Category: France

  • MIL-OSI Global: The secret behind Temu’s rock-bottom prices

    Source: The Conversation – France – By Henri Isaac, Maître de conférences en sciences de gestion, Université Paris Dauphine – PSL

    Temu has made a remarkable entry in the global e-commerce landscape, quickly becoming the fifth largest online marketplace in France. Critics claim Temu’s ultra-competitive pricing relies on unfair practices. Yet its success stems from the powerful—and proven—business model of its parent company, Pinduoduo, which started as an online marketplace for fresh fruit…

    In just two years, the Chinese e-commerce platform Temu has emerged as a key contender in the global marketplace. In France, it ranked as the fifth most-visited online commerce platform in October 2024. At the heart of this remarkable achievement are its ultra-low prices, which many observers argue are made possible only through questionable practices, such as poor product quality, dumping, aggressive marketing, and deceptive trade tactics.
    Despite widespread skepticism over its long-term viability, Temu continues to invest heavily in advertising and market penetration, challenging an e-commerce sector where no new player has made a significant breakthrough in the past decade. While other online retailers, like AliExpress and the fashion giant Shein, have disrupted Western markets with similar cutthroat pricing strategies, only Temu has done what few believed possible: outperforming Amazon, the long-standing gold standard for competitive pricing.

    From factory to global store

    Temu’s pricing policies are not revolutionary in China. The platform closely follows the business model of its parent company, Pinduoduo (or PDD Holdings). As Pinduoduo’s international arm, Temu represents China’s ambition to transition from being the world’s factory to becoming the world’s store. Its low prices are not a temporary launch tactic but a fundamental pillar of its long-term strategy.

    Established in Boston in September 2022, Temu is an offshoot of the Chinese e-commerce giant Pinduoduo, founded in 2015 following the success of Pinhaohuo. Introduced by Colin Huang in April that year, Pinhaohuo used WeChat’s group-buying model to sell bulk orders of fresh fruit. Its rapid growth led to the creation of Pinduoduo, which disrupted China’s e-commerce market—long dominated by JD.com and Alibaba—before expanding globally through Temu. Today, Temu operates in 79 countries.

    Reverse auctions and consigned inventory: driving down prices

    At the heart of Temu’s pricing strategy is the Consumer-To-Manufacturer (C2M) model, introduced by Pinduoduo in March 2023. This approach utilizes reverse auctions, where Temu solicits bids from manufacturers, forcing suppliers to compete by offering the lowest possible prices. PDD Holdings sets final product prices and profit margins, and manufacturers deliver products directly to Pinduoduo’s warehouses in China, eliminating the need for Temu to purchase or hold stock. Instead, manufacturers bear storage costs and must take back any unsold items. Payments are typically made quarterly, further easing Temu’s financial burden. In essence, Pinduoduo operates a consigned inventory model.

    Reverse auctions enable Temu to secure the lowest possible prices from the outset, with Pinduoduo’s logistics expertise allowing for rapid order consolidation, creating economies of scale that particularly benefit smaller manufacturers who, without Pinduoduo, would struggle to achieve such demand levels. Additionally, by pooling shipping logistics, Pinduoduo further reduces total product costs compared to direct manufacturer sales.

    Creating a buzz on social media

    On the consumer side, Pinduoduo deploys its group-buying model to drive sales through social media trends. The name Pinduoduo roughly translates as “together, more savings, more fun,” reflecting its core strategy: the more buyers in a group purchase, the lower the price. This tactic has propelled Pinduoduo to become the world’s leading social commerce platform by user numbers, with 694 million users in China alone as of June 2024, according to XQuestMobile China.

    Beyond group purchasing, Pinduoduo has leveraged gamified (gamification) shopping features–widespread in Chinese business culture–to encourage impulse buying, a challenge for most online retailers.

    The company entered the market by strategically targeting overlooked consumer segments, focusing on lower-income shoppers in smaller cities and rural areas, rather than competing for wealthier urban customers dominated by JD.com and Alibaba. This approach led to rapid growth and profitability by 2021. By 2023, Pinduoduo, including Temu, reported $34.879 billion in revenue and a net income of $8.267 billion.

    A commission-free revenue model

    How does Pinduoduo generate revenue? By charging manufacturers for end-customer shipping logistics and marketing services such as product promotion, visibility, and platform placement. Logistics revenue accounts for 38% of the platform’s total earnings, while marketing services contribute 62%.

    Unlike Amazon and other online marketplaces, Pinduoduo does not take commissions on sales. Instead, it operates as a logistics and marketing service provider, facilitating distribution for manufacturers and managing logistics flows.

    This proven revenue framework is key to Pinduoduo’s highly competitive prices. Additionally, the company benefits from a favorable corporate tax rate in China–15% compared to the standard 25% for traditional businesses. By leveraging bulk purchasing, optimized marketing and logistics, and a commission-free structure, Pinduoduo can sustain its low-cost pricing strategy—much like its Chinese e-commerce rival, Shein.

    Favorable customs regulations

    Temu is duplicating the Pinduoduo model abroad. Within this framework, Temu benefits from the U.S. customs tariffs (Section 321 of the Tariff Act of 1930), that exempts goods valued under $800 from customs duties. The EU provides a similar exemption for items under €150 (Article 23 of Regulation 1186/2009). Most of Temu’s products fall below these thresholds, allowing them to be shipped duty-free.

    Within two years, Temu has onboarded over 200,000 retailers, shipped 4 million packages daily from 60 warehouses in China and attracted 467 million users worldwide by offering products 40% to 60% cheaper than Amazon. To rapidly grow its customer base and achieve self-sustaining critical mass in Europe and the U.S., Temu is investing heavily in product subsidies.

    Its online advertising strategy is equally aggressive, with substantial investments in social media ads on platforms like TikTok, Instagram, and Snapchat, as well as search engine ranking. While exact figures for these campaigns remain undisclosed, annual reports from PDD Holdings, show its marketing spend–including Temu’s–increased by 34% to approximately €10.7 billion in 2023, with an estimated $4 to 5 billion allocated to Temu alone.

    Temu’s marketing strategy and its slogan, “Shop like a billionaire,” follow the playbook of major digital platforms, where sustained subsidies drive demand and fuel viral engagement. In such models, economies of scale are directly tied to consumer demand—a concept known as the demand-side economy of scope.

    High logistics costs

    Expanding the Pinduoduo model internationally comes with logistical challenges, particularly due to the higher shipping costs of air freight delivery from China, making the current international model vulnerable to potential losses.

    To address this, Temu began transitioning to a new operating model in March 2024, gradually shifting from its initial fully managed approach to a semi-managed one. Under this model, Temu-represented merchants ship products via ocean freight to U.S. warehouses for local distribution.

    Additionally, Temu has engaged the Chinese diaspora in the U.S. to operate “family warehouses” from their homes, including apartments and garages, providing storage, labeling, and shipping services at competitive rates. This strategy attracts smaller merchants who cannot afford large warehouse facilities. It also demonstrates how retailers are adapting to Temu’s evolving logistics model, with the platform primarily managing purchasing and pricing.

    However, Temu has introduced a traditional model, where sellers set their own prices much like eBay, AliExpress, and Amazon. Already rolled out across several European countries, including the UK, Germany, Spain, and France, the model could challenge Temu’s ability to sustain its ultra-low prices.

    If Temu transitions into a more conventional marketplace, how will its low-cost offerings stack up against Amazon? Temu has disrupted the online retail landscape, but can its aggressive pricing strategy stand the test of time?

    Henri Isaac est membre de Renaissance Numérique.

    ref. The secret behind Temu’s rock-bottom prices – https://theconversation.com/the-secret-behind-temus-rock-bottom-prices-249231

    MIL OSI – Global Reports

  • MIL-OSI: Bitget Releases January 2025 Transparency Report, Showcasing Market Growth and Innovation

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 18, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released its January 2025 Transparency Report, highlighting a dynamic start to the year marked by significant growth in trading volumes, platform engagement, and ecosystem innovation.

    Bitget expanded the BGB ecosystem through strategic initiatives, including launching a BGB liquidity pool on Uniswap and a $1.1 million liquidity pool on Bulbaswap following its integration with Morph Chain. These efforts enhance cross-chain compatibility and deepen liquidity, positioning BGB as a strong pillar of the Bitget ecosystem. Additionally, Bitget Research shared a report on 20% of Gen Z and Gen Alpha respondents who are open to incorporating crypto into pension plans, signaling a shift in long-term financial planning preferences toward digital assets.

    January saw the introduction of multiple platform enhancements. Bitget TraderPro Season 4 launched with a 10,000 USDT Grand Prize, enabling traders to test strategies and optimize returns. The HodlerYield service debuted, allowing users to earn passive income by holding USDE and weETH. Bitget Seed, an AI-powered algorithm, was unveiled to identify early-stage Web3 projects, while a strategic integration with Zen streamlined crypto payments across 11 fiat currencies. Bitget also became the first centralized exchange to offer TAO staking, expanding opportunities for users to earn rewards.

    Bitget Wallet strengthened its offerings with a $1 million airdrop for BGB holders, exclusive collaborations with Bitrefill for crypto-powered gift cards, and AI Agent Trading Zone features. The wallet’s limit order support on Base and Solana chains further enhances automated trading capabilities.

    Global engagement efforts included participation in the Crypto XR event in Auxerre, France, attended by over 3,000 enthusiasts, and New Year’s meetups in the Philippines, Vietnam, Russia, Spain, Portugal, Italy, Kenya, and other regions. These events fostered deeper connections with users and showcased Bitget’s expanding global footprint.

    Bitget’s January 2025 achievements build on its 2024 momentum, establishing the platform as a top-tier exchange focusing on security, innovation, and accessibility. As the crypto landscape evolves, Bitget remains poised to drive adoption through cutting-edge solutions and strategic partnerships, supporting users in navigating the opportunities and complexities of the digital asset era.

    For the full January 2025 transparency report, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin priceEthereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: WebsiteTwitterTelegramLinkedInDiscordBitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9f7f064f-8f44-40ae-9096-c738e009aaa8

    The MIL Network

  • MIL-OSI Economics: Young innovators shine: Meet the finalists of the Verizon Unloc Young Entrepreneurs Challenge

    Source: Verizon

    Headline: Young innovators shine: Meet the finalists of the Verizon Unloc Young Entrepreneurs Challenge

    LONDON, U.K. – Five young entrepreneurs have been named as finalists in the latest Young Entrepreneurs Challenge (YEC), an initiative launched by Verizon and Unloc.

    The challenge, now in its seventh year, aims to discover the business leaders of tomorrow by tasking young European entrepreneurs between the ages of 16 and 25 to devise a tech-led business idea that addresses a key industry or societal issue.

    This year’s challenge has brought to light a number of business models that tackle current sustainability and healthcare challenges including water restoration robots, biodegradable textiles from kombucha by-products, reforestation hexapod robots, a floating solar solution and a robotic glove for stroke rehabilitation. The team received over 100 competitive and innovative business ideas from a wide range of countries across Europe including the UK, Ireland, Spain, Italy, France, Germany, Switzerland, Belgium, Greece, Slovakia, Turkey, Portugal, Austria, Ukraine, Bulgaria, Estonia and Poland.

    “Throughout the past seven years, the Young Entrepreneurs Challenge has been a brilliant opportunity to discover young and promising talent across Europe. There is nothing like the imagination and innovation of a young mind. The YEC serves as a platform to help bring their ideas to life,” said Sanjiv Gossain, General Manager and Head of EMEA for Verizon Business.

    “Young entrepreneurs in Europe often face hurdles and scepticism in accessing funding and mentorship. Verizon Business is proud to play a small role in helping this next generation of tech leaders stay a step ahead in the industry, as they work to make a positive impact around the world.”

    “We are in an era where technological innovation is crucial for tackling complex challenges in sustainability, climate change, and health. Investing in the next generation of leaders and their ideas is essential to addressing these issues,” said Hayden Taylor, Co-Founder and Chief Executive of Unloc. “Each year, we are amazed by the ingenuity of young entrepreneurs and are impressed to see the innovative ideas submitted for the Young Entrepreneurs Challenge.”

    The five finalists will now compete head-to-head in a grand finale held in March 2025, pitching their business concept live to a panel of expert judges and invited guests representing both the worlds of business and education.

    The winner receives £10,000 (€11,750*), mentorship and a technology support package to help kickstart their business. In addition, the winner will also receive a ticket to attend the Global One Young World 2025 Munich Summit.

    Each runner-up will receive £977 (€1175) to fund their start-up business, a personalised development plan that focuses on key priorities, and access to a series of masterclasses over the next year that will pair the finalists with various industry experts.

    Here are the 2025 finalists:

    Aleksandra Daniljuk – AquaRenew

    Aleksandra aims to address the global environmental crisis of water pollution caused by excess nitrogen and phosphorus in water bodies. Her solution involves small, solar-powered robots that use wire meshes to collect harmful algae blooms, release oxygen through air stones to combat oxygen depletion, and utilise zeolite biofilters to absorb excess nutrients, thereby preventing further eutrophication.

    The key selling point is its self-sustaining business model. The collected algae will be sold to businesses that convert them into biofuels and other sustainable products, creating a revenue stream to fund more robots. This approach not only restores aquatic ecosystems but also fosters sustainability and generates economic value.

    Aleksandra’s solution also aligns with the UN SDG 14: Life Below Water, promoting ecological restoration and sustainability.

    Luisanny Martinez – Skomby by Tex

    Skomby by Tex is a solution to modern challenges in fashion and sustainability that offers a sustainable, biodegradable material made from kombucha fermentation by-products. The eco-friendly alternative to traditional leather and textiles is crafted from bacterial cellulose, offering a lightweight, durable, and unique texture. 

    The material is 100% biodegradable and compostable, and can even be reused as planting capsules. To further enhance the sustainable model of the business, the team uses natural dyes like turmeric, spirulina, and saffron, ensuring no toxic chemicals are involved.

    Skomby by Tex collaborates with local kombucha producers in order to reduce waste and emissions. Luisanny’s long-term vision is to scale production while maintaining low-impact manufacturing practices, such as sun drying and ambient-temperature fermentation.

    Marta Bernardino – Trovador

    The precision reforestation market is projected to reach $9.77 billion by 2033, growing at a 5.74% CAGR, with high demand from the private sector. Recognising a billion-dollar opportunity, Marta developed Trovador, a reforestation robotics company that combats climate change by planting trees in hard-to-reach areas. Unlike drones, which have a low survival rate for seeds, Trovador’s hexapod robots plant saplings with a 90% survival rate. These AI-driven robots navigate challenging terrains like cliffs and slopes, ensuring effective reforestation.

    Trovador’s unique hexapod design preserves essential soil conditions for sapling survival and operates autonomously, overcoming obstacles in real-time. This innovative approach supports sustainability by providing rural communities with a safe, efficient reforestation solution, aligning with several UN Sustainable Development Goals.

    The service is quite simple and self-explanatory: clients select the planting site, the robot is deployed, and reforestation is monitored remotely. With just £2.5 (€3) per tree, Trovador is 30% more affordable than traditional methods, while excelling in speed, safety, and sustainability.

    Sebastiaan Schalkwijk – Solar Sub

    Solar Sub’s floating solar solution revolutionises renewable energy by placing solar panels on water bodies, maximising land use and harnessing natural cooling. This approach enhances system efficiency, increasing energy yield by up to 27% compared to traditional solar systems.

    Solar Sub’s advanced cooling technology and optimal panel positioning improve efficiency and durability, reducing operational costs and extending the lifespan of solar installations. This innovation sets Solar Sub apart from competitors facing issues with panel overheating and degradation.

    Sebastiaan adopts a licensing business model which allows rapid scaling without significant capital investment. This reduces upfront costs and risks, enabling us to focus on strategic partnerships. His model has gained traction with support from key industry players, confirming market interest and feasibility.

    Zain Sumdani – Exoheal

    Exoheal addresses the global shortage of physiotherapists and the inaccessibility of effective therapy with a robotic glove and a machine-learning-powered app. This solution delivers personalised, real-time therapy, enabling stroke recovery from home. Early trials show a 50% improvement in recovery time compared to traditional methods.

    Exoheal app connects patients with hospitals and clinics, allowing remote monitoring and real-time feedback. Its modular design and scalable production ensure affordability and the ability to meet global demand.

    By 2028, Zain and his team aim to transform 100,000 lives, saving governments $178 million in healthcare costs and enabling $16 million in inpatient earnings.

    For more information on the Young Entrepreneurs Challenge visit: youngentrepereneurschallenge.com


    About Unloc

    Unloc was founded in 2013 by award-winning young leaders and advocates Hayden Taylor and Ben Dowling. Our mission is to empower young people to be innovative changemakers who seek to build stronger communities and sustainable businesses. We develop young people’s skills, enhance their potential and boost their determination to succeed. This is encapsulated in our ‘Developing Young Potential’ tagline. We work towards our mission by delivering inspiring educational programmes in our growing network of schools and colleges, our physical Changemaker Studios spaces in Portsmouth and London, and work with business leaders to deliver a range of programmes that help us achieve our mission. For more information about Unloc visit www.unloc.org.uk

    MIL OSI Economics

  • MIL-OSI Banking: Huawei Europe Bags Prestigious Top Employer 2025 Award for Sixth Consecutive Year Feb 18, 2025

    Source: Huawei

    Headline: Huawei Europe Bags Prestigious Top Employer 2025 Award for Sixth Consecutive Year
    Feb 18, 2025

    [Düsseldorf, Germany, February 18, 2025] Huawei Europe earned recognition as a Top Employer in Europe for the sixth consecutive year in 2025. This prestigious certification covers the following 17 countries: Austria, Belgium, France, Germany, the Czech Republic, Greece, Hungary, Italy, Ireland, the Netherlands, Portugal, Poland, Romania, Spain, Switzerland, Sweden and Turkey.
    Huawei received the Top Employer Europe Award during the Top Employers Institute celebration dinner event

    The recognition is a testament to Huawei Europe’s exemplary human resources practices and underscores its commitment to fostering a culture of innovation, inclusivity, and continuous improvement.
    Lesley White, Vice President of Human Resources, Huawei European Region said: “Europe is home to a diverse and highly skilled talent pool, driving innovation and excellence. Being certified as a Top Employer in Europe is a testament to Huawei’s commitment to fostering a supportive, inclusive, and growth-oriented workplace. This recognition underscores the importance of investing in employee development, well-being and engagement, ensuring that the company not only attracts top talent but also retains and empowers them to thrive in a competitive global landscape.”
    The Top Employers Institute is a globally recognized authority in certifying excellence in employment practices. The certification process involves a comprehensive survey across six core dimensions, with over 250 detailed questions assessing various HR practices. Each topic is evidence-based, ensuring answers are factual and aligned with industry benchmarks, followed by a rigorous audit to guarantee certification accuracy.
    Patrik Rendel, Regional Manager DACH & CEE of Top Employers Institute said: ” On behalf of the Top Employers Institute, we extend our heartfelt congratulations to Huawei for achieving the prestigious Top Employer certification with an impressive score of 91.26%. This remarkable accomplishment reflects commitment to implementing best HR practices. Huawei’s dedication to empowering talent and driving innovation sets a benchmark for excellence in the industry. We are proud to recognize Huawei as a leader in people practices and look forward to your continued success in shaping the future of work. ”
    Lesley White, Vice President of Human Resources, Huawei European Region with Top Employers Institute CEO David Plink

    Huawei is dedicated to driving digital transformation and innovation, connecting the world through cutting-edge ICT technology. With a focus on excellence, we empower individuals to lead, excel, and shape the future of connectivity. Join us in a dynamic, supportive environment where your contributions will be recognized, and your potential can break boundaries, advancing both your career and global progress.
    To learn more visit: https://career.huawei.com/reccampportal/euportal/portal/index.html

    MIL OSI Global Banks

  • MIL-OSI Banking: Huawei Europe Bags Prestigious Top Employer 2025 Award for Sixth Consecutive Year

    Source: Huawei

    Headline: Huawei Europe Bags Prestigious Top Employer 2025 Award for Sixth Consecutive Year

    [Düsseldorf, Germany, February 18, 2025] Huawei Europe earned recognition as a Top Employer in Europe for the sixth consecutive year in 2025. This prestigious certification covers the following 17 countries: Austria, Belgium, France, Germany, the Czech Republic, Greece, Hungary, Italy, Ireland, the Netherlands, Portugal, Poland, Romania, Spain, Switzerland, Sweden and Turkey.
    Huawei received the Top Employer Europe Award during the Top Employers Institute celebration dinner event

    The recognition is a testament to Huawei Europe’s exemplary human resources practices and underscores its commitment to fostering a culture of innovation, inclusivity, and continuous improvement.
    Lesley White, Vice President of Human Resources, Huawei European Region said: “Europe is home to a diverse and highly skilled talent pool, driving innovation and excellence. Being certified as a Top Employer in Europe is a testament to Huawei’s commitment to fostering a supportive, inclusive, and growth-oriented workplace. This recognition underscores the importance of investing in employee development, well-being and engagement, ensuring that the company not only attracts top talent but also retains and empowers them to thrive in a competitive global landscape.”
    The Top Employers Institute is a globally recognized authority in certifying excellence in employment practices. The certification process involves a comprehensive survey across six core dimensions, with over 250 detailed questions assessing various HR practices. Each topic is evidence-based, ensuring answers are factual and aligned with industry benchmarks, followed by a rigorous audit to guarantee certification accuracy.
    Patrik Rendel, Regional Manager DACH & CEE of Top Employers Institute said: ” On behalf of the Top Employers Institute, we extend our heartfelt congratulations to Huawei for achieving the prestigious Top Employer certification with an impressive score of 91.26%. This remarkable accomplishment reflects commitment to implementing best HR practices. Huawei’s dedication to empowering talent and driving innovation sets a benchmark for excellence in the industry. We are proud to recognize Huawei as a leader in people practices and look forward to your continued success in shaping the future of work. ”
    Lesley White, Vice President of Human Resources, Huawei European Region with Top Employers Institute CEO David Plink

    Huawei is dedicated to driving digital transformation and innovation, connecting the world through cutting-edge ICT technology. With a focus on excellence, we empower individuals to lead, excel, and shape the future of connectivity. Join us in a dynamic, supportive environment where your contributions will be recognized, and your potential can break boundaries, advancing both your career and global progress.
    To learn more visit: https://career.huawei.com/reccampportal/euportal/portal/index.html

    MIL OSI Global Banks

  • MIL-OSI Europe: Written question – Immigration and crime: arrests for facilitating illegal immigration in Italy – E-000554/2025

    Source: European Parliament

    Question for written answer  E-000554/2025
    to the Commission
    Rule 144
    Alberico Gambino (ECR), Carlo Fidanza (ECR), Nicola Procaccini (ECR), Stefano Cavedagna (ECR), Carlo Ciccioli (ECR), Alessandro Ciriani (ECR), Giovanni Crosetto (ECR), Elena Donazzan (ECR), Chiara Gemma (ECR), Paolo Inselvini (ECR), Mario Mantovani (ECR), Giuseppe Milazzo (ECR), Michele Picaro (ECR), Daniele Polato (ECR), Ruggero Razza (ECR), Francesco Ventola (ECR), Mariateresa Vivaldini (ECR), Sergio Berlato (ECR), Denis Nesci (ECR), Pietro Fiocchi (ECR)

    On 3 February 2025, the Italian authorities conducted a major operation in the provinces of Salerno, Naples and Caserta, uncovering more than 2 000 fraudulent applications for residence permits and arresting 36 people on charges of facilitating illegal immigration, corruption and forging public documents. The investigation exposed a criminal organisation that has been issuing false documents to illegally regularise the status of third-country nationals, fuelling an illegal scheme worth millions of euros and undermining security and the law. The facilitation of illegal immigration poses a threat to the stability of the Member States and calls for coordinated action at EU level to thwart the criminal networks involved.

    In view of the above:

    • 1.What additional tools could be made available to the Member States to combat this facilitation of illegal immigration, and to identify and dismantle these transnational criminal networks?
    • 2.What joint cooperation and control measures will the Commission put in place to help the Member States put a stop to these false or unlawful documents and ensure greater security, while respecting national competences?
    • 3.What cooperation tools will it promote with countries of origin to prevent migrants becoming embroiled with organised crime gangs?

    Submitted: 6.2.2025

    Last updated: 18 February 2025

    MIL OSI Europe News

  • MIL-OSI Video: Young Trade Leaders: Yassine, France

    Source: World Trade Organization – WTO (video statements)

    The Young Trade Leaders Programme was established to connect young people with the work of the WTO. Yassine Krouk, from France, is a political science and international relations student at Sciences Po Lille.
    Yassine shares his plans as a Young Trade Leader.

    More about the Young Trade Leaders Programme:
    https://www.wto.org/english/forums_e/young_trade_leader_e/young_trade_leader_e.htm

    Download this video from the WTO website:
    https://www.wto.org/english/res_e/webcas_e/webcas_e.htm

    https://www.youtube.com/watch?v=_wsnqnJ5gjQ

    MIL OSI Video

  • MIL-OSI: Full-year 2024 results

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Victoire Grux
    Tel.: +33 6 04 52 16 55
    victoire.grux@capgemini.com

    Investor relations:
    Vincent Biraud
    Tel.: +33 1 47 54 50 87
    vincent.biraud@capgemini.com

    Full-year 2024 results

    • Revenues of €22,096 million in 2024, down -1.9%
    • Revenue growth at constant exchange rates* of -2.0% for the full year, and -1.1% in Q4
    • Bookings at €23.8 billion with a 1.08 book-to-bill
    • Stable operating margin*, at 13.3% of revenues
    • Net profit, Group share, up +0.5% and basic earnings per share up +1.2%
    • Organic free cash flow0F*of €1,961 million
    • Proposed dividend of €3.40 per share

    Paris, February 18, 2025 – The Board of Directors of Capgemini SE, chaired by Paul Hermelin, convened on February 17 in Paris to review and adopt the accounts1F1 of the Capgemini Group for the year-ended December 31, 2024.

    Aiman Ezzat, Chief Executive Officer of the Capgemini Group, said: “Our performance in the fourth quarter is in line with expectations. As anticipated, Manufacturing and France experienced strong headwinds, whereas we saw an improvement in Financial Services and Consumer Goods & Retail, as well as a robust Public Sector.

    The Group demonstrated strong resilience in 2024, maintaining its operating margin and free cash flow generation, thanks to the growth of its high value-added offerings as well as its ecosystem of leading technology partners.

    Client demand continues to be driven by efficiency, operational agility and cost-optimization programs which are driving traction for our Cloud and Data & AI services. The Group is recognized as a global leader in AI by market analysts, reflecting our continued investments. Generative AI supported strong bookings and accounted for around 5% of bookings in Q4. The acquisition of Syniti strengthens the Group’s data-driven digital transformation capabilities.

    Our clients keep showing a strong appetite for technology and recognize the value we bring as their trusted business and technology transformation partner. However, we remain cautious in this uncertain environment, notably around Manufacturing and Europe, and expect H1 2025 constant currency revenue growth to remain in the same range as in Q4 2024. We will continue to demonstrate in 2025 the strength of our positioning and the resilience of our operating model, with growth as a priority.”

    KEY FIGURES

    (in millions of euros) 2023 2024 Change
    Revenues 22,522 22,096 -1.9%
    Operating margin* 2,991 2,934 -1.9%
    as a % of revenues 13.3% 13.3% 0pt
    Operating profit 2,346 2,356 +0.4%
    as a % of revenues 10.4% 10.7% +0.3pts
    Net profit (Group share) 1,663 1,671 +0.5%
    Basic earnings per share (€) 9.70 9.82 +1.2%
    Normalized earnings per share (€)* 12.44 12.23 -1.7%
    Organic free cash flow* 1,963 1,961 -€ 2m
    Net cash / (Net debt)* (2,047) (2,107)  

    In an environment that proved weaker than initially anticipated, Capgemini demonstrated in 2024 the resilience of its operating model and its leadership on AI and Generative AI. Clients focused on driving efficiency, prioritizing operational agility and cost optimization while discretionary spend remained soft. This environment has fueled a strong demand for transformation programs which translated into continued traction for Capgemini’s Cloud, Data & AI services as well as its innovative offerings, most notably in intelligent supply chain, digital core and generative AI projects. This is contributing to the continuous improvement of the portfolio mix toward innovation and enhanced client value creation.

    Capgemini reported revenues of €22,096 million in 2024, down -1.9% year-on-year. Constant currency growth* was -2.0%, at the top end of the outlook as revised in October 2024. Organic growth* (i.e., excluding the impact of currency fluctuations and changes in Group scope) was -2.4%. After bottoming out in Q1, revenue trends gradually improved through the year with a revenue decline limited to -1.1% at constant currency and -1.5% organically in Q4.

    With bookings of €23,821 million in 2024 and €6,806 million in Q4, the Group maintained a strong commercial momentum despite client decision cycles that remain long, achieving a solid book-to-bill of 1.08 for the year, and 1.22 in Q4. When compared to 2023 bookings, this represents, at constant exchange rates, a decrease of -0.5% for the year and an increase of +1.9% in Q4. Generative AI bookings amounted to close to 4% of Group bookings for the year and around 5% for Q4.

    The ongoing shift in Capgemini’s offerings portfolio towards higher value services, coupled with enhanced operational efficiency, generated a 50 basis points increase in gross margin to 27.4% of revenues, reflecting the resilience of its operating model. This enabled the Group to absorb the incremental investment in selling efforts aimed at driving future growth and offset the slight increase in G&A expenses.

    Consequently, the operating margin* was stable at 13.3% of revenues, or €2,934 million, in line with the operating margin target set for 2024.

    Other operating income and expenses was a net expense of €578 million, down €67 million year-on-year. This decrease is mainly attributable to lower restructuring charges, which decreased by €55 million.

    Capgemini’s operating profit was €2,356 million, or 10.7% of revenues, compared with €2,346 million, or 10.4% of revenues in 2023.

    Capgemini reported a net financial income of €13 million in 2024, compared to a net expense of €42 million in 2023, reflecting higher interest income.

    The income tax expense was €681 million, up from €626 million last year. This represents an increase in the effective tax rate from 27.2% in 2023 to 28.8% this year.

    Taking into account the share of profits of associates and non-controlling interests, the Group share in net profit rose by +0.5% year-on-year to €1,671 million. Basic earnings per share increased by +1.2% to €9.82. Normalized earnings per share* was €12.23, compared with €12.44 in 2023.

    Organic free cash flow* generation remained strong at €1,961 million, in line with the 2024 target and the previous year despite lower revenues.

    CAPITAL ALLOCATION & BALANCE SHEET

    In 2024, Capgemini actively redeployed close to €2.0 billion of capital, essentially funded by the organic free cash flow of the year. Capgemini invested €827 million in acquisitions. The Group also paid dividends of €580 million (€3.40 per share) to Capgemini SE shareholders and allocated €972 million to share buybacks: €498 million on its multiyear program and €474 million to neutralize the dilution of the 11th employee share ownership plan (ESOP). This ESOP plan, which proved highly successful and thus contributed to maintaining employee shareholding at around 8% of the share capital, led to a gross capital increase of €415 million.

    In October 2024, the Group also redeemed in full and at maturity its €600 million bond issued in April 2018.

    At December 31, 2024, the Group had cash, cash equivalents and cash management assets of €3.1 billion. After accounting for borrowings of €5.1 billion as well as for derivative instruments, Group net debt* is €2.1 billion, slightly up compared with €2.0 billion at December 31, 2023.

    The Board of Directors decided to recommend the payment of a dividend of €3.40 per share at the Shareholders’ Meeting of May 7, 2025. The corresponding payout ratio is 35% of net profit (Group share), in line with the Group’s historical distribution policy.

    OPERATIONS BY REGION

    At constant exchange rates, revenues in North America (28% of Group revenues) decreased by -4.1% with improving trends in H2. The Financial Services, Consumer Goods & Retail and Telco, Media & Technology (TMT) sectors were the main drivers of improvement. In contrast, the Manufacturing and Public sectors slowed down in H2. The operating margin increased to 16.5%, from 15.6% in 2023.

    The United Kingdom and Ireland region (12% of Group revenues) remained resilient, posting a -1.0% decline in revenue primarily driven by the contraction of the Consumer Goods & Retail sector. The region’s return to growth in H2 was driven by the recovery in Financial Services and the continued strength in the Energy & Utilities sector. The operating margin reached 19.7% compared with 18.6% in 2023.

    France (20% of Group revenues) revenues decreased by -3.5%, in an environment that led to a visible degradation in H2. This evolution was mostly driven by the contraction of the Manufacturing sector. However, as in most regions, Financial Services visibly improved through the year. The operating margin contracted from 12.6% to 10.2%.

    In the Rest of Europe region (31% of Group revenues), revenues stood at +0.1% with solid Public and Energy & Utilities sectors and Financial Services returning to growth. The Manufacturing sector also negatively weighed on activity in the region. The operating margin was 12.0%, slightly up from 11.7% a year earlier.

    Finally, revenues in the Asia-Pacific and Latin America region (9% of Group revenues) were slightly down
    -0.3% driven by a slower Financial Services sector in Asia-Pacific. However, the Public Sector in Asia-Pacific and the Consumer Goods & Retail sector in Latin America, both enjoyed double-digit growth rates. The operating margin slightly improved to 12.4% compared with 12.2% the year before.

    OPERATIONS BY BUSINESS

    At constant exchange rates, Strategy & Transformation consulting services (9% of Group revenues) reported +3.2% growth in total revenues* in 2024. This continued momentum illustrates the strength of the Group’s positioning as a strategic partner to its clients.

    Applications & Technology services (62% of Group revenues and Capgemini’s core business) reported
    a -2.1% decrease in total revenues.

    Finally, Operations & Engineering services total revenues (29% of Group revenues) decreased -2.1%.

    OPERATIONS IN Q4 2024

    Q4 was the third consecutive quarter of gradual improvement in growth rate. As expected, the Financial Services and Consumer Goods & Retail sectors saw an acceleration and TMT returned to growth. This was offset by the slowdown in Manufacturing.

    Geographically, growth rates improved substantially in North America, but also the United Kingdom and Ireland, Asia-Pacific and Latin America, but slowed down visibly in France.

    Group revenues totaled €5,581 million in Q4 2024, a decline of -1.1% year-on-year at constant exchanges rate and -1.5% organically. This decline in revenue can be solely attributable to -6.1% slowdown in Manufacturing.

    At constant exchange rates, the decline in revenues in the North America region was limited to -1.6%, with the growth in Financial Services, Consumer Good & Retail and TMT, more than offset by the weakness in the Manufacturing and Energy & Utilities sectors. Revenues in the United Kingdom and Ireland region grew +1.5%, supported by the good performance of the Energy & Utilities and Manufacturing sectors and to a lesser extent the growth in Financial Services. In France, the weakness in the Manufacturing, Consumer Goods & Retail and Energy & Utilities sectors led the revenue to decline -5.8%. Revenues in the Rest of Europe region were stable (+0.1%), driven by robust activity in the Public, Energy & Utilities and Financial Services sectors that offset the decline in the Manufacturing sector. Finally, revenues in the Asia-Pacific and Latin America region grew by +4.6% supported by the visible recovery in the Financial Services and Consumer Goods & Retail sectors, more than offsetting the weak Manufacturing and Energy & Utilities sectors.

    HEADCOUNT

    At December 31, 2024, the Group’s total headcount stood at 341,100, slightly up by +0.2% year-on-year and +0.7% compared to the end of September 2024.

    The onshore workforce decreased by -1.1% at 144,200 employees, while the offshore workforce was up by +1.2% to 196,900 employees, i.e., 58% of the total headcount.

    ESG PERFORMANCE

    In 2024, Capgemini demonstrated continued leadership in corporate responsibility by making significant advancements aligned with its ESG (Environment, Social and Governance) policy and commitments.

    From an environmental standpoint, Capgemini set ambitious near-term (2030) and long-term (2040) carbon reduction targets in 2022, including a 90% reduction in all emissions (Scope 1, 2 and 3) by 2040 to reach its “net zero emissions” targets as validated by the SBTi (Science-Based Targets initiative). At the end of 2024, the Group had reduced its absolute emissions (Scope 1, 2 and 3) by 35% compared to 2019. Reflecting the commitment to 100% renewable electricity (RE100) by 2025, Capgemini’s scope 1 and 2 emissions have decreased by 93% since 2019. The share of renewable energy in the Group’s electricity consumption reached 98% last year up from 96% in 2023.

    In human capital development, Capgemini continued to invest in its talent in 2024. The average number of learning hours per employee trained reached 77 hours last year, significantly up notably with the expansion of the generative AI training program.

    The Group also made notable progress in gender balance, nearing its global objective of 40% by 2025. By the end of 2024, women comprised 39.7% of the total workforce, up by almost 1 point year-on-year and almost 7 points since 2019. The proportion of women among executive leadership positions globally reached 29.0%, up by almost 3 points year-on-year and more than 12 points since 2019.

    The scale of impact through digital inclusion initiatives also extended greatly in 2024. Overall, the Group’s various programs and partnerships with leading non-profit organizations benefited almost 3.2 million individuals in 2024.

    In recognition of this continued progress, the Group was confirmed as a constituent of the Dow Jones Sustainability Index (DJSI) Europe and maintained its position on the “A list” in the 2024 CDP (Carbon Disclosure Project) assessment.

    OUTLOOK

    The Group’s financial targets for 2025 are:

    • Revenue growth of -2.0% to +2.0% at constant currency;
    • Operating margin of 13.3% to 13.5%;
    • Organic free cash flow of around €1.9 billion.

    CONFERENCE CALL

    Aiman Ezzat, Chief Executive Officer, accompanied by Nive Bhagat, Chief Financial Officer, will comment on this publication during a conference call in English to be held today at 8.00 a.m. Paris time (CET). You can follow this conference call live via webcast at the following link. A replay will also be available for a period of one year.

    All documents relating to this publication will be posted on the Capgemini investor website at https://investors.capgemini.com/en/.

    PROVISIONAL CALENDAR

    April 29, 2025        Q1 2025 revenues
    May 7, 2025        Shareholders’ meeting
    July 30, 2025        H1 2025 results
    October 28, 2025        Q3 2025 revenues

    The dividend payment schedule to be submitted to the Shareholders’ Meeting for approval would be:

    May 20, 2025        Ex-dividend date on Euronext Paris
    May 22, 2025        Payment of the dividend

    DISCLAIMER

    This press release may contain forward-looking statements. Such statements may include projections, estimates, assumptions, statements regarding plans, objectives, intentions and/or expectations with respect to future financial results, events, operations and services and product development, as well as statements, regarding future performance or events. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans”, “projects”, “may”, “would”, “should” or the negatives of these terms and similar expressions. Although Capgemini’s management currently believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking statements are subject to various risks and uncertainties (including, without limitation, risks identified in Capgemini’s Universal Registration Document available on Capgemini’s website), because they relate to future events and depend on future circumstances that may or may not occur and may be different from those anticipated, many of which are difficult to predict and generally beyond the control of Capgemini. Actual results and developments may differ materially from those expressed in, implied by or projected by forward-looking statements. Forward-looking statements are not intended to and do not give any assurances or comfort as to future events or results. Other than as required by applicable law, Capgemini does not undertake any obligation to update or revise any forward-looking statement.

    This press release does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction.

    ABOUT CAPGEMINI

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

    Get the Future You Want | www.capgemini.com

    * *

    *

    APPENDIX3F2

    BUSINESS CLASSIFICATION

    • Strategy & Transformation includes all strategy, innovation and transformation consulting services.
    • Applications & Technology brings together “Application Services” and related activities and notably local technology services.
      • Operations & Engineering encompasses all other Group businesses. These comprise Business Services (including Business Process Outsourcing and transaction services), all Infrastructure and Cloud services, and R&D and Engineering services.

    DEFINITIONS

    Organic growth or like-for-like growth in revenues is the growth rate calculated at constant Group scope and exchange rates. The Group scope and exchange rates used are those for the reported period. Exchange rates for the reported period are also used to calculate growth at constant exchange rates.

    Reconciliation of growth rates Q1
    2024
    Q2
    2024
    Q3
    2024
    Q4
    2024
    FY
    2024
    Organic growth -3.6% -2.3% -2.1% -1.5% -2.4%
    Changes in Group scope +0.3 pts +0.4 pts +0.5 pts +0.4 pts +0.4 pts
    Growth at constant exchange rates -3.3% -1.9% -1.6% -1.1% -2.0%
    Exchange rate fluctuations -0.2 pts +0.4 pts -0.3 pts +0.5 pts +0.1 pts
    Reported growth -3.5% -1.5% -1.9% -0.6% -1.9%

    When determining activity trends by business and in accordance with internal operating performance measures, growth at constant exchange rates is calculated based on total revenues, i.e., before elimination of inter-business billing. The Group considers this to be more representative of activity levels by business. As its businesses change, an increasing number of contracts require a range of business expertise for delivery, leading to a rise in inter-business flows.

    Operating margin is one of the Group’s key performance indicators. It is defined as the difference between revenues and operating costs. It is calculated before “Other operating income and expenses” which include amortization of intangible assets recognized in business combinations, expenses relative to share-based compensation (including social security contributions and employer contributions) and employee share ownership plan, and non-recurring revenues and expenses, notably impairment of goodwill, negative goodwill, capital gains or losses on disposals of consolidated companies or businesses, restructuring costs incurred under a detailed formal plan approved by the Group’s management, the cost of acquiring and integrating companies acquired by the Group, including earn-outs comprising conditions of presence, and the effects of curtailments, settlements and transfers of defined benefit pension plans.

    Normalized net profit is equal to profit for the year (Group share) adjusted for the impact of items recognized in “Other operating income and expense”, net of tax calculated using the effective tax rate. Normalized earnings per share is computed like basic earnings per share, i.e., excluding dilution.

    Organic free cash flow is equal to cash flow from operations less acquisitions of property, plant, equipment and intangible assets (net of disposals) and repayments of lease liabilities, adjusted for cash out relating to the net interest cost.

    Net debt (or net cash) comprises (i) cash and cash equivalents, as presented in the Consolidated Statement of Cash Flows (consisting of short-term investments and cash at bank) less bank overdrafts, and also including (ii) cash management assets (assets presented separately in the Consolidated Statement of Financial Position due to their characteristics), less (iii) short- and long-term borrowings. Account is also taken of (iv) the impact of hedging instruments when these relate to borrowings, intercompany loans, and own shares.

    RESULTS BY REGION

      Revenues   Year-on-year growth   Operating margin rate
      2024
    (in millions of euros)
      reported at constant exchange rates   2023 2024
    North America 6,188   -4.2% -4.1%   15.6% 16.5%
    United Kingdom and Ireland 2,753   +1.6% -1.0%   18.6% 19.7%
    France 4,380   -3.5% -3.5%   12.6% 10.2%
    Rest of Europe 6,851   +0.2% +0.1%   11.7% 12.0%
    Asia-Pacific and Latin America 1,924   -2.6% -0.3%   12.2% 12.4%
    TOTAL 22,096   -1.9% -2.0%   13.3% 13.3%

    RESULTS BY BUSINESS

      Total revenues*   Year-on-year growth
      2024
    (% of Group revenues)
      At constant exchange rates in Total revenues* of the business
    Strategy & Transformation 9%   +3.2%
    Applications & Technology 62%   -2.1%
    Operations & Engineering 29%   -2.1%

    SUMMARY INCOME STATEMENT AND OPERATING MARGIN

    (in millions of euros) 2023 2024 Change
    Revenues 22,522 22,096 -1.9%
    Operating expenses (19,531) (19,162)  
    Operating margin 2,991 2,934 -1.9%
    as a % of revenues 13.3% 13.3% 0bp
    Other operating income and expenses (645) (578)  
    Operating profit 2,346 2,356 +0.4%
    as a % of revenues 10.4% 10.7% +30bp
    Net financial expenses (42) 13  
    Income tax income/(expense) (626) (681)  
    Share of profit of associates and joint-ventures (10) (11)  
    (-) Non-controlling interests (5) (6)  
    Profit for the period, Group share 1,663 1,671 +0.5%

    NORMALIZED AND DILUTED EARNINGS PER SHARE

    (in millions of euros) 2023 2024 Change
    Average number of shares outstanding 171,350,138 170,201,409 -0.7%
    BASIC EARNINGS PER SHARE (in euros) 9.70 9.82 +1.2%
    Diluted average number of shares outstanding 177,396,346 176,375,256  
    DILUTED EARNINGS PER SHARE (in euros) 9.37 9.47 +1.1%
           
    (in millions of euros) 2023 2024 Change
    Profit for the period, Group share 1,663 1,671 +0.5%
    Effective tax rate 27.2% 28.8%  
    (-) Other operating income and expenses, net of tax 469 412  
    Normalized profit for the period 2,132 2,083 -2.3%
    Average number of shares outstanding 171,350,138 170,201,409 -0.7%
    NORMALIZED EARNINGS PER SHARE (in euros) 12.44 12.23 -1.7%

    CHANGE IN CASH AND CASH EQUIVALENTS AND ORGANIC FREE CASH FLOW

    (in millions of euros) 2023 2024
    Net cash from operating activities 2,525 2,526
    Acquisitions of property, plant and equipment and intangible assets, net of disposals (254) (310)
    Net interest cost (11) 37
    Repayments of lease liabilities (297) (292)
    ORGANIC FREE CASH FLOW 1,963 1,961
    Other cash flows from (used in) investing and financing activities (2,126) (2,788)
    Increase (decrease) in cash and cash equivalents (163) (827)
    Effect of exchange rate fluctuations (115) 97
    Opening cash and cash equivalents 3,795 3,517
    Closing cash and cash equivalents 3,517 2,787

    NET DEBT

    (in millions of euros) December 31, 2023 December 31, 2024
    Cash and cash equivalents 3,536 2,789
    Bank overdrafts (19) (2)
    Cash and cash equivalents 3,517 2,787
    Cash management assets 161 268
    Long-term borrowings (5,071) (4,281)
    Short-term borrowings and bank overdrafts (675) (863)
    (-) Bank overdrafts 19 2
    Borrowings, excluding bank overdrafts (5,727) (5,142)
    Derivative instruments 2 (20)
    NET CASH / (NET DEBT) (2,047) (2,107)

    ESG PERFORMANCE

      Objectives Key Performance Indicators 2019
    (baseline)
    2023 2024 Change vs. 2019 2025 Objective 2030 Objective (vs 2019)
    Environment Be carbon neutral for our own operations no later than 2025 and across our supply chain by 2030, and committed to becoming a net zero business by 2040 Scope 1 & 2 – Absolute emissions (ktCO₂e) 154.1 13.6 11.2 -93%   -80%
    Scope 3 – Employee commuting emissions per headcount (tCO₂e/head) 1.08 0.50 0.55 -49%   -55%
    Scope 3 – Business travel emissions per headcount (tCO₂e/head) 1.26 0.50 0.48 -62%   -55%
    Scope 3 – Purchased goods and services (ktCO₂e) 305.7 352.1 301.5 -1%   -50%
    Transition to 100% renewable electricity by 2025, and electric vehicles by 2030 % of electricity from renewables 28% 96% 98% +70pts 100%  
    Social Increase average learning hours per employee by 5% every year to ensure regular lifelong learning Average Completed Learning Hours per headcount trained during the reporting period 41.9 53.8 77.4 +85%    
    40% of women in our teams by 2025 % of women in the workforce 33.0% 38.8% 39.7% +6.7pts 40%  
    5m beneficiaries supported by our digital inclusion programs by 2030 Cumulated number of beneficiaries since 2018 29,012 4.4m 7.5m     5m
    Governance 30% of women in Group executive leadership positions in 2025 % of women in Group executive leadership positions 16.8% 26.2% 29.0% +12.2pts 30%  
    Maintain over 80% of the workforce with an Ethics score of 7-10 % of the headcount with an Ethics score of 7-10   86% 85%   >80% >80%
    Be recognized as a front leader in data protection and cybersecurity Cyber Rating agencies – CyberVadis score   958 977   940-950
    out of 1,000
    DPO certification   72% 76%   95%  

    Note: in the table above, 2024 data may include some estimates and some historical data points have been restated to ensure comparability.


    1 Audit procedures on the consolidated financial statements have been completed. The auditors are in the process of issuing their report.
    2 Note that in the appendix, certain totals may not equal the sum of amounts due to rounding adjustments.

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    The MIL Network

  • MIL-OSI: CoinShares Announces Q4 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    18thFebruary 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), a leading global investment company specialising in digital assets, has today published its results for the quarter ending 31st December 2024.  

    Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

    “Q4 2024 was arguably the most transformative quarter in digital asset history, marked by groundbreaking policy shifts. It was also one of CoinShares’ strongest quarters since inception, with EBITDA reaching £33.6 million (£109.8 million year-to-date), a 37% increase from Q4 2023 and 116% year-on-year growth.

    Over the past three years, we have systematically built a strong foundation, establishing leading platforms in both Europe and the United States. With our infrastructure in place and market position stronger than ever, we are uniquely poised to seize this pivotal moment in digital assets.”

    Q4 2024 financial highlights

    • Q4 revenue, gains and other income of £48.3 million (Q4 2023: £31.6 million)
    • Q4 adjusted EBITDA of £33.6 million (Q4 2023: £24.5 million)
    • Total comprehensive income for Q4 2024 of £46.7 million (Q4 2023: £15.8 million)

    Full Year 2024 financial highlights

    • 2024 revenue, gains and other income of £126.8 million (2023: £76.3 million)
    • 2024 adjusted EBITDA of £109.8 million (2023: £50.9 million)
    • Total comprehensive income for 2024 of £107.5 million (2023: £38.4 million)

    Q4 2024 operational highlights

    • CoinShares’ Asset Management division achieved its strongest quarter to date, with the Physical platform seeing notable growth in Q4. Our Physical Staked Ethereum ETP led inflows with $75 million, while our Physical XRP ETP attracted $31 million in new investments. The CoinShares Physical platform’s total assets increased by 54% to $2.3 billion, with our Physical Bitcoin ETP becoming Europe’s largest. Despite outflows in our XBT platform, strong crypto price appreciation drove AuM up by 30% to $3.74 billion. In the U.S., our CoinShares-Valkyrie business line saw positive net flows of $19 million, led by WGMI with $52 million in inflows, amidst a broader U.S. market that saw $16 billion flow into crypto spot, futures, and equity ETPs. The Asset Management division generated £25.3 million in revenue for the quarter and £87.1 million in revenue for the full year 2024.
    • The Capital Markets and Hedge Fund Solutions division demonstrated robust performance across all business lines in Q4. Our trading team capitalized on market volatility, while liquidity provisioning saw materially higher flows than previous quarters. The lending book remained stable with a focus on credit quality, and staking activities generated consistent yields between 3-3.5%. Together with gains from our Bitcoin treasury position, the division delivered £21.2 million in Q4, bringing the full year 2024 revenue to £57.4 million.

    The performance for Q4 marks one of the Group’s strongest quarter ever and has contributed to 2024 being the second strongest year in the Group’s history after 2021. Full details of the Q4 results, inclusive of financial information on each of the Group’s business units, are included within the full report, available here.

    Proposed Dividend

    The Board of the Company today announces that, subject to finalisation of the Group audit, it has resolved to declare and pay in four equal instalments an annual dividend in relation to the financial year ending 31 December 2024 amounting to £20,000,000, to be paid from the Group’s reserves.

    The annual dividend payment will be made in four quarterly instalments via the Euroclear Sweden settlement system, subject to an assessment by the Board of the financial health and cash requirements of the Group prior to each payment being made. 

    ENDS 

    Download the Swedish Executive Summary here.

    The Annual Report for the Group, inclusive of full audited financials is due to be released on 30th April 2025. 

    ABOUT COINSHARES

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

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

    This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out below, at 7:00 am CET on 18th February 2025.

    PRESS CONTACT

    CoinShares
    Benoît Pellevoizin
    bpellevoizin@coinshares.com

    M Group Strategic Communications
    Peter Padovano
    press@coinshares.com

    Attachment

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  • MIL-Evening Report: Ukraine isn’t invited to its own peace talks. History is full of such examples – and the results are devastating

    Source: The Conversation (Au and NZ) – By Matt Fitzpatrick, Professor in International History, Flinders University

    (From left to right): Neville Chamberlain, Édouard Daladier, Adolf Hitler, Benito Mussolini, and Italian Foreign Minister Galeazzo Ciano before signing the Munich Agreement, which gave the Sudetenland to Germany. German Federal Archives/Wikimedia Commons

    Ukraine has not been invited to a key meeting between American and Russian officials in Saudi Arabia this week to decide what peace in the country might look like.

    Ukrainian President Volodymyr Zelensky said Ukraine will “never accept” any decisions in talks without its participation to end Russia’s three-year war in the country.

    A decision to negotiate the sovereignty of Ukrainians without them – as well as US President Donald Trump’s blatantly extortionate attempt to claim half of Ukraine’s rare mineral wealth as the price for ongoing US support – reveals a lot about how Trump sees Ukraine and Europe.

    But this is not the first time large powers have colluded to negotiate new borders or spheres of influence without the input of the people who live there.

    Such high-handed power politics rarely ends well for those affected, as these seven historical examples show.

    1. The Scramble for Africa

    In the winter of 1884–85, German leader Otto von Bismarck invited the powers of Europe to Berlin for a conference to formalise the division of the entire African continent among them. Not a single African was present at the conference that would come to be known as “The Scramble for Africa”.

    Among other things, the conference led to the creation of the Congo Free State under Belgian control, the site of colonial atrocities that killed millions.

    Germany also established the colony of German South West Africa (present-day Namibia), where the first genocide of the 20th century was later perpetrated against its colonised peoples.

    How the boundaries of Africa changed after the Berlin conference.
    Wikimedia Commons/Somebody500

    2. The Tripartite Convention

    It wasn’t just Africa that was divided up this way. In 1899, Germany and the United States held a conference and forced an agreement on the Samoans to split their islands between the two powers.

    This was despite the Samoans expressing a desire for either self-rule or a confederation of Pacific states with Hawai’i.

    As “compensation” for missing out in Samoa, Britain received uncontested primacy over Tonga.

    German Samoa came under the rule of New Zealand after the first world war and remained a territory until 1962. American Samoa (in addition to several other Pacific islands) remain US territories to this day.

    3. The Sykes-Picot Agreement

    As the first world war was well under way, British and French representatives sat down to agree how they’d divide up the Ottoman Empire after it was over. As an enemy power, the Ottomans were not invited to the talks.

    Together, England’s Mark Sykes and France’s François Georges-Picot redrew the Middle East’s borders in line with their nations’ interests.

    The Sykes-Picot Agreement ran counter to commitments made in a series of letters known as the Hussein-McMahon correspondence. In these letters, Britain promised to support Arab independence from Turkish rule.




    Read more:
    What was the Sykes-Picot agreement, and why does it still affect the Middle East today?


    The Sykes-Picot Agreement also ran counter to promises Britain made in the Balfour Declaration to back Zionists who wanted to build a new Jewish homeland in Ottoman Palestine.

    The agreement became the wellspring of decades of conflict and colonial misrule in the Middle East, the consequences of which continue to be felt today.

    Map showing the areas of control and influence in the Middle East agreed upon between the British and French.
    The National Archives (UK)/Wikimedia Commons

    4. The Munich Agreement

    In September 1938, British Prime Minister Neville Chamberlain and French Prime Minister Édouard Daladier met with Italy’s fascist dictator, Benito Mussolini, and Germany’s Adolf Hitler to sign what became known as the Munich Agreement.

    The leaders sought to prevent the spread of war throughout Europe after Hitler’s Nazis had fomented an uprising and began attacking the German-speaking areas of Czechoslovakia known as the Sudetenland. They did this under the pretext of protecting German minorities. No Czechoslovakians were invited to the meeting.

    The meeting is still seen by many as the “Munich Betrayal” – a classic example of a failed appeasement of a belligerent power in the false hope of staving off war.

    5. The Évian Conference

    In 1938, 32 countries met in Évian-les-Bains, France, to decide how to deal with Jewish refugees fleeing persecution in Nazi Germany.

    Before the conference started, Britain and the US had agreed not to put pressure on one another to lift the quota of Jews they would accept in either the US or British Palestine.

    While Golda Meir (the future Israeli leader) attended the conference as an observer, neither she nor any other representatives of the Jewish people were permitted to take part in the negotiations.

    The attendees largely failed to come to an agreement on accepting Jewish refugees, with the exception of the Dominican Republic. And most Jews in Germany were unable to leave before Nazism reached its genocidal nadir in the Holocaust.

    6. The Molotov-Ribbentrop Pact

    As Hitler planned his invasion of Eastern Europe, it became clear his major stumbling block was the Soviet Union. His answer was to sign a disingenuous non-aggression treaty with the USSR.

    Joseph Stalin and Joachim von Ribbentrop after the signing of the Molotov-Ribbentrop Pact.
    German Federal Archives/Wikimedia Commons

    The treaty, named after Vyacheslav Molotov and Joachim von Ribbentrop (the Soviet and German foreign ministers), ensured the Soviet Union would not respond when Hitler invaded Poland. It also carved up Europe into Nazi and Soviet spheres. This allowed the Soviets to expand into Romania and the Baltic states, attack Finland and take its own share of Polish territory.

    Unsurprisingly, some in Eastern Europe view the current US-Russia talks over Ukraine’s future as a revival of this kind of secret diplomacy that divided the smaller nations of Europe between large powers in the second world war.

    7. The Yalta Conference

    With the defeat of Nazi Germany imminent, British Prime Minister Winston Churchill, Soviet dictator Josef Stalin and US President Franklin D Roosevelt met in 1945 to decide the fate of postwar Europe. This meeting came to be known as the Yalta Conference.

    Alongside the Potsdam Conference several months later, Yalta created the political architecture that would lead to the Cold War division of Europe.

    At Yalta, the “big three” decided on the division of Germany, while Stalin was also offered a sphere of interest in Eastern Europe.

    This took the form of a series of politically controlled buffer states in Eastern Europe, a model some believe Putin is aiming to emulate today in eastern and southeastern Europe.

    Matt Fitzpatrick receives funding from the Australian Research Council. He is affiliated with the History Council of South Australia.

    ref. Ukraine isn’t invited to its own peace talks. History is full of such examples – and the results are devastating – https://theconversation.com/ukraine-isnt-invited-to-its-own-peace-talks-history-is-full-of-such-examples-and-the-results-are-devastating-250049

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Global: Ukraine isn’t invited to its own peace talks. History is full of such examples – and the results are devastating

    Source: The Conversation – Global Perspectives – By Matt Fitzpatrick, Professor in International History, Flinders University

    (From left to right): Neville Chamberlain, Édouard Daladier, Adolf Hitler, Benito Mussolini, and Italian Foreign Minister Galeazzo Ciano before signing the Munich Agreement, which gave the Sudetenland to Germany. German Federal Archives/Wikimedia Commons

    Ukraine has not been invited to a key meeting between American and Russian officials in Saudi Arabia this week to decide what peace in the country might look like.

    Ukrainian President Volodymyr Zelensky said Ukraine will “never accept” any decisions in talks without its participation to end Russia’s three-year war in the country.

    A decision to negotiate the sovereignty of Ukrainians without them – as well as US President Donald Trump’s blatantly extortionate attempt to claim half of Ukraine’s rare mineral wealth as the price for ongoing US support – reveals a lot about how Trump sees Ukraine and Europe.

    But this is not the first time large powers have colluded to negotiate new borders or spheres of influence without the input of the people who live there.

    Such high-handed power politics rarely ends well for those affected, as these seven historical examples show.

    1. The Scramble for Africa

    In the winter of 1884–85, German leader Otto von Bismarck invited the powers of Europe to Berlin for a conference to formalise the division of the entire African continent among them. Not a single African was present at the conference that would come to be known as “The Scramble for Africa”.

    Among other things, the conference led to the creation of the Congo Free State under Belgian control, the site of colonial atrocities that killed millions.

    Germany also established the colony of German South West Africa (present-day Namibia), where the first genocide of the 20th century was later perpetrated against its colonised peoples.

    How the boundaries of Africa changed after the Berlin conference.
    Wikimedia Commons/Somebody500

    2. The Tripartite Convention

    It wasn’t just Africa that was divided up this way. In 1899, Germany and the United States held a conference and forced an agreement on the Samoans to split their islands between the two powers.

    This was despite the Samoans expressing a desire for either self-rule or a confederation of Pacific states with Hawai’i.

    As “compensation” for missing out in Samoa, Britain received uncontested primacy over Tonga.

    German Samoa came under the rule of New Zealand after the first world war and remained a territory until 1962. American Samoa (in addition to several other Pacific islands) remain US territories to this day.

    3. The Sykes-Picot Agreement

    As the first world war was well under way, British and French representatives sat down to agree how they’d divide up the Ottoman Empire after it was over. As an enemy power, the Ottomans were not invited to the talks.

    Together, England’s Mark Sykes and France’s François Georges-Picot redrew the Middle East’s borders in line with their nations’ interests.

    The Sykes-Picot Agreement ran counter to commitments made in a series of letters known as the Hussein-McMahon correspondence. In these letters, Britain promised to support Arab independence from Turkish rule.




    Read more:
    What was the Sykes-Picot agreement, and why does it still affect the Middle East today?


    The Sykes-Picot Agreement also ran counter to promises Britain made in the Balfour Declaration to back Zionists who wanted to build a new Jewish homeland in Ottoman Palestine.

    The agreement became the wellspring of decades of conflict and colonial misrule in the Middle East, the consequences of which continue to be felt today.

    Map showing the areas of control and influence in the Middle East agreed upon between the British and French.
    The National Archives (UK)/Wikimedia Commons

    4. The Munich Agreement

    In September 1938, British Prime Minister Neville Chamberlain and French Prime Minister Édouard Daladier met with Italy’s fascist dictator, Benito Mussolini, and Germany’s Adolf Hitler to sign what became known as the Munich Agreement.

    The leaders sought to prevent the spread of war throughout Europe after Hitler’s Nazis had fomented an uprising and began attacking the German-speaking areas of Czechoslovakia known as the Sudetenland. They did this under the pretext of protecting German minorities. No Czechoslovakians were invited to the meeting.

    The meeting is still seen by many as the “Munich Betrayal” – a classic example of a failed appeasement of a belligerent power in the false hope of staving off war.

    5. The Évian Conference

    In 1938, 32 countries met in Évian-les-Bains, France, to decide how to deal with Jewish refugees fleeing persecution in Nazi Germany.

    Before the conference started, Britain and the US had agreed not to put pressure on one another to lift the quota of Jews they would accept in either the US or British Palestine.

    While Golda Meir (the future Israeli leader) attended the conference as an observer, neither she nor any other representatives of the Jewish people were permitted to take part in the negotiations.

    The attendees largely failed to come to an agreement on accepting Jewish refugees, with the exception of the Dominican Republic. And most Jews in Germany were unable to leave before Nazism reached its genocidal nadir in the Holocaust.

    6. The Molotov-Ribbentrop Pact

    As Hitler planned his invasion of Eastern Europe, it became clear his major stumbling block was the Soviet Union. His answer was to sign a disingenuous non-aggression treaty with the USSR.

    Joseph Stalin and Joachim von Ribbentrop after the signing of the Molotov-Ribbentrop Pact.
    German Federal Archives/Wikimedia Commons

    The treaty, named after Vyacheslav Molotov and Joachim von Ribbentrop (the Soviet and German foreign ministers), ensured the Soviet Union would not respond when Hitler invaded Poland. It also carved up Europe into Nazi and Soviet spheres. This allowed the Soviets to expand into Romania and the Baltic states, attack Finland and take its own share of Polish territory.

    Unsurprisingly, some in Eastern Europe view the current US-Russia talks over Ukraine’s future as a revival of this kind of secret diplomacy that divided the smaller nations of Europe between large powers in the second world war.

    7. The Yalta Conference

    With the defeat of Nazi Germany imminent, British Prime Minister Winston Churchill, Soviet dictator Josef Stalin and US President Franklin D Roosevelt met in 1945 to decide the fate of postwar Europe. This meeting came to be known as the Yalta Conference.

    Alongside the Potsdam Conference several months later, Yalta created the political architecture that would lead to the Cold War division of Europe.

    At Yalta, the “big three” decided on the division of Germany, while Stalin was also offered a sphere of interest in Eastern Europe.

    This took the form of a series of politically controlled buffer states in Eastern Europe, a model some believe Putin is aiming to emulate today in eastern and southeastern Europe.

    Matt Fitzpatrick receives funding from the Australian Research Council. He is affiliated with the History Council of South Australia.

    ref. Ukraine isn’t invited to its own peace talks. History is full of such examples – and the results are devastating – https://theconversation.com/ukraine-isnt-invited-to-its-own-peace-talks-history-is-full-of-such-examples-and-the-results-are-devastating-250049

    MIL OSI – Global Reports

  • MIL-Evening Report: Fish and chips shouldn’t come with a catch: how Australia can keep illegal seafood off our plates

    Source: The Conversation (Au and NZ) – By Leslie Roberson, Postdoctoral research fellow, Centre for Biodiversity and Conservation Science, The University of Queensland

    If you’ve ever been stopped by quarantine officers at the airport, you might think Australia’s international border is locked down like a fortress. But when it comes to trade in seafood, it’s more like a net full of holes.

    Products sourced from illegal, unreported and unregulated fishing can easily slip through to unsuspecting buyers.

    Seafood is among the world’s most traded agricultural commodities. Yet illegal fishing accounts for an estimated one-fifth of all wild-caught seafood.

    This represents a serious threat to marine ecosystems, food security and even human rights. The phenomenon has been linked to organised crime, modern slavery, and the depletion of vulnerable species such as abalone and hammerhead sharks.

    The blame usually falls on countries where the fishing occurs, or where the boat is registered. But seafood markets, including processors, retailers and consumers, play a major role in driving demand. They could also play a crucial role in combating illegal fishing.

    In our new policy paper, we propose more effective controls on seafood imports.

    What is illegal, unreported and unregulated fishing? (Australian Fisheries Management Authority)

    Australia’s role as a seafood-loving nation

    Australia spends considerable effort managing its own fisheries, ensuring they are legal and sustainable.

    Yet, 60 to 70% of the seafood consumed in Australia is imported.

    These imports come mainly from countries with weaker environmental regulations, more illegal activity, and greater vulnerability to labour abuse and slavery.

    Current policies leave Australia vulnerable to illegally sourced seafood. Key information, such as the fishing location or species name, is often not required under current trade measures. This means seafood products can be imported under vague labels such as “frozen fish”, obscuring their identity and origins.

    Suspect seafood products

    Certain seafood products such as shark fins are more likely to be sourced illegally for a variety of reasons, including high market value. Other riskier wild-caught products imported into Australia include:

    Most of the seafood consumed in Australia comes from overseas.
    Shine Nucha, Shutterstock

    A new border policy could help crack down on fishy imports

    Australia has made international commitments to consume sustainable seafood, in fisheries policy and through subscribing to the United Nations 2030 Sustainable Development Goals and the Global Biodiversity Framework. Meeting these commitments will require being more careful about what we import from other countries. This could take the form of stricter border regulations.

    The Australian government has begun to explore trade measures aimed at denying entry to illegal or untraceable seafood products. A group of organisations was formed two years ago to support this process. While a draft report was released at the end of 2023, the final outcome remains delayed – perhaps until after the next federal election.

    To inform this process, we reviewed the existing seafood import policies and recommend eight key design criteria for improvement.

    Only the United States, the European Union, and Japan have systems in place to verify the legal origin of imported seafood. Since these are some of the world’s largest seafood import markets, their efforts are important. But their schemes all have notable flaws that Australia should avoid replicating.

    These systems are technologically obsolete, lack solid traceability and accounting mechanisms, and rely on trade documents that are often impossible to verify. Most systems are not fully electronic, resulting in shipping containers of seafood arriving with shoeboxes of paper catch certificates.

    There are no mechanisms for cooperation between countries. Crosschecking of the same certificate arriving in both France and Italy, for instance, is not yet possible. This makes it easy to reuse certificates across multiple countries, enabling trade of falsely labelled or illegally caught seafood.

    Unlawful transfer of fish between vessels is an example of illegal fishing activity.
    Richard Whitcombe, Shutterstock

    Australia’s chance to take the lead against fishy imports

    Seafood supply chains are notoriously complex. Without effective certification schemes, keeping seafood sourced from illegal fishing operations out of our market is virtually impossible.

    Although Australia’s seafood appetite is minuscule compared to the US, the EU, or Japan, it has the resources and the opportunity to create a better import control system. Such a system would involve designing an electronic platform with automated fraud detection mechanisms that tracks seafood products from the fishing boat, through the supply chain, to the Australian border. Australia can then start to close the sizeable loophole in its efforts to secure a legal and traceable seafood supply.

    Such policies would support sustainable Australian fisheries and help the country’s biggest seafood suppliers to source responsibly. Nearly every country in the world trades seafood: if countries implement smart import policies, illegally sourced seafood will become much easier to intercept.

    The authors appreciate the valuable contributions of Gilles Hosch, a fisheries expert with 25 years of experience in global fisheries compliance and seafood traceability.

    Leslie Roberson receives funding from the Australian Research Council.

    Carissa Klein receives funding from the Australian Research Council.

    Rosa Mar Dominguez-Martinez receives funding from the Australian Research Council.

    ref. Fish and chips shouldn’t come with a catch: how Australia can keep illegal seafood off our plates – https://theconversation.com/fish-and-chips-shouldnt-come-with-a-catch-how-australia-can-keep-illegal-seafood-off-our-plates-249481

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: US, Europe face widening rift over Ukraine crisis

    Source: China State Council Information Office

    As the situation in Ukraine continues to evolve, the United States and its European allies have demonstrated increasing divisions regarding resolving the Ukraine crisis, a rift that became particularly pronounced at the just-concluded 61st Munich Security Conference (MSC).

    Keith Kellogg, Ukraine envoy of U.S. President Donald Trump, told a conference event in Munich on Saturday that Europe would not have a seat at the negotiation table. “I think this is not going to happen,” he said, although he confirmed that Ukraine would be involved.

    Trump held a phone call with Russian President Vladimir Putin on Wednesday, during which they discussed immediately engaging in direct negotiations aimed at ending the three-year-long conflict between Russia and Ukraine.

    Speaking to reporters afterward, Trump suggested he might meet Putin in Saudi Arabia.

    The unexpected call caught European leaders off guard, sparking concerns that the United States could reach a deal with Russia that would compromise European security without their involvement.

    In response, top foreign affairs officials from major European countries, including Germany, France and Poland, issued a joint statement, stressing that both Ukraine and Europe must be part of “any negotiation” regarding the Ukraine issue.

    Also attending the MSC, Ukrainian President Volodymyr Zelensky cautioned on Saturday that the era of guaranteed American support for Europe is over, indicating that remarks made by U.S. Vice President J.D. Vance a day before signaled a shift in U.S.-Europe relations.

    Vance had criticized Europe’s approach to democracy and immigration in Munich, stating that the greatest threat to the continent came from within. His comments provoked a strong backlash from European leaders.

    Zelensky also urged Europe to unite to create a joint military force and a coordinated foreign policy strategy.

    Fearing being sidelined on the Ukraine issue, EU leaders have urged unity and action across the continent. “This is an existential moment, and it’s a moment where Europe has to stand up,” said German Foreign Minister Annalena Baerbock during a panel discussion.

    French President Emmanuel Macron has scheduled an emergency meeting in Paris on Monday to discuss Ukraine and security in Europe. The meeting is expected to include leaders from Germany, Britain, Italy, Poland, Spain, the Netherlands and Denmark, as well as the NATO secretary-general and the presidents of the European Council and the European Commission.

    Polish Foreign Minister Radoslaw Sikorski said Saturday at the conference that he expects the meeting to address the challenges posed by Trump.

    On Sunday, British Prime Minister Keir Starmer said he is “ready and willing” to deploy British troops to Ukraine to help guarantee its security.

    Writing in the Daily Telegraph, Starmer said Britain was “ready to play a leading role” in Ukraine’s defense and security, including the commitment of 3 billion pounds (about 3.8 billion U.S. dollars) a year until 2030. 

    MIL OSI China News

  • MIL-OSI United Nations: Use Upcoming Tenth Anniversary of Minsk Accord’s Signing to Renew Diplomatic Efforts towards De-escalation in Ukraine, Assistant Secretary-General Urges Security Council

    Source: United Nations MIL OSI b

    The Minsk Agreements show that the signing of a peace pact alone does not ensure a durable end to conflict, the Security Council heard today as it met a decade after the adoption of Council resolution 2202 (2015), which called for the full implementation of those accords.

    The international community must use the 10-year anniversary as an opportunity to “recall past diplomatic efforts towards de-escalation” as well as reflect “on what happens when peacemaking fails”, Miroslav Jenča, Assistant Secretary-General for Europe, Central Asia and Americas in the Departments of Political and Peacebuilding Affairs and Peace Operations, said.  He noted that in one week, it will be “three tragic years” since the Russian Federation’s full-scale invasion of Ukraine.

    Highlighting the crucial role of regional and subregional organizations, he praised the Organization for Security and Cooperation in Europe (OSCE) Special Monitoring Mission for monitoring ceasefire violations and helping to maintain dialogue for “eight difficult years”.  Any peaceful settlement must respect the sovereignty, independence and territorial integrity of Ukraine, he said, welcoming all initiatives with the full participation of Ukraine and the Russian Federation.  Ensuring the conflict does not reoccur or escalate requires genuine political will and understanding of its “multidimensional complexity”, he said.

    Peace Activist Haunted by Dead Ukrainian, Russian Soldiers, Says War Could Have Been Avoided through Diplomacy

    “The people of Ukraine are divided – they are either pro- or anti-Russian,” stated Roger Waters, civil peace activist, who also addressed the Council today.  To those questioning his credentials, he said:  “I’m here to talk about war and peace and love, and my credentials are firmly in place.” “Hundreds of thousands of dead Ukrainian and Russian soldiers […] are in this room with us today [and] they haunt me,” he said. 

    Recalling the Maidan protests in Kyiv, he stressed that this is one of the problems with regime change — “dead bodies, they are somebody’s loved one”. Immediately after the Government change in 2014, Crimea seceded from Ukraine and joined the Russian Federation. “Did it secede or was it annexed?” he asked, pointing to a referendum held at the time, in which 95 per cent of Ukrainians in Crimea voted to secede. 

    The agreements — Minsk I, signed in September 2014, and Minsk II, in February 2015 — outlined steps for ending the conflict in eastern Ukraine through a political settlement.  The latter accord stipulated a ceasefire in certain areas of the Donetsk and Luhansk regions and the withdrawal of military equipment by both sides.  It also included a commitment by Kyiv to organize local elections and grant special status to the separatist-held areas in eastern Ukraine and the reinstatement of Ukraine’s full control over its border.

    Mr. Waters said that despite campaigning on the promise to resume Minsk II, Ukraine President Volodymyr Zelenskyy, who came to power in 2019, did not do so, and in 2022, Russian troops crossed the border to Ukraine. This war could have been avoided through diplomacy, he insisted, adding that President Zelenskyy had started talking to Russian President Vladimir Putin and by the end of April 2014, a ceasefire agreement had been agreed upon in Istanbul.  The war could have been a stillborn, but then United Kingdom Prime Minister Boris Johnson arrived in Kyiv with the message that the war should be continued as it “suits the Americans” — “the longer it takes, the better”. 

    Citing the telephone talks between United States President Donald Trump and President Putin as a potential move in the right direction, he concluded:  “Maybe there is a glimmer of light at the end of this dark tunnel of war — it comes three years and hundreds of thousands of priceless lives too late, but maybe it’s a start.”

    United States Committed to Ending Carnage, Restoring Europe’s Stability, its Speaker Says 

    Washington, D.C., is committed to ending the carnage and restoring Europe’s stability, the representative of the United States said, adding:  “We want a sovereign and prosperous Ukraine but we must start by recognizing that returning to Ukraine’s pre-2014 borders is an unrealistic objective.”  Further, he added:  “Chasing this illusionary goal will only prolong the war and cause more suffering.” At the same time, he underscored that the Russian Federation has consistently undermined the Minsk Agreement; therefore, a durable peace for Ukraine must include robust security guarantees to ensure the war will not begin again.  Describing Moscow’s illegal war of conquest as “a strategic error”, he said that “the easy way out is through negotiations”.  If Moscow, instead, “chooses the hard way”, it will incur greater and escalating costs to its economy and losses on the battlefield, he warned. 

    New United States Administration Has Created Space for Diplomacy, Russian Federation’s Representative Says 

    For his part, the Russian Federation’s delegate said that “the entry into office of the Republican United States Administration” has created space for the emergence of diplomacy.  Those who seized power in Ukraine, following the 2014 anti-constitutional coup, had no intention of implementing the Minsk Agreements, he said.  Citing statements by various Ukrainian officials who described the Agreements as “a noose on the neck” and “not binding in nature”, he said the Agreements were “a smokescreen” for Western countries while they provided Ukraine armaments. 

    Outlining lessons to draw from the failure of the Minsk process, he said European Union countries and the United Kingdom are “unfaithful to their word and they cannot be a party to any future agreement”.  Also stressing the need to provide autonomy to the east of Ukraine and guarantees for its Russian language population, he said that President Zelenskyy “is deathly afraid of elections and is doing everything possible to drag them out”.  A future Ukraine needs to be “a demilitarized neutral State, not a part of any blocs or alliances,” he said, adding that it was the prospect of the entry of Ukraine into the North Atlantic Treaty Organization (NATO) that triggered the crisis.

    Entire History of Minsk Agreement “Long List of Violations’ by Moscow”, Ukraine’s Delegate Says

    However, Ukraine’s delegate countered that the entire history of the Minsk Agreements “was a long list of violations” by Moscow.  In 2022, “on this very day”, “in this very chamber”, when her country expressed concern about the buildup of troops along its border and other developments, the Russian Federation had underscored that there is no alternative to the Minsk Agreements, she recalled.  Four days later, that country recognized the so-called independence of the Donetsk and Luhansk regions of Ukraine.  Among others, it never implemented paragraph 4 of the Minsk Protocol, concerning the establishment of a security area in the border regions of the two countries, she said.

     “It is because people of Ukraine are pro-Ukrainian [that] the Russian Federation has failed,” she added.  Any future arrangement involving the Kremlin must include enforcement mechanisms and preventive measures, she stressed, adding:  “What responsible States see as commitments to be upheld, the Russian Federation treats as a tactical ploy.”  Ukraine is working with its partners to find strong solutions, she said, stressing:  “Weak agreements will not bring real peace; they will only lead to the greater war.” 

    Other Council Members Weigh In

    Denmark’s delegate described the current meeting as “part of an ongoing disinformation campaign” to try and distract the international community from the subjugation of Ukraine.  Welcoming Ukraine’s ratification of the Rome Statute, she expressed support for a special tribunal to investigate crimes conducted in that country.  While “no one wants this war to end more than Ukraine”, the United Kingdom’s delegate said, President Putin’s preconditions for talks have been that Ukraine withdraws from large swathes of its own sovereign territory and abandons its right to choose its alliances.  “No country could accept this,” she said, reaffirming that London will provide concrete support for Ukraine for as long as needed. 

    “The Minsk Agreements were a diplomatic initiative designed to prevent further bloodshed and establish a political pathway to peace in Ukraine,” said Germany’s representative, adding that Moscow obstructed its implementation and chose to pursue expansionist conquest.  “This war should not have been started in the first place,” she stressed, calling on all States to unite behind the draft General Assembly resolution on advancing peace in Ukraine.  Along similar lines, France’s delegate highlighted the tireless mediation by Paris and Berlin, to enable Ukraine and Russian Federation to find common ground. However, Moscow chose war, he said, while Greece’s delegate stressed that “no interpretation of the Minsk Agreements can ever justify the invasion of Ukraine”.

    “We need something more than Minsk III,” Slovenia’s delegate said, adding that the abstract nature of the Agreements allowed for multiple interpretations.  Any future accord must be much be more specific with clear timelines, defined sequencing and a monitoring mechanism, he stressed.  Similarly, Somalia’s delegate underscored the importance of clarity, particularly in diplomatic tools, and said the implementation of ceasefire provisions requires robust and impartial verifying mechanisms.  The Republic of Korea’s delegate stressed that “the entire world is well aware of who is aggressor and who is the victim,” also adding that the Democratic People’s Republic of Korea’s support of the Russian Federation, with troops and munitions, is a grave violation of the Organization’s resolutions. 

    Several speakers expressed concern about the failure of diplomacy, while others called on the international community to rally behind new diplomatic efforts.  Since the onset of the Ukraine crisis, Beijing has been calling for a political solution through dialogue and has been actively engaged in diplomatic mediations, China’s representative, Council President for the month, said in his national capacity.  The legitimate security concerns of all countries should be taken seriously, he said, welcoming the Washington, D.C.-Moscow agreement to start peace talks. 

    “We have been consistent in our calls for restraint,” said Pakistan’s delegate, as he expressed regret that the Minsk Agreement could not reach just and lasting peace in the region.  “We must learn from the past so we do not commit the same errors,” Panama’s delegate added, stressing that dialogue and diplomacy is the only path to peace. 

    “The failed implementation of the Minsk Agreement cannot be the reason to prolong this war,” said Guyana’s delegate, reiterating calls for an end to the hostilities and for the withdrawal of Russian Federation’s forces from Ukraine’s territory.  “Until this day more and more civilians are losing their lives, including women and children,” pointed out Algeria’s representative, while Sierra Leone’s delegate underscored that “the conflict in Ukraine will not be resolved by military means”.

    MIL OSI United Nations News

  • MIL-OSI Canada: Statement by the Prime Minister on the passing of Antonine Maillet

    Source: Government of Canada – Prime Minister

    The Prime Minister, Justin Trudeau, today issued the following statement on the passing of Antonine Maillet:

    “It is with great sadness that I learned of the passing of Antonine Maillet, a celebrated figure in Canadian literature and an unwavering voice for the Acadian community.

    “Born in Bouctouche, New Brunswick, Ms. Maillet had a prolific career as a novelist, a playwright, and a scholar, leaving an indelible mark on Canada’s cultural landscape. Over some fifty works, she brought Acadian stories to the forefront. This included her play La Sagouine, which made her a household name, and her novel Pélagie-la-Charrette, which earned her the 1979 Prix Goncourt – making her only the sixth woman to receive this prestigious French literature award and the first non-European recipient. Ms. Maillet’s work helped foster a deeper understanding and appreciation of Acadian culture and earned her widespread recognition. She was a recipient of the Order of New Brunswick, an Officer of the National Order of Quebec, and a Companion of the Order of Canada, among many other accolades.

    “Ms. Maillet was also a translator of literary works and a passionate educator, who taught in Canada and abroad, including at the Université de Montréal and the University of California. From 1989 to 2000, she served as Chancellor of the Université de Moncton, where she further helped shine a light on Acadian culture.

    “On behalf of all Canadians, I extend my deepest condolences to Ms. Maillet’s family, her friends, and the countless people who were touched by her work. She was a beacon of Acadian pride and resilience, and I know her voice will continue to inspire generations to celebrate the stories that make Canada’s cultural tapestry so rich and diverse.”

    MIL OSI Canada News

  • MIL-Evening Report: Is Australia’s GST a tax or a tariff? And why has it become a target in the trade wars?

    Source: The Conversation (Au and NZ) – By Felicity Deane, Professor, Queensland University of Technology

    Australian beef exports to the United States are GST-free and should not be subject to any retaliatory tariff. William Edge/Shutterstock

    The latest round of proposed tariffs from US President Donald Trump includes a response to what the White House describes as “unfair” taxes – specifically, value-added taxes such as Australia’s Goods and Services Tax (GST).

    Most economically advanced countries have a value-added tax (VAT) or sales tax on consumption. This applies to domestic goods and services as well as to imports. The United States is one of the few countries that does not impose a sales tax, though many of the states impose their own sales tax.

    So the argument, according to the White House, is these taxes apply to imported goods, but not to exports.

    Is the GST a tax or a tariff?

    The GST is a broad-based consumption tax of 10%. It applies to most goods and services that are consumed in Australia, regardless of their origin.

    An import tariff – sometimes called an import duty – is imposed exclusively on imported goods as a condition of market access.

    Tariffs are not imposed on domestically produced goods at all. This is the main point of difference with a domestic consumption tax. The GST applies equally to imported and domestically produced goods, adhering to long-agreed international trade rules.

    It remains unclear how the Trump administration intends to implement a tariff that is equivalent to the 10% GST. In effect, this becomes a tax on US consumers if they buy Australian goods.




    Read more:
    What’s a trade war?


    Such an indirect tax would be regressive, which means it falls more heavily on lower-income consumers. The expansion of tariffs to include other nations’ VAT systems also represents a significant overreach into national sovereignty. It has long been accepted that sovereign nations have the right to tax their citizens and businesses as they see fit.

    Indeed, Australia’s GST is among the lowest among economically advanced nations, for which the average is 19%, so the wider impact on US consumers will be even greater.

    Goods that are exported to the US face a new round of tariffs.
    Shutterstock

    Trump is clearly (and unapologetically) seeking to reinvigorate US manufacturing. But the reality is that US labour costs are high. It is also inefficient for any country to produce all the goods and services its population requires. This is particularly the case in such a high-consumption nation as the US.

    The US has been described as a consumer of last resort
    because strong consumer demand has been filled by ever rising imports from other countries. The mutually beneficial relationship between the US and China has enabled the rise of the middle class in China. Trump’s tariffs may shift this, causing geopolitical tensions and economic instability.

    Australia’s response: pausing the digital services tax

    While these tariffs primarily harm US consumers, Australian businesses will also feel the effects. However, it is unclear to what extent. Notably, one main export to the US, unprocessed agricultural products such as beef, are GST-free and should not be subject to any retaliatory tariff.

    However, many other Australian exports could be disadvantaged. Trump’s policies will raise the cost of Australian imported goods in the US market, potentially making them less appealing to US consumers.

    The threat of these tariffs is clearly a problem for a federal government facing an impending election, and Prime Minister Anthony Albanese has so far responded cautiously. While a diplomatic approach may secure a minor concession, it’s in stark contrast to Canada’s firm stance, which included immediate threats of retaliatory measures.




    Read more:
    Whether we carve out an exemption or not, Trump’s latest tariffs will still hit Australia


    Trump’s use of tariff threats as a negotiating tactic does appear to be having the desired effect, with a potential suspension of Australia’s proposed big tech levy. This proposal would have imposed a tax on major tech firms such as Meta and Google if they did not reach a direct agreement with local media companies.

    Reports indicate the government has put this proposal on hold due to the risk of retaliatory tariffs from the US. Such a tax would likely have invoked the wrath of the US administration, with the digital services levies of Canada and France specifically referenced in the most recent White House tariff announcement.

    It is fair to say the White House statement deliberately misleads any reader into thinking that tariff percentages directly impact on trade volumes.

    This statement ignores a fundamental principle that has made international trade so appealing since World War II – and why economists have argued in support of it for hundreds of years. Countries produce and trade the goods and services at which they are efficient. Efficiency leads to lower costs which, all else being equal, means consumers are better off.

    The statement from the White House, together with Trump’s past pronouncements, demonstrate that all rules to do with international taxation and fairness have been thrown out.

    This does not appear to be the main concern, however, with Australian negotiators potentially willing to put on hold a crucial policy to ensure the long-term viability of local journalism.

    This is just the beginning. Anyone who felt some comfort and safety in the strength of our own democracy should carefully consider the overreach that is occurring through these threats.

    Felicity Deane 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. Is Australia’s GST a tax or a tariff? And why has it become a target in the trade wars? – https://theconversation.com/is-australias-gst-a-tax-or-a-tariff-and-why-has-it-become-a-target-in-the-trade-wars-250041

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Nations: Committee on the Elimination of All Forms of Discrimination against Women Holds Half-Day General Discussion on Gender Stereotypes

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women today held a half-day general discussion on its proposed general recommendation on gender stereotypes.

    In opening remarks, Nahla Haidar, Committee Chairperson, said gender stereotypes created false beliefs, inhibitive gender roles and discrimination. The Committee hoped to prepare guidelines that would help States to address these stereotypes, and counter myths and common excuses as to why gender stereotypes continued to be perpetuated, such as cultural and religious reasons.

    Peggy Hicks, Director, Thematic Engagement, Special Procedures and Right to Development Division, United Nations Office of the High Commissioner for Human Rights, said in introductory remarks that the general recommendation would provide guidance on State obligations to address gender stereotypes as root causes of gender-based discrimination.  She expressed hope that it would strengthen standards, principles and guidance to eliminate all forms of gender stereotypes.

    In her introductory remarks, Natalia Kanem, Executive Director, United Nations Population Fund, said that currently, around the world, there were immense pushbacks against women and girls in all their diversity.  In this uncertain moment, all parties needed to stand with women and engage actively in developing this general recommendation.  The work of the Committee saved and transformed lives; it needed to continue.

    Nyaradzayi Gumbonzvanda, Deputy Executive Director, United Nations Women, said gender stereotypes were barriers to the human rights of women and girls.  They restricted education, jobs, leadership, health and justice, fuelling inequality and violence, silencing women and denying freedoms.  General recommendation 41 presented a decisive opportunity to dismantle gender stereotypes at their core.

    Bandana Rana and Rhoda Reddock, Committee Experts and Co-Chairs of the Committee Working Group on gender stereotypes, also made introductory statements, calling on all stakeholders to support and provide input for the general recommendation.

    After the introductory remarks, the Committee held a panel discussion on gender stereotypes, hearing presentations from Adriana Quinones, Head, Human Rights and Development, United Nations Women; Joni van de Sand, Global MenEngage Alliance; Paola Daher, Women Deliver; Alexandra Xanthaki, United Nations Special Rapporteur in the field of cultural rights; and Marwa Sharafeldin, Musawah.

    Following the panel discussion, States parties, United Nations agencies, and civil society representatives delivered oral statements. Speaking were Malta, Andorra, Poland, Canada, Vanuatu, Cyprus, Japan, Chile, Maldives, Ukraine, Austria, Azerbaijan, United Arab Emirates, Mexico, Bulgaria, Israel, Venezuela, Bolivia, Spain, United Nations Educational, Scientific and Cultural Organization and Nepal.

    Also speaking were Consortium for Intersectional Justice, Observatorio Iberoamericano Contra la Violencia de Género, Duch Cedaw Network, WILPF, Center for Reproductive Rights, European Network of Migrant Women, Tania Sordo Ruz, Nordic Model Now, and Ilga World.

    The Committee on the Elimination of Discrimination against Women’s ninetieth session is being held from 3 to 21 February.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet at 5 p.m. on Friday, 21 February to close its ninetieth session.

    Introductory Remarks

    NAHLA HAIDAR, Committee Chair, welcomed all participants to the meeting.  She said that the Committee was mandated to issue recommendations to States parties and provide guidance on themes related to women’s rights.  The discussions to be held today would focus on the Committee’s proposed general recommendation on general stereotypes, which the Committee urged all stakeholders to support.  Gender stereotypes created false beliefs, inhibitive gender roles and discrimination.  Measures needed to be implemented to combat them.  The Committee hoped to prepare guidelines that would help States to address these stereotypes, and counter myths and common excuses as to why gender stereotypes continued to be perpetuated, such as cultural and religious reasons.

    PEGGY HICKS, Director, Thematic Engagement, Special Procedures and Right to Development Division, United Nations Office of the High Commissioner for Human Rights, said she could not think of a timelier topic.  The general recommendation on gender stereotypes would provide guidance on State obligations to address these stereotypes as root causes of gender-based discrimination.  She expressed hope that it would strengthen standards, principles and guidance to eliminate all forms of gender stereotypes.

    Gender stereotypes were justified under the banners of “tradition,” “culture,” “religion” or even “nature.”  They often stemmed from patriarchal systems that tolerated or affirmed unequal power relations, based on the idea that women were inferior to men.  Discriminatory practices against women and girls needed to be eliminated, regardless of their origins, including those perpetuated in the name of culture or religion.

    The impacts of gender stereotyping began in the family and were apparent in every aspect of the lives of women and girls.  Gender stereotyping normalised violence against women and girls, politicised their reproductive functions, and denied them equal participation in political life and economic opportunities.  Women who did not conform to gender stereotypes or who openly contested them were particularly exposed to discrimination, violence and criminalisation.  

    It was crucial to address stereotypes that manifested first in the family and were then perpetuated in education systems and all aspects of society, including virtual spaces.  Transforming education systems to eliminate gender stereotypes was essential; human rights-based education was a powerful tool to dispel stereotypes.

    The discussion would address the unique vulnerabilities faced by women and girls who experienced combined stereotypes based on gender and other grounds, such as ethnicity, socioeconomic status, disability and age.  The general recommendation needed to address how to rectify the impact of intersecting forms of stereotypes, resulting discriminations and corresponding State obligations.

    Gender stereotypes trapped men and boys, conditioning them to embrace harmful ideas of masculinity.  Men and boys needed to challenge unequal power relations and structures, recognising how patriarchy privileged them and how gender equality liberated all.  Combatting gender stereotypes demanded a comprehensive approach involving the transformation of laws, policies and societal structures.  

    The general recommendation would enable States parties to change and transform gender stereotypes, paving the way for the full realisation of all human rights for all women and girls.  The Office of the High Commissioner for Human Rights was ready to support this work.  It had concrete analytical tools and the mandate and expertise to monitor these issues, provide technical assistance, and build the capacity of key stakeholders.

    NATALIA KANEM, Executive Director, United Nations Population Fund, said it was currently a moment of grave import for the rights of women and girls. Around the world, there were immense pushbacks against women and girls in all their diversity.  Fierce opposition was threatening progress on several fronts.  It was welcome that maternal mortality had dropped by a third, and more than 160 countries had passed laws to address domestic violence. 

    However, the United Nations Population Fund regularly heard stories like those of Amena’s, who had been informed at age 13 by her parents that she was to be married.  The Fund had helped Amena to stand up for her rights and she was able to return to school.

    Gender stereotypes perpetuated stigma and shame around girls’ sexuality, and they posed significant risks to economic and social stability, contributing to the gender wage gap. Poverty often wore the face of a woman. Stereotypes also often led to gender-based violence, particularly online.  Discrimination severely limited the participation of women and girls in the digital space.  The ripple effects of these stereotypes drove political polarisation, fractured communities and exacerbated inequality.  They contributed to a world where progress and peace were illusive. 

    Gender discrimination was compounded by factors such as age, race and disability status.  The Fund was training healthcare workers to provide non-judgemental care for women, so women could make informed choices about their bodies and lives.

    Gender stereotypes were perpetuated in all segments of society.  The Fund was empowering girls to become leaders and was working to create a digital world that was safe and accessible for everyone.  It was also working with boys and men to ensure that they were not trapped by gender stereotypes.  It would continue to support policies and programmes that aimed to address harmful social norms.  The Committee needed to formulate processes that would give women their own money, self-agency and bodily autonomy.

    In this uncertain moment, all parties needed to stand with women.  All stakeholders needed to engage actively in developing this general recommendation.  This was not the time to roll back the clock on women’s rights.  The work of the Committee saved and transformed lives. It needed to continue.

    NYARADZAYI GUMBONZVANDA, Deputy Executive Director, United Nations Women, said United Nations Women was proud to support general recommendation 41.  Gender stereotypes were barriers to the human rights of women and girls.  They restricted education, jobs, leadership, health and justice, fuelling inequality and violence, silencing women and denying freedoms.  

    Gender stereotypes’ impact was clear in politics, where women faced double standards, exclusion and relentless scrutiny.  They also fuelled violence and impunity, with women and girls too often being valued first as wives and daughters, and not as full human beings with rights.  Stereotypes further dictated economic power, with women being denied inheritance rights.

    United Nations Women commended its Member States for adopting strong regional frameworks to combat gender-based violence and discrimination, including the Belem do Para Convention, the Istanbul Convention, and the African Union Convention on Ending Violence against Women.  Commitments needed to translate into action.  Lifting reservations to the Convention, which weakened protections and kept barriers in place, was urgent.

    General recommendation 41 presented a decisive opportunity to dismantle gender stereotypes at their core.  The year 2025 marked 30 years since the Beijing Declaration and Platform for Action.  It was also the final stretch toward the expiration date of the Sustainable Development Goals, which pledged to end harmful practices against women and girls. General recommendation 41 was a critical tool for transformation that needed to be acted on immediately.

    BANDANA RANA, Committee Expert and Co-Chair of the Committee Working Group on Gender Stereotypes, said the Committee, at its eighty-fourth session, had agreed to start the elaboration of a general recommendation on gender stereotypes.  Harmful gender stereotypes were one of the biggest stumbling blocks to gender equality.  They contributed to unequal representation in workplaces and policies, and contributed to gender-based violence. 

    The Convention called on States to challenge traditional norms that limited women’s’ representation in all areas of society.  The general recommendation would dismantle discriminatory stereotypes and provide guidance on addressing these stereotypes and creating a more just society.  Together, they could create more equitable societies, as envisioned by the Sustainable Development Goals.  Ms. Rana called on all stakeholders to actively contribute to the general recommendation, dismantle gender stereotypes, and build a future where everyone could thrive without barriers.

    RHODA REDDOCK, Committee Expert and Co-Chair of the Committee Working Group on Gender Stereotypes, said gender stereotypes were based on ideas, attitudes, belief systems and patriarchal structures that existed in all societies.  They reflected the notion of women being inferior to men. The Convention called on all States parties to modify social patterns and cultural practices that were based on stereotyped roles of men and women.  Stereotypes often changed, and new ones were regularly created.  Women’s structured inferiority moved with them to all activities where they predominated.  This issue was central to the equal valuing of women and men.  Ms. Reddock called on all stakeholders for support as the Committee developed the general recommendation.

    Summary of Statements by Panellists

    After the introductory remarks, the Committee held a panel discussion on gender stereotypes, hearing presentations from Adriana Quinones, Head, Human Rights and Development, United Nations Women; Joni van de Sand, Global MenEngage Alliance; Paola Daher, Women Deliver; Alexandra Xanthaki, United Nations Special Rapporteur in the field of cultural rights; and Marwa Sharafeldin, Musawah.

    Many speakers expressed concern that currently, women’s rights were under threat from those with immense power.  There was a mounting backlash against diversity, inclusion and lesbian, gay, bisexual, transgender and intersex rights, and new policies and platforms for discrimination were emerging.  Stereotypes between men and women were becoming more apparent and legitimised.

    Speakers said gender stereotypes were key pillars of patriarchal domination and power. They did not emerge in a vacuum; they were used to determine roles and behaviours that conformed to power relations, and they became stubbornly resistant over time.  They had a negative impact on the full realisation of the rights of women and girls, including their rights to work, education, and sexual and reproductive health.  Persons who challenged traditional notions of the family faced discrimination.  Gender stereotypes often intersected with stereotypes related to race, class and other aspects. 

    Speakers expressed national measures implemented to address gender stereotypes and promote gender mainstreaming, and offered the Committee support in addressing gender stereotypes.

    One speaker said an increasing number of young men in the world thought that gender equality had gone too far.  Transforming stereotypes against men was crucial in advancing gender equality.  A key strategy in this regard was to promote masculinity rooted in concepts of care and environmental protection, they said. The general recommendation needed to elaborate on how transforming gender stereotypes was relevant to men and masculinities.

    Another speaker said the Committee needed to recognise that stereotypes were not perpetuated by the abstract concept of “culture”.  The general recommendation needed to recognise that women’s rights and agency came from culture.  The general recommendation needed to recognise that it was how culture was being used by elites that made it harmful. 

    The rights enshrined in the Convention belonged to all women, including lesbian, bisexual, transgender and intersex women, one speaker said.  Womanhood needed to be recognised through self-identification.  The Committee needed to continue to eradicate stereotypes in international law regarding the definition of a woman.

    One speaker said that religion, law and the family were fields where transformative change was possible to dismantle gender stereotypes.  Religion was a source of law and it affected social norms and stereotypes.  There was patriarchal religious discourse and religious discourse that promoted gender equality.  States needed to make a choice about the religious discourse used in law and practice. The speaker noted efforts to combat gender stereotypes by changing interpretations of religious texts. 

    Several speakers gave recommendations regarding the content of the general recommendation.  One speaker said it needed to have a multi-layered institutional approach that was cognisant of power relations, while another called for the general recommendation’s scope to be expanded to promote counter narratives to gender stereotypes.  Another recommendation was for full effective and meaningful participation of women and girls to be captured in the general recommendation.

    Panel Discussion

    Representatives of States, United Nations agencies and civil society then took the floor, with speakers, among other things, expressing support for the elaboration of a general recommendation on gender stereotypes that would contribute to eliminating gender stereotypes and their adverse effects on women and girls, and to promoting the rights of all women and girls.

    Many speakers said gender stereotypes impeded the participation of women in all areas of public and private life and subconsciously affected how all behaved.  Stereotypes led to the subordination of women and girls, wage gaps, discrimination and gender-based violence.  They limited the potential of women globally and progress toward Sustainable Development Goal Five.  Women and girls continued to bear the brunt of conflict and climate change.  States had a responsibility to combat these stereotypes.

    Speakers said that in many countries, there was a pushback against feminism, which was misinforming the public and slowing progress. It was imperative to prevent backsliding.  In this context, the United Nations and other international bodies needed to expand, not restrict, definitions of gender, one speaker said.

    Some speakers said that in the digital world, harmful messaging and sexist discourse were affecting women and girls.  Online pornography and prostitution promoted violence against women and perpetuated stereotypes, while online hate speech reinforced gender stereotypes, silenced women’s voices, and limited their political participation.  The Committee needed to examine how gender stereotypes permeated online discourse. Some speakers said that artificial intelligence was perpetuating and amplifying harmful gender stereotypes against women.  Measures needed to be implemented to eliminate gender biases in artificial intelligence.  One speaker called for the promotion of women’s participation in the technological sector.

    Speakers expressed support for the elimination of all harmful stereotypes against women and girls.  All parties needed to cooperate to build a fair and equitable society for women and girls.  Governments needed to recognise the crucial role of civil society organizations in protecting women’s rights and countering stereotypes.  Stereotypes needed to be recognised and countered.  Stakeholders needed to reshape restrictive masculinities and reinforce positive gender norms.  International regional frameworks, including the Convention, needed to be implemented to build a more prosperous future for all.  Encouraging social awareness of stereotypes was crucial in combatting discrimination and promoting equality.

    Some speakers said gender stereotypes were cross-cutting, affecting various marginalised groups.  Intersectionality was a necessary lens for addressing gender stereotypes.  Speakers also called on the Committee to adopt a decolonial approach and embrace indigenous approaches to women’s rights, and consider the rights of lesbian, bisexual, transgender and intersex women and girls.  One speaker said the Committee needed to oppose the patriarchy and contribute to dismantling it.

    The Committee needed to elaborate on biases in gender-based roles and their impact on society, one speaker said.  Another speaker called for the general recommendation to consider the link between stereotypes and women’s unpaid care work. The Committee needed to note the importance of awareness raising campaigns in breaking down stereotypes. One speaker said the general recommendation needed to challenge how gender stereotypes influenced security systems.

    Some speakers said the general recommendation needed to consider the cultural sensitivities of all States parties. Actions and decisions needed to align with States’ unique customs, they said.  One speaker called on the Committee to reflect on the positive influences of culture and religion on promoting women’s rights.

    Speakers presented legislative and policy initiatives to counter gender stereotypes and address intersectional discrimination; promote women’s participation in the workforce, political bodies and education, including in science, technology, engineering and maths education; revise textbooks to remove gender stereotypes; promote the access of women and girls to health and reproductive rights; combat human trafficking; repeal discriminatory laws; collect data on the prevalence of gender discrimination; promote the use of parental leave and the participation of men in care work; and empower vulnerable women.

    One speaker asked the Committee whether the general recommendation would consider the connection between unilateral coercive measures and gender stereotypes.

    Closing Remarks

    ANTTI KORKEAKIVI, Chief, Human Rights Treaties Branch, United Nations Office of the High Commissioner for Human Rights, expressed gratitude to all speakers for their invaluable contributions.  The dialogue had demonstrated how deeply gender stereotypes affected women and girls in all aspects of life.  The general recommendation had the potential to dismantle gender stereotypes and help women and girls to realise their potential.  The inputs of all stakeholders would inform the Committee’s efforts to elaborate the general recommendation.  The Office of the High Commissioner for Human Rights looked forward to the positive impact that the general recommendation would have on the lives of women and girls globally.

    NAHLA HAIDAR, Committee Chair, said all stakeholders’ inputs had been very valuable.  This general recommendation needed to ensure that no one was excluded from protection. The Committee would consider the Convention’s perspective on intersectionality, which was captured in the Committee’s general recommendation 28.  The current general recommendation needed to meet the requirements of women and girls all over the world.  Speakers had expressed a diversity of views on the subject, and the Committee would consider all these views.  In closing, Ms. Haidar thanked all speakers that had participated in the meeting, including more than 40 States parties.

    ___________

    CEDAW.25.052E

    Produced by the United Nations Information Service in Geneva for use of the information 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.

    MIL OSI United Nations News

  • MIL-OSI Asia-Pac: Text of Vice-President’s Address at Indian Institutes of Science Education and Research (IISER), Mohali (Excerpts)

    Source: Government of India

    Posted On: 17 FEB 2025 6:48PM by PIB Delhi

    Good afternoon all of you. If there has been some disruption in your normal activity, because as Vice-President of the country, I take it as my prime obligation to connect with young minds and important institutions. It is from that perspective I solicited this invitation.

    I am grateful that it was accepted. Professor Anil Kumar Tripathi, Director IISER, a man who brings on the table huge experience, commitment, and in his brief address he has revealed the object, the performance and the potential. Professor Renu Vig, Vice-Chancellor, Punjab University, has two distinctions.

    One, she is the first ever woman Vice-Chancellor of the Punjab University, a very prestigious university. I am sure we can applaud her, and, she is the 14th Vice-Chancellor, appointed by a Chancellor, who happens to be the 14th Vice-President of the country, that’s myself. Both of us missed number 13 very narrowly. Professor R.P. Tiwari, Vice-Chancellor, Central University of Punjab. Have you noticed something unique here? There are three Vices. So, Professor Anil Kumar Tripathi can be happy and delighted. Unless he says that prefix of Vice does not mean vice as it is defined in the dictionary, I would not reflect upon myself. But I can assure you, Vice-Chancellor Renu Vig and Vice-Chancellor R.P. Tiwari have no Vices.

    This is a unique Institution and 7 being in number. Having been Governor in the State of West Bengal for three years, I am aware of these Institutions and the seminal role they play in the evolution of the heart. Every institution is defined by the faculty, and I greet members of the faculty who are very distinguished and are futuristic in their outlook, whatever little I have gathered. We as a nation can take pride that we have an unparalleled legacy unknown to other nations. That long, and if we traverse our civilisational journey of 5000 years, we will find Bharat had been glory of the world,epicenter of knowledge and culture. People from all over the world flocked in pursuit of knowledge. That is your motto. What a motto you have picked up. Nalanda, Taxila, people came from all over the world in search of knowledge, shared knowledge and wisdom.

    We at the moment are at a very critical juncture, and I say so with some amount of nostalgia. I got into the seat of governance 35 years ago when I was elected to Parliament (Lok Sabha) and had the good fortune to be a Minister. I know the situation there. The mood of the nation. Our worrisome foreign exchange disturbed Jammu and Kashmir. I saw it all around, and our government didn’t last long, not because of me. And what I see now, 180 degree difference. The nation has an environment of hope and possibility. Our global image is very high.

    Leadership of the Prime Minister is globally acknowledged. And we have traversed against heavy winds. Difficult terrain. From fragile five economies to the world’s largest five economies at the moment. Ahead of those who ruled us for centuries, the Great Britain. It is a matter of time. That we will be marching ahead of Japan and Germany also to be the third largest in about a year or so. Such a jump. When I was elected first in parliament I had no courage to dream. Then that was the time, young boys and girls, where a Member of Parliament felt really an authority because he or she could give 50 gas connections or 50 telephone connections in a year. Imagine where we have come. In the shortest possible time, 550 million people of the country benefited from banking inclusions. They never had that account.

    Over 100 million households have toilets. Cooking gas in every house, electricity in every house, internet in every remote corner, health centres and education centres around, road connectivity, everything is happening. World class infrastructure we are seeing of global benchmark, and therefore, as I said this morning also, no nation in the world has grown as fast in the last 10 years as Bharat. This has created a challenge. A challenge of aspirational youth. They want more. They are entitled to more because they have tasted development. They see it on the ground. They know that per capita internet consumption of India is more than that of US and China taken together, that speaks of our access to technology and adaptability of technology.

    When it comes to direct transfers, a service delivery driven by technology, our direct digital transactions are four times the combined transactions of USA, UK, France and Germany. We are a nation where global entities, International Monetary Fund, World Bank are appreciating us. I recall my days in 1990 as a minister.

    Our gold had to be shipped in an aeroplane to be placed to two banks in Switzerland because our foreign exchange was around 1 billion US dollars. Now it is 700 times. And not a cause of concern, and therefore, the challenge is how do we meet aspirations of our young minds and my message to young minds. Seriously, look around, the opportunity basket which for you is getting larger and larger by the day. Come out of these silos and groove that are defined jobs only with the government or working in a corporate.

    Startups, unicorns are doing wonders. Let me tell you, IITs and IIMs have given these unicorns. But about 50% are from other institutes. I know the potential this country has because I have been to ISRO. Seen for myself. I have seen emerging space economy, there I came to learn for the first time when our rocket had to be put in space. It was not from Indian soil, and now we put rockets of other countries, USA also, developed countries also, Singapore also, from our and make money. Good value for money. Chandrayaan, Gaganyaan – They are defining us.

    I had the good occasion to have discussion with S. Somnathan, ISRO chairman, he was till recently, now V. Narayanan. Their fire, their zeal, their commitment, very different. In Bangalore, Govindan Rangarajan, Indian Institute of Science, and Dr. Clyde Shelby. I had the occasion to see personally what kind of innovations are being done for larger public welfare by scientific and industrial research. I say so because a country’s reputation, image, power is to be defined by research.

    Research is the bedrock of economic supremacy and global distinction. There was a time when we did not bestow attention on research and we thought somebody will give it to us with a price. And that someone will decide how much to give, on what terms to give but now, we have changed that. Nations that lead in research have global respect in economy, in strategy. And countries depend on them. Just imagine how far we have gone when it comes to meteorological predictions. We are one of the best in the world. As Governor-General of West Bengal, and the state is prone to cyclones, super cyclones, there was no mortality on high seas. The prediction was very accurate. Scientific prowess defines strategic prowess. Conventional wars are gone.

    And we have an ancient legacy of having been researchers, discoverers, giving to the world right from zero in arithmetic or mathematics. Aryabhatta, Brahmagupta laid foundations of global mathematics. Our scientific pantheon, Raman known by Raman effect, Bose, Sarabhai, Chandrasekhar, Shah, Bhatnagar, and our former president, they define India’s research mind, orientation. They exemplify commitment to research. And look at those days, we were in colonial shackles. Raman effect discovered against colonial scepticism.

    It stands as a testament to our Indian scientific beliefs. Cutting edge research is demand of the times. And the research has to correlate to fulfil the needs of the society. A research that is to be put on the shelf, a research that is for the self, a research that embellishes the profile, a research that contributes only to credentials is not the research. A research that only scratches the surface is not the research. The research has to be authentic.

    The research must create a wave. It must have positive, cascading impact on the lives of the people. Industries, business, trade and commerce are driven by research. At the moment, boys and girls, we are living in times we never imagined. You are facing those times as much as I am doing. We call them Artificial Intelligence, Internet of Things, Blockchain, Machine Learning and the kind. Blockchain for some may be Blockchain. Machine Learning may be Machine Learning only. But look at the power these technologies have.

    And these technologies are known as disruptive technologies. But these technologies come with enormous challenges that can uproot us. But they come also with a basket of opportunities. And we must focus on unleashing opportunity out of these disruptive technologies. Our research has to come up to that mark. It is our good fortune that the government is alive to the situation.

    And we as a nation, home to one sixth of humanity, are at the moment focussing on these technologies. Our quantum computing. There is a reflection by the director. About 6 lakh or 8 lakh jobs will be created out of investment of 6 lakh crores. Quantum computing, there is allocation of 6,000 crores and 18,000 crores for green hydrogen mission. These are the opportunities for you people. Space economy, blue economy. These are the opportunities for you.

    And therefore research has to facilitate life of the ordinary person. To improve our industry, our administration. A nation of 1.4 billion and a rich human resource unrivalled in the world. If it is catalysed and activated by temperament of research, the results will be exponential, geometric and revolutionary. Because now Bharat is no longer a nation with a potential. Our rise is unstoppable for last few years.

    It is incremental. And therefore, there has to be a greater commitment that research in the country is in the big league, in the Platinum category. And for that, the faculty has to brainstorm. We cannot have satisfying moments. As reflected by a Greek philosopher much before Socrates’ era, Heraclitus, Boys and Girls, now we are having change every moment. Paradigm shift.

    We are virtually at an industrial revolution. Unknown to the humanity before. And if nations have to go ahead of others, we have to focus on research. There was a time in Silicon Valley otherwise we could hardly see an Indian. And there is now hardly a global corporate that doesn’t have an Indian man or woman at the peak. Our demographic dividend now requires universalist engineering, mathematics. And that is why, after more than three decades, a game-changing education policy was introduced. And that was to give you enough room so that you can go after your aptitude and distance from the package of just degrees.

    I will take the occasion to appeal to corporates that they must come forward to drive the engines of research. Liberally contribute because ultimately they are the beneficiaries. Alongside the government they should be making liberal contributions beyond their CSR funds. If you look at the global corporates, how much they invest you will be surprised. We take pride in the last five years. We have increased our research fiscal commitment in the corporates to 50% above.

    From 0.89% of their revenue to 1.32% of their revenue. I find it deficient. Investment has to be many times more. We take pride also because earlier things were not moving. Now things are moving. When things are moving, we notice a change. Patents have nearly more than doubled in the last ten years. But our patents must be in consonance with our demographic participation in the world. One-sixth we must have. Because we are one-sixth of humanity. And this one-sixth of humanity qualitatively is very different than one-sixth. And therefore, taking note of technology access and adaptability, we need to be in optimal performance mindset.

    Imagine a country where 100 million farmers, three times a year, get direct banking transfers. Young boys and girls were not aware, there was a time when corruption was the password for opportunity, recruitment or business licence. Power corridors were leveraged by lies and agents. All this neutralised. And neutralised also through technological applications. Because middlemen have been shown the door. So when I look at your institute, Director, science, education and research, the triangle, this defines your role. Pursuit of knowledge. It starts with education. Because education as a transformative vehicle is very powerful. It brings about equality. Any one of you can have unicorn and be in the big league of industry. You don’t have to look to the situation. That yes, my father was in the industry, that’s true. We need to fight by technology. That’s the sin we are facing. So education. In education, science is important.

    Because science unfolds your mind to generate creativity, innovation. And then the next step is research. A combination of these will unlock the enormous potential of Indian mind. Will make available avenues and vistas to our population. Every nation hopes to be self-reliant. But we as a nation are very large. Complex on occasions. When the nation is growing so fast, some of us, the number is very small. The traction is large. Put personal interest, commercial interest, political interest, above national interest. This can’t be allowed. This is unfair to boys and girls.

    This is unfair to everyone, because if in our democracy there is someone as a class more serious, significant stakeholder in democracy and growth, than any one of us sitting here, is the youth of the country. Because as we march for Viksit Bharat after 2047, you are the driving force behind engines of growth. And therefore we have to give new dimension now. Make in India, start up India. And look at technology. It has to get into healthcare.

    Technology has to get into education. Technology can catalyse that quality health and quality education is available to one and all. And if that happens, Bharat will be what it has been for centuries.Our lean period started in 12th century. Then marauders came, invaders came, recklessly destroyed our culture. They sacrileged our religious places to an extent that they put their own at the same place. Then came the Britishers who did not give us the education to rule ourselves. They gave us education and taught us history as suited to them. Now things have changed. We are much ahead of UK in economy. We have a bunch of institutions now all over the country. IITs, IIMs, Institutions like yours, and therefore we must have this ecosystem with ears and eyes on the ground. The litmus test is changing the life of the ordinary man. We all stand committed to that because that is our preamble.

    We the people of India want these things. I conclude for time constraint. What Vivekananda said, “Arise, awake, stop not till the goal is achieved”. A motto which you must have. From my side I can give it to you. Have no tension, Have no stress, Never fear failure. Failure is natural. Sometimes you will be surprised, Oh he has succeeded, he should not have succeeded, take it in stride. System is transparent, there will be aberrations. Sometimes you will find, Oh! my own success is unjustified. These are situations natural to us, and then Dr. Kalam whose heart was always in education. I recollect when he met his maker. He was with the students in the North East, and what he said I quote,

    “Dreams transform into thoughts, and thoughts result in action” and therefore my ultimate plea with you, If an idea occurs to you don’t allow your mind to be a parking ground for that idea because you fear you may fail. Get rid of it. Failure is a myth because there is no one who has not failed but they never took failure as failure. Chandrayaan 2 was failure for some who are critics, who are recipe for negativity. Chandrayaan II did not fail, It went that far, and Chandrayaan III did the rest. Let your innovations catalyse India’s scientific renaissance, and advance human progress because we are a country that believes in ‘Vasudhaiva Kutumbakam’ – One Earth, One Family, One Future, that was our motto to the entire world.

    Once again, I am grateful to the Director for making available this opportunity to me at a very short notice. I understand that there has been some inconvenience, I would urge that you overlook it.
    Thank you so much.

    *****

    JK/RC/SM

    (Release ID: 2104169) Visitor Counter : 15

    MIL OSI Asia Pacific News

  • MIL-OSI Europe: Written question – Sale of Meteor missiles to Türkiye – E-000419/2025

    Source: European Parliament

    Question for written answer  E-000419/2025/rev.1
    to the Commission
    Rule 144
    Loucas Fourlas (PPE)

    According to intelligence, Türkiye has reached an agreement for the supply of Meteor missiles from France. At the very same time, Türkiye’s President Erdoğan, is making public statements that question European borders, claiming that his country’s borders extend to Cyprus and Thessaloniki. Such revisionist positions, combined with Türkiye’s procurement of advanced European weapons, raise serious concerns. It is noted that France had stopped arms sales to Türkiye since the 1970s, but it now appears to be allowing them again, at the very moment that the Turkish leadership is adopting more extreme rhetoric than ever.

    In view of the above:

    • 1.Does the Commission have information at its disposal regarding the sale of Meteor missiles to Türkiye, and if so, which EU Member States have been involved in this transaction?
    • 2.How does the Commission assess the provision of advanced European weapons to Türkiye, given the increasingly aggressive rhetoric of the Turkish leadership towards EU Member States?
    • 3.Will the Commission consider imposing restrictions on exports of military equipment to Türkiye to ensure that the European defence industry does not support destabilising policies?

    Submitted: 30.1.2025

    Last updated: 17 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Lack of protection for Italian investments in Colombia and obligations under the EU-Colombia trade agreement – E-002753/2024(ASW)

    Source: European Parliament

    The EU-Colombia trade agreement[1] does not include investment protection commitments that could provide a basis for EU investors to request arbitration or other related dispute settlement procedure.

    At present such procedures are only available to French and Spanish investors under bilateral investment treaties concluded by their respective Member States with Colombia.

    The Commission has not been made aware of similar difficulties faced by Italian investors, although affected investors may choose not to disclose such information.

    The Commission expects that Colombia will treat EU investors fairly, so that both sides can reap the maximum benefits of the EU-Colombia trade agreement.

    The EU Delegation in Bogota in cooperation with national authorities is closely monitoring the situation of protection of Member States’ investments in Colombia.

    • [1] Trade agreement between the EU and Colombia of 26 June 2012, published in the Official Journal of the European Union on 24 December 2016 (L 356), https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ%3AL%3A2016%3A356%3ATOC
    Last updated: 17 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Legitimacy of the European Democracy Shield – E-000447/2025

    Source: European Parliament

    Question for written answer  E-000447/2025
    to the Commission
    Rule 144
    Pascale Piera (PfE), Markus Buchheit (ESN), Elisabeth Dieringer (PfE), Julie Rechagneux (PfE), Tiago Moreira de Sá (PfE), Milan Uhrík (ESN), Stephen Nikola Bartulica (ECR), Ondřej Knotek (PfE), Aleksandar Nikolic (PfE), Alexander Sell (ESN), Gilles Pennelle (PfE), Marie-Luce Brasier-Clain (PfE), Fabrice Leggeri (PfE), Filip Turek (PfE), Anna Bryłka (PfE), Gerolf Annemans (PfE), France Jamet (PfE), Thierry Mariani (PfE), Philippe Olivier (PfE), Fernand Kartheiser (ECR), Christophe Bay (PfE), Jean-Paul Garraud (PfE), Anna Zalewska (ECR), Angéline Furet (PfE), Laurence Trochu (ECR), Barbara Bonte (PfE), Virginie Joron (PfE), Silvia Sardone (PfE), André Rougé (PfE), András László (PfE), Branko Grims (PPE), Tomasz Froelich (ESN), Csaba Dömötör (PfE), Sarah Knafo (ESN), Julien Sanchez (PfE), Petar Volgin (ESN), Valérie Deloge (PfE)

    On 18 December 2024, the European Parliament voted in favour of setting up a ‘Special Committee on the European Democracy Shield’.

    This special committee follows on from the Commission’s work on the European Democracy Shield, an initiative announced by Ursula von der Leyen on 14 May 2024 during her campaign for the presidency. The special committee’s tasks will include tackling ‘malicious interference’ by state or non-state actors and ensuring the ‘resilience of the Union’ in democratic processes[1].

    Parliament therefore endorses the Commission’s desire to regulate the contours of democracy and to impede the sovereignty of the Member States.

    • 1.Does the unelected Commission have the legitimacy to submit such legislative proposals, in disregard of the Treaties and national competences?
    • 2.What legal bases allow it to intervene in the internal affairs of Member States or third countries?
    • 3.What legal definition underpins the nebulous concepts of ‘malicious actors’ and ‘like-minded partners’?

    Supporters[2]

    Submitted: 30.1.2025

    • [1] European Parliament decision of 18 December 2024 on setting up a special committee on the European Democracy Shield, and defining its responsibilities, numerical strength and term of office.
    • [2] This question is supported by Members other than the authors: Julien Leonardelli (PfE), Pál Szekeres (PfE)

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Commission funding to environmental NGOs to condition the views of Members of the European Parliament – E-000357/2025

    Source: European Parliament

    Question for written answer  E-000357/2025
    to the Commission
    Rule 144
    Carlo Fidanza (ECR), Nicola Procaccini (ECR), Antonella Sberna (ECR), Daniele Polato (ECR), Mariateresa Vivaldini (ECR), Francesco Torselli (ECR), Marco Squarta (ECR), Michele Picaro (ECR), Alessandro Ciriani (ECR), Ruggero Razza (ECR), Chiara Gemma (ECR), Sergio Berlato (ECR), Denis Nesci (ECR), Stefano Cavedagna (ECR), Carlo Ciccioli (ECR), Giovanni Crosetto (ECR), Pietro Fiocchi (ECR), Elena Donazzan (ECR), Mario Mantovani (ECR), Alberico Gambino (ECR), Paolo Inselvini (ECR), Lara Magoni (ECR), Giuseppe Milazzo (ECR), Francesco Ventola (ECR), Georgiana Teodorescu (ECR), Assita Kanko (ECR), Mariusz Kamiński (ECR), Gheorghe Piperea (ECR), Jaak Madison (ECR), Rihards Kols (ECR), Bert-Jan Ruissen (ECR), Aurelijus Veryga (ECR), Diego Solier (ECR), Bogdan Rzońca (ECR), Jadwiga Wiśniewska (ECR), Nora Junco García (ECR), Adrian-George Axinia (ECR), Adam Bielan (ECR), Marion Maréchal (ECR), Veronika Vrecionová (ECR), Ondřej Krutílek (ECR), Dominik Tarczyński (ECR), Alexander Sell (ESN), Tomasz Froelich (ESN), Erik Kaliňák (NI), Ondřej Knotek (PfE), Katarína Roth Neveďalová (NI), Friedrich Pürner (NI), Susanna Ceccardi (PfE), Anna Maria Cisint (PfE), Gerolf Annemans (PfE), Paolo Borchia (PfE), Raffaele Stancanelli (PfE), Céline Imart (PPE), Aldo Patriciello (PfE), Fernand Kartheiser (ECR), Sarah Knafo (ESN), António Tânger Corrêa (PfE), Jorge Martín Frías (PfE), Hermann Tertsch (PfE), Sebastian Tynkkynen (ECR), Margarita de la Pisa Carrión (PfE), Juan Carlos Girauta Vidal (PfE), Juan Ignacio Zoido Álvarez (PPE), Alexandr Vondra (ECR)

    According to Dutch press sources, the previous Commission – under the influence of former Vice-President Frans Timmermans – spent at least EUR 700 000 on funding NGOs promoting green policies, with the explicit aim of lobbying MEPs and influencing their freedom of expression.

    On 22 January 2025, Commissioner Serafin declared that ‘it was inappropriate for some services in the Commission to enter into agreements that oblige NGOs to lobby members of the European Parliament’, acknowledging a serious breach of fairness, transparency and loyal cooperation.

    An additional EUR 15 million may have been allocated by other agencies for the same purpose.

    We therefore ask the Commission:

    • 1.Will it disclose a complete list of the NGOs involved, the funds earmarked for lobbying, related expense reports, beneficiaries, and a complete list of officials overseeing these activities?
    • 2.Will it provide complete lists of the legislative measures targeted, the MEPs approached or those who were earmarked to be approached, the intended outcomes of the lobbying, and what actions the Commission plans to take – including referrals to the European Anti-Fraud Office or the European Public Prosecutor’s Office – to investigate and sanction any irregularities in the work of the Commission, the EU agencies or their officials?
    • 3.Is it aware of similar lobbying initiatives, particularly in relation to environmental, agricultural or migration policies?

    Submitted: 27.1.2025

    MIL OSI Europe News

  • MIL-OSI: Change in the composition of Capgemini’s Board of Directors proposed to the 2025 Shareholders’ Meeting

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Victoire Grux
    Tel.: +33 6 04 52 16 55
    victoire.grux@capgemini.com

    Investor relations:
    Vincent Biraud
    Tel.: +33 1 47 54 50 87
    vincent.biraud@capgemini.com

    Change in the composition of Capgemini’s Board of Directors
    proposed to the 2025 Shareholders’ Meeting

    Paris, February 17, 2025 – The Board of Directors of Capgemini SE, meeting on February 17, 2025, deliberated, based on the report of the Ethics & Governance Committee, on the change in its composition to be proposed to the next Shareholders’ Meeting of May 7, 2025.

    The Board of Directors decided to propose to the 2025 Shareholders’ Meeting, i) the renewal of the terms of office of Messrs. Patrick Pouyanné and Kurt Sievers and ii) the appointment of Mr. Jean-Marc Chéry as member of the Board of Directors, for a term of four years. This proposal is in line with the Board’s ambition to enrich the diversity of its profiles and deepen its industry expertise.

    Mr. Jean-Marc Chéry, a French national, is the President and Chief Executive Officer of STMicroelectronics, a global semiconductor company at the heart of the Intelligent Industry, committed to manufacturing sustainable technologies and offering its customers innovative solutions. He would also bring to the Board his expertise in technology, artificial intelligence, and industry knowledge, particularly in the automotive and energy sectors.

    The Board considers Mr. Jean-Marc Chéry to be independent pursuant to the criteria of the AFEP-MEDEF Code to which the Company refers.

    Assuming the adoption of these resolutions by the Shareholders’ Meeting of May 7, 2025, the composition of the Board of Directors would therefore count 15 directors, including two directors representing employees and one director representing employee shareholders. 83% of its members would be independent1, 40% would have international profiles and 42% would be women1.

    BIOGRAPHY
    Mr. Jean-Marc Chéry

    Mr. Jean-Marc Chéry is STMicroelectronics’ (ST) President of the Managing Board and Chief Executive Officer and has held this position since May 2018.

    Mr. Jean-Marc Chéry is a graduate of the École Nationale Supérieure d’Arts et Métiers (ENSAM) in Paris.

    He began his career in the Quality department of Matra, the French engineering group. In 1986, he joined Thomson Semiconducteurs, which subsequently became ST, and held various management positions in product planning and manufacturing, rising to lead ST’s silicon wafer manufacturing plant in Tours, France, and later in Rousset, France. In 2005, Mr. Chéry successfully led the company-wide 6-inch wafer-manufacturing restructuring program before taking charge of ST’s Front-End Manufacturing operations in Asia Pacific. In 2008, he was promoted to Chief Technology Officer and assumed additional responsibilities for Manufacturing and Quality (2011) and the Digital Product sector (2012). In 2014, he was appointed ST’s Chief Operating Officer responsible for Technology and Manufacturing operations. In July 2017, Mr. Chéry was appointed Deputy CEO with overall responsibility for Technology and Manufacturing, as well as for Sales and Marketing operations.

    He has sat on the Board of Directors of Legrand since 2021 and has chaired its Commitment & CSR Committee since 2023. He is also a member of France Industrie. He has been chair of the Board of Directors at the Global Semiconductor Alliance (GSA) since December 2024. He has served as Chairman of the France – Malaysia Business Council at Medef International since 2018.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2023 global revenues of €22.5 billion.
    Get The Future You Want | www.capgemini.com


    1         The Directors representing employees and employee shareholders are not taken into account in calculating this percentage, in accordance with the provisions of the AFEP-MEDEF Code and the French Commercial Code.

    Attachment

    The MIL Network

  • MIL-OSI Global: When a bishop called on Trump to ‘have mercy’, she was following the old Christian tradition of parrhesia

    Source: The Conversation – UK – By Morwenna Ludlow, Professor of Christian History and Theology, University of Exeter

    Ambrose.

    When Bishop Mariann Budde closed her sermon at the National Prayer Service at Washington National Cathedral on January 21 she called on Donald Trump, who was sitting in front of her, “to have mercy upon the people in our country who are scared now”.

    Trump demanded an apology later the same day from “the so-called Bishop” who he said was “nasty in tone”. Republican congressman Mike Collins even suggested that Budde (a US citizen) should be deported.

    The bishop was building on a long tradition of Christian leaders using bold speech. But the idea of bold speech goes back further – to the concept of parrhesia in democratic Athens when every freeborn male citizen had the right to speak freely in public debates.

    French philosopher Michel Foucault highlighted that with the decline of democracy, parrhesia came to mean boldly speaking truth to power. For instance, in the Roman Empire, it meant having the bravery to speak to an emperor, a governor, or one’s master as if one was their equal.

    Early Christians picked up on this use of the term in the New Testament. The Acts of the Apostles describes the arrest of Peter and John for healing and preaching in Jerusalem and recounts that the assembled “rulers, elders and scribes” were amazed to hear such parrhesia from “uneducated and ordinary men”.

    The apostles were so popular that the council released them after vainly threatening them to keep quiet. Peter and John’s own community of followers was even said to be so inspired by their bold example that they prayed to be given parrhesia too, a prayer which was immediately answered by the gift of the Holy Spirit (Acts 4:29, 31). Parrhesia here is seen as a powerful divine gift which enables ordinary people to challenge dominant religious authorities.

    Several sermons on martyrs from John Chrysostom (who was apppointed as the archbishop of Constantinople in AD397) close with exhortations to emulate a martyr’s parrhesia. Chrysostom’s Discourse on Blessed Babylas and against the Greeks describes a bishop who reprimanded an emperor for murdering a child hostage. Chrysostom praises Bishop Babylas for moderate parrhesia, guided by reason, keeping anger and other emotions in check. It recalls the advice of the philosopher Plutarch in “How to tell a flatterer from a friend”: parrhesia must be respectful, in due measure and at the right moment.

    Babylas’s moderate parrhesia produces astonished admiration from the crowd, but it provoked the outraged emperor to order Babylas’ execution.

    Such stories set expectations for the behaviour of bishops even under Christian emperors. Scholars have shown how bishops have exploited their educational and social standing to leverage limited influence with governors and sometimes even emperors.

    Gregory of Nazianzus tells how his friend Basil, a 4th century bishop, faced down the rage of an imperial representative who “roared like a lion till most men dared not approach him”, threatening “confiscation, banishment, torture, death”. When Basil refused to back down, the astonished official declared that no-one had spoken to him with such parrhesia. “Perhaps you’ve not met a bishop before,” Basil replied. “Generally, we know our place and we submit to the law. But where the interests of God are at stake, we care about nothing else.”

    Two of the most famous examples of bishops who exercised parrhesia against imperial authority were the aforementioned Chrysostom and Ambrose (who became bishop of Milan in AD374). Both Chrysostom and Ambrose wrote substantial treatises which (among other things) defended the priest’s right to censure whomever was guilty of sin. Chrysostom warns that fear of powerful authorities causes people to flatter them rather than speaking the truth. Ambrose makes a similar point, reminding his audience that John the Baptist did not flatter King Herod, despite having reason to fear him. These comments resonate with Foucault’s observation that a speaker addressing someone more powerful must choose between flattery and parrhesia.

    Bishop Budde speaking at Washington National Cathedral.

    But the point of these examples is that by the 4th century there was a strong belief that part of the job of being a bishop was being prepared to speak boldly against wrongdoing – even if the wrongdoer was an emperor. And the power of their parrhesia was not so much the success (or otherwise) of their requests, but the way their bold speech sent ripples out into the wider community.

    It is here that we can identify resonances with the case of Bishop Budde. First, parrhesia involves a direct, public but personal appeal to someone who could normally expect to be in authority over the speaker (the Jewish council of elders, a Roman governor).

    The appeal is often made respectfully, but it is still risky and disruptive. It challenges the addressee’s declared vision of the truth, setting against it the speaker’s own sources of authority, including appeals to the divine.

    In Budde’s case too we find this tension between respect and challenge. In an interview for the New Yorker, Budde reflected that she “needed to honor the office of the President and the fact that millions of people placed their trust in him”.

    By addressing Trump respectfully, she acknowledged he had the authority to be merciful. But in drawing on the authority of scripture, Christian tradition and her episcopal role, she challenged the president’s moral authority on key questions of public policy.

    Basil’s parrhesia astonished the imperial representative, but gave his friend Gregory a model for his own episcopal ministry. Similarly, Budde had a two-fold audience in mind. She used parrhesia respectfully but firmly to challenge the authority of a powerful person who did not expect to be challenged and was outraged when they were.

    It is evident that Budde’s past experience of criticising Trump (she commented in the New York Times about Trump posing for a photo with a Bible in 2020) left her in no doubt that her “audacious” direct appeal to the president would bring anger on herself. But she also addressed a wider audience, intending that “people overhearing me talk to Trump” would hear words of solidarity and hope for them.

    The power of Budde’s speech does not depend on the success of her appeal for mercy but in the disruptive nature of her challenge to Trump’s moral authority and the way it rippled out into wider audiences, provoking astonishment, anger or praise.

    History prompts us to look harder at the power dynamics that create such varied and highly charged emotional responses. Now, as in the ancient world, it is in the absence of an open hearing for all, when bold speech is needed.

    Morwenna Ludlow will receive funding from the Leverhulme Trust for a project on ‘God and Good Speech’ for two years from September 2025. She is a priest in the Church of England and has an honorary role as Canon Theologian at Exeter Cathedral.

    ref. When a bishop called on Trump to ‘have mercy’, she was following the old Christian tradition of parrhesia – https://theconversation.com/when-a-bishop-called-on-trump-to-have-mercy-she-was-following-the-old-christian-tradition-of-parrhesia-248494

    MIL OSI – Global Reports

  • MIL-OSI Global: YouTube at 20: how it transformed viewing in eight steps

    Source: The Conversation – UK – By Alex Connock, Senior Fellow, Said Business School, University of Oxford

    Chay Tee

    The world’s biggest video sharing platform, YouTube, has just turned 20.

    It was started inauspiciously in February 2005 by former PayPal employees Chad Hurley, Steve Chen and Jawed Karim – with a 19-second video of Karim exploring San Diego Zoo.

    That year, YouTube’s disruption of the media timeline was minimal enough for there to be no mention of it in The Guardian’s coverage of TV’s Digital Revolution at the Edinburgh TV Festival.

    Twenty years on, it’s a different story.

    YouTube is a massive competitor to TV, an engagement beast, uploading as much new video every five minutes as the 2,400 hours BBC Studios produces in a whole year. The 26-year-old YouTube star Mr Beast earned US$85 million (£67 million) in 2024 from videos – ranging from live Call of Duty play-alongs to handing out 1,000 free cataract operations.

    As a business, YouTube is now worth some US$455 billion (2024 Bloomberg estimate). That is a spectacular 275 times return on the US$1.65 billion Google paid for it in 2006. For the current YouTube value, Google could today buy British broadcaster ITV about 127 times.

    YouTube has similar gross revenue (US$36.1 billion in 2024) to the streaming giant Netflix – but without the financial inconvenience of making shows, since most of the content is uploaded for free.

    YouTube’s first video: a 19-second look at the elephants of San Diego Zoo.

    YouTube has 2.7 billion monthly active users, or 40% of the entire global population outside China, where it is blocked. It is also now one of the biggest music streaming sites, and the second biggest social network (to Facebook), plus a paid broadcast channel for 100 million subscribers.

    YouTube has built a video Library of Babel, its expansive shelves lined eclectically with Baby Shark Dance, how to fix septic tanks, who would win a shooting war between Britain and France … and quantum physics.

    The site has taken over global children’s programming to the point where Wired magazine pointed out that the future of this genre actually “isn’t television”. But there are flaws, too: it has been described as a conduit for disinformation by fact checkers.

    So how did all that happen? Eight key innovations have helped YouTube achieve its success.

    1. How new creativity is paid for

    Traditional broadcast and print uses either the risk-on, fixed cost of hiring an office full of staff producers and writers, or the variable but risky approach of one-off commissioning from freelancers. Either way, the channel goes out of pocket, and if the content fails to score with viewers, it loses money.

    YouTube did away with all that, flipping the risk profile entirely to the creator, and not paying upfront at all. It doesn’t have to deal with the key talent going out clubbing all night and being late to the set, not to mention other boring aspects of production like insurance, cash flow or contracts.

    2. The revenue model of media

    YouTube innovated by dividing any earnings with the creator, via an advertising income split of roughly 50% (the exact amount varies in practice). This incentivises creators to study the science of engagement, since it makes them more money. Mr Beast has a team employed just to optimise the thumbnails for his videos.

    3. Advertising

    Alongside parent company Google/Alphabet, and especially with the introduction (March 2007) of YouTube Analytics and other technologies, the site adrenalised programmatic video advertising, where ad space around a particular viewer is digitally auctioned off to the highest buyer, in real time.

    That means when you land on a high-rating Beyoncé video and see a pre-roll ad for Grammarly, the advertiser algorithmically liked the look of your profile, so bid money to show you the ad. When that system works, it is ultra efficient, the key reason why the broad, demographics-based broadcast TV advertising market is so challenged.

    4. Who makes content

    About 50 million people now think they are professional creators, many of them on YouTube. Influencers have used the site to build businesses without mediation from (usually white and male) executives in legacy media.

    This has driven, at its best, a major move towards the democratisation and globalisation of content production. Brazil and Kenya both have huge, eponymous YouTube creator economies, giving global distribution to diverse voices that realistically would been disintermediated in the 20th century media ecology.

    5. The way we tell stories

    Traditional TV ads and films start slow and build to a climax. Not so YouTube videos – and even more, YouTube Shorts – which prioritise a big emotive hit in the first few seconds for engagement, and regular further hits to keep people there. Mr Beast’s leaked internal notes describe how to do sequential escalation, meaning moving to more elaborate or extreme details as a video goes on: “An example of a one thru three minute tactic we would use is crazy progression,” he says, reflecting his deep homework. “I spent basically five years of my life studying virality on YouTube.”

    6. Copyright

    Back in 2015, if someone stole your intellectual property – say, old episodes of Mr Bean – and re-broadcast it on their own channel, you would call a media lawyer and sue. Now there is a better option – Content ID – to take the money instead. Through digital rights monetisation (DRM), owners can algorithmically discover their own content and claim the ad revenue, a material new income stream for producers.

    7. Video technicalities

    Most technical innovations in video production have found their way to the mainstream via YouTube, such as 360-degree, 4k, VR (virtual reality) and other tech acronyms. And now YouTube has started to integrate generative AI into its programme-producing suite for creators, with tight integration of Google’s Veo tools.

    These will offer, according to CEO Neal Mohan, “billions of people around the world access to AI”. This is another competitive threat to traditional producers, because bedroom creators can now make their own visual effects-heavy fan-fiction episodes of Star Wars.

    8. News

    YouTube became a rabbit hole of disinformation, misinformation and conspiracy, via a reinforcement-learning algorithm that prioritises view time but not editorial accuracy. Covid conspiracy fans got to see “5G health risk” or “chemtrail” videos, because the algorithm knew they might like them too.

    How can the big, legacy media brands respond? Simple. By meeting the audience where the viewers are, and putting their content on YouTube. The BBC has 14.7 million YouTube subscribers. ITV is exploiting its catalogue to put old episodes of Thunderbirds on there. Meanwhile in February 2025, Channel 4 also announced success in reaching young viewers via YouTube. Full episode views were “up 169% year-on-year, surpassing 110 million organic views in the UK”.

    Alex Connock has worked or consulted for BBC, Channel 4, ITV and Meta.

    ref. YouTube at 20: how it transformed viewing in eight steps – https://theconversation.com/youtube-at-20-how-it-transformed-viewing-in-eight-steps-250083

    MIL OSI – Global Reports

  • MIL-OSI Global: Europe left scrambling in face of wavering US security guarantees

    Source: The Conversation – UK – By Stefan Wolff, Professor of International Security, University of Birmingham

    European leaders are scrambling to respond to what looks like the end of reliable US protection of the continent. It is unclear what the “main European countries” (which includes the UK) might be able to agree at a hastily convened meeting in Paris on Monday February 17. But individual countries, including the UK and Germany, have come forward to put concrete offers on the table for Ukraine’s security, which could include putting their troops on the ground.

    This unusual circling of the wagons was triggered by the 2025 Munich Security Conference, which ended the previous day. It brought to a close a week of remarkable upheaval for Europe, leaving no doubt that two already obvious trends in the deteriorating transatlantic relationship accelerated further.

    What the world saw was unabashed US unilateralism when it comes to the war in Ukraine. Ominously, there was also a clear indication of the extent of American intentions to interfere in the domestic political processes of European countries – most notably the upcoming German parliamentary elections on February 23.

    None of this should have come as a surprise. But the full-force assault by Donald Trump’s envoys to Europe was still sobering – especially once all its implications are considered. What was, perhaps, more surprising was that European leaders pushed back and did so in an unusually public and unequivocal way.

    Over the course of just a few days, two of the worst European fears were confirmed. First, the Trump administration is pushing ahead with its idea of a US-Russia deal to end the war in Ukraine. And all the signs are that Washington plans to leave Ukraine and the EU out of any negotiations and to their own devices when it comes to post-ceasefire security arrangements.

    On February 12, the US president announced he had spoken at length with Russian president Vladimir Putin, and subsequently informed Ukraine’s president Volodymyr Zelensky of the conversation. The same day, US defence secretary Pete Hegseth, confirmed at a press conference after a meeting of Nato defence ministers in Brussels that direct negotiations between Russia and the US would begin immediately. They will not include any European or Ukrainian officials, he said.

    Hegseth also poured cold water on any hopes that there would be robust US security guarantees for Ukraine. He explicitly ruled out US troops for any peacekeeping forces deployed by other Nato members, or that any attack on those forces would be considered an attack on the whole alliance under article 5 of the Nato treaty.

    The European response was swift and, at least on paper, decisive. Right after Hegseth’s comments in Brussels, the Weimar+ group (Germany, France, Poland + Italy, Spain, the United Kingdom, the EU’s diplomatic service and the European Commission) issued a joint statement reiterating their commitment to enhanced support in defence of Ukraine’s independence, sovereignty and territorial integrity.

    On February 14, the EU’s top officials – European council president António Costa and European Commission president Ursula von der Leyen – met with Zelensky on the margins of the conference. They assured him of the EU’s “continued and stable support to Ukraine until a just, comprehensive and lasting peace is reached”.

    The following day, Costa’s speech in Munich reiterated this commitment. Similar to earlier comments by Nato’s secretary general, Mark Rutte, Costa underlined Europe’s determination to “to act better, stronger and faster in building the Europe of defence”.

    But these declarations of the EU’s determination to continue supporting Ukraine do not reflect consensus inside the Union on such a position. Weimar+ only includes a select number of EU member states, institutions and the UK, underlining the continuing difficulties in achieving unanimity on critical security and defence issues. Unsurprisingly, Hungary’s prime minister, Viktor Orbán, issued a scathing condemnation of the Weimar+ statement as a “sad testament of bad Brusselian leadership”.

    Orbán’s comments play right into many Europeans’ fears about another dark side of Trump’s agenda when it comes to transatlantic relations. As foreshadowed in the influential Project 2025 report by a coalition of conservative US thinktanks, the Trump administration is intent on weakening European unity. This will include preventing the UK from slipping “back into the orbit of the EU” and “developing new allies inside the EU – especially the Central European countries”.

    Opening up divides

    The US vice-president, J.D. Vance, used his speech in Munich to claim that the real threat to European security was not coming from Russia or China, but rather “from within”. He went on to chide “EU commissars” and insinuated that Europe’s current leaders had more in common with the “tyrannical forces on this continent” who lost the cold war.

    In Romania, where presidential elections were cancelled after evidence of massive Russian election interference emerged, opposition parties revelled in Vance’s comments that the move had been based on the “flimsy suspicions of an intelligence agency and enormous pressure from its continental neighbours”. The vice-president has further exacerbated political divisions in a key European and Nato ally right on the border with Ukraine.

    Vance subsequently sought out Alice Weidel, the co-leader of the right-wing Alternative for Germany (AfD). The pair reportedly discussed the war in Ukraine, German domestic politics and the so-called brandmauer. This is the agreement between centre-right and left-wing parties in Germany to form a “firewall” to prevent extreme right-wing parties from joining coalitions, which has recently been weakened.

    Their meeting was widely criticised as yet another American attempt for the party to boost its chances at Germany’s upcoming parliamentary elections on February 23. Referring to Germany’s historical experience with Nazism, the German chancellor, Olaf Scholz defended the need to hold the line against far-right political parties like the AfD.

    Polar shift

    There have been many watershed moments and wake-up calls for Europe in the past. What is different now is that a new multipolar order is emerging – and Europe is not one of its poles. Equally importantly, given the determination of this US administration to upend the existing international order, Europe is not a part of any pole anymore either.

    Simultaneously at stake are European unity and the transatlantic relationship. These are the two key pillars that have ensured European security, democracy and prosperity since the end of the second world war. Out of necessity, Europe will most likely have to adjust to a much-weakened transatlantic relationship. But the European project will not survive without unity.

    This is a critical juncture for Europe. The continent needs to define its future place and role in the dysfunctional love triangle of Trump, Putin and Xi, a triumvirate that will shape and dominate the new global order.

    Stefan Wolff is a past recipient of grant funding from the Natural Environment Research Council of the UK, the United States Institute of Peace, the Economic and Social Research Council of the UK, the British Academy, the NATO Science for Peace Programme, the EU Framework Programmes 6 and 7 and Horizon 2020, as well as the EU’s Jean Monnet Programme. He is a Trustee and Honorary Treasurer of the Political Studies Association of the UK and a Senior Research Fellow at the Foreign Policy Centre in London.

    ref. Europe left scrambling in face of wavering US security guarantees – https://theconversation.com/europe-left-scrambling-in-face-of-wavering-us-security-guarantees-249978

    MIL OSI – Global Reports

  • MIL-OSI Global: A short history of the separation of powers: from Cicero’s Rome to Trump’s America

    Source: The Conversation – UK – By Vittorio Bufacchi, Senior Lecturer, Department of Philosophy, University College Cork

    Studies in democracy: Cicero, left, and Donald Trump. Capitoline Museum/Mary Harrsch and EPA-EFE/Will Oliver, CC BY-SA

    In the four weeks since he was inaugurated for his second term as US president, Donald Trump has issued dozens of executive orders – many of which are now the subject of legal challenges on the grounds they exceed his authority under the US constitution. As a result, some will inevitably end up in front of the US Supreme Court.

    What the court rules – and how the Trump administration responds to its judgments – will tell us a great deal whether the separation of powers still works as US founding fathers intended when they drafted the constitution.

    The concept of separation of powers is incorporated into just about every democratic constitution. It rests on the principle of the separation of powers between the three fundamental branches of government: executive, legislature and judiciary.

    It’s what enables the political ecosystem of checks and balances to create the conditions for democracy to exist and freedom to flourish. But if one of the three branches of government dominates the other two, the equilibrium is shattered and democracy collapses.

    We owe this idea of constitutional democracy as a tripartite division of power to an 18th-century French political philosopher, Charles de Montesquieu. He was the author of one of the most influential books to come out of the Enlightenment period, The Spirit of the Laws.

    Published in 1748, this work gradually reshaped every political system in Europe, and had a powerful influence on America’s Founding Fathers. The 1787 US constitution was drafted in the spirit of Montesquieu’s recommendations.

    Modern democracies are more complex than those of the 18th century – and new institutions have developed to keep up with the times. These include specialised tribunals, autonomous regulatory agencies, central banks, audit bodies, ombudsmen, electoral commissions and anti-corruption bodies.

    What all these institutions have in common is that they operate with a considerable degree of independence from the three aforementioned arms of government. In other words, more checks and balances.

    Notwithstanding his immense influence, the idea of a separation of powers at the heart of democracy predates Montesquieu by many centuries. One of the earliest formulations of this idea can be found in Aristotle’s work, the Politics. This includes the argument that “the best constitution is made up of all existing forms”. By this Aristotle meant a mixed government of monarchy, aristocracy and democracy.

    But it was the Romans who developed a working model of checks and balances. The constitution of the Roman republic was characterised by the separation of powers between the tribune of the plebs, the senate of the patricians, and the elected consuls.

    The consuls held the highest political office, akin to a president or prime minister. But since the Romans did not trust anyone to have too much power, they elected two consuls at a time, for a period of 12 months. Each consul had veto power over the actions of the other consul. Checks and balances.

    The greatest advocate of the Roman republic and its constitutional mechanisms, was the Roman philosopher, lawyer and statesman Marcus Tullius Cicero. It was Cicero who inspired Montesquieu’s work – as well as influencing John Adams, James Madison and Alexander Hamilton in the US.

    The Roman republic had lasted for approximately 500 years but came to an end following the violent death of Cicero in 43BC. He had devoted his life resisting authoritarian populists from undermining the Roman republic and establishing themselves as sole despots. His death (on top of the assassination of Julius Ceasar the previous year) are seen as key moments in Rome’s transition from republic to empire.

    Democracy under threat

    Today our democracies are facing the same predicament. In many different parts of the world this simple institutional mechanism has come under increasing attack by individuals hell-bent on curbing the independent power of the judiciary and the legislative.

    In Europe, following in the footsteps of Hungarian prime minister Viktor Orbán, the Italian far-right premier Giorgia Meloni has been pushing for constitutional reforms that reinforce the executive branch of government at the expense of the other two branches.

    Checks and balances: the three branches of government.
    TREKPix/Shutterstock

    The assault on the system of checks and balances has also been identified in Washington. The use and abuse of presidential executive orders is an indication of this growing political cancer.

    During his time as 46th US president, from January 2021 to January 2025, Joe Biden signed 162 executive orders – an average of 41 executive orders per year. By comparison, during his first term Donald Trump’s annual average was 55 executive orders. Barack Obama before him was 35.

    In his first 20 days since returning to the White House Donald Trump has already signed 60 executive orders. This has included pardoning some 1,500 people who were involved in the January 6 insurrection at the US capitol.

    But of much greater concern is the Trump administration’s veiled threats to overturn the landmark decision of the US Supreme Court from 1803, Marbury v. Madison, the case that established the principle that the courts are the final arbiters of the law.

    In recent weeks Trump has openly criticised federal judges who have tried to block some of his most executive orders. He’s been supported by his vice-president, J.D. Vance, who has been quoted as saying that “judges aren’t allowed to control the executive’s legitimate power”.

    Meanwhile the president’s senior advisor, Elon Musk, accused a judge’s order to temporarily block the newly formed Department of Government Efficiency from accessing confidential treasury department data of being “a corrupt judge protecting corruption”.

    So democracy’s delicate balancing act is under serious pressure. If the separation of powers does not hold, and the checks and balances prove to be ineffective, democracy will be threatened.

    The next few months and years will determine whether the rule of law will be displaced by the rule of the strongest. At the moment the odds don’t look good for Cicero, Montesquieu and Madison.

    It takes a brave person to bet on democracy to win this contest, but we live in hope that America will remain the land of the free and the home of the brave.

    Vittorio Bufacchi is affiliated with the Labour Party in Ireland.

    ref. A short history of the separation of powers: from Cicero’s Rome to Trump’s America – https://theconversation.com/a-short-history-of-the-separation-of-powers-from-ciceros-rome-to-trumps-america-249819

    MIL OSI – Global Reports

  • MIL-OSI: Societe Generale: Information regarding executed transactions within the framework of a share buyback program (outside the liquidity agreement)

    Source: GlobeNewswire (MIL-OSI)

    INFORMATION REGARDING EXECUTED TRANSACTIONS WITHIN THE FRAMEWORK OF A SHARE BUYBACK PROGRAM (OUTSIDE THE LIQUIDITY AGREEMENT)

    Regulated Information

    Paris, 17 February 2025

    (In accordance with article 5 of Regulation (EU) No 596/2014 on Market Abuse Regulation and article 3(3) of Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 through regulatory technical standards concerning the conditions applicable to buyback programs and stabilization measures)

    As announced on Thursday 6 February 2025, Societe Generale started on Monday 10 February 2025, an ordinary share buyback program for EUR 872 million for the purpose of shares cancellation.

    Societe Generale received all necessary authorizations from supervisory authorities. These buybacks will be carried out in compliance with the conditions, notably regarding the maximum price, set forth by the General Meeting of 22 May 2024 and presented in the description released on 17 May 2024, as well as in accordance with the Market Abuse Regulation. They are performed on the trading platforms on which Societe Generale shares are listed for trading or are traded, including the regulated market of Euronext Paris.

    Purchases performed during the period from 10 to 14 February 2025 are described below. As of February 14, 2025, Societe Generale has completed 12% of its share buyback program, representing 0.4%* of its share capital.

    The liquidity contract concluded with Rothschild has also temporarily been suspended throughout the buyback period.

    Issuer name: Societe Generale – LEI O2RNE8IBXP4R0TD8PU41

    Reference of the financial instrument: ISIN FR0000130809

    Period: From 10 to 14 February 2025

    * Ratio between the number of shares repurchased and the 800,316,777 shares comprising the current share capital.

    Purchases performed by Societe Generale during the period

    Aggregated presentation by day and market

    Issuer name Issuer code (LEI) Transaction date ISIN Code Daily total volume (in number of shares) Daily weighted average price of shares acquired Platform
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 10-Feb-25 FR0000130809 362 124 35,7689 XPAR
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 10-Feb-25 FR0000130809 199 120 35,7415 CEUX
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 10-Feb-25 FR0000130809 25 000 35,7473 TQEX
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 10-Feb-25 FR0000130809 15 000 35,7792 AQEU
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 11-Feb-25 FR0000130809 398 546 36,1667 XPAR
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 11-Feb-25 FR0000130809 165 000 36,1551 CEUX
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 11-Feb-25 FR0000130809 19 000 36,1305 TQEX
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 11-Feb-25 FR0000130809 12 000 36,1520 AQEU
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 12-Feb-25 FR0000130809 345 676 37,1056 XPAR
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 12-Feb-25 FR0000130809 150 000 37,0716 CEUX
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 12-Feb-25 FR0000130809 19 000 37,0939 TQEX
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 12-Feb-25 FR0000130809 11 000 37,0842 AQEU
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 13-Feb-25 FR0000130809 305 947 37,2202 XPAR
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 13-Feb-25 FR0000130809 202 000 37,2104 CEUX
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 13-Feb-25 FR0000130809 28 000 37,1090 TQEX
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 13-Feb-25 FR0000130809 15 000 37,1341 AQEU
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 14-Feb-25 FR0000130809 347 390 36,9117 XPAR
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 14-Feb-25 FR0000130809 176 000 36,9096 CEUX
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 14-Feb-25 FR0000130809 20 000 36,9106 TQEX
    SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 14-Feb-25 FR0000130809 12 000 36,9131 AQEU
          TOTAL 2 827 803 36,6008  

    Press contacts:

    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    Societe Generale

    Societe Generale is a top tier European Bank with more than 126,000 employees serving about 25 million clients in 65 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

    The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

    • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
    • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
    • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

    Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    In case of doubt regarding the authenticity of this press release, please go to the end of the Group News page on societegenerale.com website where official Press Releases sent by Societe Generale can be certified using blockchain technology. A link will allow you to check the document’s legitimacy directly on the web page.

    For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

    Attachment

    The MIL Network

  • MIL-OSI Global: A new theory explains how water first arrived on Earth

    Source: The Conversation – France – By Quentin Kral, Astrophysicien à l’observatoire de Paris-PSL, CNRS, Sorbonne Université, Université Paris Cité

    How did Earth become a blue planet? NASA, CC BY

    When Earth first formed, it was too hot to retain ice. This means all the water on our planet must have originated from extraterrestrial sources. Studies of ancient terrestrial rocks suggest liquid water existed on Earth as early as 100 million years after the Sun’s formation–practically “immediately” on an astrophysical timescale. This water, now over 4.5 billion years old, has been perpetually renewed through Earth’s water cycle. My research team has recently proposed a new theory to explain how water first arrived on Earth.

    A mystery billions of years in the making

    Astrophysicists have been grappling with the question of how water arrived on our young planet for decades. One of the earliest hypotheses suggested that Earth’s water was a direct byproduct of the planet’s formation, released via magma during volcanic eruptions, in which most of the emitted gas is water vapor.

    However, this hypothesis evolved in the 1990s following analysis of Earth’s water composition and the discovery of the potential role of icy comets, pointing to an extraterrestrial origin. Comets, which are mixtures of ice and rock formed in the distant reaches of the solar system, are sometimes ejected toward the Sun. When warmed by the Sun, they develop striking tails of dust and gas that are visible from Earth. Asteroids, located in the asteroid belt between Mars and Jupiter, were also proposed as potential progenitors of Earth’s water.

    The study of cometary and asteroid rocks via meteorites–small fragments of these bodies that have fallen to Earth–has provided key insights. By analyzing the D/H ratio–the proportion of heavy hydrogen (deuterium) to standard hydrogen–scientists found that Earth’s water more closely matches that of “carbonaceous” asteroids, which bear traces of past water. This shifted the focus of research toward these asteroids.

    The asteroid belt lies between Mars and Jupiter, while the Kuiper Belt extends beyond Neptune.
    Pline/Wikipedia, CC BY

    Recent studies have centered on identifying the celestial mechanisms that could have delivered these water-rich asteroids to the dry surface of early Earth. Numerous theories have emerged to explain the “perturbation” of planetesimals–large, icy bodies in the asteroid and Kuiper belts. These scenarios propose gravitational interactions that dislodged these objects, sending them hurtling toward Earth. Such events would have required a complex “gravitational billiards” process, suggesting a tumultuous history of the solar system.

    While it is evident that planetary formation involved significant upheavals and impacts, it is possible that Earth’s water delivery occurred in a more natural and less dramatic manner.

    A simpler hypothesis

    I started with the assumption that asteroids emerge icy from their formation cocoon, also known as the protoplanetary disk. This cocoon is a massive, hydrogen-rich disk filled with dust, where planets and initial belts form. It envelops the entire nascent planetary system. Once this protective cocoon dissipates–after a few million years–the asteroids warm up, causing their ice to melt or, more precisely, to sublimate. In space, where pressure is nearly zero, the water remains in vapor form after this process.

    A disk of water vapour is then superimposed on the asteroid belt orbiting the Sun. As the ice sublimates, the disk fills with vapor, which spreads inward toward the Sun due to complex dynamic processes. Along the way, this vapor disk encounters the inner planets, immersing them in a kind of “bath”. In a way, the disk “waters” the terrestrial planets: Mars, Earth, Venus and Mercury. Most of this water capture occurred 20 to 30 million years after the Sun’s formation, during a period when the Sun’s luminosity increased dramatically over a brief period of time, increasing the degassing rate of asteroids.

    Step-by-step illustration of a new model for water distribution on the inner planets of the solar system, including Earth. Five million years after the Sun’s birth, asteroids in the main belt release water vapor due to solar energy. This vapor gradually spreads into the inner solar system, eventually enveloping the planets, which capture part of it to form oceans between 10 and 100 million years later.
    Sylvain Cnudde/Observatoire de Paris — PSL/LESIA, Fourni par l’auteur

    Once water is captured by a planet’s gravitational pull, many processes can occur. On Earth, however, a protective mechanism ensures the total mass of water has remained relatively constant from the end of the capture period until today. If water rises too high into the atmosphere, it condenses into clouds, which eventually return to the surface as rain–a process known as the water cycle.

    The quantities of water on Earth, both past and present, are well documented. Our model, which begins with the degassing of ice from the original asteroid belt, successfully accounts for the amount of water needed to form oceans, rivers and lakes, and even the water buried deep within Earth’s mantle. Precise measurements of the D/H ratio of water in the oceans also align with our model. Moreover, the model explains the quantities of water present in the past on other planets–and even on the Moon.

    You might wonder how I arrived at this new theory. It stems from recent observations, particularly those made with ALMA, a radio telescope array of over 60 antennae located in Chile, on a plateau five kilometres above sea level. Observations of extrasolar systems with belts similar to the Kuiper Belt reveal that planetesimals in these belts sublimate carbon monoxide (CO). For belts closer to their star, such as the asteroid belt, CO is too volatile to be present, and water is more likely to be released.

    Building the model

    It was from these findings that the initial idea for the theory began to take shape. Moreover, recent data from the Hayabusa 2 and OSIRIS-REx missions, which explored asteroids similar to those that might have contributed to the formation of the initial water vapor disk, provided key confirmation. These missions, along with long-standing observations from ground-based telescopes, revealed substantial amounts of hydrated minerals on these asteroids–minerals that can only form through contact with water. This supports the premise that these asteroids were initially icy, even though most have since lost their ice (except for larger bodies like Ceres).

    With the foundation of the model in place, the next step was to develop a numerical simulation to track the degassing of ice, the dispersion of water vapor, and its eventual capture by planets. During these simulations, it quickly became clear that the model could account for Earth’s water supply. Additional research on past water quantities for Mars and other terrestrial planets confirmed the model’s applicability to them as well. It all fit, and the results were ready for publication!

    As researchers, it’s not enough to design a model that works and seems to explain everything. The theory must be tested on a larger scale. While it’s now impossible to detect the initial water vapor disk that “watered” the terrestrial planets, we can look to extrasolar systems with young asteroid belts to see if such water vapor disks exist. According to our calculations, these disks, though faint, should be detectable with ALMA. Our team has just secured time on ALMA to investigate specific systems for evidence of them.

    We may be at the dawn of a new era in understanding the origins of Earth’s water.

    Quentin Kral ne travaille pas, ne conseille pas, ne possède pas de parts, ne reçoit pas de fonds d’une organisation qui pourrait tirer profit de cet article, et n’a déclaré aucune autre affiliation que son organisme de recherche.

    ref. A new theory explains how water first arrived on Earth – https://theconversation.com/a-new-theory-explains-how-water-first-arrived-on-earth-246516

    MIL OSI – Global Reports

  • MIL-OSI Europe: Cost of living and the environment are top concerns of young people, survey finds

    Source: European Union 2

    An EP survey of EU citizens aged 16-30 shows social media is their main information source, and that the majority are also aware of the risks of online disinformation.

    Rising prices and the cost of living are a concern for 40% of the 16-30 year-olds who took part in the latest Eurobarometer Youth Survey published on Monday. One third of respondents said they believed the EU should focus its attention on the environment and climate change over the next five years, while 31% believe the economic situation and job creation should be a priority.

    Almost three in ten (29%) want the EU to prioritise social protection, welfare and access to healthcare. More than one in five respondents highlighted education and training (27%), housing (23%) and the EU’s defence and security (21%) as important priorities for the EU. European defence is of particular concern for young people in Czechia (36%), Poland (33%), and Estonia (32%).

    Roberta Metsola said: “Listening to young Europeans and their concerns is vital for politicians, policy-makers and European democracy. Young people today are worried about rising prices, climate change, security and their chances of finding a good job. These are concerns that we must address in every decision we take and every law that we pass. Otherwise, we risk losing a generation to disillusionment.”


    Social media outrun TV as main source of information

    Social media is the top source of information on political and social issues for 42% of respondents aged 16-30, with television being the second most-popular source (39%). The preference for TV is particularly noticeable among those aged 25-30. This age bracket is also more likely to use online news platforms and radio than 16-18 year-olds. Younger participants (16-18) rely more on social media (45%) than 25-30 year-olds (39%), and trust friends, family or colleagues for information (29% compared to 23%).

    “The information landscape is rapidly changing. With most young people predominantly getting their news from social media, politicians and social media platforms have a particular responsibility to fight increasing disinformation,” President Metsola added.

    TV also remains the leading source of information for young people in Portugal (53%), Italy (52%), Slovenia (45%), and France (43%). Online press and/or news platforms and radio are sources of information for 26% of the younger participants and 16% of their older counterparts. In the 2021 edition of the survey, the main sources of news were social media and news websites (each of which was mentioned by 41% of respondents).


    Instagram and TikTok are the most used social media for news

    Instagram is the top platform for obtaining political and social news among young people (47%), followed by TikTok (39%). X (formerly Twitter) is only used by 21% of young people, the survey shows.


    Young people are aware of their exposure to disinformation

    A significant majority (76%) of young people believed they had previously been exposed to disinformation and fake news.

    In nine EU countries, more than half of respondents report having been exposed to disinformation ‘often’ or ‘very often’, with the highest proportions from Malta (59%), Hungary (58%), Greece (57%), Luxembourg (55%), and Belgium (54%). By contrast, the share of those who believe they have never been exposed to disinformation and fake news is the highest in Romania (19%) followed by Bulgaria (11%).

    70% of the participants in the survey were confident they could recognise disinformation. Respondents from Malta and Croatia were the most confident in their ability to recognise disinformation, while those from Austria, Germany and Slovenia felt the least confident.

    Background

    The Eurobarometer Youth Survey was carried out by Ipsos between 25 September and 3 October 2024 in all 27 EU member states. A total of 25,863 young people aged 16-30 were surveyed via Computer-Assisted Web Interviewing (CAWI) using online panels. The results were weighted according to the proportion of this age group within each EU country.

    The full results can be found here.


    Young people discuss EU action at EYE2025

    Insights from the Eurobarometer Youth Survey provide a detailed understanding of the political participation of young Europeans and their needs and concerns. These findings will help ensure that Parliament’s flagship youth event,EYE2025, addresses topics that matter most to the EU’s young generation.

    Registration for EYE2025 is open until 21 February. From 13-14 June 2025, the EYE will bring together thousands of young people from across the EU and beyond to debate, exchange views, and contribute to shaping Europe’s future in Parliament’s Strasbourg premises.

    MIL OSI Europe News