Category: France

  • MIL-OSI United Nations: Public Information Intern

    Source: UNISDR Disaster Risk Reduction

    Apply here

    Work Location

    Bonn or remote

    Expected duration

    6 months

    Duties and Responsibilities

    Created in December 1999, the United Nations Office for Disaster Risk Reduction (UNDRR) is the designated focal point in the United Nations system for the coordination of efforts to reduce disasters and to ensure synergies among the disaster reduction activities of the United Nations and regional organizations and activities in both developed and less developed countries. Led by the United Nations Special Representative of the Secretary-General for Disaster Risk Reduction (SRSG), UNDRR has over 150 staff located in its headquarters in Geneva, Switzerland, and in regional offices. Specifically, UNDRR guides, monitors, analyses and reports on progress in the implementation of the Sendai Framework for Disaster Risk Reduction 2015-2030, supports regional and national implementation of the Framework and catalyses action and increases global awareness to reduce disaster risk working with U.N. Member States and a broad range of partners and stakeholders, including civil society, the private sector, parliamentarians and the science and technology community.

    The internship is for a maximum period of 6 months. The internship is UNPAID and full-time, in -person. The modality can be handled flexibly. Interns work five days per week under the supervision of the Website Officer in the Content and Channels team. This internship position is located in the United Nations Office for Disaster Risk Reduction (UNDRR) in Bonn, Germany. The successful candidate will join three other colleagues from the Content and Channels team on the Bonn UN Campus.

    The Intern will:

    • Perform Internet-based research to identify disaster risk reduction (DRR) content and sources for publication on PreventionWeb.net in English (other languages, if applicable) to extend PreventionWeb’s coverage of country/region, thematic and hazard sections.
    • Enter relevant DRR documents, events, jobs, news and policy into the PreventionWeb’s Drupal content management system for publication on the website (keyword selection, abstract writing in English [other languages, if applicable], and web formatting).
    • Validate and enter relevant DRR source organizations and assist in maintaining their DRR organization profiles.
    • Assist in responding to PreventionWeb user comments and requests by sending appropriate communication and assisting in user experience research activities.
    • Undertake quality control of information as necessary, including analysis of gaps and targeted research.
    • Contribute to the improvement and development of the PreventionWeb editorial guidelines.
    • Identify content for promotion on social media and share it during the dedicated weekly meetings.
    • Assist in preparing social media content by drafting texts and short video scripts and designing cards.
    • Assist in reviewing social media and web analytics to identify and optimize performance of content.
    • Perform online research on topics that may be of interest for various purposes such as social media promotion, presentations and briefs.
    • Store key pieces of information and data on Zotero.
    • Support, and participate in, other information management related tasks and projects matching academic background.

    Qualifications/special skills

    To qualify for an internship with the United Nations, applicants must meet one of the following requirements:

    • Be enrolled in or have completed the final academic year of a first university degree programme (minimum Bachelor’s level or equivalent).
    • Be enrolled in or have completed a graduate school programme (second university degree or equivalent or higher such as Master’s degree or equivalent, Ph.D. or postgraduate degree).
    • Applicants to the UN Internship Programme are not required to have professional work experience. However, a field of study that is closely related to the type of internship that you are applying for is required.
    • Be computer literate in standard software applications.
    • Have strong internet research skills.
    • Knowledge of basic HTML and photo, audio or video editing a plus.
    • Interest in disaster risk reduction issues.
    • Have a demonstrated keen interest in the work of the United Nations and have a personal commitment to the ideals of the Charter.
    • Have a demonstrated ability to successfully interact with individuals of different cultural backgrounds and beliefs, which include willingness to try and understand and be tolerant of differing opinions and views.
    • Applicants must be a student in the final year of the first university degree (bachelor or equivalent), Master’s or Ph.D. Programme or equivalent, or have completed a Bachelor’s, Master’s or PH.D. Programme.

    Do you meet any of the above criteria? If yes, please indicate which one and attach proof to the application. Please note that you will have to provide an official certificate at a later stage.

    Languages

    English and French are the working languages of the United Nations Secretariat. Fluency in spoken and writtten English is required for this internship. Knowledge of French or Spanish is an advantage.

    Additional Information

    Due to the high volume of applications received, only successful candidates will be contacted

    Intern Specific text

    Interns are not financially remunerated by the United Nations. Costs and arrangements for travel, visas, accommodation and living expenses are the responsibility of interns or their sponsoring institutions. Interns who are not citizens or permanent residents of the country where the internship is undertaken, may be required to obtain the appropriate visa and work/employment authorization. Successful candidates should discuss their specific visa requirements before accepting the internship offer.

    No Fee

    THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.

    Apply here

    MIL OSI United Nations News

  • MIL-OSI Economics: Thales reorganises its support capabilities to enhance mission readiness of the French Army in high-intensity conflicts

    Source: Thales Group

    Headline: Thales reorganises its support capabilities to enhance mission readiness of the French Army in high-intensity conflicts

    • The French defence ministry’s integrated structure for through-life support of land forces equipment (SIMMT1) has awarded Thales the ABSOLU2 operational support and logistics contract.
    • In terms of its scale and format, the ten-year contract is the first of its kind for the French armed forces and will ultimately consolidate some 30 separate support contracts for land-based equipment in service with the French Army, Navy and Air & Space Force.
    • This flagship agreement addresses the need to prepare the forces for high-intensity conflicts, while helping to promote sustainable resource management.

    ABSOLU will consolidate some 30 separate maintenance contracts into a single agreement to simplify contract management and significantly improve operational performance. Its shared project management model will shorten repair turnaround times to increase equipment availability, as well as expanding the re-use of components and raw materials to support the development of a circular economy.

    Under the terms of this single framework contract for maintenance services, Thales also undertakes to double its equipment handling capacity in the event of a high-intensity conflict. Until now, SIMMT has awarded a separate maintenance contract for each platform.

    The pioneering new format will revolutionise the strategic partnership between Thales and the French forces and deliver significant efficiency gains for the end customer. To guarantee this level of service, the Group has put new processes in place and developed a comprehensive roadmap for the ramp-up of its support delivery capacity:

    • creation of a joint management platform for shorter decision and repair cycles
    • inventory consolidation and constitution of reserve stocks in two distinct locations
    • use of data science for continuous monitoring of support delivery performance, predictive material and resource planning, and proactive decision-making in coordination with government customers.

    The shift towards a circular economy is another important aspect of the ABSOLU contract. Thales is developing new ways of re-using materials and components to extend equipment lifetimes and enhance mission readiness, especially in high-intensity conflicts where equipment takes a heavy toll. As part of this approach, critical components (circuit boards, electronic equipment) and raw materials will also be sorted and recycled to help address environmental issues and ease supply chain tensions.

    “SIMMT will leverage Thales’s expertise and agility to support deployed forces more effectively than ever before. The new contract includes an undertaking by Thales to reduce repair times by 30% and will significantly increase the operational readiness of the equipment in service with the armed forces,” said Christophe Salomon, Executive Vice-President, Secure Communications and Information Systems, Thales.

    The initial scope of the ABSOLU contract includes maintenance of PR4G fourth-generation radio sets, MELCHIOR long-range HF communication systems and ground stations developed under the ASTRIDE3 2 programme, all of which enable the French armed forces to command expeditionary forces autonomously and act as a framework nation in coalition operations. Ultimately, the contract will encompass all SIMMT maintenance programmes for Thales equipment.

    1SIMMT: Integrated structure for through-life support of land forces equipment

    2ABSOLU: End-to-end adaptation of operational support and harmonised logistics for Thales land-based systems

    3ASTRIDE: Access via satellite and radio transmissions to battlespace area network and intranet

    About Thales

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

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

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

    MIL OSI Economics

  • MIL-OSI Europe: Answer to a written question – US restrictions on AI chip exports to EU Member States – P-000495/2025(ASW)

    Source: European Parliament

    The United States (US) Interim Final Rule on a Framework on Artificial Intelligence (AI) Diffusion[1] (‘AI Diffusion measures’) restricts the export of advanced AI models and semiconductors. Exemptions to the restrictions depend on the ‘Tier’ or ‘category’ of country.[2]

    The AI Diffusion measures go against the principles of the Single Market: the free movement of goods (advanced AI semiconductors) and services (AI-enabled services).

    The Commission believes that it is also in the US’ economic and security interest that the EU buys advanced AI chips from the US without limitations. The EU cooperates closely, in particular in the field of security, and represents an economic opportunity for the US, not a security risk.

    The Commission shared its concerns about these measures in a statement issued on 13 January 2025[3] immediately after the adoption of the US AI Diffusion measures.

    The Commission is committed to the integrity of the Single Market and ensuring that trade restrictions do not undermine its functioning or the EU’s legitimate technological ambitions in the field of AI.

    The Commission works closely with the Member States to prepare a reply to the US Bureau of Industry and Security within the consultation period until 15 May 2025, and will further engage in discussions with the US administration to find an appropriate solution.

    In its engagement with the US, the Commission advocates for a non-discriminatory approach for EU Member States, which is key to safeguarding the integrity of the EU Single Market and the future of the AI ecosystem.

    At the same time, recognising the strategic importance of building AI chip capabilities in Europe, the Commission already supports initiatives in AI chip design and is committed to driving their manufacturing, as set out in the Competitiveness Compass.

    • [1] https://www.federalregister.gov/documents/2025/01/15/2025-00636/framework-for-artificial-intelligence-diffusion
    • [2]  Tier 1: Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Spain and Sweden.
      Tier 2: Austria, Bulgaria, Croatia, Cyprus, Czechia, Estonia, Greece, Hungary, Latvia, Lithuania, Luxembourg, Malta, Poland, Portugal, Romania, Slovakia, Slovenia.
    • [3] https://ec.europa.eu/commission/presscorner/detail/en/statement_25_255
    Last updated: 26 March 2025

    MIL OSI Europe News

  • MIL-OSI Europe: United Nations – Adoption of the resolution on the UN Decade of Action on Nutrition (25.03.25)

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

    France and Brazil welcome the United Nations General Assembly’s adoption, following more than 100 co-sponsorships, of a resolution extending the United Nations Decade of Action on Nutrition until 2030. The resolution, on their initiative, supports political momentum at every level to eradicate all forms of malnutrition, in line with the United Nations Sustainable Development Goals 2030 Agenda.

    On 27 and 28 March, France is hosting the Nutrition for Growth summit, which promotes a cross-cutting approach to development in the health, agriculture, water, hygiene and sanitation sectors. Malnutrition is a scourge that strikes every country in the world, with grave consequences, affecting nations’ human capital and development potential: 45 million children suffer from acute malnutrition and 150 million are plagued by chronic malnutrition. Overweight and obesity, as well as undernutrition in elderly people, are rapidly becoming more widespread.

    France and Brazil are committed to food and nutrition security through concrete initiatives such as the School Meals Coalition, the Global Alliance against Hunger and Poverty and the momentum generated by the Nutrition for Growth summit to identify new sources of funding and mobilize the international community.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Problems to solve and crafts to create this Easter at The D-Day Story

    Source: City of Portsmouth

    This Easter, there’s a wide range of exciting activities for families to take part in down at The D-Day Story on Southsea seafront.

    Do you know your LCT from your BARV or your LCVP from your DUKW?  Find out this Easter – from hands-on experiments, to creative crafts, the museum’s family holiday activity programme is inspired by Landing Craft Tank (LCT) 7074, which is based outside the museum on Clarence Esplanade.

    Operation: Spies and Lies returns to the museum this Easter. Do you have what it takes to complete the challenges to find the mystery object? The challenge will take you around the museum, learning more about the objects and people involved in D-Day. Complete all the puzzles to claim your sticker and get an exclusive free D-Day backpack to take home.

    Plus you can also take part in our family trail Resist!, which is inspired by the French Resistance and their role during D-Day. Work together as a team to find and solve clues and puzzles on board LCT 7074 and throughout the museum. The trail is perfect for family groups and is  available every day, just ask at the front desk.

    Councillor Steve Pitt, Leader of Portsmouth City Council, said: “We are really pleased to be able to offer such a wealth of educational activities during the holidays at The D-Day Story. It’s the perfect opportunity to get the family together for some Easter fun.”

    Events will be running throughout the Easter break with all activities included in the admission price. No need to book, but sessions can be very popular, so visitors are advised to arrive early.

    Find out more about specific event days via our website: Events – The D-Day Story, Portsmouth

    MIL OSI United Kingdom

  • MIL-OSI: HUMAN Drives Momentum in EMEA with Key Leadership Appointments and Channel Expansion to Drive Growth

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) — HUMAN Security, a leading cybersecurity company committed to safeguarding every step of the customer’s online journey by defending against bots, fraud, and digital risk, today announced key leadership appointments and channel expansion to strengthen its commitment to clients and partners across the UK, France, and Germany. These investments underscore HUMAN’s dedication to further bolstering its go-to-market (GTM) strategy and expanding its regional presence in EMEA.

    “HUMAN’s commitment to EMEA is stronger than ever as we scale our operations and deepen our partnerships,” said Chris Scanlan, CRO at HUMAN. “With Mark Phillips, a long-standing HUMAN employee, promoted to Vice President of Sales, EMEA, and Bal Lakha joining as Head of Channel Partnerships, EMEA, we are accelerating our efforts to protect organisations from bots and fraud while delivering a seamless data journey and client experience. As we continue investing in our next growth stage, their expertise in cybersecurity sales and strategic alliances will be instrumental in strengthening our partner ecosystem, expanding our product capabilities, and driving impactful, scalable solutions for our clients across the region.”

    Mark Phillips, Vice President of Sales, EMEA, brings over 25 years of industry experience, including over two decades in cybersecurity. Phillips has a proven track record of success at leading security firms such as FireEye, Trend Micro, and Malwarebytes. Most recently, he served as Vice President of Global Sales Engineering at Bitdefender, leading worldwide technical sales initiatives. Phillips will oversee sales and presales teams across EMEA in his new role at HUMAN, shaping the region’s GTM strategy. With deep expertise and a commitment to innovation, he remains focused on empowering HUMAN’s customers and delivering impactful solutions that protect organisations across the EMEA region.

    Bal Lakha, Head of Channel Partnerships, EMEA, is an accomplished Global Sales and Partner Alliances leader with deep expertise in network security, managed security services, and partner management. Currently spearheading Channel Partnerships – EMEA at HUMAN, Lakha has held pivotal roles at FireEye, Forescout, and Cybereason, where he successfully drove strategic alliances and revenue growth. With proven performance in cybersecurity sales, he remains focused on building high-impact global partnerships and advancing innovative security solutions that strengthen HUMAN’s market presence.

    The leadership announcements come on the heels of several global milestones for HUMAN:

    • $50+ Million Growth Funding: This latest investment accelerates platform growth, integrating advanced AI techniques to enhance digital account protection and media security solutions, including defences against click fraud and advertising integrity for platforms, agencies, and brands.
    • Announced HUMAN Advantage Program: The new programme offers high rewards and margins through a three-tier structure, designed to stay in tune with evolving market economics and centered on three key factors: annualised bookings, training, and retention.
    • Recognition in The Forrester Wave™: Bot Management Software, Q3 2024: HUMAN was named a Leader, achieving top scores in nine categories, including “Detection Models,” “Mobile App and API Protection,” and “Vision.”
    • Voice of the Customer: HUMAN was ranked the #1 vendor in all G2 Grids for Bot Detection and Mitigation in both 2024 and 2025.

    The Human Defense Platform solves enterprise-wide pain points through its product offerings across the entire customer journey:

    • Advertising Protection: Protects programmatic inventory from bots, fraud, malvertising, and ad quality violations, ensuring brand reputation and revenue by fostering a trusted buying experience.
    • Application Protection: Protects against account takeover, scraping, transaction abuse, fake interactions, and client-side supply chain attacks by fostering a trusted application environment where users feel safe to interact and transact.
    • Account Protection: Protects accounts from automated credential stuffing and brute force account takeover attacks, fake accounts used by fraudsters to exploit platforms and services, and remediates accounts that have been compromised.

    HUMAN customers leveraging The Human Defense Platform include some of the world’s foremost online travel planning and booking services, top-tier e-commerce platforms, and global insurance leaders such as Allianz Technology. HUMAN’s solutions have earned widespread acclaim from major enterprises, including those in the railroad and transportation sectors, citing “great defence against bot attacks” and affirming that “HUMAN has a very good rate of identifying malicious requests.” An IT Security & Risk leader from the travel and hospitality industry states in a Gartner Peer Insights review that HUMAN is one of the best anti bot protection service you can find”.

    About HUMAN
    HUMAN is a leading cybersecurity company committed to protecting the integrity of the digital world. We ensure that every digital interaction, transaction, and connection is authentic, secure, and human. The Human Defense Platform safeguards the entire customer journey with high-fidelity decision-making that defends against bots, fraud, and digital threats. Each week, HUMAN verifies 20 trillion digital interactions, providing unparalleled telemetry data to enable rapid, effective responses to even the most sophisticated threats. Recognised by our customers as a G2 Leader, HUMAN continues to set the standard in cybersecurity. To ensure your digital connections are trusted, visit www.humansecurity.com

    Contact information:
    Masha Krylova, Director of Communications
    press@humansecurity.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/deb9d109-f546-4c8a-b41b-74dad285775d

    The MIL Network

  • MIL-OSI Europe: EU citizens most concerned with security and unity, survey shows

    Source: European Union 2

    The European Parliament’s Winter 2025 Eurobarometer survey, released today, highlights historic levels of approval for EU membership linked to peace and security.

    European Parliament President Roberta Metsola said: “Two thirds of Europeans want the EU to play a greater role in their protection. This is a clear call for action which we will answer. Europe needs to be stronger so that our citizens feel safer. The European Parliament will ensure that every proposal put forward is bold and ambitious enough to match the serious level of threat Europe faces. Europe must step up today, or it risks being stepped over tomorrow.”

    66% of EU citizens want the EU to take a more important role in protecting them against global crises and security risks. This view is particularly strong amongst younger respondents to the survey. At the national level, results for a stronger role of the EU range from 87% in Sweden to 47% in Romania and 44% in Poland.

    Almost three quarters of EU citizens (74%) believe their country has benefited from being a member of the EU. This is the highest result ever recorded in a Eurobarometer survey for this question since it was first asked in 1983. Fitting the current context, respondents mention the EU’s contribution to maintaining peace and strengthening security (35%) as the main reason why membership is considered beneficial.

    In addition, there is wide agreement among EU citizens that EU Member States should be more united to face current global challenges (89%) and that the European Union needs more means to deal with the challenges ahead (76%).

    Citizens expect the EU to strengthen security and defence and to enhance competitiveness

    In a rapidlychanging geopolitical environment, defence and security (36%) as well as competitiveness, economy and industry (32%) are identified as the areas on which the EU should focus most to reinforce its position in the world. These are also the topics that featured high on last week’s European Council with Parliament’s President calling for faster action and bolder ambition. While the results for defence and security have remained stable compared to February/March 2024, those for competitiveness, economy and industry have increased by five points. These two areas are followed by energy independence (27%), food security and agriculture (25%) and education and research (23%).

    Economic and security issues are also at the forefront when it comes to the topics citizens want the European Parliament to address as a priority. Four in ten Europeans mention inflation, rising prices and the cost of living (43%), followed by the EU’s defence and security (31%), the fight against poverty and social exclusion (31%) and support to the economy and the creation of new jobs (29%). Inflation, rising prices and the cost of living is a main priority across all age groups and with peak results recorded in Portugal (57%), France (56%), Slovakia (56%), Croatia (54%) and Estonia (54%).

    As shown by the EP’s previous survey, inflation and the cost of living had already played a major role as a driving force in the last European elections and the economic situation continues to be a main concern for many Europeans. A third (33%) expect their standard of living to decrease in the next five years, seven points more than in June-July 2024. This is the case for 53% of French respondents (+8 pp) and 47% of Germans (+15 pp).

    Peace and democracy remain EU core values

    Looking at the values Europeans would like the European Parliament to defend, peace (45%), democracy (32%) and the protection of human rights in the EU and worldwide (22%) come first. The results for this question have remained stable, underlining citizens steadfast support for the EU’s founding values and principles.

    Two-thirds of citizens support a stronger role for the EP

    As historic trend lines show, in moments of crisis citizens look to the EU for decisive actions and solutions. When the EU is perceived as coming together and delivering results, support indicators are high – which is currently the case.  50% of respondents have a positive image of the EU. In the last decade, this positive perception was only higher once (at 52%), in spring 2022 in the aftermath of the Russian invasion of Ukraine. The positive image of the EP is stable at a high level (41%). A few months into the legislative term, over six in ten (62%) citizens would like to see the European Parliament play a more important role, a six- percentage point increase compared to February-March 2024, a few months before the June 2024 European elections.

    Full results can be found here.

    Background   

    The European Parliament’s Winter 2025 Eurobarometer survey was carried out between 09 January and 04 February 2025 in all 27 EU Member States. The survey was conducted face-to-face, with video interviews used additionally in Czechia, Denmark, Finland, Malta, Netherlands, and Sweden. 26.354 interviews were conducted in total and EU results are weighted according to the size of the population in each country.

    MIL OSI Europe News

  • MIL-OSI: GAM announces 2024 full year results

    Source: GlobeNewswire (MIL-OSI)

    26 March 2025

    PRESS RELEASE

    Ad hoc announcement pursuant to Art. 53 Listing Rules:

    GAM announces 2024 full year results

    Strong progress in implementing turnaround strategy. GAM continues to target profitability in fiscal year 2026.

    Financial Highlights for Full Year 2024

    • IFRS net loss of CHF 70.9 million compared to CHF 82.1 million for FY 2023.
    • Underlying loss before tax of CHF 66.8 million compared to CHF 49.5 million for FY 2023.
    • AuM at CHF 16.3 billion compared to CHF 19.3 billion as at 31 December 2023.
    • Cost optimisation initiatives across the business resulted in a 20% decrease in underlying expenses compared to FY 2023. The full impact of these cost optimisation initiatives will be reflected in FY 2025 and beyond.
    • Successful CHF 100 million rights issue completed in November 2024, which resulted in our anchor shareholder, NJJ Holding SAS (through its holding in Rock Investment SAS (“Rock”)) becoming our majority shareholder.
    • The maturity of the existing CHF 100 million Rock loan facility has been extended until 31 December 2027.
    • GAM is now a highly scalable pure investment platform with strong global distribution capabilities focusing on three core areas to drive sustainable growth and profitability: Specialist Active Investing, Alternative Investing and Wealth Management.
    • GAM continues to target profitability in fiscal year 2026.

    Strategic Highlights

    • Launched GAM Alternatives, providing access to in-house and third-party alternative managers focusing on absolute return strategies and best-in-class talent.
    • A new, high performing and successful European Equity team joins GAM in 2025.
    • Partnering with Sun Hung Kai & Co. Ltd to drive growth and enhance our distribution capabilities across Greater China including Hong Kong, mainland China, Taiwan, and Macau.
    • In 2025, GAM will continue to partner with best-in-class external managers, to include the development of new products and the distribution of their own existing products to GAM clients.

    Elmar Zumbuehl, Group CEO at GAM said: “We have made strong progress in implementing GAM’s turnaround strategy and have now evolved into being a pure play investment management firm, but we are not finished yet. The cost optimisation initiatives implemented in 2024 will yield their full benefit in 2025 and beyond. While we stay focused on further cost optimisation, our main emphasis is growing our AuM and revenues as we continue our turnaround. With an unwavering commitment to our clients, and an expanding suite of innovative and distinctive products, we continue to build positive momentum and strengthen our market position. Backed by our majority shareholder, we continue to target profitability in fiscal year 2026 and remain focussed on delivering for our clients and all our stakeholders.”

    Summary Financials

    In 2024, we reported IFRS net loss after tax of CHF 70.9 million, compared with an IFRS net loss after tax of CHF 82.1 million in 2023. The loss in 2024 was mainly driven by the underlying net loss after tax of CHF 66.9 million.

    Please refer to the ‘Financial Results for FY 2024’ section later in this press release for full information.

    Financial Strength

    In November 2024, GAM completed its CHF 100 million fully underwritten ordinary capital increase by way of a rights issue to support the implementation of GAM’s strategy and provide long-term financial stability. Given Rock’s underwriting commitment, NJJ Holding SA (indirectly) is now the majority shareholder of GAM following the rights issue.

    The existing CHF 100 million Rock loan facility remains in place with its maturity extended to 31 December 2027.

    Strategy Update

    GAM’s strategy is designed to achieve sustainable growth and profitability by delivering best possible investment performance and exemplary service for our clients by focusing on our Investment and Wealth Management capabilities. The four pillars of our strategy remain:

    • Focusing on clients in existing core markets;
    • Amplifying and growing core active equity, fixed income and multi-asset strategies by investing in talent and product ideas;
    • Diversifying into new investment product areas and our Wealth Management offering by leveraging GAM’s heritage in active management, building strategic partnerships, and its alternatives and hedge funds platform; and
    • Enhancing effectiveness by reducing complexity.

    GAM is now focusing exclusively on its Investment (Specialist Active and Alternatives) and Wealth Management businesses, expanding its distribution reach and capabilities, amplifying its core active strategies, and diversifying into new product areas, including building out our higher margin alternatives capabilities.

    We have made strong progress throughout 2024 on our four-pillar strategy to transform GAM into a focused, client-centric, and profitable business.

    Focusing on clients

    Focusing on our clients in our existing core markets has been the most important way to rebuild GAM. In key markets where we have clients, but lack scalable distribution, we have, and will continue to, add partnerships to support our growth strategy and provide a broader range of client’s access to unparalleled investment expertise, opportunities, and exceptional outcomes across specialist active and alternative investment strategies.

    We established a strategic alliance with Sun Hung Kai & Co. Ltd. to grow our client base, distribute our products, and innovate our alternatives offering across the Greater China region, including Hong Kong, mainland China, Taiwan, and Macau.

    We have also enhanced our regional presence and client coverage by hiring new Heads of Distribution across Switzerland, Germany, Austria, Iberia, the UK, Australia, New Zealand, and France to drive our local market presence. This significant investment into our client facing teams will enable GAM to provide clients with excellent local contacts, strong relationship management and access to unparalleled investment expertise targeting exceptional outcomes.

    We additionally expanded our client reach through opening a second US office in Miami to cover the US international and Latin American markets and we are close to gaining customary approvals to open our planned branches in Paris and Milan.

    Amplifying and growing core active equity, fixed income, and multi-asset strategies by investing in talent and product ideas

    We are enhancing our capabilities by recruiting first-class investment talent in alternatives, systematic and equities teams.

    We have established a multi-asset centre of excellence in a global team to optimise all our multi-asset investment capabilities, enhance client outcomes, and align with evolving market dynamics and client needs. The high quality and excellent performance of this team will allow GAM to grow its wealth management business.

    In February 2025, we announced the hiring of three high performing and successful European Equity team members from Janus Henderson Investors. These strategic hires underscore GAM’s steadfast dedication to providing clients with access to unparalleled investment expertise and exceptional outcomes. The team brings extensive experience, having managed over EUR 6.5 billion in European Equity funds on behalf of institutional and retail clients globally.

    In addition, we have strengthened our sustainability and stewardship practices, meeting the principles of the UK and Swiss Stewardship Codes. Today GAM released its 2024 Sustainability Report which is available at www.gam.com

    Diversifying into new investment products while expanding the wealth management offering by leveraging GAM’s heritage in active management, strategic partnerships, and its alternatives and hedge funds platform

    Randel Freeman joined GAM in 2024 as Co-head / Co-CIO of GAM Alternatives to build out our alternative investments platform to meet growing investor demand with differentiated offerings. In addition, in 2025, we hired two senior sales specialists with deep experience in Alternatives distribution.

    In 2024, we launched GAM funds to introduce and distribute Avenue Capital’s Sports Opportunities fund, plus partnered with Arcus Investment to distribute their Japanese long/short equities fund. GAM also partnered with world leading Trafigura Group’s subsidiary Galena Asset Management to manage the GAM Commodities fund providing best-in-class sector expertise. This provides our clients access to exclusive and attractive commodity investment opportunities.

    We are launching the GAM LSA Private Shares strategy in Europe to provide access for European clients to this award-winning evergreen, late-stage private equity fund.

    Throughout 2025, GAM will be assessing M&A opportunities to enhance existing offerings, attracting best-in-class long-term strategic partnerships, and recruiting top talent to our core business areas globally.

    Enhancing effectiveness by reducing complexity

    Following the transfer of our fund services business for third-party funds we also successfully transitioned our Luxembourg, Irish and Swiss fund management company (ManCo) activities to Apex Group and 1741 Group in Q4 2024. In addition, we consolidated our operations onto our cloud based SimCorp investment management platform. GAM now operates on a global platform that delivers operational efficiencies.

    These implementations pave the way to a much less complex operating model underpinning and delivering best outcomes for our clients.

    GAM is now a highly scalable global investment platform with strong global distribution capabilities focusing on three core areas to drive sustainable growth and profitability: Specialist Active Investing, Alternative Investing and Wealth Management.

    Business Areas

    GAM Investments is focused on three core business areas to drive sustainable growth and profitability:

    • GAM Specialist Active: Deep expertise, experience and specialisms unlocking core and niche returns in equities, fixed income, and multi-asset investing;
    • GAM Alternatives: Access to in-house and third-party alternative investment managers focusing on absolute return strategies and best-in-class talent; and
    • GAM Wealth Management: Multi-asset solutions with tailored portfolios for high-net-worth individuals, charities and trusts, utilising best-of-breed GAM and third-party products.

    These three core business areas share and benefit from GAM’s global platform and agile operating model and modern technology.

    Investment Performance

    GAM has continued to deliver strong overall investment performance across our diverse and distinctive products, with 64% of assets under management (AuM) outperforming their three-year benchmark and 89% outperforming their five-year benchmark, as at 31 December 2024. Despite some weaker short-term performance in equities, the longer-term 5-year performance remains strong.

    Percentage of GAM Fund AuM Outperforming Benchmark

        3 years 3 years 5 years 5 years
    Business Area Asset Class 31 Dec 2024 31 Dec 2023 31 Dec 2024 31 Dec 2023
    Specialist Active Fixed income 94% 98% 95% 91%
    Specialist Active Equity 1% 39% 79% 59%
    Alternatives Alternatives 60% 73% 75% 96%
    Total   64% 78% 89% 81%

    % of AuM in funds outperforming their benchmark (excluding mandates and segregated accounts) across our business areas. Three- and five-year investment performance based on applicable AuM of CHF 9.0 billion and CHF 9.0 billion, respectively.

    Compared to our peer group performance remained strong, 66% of AuM outperformed their three-year Morningstar peer group and 82% outperformed their five-year Morningstar peer group, as at 31 December 2024.

    Percentage of GAM Fund AuM Outperforming Morningstar Peer Group

        3 years 3 years 5 years 5 years
    Business Area Asset Class 31 Dec 2024 31 Dec 2023 31 Dec 2024 31 Dec 2023
    Specialist Active Fixed income 61% 53% 60% 50%
    Specialist Active Equity 20% 51% 89% 89%
    Alternatives Alternatives 91% 89% 95% 96%
    Total   66% 66% 82% 76%

    GAM continues to be recognised for its investment performance, including having been awarded the overall best European small group 2025 by Lipper. Four GAM funds (including two funds of our Swiss Equity strategy) won Lipper’s 2025 top performance awards across multiple countries. For the second time, at the Citywire Investment Performance Awards, GAM Multi-asset won the Best Large Firm Award. GAM won the Wealth Management PAM 2024 award for its growth portfolios. GAM’s Sustainable Climate Bond strategy won and was chosen as the best ESG Investment Fund in the Green, Social and Sustainability Bonds category at the ESG Investing Awards 2024. For further details on these and other awards please visit http://www.gam.com/awards.

    Assets Under Management and Net Flows by Business Area

    Total AuM were CHF 16.3 billion as at 31 December 2024, compared to CHF 19.3 billion as at 31 December 2023. Net outflows of CHF 4.4 billion were partially offset by positive market and foreign exchange movements of CHF 2.0 billion.

    Business Area Opening AuM
    1 Jan 2024
    Net
    flows
    Disposal(1) Market/FX
    movements
    Closing AuM
    31 Dec 2024
    Specialist Active 17.5 (3.9) (0.6) 1.9 14.9
    Alternatives 0.9 (0.4)   0.5
    Wealth Management 0.9 (0.1)   0.1 0.9
    Total 19.3 (4.4) (0.6) 2.0 16.3
    (1) In the second half of 2024, the sale of the UK Equity Income Fund to Jupiter Asset Management completed and subsequently is reflected as a disposal. Therefore, net outflows of CHF 0.6 billion in 2024 have been reflected as a disposal.

    Financial Results for FY 2024

    The average management fee margin earned on investment management AuM in 2024 was 40.4 basis points, compared with the average margin for the financial year 2023 of 49.7 basis points. The change in average management fee margin primarily reflects the mix of assets under management across products and sub-advisory agreements with existing and new partners.

    Net management fees and commissions in 2024 totalled CHF 75.9 million, down from CHF 124.4 million in 2023 due primarily to the sale of the third-party fund services business in January 2024, lower average AuM and reduced average management fee margin in investment management.

    Underlying net performance fees totalled CHF 1.9 million, down from CHF 4.8 million in 2023.

    Underlying net other income/expenses includes net interest income and expenses, the impact of foreign exchange movements, net gains and losses on seed capital investments and hedging, as well as fund-related fees and service charges. In 2024, a net loss of CHF 2.3 million was recognised, compared with a CHF 0.4 million net loss in 2023. The 2024 net loss was mainly driven by the interest expenses incurred on the Rock Investment SAS loan facility and the impact of foreign exchange movements. The IFRS net other expense in 2024 amounts to CHF 4.4 million. The difference between the underlying and the IFRS net other expense of CHF 2.1 million mainly relates to a net foreign exchange loss on pension loan note offset by other income driven by the assignment of the UK property lease to a third party.

    Underlying personnel expenses decreased by 26% to CHF 76.6 million in 2024, compared with CHF 96.8 million in 2023. Fixed personnel costs decreased by 28%, driven by lower headcount. Headcount stood at 294 FTEs as at 31 December 2024, compared to 478 FTEs as at 31 December 2023. Variable compensation in 2024 fell to CHF 11.2 million from CHF 13.1 million in 2023, mainly driven by lower management and performance fees which impacted variable compensation arrangements. The underlying personnel expenses compares to IFRS personnel expenses of CHF 81.0 million. The difference between the underlying and the IFRS personnel expenses of CHF 4.4 million primarily relates to a reorganisation charge. (For further information, see note 6 of the condensed consolidated interim financial statements).

    Underlying general expenses in 2024 were CHF 52.1 million, down from CHF 65.0 million in 2023 due to cost optimisations initiatives across the business. This compares to IFRS general expenses of CHF 54.0 million. The difference between the underlying and the IFRS general expenses of CHF 1.9 million mainly relates to the Group’s reorganisation initiatives.

    Underlying depreciation and amortisation charges were CHF 13.8 million in 2024 compared to CHF 16.5 million in 2023. There is no difference between underlying and IFRS amounts.

    The underlying pre-tax loss in 2024 was CHF 66.8 million, compared to a CHF 49.5 million underlying pre-tax loss in 2023. The higher loss was driven mainly by lower net fee and commission income being only partially offset by lower personnel and general expenses. The underlying loss compares to an IFRS net loss before tax of CHF 69.6 million. The difference of CHF 2.8 million mainly relates to the remeasurement of the brand intangible, strategic initiative expenses and foreign exchange loss on pension loan note. (For further information, see note 6 of the condensed consolidated interim financial statements).

    The underlying income taxes in 2024 was a tax expense of CHF 0.1 million compared to a tax expense of CHF 0.3 million in 2023.

    Diluted underlying losses per share in 2024 was a negative CHF 0.25, compared to a negative of CHF 0.32 in 2023. This compares to a diluted IFRS earnings per share of negative CHF 0.27 in 2024. The difference between the diluted underlying and the diluted IFRS earnings per share of CHF 0.02 relates to the lower underlying net loss.

    Cash and cash equivalents as at 31 December 2024 were CHF 65.1 million, down from CHF 87.2 million as at 31 December 2023.This reduction was driven by the losses made by the Group partially offset by the proceeds received from the ordinary capital increase made by way of a rights offering in November 2024.

    Adjusted tangible equity as at 31 December 2024 was CHF 58.5 million, up from CHF 20.9 million as at 31 December 2023.The main contributor to this increase was ordinary capital increase by way of a rights issue that took place in November 2024. See page 17 of our Annual Report 2024 for full definition of adjusted tangible equity.

    The Board of Directors proposes to shareholders that no dividend will be paid for financial year 2024 given the underlying net loss in 2024.

    Outlook

    GAM continues to focus on implementing its strategy. Our priority is to achieve sustainable overall positive net inflows by rebuilding GAM’s distribution capabilities with a focus on our existing products and new product launches. The timeline for achieving these net inflows will be driven by our success in delivering our strategy, subject to market conditions. GAM continues to target profitability in fiscal year 2026.

    Additional information

    Results Centre | [FY2024 year report] | [FY2024 Investor presentation] | [FY2024 Investor workbook] | [2024 Sustainability Report] | [GAM corporate calendar]

    Investor Relations        
    Magdalena Czyzowska        
    T +44 (0) 207 917 2508        
    Media Relations        
    Colin Bennett        
    T +44 (0) 207 393 8544

    Visit us: www.gam.com
    Follow us: X and LinkedIn

    About GAM Investments

    GAM Investments is a highly scalable global investment platform with strong global distribution capabilities focusing on three core areas, Specialist Active Investing, Alternative Investing and Wealth Management, that is listed in Switzerland. It delivers distinctive and differentiated investment solutions across its Investment and Wealth Management businesses. Its purpose is to protect and enhance clients’ financial future. It attracts and empowers brightest minds to provide investment leadership, innovation and a positive impact on society and the environment. Total assets under management were CHF 16.3 billion as of 31 December 2024. GAM Investments has global distribution with offices in 14 countries and is geographically diverse with clients in almost every continent. Headquartered in Zurich, GAM Investments was founded in 1983 and its registered office is at Hardstrasse 201 Zurich, 8037 Switzerland. For more information about GAM Investments, please visit www.gam.com

    Other Important Information

    This release contains or may contain statements that constitute forward-looking statements. Words such as “anticipate”, “believe”, “expect”, “estimate”, “aim”, “project”, “forecast”, “risk”, “likely”, “intend”, “outlook”, “should”, “could”, “would”, “may”, “might”, “will”, “continue”, “plan”, “probability”, “indicative”, “seek”, “target”, “plan” and other similar expressions are intended to or may identify forward-looking statements.

    Any such statements in this release speak only as of the date hereof and are based on assumptions and contingencies subject to change without notice, as are statements about market and industry trends, projections, guidance, and estimates. Any forward-looking statements in this release are not indications, guarantees, assurances or predictions of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the person making such statements, its affiliates and its and their directors, officers, employees, agents and advisors and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct and may cause actual results to differ materially from those expressed or implied in any such statements. You are strongly cautioned not to place undue reliance on forward-looking statements and no person accepts or assumes any liability in connection therewith.

    This release is not a financial product or investment advice, a recommendation to acquire, exchange or dispose of securities or accounting, legal or tax advice. It has been prepared without taking into account the objectives, legal, financial or tax situation and needs of individuals. Before making an investment decision, individuals should consider the appropriateness of the information having regard to their own objectives, legal, financial and tax situation and needs and seek legal, tax and other advice as appropriate for their individual needs and jurisdiction.

    Attachment

    The MIL Network

  • MIL-OSI Australia: Belgium

    Source:

    There’s an ongoing threat of terrorism in Belgium. The threat level issued by Belgian authorities remains at level 3 of 4 – ‘Serious’ (see ‘Safety’). Crowded places, such as music and cultural events, festivals, tourist areas, shopping areas, transport hubs, major sporting events and other public areas, are possible targets. Be vigilant in public places and follow the advice of local authorities. There are temporary border controls in place to travel into France and Germany from Belgium (see ‘Travel’).

    MIL OSI News

  • MIL-OSI China: Russia, Ukraine hold parallel US-mediated talks in Saudi Arabia

    Source: China State Council Information Office

    Three days of technical-level negotiations on the details of a potential ceasefire in Ukraine concluded Tuesday without an official joint statement, as participating parties offered somewhat conflicting assessments of the talks.

    The intense parallel interactions between the United States and delegations from Ukraine and Russia on the table, including a 12-hour one between the United States and Russia on Monday, and two shorter rounds between the United States and Ukraine on Sunday and Tuesday, came as fighting on the battlefield remains intense.

    Although Washington signaled on Tuesday its willingness to continue facilitating negotiations between the warring parties, analysts remain skeptical about the prospects of such a diplomatic push, citing deep-seated distrust, conflicting demands among stakeholders, and the inherent complexities of the process.

    Conflicting assessments

    For the latest talks, which build on previous negotiations held in Saudi Arabia and subsequent phone exchanges between the presidents of the three countries, the U.S. delegation included Andrew Peek, a senior director at the White House National Security Council, and Michael Anton, a senior official from the State Department. The Russian delegation was led by Grigory Karasin, chair of the Federation Council’s Foreign Affairs Committee, and Sergei Beseda, an advisor to the director of the Federal Security Service. Defense Minister Rustem Umerov headed the Ukrainian delegation.

    On Tuesday, hours after the U.S. and Ukrainian delegations concluded their second round of talks, the White House issued separate statements elaborating on its understanding of the parallel meetings.

    It stated that the United States had agreed separately with Russia and Ukraine to “ensure safe navigation, eliminate the use of force, and prevent the use of commercial vessels for military purposes in the Black Sea,” and to develop measures for implementing the presidents’ agreement to “ban strikes against energy facilities of Russia and Ukraine.”

    The United States, with Russia and Ukraine respectively, also “welcomes the good offices of third countries with a view toward supporting the implementation of the energy and maritime agreements” and “will continue working toward achieving a durable and lasting peace,” the statement added.

    Among the outcomes of the U.S.-Russia talks, the United States pledged to help restore Russia’s access to the global market for agricultural and fertilizer exports, reduce maritime insurance costs, and improve access to ports and payment systems for such transactions.

    In the U.S.-Ukraine talks, both sides reaffirmed the United States’ commitment to facilitating the exchange of prisoners of war, securing the release of civilian detainees, and ensuring the return of forcibly transferred Ukrainian children.

    Meanwhile, the Kremlin stated on Tuesday that Russia and the United States had agreed to ensure the implementation of the Black Sea Initiative, contingent on the easing of sanctions on Russia’s agricultural and food trade.

    Russia also stipulated the removal of restrictions on its food and fertilizer producers and exporters, the servicing of related Russian-flagged vessels in ports, and the supply of agricultural machinery to Russia, according to the Kremlin.

    It further announced that a “temporary moratorium” on strikes against energy facilities — including nuclear power plants, oil refineries, gas pipelines, and hydroelectric dams — would be in effect for 30 days starting March 18 and “may be extended by mutual agreement.”

    Previously, Russian President Vladimir Putin agreed on March 18 to halt attacks on energy facilities in a phone call with U.S. President Donald Trump.

    As for Kiev, while Umerov stated on Tuesday that “all parties” had agreed on the need to prohibit attacks on energy infrastructure in the Russia-Ukraine conflict, he also warned that any movement of Russian military vessels beyond the eastern part of the Black Sea would “violate the agreement’s spirit” and be considered a “threat to Ukraine’s national security.” In response, Ukraine would exercise its right to self-defense, he cautioned.

    Mixed sentiments

    Commenting on the three-day peace negotiations, Trump said the U.S. side was “in deep discussions with Russia and Ukraine,” which were “going well.”

    He added that he would look into Russia’s requests for sanctions relief.

    However, the mood is quite different for both Russia and Ukraine. Although the meetings in Saudi Arabia hinted at the possibility of a broader ceasefire, the two countries remain wary of the latest deal, voicing contrasting concerns over its implementation.

    In an interview with local media, Russian Foreign Minister Sergei Lavrov said Moscow needs “clear guarantees” from the White House regarding the agreement on the safety of shipping in the Black Sea.

    “Given the sad experience of agreements with just Kiev, the guarantees can only be the result of an order from Washington to (Ukrainian President Volodymyr) Zelensky and his team,” Lavrov said.

    Zelensky accused the Kremlin of “lying” and “manipulating” by saying the Black Sea ceasefire depends on “sanctions,” warning that the Russians “must understand that if they launch strikes, there will be a strong response.”

    At a press conference earlier Tuesday, Zelensky criticized Washington’s decision to help restore Russia’s access to the world market for agricultural goods, dismissing it as “a weakening of the position and a weakening of sanctions.”

    The Ukrainian president said he hopes to gain clarity from an upcoming summit in Paris regarding which countries would deploy forces to enforce the peace agreements.

    “Our task is to come out with the result of understanding who we have and who is ready” to contribute forces to implement measures to halt the conflict, Zelensky said.

    In the meantime, Europe, once again finding itself sidelined in addressing the conflict, has been actively organizing support for Ukraine in recent weeks.

    French President Emmanuel Macron announced that leaders of the so-called “coalition of the willing” will meet again this week, focusing on short-term military support for Ukrainian forces and exploring long-term “security guarantees” to help sustain Ukraine’s defense. Macron’s remarks have been dismissed by the United States as “a posture and a pose.”

    The meeting in Paris with Zelensky will be the latest in a series of high-stakes gatherings among European leaders, following London’s hosting of discussions on Thursday among European military chiefs from the coalition backing Ukraine.

    Britain and France are taking a leading role in organizing Western support for Ukraine after Trump surprised Europe by initiating talks with Putin. The two European powers have pledged to help provide the military force needed to keep Russia “at bay” if a ceasefire is reached.

    Uncertain future

    Notably, the battlefield showed no signs of quieting despite the peace talks in Saudi Arabia, with both Russia and Ukraine reporting fresh waves of drone strikes and accusing each other of escalation.

    On Tuesday, the Russian Defense Ministry said Ukraine had “continued to deliberately strike Russian peaceful energy infrastructure facilities using UAVs.”

    “By continuing daily attacks on Russian energy infrastructure, Zelensky confirms his inability to negotiate and his lack of control by external guarantors responsible for ensuring compliance with any possible agreements,” the ministry said.

    In Ukraine, the number of people injured on Monday in a Russian missile strike on the northeastern city of Sumy rose to 101, including 23 children, according to the Sumy regional administration.

    Preliminary data indicated that a Russian missile struck a residential area of the city, damaging several apartment buildings and an educational institution, the Sumy Regional Prosecutor’s Office said in a statement.

    Experts have pointed out that a real, permanent peace settlement could be far off, citing deep-rooted divisions and a growing trust deficit among the stakeholders.

    Khalid Almatrafi, Bureau Chief of Asharq TV in Saudi Arabia, told Xinhua that “the escalating mutual attacks … reflect the deepening gap between the two sides and complicate any negotiating process.”

    The repeated accusations deepen mistrust and make it difficult to establish any “confidence-building measures,” which are essential for transitioning from a ceasefire to a sustainable political settlement, said Almatrafi.

    Echoing Almatrafi’s viewpoint, Abdulaziz Alshaabani, a Saudi researcher at Al Riyadh Center for Political and Strategic Studies, said that “a lack of trust” poses a major threat to reaching an agreement, “given the history of violations of agreements between the two sides.”

    “In 2022, several rounds of negotiations took place … in the end, nothing came of it,” said Andrey Kortunov, a scholar with the Valdai Discussion Club in Russia. “Over the past three years, there has been a major escalation, and the situation has changed,” making it “difficult for both sides to find compromises,” Kortunov said.

    “Given the difficulty in enforcing a halt to strikes on energy infrastructure agreed upon last week, it remains to be seen how effective the latest deal will be,” The Independent, a British online newspaper, reported.

    The newspaper also questioned Washington’s motives in assuming the mediator’s role, particularly concerning Ukraine’s mineral and energy resources.

    “The Trump administration has claimed that Washington’s stake in Ukraine’s minerals and energy resources could deter Russia from launching future attacks,” but such a diplomatic push would, in fact, grant Washington “a vast stake in Ukraine’s rare earth mineral deposits,” it said.

    “Ukraine’s gas infrastructure could also be of interest to the White House, with Kiev owning the world’s third-largest underground gas storage capacity,” it noted. 

    MIL OSI China News

  • MIL-Evening Report: Trump silences Voice of America – end of a propaganda machine or void for China and Russia to fill?

    ANALYSIS: By Valerie A. Cooper, Te Herenga Waka — Victoria University of Wellington

    Of all the contradictions and ironies of Donald Trump’s second presidency so far, perhaps the most surprising has been his shutting down the US Agency for Global Media (USAGM) for being “radical propaganda”.

    Critics have long accused the agency — and its affiliated outlets such as Voice of America, Radio Free Europe and Radio Free Asia — of being a propaganda arm of US foreign policy.

    But to the current president, the USAGM has become a promoter of “anti-American ideas” and agendas — including allegedly suppressing stories critical of Iran, sympathetically covering the issue of “white privilege” and bowing to pressure from China.

    Propaganda is clearly in the eye of the beholder. The Moscow Times reported Russian officials were elated by the demise of the “purely propagandistic” outlets, while China’s Global Times celebrated the closure of a “lie factory”.

    Meanwhile, the European Commission hailed USAGM outlets as a “beacon of truth, democracy and hope”. All of which might have left the average person understandably confused: Voice of America? Wasn’t that the US propaganda outlet from World War II?

    Well, yes. But the reality of USAGM and similar state-sponsored global media outlets is more complex — as are the implications of the US agency’s demise.

    Public service or state propaganda?
    The USAGM is one of several international public service media outlets based in Western democracies. Others include Australia’s ABC International, the BBC World Service, CBC/Radio-Canada, France Médias Monde, NHK-World Japan, Deutsche Welle in Germany and SRG SSR in Switzerland.

    Part of the Public Media Alliance, they are similar to national public service media, largely funded by taxpayers to uphold democratic ideals of universal access to news and information.

    Unlike national public media, however, they might not be consumed — or even known — by domestic audiences. Rather, they typically provide news to countries without reliable independent media due to censorship or state-run media monopolies.

    The USAGM, for example, provides news in 63 languages to more than 100 countries. It has been credited with bringing attention to issues such as protests against covid-19 lockdowns in China and women’s struggles for equal rights in Iran.

    On the other hand, the independence of USAGM outlets has been questioned often, particularly as they are required to share government-mandated editorials.

    Voice of America has been criticised for its focus on perceived ideological adversaries such as Russia and Iran. And my own research has found it perpetuates stereotypes and the neglect of African nations in its news coverage.

    Leaving a void
    Ultimately, these global media outlets wouldn’t exist if there weren’t benefits for the governments that fund them. Sharing stories and perspectives that support or promote certain values and policies is an effective form of “public diplomacy”.

    Yet these international media outlets differ from state-controlled media models because of editorial systems that protect them from government interference.

    The Voice of America’s “firewall”, for instance, “prohibits interference by any US government official in the objective, independent reporting of news”. Such protections allow journalists to report on their own governments more objectively.

    In contrast, outlets such as China Media Group (CMG), RT from Russia, and PressTV from Iran also reach a global audience in a range of languages. But they do this through direct government involvement.

    CMG subsidiary CCTV+, for example, states it is “committed to telling China’s story to the rest of the world”.

    Though RT states it is an autonomous media outlet, research has found the Russian government oversees hiring editors, imposing narrative angles, and rejecting stories.

    A Voice of America staffer protests outside the Washington DC offices on March 17, 2025, after employees were placed on administrative leave. Image: Getty Images/The Conversation

    Other voices get louder
    The biggest concern for Western democracies is that these other state-run media outlets will fill the void the USAGM leaves behind — including in the Pacific.

    Russia, China and Iran are increasing funding for their state-run news outlets, with China having spent more than US$6.6 billion over 13 years on its global media outlets. China Media Group is already one of the largest media conglomerates in the world, providing news content to more than 130 countries in 44 languages.

    And China has already filled media gaps left by Western democracies: after the ABC stopped broadcasting Radio Australia in the Pacific, China Radio International took over its frequencies.

    Worryingly, the differences between outlets such as Voice of America and more overtly state-run outlets aren’t immediately clear to audiences, as government ownership isn’t advertised.

    An Australian senator even had to apologise recently after speaking with PressTV, saying she didn’t know the news outlet was affiliated with the Iranian government, or that it had been sanctioned in Australia.

    Switched off
    Trump’s move to dismantle the USAGM doesn’t come as a complete surprise, however. As the authors of Capturing News, Capturing Democracy: Trump and the Voice of America described, the first Trump administration failed in its attempts to remove the firewall and install loyalists.

    This perhaps explains why Trump has resorted to more drastic measures this time. And, as with many of the current administration’s legally dubious actions, there has been resistance.

    The American Foreign Service Association says it will challenge the dismantling of the USAGM, while the Czech Republic is seeking EU support to keep Radio Free Europe and Radio Liberty on the air.

    But for many of the agency’s journalists, contractors, broadcasting partners and audiences, it may be too late. Last week, The New York Times reported some Voice of America broadcasts had already been replaced by music.

    Dr Valerie A. Cooper is lecturer in media and communication, Te Herenga Waka — Victoria University of Wellington.  This article is republished from The Conversation under a Creative Commons licence. Read the original article.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Asia-Pac: Control Aquatic Animal Diseases

    Source: Government of India (2)

    Posted On: 25 MAR 2025 5:55PM by PIB Delhi

    The Department of Fisheries, Ministry of Fisheries Animal Husbandry and Dairying, Government of India has established a robust framework for early detection, reporting and control of aquatic animal diseases. Under the central sector component of Pradhan Mantri Matsya Sampada Yojana (PMMSY), Department of Fisheries is implementing the National Surveillance Programme for Aquatic Animal Diseases (NSPAAD) through ICAR-National Bureau of Fish Genetic Resources, Lucknow with total outlay of ₹ 33.78 crore. NSPAAD involves systematic surveillance across all the States/UTs in the country to identify disease risk, improve disease management and promote healthy aquatic ecosystem. This is a pan-India program, being implemented in collaboration with 54 partner institutions, includes ICAR fisheries research institutes, namely ICAR- Central Institute of Fisheries Education, Mumbai; ICAR- Central Institute of Brackishwater Aquaculture, Chennai; ICAR-Central Inland Fisheries Research Institute, Barrackpore; ICAR-Central Institute of Freshwater Aquaculture, Bhubaneswar; ICAR-Central Marine Fisheries Research Institute, Kochi; ICAR-Directorate of Coldwater Fisheries Research, Bhimtal; ICAR- Central Institute of Fisheries Technology, Cochin;  fisheries colleges /universities and state governments. The programme supports fish farmers by generating awareness, issuing advisories and capacity building campaigns. Under the National Surveillance Programme for Aquatic Animal Diseases (NSPAAD), the Department of Fisheries has also launched an android-based mobile app known as “Report Fish Disease”. The app provide a central platform for connecting and integrating fish farmers, field-level officers and fish health experts seamlessly. In addition, the Coastal Aquaculture Authority (CAA) under the Department of Fisheries, Govt. of India promotes biosecurity and disease prevention through farm management guidelines.

    To strengthen aquatic health and disease management across the country, the Department of Fisheries under the Pradhan Mantri Matsya Sampda Yojana (PMMSY) has developed a network of 19 disease diagnostic centre and quality testing labs, 31 mobile centres and testing labs and 6 Aquatic referral labs. Additionally, the Department of Fisheries, Govt. of India is actively engaged with World Organization for Animal Health (WOAH), Paris, France and Network of Aquaculture Centres in Asia-Pacific (NACA), Bangkok, Thailand to improve aquatic animal health in India.

    This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 25th March, 2025.

    *****

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    MIL OSI Asia Pacific News

  • MIL-OSI United Nations: Amid Appalling Civilian Death Toll in Syria, Caretaker Authorities Must Signal ‘Era of Impunity’ Is Over, Special Envoy Tells Security Council

    Source: United Nations 4

    Several Speakers Urge Lifting Economic Sanctions on Damascus, Condemn Israel’s Ongoing Violations of Syria’s Sovereignty, Territorial Integrity

    Meeting today — 14 years after the start of the civil war in Syria, four months since the fall of the former regime and weeks removed from harrowing violence along the country’s coast — the Security Council heard of the need for accountability and economic recovery so that the country can move towards credible, inclusive transition.

    “The legacies of 14 years of war and conflict — and five decades of one-man rule — are huge,” said Geir O. Pedersen, the Secretary-General’s Special Envoy for Syria.  “So are the immediate challenges facing the Syrians today,” he added. While many have rejoiced at their newfound ability to gather in public spaces without fear, many others have faced devastating violence on Syria’s coast.  On that, he said that “armed groups associated with the former regime” attacked and ambushed caretaker authority forces across that region on 6 March. “Serious armed confrontations ensued, resulting in significant numbers of casualties among the warring factions,” he reported.

    “But far more disturbing was the appalling civilian death toll,” he stressed, spotlighting “widespread footage of grave violations of a plainly sectarian and retaliatory nature”.  Detailing the broader context of fomenting insecurity, hate speech, sense of exclusion and pent-up grievance, he said that further investigation is needed to fully determine the perpetrators of the “shocking” violence against civilians.  For their part, the caretaker authorities have announced an independent investigative committee tasked with examining violations by all sides.  He underscored that findings must be made public and those responsible held accountable to clearly signal that “the era of impunity in Syria is in the past”.

    He went on to express concern over recent Israeli statements on the intention to stay in Syria “for the foreseeable future”, as well as demands for the “full demilitarization of southern Syria”, calling on the Council to “hold Israel to its commitment that this is a temporary presence”.  Additionally, he detailed the caretaker authorities’ actions to establish a transitional Government, a permanent Constitution and transitional justice. “Syrians need an economic future,” he added, welcoming humanitarian pledges made at the ninth Brussels Conference on 17 March to support Syria’s recovery.  However, observing that “more resources will be needed”, he also urged “fast and broad sanctions easing”.

    Tom Fletcher, Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, cited progress on that front, with expanded cross-border deliveries from Türkiye, engagement with Member States to ease sanctions, the repair of infrastructure to restore access to water and the clearance of over 1,700 pieces of unexploded ordnance. Nevertheless, he underscored:  “We need more funding.”  The 2024 Humanitarian Appeal for Syria was only 35 per cent funded, and in 2025, almost half of organizations funded by the United States have received full or partial stop orders.

    Stating that $2 billion is needed to reach 8 million of the most vulnerable people through June, he noted that his office has only received $155 million to date — 13 per cent of what is needed.  Yet, 16 million people — nearly three quarters of the Syrian population — lack sufficient food, water, shelter and medicine.  While stating that there are real reasons for hope after 14 years of conflict and devastation, he stressed that “there is no time to spare”.  He therefore urged those present to be “problem-solvers, rather than problem-observers”.

    Next to brief was Joumana Seif, Co-founder of the Syrian Women’s Political Movement and Legal Adviser at the European Center for Constitutional and Human Rights, who pointed out that Syrians endured “immense” suffering under the rule of Bashar al-Assad.  This led to sanctions, which affected not only the regime, but also ordinary citizens.  “Now that Assad is no longer in power, there is no justification for maintaining these sanctions,” she stressed, adding that “what Syrians need most” is the immediate lifting of these measures alongside investment, reconstruction and economic revitalization.

    Turning to the recent coastal violence, she underscored that this has “caused real concern for us Syrians”.  She stressed:  “We don’t want to build our new country on the back of a new massacre.”  Instead, Syrians must create a transparent and inclusive plan for transitional justice, which requires consultation with victims’ associations and civil society to ensure fair trials, truth commissions, moral and financial compensation for victims and safeguards to prevent future atrocities.  “All of this requires significant financial resources,” she observed.  Additionally, she underscored the need to form an inclusive Government that “truly represents everyone without exclusion”.

    As the floor opened, Lars Løkke Rasmussen, Minister for Foreign Affairs of Denmark and Council President for March, spoke in his national capacity to underscore that the interim Government “must protect Syrians from all religious and ethnic backgrounds”.  He also underlined the need for an inclusive political transition. “Syrian society, in all its complexity and diversity, must be represented,” he urged.  And on the issue of sanctions, he noted that the European Union suspended several such measures in February “to send a very clear signal to the Syrian people of our support towards a better future”.

    Also underlining the European Union’s commitment to the Syrian people, the representative of France noted the suspension of certain restrictive measures to facilitate financial and bank transactions for the country’s reconstruction.  Slovenia’s representative added that the bloc will consider a further lifting of sanctions depending on developments on the ground.  The representative of Greece, meanwhile, emphasized that sanctions should be eased in a gradual, conditional and reversible manner to “ensure that our expectations are met” in terms of an inclusive transition and accountability for recent atrocities.

    Many Council members also spotlighted the recent Brussels Conference, during which donors pledged nearly $6.5 billion in aid to support Syria’s recovery.  The representative of the United Kingdom recalled that her country, at that event, promised up to $207 million in critical humanitarian assistance.  In parallel, the United Kingdom has relaxed some of its sanctions on Syria and revoked the asset freezes of 24 entities and institutions in the energy, transport and finance sectors.

    On the topic of assistance, Kang Insun, Vice-Minister for Foreign Affairs of the Republic of Korea, urged stronger international commitment to humanitarian aid and economic recovery in Syria to “overcome the pain and destruction of 14 years of conflict”.  For its part, Seoul has provided nearly $150 million in humanitarian assistance to Syria and its neighbours over the past decade, and will continue to offer its support.  “As [the Republic of] Korea has pledged, 2,400 tons of Korean rice will be delivered to assist food-insecure populations in Syria,” she reported.  She also took “positive note” of recent developments regarding the suspension of certain sanctions.

    Many Council members, echoing warnings of Syria’s dire economic and humanitarian situation, called for the lifting of unilateral sanctions on the country.  Among them were the representatives of Panama and Pakistan — the latter of whom stressed that lifting sanctions is “imperative to facilitating reconstruction and aid efforts”.  Algeria’s representative — also speaking for Guyana, Sierra Leone and Somalia — stressed: “Without rapid economic recovery, it will be difficult to envision a safe and prosperous future for Syrians.” Therefore, the swift lifting of unilateral sanctions is essential.

    Additionally, he — like many other Council members today — expressed concern over “alarming” statements by Israeli officials regarding the “indefinite” presence of their forces in Syrian territory and their intention to establish a “demilitarized area” in the country’s south.  Condemning these “irresponsible” statements — “which will only exacerbate regional instability” — he also joined others in calling for full respect for the 1974 Disengagement of Forces Agreement, including its provisions regarding the area of separation.

    Similarly, the representative of the Russian Federation pointed to the “destructive role” played by Israeli air strikes against — and continued occupation of — Syrian territory.  Condemning recent attacks by the Israel Defense Forces, he called on Israel to withdraw its units from areas taken since December 2023.  Additionally, he expressed concern over the issue of foreign terrorist fighters still present in Syria — a point echoed by China’s representative, who urged the interim authorities to fulfil their counter-terrorism obligations and take decisive measures to combat all Council-listed terrorist organizations.

    The representative of the United States also underscored that all foreign fighters “need to be removed from their posts immediately”. She also stressed that the interim authorities must embark on a political process that includes Kurdish, Druze, Alawite and Christian communities — “something they have not meaningfully done to date”.  There must also be expansive representation of Syrian voices in the drafting of a permanent Constitution.  Otherwise, she stressed, Syria will “remain in the sectarian shadow of the Assad regime, increasing the likelihood of a new civil war”.

    For his part, the representative of Syria reported that, in the wake of recent violence, the Syrian leadership “affirmed that the new Syria will be a State of law and that the law will apply to all”.  Further, such authorities have emphasized that shedding “the blood of the innocent will not go unpunished — regardless of the identity of the perpetrators”.  Additionally, he urged the “full lifting of sanctions imposed on the Syrian people”. And pointing to an Israeli attack on the province of Daraa today, he called on the Council to “compel Israel to cease its ongoing aggression”.

    Several of Syria’s neighbours also took the floor, with Iran’s representative condemning Israel’s ongoing violations of Syria’s sovereignty and territorial integrity.  So, too, did the representative of Qatar, who additionally called for the lifting of economic sanctions against Syria as “that raison d’être is no longer there”. Jordan’s representative echoed that call, adding that countries hosting Syrian refugees cannot bear that burden alone. Therefore, the international community must provide financial and technical support in this regard.

    The representative of Türkiye, meanwhile, welcomed a “new era” in Syria as the interim authorities work towards political transition.  However, he voiced concern over provocations in Latakia and surrounding areas, which are aimed at undermining a smooth transition process.  “These attacks should not be mischaracterized as a sectarian conflict between Damascus and the Alawite community,” he stressed, as “the international community must recognize that these were coordinated efforts, supported by certain regional actors, to destabilize Syria”.

    MIL OSI United Nations News

  • MIL-OSI: True North Mortgage Welcomes 25+ Former Rocket Mortgage Canada Employees, Expands Windsor and Quebec Presence

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, March 25, 2025 (GLOBE NEWSWIRE) — True North Mortgage, one of Canada’s largest mortgage brokerages, today announced the strategic hiring of over 25 former Rocket Mortgage Canada employees. This move significantly bolsters its team and reinforces its commitment to the Canadian mortgage market. This move follows the recent announcement of Rocket Mortgage Canada’s closure of operations.

    True North Mortgage is pleased to provide employment opportunities to nearly two-thirds of Rocket Mortgage Canada’s front-line mortgage professionals. The company will also maintain an office presence in Windsor, Ontario, ensuring continuity for employees and contributing to the local economy. In addition, the hiring of experienced former Rocket mortgage professionals in Montreal marks True North’s entry into the Quebec market, expanding its reach and service offerings to French-speaking Canadians.

    “As a 100% Canadian company, investing in these salaried jobs to support the next stage of our growth makes perfect sense, and we’re excited to welcome these highly skilled and experienced mortgage agents to the True North Mortgage family,” said Amanda Magee, Chief Growth Officer of True North. “Their expertise and dedication will be invaluable as we continue to provide Canadians with tailored mortgage solutions. We are confident they will thrive in our dynamic and supportive environment.”

    True North’s proactive recruitment approach aligns with its ambitious growth plans. The company aims to add 30 new mortgage agents in 2025 and is delighted to have achieved this goal ahead of schedule with the addition of such capable and well-trained professionals.

    “We recognize the challenging circumstances faced by the former Rocket Mortgage Canada team and can appreciate the hurdles shouldered by their senior leadership,” said Dan Eisner, CEO of True North. “They built a strong and talented team in a highly competitive market, and we commend their efforts. We are honoured to provide a new home for many of their exceptional employees.”

    True North Mortgage is committed to providing Canadians from coast to coast with transparent, unbiased, and expert mortgage advice. Focusing on technology and personalized service, the company continues to lead the industry in innovation and client satisfaction.

    About True North Mortgage:

    True North Mortgage is one of Canada’s top mortgage brokerages, offering a wide range of mortgage products and services. Committed to transparency and client service, True North Mortgage empowers Canadians to make informed mortgage decisions that help them save money.

    Contact:

    Cheryl Dawes, Content Manager, True North Mortgage
    cheryl.dawes@truenorthmortgage.ca

    The MIL Network

  • MIL-OSI Economics: DDG Ellard urges action on harmful fisheries subsidies at Monaco Blue Initiative

    Source: World Trade Organization

    DDG Ellard emphasized the achievement by WTO members in successfully concluding the WTO’s Agreement on Fisheries Subsidies, the need to enter it into force, and opportunities offered by the upcoming 3rd UN Ocean Conference (UNOC) to be held in Nice, France from 9 to 13 June.

    She noted that the state of global fisheries resources is “alarming,” with 38% of fish stocks overexploited.  The Agreement on Fisheries Subsidies will be a powerful tool to address the deterioration of fish stocks by prohibiting subsidies for particularly harmful fishing activities.

    Prohibiting such subsidies is not only expected to contribute to the sustainability of ocean resources but will also create an opportunity for WTO members to redirect US$ 20 billion in annual harmful subsidies to more sustainable fishing practices, thereby supporting the livelihoods of millions of fisherfolk around the globe, DDG Ellard said.

    DDG Ellard noted that 17 acceptances of the Agreement are still needed from WTO members for it to come into force. “It is our hope to celebrate the entry into force with the international ocean community at UNOC,” she said.

    DDG Ellard also highlighted the WTO Fish Fund, which will start operations as soon as the Agreement enters into force. The Fund is designed to assist developing members in implementing the Agreement and establishing sustainable fisheries management.

    She noted that a developing or least developed WTO member is eligible for financing from the Fund provided it has ratified the Agreement, creating a powerful incentive to do so.

    WTO members are now seeking to build on the Agreement to address subsidies contributing to overcapacity and overfishing, she told participants.

    “Members recognize that an agreement on subsidies contributing to overcapacity and overfishing is essential to improve fish stocks and support the economic and environmental sustainability of our oceans for future generations,” she said.  “I am confident WTO members will do all they can to get there as quickly as possible.”

    Launched in 2010 by Prince Albert II of Monaco, the Monaco Blue Initiative serves as an informal think tank to accelerate the integration of ocean issues into international negotiations on the environment.

    More information regarding the WTO’s work with regards to reducing the impact of harmful fisheries subsidies can be found here.

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    MIL OSI Economics

  • MIL-OSI United Nations: In Dialogue with Malta, Experts of the Committee on Enforced Disappearances Ask about Efforts to Establish a Stand-Alone Law on Enforced Disappearance and Prevent Disappearances of Migrants

    Source: United Nations – Geneva

    Committee Experts Commemorate the Day of Remembrance for Truth and Justice in Argentina and the International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims

    The Committee on Enforced Disappearances today concluded its consideration of the initial report of Malta on its implementation of the International Convention on the Protection of All Persons from Enforced Disappearance.  Committee Experts asked questions on the State’s efforts to establish a stand-alone law on enforced disappearance and a national human rights institution, and to prevent disappearances of migrants.

    Several experts raised concerns that the State party did not have a stand-alone crime of enforced disappearance.  Fidelis Kanyongolo, Committee Expert and Country Rapporteur, asked about steps taken to establish an autonomous offence of enforced disappearance with appropriate penalties.

    Barbara Lochbihler, Committee Expert and Country Rapporteur, said the human rights and equality commission bill, which would establish a national human rights institution, had not yet been enacted.  What parts of the bill were under review and what was the timeline for its adoption?

    Ms. Lochbihler also cited reports of tactics of non-assistance to migrants and refugees in distress at sea, as well as pushbacks to Libya, leading to deaths and disappearances.  Refugees in Libya were reportedly kept in appalling conditions, and exposed to abuse, extortion, abduction and human trafficking.  What measures had the State party taken to prevent disappearances of migrants and dangerous pushbacks at sea?

    Introducing the report, Fiorella Fenech Vella, Office of the State Advocate of Malta and head of the delegation, said Malta had consistently recognised that enforced disappearance was a crime under customary international law, and the State had classified enforced disappearances as inhumane acts under its umbrella provision of crimes against humanity since its independence in 1964.

    The delegation added that Malta had no reported cases of enforced disappearance and the State party criminalised all elements of the crime of enforced disappearance, though it did not have a stand-alone crime of enforced disappearance or plans to create one.

    The establishment of an independent national human rights institution remained a high priority for Malta, Ms. Fenech Vella said.  The equality and human rights commission bill had been previously presented to Parliament; however, the legislative process was halted due to the dissolution of Parliament for the 2022 general elections.  Since then, efforts had been made to develop the bill to ensure full compliance with the Paris Principles and relevant European Union directives.  The delegation could not provide a timeline for its adoption, however.

    The delegation said Malta had saved several migrants at sea.  Maltese authorities acted on distress calls at sea in accordance with relevant international laws and had not engaged in any pushbacks to Libya. The Government signed a memorandum of understanding with Libya in 2020 on setting up coordination centres in Tripoli and Malta to improve the reception of migrants and combat trafficking in the region.

    In concluding remarks, Ms. Fenech Vella said the dialogue was an essential component for further strengthening Malta’s implementation of the Convention and for strengthening protections for rights holders in the State.  The State party would carefully analyse and take into account the Committee’s recommendations in its development of laws and policies.

    Olivier de Frouville, Committee Chair, in concluding remarks, said the State party and the Committee’s common goal was to ensure the implementation of the Convention.  Mr. de Frouville called on Malta and other States that had ratified the Convention to petition States that had not ratified to do so.  The Committee looked forward to continuing to work with Malta in future.

    The delegation of Malta consisted of representatives of the Ministry for Home Affairs, Security and Employment; Ministry for Foreign Affairs and Tourism; Office of the State Advocate; Office of the Attorney General; Ministry for Justice and Reform of the Construction Industry; and the Permanent Mission of Malta to the United Nations Office at Geneva.

    At the end of the first day of the dialogue, the Committee heard statements marking the Day of Remembrance for Truth and Justice in Argentina and the International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims.

    Horacio Ravenna, Committee Vice-Chair, recounted that 49 years ago, the armed forces in Argentina initiated a coup against the State’s leadership and imposed a military dictatorship.  In this era, when many political dissidents were subjected to enforced disappearance, the exiled mothers of victims led the fight and bravely spoke out.  On this day, the Committee honoured persons who had passed away and continued to raise public awareness for the next generations, so that the horrendous crime could be eradicated forever.

    Mr. de Frouville, Committee Chair, said all needed to remember the courageous struggle of the Mothers of Plaza de Mayo, whose actions had led to the development of the Convention.

    The Committee will issue its concluding observations on the report of Malta at the end of its twenty-eighth session, which concludes on 4 April.  Summaries of the public meetings of the Committee can be found here, while webcasts of the public meetings can be found here.  The programme of work and other documents related to the session can be found here.

    The Committee will next meet in public on Friday, 4 April at 5 p.m. to close its twenty-eighth session.

    Report

    The Committee has before it the initial report of Malta (CED/C/MLT/1).

    Presentation of Report

    FIORELLA FENECH VELLA, Office of the State Advocate of Malta and head of the delegation, said the dialogue was an opportunity to reaffirm Malta’s unwavering commitment to the Convention and its unwavering support to the United Nations human rights treaty bodies.  Malta had consistently recognised that enforced disappearance was a crime under customary international law amounting to torture, inhuman and degrading treatment.  The State had classified enforced disappearances as inhumane acts under its umbrella provision of crimes against humanity since its independence in 1964. It also signed in February of last year the Ljubljana-Hague Convention on prosecuting war crimes and genocide, which would help deliver justice to victims of genocide, crimes against humanity and war crimes, facilitating effective international cooperation in domestic investigations and prosecutions.

    Malta’s 1964 Constitution and Bill of Rights, adopted upon Malta’s establishment as a State, enshrined key rights, including the right to life; protection against arbitrary arrest or detention, and inhuman treatment; the right to a fair hearing; and the prohibition of deportation, among others.  The Constitution stipulated that detention could only occur under lawful conditions.  The International Criminal Court Act incorporated international crimes, including enforced disappearances categorised as crimes against humanity, into the State’s law.  Malta had ratified several international treaties aimed at preventing enforced disappearances and protecting human rights, including the European Convention on Human Rights; had ratified several United Nations human rights treaties and their protocols; and had accepted communications procedures under a number of these.  It was constantly reviewing the Committee’s communications procedure and would keep it updated on any developments.

    Combatting trafficking in persons remained a priority for the State.  Malta had launched a national strategy and action plan on combatting trafficking in human beings in Malta (2024-2030), which aimed to strengthen the necessary national framework required to prevent human trafficking, protect victims, and prosecute offenders of this crime.  Anti-trafficking actions were being developed to address root causes, risks, threats, new methods used by traffickers, and demand.  The strategy took a human rights-focused, gender-sensitive, interdisciplinary, and cross-sectoral approach.  The Police, via the Vulnerable Victims Unit, conducted investigations into human trafficking and collaborated closely with the Financial Crime Investigation Department to effectively target traffickers and prevent them from reaping financial gains from their criminal activities.  In 2024, Malta initiated two prosecutions which combined human trafficking charges with money laundering charges, with legal proceedings currently underway.

    Victims of human rights violations – including heirs of individuals subjected to enforced disappearances – were entitled to initiate court proceedings against the State Advocate in the First Hall of Malta’s Civil Court.  An individual could only be presumed dead when their absence had lasted for a continuous period exceeding 10 years.  The Constitutional Court could issue orders to safeguard affected individuals’ rights and ensure that any law, entity or individual, including all State officials, in breach of fundamental human rights were held accountable.  Even the President could face legal action for acts committed outside the scope of functions of the Office. 

    Malta had incorporated effective remedies for victims of human rights violations in its legislation. The State was in full compliance with article 17(3) of the Convention, which mandated that official registers of individuals deprived of liberty were maintained by the appropriate authorities and updated as necessary.

    The establishment of an independent national human rights institution in accordance with the Paris Principles remained a high priority for Malta.  The equality and human rights commission bill had been previously presented to Parliament; however, the legislative process was halted due to the dissolution of Parliament for the 2022 general elections. Since then, efforts were ongoing to further develop the bill to ensure full compliance with the Paris Principles and European Union directives that established minimum standards for equality bodies’ independence, resources and powers.  The proposed institution was conceived to function as an independent, well-resourced, and effective entity to be endowed with the necessary legal mandate to promote and protect human rights fervently.

    Malta was resolutely committed to the promotion and protection of human rights, including related to enforced disappearances, and ensuring justice and accountability.  The State party’s efforts reflected its moral commitment to uphold the dignity and rights of all individuals.

    Questions by Committee Experts

    BARBARA LOCHBIHLER, Committee Expert and Country Rapporteur, said the human rights and equality commission bill, which would establish a national human rights institution, had not yet been enacted.  What parts of the bill were under review and what was the timeline for its adoption? Why had the State party not yet accepted the Committee’s competence to receive individual and inter-State communications?  Had any national courts directly invoked the Convention?  Why had the State party not consulted with civil society organizations in preparing the report?

    FIDELIS KANYONGOLO, Committee Expert and Country Rapporteur, said the emergency powers act empowered the President to make necessary regulations for public safety, health and the defence of Malta in states of emergency.  Had the President ever exercised this power?  Which legal provisions specifically guaranteed non-derogation from legislation stipulating the right of every person to be protected from enforced disappearances during states of emergency?

    Was State legislation in line with article two of the Convention?  What steps had been taken to establish an autonomous offence of enforced disappearance with penalties commensurate to the seriousness of the offence in State legislation?  Did the State party have a law which established its jurisdiction over the offence of enforced disappearance committed outside of Malta when the alleged offender was present in the country, including in cases where the alleged offender was not subject to military law and when the crime was not a crime against humanity?

    There was no up-to-date statistical information available on the number of disappeared persons or persons involved in enforced disappearances in Malta.  What challenges was the State party facing in this regard?  What plans did it have to systematically collect data on enforced disappearances in future?  How many cases of enforced disappearance had been investigated by the State?  What measures had been taken to ensure the impartiality of such investigations and that public officers allegedly involved in the crime did not take part in the proceedings?

    Malta’s whistleblower act offered some degree of protection to whistleblowers and witnesses.  However, it did not extend its protection to members of a “disciplined force”, the Security Service or persons employed in the foreign, consular or diplomatic service of the Government.  What measures were in place to protect such internal whistleblowers and witnesses, as well as relatives of victims and defence counsel? Did the Code of Ethics of Police Officers provide protection to police officers who witnessed acts of violence, inhumane or offensive treatment?

    Had the State party concluded any extradition agreement with other State parties?  Had it participated in mutual legal assistance and cooperation with other States in respect to offences of enforced disappearances and abduction? Were there any inter-country procedures in place to govern the search for and release of disappeared persons, and the identification and return of their remains in case of death?

    A Committee Expert asked whether the Convention could be directly enforced in Malta.  The State party did not have a stand-alone crime of enforced disappearance.  What mechanisms were in place to harmonise domestic law with the Convention?

    Another Committee Expert asked about plans to involve civil society in the development of State party reports.

    Responses by the Delegation

    The delegation said Malta had no reported cases of enforced disappearance and the State maintained a robust legal framework to prevent occurrences of enforced disappearance. The Criminal Code classified enforced disappearance as a crime against humanity.  It was in line with article two of the Convention.  All cases of suspected enforced disappearance and missing persons were treated with the highest priority by the police and promptly investigated.  Authorities immediately checked detention records after reports of missing persons. Investigations utilised a range of forensic techniques and legal electronic surveillance tools.  In cases of cross-border activities, the State party engaged with Interpol in investigations.  The police compiled a centralised system containing all reports of missing persons and disappearances, which was used to track searches and investigations.

    Several oversight mechanisms were in place to investigate alleged human rights violations by State officials, including the police’s internal investigation unit.  The police conducted regular human rights training, which addressed the prohibition of enforced disappearance and arbitrary detention. Early warning mechanisms were in place to identify arbitrary detentions at an early stage.  All persons in police custody needed to be registered in the police detention registry.  The maximum period of police detention, which was 48 hours, could be extended for an equivalent period for serious offences when permitted by a magistrate.

    The Criminal Code stated that detained persons had the right to a lawyer and to communicate with consular authorities if they were foreigners.  When detained persons required an interpreter, one needed to be provided without delay.  Police officers were required to follow the Police Code of Ethics, considering the potential effects of their actions.  They were required to take immediate action to protect people and private property from violence.

    Persons subjected to extradition proceedings had the right to engage with lawyers and to appeal extradition decisions.  Malta had the competence to try cases of enforced disappearance that were crimes against humanity committed inside and outside of Malta.  When unable to extradite a person accused of enforced disappearance, the State had the competence to prosecute the person domestically.  Malta had colonial-era extradition agreements with the United States, Tunisia, Libya and Egypt.  It was bound by the European Convention on Extradition, which superseded any provisions implemented by bilateral agreements.  There had been no cases of extradition of persons accused of enforced disappearance, but there were cases related to abduction and trafficking in persons.

    Detention services had a central registry of detentions.  All immigration detentions and involuntary admissions to psychiatric institutions were registered.  Persons under arrest could challenge the lawfulness of their detention at any time. The detention of persons in places that were not classified as prisons was an offence.  Police investigations into trafficking cases checked for enforced disappearance.  Persons who had conspired to commit enforced disappearance were prosecuted.  All public officers accused of enforced disappearance or abductions were immediately suspended and were not involved in searches or investigations.

    Maltese law was derogable; Parliament had the power to change national laws, except for the Constitution.  All directives given by the President needed to be in line with the Constitution, which prevailed in cases where domestic legislation conflicted with it.  Parliament could not make amendments to laws without reaching a two-thirds majority, meaning that the ruling party could not impose laws on its own.

    The bill establishing the national human rights institution had been suspended in 2022 due to the general election and assessment of it had started afresh.  Malta was not able to provide a date for the enactment of the bill. There were no civil society organizations active in the field of enforced disappearance in Malta.

    Questions by Committee Experts

    FIDELIS KANYONGOLO, Committee Expert and Country Rapporteur, asked about the State party’s jurisdiction over enforced disappearances that did not amount to crimes against humanity.  Suspensions could be imposed by the heads of government departments in cases of allegations against inferiors.  Were there provisions that ensured that heads of departments exercised this discretion from the beginning of investigations and for their entire duration?  To what extent did domestic legislation address concealment of the fate or whereabouts of disappeared persons?  To what extent was the State obliged to investigate when enforced disappearance was perpetrated by non-State actors?  Was the right to be protected from enforced disappearance derogable in Malta?  Could persons be extradited to places where they could be subjected to enforced disappearance?  Were police officers who reported enforced disappearances to persons other than their superior officers protected under whistle-blower legislation?

    BARBARA LOCHBIHLER, Committee Expert and Country Rapporteur, said enforced disappearances related to issues such as trafficking in persons and migration. Why were civil society organizations that dealt with these issues not involved in preparing the State party’s report?

    Another Committee Expert asked if State legislation addressed the act of aiding and abetting the crime of trafficking in persons.  There were barriers to enforced disappearance being invoked as grounds for an extradition in Malta due to the principle of double jeopardy, which required both the extraditing and receiving States to have the same laws on the crime.  How would the State party address this issue?

    A Committee Expert asked if the Executive, the Attorney General, non-governmental organizations or private individuals had the power to develop legal norms that could be assessed and approved by the legislature.

    One Committee Expert said the Committee was delighted that Malta had never recorded cases of enforced disappearances, but the Convention required that the State party set up legal mechanisms, including a stand-alone offence of enforced disappearance, that would allow it to deal with enforced disappearances that could occur on national territory in future.

    Responses by the Delegation

    The delegation said the State party criminalised all elements of the crime of enforced disappearance, though it did not have a stand-alone crime of enforced disappearance or plans to create one. The State party could prosecute all cases of enforced disappearance occurring on its territory.  The emergency powers of the President had never been applied.  The delegation was unable to provide a timeline for the adoption of the bill establishing the national human rights institution.

    There were no bilateral agreements that Malta had concluded that addressed enforced disappearances.  Acts that constituted offences to the laws of Malta were extraditable offences.  Double criminality was adopted in most extradition cases.  When offences listed as grounds for extradition in a foreign State’s extradition request were not included in Malta’s laws, the State party was obliged to indicate an applicable domestic law.  How certain countries interpreted trafficking in persons crimes could differ, which could lead to complications.  The State party needed to do its best to find common ground between jurisdictions in cases of this kind.

    Comprehensive witness protection measures were in place.  Witnesses whose safety was at risk were entitled to identity changes and relocation measures.  Punishments could be mitigated based on witnesses’ cooperation.

    When there were allegations against a police officer, the officer involved was immediately suspended.  When a civil servant under suspicion of having committed a crime was suspended, they could appeal their suspension with the civil service complaints authority.

    Malta was a Westminster democracy, so the Executive could not submit draft laws for consideration, but citizens could.

    State laws addressed aiding and abetting crimes of human trafficking and abduction, including financing and supporting the crime and making use of products obtained through the crime of trafficking in persons.

    Questions by Committee Experts

    BARBARA LOCHBIHLER, Committee Expert and Country Rapporteur, asked about mechanisms applied prior to an extradition to assess whether persons could be at risk of enforced disappearance.  Did registers of detained persons include all the details required by the Convention? Were registers regularly updated? Had the State party revised its legal definition of “places of deprivation of liberty” in line with the recommendation of the Sub-Committee for the Prevention of Torture

    Malta’s policies and practices reportedly increased the risk of enforced disappearances of migrants and victims of trafficking.  Tactics of non-assistance or delay in assistance to migrants and refugees in distress at sea, as well as pushbacks to Libya, violating the non-refoulement principle, had led to deaths and disappearances of migrants at sea.  The widespread use of immigration detention and alleged episodes of violence in pre-removal detention centres also continued to be a human rights concern in Malta.  The State party had been called on to stop pushbacks at sea to Libya, which could not be considered a safe space.  Refugees in Libya were reportedly kept in appalling conditions, and exposed to abuse, extortion, abduction and human trafficking.  What measures had the State party taken to prevent disappearances of migrants and dangerous pushbacks at sea?  Malta had had a Memorandum of Understanding with Libya since 2020 that included the funding of two coordination centres in Libya.  What were the contents of this memorandum and how did it prevent migrant pushbacks? 

    Open centres for migrants in Malta reportedly lacked space, forcing the State party to place migrants in detention centres.  Could the delegation update the Committee on this practice?  Were there migration detention facilities that were not operated by the detention service?  What progress had been made in establishing a central register for detained migrants? How long was the maximum and minimum period of migrant detention?  Could data on the nationality of detained migrants be provided?  What was the timeline for extending the mandate of the national preventive mechanism?

    Did the content of training activities referred to in the reply to the list of issues address the Convention? Was the State party planning on providing human rights training to medical personnel in prisons, members of the judiciary, immigration personnel and social workers?  Would training address illegal intercountry adoptions?

    Did national laws place a time limit on access by victims of enforced disappearance and their relatives to reparation?  Did laws address victims’ relatives’ rights to information and property?

    What policies and measures had been taken to protect children, particularly unaccompanied minors, from enforced disappearances in the context of migration and trafficking?  Could the delegation provide figures on trafficking of children?  How had the State party’s policies on illegal intercountry adoption developed, taking into account international norms on the practice?

    FIDELIS KANYONGOLO, Committee Expert and Country Rapporteur, said the State party’s obligations under the Convention still existed, although there were no recorded cases of enforced disappearance in the State.  Were there plans to expand the definition of “victims” in Malta’s victims of crime act to align it with article 24 of the Convention, particularly to include family members of individuals who had suffered harm as a result of enforced disappearances that had not directly caused deaths?  What measures were in place to provide victims’ relatives the right to know the progress of investigations and the fate of disappeared persons, and the right to be returned remains in cases of death?  Did relatives have the right to various forms of reparation, including restitution, rehabilitation, and guarantees of non-repetition?  Were there laws that obliged the State to continue the investigation of cases until the fate of the disappeared person had been clarified?  Had measures been taken in law and practice to guarantee the right of people in Malta to establish and participate freely in associations attempting to establish the fate of disappeared persons and to assist victims and relatives?

    Another Committee Expert asked how detained persons were informed of their rights, including their right to counsel? How were women and children protected in cases of enforced disappearance?

    Responses by the Delegation

    The delegation said no person was to be subjected to inhumane or degrading treatment or punishment during extradition proceedings.  Persons were not to be returned if they could be subjected to inhumane treatment or other human rights violations.  Under European arrest warrant laws, the State was bound by a 10-day surrender period, during which time persons subjected to extradition proceedings could appeal the extradition.  Last year, a judgement was made by the Court of Criminal Appeal deciding to prevent the extradition of a person to Romania due to deficiencies in prison conditions in that State.

    Malta was in the process of amending the whistleblowers act so that whistleblowers who were members of the disciplinary forces and other persons would be protected under the act.

    Malta’s laws on trafficking in persons were in line with international norms and ensured protection for vulnerable groups, including women and children.  The victims of crime act ensured that victims had access to legal aid, psychological support and shelter, and granted them the right to be informed about the progress of legal proceedings. The Malta police had a unit for investigating trafficking and non-governmental organizations provided shelters and support for victims.  Training was provided to police on identifying victims of trafficking.  The State party had ratified several international norms on trafficking, including the Palermo Protocol.

    Records of immigration detention were kept in an online database that relevant State authorities could access.  Data was recorded upon admission to migrant facilities.  Many police officers had participated in training courses addressing human rights, investigating missing persons, and victim and witness protection.

    The judiciary had received training on the rights of victims, including to access compensation and justice.  The definition in the victims of crime act was not the only definition of a “victim” in State legislation.  Victims had the right to be understood, and were informed about the protection and legal aid measures they were entitled to and methods of accessing compensation. There were many avenues to compensation under Malta’s legislation, including provisions in the Criminal Code addressing compensation and a process for obtaining compensation for civil cases. Agencies had been established to ensure victims received timely individual assessments regarding the support measures they were entitled to.  The State party prioritised the protection of vulnerable victims and victims of serious crimes, guarding against intimidation and reprisals against victims.  Child victims testified to magistrates in separate rooms to trial rooms to prevent traumatisation.

    Migration remained a challenge for Malta, as the State was located on a major migration route. It had saved several migrants at sea over the past 20 years.  The United Nations High Commissioner for Refugees had assisted the State party to improve its asylum system and to establish services such as migrant health services and return counselling.  The State party was dedicated to meeting its human rights obligations regarding migrants, to providing protection to those who needed it, and to returning other migrants in a safe and humane manner.  Maltese authorities acted on distress calls at sea in accordance with relevant international laws. 

    Malta had not engaged in any pushbacks to Libya and there had been no occurrences of collective expulsions.  The Government signed a memorandum of understanding with Libya in 2020 on setting up coordination centres in Tripoli and Malta to improve reception of migrants and combat trafficking in the region.  Libyan authorities needed to be given the necessary resources to combat migrant smuggling.  The memorandum of understanding had led to reduced loss of life in the Mediterranean region.

    The detention of migrants was enforced on clear legal grounds.  Detention orders were issued following individual assessments and only as a last resort.  Such orders were subject to an automatic review and subsequent reviews every 14 days. Migrants were notified of removal decisions verbally and in writing.  Removal orders provided explanations of the reasons for the order and options for voluntary removals.  All return activities were monitored by an independent monitoring board. Free legal aid and interpretation services were provided in legal proceedings on removals.

    All unaccompanied minors were protected by care orders issued by the courts.  They were cared for by the agency for the welfare of asylum seekers, which collaborated with the police force and reported signs of trafficking and risks of minors leaving the country without consent.

    Overcrowding in detention and open centres had not been a problem since 2021.  Malta’s open centre was closed in 2020 due to the COVID-19 pandemic.  The centre was reopened in 2021 and an additional centre was constructed, resolving the problem.  The current occupancy rate in detention centres was less than 30 per cent. Violence in detention centres was not an issue.  Independent correctional centre monitoring boards had been appointed as the State’s national preventive mechanism.  These boards submitted regular reports to the State regarding conditions in detention centres.

    The legal status of victims of enforced disappearance was defined in the Civil Code, which specified that the assets of such persons were managed by curators who were appointed by the courts.  There were safeguards on victims’ assets.  Courts ensured the protection and supervision of unattended children. The directorate for child protection services operated a children’s house and had powers to carry out and request investigations into cases of violations of children’s rights.

    The Constitution provided for freedom of association.  Any person was entitled to associate regarding issues of enforced disappearance.  No legislation could restrict the freedom of association of any person.

    Questions by Committee Experts

    BARBARA LOCHBIHLER, Committee Expert and Country Rapporteur, said the State party had formed a further memorandum of understanding with Libya in 2024.  Did it address the prevention of enforced disappearance?  Some persons employed by the Libyan Coastguard were reportedly themselves involved in trafficking in persons.  How did the State party respond to these reports?  How did it respond to reports that Maltese authorities had failed to rescue over 200 migrants whose vessel sank in the Mediterranean in 2013?  Did migrants deprived of liberty have the right to a lawyer?  Did the State party address the situation of potentially disappeared persons in its work on locating missing migrants?  Had the State party referenced the Committee’s general comment on illegal intercountry adoptions in its regulations on the practice?

    FIDELIS KANYONGOLO, Committee Expert and Country Rapporteur, asked about amendments being contemplated for the whistleblowers act and the potential timeline for their adoption.  Did registers of persons deprived of liberty include all details stipulated in article 17 (3) of the Convention?  Were the State’s registers interconnected and interoperable?  Did the State’s various definitions of “victims” reflect the breadth of the definition of victims in article 24 of the Convention?  Were victims entitled to compensation and remedies as broadly defined in article 24 (5)?  Mr. Kanyongolo appreciated the details provided by the delegation regarding Malta’s legislation.

    Another Committee Expert said the State party had proceedings to declare absences and deaths. What procedure was used to declare disappearances?

    Responses by the Delegation

    The delegation said that when a person was charged with a criminal offence, victims could participate in criminal proceedings and could file a petition to claim compensation. The Criminal Code included a compensation scheme.  Under Maltese law, victims could also file actions against the Government before the Civil Court requesting damages.  Damages were timebound and could be renewed after certain periods.  In cases where breaches of human rights were found, courts could grant pecuniary and non-pecuniary damages.  Victims also had the right to file applications for reparation with the Constitutional Court and the European Court of Human Rights.

    Adoptions were regulated by State laws and there was an authority that oversaw adoptions, including intercountry adoptions, to ensure that they were legal.

    Migrants were granted the same rights as other individuals in criminal proceedings, including the right to a lawyer, the right to contact family members, and the right to medical assistance as required.  They were given information on their rights upon detainment in a language that they understood.

    The memorandum of understanding with Libya had been renewed in 2024 with the same terms and conditions of the previous one.  It aimed to dismantle trafficking activities and prevent the loss of life of migrants at sea.  When the State party received requests for information on missing migrants at sea, responsible authorities conducted necessary investigations.  Malta abided by its international obligations and had never relinquished a search case for migrants in distress at sea.

    Amendments to the whistleblower act were still in the drafting stage and the delegation could not provide a timeline for its adoption.

    Malta was in full compliance with article 17 (3) of the Convention.  Registers of detained persons were maintained by authorities and updated as necessary.  They included the detainees’ personal details, and the time of and reason for arrest, among other details.  Registers were regularly reviewed to ensure compliance with domestic and international norms.

    The Civil Code defined the process for declaring absences.  Disappeared persons could be declared as absentees.  Presumptive heirs of absentees could file petitions to courts to obtain their assets.  The will of the absentee was opened after 10 years of absence, and courts determined who received assets in cases where the absentee had not made a will.

    Closing Remarks

    OLIVIER DE FROUVILLE, Committee Chair, thanked the delegation for the dialogue.  The Committee would prepare concluding observations based on the topics discussed and call on the State party to report on implementation of these concluding observations after a certain period.  The Committee would decide whether or not to hold a follow-up dialogue with Malta based on its assessment of this report.  The State party and the Committee’s common goal was to ensure the implementation of the Convention.  Mr. de Frouville called on Malta and other States that had ratified the Convention to petition States that had not ratified to do so.  The Committee looked forward to continuing to work with Malta in future.

    FIORELLA FENECH VELLA, Office of the State Advocate of Malta and head of the delegation, said the delegation had engaged fully with the Committee in the dialogue.  The Committee had posed pertinent questions related to the implementation of the Convention.  The dialogue was an essential component for further strengthening Malta’s implementation and for strengthening protections for rights holders in the State.  Malta had never implemented policies that had amounted to enforced disappearance, a reflection of its dedication to promoting human rights principles.  The State party would carefully analyse and take into account the Committee’s recommendations in its development of laws and policies.

    Statements Marking the Day of Remembrance for Truth and Justice in Argentina and the International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims

    At the end of the first day of the dialogue, HORACIO RAVENNA, Committee Vice-Chairperson, said that 24 March was a special day in Argentina, the Day of Remembrance for Truth and Justice. Forty-nine years ago today, the armed forces in Argentina initiated a coup against the State’s leadership and imposed a dictatorship.  Several similar coups were also carried out in other countries in South and Latin America. Many political dissidents were killed, arbitrarily detained and subjected to enforced disappearance in this era as part of Operation Condor, and legislation in many countries did not sufficiently address the phenomenon of enforced disappearance.  In this context, the exiled mothers of victims of enforced disappearance led the fight and bravely spoke out, meeting in Paris to discuss the issue, and these discussions led to the development of the Convention, which had been in force for 14 years.  Today, the Committee honoured persons who had passed away and continued to raise public awareness for the next generations, so that the horrendous crime could be eradicated forever.

    OLIVIER DE FROUVILLE, Committee Chair, said today was also, in addition to being the Day of Remembrance for Truth and Justice, the International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims. All needed to remember the courageous struggle of the Mothers of Plaza de Mayo, whose actions had led to the development of the Convention.  They had spoken the truth bravely to combat dictatorships.

     

     

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

     

     

    CED25.007E

    MIL OSI United Nations News

  • MIL-OSI Global: The collapse of Hudson’s Bay signals a turning point for Canadian legacy retailers

    Source: The Conversation – Canada – By Xiaodan Pan, Associate Professor, John Molson School of Business, Concordia University

    Hudson’s Bay Company has begun liquidating all but six of its stores. After the 352-year-old retailer filed for creditor protection amid mounting debt and operational losses in early March, a court gave it permission to start the liquidation process.

    Founded in 1670 as a fur-trading enterprise, Hudson’s Bay grew into one of Canada’s most iconic department store chains. But with nearly all locations set to close by June 30 and its loyalty programs suspended, the future of Hudson’s Bay remains uncertain.

    The retailer’s financial troubles raise broader questions about the viability of traditional department stores in an increasingly fast-paced, digitally driven retail environment.




    Read more:
    Hudson’s Bay liquidation: What happens when a company goes bankrupt?


    Modernization efforts

    In recent years, Hudson’s Bay attempted to modernize by blending its physical retail footprint with a growing digital presence. This included launching a revamped e-commerce platform and creating an online marketplace that allowed third-party sellers to broaden its product assortment.

    In 2021, Hudson’s Bay split its e-commerce and physical store divisions into separate entities: The Bay Online, focused on digital retail, and Hudson’s Bay, dedicated to in-store shopping experiences.

    But despite these efforts, Hudson’s Bay has struggled to differentiate its online platform in an overcrowded and highly competitive digital landscape, all while maintaining its physical presence.

    The rise of off-price retailers

    In sharp contrast to the struggles of legacy department stores, off-price retailers such as Winners, Marshalls and TJ Maxx continue to thrive. Their success is largely due to their ability to attract consumers across a wide range of income levels by offering brand-name merchandise at large discounts.

    In Canada, Winners alone has expanded to more than 300 stores nationwide, while Marshalls has added more than 100 locations. Combined, they significantly outnumber Hudson’s Bay’s approximately 80 stores.

    Off-price retailers have also gained a competitive edge through real estate choices, favouring open-air shopping centres and strip malls that provide greater accessibility and ample parking, which are benefits that many Hudson’s Bay urban locations lack.

    The off-price model thrives on an ever-changing merchandise mix. Buyers continuously source fashion, designer labels and home goods from a broad spectrum of vendors. This approach keeps assortments fresh and also ensures fast inventory turnover, reducing holding costs and supporting lower prices.

    This retail model has demonstrated resilience across economic cycles. In times of inflation or financial uncertainty, foot traffic to off-price stores typically increases as consumers become more price-sensitive — further eroding the market share of traditional department stores.

    The pressures from digital retailers

    The rapid rise of e-commerce has presented a significant challenge for traditional department stores. Over the past decade, online shopping in Canada has grown substantially, with monthly online retail sales surpassing three billion Canadian dollars.

    E-commerce now accounts for 11 to 12 per cent of total retail sales, with categories like fashion, hobby and leisure, electronics and furniture and home goods accounting for around 75 per cent of all retail e-commerce sales in Canada.

    In the general merchandise space, Amazon controls more than 40 per cent of Canada’s e-commerce market. Retail giants like Walmart and Costco have also expanded their digital capabilities. These players undercut the traditional value proposition of department stores.

    The large investments required in distribution capabilities has made it increasingly difficult for smaller competitors, such as Hudson’s Bay, to match the delivery speeds and product assortments of these retail heavyweights.

    In niche merchandise categories, specialized retailers have also chipped away at department stores’ customer bases. Sephora and Shoppers Drug Mart dominate the beauty and personal care market, while Lululemon, Nike and Zara rank among the top online stores in fashion.

    Ikea, Wayfair and other direct-to-consumer brands lead the online home goods and furniture market, while Canadian-based Holt Renfrew and France-based LVMH are both leaders in the luxury market.

    Adding to the challenge are international digital disruptors such as Shein and Temu, which have have rapidly gained ground in Canada. In 2023, Shein led the country’s online fashion segment with e-commerce net sales of approximately US$1.4 billion.

    Temu — an ultra-low-price platform that entered Canada in 2023 — became the country’s most-downloaded iPhone app by the end of 2024. These platforms are challenging legacy retailers by offering aggressive pricing, free shipping and vast product assortments.

    Pathways to reinvention

    With almost all of its stores closing and its loyalty programs suspended, the future of Hudson’s Bay is in question. While its brand recognition remains strong, it’s unclear whether it will be able to come back from the brink it’s now on.

    For any struggling legacy retailer looking to survive in today’s evolving market, reinvention is essential. Department stores and legacy retailers will need to reinvent themselves across five key dimensions:

    1. Reposition the brand: Canadian retailers can redefine their core value propositions, emphasizing what makes them unique. Their uniqueness may lie in their Canadian heritage, for instance. Brands like Roots and Canada Goose have been successful with this strategy.

    2. Rethink retail formats: The age of downtown retailing continues to fade, especially as remote work reduces foot traffic in urban centres. Large-scale covered malls are also declining, given the demise of anchor department store retailers and the rise of e-commerce. Canadian retailers should explore alternate formats, such as neighbourhood-based, category-specific outlets tailored to community preferences.

    3. Optimize physical presence: Strategic location decisions are crucial. Physical retailers must right-size their physical footprints — closing underperforming locations while reinvesting in high-traffic, high-return outlets. Future expansion should favour asset-light, data-informed models based on actual consumer demand.

    4. Improve in-store experiences: To draw customers back into stores, shopping must become experiential. Immersive displays, personalized service and community-centric events could make a visit to a physical store more memorable and engaging for customers.

    5. Integrating physical and digital channels: A cohesive digital and physical strategy is essential. Technologies such as augmented reality fitting rooms, virtual showrooms, click-and-collect options and AI-powered personalization could bridge the gap between online and in-store shopping.

    A defining moment for Canadian retailers

    Canadian retailing stands at a pivotal crossroads. The collapse of legacy department stores, the dominance of e-commerce giants and the rise of off-price and digital-first competitors all signal a permanent shift in how consumers shop.

    A long legacy alone does not secure survival. As seen with the collapses of Sears, Eaton’s and now Hudson’s Bay, failure to adapt can lead to obsolescence. The retail landscape is now defined by agility, innovation and the ability to meet consumers where they are.

    For retailers still standing, the lesson is clear: nostalgia is not a business model. Shoppers are now more price-conscious, convenience-driven and digitally engaged than ever before. Companies unwilling or unable to evolve will likely face the same fate as the retail giants that came before them.

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

    ref. The collapse of Hudson’s Bay signals a turning point for Canadian legacy retailers – https://theconversation.com/the-collapse-of-hudsons-bay-signals-a-turning-point-for-canadian-legacy-retailers-252705

    MIL OSI – Global Reports

  • MIL-OSI Global: The Secret Garden by Frances Hodgeson Burnett was an early work of climate fiction

    Source: The Conversation – UK – By Davina Quinlivan, Lecturer in English and Creative Writing, University of Exeter

    I grew up in a mixed-heritage family. Both of my parents’ childhoods were deeply affected by colonialism in India and they often told me stories about this period in their lives. As a result, I inherited a sense of place and a feeling for a country which was never my home.

    It’s a strange feeling, which I still struggle to put into words, though I tried in my memoir, Shalimar: A Story of Place and Migration, which holds at its heart the sensation and imagery of India’s climate and its wildlife. India, for me, will always coexist with English weather and the roses my father tended to in our modest, suburban home in Hayes, west London.

    While we now have beautifully written, tender children’s books which address colonial history, from Nazneen Ahmed Pathak’s City of Stolen Magic (2023) to Jasbinder Bilan’s Nush and the Stolen Emerald (2024), The Secret Garden still holds a powerful spell over me. That’s because of its representation of nature and its use of fiction to tell a story about England and India, two countries brought together through the healing space of the garden.

    I believe that re-contextualising A Secret Garden as an early work of climate fiction – a type of storytelling that imagines how climate change could shape our world – is an apt way to rethink this classic tale.


    This article is part of Rethinking the Classics. The stories in this series offer insightful new ways to think about and interpret classic books and artworks. This is the canon – with a twist.


    Published in 1911, The Secret Garden unfolds against the backdrop of the fictional Misselthwaite Manor and its walled garden on the Yorkshire Moors.

    While Yorkshire and its thick sheets of rain, enveloped in mist and fog, is portrayed vividly by Hodgeson Burnett, the ghostly heat and skies of India are also woven throughout the book’s micro-climates. Hodgeson Burnett’s attention to nature is masterful and magical:

    One knows it sometimes when one gets up at the tender solemn dawn-time and goes out and stands out and throws one’s head far back and looks up and up and watches the pale sky slowly changing and flushing … And one knows it sometimes when one stands by oneself in a wood at sunset and the mysterious deep gold stillness slanting through and under the branches seems to be saying slowly again and again something one cannot quite hear, however much one tries.

    The climates of India and Yorkshire blur into a new reality when seen through the eyes of the book’s central protagonist, the recently orphaned Mary Lennox. She is sent to live with her uncle after her parents die of cholera in colonial Calcutta.

    Wilful and fiery, Mary’s grief and rootlessness seems to be unending until she follows a twitching robin into a walled garden. There she befriends other children including her cousin Colin, who uses a wheelchair, and the gardener, Weatherstaff.


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    The hidden sanctuary and wonder of the garden is intertwined with Mary’s inner world and her search for solace after the loss of her parents. Her resilience thrives and blooms, particularly when she becomes a storyteller and draws the other children into this secret place through her tales of adventure.

    Here, the telling of the “story” of the garden is as important as the experience of the garden itself. This is where fiction does its work – we need stories like this to recover a sense of care in times of ecological crisis.

    Last year saw the launch of the Climate Fiction Prize, a vital endeavour to specifically support literary fiction as a cultural form which permits writers the freedom to imagine alternative paths for human existence. The Secret Garden is a work of such imagination, of transformation from otherwise impossible states of crisis and inertia.

    Beyond the Canon

    As part of the Rethinking the Classics series, we’re asking our experts to recommend a book or artwork that tackles similar themes to the canonical work in question, but isn’t (yet) considered a classic itself. Here is Davina Quinlivan’s suggestion:

    Shaun Tan’s Tales From the Inner City (2018) is a beautiful and extremely moving collection of illustrated, eco-centric stories exploring the relationship between humans and animals in urban environments.

    Tan is well known for his elegiac and often uncanny, playful storytelling and Tales From the Inner City skilfully braids these aesthetic values with a powerful message of hope and compassion for the wild and domestic creatures we share our world with. While there is no explicit reference to the climate crisis, Tan’s exquisite images illustrate stories of kinship between humans and dogs, snails, whales, pigeons, cats and tigers – all bound to each other as intertwined species.

    Set within cities, the wild beauty of each animal seems enlarged, as does the poignancy of each story, reminding us of what we have to lose. Some of the creatures literally morph into giant versions of themselves, eerie against Tan’s various backdrops of urban space. In one story, two tiny humans are seen being carried through stormy waters, perched between the ears of an enormous cat. It’s an indelible image of hope and survival in the wake of environmental devastation. Tan’s imaginative power is utterly extraordinary.

    Davina Quinlivan is an AHRC-funded StoryArcs Fellow based in the Department of English and Creative Writing at The University of Exeter. She is also an Artistic Lead with Emblaze, an imprint of Paper Nations. Paper Nations is an award-winning creative writing incubator illuminating stories of colour in the South West, funded by Arts Council England and produced by The Story Society, Bath Spa University.

    ref. The Secret Garden by Frances Hodgeson Burnett was an early work of climate fiction – https://theconversation.com/the-secret-garden-by-frances-hodgeson-burnett-was-an-early-work-of-climate-fiction-250338

    MIL OSI – Global Reports

  • MIL-OSI Africa: Motsoaledi to open second G20 Health Working Group meeting in KZN

    Source: South Africa News Agency

    Health Minister Dr Aaron Motsoaledi will deliver the keynote address at the opening of the second meeting of the Group of Twenty (G20) Health Working Group on Wednesday.

    The meeting will take place at the Capital Zimbali Resort in Ballito, KwaZulu-Natal, and will last for three days. 

    The theme of the meeting will be “Accelerating Health Equity, Solidarity, and Universal Coverage”.

    Motsoaledi will be joined by Deputy Health Minister Dr Joe Phaahla, KwaZulu-Natal Premier Thami Ntuli, and KwaZulu-Natal Health MEC Nomagugu Simelane.

    The event will also include several side events that provide a platform for delegates to engage in bilateral and multilateral discussions on various critical issues, including strengthening health systems and promoting equitable access to health services. 

    Key issues for discussion during the meeting and side events include financial protection for universal health coverage (UHC) and maintaining health financing amid a challenging global economy. 

    The meeting will also zoom into strengthening investments and advancing UHC, bridging the equity gap to accelerate action to address the burden of non-communicable diseases, and responding to the global health financing emergency. 

    The Department of Health has announced that a co-sponsored event focused on the elimination of cervical cancer will take place alongside this meeting. 

    Delegates from G20 countries, invited nations, representatives, and international organisations will be in attendance. 

    South Africa holds the G20 Presidency from 1 December 2024 to 30 November 2025, only five years before the deadline of the United Nations (UN) 2030 Agenda. South Africa has embraced the theme “Solidarity, Equality, Sustainability” for its G20 Presidency. 

    The G20 comprises 19 countries including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, and the United States and two regional bodies, namely the European Union (EU) and the African Union (AU). 

    The first virtual G20 Health Working Group meeting was held in January as part of the country’s G20 Presidency activities planned for this year. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI United Kingdom: Leicester’s newest free festival brings Romans, St George, dragons and a giant forum to the city

    Source: City of Leicester

    MEET a fire-breathing dragon, learn to march like a Centurion and help to recreate the entrance to a Roman Forum by taking part in Leicester’s newest free festival next month!   

    The Old Town Festival on 26 & 27 April will incorporate traditional festivities for St George’s Day and a celebration of the city’s fascinating Roman heritage.

    Centring on Jubilee Square and the Old Town area of the city centre, the free festival will also feature an urban mosaic workshop at the Guildhall, a living history Roman camp, an artisan craft market and themed storytelling aboard the children’s bookbus.

    Hands-on archaeology, Roman theatre, craft activities and Morris dancing will also be on offer, along with face-painting and a dress-up booth so that young festival-goers can become gallant knights, fearsome dragons or magical maidens!

    A fire-breathing dragon will be on the loose in Cathedral Gardens, alongside stilt-walking jesters, magical wizards and a trio of clumsy knights taking on daring quests. Over at Jubilee Square, you can take part in Roman warrior training, where you can learn to march like a legionnaire, wield a sword like a true centurion, or raise a shield to victory.

    Assistant city mayor for leisure and culture Cllr Vi Demspter said: “The Old Town Festival is a new event for 2025, bringing together our traditional St George’s Day celebrations and Leicester’s rich 2,000-year history and Roman heritage.

    “There are lots of great free activities to take part in, and it’s all taking place in our historic Old Town.

    “As well as activities for kids and families, there is also a fantastic programme of trails, talks and debates about the Roman world, meaning that this promises to be a really inclusive and exciting festival with something for everyone.”

    There’s the chance to get involved in the week running up to the festival, too. The Haymarket shopping centre will be hosting a day of free fun on Thursday 24 April, with a dragon on the loose, mosaic and toga making, and fun arts and craft activities.

    And there will be something never before seen in Leicester!  At Highcross from 21-25 April, renowned French artist Olivier Grossetête will recreate a huge life-size construction of a lost piece of the city’s history using just cardboard and tape.

    St George and the dragon

    Image: A. Lyleire

    Image: Tynesight media

    Graham Callister, head of festivals and events at Leicester City Council said: “With your help, we’ll rebuild the grand entrance to the Roman Forum as it may have looked in the 2nd and 3rd centuries. This monumental and unique project combines history, art, and community spirit.

    “Over five days, there will be 10 hands-on workshops at the Highcross Shopping Centre. Then, on Saturday 26 April, participants and passers-by will come together to assemble the structure at Jubilee Square, the site of the original Roman Forum. The following day, Sunday, 27 April, festival-goers will help bring the project to a dramatic close by dismantling it. We’re inviting everyone to participate in the workshops, build and demolition!”

    Support for the Old Town festival has come from the council’s partners BID Leicester, Global Streets, Arts Council England, Highcross Leicester, Haymarket Shopping Centre and Hidden Histories.

    Simon Jenner from BID Leicester said: “The Old Town Festival is a fantastic opportunity to celebrate Leicester’s rich history while bringing exciting, free experiences to the city centre. Events like this create a real buzz, attracting visitors and benefiting local businesses. The festival will shine a spotlight on the city’s Roman past, with an incredible recreation of Leicester’s historic Roman Forum by renowned artist Olivier Grossetête, built entirely from cardboard with the help of the public. We’re proud to support a festival that brings our heritage to life in such an engaging and interactive way.”

    The workshops are suitable for anyone aged 9+. To reserve a place, email festivals@leicester.gov.uk

    To find out more, see www.visitleicester.info

    Festival brochures will also be available soon from the Visit Leicester information centre, within the KRIII Visitor Centre at 4A St Martins, Leicester, LE1 5DB.

    ENDS 

    Main image: Artist Olivier Grossetête’s creation at NOVUM Newcastle Summer Festival 2023, photo by Tynesite Media

    MIL OSI United Kingdom

  • MIL-OSI: SA: Disclosure of trading in own shares (excluding the liquidity agreement) made on March 17, 2025 to March 21, 2025

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Disclosure of trading in own shares (excluding the liquidity agreement) made on March 17, 2025 to March 21, 2025

    Paris, 25 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
    17/03/2025 9,000 16.9793 € 152,813 € XPAR LTIP
    18/03/2025 9,000 17.2133 € 154,920 € XPAR LTIP
    19/03/2025 9,000 17.4057 € 156,651 € XPAR LTIP
    20/03/2025 9,000 17.4598 € 157,138 € XPAR LTIP
    21/03/2025 9,000 17.5953 € 158,357 € XPAR LTIP
    Total 17/03/2025 – 21/03/2025 45,000 17.3307 € 779,880 €   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: Viridien Announces Issuance of Senior Secured Notes and Completion of Conditions for Redemption of Existing Notes

    Source: GlobeNewswire (MIL-OSI)

    Paris, France – March 25, 2025

    On March 25, 2025, Viridien successfully settled its issuance of $450 million in aggregate principal amount of 10% Senior Secured Notes due 2030 and €475 million in aggregate principal amount of 8.5% Senior Secured Notes due 2030 (together, the “Notes”). The Notes will be guaranteed on a senior secured basis by certain subsidiaries of Viridien.

    Viridien also entered into a $125,000,000 super senior Revolving Credit Facility Agreement (the “RCF”) secured by the same security package as the Notes. No drawings have been carried out under the RCF save for part of an ancillary guarantee facility

    The issuance of the Notes was a condition to the redemption by Viridien of all its senior secured notes due 2027 (the “Existing Notes”). That condition has now been satisfied.

    The net proceeds from the issuance have been used, together with cash on hand, to satisfy and discharge today and subsequently redeem on April 1, 2025 in full the Existing Notes and to pay all fees and expenses in connection with the foregoing.

    About Viridien

    Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,400 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).

    Contacts

    This press release may include projections and other “forward-looking” statements within the meaning of United States federal securities laws. Forward-looking statements include, among other things, statements concerning the business, future financial condition, results of operations and prospects of Viridien S.A., including its affiliates. These statements usually contain the words “believes”, “plans”, “expects”, “anticipates”, “intends”, “estimates” or other similar expressions. For each of these statements, you should be aware that forward-looking statements involve known and unknown risks and uncertainties. Any such projections or statements reflect the current views of Viridien S.A. about future events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.

    This press release does not constitute an offer to sell nor a solicitation of an offer to buy securities. There will not be any sale of these securities in any such state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or country. The distribution of this press release may, in certain jurisdictions, be restricted by local legislations. Persons into whose possession this press release comes are required to inform themselves about and to observe any such potential local restrictions.

    The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no offering of securities to the public in France or the United States.

    No action has been, or will be, taken in any jurisdiction (including the United States) by Viridien S.A. that would result in a public offering of the Notes or the possession, circulation or distribution of any offering memorandum or any other material relating to Viridien S.A. or the Notes in any jurisdiction where action for such purpose is required.

    MIFID II product governance / Professional investors and ECPs only target market – Solely for the purposes of each manufacturer’s product approval process, the target market assessment in respect of the securities has led to the conclusion that: (i) the target market for the securities is eligible counterparties and professional clients only, each as defined in Directive (EU) 2014/65/EU, as amended (“MiFID II”); and (ii) all channels for distribution of the securities to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the securities (a “distributor”) should take into consideration the manufacturers’ target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the securities (by either adopting or refining the manufacturers’ target market assessment) and determining appropriate distribution channels.

    The securities are not intended to be offered, sold, distributed or otherwise made available to and are and should not be offered, sold, distributed or otherwise made available to any retail investor in the EEA. For these purposes, a retail investor means a person who is one (or more) of the following: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; or (ii) a customer within the meaning of Directive (EU) 2016/97, as amended or superseded, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129, as amended (the “Prospectus Regulation”). Consequently, no key information document required by the PRIIPs Regulation for offering or selling the securities or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the securities or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.

    UK MIFIR product governance / Professional investors and ECPs only target market – Solely for the purposes of each manufacturer’s product approval process, the target market assessment in respect of the securities has led to the conclusion that: (i) the target market for the securities is only eligible counterparties as defined in the FCA Handbook Conduct of Business Sourcebook (“COBS”), and professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (“UK MiFIR”); and (ii) all channels for distribution of the securities to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the securities (a “distributor”) should take into consideration the manufacturer’s target market assessment; however, a distributor subject to the FCA Handbook Product Intervention and Product Governance Sourcebook (the “UK MiFIR Product Governance Rules”) is responsible for undertaking its own target market assessment in respect of the securities (by either adopting or refining the manufacturer’s target market assessment) and determining appropriate distribution channels.

    The securities are not intended to be offered, sold, distributed or otherwise made available to and should not be offered, sold, distributed or otherwise made available to any retail investor in the United Kingdom (“UK”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”); (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (as amended, the “FSMA”) and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) a person who is not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA. Consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) Consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) for offering or selling the securities or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the securities or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.

    In the United Kingdom, this press release is directed only at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) of the Financial Promotion Order or (iii) are other persons to whom it may lawfully be communicated (all such persons together being referred to as “Relevant Persons”). The issue of the securities is only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire the securities will be directed only to Relevant Persons.

    Attachment

    The MIL Network

  • MIL-OSI Global: How Donald Trump’s trade war against Canada reveals tensions inherent in friendship

    Source: The Conversation – Canada – By Jason Wang, Postdoctoral Fellow, Modern Literature and Culture Research Centre, Toronto Metropolitan University

    In his second inauguration address, United States President Trump began by declaring “the golden age of America begins right now” and closed with, “and our golden age has just begun.” Between these lines, he vowed to “tariff and tax foreign countries to enrich our citizens.”

    Tying his trade policies to dubious claims about fentanyl trafficking and illegal immigration, Trump’s approach appears less about economic strategy and more about asserting dominance. Invoking the language of imperial expansion, he even proposed the idea of making Canada the “cherished 51st state.”

    Historians like American Richard White quickly drew parallels to the 19th-century Gilded Age when robber barons thrived, leaving social inequality in their wake.




    Read more:
    Elon Musk’s bid to take over Twitter recalls the robber barons of the 19th century


    The celebrated Canada-U.S. friendship — further entrenched over the past three decades by the 1989 Canada-U.S. free-trade agreement, cross-border activity and snowbirds wintering in Florida and elsewhere in the U.S. — has long balanced underlying tension stemming from the two nations’ power differences. This alludes to tensions inherent in friendships that have long been explored by philosophers.

    A ‘great relationship?’

    Trump’s recent sweeping tariffs on Canadian imports are only the latest chapter in a long history of economic clashes.

    From the U.S.’s Smoot-Hawley Tariff Act of 1930, which hit Canada hard during the Great Depression, to Richard Nixon’s 10 per cent import surcharge in 1971 and the long fight over softwood lumber that persisted through the early 2000s despite Canada’s favourable World Trade Organization rulings, these conflicts expose the fragility of Canada-U.S. relations. The uneasy reality is that friendship between nations is never as stable as it seems.

    The trade war has triggered a wave of cultural and economic nationalism in Canada that has gone beyond the “Buy Canadian” movement. At the National Ballet of Canada’s Swan Lake, recently, a stirring rendition of O Canada brought the audience to its feet.

    Chrystia Freeland, now minister of transport and internal trade, voiced the nation’s outrage on CNN: “Canadians are angry,” she said, condemning the tariffs as a betrayal of what she called the “great relationship.”

    Friendship ideals and power dynamics

    But beneath the outrage lies a harsher truth: Canada’s “friend” status is conditional, tied to America’s shifting priorities. The real question isn’t whether Canada is a trusted ally — it’s whether it was ever more than a subordinate in this “friendship.” At stake is the concept of friendship between nations.

    Philosophers exploring the intersection of friendship and politics offer a useful framework for understanding this imbalance.

    Written in the post-Cold War era, French Algerian philosopher Jacques Derrida’s The Politics of Friendship, first published in French in 1994, questions the very possibility of pure, stable friendship, arguing that it is never equal or unconditional.

    Instead, said Derrida, it is always a negotiation of power. Derrida questions idealized Aristotelian notions of friendship between nations — ideals that still quietly underpin our thinking about friendship, loyalty and betrayal.

    Friendship in fiction, Aristotle

    In his study of friendship in fiction, literary scholar Allan Hepburn points out that friendships are inherently political, foundational to social relations and embody democratic ideals of equality and fraternity, as Aristotle suggested.

    Tyrannical systems, by contrast, lack true friendships, while an ideal democracy extends mutual respect to all citizens. In this way, strangers are recognized as equals and potential friends, regardless of legal obligation, as Derrida emphasized.

    In Aristotle’s Nicomachean Ethics, he distinguished transactional and virtuous friendship. The former is built on mutual advantage or shared pleasure, which to Aristotle is the lesser kind of friendship.

    In contrast, virtue-based friendship is both the most enduring and the rarest. Aristotle idealizes this latter type of friendship, describing it as “perfect friendship” in which individuals are “alike in virtue,” wishing well to each other as something good in itself, and are themselves morally upright.

    This ideal friendship — expected to be stable, enduring and intrinsically valuable — underpins discourses about the bond between nations based on shared values.




    Read more:
    What makes a good friend?


    True friendship reserved for individuals

    Political scientist Evgeny Roshchin argues that friendship, as a historical concept in international relations, helped mediate the shift from hierarchical to equal political relationships, shaping sovereignty and political order.

    In contrast, philosopher Simon Keller questions the idea of “friendship between countries,” asserting true friendship is reserved for individuals. He warns that comparing nations to friends may mislead us by shifting focus from genuine human connections to political dynamics.

    Yet the Aristotelian model of the friend as “a second self” has significant limitations, often ignoring differences and reinforcing hierarchy. For Derrida, friendship is not a fixed, harmonious ideal but an ongoing, unpredictable negotiation that blurs the boundary between ally and adversary.

    He contends: “‘Good friendship’ supposes disproportion. It demands a certain rupture in reciprocity or quality, as well as the interruption of all fusion or confusion between you and me.”

    Even at its most personal, friendship is marked by power dynamics — who holds it, who benefits from it and who can be cast aside. Not a cynical rejection of friendship, however, Derrida’s model calls for broadening its moral and political dimensions.

    Transactional structure

    Derrida’s model applies to the Canada-U.S. relationship, which has long been framed as one of mutual respect, built on democratic values and shared economic interests. But its underlying structure is transactional.

    The rhetoric of friendship has always served a function: to justify co-operation when it is useful and to smooth over conflict when it is not. The moment those interests diverge, the limits of the relationship become clear.

    Trump’s tariffs have exposed this dynamic in the clearest possible terms. Canada’s position as a friend to the U.S. is fragile and contingent, shaped by the fluctuating interests of the more powerful side.

    But the rupture is not new, nor is it a break from the norm. It’s simply a reminder of how the relationship has always worked. The question now is not whether Canada can restore its friendship, but whether it can afford to continue believing in it on the same terms.




    Read more:
    Amid U.S. threats, Canada’s national security plans must include training in non-violent resistance


    Embrace inherent fragility

    Derrida’s model of friendship offers a way forward. His model defies the simplistic binary of friend and foe, loyalty and betrayal, as these terms are ultimately mutually constitutive. Derrida calls for relationships that embrace their inherent fragility.

    For Canada, this doesn’t mean abandoning the discourse of friendship with the U.S. entirely, but rather acknowledging the bond’s fragile, conditional nature — always deferred, always on the brink of rupture.

    The challenge for Canada is to redefine its position in North America beyond the framework of mutuality and dependence. At the policy level, with Canada-U.S. relations, this means diversifying trade and diplomatic ties, resisting automatic alignment and asserting independent leadership in global affairs.

    At home, it means forging a national identity that is self-defined and free from the shadow of comparison.

    Jason Wang 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. How Donald Trump’s trade war against Canada reveals tensions inherent in friendship – https://theconversation.com/how-donald-trumps-trade-war-against-canada-reveals-tensions-inherent-in-friendship-252260

    MIL OSI – Global Reports

  • MIL-OSI: Sfil :

    Source: GlobeNewswire (MIL-OSI)

    Paris, March 25, 2025

    ANNUAL FINANCIAL REPORT 2024

    In accordance with the regulatory requirements in force, Sfil announces that the French version of its Annual Financial Report 2024 was filed with the Autorité des Marchés Financiers (AMF) on March 25, 2025, and that it can be obtained from its website: https://sfil.fr/infos-financieres/publications/. The English version of the Annual Financial Report 2024 will be available around mid-April 2025 on the website: https://sfil.fr/en/financial-informations/publications-2/.

    Attachment

    The MIL Network

  • MIL-OSI: Caisse Française de Financement Local: Communiqué de mise à disposition du RFA Caffil 2024

    Source: GlobeNewswire (MIL-OSI)

    Paris, March 25, 2025

    ANNUAL FINANCIAL REPORT 2024

    In accordance with the regulatory requirements in force, Caisse Française de Financement Local announces that the French version of its Annual Financial Report 2024 was filed with the Autorité des Marchés Financiers (AMF) on March 25, 2025, and that it can be obtained from its website: https://caissefrancaisedefinancementlocal.fr/investisseurs/publications/.
    The English version of the Annual Financial Report 2024 will be available around mid-April 2025 on the website: https://caissefrancaisedefinancementlocal.fr/en/investor/publications/.

    Attachments

    The MIL Network

  • MIL-OSI United Nations: New Permanent Representative of Mozambique Presents Credentials

    Source: United Nations General Assembly and Security Council

    (Based on information provided by the Protocol and Liaison Service)

    The new Permanent Representative of Mozambique to the United Nations, Domingos Estêvão Fernandes, presented his credentials to UN Secretary-General António Guterres today.

    Prior to his appointment, Mr. Fernandes served as his country’s Deputy Permanent Representative to the United Nations, a role he assumed in 2022.  From 2015 to 2022, he was both his country’s High Commissioner to Botswana and Permanent Representative to the Southern African Development Community (SADC).

    He also was his country’s Ambassador to Angola from 2011 to 2015, and to São Tomé and Principe — as well as Gabon — from 2013 to 2015.  Additionally, he was Director for Regional and Continental Integration from 2005 to 2011 and Director for Africa and the Middle East from 2009 to 2010, both in his country’s Ministry of Foreign Affairs and Cooperation.

    His other positions include Chairperson of the SADC Committees of Senior Officials for Inter-State Politics and Diplomacy and for Politics, Defence and Security Cooperation from 2009 to 2010. He also served as Deputy Director of the Directorate for Economic and Multilateral Relations at his country’s Foreign Ministry from 2001 to 2005.

    Mr. Fernandes holds degrees in development studies and international relations and diplomacy, and is fluent in Portuguese, English and French.

    MIL OSI United Nations News

  • MIL-OSI United Kingdom: Bake Off’s Josh gets growing for Leicester!

    Source: City of Leicester

    A FAMILIAR face for fans of The Great British Bake Off has helped to launch Leicester’s seed library for the spring growing season.

    Dr Josh Smalley – who made it all the way to the finals of the Great British Bake Off in 2023 – is a former student and now postdoctoral research associate and science communication champion for the university.

    This year, the university has joined the seed library through the Universities Partnership programme.

    Members of Leicester Libraries or the University of Leicester library can order free seeds so that they can grow fresh, tasty, healthy veg at home. And if you want some inspiration, later in the year Josh will be posting some online recipes using what he’s grown from the seed library.

    Chemistry graduate Josh – who now works at the university – said: “I can’t wait to pick up and get growing with my seeds from Leicester seed library! This is such a great initiative and you don’t even need a garden for it, as the seeds available are suitable for planting in pots or on a window ledge. So anyone can get involved!

    “As I grow along I will be posting photos of the progress, then when harvesting time comes I will share few recipes that will hopefully inspire people on how to use their produce.

    “It just goes to show that gardening is for everyone – and whether you’re a student, a seasoned grower or a novice, all you need is library membership to be able to get your hands on some free seeds and get started.”  

    Assistant city mayor Cllr Vi Dempster, who is responsible for libraries, public health, allotments and community growing, said: “Our seed library has been running for three years now and it’s great to be able to welcome the University of Leicester on board.

    “This initiative is also an important part of the Let’s Get Growing community growing programmes that take place across the city, which we know not only provide people with healthy, home-grown produce, but are also hugely valued as a great way to boost your mental wellbeing, keep active and meet other people.

    “Using your library membership to get growing means you can also take advantage of other library resources, such as our wide range of books, e-books and magazines that offer tips and advice on gardening.

    “We’re very grateful to The Conservation Volunteers for helping us select the seeds to provide, and to Josh and the University of Leicester for joining the scheme.”

    Dr Simon Dixon, associate director for community and heritage in the library and learning services at the university, said: “Our library members come to us to feed their minds, but now they can feed their bodies too, thanks to the Seed Library.

    “There’s no better diet than one that consists of home-grown, fresh, tasty, healthy veg and thanks to the city council and The Conservation Volunteers, more people will have the opportunity to grow their own.”

    The offer is open to anyone living in the city, you just need to be a library member – it’s free and easy to join. Choose up to three packets of seeds, with the current spring selection including spring onions, edible flowers and dwarf French beans.  

    To claim your free seeds, call 0116 454 0290, visit your local library or visit the University of Leicester library to place your order. Find all the information you need at www.leicester.gov.uk/seedlibrary

    To find out more about community growing in Leicester, visit www.leicester.gov.uk/allotments

    ENDS

    Picture shows l-r Emma Foskett from Leicester Libraries, Leicester City Council; Dr Josh Smalley from University of Leicester; Daxa Ralhan from Public Health at Leicester City Council, Professor Daniel Ladley, Dean of University of Leicester School of Business; Lee Warner, head of neighbourhood services, Leicester City Council.

    MIL OSI United Kingdom

  • MIL-OSI Russia: Sergei Sobyanin presented awards to Moscow cultural figures

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    On the Day of Culture Workers Sergei Sobyanin According to tradition, he presented awards to the capital’s artists for their great contribution to the development of culture and for many years of fruitful work for the benefit of the city and Muscovites.

    The Moscow mayor emphasized that there are a large number of cultural institutions operating in the capital, including theaters, cinemas, libraries, and palaces of culture. They are becoming increasingly popular among Muscovites and tourists. Last year, cultural organizations were visited by a record number of people — almost a quarter of a billion.

    “The Moscow government is implementing a huge program to support the development of the capital’s culture: it is reconstructing and building theaters, restoring old movie theaters, cultural centers, libraries, and investing large resources in education, including music, for the younger generation. And of course, we will continue this work actively together with you,” said Sergei Sobyanin.

    He noted that city residents highly value the work of cultural workers. Their position and support are especially important today. The Moscow mayor expressed gratitude to the artists for holding about a thousand visiting events for the special military operation fighters.

    “Thank you, dear friends, for your high professionalism, enthusiasm and selfless service to art. I wish you health, prosperity, inspiration and new successes,” the Mayor of Moscow wrote in his

    telegram channel.

    Source: Sergei Sobyanin’s Telegram channel @Mos_Sobyanin

    Awards

    The following were awarded the Badge of Distinction “For Impeccable Service to the City of Moscow” (40 years):

    — Viktor Moskvin, director of the Alexander Solzhenitsyn House of Russian Abroad;

    — Ivan Sigorskikh, deputy director of the Moscow theater “Near Stanislavsky’s House.”

    At the award ceremony, Viktor Moskvin noted that over the 40 years of his work in the city, much has changed for the better.

    “Russians, French, Americans, Englishmen, Germans come to our House of Russian Abroad now. And they admire Moscow. They say that it is the best city, the best capital in the world. And they say that Moscow is not only the capital of Russia, but also the capital of the multi-million Russian world. In Russia, as well as in more than 100 countries of the world, there are people who speak and think in Russian. Of course, we are immensely grateful to the President of the Russian Federation Vladimir Vladimirovich Putin, to you, dear Sergey Semenovich, for creating the House of Russian Abroad, a museum that has become a bridge connecting our Fatherland and the Russian diaspora, a place where historical memory is preserved,” said Viktor Moskvin.

    The badge of distinction “For impeccable service to the city of Moscow” (30 years) was awarded to Oleg Gushchin, drama actor and leading stage master of the Moscow Drama Theater named after N.V. Gogol.

    The honorary title “Honorary Artist of the City of Moscow” was awarded to:

    — Alena Babenko, drama actress and leading stage master of the Sovremennik Theatre;

    — Mikhail Barashkov, concertmaster of the bassoon group of the Moscow State Symphony Orchestra;

    — Victoria Isakova, drama actress, leading stage master of the Moscow Drama Theatre named after A.S. Pushkin;

    — Andrei Kondakov, drama actor, leading stage master of the Moscow Et Cetera Theatre under the direction of Alexander Kalyagin;

    — Yanina Melekhova-Goryacheva, artist-vocalist (soloist) of the Children’s Musical Theatre of the Young Actor;

    — Inessa Orlova-Glazunova, director of the Moscow State Art Gallery of the People’s Artist of the USSR Ilya Glazunov;

    — Andrey Potrokhov, artist-vocalist (soloist) — leading master of the stage of the vocal ensemble under the direction of Valery Rybin “Male Chamber Choir”;

    — Stanislav Sukharev, drama actor and leading stage master of the Moscow Hermitage Theatre;

    — Dmitry Tolmasov, ballet dancer and leading stage master of the Moscow State Academic Dance Theatre “Gzhel”;

    — Dmitry Filippov, drama actor of the Moscow Drama Theatre “Chelovek”;

    — Yanina Khachaturova, drama actress and leading stage master of the Moscow Jewish Theatre “Shalom”;

    — Milena Tskhovrebova, drama actress of the Moscow Drama Theatre “Chelovek”.

    Alena Babenko thanked the Mayor of Moscow for inspiration, the desire to continue to delight viewers and invest efforts in the development of the cultural life of the capital.

    “Today is a happy moment for me personally to say to you, Sergey Semenovich, a big thank you not only for the incredible, fantastically beautiful Moscow, but also for the fact that now it has all the opportunities for any person to show their talent. This is incredibly important,” she emphasized.

    Actress Victoria Isakova expressed gratitude for the transformation of the Moscow Drama Theatre named after A.S. Pushkin after the renovation. She also added that the city is becoming more beautiful every day.

    The honorary title “Honored Worker of Culture of the City of Moscow” was awarded to:

    — Olga Vernikovskaya, Deputy Artistic Director of the Moscow Et Cetera Theatre under the direction of Alexander Kalyagin;

    — Irina Volosovtseva, teacher of the children’s music choir school “Vesna” named after A.S. Ponomarev;

    — Zinaida Gromozdina, artist-vocalist (soloist) — leading stage master of the Moscow Children’s Musical and Drama Theater;

    — Olga Guryeva, teacher at Children’s Music School No. 4;

    — Galina Dvornikova, teacher at the I.F. Stravinsky Children’s Art School;

    — Vladimir Zhukov, director of the Moscow Drama Theatre named after A.S. Pushkin;

    — Vera Zaitseva, teacher at the A.S. Arensky Children’s Music School;

    — Yuri Kabanov, Deputy Director for General Affairs of the N.N. Kalinin Children’s Music School;

    — Marina Kieläväinen, Head of the Library Collection Development Department of the I.S. Turgenev Library and Reading Room;

    — Svetlana Kornoukhova, teacher at the I.F. Stravinsky Children’s Art School;

    — Ksenia Kokhanchikova, teacher at the Rodnik Children’s Art School;

    — Galina Kulygina, teacher at Children’s Art School No. 11;

    — Dmitry Lyudkov, teacher at Children’s Music School No. 62 named after N.A. Petrov;

    — Olga Makarova, teacher at the A.S. Arensky Children’s Music School;

    — Dmitry Olshansky, Head of the Multimedia Technologies Department of the State Darwin Museum;

    — Galina Panteleeva, head of the first category club formation of the State Museum – Cultural Center “Integration” named after N.A. Ostrovsky;

    — Ekaterina Ptetsova, teacher at the S. T. Richter Children’s Art School;

    — Svetlana Repetiy, Deputy Director for Educational Work at the Children’s Art School “Center”;

    — Elena Rybakova, teacher at the A.N. Alexandrov Children’s Music School.

    The following were awarded the gratitude of the Mayor of Moscow:

    — Liliya Ipatova, Head of the Museum Pedagogy Department of the A.S. Pushkin State Museum;

    — Carne Marie Hamado, artist-vocalist (soloist) — leading stage master of the artistic staff of the association of creative groups of Mosconcert;

    – Evgeny Kozlov, drama actor of the Theatre on Trubnaya;

    – Alexey Maklakov, drama actor of the Moscow State Theatre “Lenkom Mark Zakharov”;

    — Serafima Nizovskaya, drama actress of the Stanislavsky Electrotheatre.

    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.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/mayor/tkhemes/12542050/

    MIL OSI Russia News

  • MIL-OSI: 2025 Louisiana Energy Conference to Be Held May 27- 29 at the Four Seasons Hotel in New Orleans Celebrating 25 Years of All Things Energy

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, March 25, 2025 (GLOBE NEWSWIRE) — The 25th Anniversary Louisiana Energy Conference (LEC) will be held midday Tuesday May 27 through Thursday, May 29, 2025 at the Four Seasons Hotel, New Orleans, located at 2 Canal Street, at the foot of Canal Street on the Mississippi River. Conference registration is now open and hotel reservations can be secured through the web site, www.LouisianaEnergyConference.com.

    The 2025 Conference will feature three key topical areas of discussion:

    Tuesday, May 27, 11:30 am – 5:30 pm: Conference will begin this year with lunch and includes Gulf of America/Offshore with exploration and production (E&P) and oil services/infrastructure panels and presentations;

    Wednesday, May 28, 8 am – 5:30 pm: U.S. Onshore and International with E&P and oil services/infrastructure panels and presentations; and

    Thursday, May 29, 7:00 am – 5:30 pm: Future Energy with LNG, Carbon Capture (CCUS), Renewables, New Energy Technology, Power Generation and Infrastructure, Artificial Intelligence and other related panels and presentations.

    In total there will be a series of more than 35 panels and presentations that will discuss key traditional domestic and international oil and natural gas industry topics as well as sessions dedicated to future energy developments. Executives from a variety of leading public and private E&P and oil field services companies as well as representatives from energy-related private equity firms, industry trade groups, regulatory agencies, investment banks, institutional research groups, industry advisory firms, insurance, and law firms will participate in the panel discussions and presentations.

    What’s New in 2025

    Breakfast Meeting Tables: On Wednesday, May 28 from 7:00 to 8:30 a.m., participating companies will have the opportunity to meet informally with attendees and enjoy a full breakfast. Tables are limited and available for panelist firms and other energy industry companies only.

    Keynote Speaker: On Wednesday afternoon, prior to our networking event at the Vue Orleans, we are pleased to have Stephen Jury, Vice Chairman – J.P. Morgan Private Bank, return as our keynote speaker.

    Technology Breakfast: On Thursday morning May 29, we will host a new energy technology breakfast session that will feature exciting new private companies that have the potential to transform the industry.

    Exhibitor Tables: Service companies looking to promote their business have an opportunity to host an Exhibitor Table in one of the prominent foyers of the conference space. Exhibitors will have the opportunity to connect, network and mingle with key leaders in the energy industry. Potential interested exhibitors should contact us at info@LouisianaEnergyConference.com.

    Agenda

    The 2025 agenda is under development and will be posted to the Conference web site, www.LouisianaEnergyConference.com, by March 31 and will be continually updated. The site currently includes the panelist firms who have confirmed participation.

    Networking Events

    On Tuesday, May 27 from 6:00 – 8:00 pm, our Welcome Reception will be held at The MISI, featuring cocktails, hors d’oeuvres, fabulous live jazz, and plenty of networking. The MISI is a beautiful new venue in the historic Jax Brewery on the Mississippi River, across the street from Jackson Square and the French Quarter.

    On Wednesday, May 28, from 6:00 – 8:00 pm, our premier networking event of the Conference will be held at Vue Orleans, an amazing venue on the 34th floor of the Four Seasons Hotel that showcases the culture of New Orleans with commanding 360-degree views of the Mississippi River and New Orleans.

    On Thursday, May 29, from 5:30 – 7:00 pm, our Closing Reception will offer you the opportunity to wind down and recap the previous day’s discussions before enjoying New Orleans for the remainder of your stay. The venue will be announced in the coming weeks.

    Attendance at special events during the Conference is limited so please register as soon as possible. 

    Host Hotel

    Al Petrie Advisors is very pleased to announce our LEC is returning to the Four Seasons Hotel in 2025 based on the strong positive feedback from last year. The Four Seasons is Louisiana’s only five-star hotel. It is located at the foot of Canal Street at the Mississippi River in an area that has undergone significant redevelopment in recent years with new hotels, more high-quality restaurants, additional attractions, and the full transformation of Caesars New Orleans. Visit www.fourseasons.com/neworleans to learn more about this great new venue.

    Conference registration is now open through the Conference web site as well as the ability to reserve rooms online at the very special rate of $285 per night. The hotel has offered this rate to Conference attendees from May 24 to May 31 for those who wish to arrive early or stay extra nights at the hotel. This special rate is only available through May 9, 2025. Rooms may sell out quickly so reservations should be made as soon as possible.

    Attendance and Registration

    Attendance at the Conference is directed to investment professionals including buy side and sell side analysts and portfolio managers, as well as private equity and wealth management executives and trust officers; we also welcome public and private energy company management and advisors to the industry. Attendance at the Conference is expected to qualify for continuing education credits for Louisiana and Mississippi Certified Public Accountants and Chartered Financial Analysts.

    The cost for all attendees will be $395 per person which includes all daytime and evening events associated with the Conference.

    The Sponsors of the event are pleased to offer free attendance to the first 100 investment professionals who register before April 30, 2025. Additional details are available on the event web site, www.LouisianaEnergyConference.com.

    Confirmed investment professional attendees will be offered the opportunity to register for one-on-one meetings with companies participating on the panels. Over 80 E&P, oil field service, and future energy and other panelist firms are expected to take part in the Conference.

    The Conference is being hosted by Al Petrie Advisors. For additional information on attendance and sponsorship opportunities, please call (504) 799-1953 or email info@LouisianaEnergyConference.com.

    201 Saint Charles Avenue Suite 4120 New Orleans, Louisiana 70170

    Contact: Al Petrie (504) 799-1953

    The MIL Network

  • MIL-OSI Global: Fighting fake news: how media in Kenya and Senegal check facts

    Source: The Conversation – Africa – By Layiré Diop, Professseur de communication, Francis Marion University

    Misinformation has accelerated in recent years, in speed and volume. Studies show that Africans are exposed to misinformation and disinformation on a regular basis.

    Disinformation refers to false information deliberately created to cause harm. Misinformation consists of false information that wasn’t created with the intention of harming individuals or groups. Either way, it’s often difficult to know whether something is true and accurate.

    Media fact-checking and media literacy have become more important than ever.

    As specialists in media and mass communication, we conducted a study of strategies to combat misinformation and disinformation. We also examined the role and impact of fact-checking practices. This research is based on 42 interviews conducted in 2021 with media professionals in Kenya and Senegal.

    The participants fell into three main categories. Some were journalists, while others specialised in fact-checking. The rest were individuals who influenced media policies, including government officials, thinktank employees and academics.

    Findings indicate that media professionals in Senegal and Kenya employ reactive fact-checking strategies such as cross-checking information from sources and verifying images and videos. They also promote media literacy as a proactive strategy to help media consumers critically engage with media content.

    The combination of the two methods is described as a shield and an antidote against the spread of misinformation and disinformation.

    Fact-checking: practices and perception

    In Kenya and Senegal, though information verification was already a daily routine for news organisations, fact-checking is gaining ground. It is emerging as an important approach to counter disinformation.

    Fact-checkers and journalists are at the forefront of verifying and determining the accuracy of information shared in public (for example, posts made by social media users) or content created by the media company. The most popular fact-checking services used by participants are PesaCheck, Piga Firimbi and AfricaCheck.

    In both countries, verification methods involve cross-checking multiple sources and analysing visual content. Findings of this study reveal that misinformation is most commonly found in political and health-related topics.

    Once verified, the information is shared in different formats. It is disseminated through news reports, social media posts, and short videos that debunk fake news.

    Cross-checking information

    This process involves consulting primary sources and seeking input from experts to clarify information and put it in context. Participants defined experts as specialists in a specific field, and individuals who regularly contribute to the subject through the media.

    In addition to asking sources and experts, media companies are setting up fact-checking services to verify information before publication. Participants from both countries revealed that media organisations trained their employees to use verification tools.

    Verifying images and videos

    Images and videos on social media often mix truths and manipulations. To debunk them, professionals use verification techniques. One common method is reverse image search: an online search for the image. This technique is made possible by geolocation and the large number of online images. Fact-checkers compare these images to verify content. Google’s reverse image search tool is the most widely used.

    Geolocation through Google Maps helps pinpoint the exact location where an image was taken, for comparison with the location claimed in the content being verified. For videos, professionals use a tool called InVID. This tool generates images from a video, which are then geolocated using reverse image search techniques.

    Perceptions of the effectiveness of fact-checking

    Media professionals in both countries saw fact-checking as an effective strategy to combat misinformation and disinformation and an essential tool for verifying content.

    However, they emphasised the importance of respecting freedom of expression. For them, it was essential to prevent the government or private sector from becoming the sole authority on the accuracy of information shared on media platforms.

    The recent decision by Meta (the technology conglomerate that owns Facebook, WhatsApp, Instagram and other services) to end its fact-checking programme and replace it with community ratings could lead to a new spread of false information.

    Media literacy: practice and perceptions

    Study participants concur that training the public in how to verify content is a proactive measure to curb misinformation. By doing this, professionals share their fact-checking processes as a form of media literacy.

    In Kenya, the press produces videos and tutorials to teach the public how to verify information online. Africa Check also produces materials on methods of verifying information.

    Fact-checking organisations and media outlets play a crucial role in verifying content. They also educate content consumers on how to verify information before sharing it on social media or messaging apps. To make these educational videos more accessible, they are translated into local languages. This helps content creators and consumers who do not understand French or English to better engage with the information.

    In Senegal, Africa Check partnered with a community radio station to provide media literacy training in a local language. The initiative involves fact-checking, translating articles into the Wolof language, and then sharing the information on WhatsApp.

    Perception of the effectiveness of media literacy

    Respondents saw media literacy as a proactive strategy that empowers the public to think critically and verify facts independently. Journalists and fact-checkers in Kenya and Senegal emphasised the importance of media education in curbing the spread of false information.

    In addition, they emphasised that media literacy is not only important for the public. Media professionals also need training to stay updated on technological changes and the strategies and techniques used by misinformation propagandists.

    Challenges to overcome

    These approaches face several obstacles. One is the reluctance of government officials to respond to information requests, often out of fear of critical fact-checking of their own statements. Cultural and linguistic diversity in Africa also presents a challenge for media professionals. Translating verified content into local languages is not easy and requires time and financial resources.

    In Senegal and Kenya, as in many other African countries, media literacy is not yet included in the school curriculum. Investing in media literacy programmes in schools would require expertise, money and time.

    In addition to the creation of fact-checking desks in newsrooms and raising public awareness of the dangers of misinformation, promoting media literacy at all levels (media, mosques, churches, businesses, schools, universities) should be a priority. Organising media weeks at school, as France does, could be a step towards that goal.

    Layiré Diop 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. Fighting fake news: how media in Kenya and Senegal check facts – https://theconversation.com/fighting-fake-news-how-media-in-kenya-and-senegal-check-facts-251123

    MIL OSI – Global Reports