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Category: France

  • MIL-OSI: Limekiln Wind Farm, Scotland: Boralex’s First Production Site in the United Kingdom Now Operational

    Source: GlobeNewswire (MIL-OSI)

    EDINBURGH, United Kingdom, April 01, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce that the Limekiln Wind Farm and all its turbines are operational. Limekiln Wind Farm, located near Thurso in Caithness, is the Corporation’s flagship project in Scotland and its first operational site in the United Kingdom, with an installed capacity of 106 MW.

    “I am extremely proud of the Boralex team, whose expertise and dedication over the past few years have enabled us to reach this historic milestone for the company today,” said Patrick Decostre, President and CEO. “The UK is a key geography in achieving our growth and diversification objectives, and the operation of Limekiln Wind Farm enables us to strengthen our strategic position in the UK, while contributing to the global energy transition.”

    “The operational phase announced today is a major step towards achieving our ambition of increasing our portfolio of ready-to-build and operational renewable energy assets in the UK, a market with high development potential, to 1 GW by 2030,” said Nicolas Wolff, Senior Vice President and General Manager, Europe. “It is also the result of valuable consultation work with local communities carried out by our teams, who have been present on the ground since the very first stages of the project.”

    Limekiln Wind Farm consists of 24 Vestas V136-4.5MW wind turbines, measuring 150m to the tip of the blade. Apart from zero-carbon electricity, the wind farm will also deliver a full package of social, economic and environmental benefits, including biodiversity enhancements such as a native species planting scheme and a peat restoration programme, as well as a Community Benefit Fund of over £500,000 annually for the life of the project.

    This project benefits from a government-backed 15-year Contract for Difference (CfD) that will start in April 2028. Boralex has entered into a power purchase agreement (PPA) with Statkraft, one of the leading PPA providers in the UK, to cover the period between commissioning of the wind farm, and the beginning of the CfD.

    In addition, the project offers local employment opportunities: the site’s operation would support at least 8 direct jobs and around 50 indirect jobs. Lastly, the wind farm will provide sufficient electricity to meet the needs of around 100,000 British homes every year, based on the average generation mix of UK power sources.

    For more information, please visit the Limekiln Wind Farm page on our website.

    Boralex accelerates its development in the United Kingdom

    The operation of Limekiln Wind Farm comes at a time of strong growth for Boralex in the UK. Since 2023, the Company has expanded its team from 10 to 23 renewable energy professionals and aims to recruit more than a dozen new employees by the end of the year in all departments. Two major milestones were reached in the past year, with the closing of financing and the signing of the Corporate PPA for Limekiln Wind Farm. Boralex also acquired the Sallachy (wind – up to 50 MW) and Clashindarroch Extension (wind – 145 MW and storage – 50 MW) projects. Boralex opened a new office in Ringwood, in the south of England, in January 2025, allowing it to continue its growth in this region and in Wales.

    Caution Regarding Forward-Looking Statements

    Some of the statements contained in this press release are forward-looking statements based on current expectations, within the meaning of securities legislation. Boralex would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the measure it adopts could differ materially from those indicated by or underlying these statements, or could have an impact on the degree of realization of a particular forward-looking statement. Unless otherwise specified by the Company, the forward-looking statements do not take into account the possible impact on its activities, transactions, non-recurring items or other exceptional items announced or occurring after the statements are made. There can be no assurance as to the materialization of the results, performance or achievements as expressed or implied by forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements. Unless required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise forward-looking statements to reflect new information, future events or other changes.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have development activities and production facilities in the United States and the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3.1 GW. Our pipeline of projects and growth path total over 8 GW in wind, solar and electricity storage projects. We develop those projects guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook and LinkedIn.

    For more information

    MEDIA INVESTOR RELATIONS
    Camille Laventure
    Senior Advisor, Public Affairs and External Communications

    Boralex Inc.

    438 883-8580
    camille.laventure@boralex.com

    		 Stéphane Milot
    Vice President, Investor Relations and Financial Planning and Analysis

    Boralex Inc.

    514 213-1045
    stephane.milot@boralex.com
       
    MEDIA – UNITED KINGDOM  
    Marlies Koutstaal
    Communications Manager

    Boralex United Kingdom

    07876 341561
    marlies.koutsaal@boralex.com

    		  
       

    Source: Boralex inc.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d9ca4d0-9894-41e3-9bb7-e3a68e59e4b5

    The MIL Network –

  • MIL-OSI Europe: Written question – Condemnation of the Commission’s biased report on combating anti-Muslim hatred – E-001138/2025

    Source: European Parliament

    Question for written answer  E-001138/2025
    to the Commission
    Rule 144
    Christophe Bay (PfE), Anna Bryłka (PfE), Hermann Tertsch (PfE), Irmhild Boßdorf (ESN), Catherine Griset (PfE), Anna Maria Cisint (PfE), Julien Sanchez (PfE), André Rougé (PfE), Gilles Pennelle (PfE), Marie-Luce Brasier-Clain (PfE), Ondřej Knotek (PfE), Séverine Werbrouck (PfE), Angéline Furet (PfE), Pascale Piera (PfE)

    In October 2024, the Commission gave support to and circulated a report entitled ‘The legal framework to combat anti-Muslim hate in the European Union’, which had been drawn up by the European network of legal experts in gender equality and non-discrimination and funded by George Soros’s Open Society Foundations in particular.

    The report equates any criticism of radical Islamism with systemic discrimination, thus obscuring the genuine threats posed to our democracies by what is a totalitarian ideology. It seeks to hamper any political or legal action against Islamism.

    The Rassemblement National political party would point out that its fight is against Islamism, not Muslims. Secularism is a fundamental value of the French Republic; it is enshrined in Article 1 of its Constitution. By equating any opposition to Islamism with a form of structural racism, the report deprives public policies to combat extremism of their legitimacy.

    In this context:

    • 1.Can the Commission explain why it has published and thus endorsed a report that legitimises a culpable complacency towards Islamism?
    • 2.What action does it intend to take to correct that stance and ensure that combating Islamism is one of its priorities?

    Supporters[1]

    Submitted: 18.3.2025

    • [1] This question is supported by Members other than the authors: Jean-Paul Garraud (PfE), Julien Leonardelli (PfE)
    Last updated: 1 April 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Germany: NORD/LB and EIB announce EUR 165 Million Partnership to back Renewable Energy investment across Europe

    Source: European Investment Bank

    EIB

    NORD/LB Norddeutsche Landesbank (NORD/LB) and the European Investment Bank (EIB) have today announced a significant partnership aimed at accelerating the transition to clean energy across the European Union.

    The new financing will back new small and medium-sized renewable energy projects throughout Europe.

    Bernhard Kluttig, State Secretary at the Federal Ministry for Economic Affairs and Climate Action, said, “Accelerating investment in renewable energy is not just a crucial step in tackling climate change, it’s also a tremendous opportunity for German and European businesses. This partnership between NORD/LB and the EIB, supporting vital projects like photovoltaics, onshore wind, and battery storage, will strengthen our energy independence and drive innovation and growth in the clean tech sector. Initiatives like these are essential to realizing our climate goals while simultaneously fostering a competitive and sustainable economy.”

    The financing agreement was formally signed at the Hannover Messe by European Investment Bank Vice President Nicola Beer and NORD/LB CEO Jörg Frischholz, in the presence of Bernhard Kluttig State Secretary for Economic Affairs and Climate Action at the Federal Ministry for Economic Affairs and Climate Action.

    Jörg Frischholz, Chief Executive Officer of NORD/LB, said, “As a long-standing partner of the EIB, NORD/LB is pleased to strengthen our partnership to support the green transition and enable our clients to invest in a range of new renewable energy projects. Today’s agreement builds on the success of our cooperation and our shared commitment to support clean energy investment and innovation “.

    Nicola Beer, Vice President of the European Investment Bank, commented, “Backing investment to harness renewable energy across the EU is crucial for delivering the energy transition, improving energy security and as we see here at the Hannover Messe, building on Europe’s clean tech strengths. Together the EIB and NordLB are ensuring that renewable energy can be scaled up across Europe, so that energy prices can come down”.

    Under the initiative, the EIB will provide EUR 125 million and NORD/LB will provide further financing, to strengthen access to finance essential to accelerate deployment of crucial renewable energy infrastructure. The financing will specifically target projects in key areas such as photovoltaic systems, onshore wind farms, and battery storage within European Union countries.

    This builds on the successful deployment of the first part of the initiative over the last year that has supported large-scale wind and solar projects in Germany and France.

    Background information

    About NORD/LB

    The NORD/LB Norddeutsche Landesbank is a leading German commercial bank and part of the S-Finance Group. Its core business areas include corporate clients, special financing in the energy and infrastructure sectors as well as commercial real estate financing via Deutsche Hypo, capital market business, association business with savings banks, and private and commercial clients including private banking. The bank has its headquarters in Hannover, Braunschweig, and Magdeburg, with branches in other German cities and international locations including Luxembourg, London, New York, and Singapore.

    About the EIB

    As the EU’s climate bank, the European Investment Bank (EIB) finances projects in four priority areas: climate and environment, development, innovation and skills, small and medium-sized businesses (SMEs), infrastructure. The EIB works closely with EU institutions to implement the European Green Deal.

    NORD/LB
    Germany: NORD/LB and EIB announce EUR 165 Million Partnership to back Renewable Energy investment across Europe
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    NORD/LB
    NORD/LB and EIB announce EUR 165 Million Partnership to back Renewable Energy investment across Europe
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    NORD/LB
    Germany: NORD/LB and EIB announce EUR 165 Million Partnership to back Renewable Energy investment across Europe
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    MIL OSI Europe News –

  • MIL-OSI Europe: Minutes – Monday, 31 March 2025 – Strasbourg – Final edition

    Source: European Parliament 2

    Present:

    Aaltola Mika, Abadía Jover Maravillas, Adamowicz Magdalena, Aftias Georgios, Agirregoitia Martínez Oihane, Agius Peter, Agius Saliba Alex, Alexandraki Galato, Allione Grégory, Al-Sahlani Abir, Anadiotis Nikolaos, Anderson Christine, Andresen Rasmus, Andrews Barry, Andriukaitis Vytenis Povilas, Androuët Mathilde, Angel Marc, Annemans Gerolf, Antoci Giuseppe, Arias Echeverría Pablo, Arłukowicz Bartosz, Arnaoutoglou Sakis, Arndt Anja, Arvanitis Konstantinos, Asens Llodrà Jaume, Assis Francisco, Attard Daniel, Aubry Manon, Auštrevičius Petras, Axinia Adrian-George, Azmani Malik, Bajada Thomas, Baljeu Jeannette, Ballarín Cereza Laura, Barley Katarina, Barna Dan, Barrena Arza Pernando, Bartulica Stephen Nikola, Bartůšek Nikola, Bausemer Arno, Bay Nicolas, Bay Christophe, Beke Wouter, Beleris Fredis, Bellamy François-Xavier, Benifei Brando, Benjumea Benjumea Isabel, Beňová Monika, Bentele Hildegard, Berendsen Tom, Berger Stefan, Berlato Sergio, Bernhuber Alexander, Biedroń Robert, Bielan Adam, Bischoff Gabriele, Blaha Ľuboš, Blinkevičiūtė Vilija, Blom Rachel, Bloss Michael, Bocheński Tobiasz, Boeselager Damian, Bogdan Ioan-Rareş, Bonaccini Stefano, Bonte Barbara, Borchia Paolo, Borrás Pabón Mireia, Borvendég Zsuzsanna, Bosanac Gordan, Boßdorf Irmhild, Bosse Stine, Botenga Marc, Boyer Gilles, Boylan Lynn, Brandstätter Helmut, Brasier-Clain Marie-Luce, Braun Grzegorz, Bricmont Saskia, Brnjac Nikolina, Brudziński Joachim Stanisław, Bryłka Anna, Buchheit Markus, Buczek Tomasz, Buda Daniel, Buda Waldemar, Budka Borys, Bugalho Sebastião, Buła Andrzej, Bullmann Udo, Burkhardt Delara, Buxadé Villalba Jorge, Bystron Petr, Bžoch Jaroslav, Camara Mélissa, Canfin Pascal, Carberry Nina, Cârciu Gheorghe, Carême Damien, Caspary Daniel, Castillo Laurent, del Castillo Vera Pilar, Cavazzini Anna, Cavedagna Stefano, Ceccardi Susanna, Cepeda José, Ceulemans Estelle, Chahim Mohammed, Chaibi Leila, Chastel Olivier, Chinnici Caterina, Christensen Asger, Cifrová Ostrihoňová Veronika, Ciriani Alessandro, Cisint Anna Maria, Clergeau Christophe, Cormand David, Corrado Annalisa, Costanzo Vivien, Cotrim De Figueiredo João, Cowen Barry, Cremer Tobias, Crespo Díaz Carmen, Cristea Andi, Crosetto Giovanni, Cunha Paulo, Dahl Henrik, Danielsson Johan, Dauchy Marie, Dávid Dóra, David Ivan, Decaro Antonio, de la Hoz Quintano Raúl, Della Valle Danilo, Deloge Valérie, De Masi Fabio, De Meo Salvatore, Demirel Özlem, Devaux Valérie, Dibrani Adnan, Diepeveen Ton, Dieringer Elisabeth, Dîncu Vasile, Di Rupo Elio, Disdier Mélanie, Dobrev Klára, Doherty Regina, Doleschal Christian, Dömötör Csaba, Do Nascimento Cabral Paulo, Donazzan Elena, Dorfmann Herbert, Dostalova Klara, Droese Siegbert Frank, Dworczyk Michał, Ehlers Marieke, Eriksson Sofie, Erixon Dick, Eroglu Engin, Estaràs Ferragut Rosa, Everding Sebastian, Ezcurra Almansa Alma, Falcă Gheorghe, Falcone Marco, Farantouris Nikolas, Farreng Laurence, Farský Jan, Ferber Markus, Ferenc Viktória, Fernández Jonás, Fidanza Carlo, Fiocchi Pietro, Firea Gabriela, Firmenich Ruth, Fita Claire, Flanagan Luke Ming, Fourlas Loucas, Fourreau Emma, Fragkos Emmanouil, Freund Daniel, Frigout Anne-Sophie, Friis Sigrid, Fritzon Heléne, Froelich Tomasz, Fuglsang Niels, Funchion Kathleen, Furet Angéline, Furore Mario, Gahler Michael, Gál Kinga, Galán Estrella, Gálvez Lina, Gambino Alberico, García Hermida-Van Der Walle Raquel, Garraud Jean-Paul, Gasiuk-Pihowicz Kamila, Geadi Geadis, Geese Alexandra, Geier Jens, Geisel Thomas, Gemma Chiara, Georgiou Giorgos, Gerbrandy Gerben-Jan, Germain Jean-Marc, Gerzsenyi Gabriella, Geuking Niels, Gieseke Jens, Giménez Larraz Borja, Girauta Vidal Juan Carlos, Glück Andreas, Glucksmann Raphaël, Goerens Charles, Gomes Isilda, Gómez López Sandra, Gonçalves Bruno, Gonçalves Sérgio, González Casares Nicolás, González Pons Esteban, Gori Giorgio, Gosiewska Małgorzata, Gozi Sandro, Grapini Maria, Gražulis Petras, Gregorová Markéta, Griset Catherine, Groothuis Bart, Grossmann Elisabeth, Grudler Christophe, Gualmini Elisabetta, Guarda Cristina, Guetta Bernard, Guzenina Maria, Győri Enikő, Gyürk András, Hadjipantela Michalis, Hahn Svenja, Haider Roman, Halicki Andrzej, Hansen Niels Flemming, Hassan Rima, Hauser Gerald, Häusling Martin, Hava Mircea-Gheorghe, Heide Hannes, Heinäluoma Eero, Henriksson Anna-Maja, Herbst Niclas, Herranz García Esther, Hetman Krzysztof, Holmgren Pär, Hölvényi György, Homs Ginel Alicia, Humberto Sérgio, Ijabs Ivars, Imart Céline, Incir Evin, Inselvini Paolo, Iovanovici Şoşoacă Diana, Jalloul Muro Hana, Jamet France, Jarubas Adam, Jerković Romana, Jongen Marc, Joński Dariusz, Joron Virginie, Jouvet Pierre, Joveva Irena, Juknevičienė Rasa, Junco García Nora, Jungbluth Alexander, Kaliňák Erik, Kaljurand Marina, Kalniete Sandra, Kamiński Mariusz, Kanev Radan, Kanko Assita, Karlsbro Karin, Kartheiser Fernand, Karvašová Ľubica, Katainen Elsi, Kefalogiannis Emmanouil, Kelleher Billy, Keller Fabienne, Kelly Seán, Kemp Martine, Kennes Rudi, Khan Mary, Kircher Sophia, Knotek Ondřej, Kobosko Michał, Kohut Łukasz, Kolář Ondřej, Kollár Kinga, Kols Rihards, Kopacz Ewa, Körner Moritz, Kountoura Elena, Kovařík Ondřej, Kovatchev Andrey, Krištopans Vilis, Kruis Sebastian, Krutílek Ondřej, Kubín Tomáš, Kuhnke Alice, Kulja András Tivadar, Kulmuni Katri, Kyllönen Merja, Kyuchyuk Ilhan, Lakos Eszter, Lalucq Aurore, Langensiepen Katrin, Laššáková Judita, László András, Latinopoulou Afroditi, Laurent Murielle, Laureti Camilla, Lazarov Ilia, Lazarus Luis-Vicențiu, Leggeri Fabrice, Lenaers Jeroen, Leonardelli Julien, Lewandowski Janusz, Lexmann Miriam, Liese Peter, Lins Norbert, Loiseau Nathalie, Lopatka Reinhold, López Javi, López Aguilar Juan Fernando, López-Istúriz White Antonio, Lövin Isabella, Lucano Mimmo, Luena César, Łukacijewska Elżbieta Katarzyna, Lupo Giuseppe, McAllister David, Madison Jaak, Maestre Cristina, Magoni Lara, Maij Marit, Maląg Marlena, Manda Claudiu, Mandl Lukas, Maniatis Yannis, Mantovani Mario, Maran Pierfrancesco, Marczułajtis-Walczak Jagna, Mariani Thierry, Marino Ignazio Roberto, Marquardt Erik, Martins Catarina, Martusciello Fulvio, Marzà Ibáñez Vicent, Mato Gabriel, Matthieu Sara, Maydell Eva, Mayer Georg, Mazurek Milan, Mažylis Liudas, McNamara Michael, Mebarek Nora, Mehnert Alexandra, Meimarakis Vangelis, Mendes Ana Catarina, Mendia Idoia, Mertens Verena, Mesure Marina, Metsola Roberta, Metz Tilly, Mikser Sven, Milazzo Giuseppe, Millán Mon Francisco José, Minchev Nikola, Miranda Paz Ana, Molnár Csaba, Montero Irene, Montserrat Dolors, Morace Carolina, Morano Nadine, Moreira de Sá Tiago, Moreno Sánchez Javier, Moretti Alessandra, Motreanu Dan-Ştefan, Mularczyk Arkadiusz, Müller Piotr, Mullooly Ciaran, Mureşan Siegfried, Muşoiu Ştefan, Nagyová Jana, Nardella Dario, Navarrete Rojas Fernando, Nemec Matjaž, Nerudová Danuše, Nesci Denis, Neuhoff Hans, Neumann Hannah, Nevado del Campo Elena, Nica Dan, Niebler Angelika, Niedermayer Luděk, Niinistö Ville, Nikolaou-Alavanos Lefteris, Ní Mhurchú Cynthia, Noichl Maria, Nordqvist Rasmus, Novakov Andrey, Nykiel Mirosława, Obajtek Daniel, Ódor Ľudovít, Oetjen Jan-Christoph, Ohisalo Maria, Oliveira João, Omarjee Younous, Ó Ríordáin Aodhán, Orlando Leoluca, Ozdoba Jacek, Paet Urmas, Pajín Leire, Palmisano Valentina, Panayiotou Fidias, Papadakis Kostas, Papandreou Nikos, Pappas Nikos, Pascual de la Parte Nicolás, Paulus Jutta, Pedro Ana Miguel, Pedulla’ Gaetano, Pellerin-Carlin Thomas, Peltier Guillaume, Penkova Tsvetelina, Pennelle Gilles, Pereira Lídia, Pérez Alvise, Peter-Hansen Kira Marie, Petrov Hristo, Picaro Michele, Picula Tonino, Piera Pascale, Pietikäinen Sirpa, Pimpie Pierre, de la Pisa Carrión Margarita, Pokorná Jermanová Jaroslava, Polato Daniele, Polfjärd Jessica, Popescu Virgil-Daniel, Pozņaks Reinis, Prebilič Vladimir, Princi Giusi, Protas Jacek, Pürner Friedrich, Radev Emil, Radtke Dennis, Ratas Jüri, Razza Ruggero, Regner Evelyn, Repasi René, Repp Sabrina, Ressler Karlo, Reuten Thijs, Riba i Giner Diana, Ricci Matteo, Ridel Chloé, Riehl Nela, Ripa Manuela, Rodrigues André, Ros Sempere Marcos, Roth Neveďalová Katarína, Rougé André, Ruissen Bert-Jan, Rzońca Bogdan, Saeidi Arash, Salini Massimiliano, Salis Ilaria, Salla Aura, Sánchez Amor Nacho, Sanchez Julien, Sancho Murillo Elena, Saramo Jussi, Sardone Silvia, Šarec Marjan, Sargiacomo Eric, Satouri Mounir, Saudargas Paulius, Sbai Majdouline, Sberna Antonella, Schaldemose Christel, Schaller-Baross Ernő, Schenk Oliver, Scheuring-Wielgus Joanna, Schieder Andreas, Schilling Lena, Schneider Christine, Schwab Andreas, Scuderi Benedetta, Seekatz Ralf, Sell Alexander, Serrano Sierra Rosa, Sidl Günther, Sienkiewicz Bartłomiej, Sieper Lukas, Simon Sven, Singer Christine, Sinkevičius Virginijus, Sippel Birgit, Sjöstedt Jonas, Śmiszek Krzysztof, Smith Anthony, Smit Sander, Sokol Tomislav, Solier Diego, Solís Pérez Susana, Sommen Liesbet, Sonneborn Martin, Sorel Malika, Sousa Silva Hélder, Søvndal Villy, Squarta Marco, Staķis Mārtiņš, Stancanelli Raffaele, Ştefănuță Nicolae, Steger Petra, Stier Davor Ivo, Stöteler Sebastiaan, Stoyanov Stanislav, Strack-Zimmermann Marie-Agnes, Strada Cecilia, Streit Joachim, Strik Tineke, Strolenberg Anna, Sturdza Şerban Dimitrie, Stürgkh Anna, Sypniewski Marcin, Szczerba Michał, Szekeres Pál, Szydło Beata, Tamburrano Dario, Tânger Corrêa António, Tarczyński Dominik, Tarquinio Marco, Târziu Claudiu-Richard, Tegethoff Kai, Temido Marta, Teodorescu Georgiana, Terheş Cristian, Ter Laak Ingeborg, Terras Riho, Tertsch Hermann, Thionnet Pierre-Romain, Timgren Beatrice, Tinagli Irene, Tobback Bruno, Tobé Tomas, Tolassy Rody, Tomac Eugen, Tomašič Zala, Tomaszewski Waldemar, Tomc Romana, Tonin Matej, Toom Jana, Topo Raffaele, Tosi Flavio, Toussaint Marie, Tovaglieri Isabella, Tridico Pasquale, Tsiodras Dimitris, Turek Filip, Tynkkynen Sebastian, Uhrík Milan, Vaidere Inese, Valchev Ivaylo, Valet Matthieu, Van Brug Anouk, van den Berg Brigitte, Vandendriessche Tom, Van Dijck Kris, Van Lanschot Reinier, Van Leeuwen Jessika, Vannacci Roberto, Van Overtveldt Johan, Van Sparrentak Kim, Varaut Alexandre, Vasconcelos Ana, Vasile-Voiculescu Vlad, Vedrenne Marie-Pierre, Verheyen Sabine, Veryga Aurelijus, Vešligaj Marko, Vicsek Annamária, Vieira Catarina, Vigenin Kristian, Vilimsky Harald, Vincze Loránt, Vivaldini Mariateresa, Volgin Petar, von der Schulenburg Michael, Vondra Alexandr, Voss Axel, Vozemberg-Vrionidi Elissavet, Vrecionová Veronika, Vázquez Lázara Adrián, Waitz Thomas, Walsh Maria, Walsmann Marion, Warborn Jörgen, Warnke Jan-Peter, Wąsik Maciej, Wawrykiewicz Michał, Wcisło Marta, Wechsler Andrea, Weimers Charlie, Werbrouck Séverine, Wiesner Emma, Wiezik Michal, Wilmès Sophie, Winkler Iuliu, Winzig Angelika, Wiseler-Lima Isabel, Wiśniewska Jadwiga, Wolters Lara, Yar Lucia, Yoncheva Elena, Zacharia Maria, Zalewska Anna, Žalimas Dainius, Zarzalejos Javier, Zdechovský Tomáš, Zdrojewski Bogdan Andrzej, Zijlstra Auke, Zīle Roberts, Zingaretti Nicola, Złotowski Kosma, Zoido Álvarez Juan Ignacio, Zovko Željana, Zver Milan

    Excused:

    Hojsík Martin

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Payslip boost for millions as new minimum wage rates take effect

    Source: United Kingdom – Executive Government & Departments

    Press release

    Payslip boost for millions as new minimum wage rates take effect

    Over 3 million eligible workers set for a pay rise of up to £1,400 a year as new National Minimum Wage and National Living Wage rates take effect.

    • Pay rise worth an extra £1,400 per year for an eligible full-time worker delivered from today.
    • New rates put more money back into the pockets of working people, boosting productivity and ending low pay.
    • More money to be spent in Britain’s high streets, kickstarting growth as part of the Plan for Change.

    Eligible full-time workers are set for a pay boost of up to £117 from this month thanks to the Government’s increase in the National Living Wage, which comes into effect today. 

    The move – which delivers the Government’s pledge to increase living standards in the Plan for Change – will put more money straight into working people’s pockets.  

    Thanks to the decision made in the Autumn Budget, the uplift means more money can be spent on the high street to boost the local economy and help kickstart economic growth – the Government’s central mission in its Plan for Change.  

    The changes will also see a pay boost for Britain’s young people – with the National Minimum Wage for younger workers and apprentices seeing a record cash increase. 

    This is the first step towards removing the unfair minimum wage age-bands that see a 21-year-old getting paid more than a 20-year-old for doing the same job. 

    Already, the UK is second in the G7 in terms of the minimum wage relative to average wages for a full-time worker – ahead of the US, Germany and Japan. This makes it one of the most financially secure countries in the world for workers. 

    Deputy Prime Minister Angela Rayner said:  

    This pay rise for over 3 million of the lowest paid workers was a priority for this government and means we’re already giving hard working people more money in their pockets and a proper wage increase worth over twice the rate of inflation. 

    These changes are part of our Plan for Change – to raise living standards for people across the county, including apprentices and young people, giving them more job security and the huge pay boost they deserve too. 

    Chancellor of the Exchequer, Rachel Reeves, said:

    In the last Parliament, living standards were the worst on record and sky-high inflation was crushing working people’s finances.

    Today we have raised the national minimum and living wages, meaning the lowest paid will receive an annual pay boost of up to £2,500 – something that wouldn’t have happened without my Budget last year.

    Making work pay is good for workers, will strengthen businesses’ workforces, and will grow our economy for years to come. It’s a key milestone on my number one mission to get more money in people’s pockets as we deliver our Plan for Change.

    Business Secretary Jonathan Reynolds said:  

    We promised to make low pay a thing of the past. Now, as part of our Plan for Change and the biggest upgrade to worker’s rights in a generation, we are delivering that. 

    Low pay is not only bad for workers, it prevents them from spending on our high streets and allowing local businesses to achieve their full potential.  

    By ensuring that everyone gets a fair wage for the hours they work, we’re delivering the financial stability needed to kick-start economic growth and ensure our country is fit for the future.

    The Government is spending billions to support people suffering with the cost of living pressure that were inherited by the previous administration. This includes:  

    • £7.8 billion on State Pension spending, in line with the Triple Lock commitment so pensioners don’t get left behind
    • £3 billion to freeze the fuel duty – to help Britain’s drivers
    • £1 billion, including Barnett impact, to extend the Household Support Fund in England and Discretionary Housing Payments in England and Wales in 2025-2026
    • £460 million on Warm Homes – to help the poorest households heath their homes
    • £25 million boost for the carers allowance to better support people caring for a loved one.

    This is on top of the additional £7.8bn that the government is spending in 25/26 to protect the value of the state pension and to reflect changes in the population. 

    The Government is clear that the mission to grow the economy and raise living standards is a top priority and a strong economy can only be built when people have financial security whilst in work. 

    Recent research from ReWAGE and the University of Warwick shows that low pay can lead to mental health issues including depression, meaning more lost days and crippling productivity, leaving employers carrying the cost burden as well increasing costs to public services such as the NHS. 

    By putting more money into the pockets of the lowest paid, this increases workers’ financial security instead offering stability to help increase staff retention and lowering recruitment costs for businesses in the long run.   

    This uplift is an essential part of the Government’s plan for long-term national renewal and growth. 

    To ensure workers get the fairest deal, this rise is also the first that has taken into account the cost of living and inflation. 

    The uplift sits alongside the Employment Rights Bill, the most significant upgrade to workers’ rights in a generation, and commitments to improve economic stability, get Britain building again, kickstart a skills revolution and bring forward a modern industrial strategy, and a plan to tackle inactivity.   

    The Government recognises that businesses will need more support next year. Ahead of permanently lowering tax rates for high street retail, hospitality, and leisure (RHL) from 2026/27, we have prevented the current RHL relief from ending this April, extending it for one year to ensure that over 250,000 RHL properties see a full 40 per cent reduction on their liability, and we have frozen the small business multiplier. 

    Julian Richer, founder of both retailer Richer Sounds and the Good Business Charter said: 

    One of the best ways to increase living standards and productivity in the UK is to put more money straight into people’s pockets with a National Minimum Wage increase that can be spent in shops and the economy to boost growth.  

    From this increase we can expect to see employee morale, productivity and retention all going up and hopefully will benefit millions of workers. 

    TUC general secretary Paul Nowak said: 

    This increase in the national minimum wage will make a real difference to the lowest paid in this country and setting out a path to end the outdated and unfair youth rates will give young workers a boost up and down the country. 

    More money in working people’s pockets means more spend on our high streets – that’s good for workers and good for local economies. 

    Debbie Crosbie, CEO, Nationwide said: 

    The Government’s Plan for Change is a welcome and clear plan for growing the economy, strengthening businesses and supporting employees.  

    Eliminating low pay will make sure that everyone shares in the progress the country makes.  

    Nationwide has long championed the national minimum and living wage and we welcome this focus on improving living standards and boosting productivity.

    Peter Jelkelby, Chief Executive and Chief Sustainability Officer, IKEA UK and Ireland said: 

    People are at the heart of IKEA’s success, and we recognise the challenges they face from inflationary pressures and rises in the cost of living.  

    Businesses rely on a skilled, engaged and committed workforce, so ensuring that wages reflect the cost of living is the right route to providing that.

    Centrica Group Chief Executive, Chris O’Shea, said:  

    A strong, sustainable economy needs wages that rise in line with productivity and needs to ensure people can live well.  

    As a Real Living Wage employer, we applaud this uplift in the National Minimum Wage for the millions of workers who will power the country’s economic growth. Government and business need to work together to drive prosperity to ensure workers get their fair share and to reduce inequality and raising living standards. 

    With the right policy choices—particularly in our energy sector—we have a vital opportunity to unlock billions of pounds of investment, boost growth and productivity, while creating thousands more well-paid jobs across the UK.

    Danielle Harmer, Chief People Officer, Aviva said: 

    We’re proud to be a real Living Wage Employer in the UK, including for our contractors and suppliers who work on our sites.  

    Supporting our colleagues to thrive is good for them, our business, and our customers.

    Nicola Ryan, Director of Colleague Support at One+All in Greater Manchester, said:  

     
    “We are very pleased with the increase to the National Minimum and Living Wage.

    “This is great news for the millions of lower paid workers, as we know far too many working parents and their children are in poverty.

    “We know that employees who have less financial stress do a much better job which leads to higher productivity and customer satisfaction.”

    Notes to editors:   

    • The changes from 1 April mean:
    • The National Living Wage for those aged 21 and over will rise from £11.44 per hour to £12.21 per hour.
    • The National Minimum Wage for 18- to 20-year-olds rises from £8.60 to £10.00 per hour.
    • The apprenticeship rate, and for 16- to 17-year-olds rises from £6.40 per hour to £7.55 per hour.
    • If someone is concerned that they’re not being paid the correct wage, they should speak to their employer. If the problem is not resolved, they can contact Acas (the Advisory, Conciliation and Arbitration Service) by phoning 0300 123 1122, or complain to HMRC in confidence using the link www.gov.uk/minimum-wage-complaint. HMRC looks into every single complaint.
    • You can report possible underpayment of the National Minimum Wage to the ACAS Helpline and also online to HM Revenue and Customs (HMRC):
    • https://www.gov.uk/pay-and-work-rights
    • https://www.gov.uk/government/publications/pay-and-work-rights-complaints
    • Workers and employers in Northern Ireland can contact the Labour Relations Agency helpline on 03300 555 300 (Monday to Friday, 9am to 5pm) or their website: www.lra.org.uk.
    • As of 2023, the UK had the second highest minimum wage bite of the G7 countries, that is the ratio of the minimum wage relative to median wages for a full-time worker. The OECD estimate that the bite of the minimum wage in the UK was around 60%, behind France (62%), and ahead of Germany (52%), Canada (50%), Japan (46%) and the USA (26%).

    Updates to this page

    Published 1 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Victim Observers – National roll-out on 1 April 2025

    Source: United Kingdom – Executive Government & Departments

    Press release

    Victim Observers – National roll-out on 1 April 2025

    As of today, victim observation of oral hearings will be rolled out across all regions of England and Wales.

    The Parole Board is committed to treating victims and survivors with humanity and respect.   

    We are pleased to confirm that today the ability for victims and survivors to apply to observe a Parole Board oral hearing will be rolled out nationally, across England and Wales, after a robust pilot in two probation regions. 

    Since the pilot launched in late 2022, 59 hearings were observed by victims and survivors. The pilot has allowed us to develop the approach with our stakeholders based on the victim experience.  

    Victims and survivors across England and Wales will now have the important right to apply to the Parole Board to observe a private oral hearing.  We greatly value victim and survivor participation in the parole process though we recognise that it has the potential to be daunting and can be a difficult process to navigate. The opportunity to observe a parole hearing provides victims and survivors with access to vital information about the prisoner and how parole panels assess their risk.  

    Cecilia French, CEO of the Parole Board said: 

    “I understand just how important access to information is to victims and survivors. This is a crucial step towards achieving this and will play a part in our wider objective of achieving greater transparency of parole, while ensuring the process remains fair and effective”. 

    The Parole Board is an independent body that carries out risk assessments on prisoners to determine whether they can be safely released into the community. Over 300 independent Parole Board members, who are experts in risk assessment, make these decisions. Although panels are keenly interested in the impact of the offence on the victims and/or survivors, they legally play no role in the punitive element of a sentence. Our role is not to determine whether the punishment imposed by the court is appropriate; our sole focus is to assess risk of reoffending which may cause serious harm.  

    It is hoped by providing victims and survivors with the opportunity to observe parole proceedings, they will have a greater understanding of our remit and why we make the decisions that we do. Additionally, we hope that they will be reassured by how robust the process is, and how seriously the Parole Board carries out its role of protecting the public.    

    It is important to us that victims and survivors are aware of their rights. The following page summarises Our Commitment to Victims of Crime including how victims and survivors can apply to observe a private oral hearing. In Spring of this year we will be launching a new leaflet and video to assist victims and survivors to understand what they are entitled to and how they can access those entitlements.  

    Updates to this page

    Published 1 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI: CREDIT AGRICOLE S.A. ANNOUNCES REDEMPTION OF EUR 1,500,000,000 Senior Non-Preferred Fixed to Floating Rate Notes issued on April 22, 2020 (ISIN: FR0013508512)

    Source: GlobeNewswire (MIL-OSI)

    Montrouge, April 1, 2025

    CREDIT AGRICOLE S.A. ANNOUNCES REDEMPTION OF

    EUR 1,500,000,000 Senior Non-Preferred Fixed to Floating Rate Notes issued on April 22, 2020 (ISIN: FR0013508512)*

    Crédit Agricole S.A. (the “Issuer”) announces today the redemption (the “Redemption”) with effect on April 22, 2025 (the “Redemption Date”) of all of its outstanding EUR 1,500,000,000 Senior Non-Preferred Fixed to Floating Rate Notes issued on April 22, 2020 (ISIN: FR0013508512) (the “Notes”) pursuant to Condition 6(e) (Redemption at the Option of the Issuer) of the terms and conditions of the Notes (the “Terms and Conditions”) included in the base prospectus dated April 9, 2020, which was granted the visa n°20-136 by the Autorité des marchés financiers on April 9, 2020 (as further amended and supplemented, the “Base Prospectus”) at the outstanding nominal amount thereof, together with any accrued interest thereon (the “Redemption Amount”).

    On the Redemption Date, the Redemption Amount shall become due and payable and, in accordance with Condition 5(h) (Accrual of Interest) of the Terms and Conditions, unless the Redemption Amount is improperly withheld or refused, each Note shall cease to bear interest on the Redemption Date.

    The terms and modalities of the Redemption are set out in the notice to the holders of the Notes appended to this press release.

    For further information on Crédit Agricole S.A., please see Crédit Agricole S.A.’s website: https://www.credit-agricole.com/en/finance

    DISCLAIMER

    This press release does not constitute an offer to buy or the solicitation of an offer to sell the Notes in the United States of America, Canada, Australia or Japan or in any other jurisdiction. The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions.

    No communication or information relating to the redemption of the Notes may be distributed to the public in a country where a registration obligation or an approval is required. No action has been or will be taken in any country where such action would be required. The redemption of the Notes may be subject to specific legal and regulatory restrictions in certain jurisdictions; Crédit Agricole S.A. accepts no liability in connection with a breach by any person of such restrictions.

    This press release is an advertisement; and none of this press release, any notice or any other document or material made public and/or delivered, or which may be made public and/or delivered to the holders of the Notes in connection with the redemption of the Notes is or is intended to be a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council dated 14 June 2017 (as amended, the “Prospectus Regulation”). No prospectus will be published in connection with the redemption of the Notes for the purposes of the Prospectus Regulation.

    This press release does not, and shall not, in any circumstances, constitute an offer to the public of Notes by Crédit Agricole S.A. nor an invitation to the public in connection with any offer in any jurisdiction, including France.

    * The ISIN number is included solely for the convenience of the holders of the Notes. No representation is being made as to the correctness or accuracy of the ISIN number as contained herein.

    CRÉDIT AGRICOLE S.A. PRESS CONTACT

    Alexandre Barat        + 33 1 57 72 12 19        
    alexandre.barat@credit-agricole-sa.fr
    Olivier Tassain        + 33 1 43 23 25 41        olivier.tassain@credit-agricole-sa.fr

    Find our press release on: www.credit-agricole.com – www.creditagricole.info

    Crédit_Agricole Groupe Crédit Agricole créditagricole_sa

    ANNEX

    NOTICE OF FULL REDEMPTION
    TO THE NOTEHOLDERS OF

    CREDIT AGRICOLE S.A.
    EUR 1,500,000,000 Senior Non-Preferred Fixed to Floating Rate Notes due April 2026

    ISIN: FR0013508512

    Notice is hereby given that all of the outstanding EUR 1,500,000,000 Senior Non-Preferred Fixed to Floating Rate Notes due April 2026 (the “Notes”) issued by Crédit Agricole S.A. (the “Issuer”) on April 22, 2020 (ISIN: FR0013508512) will be redeemed by the Issuer pursuant to Condition 6(e) (Redemption at the Option of the Issuer) of the terms and conditions of the Notes (the “Terms and Conditions”) included in the base prospectus dated April 9, 2020, which was granted the visa n°20-136 by the Autorité des marchés financiers on April 9, 2020 (as further amended and supplemented, the “Base Prospectus”) on April 22, 2025 (the “Redemption Date”) at 100% of the outstanding nominal amount thereof, together with any accrued interest thereon (the “Redemption Amount”).

    On the Redemption Date, the Redemption Amount shall become due and payable and, in accordance with Condition 5 (h) (Accrual of Interest) of the Terms and Conditions, unless the Redemption Amount is improperly withheld or refused, each Note shall cease to bear interest on the Redemption Date. Payment of the Redemption Amount shall be made in accordance with Condition 7 (Payments) of the Terms and Conditions.

    Date: April 1, 2025        By: Crédit Agricole S.A.

    Attachment

    The MIL Network –

  • MIL-OSI: CoinShares Publishes 2024 Annual Report

    Source: GlobeNewswire (MIL-OSI)

     1 April 2025 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or the “Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European investment company specialising in digital assets, today published its 2024 Annual Report. 

    The report includes the audited financial statements for the year ending 31 December 2024.

    The full report can be found here.

    2024 Financial Highlights

    Total revenue, gains and other income of £126.5 million (2023: £79.5 million), of which:

    • Asset Management fees of £87.2 million (2023: £43.0 million)
    • Capital Markets gains and other income of £57.0 million (2023: £32.8 million)
    • Principal Investment loss of £17.7 million (2023: gain of £3.7 million) 

    EBITDA of £109.5 million (2023: £50.9 million)

    Total comprehensive income for the year of £107.2 million (2023: £38.4 million)

    Net asset position of the Group as of 31 December 2024 of £314.0 million (December 2023: £239.2 million)

    About CoinShares
    CoinShares is a leading global investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

    For more information on CoinShares, please visit: https://coinshares.com
    Company | +44 (0)1534 513 100 | enquiries@coinshares.com
    Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

    PRESS CONTACT

    CoinShares                                                              M Group Strategic Communications
    Benoit Pellevoizin                                                     Peter Padovano
    bpellevoizin@coinshares.com                                  press@coinshares.com
    +33 6 72 44 07 17

    This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 07:00 BST on Tuesday, 1 April 2025.

    The MIL Network –

  • MIL-OSI: Cosmian and Eviden join forces to offer a sovereign encryption key management solution

    Source: GlobeNewswire (MIL-OSI)

    Paris, April 1, 2025 – During the International Cybersecurity Forum (FIC), Cosmian, a French deeptech specializing in securing sensitive data, announces a strategic partnership with Eviden (Atos Group), a European leader in cybersecurity and advanced digital technologies. This partnership gives rise to a joint offering integrating the power of Eviden’s sovereign HSMs (hardware security modules) with Cosmian’s high-performance, crypto-agile KMS (key management system).

    A sovereign, agile response to the most critical security challenges

    This new solution guarantees total control of encryption keys thanks to a 100% sovereign infrastructure, while offering enhanced security in line with the highest standards, for cloud, hybrid or on-premises environments.

    Native integration between certified HSM and crypto-agile KMS enables organizations, particularly those subject to stringent regulatory obligations, to benefit from an unrivalled level of security, without compromising scalability and operational flexibility.

    “This partnership with Eviden marks a key milestone in our mission to enable French and European companies to retain control over their most sensitive data, whatever their deployment environment, thanks to Cosmian’s cutting-edge cryptography,” said Sandrine Murcia, CEO and co-founder of Cosmian.

    “This fully sovereign encryption solution demonstrates our commitment to providing enterprises with maximum security while meeting their need for agility. This partnership combines the best of both worlds: our fortress-like Trustway Proteccio™ HSM and the advanced performance of Cosmian KMS” highlighted Antoine Schweitzer-Chaput, Director of the Trustway range at Eviden, Atos Group.  “In this way, we ensure that companies operating in highly regulated sectors have maximum security for their encryption keys and complete control over their data, while optimizing their performance and growth potential,” he added.

    ***

    About Cosmian

    Since 2018, Cosmian has been at the forefront of next-generation cryptography, delivering cutting-edge solutions for securing the public cloud and confidential AI. Our suite of data protection solutions suite, including massive on-the-fly encryption/decryption, confidential virtual machines in the cloud, confidential computing, confidential AI, searchable encryption, empowers organizations to take full control of their data security across both on-premises and cloud environments.

    For more information, visit cosmian.com

    Media contact – Raoul Agency

    Sibylle de Villeneuve – sibylle@agenceraoul.com – +33 (0)6 45 29 58 57

    About Eviden

    Eviden is a next-gen technology leader in data-driven, trusted and sustainable digital transformation with a strong portfolio of patented technologies. With worldwide leading positions in advanced computing, security, AI, cloud and digital platforms, it provides deep expertise for all industries in more than 47 countries. Bringing together 41,000 world-class talents, Eviden expands the possibilities of data and technology across the digital continuum, now and for generations to come. Eviden is an Atos Group company with an annual revenue of c. € 5 billion.

    Attachment

    The MIL Network –

  • MIL-OSI: Amundi and Victory Capital become strategic partners

    Source: GlobeNewswire (MIL-OSI)

    Amundi and Victory Capital become strategic partners

    Amundi and Victory Capital today announce the closing of their previously announced transaction.

    In line with the agreement announced on 9 July 20241:

    • Amundi US has been combined with Victory Capital which is now managing close to $300bn2 of assets
    • Amundi has become a strategic shareholder of Victory Capital
    • Amundi and Victory Capital have entered into 15-year distribution reciprocal agreements, which are now effective.

    Under these distribution agreements, Amundi will distribute Victory Capital’s US-manufactured active asset management products outside of the US. Additionally, Amundi will be the supplier of non-US manufactured products for Victory Capital’s distribution in the US.

    As consideration for the Amundi US business, Amundi received a total of 17.6 million shares at closing, or 21.2% of equity3 in Victory Capital.  As the post-closing transaction adjustments progress and in accordance with the contribution agreement, we anticipate Amundi’s total equity interest to reach 26.1%3 in the following months.

    The transaction, which does not include any cash consideration, is expected to result in a material increase in the contribution from US operations to Amundi’s results, leading to a low single-digit accretion of the adjusted net income and EPS of Amundi.

    Valérie Baudson, Chief Executive Officer of Amundi, commented: “Thanks to this transaction with Victory Capital, Amundi’s clients can access a broader range of high-performing US investment solutions, while we are looking forward to providing Victory Capital’s clients with Amundi’s expertise and products. With this value-creating deal, Amundi has strengthened its presence in the US via a larger US investment and distribution platform.”

    Press contacts:        
    Natacha Andermahr 
    Tel. +33 1 76 37 86 05
    natacha.andermahr@amundi.com 

    Corentin Henry
    Tel. +33 1 76 36 26 96
    corentin.henry@amundi.com

    Investor contacts:
    Cyril Meilland, CFA
    Tel. +33 1 76 32 62 67
    cyril.meilland@amundi.com 

    Thomas Lapeyre
    Tel. +33 1 76 33 70 54
    thomas.lapeyre@amundi.com 

    Annabelle Wiriath

    Tel. + 33 1 76 32 43 92

    annabelle.wiriath@amundi.com

    DISCLAIMER
    “This document does not constitute an offer or invitation to sell or purchase, or any solicitation of any offer to purchase or subscribe for, any securities of Amundi in the United States of America or in France. Securities may not be offered, subscribed or sold in the United States of America absent registration under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements thereof. The securities of Amundi have not been and will not be registered under the U.S. Securities Act and Amundi does not intend to make a public offer of its securities in the United States of America or in France.
    This document may contain forward looking statements concerning Amundi’s financial position and results. The data provided do not constitute a profit “forecast” or “estimate” as defined in Commission Delegated Regulation (EU) 2019/980.
    These forward looking statements include projections and financial estimates based on scenarios that employ a number of economic assumptions in a given competitive and regulatory context, assumptions regarding plans, objectives and expectations in connection with future events, transactions, products and services, and assumptions in terms of future performance and synergies. By their very nature, they are therefore subject to known and unknown risks and uncertainties, which could lead to their non-fulfilment. Consequently, no assurance can be given that these forward looking statement will come to fruition, and Amundi’s actual financial position and results may differ materially from those projected or implied in these forward looking statements. In particular, no assurance can be given that the expected benefits, or impact on Victory Capital’s and Amundi’s respective businesses, of the proposed transaction, including expected synergies, will be achieved; other risks relating to the expected benefits or impact of the transaction on Victory Capital’s and Amundi’s respective businesses are contained in their respective public filings.
    Amundi undertakes no obligation to publicly revise or update any forward looking statements provided as at the date of this document. Risks that may affect Amundi’s financial position and results are further detailed in the “Risk Factors” section of our Universal Registration Document filed with the French Autorité des Marchés Financiers. The reader should take all these uncertainties and risks into consideration before forming their own opinion.
    The figures set out in this document have been prepared in accordance with applicable prudential regulations and IFRS guidelines, as adopted by the European Union and applicable at that date.
    Unless otherwise specified, sources for rankings and market positions are internal. The information contained in this document, to the extent that it relates to parties other than Amundi or comes from external sources, has not been verified by a supervisory authority or, more generally, subject to independent verification, and no representation or warranty has been expressed as to, nor should any reliance be placed on, the fairness, accuracy, correctness or completeness of the information or opinions contained herein. Neither Amundi nor its representatives can be held liable for any decision made, negligence or loss that may result from the use of this document or its contents, or anything related to them, or any document or information to which this document may refer.
    The sum of values set out in the tables and analyses may differ slightly from the total reported due to rounding.”

    About Amundi

    Amundi, the leading European asset manager, ranking among the top 10 global players4, offers its 100 million clients – retail, institutional and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2.2 trillion of assets5.

    With its six international investment hubs6, financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

    Amundi clients benefit from the expertise and advice of 5,500 employees in 35 countries.

    Amundi, a trusted partner, working every day in the interest of its clients and society

    www.amundi.com   

    1 See press release available on https://about.amundi.com
    2Figure as of February 28,2025
    34.9% of voting rights
    4Source: IPE “Top 500 Asset Managers” published in June 2024, based on assets under management as at 31/12/2023
    5Amundi data as at 31/12/2024
    6Boston, Dublin, London, Milan, Paris and Tokyo

    Attachment

    The MIL Network –

  • MIL-Evening Report: Why do I get headaches when I exercise, even when I drink lots of water?

    Source: The Conversation (Au and NZ) – By Hunter Bennett, Lecturer in Exercise Science, University of South Australia

    Jacob Lund/Shutterstock

    Getting a headache during or after exercise can be seriously frustrating – especially if you have kept hydrated to try and stop them from happening.

    But why do these headaches occur? And does keeping hydrated make any difference?

    What are exercise headaches?

    Exercise headaches (also known as “exertional headaches”) are exactly what they sound like: headaches that occur either during, or after, exercise.

    French doctor Jules Tinel first reported these headaches in the medical literature in 1932 and they’ve been a regular point of discussion since.

    Exercise headaches commonly present as a throbbing pain on both sides of the head. They most often occur after strenuous exercise – although what is considered “strenuous” can differ between people, depending on their fitness levels. They can last anywhere from a few minutes to a couple of days.

    Exercise headaches are thought to impact about 12% of adults, although this number varies from 1% all the way up to 26% across individual studies.

    In most circumstances, these headaches are harmless and will resolve on their own, over time. Some research suggests you will stop getting them after a few months of starting a new type of workout.

    But while they are usually harmless, they can sometimes signal an underlying condition that requires medical attention.

    What causes exercise headaches?

    Despite a good amount of research looking at exertional headaches, we don’t know their exact cause, but we do think we know why they occur.

    The leading theory suggests they are caused by changes in blood flow to the brain. During intense exercise, blood vessels in the brain dilate, increasing blood flow and pressure, leading to pain.

    Because long-term exercise improves our cardiovascular health, including our ability to dilate and constrict our blood vessels, this theory makes sense when we consider that exercise headaches tend to resolve themselves over time. This might explain why research suggests fitter people are less likely to get exercise headaches.

    People with migraines appear more likely to experience exercise headaches, which are thought to be caused by this same mechanism.

    Does heat and dehydration cause exercise headaches?

    There is evidence suggesting that exercise headaches are more likely to occur in the heat.

    Your brain cannot dissipate heat by sweating like the rest of your body can. So when it’s hot, your body has to increase blood flow to the brain to help bring down its temperature, which can increase pressure.

    Exercise headaches might not be as bad when you’re hydrated.
    ME Image/Shutterstock

    Similarly, exercise headaches also seem to get worse, and occur more often, when people are dehydrated.

    However, we are not sure why this happens. Some research has shown that dehydration results in increased strain during exercise. As such, dehydration might not necessarily cause the headache, but make it more likely to occur.

    Red flags: when to see a doctor

    Most exercise headaches resolve themselves after a few hours and result in no lasting negative effects.

    In some rare instances, they could be sign of something more serious occurring in the brain, such as a subarachnoid haemorrhage (a bleed between the brain and the tissues that cover it), reversible cerebral vasoconstriction syndrome (a spasming of blood vessels), cervical artery dissection (or tear), intracranial hypertension (pressure in the brain), or an infection.

    See a doctor to rule out anything serious if:

    • it’s your first exercise headache
    • the headache is severe and sudden (also known as a thunderclap headache)
    • it’s accompanied by other symptoms such as vision changes, confusion, or sensations of weakness
    • you experience a stiff neck, nausea, or vomiting with your headache
    • it lasts for more than 24 hours and doesn’t seem to be getting better.

    Can you prevent exercise headaches?

    There is no surefire way to prevent exercise headaches.

    But a recent review suggests that ensuring you’re adequately hydrated and gradually warm-up to your desired exercise intensity can make them less likely to occur.

    Give your body time to adapt.
    Gorgev/Shutterstock

    Beyond this, you may wish to keep your exercise intensity in a light-to moderate range for a couple of months. This will give your cardiovascular system some time to adapt before trying more strenuous exercise, hopefully reducing the likelihood of getting exercise headaches at all.

    Exercise headaches are annoying, but are generally harmless and should subside on their own over time.

    Hunter Bennett 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. Why do I get headaches when I exercise, even when I drink lots of water? – https://theconversation.com/why-do-i-get-headaches-when-i-exercise-even-when-i-drink-lots-of-water-253039

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: From Rongelap to Mejatto – how Rainbow Warrior helped move nuclear refugees

    The second of a two-part series on the historic Rongelap evacuation of 300 Marshall islanders from their irradiated atoll with the help of the Greenpeace flagship Rainbow Warrior crew and the return of Rainbow Warrior III 40 years later on a nuclear justice research mission. Journalist and author David Robie, who was on board, recalls the 1985 voyage.

    SPECIAL REPORT: By David Robie

    Mejatto, previously uninhabited and handed over to the people of Rongelap by their close relatives on nearby Ebadon Island, was a lot different to their own island. It was beautiful, but it was only three kilometres long and a kilometre wide, with a dry side and a dense tropical side.

    A sandspit joined it to another small, uninhabited island. Although lush, Mejatto was uncultivated and already it was apparent there could be a food problem.Out on the shallow reef, fish were plentiful.

    Shortly after the Rainbow Warrior arrived on 21 May 1985, several of the men were out wading knee-deep on the coral spearing fish for lunch.

    Islanders with their belongings on a bum bum approach the Rainbow Warrior. © David Robie/Eyes of Fire

    But even the shallowness of the reef caused a problem. It made it dangerous to bring the Warrior any closer than about three kilometres offshore — as two shipwrecks on the reef reminded us.

    The cargo of building materials and belongings had to be laboriously unloaded onto a bum bum (small boat), which had also travelled overnight with no navigational aids apart from a Marshallese “wave map’, and the Zodiacs. It took two days to unload the ship with a swell making things difficult at times.

    An 18-year-old islander fell into the sea between the bum bum and the Warrior, almost being crushed but escaping with a jammed foot.

    Fishing success on the reef
     The delayed return to Rongelap for the next load didn’t trouble Davey Edward. In fact, he was celebrating his first fishing success on the reef after almost three months of catching nothing. He finally landed not only a red snapper, but a dozen fish, including a half-metre shark!

    Edward was also a good cook and he rustled up dinner — shark montfort, snapper fillets, tuna steaks and salmon pie (made from cans of dumped American aid food salmon the islanders didn’t want).

    Returning to Rongelap, the Rainbow Warrior was confronted with a load which seemed double that taken on the first trip. Altogether, about 100 tonnes of building materials and other supplies were shipped to Mejatto. The crew packed as much as they could on deck and left for Mejatto, this time with 114 people on board. It was a rough voyage with almost everybody being seasick.

    The journalists were roped in to clean up the ship before returning to Rongelap on the third journey.

    ‘Our people see no light, only darkness’
     Researcher Dr Glenn Alcalay (now an adjunct professor of anthropology at William Paterson University), who spoke Marshallese, was a great help to me interviewing some of the islanders.

    “It’s a hard time for us now because we don’t have a lot of food here on Mejatto — like breadfruit, taro and pandanus,” said Rose Keju, who wasn’t actually at Rongelap during the fallout.

    “Our people feel extremely depressed. They see no light, only darkness. They’ve been crying a lot.

    “We’ve moved because of the poison and the health problems we face. If we have honest scientists to check Rongelap we’ll know whether we can ever return, or we’ll have to stay on Mejatto.”

    Kiosang Kios, 46, was 15 years old at the time of Castle Bravo when she was evacuated to “Kwaj”.

    “My hair fell out — about half the people’s hair fell out,” she said. “My feet ached and burned. I lost my appetite, had diarrhoea and vomited.”

    In 1957, she had her first baby and it was born without bones – “Like this paper, it was flimsy.” A so-called ‘jellyfish baby’, it lived half a day. After that, Kios had several more miscarriages and stillbirths. In 1959, she had a daughter who had problems with her legs and feet and thyroid trouble.

    Out on the reef with the bum bums, the islanders had a welcome addition — an unusual hardwood dugout canoe being used for fishing and transport. It travelled 13,000 kilometres on board the Rainbow Warrior and bore the Sandinista legend FSLN on its black-and-red hull. A gift from Bunny McDiarmid and Henk Haazen, it had been bought for $30 from a Nicaraguan fisherman while they were crewing on the Fri. (Bunny and Henk are on board Rainbow Warrior III for the research mission).

    “It has come from a small people struggling for their sovereignty against the United States and it has gone to another small people doing the same,” said Haazen.

    Animals left behind
     Before the 10-day evacuation ended, Haazen was given an outrigger canoe by the islanders. Winched on to the deck of the Warrior, it didn’t quite make a sail-in protest at Moruroa, as Haazen planned, but it has since become a familiar sight on Auckland Harbour.

    With the third load of 87 people shipped to Mejatto and one more to go, another problem emerged. What should be done about the scores of pigs and chickens on Rongelap? Pens could be built on the main deck to transport them to Mejatto but was there any fodder left for them?

    The islanders decided they weren’t going to run a risk, no matter how slight, of having contaminated animals with them. They were abandoned on Rongelap — along with three of the five outriggers.

    Building materials from the demolished homes on Rongelap dumped on the beach at arrival on Mejatto. Image: © David Robie/Eyes of Fire

    “When you get to New Zealand you’ll be asked have you been on a farm,” warned French journalist Phillipe Chatenay, who had gone there a few weeks before to prepare a Le Point article about the “Land of the Long White Cloud and Nuclear-Free Nuts”.

    “Yes, and you’ll be asked to remove your shoes. And if you don’t have shoes, you’ll be asked to remove your feet,” added first mate Martini Gotjé, who was usually barefooted.

    The last voyage on May 28 was the most fun. A smaller group of about 40 islanders was transported and there was plenty of time to get to know each other.

    Four young men questioned cook Nathalie Mestre: where did she live? Where was Switzerland? Out came an atlas. Then Mestre produced a scrapbook of Fernando Pereira’s photographs of the voyage. The questions were endless.

    They asked for a scrap of paper and a pen and wrote in English:

    “We, the people of Rongelap, love our homeland. But how can our people live in a place which is dangerous and poisonous. I mean, why didn’t those American people test Bravo in a state capital? Why? Rainbow Warrior, thank you for being so nice to us. Keep up your good work.”

    Each one wrote down their name: Balleain Anjain, Ralet Anitak, Kiash Tima and Issac Edmond. They handed the paper to Mestre and she added her name. Anitak grabbed it and wrote as well: “Nathalie Anitak”. They laughed.

    Greenpeace photographer Fernando Pereira and Rongelap islander Bonemej Namwe on board a bum bum boat in May 1985. Fernando was killed by French secret agents in the Rainbow Warrior bombing on 10 July 1985. Image: © David Robie/Eyes of Fire

    Fernando Pereira’s birthday
     Thursday, May 30, was Fernando Pereira’s 35th birthday. The evacuation was over and a one-day holiday was declared as we lay anchored off Mejato.

    Pereira was on the Pacific voyage almost by chance. Project coordinator Steve Sawyer had been seeking a wire machine for transmitting pictures of the campaign. He phoned Fiona Davies, then heading the Greenpeace photo office in Paris. But he wanted a machine and photographer separately.

    “No, no … I’ll get you a wire machine,” replied Davies. ‘But you’ll have to take my photographer with it.” Agreed. The deal would make a saving for the campaign budget.

    Sawyer wondered who this guy was, although Gotjé and some of the others knew him. Pereira had fled Portugal about 15 years before while he was serving as a pilot in the armed forces at a time when the country was fighting to retain colonies in Angola and Mozambique. He settled in The Netherlands, the only country which would grant him citizenship.

    After first working as a photographer for Anefo press agency, he became concerned with environmental and social issues. Eventually he joined the Amsterdam communist daily De Waarheid and was assigned to cover the activities of Greenpeace. Later he joined Greenpeace.

    Although he adopted Dutch ways, his charming Latin temperament and looks betrayed his Portuguese origins. He liked tight Italian-style clothes and fast sports cars. Pereira was always wide-eyed, happy and smiling.

    In Hawai`i, he and Sawyer hiked up to the crater at the top of Diamond Head one day. Sawyer took a snapshot of Pereira laughing — a photo later used on the front page of the New Zealand Times after his death with the bombing of the Rainbow Warrior by French secret agents.

    While most of the crew were taking things quietly and the “press gang” caught up on stories, Sawyer led a mini-expedition in a Zodiac to one of the shipwrecks, the Palauan Trader. With him were Davey Edward, Henk Haazen, Paul Brown and Bunny McDiarmid.

    Clambering on board the hulk, Sawyer grabbed hold of a rust-caked railing which collapsed. He plunged 10 metres into a hold. While he lay in pain with a dislocated shoulder and severely lacerated abdomen, his crewmates smashed a hole through the side of the ship. They dragged him through pounding surf into the Zodiac and headed back to the Warrior, three kilometres away.

    “Doc” Andy Biedermann, assisted by “nurse” Chatenay, who had received basic medical training during national service in France, treated Sawyer. He took almost two weeks to recover.

    But the accident failed to completely dampen celebrations for Pereira, who was presented with a hand-painted t-shirt labelled “Rainbow Warrior Removals Inc”.

    Pereira’s birthday was the first of three which strangely coincided with events casting a tragic shadow over the Rainbow Warrior’s last voyage.

    Dr David Robie is an environmental and political journalist and author, and editor of Asia Pacific Report. He travelled on board the Rainbow Warrior for almost 11 weeks. This article is adapted from his 1986 book, Eyes of Fire: The Last Voyage of the Rainbow Warrior. A new edition is being published in July to mark the 40th anniversary of the bombing. 

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: SCHUMER REVEALS: THIS WEEK CONGRESS WILL TAKE FINAL VOTE TO RAISE ‘JUNK’ BANK FEES—STARTING WITH OVERDRAFT FEES—FROM $5 TO $35, COSTING CONSUMERS HUNDREDS; CHAIRS OF HOUSE FINANCE & SENATE BANKING…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer
    Schumer Exposes Final Leg Of Quiet Plan In House Financial Services & Senate Banking To Overturn CFPB Rule Limiting Excessive Bank Fees, That Would Cost New York Households More—Because Most Upstate NY Residents Have Bank Account 
    Plan To Overturn CFPB Overdraft Fee Rule Would Allow Banks To Extract $5 Billion In Excessive Fees – But, WORSE, Would Open Door To Even More Fees Across NY; Schumer Announces Full Opposition, Urges NY House Republicans To Vote “NO” On Tuesday 
    Schumer: Quiet Plan To Side With Big Banks Over Families Could Mean A Waterfall Of Fees That Would Drown New Yorkers With More Costs
    Amidst the anti-consumer, pro-big bank effort to dismantle the Consumer Financial Protection Bureau (CFPB), U.S. Senator Chuck Schumer revealed and exposed the FINAL leg of Congressional Republicans’ quiet plan to raise Americans’ bank fees, that will drive up unwanted fees for millions of Upstate New Yorkers. Schumer explained that Congressional Republicans will try to seal the deal to protect financial special interests with a vote on Tuesday when the House will vote to overturn the Consumer Financial Protection Bureau’s (CFPB) overdraft fee rule that caps most big bank overdraft fees at just $5.
    “Republicans’ quiet plan to side with big banks against the little guy and working families could mean a waterfall of fees for Upstate New Yorkers already struggling to make ends meet,” said Senator Schumer. “Working families have been ripped off by abusive bank fees and practices in the past, and the CFPB’s rule is about protecting hard-working families, not charging them more. So I urge my GOP colleagues to reverse course here and reject overturning this overdraft rule to put money back in people’s pockets and out of the hands of big predatory banks. If the Republicans let this one fee fly, a waterfall of fees will follow, and it is New Yorkers that will feel the brunt.”
    Schumer railed against this effort because it could hurt middle-class New Yorkers the hardest, given the number of consumer bank accounts in New York, which is higher than the national average. The rule would save upwards of $5 billion in excessive overdraft fees that millions of households pay. Overturning the rule, as proposed by the Republicans, would cost households an average of at least $225 each year, but MUCH more in New York, Schumer emphasized. Schumer said that some banks take billions of dollars a year from families and seniors that can least afford it. He said the banks don’t need to charge fees like this and that this effort to let fees run wild will open the door to even more excessive bank fees across Upstate New York.
    Schumer announced his opposition and is sounding the alarm on the clandestine pro-big bank GOP plan. Schumer said that the CFPB’s overdraft fee rule is designed to protect regular people from being ripped off by predatory bank fees. He urged the House Republicans to reject overturning the CFPB’s overdraft rule and to protect hard-working families instead of taking their hard-earned money to benefit big banks quietly and behind their backs.
    Last month, House Financial Service Committee Chairman French Hill (R-AR) and Senate Banking Committee Chairman Tim Scott (R-SC) introduced Congressional Review Act (CRA) resolutions to overturn the Consumer Financial Protection Bureau’s (CFPB) rule capping overdraft fees, and the Senate GOP green-lit it last week. 
    The rule caps most bank overdraft fees at just $5, down from the typical $35 charge per transaction, according to National Consumer Law Center (NCLC). With these fees, banks take billions of dollars a year from families that can least afford it, and the Republican chairmen are moving to give big banks this ability, Schumer explained. Banks, which are already profitable, don’t need to charge these fees and some banks, including Capitol One and Citibank, have completely eliminated overdraft fees and they continue to cover overdrafts. However, other banks take about $1 billion a year in overdraft and nonsufficient funds (NSF) fees, and Wells Fargo is one of the biggest offenders.
    The CFPB’s overdraft fee rule stops predatory practices that allow the biggest banks to earn billions in profits from the most vulnerable families and seniors. The rule doesn’t stop big banks from covering overdrafts—it caps fees for “overdraft coverage” at $5 or the bank’s costs. Banks can still offer overdraft lines of credit without any price cap, though they are required to provide the same annual percentage rate (APR) pricing disclosure that credit cards provide and to give people adequate time to repay, NCLC explained. 
    Schumer explained how the rule helps everyone—especially New York families as New York is more ‘banked’ compared to other states. Schumer explained that by lowering most big bank overdraft fees from $35 to $5, consumers save $5 billion per year, reducing manipulative practices, and increasing transparency and fair competition, according to economists.
    “Now that the word is out on Tuesday’s vote, you’ll see the banks, lobbyists, and the people that want to protect the banks’ ability to charge excessive fees start to scramble, and devise a plan to defend it. But it’s indefensible. Who is for excessive bank fees?” Schumer said. “Show me a politician that wants to run an ad on increasing all your bank fees. I am blowing the lid on this disastrous plan and so what happens next? Watch them try to run away from this issue, while siding with big banks over working families and the middle class.”
    Schumer warned that other fee increases and gaps in consumer protection could soon follow with:
    ATM fees 
    Minimum balance fees for checking and savings accounts
    Outlandish cashier’s check fees
    Notary fees 
    Account “inactivity” fees
    The removal of $8 cap on credit card late fees
    No more Fair Credit Reporting (excluding medical bills from consumers credit score)
    Selling consumer data without consent
    No regulator for consumers to report predatory products
    The New York Federal Reserve Bank’s Credit Insecurity Index may shed light on the number of people with access to mainstream financial services, such as a bank account, who will possibly be exposed to higher fees if Congressional Republicans wipe away this protection. An Upstate New York county-by-county breakdown of percentage of New Yorkers with credit and Credit Insecurity Index Scores for 2023 can be found below:

    Capital Region

    County

    Percentage With Credit

    Credit Insecurity Index Score

    Albany County

    77.4%

    22.6%

    Columbia County

    77.9%

    22.1%

    Greene County

    74.0%

    26.0%

    Rensselaer County

    78.9%

    21.1%

    Saratoga County

    88.8%

    11.2%

    Schenectady County

    81.3%

    18.7%

    Schoharie County

    73.7%

    26.3%

    Warren County

    82.4%

    17.6%

    Washington County

    72.2%

    27.8%

    Western New York

    County

    Percentage With Credit

    Credit Insecurity Index Score

    Cattaraugus County

    75.4%

    24.6%

    Chautauqua County

    76.2%

    23.8%

    Erie County

    80.0%

    20.0%

    Niagara County

    83.2%

    16.8%

    Rochester-Finger Lakes

    County

    Percentage With Credit

    Credit Insecurity Index Score

    Genesee County

    82.5%

    17.5%

    Livingston County

    76.3%

    23.7%

    Monroe County

    82.1%

    17.9%

    Ontario County

    82.6%

    17.4%

    Orleans County

    70.2%

    29.8%

    Seneca County

    76.0%

    24.0%

    Wayne County

    84.4%

    15.6%

    Wyoming County

    78.6%

    21.4%

    Yates County

    69.5%

    30.5%

    Central New York

    County

    Percentage With Credit

    Credit Insecurity Index Score

    Cayuga County

    75.5%

    24.5%

    Cortland County

    69.5%

    30.5%

    Madison County

    79.5%

    20.5%

    Onondaga County

    81.1%

    18.9%

    Oswego County

    79.1%

    20.9%

    Hudson Valley

    County

    Percentage With Credit

    Credit Insecurity Index Score

    Dutchess County

    82.30%

    17.7%

    Orange County

    81.50%

    18.5%

    Putnam County

    90.10%

    9.9%

    Rockland County

    86.80%

    13.2%

    Sullivan County

    70.10%

    29.9%

    Ulster County

    78.40%

    21.6%

    Westchester County

    85.00%

    15.0%

    Southern Tier

    County

    Percentage With Credit

    Credit Insecurity Index Score

    Allegany County

    65.3%

    34.7%

    Broome County

    74.0%

    26.0%

    Chemung County

    77.2%

    22.8%

    Chenango County

    78.7%

    21.3%

    Delaware County

    73.0%

    27.0%

    Otsego County

    70.85%

    29.15%

    Schuyler County

    77.95%

    22.05%

    Steuben County

    81.2%

    18.8%

    Tioga County

    83.2%

    16.8%

    Tompkins County

    69.6%

    30.4%

    North Country

    County

    Percentage With Credit

    Credit Insecurity Index Score

    Clinton County

    74.8%

    25.2%

    Franklin County

    76.8%

    23.2%

    Hamilton County

    85.3%

    14.7%

    Jefferson County

    74.5%

    25.5%

    Lewis County

    78.3%

    21.7%

    St. Lawrence County

    70.9%

    29.1%

    Essex County

    75.05%

    24.95%

    Mohawk Valley

    County

    Percentage With Credit

    Credit Insecurity Index Score

    Fulton County

    79.1%

    20.9%

    Herkimer County

    80.7%

    19.3%

    Montgomery County

    74.5%

    25.5%

    Oneida County

    75.4%

    24.6%

    MIL OSI USA News –

  • MIL-OSI USA: Chairman Mast Leads GOP in Demanding UN Reject Francesca Albanese’s Reappointment

    Source: US House Committee on Foreign Affairs

    Media Contact 202-226-8467

    WASHINGTON, D.C. – Today, House Foreign Affairs Committee Chairman Brian Mast led several members of the panel in demanding that UN Human Rights Council President Jürg Lauber reject Francesca Albanese’s reappointment to another three-year term as special rapporteur for the “occupied palestinian territories.” 

    Mast and his fellow Republicans specifically outlined that Albanese has repeatedly failed to uphold the UNHCR code of conduct and made inflammatory and offensive comments about Israel in the wake of the October 7th attacks.  

    “[Albanese] has consistently aligned herself with Hamas terrorists, accused Israel of genocide, likened the Government of Israel to the ‘Third Reich,’ and compared Prime Minister Benjamin Netanyahu to Adolf Hitler,” the lawmakers wrote in a letter to Lauber. “The Council has allowed antisemitism and anti-Americanism to thrive within, with a seeming unwillingness to hold the most egregious violators of human rights to account.”

    In addition to Chairman Mast, the letter was co-signed Reps. Young Kim (R-CA), Michael Lawler (R-NY), Keith Self (R-TX), Maria Elvira Salazar (R-FL), Cory Mills (R-FL), and Ryan Zinke (R-MT).

    Read the full letter here and below.

    Dear Mr. President,

    We are writing to strongly object to the renewal of UN Special Rapporteur for the “occupied Palestinian territories,” Francesca Albanese, for a second three-year term. As you are well aware, UN Special Rapporteurs have a duty to uphold the code of conduct as written in Council Resolution 5/2. The code of conduct expressly asserts that Special Rapporteurs must act in an independent capacity with a professional, impartial assessment, and maintain the highest standards of efficiency, competence, and integrity through impartiality, equity and honesty. Based on the following, Special Rapporteur Albanese has failed to uphold the code. Consequently, her term must not be renewed.

    Ms. Albanese has repeatedly violated the code of conduct since she took the position on May 1, 2022. She has consistently aligned herself with Hamas terrorists, accused Israel of genocide, likened the Government of Israel to the “Third Reich,” and compared Prime Minister Benjamin Netanyahu to Adolf Hitler. Ms. Albanese unapologetically uses her position as a UN Special Rapporteur to purvey and attempt to legitimize antisemitic tropes, while serving as a Hamas apologist. Moreover, she has erroneously accused the United States Congress and our Executive of being bought and paid for by the Israel lobby. In her malicious fixation, she has even called for Israel to be removed from the United Nations while likening Israel to apartheid South Africa.

    Since the abhorrent and cowardly October 7th attacks, Ms. Albanese’s inflammatory rhetoric has only increased in atrociousness. For example, following Hamas’ murder of over 1,200 people, 250 hostages taken – 59 of whom are still held by Hamas terrorists – and irreversibly changed the lives of countless others, Ms. Albanese wrote that the “violence must be put in context,” and that the attack occurred in response to Israeli “aggression.” In a statement that was rightfully condemned by the United States, France, and Germany, Ms. Albanese attempted to justify that the October 7th massacre was “in response to Israel’s oppression.” Such comments alone violate several provisions within the code of conduct.

    Regrettably, Ms. Albanese’s rhetoric has perverted the very institution and its foundational principles in which she was appointed to serve. Her comments above, and many others she has made, are case in point as to why President Trump rightfully withdrew the United States from the Human Rights Council (Council). The Council has allowed antisemitism and anti-Americanism to thrive within, with a seeming unwillingness to hold the most egregious violators of human rights to account. Notably, in January 2023, I, along with many of my colleagues, sent a letter to the United Nations Secretary General and High Commissioner for Human Rights calling for Ms. Albanese’s removal. We were not alone in our requests for her admonishment. Several governments, including France, Germany, Canada and the Netherlands, have all condemned her statements as antisemitic, as well. To this day, no action has been taken.

    Francesca Albanese’s service as a UN Special Rapporteur must end at the conclusion of her first term. Given the numerous instances provided above, but certainly not limited to, her behavior is not only reprehensible, but most unbecoming of a UN Special Rapporteur. As such, it is the view of the undersigned that Ms. Albanese must face serious consequences. As the new President of the Human Rights Council, it is your sworn duty to utilize your authority as stated in Presidential Statement 8/2 (PRST/8/2) to “convey to the Council any information brought to [your] attention of concerning cases of persistent non-compliance by a mandate-holder with the provisions of Council Resolution 5/2, especially prior to the renewal of mandate holders in office.” By rejecting the renewal of Ms. Albanese’s term, the Council would bring much needed credibility, integrity, and accountability back to the institution – attributes of which it has been severely lacking in recent years.

    ###

    MIL OSI USA News –

  • MIL-OSI Economics: Thales to provide hybrid networking kits for French Army vehicles

    Source: Thales Group

    Headline: Thales to provide hybrid networking kits for French Army vehicles

    • The French defence procurement agency (DGA) has awarded Thales a contract to provide hybrid networking kits for French Army vehicles, an innovative solution that can be installed without the need to make design changes to the platforms.
    • Installed on military vehicles such as the Griffon, VBCI and Serval, the kits provide access to commercial communication services (OneWeb1 and 5G), integrate them with theatre-wide networking capabilities and tie together communication systems at every level from combined/joint forces command to infantry fighting vehicles.
    • With developments in collaborative combat driving a growing need for connectivity, hybridisation solutions will complement existing hardened communications systems (SYRACUSE IV military satellite communications, CONTACT radios, HF radios) to provide higher data rates, longer range capabilities and improved resilience.

    “Thales will be supporting the French Army in its strategic transition to hybrid communication networks. This latest stage in the ASTRIDE 3 programme will combine technological innovation with a deep understanding of operational requirements to provide the hyperconnectivity needed for collaborative combat in high-intensity conflict scenarios,” said Alexandre Bottero, Vice President, Networks and Infrastructure Systems, Thales.

    This hybrid networking technology has been developed in an agile, incremental approach with the DGA and operational users to augment the communication capabilities of French Army vehicles. With current developments in collaborative combat, the ability of the armed forces to deploy operational networks of sensors and effectors calls for enhanced capabilities in terms of massification, usability and resilience of military communication systems. With this innovative hybridisation solution, commercial networks will complement existing hardened communication systems including the LOS radios developed for the ASTRIDE programme, the secure, high-data-rate, jam-resistant military satcom services provided by the SYRACUSE satellites, the latest-generation software-defined radios developed under the CONTACT programme and the MELCHIOR series of HF radios.

    The hybrid networking solution for OneWeb satcom and 5G services is packaged as a non-intrusive kit, overcoming the need for design changes to the vehicle. It offers significant improvements in connectivity to enhance operational capabilities in the theatre of operations by supporting more extensive data sharing and closer multi-domain collaboration. The hybrid networking kit offers a combination of high performance and usability, and its modular design is part of an end-to-end approach encompassing communication systems at every level, from combined/joint forces command to infantry fighting vehicles.

    Thales will provide an initial batch of 25 kits for field trials during the EXTO SJO 2025 exercise at the end of this year, with an additional 25 kits scheduled for delivery in 2026. Ultimately these hybrid networking kits are expected to equip all French Army vehicles that require them.

    The ASTRIDE 3 programme’s central role in collaborative combat

    Thales has been involved in the ASTRIDE 3 programme since 2022 and has designed a range of modular mobile communication stations offering the NATO-interoperable networking capabilities needed to provide a secure, resilient command infrastructure for deployed forces. The addition of this hybridisation solution further underscores the programme’s decisive role in making collaborative combat a reality while guaranteeing technological sovereignty.

    1OneWeb is a constellation of approximately 650 Low Earth Orbit (LEO) telecommunications satellites providing broadband Internet access to private and professional users in regions that are poorly served by terrestrial networks.

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies for the Defence, Aerospace, and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.

    The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.

    Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

    MIL OSI Economics –

  • MIL-OSI Economics: Thales unveils its PANORAMIC quad-tube night vision goggle

    Source: Thales Group

    Headline: Thales unveils its PANORAMIC quad-tube night vision goggle

    • Presented for the first time at SOFINS1, PANORAMIC is a lightweight, compact night vision goggle equipped with four light intensification tubes to provide an extra-wide field-of-view. It is particularly well-suited to the needs of special operations forces and specialised units conducting sensitive missions such as counter-terrorism and hostage rescue operations.
    • Fully funded by France’s defence innovation agency (AID), the development of the PANORAMIC goggle was completed in just over two years by Thales’s centre of excellence for soldier optronics.
    • The PANORAMIC binocular is currently being evaluated by the French Army’s Technical Section (STAT) and Special Forces.

    The PANORAMIC night vision goggle provides a field-of-view approaching the capabilities of the human eye to enhance situational awareness in low-light conditions. With four tubes instead of two, soldiers can quickly perceive their entire operational surroundings without moving their heads, enabling them to react more quickly to potential threats in their peripheral field of vision.

    PANORAMIC’s patented architecture offers the best combination of performance, ergonomic design and volume currently available on the international market. It weighs just 740 g and is no wider than the soldier’s helmet. As well as the conventional helmet flip-up feature, each of the outer tubes can be raised independently, powering off automatically to guarantee discretion. Designed for optimum energy efficiency, this revolutionary new product is battery operated, with an available external battery pack for longer periods of operation.

    The PANORAMIC night observation device is fully compatible with night sights such as the XTRAIM weapon sight. It is a compact, robust unit designed to accommodate future technologies and functionalities, and includes an optimised maintenance plan to maximise operational availability.

    PANORAMIC unveiled for the first time at the 2025 edition of SOFINS, offering a further illustration of Thales’s 30-year track record of innovation in the design and development of night observation solutions to meet the full range of requirements of land forces personnel.

    Specifically designed for special operations forces and specialised units in France and internationally, the PANORAMIC goggle is 100% made in France and ITAR-free.

    “SOFINS is the ideal opportunity for us to present PANORAMIC, our new extra-wide field-of-view night observation device. Thales’s team technical expertise allowed the development of a ground-breaking night vision solution offering the robust design and outstanding performance needed to support the success of night-time missions and protect our soldiers at their most vulnerable moments.” Alexis Morel, Vice President, Optronics, Missile Electronics and Unmanned Air Systems, Thales

    1SOFINS: Special Operations Forces Innovation Network Seminar

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies for the Defence, Aerospace, and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.

    The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.

    Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

    MIL OSI Economics –

  • MIL-OSI NGOs: Hungary: Arrest and surrender Netanyahu to the International Criminal Court

    Source: Amnesty International –

    Victor Orbán to host Benjamin Netanyahu in Hungary on Wednesday

    Following an investigation of war crimes and crimes against humanity, the International Criminal Court (ICC) issued arrest warrants for Benjamin Netanyahu and Yoav Gallant

    ‘Powerful leaders, like Netanyahu, accused by the ICC of war crimes and crimes against humanity, must no longer enjoy the prospect of perpetual impunity’ – Erika Guevara-Rosas

    Responding to reports that Hungary’s Prime Minister Viktor Orbán plans to host Israel’s Prime Minister Benjamin Netanyahu in Hungary on Wednesday, Erika Guevara-Rosas, Amnesty International’s Head of Global Research, Advocacy and Policy, said:

    “Prime Minister Netanyahu is an alleged war criminal, who is accused of using starvation as a method of warfare, intentionally attacking civilians and the crimes against humanity of murder, persecution, and other inhumane acts.

    “As a member state of the ICC, Hungary must arrest Netanyahu if he travels to the country and hand him over to the Court. Any trip he takes to an ICC member state that does not end in his arrest would embolden Israel to commit further crimes against Palestinians in the Occupied Palestinian Territory.

    “Netanyahu’s reported visit should be seen as a cynical effort to undermine the ICC and its work and is an insult to the victims of these crimes who are looking to the Court for justice. Hungary’s invitation shows contempt for international law and confirms that alleged war criminals wanted by the ICC are welcome on the streets of a European Union member state.

    “Netanyahu’s visit to Hungary must not become a bellwether for the future of human rights in Europe. European and global leaders must end their shameful silence and inaction, and call on Hungary to arrest Netanyahu during a visit which would make a mockery of the suffering of Palestinian victims of Israel’s genocide in Gaza, its war crimes in other parts of the Occupied Palestinian Territory and its entrenched system of apartheid against all Palestinians whose rights it controls.

    “Amnesty International calls on the ICC Prosecutor to investigate and prosecute all Israel’s crimes. Hungary should equally do so by applying universal jurisdiction principles. Powerful leaders, like Netanyahu, accused by the ICC of war crimes and crimes against humanity, must no longer enjoy the prospect of perpetual impunity.

    “The ICC was established to ensure accountability for victims of genocide and other crimes under international law, and so that crimes which shock the human conscience would ‘never again’ be accompanied by impunity. In ‘bringing power to justice’, the ICC is now facing a global backlash from powerful leaders seeking to undermine the international rule of law and stamp out the prospect of accountability for the most powerful.”

    ICC arrest warrants

    In November 2024, the ICC issued arrest warrants against Israeli Prime Minister Benjamin Netanyahu and former Defence Minister Yoav Gallant, as well as al-Qassam brigades commander Mohammed Diab Ibrahim Al-Masri, on charges of war crimes and crimes against humanity.

    Since then, leaders from ICC member states France, Germany, Italy, Hungary and Poland have stated or implied that they would not arrest Benjamin Netanyahu if he travelled to their respective countries. The United States has also enacted sanctions against the ICC Prosecutor, Karim Khan.

    A cornerstone principle of the ICC’s founding Rome Statute is that all individuals subject to ICC arrest warrants must be arrested and surrendered to the Court without recourse to immunity when they are within the jurisdiction of ICC member states, including on their territory.

    MIL OSI NGO –

  • MIL-OSI Europe: Answer to a written question – Obstacle to competition in France’s outlying territories: upholding EU law in the face of the high cost of living – P-000461/2025(ASW)

    Source: European Parliament

    Commission Regulations[1] concerning European Business Statistics define how Member States transmit Structural Business Statistics data (SBS) to Eurostat.

    Eurostat receives data for Martinique and French Guiana but not New Caledonia[2]. Validation procedures and quality checks apply to such data whatever their origin. Currently Eurostat has no special observations regarding the quality of SBS and Business Demographics data for Martinique and French Guiana.

    The Commission Notice on cooperation within the Network of Competition Authorities[3] indicates that national competition authorities are generally considered to be well placed to deal with competition matters, if the conduct at issue is implemented within its territory and has substantial, direct, actual or foreseeable effects on competition mainly within its territory[4].

    The Commission invites the Honourable Members to contact the French Competition Authority, which has long made the competitive situation in overseas territories the focus of its action[5].

    Moreover, the French Competition Authority can apply French law provisions which are aimed specifically at addressing possible restrictions to competition and the consequences thereof in overseas territories[6].

    In accordance with the Court’s settled case-law, the concept of abuse of a dominant position is an objective concept[7] to be assessed on a case-by-case basis. The Commission cannot therefore answer the question.

    • [1] Commission Regulation 2019/2152 (‘EBS Regulation’) and Regulation (EU) 2020/1197 (‘EBS General Implementing Act’).
    • [2] See https://ec.europa.eu/eurostat/databrowser/bookmark/21a2f3ed-34c1-4248-9ead-f0b330ec3bf2?lang=en and https://ec.europa.eu/eurostat/databrowser/bookmark/6161b543-46a2-4b97-8a85-c6735d7ac9a9?lang=en
    • [3] Commission Notice on cooperation within the Network of Competition Authorities, OJ C 101, 27.4.2004, p. 43-53, available at: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A52004XC0427%2802%29
    • [4] Commission Notice on cooperation within the Network of Competition Authorities, OJ C 101, 27.4.2004, p. 43-53, paras. 8-10.
    • [5] See, for a recent example, French Competition Authority, press release of 18 February 2025, available at: https://www.autoritedelaconcurrence.fr/fr/communiques-de-presse/saisie-par-le-gouvernement-lautorite-rendra-un-avis-sur-les-marges-des
    • [6] See, for example, Article L.752-27 of the French Commercial Code.
    • [7] See for example judgment of the Court of 25 March 2021, Deutsche Telekom AG v European Commission, C-152/19P, EU:C:2021:238, para. 41.
    Last updated: 31 March 2025

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Landmark summit agrees new measures against organised immigration crime

    Source: United Kingdom – Executive Government & Departments

    News story

    Landmark summit agrees new measures against organised immigration crime

    The Prime Minister and Home Secretary gathered leaders from across the world in London today (31 March) to tackle organised immigration crime.

    The purpose of the Organised Immigration Crime Summit is to agree new action to tackle organised immigration crime (OIC) and boost border security.

    Discussions at day 1 of the summit included:

    • tackling the supply chains and enablers of OIC
    • the role of criminal finances in facilitating OIC
    • the UK’s systems based approach to border security

    as well as how countries can tackle organised crime groups’ operations online in relation to the advertising, promoting and facilitating of illegal immigration services.

    The UK and allies including France, Iraq, Vietnam and the USA, and partners including the National Crime Agency (NCA) and representatives from social media organisations, met to agree actions to secure our collective borders, protect vulnerable people from exploitation, and tackle the global threat of organised immigration crime.

    Unlike previous summits, this event engaged both European nations and key source and transit countries, as well as those that are integral to the supply of equipment, including small boats and engines, ensuring a broader, more comprehensive approach to tackling OIC.

    Concrete outcomes have been agreed across Europe, Asia, Middle East, Africa, and North America to strengthen international partnerships to disrupt OIC networks.  This also includes new joint work with France to tackle irregular migration in source and transit countries, through community outreach and bolstering false document detection capabilities to Iraqi officials.

    The agreement represents a key step forward in the government’s Plan for Change to deliver on working people’s priorities to restore order to the immigration system and comes after the publication of new figures showing more than 24,000 people with no right to be here have been returned since the election – the highest rate of returns in 8 years. 

    A communiqué was issued that sets out how we will deepen our collaboration internationally to tackle this vile crime.  

    Home Secretary Yvette Cooper said:

    Organised immigration crime undermines our security and puts lives at risk. The criminal networks have spread across the globe and no single country can tackle this problem alone.

    Today, at the Organised Immigration Crime Summit, the UK has led the way forward by securing international commitments to disrupt and pursue this vile criminal trade in people – part of our Plan for Change to strengthen our borders and keep communities safe.

    Border Security Commander Martin Hewitt said:

    I have said since I came into my post as Border Security Commander that organised immigration crime requires a coordinated international response to effectively dismantle criminal networks.

    In my role I have seen first-hand how the cruelty and greed of criminal gangs puts the lives of the most vulnerable at risk in dangerous small boat crossings all for financial gain.

    This summit marks a step change in the international community’s approach to tackling the problem, presenting a critical opportunity to strengthen global cooperation, disrupt criminal networks, and prevent further loss of life.

    Director General of the National Crime Agency (NCA) Graeme Biggar said:

    Criminal gangs are using sophisticated online tactics, the abuse of legitimate goods and services, and illicit financial networks to facilitate dangerous and illegal journeys which put thousands of lives at risk each year and undermine border security.

    Today’s summit sets out international agreements to tackle an international problem.

    International intelligence sharing and cooperation is absolutely crucial to track criminal activity across borders allowing us to put a stop to these dangerous criminals.

    In addition, today the Home Secretary confirmed over £30 million in funding within the Border Security Command to tackle Organised Immigration Criminal Networks. This significant funding package will be spent on key security projects across Europe, the Western Balkans, Asia and Africa, designed to strengthen border security and combat international criminal smuggling gangs.

    The Home Secretary also announced joint work with France to fund an additional grassroots engagement programme to educate local communities on the dangers of irregular migration and people smuggling gangs, raising awareness of the realities and difficulties with travelling to Northern France to cross the Channel to the UK.

    This will target both potential irregular migrants and, for the first time, teachers, religious leaders, and family members within vulnerable communities, and builds on the Home Office digital deterrence comms campaign that is already running in the Kurdistan Region of Iraq.

    The UK will also collaborate with France to deliver critical training to Iraqi officials and commercial transport staff,  helping them detect fraudulent documents and passports used to facilitate irregular migration and OIC activities.

    Updates to this page

    Published 31 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: PM call with President Zelenskyy of Ukraine: 31 March 2025

    Source: United Kingdom – Government Statements

    News story

    PM call with President Zelenskyy of Ukraine: 31 March 2025

    Prime Minister Keir Starmer spoke to President Zelenskyy.

    The Prime Minister spoke to the President of Ukraine, Volodymyr Zelenskyy, this evening.

    The leaders reflected on their visit to Paris last week and agreed there was real momentum to support Ukraine’s security for the long term.

    A meeting of the British, French and Ukrainian military leadership in the coming days would drive forward the next stage of detailed planning, the Prime Minister added.

    The leaders also discussed the third anniversary of the liberation of Bucha today. The Prime Minister reflected on his visit to the city in 2023 and paid tribute to the courage and strength of the residents and their loved ones that he met.

    Their stories of suffering were a painful reminder of Russia’s barbarity over the past three years, he added. 

    The leaders agreed to stay in close touch.

    Updates to this page

    Published 31 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI Global: Marine Le Pen’s victim narrative is already being constructed – but there are ways to stop her criminal conviction benefitting her

    Source: The Conversation – UK – By Aurelien Mondon, Senior Lecturer in Politics, University of Bath

    Marine Le Pen, figurehead of France’s Rassemblement National (RN), one of the most established far-right parties in Europe, has been found guilty of embezzling funds from the European parliament.

    During her time as an MEP between 2004 and 2017, Le Pen and her team paid party staff with funds that should have gone to European parliamentary aides. The ruling estimates that a total of €2.9 million (£2.4 million) in European parliament funds were involved in the crimes and that Le Pen personally embezzled €474,000 of that total.

    She has been sentenced to four years in prison, two of which would be electronic monitoring. She is also unlikely to see the inside of a cell for the other two years as she is appealing her conviction.

    More importantly, perhaps, is the fact that she has been banned from holding public office for five years. Crucially, the ban is to start immediately, meaning that even with an appeal, Le Pen is highly unlikely to be able to stand as a candidate in the next presidential election in 2027.

    For many in the RN, the court’s decision will be a major blow. The party appears to have lost the candidate they believed was on course for victory in 2027. However, others will no doubt see this as a chance to distance the party further from the Le Pen name, following the death of Marine Le Pen’s father Jean-Marie Le Pen earlier this year.

    This process has been in motion for some time. Jordan Bardella took over from Le Pen as president of the party in 2022 and has clearly been waiting and preparing for this eventuality. Allegations were first levelled at Le Pen many years ago and her crimes relate to her time as an MEP between 2004 and 2017. He has been the plan B option throughout her trial.

    Bardella led the RN to victory in the 2024 European election in France. He also managed to send a record number of parliamentarians to the National Assembly after French president Emmanuel Macron called a snap election just weeks later.

    This was, nevertheless, a somewhat disappointing outcome as many on the far right had started to imagine Bardella as prime minister. Since failing to meet this expectation, his leadership has come under more scrutiny. His reaction to Le Pen’s sidelining will be watched carefully.

    Playing the victim

    Overall, it is good news to see corruption being taken seriously and justice being served. However, Le Pen’s conviction comes after years of embezzlement which has allowed the far right to build its strength. All this has come on the back of a system it has vowed to destroy. As such, it feels like too little too late.

    Furthermore, this decision, and the fact that it is tied to the European Union, is likely to feed into typical far-right propaganda on the domestic stage. Le Pen and the party will play the victim, blaming Le Pen’s fate on a wide conspiracy organised by something akin to the deep state operating via Brussels.

    The deep levels of distrust in public institutions and mainstream politics are likely to play a role here. Le Pen will aim to paint the decision of an independent court as the political assassination of the “champion of the people”.

    She could become a martyr, turning her cause into a revolt against “the system”. Bardella has already said that Le Pen’s conviction amounted to the “execution” of democracy.

    Crucially, though, this outcome isn’t inevitable. Whether such a narrative takes hold is a choice that is very much in the hands of mainstream elite actors. Those who have a privileged access to shaping public discourse, such as journalists, politicians and experts will therefore play a key role.

    Instead of giving pride of place to Le Pen and the far right in a tempting sensationalising coverage, the mainstream media must turn to serious analysis. This would involve removing the focus from individuals and putting it on the wider issues at hand. That would lessen the potential for a narrative of victimisation to take hold.

    Beyond providing an accurate picture of the case itself, good coverage should predominantly focus on politics rather than on the spectacle the RN will inevitably try to construct as a diversion tactic. This would mean engaging seriously with what the RN actually proposes as a model of society: one that is not against the “elite” and for the people, but merely in favour of a different elite taking control at the head of a top-down authoritarian state.

    This would then allow voters to understand that the far right is not on their side, but on the side of power, wealth and hierarchies. Those who oppose such a takeover could go some way to fix the damage that has been done with carelessly associating these parties with “populism”.

    Finally, good coverage would also mean shifting the agenda away from the far right and its pet issues. Had politicians – left, right and centre – not continuously used the far right as a diversion from their own failures to tackle the many crises their countries face, the far right would not be as powerful as it seems.

    As opinion polls show, when people are asked what are their biggest concerns personally, issues core to the far right such as immigration are low. Instead, it is issues that would require radical measures to tackle economic and social insecurity which are prioritised.

    The far right offers nothing to address these – only division to make citizens powerless to fight back. Now that Le Pen is out of the picture, it is a good time to shift the agenda back to democracy and hope.

    Aurelien Mondon 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. Marine Le Pen’s victim narrative is already being constructed – but there are ways to stop her criminal conviction benefitting her – https://theconversation.com/marine-le-pens-victim-narrative-is-already-being-constructed-but-there-are-ways-to-stop-her-criminal-conviction-benefitting-her-253469

    MIL OSI – Global Reports –

  • MIL-OSI Global: What Britons and Europeans really think about immigration – new analysis

    Source: The Conversation – UK – By Claire Kumar, Senior Research Fellow, ODI Global

    Shutterstock

    When we hear about immigration from politicians and media across Europe, the story is almost always negative. In some countries, this is old news. The UK tabloid press has printed thousands of anti-migrant articles over the last two decades. Anti-immigrant rhetoric has been a feature of Danish politics since the early 1990s. In contrast, Viktor Orban’s extreme, racist and Islamophobic rhetoric – adopted largely from 2015 – marks Hungary out as a relative newcomer.

    Across Europe, refugees and other migrants are routinely represented as a problem or “crisis”. It would be natural to assume, then, that the public feels the same way – that attitudes to immigration are negative, possibly worsening. Politicians routinely imply this when they say they must introduce strict immigration rules in response to public concerns.

    Opinion polls regularly show that the European public disapprove of the government’s handling of immigration and may see levels as too high. But long-term European Social Survey (ESS) data – the latest of which came out at the end of 2024 – shows positive trends.

    Want more politics coverage from academic experts? Every week, we bring you informed analysis of developments in government and fact check the claims being made.

    Sign up for our weekly politics newsletter, delivered every Friday.

    At ODI Europe, my colleagues and I have been studying public attitudes and political narratives around migration across Europe for five years. Our analysis has found that, compared to 20 years ago, more Europeans (in many, but not all countries) feel immigration makes their country a better place to live.

    Positive attitudes have particularly increased in Ireland, the UK, Norway, Spain, the Netherlands, Belgium and Switzerland. Similar positive trends emerge when the public is asked about the economic and cultural impacts of immigration.

    The UK is among the countries with the least anti-immigration views in Europe. While in 2002-03 only 27% of the British public felt immigration had a positive impact on the economy, this has jumped to 66% in 2023-24. However, it is a drop from the 69% who felt immigration had a positive economic impact in the previous survey round (2020-22).

    The UK also topped the table in the last World Values Survey as a country that is highly accepting of immigration and particularly welcoming of the cultural diversity it brings.



    Read more:
    The UK now ranks as one of the most socially liberal countries in Europe – new research

    The Migration Observatory finds that a majority of the British public favours making immigration easier for workers coming into the NHS, care work and other jobs where there are shortages.

    Researchers from the think tank British Future have found that most of the public would prefer current levels of international student migration to stay the same or increase. International students currently make up 40% of net migration to the country.

    Why the differences?

    The disparity between what we hear about public attitudes and what the data actually shows merits some explanation.

    We know that people’s attitudes on migration are largely stable, based on deeply held values and mainly formed when young. People’s attitudes are relatively slow to change. Generational change is likely key to explaining the long-term positive trends in this area. On the other hand, the salience of immigration – whether the public see immigration as a top issue of concern – can fluctuate dramatically, driven by media attention and political narratives.

    This sounds incongruous given the rise of the far right in some European countries. However, we know that austerity policies, economic insecurity and economic decline are key factors driving the far-right vote.

    Researchers have also uncovered a “reverse backlash” effect. This is where greater success of populist radical right parties is actually accompanied by more citizens reporting positive attitudes on immigration, specifically because they want to distance themselves from radical right views.

    Negative trends

    What does stand out in the latest round of ESS data is that more negative trends are emerging across multiple countries simultaneously. This is most notable in Ireland, the UK, the Netherlands and Poland, but also in Iceland and France.

    In Ireland, there is a substantial ten percentage point fall from the previous survey round (2020-22) in respondents reporting that immigration makes their country a better place to live. The UK sees a five percentage point fall (from 68% to 63%) on the same question – still a significant positive majority compared to only 17% who feel immigration makes the UK a worse place to live – but a notable shift nonetheless.

    This could be a temporary fluctuation, like the kind seen in Sweden and Germany, between 2018-19 and 2020-22. Both countries took in high numbers of refugees during Europe’s so-called “refugee crisis”, which may have led to an uptick of concern around the impact of immigration. However, these fluctuations can be minor and short-lived.

    Another possibility is that we are finally seeing public attitudes shift in line with the more hostile, anti-immigrant environment that has been nurtured by politicians and media. This could be the start of another generational shift – possibly a reflection of the fact that some far-right groups are proving to be particularly popular with younger voters.

    These dips may prove temporary – if not, we risk squandering the public good of a positive European public precisely at a time when Europe needs immigration the most.

    Claire Kumar via ODI Global – has received funding from IKEA Foundation for this research work.

    – ref. What Britons and Europeans really think about immigration – new analysis – https://theconversation.com/what-britons-and-europeans-really-think-about-immigration-new-analysis-252268

    MIL OSI – Global Reports –

  • MIL-OSI Global: How a new wave of fighter jets could transform aerial combat

    Source: The Conversation – UK – By David Bacci, Senior Research Fellow, Oxford Thermofluids Laboratory, University of Oxford

    The most advanced fighter jets in the world are known as “fifth generation”. They contain technologies developed in the first part of the 21st century. Examples of fifth generation fighter jets include America’s F-35 Lightning II and F-22 Raptor, China’s Chengdu J-20 and Russia’s Sukhoi SU-57.

    Now, however, nations are moving ahead with the sixth generation of combat jets. In the past few months, China has flown its J36 and J50 prototype jets. Meanwhile, the US has selected Boeing to build a new fighter aircraft called the F-47.

    As with previous generations, the sixth will incorporate major advances in aircraft design, onboard electronics (avionics) and weapon systems.

    But how will the new generation of jets stand out from the previous one? Future combat jets will not see dramatic increases in maximum speed, nor in flight performance. Instead, the true innovations will be in how these systems operate and achieve dominance in aerial combat.

    Like the fifth generation, the sixth will be dominated by stealth technology. This helps fighters jets to reduce their chances of being detected by infrared and radar sensors, to the point that when their signatures are eventually picked up, the opponent has no time to act.

    Stealth is achieved through particular shapes of airframe (such as diamond shapes) and coatings on the aircraft – called radar absorbing materials. The airframe is the fundamental structural framework of an aircraft, encompassing the fuselage, wings, tail assembly and landing gear.

    The diamond-like shapes that already characterise fifth generation jets are likely to remain in the upcoming generation of fighter, but they will evolve.

    A common feature we’re likely to see is the reduction or complete removal of vertical tails at the back of the aircraft and their control surfaces. In current aircraft, these tails provide directional stability and control in flight, allowing the aircraft to maintain its course and manoeuvre.

    However, sixth generation jets could achieve this control with the help of thrust vectoring – the ability to manipulate the direction of engines and therefore the direction of thrust (the force that moves the jet through the air).

    The role of vertical tails could also be partially replaced by devices called fluidic actuators. These apply forces to the the wing by blowing high speed and high pressure air on different parts of it.

    F-35 Lightning II fighter aircraft. Vertical tails can be seen at the rear of this fifth generation jet.
    US Air Force / Paul Holcomb

    The removal of the vertical tails would contribute to the fighter’s stealth. The new generation of fighters is also likely to see the use of novel radar absorbing materials with advanced capabilities.

    We’ll see the introduction of what are known as adaptive cycle engines on sixth generation fighters. These engines will feature what’s known as a three stream design, which refers to the airstreams blowing through the engine. Current jets have two airstreams: one that passes through the core of the engine, and another that bypasses the core.

    The development of a third stream provides an extra source of air flow to increase the engine’s fuel efficiency and performance. This will allow both the capability to cruise efficiently at supersonic speed and deliver a high thrust during combat.

    It is likely that China and the US will build two separate fighters with different airframes. One will have a bigger airframe, designed for use in an area like the Pacific Ocean region. Here, the ability to fly further and carry a heavier payload will be key, because of the distances involved. Airframes designed for this region will therefore be larger.

    Another fighter jet carrying a smaller airframe will be designed for use in areas such as Europe where agility and manoeuvrability will be more important.

    The next wave of jets will have a system in the cockpit that gathers lots of information from other aircraft, ground surveillance stations and satellites. It would then integrate this data to give an enhanced situational awareness to the pilot. This system would also able to actively jam enemy sensors.

    Another key feature will be the deployment of unmanned combat aerial vehicles (Ucavs), a form of drone aircraft. The piloted fighter jet would be able to control a variety of Ucavs, ranging from loyal wingmen to cheaper, unpiloted fighter jets that will assist the mission, including protecting the piloted fighter.

    This will all be the responsibility of something called the advanced digital cockpit, a software-driven system that will use virtual reality and allow the pilot to effectively become a battle manager. Artificial intelligence (AI) will be a key feature of the support systems for the drones. This will allow them to be controlled with complete autonomy. The pilot will assign the main task – such as, “attack that enemy jet in that sector” – and the system will carry out the mission without any further input.

    Another advancement will be the weapon systems, with the adoption of missiles that not only will be capable of travelling at hypersonic speeds, but will also incorporate stealth features. This will further reduce the reaction times of enemy forces. Directed energy weapons systems, such as laser weapons, could potentially appear in later stages, as this technology is under study.

    Under America’s sixth generation fighter programme, the US Navy is working on a separate jet called the F/A-XX, complementing the F-47.

    The UK, Italy and Japan are also working on a jet project known as the global combat air programme (GCAP). This will replace the Eurofighter Typhoon in service with the UK and Italy and the Mitsubishi F-2 in service with Japan.

    Germany, Spain and France are working on a fighter programme called the future combat air system (FCAS). This could supersede Germany and Spain’s Typhoons and France’s Rafale.

    The path for sixth generation fighter jets seems to have already been traced, but uncertainties remain. The feasibility of some of the characteristics described and development times and costs are not yet well defined. This interval of time was more than ten years for fifth generation fighter jets – and the sixth is going to be far more complex in terms of requirements and capability.

    A new generation of fighter jet is expected to remain on active duty for something like 30 years. But warfare across the world evolves rapidly. It is unclear whether the design requirements we are fixing today remain relevant over the coming years.

    David Bacci is affiliated with Cranfeild Defence & Security (CRanfield University) – Visiting Research Fellow

    – ref. How a new wave of fighter jets could transform aerial combat – https://theconversation.com/how-a-new-wave-of-fighter-jets-could-transform-aerial-combat-252949

    MIL OSI – Global Reports –

  • MIL-OSI Banking: Apple Intelligence comes to Apple Vision Pro today with visionOS 2.4

    Source: Apple

    Headline: Apple Intelligence comes to Apple Vision Pro today with visionOS 2.4

    March 31, 2025

    UPDATE

    Apple Intelligence and new spatial experiences come to Apple Vision Pro today with visionOS 2.4

    Alongside the first set of powerful Apple Intelligence features, users can discover new content with Spatial Gallery and the Apple Vision Pro app for iPhone, and share the magic of spatial computing with enhancements to Guest User

    visionOS 2.4 is available today, bringing the first set of powerful Apple Intelligence features that help users communicate, write, and express themselves on Apple Vision Pro — all while taking an extraordinary step forward for privacy in AI.1 With the new Spatial Gallery app, users have access to a curated collection of spatial content spanning art, culture, nature, sports, and more. visionOS 2.4 also introduces the Apple Vision Pro app for iPhone to help users easily find new content and apps, and enhancements to Guest User make sharing Vision Pro experiences even easier.

    Apple Intelligence on Apple Vision Pro

    With Writing Tools, users can refine their words by rewriting, proofreading, and summarizing text nearly everywhere they write, including Mail, Notes, and many third-party apps. With Rewrite, users can adjust the tone of their text to make it more friendly, professional, or concise, or specify the change they’d like to make using Describe Your Change. Proofread checks grammar, word choice, and sentence structure, and provides suggested edits. Users can also select text and have it recapped in several formats with Summarize. With Compose, users can ask ChatGPT to generate content for anything they are writing about from the systemwide Writing Tools.2

    Image Playground allows users to easily create fun and unique images from themes, costumes, accessories, and places. Users can add their own text descriptions, and can even create images in the likeness of a family member or friend using photos from their photo library. The experience is integrated directly into apps like Messages and Freeform, and is also available as a dedicated app for Apple Vision Pro.

    Apple Intelligence takes emoji to an entirely new level, offering users the ability to create original Genmoji by simply typing or speaking a description into the emoji keyboard. Genmoji can be added inline to messages, shared as a sticker, or sent as a Tapback.

    Smart Reply in Messages and Mail provides suggestions for a quick response, and will identify questions to ensure everything is answered.

    With natural language search in the Photos app, it’s even easier to find a specific photo or moment in a video just by describing it. Create a Memory Movie lets users create the movies they want to see by simply typing a description. Using language and image understanding, Apple Intelligence will pick out photos and videos based on a user’s description, craft a storyline with chapters based on themes identified from the photos, and arrange them into a movie with its own narrative arc. As with all Apple Intelligence features, user photos and videos are kept private, and are not shared with Apple or anyone else.

    visionOS 2.4 also includes support for Priority Messages in Mail, Mail Summaries, Image Wand in Notes, Priority Notifications in Notification Center, and Notification Summaries. The initial set of Apple Intelligence features is available in visionOS 2.4 for users with their device and Siri language set to U.S. English.

    Apple Intelligence uses on-device processing whenever possible to protect users’ privacy. For requests that require access to even larger models, Private Cloud Compute extends the privacy and security of Apple products into the cloud to unlock even more intelligence. When using Private Cloud Compute, users’ data is never stored or shared with Apple; it is used only to fulfill the request. Independent experts can inspect the code that runs on Apple silicon servers to continuously verify this privacy promise, and are already doing so.

    Curated Spatial Content with Spatial Gallery

    Spatial Gallery, a new app for Apple Vision Pro, features spatial photos, spatial videos, and panoramas curated by Apple, and gives users a window to captivating and powerful moments spanning art, culture, entertainment, lifestyle, nature, sports, and travel, with new content released regularly.

    At launch, users can discover stories and experiences from iconic brands including Red Bull, Cirque du Soleil, and Porsche; go behind the scenes with Apple Originals like Severance, The Studio, and The Morning Show; and listen to conversations with top artists like Bad Bunny, Charli xcx, and Keith Urban.

    The Apple Vision Pro App for iPhone

    The Apple Vision Pro app for iPhone offers a new way for users to discover new spatial experiences, queue apps and games to download, easily find tips, and quickly access information about their Vision Pro, all from their iPhone.

    The Discover page features recommendations for new and notable experiences on Apple Vision Pro, from popular apps like Explore POV and JigSpace, to Apple Arcade games like Gears & Goo, to Apple Immersive experiences like Metallica, which gives viewers unprecedented access to the band through a remarkable storytelling format only possible on Vision Pro.

    The My Vision Pro page helps users get the most out of their Apple Vision Pro, offering tips and key information such as their current visionOS version and device serial number. Users with vision correction needs can now store and view the App Clip code for their ZEISS Optical Inserts in the Apple Vision Pro app.

    New Enhancements to Guest User

    visionOS 2.4 lets users start a Guest User session on Apple Vision Pro with their nearby iPhone or iPad. To make it easier to guide a guest through the Vision Pro experience, users can now choose which apps are accessible to their guests and start View Mirroring with AirPlay from their iPhone.

    New Apple Immersive Video Content

    VIP: Yankee Stadium premieres this Friday, April 4, featuring an all-encompassing look at how elite athletes, die-hard fans, dedicated staff, and epic moments make the Bronx ballpark legendary. Bono: Stories of Surrender pulls back the curtain on the deeply personal experiences that have shaped Bono as a son, father, husband, activist, and U2 frontman. The groundbreaking film from Apple TV+ premieres May 30, and will be available in 2D and in Apple Immersive Video.

    Availability

    • visionOS 2.4 is available today as a free software update for Apple Vision Pro. For more information, visit apple.com/visionos/visionos-2. Some features may not be available in all regions or languages.
    • Apple Vision Pro is available in Australia, Canada, China mainland, Hong Kong, France, Germany, Japan, Korea, Singapore, Taiwan, the UAE, the UK, and the U.S.
    • Apple Intelligence will be available in beta on Apple Vision Pro with visionOS 2.4. The first set of features will be available for Vision Pro users with their device and Siri language set to U.S. English. Feature availability varies by region; Apple Intelligence is subject to regulatory approval and not yet available in China.
    • The Spatial Gallery app will be installed with visionOS 2.4 for users in Australia, Canada, France, Germany, Hong Kong, Japan, Korea, Singapore, Taiwan, the UAE, the UK, and the U.S. It can be downloaded from the App Store for Vision Pro.
    • The Apple Vision Pro app for iPhone will be available with iOS 18.4. The app will be available to download from the App Store, and will automatically appear on a user’s iPhone once they update to iOS 18.4 and have both devices associated with the same Apple Account.
    1. The first set of features will be available for Apple Vision Pro users with their device and Siri language set to U.S. English.
    2. Integration with ChatGPT is available only in regions where the ChatGPT app and service is available. Refer to Open AI for Chat GPT availability.

    Press Contacts

    Corey Nord

    Apple

    cnord2@apple.com

    Andrea Schubert

    Apple

    a_schubert@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Global Banks –

  • MIL-OSI Banking: Apple Intelligence features expand to new languages and regions today

    Source: Apple

    Headline: Apple Intelligence features expand to new languages and regions today

    Apple Intelligence, the personal intelligence system that delivers helpful and relevant intelligence while taking an extraordinary step forward for privacy in AI, is expanding to even more people around the world. Starting today, with the availability of iOS 18.4, iPadOS 18.4, and macOS Sequoia 15.4, Apple Intelligence features are now available in many new languages, including French, German, Italian, Portuguese (Brazil), Spanish, Japanese, Korean, and Chinese (simplified) — as well as localized English for Singapore and India — and are accessible in nearly all regions around the world.

    In addition, iPhone and iPad users in the EU have access to Apple Intelligence features for the first time, and Apple Intelligence expands to a new platform with an initial set of features available in U.S. English with Apple Vision Pro — helping users communicate, collaborate, and express themselves in entirely new ways. Now, Vision Pro users can proofread, rewrite, and summarize text using Writing Tools; compose text from scratch using ChatGPT in Writing Tools; explore new ways to express themselves visually with Image Playground; create the perfect emoji for any conversation with Genmoji; and much more.

    This release also comes with additional Apple Intelligence features, including Priority Notifications to help users stay on top of time-sensitive communications, the ability to create a memory movie on Mac by simply typing a description, and an added Sketch style in Image Playground that creates academic and highly detailed sketches.

    Apple Intelligence marks an extraordinary step forward for privacy in AI and is designed to protect users’ privacy at every step. It starts with on-device processing, and for requests that require access to larger models, Private Cloud Compute extends the privacy and security of iPhone into the cloud to unlock even more intelligence.

    MIL OSI Global Banks –

  • MIL-OSI Europe: Press release – Opening: 31 March – 3 April plenary session

    Source: European Parliament 3

    President Metsola opened the 31 March – 3 April plenary session in Strasbourg with the following announcements.

    Sanctions for disruption of International Holocaust Remembrance Day ceremony

    President Metsola announced the imposition of a penalty on Grzegorz Braun (Non-attached, PL), following his disruptive actions and improper behaviour which “inflicted severe damage on the dignity and reputation of Parliament” during the European Parliament’s solemn session marking International Holocaust Remembrance Day on 29 January 2025.

    Taking into account the recurrent nature of the MEP’s disrespect for Parliament’s standards of conduct, the penalty consists of the forfeiture of his entitlement to the daily subsistence allowance for a period of 30 days, as well as a temporary suspension from participation in all the plenary activities of Parliament for a period of 30 days starting from 10 March 2025, in accordance with Rule 183(5)(e) of Parliament’s Rules of Procedure. In addition, Mr Braun is also suspended from participation in the next Parliament solemn session commemorating International Holocaust Remembrance Day, in January 2026.

    Penalty on MEP Alvise Pérez

    Based on the conclusions of the advisory committee on the conduct of Members, President Metsola has decided to impose a penalty on Alvise Pérez MEP (Non-attached, ES) according to rule 183 of the rules of procedure for breaching the transparency obligations in Article 4 of the code of conduct for MEPs. The penalty consists of the forfeiture of the daily subsistence allowance for a period of two days.

    Changes to the agenda

    Monday

    The session will be extended until 23.00.

    Wednesday

    The debate on the European oceans pact (Council and Commission statements) is moved as second point in the afternoon, after the topical debate.

    The Commission statement on Threat to freedom of expression in Algeria: the five-year prison sentence of French writer Boualem Sansal, with one round of group speakers, is added as the seventh point in the afternoon, before the debates under Rule 150. As a consequence, the sitting is extended to 23:00.

    Outgoing MEPs

    Maximilian KRAH (Non-attached, DE)

    Interinstitutional negotiations

    The LIBE, AGRI, and TRAN committees have decided to enter into interinstitutional negotiations, pursuant to Rule 72, paragraph 1 of the Rules of procedure, on the basis of the following reports.

    MIL OSI Europe News –

  • MIL-OSI Global: Elisapie’s Juno-winning album: Promoting Inuktitut through music

    Source: The Conversation – Canada – By Richard Compton, Professor, Department of Linguistics, Université du Québec à Montréal (UQAM)

    Singer Elisapie’s fourth album, Inuktitut, was nominated for adult alternative album of the year and album of the year at the 2025 Juno Awards, and won best adult alternative album at the Juno Awards Gala, March 29.

    The album features covers of 10 pop and classic rock songs, including the Rolling Stones’s “Wild Horses” and Metallica’s “The Unforgiven,” re-imagined in Inuktitut. Inuktitut is the first language of 33,790 Inuit in Canada, according to the 2021 Census.

    Elisapie’s nomination offers a good opportunity to reflect on the situation of Inuktitut and how creative work, including music, helps promote it.

    Our work touches on the inter-generational transmission of Inuktitut. We share perspectives as a Qallunaaq (non-Inuk) linguist (Richard) and as an Inuk school teacher (Sarah) in Nunavik, with Sarah’s personal experiences in the community highlighted.

    Together, we have co-taught courses for Inuit teachers in Puvirnituq and Ivujivik. We are also both affiliated with a research group focused on Indigenous education based at Université du Québec en Abitibi-Témiscamingue.

    Elisapie’s ‘Isumagijunnaitaungituq’ (The Unforgiven)

    Music in Inuktitut

    Sarah notes that:

    I was amazed that [Elisapie] could make the long words in Inuktitut fit with the rhythm of the music; she did it so precisely. It took me back to the 1980s, when I was growing up. It would have been nice if songs like these had been interpreted back then. It’s been a long time coming, but it shows that nothing is impossible. The songs sound so natural in Inuktitut.

    On the day we talked about this story, Sarah remembered:

    I was at the Snow Festival yesterday [in Puvirnituq], and some of the teenagers knew all the words to her songs and were singing along. We didn’t have that when I was growing up.

    She remembers first seeing Elisapie sing in the early 1990s at one of the first snow festivals in Puvirnituq.

    Elisapie’s album has also sparked interest outside of Canada, with stories in such venues as Rolling Stone, Vogue and Le Monde.

    Beyond how Elisapie beautifully interprets the songs, creative choices like using throat singing on the first track, “Isumagijunnaitaungituq (The Unforgiven),” and stunning music videos showcasing life in the North brings the language to a wider audience.

    The album’s cover art features the word Inuktitut, ᐃᓄᒃᑎᑐᑦ, in syllabics — a writing system originally use for Cree and adapted to Inuktitut, where the individual symbols represent consonants and the way they point represents vowels.

    Elisapie’s ‘Taimangalimaaq’ (Time After Time)

    Diversity of the Inuit language

    The word Inuktitut itself means “like the Inuit,” and is the name for part of a wider language continuum spoken across the North American Arctic. This language continuum includes Iñupiaq in Alaska, Uummarmiutun, Sallirmiutun and Inuinnaqtun in the Western Canadian Arctic, Inuktitut in the Eastern Arctic, Inuttut in Labrador and Kalaallisut in Greenland.

    This abundance of names reflects a diversity of varieties, each with their own pronunciations and differences in grammar and vocabulary stretching across Inuit Nunangat, the Inuit homeland.

    Speakers in each community look to their Elders as models of how the language should be spoken. While this multiplicity of dialects poses challenges for translation and creating teaching materials, each variety marks local identity and links generations.

    This diversity also fascinates linguists, as each variety attests to a different way of organizing the unconscious rules of grammar in the human mind.

    For instance, Inuktitut has a rich system of tense markers on verbs, signalling events that just happened, happened earlier today, before today or long ago. Inuinnaqtun, to the west, lacks most of these tense markers, but instead allows more complex combinations of sounds.

    A role model for youth

    Sarah stresses the importance of Elisapie’s music for the language:

    It’s so impressive that people like Elisapie are doing such amazing things with the language. She grew up around the same time as me and when I was in school there were so few teaching materials in Inuktitut, and we focused more on speaking than reading and writing. Even if her main goal might not have been to promote the language, she’s doing it, because kids listen to her. More teenagers are willing to sing in Inuktitut now because they have role models like her and Beatrice Deer.

    Deer is an Inuk and Mohawk musician from Quaqtaq, Nunavik, who also sings in Inuktitut, as well as English and French.

    Indigenous language education rights

    In Canada, all levels of government have failed to provide adequate access to education in Indigenous languages, even in regions where Indigenous Peoples form the majority.

    In Nunavik, where Elisapie is from, 90 per cent of the population (12,590 out of 14,050) identifies as Inuit and 87 per cent (12,245 out of 14,050) report Inuktitut as their first language. And yet Inuktitut is only the primary language of instruction up until Grade 3.

    About promoting Inuktitut, Sarah says:

    We’re lucky that in most of the villages in Nunavik, the language is still strong. But it’s still concerning that some people have started speaking in English to their kids. What we really need to promote it is to have school in Inuktitut from kindergarten to the end of high school [secondary 5 in Québec]. That’s why a group of Inuit teachers, including me, visited Greenland to learn more about their education system. They’ve had schools in their language for almost 200 years. We just started in the ‘50s.

    While bilingualism may bring economic benefits, the lack of support for Indigenous languages often results in a situation where bilingualism robs children of the chance to fully develop in their first language.

    Right to education in Indigenous language

    In addition to violating Indigenous Peoples’ inherent right to get an education in their language (see the United Nations Declaration on the Rights of Indigenous Peoples), current education policies also go against recommendations of the United Nations Educational, Scientific and Cultural Organization (UNESCO).

    UNESCO recommends that Indigenous minority languages be taught as the primary language in school for the first six to eight years, as this has been shown to contribute to children’s well-being and self-esteem.

    Unfortunately, Canada’s official language laws continue to place the two colonial languages of English and French above Indigenous languages, particularly in education funding.



    Read more:
    Ancestral languages are essential to Indigenous identities in Canada

    New challenges have also emerged for maintaining and extending the domains in which Inuktitut is used. Once cut off from high-speed internet, new satellite technology has brought access to more Inuit communities, along with new economic opportunities.

    However, this connectivity also brings an avalanche of English content, from viral videos and streaming platforms to social networks and mobile games.

    Vital for promoting Inuktitut

    It is in this changing linguistic and media landscape where Inuktitut language and cultural production, like Elisapie’s album, are vital for promoting Inuktitut.

    Children and teenagers need content that speaks to them — things they see as new, fun, cool and representing their generation. This includes music, comic books, novels, video games and even Hockey Night in Canada in Inuktitut.

    So whether Elisapie’s music is being played in community radio stations, featured in an episode of CBC’s North of North or streamed as a music video on social media, it serves the added role of taking up a little more space for Inuktitut in people’s daily lives.

    This is an updated version of a story originally published on March 28, 2025. It clarifies Elisapie was nominated for two awards and won best adult alternative.

    Richard Compton receives funding in the form of research grants from the Social Sciences and Humanities Research Council of Canada. He holds the Canada Research Chair in Transmission and Knowledge of the Inuit Language.

    Sarah Angiyou 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. Elisapie’s Juno-winning album: Promoting Inuktitut through music – https://theconversation.com/elisapies-juno-winning-album-promoting-inuktitut-through-music-251774

    MIL OSI – Global Reports –

  • MIL-OSI USA: Congressman Jackson condemns Trump’s attack on diversity in Europe

    Source: United States House of Representatives – Representative Jonathan Jackson – Illinois (1st District)

    As a member of the United States Congress and a lifelong advocate for civil rights and social justice, I strongly condemn the recent attempts by the U.S. administration to impose restrictions on diversity, equity, and inclusion (DEI) initiatives within European companies. These heavy-handed and misguided actions—threatening legal consequences for European firms that promote workplace inclusion—are not only a diplomatic affront but also an unlawful overreach that undermines global progress toward equality.

    It is particularly disturbing to see these efforts unfold in the wake of the Supreme Court’s ruling in Students for Fair Admissions v. Harvard, which reaffirmed that diversity is a compelling interest of the United States government, particularly in our military and other institutions vital to national security. The decision recognized that diversity strengthens our armed forces, ensuring cohesion, readiness, and operational success. If DEI is essential to the strength of our military—the very institution charged with defending American democracy—then the same principles hold true across all sectors of our society and economy.

    The current administration’s attempt to dismantle DEI programs through executive fiat contradicts established legal precedent and violates federal anti-discrimination laws. Title VII of the Civil Rights Act prohibits employment discrimination, and dismantling DEI initiatives aimed at ensuring compliance with these laws is, in itself, unlawful. These efforts are not just politically motivated; they are legally indefensible.

    France’s forceful rejection of this overreach is commendable. French Foreign Trade Minister Laurent Saint-Martin and Gender Equality Minister Aurore Bergé have made it clear that their nation will not bow to pressure that runs counter to their values of inclusion and equal opportunity. The United States should take a lesson from its allies rather than attempt to export regressive policies that undermine human rights and economic advancement.

    Let me be clear: attacks on DEI initiatives are not just attacks on progressive ideals—they are attacks on the very legal foundations of equal opportunity in the United States and abroad. These policies are not just moral imperatives; they are legal obligations. I call on my colleagues in Congress, the business community, and international leaders to resist these unlawful and counterproductive efforts. We must ensure that America leads by example in championing diversity, equity, and inclusion, rather than engaging in reckless policies that harm our standing in the world and violate our own laws.

    MIL OSI USA News –

  • MIL-OSI Europe: UN – Armenia signs on to French-Mexican initiative to regulate veto powers at the Security Council (31.03.25)

    Source: Republic of France in English
    The Republic of France has issued the following statement:

    France and Mexico welcome Armenia’s decision to join the initiative to limit veto powers at the Security Council in cases of mass atrocities. This announcement reflects a commitment to effective multilateralism, bolstering the Security Council’s ability to act in such situations.

    France, which will chair the Security Council for one month starting on April 1, pledged in 2015 not to use its veto power in cases of mass atrocities. This initiative, which we launched with Mexico the same year, now has the support of 107 nations. It will mark its 10th anniversary this year, during the 80th UN General Assembly High-level Week.

    MIL OSI Europe News –

  • MIL-OSI: 2024 Earnings Report

    Source: GlobeNewswire (MIL-OSI)

    Continued recovery of margins and strong improvement in cash generation

    Relevance of the selectivity strategy implemented in 2024, prioritizing margins

    • Another year of strong improvement in adjusted EBITDA margin: 7.5% in 2024, up 40 basis points compared to 2023
    • Slight increase in adjusted EBITDA to €75.1 million, despite the 5.8% decrease in revenue
    • Gradual recovery in net income, group share: -€15.8 million in 2024, compared with -€22.7 million in 2023
    • Net income, group share adjusted for amortization of customer relationships: -€6.0 million, compared with -€12.9 million in 2023

    Sustained momentum for the Group’s profitable growth drivers

    • Confirmation of Germany’s strong potential: +33.6% growth, accretive adjusted EBITDA margin for the Group
    • Expansion of the Energy business: +28.5% growth, including +52.0% in France, driven by accelerated development in solar

    Strong improvement in cash generation, solid financial position

    • Net free cash flow: €5.9 million, compared with -€17.0 million in 2023
    • Net bank debt: €0.8 million at the end of 2024
    • Bank debt successfully refinanced in November 2024 for €120 million

    On track to meet 2026 targets

    • Tripling of revenue in Germany compared to 2023
    • Tripling of revenue in Energy in France compared to 2023
    • Adjusted EBITDA margin above 10% in the Group’s three main geographies: Benelux, France and Germany

    Today, Solutions30 SE is announcing its consolidated earnings for the year ended December 31, 2024, prepared in accordance with IFRS. Solutions30’s 2024 consolidated financial statements as approved by the Management Board were examined by the Supervisory Board on March 31, 2025. The auditors, PKF Audit & Conseil, have completed their audit of the consolidated financial statements for the year ended December 31, 2024. The audit report relating to the certification of these statements as well as the Group’s consolidated financial statements for 2024 are available on the Solutions30 website (www.solutions30.com) under the “Investor Relations” section.

    Gianbeppi Fortis, Chief Executive Officer of Solutions30, stated: “In 2024, we made the strategic choice to prioritize margin improvement over revenue growth, adopting a more selective approach in certain mature markets. This choice has paid off as, this year, we were once again able to significantly improve our margins and we even achieved a slight increase in our adjusted EBITDA, despite a decline in revenue. The German market, where we are now firmly established, has confirmed its strong potential. Increased infrastructure investment in Germany should further expand the range of opportunities available to us. Energy services also confirmed their status as a solid growth driver, particularly in France, where they accounted for almost 30% of our Q4 revenue, with excellent prospects, especially in renewable energy.
    Following significant transformations in 2024, both in our organization and in our business portfolio, we are entering 2025 on a solid footing, with renewed confidence in the Group’s fundamentals. We have set a clear path for 2026, which we presented at our Capital Markets Day last September: tripling our revenue in Germany and in energy services in France, and achieving an adjusted EBITDA margin above 10% in our three main geographies. We are well on track to meet these ambitions.”

    Key figures – Consolidated data
    In millions of euros 2024 2023 Change
    Revenue 996.0 1,057.0 (5.8)%
    Adjusted EBITDA 75.1 74.6 0.7%
    As a % of revenue (EBITDA margin) 7.5% 7.1%  
    Adjusted EBIT 28.4 22.6 25.6%
    As a % of revenue 2.9% 2.1%  
    Operating income 0.6 (2.7) n.a.
    As a % of revenue 0.1% (0.3)%  
    Net income, group share (15.8) (22.7) n.a.
    Adjusted net income, group share * (6.0) (12.9) n.a.
    Free cash flow 40.2 13.4  
    Free cash flow net 5.9 (17.0)  
           
    Financial position figures
    In millions of euros    		 31.12.2024 31.12.2023 Change
    Equity 108.1 124.6 (16.5)
    Net debt 73.8 78.4 (4.7)
    Net bank debt 0.8 (5.7) 6.5

    * Adjusted for amortization of customer relationships (group share) net of the associated tax impact – charge relating to past acquisitions, purely accounting in nature, with no cash impact, and unrelated to tangible assets.

    Solutions30’s consolidated revenue for 2024 amounted to €996.0 million, down -5.8% compared to 2023. This includes an organic contraction of -6.4%, a +0.2% impact from acquisitions, and a +0.4% favorable exchange rate effect. It reflects the Group’s strategic orientations, aimed at giving greater priority to margins over revenue growth, in a context where it is currently operating in markets and business segments at different stages of maturity. Solutions30 chose to scale down its exposure to the telecommunications sector notably in France and in Spain, where certain contracts no longer met its profitability requirements. At the same time, the Group accelerated its development in its profitable growth drivers in Germany and in energy services.

    Adjusted EBITDA amounted to €75.1 million, up +0.7% on 2023, despite lower revenue, reflecting a further increase in adjusted EBITDA margin to 7.5% from 7.1% in 2023 (+40 basis points). This performance reflects the relevance of the selective strategy implemented by the Group in 2024.

    Free cash flow reached €40.2 million, a clear €26.8 million improvement compared to 2023 (€13.4 million). This reflects a favorable trend in working capital, in a context where Solutions30 is increasingly and continuously focusing on profitability and cash generation. Net free cash flow, after repayment of lease liabilities and interest paid on these liabilities, turned positive in 2024, at €5.9 million, compared with a negative -€17.0 million in 2023.

    As a result, the Group’s financial position remains very solid, with a cash position net of bank debt close to breakeven at the end of 2024 (-€0.8 million). In addition, all financing needs are fully covered by the successful refinancing of the Group’s bank debt in November 2024, for a total amount of €120 million.

    Analysis by geographical segment

      2024 2023 Change
    Benelux      
    Revenue 371.6 381.6 (2.6)%
    Adjusted EBITDA 37.1 43.6 (14.9)%
    Adjusted EBITDA margin % 10.0% 11.4% (140 bps)
    France      
    Revenue 360.8 403.3 (10.5)%
    Adjusted EBITDA 34.1 35.5 (3.9)%
    Adjusted EBITDA margin % 9.5% 8.8% +70bp
    Other Countries      
    Revenue 263.6 272.1 (3.1)%
    Adjusted EBITDA 16.3 5.5 +196.4%
    Adjusted EBITDA margin % 6.2% 2.0% ‘+420bp
    HQ* (12.4) (10.0) 24%
    Revenue 996.0 1,057.0 (5.8)%
    Adjusted EBITDA 75.1 74.6 +0.7%
    Adjusted EBITDA margin % 7.5% 7.1% +40 bps

       * Costs related to the Group’s centralized functions

    Benelux

    In the Benelux, the Group’s leading geography in terms of revenue, revenue amounted to €371.6 million in 2024, down slightly by -2.6% (-2.8% organic) from a very high comparison basis (+72% in 2023). This decline is due to the Connectivity business (2024 revenue of €282.2 million, down -7.2%), as the fiber-optic roll-out in Belgium has been slowed by negotiations between service providers aimed at streamlining their roll-out operations nationwide. In addition, the merger between Proximus and Fiberklaar is prompting the adaptation of the Group’s operational processes.

    Energy revenue reached €64.8 million, up +11.6%, driven by the roll-out of smart meters and strong momentum in energy transition support services, notably with the entry into production of the contract to modernize over 1,000 km of low-voltage electricity network in Flanders. In addition, the acquisition of Xperal in September 2024 opens up new prospects in the solar sector in Benelux.

    Lastly, Technology activities maintained their strong momentum, with revenue up by +27.6% to €24.5 million, driven notably by the launch of a new IT support contract in the fourth quarter.

    The Benelux’s adjusted EBITDA margin remained in double-digit territory throughout the year at 10.0%, demonstrating the Group’s ability to effectively adapt its processes and organization to the temporary slowdown in the Connectivity business. Adjusted EBITDA thus amounted to €37.1 million in 2024.

    France

    In France, revenue amounted to €360.8 million, down -10.5% (-11.0% organic). Revenue from the Connectivity business contracted by -26.9% to €208.8 million, reflecting the selective measures implemented since the second quarter to improve margins. This has led the Group to significantly reduce its exposure to certain contracts that were no longer meeting its profitability requirements, with an impact compounded by the slow-down in the fiber roll-out market since the beginning of the year.

    In 2024, Solutions30 successfully continued to expand its Energy business, achieving sustained growth of +52.0% to reach revenue of €78.4 million, or 22% of the total (almost 30% in the fourth quarter). In the photovoltaic sector, the Group benefits from a highly dynamic market and a leading position. The Energy business thus represents a strategic diversification lever for the Group in France, with the ambition of reaching €150 million in revenue from this segment by 2026.

    In the Technology business, revenue amounted to €73.6 million, up +11%, driven by a surge in activity linked to the 2024 Olympics and continued momentum in IT support services.

    France’s adjusted EBITDA margin stood at 9.5%, up 70 basis points compared to 2023. This increase results from the increased selectivity strategy implemented in the Connectivity business, which prioritizes margin improvement over revenue growth. It also reflects the ramp-up of the Energy business and the associated scale effects, as well as ongoing efforts to streamline the organization and central functions.

    Other Countries

    In Other Countries, revenue amounted to €263.6 million, down -3.1%. This trend includes an organic contraction of -4.5% partially offset by a positive currency effect of +1.4%, reflecting the appreciation of the zloty and the pound sterling against the euro during the period.

    With revenue up +33.6% to €84.4 million, Germany confirms in 2024 its status as a powerful growth driver and the Group’s future third pillar in Europe, alongside Benelux and France. Leveraging strong relationships with Germany’s six main telecom service providers, Solutions30 is successfully replicating its business model in this market whose exceptional potential continues to materialize, supported by the accelerated roll-out of fiber networks, and strong future investment momentum in infrastructure in general.

    In Poland, strong growth continues, reaching +18.0% in 2024. In Italy, the agreement reached with the main telecom client has effectively eliminated the associated risk, allowed business to return to normal as of the third quarter, with progressively improving economic conditions expected over the first half of 2025. Revenue was down -16.0% for the year, but returned to growth in the fourth quarter. In Spain, where revenue contracted by -34.2%, the Group has considerably reduced its exposure to the mature telecoms market, and is restructuring its Connectivity business while refocusing on the Energy and Technology businesses. Finally, in the United Kingdom, revenue was down -23.3%, reflecting increased selectivity and a refocusing on the fiber and energy services markets.

    Adjusted EBITDA in Other Countries stood at €16.3 million, three times its 2023 level (€5.5 million). The adjusted EBITDA margin was 6.2%, compared with 2.0% in 2023. This significant improvement reflects Germany’s solid performance. It also results from the return to breakeven in Italy, after the losses recorded in 2023, as well as the initial progress made in the United Kingdom.

    Consolidated earnings

    On the basis of adjusted EBITDA of €75.1 million for 2024, after accounting for depreciation and operational of €14.9 million (compared to €22.8 million in 2023), and after amortization of the right-of-use assets (IFRS 16) amounting to €31.8 million (€29.2 million in 2023), the Group’s adjusted EBIT stood at €28.4 million, up +25.6% compared to 2023, representing 2.9% of full-year revenue (2.1% in 2023).

    Operating income returned to positive territory in 2024, reaching €0.6 million, compared with a loss of -€2.7 million in 2023. It includes:

    • €13.4 million in net non-current operating expenses. These expenses mainly include restructuring costs, reflecting the measures taken by the Group to support the selective downsizing in certain markets and to optimize its organizational structure accordingly, particularly in Spain, the United Kingdom, and France.
    • €14.5 million in amortization of customer relationships, stable compared to 2023. This charge, relating to past acquisitions, is purely accounting in nature, with no impact on cash flow, and does not relate to tangible assets.

    Net financial income was -€14.7 million, compared with -€13.1 million in 2023. It includes a bank interest charge of -€7.2 million, compared with -€5.4 million in 2023, mainly reflecting a higher average drawdown in 2024, and interest on leases (IFRS 16) of -€3.2 million (-€1.7 million in 2023). It also includes, in 2024, non-cash income of €1.1 million, linked to the downward adjustment of earn-out liabilities from past acquisitions (compared with a -€0.8 million charge in 2023).

    After accounting for a net tax expense of -€1.4 million, the Group’s share of So-Tec’s income (equity-accounted) for €0.4 million, and deducting minority interests of €0.7 million, Net income group share amounted to -€15.8 million, a considerable improvement compared to 2023 (-€22.7 million). Adjusted for the amortization of customer relationships net of the related tax impact, Adjusted net income Group share – which strictly reflects the Group’s operating performance – amounted to -€6.0 million, compared with -€12.9 million in 2023.

    Cash flow

    The Group’s 2024 operating cash flow was €56.6 million. The change in working capital, restated for non-cash items, represents an inflow of €1.6 million, compared with an outflow of -€26.2 million in 2023. In addition to the impact from the decrease in revenue, this sharp improvement reflects the Group’s evolving business profile, as well as the enhanced focus on cash generation, with favorable trends in average customer payment terms and advance payment flows. The change in working capital includes a significant reduction in factoring of -€40.5 million, due to a lower volume of receivables in France as a result of the aforementioned decrease in activity, as well as favorable payment terms in Germany. As a result, net cash flow from operating activities rose sharply in 2024, to €58.2 million, compared to €34.1 million in 2023.

    Net investments amounted to €18.0 million, or -1.8% of revenue, in line with their normative levels of around 2%, and were mainly related to information systems and technical equipment. In particular, Solutions30 relies on its proprietary IT platform, Smartfix, as a strategic tool to efficiently manage its large-scale operations. This platform accounts for the bulk of the Group’s annual investments.

    Overall, free cash flow amounted to €40.2 million in 2024, a significant improvement over 2023 (€13.4 million). After repayment of lease liabilities and related interest (IFRS 16), amounting to -€34.3 million, net free cash flow turned positive in 2024, at €5.9 million, compared with -€17.0 million in 2023.

    Taking into account -€3.5 million in earn-outs paid on past acquisitions, -€0.1 million in acquisitions made during the period, -€6.9 million in interest paid, -€14.3 million in net reimbursements of loans, -€1.9 million in debt issuance costs and the -€1.1 million impact of exchange rate fluctuations, the change in cash position was -€22.0 million.

    Financial position

    Solutions30 maintains a solid financial position, combining strong liquidity with a net financial debt of almost zero. At December 31, 2024, the Group’s gross cash position stood at €96.3 million, compared with €118.2 million at the end of December 2023. Gross bank debt amounted to €97.0 million, compared with €112.5 million at December 31, 2023, due to the repayment of loans during the year. As a result, the Group’s net bank debt was nearly breakeven, at €0.8 million at December 31, 2024, compared with a net cash position of €5.7 million at December 31, 2023.

    This financial position is all the more solid given the significant reduction in receivables sold under the Group’s non-recourse factoring program, which amounted to €69 million as of December 31, 2024, compared to €109 million as of December 31, 2023. Factoring can finance working capital from recurring activities that have fully developed, at a very modest cost. This program, combined with a solid financial position, provides Solutions30 with the resources it needs to finance its growth strategy.

    Including €68.8 million in lease liabilities (IFRS 16) and €4.1 million in potential financial debt linked to future earnouts and put options, the Group’s total net debt stood at €73.8 million at December 31, 2024, down slightly from €78.4 million at December 31, 2023.

    In November 2024, Solutions30 completed the refinancing of its entire bank debt, for a total amount of €120 million, including an effective loan of €83 million and a loan commitment of €37 million to finance growth. This new facility, arranged with a syndicate of eight core relationship banks, strengthens the Group’s financial base and provides it with the resources needed to support its continued expansion, particularly in the energy sector. With a 7-year maturity, it also extends the debt maturity profile while maintaining a cost comparable to that of the previous debt.

    Outlook

    Following a year in which Solutions30’s selective strategy proved effective, the Group intends to continue prioritizing margins over volumes in its most mature markets, while allocating more resources to segments offering the strongest prospects for profitable growth, particularly in Germany and in energy services.

    Confident in its positioning and ability to seize the numerous opportunities within its markets, the Group is fully committed to achieving its 2026 objectives, as presented at the Capital Markets Day held on September 26, 2024. These include achieving an adjusted EBITDA margin in excess of 10% in each of its three main geographies: Benelux, France, and Germany.

    In the Benelux, the Group is confident it will be able to capitalize on its leading market position and return to growth during 2025.

    In France, Energy Solutions revenue is set to triple compared with 2023, reaching €150 million in 2026. For Connectivity Solutions, the Group is focused on stabilizing its activity levels while applying strict contract selectivity.

    In Germany, Solutions30 is targeting a first milestone in 2026, with revenue ranging between €150 million and €200 million. Germany should continue to grow faster than the rest of the Group, ultimately becoming one of its largest contributors. In the longer term, the country is set to benefit from strong investment momentum in infrastructure, which should translate into numerous growth opportunities for Solutions30, not only in fiber optics, but also in Energy (smart grids, solar power, energy storage, electric vehicle charging infrastructure, smart meters) and Technology (rail network signaling, Internet of Things) businesses.

    In the rest of Europe, Solutions30 has adopted a portfolio management approach, aiming at sustaining Poland’s profitable growth, further improving performance in the UK, and either restoring margin in Italy and Spain by 2026 or initiating a strategic review in these two countries.

    Webcast for Investors and Analysts

    Date: Monday, March 31, 2025
    6:30 PM (CET) – 5:30 PM (GMT)

    Speakers:
    Gianbeppi Fortis, Chief Executive Officer
    Amaury Boilot, Group General Secretary

    Connection details:

    Webcast in French or English : https://channel.royalcast.com/solutions30-fr/#!/solutions30-fr/20250331_1

    Upcoming Events

    2025 Q1 Revenue Report – April 29, 2025 (after market close)
    TPICAP Conference – Paris – May 15, 2025
    Annual General Meeting – June 17, 2025
    Portzamparc Mid & Small Caps Conference –  June 19, 2025
    2025 Half-year Results – September 17, 2025 (after market close)
    2025 Q3 Revenue Report – November 5, 2025 (after market close)        

    About Solutions30 SE

    Solutions30’s mission is to make the technological developments that are transforming our daily lives accessible to everyone, individuals and businesses alike, especially with regard to the digital transformation and the energy transition. With its network of more than 16,000 technicians, Solutions30 has completed over 65 million call-outs since its inception and led over 500 renewable energy projects with a combined maximum output surpassing 1800 MWp. Every day, Solutions30 is doing its part to build a more connected and sustainable world. Solutions30 has become an industry leader in Europe with operations in 10 countries: France, Italy, Germany, the Netherlands, Belgium, Luxembourg, Spain, Portugal, the United Kingdom, and Poland. The capital of Solutions30 SE consists of 107,127,984 shares, equal to the number of theoretical votes that can be exercised. Solutions30 SE is listed on the Euronext Paris exchange (ISIN FR0013379484- code S30). Indices : CAC Mid & Small | CAC Small | CAC Technology | Euro Stoxx Total Market Technology | Euronext Tech Croissance.
    Visit our website to learn more: www.solutions30.com

    Contact

    Individual Shareholders:
    actionnaires@solutions30.com – Tel: +33 1 86 86 00 63

    Analysts/Investors:
    investor.relations@solutions30.com

    Press – Image 7 :
    Charlotte Le Barbier – Tel: +33 6 78 37 27 60 – clebarbier@image7.fr

    The Group uses financial indicators not defined by IFRS:

    • Profitability indicators and their components are key operational performance indicators used by the Group to monitor and evaluate its overall operating earnings and earnings by country.
    • Cash flow indicators are used by the Group to implement its investment and resource allocation strategy.

    The non-IFRS financial indicators used are calculated as follows:

    Organic growth includes the organic growth of acquired companies after they are acquired, which Solutions30 assumes they would not have experienced had they remained independent. In 2024, the Group’s organic growth included only the internal growth of its long-standing subsidiaries.

    Adjusted EBITDA is the “operating margin” as reported in the Group’s financial statements.

    Free cash flow corresponds to the net cash flow from operating activities minus the acquisitions of intangible assets and property, plant and equipment net of disposals.

    Calculation of free cash flow:

    In millions of euros 31.12.2024 31.12.2023
    Net cash flow from operating activities         58.2                 34.1        
    Acquisition of fixed assets, net         (18.6)         (21.4)
    Disposal of non-current assets after tax         0.7                 0.7        
    Free cash flow         40.2                 13.4        

    Net free cash flow corresponds to free cash flow less “Repayment of lease liabilities” and “Interest paid on lease liabilities” as shown in the Group’s consolidated statement of cash flows.

    Calculation of net free cash flow:

    In millions of euros 31.12.2024 31.12.2023
    Free cash flow         40.2                 13.4        
    Repayment of lease liabilities         (31.1)         (28.7)
    Interest paid on lease liabilities         (3.2)         (1.7)
    Free cash flow net         5.9                 (17.0)

    Cash net of bank debt corresponds to “Cash and cash equivalents” as it appears in the Group’s financial statements from which is deducted “Loans from credit institutions, long-term” and “Short-term loans from credit institutions, lines of credit, and bank overdrafts” as they appear in note 10.2 of the Group’s annual financial statements.

    Adjusted EBIT corresponds to operating income as shown in the Group’s financial statements, to which “Customer relationship amortization” and “Other non-current operating expenses” are added and from which “Other non-current operating income” is deducted.

    Reconciliation between operating income and adjusted EBIT:

    In millions of euros 31.12.2024 31.12.2023
    Operating income         0.6                 (2.7)        
    Customer relationship amortization         14.5                 14.4        
    Other non-current operating income         (2.2)                 (0.4)        
    Other non-current operating expenses         15.5                 11.4        
    Adjusted EBIT         28.4                 22.6        
    As a % of revenue         2.9        %         2.1        %

    The adjusted group share of net income corresponds to the “Net income, group share” as shown in the group financial statements, to which is added “Amortization of customer relationships, group share” and from which is deducted the “Tax impact on amortization of customer relationships, group share.”

    In millions of euros 31.12.2024 31.12.2023
    Net income, group share         (15.8)         (22.7)
    Amortization of customer relationships, group share         13.2                 13.1        
    Tax impact on amortization of customer relationships, group share         (3.4)         (3.3)
    Adjusted group share of net income         (6.0)         (12.9)

    Net debt corresponds to “Debt, long-term,” “Debt, short-term,” and long- and short-term “Lease liabilities” as they appear in the Group’s financial statements from which “Cash and cash equivalents” as they appear in the Group’s financial statements are deducted.

    Net debt/EBITDA ratio corresponds to “net debt” divided by annualized EBITDA.

    Net debt-to-equity ratio corresponds to “net debt” divided by equity.

    Net debt:

    In millions of euros 31.12.2024 31.12.2023
    Bank debt         97.0                 112.5        
    Lease liabilities         68.8                 76.4        
    Future liabilities from earnouts and put options         4.1                 7.7        
    Cash and cash equivalents         (96.3)                 (118.2)        
    Net debt         73.8                 78.4        
         
    Operating margin (Adjusted EBITDA)         75.1                 74.6        
    Net debt ratio 0.98 1.05
         
    Equity         108.1                 124.6        
    % of net debt         68.2        %         62.9        %

    Net bank debt corresponds to “Long-term loans from credit institutions” and “Short-term loans from credit institutions, lines of credit, and bank overdrafts” as they appear in note 10.2 of the Group’s annual financial statements from which are deducted “Cash and cash equivalents” as they appear in the Group’s financial statements.

    Net bank debt:

    In millions of euros 31.12.2024 31.12.2023
    Loans from credit institutions, long-term         74.3                 75.6        
    Short-term loans from credit institutions and lines of credit         22.7                 37.0        
    Gross bank debt         97.0                 112.6        
    Cash and cash equivalents         (96.3)         (118.2)
    Net bank debt         0.8                 (5.7)
    Cash net of bank debt         (0.8)         5.7        

    Gross bank debt corresponds to “Loans from credit institutions, long-term” and “Short-term loans from credit institutions, lines of credit, and bank overdrafts” as they appear in note 10.2 of the Group’s annual financial statements.

    Working capital corresponds to “current assets” as reported in the Group’s financial statements (excluding “Cash and cash equivalents” and “Derivative financial instruments”) less “current liabilities” (excluding “Debt, short-term,” “Current provisions,” and “Lease liabilities”).

    Working capital:

    In millions of euros 31.12.2024 31.12.2023
    Inventory and work in progress         24.7                 25.7        
    Trade receivables and related accounts         219.5                 211.6        
    Current contract assets         0.9                 1.0        
    Other receivables         79.1                 66.5        
    Prepaid expenses         6.1                 3.1        
         
              (171.7)         (200.1)
    Trade payables         (143.4)         (120.8)
    Tax and social security liabilities         (21.0)         (15.0)
    Other current liabilities         (56.8)         (18.9)
    Working capital         (62.6)         (46.9)
         
    Change in working capital         (15.6)         17.7        
    Non-monetary items         14.0                 8.5        
    Change in working capital adjusted for non-monetary items         (1.6)         26.2        
         

    Net investments correspond to the sum of the lines “Acquisition of current assets,”
    “Acquisition of non-current financial assets,” and “Disposal of non-current assets after tax” as they appear in the consolidated statement of cash flows.
    Net investments:

    In millions of euros 31.12.2024 31.12.2023
    Acquisition of non-current assets         (18.2)         (21.6)
    Acquisition of non-current financial assets         (0.4)         0.2        
    Disposal of non-current assets after tax         0.7                 0.7        
    Net investments         (17.9)         (20.7)

    Operating costs correspond to costs incurred for the Group’s operations, included in the “operating margin” (excluding structural costs).

    Structural costs correspond to costs incurred by the Group’s head office functions in various countries, included in the “operating margin” (excluding operating costs).

    Expenses related to the Group’s centralized functions refer to costs incurred by the parent company’s headquarters functions and are included in the “operating margin.”

    Attachment

    The MIL Network –