 145 130 12%   965 700 38%  
    Profit/(loss) from discontinued operations 31 3 933%   (494) 11    
    Profit for the period 175 133 32%   471 711 (34)%  
    EPS for the period, diluted 0.03 0.02 50%   0.08 0.13 (38)%  
    Net cash and interest-bearing financial investments 5 460 2 960 84%   5 460 2 960 84%  
    Comparable results                
    Net sales 4 326 4 709 (8)% (7)% 13 236 15 722 (16)% (15)%
    Gross margin % 45.7% 40.8% 490bps   47.0% 39.9% 710bps  
    Research and development expenses (1 029) (1 024) 0%   (3 169) (3 119) 2%  
    Selling, general and administrative expenses (591) (594) (1)%   (1 785) (1 833) (3)%  
    Operating profit 454 418 9%   1 477 1 507 (2)%  
    Operating margin % 10.5% 8.9% 160bps   11.2% 9.6% 160bps  
    Profit for the period 358 293 22%   1 198 1 035 16%  
    EPS for the period, diluted 0.06 0.05 20%   0.21 0.18 17%  
    ROIC(1) 10.4% 11.9% (150)bps   10.4% 11.9% (150)bps  

    1 Comparable ROIC = Comparable operating profit after tax, last four quarters / invested capital, average of last five quarters’ ending balances. Refer to the Alternative performance measures section in Nokia Corporation Interim Report for Q3 2024 for details.

    Business group results Network
    Infrastructure    		 Mobile
    Networks    		 Cloud and Network Services Nokia
    Technologies    		 Group Common and Other
    EUR million Q3’24 Q3’23 Q3’24 Q3’23 Q3’24 Q3’23 Q3’24 Q3’23 Q3’24 Q3’23
    Net sales 1 525 1 534 1 747 2 157 702 742 352 258 3 22
    YoY change (1)%   (19)%   (5)%   36%   (86)%  
    Constant currency YoY change 1%   (17)%   (4)%   35%   (86)%  
    Gross margin % 42.1% 40.5% 39.8% 34.8% 40.9% 39.1% 100.0% 100.0%    
    Operating profit/(loss) 180 165 92 99 65 36 242 181 (126) (62)
    Operating margin % 11.8% 10.8% 5.3% 4.6% 9.3% 4.9% 68.8% 70.2%    

    SHAREHOLDER DISTRIBUTION

    Dividend

    Under the authorization by the Annual General Meeting held on 3 April 2024, the Board of Directors may resolve on the distribution of an aggregate maximum of EUR 0.13 per share to be paid in respect of financial year 2023. The authorization will be used to distribute dividend and/or assets from the reserve for invested unrestricted equity in four installments during the authorization period, in connection with the quarterly results, unless the Board decides otherwise for a justified reason.

    On 17 October 2024, the Board resolved to distribute a dividend of EUR 0.03 per share. The dividend record date is 22 October 2024 and the dividend will be paid on 31 October 2024. The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments.

    Following this announced distribution, the Board’s remaining distribution authorization is a maximum of EUR 0.03 per share.

    Share buyback program

    In January 2024, Nokia’s Board of Directors initiated a share buyback program to repurchase shares to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The share buyback execution started on 20 March 2024. On 19 July 2024, Nokia’s Board of Directors decided to accelerate the timeframe for the share buyback program with the aim of completing the full EUR 600 million program by the end of this year instead of the initial two year timeframe.

    On 27 June 2024, Nokia announced its intention to acquire Infinera in a transaction that valued Infinera at US$1.7 billion equity value with up to 30% of the consideration to be paid in Nokia American depositary shares (“ADSs”), depending on the elections of Infinera shareholders. Nokia’s Board of Directors is committed to repurchase additional shares on top of the on-going EUR 600 million program to offset the dilution from the transaction to Nokia shareholders.

    Under the share buyback program, by 30 September 2024, Nokia had repurchased 84 295 899 of its own shares at an average price per share of approximately EUR 3.48.

    OUTLOOK

      Full Year 2024
    Comparable operating profit(1) EUR 2.3 billion to EUR 2.9 billion
    Free cash flow(1) 30% to 60% conversion from comparable operating profit

    1Please refer to Alternative performance measures section in Nokia Corporation Interim Report for Q3 2024 for a full explanation of how these terms are defined.

    The outlook, long-term targets and all of the underlying outlook assumptions described below are forward-looking statements subject to a number of risks and uncertainties as described or referred to in the Risk Factors section later in this release. Along with Nokia’s official outlook targets provided above, below are outlook assumptions by business group that support the group level outlook.

      Nokia business group assumptions (full year 2024)
      Net sales growth (constant currency) Operating margin
    Network Infrastructure -6% to -3% (update) 10.0% to 12.0% (update)
    Mobile Networks -22% to -19% (update) 5.0% to 7.0% (update)
    Cloud and Network Services -7% to -4% (update) 6.0% to 8.0% (update)

    Nokia provides the following approximate outlook assumptions for additional items concerning 2024:

      Full year 2024 Comment
    Nokia Technologies operating profit at least
    EUR 1.4 billion    		 Nokia expects cash generation in Nokia Technologies to be EUR 700 million below operating profit in 2024 due to prepayments received in 2023. From 2025 onwards Nokia expects greater alignment between cash generation and operating profit in Nokia Technologies.
    Group Common and Other operating expenses EUR 350 million This includes central function costs which are expected to be largely stable at approximately EUR 200 million and an increase in investment in long-term research to approximately EUR 150 million.
    Comparable financial income and expenses Positive EUR 75 to EUR 125 million  
    Comparable income tax rate ~25%  
    Cash outflows related to income taxes EUR 450 million  
    Capital Expenditures EUR 450 million (update)  

    2026 TARGETS

    Nokia’s current targets for its existing perimeter of the business for 2026 are outlined below. This does not consider pending acquisitions. The Network Infrastructure operating margin assumption below considers Submarine Networks being treated as a discontinued operation. Nokia sees further opportunities to increase margins beyond 2026 and believes an operating margin of 14% remains achievable over the longer term.
    Net sales    		 Grow faster than the market
    Comparable operating margin(1) ≥ 13%
    Free cash flow(1) 55% to 85% conversion from comparable operating profit

    1 Please refer to Alternative performance measures section in Nokia Corporation Interim Report for Q3 2024 for a full explanation of how these terms are defined.

    The comparable operating margin target for Nokia group is built on the following assumptions by business group for 2026:

    Network Infrastructure 13 – 16% operating margin
    Mobile Networks 6 – 9% operating margin
    Cloud and Network Services 7 – 10% operating margin
    Nokia Technologies Operating profit more than EUR 1.1 billion
    Group common and other Approximately EUR 300 million of operating expenses

    RISK FACTORS

    Nokia and its businesses are exposed to a number of risks and uncertainties which include but are not limited to:

    • Competitive intensity, which is expected to continue at a high level as some competitors seek to take share;
    • Changes in customer network investments related to their ability to monetize the network;
    • Our ability to ensure competitiveness of our product roadmaps and costs through additional R&D investments;
    • Our ability to procure certain standard components and the costs thereof, such as semiconductors;
    • Disturbance in the global supply chain;
    • Impact of inflation, increased global macro-uncertainty, major currency fluctuations and higher interest rates;
    • Potential economic impact and disruption of global pandemics;
    • War or other geopolitical conflicts, disruptions and potential costs thereof;
    • Other macroeconomic, industry and competitive developments;
    • Timing and value of new, renewed and existing patent licensing agreements with licensees;
    • Results in brand and technology licensing; costs to protect and enforce our intellectual property rights; on-going litigation with respect to licensing and regulatory landscape for patent licensing;
    • The outcomes of on-going and potential disputes and litigation;
    • Our ability to execute, complete and realize the expected benefits from our ongoing transactions;
    • Timing of completions and acceptances of certain projects;
    • Our product and regional mix;
    • Uncertainty in forecasting income tax expenses and cash outflows, over the long-term, as they are also subject to possible changes due to business mix, the timing of patent licensing cash flow and changes in tax legislation, including potential tax reforms in various countries and OECD initiatives;
    • Our ability to utilize our Finnish deferred tax assets and their recognition on our balance sheet;
    • Our ability to meet our sustainability and other ESG targets, including our targets relating to greenhouse gas emissions;as well the risk factors specified under Forward-looking statements of this release, and our 2023 annual report on Form 20-F published on 29 February 2024 under Operating and financial review and prospects-Risk factors.

    FORWARD-LOOKING STATEMENTS

    Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia’s current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, projects, programs, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics, geopolitical conflicts and the general or regional macroeconomic conditions on our businesses, our supply chain, the timing of market changes or turning points in demand and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, cost savings, the timing of receivables, operating expenses, provisions, impairments, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to our ongoing transactions and changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including “continue”, “believe”, “envisage”, “expect”, “aim”, “will”, “target”, “may”, “would”, “see”, “plan” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in the Risk Factors above.

    ANALYST WEBCAST

    • Nokia’s webcast will begin on 17 October 2024 at 11.30 a.m. Finnish time (EEST). The webcast will last approximately 60 minutes.
    • The webcast will be a presentation followed by a Q&A session. Presentation slides will be available for download at http://www.nokia.com/financials.
    • A link to the webcast will be available at http://www.nokia.com/financials.
    • Media representatives can listen in via the link, or alternatively call +1-412-317-5619.

    FINANCIAL CALENDAR

    • Nokia plans to publish its fourth quarter and full year 2024 results on 30 January 2025.

    About Nokia

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

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

    Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia
    Communications
    Phone: +358 10 448 4900
    Email:press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia
    Investor Relations
    Phone: +358 4080 3 4080
    Email:investor.relations@nokia.com

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    The MIL Network –

  • MIL-OSI: LHV Group Financial Calendar for 2025

    Source: GlobeNewswire (MIL-OSI)

    AS LHV Group has decided the company’s Financial Calendar for the 2025 financial year.

    In 2025 LHV Group plans to disclose information and organise the Annual General Meeting of shareholders according to the following schedule:

    11.02.2025 Q4 2024 and unaudited full year results
    13.02.2025 Disclosure of Financial Plan
    18.02.2025 January results
    04.03.2025 Audited results for 2024
    12.03.2025 February results
    26.03.2025 Annual General Meeting
    08.04.2025 Ex-dividend date (ex-date)
    22.04.2025 Q1 interim results
    13.05.2025 April results
    17.06.2025 May results
    22.07.2025 Q2 interim results
    12.08.2025 July results
    16.09.2025 August results
    21.10.2025 Q3 interim results
    18.11.2025 October results
    16.12.2025 November results

    LHV Group is the largest domestic financial group and capital provider in Estonia. The LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,100 people. As at the end of August, LHV’s banking services are used by 441,000 clients, the pension funds managed by LHV have 118,000 active clients, and LHV Kindlustus protects a total of 168,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

    Priit Rum
    Communication Manager
    Phone: +372 502 0786
    Email: priit.rum@lhv.ee

    The MIL Network –

  • MIL-OSI China: Chinese automakers push forward with growth plans

    Source: China State Council Information Office

    People visit the pavilion of Chinese carmaker BYD at the 2024 Paris Motor Show during the media day in Paris, France, Oct. 14, 2024. [Photo/Xinhua]

    Chinese automakers are pushing forward with their development plans despite protectionist tariff threats from the European Union.

    Nine leading Chinese brands, including BYD, Xpeng, and Leapmotor, showcased new electric vehicle (EV) models at the 2024 Paris Motor Show, highlighting their technological advancements and determination to grow.

    Among the key unveilings was Leapmotor’s global debut of its B10 model, a compact electric SUV that will be manufactured in Poland for European consumers.

    Zhu Jiangming, founder of Leapmotor, outlined the B10’s advanced features, which include Advanced Driver Assistance Systems, a customizable digital cockpit, and intelligent driving capabilities. He also noted the company’s collaboration with the Stellantis team for chassis tuning, aiming to meet the preferences of younger consumers seeking innovation and quality.

    “The debut highlights Leapmotor’s rapid growth in Europe, with over 200 dealers already established across 13 markets, aiming to reach 500 sales points by 2025,” Leapmotor revealed.

    Stellantis CEO Carlos Tavares commended Leapmotor’s rapid growth and its in-house R&D capabilities, highlighting that the Leapmotor joint venture will promote affordable EVs globally and reshape Europe’s EV market.

    China’s Dongfeng Liuzhou Motor Co., Ltd. showcased four new energy vehicles: the flagship luxury Forthing V9 MPV, the pure electric sedan Forthing S7, the pure-electric SUV Friday and the hybrid MPV U-Tour.

    General Manager Lin Changbo emphasized the company’s portfolio of over 21,000 active patents, highlighting the commitment to enhancing global competitiveness and fostering collaboration with industry partners.

    Xpeng Motors introduced its AI-powered P7+ sedan, which it described as the “world’s first AI car.”

    Currently, the automotive industry is benefiting from two major advantages: intelligence and electrification, He Xiaopeng, chairman and CEO of Xpeng, told Xinhua in an exclusive interview.

    He stressed that as a member of China’s emerging car manufacturing forces, the company will continue to invest in R&D and deliver innovative intelligent technology to the European market.

    BYD unveiled its mid-sized electric SUV, the Sealion 7, and introduced its luxury Yangwang U8 SUV to the French market. Executive Vice President Li Ke told Frankfurter Allgemeine Sonntagszeitung newspaper that the company plans to start vehicle production in Hungary by late 2025, further cementing its position as a major Chinese player in Europe’s EV market.

    MIL OSI China News –

  • MIL-OSI: Viridien Announces its Q3 Financial Results on Thursday 31st October 2024, after Market Close    

    Source: GlobeNewswire (MIL-OSI)

    Paris, France – October 17th, 2024

    Viridien, formerly CGG, will announce its third quarter 2024 financial results on Thursday, October 31st, after market close.

    • The press release and the presentation will be made available on our website http://www.viridiengroup.com at 5:45 pm (CET)
    • An English language analysts conference call is scheduled the same day at 6.00 pm (CET)

    Participants should register for the call here to receive a dial-in number and code or participate in the live webcast from here.

    A replay of the conference call will be made available the day after for a period of 12 months in audio format on the Company’s website http://www.viridiengroup.com.

    About Viridien (formerly CGG):

    Viridien (http://www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,500 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).

    Contacts

    Attachment

    The MIL Network –

  • MIL-OSI: Unable to get its cosmetics plant project financed, Global Bioenergies is now focusing all its efforts on SAF opportunities

    Source: GlobeNewswire (MIL-OSI)

    PRESS RELEASE

    Unable to get its cosmetics plant project financed, Global Bioenergies is now focusing all its efforts on SAF opportunities

    Evry, 17 October 2024 – 07:30 a.m.: After several months of efforts, the Company has been unable to find investors for its 2,500-ton plant dedicated to the cosmetics market, in a highly unfavorable context for the financing of first-of-a-kind projects. The Company is now devoting all its energy to applying its technology to the production of Sustainable Aviation Fuel (“SAF”), with a model of industrial partnerships.

    Samuel Dubruque, Chief Financial Officer of Global Bioenergies, commented: “Despite all our efforts over the last few months, and with the conviction that we have presented the most mature case possible, we are now coming to the conclusion that our plant project will not reach final investment decision. Like all first-of-a-kinds, this project necessarily involves risks at various levels. The prospect of a significant return on investment linked to the cosmetics market should have been a sufficient counterbalance, allowing us to convince private investors to commit to the project, but we must realize that this is not the case in the current political, economic and financial context. Today, infrastructure investors limit themselves to less risky industrial replica projects1, and to projects more directly focused on energy markets.”

    Marc Delcourt, co-founder and Chief Executive Officer, added: “Global Bioenergies regrets that this project is not moving forward, and draws the necessary conclusions: the Company will therefore not be carrying out any plant projects of its own in the short or medium term, and will be focusing all its efforts on a partnership model. The intrinsic value of the process developed by Global Bioenergies is not diminished by the non-realization of this first industrial project designed to meet the needs of the niche cosmetics market. Our main ambition remains to produce much larger volumes of SAF, in order to reduce the carbon footprint of the aviation sector and fight global warming, now an absolute priority. To achieve this, the technology partnership approach is the most appropriate.”

    As a reminder, the Company’s process is one of only a dozen solutions to have obtained ASTM certification. The SAF market is currently in the start-up phase, and will really accelerate in 2030, when the European mandate increases to 6% (i.e. around 3 million tons/year) and production in the United States reaches the “Grand Challenge” target of 3 billion gallons per year (i.e. 9 million tons/year)2. The Company still aims to contribute to achieving these 2030 objectives on both sides of the Atlantic. Alongside this future large-scale SAF production, the Company intends to continue serving niche markets, in particular cosmetics.

    About GLOBAL BIOENERGIES

    As a committed player in the fight against global warming, Global Bioenergies has developed a unique process to produce SAF and e-SAF from renewable resources, thereby meeting the challenges of decarbonising air transport. Its technology is one of the very few solutions already certified by ASTM. Its products also meet the high standards of the cosmetics industry, and L’Oréal is its largest shareholder with a 13.5% stake. Global Bioenergies is listed on Euronext Growth in Paris (FR0011052257 – ALGBE).

    Contacts

    1 Réussir le passage à l’échelle des cleantech en France (website-files.com) – Cleantech for France (in French
    2 Sustainable Aviation Fuel Market Outlook – June 2024, SkyNRG

    Attachment

    The MIL Network –

  • MIL-Evening Report: Loss of an idol: response to Liam Payne’s death highlights the power of childhood and music

    Source: The Conversation (Au and NZ) – By Liz Giuffre, Senior Lecturer in Communication, University of Technology Sydney

    Former One Direction band member and solo artist Liam Payne has been found dead outside a hotel in Buenos Aires, media reports have confirmed. Payne was just 31 years old – a loved friend and father.

    Alongside his former One Direction band mates Niall Horan, Harry Styles, Louis Tomlinson and Zayn Malik, Payne had a huge influence on popular culture in his home country of the United Kingdom and internationally.

    The group formed in 2010 on the British talent show X Factor and stayed together for about five years before officially splitting in 2016. Throughout this time, Payne remained a valuable member of the band and a clear talent in his own right.

    Although each member auditioned seperately, they were eventually hand-picked by Simon Cowell to form a group.

    After the split (and a brief hiatus from music-making), Payne continued to release music periodically as both a songwriter and collaborator. He most recently released the single Teardrops in March, ahead of an anticipated second solo album.

    News of Payne’s death has led to an outpouring of tributes. Like many young people thrust into stardom seemingly overnight, his life wasn’t without controversy. But the response to his death by fans and industry colleagues alike is proof of the impact he had.

    The making of a pop supergroup

    While One Direction may have not been together for as long as other globally successful acts, their influence far exceeded bands that have been together for decades. They released five studio records – and broke many more, including six Guinness World Records. And even though they didn’t make it to their 10th anniversary together, they had still sold some 70 million records by 2020.

    In the years since the split, fans continued to gather, listen and celebrate – with the most recent anniversary (14 years) seeing fan-led events held in Australia and the rest of the world.

    It’s easy to dismiss pop music and its influence, especially in the face of what feel like increasingly dire global circumstances. But pop, like many other forms of entertainment, provides a practical way for people to gain momentary pleasure and comfort.

    It also provides connection with others – and relief from politics and other daily pressures. For example, one of One Direction’s biggest hits, That’s What Makes You Beautiful, sought to empower young people who might otherwise be overwhelmed by negative messaging.

    Within a year of their debut, the group was met with massive crowds of fans almost everywhere they want.

    One Direction has been compared to The Beatles in terms of their influence on young people – and female and queer fans in particular.

    The impact on fans when their idol dies

    The loss of life, especially a young person’s life, is always a tragedy.

    For some young fans, this might be the first person they “know” who has died. While it may not be the same as losing a family member or close friend, the feeling of loss is significant. Young fans will need support. And in 2024, many will find this support through social platforms and online forums.

    I still remember the impact the deaths of stars such as Kurt Cobain and Jeff Buckley had on people like me who were teenagers in the 1990s. These were artists I admired and listened to – and whose art I relied on during times of pleasure and pain.

    A similar pang was felt when artists such as George Michael, Aretha Franklin and David Bowie died, albeit later in my life and theirs.

    The experience of losing a music idol is in many ways a universal one. People whose art we attach to our own life experiences become inseparable from our lives. And when they die, it can feel like those experiences are over too.

    After news of Payne’s death broke, hundreds of fans took to the streets of Palermo in Buenos Aires, where Payne had been visiting. They held a vigil, cried and consoled one another in front of the Casa Sur hotel where Payne had been staying.

    One fan, 25-year-old Yamila Zacarias, probably spoke for many when she said:

    He meant a lot to me because the band came into my life at this time when you’re trying to be a part of something, and being a One Direction fan became that something for me.

    Lifelong fandom and memories

    There’s a stereotype of “fans” as hordes of screaming girls, which can really take away from the depth of fandom.

    Anyone at any stage of life can be a fan of just about anything. And the best thing about fandom is that it can, and often does, allow lots of different types of people an outlet for connection throughout their lives.

    Many fans have left comments on old music videos.
    YouTube/screenshot

    The death of US actress Betty White in 2021, as sad as it was, brought people across generations and walks of life together. And not just those who knew her personally, but those who had connected with each other through their love of her work. It reminded me of my own family, including my Nan and Dad, now gone, and the laughs we’d share as we watched her.

    As more details and tributes to Payne’s life and death emerge, the fans will have each other to lean on. If you yourself know someone who is a fan of Payne or One Direction, even reaching out to just acknowledge that person’s grief and experience is important. It says to them, “what you love is valid, and so are you”.

    If this article has raised issues for you, or if you’re concerned about someone you know, call Lifeline on 13 11 14.

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

    – ref. Loss of an idol: response to Liam Payne’s death highlights the power of childhood and music – https://theconversation.com/loss-of-an-idol-response-to-liam-paynes-death-highlights-the-power-of-childhood-and-music-241554

    MIL OSI Analysis – EveningReport.nz –