Category: France

  • MIL-OSI: Proactis SA 12 months revenue 31 January 2025

    Source: GlobeNewswire (MIL-OSI)

    Proactis SA Announces Financial Information for the year ended 31 January 2025

    Paris – March 31, 2025 – Proactis SA (Euronext: PROAC), a leading provider of comprehensive spend management and business process collaboration solutions, today announces financial information for the year ended 31 Janvier 2025, in accordance with the “European Transparency Obligations Directive” financial disclosure requirements.

    Financial data

    in € million     12 months – Year ended 31 Jan 2025   18 months – Year ended 31 Jan 2024     % Change
    2025/ 2023(*)
                     
    Consolidated Operational Revenue     5.5   11.3     (52) %
    SaaS (**)     5.0   9.4     (47) %
    Services     0.4   1.9     (76) %
                     
    Management fees     3.8   6.6     (42) %
                     
    Consolidated Revenue     9.3   17.9     (48) %
    (unaudited Figures)                
    (*) Percentages calculated on exact numbers, not the rounded numbers shown
    (**) SaaS is a model of delivering technology where a software solution is hosted (cloud computing) as a service for its customers.
    Clients do not buy the technology but pay a subscription fee to use it.
     

    The extended 18-month period in the previous financial year reflected a change to the Proactis Group year-end date to 31st January. The current fiscal year covers the period from February 1st, 2024, to January 31st, 2025.

    Because of the extended additional 6 months on previous fiscal year period, pertaining to the change of year end date, the decrease of the revenue looks higher; still, it is below the level of the prior period due principally to non-renewal of contracts in specific non-core product areas, and contract value decreases.

    For clarity purposes we present the FY25 figures compared to the last 12 months of FY23, and they are as below:

    in € million     12 months – Year ended 31 Jan 2025   12 months period ended 31 Jan 2024   % Change
    2025/ 2023(*)
    (12 months to 01-2024)
                   
    Consolidated Operational Revenue     5.5   6.9   (20) %
    SaaS (**)     5.0   6.1   (18) %
    Services     0.4   0.8   (42) %
                   
    Management fees     3.8   4.5   (15) %
                   
    Consolidated Revenue     9.3   11.4   (18) %
    (unaudited Figures)              
    (*) Percentages calculated on exact numbers, not the rounded numbers shown
    (**) SaaS is a model of delivering technology where a software solution is hosted (cloud computing) as a service for its customers.
    Clients do not buy the technology but pay a subscription fee to use it.
       

    The change to Service revenues reflects a large implementation project in the FY23 comparative that has since been completed.

    The total consolidated revenue includes Group Management fees related to transfer pricing agreements.

    * * * *

    About Proactis SA (https://www.proactis.com/proactis-sa), a Proactis Company

    Proactis SA connects companies by providing business spend management and collaborative business process automation solutions for both goods and services, through The Business Network. Our solutions integrate with any ERP or procurement system, providing our customers with an easy-to-use solution which drives adoption, compliance and savings.

    Proactis SA has operations in France, Germany, USA and Manila.

    Listed in Compartment C on the Euronext Paris Eurolist.

    ISIN: FR0004052561, Euronext: PROAC, Reuters: HBWO.LN, Bloomberg: HBW.FP

    Contacts
    Tel: +33 (0)1 53 25 55 00
    E-mail: investorContact@proactis.com

    * * * *

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    The MIL Network

  • MIL-OSI United Kingdom: Joint Declaration by the Foreign Ministers of the Weimar +

    Source: United Kingdom – Executive Government & Departments

    Press release

    Joint Declaration by the Foreign Ministers of the Weimar +

    Joint Declaration by the Foreign Ministers of United Kingdom, Germany, France, Italy, Poland, Spain as well as the High Representative of the European Union for Foreign Affairs and Security Policy in Madrid (31st March 2025)

    30/03/2025. Madrid, Spain. Foreign Secretary David Lammy poses for family photo ahead of Weimar+ meeting. Picture by Ben Dance / FCDO

    Three days after the anniversary of the Bucha massacre, we reiterate our unwavering support for Ukraine’s independence, sovereignty, and territorial integrity, and for a comprehensive, just and lasting peace based on the principles of the United Nations Charter and international law, building on our Warsaw Declaration of 19 November, our Berlin Declaration of 12 December and our Paris Declaration of 12 February.

    Ukraine has shown its strong commitment to peace, also by agreeing to a full ceasefire without preconditions. However, Russia’s aggression against Ukraine has not ceased. Instead of imposing new conditions and launching continued attacks on Ukrainian cities and infrastructure that cause more and more victims, Russia must now show it is serious about ending its war.  We call on Russia to stop its delaying tactics and reciprocate by agreeing without delay, as Ukraine has done, to an immediate unconditional ceasefire on equal terms and implementing it fully. We need to see progress within a clear timeframe.

    Building on the recent meetings in Paris and London, we took forward the discussion on how best to support a comprehensive, just and lasting peace in Ukraine, which is vital for Ukraine, for Europe and for the whole international community.

    We remain committed to further political, financial, economic, humanitarian, military and diplomatic support for Ukraine, together with our international partners. To this end, we will strengthen Ukraine through significant short and long-term military support, also in the framework of Capability Coalitions and the Ukraine Defence Contact Group, which will hold its next meeting on 11 April. Many European partners, including the members of this group, have made substantive additional pledges to support Ukraine militarily and are planning similar commitments in the future.

    We also stand ready to apply further pressure on Russia using all tools available, including by adopting new sanctions, to hinder its ability to wage its war of aggression and to ensure Ukraine is placed in the best position possible to secure a just and lasting peace. We reiterate that Russia’s assets should remain immobilized until Russia ceases its war of aggression against Ukraine and compensates it for the damage caused.

    We are also strongly committed to ensuring full accountability for war crimes and the other most serious crimes committed in connection with Russia’s war of aggression against Ukraine. The progress made on establishing a Special Tribunal for the Crime of Aggression against Ukraine, within the framework of the Council of Europe, is an important step.

    A credible pathway to peace must include humanitarian relief efforts, notably the exchange of prisoners of war, the release of civilians and the return of all Ukrainian children and other civilians unlawfully deported and transferred to Russia and Belarus.

    We support efforts for a ceasefire that can lead to the establishment of a just and lasting peace. We welcome recent progress to define the essential elements for a viable and sustainable ceasefire, including a clear framework of monitoring and verification.

    Peace must be sustainable, backed by effective guarantees to prevent further acts of aggression. Real, robust and credible security guarantees for Ukraine are an indispensable element of a just and lasting peace, based on Ukraine’s sovereign right to determine its security relationships with its partners, and on the duty of the international community to prevent future Russian aggression. We stand ready to play a leading role in this regard.

    Peace must be just, and Russia’s war of aggression cannot end with a reward to the aggressor. There can be no agreement that compromises on Euro-Atlantic security and the independence, sovereignty territorial integrity of Ukraine. We will not accept any agreement that restricts Ukraine’s military and defence industry or the military presence of partner countries in Ukraine.

    We stand ready to do our share in order to achieve this peace. Europe now provides almost two thirds of all support to Ukraine, and 60% of military aid. We reiterate our ironclad commitment to NATO as the bedrock of Euro-Atlantic security and commit to take on greater responsibility for the future of the security and defense of the European continent, aiming at a significant result at the summit in The Hague.

    We reiterate the inherent right of Ukraine to choose its own destiny and to defend its democracy. Ukraine’s future is in Europe and in the European Union, and Ukraine’s future is crucial for the security of Europe. Europe must be fully involved in the negotiations and will make its own decisions.  

    We remain committed to supporting Ukraine’s repair, recovery and reconstruction, in coordination with international partners.

    We reaffirm our commitment to our democratic values, and to further engage with our global partners in order to promote together a just and lasting peace in Ukraine, based on the universal principles of the United Nations Charter.

    We reaffirm that Europe must assume more responsibility for its own security and become better equipped and deal with immediate and future challenges.

    Updates to this page

    Published 31 March 2025

    MIL OSI United Kingdom

  • MIL-OSI: COFACE SA: Disclosure of trading in own shares (excluding the liquidity agreement) made on March 24, 2025 to March 28, 2025

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Disclosure of trading in own shares (excluding the liquidity agreement) made on March 24, 2025 to March 28, 2025

    Paris, 31 March 2025 – 17.45

    Pursuant to Regulation (EU) No 596/2014 of 16 April 2014 on market abuse1

    The main features of the 2024-2025 Share Buyback Program have been published on the Company’s website (http://www.coface.com/Investors/Disclosure-requirements, under “Own share transactions”) and are also described in the 2023 Universal Registration Document.

    Trading session
    of (Date)
    Number
    of shares
    Weighted
    average price
    Gross amount MIC Code Purpose
    of buyback
    24/03/2025 9,000 17,7382 € 159 644 € XPAR LTIP
    25/03/2025 9,000 17,7627 € 159 864 € XPAR LTIP
    26/03/2025 9,000 17,9450 € 161 505 € XPAR LTIP
    27/03/2025 9,000 17,7907 € 160 116 € XPAR LTIP
    28/03/2025 9,000 17,7977 € 160 179 € XPAR LTIP
    Total 24/03/2025 – 28/03/2025 45 000 17,8068 € 801 308 €   LTIP

    CONTACTS

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

    FINANCIAL CALENDAR 2025
    (subject to change)

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

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

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

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

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

    www.coface.com

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


    1 Also in pursuant to Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (and updates); Article L.225-209 and seq. of the French Commercial Code; Article L.221-3, Article L.241-1 and seq. of the General Regulation of the French Market Authority (AMF); AMF Recommendation DOC-2017-04 Guide for issuers on their own shares transactions and for stabilization measures.

    Attachment

    The MIL Network

  • MIL-OSI Europe: 20 EU projects to help transform cities across Europe

    Source: European Union 2

    The European Commission and the Hauts-de-France Region, as the Entrusted Entity for the European Urban Initiative (EUI), have announced the results of the third call for innovative actions. With €94 million in funding from the European Regional Development Fund (ERDF), 20 selected projects from 13 EU Member States will test innovative solutions in real urban environments, supporting cities in their transition to a greener and more digital future. Projects include giving a second life to used EV batteries in Tilburg, the Netherlands, and repurposing vacant public buildings for the needs of the community in Košice, Slovakia. Each project will receive up to €5 million from ERDF, co-financing 80% of the eligible costs.

    Beyond their implementation in selected cities, these projects will serve as blueprints for other urban areas across Europe. A part of this funding will also support knowledge transfer and the replication of successful solutions tested by these projects in other EU cities, further amplifying their societal and economic impact.

    The full list of winners can be consulted on EUI website.

     

    Background

    In the 2021-2027 programming period, Cohesion policy has a strong urban dimension, and its support to sustainable urban development has been reinforced to help cities take active role in designing and implementing policy responses to their local challenges and needs.

    As a result, cohesion funds will invest over €100 billion in cities, with more than €24 billion directly managed by cities for designing and implementing investments under Cohesion policy programmes.

    The EUI is a key instrument of the European Union’s Cohesion policy, specifically targeting city authorities to strengthen urban innovation and capacity- and knowledge-building for sustainable urban development. The EUI allows cities to test innovative and creative solutions to address their specific urban challenges, ensuring that the solutions developed and tested are transferable and replicable across other EU cities. 

    The 20 projects selected today will join to the community of 36 ongoing  projects selected within the previous two calls: the first call (in 2022), which focused on the New European Bauhaus, and the second call (in 2023), which was dedicated to themes on greening cities, sustainable tourism, and harnessing talent in shrinking cities.

    With a budget of EUR 395 million, the EUI builds on the legacy of the Urban Innovative Actions, the Commission’s initiative implemented during the 2014-2020 programming period, but it has a stronger focus on innovation led by cities themselves and on sustainability of innovation as well as replicability in other cities. 

    Beyond innovation, the EUI supports the capacities of all urban areas across the EU. It provides evidence for policymaking and shares knowledge on sustainable urban development, including via the Urban Agenda for the EU and Portico, the European urban knowledge platform.

    The experience of the EUI implementation will also contribute to the preparation of a comprehensive EU Agenda for Cities in the course of 2025 that is aimed at taking stock of EU initiatives and instruments the European Commission has put in place over the years with a view to streamlining and simplifying the current support and making it accessible to all potential city beneficiaries. The Agenda also aims to examine how to enhance processes through which the concerns of cities could be stronger reflected in future EU policy making. The call for evidence concerning the content of the Agenda  targeted at the public at large will soon be opened at the Have your say portal of the European Commission.

    More information

    Selected projects

    European Urban Initiative

    Cohesion Data Platform

    Kohesio Projects Platform

    MIL OSI Europe News

  • MIL-OSI Europe: Chimamanda Ngozi Adichie, “Fiction Litterature Is Messy”

    Source: Universities – Science Po in English

    « Fiction literature is messy, we have to write about the world as it is, not as we wish it were. I really feel that the self that writes fiction is not the self that writes non-fiction. When I’m writing non-fiction, essays, lectures, or a Ted Talk, I am hoping to persuade people. I want you to come on board and care. »

    Chimamanda Ngozi Adichie

    Author and feminist icon

    In March 2025, Chimamanda Ngozi Adichie joined us to present her latest novel, L’inventaire des rêves (Dream Count), published by Gallimard. The renowned Nigerian author delivered an inspiring keynote on the power of writing. She generously shared her unfiltered reflections on women in history, literature, and shaping one’s destiny.

    Organised by our Institute for the Arts & Creation, Africa Programme, and Gender Studies Programme (PRESAGE), the event was moderated by Hélène Périvier, economist at the French Economic Observatory (OFCE) and director of PRESAGE, alongside students from our Paris School of International Affairs (PSIA).

    The conversation is now available for replay:

    Cover image caption: Chimamanda Ngozi Adichie with Hélène Périvier at her right, translator Marguerite Capelle at her left and PSIA students on both outer sides. (credits: Louis Roquebert / Sciences Po)

    MIL OSI Europe News

  • MIL-OSI Banking: Samsung Unveils New Onyx at CinemaCon 2025, Setting New Standards for LED Cinema Innovation

    Source: Samsung

    Samsung Electronics Co., Ltd. today announced the latest Onyx (ICD model) cinema LED screen at CinemaCon 2025, marking a new era for cinema display technology. Building on its legacy as a cinema LED pioneer, which began in 2017, Samsung is setting new standards with unmatched picture quality, industry-leading reliability and expanded screen scalability to meet the evolving needs of theaters worldwide.
    “The cinema industry is shifting its focus towards delivering a more immersive and visually captivating experience,” said Hoon Chung, Executive Vice President of Visual Display Business at Samsung Electronics. “With Onyx, Samsung delivers not only the highest-quality visuals but also the flexibility that allows theaters to redefine the movie-going experience and cater to evolving audience expectations.”
    Brighter, Bolder and More Immersive: The Future of Cinema is Here
    As the world’s first DCI-certified1 cinema LED display, Samsung Onyx delivers an unparalleled cinematic experience with true black levels, infinite contrast ratio and exceptional color accuracy. The screen is capable of supporting frame rates up to 4K 120Hz,2 delivering ultra-smooth motion and razor-sharp details.
    Every auditorium has unique dimensions, and screen size requirements vary from theater to theater. To accommodate this, Onyx offers four standard sizes3 and additional flexible scaling options, allowing theaters to maximize their available space and present films in the largest possible format without compromising image quality:
    5 meters (16ft) – Ideal for boutique and smaller-format theaters (Pixel pitch: 1.25mm)
    10 meters (33ft) – The industry standard for premium cinemas (Pixel pitch: 2.5mm)
    14 meters (46ft) – A versatile format that delivers an impressive, large-scale cinematic experience (Pixel pitch: 3.3mm)
    20 meters (66ft) – A large-format solution for premium auditoriums (Pixel pitch: 5.0mm)
    Samsung Onyx cinema LED screens natively support both scope (2.39:1) and flat (1.85:1) aspect ratios, ensuring films are displayed in their intended formats without the need for additional adjustments. When scaling beyond standard sizes, Onyx maintains both aspect ratios while maximizing the screen size, allowing content to expand proportionally without distortion.

    Unlike traditional projectors, which can appear dim in larger theaters and struggle with washed-out colors in bright scenes, Onyx’s enhanced brightness ensures richer details in shadows, more intense highlights and superior color accuracy across the entire spectrum. Powered by Samsung’s HDR technology, Onyx reaches peak brightness levels of 300 nits (87.6fL) — six times brighter than conventional cinema standards — allowing even the brightest details to remain clear and visible.4 As a result, high-brightness scenes retain their full impact, rather than appearing washed out or overexposed.
    “As the entertainment industry looks ahead to the future of cinema, innovation is more important than ever,” said David Phelps, Head of Display Division, Samsung Electronics America. “By delivering truly immersive experiences in theaters, we can ensure that the magic of the big screen not only endures, but thrives. The new generation of Onyx Cinema LED screens enables theater owners and operators to engage, thrill and remind moviegoers why the theater remains the ultimate place to experience visual storytelling at its finest.”
    With its industry-leading brightness and precision, Onyx enables clear and vivid playback even in brightly lit environments, making it ideal for alternative content such as live sports, concerts, gaming events and corporate presentations. This allows theaters to deliver a premium viewing experience beyond traditional movie screenings.

    Built for Reliability and Seamless Integration
    Onyx is built for long-term performance, offering the industry’s first and longest 10-year warranty for cinema LED,5 setting a new benchmark for reliability in cinema display technology. This extended coverage helps reduce the total cost of ownership and ensures a future-proof investment for theater owners.
    To maintain optimal picture quality, Samsung provides an auto-calibration solution that enables theaters to easily calibrate their screens during installation and routine maintenance.
    Designed for seamless integration, Onyx is compatible with both Dolby and GDC IMB media servers, making it easier for theaters to transition from traditional projection systems. Because of this, theater networks can enjoy seamless content playback and efficient management.
    Onyx is fully compatible with leading cinema audio solutions, including Dolby Atmos, Meyer Sound, QSC and custom-designed sound systems, providing theaters with the flexibility to customize their sound experience to meet their specific needs. For theaters using HARMAN’s JBL surround sound technology, Onyx also offers seamless integration to ensure optimized audio performance.

    A Proven Legacy with Global Recognition
    Samsung Onyx is one of the most widely adopted cinema LED screens in theaters worldwide — setting a new industry standard for premium cinema display technology. As it expands its presence, Onyx continues to showcase its unmatched reliability, versatility and ability to elevate the cinematic experience.
    One of the most recent installations is at Pathé Palace in Paris, where Onyx was selected to enhance the premium viewing experience in one of the world’s most visually stunning cinemas.
    “At Pathé, we are committed to delivering the highest-quality cinematic experience for our customers,” said Laure de Boissard, Managing Director, Pathé Cinéma France. “Samsung Onyx allows us to achieve stunning visuals with exceptional brightness and contrast, ensuring that every film is presented exactly as intended.”

    MIL OSI Global Banks

  • MIL-OSI Global: Nuclear war threat: why Africa’s pushing for a complete ban

    Source: The Conversation – Africa – By Olamide Samuel, Track II Diplomat and Expert in Nuclear Politics, University of Leicester

    At a time of heightened geopolitical tensions between Russia and Ukraine, intensified by strategic dynamics involving the US, Nato and Russia over Europe’s security, nuclear weapons are back on the agenda.

    In recent times, Russia has openly threatened to use nuclear weapons. The UK and France are considering ways to rapidly increase their nuclear weapons stockpiles.

    Germany, Poland, Sweden, Finland, South Korea and Japan are now seeking nuclear weapons capabilities.

    Even a limited nuclear war in Europe would lead to catastrophic global climatic effects. Huge amounts of debris thrown high into the atmosphere would block sunlight, causing global temperatures to drop sharply. It would be much harder to grow food around the world.

    This would severely threaten Africa’s food security, exacerbating mass migration, disrupting supply chains and potentially collapsing public order systems.

    How should African countries respond to this growing threat?

    Based on my experience in nuclear non-proliferation and politics, I argue that African leaders need to proactively confront the risks, while there is still time.

    All African states, except for South Sudan, abide by the Nuclear Non-Proliferation Treaty. This is an international agreement which limits the spread of nuclear weapons. And 43 African states have gone further to join the African Nuclear Weapons Free Zone Treaty (Treaty of Pelindaba). This was negotiated in the belief that it would “protect African states against possible nuclear attacks on their territories”.

    As conflict and uncertainty pushes many western leaders to support the madness of nuclear weapons proliferation, African leaders are in a unique position to push back against this.

    Africa’s strength in numbers in the Treaty on the Prohibition of Nuclear Weapons, also known as the Nuclear Ban Treaty, is a vehicle the continent can use to address nuclear weapons risks, head-on.

    Global divide

    On one side, nuclear-armed states cling to deterrence for their national security. They insist that possessing nuclear arsenals keeps them safe.

    At present, there are nine nuclear-armed states: the US, Russia, the UK, China, France, India, Pakistan, Israel and North Korea. These countries possess around 12,331 nuclear warheads (as of 2025).

    The use of only 10% of these weapons could disrupt the global climate and threaten the lives of up to 2 billion people.

    On the other side, African countries and other non-nuclear-weapon states such as Ireland, Austria, New Zealand and Mexico highlight how deterrence creates unacceptable risks for the entire international community.

    This global majority – the 93 countries that have signed the Nuclear Ban Treaty and 73 that are party to it – argue that real safety comes from eliminating nuclear threats.

    The Nuclear Ban Treaty became international law on 22 January 2021. It is the first instance of international law challenging the legality and morality of nuclear deterrence.

    Since 2022, states parties to the Nuclear Ban Treaty have held formal meetings to address current nuclear risks. In March 2025, at their third meeting, 17 African states officially recognised nuclear deterrence as a critical security concern. They called on nuclear armed states to end deterrence.

    The deterioration of the international security environment is so palpable that there has been a noticeable shift in nuclear ban states’ perception of nuclear threats. Nuclear disarmament is no longer just a humanitarian or moral concern to these states, it is now a national security concern.

    South Africa warned that

    any use of nuclear weapons would result in catastrophic humanitarian consequences that would have a global impact.

    Ghana likewise stressed that Africa is not immune to nuclear war’s fallout:

    Africa, despite its geographic distance from the immediate hotspots of nuclear conflict, is not immune to the repercussions of nuclear weapons.

    Africa bears a unique historical connection to nuclear issues. Nuclear testing in the Sahara Desert in the 1960s, when France detonated nuclear bombs in Algeria, had devastating consequences. Widespread radioactive contamination harmed local communities, caused long-lasting health problems, displaced populations, and left large areas environmentally damaged and unsafe for generations.

    For its part, Nigeria recalled that Africa had “long acknowledged the existential threat nuclear weapons posed to human existence.”

    The meeting determined that it is unacceptable that states parties are exposed to nuclear risks, “created without their control and without accountability”. It stressed that eliminating nuclear risks “is a prime and legitimate concern and national responsibility” of states.

    Next steps

    Delegates effectively asked whether their own national security concerns had less value than those of nuclear-armed states. I think this is a valid question.

    Africa’s leaders and their allies in the Nuclear Ban Treaty are reframing what “national security” means in the nuclear age.

    Rather than accepting a world perpetually held hostage by the madness of nuclear deterrence, they are asserting that the security of nations – and of peoples – is best served by dismantling this threat to humanity.

    They are prioritising human life, development and international law over the threat of overwhelming force.

    The outcome of this contest will have profound implications, not just for Africa but for the entire globe.

    Olamide Samuel is affiliated with the Open Nuclear Network.

    ref. Nuclear war threat: why Africa’s pushing for a complete ban – https://theconversation.com/nuclear-war-threat-why-africas-pushing-for-a-complete-ban-253171

    MIL OSI – Global Reports

  • MIL-OSI Global: Rwanda and Belgium are at odds over the DRC: what’s led to the latest low point

    Source: The Conversation – Africa – By Jonathan Beloff, Postdoctoral Research Associate, King’s College London

    Rwanda’s foreign affairs ministry suspended all diplomatic relations with Belgium in March 2025. Soon afterwards, Belgium expelled Rwandan diplomats. This came weeks after Belgium had suspended foreign aid to Rwanda. At the root of this diplomatic fallout is the resurgence of the rebel group, March 23 Movement (M23), which has made recent military gains in eastern Democratic Republic of Congo.

    Prior to Rwanda suspending diplomatic relations, President Paul Kagame accused Belgium of continually undermining Rwanda. This deterioration in Rwanda-Belgium relations illustrates decades of the Kagame regime’s lack of trust in Brussels since the 1994 genocide. Jonathan Beloff, who has studied Rwanda’s political, security and foreign policies for nearly two decades, explains.

    What is the historical relationship between Rwanda and Belgium?

    Belgium is perhaps better known for having colonised the Congo. However, it also colonised present-day Rwanda and neighbouring Burundi.

    Belgian forces conquered Rwanda, a former German colony, in 1916 during the first world war. They got help from nearby British forces in Uganda. The Treaty of Versailles, which brought an end to the world war, officially transferred Rwanda and Burundi to Belgium’s colonial holdings.

    While Rwanda was never a significant interest for the Belgian colonial authorities compared to neighbouring Congo, Brussels nevertheless helped shape Rwandan politics, economy and society for decades.

    Rwanda’s current government claims that ethnic divisions of Hutu, Tutsi and Twa only came to the foreground during Belgian colonial rule, which ended in 1962. Before German and Belgian colonisation, Rwandan officials described these communities as socio-economic groupings rather than ethnicities. It was only with the introduction of ethnic identification cards in 1933 that these groups became intractable ethnicities.

    During much of its rule, Belgium used the existing political structures of kings, called Mwami, to carry out colonial policies.

    While a majority of Tutsis and Hutus suffered under these policies, Belgian officials often blamed the Mwami and his courts. The Mwami was often a Tutsi based on the number of cattle he owned. This led to a growing anti-Tutsi sentiment within the majority Hutu population.

    Eventually, it boiled over and led to the 1959 Hutu Revolution and the 1961 Coup of Gitarama. This anti-Tutsi sentiment established much of the political order following Rwandan independence in July 1962.

    What key moments have shaped the relationship?

    Prior to Rwandan independence, Belgium’s political allegiance shifted away from the mostly Tutsi Mwami and their power base to the growing Hutu movement. Under Rwanda’s Hutu leader and later first post-independence president Grégoire Kayibanda, Belgium began favouring Hutus. The community got increased education opportunities. Its leaders were given more say over post-colonial political events than the Mwami and his court.

    Rwanda-Belgium relations focused on promoting the majority Hutu population, despite some discontent from conservative, mostly Tutsi, actors. With independence, Belgium played an important but diminishing role. It did not provide the financial support Kigali wanted. In response, Kigali turned to France, whose influence grew significantly under President Juvénal Habyarimana (1973-1994).

    Despite their diminished state, relations between Rwanda and Belgium were still important. Belgium became the primary western nation to help provide stability in Rwanda during the waning years of the Rwandan Civil War (1990-1994), known locally as the Liberation War.

    A peace deal in 1993, called the Arusha Accords, between the Rwandan Patriotic Front and the Habyarimana regime paved the way for a UN mission. However, getting western nations to send soldiers for the mission proved difficult. This was after a peacekeeping disaster in Somalia (the Battle of Mogadishu) earlier that year. As a result, Belgium ended up providing the bulk of troops for the Rwanda mission.

    The assassination of Habyarimana on 6 April 1994 triggered the Genocide against the Tutsi. The UN mission’s commander sent a platoon to guard the home of prime minister Agathe Uwilingiyimana. The platoon had 10 Belgian and five Ghanaian soldiers. They were captured when Rwandan Presidential Guard officers stormed Uwilingiyimana’s home and killed her.

    The Ghanaian soldiers were released relatively unharmed, while the Belgian soldiers were killed at the Camp Kigali military base. The murders were intended to provoke the UN mission’s withdrawal from Rwanda. Belgian troops departed within the genocide’s first week. This allowed Rwanda’s genocide to run uninterrupted for 100 days until the Rwandan Patriotic Front stopped it in July 1994.

    Since the genocide, the ruling Rwandan Patriotic Front has had a sceptical view of Belgium. In 2000, former prime minister Guy Verhofstadt apologised for Belgium’s failure to stop the genocide and for fostering ethnic divisions during the colonial period.

    Nevertheless, many Rwandan officials still believe Brussels hasn’t done enough to acknowledge its colonial record.

    What’s behind the current fallout?

    The current diplomatic crisis erupted because of accusations of Rwandan involvement in eastern DRC. UN experts’ reports have accused Rwanda of supporting the reanimated M23. The rebel group has captured large swathes of eastern DRC.

    Belgium has been leading calls for European sanctions against Rwanda for this involvement. However, Rwanda – which denies supporting the M23 – claims that Belgium’s accusations are aimed at gaining favourable mining rights in the DRC.

    Relations between the two countries have been deteriorating steadily in 2025. In February, Rwanda suspended a five-year (2024-2029) €95 million (US$102.8 million) deal. This was one of the largest aid deals between the two countries. In March, in addition to the suspension of diplomatic ties, the Rwanda Governance Board, which registers and monitors non-governmental organisations, placed restrictions on NGOs receiving financial support from Belgium.

    What’s the impact of this diplomatic falling out?

    Rwanda-Belgium relations have never broken down to the current level.

    It is unlikely to last in the long term. Like many other donor nations, Belgium needs Rwanda as a case study for proper aid utilisation and for its contribution to African peacekeeping.

    Rwanda is Africa’s most active troop-contributing country to UN missions and the fourth most active worldwide. Its primary political, security and economic allies remain the United States and the United Kingdom. While relations with these two nations are strained, they’re not at the level reached with Belgium.

    Nevertheless, the current state of affairs will continue in the near future unless the M23 is defeated. The only available avenues for quick restoration of relations are if Belgium apologises for seemingly siding with the DRC over Rwanda in the conflict in eastern Congo and repeats its apology for its colonial legacy. Neither of these options seems likely in the short term.

    Jonathan Beloff received funding from the Arts and Humanities Research Council (AH/W001217/1).

    ref. Rwanda and Belgium are at odds over the DRC: what’s led to the latest low point – https://theconversation.com/rwanda-and-belgium-are-at-odds-over-the-drc-whats-led-to-the-latest-low-point-253349

    MIL OSI – Global Reports

  • MIL-OSI Africa: Nuclear war threat: why Africa’s pushing for a complete ban

    Source: The Conversation – Africa – By Olamide Samuel, Track II Diplomat and Expert in Nuclear Politics, University of Leicester

    At a time of heightened geopolitical tensions between Russia and Ukraine, intensified by strategic dynamics involving the US, Nato and Russia over Europe’s security, nuclear weapons are back on the agenda.

    In recent times, Russia has openly threatened to use nuclear weapons. The UK and France are considering ways to rapidly increase their nuclear weapons stockpiles.

    Germany, Poland, Sweden, Finland, South Korea and Japan are now seeking nuclear weapons capabilities.

    Even a limited nuclear war in Europe would lead to catastrophic global climatic effects. Huge amounts of debris thrown high into the atmosphere would block sunlight, causing global temperatures to drop sharply. It would be much harder to grow food around the world.

    This would severely threaten Africa’s food security, exacerbating mass migration, disrupting supply chains and potentially collapsing public order systems.

    How should African countries respond to this growing threat?

    Based on my experience in nuclear non-proliferation and politics, I argue that African leaders need to proactively confront the risks, while there is still time.

    All African states, except for South Sudan, abide by the Nuclear Non-Proliferation Treaty. This is an international agreement which limits the spread of nuclear weapons. And 43 African states have gone further to join the African Nuclear Weapons Free Zone Treaty (Treaty of Pelindaba). This was negotiated in the belief that it would “protect African states against possible nuclear attacks on their territories”.

    As conflict and uncertainty pushes many western leaders to support the madness of nuclear weapons proliferation, African leaders are in a unique position to push back against this.

    Africa’s strength in numbers in the Treaty on the Prohibition of Nuclear Weapons, also known as the Nuclear Ban Treaty, is a vehicle the continent can use to address nuclear weapons risks, head-on.

    Global divide

    On one side, nuclear-armed states cling to deterrence for their national security. They insist that possessing nuclear arsenals keeps them safe.

    At present, there are nine nuclear-armed states: the US, Russia, the UK, China, France, India, Pakistan, Israel and North Korea. These countries possess around 12,331 nuclear warheads (as of 2025).

    The use of only 10% of these weapons could disrupt the global climate and threaten the lives of up to 2 billion people.

    On the other side, African countries and other non-nuclear-weapon states such as Ireland, Austria, New Zealand and Mexico highlight how deterrence creates unacceptable risks for the entire international community.

    This global majority – the 93 countries that have signed the Nuclear Ban Treaty and 73 that are party to it – argue that real safety comes from eliminating nuclear threats.

    The Nuclear Ban Treaty became international law on 22 January 2021. It is the first instance of international law challenging the legality and morality of nuclear deterrence.

    Since 2022, states parties to the Nuclear Ban Treaty have held formal meetings to address current nuclear risks. In March 2025, at their third meeting, 17 African states officially recognised nuclear deterrence as a critical security concern. They called on nuclear armed states to end deterrence.

    The deterioration of the international security environment is so palpable that there has been a noticeable shift in nuclear ban states’ perception of nuclear threats. Nuclear disarmament is no longer just a humanitarian or moral concern to these states, it is now a national security concern.

    South Africa warned that

    any use of nuclear weapons would result in catastrophic humanitarian consequences that would have a global impact.

    Ghana likewise stressed that Africa is not immune to nuclear war’s fallout:

    Africa, despite its geographic distance from the immediate hotspots of nuclear conflict, is not immune to the repercussions of nuclear weapons.

    Africa bears a unique historical connection to nuclear issues. Nuclear testing in the Sahara Desert in the 1960s, when France detonated nuclear bombs in Algeria, had devastating consequences. Widespread radioactive contamination harmed local communities, caused long-lasting health problems, displaced populations, and left large areas environmentally damaged and unsafe for generations.

    For its part, Nigeria recalled that Africa had “long acknowledged the existential threat nuclear weapons posed to human existence.”

    The meeting determined that it is unacceptable that states parties are exposed to nuclear risks, “created without their control and without accountability”. It stressed that eliminating nuclear risks “is a prime and legitimate concern and national responsibility” of states.

    Next steps

    Delegates effectively asked whether their own national security concerns had less value than those of nuclear-armed states. I think this is a valid question.

    Africa’s leaders and their allies in the Nuclear Ban Treaty are reframing what “national security” means in the nuclear age.

    Rather than accepting a world perpetually held hostage by the madness of nuclear deterrence, they are asserting that the security of nations – and of peoples – is best served by dismantling this threat to humanity.

    They are prioritising human life, development and international law over the threat of overwhelming force.

    The outcome of this contest will have profound implications, not just for Africa but for the entire globe.

    – Nuclear war threat: why Africa’s pushing for a complete ban
    – https://theconversation.com/nuclear-war-threat-why-africas-pushing-for-a-complete-ban-253171

    MIL OSI Africa

  • MIL-OSI Africa: Rwanda and Belgium are at odds over the DRC: what’s led to the latest low point

    Source: The Conversation – Africa – By Jonathan Beloff, Postdoctoral Research Associate, King’s College London

    Rwanda’s foreign affairs ministry suspended all diplomatic relations with Belgium in March 2025. Soon afterwards, Belgium expelled Rwandan diplomats. This came weeks after Belgium had suspended foreign aid to Rwanda. At the root of this diplomatic fallout is the resurgence of the rebel group, March 23 Movement (M23), which has made recent military gains in eastern Democratic Republic of Congo.

    Prior to Rwanda suspending diplomatic relations, President Paul Kagame accused Belgium of continually undermining Rwanda. This deterioration in Rwanda-Belgium relations illustrates decades of the Kagame regime’s lack of trust in Brussels since the 1994 genocide. Jonathan Beloff, who has studied Rwanda’s political, security and foreign policies for nearly two decades, explains.

    What is the historical relationship between Rwanda and Belgium?

    Belgium is perhaps better known for having colonised the Congo. However, it also colonised present-day Rwanda and neighbouring Burundi.

    Belgian forces conquered Rwanda, a former German colony, in 1916 during the first world war. They got help from nearby British forces in Uganda. The Treaty of Versailles, which brought an end to the world war, officially transferred Rwanda and Burundi to Belgium’s colonial holdings.

    While Rwanda was never a significant interest for the Belgian colonial authorities compared to neighbouring Congo, Brussels nevertheless helped shape Rwandan politics, economy and society for decades.

    Rwanda’s current government claims that ethnic divisions of Hutu, Tutsi and Twa only came to the foreground during Belgian colonial rule, which ended in 1962. Before German and Belgian colonisation, Rwandan officials described these communities as socio-economic groupings rather than ethnicities. It was only with the introduction of ethnic identification cards in 1933 that these groups became intractable ethnicities.

    During much of its rule, Belgium used the existing political structures of kings, called Mwami, to carry out colonial policies.

    While a majority of Tutsis and Hutus suffered under these policies, Belgian officials often blamed the Mwami and his courts. The Mwami was often a Tutsi based on the number of cattle he owned. This led to a growing anti-Tutsi sentiment within the majority Hutu population.

    Eventually, it boiled over and led to the 1959 Hutu Revolution and the 1961 Coup of Gitarama. This anti-Tutsi sentiment established much of the political order following Rwandan independence in July 1962.

    What key moments have shaped the relationship?

    Prior to Rwandan independence, Belgium’s political allegiance shifted away from the mostly Tutsi Mwami and their power base to the growing Hutu movement. Under Rwanda’s Hutu leader and later first post-independence president Grégoire Kayibanda, Belgium began favouring Hutus. The community got increased education opportunities. Its leaders were given more say over post-colonial political events than the Mwami and his court.

    Rwanda-Belgium relations focused on promoting the majority Hutu population, despite some discontent from conservative, mostly Tutsi, actors. With independence, Belgium played an important but diminishing role. It did not provide the financial support Kigali wanted. In response, Kigali turned to France, whose influence grew significantly under President Juvénal Habyarimana (1973-1994).

    Despite their diminished state, relations between Rwanda and Belgium were still important. Belgium became the primary western nation to help provide stability in Rwanda during the waning years of the Rwandan Civil War (1990-1994), known locally as the Liberation War.

    A peace deal in 1993, called the Arusha Accords, between the Rwandan Patriotic Front and the Habyarimana regime paved the way for a UN mission. However, getting western nations to send soldiers for the mission proved difficult. This was after a peacekeeping disaster in Somalia (the Battle of Mogadishu) earlier that year. As a result, Belgium ended up providing the bulk of troops for the Rwanda mission.

    The assassination of Habyarimana on 6 April 1994 triggered the Genocide against the Tutsi. The UN mission’s commander sent a platoon to guard the home of prime minister Agathe Uwilingiyimana. The platoon had 10 Belgian and five Ghanaian soldiers. They were captured when Rwandan Presidential Guard officers stormed Uwilingiyimana’s home and killed her.

    The Ghanaian soldiers were released relatively unharmed, while the Belgian soldiers were killed at the Camp Kigali military base. The murders were intended to provoke the UN mission’s withdrawal from Rwanda. Belgian troops departed within the genocide’s first week. This allowed Rwanda’s genocide to run uninterrupted for 100 days until the Rwandan Patriotic Front stopped it in July 1994.

    Since the genocide, the ruling Rwandan Patriotic Front has had a sceptical view of Belgium. In 2000, former prime minister Guy Verhofstadt apologised for Belgium’s failure to stop the genocide and for fostering ethnic divisions during the colonial period.

    Nevertheless, many Rwandan officials still believe Brussels hasn’t done enough to acknowledge its colonial record.

    What’s behind the current fallout?

    The current diplomatic crisis erupted because of accusations of Rwandan involvement in eastern DRC. UN experts’ reports have accused Rwanda of supporting the reanimated M23. The rebel group has captured large swathes of eastern DRC.

    Belgium has been leading calls for European sanctions against Rwanda for this involvement. However, Rwanda – which denies supporting the M23 – claims that Belgium’s accusations are aimed at gaining favourable mining rights in the DRC.

    Relations between the two countries have been deteriorating steadily in 2025. In February, Rwanda suspended a five-year (2024-2029) €95 million (US$102.8 million) deal. This was one of the largest aid deals between the two countries. In March, in addition to the suspension of diplomatic ties, the Rwanda Governance Board, which registers and monitors non-governmental organisations, placed restrictions on NGOs receiving financial support from Belgium.

    What’s the impact of this diplomatic falling out?

    Rwanda-Belgium relations have never broken down to the current level.

    It is unlikely to last in the long term. Like many other donor nations, Belgium needs Rwanda as a case study for proper aid utilisation and for its contribution to African peacekeeping.

    Rwanda is Africa’s most active troop-contributing country to UN missions and the fourth most active worldwide. Its primary political, security and economic allies remain the United States and the United Kingdom. While relations with these two nations are strained, they’re not at the level reached with Belgium.

    Nevertheless, the current state of affairs will continue in the near future unless the M23 is defeated. The only available avenues for quick restoration of relations are if Belgium apologises for seemingly siding with the DRC over Rwanda in the conflict in eastern Congo and repeats its apology for its colonial legacy. Neither of these options seems likely in the short term.

    – Rwanda and Belgium are at odds over the DRC: what’s led to the latest low point
    – https://theconversation.com/rwanda-and-belgium-are-at-odds-over-the-drc-whats-led-to-the-latest-low-point-253349

    MIL OSI Africa

  • MIL-OSI: Salad Disrupts AI Transcription Market: Highest Accuracy at the Lowest Cost

    Source: GlobeNewswire (MIL-OSI)

    SALT LAKE CITY, March 31, 2025 (GLOBE NEWSWIRE) — Salad Technologies, a leader in distributed cloud computing, today announced the launch of the upgraded Salad Transcription API, delivering the highest accuracy in the industry for AI batch transcription at the lowest cost.

    Ranking No.1 in an accuracy benchmark (95.1% accuracy rate), Salad’s API outperforms all major market alternatives, such as Deepgram, Assembly AI, Amazon Transcribe, Google Speech-to-Text, and OpenAI Whisper. The API is priced at just $0.16 per hour – at least 40% lower than competing APIs

    Designed for high-volume enterprise batch transcription, this launch sets a new industry standard – combining cutting-edge AI accuracy with unprecedented affordability. With asynchronous processing, the API can transcribe millions of hours of audio in parallel, making it genuinely built for scale.

    “There is an epidemic of overcharging in AI transcription today. Enterprises and startups have been forced to overpay for Transcription APIs as providers passed on the high cost of custom model research, large team sizes, and datacenter GPUs for inference to customers,” said Bob Miles, CEO of Salad Technologies. 

    “With Salad’s Transcription API, we’ve broken that cycle – delivering best-in-class accuracy while halving the cost to customers. Without training a proprietary model, Salad has taken an open source, multi-step, multimodal approach to ship the most powerful, cost-effective batch transcription API available today.”

    The API delivers transcription, translation, summarization, custom prompts, and custom vocabulary as a fully unified solution – no hidden fees, upcharges, or secondary API calls – just one all-inclusive rate for every advanced feature.

    Accuracy Benchmark Results

    Results from an accuracy benchmark over the CommonVoice5.1 dataset show the Salad Transcription API achieved the highest Word Accuracy Rate in English (95.1%), Spanish (96.8%), and German (96.3%) and the lowest Word Error Rate (WER).

    The benchmark processed over 1 million audio files, surpassing 4,500 hours of audio, and with new in-house optimizations, Salad Transcription API outperformed all six major API providers in accuracy across multiple languages.

    The API also shows industry-best accuracy for Russian (96.3%), Italian (93.3%), Portuguese (92%), and French (92%). 

    “With this API, our goal is to democratize the AI Transcription landscape and help companies realize massive cost savings at a price point that unlocks new use cases with the industry’s best accuracy,” said Bob Miles, CEO of Salad Technologies. 

    For more information, visit the website: https://salad.com/transcription

    About Salad Technologies

    Salad Technologies is a leader in distributed cloud computing, leveraging idle consumer and datacenter GPUs to deliver high-performance compute at industry-low costs. Our mission is to democratize cloud computing by utilizing latent consumer resources to power a sustainable, affordable, and environmentally friendly cloud for everyone.

    Media Contact:
    Prashanth Shankara
    prashanth.shankara@salad.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ccd7d05b-7ce3-42fd-82a0-aa7225d18f8a

    The MIL Network

  • MIL-OSI Russia: Lectures on the “star” graduating class of 1885 were held at SPbGASU

    Translartion. Region: Russians Fedetion –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering –

    Within the framework of the V National (All-Russian) scientific and practical conference with international participation “Reconstruction and restoration of architectural heritage” (RRAN-2025), a lecture block “On the 140th anniversary of the “star graduation” was held. Its initiators were Associate Professor of the Department of Urban Development of SPbGASU, PhD in Architecture Svetlana Levoshko, PhD in Philosophy, independent researcher Elena Travina and Director of the Historical and Information Center of SPbGASU Elena Klimenko.

    The reason to celebrate this date is truly loud: in 1885, the Institute of Civil Engineers (IGI, now SPbGASU) graduated a galaxy of architects and engineers who became world-class professionals and made a huge contribution to the development of our country. Among them are the director of IGI, architect, statesman Vasily Kosyakov (1862-1921), civil engineer Gavriil Baranovsky (1860-1920), architect Nikolay Sokolov (1859-1906). As the researchers who spoke emphasized, new details are still being revealed in the biographies and professional activities of these outstanding individuals.

    Professor of the Department of Urban Development of SPbGASU Sergey Semenov called holding such meetings a good idea, since the accumulation and preservation of information is of great value. It is no coincidence that during the Great Patriotic War, the Nazi troops primarily sought to destroy museums, libraries and educational institutions, including our university.

    “Graduates who have become outstanding engineers and architects confirm the highest level of training of specialists at our university at all times. The basic knowledge base was mastered by students even with low academic performance. Thus, Mikhail Eisenstein, the father of the famous director, worked as the chief architect of Riga and built several streets, some buildings of which are recognized as cultural heritage sites. The best graduates are a good example for students,” noted Sergey Semenov.

    Moderator of the lecture block Svetlana Levoshko clarified that the discussion will be about “star” graduates who have made a great contribution to the development of the industry and the country.

    The Kosyakovs’ example: talent and hard work lead to success

    Doctor of Art History, Academician of the Russian Academy of Arts, Professor of the Faculty of Arts of Moscow State University, graduate of the Leningrad Institute of Civil Engineering (now St. Petersburg State University of Architecture and Civil Engineering) in 1983. Sergei Savelyev initially wrote three books about Nikolai Vladimirovich Sultanov (1850–1908), Director of the Institute of Civil Engineers (1895–1903), Russian architect, civil engineer, art historian and architectural historian, restorer, teacher, and full member of the Imperial Academy of Arts.

    “Vasily Antonovich Kosyakov was a student of Nikolay Vladimirovich Sultanov and a graduate of the IGI architectural and construction school, the largest in Europe at the time, comparable to German and French schools. Only thanks to such a powerful school did Kosyakov develop into a major architect and statesman: he was an elected director of the IGI and held many other posts, including a member of the economic administration of the Holy Synod. At the end of his life, he became an architect of the Imperial Court, that is, he reached heights in his professional service activities. This indicates that talented people had every opportunity for development in the Russian Empire. Vasily Kosyakov was of humble origin – his father was a master of the kitchen workshop, in other words, a cook. During his years of study at the IGI, Kosyakov wrote a petition for a scholarship and even received a certificate of poverty. In essence, a person who had neither a status nor a financial starting point, reached heights solely due to his talent and hard work. For today’s students, this is a great example,” noted Sergey Savelyev.

    He added that Vasily Kosyakov is inseparable from the work of his two brothers Vladimir and Georgy. Georgy studied at the Academy of Arts, in the workshop of L. N. Benois and was an excellent artist, watercolourist, member of the society of architects and artists, artists of watercolour painting, participated in exhibitions. The ornamentation in Vasily Kosyakov’s projects appears precisely thanks to him. Their joint famous work of architecture is the Naval Cathedral in Kronstadt. Vladimir Kosyakov also studied at the IGI and was a remarkable architect and artist.

    “The example of the Kosyakov brothers is relevant for today’s students: you need to do graphics, draw, despite the computer programs. Each of the brothers had a certain professional profile. Vasily could do everything: he is a universal specialist in organizing construction. Georgy is a master of watercolors, an architect and artist. Vladimir was also involved in organizing construction work, a school for foremen for construction work, that is, he worked as a foreman. The qualifications of builders at that time were at a very high level largely due to the fact that the architectural community took the training of construction workers into its own hands,” explained Sergei Savelyev.

    He emphasized that the Kosyakovs’ theme is inexhaustible. In the course of the research, it is possible to discover more and more new materials, since their activity falls on the “silver age”: the heyday of Russian literature and fine arts, painting and architecture of the late 19th – early 20th centuries. And these people constituted one of the important pages of the IGI school. Many beautiful churches, public buildings, engineering structures were built. By 1917, the IGI architectural and construction school was on the rise. Today, it continues the traditions and serves as a magnificent foundation for new achievements.

    Engineer Baranovsky and architect Sokolov

    Elena Travina recalled that civil engineer Gavriil Vasilyevich Baranovsky (1860–1920) is known for his buildings, which became “postcard views” of St. Petersburg. His creative path began in 1881 in the building of the Construction School/Institute of Civil Engineers.

    “The engineer made a decent career, having risen to the rank of actual state councilor and sitting on all sorts of commissions and committees. But what do we know about the man Gavriil Baranovsky: his family, youth, friends, hobbies? Over more than ten years of research, we managed to find photographs, documents, projects that were previously unknown and not introduced into scientific circulation. They allowed us to imagine the image of Baranovsky – a son, husband, father, friend, a man who completely devoted himself to his favorite business – architecture, but at the same time a versatile personality. His son characterized his father as a mathematician, philologist, artist, lawyer and philosopher. Without all this knowledge, Gavriil Baranovsky would not have been able to publish the magazine “Builder”, create the seven-volume “Architectural Encyclopedia of the Late 19th – Early 20th Century”, work on the legal subtleties of the Construction Code and write the philosophical treatise “World Matter and Its Derivatives. Geometric Manifestation of the Ontological Problem”, explained Elena Travina.

    On July 30, 1920, his funeral service was held in the Dukhovskaya Church in the village of Kellomäki (now the village of Komarovo in the Kurortny District of St. Petersburg). In 2020, a cenotaph was erected in his memory at the local cemetery (designed by architect R. M. Dayanov).

    Let us recall some of Baranovsky’s famous works: the Eliseev Brothers Trading Company building on Nevsky Prospect and the Moscow Eliseevsky store on Tverskaya (together with V. V. Voeikov and M. M. Peretyatkovich).

    Doctor of Architecture, Associate Professor, Head of the Department of History of Architecture, Art and Architectural Restoration at the Southern Federal University Anna Ivanova-Ilyicheva spoke about the architect Nikolai Matveevich Sokolov (1859–1906). Sokolov worked as the chief architect of Rostov-on-Don and left behind a rich architectural heritage.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI: WISeSat.Space Creates WISeSat España SA Subsidiary to Lead European Space Projects from Andalusia and Build a 100% “Made in Europe” Solution Aligned With the IRIS² Strategy

    Source: GlobeNewswire (MIL-OSI)

    WISeSat.Space Creates WISeSat España SA Subsidiary to Lead European Space Projects from Andalusia and Build a 100% “Made in Europe” Solution Aligned With the IRIS² Strategy

    Madrid / Geneva / La Línea, Cadiz – March 31, 2025 – WISeSat.Space, a pioneer in secure satellite connectivity solutions and part of the WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces the creation of its new subsidiary WISeSat España, headquartered in La Línea de la Concepción (Cádiz, Andalusia). This strategic decision represents a decisive step toward the consolidation of a fully European industrial and technological ecosystem in the space and quantum domains, in line with the digital sovereignty priorities defined by the European Union.

    The choice of La Línea de la Concepción as the official headquarters of WISeSat España is no coincidence. This Andalusian city, located at a geostrategic point between Europe and Africa, is positioning itself as an emerging hub for technological innovation, thanks to its institutional will, international openness, and proximity to key logistical infrastructures.

    Establishing WISeSat in La Línea makes the company a founding pillar of the project LL4GIR.COM, an ambitious public-private initiative aimed at creating a Center for the Fourth Industrial Revolution in southern Europe. This center will promote high-impact projects in artificial intelligence, quantum computing, blockchain, IoT, and space connectivity, transforming the region into a global benchmark for resilience, sustainability, and economic progress.

    A 100% “Made in Europe” solution

    The launch of WISeSat España aims to build a 100% European space value chain, combining technological sovereignty, security, sustainability, and autonomous access to space. The proposal is fully aligned with the principles of the IRIS² program (Infrastructure for Resilience, Interconnectivity and Security by Satellite), promoted by the European Commission to establish a satellite constellation ensuring secure connectivity across the continent.

    The WISeSat España roadmap includes:

    • Manufacturing secure nanosatellites in collaboration with the Spanish company FOSSA Systems, where WISeKey is an investor, specializing in IoT and low Earth orbit communications solutions.
    • Launching satellites in partnership with PLD Space, a leading Spanish company in reusable rockets. The first launch is scheduled for early 2026, marking a milestone for European autonomy in space access.
    • Developing post-quantum processors in cooperation with QuantixS (Murcia) and SEALSQ (France) to ensure ultra-secure communications in the era of quantum computing.
    • Already operational, the installation of a satellite antenna in La Línea’s City Hall building, enabling direct connection with WISeSat satellites currently in orbit and serving as a local operations hub.
    • Incorporating WISeTalkie radio communication technology, developed by WISeKey and its partner Global Radio System (GRS), which ensures highly secure radio communications using advanced encryption, authentication protocols, and resistance to interference or unauthorized access. This innovation strengthens the security architecture of the WISeSat ecosystem at both space and ground levels.

    A new paradigm of decentralized innovation

    The model proposed by WISeSat España breaks with traditional centralized structures. Its vision is to create a decentralized network of European technological nodes, collaborating under principles of transparency, interoperability, resilience, and sovereign control. The La Línea node will serve as the secure space gateway for European institutions, companies, and citizens.

    “At WISeSat, we firmly believe that Europe needs its own secure and resilient infrastructure to avoid dependence on external players in critical areas such as space or cybersecurity. With WISeSat España and our partnerships with FOSSA Systems, PLD Space, QuantixS, and SEALSQ, we demonstrate that a 100% European model is not only possible but necessary,” said Carlos Creus Moreira, Founder and CEO of WISeKey.

    The January satellite, currently in orbit:
    https://wisesat.wisekey.com/?tags=WISeSat
    This launch builds on the previous success of WISeSat in collaboration with FOSSA Systems, which achieved the launch of 17 picosatellites to test the resilience and performance of its core technologies. These tests laid the foundation for the current generation of satellites, which, starting in June, will be equipped with more robust security protocols and post-quantum cryptographic infrastructure developed by SEALSQ.

    WISeSat also announced a new strategic partnership with Skyroot Aerospace in India. This collaboration will diversify launch operations by enabling satellites to be deployed on alternative orbital trajectories, optimizing constellation coverage and efficiency. The alliance also includes the possibility of manufacturing satellites on Indian soil, to local specifications, further strengthening WISeSat’s global production and launch capabilities.

    By the end of 2025, WISeSat satellites will be able to carry out transactions in SEALCOIN tokens with each other and with connected objects on Earth, forming a secure, autonomous mesh network for machine-to-machine (M2M) transactions. This innovation will create a financial and data exchange infrastructure in space, where connected machines will be digitally certified through a “Know Your Object” (KYO) protocol. The KYO process integrates Wecan technology and WISeKey’s WISeID platform, ensuring reliable identity and accountability throughout the ecosystem.

    Each WISeSat satellite is built with:

    • Post-quantum cryptographic chips from SEALSQ
    • WISeKey Root of Trust and digital identity infrastructure (WISeID)
    • Hedera’s Distributed Ledger Technology (DLT) for decentralized, tamper-proof data integrity

    This technological foundation positions WISeSat as a global leader in secure satellite-based IoT infrastructure.


    Invitation to Collaborate

    WISeSat España invites governments, universities, R&D centers, investors, and technology companies to join this transformative vision. The goal is to build together a new paradigm of smart economic development by integrating emerging technologies, specialized training, high-quality employment, and international cooperation.

    About WISeSat.Space
    WISeSat.Space AG is pioneering a transformative approach to IoT connectivity and climate change monitoring through its innovative satellite constellation. By providing cost-effective, secure, and global IoT connectivity, WISeSat is enabling a wide range of applications that support environmental monitoring, disaster management, and sustainable practices. The integration of satellite data with advanced climate models holds great promise for enhancing our understanding of climate change and developing effective strategies to combat its impacts. As the world continues to grapple with the challenges of climate change, initiatives like WISeSat’s IoT satellite constellation are essential for creating a more resilient and sustainable future.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com
    media@wisekey.com
    WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    The MIL Network

  • MIL-OSI Security: NATO Secretary General to attend a meeting of European leaders in France

    Source: NATO

    On Thursday, 27 March 2025, the NATO Secretary General, Mr Mark Rutte, will travel to Paris, France, to attend a meeting of European leaders and Canada with Ukraine.

    MIL Security OSI

  • MIL-OSI Global: The Panama Canal’s other conflict: Water security for the population and the global economy

    Source: The Conversation – USA – By Karina Garcia, Researcher and Lecturer in Climate, Universidad Tecnológica de Panamá

    The Panama Canal carries cargo ships between the Atlantic and Pacific oceans, cutting weeks off shipping time. Danny Lehman/The Image Bank via Getty Images

    The Panama Canal is one of the most important waterways in the world, with about 7% of global trade passing through. It also relies heavily on rainfall. Without enough freshwater flowing in, the canal’s locks can’t raise and lower ships traveling between the Atlantic and Pacific oceans. Droughts mean fewer ships per day, and that can quickly affect Panama’s finances and economies around the world.

    But the same freshwater is also essential for Panama’s many other needs, including drinking water for about 2 million Panamanians, use by Indigenous people and farmers in the watershed, as well as hydropower.

    When the region experiences droughts, as it did in 2023-2024, the resulting water shortages can lead to increasing water conflicts.

    One of those conflicts involves a new dam the Panama Canal Authority plans to begin building in 2027. It would be designed to secure enough water to keep the canal, which contributes about 4.2% to the country’s gross domestic product,, operating into the future, but it would also submerge farming communities and displace over 2,000 people from their homes.

    The Panama Canal Authority plans to build a new dam and reservoir that would submerge the village of Limon and hundreds of homes in the region.
    AP Photo/Matias Delacroix

    This recent drought wasn’t an anomaly. As an academic who studies the effects of rising temperatures on water availability and sea level rise, I’m aware that as the climate warms, Panama will likely face more extremes, both long dry spells and also periods of too much rain. That will force more trade-offs between residential needs and the canal over water use.

    Complex engineering remade the landscape

    The Panama Canal was built over a century ago at the narrowest point of the country and in the heart of its population center. The route was historically used by the Spanish colonies and later for a rail line between the oceans.

    The idea of a canal connecting the Atlantic and Pacific oceans began as a French endeavor, led by architect Ferdinand D. Lesseps, designer of the Suez Canal in Egypt. After the French effort failed, the U.S. government signed a treaty with newly independent Panama in 1903 to take over the project.

    The U.S. acquired the rights to build and operate the Panama Canal in exchange for US$10 million and annual payments of $250,000. Later, the Torrijos-Carter Treaty in 1977 committed the U.S. to transfer the control of operations to Panama at the end of 1999.

    One week of shipping on the Panama Canal. Source: Maps.com using World Economic Forum data.

    The canal project was designed to take advantage of the region’s tropical climate and abundant average rainfall.

    It harnessed the water of the Chagres River basin to run three sets of locks – chambers that, filled with fresh water, act like elevators, lifting or lowering ships to compensate for the difference in water levels between the two oceans.

    To ensure enough water would be available for the locks, the canal’s designers changed the shapes of the region’s mountains and rivers to create a large watershed – over 1,325 square miles (3,435 square kilometers) – that drains toward the canal’s human-made lakes, Gatun and Alajuela.

    About 65% of the water that flows from the watershed today goes to operate the locks. The majority of that water is quickly lost to the oceans.

    Even the two newest locks, built in 2016, only reuse about 60% of water on each transit – 40% is flushed to avoid saltwater from the oceans intruding into the watershed.

    Threats to water security

    Panama’s wet tropical weather is predominantly influenced by its location near the equator, the trade winds and the oceans. Most of its rain falls during the wet season, from May to November. However, weather records show a drop in average precipitation starting around 1950.

    The driest years resulted in dangerously low water levels in Gatun Lake that made canal operations difficult, including in 1998, 2016 and most recently 2023-2024. El Niño weather patterns can mean particularly low rainfall.

    Water levels at Gatun Lake since 1965 show how low 2023 and 2024 were.
    EIA

    In December 2023, the Panama Canal Authority was forced to limit the number of daily transits to 22, compared with 36 to 38 usual crossings, because too little freshwater was available.

    To avoid steep financial losses, the Panama Canal Authority raised prices and auctioned transit opportunities to the highest bidders. Without those measures, the authority estimated it would lose $100 million a month from reduced ship traffic because of the water shortage.

    Ecosystems also need enough water, and changes in forest tree composition have become evident on Barro Colorado Island in Gatun Lake in response to rising temperatures and more frequent droughts.

    Climate change is also creating greater variability in rainfall. Too much rain can also be a problem for canal operations. In December 2010, the biggest storm on record caused landslides and $150 million in damage that interrupted transits on the canal.

    Sustaining Panama’s canal and its people

    Temporary measures for saving water have been already implemented. The Panama Canal Authority shortened the chamber size in some of its locks to use less water for smaller vessels and minimized direction changes.

    In January 2025, the authority approved plans to build the new dam on the Indio River to increase water available for the canal. The dam could solve some water concerns during drier periods for the canal.

    However, it also illustrates the country’s water conflicts. Once filled, the dam’s reservoir will submerge over 1,200 homes by some counts, and more people in the region will lose access to land and travel routes. The Panama Canal Authority promises that residents will be relocated, but some of those living in the region fear they will lose their livelihoods, along with the communities their families have lived in for generations.

    Panama Canal representatives explain to community members in El Jobo in 2024 how a planned dam on the Indio River would affect the future of their community.
    AP Photo/Matias Delacroix

    Residents across Panama, meanwhile, regularly hear media campaigns that encourage them to save water. An Environmental Economic Incentives Program promotes forest conservation and sustainable family agriculture to conserve water resources.

    The Panama Canal is a crucial part of international trade, and it will face more periods of water stress. I believe responding to those future changes, as well as market and societal demands, will require innovative solutions that respect ecosystem limits and the needs of the population.

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

    ref. The Panama Canal’s other conflict: Water security for the population and the global economy – https://theconversation.com/the-panama-canals-other-conflict-water-security-for-the-population-and-the-global-economy-253100

    MIL OSI – Global Reports

  • MIL-OSI Global: As ‘right to die’ gains more acceptance, a scholar of Catholicism explains the position of the Catholic Church

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

    In recent years, euthanasia and assisted death rates have risen worldwide. Cavan Images / Raffi Maghdessian via Getty images

    An individual’s “right to die” is becoming more accepted across the globe. Polls show that most Americans support allowing doctors to end a patient’s life upon their request. Assisted suicide is now permitted in 10 U.S. states and in Washington. In 2025,five more states are set to consider “right to die” legislation.

    The “right to die” can refer to several means of dying. In “euthanasia,” death can either be “voluntary” – when a physician administers lethal drugs with the patient’s consent – or “nonvoluntary,” without a person’s consent, as when a person is in a vegetative state. In such cases, consent is usually given by a legal guardian or relative.

    By contrast “assisted suicide” refers to a person being aided in ending their life by being given lethal drugs and then administering the dose themselves. This practice is sometimes called “assisted dying.” These terms make crucial distinctions between who carries out the final act of ending life.

    Worldwide, euthanasia and assisted death rates have risen in recent years.

    In 2023, almost 1 in 20 deaths in Canada were from assisted dying; in the Netherlands, the number reached 5.4% from assisted dying and euthanasia. The Netherlands has also legalized assisted dying related to mental disorders, not just terminal illnesses.

    In November 2024, an assisted dying bill passed the British parliament, with a similar bill now pending in Scotland. Assisted suicide and euthanasia are already legal in Spain, Belgium and Luxembourg, among other countries in Europe and Latin America.

    The right-to-die debate

    Advocates of a person’s right to die argue that individuals should make their own end-of-life decisions because it is their life – and their death. Advocates also maintain that euthanasia and assisted suicide not only prevent further suffering, but also safeguard an individual’s dignity by avoiding senseless pain and severely diminished quality of life.

    However, right-to-die advocates have critics; among the more forceful ones is the Roman Catholic Church. For example, speaking about the potential legalization of euthanasia in France in 2022, Pope Francis argued that euthanasia, in all its forms, only leads to “more killing.”

    But as a scholar of Catholic thought and practice, I also recognize that the Catholic position is a nuanced one. It opposes euthanasia and assisted dying, but it does not support extraordinary or disproportionate treatments when unavoidable death is close at hand.

    ‘A sin against God’

    Francis has called euthanasia and assisted suicide “a sin against God.” He also has linked euthanasia to abortion, saying, “you don’t play with life, not at the beginning, and not at the end.”

    The fullest, most recent explanation of the Catholic view on the right to die can be found in the 2020 Vatican letter “The Good Samaritan,” a title that refers to the biblical story of a stranger who was the only one to assist a man beaten and stripped by robbers.

    The parable of The Good Samaritan.
    David Teniers the Younger/ The Metropolitan Museum of Art

    Agreeing with many other Christian denominations, “The Good Samaritan” letter makes the point that our lives are not our own but belong to God. As God’s creations, we do not have the right to end our own lives. Euthanasia also involves a doctor actively killing their own patient. Euthanasia and assisted suicide thus violate the biblical commandment “thou shalt not kill.”

    Beyond this basic point, the letter maintains that euthanasia undermines society because the right to life is the basis of all other rights. Also, debates about “quality of life” can lead to the idea that “poor-quality” lives have no right to continue.

    A failure of love

    “The Good Samaritan” letter observes that human beings are joined together by compassion – a word that literally means “co-suffering.” In the letter’s words, which have been repeated by Francis many times, euthanasia is “false compassion” because it ignores the “spiritual and interpersonal aspects” of human life such as accompanying – or simply being with – someone in and through their suffering.

    Connected to this opposition to euthanasia and assisted suicide is a point that Francis often makes about “throwaway culture,” which “discards” the poor, needy and dependent. In Francis’ words, euthanasia is “a failure of love.”

    End-of-life care

    Given the Catholic church’s stand against assisted suicide and euthanasia, it might seem surprising that the church does allow refusing “overzealous” treatments that prolong suffering in the face of unavoidable death. Such procedures could include mechanical ventilation or dialysis, for example.

    Catholic ethics would point out that killing is a basic part of the act of assisted suicide and euthanasia. Killing is also the intent behind the action.

    But declining disproportionate treatment is not intended to kill the patient, although death is the foreseeable outcome. Death is the result of the disease, not the result of a method that actively ends the patient’s life. Also, even in terminal cases, normal care, such as providing nutrition and hydration, should be continued unless it causes additional pain.

    A difference that matters

    In the Catholic Church’s view, it matters that there is a difference between assisted suicide and euthanasia, on the one hand, and discontinuing disproportionate care, on the other. The difference lies in the nature of particular actions and the intent behind them.

    And the difference also matters in a broader sense. In the debate between right-to-die advocates and those who, like Francis, oppose them, there are very different understandings of how society should respond to those who suffer.

    Mathew Schmalz is a Roman Catholic and registered as an Independent.

    ref. As ‘right to die’ gains more acceptance, a scholar of Catholicism explains the position of the Catholic Church – https://theconversation.com/as-right-to-die-gains-more-acceptance-a-scholar-of-catholicism-explains-the-position-of-the-catholic-church-146737

    MIL OSI – Global Reports

  • MIL-OSI: Intetics Ranks Among America’s Most Innovative Companies for 2025 – A True Tech Leader

    Source: GlobeNewswire (MIL-OSI)

    Intetics, a leading global technology company, has once again been recognized by Fortune as one of America’s Most Innovative Companies in 2025.

    NAPLES, Fla., March 31, 2025 (GLOBE NEWSWIRE) — America’s Most Innovative Companies honors 300 companies headquartered in the United States that are reshaping industries from the inside out. The list is determined based on independent scores in three key categories — product innovation, process innovation, and innovation culture — all of which are at the heart of the services we provide to our clients.

    To create this esteemed list, Fortune collaborated with market research firm Statista, which evaluated over 10,000 companies across the U.S. The evaluation included input from more than 40,000 survey participants and a panel of 2,500 industry experts. The top 300 companies with the highest overall scores were recognized, and we are proud to be among them.

    “Intetics has once again been recognized as one of Fortune’s Most Innovative Companies in America! My head is spinning from such an honor. This recognition reaffirms our commitment to creating groundbreaking solutions and driving meaningful impact. A huge thank you to our incredible team, partners, and clients who make an innovative part of our DNA every day. We’re proud to be on this list and will keep pushing forward.”
    Boris Kontsevoi, CEO & President of Intetics

    Intetics entered the Top 43 global leaders in the Technology category, standing alongside significant industry players such as Apple, Microsoft, Nvidia, Oracle, Cisco Systems, Intel, eBay, and others. This remarkable achievement underscores our role as a leader in technological innovation.

    For more than 30 years, innovation has been the cornerstone of Intetics, fueling our position as an AI-driven tech leader. From pioneering a revolutionary team formation model to introducing our AI-powered Enterprise Knowledge Assistant, we’ve consistently pushed the limits of technology.

    With a deep focus on understanding our clients’ unique challenges, we provide cutting-edge, cost-effective IT solutions that leverage AI, Machine Learning (ML),  AR/VR, Blockchain, geospatial technologies, and other tech competencies. Whether creating sophisticated enterprise software or building intuitive mobile applications, we collaborate closely with clients to deliver tailored solutions that meet both engineering and business objectives.

    Discover more about how you can help your business thrive by leveraging innovative tech and efficient dedicated development teams.

    About Fortune

    Fortune is a global media organization dedicated to helping its readers, viewers, and attendees succeed big in business through unrivaled access and best-in-class storytelling.

    About Statista

    Statista is an online platform specialized in market and consumer data, which offers statistics and reports, market insights, consumer insights and company insights in German, English, Spanish and French.

    About Intetics Inc.

    Intetics Inc. is a leading American technology company providing custom software application development, distributed professional teams creation, software product quality assessment, and “all-things-digital” solutions built with SMAC, RPA, AI/ML, IoT, blockchain, and GIS/UAV/LBS technologies. 

    Based on proprietary pioneering business models of Offshore Dedicated Team® and Remote In-Sourcing®, an advanced Technical Debt Reduction Platform (TETRA™) and measurable SLAs for software engineering, Intetics helps innovative organizations capitalize on global talent with our in-depth engineering expertise based on our Predictive Software Engineering framework.  

    At Intetics, our outcomes do not just meet clients’ expectations, they have been exceeding them for a quarter of a century. Intetics is ISO 9001 (quality) and ISO 27001 (security) certified and a Microsoft Gold, Amazon, and UiPath Silver partner.  The company’s innovation and growth achievements are reflected in winning prestigious titles and awards, including Inc5000, Software 500, CRN 100, American Business, Deloitte Fast 50, European IT Excellence, Best European BPO, Stevie People’s Choice, Clutch and ACQ5 Awards, IAOP Global Outsourcing 100 and Fortune Innovative 300 lists. You can find more information at https://intetics.com.

    The MIL Network

  • MIL-OSI Global: UK nuclear deterrent: the mutual defense agreement is at risk in a Trumpian age

    Source: The Conversation – UK – By Becky Alexis-Martin, Peace Studies and International Development, University of Bradford

    Keir Starmer aboard one of the UK’s Vanguard class submarines. CC BY-NC-ND

    Prime Minister Keir Starmer recently boarded one of the UK’s four nuclear-armed submarines for a photo call as part of his attempts to demonstrate the UK’s defence capabilities as tensions with Russia continue.

    However, Starmer faces a problem. The submarine, and the rest of the UK’s nuclear fleet, is heavily reliant on the US as an operating partner. And at a time when the US becomes an increasingly unreliable partner under the leadership of an entirely transactional president, this is not ideal. The US can, if it chooses, effectively switch off the UK’s nuclear deterrent.

    British and US nuclear history is irrevocably interwoven. The US and UK cooperated on the Manhattan project, under the 1943 Quebec agreements and the 1944 Hyde Park aide memoire. This work generated the world’s first nuclear weapons, which were deployed on Hiroshima and Nagasaki in 1945.

    It also led to the first rupture. In 1946, the US classified UK citizens as “foreign” and prevented them from engaging in secret nuclear work. Collaboration with the UK immediately ceased.

    The UK decided to develop its own arsenal of nuclear weapons. The successful detonation of the “Grapple Yhydrogen bomb in April 1958 cemented its position as a thermonuclear power.

    In the meantime, however, Russia’s launch of the Sputnik satellite in 1957 had demonstrated the lethal reach of Soviet nuclear technology. This brought the US and UK back together as nuclear partners.


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    Talks on how to counter the Russian threat became the foundation of an atomic partnership that endures to the present day. This mutual defence agreement, signed in 1958, has provided the UK with affordable access to the latest nuclear technology and a reliable western ally. The treaty has been amended and adapted over time to reflect changes in the US-UK working relationship and the two are now so entangled that it is very hard to leave the co-dependent relationship.

    Both sides have benefited from security and protection, especially during the cold war. However, Trump’s new “special relationship” with Russia’s Vladimir Putin has reconfigured the global order of geopolitics.

    Serious concerns are now being raised about the UK’s nuclear capacity, given the unpredictability and potential unreliability of the new US administration. Trump could ignore or threaten to terminate the agreement in a show of power or contempt.

    The UK’s nuclear subs

    The UK’s Trident nuclear deterrence programme consists of four Vanguard nuclear-powered and armed submarines. The UK has some autonomy, as it is operationally independent and controls the decision to launch.

    However, it remains dependent on the US because the nuclear technologies at the heart of the Trident system are US designed and leased by Lockheed Martin – and there is no suitable alternative. The Trident system therefore relies on the US for support and maintenance.

    The UK is currently in the process of upgrading the current system. But its options seem limited. If the US were to renege on its commitments, the UK would either have to produce its own weapons domestically, collaborate with France or Europe or disarm. Each scenario creates new issues for the UK. Manufacturing nuclear weapons from scratch in the UK, for example, would be a costly and protracted activity.

    Technical collaboration with France seems the most plausible back-up option at the moment. The two countries already have a nuclear collaboration treaty in place. France has taken a similar submarine-based approach to deterrence as the UK and French president Emmanuel Macron has suggested its deterrent could be used to protect other European countries. Another alternative would be to spread the cost across Europe and create a European deterrence – but both strategies just re-embed the UK’s current nuclear reliance.

    The UK is reliant on others for its nuclear deterrent.
    Number 10/Flickr, CC BY-NC-ND

    While these weapons may deter a hostile nuclear strike, they have failed to prevent broader acts of aggression. Nuclear weapons have not been used in warfare for 80 years. Perhaps it is time to completely and permanently unshackle the UK from nuclear deterrence, and consider alternative forms of defence.

    The UK’s nuclear arsenal is expensive to maintain. The cost of replacing Trident is £205 billion. In 2023, the Ministry of Defence reported that the anticipated costs for supporting the nuclear deterrent would exceed its budget by £7.9 billion over the next ten years. This funding could be channelled into more pressing security threats, such as cybersecurity, terrorism or climate change.

    Nuclear weapons will become strategically redundant if the UK cannot act independently. As Nato and the US dominate the global nuclear stage, the UK’s capacity to respond has become contested. The time has come to decide whether the US is really our friend – or a new foe.

    Becky Alexis-Martin 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. UK nuclear deterrent: the mutual defense agreement is at risk in a Trumpian age – https://theconversation.com/uk-nuclear-deterrent-the-mutual-defense-agreement-is-at-risk-in-a-trumpian-age-252674

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Home Secretary speech at the Organised Immigration Crime Summit

    Source: United Kingdom – Government Statements

    Speech

    Home Secretary speech at the Organised Immigration Crime Summit

    Home Secretary Yvette Cooper delivered a speech on the first day of the Organised Immigration Crime Summit in London.

    Thank you very much. Thank you Prime Minister, thank you to the Italian Prime Minister and good morning everyone.

    Can I thank everyone for travelling here from all over the world. Interior ministers, senior law enforcement, delegations from over 40 countries and organisations, we are so pleased to welcome you to London and here to Lancaster House for this, the first summit of its kind on organised immigration crime and border security, and to have so many people come from across the world, shows the seriousness with which all our countries are taking these issues, but also, bluntly, how much more together we need to do.

    Of course, we are not the first generation to grapple with international migration, the societal, economic security consequences that flow through the centuries.

    Of course, people have travelled across borders to work, to study, join family, to flee war or persecution, to escape poverty, to seek a better life for a different future, to chase new resources, or to forge new nations.

    But in recent years, we have seen new and serious patterns and scales of irregular and illegal migration causing major challenges for border security, for national security, for the rule of law, for countries and the economy across so many of our countries, in source, in transit and in destination, countries alike.

    And 2 facts have accelerated and changed some of the challenges our countries face.

    Firstly, technology. The physical distances between nations and continents may not have changed, but technology has made the world feel a lot smaller.

    Organising journeys can be faster and easier than ever, and the details of a different future is suddenly right there on a smartphone in the palm of your hand.

    And the second factor is the emergence of a vast and ruthless criminal industry that stretches across borders and across continents worth billions of pounds.

    The criminal smuggler and trafficking gangs who profit from undermining our border security, our national security and the rule of law and from putting lives at risk, have grown and stretched across the globe.

    And every country here will have different stories to tell and insights to share, but across all of our countries, we’ve seen that organised immigration crime posing a significant and growing global threat with far reaching consequences for us all – breaking our laws, undermining our security and our cohesion.

    From the source countries where gangs prey on the vulnerable, to transit countries where people and equipment pass through towns and borders unchecked, to destination countries managing the financial, the social and the criminal fallout, no part of the journey is untouched.

    And those gangs profiting from what is a vile trade in human beings are exploiting more people than ever before.

    You have heard from our Prime Minister what that means for us here in the UK, and in just 6 years, we’ve seen a criminal industry organising the small boat crossings take hold along our borders.

    Three hundred people crossed the channel on flimsy, dangerous small boats 6, 7 years ago, but 4 years later, that rose to over 30,000, an increase, a 100 fold increase, powered by smuggler and trafficking gangs.

    The gangs who advertise on social media false promise of illegal jobs, gangs who organise the logistics, the fake papers, the illegal finance networks to take everyone’s money, have thousands of pounds, the supply chains, the flimsy rubber boats, the engines.

    And perhaps for us, one of the most disturbing things of all, for us and for France, for the Calais Group, to see some of the fake life jackets, including fake life jackets for children that would not keep anyone afloat in the cold sea.

    And then the organisation along the beaches of France, the violence, the increasing and outrageous violence, against law enforcement.

    And to give you the example of how they run some of those organisations, we’ve seen the small boats, the flimsy rubber boats, take off as taxi boats and make people wait in the freezing water, in the freezing sea, so they then wait to be picked up, to climb onto the boats and then they overcrowd the boats with women and children put in the centre of the boat, the boat can then fold in. There’s the women and children who get crushed and then if the fuel in flimsy containers then leaks and mixes with salt water that can cause terrible, terrible burns.

    And then we’ve seen children crushed to death, and yet the boat carries on and that shameful, disgraceful crime where people, criminal gangs have profited from those lives being lost.

    And that’s why we cannot let that carry on.

    All of your countries will have the different stories of the way in which the gangs are exploiting people into sexual exploitation, into slave labour, into crime.

    The way in which the gangs are using new technology, not just the phones, the social media to organise, but even the drones to spot where the border patrols are, the operations along the land borders, across continents.  

    But it is governments, not gangs, who should be deciding who enters our country, and those gangs are operating and profiting across borders.

    So we and our law enforcement need to co-operate across borders now to take them down.

    That’s why, as you heard from our Prime Minister, we are strengthening our laws here in the UK, bringing in new counter-terror powers so we can seize phones, investigate preparatory acts, so we can crack down on the illegal working of modern slavery and establishing our new Border Security Command.

    But we know that strengthening our border security means working with all the countries on the other sides of our borders, not just standing on our shoreline, shouting at the sea.

    We know too that no country can do this alone, and that is why the partnerships and everyone gathering here is so important.

    So today we will talk about what to do to tackle this vile trade in human beings.

    How we choke off the supply chains, the false papers, how we go after the money, how we take down the advertising.

    And how we disrupt, how we pursue, how we prosecute, how we pursue this global battle against a trade in people.

    It is our determination to do this together, the alliances that we build across our borders can be stronger than the criminal gangs who seek to undermine us.

    Thank you all for joining with us in this event today, this first summit. We have so much work to do during the course of the day, so many conversations to have, but thank you so much for being part of it, and I look forward to hearing everyone’s views during the conference today.

    Thank you very much.

    Updates to this page

    Published 31 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: PM remarks at the Organised Immigration Summit in central London: 31 March 2025

    Source: United Kingdom – Executive Government & Departments

    Speech

    PM remarks at the Organised Immigration Summit in central London: 31 March 2025

    The Prime Minister’s remarks at the Organised Immigration Summit in central London today (Monday 31 March).

    It’s great to welcome you all to Lancaster House. It was right here, earlier this month that the UK convened leaders from across Europe together with President Zelenskyy to support a just and lasting peace in Ukraine.

    Because we know that Ukraine’s security is our security. And we can only deliver it by taking bold action at home, with the biggest increase in defence spending since the Cold War.

    And also, by working together with our international partners. 

    Now – the same is clearly true for the security of our borders.

    Illegal migration is a massive driver of global insecurity. It undermines our ability to control who comes here. And that makes people angry. 

    It makes me angry, frankly because it is unfair on ordinary working people who pay the price, from the cost of hotels to our public services struggling under the strain.

    And it’s unfair on the illegal migrants themselves. Because these are vulnerable people being ruthlessly exploited by vile gangs.

    So look, we must each take decisive action in our own countries to deal with this. Nobody can doubt that the people we serve want this issue sorted.

    But the truth is – we can only smash these gangs, once and for all if we work together.

    Because this evil trade, it exploits the cracks between our institutions. Pits nations against one another. Profits from our inability at the political level to come together.

    And that’s why from the moment I took office we said the UK would convene this Summit.

    And I’m delighted today to be joined by all of you. Representatives from more than 40 countries across the world, building a truly international effort to defeat organised immigration crime.

    And let me tell you why. Let me take you back to a visit I made as a relatively new Member of Parliament in 2016 to the camp on the outskirts of Calais.

    I can still picture it now. The muddy ground, sodden with rain and human waste. 

    Children as young as five and seven, the same age as my children were then huddling together in freezing temperatures with almost nothing to keep them warm.

    Now, of course, that infamous camp has long since gone. But the evil of the people smuggling businesses that put people there, that remains.

    The gangs remain. That exploitation of desperation, misery and false hope – that all remains.

    There’s nothing progressive or compassionate about turning a blind eye to this. Nothing progressive or compassionate about continuing that false hope which attracts people to make those journeys.

    No – we have got to get to grips with it once and for all. That’s why when I spoke at the INTERPOL meeting in Glasgow last year I said we need to treat people-smuggling as a global security threat similar if you like to terrorism.

    We’ve got to bring to bear all the powers we have at our disposal in much the same way we do against terrorism.

    Before I was a politician, I was the Director of Public Prosecutions in England and Wales. We worked across borders throughout Europe and beyond to foil numerous plots.

    Saving thousands of lives in the process. We prevented planes from being blown up over the Atlantic. And we brought the perpetrators to justice.

    So I believe we should treat organised immigration crime in the exactly same way. I simply don’t believe organised immigration crime cannot be tackled.

    So – we’ve got to combine resources. Share intelligence and tactics. Tackle the problem upstream at every step of the people smuggling journey, from North Africa and the Middle East to the high streets of our biggest cities. 

    And look, to that end, we’ve already got to work. Begun to make progress since I came into office. The UK has re-set its entire approach to international collaboration.

    I’ve put smashing the gangs on the agenda of international summits. Showing that the UK now means business. Working together with our allies. We’ve struck new agreements and plans with so many of the countries represented in the room here today.

     Take our work with France as a good example. Now previously – their maritime doctrine prevented French law enforcement from responding to small boats in shallow waters.

    But now we’re working with them to change that, to make sure we get new border patrols and specialist units on the French coast using state-of-the-art surveillance technology.

    With Germany another example, if you can believe it, it wasn’t technically illegal to facilitate people-smuggling to a country outside the EU, like the United Kingdom. But now it will be.

    And with our new bilateral agreement Germany will be able to prosecute the criminal networks facilitating this vile trade.

    Just a few examples of the international collaboration that is so important to taking this challenge on. And it’s beginning to bear fruit.

    At the end of last year, a major operation by French, German and British law enforcement smashed an Iraqi smuggling network with multiple arrests and the seizure seizing hundreds of boats and engines.

    In Amsterdam, a man was arrested on suspicion of supplying hundreds of small boat parts to people smugglers.

    That was a joint operation with our National Crime Agency together with Dutch and Belgian police.

    We’re also working upstream to address factors that drive people towards small boats in the first place.

    Working with the authorities in Albania and Vietnam on campaigns to deter those who are thinking about making that perilous journey.

    Because there is also nothing progressive about allowing working age people to come here illegally instead of supporting them to build their own economies, secure a better future for their own countries, and build a safer, more prosperous world.

    But look – as we work together more closely I think than ever before we’ve also got to take the tough measures at home in our own countries.

    That doesn’t mean gimmicks. You may be familiar with the gimmicks of the last 14 years here in Britain. It means understanding the problem.

    And coming up with pragmatic solutions that work. Actually, fixing what’s wrong.

    Few things show this more clearly, than our approach to border security. We inherited this total fragmentation between our policing, our Border Force and our intelligence agencies.

    A fragmentation that made it crystal clear, when I looked at it, that there were gaps in our defence. An open invitation at our borders for the people smugglers to crack on.

    To be honest it should have been fixed years ago. But we’re doing it now with our new Border Security Command. Led by Martin Hewitt – who many of you I think will know.

    We’re recruiting hundreds of specialist investigators from across our police, our Border Force and intelligence agencies. Creating an elite Border Force. Working with our international partners. Ending the fragmentation. 

    £150 million invested over the next two years and new powers and criminal offences to get the job done. So the police will be able to seize the phones and devices of migrants arriving on our shores and gather intelligence about the smugglers. 

    The police will be able to act when they have reason to believe preparations are being made for criminal activity instead of waiting for a crime to happen before they can act.

    And it will be an offence to endanger lives at sea to prevent more tragic deaths in the Channel.

    We are also redeploying resources away from the Tory’s wasteful Rwanda scheme. A scheme that spent over 700 million pounds of taxpayer money to remove just four volunteers.

    You know, even if that scheme had gone well, they were claiming they might remove – 300 people a year.

    Since coming to office – I can announce today we have returned more than 24,000 people who have no right to be here. 

    That would have taken the Rwanda scheme 80 years to achieve. This is what I mean about not giving in to gimmicks. Just focusing our efforts and resources on the nuts and bolts of removing people. Getting the asylum system working properly. That’s how we’ve delivered the highest returns rate for eight years and the four biggest return flights ever.

    We’re also ramping up the deportation of Foreign National Offenders with a new team of specialist frontline staff going into our prisons, speeding up the removal of prisoners who have no right to be in this country.

    Now, all of this is providing a real disincentive to people thinking about coming to Britain illegally. But if we’re talking about incentives – we need to talk about the people smugglers as well.

    Because they don’t care about borders. They don’t care about the people they traffic. And they don’t care about our country and our people.

    They only care about one thing: money. They make huge profits out of ruining people’s lives. I mean – a few months ago, I went to see some of the boats that had been seized at the NCA headquarters. 

    Now we call them small boats, but honestly they’re not worthy of the name boat. I don’t know what you would call them. To me they look like death traps.

    Flimsy. Rubber. No firm structure. You would not let your children climb aboard, even for a second in shallow waters.

    Seriously – if they were a car, they’d be off the road in minutes. The police would intervene. 

    And don’t tell me they’ve got any purpose other than people smuggling. So I see no reason why we can’t go after them. And so we are.

    We have seized hundreds of boats and engines, driving up the costs for the smugglers.

    We have taken down 18,000 social media accounts. That’s 10,000 more than last year, disrupting the way smugglers promote their services.

    And more than that, we have announced a new sanctions regime. Treating people smugglers like terrorists. Freezing their assets, banning their travel.

    Putting them behind bars – where they belong. But just as important – putting their entire model, out of business, securing our borders on behalf of working people.

    Because as I said at the start – this is about fairness. And there is little that strikes working people as more unfair than watching illegal migration drive down their wages, their terms and their conditions through illegal work in their community. 

    We have to be honest here. For too long, the UK has been a soft touch on this. While the last government were busy with their Rwanda gimmick, they left the door wide open for illegal working.

    Especially in short-term or zero-hours roles like in construction, beauty salons and courier services.

    And while of course most companies do the responsible thing and carry out right to work checks.

    Too many dodgy firms have been exploiting a loophole to skip this process: hiring illegal workers, undercutting honest businesses, driving down the wages of ordinary working people. 

    And all of this, of course fuelling that poisonous narrative of the gangs who promise the dream of a better life to vulnerable people yet deliver a nightmare of squalid conditions and appalling exploitation.

    Well, today we are changing that because this government is introducing a tough new law to force all companies to carry out these checks on right to work.

    They take just minutes to complete – so they are not burdensome for business. And they can be done free of charge – so there will be no excuses.

    And no ability to claim they didn’t know they had illegal workers. And failure to comply will result in fines of up to £60,000. Prison terms of up to 5 years and the potential closure of their business.

    Now, none of these strategies on their own are a silver bullet. I know that.

    But each of them is another tool. An arsenal we are building up to smash the gangs once and for all.

    We must pull every lever available. And that is what this Labour government is doing. 

    No short cuts, no gimmicks. Just the hard graft of sleeves-rolled-up, practical government. 

    Securing our borders. Getting a grip on illegal migration. Delivering our Plan for Change.

    We want to work with you and with everyone who is as determined as we are to end the misery and evil of people-smuggling.

    Because together we will save lives.

    We will secure our borders.

    We will smash the gangs that undermine our security…

    And deliver fairness for the working people we serve.

    Thank you.

    Updates to this page

    Published 31 March 2025

    MIL OSI United Kingdom

  • MIL-OSI Economics: Panasonic HD Announces Personnel Changes

    Source: Panasonic

    Headline: Panasonic HD Announces Personnel Changes

    The content in this website is accurate at the time of publication but may be subject to change without notice.Please note therefore that these documents may not always contain the most up-to-date information.Please note that German, French and Chinese versions are machine translations, so the quality and accuracy may vary.

    MIL OSI Economics

  • MIL-OSI Banking: Panasonic HD Announces Personnel Changes

    Source: Panasonic

    Headline: Panasonic HD Announces Personnel Changes

    The content in this website is accurate at the time of publication but may be subject to change without notice.Please note therefore that these documents may not always contain the most up-to-date information.Please note that German, French and Chinese versions are machine translations, so the quality and accuracy may vary.

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: Prime Minister announces massive surge in immigration enforcement as returns reach 24,000 since the election

    Source: United Kingdom – Executive Government & Departments

    Press release

    Prime Minister announces massive surge in immigration enforcement as returns reach 24,000 since the election

    The Prime Minister today (Monday 31 March) announced the government has returned more than 24,000 individuals with no right to be in the UK since the General Election – the highest returns rate for eight years.

    • More than 24,000 people with no right to be here returned since July
    • Highest rate of returns in eight years
    • 21% increase enforced returns as government begins to restore order to immigration system under the Plan for Change 

    The Prime Minister today (Monday 31 March) announced the government has returned more than 24,000 individuals with no right to be in the UK since the General Election – the highest returns rate for eight years. 

    Speaking at the Organised Immigration Crime Summit, where over 40 countries and organisations have come together to agree new action to smash people-smuggling gangs, the Prime Minister outlined how the government is finally restoring order to the immigration system after years of failure.

    The continued rise in removals includes a 21% increase in enforced returns and a 16% increase in foreign national offenders being removed from the UK since July 5th, including the 4 biggest returns charter flights in the UK’s history, with a total of more than 850 people on board.

    The massive surge in removals followed the government’s immediate action to redeploy staff across the Home Office to work on policies that deliver results. 

    At the Summit the Prime Minister set out the approach this government is taking to finally take on organised immigration crime – one that moves beyond gimmicks and instead delivers hard graft, international leadership, and delivers on working people’s priorities for secure borders.

    He set out how this is based on giving law enforcement tougher powers than ever to smash the smuggling gangs, ramping up removals to record levels, surging illegal working raids to end the false promise of jobs used by gangs to sell spaces on boats and leading a renewed international law enforcement effort.

    Since taking office the government has reset its approach to global cooperation, striking new bilateral agreements with key international partners including France, Germany, Italy, and Balkan states to disrupt smuggling networks and accelerate removals.

    This is backed by the work of Border Security Commander Martin Hewitt who has been negotiating new agreements to bring together international policing, intelligence, and border enforcement to dismantle organised immigration crime networks at home and abroad.

    This work has already seen arrests of major people smuggling kingpins through joint investigations with the National Crime Agency.

    Prime Minister Keir Starmer said:

    Immigration crime funds the vile people-smuggling gangs that trade in human misery, breach our borders and threaten Britain’s economic security. This government is taking back control, doing the hard graft needed to deliver results, working with our international allies to smash these gangs and secure our borders. 

    We’ve already removed more than 24,000 people with no right to be here and we’re finally shutting down exploitative illegal working, dismantling criminal networks, while forcing people-smuggling gangs out of business.

    For too long, the UK was a soft touch. That ends now. No more gimmicks, no empty promises, just serious action for British security.

    With over 40 international partners joining the UK’s call to treat people-smuggling like terrorism, today’s summit marks the beginning of a new global coalition to take the fight to the criminal gangs at every stage of the smuggling chain.

    This is backed by landmark legislation through the Border Security, Asylum and Immigration Bill, giving new powers to seize migrants’ phones to identify smugglers, criminalise those who endanger lives at sea, and ensure every business carries out right-to-work checks – ending the exploitation of illegal labour for good.

    Additional information:

    Between 5 July and 22 March 2025 there were 24,103 returns, the highest 9 month period compared to any 9-month period since 2017. Prior to this from Jan – Sept 2017, returns were 25,225.

    Of total returns since 5 July 2024:

    • there were 6,339 enforced returns of people with no legal right to remain in the UK
    • 3,594 were of foreign national offenders (FNOs)
    • 6,781 were asylum related returns

    From 5 July 2024 to 22 March 2025 there have been 46 charter flights for returns to countries in Africa, Asia, Europe and South America

    The full stats can be seen here.

    Updates to this page

    Published 31 March 2025

    MIL OSI United Kingdom

  • MIL-OSI: Soitec confirms its excellence in innovation with progress up 2024 INPI patent ranking

    Source: GlobeNewswire (MIL-OSI)

    Soitec confirms its excellence in innovation with progress up 2024 INPI patent ranking

    Bernin (France), March 31, 2025 – Soitec (Euronext – Tech Leaders), a world leader in the design and production of innovative semiconductor materials, once again demonstrates its excellence in innovation through its rise in the 2024 ranking of patent filers published by the INPI (the French National Institute of Industrial Property).

    This recognition highlights Soitec’s unwavering commitment to innovation and confirms its central role in the development of disruptive technologies, driven by a global strategy and a network of research centers spread across several continents.

    For the first time, the patents filed originate from all of its innovation sites around the world, illustrating a collaborative approach that combines technological excellence with strong local roots.

    With 76 patents filed in France in 2024, compared to 62 the previous year, Soitec:

    • Confirms its 1st place among the most innovative mid-sized companies1, for the second consecutive year;
    • Rises to 22nd place nationally, up three places.

    This achievement reflects the strength of Soitec’s innovation strategy, driven by its research, technology, and intellectual property teams. The company protects its technological advances with a robust patent portfolio, securing its innovations and ensuring product differentiation in the market through the exclusivity of its innovations. With approximately 400 patents filed worldwide each year, Soitec has established itself as an essential technology leader.

    Pierre Barnabé, CEO of Soitec, stated:

    This progress in the INPI ranking demonstrates Soitec’s unwavering commitment to innovation and intellectual property. Our teams continue to develop breakthrough solutions that address the strategic challenges of our industry. By strengthening our patent portfolio, we consolidate our leadership position and create value for our customers and partners worldwide.”

    Soitec’s continuous investments in R&D enable it to anticipate the needs of strategic markets and address the technological challenges of the future. With 14% of its revenue dedicated to R&D this year2, the company develops innovative materials that accelerate the transition to more efficient and sustainable solutions in the field of mobile communications, artificial intelligence, and power electronics.

    At the same time, Soitec continues to diversify its activities by introducing innovative new products. The company is at the forefront of Photonics-SOI technology, which facilitates the shift from electrical to optical interconnects – a key development for the evolution of data centers and telecommunications. Furthermore, Soitec’s SmartSiC™ silicon carbide wafers, produced using its patented SmartCut™ technology, enhance the performance and sustainability of power electronics applications, which are essential for electric mobility and the energy industry. Another example is Soitec’s POI (Piezoelectric On Insulator), an innovative substrate also manufactured using its SmartCut™ technology. It is based on a high-resistivity silicon substrate, topped with an embedded oxide layer and a thin layer of single-crystal piezoelectric material, making it particularly suitable for advanced applications in optoelectronics and telecommunications.

    Link to the full INPI report: 2024 Patent Filers Ranking

    *****

    About Soitec

    Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 1 billion Euros in fiscal year 2023-2024. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of its 2,300 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Soitec has registered over 4,000 patents.

    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

    For more information: https://www.soitec.com/en/ and follow us on LinkedIn and X: @Soitec_Official

    # # #

    Media Relations: media@soitec.com

    Investor Relations: investors@soitec.com


    1 ETI (Entreprises de Taille Intermédiaire) in French
    2 Before capitalization (Universal Registration Document 2023-2024)

    Attachment

    The MIL Network

  • MIL-OSI: Aegon announces changes to its Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    The Hague, March 31, 2025 – Aegon today announces the nomination of David Herzog, Lori Fouché and Jay Ralph as new members of its Board of Directors at the company’s Annual General Meeting of shareholders (AGM) which will be held on June 12, 2025. 

    The Board intends to appoint David Herzog as Chair in the second half of 2025. Mr. Herzog will succeed William Connelly. To ensure a smooth transition, the Board will propose the reappointment of Mr. Connelly as a member for an additional year. Subsequently, Mr. Connelly will retire as Chair and member of the Board in the second half of 2025. 

    Mark Ellman, who joined Aegon’s Board in 2017 and whose second term will end in 2025, along with Jack McGarry, who joined the Board in 2021 and whose first term will end in 2025, will be nominated for reappointment at the AGM. Meanwhile, Dona Young, who joined Aegon’s Board in 2013 and whose third term concludes in 2025, will retire. 

    William Connelly commented: “We are delighted to propose David Herzog, Lori Fouché and Jay Ralph as new members of Aegon’s Board. We believe their expertise in insurance and asset management will strengthen the Board’s composition and support the company as we continue to execute our strategy and deliver value to our stakeholders. I would also like to take this opportunity to extend my heartfelt gratitude to Dona Young for her many contributions to Aegon. With her commitment, valuable insights and pragmatic approach, Dona has played an important role in Aegon’s transformation.” 

    David Herzog brings over forty years of life insurance and financial services experience to the Board. Currently serving as a member of the Board of Directors at MetLife, and as Chairman of the Board at DXC Technology, David’s extensive career includes key roles such as Chief Financial Officer and Executive Vice President at American International Group (AIG) from 2008 to 2016. Prior to this, Mr. Herzog was the Chief Financial Officer and Chief Operating Officer at American General Life, following its acquisition by AIG. He also held various executive positions at GenAmerica Corporation and Family Guardian Life, a Citicorp company, adding to his profound insight into the financial services industry.

    Lori Fouché brings over two decades of experience in the financial services industry and has extensive expertise in driving transformation and innovation. Most recently, Ms. Fouché served as Senior Executive Vice President and Advisor to the CEO of TIAA, a US-based provider of retirement and investment solutions, and as CEO of TIAA Financial Solutions. Prior to joining TIAA in 2018, she held several senior positions at Prudential Financial, including Group Head of Individual Solutions, President of Individual Annuities, and CEO of Group Insurance businesses. In addition to her executive roles, Ms. Fouché currently serves on the Board of The Kraft Heinz Company, a global food and beverage company, and Hippo Holdings, a property insurance provider and she is member of the Princeton University Board of Trustees.

    Jay Ralph has had a distinguished career in insurance and asset management including almost 20 years in leadership roles at Allianz SE, a global insurance and asset management company. Mr. Ralph was most recently a member of the Board of Management of Allianz SE and Chairman of both Allianz Asset Management and Allianz Life Insurance Company North America. He has also served on various boards of Allianz SE’s global subsidiaries across Europe and the Americas. Prior to this, he held several senior roles in the financial industry. Mr. Ralph currently sits on the Board of Swiss Re Group and the Siemens Pension Advisory Board. 

    The appointments are subject to shareholder approval and will be included in the agenda of the 2025 AGM, which will be published in May. Once elected by Aegon’s AGM, the appointments will be effective as of the end of that meeting. 

    Contacts

    About Aegon

    Aegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegon’s portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint-ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company.

    Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion & diversity. Aegon is headquartered in The Hague, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com.

    Forward-looking statements
    The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, goals, efforts and expectations and other events or circumstances that are partially dependent on future events are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any duty, to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially and adversely from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following:

    • Unexpected delays, difficulties, and expenses in executing against Aegon’s environmental, climate, diversity and inclusion or other “ESG” targets, goals and commitments, and changes in laws or regulations affecting us, such as changes in data privacy, environmental, health and safety laws;
    • Changes in general economic and/or governmental conditions, particularly in Bermuda, the United States, the Netherlands and the United Kingdom;
    • Civil unrest, (geo-) political tensions, military action or other instability in a country or geographic region;
    • Changes in the performance of financial markets, including emerging markets, such as with regard to:         
      • The frequency and severity of defaults by issuers in Aegon’s fixed income investment portfolios;
      • The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in the value of equity and debt securities Aegon holds;
      • The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds;
      • The impact from volatility in credit, equity, and interest rates;
    • Changes in the performance of Aegon’s investment portfolio and decline in ratings of Aegon’s counterparties;
    • Lowering of one or more of Aegon’s debt ratings issued by recognized rating organizations and the adverse impact such action may have on Aegon’s ability to raise capital and on its liquidity and financial condition;
    • Lowering of one or more of insurer financial strength ratings of Aegon’s insurance subsidiaries and the adverse impact such action may have on the written premium, policy retention, profitability and liquidity of its insurance subsidiaries;
    • The effect of applicable Bermuda solvency requirements, the European Union’s Solvency II requirements, and applicable equivalent solvency requirements and other regulations in other jurisdictions affecting the capital Aegon is required to maintain;
    • Changes in the European Commissions’ or European regulator’s position on the equivalence of the supervisory regime for insurance and reinsurance undertakings in force in Bermuda;
    • Changes affecting interest rate levels and low or rapidly changing interest rate levels;
    • Changes affecting currency exchange rates, in particular the EUR/USD and EUR/GBP exchange rates;
    • Changes affecting inflation levels, particularly in the United States, the Netherlands and the United Kingdom;
    • Changes in the availability of, and costs associated with, liquidity sources such as bank and capital markets funding, as well as conditions in the credit markets in general such as changes in borrower and counterparty creditworthiness;
    • Increasing levels of competition, particularly in the United States, the Netherlands, the United Kingdom and emerging markets;
    • Catastrophic events, either manmade or by nature, including by way of example acts of God, acts of terrorism, acts of war and pandemics, could result in material losses and significantly interrupt Aegon’s business;
    • The frequency and severity of insured loss events;
    • Changes affecting longevity, mortality, morbidity, persistence and other factors that may impact the profitability of Aegon’s insurance products and management of derivatives;
    • Aegon’s projected results are highly sensitive to complex mathematical models of financial markets, mortality, longevity, and other dynamic systems subject to shocks and unpredictable volatility. Should assumptions to these models later prove incorrect, or should errors in those models escape the controls in place to detect them, future performance will vary from projected results;
    • Reinsurers to whom Aegon has ceded significant underwriting risks may fail to meet their obligations;
    • Changes in customer behavior and public opinion in general related to, among other things, the type of products Aegon sells, including legal, regulatory or commercial necessity to meet changing customer expectations;
    • Customer responsiveness to both new products and distribution channels;
    • Third-party information used by us may prove to be inaccurate and change over time as methodologies and data availability and quality continue to evolve impacting our results and disclosures;
    • As Aegon’s operations support complex transactions and are highly dependent on the proper functioning of information technology, operational risks such as system disruptions or failures, security or data privacy breaches, cyberattacks, human error, failure to safeguard personally identifiable information, changes in operational practices or inadequate controls including with respect to third parties with which Aegon does business, may disrupt Aegon’s business, damage its reputation and adversely affect its results of operations, financial condition and cash flows, and Aegon may be unable to adopt to and apply new technologies;
    • The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon’s ability to complete, or obtain regulatory approval for, acquisitions and divestitures, integrate acquisitions, and realize anticipated results, and its ability to separate businesses as part of divestitures;
    • Aegon’s failure to achieve anticipated levels of earnings or operational efficiencies, as well as other management initiatives related to cost savings, Cash Capital at Holding, gross financial leverage and free cash flow;
    • Changes in the policies of central banks and/or governments;
    • Litigation or regulatory action that could require Aegon to pay significant damages or change the way Aegon does business;
    • Competitive, legal, regulatory, or tax changes that affect profitability, the distribution cost of or demand for Aegon’s products;
    • Consequences of an actual or potential break-up of the European Monetary Union in whole or in part, or further consequences of the exit of the United Kingdom from the European Union and potential consequences if other European Union countries leave the European Union;
    • Changes in laws and regulations, or the interpretation thereof by regulators and courts, including as a result of comprehensive reform or shifts away from multilateral approaches to regulation of global or national operations, particularly regarding those laws and regulations related to ESG matters, those affecting Aegon’s operations’ ability to hire and retain key personnel, taxation of Aegon companies, the products Aegon sells, the attractiveness of certain products to its consumers and Aegon’s intellectual property;
    • Regulatory changes relating to the pensions, investment, insurance industries and enforcing adjustments in the jurisdictions in which Aegon operates;
    • Standard setting initiatives of supranational standard setting bodies such as the Financial Stability Board and the International Association of Insurance Supervisors or changes to such standards that may have an impact on regional (such as EU), national or US federal or state level financial regulation or the application thereof to Aegon, including the designation of Aegon by the Financial Stability Board as a Global Systemically Important Insurer (G-SII);
    • Changes in accounting regulations and policies or a change by Aegon in applying such regulations and policies, voluntarily or otherwise, which may affect Aegon’s reported results, shareholders’ equity or regulatory capital adequacy levels;
    • Changes in ESG standards and requirements, including assumptions, methodology and materiality, or a change by Aegon in applying such standards and requirements, voluntarily or otherwise, may affect Aegon’s ability to meet evolving standards and requirements, or Aegon’s ability to meet its sustainability and ESG-related goals, or related public expectations, which may also negatively affect Aegon’s reputation or the reputation of its board of directors or its management; and
    • Other risks and uncertainties identified in the Form 20-F and in other documents filed or to be filed by Aegon with the SEC.
    • Reliance on third-party information in certain of Aegon’s disclosures, which may change over time as methodologies and data availability and quality continue to evolve. These factors, as well as any inaccuracies in third-party information used by Aegon, including in estimates or assumptions, may cause results to differ materially and adversely from statements, estimates, and beliefs made by Aegon or third-parties. Moreover, Aegon’s disclosures based on any standards may change due to revisions in framework requirements, availability of information, changes in its business or applicable governmental policies, or other factors, some of which may be beyond Aegon’s control. Additionally, Aegon’s discussion of various ESG and other sustainability issues in this document or in other locations, including on our corporate website, may be informed by the interests of various stakeholders, as well as various ESG standards, frameworks, and regulations (including for the measurement and assessment of underlying data). As such, our disclosures on such issues, including climate-related disclosures, may include information that is not necessarily “material” under US securities laws for SEC reporting purposes, even if we use words such as “material” or “materiality” in relation to those statements. ESG expectations continue to evolve, often quickly, including for matters outside of our control; our disclosures are inherently dependent on the methodology (including any related assumptions or estimates) and data used, and there can be no guarantee that such disclosures will necessarily reflect or be consistent with the preferred practices or interpretations of particular stakeholders, either currently or in future.

    This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2023 Integrated Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

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  • MIL-OSI: Large European and US organizations are prioritizing reindustrialization investments over short-term profitability

    Source: GlobeNewswire (MIL-OSI)

    Press contact: 
    Florence Lièvre  
    Tel.: +33 1 47 54 50 71  
    Email: florence.lievre@capgemini.com

    Large European and US organizations are prioritizing reindustrialization investments over short-term profitability

    • To mitigate concerns over supply chain pressures, rising tariffs and trade disputes, cumulative investments within and outside of domestic markets projected to reach $4.7 trillion over the next three years, up from $3.4 trillion in 2024
    • More than half have invested in nearshoring or reshoring their manufacturing over the past year, with 35% planning to increase investments in nearshoring in 2025 to diversify their manufacturing
    • Friendshoring, in terms of sourcing and production, is poised to become a key route forward for nearly three quarters of organizations

    Paris, March 31, 2025 – The 2025’ edition of the Capgemini Research Institute’s report, The Resurgence of manufacturing: Reindustrialization strategies in Europe and the US’, published today, shows that large organizations across the US and Europe are intensifying their focus on reindustrialization to mitigate concerns over supply chain pressures, rising tariffs and trade disputes. The reconfiguration of global supply chains and manufacturing capacity, including ‘reshoring’ and ‘nearshoring1production, as well as diversification, is being strategically prioritized over short-term profitability. Nearly 60% of executives are determined to continue their efforts despite higher costs and most organizations (65%) are reducing reliance on Chinese products. Instead, they are planning to invest in ‘friendshoring’1over the next three years to de-risk their supply chains.

    According to the survey conducted from January 1st to 20th, 2025, market tensions are driving large European and US organizations to accelerate their plans to diversify their manufacturing and supply chains: two thirds have an active or in-progress reindustrialization strategy – up from 59% in 2024.

    “After decades of globalization, the imperative to reindustrialize is clear. Organizations are intensifying their efforts to de-risk and diversify their manufacturing and supply chains through friendshoring to reinforce proximity to markets,” said Aiman Ezzat, Chief Executive Officer at Capgemini. “Complexities and costs involved in re-orchestrating supply chains are not being underestimated. Business leaders are investing to navigate the unpredictable macro-environment and drive long-term competitiveness, taking advantage of advanced technologies. In an evolving global landscape, regional collaboration with suppliers, technology providers and policymakers will be key to build a resilient and adaptable manufacturing ecosystem.”

    Rising tariffs and strain on supply chains drive reindustrialization
    Supply chain resilience, geopolitical concerns, and a desire to be closer to customers emerge as the top drivers of reindustrialization. Supply chain pressure is cited by an overwhelming majority (95%) of executives, a significant increase from 69% in 2024. The desire to be closer to customers is cited for the first time, arriving in second position (92%).

    Rising tariffs are further exacerbating supply chain challenges, with 93% of executives expressing concerns about their impact. Reindustrialization is increasingly viewed as a strategic response to the geopolitical environment – notably for battery/energy storage manufacturing, automotive and telecom – with more than half of executives across regions stating that tariffs are accelerating their reshoring and reindustrialization efforts.

    Executives acknowledge the complexity and cost of reindustrialization. More than six in ten (62%) expect rising capital costs in the next three years but half foresee reduced logistics and supply chain costs within the same period thanks to greater proximity to customers. In addition, nearly two-thirds still view the domestic skills gap as a major challenge, showing no improvement from 2024.

    Nearshore and friendshore manufacturing to surge in the next three years
    Over the past year, business leaders across sectors say that they have intensified their strategy to relocate their production and supply chain with more than half (56%) having invested in either nearshoring or combined reshoring and nearshoring of their manufacturing, up from 42% in 2024. This trend is predicted to continue. In the next three years, onshore and nearshore operations are expected to rise to account for 48% (up 7 percentage points) and 24% (up 2 percentage points) respectively, of total manufacturing capacity.

    According to the report, ‘friendshoring’ is poised to become a key route forward for most organizations (73%) in terms of sourcing and production. It is expected to account for 41% of total manufacturing capacity in the next three years, up from 37% in 2024. More than eight in ten (82%) executives indicate that they plan to reduce supply chain reliance on China, a significant increase from 58% in 2024. Organizations surveyed have instead targeted reindustrialization destinations in North America, UK, Mexico, Vietnam, India and North Africa.

    Advanced technologies to accelerate reindustrialization while driving innovation and reducing costs
    Most organizations (62%) are focusing on upgrading manufacturing facilities to make them smart and tech enabled. Over half of them have realized more than 20% cost savings through digital technologies in their reindustrialization efforts and a large majority (84%) plan to invest in advanced manufacturing technologies to further reduce costs.

    More than 6 in 10 organizations are looking at critical technologies like data and analytics and AI/Machine Learning to support reindustrialization in the next three years. Organizations are also considering emerging technologies such as Gen AI and 5G & Edge computing; blockchain and digital twins; and quantum technologies.

    In addition, nearly three quarters (73%) of organizations foresee that reindustrialization will help catalyze a shift toward sustainable and eco-friendly manufacturing practices, a significant increase from 56% in 2024.

    To read the full report: LINK

    Report Methodology
    During January 1-20, 2025, the Capgemini Research Institute surveyed 1,401 executives employed at organizations with more than $1 billion in annual revenue, across the US, the UK, and continental Europe (France, Germany, Italy, the Netherlands, the Nordics, and Spain). Organizations surveyed operate across 13 key industrial and manufacturing industries. Executives surveyed were at director level and work across diverse business, technology, and manufacturing-related functions. The Capgemini Research Institute also interviewed supply chain and manufacturing executives and experts at large organizations globally.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.

    Get The Future You Want | www.capgemini.com

    About the Capgemini Research Institute
    The Capgemini Research Institute is Capgemini’s in-house think-tank on all things digital. The Institute publishes research on the impact of digital technologies on large traditional businesses. The team draws on the worldwide network of Capgemini experts and works closely with academic and technology partners. The Institute has dedicated research centers in India, Singapore, the United Kingdom and the United States. It was ranked #1 in the world for the quality of its research by independent analysts for six consecutive times – an industry first.

    Visit us at https://www.capgemini.com/researchinstitute/


    1 In this research, reshoring is defined as bringing manufacturing/production back to the domestic market/country of headquarters. Nearshoring is defined as moving manufacturing/production to a nearby or neighboring country. Friendshoring is a growing trade practice where supply chain networks are focused on countries regarded as political and economic allies, to further reduce risk exposure.

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  • MIL-OSI: International Petroleum Corp. Annual General Meeting to be held on May 7, 2025

    Source: GlobeNewswire (MIL-OSI)

    International Petroleum Corporation (“IPC” or the “Corporation”) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that the Annual General Meeting (the “Meeting”) of holders of common shares (“Shareholders”) will be held at the offices of Blake, Cassels and Graydon LLP, Suite 3500, 855 – 2nd Street S.W., Calgary, Alberta, Canada T2P 4J8 on Wednesday, May 7, 2025 at 8:00 a.m. (Mountain time), for the following purposes:

    1. To receive the audited consolidated financial statements of the Corporation for the financial year ended December 31, 2024 and accompanying report of the auditor;
    2. To set the number of directors of the Corporation at eight;
    3. To elect the eight nominees of the Corporation standing for election as directors of the Corporation to hold office until the next annual meeting of Shareholders or until his or her successor is duly elected or appointed;
    4. To appoint PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the auditor of the Corporation, to hold office until the next annual meeting of Shareholders and to authorize the directors to fix the auditor’s remuneration; and
    5. To transact such other business as may properly come before the Meeting or any adjournment(s) or postponement(s) of the Meeting.

    The record date for the Meeting is March 18, 2025. The Notice of Meeting, the Management Information Circular dated March 24, 2025 (the “Information Circular”) and related Meeting materials, and the Corporation’s Annual Information Form for the year ended December 31, 2024, will be available under the Corporation’s profile on SEDAR+ at www.sedarplus.ca and on the Corporation’s website at www.international-petroleum.com.

    The Corporation is not aware of any items of business to be brought before the Meeting other than those described in the Information Circular and there will be no management presentation on the business and operations of the Corporation at the Meeting.

    Advice to Holders of Euroclear Sweden Registered Common Shares

    Shareholders who hold their common shares (“Euroclear Registered Common Shares”) through Euroclear Sweden AB, which common shares trade on the Nasdaq Stockholm, are not registered holders of common shares for the purposes of voting at the Meeting. Instead, Euroclear Registered Common Shares are registered under CDS & Co., the registration name of the Canadian Depositary for Securities. Holders of Euroclear Registered Common Shares will receive a voting instruction form (the “VIF”) by mail directly from Computershare AB (“Computershare Sweden”). Additional copies of the VIF, together with the Information Circular, can also be obtained from Computershare Sweden and are available on the Corporation’s website at www.international-petroleum.com. The VIF cannot be used to vote common shares directly at the Meeting. Instead, the VIF must be completed and returned to Computershare Sweden, strictly in accordance with the instructions and deadlines as further described in the instructions provided with the VIF.

    International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm under the symbol “IPCO”.

    For further information, please contact:

    Rebecca Gordon
    SVP Corporate Planning and Investor Relations
    rebecca.gordon@international-petroleum.com
    Tel: +41 22 595 10 50

    Or

    Robert Eriksson
    Media Manager
    reriksson@rive6.ch
    Tel: +46 701 11 26 15

    The information was submitted for publication, through the contact persons set out above, at 09:00 CEST on March 31, 2025.

    Forward-Looking Statements
    This press release contains statements and information which constitute “forward-looking statements” or “forward-looking information” (within the meaning of applicable securities legislation). Such statements and information (together, “forward-looking statements”) relate to future events, including the Corporation’s future performance, business prospects or opportunities. Actual results may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking statements speak only as of the date of this press release, unless otherwise indicated. IPC does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

    All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, forecasts, guidance, budgets, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “forecast”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “budget” and similar expressions) are not statements of historical fact and may be “forward-looking statements”.

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  • MIL-OSI Economics: Samsung Expands Its Smart Laundry Offerings With Bespoke AI Laundry Vented Combo

    Source: Samsung

    ▲ Bespoke AI Laundry Vented Combo_Dark Steel
     
    Samsung Electronics today announced the addition of the Bespoke AI Laundry Vented Combo1 — an All-in-One Washer and Electric Dryer with a 7-inch AI Home touchscreen – to its lineup of Bespoke AI Laundry appliances. The combined unit eliminates the need to transfer laundry between washing and drying, while also bringing fast drying performance and intelligent functionality that makes laundry remarkably convenient.
     
    Samsung has continued to innovate in the laundry room to offer consumers a wide array of washer and dryer models for spaces of all sizes and layouts. The Bespoke AI Laundry Ventless Combo was a standout in 2024, as it raised the bar for all-in-one washer-dryers by eliminating the common performance sacrifices associated with the format. The new Bespoke AI Laundry Vented Combo builds on its innovation and success, giving consumers another stylish and convenient space-saving option.
     
    “At Samsung, our mission is to create smart home solutions that make life easier, more efficient and more sustainable, elevating home space to the next level in both performance and style,” said Jeong Seung Moon, EVP and Head of R&D Team for Digital Appliances Business at Samsung Electronics. “The Bespoke AI Laundry Vented Combo brings exceptional time-saving efficiency to the laundry room in a compact all-in-one solution.”
     
     
    Convenient, Time Saving Functionality
    ▲ Bespoke AI Laundry Vented Combo_SuperSpeed
     
    The Bespoke AI Laundry Vented Combo is a powerful model that washes and dries clothes completely in a single machine in just 68 minutes2 when using the Super Speed cycle. Its roomy 5.3 cu. ft. Ultra Capacity drum lets users do more laundry in a single load, and its vented design uses the internal heater and fan to move hot air through clothes and vent out moisture, ensuring clothes are always dried quickly and thoroughly. For even more convenience, the Vented Combo can simply swap out the currently installed washer and electric vented dryer.
     
    And with Samsung’s AI Bubble technology, users can enjoy clean clothes, cycle after cycle. Water, air and detergent combine to create a cleansing foam that seeps into fabrics for an effective wash. To tackle tough stains without spending time pretreating them, the Steam Wash cycle comes into action. The drum releases steam to thoroughly saturate every item in the load and ensure an effective deep clean.
     
     
    Effortless Operation
    ▲ Bespoke AI Laundry Vented Combo_Lifestyle
     
    Like the other products in Samsung’s Bespoke AI Laundry lineup, the Vented Combo automates the process of washing and drying clothes, streamlining laundry routine and making it faster, easier experiences. Its intuitive 7-inch AI Home display is simple to use and gives a quick access to the Combo’s settings for effortless operation. And for those busy moments when the user is multi-tasking or has their hands full, convenient Voice Control capabilities let them give commands to turn the Combo on or off, access settings and more.3
     

    Samsung’s AI Opti Wash & Dry technology uses powerful AI sensors to detect soil levels and fabrics, automatically adjusting settings as needed during the cycle to deliver a better wash and dry.4 For added convenience, the Flex Auto Dispense System automatically dispenses up to 47 loads5 of detergent — or users can choose to split the compartment, so it dispenses up to 34 loads of fabric softener and 25 loads of detergent. And when the clothes are finished drying, the Auto Open Door pops open, allowing leftover moisture to evaporate, preventing unpleasant, musty odor so clothes are fresh and dry when taken out.

     
    And with built-in Wi-Fi connectivity, users can also get end-of-cycle alerts and remotely start, stop or delay the Combo from their mobile phone, using the SmartThings app.6
     

    Innovations To Improve Energy Efficiency
    ▲ Bespoke AI Laundry Vented Combo_Lifestyle1
     
    The Bespoke AI Laundry Vented Combo is engineered for seamless sustainable living. As an ENERGY STAR® Certified washer-dryer, it has been recognized by the U.S. Environmental Protection Agency (EPA) for delivering energy efficiency along with the latest in technological innovation.7
     
    SmartThings Energy allows them to monitor power consumption and estimate their monthly electricity bill for improved control over their energy usage.8 They can also turn on AI Energy Mode9 to have the Vented Combo automatically optimize its energy consumption and reduce usage by up to 30%.10 The Vented Combo is also equipped with Samsung’s Less Microfiber cycle setting, which allows users to gently clean synthetic textiles while reducing 39% of microfibers released into the ocean.11

     

    Availability and Pre-Orders
    Samsung’s Bespoke AI Laundry Vented Combo comes in two premium colors — Dark Steel and Brushed Black for the U.S. consumers. Only the Brushed Black is available in Canada and the Dark Steel in Mexico. For those who prefer the ventless version, the Bespoke AI Laundry Ventless Combo with Heat Pump is available in Dark Steel.
     
    The Bespoke AI Laundry Vented Combo is now available for pre-order in the U.S. and will be available in Canada and Mexico in 2Q of 2025.
     
     
    1 Among 27″ combo washer/dryers. Sold only in USA, Canada and Mexico.2 Based on using a Super Speed cycle only with a 10 lb. DOE load (cotton 50% + polyester 50%). Individual results may vary based on actual load content.3 Available on Android and iOS devices. A Wi-Fi connection and a Samsung account are required. Bixby availability may vary depending on the country. Bixby only recognizes certain accents and dialects of English (U.K.), English (U.S.), English (India), French (France), German (Germany), Italian (Italy), Korean (South Korea), Mandarin Chinese (China), Spanish (Latin America), Spanish (Spain) and Portuguese (Brazil).4 Fabric sensing operates for 8 lbs (3.6kg) and under. Based on AI algorithm using IEC 8 lbs (3.6kg) load. To prevent wear, wash like fabrics together. Results may vary.5 Expected number of loads: Detergent compartment can hold general detergent for up to 25 loads. Flex compartment can hold one of the following: softener for up to 34 loads, general detergent for up to 22 loads or specialty detergent for up to 29 loads. Actual results may vary depending on individual use.6 Available on Android and iOS devices. A Wi-Fi connection and a Samsung account are required.7 Visit www.energystar.gov for more information on ENERGY STAR® guidelines.8 Available on Android and iOS devices. A Wi-Fi connection and a Samsung account are required.9 Can be applied on Towels, AI Opti Wash & Dry , Heavy Duty, Super Speed, Small Load cycle only when the selected washing temperature is ‘hot.’ Applicable to wash only.10 Based on internal testing with IEC 8lbs. (3.6kg) load except for Small Load cycle [IEC 4lbs. (1.8kg) load]. Results may vary depending on the actual usage conditions.11 Based on testing by the Ocean Wise Plastics Lab using a 2kg load of 100% polyester hoodies, comparing the Synthetics cycle on a Samsung conventional model 27″ washing machine with US design and the Less Microfiber cycle. Results may vary depending on the actual clothes and usage conditions. Applicable to wash only.

    MIL OSI Economics

  • MIL-OSI Economics: Samsung Electronics Unveils ‘AI Home’ Vision at Welcome to Bespoke AI Event

    Source: Samsung

     
    Samsung Electronics unveiled its refreshed “AI Home” vision and innovative appliance lineup at its global launch event, Welcome to Bespoke AI, in Seoul, Korea. With a focus on providing a more secure and intuitive user experience, the company introduced an AI Home experience, showcasing advanced AI features and a wider range of screen-enabled appliances.
     
    Jeong Seung Moon, EVP and Head of the R&D Team for Digital Appliances Business at Samsung Electronics, opened the global press conference by introducing the company’s vision for creating an AI Home that harmoniously connects various devices and, as a result, caters to user needs in every room of the home.
     
    “Through our Bespoke AI appliances, Samsung has brought an AI Home to life that not only enhances everyday convenience but also enables energy savings and care,” said Jeong Seung Moon. “We will continue to expand the advanced AI Home to more households, leveraging smart screens, Bixby and Knox security.”
     

    The 2025 Bespoke AI Appliance Lineup
    ▲ Samsung unveiled the new Bespoke AI appliances for 2025.
     
    During the event, Samsung introduced its Bespoke AI appliances for 2025, which bring new and innovative functionalities to solve users’ difficult problems.
     
    At the heart of the company’s vision is the AI Home display.1 Built upon the innovation of the first introduction of the AI Home display last year, the AI Home with new size options has been expanded to a broad range of new products, such as Bespoke AI Refrigerators, the Bespoke AI Laundry Vented Combo, Washers and Dryers.2

     
    The 9-inch AI Home screen on the Bespoke AI Refrigerator lineup increases consumers’ options by offering a similar experience to what’s available on the larger AI Family Hub screen. With the upgraded AI Vision Inside,3 food management has been enhanced with new features such as automatic recognition of processed food items,4 for models with the AI Family Hub and those with the AI Home. Through the 7-inch AI Home in the Bespoke AI Laundry, users can intuitively control the washing and drying cycles, as well as monitor and control other connected devices.5
     

    Moreover, the new Bespoke AI appliances bring enhanced features that adapt to consumer needs. For example, the Bespoke AI Hybrid Refrigerator utilizes AI to efficiently cool the inside of the fridge, detecting its current status and predicting internal temperature changes to effectively adapt cooling.
     
    The Bespoke AI Laundry includes new functions to enhance consumer convenience, with new standalone models that have upgraded AI Wash and AI Dry to AI Wash+ and AI Dry+,6 as well as models to be launched in Europe, using up to 55% less energy than class A minimum requirements for the washer.7 Also, Samsung unveiled the new Bespoke AI Laundry Vented Combo, which is the first ever vented combo in its class.8 It significantly reduces drying time, finishing both washing and drying in 68 minutes with its Super Speed cycle.

     
    Samsung is continuing to innovate its vacuum cleaner lineup, as well. The cordless stick vacuum cleaner, the Bespoke AI Jet Ultra, will be launched with the world’s most powerful9 suction power of up to 400W.10 The upgraded AI Cleaning Mode 2.011 classifies more diverse environments12 like corners13 and the type of carpets14 for improved cleaning performance.

     
    Samsung also revealed the Bespoke AI Jet Bot Steam Ultra.15 Not only is the robot vacuum cleaner designed to climb thresholds, but it is also enhanced with AI Object Recognition for complex environments,16 which can recognize obstacles as small as 1cm, and even transparent liquids17 for better cleaning results. And when it encounters corners or walls, the brush pops out, allowing it to clean areas that can be difficult for typical robot vacuum cleaners to deal with.

     
     
    Samsung Home Appliances Bring Easy To Use, Care and Saving to Consumers
    Samsung elaborated further on its “AI Home” vision and its commitment to integrating AI across the connected experience to cater to diverse lifestyles — through the core benefits of Easy to Use, Care and Saving.
     
    Thanks to the adoption of the AI Home display, users will find it easier than ever to engage with the full functionality of their Bespoke AI appliances. The smart screen is now an even better central control hub, even connecting third party devices through SmartThings without the need for a separate hub device.18 Users can also utilize features like the refrigerators’ Daily Board to receive personalized information and better manage their day — or use Map View to effortlessly monitor and control other connected devices.

     
    The upgraded Bixby allows for easier control of appliances through voice commands and enhances usability through new features like Voice ID.19 It personalizes services by recognizing the user’s voice, automatically switching to the Samsung account of the speaker and showing their calendar on the screen. And if that person also uses the low vision option on their Galaxy smartphone, it will be automatically synced to the screen for a better viewing experience.
     
    New SmartThings services were also introduced during the event, including Family Care,20 which sends an alert to other family members if a user’s movement is not detected at the set time — or if there is no activity for a certain amount of time after the last activity. It is also possible to use the robot vacuum cleaner to look for signs of an emergency, with all of this functionality being tightly secured by Samsung Knox.
     
     
    Continued Efforts To Deliver Reliable Experiences
    To complete its “AI Home” vision for 2025, Samsung shone a light on how it is pushing the boundaries of innovation, prioritizing a trusted experience for users.
     
    First, Samsung will apply enhanced Knox security to devices across the lineup so that users will be able to enjoy their AI Home experience with peace of mind. This year in particular, Trust Chain, which is part of Knox Matrix, is applied to all Wi-Fi enabled appliances launching in 2025. Users can continuously monitor products’ security status in real time through the dashboard.21
     
    Knox Vault is also applied to home appliances for the first time,22 storing particularly sensitive user information, such as passwords and authentication information, in a separate hardware chip to ensure protection. Furthermore, to protect against the potential of future quantum attacks, Samsung’s security is also equipped with post-quantum cryptography (PQC), a part of Knox Matrix Credential Sync, for its screen-applied products.23

     
    Another key priority for Samsung is making sure that customers can use the latest software features on their existing appliances without buying new ones. With Smart Forward,24 the software update service through SmartThings, Samsung continuously updates its appliances with new features to enhance the consumer experience.
     
    Samsung is also actively improving product maintenance. SmartThings Home Care utilizes AI to diagnose each appliance’s status, and if signs of malfunction are detected, it sends a notification in advance. In addition, a technical support representative can provide guidance on remote measures based on pre-diagnosis results.25 This support feature has already expanded to more countries, including France, Netherlands and Canada, following Korea and the United States.
     
    By integrating all of these wide-ranging initiatives, Samsung aims to create safer and more reliable smart home experiences that users can enjoy with comfort and peace of mind.
     
    ▲ Samsung DA held a global event to unveil its vision and new products.
     
     
    1 AI Home display refers to the 7″ or 9″ LCD screen on the product. Does not mean all services available on the AI Home are AI or generate information or outcome using AI. Certain functions accessible through the AI Home utilize AI-based algorithms, which can be updated periodically to improve accuracy. AI-based algorithms may generate incomplete or incorrect information.2 AI Home is available on select models, and its availability may vary by region.3 Available on select T-Type and French Door refrigerator models. As of April 2025, AI Vision Inside can recognize 37 food items like fresh fruits and veggies. If the food is not recognizable, it may be listed as an unknown item. AI Vision Inside cannot identify or list any food items in the fridge door bins or freezer. It recognizes food items based on deep learning models, which may be updated periodically to improve accuracy.4 AI Vision Inside will recognize and recommend that users save processed food items that have been placed inside multiple times, allowing up to 50 items to be saved with the designated name. Processed foods are limited to those that keep a certain packaged form. AI Home recommends saving the item after it has been input more than 4 times during 30 days.5 A Wi-Fi connection and a Samsung account are required. Third-party devices must be SmartThings compatible.6 Based on an advanced AI-created algorithm. It may not detect certain fabrics or accurately identify them when a load includes a mixture of different fabric types. To prevent wear, wash like fabrics together. For US, the names of features are applied differently; AI OptiWash and AI OptiDry to AI OptiWash+ and AI OptiDry+.7 Based on Samsung internal testing. The energy consumption of this 9KG model is EEI 21.8, which is 55% more energy efficient compared to the minimum threshold of energy efficiency class A (EEI 52 for 9KG models). Energy ratings tested with Eco 40-60 program, 55% savings tested with Eco 40-60 program.8 Among 27” vented washer/dryers. Sold only in the U.S., Canada and Mexico.9 Based on testing by SLG Prüf- und Zertifizierungs GmbH, in accordance with the IEC 62885-4 Cl.5.8 standard, using a handheld type vacuum cleaner (with no brush) in Jet mode. The results were compared to cordless stick vacuum models available on the market with a stated suction power within 30% of the actual suction power of the Samsung model tested by SLG. Based on sales data between January 2024 and December 2024 as compiled by an independent market research institute.10 Based on testing by SLG Prüf- und Zertifizierungs GmbH, in accordance with the IEC 62885-4 Cl.5.8 standard. Measured at the inlet of the non-motorized tool when the dustbin is empty, using Jet Mode and a large capacity battery that is fully charged. Lasts up to 1 min.11 The updated functions of AI Cleaning Mode 2.0 can be activated after registering the stick vacuum cleaner on the SmartThings App. The operation of AI Cleaning mode 2.0 may be limited in certain environments, such as when the All-in-one Clean Station is unplugged or Wi-Fi connection is unstable or the Bluetooth connection status between the stick vacuum cleaner and the All-in-one Clean Station is unstable. If AI Cleaning mode 2.0 does not work frequently, please move the All-in-one Clean Station to a space without obstacles nearby. To enable continuous function updates, keep Wi-Fi on in the house on at all times.12 The ability to identify different cleaning environments and the time it takes to change the settings can be affected by environmental conditions.13 When used with Slim LED Brush+. Corner and floor-wall joint detection only operates in hard floor environments. “Corner” refers to the area where two flat and closed walls meet. The suction power increases about 2-3.5 seconds after the brush is pressed against the wall. If the brush contacts only one side of the corner or if there is a gap in the corner, it may not be recognized as a corner, and the recognition accuracy and reaction speed may vary depending on the wall shape and actual usage environment.14 When used with Active Dual Brush.15 Product features are still in development and may change. It does not guarantee final specifications.16 Based on our deep learning model trained using a predefined set of data and may yield incomplete or incorrect information. New datasets may be introduced to our learning model from time to time to enhance its accuracy.17 A liquid spill is defined as having a size of 7cm x 7cm or larger. Identification may be affected by the size of the stain or the environmental conditions of the floor, such as the floor pattern.18 Available in the refrigerators’ 32” AI Family Hub and/or 9” AI Home. A Wi-Fi connection and a Samsung account are required. All products must be connected to SmartThings. Only 3rd party devices that are compatible with SmartThings can be registered.19 Bixby availability may vary depending on the country. Bixby only recognizes certain accents and dialects of English (U.K.), English (U.S.), English (India), French (France), German (Germany), Italian (Italy), Korean (South Korea), Mandarin Chinese (China), Spanish (Latin America), Spanish (Spain) and Portuguese (Brazil). Voice ID will be available starting May of 2025 through Smart Forward update. Launch date may differ according to region and country. Bixby activated Samsung Account is required. Up to six accounts can be registered per device. To increase the accuracy of identifying each voice, it is recommended for you to register your voice in quiet surroundings. Voice ID is done based on the tone of voice used during registration process. Any change or modification to your voice may lead to misidentification.20 Appliance must support Wi-Fi and connect to SmartThings to activate service. Users can activate the service on the SmartThings.21 Trust Chain Dashboard is applied to appliances with 7-inch or 9-inch AI Home, and AI Family Hub screen launching in 2025.22 Knox Vault is applied to Bespoke AI Jet Bot Steam Ultra and appliances with 7-inch or 9-inch AI Home, and AI Family Hub screen launching in 2025, except Bespoke AI Oven.23 PQC is applied to appliances with 7-inch or 9-inch AI Home, and AI Family Hub screen launching in 2025, except Bespoke AI Oven.24 Smart Forward updates are available for software only, and for models released after 2017 that are equipped with standardized OCF protocol. Adequate hardware specifications may be required for certain updates. Available on Android and iOS devices. A Wi-Fi connection and a Samsung account are required.25 Applicable to appliances launched after 2018 and is supported on models with standardized OCF protocol released from 2018 onward. Supported features may vary according to region and country. Appliance must support Wi-Fi and connect to SmartThings to activate service.

    MIL OSI Economics

  • MIL-Evening Report: Hosting the UN climate summit is far from ‘madness’ – here’s how Australia stands to benefit

    Source: The Conversation (Au and NZ) – By Wesley Morgan, Research Associate, Institute for Climate Risk and Response, UNSW Sydney

    Opposition Leader Peter Dutton would withdraw Australia’s bid to co-host next year’s global climate summit if the Coalition wins the federal election.

    Australia has lobbied hard for the right to host the talks, known as COP31, in conjunction with Pacific nations. Australia has emerged as a leading contender, and has the backing of most countries in its United Nations grouping, including the United Kingdom, France, Germany, Canada and New Zealand.

    However, Dutton on Sunday described the idea of hosting the UN climate conference as “not something we are supporting — it is madness”. He also falsely claimed it would cost Australia “tens of billions” of dollars to host the event.

    Australia would reap big benefits by hosting the high-profile global talks. It would likely attract considerable investment in renewables and clean energy export industries, and strengthen Australia’s national security during a time of increasing geo-strategic competition in the Pacific. To pull out now would be a costly move.

    Decison deferred until June

    The decision on who will host COP31 in 2026 was expected at last year’s summit in Azerbaijan. But it was deferred until June this year – after Australia’s next federal election.

    Hosting rights are shared between five UN country groupings on a rotational basis. The final decision is made by consensus.

    Australia’s bid to host with Pacific nations has considerable support. But Turkey, the only other country in the running to host COP31, has so far resisted lobbying efforts to persuade it to drop out.

    An economic boost for Australia

    Hosting the UN climate talks is a massive economic opportunity for Australia.

    COP31 would be one of the biggest diplomatic summits Australia has ever hosted. Tens of thousands of people could be expected for a fortnight of negotiations, with satellite events held across the nation and the Pacific.

    Adelaide is in the box seat to play host. The South Australian government estimated hosting the UN talks could generate more than A$500 million for the state. But economic benefits would be much wider, and longer-lasting, than tourism receipts from those attending. The talks are a chance to attract investment for Australia’s energy transition and for clean energy industries of the future, including critical minerals and green iron.

    The UK government’s assessment of the value of hosting the UN climate summit in Glasgow in 2021 found the net economic benefit was double that spent – around A$1 billion. That includes benefits from trade deals and foreign investment. With abundant critical minerals, and excellent wind and solar resources, Australia has even more to gain.

    Hosting the world’s largest climate summit is a chance to attract the investment needed to replace ageing and unreliable coal-fired power stations. According to the Clean Energy Investor Group, which represents the capital behind large-scale renewables, more than 70% of the investment in clean energy comes from international sources.

    Dutton says he plans to replace coal with nuclear power (and to rely on gas until nuclear plants are built decades from now). The Coalition’s nuclear plan would require hundreds of billions of dollars of taxpayer support.

    Securing our place in the Pacific

    Working with Pacific nations to address climate change is key to Australian national security.

    Australia aims to be the security partner of choice for Pacific island countries. And Pacific island countries are crystal clear: climate change is their “single greatest threat”.

    In 2022, Solomon Islands signed a security deal with China, which raised the prospect of a potential Chinese naval base in Australia’s maritime approaches. Foreign Minister Penny Wong – who was in opposition at the time – described it as the worst foreign policy blunder in the Pacific since the end of WWII.

    The Albanese government has looked to cement Australia’s place in the Pacific by working with island nations to address climate change. In July 2022, Albanese joined Pacific leaders to declare a Pacific climate emergency and launched bid to co-host a UN climate summit with Pacific nations. In 2023, Australia signed a climate migration deal with Tuvalu that also prevents Tuvalu from pursuing a security deal with China.

    Pacific leaders have welcomed Australia’s plans to host the UN climate talks and have agreed to work together to advocate for the joint bid. Walking away now could do real damage to Australian strategy in the region.

    Embracing our clean energy future

    Hosting COP31 is a chance to set up Australia’s economy of tomorrow, signalling the shift from fossil fuel heavyweight to clean energy superpower.

    Australia is leading the clean energy transition. This is a story to tell the world. One in three households have rooftop solar. Already 40% of the main national power grid is powered by wind, solar and storage. We are on track for 80% renewables by 2030.

    South Australia is moving even faster, set for 100% clean electricity by 2027. Hosting COP31 in the state is also a chance to showcase clean energy export industries, especially plans to produce green iron and green steel at the Whyalla steelworks.

    Australia is the world’s largest exporter of raw iron ore, but is well positioned to export more-valuable, and lower-polluting, green iron to major economies in our region. The potential export value of green iron is estimated to be $295 billion a year, or three times the current value of iron ore exports.

    More broadly, our clean energy exports – including green metals, green fertilisers and green fuels – could be worth six to eight times more than our fossil fuel exports.

    Walking away from the chance to host the world and showcase our clean energy future would be costly indeed.

    Wesley Morgan is a fellow with the Climate Council of Australia

    ref. Hosting the UN climate summit is far from ‘madness’ – here’s how Australia stands to benefit – https://theconversation.com/hosting-the-un-climate-summit-is-far-from-madness-heres-how-australia-stands-to-benefit-253423

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