Category: Germany

  • MIL-OSI Asia-Pac: Joint Statement: 7th India-Germany Inter-Governmental Consultations (IGC)

    Source: Government of India

    Posted On: 25 OCT 2024 8:25PM by PIB Delhi

    Growing Together with Innovation, Mobility and Sustainability

    Prime Minister Narendra Modi and Federal Chancellor Olaf Scholz co-chaired the seventh round of India-Germany Inter-Governmental Consultations (7th IGC) on 25 October 2024 in New Delhi. The Delegation included Ministers of Defence, External Affairs, Commerce & Industries, Labour & Employment, Science & Technology (MoS) and Skill Development (MoS) from the Indian side and Ministers of Economic Affairs & Climate Action, Foreign Affairs, Labour & Social Affairs and Education & Research from the German side along with Parliamentary State Secretaries for Finance; Environment, Nature Conservation, Nuclear Safety and Consumer Protection; and Economic Cooperation and Development from the German side, as well as senior officials from both sides.

    2. Prime Minister Narendra Modi warmly welcomed Chancellor Olaf Scholz on his third visit to India as Chancellor. Both leaders sincerely appreciated the renewed momentum in bilateral engagement across government, industry, civil society and academia that has played an instrumental role in advancing and deepening the Strategic Partnership between India and Germany.

    3. Both leaders emphasised the importance of the Asia-Pacific Conference of German Business (APK), which takes place in New Delhi in parallel to the 7th IGC, in strengthening economic ties and strategic partnerships between Germany, India and the Indo-Pacific region as a whole. The decision to host the 2024 conference in India underscores India’s political weight in the Indo-Pacific and globally.

    4. Under the motto “Growing Together with Innovation, Mobility and Sustainability”, the 7th IGC placed particular emphasis on technology and innovation, labour and talent, migration and mobility, climate action, green and sustainable development as well as economic, defence and strategic cooperation. Both sides agree that the aforementioned domains will be the key drivers of our ever more multi-faceted partnership that spans trade, investment, defence, science, technology, innovation, sustainability, renewable energy, emerging technologies, development cooperation, culture, education, sustainable mobility, sustainable resource management, biodiversity, climate resilience and people-to-people ties.

    5. The year 2024 marks the 50th anniversary of the signing of the Inter – Governmental Agreement on Cooperation in Scientific Research and Technological Development which institutionalized the framework of Indo-German cooperation in Science & Technology, research and innovation. In this context, the 7th IGC presented an opportunity to renew the close relationship between India and Germany in this regard and to prioritize the advancement of technology and innovation as a key pillar of cooperation.

    6. During the 6th IGC, both governments had announced the Green and Sustainable Development Partnership (GSDP), which serves as an umbrella for bilateral formats and joint initiatives in this field. Subsequently, both sides signed the Migration and Mobility Partnership Agreement (MMPA) in December 2022 and launched the “India-Germany Vision to Enhance Cooperation in Innovation and Technology” in February 2023. Recalling the outcomes of the 6th IGC and various agreements concluded by the two sides thereafter, both governments launched the “India-Germany Innovation and Technology Partnership Roadmap” and introduced the “Indo-German Green Hydrogen Roadmap”, whose aim is to promote the market ramp-up of Green Hydrogen.Growing Together for Peace, Security and Stability

    7. The two leaders noted the Pact for the Future and reaffirmed their commitment to upholding shared values and principles including democracy, freedom, international peace and security and a rules-based international order in line with the purposes and principles of the UN Charter. Both governments also underscored their commitment to strengthen and reform the multilateral system including expansion of both permanent and non-permanent categories of membership of the UN Security Council to reflect contemporary realities, address current and future challenges and to support and preserve peace and stability across the world. The two leaders called for text-based negotiations at the IGN within a fixed timeframe.

    8. India and Germany agreed that the difficulties of the UN Security Council to effectively address regional and global crises offer a compelling reminder of the urgent need for reform. As members of the “Group of Four (G4)”, India and Germany reiterated their call for a Security Council that is efficient, effective, transparent and reflective of 21st century realities.

    9. The leaders expressed their deepest concern over the war raging in Ukraine including its terrible and tragic humanitarian consequences. They reiterated the need for a comprehensive, just, and lasting peace in line with international law, consistent with the purposes and principles of the UN Charter, including respect for sovereignty and territorial integrity. They also noted the negative impacts of the war in Ukraine with regard to global food and energy security, especially for developing and least developed countries. In the context of this war, they shared the view that the use, or threat of use, of nuclear weapons is unacceptable. They underscored the importance of upholding international law, and in line with the UN Charter, reiterated that all states must refrain from the threat of or use of force against the territorial integrity and sovereignty or political independence of any state.

    10. The leaders expressed their shared interest in achieving peace and stability in the Middle East. They unequivocally condemned the Hamas’ terror attacks on October 7, 2023 and expressed concern over the large-scale loss of civilian lives and the humanitarian crisis in Gaza. They called for the immediate release of all hostages taken by Hamas and an immediate ceasefire as well as the urgent improvement of access and sustained distribution of humanitarian assistance at scale throughout Gaza. The leaders underscored the need to prevent the conflict from escalating and spilling over in the region. In this regard, they called on all regional players to act responsibly and with restraint. Both sides also emphasized the urgent need to protect the lives of civilians and facilitate safe, timely and sustained humanitarian relief to civilians, and in this regard urged all parties to comply with international law. The leaders were also deeply concerned about the rapidly deteriorating situation in Lebanon, called for an urgent cessation of hostilities and agreed that a solution to the conflict in Gaza and in Lebanon can only be reached by diplomatic means. The United Nations Security Council Resolution 1701 outlines the path towards a diplomatic solution along the Blue Line. The leaders reaffirmed their commitment to a negotiated two-state solution, leading to the establishment of a sovereign, viable and independent State of Palestine, living within secure and mutually recognized borders, side by side in dignity and peace with Israel, taking into account Israel’s legitimate security concerns.

    11. The leaders underscored that as the world’s two largest democracies, India and the EU have a common interest in ensuring security, prosperity and sustainable development in a multi – polar world. They emphasized the importance of deepening the India-EU Strategic Partnership which would not only benefit both sides but also have a far-reaching positive impact globally. The leaders also expressed their strong support to the India-EU Trade and Technology Council that would serve as an innovative platform towards closer engagement in the critical areas of trade, trusted technologies and security. They agreed to coordinate efforts, both bilaterally and at the EU level, to take forward key connectivity initiatives including India-Middle East-Europe Economic Corridor in which India, Germany and EU are members as well as the EU Initiative Global Gateway.

    12. Both leaders underscored the crucial importance of a comprehensive Free Trade Agreement, Investment Protection Agreement and an Agreement on Geographical Indications between the European Union and India, while calling for an early conclusion of the negotiations.

    13. Both leaders unequivocally condemned terrorism and violent extremism in all its forms and manifestations, including the use of terrorist proxies and cross-border terrorism. Both sides agreed that terrorism remains a serious threat to international peace and stability. They further called for concerted action against all terrorist groups, including groups proscribed by the United Nations Security Council (UNSC) 1267 Sanctions Committee. Both sides also called upon all countries to continue to work towards eliminating terrorist safe havens and infrastructure as well as to disrupt terrorist networks and financing in accordance with international law.

    14. Both leaders noted with concern the emerging threats from the use of new and emerging technologies for terrorist purposes such as unmanned aircraft systems, use of virtual assets by terrorists and terrorist entities and the misuse of information and communication technologies for radicalization. In this regard they welcomed the adoption of Delhi Declaration on Countering the use of New and Emerging Technologies for Terrorism Purposes adopted during the conduct of UNCTC meetings in India in 2022.

    15. Recognizing a shared commitment to combat terrorism and strengthen the framework for global cooperation in this regard, both leaders emphasized the importance of upholding international standards on anti-money laundering and combating the financing of terrorism by all countries, including in FATF. Both sides called for bringing the perpetrators of terrorist acts to justice. Both sides reaffirmed their commitment to hold regular consultations of the Joint Working Group on Counter Terrorism to strengthen channels for real time sharing of intelligence and coordination of counter-terrorism efforts. Both sides also committed to continued exchange of information about sanctions and designations against terror groups and individuals, countering radicalism, and terrorists’ use of the internet and cross-border movement of terrorists.

    16. With a view to ensuring closer collaboration to prevent, suppress, investigate and prosecute criminals, including crime related to terrorism, India and Germany concluded the Mutual Legal Assistance Treaty in Criminal Matters (MLAT). Both leaders agreed that the India-Germany MLAT is an important milestone in strengthening security cooperation between the two countries that will enable sharing of information and evidence, mutual capacity building and sharing of best practices between the two countries.

    17. As strategic partners with a shared interest in deepening security cooperation, both sides concluded the Agreement on the Exchange and Mutual Protection of Classified Information thereby creating a legal framework for cooperation and collaboration between Indian and German entities and providing guidance on how classified information should be handled, protected and transmitted.

    18. With a view to better appreciating foreign policy perspectives in key regions across the world, both governments decided to establish an India-Germany Dialogue on West Asia and North Africa (WANA) between the respective Foreign Ministries, which would be in addition to long-standing dialogue mechanisms on Africa and East Asia. Both governments also expressed satisfaction with regular consultations on key thematic issues of mutual concern including policy planning, cyber-security, cyber issues and United Nations.

    19. Recognizing the need for a deeper understanding of each other’s perspectives, including amongst think tanks and foreign and security policy experts, both governments underscored the usefulness of India-Germany Track 1.5 dialogue between Indian Council of World Affairs (ICWA), the Research and Information System for Developing Countries (RIS) and MEA from the Indian side and German Institute for Global and Area Studies (GIGA), the German Institute for International and Security Affairs (SWP) and the German Federal Foreign Office. The next meeting of this dialogue format is planned for November 2024. Both governments also appreciated the launch of a Track 1.5 Dialogue on East Asia and agreed that these exchanges help both sides better align and coordinate their outreach. With a view to sustaining this momentum, both sides agreed to convene the next edition of the Track 1.5 Dialogue Mechanisms at the earliest opportunity.

    20. Both sides are committed to promoting a free, open, inclusive, peaceful and prosperous Indo-Pacific built on international law, mutual respect for sovereignty, and peaceful resolution of disputes, and underpinned by effective regional institutions. Both sides reaffirmed their unwavering support for ASEAN’s unity and centrality. The Government of India welcomed Germany’s leadership in the capacity-building pillar of the Indo-Pacific Oceans Initiative (IPOI) and its commitment of up to 20 Million EUR via a competitive call for ideas under its International Climate Initiative in 2022 to strengthen the resilience of Pacific Island States against climate-related loss and damage.

    21. Germany congratulated India on its successful G20 Presidency which brought the development agenda to centre stage in G20. Both Leaders acknowledged that from initiating a platform on Compact with Africa (CwA) during the German G20 Presidency to inclusion of the African Union as a permanent member of the G20 during India’s Presidency, the G20 has come a long way to ensure that the voice of the Global South is amplified. India and Germany expressed their support to the priorities set by the Brazilian G20 Presidency, especially Global Governance Reforms.Strengthening Defence and Strategic Cooperation

    22. Recognizing the shared goal of intensifying defence ties between the two countries, the Government of India welcomed the efforts of the German Federal Government to facilitate faster export clearances, including through favourable regulatory decisions such as the General Authorisation/General Licences (AGG) regime. Both sides committed to supporting strategic exports to India and encouraged co-development, co-production and joint research between the respective defence industries. Both governments appreciated the defence roundtable held in New Delhi on 24 October, to strengthen the defense industrial partnership between India and Germany.

    23. In addition to regular visits and increasing interactions between the armed forces, both sides look forward to the next High Defence Committee (HDC) meeting to be held in India next year with a view to developing defence cooperation as a key pillar of the Strategic Partnership between India and Germany. India and Germany also agreed to finalize cooperation in peacekeeping related training between the Centre for UN Peacekeeping (CUNPK), New Delhi and its counterpart in Germany, the Bundeswehr United Nations Training Centre in Hammelburg (GAFUNTC) and looked forward to the Peacekeeping Ministerial Meeting in Berlin in 2025.

    24. Both sides stressed the importance of the Indo-Pacific for prosperity and security as well as for addressing global challenges. Germany will enhance its engagement with the region in line with the Federal Government’s policy guidelines for the Indo-Pacific. Both sides also highlighted the importance of freedom of navigation and of unimpeded maritime routes in accordance with International Law, as reflected in the United Nations Convention on the Law of the Sea (UNCLOS) 1982, in all maritime domains including in the Indo-Pacific. In this context, both governments declared their joint intent to conclude a Memorandum of Arrangement regarding mutual logistics support and exchange between the armed forces of India and Germany to further intensify defence and security ties and to establish a basis for provision of mutual logistics support including in the Indo-Pacific theatre. With a view to deepening cooperation in the Indo-Pacific, Germany will permanently deploy a Liaison Officer in the Information Fusion Centre – Indian Ocean Region (IFC-IOR) at Gurugram to monitor the marine traffic in IOR, further augmenting close cooperation in this region.

    25. Both sides welcomed Germany’s growing engagement in the Indo-Pacific region in the field of security and defence cooperation and appreciated the successful cooperation of the Indian and German air forces during exercise TARANG SHAKTI in August 2024 as well as the port call in Goa and joint naval exercises between the German Naval Frigate “Baden-Württemberg” along with the Combat Support Ship “Frankfurt Am Main” and the Indian Navy. Germany also welcomed the port call of Indian naval ship INS TABAR to Hamburg in July 2024.

    26. Both governments agreed to intensify bilateral exchanges on security and defence issues also through enhancing research, co-development and co-production activities bilaterally, under EU mechanisms and with other partners. In this regard, both sides will support enhanced industry level cooperation in the defence sector with a specific focus on technology collaboration, manufacturing/co-production and co-development of defence platforms and equipment. Germany also welcomes India’s application for observer status in the Eurodrone Programme of OCCAR (Organisation for Joint Armament Co-operation).Partnering for Critical and Emerging Technologies, Science and Innovation

    27. Both leaders expressed their appreciation on the successful 50 years of long standing collaboration in science and technology between the two countries and reaffirmed their support to expand it further through launching the ‘India-Germany Innovation and Technology Partnership Roadmap’ which will serve as a guideline to the public and private sectors and research institutions of the two countries to take forward our cooperation in the areas of renewable energy, start-ups, semiconductors, AI and quantum technologies, climate risk and sustainable resource management, climate change adaptation as well as agroecology Both leaders further identified space and space technologies as an important and promising area for future prosperity, development, and possible cooperation.

    28. The two leaders expressed their satisfaction at the growing exchanges between the two countries in the field of research & education and growing number of Indian students studying in Germany. Both leaders also acknowledged the flagship role of the Indo-German Science and Technology Centre (IGSTC) in promoting bilateral industry-academia strategic research and development partnerships. Both leaders welcomed the recent initiatives of IGSTC and signing of Joint Declaration of Intent to support 2+2 projects in the field of advanced materials. Understanding the importance of IGSTC, both leaders expressed their desire to expand and forge new partnerships anchored in shared values and driven by innovation led technology development and manufacturing.

    29. Both Leaders acknowledged the launching of the first ever basic research consortia model between the two countries namely, International Research Training Group (IRTG), jointly by Department of Science and Technology (DST) & German Research Foundation (DFG) with the involvement of first group of researchers from IISER Thiruvananthapuram and Würzburg University on Photoluminescence in Supramolecular Matrices. Underpinning science and innovation landscape, they expressed their desire to initiate an Indo-German Innovation and Incubation Exchange Programme to leverage collective expertise and capacity for fostering scientific innovation and incubation ecosystems of academic & research institutions.

    30. Both Leaders also expressed their appreciation and satisfaction over the high level of engagement as exemplified by India’s participation in mega-science facilities at Facility for Anti-Proton and Ion Research (FAIR) and Deutsche Elektronen Synchrotron (DESY) in Germany. They extended their commitment including financials to ensure timely execution of the FAIR facility. The two leaders also acknowledge the continuation of the cooperation at the synchrotron radiation facility PETRA-III and the free-electron laser facility FLASH at DESY.

    31. Both governments welcomed the steadily increasing partnerships in Higher Education which facilitate dual and joint degrees and intensify collaborative research and academic and institutional exchanges between Universities and Institutions of Higher Education. In particular, both sides expressed their appreciation and full support for the first ever Indo-German joint Masters degree programme in “Water Security & Global Change”, a joint initiative of TU Dresden, RWTH-Aachen and IIT-Madras (IITM) funded by DAAD as well as a new initiative of TU Dresden and IITM to conclude an agreement establishing a “transCampus” to deepen bilateral cooperation in teaching, research, innovation and entrepreneurship. Both governments also welcomed the signing of the MoU between IIT Kharagpur and the DAAD, which will enable joint funding for Indo-German university cooperation projects. Both sides expressed their strong support for the dedicated call of the “German Indian Academic Network for Tomorrow” (GIANT) under SPARC (Scheme for Promotion of Academic and Research Collaboration) highlighting cooperation between Indian and German universities.

    32. With a view to further strengthening digital and technology partnerships between India and Germany, both governments agreed to share experience and expertise in digital public infrastructure (DPI), e.g. to explore ways in which Germany can leverage India’s expertise in DPI and the strengths of the Indian IT industry to drive innovation and digital transformation in both countries. As an important forum for exchanges on digital topics such as internet governance, tech regulations, digital transformation of economy, and emerging digital technologies, both sides welcomed the finalization of the Work Plan for 2023-24 formulated by the Indo-German Digital Dialogue (IGDD).

    33. Both sides will endeavour to leverage AI to advance the SDG, recognizing the need for an innovation-friendly, balanced, inclusive, human-centric and risk-based approach to the governance of AI. Digital solutions such as image detection and AI are playing an important role in revolutionising agriculture by assisting farmers and enhancing agricultural productivity, climate resilience, carbon sinks and sustainability. Both countries are running national programmes to facilitate the growth of digital agriculture and have agreed to intensify their Cooperation in Digital Agriculture, AI and IoT to foster ongoing cooperation, innovation and exchanges for modernising agriculture.

    34. Both governments underlined the strategic importance of collaboration in the field of critical and emerging technologies, innovation and skill development. Reaffirming the priorities for bilateral cooperation, as laid down in the Innovation and Technology Partnership Roadmap, both governments agreed to focus on collaboration in innovation, skill development and critical and emerging technologies. Forging closer linkages between the industry and academia of the two countries in key technology areas would be prioritized, in recognition of a shared commitment to ensuring an open, inclusive and secure technology architecture, built on mutual trust and respect, and reflecting shared values and democratic principles. Based on that, the two countries would achieve outcome oriented and mutually beneficial technology collaboration in identified sectors.

    35. In furthering cooperation in the field of research in disaster mitigation, tsunami warnings, coastal hazards, early warning systems, disaster risk reduction and oceanography, polar sciences, biology and biogeochemistry, geophysics and geology, both Governments welcomed the signing of the Memorandum of Understanding between Indian National Centre for Ocean Information Services (INCOIS) and Helmholtz-Zentrum Potsdam – Deutsches GeoForschungsZentrum, and between National Centre for Polar and Ocean Research (NCPOR) and AlfredWegener-Institut, Helmholtz-Zentrum für Polar- und Meeresforschung (AWI).

    36. Both Governments also welcomed the bilateral agreement in the biological, physical and mathematical sciences between National Centre for Biological Sciences (NCBS) and International Centre for Theoretical Sciences (ICTS), both centres of the Tata Institute of Fundamental Research (TIFR), under the Department of Atomic Energy (DAE), India and Max-Planck-Gesellschaft (MPG), Germany. This agreement will facilitate the exchange of scientists, including students and research staff, between the various Max Planck Institutes with ICTS and NCBS.

    37. Both Leaders noted with appreciation the collaboration between M/s New Space India Ltd and M/s GAF AG for upgrading the international ground station at Neustrelitz, Germany for the reception and processing of data from OceanSat – 3 and RISAT – 1A satellites. Partnership for a Green and Sustainable Future

    38. Both sides acknowledged the need for green, sustainable, climate resilient and inclusive development to achieve net zero emissions. Both governments aim to substantially enhance bilateral, trilateral and multilateral cooperation in climate action and sustainable development. Both sides acknowledged the progress achieved thus far under the Indo-German Green and Sustainable Development Partnership (GSDP). This partnership, guided by shared commitments, seeks to accelerate the implementation of the goals outlined in the Paris Agreement and the SDGs. In this context, both sides stressed the need to work jointly for an ambitious outcome of the upcoming UNFCCC COP29, in particular on the New Collective Quantified Goal (NCQG). Both sides will respond positively to the outcomes of COP28, including the first Global Stocktake, in light of national circumstances.

    39. Both sides appreciated the stocktaking of progress during the Ministerial meeting on the GSDP objectives. To contribute to the implementation of the GSDP, both sides are committed to regular dialogue within the existing working groups and other bilateral formats and initiatives. The next meeting of the Ministerial Mechanism shall take place at the latest within the framework of the next India-Germany Inter-Governmental Consultations, to conduct a stocktaking of the progress on GSDP objectives to achieve the Paris Agreement goals and SDGs. Both sides reaffirmed their intention to closely cooperate on combatting climate change and therefore expressed their intention to hold a meeting of the Indo-German Climate Working Group in the near future.

    40. Under the umbrella of the GSDP, both sides inter alia:

    a. Launched the Indo-German Green Hydrogen Roadmap. The Leaders agreed that the Roadmap will help support India’s ambition for production, usage and export of Green Hydrogen while also contributing to a swifter adoption of Green Hydrogen as a sustainable source of energy in both countries

    b. Launched the GSDP Dashboard, a publicly accessible online tool, which showcases the intensive cooperation between Germany and India under the GSDP. It gives an overview of key innovations and the broad range of experience covered by India-Germany cooperation. It facilitates stocktaking of the joint progress towards achieving GSDP objectives, and provides key information to relevant stakeholders on innovative solutions for global challenges.

    c. Signed a Joint Declaration of Intent to renew and further elevate the partnership in accordance with a shared vision to promoting in India sustainable urban mobility for all, recognizing the importance of green and sustainable urbanization for inclusive social and economic development and the strong results of the Green Urban Mobility Partnership since its establishment in 2019.

    d. Highly appreciated the achievements and vision for the future of the International Solar Alliance (ISA) and agreed to intensify our cooperation within ISA.

    e. Appreciated the cooperation in the area of halting deforestation and degradation and reversing the trend by restoring forest landscapes in support of the implementation of the Rio Conventions and the SDGs.

    41. The leaders acknowledged that the Indo-German Energy Forum (IGEF), through its various activities, has played a pivotal role in strengthening the general bilateral economic relations between Germany and India, promoting economic growth, and addressing global climate change challenges.

    42. Both sides underscored the role of the 4th Global RE-INVEST Renewable Energy Investors Meet & Expo, held in September 2024 in Gandhinagar with Germany as a partner country, in bringing together key stakeholders in the renewable energy sector. Both governments recalled the ‘India-Germany Platform for Investments in Renewable Energy Worldwide’ which was launched during RE-INVEST as a key initiative to fast-track renewable energy investments, foster business collaborations and expand global supply chains. The platform will accelerate the expansion of renewable energy in India and worldwide through exchanges on green financing, technology and business opportunities.

    43. Both governments expressed their wish to continue to strengthen the cooperation through the Joint Working Group on Biodiversity and acknowledged that CBD COP 16 marks a crucial moment in the global effort to implement the goals of the Global Biodiversity Framework.

    44. Recalling the deliberations and outcomes of the Joint Working Group on Waste management and Circular Economy which has created opportunities by intensifying exchanges on experiences and technologies between the two countries, both sides agreed to explore the possibility of deepening cooperation within these structures, for instance, focusing future work on inter alia Solar Waste recycling. They appreciated the Indo-German environment cooperation on the effective and efficient implementation of ambitious objectives and policies in order to prevent waste, especially plastics, from entering the marine environment. India and Germany agreed to closely cooperate towards establishing a global legally binding agreement on plastic pollution.

    45. Both leaders acknowledged the progress made under the Triangular Development Cooperation (TDC), which pools mutual strengths and experiences to offer sustainable, viable and inclusive projects in third countries as per their priorities to support the achievement of SDGs and climate targets in Africa, Asia and beyond. Both sides welcomed the encouraging results of the pilot projects in Cameroon, Ghana and Malawi, and the progress made in the ongoing initiatives with Benin and Peru. In view of the successful implementation of the aforementioned initiatives, both governments have agreed to commence upscaling of the pilot projects with Cameroon (agriculture), Malawi (women entrepreneurship) and Ghana (horticulture) in 2024 and beyond. Furthermore, both sides welcomed the start of the three millet related pilot projects: two with Ethiopia and one with Madagascar. Additionally, both sides have launched the institutional mechanism to reach out to the partners, select and implement their joint initiatives on a full scale and to this end, both governments established a Joint Steering Committee and a Joint Implementation Group.

    46. The leaders reaffirmed that Gender Equality is of fundamental importance and investing in the empowerment of women and girls has a multiplier effect in implementing the 2030 Agenda. They reiterated their commitment to encourage women-led development and enhancing womens’ full, equal, effective and meaningful participation as decision-makers for addressing global challenges inclusively while noting Germany’s Feminist Foreign and Development Policies in this regard. Both sides reaffirmed their desire to strengthen Indo-German cooperation on promoting the critical role of women in green and sustainable development.

    47. In addition, both sides welcomed the milestones already achieved with respect to the existing initiatives and new commitments for financial and technical cooperation under the framework of the GSDP, as follows:

    a.New commitments in all core areas of the GSDP of more than 1 billion EUR as agreed during the negotiations on development cooperation between the Government of India and the Government of the Federal Republic of Germany in September 2024, adding up to accumulated commitments of around 3.2 billion EUR since beginning of the GSDP in 2022;

    b.Under the Indo-German Renewable Energy Partnership, the cooperation focused on innovative solar energy, green hydrogen, other renewables, grid integration, storage and investments in the renewable energy sector to facilitate an energy transition and to address the need for a reliable, round the clock renewable power supply.

    c.The “Agroecology and Sustainable Management of Natural Resources” cooperation benefits the vulnerable rural population and small-scale farmers in India by fostering income, food security, climate resilience, soil health, biodiversity, forest ecosystems and water security.

    d.Both sides reiterated their intention to continue their successful collaboration on sustainable urban development.

    Building resilience through Trade and Economic collaboration

    48. Both leaders hailed the consistent high performance in terms of bilateral trade between the two countries in the recent years and encouraged stakeholders in India and Germany to further strengthen trade and investment flows. The leaders also noted the strong two-way investments between India and Germany and the positive impacts of such investments in diversifying the global supply chains. In this context, the leaders expressed confidence that the APK 2024, the bi-annual flagship forum of German Business with participation of top-level business executives from Germany, is a crucial platform to showcase the immense opportunities available in India for German businesses.

    49. Both sides underlined the long-standing presence of German businesses in India and Indian businesses in Germany and agreed to work towards deepening economic and trade linkages between the two countries. In this context, both sides welcomed the holding of the meeting of the India-Germany CEO Forum which serves as a high-level platform to engage business and industry leaders from India and Germany. They also underlined the achievements of the Indo-German Fast Track Mechanism to resolve trade and investment related issues, and are ready to continue its operation.

    50. In recognition of the importance of Micro, Small and Medium Enterprises (MSMEs)/Mittelstand in economic growth and job creation, both sides acknowledged the growth in bilateral investment and the success of the ‘Make in India Mittelstand’ Programme, which supports German Mittelstand enterprises seeking to invest and do business in India. In a similar vein, both governments also recognised the key role played by start-ups in fostering innovation, and commended the German Accelerator (GA) for successfully facilitating start-ups to address the Indian market, and welcomed plans to establish its presence in India. Both sides noted that a corresponding programme to assist Indian start-ups in gaining market access in Germany could further enhance economic cooperation between the two countries.

    Strengthening Labour Markets, Mobility and People-to-People Ties

    51. As bilateral cooperation on skilled migration expands across multiple fronts, involving collaboration between federal and state governments, as well as private sector stakeholders, both sides committed to full implementation of the provisions of the Migration and Mobility Partnership Agreement (MMPA). In line with the commitments outlined in the MMPA both sides remain dedicated to promoting fair and legal labor migration. This approach is guided by international standards that ensure migrant workers are treated with dignity and respect, including fair recruitment practices, transparent visa processes, and the protection of workers’ rights. By focusing on these principles, both countries aim to facilitate the mobility of skilled workers in a manner that benefits all parties while safeguarding against exploitation and ensuring compliance with international labor standards.

    52. Building on the MMPA, the two sides concluded a JDI in the field of Employment and Labour, to enhance bilateral cooperation and exchange in areas of mutual interest between the respective ministries. The German side informed that it will support a feasibility study on international reference classification, a G20 commitment undertaken by the Indian G20 presidency in 2023. Both leaders look forward to the signing of the Memorandum of Understanding in the field of occupational diseases, rehabilitation and vocational training of workers with disabilities between the Employees’ State Insurance Corporation (ESIC), the Directorate General of Employment (DGE) and the German Social Accident Insurance (DGUV).

    53. Both leaders noted that Indian professionals comprise over 1/4th of all blue card holders in Germany and that Indian students now represent the largest cohort of international students in Germany. Regarding this, they recognized the complementarities that exist between the requirements of skills and talents in Germany and the vast reservoir of young, educated and skilled persons in India, who can be an asset to the German labour market. The Federal Employment Agency will deepen the existing exchange with the National Skill Development Council, India (NSDC) and other similar Government agencies at national and state levels. Both sides welcomed the launch of the new national strategy of the German Federal government to promote skilled migration from India.

    54. Both leaders also expressed satisfaction on the signing of a Memorandum of Understanding on Skill Development and Vocational Education and Training which would leverage the strengths of India and Germany towards creating a pool of skilled workforce in India and strengthening the participation of women, especially in the areas of green skills. Both sides agreed to include elements of facilitating international mobility of labour.

    55. Both sides remain committed to the goal of expanding the teaching of the German language in India, including in secondary schools, universities and vocational education centers. They encouraged Indian and German States, culture centers and educational institutions to further promote the teaching of each other’s languages in India and Germany, including the training of language teachers. Both sides welcomed the joint efforts of the DAAD and the Goethe Institute to develop a format for the formalized training and further education of German teachers leading to a university certificate recognized in India.

    56. Both sides reaffirmed the contribution of highly skilled professionals for economic growth, noted with satisfaction the results achieved under the programme “Partnering in Business with Germany”, and renewed the JDI on advanced training of corporate executives and junior executives from India.

    57. With the Migration and Mobility Partnership Agreement (MMPA), both sides also agreed to address irregular migration. For this purpose, both sides established a cooperation in the field of return since the entry into force of the MMPA. Both sides welcomed the progress achieved so far and underline the importance of further developing and streamlining cooperation through appropriate procedural arrangements.

    58. The leaders welcomed the growing ties between the two sides and their respective nationals. They acknowledged the wide range of Consular issues stemming from these growing ties and the need for dialogue on all matters related to Consular issues. They agreed to work towards early establishment of an appropriate format for a bilateral dialogue on various Consular, Visa and other issues affecting nationals of the other side residing in their respective territories.

    59. Both sides acknowledged the role of their youth as cultural ambassadors and catalysts for innovation and promoting people – people linkages between the two countries. In this context, both leaders stressed on the importance of youth cooperation and noted the proposal for establishing forum for youth exchanges and delegations between both sides. Both sides also agree to facilitate student exchanges on a mutual basis.

    60. Both sides noted with satisfaction the substantial work being done in the field of culture and welcomed efforts towards expanding scope of the Memorandum of Understanding on Museum Cooperation between Indian and German national museums such as the Prussian Heritage Foundation and the National Gallery of Modern Art, India.

    61. In line with the G20 New Delhi Leader’s Declaration (2023), both leaders underscored the intention to cooperate closely with regards to the restitution and protection of cultural goods and the fight against illicit trafficking of cultural property at national, regional and state levels to enable its return and restitution to the country and community of origin as relevant, and called for sustained dialogue and action in that endeavour.

    62. Both Governments also appreciated substantial cultural and academic exchanges made possible via initiatives such as the establishment of Indian academic chairs at universities in Germany.

    63. Both leaders expressed satisfaction at the deliberations held at the 7th IGC and reaffirmed their commitment to further expand and deepen the Indo-German Strategic Partnership. Chancellor Scholz thanked Prime Minister Modi for his warm hospitality and conveyed that Germany looks forward to hosting the next IGC.

     

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: India and Germany Sign Joint Declaration to Boost R&D in Advanced Materials

    Source: Government of India (2)

    India and Germany Sign Joint Declaration to Boost R&D in Advanced Materials

    Exchange MoUs in presence of PM Shri Narendra Modi and Chancellor Sholz: Intent of research in advance materials:

    Dr. Jitendra Singh Leads Bilateral Talks with German counterpart Bettina Stark-Watzinger: Commitment to seek mutual dividends

    Posted On: 25 OCT 2024 6:59PM by PIB Delhi

    In a significant step to advance Indo-German cooperation in science and technology, Union Minister Dr. Jitendra Singh and German Federal Minister Ms. Bettina Stark-Watzinger exchanged a Joint Declaration of Intent for cooperation in research and development on advanced materials with commitment to seek mutual dividends.

    The exchange, held in the presence of Prime Minister Narendra Modi, underscores both nations’ commitment to fostering cutting-edge research that will drive innovation and address global challenges.

     

     

    The bilateral talks between Dr. Jitendra Singh and Ms. Stark-Watzinger, which took place prior to the Plenary between two Heads of State, were a pivotal part of the Golden Jubilee celebration of Indo-German science and technology collaboration.

    During the meeting, Dr. Jitendra Singh expressed gratitude to Ms. Stark-Watzinger for her consistent support in strengthening the Indo-German partnership. He highlighted recent collaborative successes, such as the launch of 2+2 joint projects in areas like “Waste to Wealth” and sustainable packaging, as well as a new call for proposals in AI for Sustainability.

    These initiatives, along with the Joint Declaration of Intent, will be presented as key outcomes at the upcoming Indo-German Inter-Governmental Consultations led by the Prime Minister of India and the German Chancellor, said the Minister.

    Dr. Jitendra Singh also lauded the Indo-German Science and Technology Centre (IGSTC) for its instrumental role in promoting joint research, having supported over 50 projects and connected young researchers from both nations. Discussions included the recent establishment of the International Research Training Group (IRTG) between IISER Trivandrum and Würzburg University, focusing on photoluminescence in supramolecular matrices, a testament to the advanced, collaborative research being fostered between the two countries.

    Additionally, Dr. Jitendra Singh reaffirmed India’s commitment to long-term international projects such as the Facility for Antiproton and Ion Research (FAIR) in Darmstadt, where Indian scientists play a key role in advanced materials and particle physics research.

    The bilateral discussions also highlighted national initiatives such as India’s Anusandhan National Research Foundation (ANRF) and the National Quantum Mission, both aimed at scaling up R&D across priority areas including electric mobility, sustainable agriculture, and advanced materials.

     

     

    The two Ministers also discussed potential collaboration in hydrogen energy, with Dr. Jitendra Singh noting that India’s National Hydrogen Mission could offer promising joint opportunities in R&D, production, and sustainable energy storage.

    As the meeting concluded, Dr. Jitendra Singh and Ms. Stark-Watzinger affirmed their commitment to aligning innovation and research efforts across areas such as biotechnology, environmental technology, and healthcare. Both leaders emphasized the importance of fostering academic exchange and talent development, ensuring that the Indo-German partnership continues to drive innovative solutions for a sustainable and resilient global future.

     

    *****

    NKR/AG/KS

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  • MIL-OSI Asia-Pac: IFFI 2024: NFDC India Announces Selection for Co-Production Market at Film Bazaar

    Source: Government of India (2)

    IFFI 2024: NFDC India Announces Selection for Co-Production Market at Film Bazaar

    21 Feature Films, 8 Web Series from 7 Countries; Co-Production Market at Film Bazaar to witness Diverse Global Narratives

    NFDC Film Bazaar partners with Asia TV Forum & Market (ATF)

    Posted On: 25 OCT 2024 4:34PM by PIB Mumbai

    #IFFIWood, October 25, 2024

    The 18th edition of the NFDC Film Bazaar has announced its official selection for the Co-Production Market featuring 21 feature films and 8 web series from seven countries. Film Bazaar is organized every year alongside the prestigious International Film Festival of India (IFFI) scheduled to take place from 20th to 28th November, 2024 in Goa. This year, the Film Bazaar will be taking place from 20th to 24th November 2024, at the Marriott Resort in Goa.

    This year’s official selection showcases a rich tapestry of languages, including Hindi, English, Assamese, Tamil, Marwari, Bengali, Malayalam, Punjabi, Nepali, Marathi, Pahadi, and Cantonese. In the Film Bazaar, Filmmakers from India, Bangladesh, Nepal, Australia, the UK, Germany, and Hong Kong will pitch their projects to a range of industry professionals, including producers, distributors, festival programmers, financiers, and sales agents.

    The Open Pitch session has proven to be a fantastic opportunity for filmmakers to forge connections and explore potential collaborations. Here is the list of Films and Web Series which made into the Co-production market this year:  

     

    Sr. No

    Films / Web Series

    Country / State

    Language

    1

    A Night’s Whispers and the Winds

    India

    Assamese

    2

    Aadu Ki Kasam (Destiny’s Dance)

    India

    English, Hindi

    3

    Aanaikatti Blues

    India

    Tamil

    4

    Absent

    India

    Hindi, English

    5

    All Ten Heads Of Ravanna

    India

    Hindi

    6

    Chetak

    India

    Hindi, Marwari

    7

    Divine Chords

    Bangladesh, India

    Bengali

    8

    Feral

    India

    English

    9

    Gulistaan (Year of the Weeds)

    India

    Hindi

    10

    Guptam (The Last of Them Plagues

    India

    Malayalam

    11

    Harbir

    India

    Punjabi, Hindi, English

    12

    Home Before Night

    Australia, Nepal

    English, Nepali

    13

    Kabootar

    India

    Marathi

    14

    Kothiyan- Fishers of Men

    India

    Malayalam

    15

    Kurinji (The Disappearing Flower)

    India, Germany

    Malayalam

    16

    Baaghi Bechare (Reluctant Rebels)

    India

    Hindi

    17

    Roid

    Bangladesh

    Bengali

    18

    Somahelang (The Song of Flowers)

    India, United Kingdom

    Pahadi, Hindi

    19

    The Employer

    India

    Hindi

    20

    Wax Daddy

    India

    English, Hindi

    21

    The Vampire of Sheung Shui

    Hong Kong

    English, Cantonese, Hindi

    22

    Age Of Deccan- The Legend Of Malik Ambar

    India

    Hindi, English

    23

    Chauhans BNB Bed And Basera

    India

    Hindi

    24

    Chekavar

    India

    Tamil, Malayalam

    25

    IndiPendent

    India, United Kingdom

    English, Tamil

    26

    Just Like Her Mother

    India

    Hindi, English

    27

    Modern Times

    India, United Kingdom

    English, Tamil

    28

    Pondi-Cherie

    India

    Hindi, English

    29

    RESET

    India

    Tamil, Hindi, Telugu, Kannada, Malayalam

    This year also marks an exciting partnership with the Asia TV Forum & Market (ATF), introducing a project within a cross-exchange initiative. With the growing popularity of web series, NFDC has included eight compelling projects across various genres such as Drama, Romance, Period Drama, Comedy, Action, Coming-of-age, Adventure, and Thriller.

    Managing Director of NFDC, Shri Prithul Kumar, shared that “the Co-Production Market has become a crucial part of Film Bazaar, providing valuable financial support to selected projects. This year, we received an impressive 180 feature applications from 23 countries in 30 languages. For our inaugural Web Series edition, we had 38 submissions from 8 countries representing 14 languages. We wish all the selected filmmakers the best of luck in finding the perfect co-production partners to bring their visions to life!”

    About Film Bazaar

    Since its inception in 2007, Film Bazaar has been dedicated to discovering, supporting, and showcasing South Asian films and talent in filmmaking, production, and distribution. The Bazaar also facilitates the sales of world cinema in the South Asian region, serving as a converging point for South Asian and international filmmakers, producers, sales agents, and festival programmers seeking creative and financial collaboration. Over five days, the Film Market focuses on promoting South Asian content and talent. The Co-Production Market aims to spotlight diverse global narratives.

    About IFFI

    Founded in 1952, the International Film Festival of India (IFFI) stands as one of Asia’s premier film festivals. Since its inception, IFFI has aimed to celebrate films, their captivating stories, and the talented individuals behind them. The festival seeks to promote and spread a deep appreciation and love for films, build bridges of understanding and camaraderie among people, and inspire them to reach new heights of individual and collective excellence.

    ***

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: English Translation of Press Statement by Prime Minister at the Joint Press Conference with Chancellor of Germany

    Source: Government of India

    Posted On: 25 OCT 2024 4:33PM by PIB Delhi

    Your Excellency, Chancellor Scholz,
    Delegates of both countries,
    Friends from the media,

    Namaskar!

    Guten Tag!

    First of all, I would like to extend a warm welcome to Chancellor Scholz and his delegation to India. I am happy that we have had the opportunity to welcome you to India for the third time in the last two years.

    You can gauge the extent of the strategic partnership between India and Germany from the activities over the last two-three days. This morning, we had the opportunity to address the Asia Pacific Conference for German Business.

    The first IGC of my third term concluded a short while ago. Right now, we have just come from the CEO Forum meeting. At the same time, German naval ships are making port calls in Goa. And the sports world is not far behind—friendly matches are also being played between our hockey teams.

    Friends,

    Our partnership under the leadership of Chancellor Scholz has gained new momentum and direction. I congratulate Chancellor Scholz for Germany’s “Focus on India” strategy, which provides a blueprint to modernize and elevate the partnership between two large democracies in the world in a comprehensive manner.

    Today, our innovation and technology roadmap has been launched. A whole-of-government approach to Critical and Emerging Technologies, Skill Development, and Innovation has also been agreed upon. This will strengthen cooperation in areas such as Artificial Intelligence, Semiconductors, and Clean Energy. It will also help in building secure, trusted, and resilient global supply value chains.

    Friends,

    Growing cooperation in the defense and security sectors reflects our deep mutual trust. The agreement on the exchange of classified information is a new step in this direction. The Mutual Legal Assistance Treaty signed today will further bolster our joint efforts to combat terrorism and separatist elements.

    Both countries are constantly working on their shared commitment to green and sustainable growth. Today, taking our Green and Sustainable Development Partnership forward, we have agreed on the second phase of the Green Urban Mobility Partnership. Additionally, the Green Hydrogen Roadmap has also been launched.

    Friends,

    The ongoing conflicts in Ukraine and West Asia are a matter of concern for both countries. India has always maintained that war cannot solve any problem at all, and stands ready to make every possible contribution towards the restoration of peace.

    We both agree on ensuring freedom of navigation and adherence to the rule of law in accordance with international laws in the Indo-Pacific region.

    We also agree that the Global Forums created in the twentieth century are not capable of addressing challenges of the twenty-first century. There is a need for reforms in various multilateral institutions, including the UN Security Council.

    India and Germany will continue to actively cooperate in this direction.

    Friends,

    People-to-people connections are an important pillar of our relationship. Today, we have decided to work together in skills development and vocational education. An agreement has also been signed between IIT Chennai and Dresden University, which will allow our students to take advantage of a Dual Degree program.

    India’s young talent is contributing to the progress and prosperity of Germany. We welcome the “Skilled Labour Strategy” released by Germany for India. I am confident that our young talent pool will get better opportunities to contribute to Germany’s development. I congratulate Chancellor Scholz for his faith in the capacity and capability of Indian talent.

    Excellency,

    Your visit to India has given new momentum, energy, and enthusiasm to our partnership. I can confidently say that our partnership has clarity, and the future is bright.

    In German, Alles klar, Alles gut!

    Thank you very much.
    Danke schön.

    DISCLAIMER -This is the approximate translation of Prime Minister’s remarks. Original remarks were delivered

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: English Translation of Opening Remarks by the Prime Minister at the 7th India-Germany Inter-Governmental Consultations

    Source: Government of India (2)

    Posted On: 25 OCT 2024 4:03PM by PIB Delhi

    Excellency,

    A warm welcome to you and your delegation on the occasion for the 7th India-Germany Inter-Governmental Consultations.

    Excellency,

    This is your third trip to India. Fortunately, this is also the first IGC meeting of my third term. In a way, this is a triple celebration of our friendship.

    Excellency,

    In 2022, during the last Inter-Governmental Consultation held in Berlin, we made important decisions for bilateral cooperation.

    In the last two years, there has been encouraging progress in various areas of our strategic partnership. Increasing cooperation in areas such as defence, technology, energy, and green and sustainable development has become a symbol of mutual trust.

    Excellency,

    The world is going through a period of tension, conflict, and uncertainty. There are also serious concerns about the rule of law and freedom of navigation in the Indo-Pacific region. In such times, the strategic partnership between India and Germany has emerged as a strong anchor.

    This is not a transactional relationship; this is a transformational partnership between two capable and strong democracies—a partnership that is contributing to building a stable, secure, and sustainable future for the global community and humanity.

    In this regard, the “Focus on India” strategy you released last week is most welcome.

    Excellency,

    I am pleased that we are taking many new and important initiatives to expand and elevate our partnership. We are moving from a whole-of-government approach to a whole-of-nation approach.

    Industries from both countries are connecting innovators and young talent. Democratizing technology is our shared commitment. Today, the Roadmap on Innovation and Technology is being released, which will further strengthen our cooperation in important areas such as Artificial Intelligence, Semiconductors, and Clean Energy.

    We have just participated in the Asia-Pacific Conference of German Business, and shortly, we will also participate in the CEOs Forum. This will strengthen our cooperation even further. Our efforts to diversify and de-risk our economies will gain momentum, helping to create secure, reliable, and trusted supply value chains.

    In line with our commitment to climate action, we have created a platform for global investment in renewable energy. Today, the Green Hydrogen Roadmap has also been released.

    We are pleased that education, skill development, and mobility are advancing between India and Germany. We welcome the Skilled Labour Mobility Strategy released by Germany. I believe today’s meeting will elevate our partnership to new heights.

    I’d now like to hear your thoughts.

    After that, my colleagues will brief us on the steps being taken to foster mutual cooperation in various areas.

    Once again, a very warm welcome to you and your delegation in India.

    DISCLAIMER -This is the approximate translation of Prime Minister’s remarks. Original remarks were delivered

    MIL OSI Asia Pacific News

  • MIL-OSI Europe: EIB commits €650 Million to support Green Energy transition with Elia Transmission Belgium for Princess Elisabeth Island Project

    Source: European Investment Bank

    • BRUSSELS (BE) – VLISSINGEN (NL) | The European Investment Bank (EIB) and Elia Transmission Belgium (ETB) have signed a €650 million green credit facility agreement, further broadening ETB’s financing portfolio and advancing Europe’s transition from fossil fuels to green energy. The proceeds are earmarked for the realisation of the first phase of the Princess Elisabeth Island project. The Belgian energy island is crucial for the Belgian and European energy transition, helping to bring large amounts of wind energy from the North Sea to the consumption centres on the mainland.

    Significant contribution to energy security and European competitiveness

     The contract was signed by EIB Vice-President Robert de Groot, ETB CEO Frédéric Dunon, and ELIA Group Interim CEO Catherine Vandenborre on 25 October 2024 at a ceremony held at the island’s caisson yard in Vlissingen (NL), in the presence of the Belgian Minister of Energy, Tinne Van der Straeten; the Head of European Commission Representation in Belgium, Thomas de Béthune; and various diplomatic dignitaries from countries around the North Sea, including the Belgian and German ambassadors to the Netherlands and the German ambassador to Belgium. 

    The Princess Elisabeth Island will be constructed between 2024 and 2027, at about 45 km off the Belgian coast within the Princess Elisabeth wind zone. The island is one of ETB’s key projects and is the world’s first artificial energy island. By integrating 3.5 GW of additional offshore wind capacity into Belgium’s electricity grid (to power more than 3 million households), the Princess Elisabeth Island will reduce the country’s dependence on fossil fuels and provide more affordable green electricity, contributing to social welfare and industrial competitiveness. It will also significantly contribute to the European Union meeting its renewable energy targets and climate-neutrality goal.

    Strong support from European institutions

     Promoting renewable energy, enhancing energy security, and fostering European interconnectedness are key for the European Union to reach its climate and energy goals. The EIB’s support highlights ETB’s leading role in connecting offshore wind capacity to Europe’s onshore grid and strengthening the integration of the European energy market.

    In addition to unlocking Belgium’s second offshore wind zone, the Princess Elisabeth Zone, the island will also serve as a landing point for additional interconnectors that will link Belgium to its neighbours. Another important element for the EU bank is the project’s innovative nature, featuring hybrid interconnectors and a nature-inclusive design to foster biodiversity and support marine life, making it a benchmark for sustainable energy solutions.

    The energy island will play an important role in the green energy transition for both Belgium and the broader European Union, which is why it receives substantial EU support. The project is backed by the REPowerEU initiative, which aims to reduce Europe’s reliance on fossil fuel imports and accelerate the shift to sustainable energy. Additionally, the energy island is a flagship project within Belgium’s recovery and resilience plan, securing a €100 million loan from the overarching European Recovery and Resilience Facility under NextGenerationEU.

    “The Princess Elisabeth Island project is a cornerstone for enhancing Belgium’s and Europe’s energy security and independence. This initiative not only strengthens Belgium’s energy infrastructure but also fosters vital interconnections with neighbouring countries, thereby promoting increased regional cooperation. By investing in this project, the EIB and Elia are deepening the European power market and paving the way for a sustainable, more secure and resilient energy future for all European citizens.”

    Robert de Groot, Vice President of the European Investment Bank

    “We highly value the support provided by the European Investment Bank, which is a testament to our European ambitions and marks another milestone in our funding diversification strategy. Our proven expertise and pioneering work on creating an artificial energy island amplify Europe’s innovative edge and competitiveness amidst a global energy shift. This loan will provide us with stable, long-term financing with favourable conditions – for the benefit of Belgian consumers.”

    Catherine Vandenborre, Elia Group’s interim CEO

     Innovation to accelerate the energy transition

     The Princess Elisabeth Island will be the first artificial energy island in the world hosting both high-voltage direct current (HVDC) and alternating current (HVAC) infrastructure. The first of the island’s caissons, or foundations, are currently being built in Vlissingen (the Netherlands) and will soon be sunk at sea and filled with sand to form the foundations of the island.

    The high-voltage infrastructure installed on the island will bundle together the export cables of the Princess Elisabeth Zone wind farms while also serving as a hub for future interconnectors that will link Belgium to the United Kingdom and other countries. These hybrid interconnectors will perform two functions at once, meaning that their design is more efficient than that of most current interconnectors. These hybrid interconnectors will enable power exchanges between Belgium and its neighbours whilst also being connected to large offshore wind farms in the North Sea. The latter will eventually supply Belgium with large quantities of renewable energy.

    Background information

     About the European Investment Bank

     The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. It finances sound investments that further EU policy objectives. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, and support a just and swift transition to climate neutrality.

    All new projects financed by the EIB Group – the EIB and the European Investment Fund (EIF) – are in line with the Paris Agreement. Investments in fossil fuels that do not reduce CO2 emissions are not eligible for financial support. The EIB Group is on track to deliver on its commitment to support €1 trillion in climate action and environmental sustainability investment in the decade to 2030, as pledged in its Climate Bank Roadmap.

    In 2023, the EIB Group signed a total of €88 billion in new financing, of which more than €21 billion supported projects in energy efficiency, renewable energy, electricity networks and storage in the European Union and beyond. The total financing for climate action and environmental sustainability stood at €49 billion.

    Read more on the EIB’s support for the energy sector here and on REPowerEU to accelerate Europe’s green transition here.

     About Elia Group

     One of Europe’s top five TSOs

    Elia Group is a key player in electricity transmission. We ensure that production and consumption are balanced around the clock, supplying 30 million end users with electricity. Through our subsidiaries in Belgium (Elia) and the north and east of Germany (50Hertz), we operate 19,460.5 km of high-voltage connections, meaning that we are one of Europe’s top 5 transmission system operators. With a reliability level of 99.99%, we provide society with a robust power grid, which is important for socioeconomic prosperity. We also aspire to be a catalyst for a successful energy transition, helping to establish a reliable, sustainable and affordable energy system.

    We are making the energy transition happen

    By expanding international high-voltage connections and incorporating ever-increasing amounts of renewable energy into our grid, we are promoting both the integration of the European energy market and the decarbonisation of society. We also continuously optimise our operational systems and develop new market products so that new technologies and market parties can access our grid, thus further facilitating the energy transition.

    In the interest of society

    As a key player in the energy system, Elia Group is committed to working in the interest of society. We are responding to the rapid increase in renewable energy by constantly adapting our transmission grid. We also ensure that investments are made on time and within budget, with a maximum focus on safety. In carrying out our projects, we manage stakeholders proactively by establishing two-way communication channels between all relevant parties very early on in the development process. We also offer our expertise to different players across the sector in order to build the energy system of the future.

    International focus

    In addition to its activities as a transmission system operator, Elia Group provides consulting services to international customers through its subsidiary Elia Grid International. In recent years, the Group has launched new non-regulated activities such as re.alto – the first European marketplace for the exchange of energy data via standardised energy APIs – and WindGrid, a subsidiary which will continue to expand the Group’s overseas activities, contributing to the development of offshore electricity grids in Europe and beyond.

    The legal entity Elia Group is a listed company whose core shareholder is the municipal holding company Publi-T.

    eliagroup.eu

    MIL OSI Europe News

  • MIL-OSI Economics: Germany pledges EUR 150,000 to help developing economies meet farm trade standards

    Source: World Trade Organization

    WTO Director-General Ngozi Okonjo-Iweala said: “Germany demonstrates once again its commitment to helping developing countries and LDCs maximize the benefits of trade by improving their ability to comply with SPS requirements. This contribution will allow them to participate more actively in global agricultural markets for the benefit of thousands of farmers.”

    Ambassador Heidecke said: “The STDF makes important contributions to help developing countries and LDCs implement SPS standards and tackle global challenges. The German Ministry for Food and Agriculture is therefore very pleased to be renewing its support to help the STDF carry out its projects.”

    Overall, Germany has donated CHF 10.6 million to the STDF since 2006 and CHF 38.5 million to the various WTO trust funds over almost 25 years.

    The STDF is a global multi-stakeholder partnership to facilitate safe and inclusive trade, established by the Food and Agriculture Organization (FAO) of the United Nations, the World Organisation for Animal Health (OIE), the World Bank Group, the World Health Organization (WHO) and the WTO, which houses and manages the partnership. The STDF responds to evolving needs, drives inclusive trade and contributes to sustainable economic growth, food security and poverty reduction, in support of the United Nations Sustainable Development Goals.

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    MIL OSI Economics

  • MIL-OSI Banking: Navigating Trump’s tariffs and social media key strategic priorities for retailers in 2025, says GlobalData

    Source: GlobalData

    Navigating Trump’s tariffs and social media key strategic priorities for retailers in 2025, says GlobalData

    Posted in Retail

    2025 will present significant challenges for retailers globally, as geopolitical issues and the disruptive force of AI continue, with the added challenge of navigating the impacts of the Trump administration, says GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Strategic Intelligence: Top Themes in Retail and Apparel 2025,” reveals that international trade and social media will be among the major themes impacting the retail sector in 2025.

    Sophie Mitchell, Retail Analyst at GlobalData, comments: “Trump’s proposed tariffs and tougher import tax regulations will cause major issues for retailers, especially those who operate highly globalized supply chains, adding significant import costs that will ultimately be passed on to the consumer. Solutions to this, including diversifying or localizing supply chains, will not happen overnight and come with their own costs, such as the higher cost of labor, which could again be passed on to consumers through higher retail prices.

    “Shein and Temu could be two of the biggest retailers to be hit by the measures, as for instance, Europe could also impose retaliatory tariffs to ensure it does not become the primary destination for Chinese goods as they are displaced from the US.”

    Something Trump has immediately taken action on is negotiations with China over TikTok. Trump’s pause on the ban on TikTok in the US indicates that he intends to reach a deal with its Chinese owner. However, the brief ban and prior noise around its implications have highlighted how essential a social media strategy centered around short-form video content with shoppable links, particularly on TikTok, is to driving retailers’ sales.

    GlobalData’s global survey of respondents in seven countries (US, France, Germany, Italy, Spain, China, and the UK) conducted in December 2023 found that 33.5% of consumers use TikTok (excluding China), making it the fourth most used social media app after Facebook, Instagram, and YouTube, overtaking X/Twitter*.

    Mitchell continues: “TikTok Shop provides a significant opportunity for retailers to convert usage and content consumption into sales, with consumers being able to discover and purchase products on one platform, whereas previously social content was primarily a brand awareness raising exercise.”

    TikTok has been particularly instrumental for retailers as it has allowed for the growth of micro-influencers, larger influencers, user-generated content, and brand/ retailer-generated content all in one platform due to the way the algorithm works. Retailers can take a 360-degree strategic approach to targeting consumers on the platform, with a combination of paid ads, organic reviews, and brand campaigns, convincing them to buy a product that they may not even have to leave the app to purchase.

    Mitchell concludes: “An effective social media strategy is essential for retailers in 2025, and should a permanent ban on TikTok come into effect in the US, retailers should pivot to other social media platforms that offer multi-pronged approaches to marketing and the ability to complete the shopping journey in-app, as TikTok’s efficacy has been proven.”

    *GlobalData’s 2023/24 Global Survey was conducted in December 2023 with 1,000 consumers per country

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: River of Light smashes previous festival records

    Source: City of Liverpool

    An illuminating report has revealed that last year’s River of Light festival was the most successful ever.

    The 12-night light festival attracted double the number of visitors from previous years and was worth £18.9m to the local economy – a significant increase on previous editions of the event.  

    The festival’s popularity was felt right across the city centre with footfall up, and restaurants, bars and shops reporting a boost in sales.

    At Liverpool ONE, in comparison to the impact of the 2023 edition of River of Light, there was a huge spike in footfall during 5-9pm, with reports of an 11 percent increase in footfall with almost 1 million visitors to the retail and leisure complex during River of Light, while restaurants saw a 22 per cent increase in sales.

    Over at Royal Albert Dock Liverpool, many of the outlets there benefitted from River of Light. Rosa’s Thai experienced its biggest sales since it opened in 2019, Francie’s Focaccia & Coffee – which went viral on social media for its hot chocolate – had an impressive  40 per cent increase in sales, and Gusto welcomed a different, younger clientele to what they are used to, with non-stop business each event night, from 4-11pm.

    Liverpool BID Company which represents city centre businesses reported a significant increase in footfall around the Church Street, Lord Street and Whitechapel areas throughout the duration of the event period in comparison to 2023, with just over 186,000 extra people recorded. Numbers peaked on Saturday 2 November when there was a 122 per cent increase in the number of visitors.

    Hotel occupancy also increased in comparison to 2023, an indication that people from outside Liverpool City Region are travelling to enjoy the light trail. There was a 96.6 per cent occupancy rate on 1 November – up 17 per cent on the previous year.  

    Research from North West Research – part of the Liverpool City Region Destination Partnership – also showed that of the audience surveyed, 55 per cent responded to say that they don’t attend any other cultural events or activity during the course of a year, reinforcing how crucial the festival is in engaging the widest possible audience in free, world-class art. 

    Around 30 per cent of those surveyed had never been to River of Light before, and 83 per cent said they are likely to return to Liverpool again.  

    It also proved a huge hit online with 1.1 million views across the official Visit Liverpool event pages – the site’s highest web traffic for the site in that period, with interest from across the UK, Spain, Germany and the United States.

    River of  light will be back for the eight time from Friday 24 October to Sunday 2 November, this year’s theme will be Optics – Science and Light.

    Any artists who would like to propose a new or existing artwork for the festival should contact cultureliverpool@liverpool.gov.uk so they can be sent a more detailed commissioning brief.

    Councillor Harry Doyle, Cabinet Member for Health, Wellbeing and Culture said: 

    “These results are stunning. We all saw how busy the festival was this year but that huge economic impact figure has smashed our previous festivals.

    “I think we were lucky enough to have a perfect set of circumstances – the weather was unseasonably warm and dry, the artworks were incredible and interactive, it was a strong marketing campaign and of course the dates fell perfectly for family audiences to attend. I am not expecting every year to have impact figures like this, but a huge congratulations to everyone involved in 2024 for such a bumper edition!”

    Claire McColgan CBE, Director of Culture Liverpool said

    “River of Light continues to grow and just get better and better. The fact that so many of our audience are young and often don’t engage in other cultural events and activity is so special – the festival has become a place where everyone can spend time with families and friends alongside incredible free art. It is a perfect Liverpool event and again shows that nowhere in the UK embraces outdoor art like this city. 

    “I am really excited about this year’s festival – a collision of art and science in the most spectacular and accessible way. As a city which boasts some of the most innovative science and creative industries, it is wonderful to be able to shine a spotlight on some of that work which many people might not be aware of. Already we have some jaw-dropping artworks and unexpected collaborations lined up, but we are keen to hear from artists or scientists who might have ideas for an installation that can capture the scale and theme of the project in 2025.” 

    Iain Hoskins, Managing Director – Ma Pub Group, responsible for Nova Scotia, said:

    “We love River of Light and it’s an absolute fixture of Liverpool’s cultural events calendar that we all look forward to each year. 

    “As a waterfront business, it’s incredible to have something to drive such huge footfall in the traditionally harsh trading conditions between the end of the summer and the start of Christmas. 

    “Each year it gets better and better and the feedback we get as a hospitality business from locals and tourists visiting River of Light, it’s something that the city should be very proud of. It brings together an incredible cross-generational appeal that you rarely see in public festivals. 

    “As a business we see a massive uptick in our sales during the festival period. Additionally, we also find it brings people through our doors for the first time, that then becoming reacquiring customers. So, the benefit of this extra footfall is not just during the festival, but throughout the year.” 

    Katherine Caldwell from The Nest – an art and design shop based at Royal Albert Dock Liverpool, said: 

    “Events like River of Light show how Liverpool can produce spectacular, immersive, and joyful cultural events for visitors that are hugely popular.

    “It encourages people of all ages to play and expand their imagination within a programme of exciting installations that are totally unique to the city.”

    MIL OSI United Kingdom

  • MIL-OSI Banking: profitflex247.com: BaFin warns of website and points to identity theft

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The website operator appears under the name ProfitFlex247, without using a legal form. He does not provide any information about his place of business. The operator claims to be authorised and regulated by the UK Financial Conduct Authority (FCA). It links to the FCA’s homepage to a publication there about the registration of the company Flex Instant Services Ltd. The BaFin has no information about a possible connection between Flex Instant Services Ltd and the website profitflex247.com. Rather, it is assumed that the company’s identity has been stolen.

    Recently, a large number of websites with almost identical content have come to light, and BaFin has also issued warnings about these. In all cases, the presentation on the websites begins with the following sentence: ‘Step Into the Trading Arena with Confidence & [name of website]’ or, more recently, ‘Enter the trading arena with confidence & [name of website]’. In addition, BaFin has evidence of a link between the ‘Step Into the Trading Arena with Confidence’ platform series and the ‘Trade Wisely’ platform series, which BaFin has also already warned about.

    Anyone offering financial or investment services in Germany requires the permission of BaFin. However, some companies offer such services without the required permission. Information on whether a particular company is authorised by BaFin can be found in the company database.

    The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Global Banks

  • MIL-OSI China: Art Basel CEO depicts Chinese art as ‘fundamentally popular’

    Source: China State Council Information Office 3

    An art work by Colombian artist Fernando Botero is on show during the second Art Basel in Hong Kong, south China, May 16, 2014. (Xinhua/Li Peng)

    Noah Horowitz, CEO of Art Basel, said that he sees continued spending on art and antiques by high-net-worth individuals (HNWIs) despite a challenging market, bolstered by a strong appetite from Chinese buyers and an increased expenditure on emerging and female artists.

    “Chinese art remains fundamentally popular,” said the CEO of the world’s leading art fair in a virtual interview with Xinhua, discussing “The Art Basel and UBS Survey of Global Collecting 2024,” a report published on Thursday.

    “It’s such a large market with so much happening, in Beijing, Shanghai, Guangzhou and elsewhere that I think that there’s continued interest. We see that most visibly in our Hong Kong fair and we can expect that to continue,” said Horowitz.

    The report was authored by cultural economist Dr. Clare McAndrew of Arts Economics and conducted in collaboration with Swiss banking giant UBS.

    The survey examines the spending, event attendance, motivations for collecting of HNWIs and their interactions with artists, galleries and institutions. It reveals insights into the behaviors of HNWIs across 14 markets worldwide in 2023 and the first half of 2024.

    Horowitz described the 2024 survey as the largest of its kind to date, which gathered responses from over 3,660 HNWIs in Brazil, France, Germany, Hong Kong, Indonesia, Italy, Japan, the Chinese mainland, Mexico, Singapore, Switzerland, Taiwan, Britain and the United States.

    Visitors look at exhibits during Art Basel Hong Kong 2018 at Hong Kong Convention and Exhibition Centre in south China’s Hong Kong, March 27, 2018. (Xinhua/Li Peng)

    “China is a large, diversified economy with many active artists and galleries, and it contributes a huge amount to the global art trade,” he said.

    “The broader Asian story is really compelling. We’re seeing a lot of clients from throughout the Asian region, attending our shows, leaning in and remaining very active. It’s a super important market for us, and we can expect to see that vibrancy continue,” he added.

    HNWIs from the Chinese mainland had the highest expenditure on art and antiques in 2023, as well as in the first half of 2024 with a median of 97,000 U.S. dollars, more than double that of any other region surveyed, the report showed, indicating that the strong return to spending has been sustained despite worries of a slowdown in the market, Horowitz said.

    Horowitz also underscored a significant appetite to buy living artists’ work and increased expenditure on emerging as well as female artists.

    “I think it’s a reminder that at the highest level of the wealth spectrum, there’s still considerable spending on art and luxury goods,” he told Xinhua.

    Founded in 1970 by gallerists from Basel, Switzerland, Art Basel today stages the world’s premier art shows for modern and contemporary art. It has four locations: Basel, Miami Beach, Hong Kong and Paris.

    MIL OSI China News

  • MIL-OSI Global: World update: Ukraine faces prospect of defeat – but the west must ensure a just peace

    Source: The Conversation – UK – By Jonathan Este, Senior International Affairs Editor, Associate Editor

    There’s a degree of irony that countries attending the 2024 Brics summit this week voted to adopt the Kazan declaration (named for the capital city of the autonomous republic of Tatarstan in Russia, where the summit is being held). The declaration’s first clause emphasises that “all states should act consistently with the Purposes and Principles of the UN Charter in their entirety”. There’s also a certain amount of chutzpah on the part of conference chair, Vladmir Putin, whose ongoing invasion of Ukraine is so egregiously in breach of that charter.

    Article one stresses that the primary purpose of the UN is to “maintain international peace and security”. Article two rules that: “All Members shall settle their international disputes by peaceful means”. If that’s not clear enough, it goes on to further insist that: “All Members shall refrain in their international relations from the threat or use of force against the territorial integrity or political independence of any state.”

    Still, its a funny old world in which the UN secretary general, António Guterres, pitches up at a summit whose host is wanted on an arrest warrant issued by the International Criminal Court on charges relating to the alleged illegal deportation of Ukrainian children to Russia. In a country whose troops are currently fighting in Ukraine in direct contravention of the UN’s charter.

    To add a further layer of irony, October 24 is the 79th anniversary of the entry into force of the UN Charter in 1945.

    Guterres called on Putin to agree a peace deal “in line with the UN Charter, international law and UN General Assembly resolutions”. The Russian leader is perhaps more likely to listen to a deal proposed by the Chinese president, Xi Jinping. He said: “We must uphold the three key principles: no expansion of the battlefields, no escalation of hostilities, and no fanning flames and strive for swift de-escalation of the situation.”


    Now, more than ever, it’s vital to be informed about the important issues affecting global stability. Sign up to receive our weekly World Update newsletter. Every Thursday we’ll you expert analysis of the big stories making international headlines.


    The UN chief’s idea of a just peace would call for Russia to give up its illegal occupation of Crimea and eastern Ukraine. Xi’s proposal appears to call for a deal based on the status quo – virtually the opposite, in other words.

    This is pretty much all Ukraine can hope for, as far as the University of Portsmouth’s Frank Ledwidge is concerned. Ledwidge, who has written regularly for The Conversation since Putin launched his invasion in February 2024 and is well plugged into defence and intelligence networks in Nato as well as in Ukraine itself, believes that Ukraine cannot defeat Russia – at least as things stand.

    Ledwidge says Ukraine’s western allies are partly to blame for the maximalist aims of the country’s president Volodymyr Zelensky. Western rhetoric has not properly been matched by sufficient weapons or the permission to use them as effectively as the situation warrants. Now is the time for realism, he writes:

    A starting point could be accepting that Crimea, Donetsk and Luhansk are lost … Then we need to start planning seriously for a post-war Ukraine that will need the west’s suppport more than ever.




    Read more:
    Ukraine cannot defeat Russia – the best the west can do is help Kyiv plan for a secure post-war future


    One of the key factors that Ledwidge stresses is that just one of Russia’s allies, North Korea, has supplied twice as many artillery shells this year as the whole of Europe. Now North Korean troops are apparently also about to join their Russian comrades on the battlefield. This, writes Ra Mason – a Korea specialist at the University of East Anglia – will help ease the pressure on Putin to bring forward his mobilisation plans.

    Losing battle? The state of the conflict in Ukraine, October 23.
    Institute for the Study of War

    It’s a diplomatic coup for Putin, Mason believes – it’s a “clear show of opposition towards the Washington-led global order”, which “deals a further blow to the myth that the Russian Federation is isolated, as an international pariah, in a world led by western powers.”

    But a military coup de grace against Ukraine? Probably not. The jury is out on how effective North Korea’s “poorly equipped, unmotivated and undernourished” troops will be against Ukraine’s highly motivated defenders. It will also be interesting to see where and how they are deployed. If sent to the frontlines in Kursk, they’ll be helping an ally in its struggle against an incursion by Ukrainian forces. If deployed inside Ukraine, they’ll join Russia in breach of international law. Mason concludes:

    If sent into new theatres of war against state-of-the-art Nato-supplied weaponry, it could effectively mean waves of ill-prepared cannon fodder being thrown into the meat grinder of Donbas’ trenches.




    Read more:
    Kim Jong-un sends North Korean troops to fight in Ukraine – here’s what this means for the war


    Incidentally, the term “meat grinder” has been much bandied about of late. It follows reports from US intellegence recently that, while Russian forces have been making rapid advances and gaining a significant amount of ground in recent weeks, they are doing so at considerable cost in terms of dead and wounded. September was a particularly bloody month, with reports of Russian losses of more than 1,000 men a day, killed or wounded.

    But Russian military strategists are well versed in such pyrrhic victories, writes historian Becky Alexis-Martin, who points to equally savage losses in Russia’s defence against Napoleon and in the first and second world wars. Stalin, in particular, was able to defeat the Nazi war machine by, inter alia, throwing millions of troops at their enemies (and incurring terrible casualties). But it’s not a strategy that guarantees success. And terrible psychological effects are beginning to manifest themselves in veterans returning from Ukraine with severe and often violent post-traumatic stress disorder.




    Read more:
    Russia’s ‘meat grinder’ tactics in Ukraine have proved effective in past wars – but at terrible cost


    The diplomatic front

    As if things weren’t bad enough for Zelensky on the battlefield, the Ukrainian president was dealt a serious blow earlier this month when the US president, Joe Biden, was forced by extreme weather events, including a hurricane hitting the state of Florida, to cancel the planned meeting of the heads of government of up to 50 of Ukraine’s western allies in Germany. The “Ramstein Group”, so-called after the German air base at which they meet, was scheduled to meet in the second week of October to consider Zelensky’s “victory plan”. Stefan Wolff, an international security expert at the University of Birmingham writes that the Ukrainian president was hoping to get some degree of commitment for a path to Nato membership for Ukraine as well as permission to use western-supplied long-range missiles against targets deep inside Russia.

    Neither of these seem likely to happen in the short term, says Wolff. Like Ledwidge, Wolff thinks Ukraine is doomed to defeat unless its allies double down on their aid – and fast. And like Ledwidge, Wolff sees little indication of that happening any time soon.




    Read more:
    Ukraine faces worsening odds on the battlefield and a struggle on the diplomatic front after Biden postpones summit


    When it comes to continuing US support for Ukraine’s war effort, all eyes are now firmly fixed on November 5. The outcome of the presidential election will be seriously consequential for Ukraine’s future. Both candidates have made their positions clear and there is considerable difference between the two positions.

    Donald Trump has said any number of times that had he not lost that “rigged and stolen” election to Biden in 2020, Putin would never have invaded Ukraine in the first place. Still, he says, if he wins this one, he’ll bring the war to a very rapid conclusion. But it remains to be seen, given Trump’s oft-stated admiration for Putin, whether the conclusion will be palatable to Kyiv – or to Nato in general.

    Trump’s opponent, Kamala Harris, said the former president’s proposals are not “proposals for peace, they’re proposals for surrender”. As vice-president during the Biden administration, she flew to Europe not long after the invasion in February 2022 to help shore up support for Kyiv. Harris has also regularly restated her intention to continue to back Ukraine against Russia. In the only debate of the campaign she said that Ukraine was not Putin’s final stop and that he has “his eyes on the rest of Europe, starting with Poland”.




    Read more:
    On Ukraine, candidate Trump touts his role as dealmaker while Harris sticks with unwavering support


    Poland, incidentally, is an interesting case in point. While it is Ukraine’s firmest ally and it leadership is four-square behind Kyiv, the people are curiously divided on the country’s support for Ukraine. You can read more about that here.




    Read more:
    Why many Poles are not as supportive of Ukraine’s war effort as their leaders in Warsaw


    One imagines that Zelensky is as transfixed as anyone else on the 2024 US presidential election campaign as it heads into its final ten days. All we can tell you is that the polls are still very, very close. Well within most pollsters’ margin for error, in fact. A poll of polls, which combines polls from different agencies, published on the website FiveThirtyEight on October 22 shows that Harris leads Trump by 48.1% to 46.3% in the national popular vote. But the accepted popular wisdom is that the complex electoral college system used in the US may well favour Trump’s candidacy.

    We’ll be providing daily updates on the US presidential race and full coverage of election day on November 5 and its aftermath.




    Read more:
    Harris nudges ahead of Trump in the polls – but could the economy prove her downfall?


    World Update is available as a weekly email newsletter. Click here to get our updates directly in your inbox.


    ref. World update: Ukraine faces prospect of defeat – but the west must ensure a just peace – https://theconversation.com/world-update-ukraine-faces-prospect-of-defeat-but-the-west-must-ensure-a-just-peace-242146

    MIL OSI – Global Reports

  • MIL-OSI Security: Two Key Figures of Notorious Serbian Clan Arrested in Barcelona

    Source: Europol

    The clan leader was apprehended in Barcelona on 18 October, followed by the arrest of his lieutenant on 22 October. Both were wanted for charges including murder, attempted murder and kidnapping of rival gang members in Serbia, Austria, Germany and Spain.The clan leader was considered one of Europe’s most wanted and dangerous fugitives.The ” VračarClan”, a sub-clan of the “Kavač”…

    MIL Security OSI

  • MIL-OSI Europe: ECB Consumer Expectations Survey results – September 2024

    Source: European Central Bank

    25 October 2024

    Compared with August 2024:

    • median consumer inflation perceptions over the previous 12 months and consumer inflation expectations for the next 12 months and for three years ahead all declined;
    • expectations for nominal income growth over the next 12 months increased, while expectations for spending growth over the next 12 months remained unchanged;
    • expectations for economic growth over the next 12 months were unchanged, while the expected unemployment rate in 12 months’ time increased;
    • expectations for growth in the price of homes over the next 12 months increased slightly, while expectations for mortgage interest rates 12 months ahead declined slightly.

    Inflation

    The median rate of perceived inflation over the previous 12 months declined further in September to 3.4%, from 3.9% in August. Perceptions of past inflation have thus declined by 5.0 percentage points since their peak of 8.4% in September 2023. Median expectations for inflation over the next 12 months declined to 2.4%, from 2.7% previously, and stood at their lowest level since September 2021. Median expectations for inflation three years ahead also declined in September, by 0.2 percentage points to 2.1%, their lowest level since February 2022 (when Russia invaded Ukraine). Inflation expectations at the one-year and three-year horizons remained below the perceived past inflation rate. Uncertainty about inflation expectations over the next 12 months remained unchanged, also at its lowest level since February 2022. While the broad evolution of inflation perceptions and expectations remained relatively closely aligned across income groups, expectations for lower income quintiles were slightly above those for higher income quintiles. Younger respondents (aged 18-34) continued to report lower inflation perceptions and expectations than older respondents (those aged 35-54 and 55-70), albeit to a lesser degree than previously. (Inflation results)

    Income and consumption

    Consumer nominal income growth expectations increased to 1.3%, from 1.2% in August. The increase in income expectations continued to be driven by the lowest two income quintiles. Perceptions of nominal spending growth over the previous 12 months remained unchanged at 5.2%. Similarly, expectations for nominal spending growth over the next 12 months remained stable at 3.2%, their lowest level since February 2022. For the first time since March 2023, there was no drop in either perceptions or expectations of nominal spending, while inflation perceptions and expectations both continued on their downward trajectory, which might indicate a positive turning point for real spending. (Income and consumption results)

    Economic growth and labour market

    Economic growth expectations for the next 12 months were stable in September, standing at -0.9%. Meanwhile, expectations for the unemployment rate 12 months ahead increased to 10.6%, from 10.4% in August. Consumers continued to expect the future unemployment rate to be only slightly higher than the perceived current unemployment rate (10.3%), implying a broadly stable labour market. The lowest income quintile continued to report the highest expected and perceived unemployment rate, as well as the lowest economic growth expectations. (Economic growth and labour market results)

    Housing and credit access

    Consumers expected the price of their home to increase by 2.8% over the next 12 months, which was slightly higher than in August (2.7%). Households in the lowest income quintile continued to expect higher growth in house prices than those in the highest income quintile (3.4% and 2.5% respectively). Expectations for mortgage interest rates 12 months ahead declined slightly to 4.7%, 0.8 percentage points lower than their peak in November 2023 and the lowest level since September 2022. As in previous months, the lowest income households expected the highest mortgage interest rates 12 months ahead (5.3%), while the highest-income households expected the lowest rates (4.2%). The net percentage of households reporting a tightening (relative to those reporting an easing) in access to credit over the previous 12 months declined, as did the net percentage of those expecting a tightening over the next 12 months. (Housing and credit access results)

    The release of the CES results for October is scheduled for 29 November 2024.

    For media queries, please contact: Eszter Miltényi-Torstensson, Tel: +49 171 769 5305

    Notes

    MIL OSI Europe News

  • MIL-OSI Global: The long culinary history of pumpkins – from ancient Mexican soups to modern spiced lattes

    Source: The Conversation – UK – By Serin Quinn, PhD Candidate, Department of History, University of Warwick

    Carving the Pumpkin by Franck Antoine Bail (1910). Bonhams

    October heralds the beginning of pumpkin season. Over the course of the month, they will be used for a variety of non-culinary purposes. In Belgium, they are hollowed out for boat races, and in Ludwigsburg, Germany, thousands of multi-coloured pumpkins are used to make seasonal sculpture parks. At the end of the month, they will be carved up with a ghoulish grin to celebrate Halloween, a tradition that is becoming increasingly popular across the globe.

    Despite being harvested until December, for many, Halloween will mark the end of pumpkin season with the decorations unceremoniously binned. Studies show that just over half of the pumpkins bought in the UK each year (18,000 tonnes of them) go to waste uneaten. Many people don’t even realise that pumpkins are edible.

    But it hasn’t always been this way: pumpkin carving is actually a fairly recent tradition, practiced in the US since around the 1890s. Before becoming the symbol of Halloween, pumpkins had a very long history as a foodstuff.

    Like tomatoes, maize and potatoes, the pumpkin is indigenous to the Americas, with the earliest evidence of pumpkin consumption dating as far back as 8,000BC in Oaxaca, Mexico.

    Pumpkins have come a long way since then, as Indigenous American communities carefully adapted the wild pumpkin into successively bigger and better-tasting varieties. These weren’t all the bright orange we’re familiar with: white, green and yellow varieties were also common, mixed in with squashes (a genetically identical relation).

    Still Life with Pumpkins by Jan Anton van der Baren (1657).
    Kunsthistorisches Museum

    In pre-colonial America, there were a host of different ways to prepare the vegetable, as pumpkin historian Cindy Ott explains. She wrote that Indigenous communities ate pumpkins in soups, roasted them on embers, made them into sauces and baked them into a “bread”.

    Pumpkins and squash were commonly grown and eaten with maize and beans; a combination sometimes called the “three sisters”.

    The rise of the ‘pompion’

    The pumpkin only came to Europe in the 1500s, following the invasion of the Americas. This new vegetable wasn’t as much of a surprise to Europeans as we might expect: gourds, cucumbers and melons are from the same family as pumpkins, Curcubitaceae, and the plants all look very similar, with trailing vines and large golden flowers.

    Farmer with pumpkins by Ilya Ivanovich Mashkov (1930).
    WikiArt

    In European languages, the new plant was given the name of these more familiar foods, so that in English and French it became the pompion (another name for melons), in Italian the zucca and in German the kürbis (both names for gourds).

    All these overlapping names caused some confusion. In 1640, botanist John Parkinson wrote of “gourds or millions, or pompions, or whatsoever else you please to call them”.

    The recipes that pumpkins are best known for in today’s Anglo-American cuisine come from this era of food history. “Pumpion” pies started to appear in English recipe books in the 1660s, but they weren’t much like today’s versions.

    An early printed recipe was written by Hannah Woolley, an English writer who published books on household management, in 1672. It instructs the reader to fry egg-coated slices, mix these with raisins, sugar and fortified wine then place the mixture in a pie dish on top of apples. A little different maybe, but it doesn’t sound too bad.

    The apple association stayed strong in England. Another method, recorded in 1735, was to scoop out the pulp, mix it with chopped apples and sugar, bake this in the hollowed pumpkin, then eat it spread on bread. The author was careful to note that this meal was “too strong for persons of weak stomachs, and only proper for country people who use much exercise” – so be careful if you try this at home.




    Read more:
    A delicious history of the apple – from the Tian Sian mountains to supermarket shelves


    The pie recipes followed a longer tradition of sweet-and-savoury pies which were popular in England at the time. This is also where we get the typical “pumpkin spice” from. These pies were made with artichokes, sweet and ordinary potatoes, and even earlier with parsnips, skirrets and eryngoes (once popular root vegetables). They were mixed with the go-to expensive spices of the day: cinnamon, nutmeg, mace, cloves, ginger and sugar. Maybe we should be calling it the “skirret spice latte”.

    As Europeans steadily colonised America over the 17th century, they brought with them their familiar recipes, including spiced pies. Here, in the home of pumpkins, they had an abundance to make them from.

    The steady rise of Halloween in the globalised age suggests our current waste issue will get worse before it gets better. Reviving the egg-apple-pumpkin pie might not be the solution, but there are plenty of other ways we can use these versatile vegetables. Remembering that pumpkins had millennia of history as a food before they were a decoration is one step on the way.



    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.


    Serin Quinn 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. The long culinary history of pumpkins – from ancient Mexican soups to modern spiced lattes – https://theconversation.com/the-long-culinary-history-of-pumpkins-from-ancient-mexican-soups-to-modern-spiced-lattes-240492

    MIL OSI – Global Reports

  • MIL-OSI Asia-Pac: English Translation of Keynote Address by Prime Minister at the 18th Asia-Pacific Conference of German Businesses (APK 2024)

    Source: Government of India (2)

    Posted On: 25 OCT 2024 2:55PM by PIB Delhi

    Excellency Chancellor Scholz,

    Vice Chancellor Dr. Robert Habeck,

    Ministers of the Indian Government,

    Dr. Busch, Chairman of the Asia-Pacific Committee of German Business,

    Industry leaders from India, Germany, and Indo-Pacific countries,

    Ladies and gentlemen,

    Namaskar!

    Guten Tag!

    Friends,

    Today is a very special day.

    My friend, Chancellor Scholz, has come to India for the fourth time.

    His first visit was as a Mayor, and the next three have been during his terms as the Chancellor, which highlights his focus on India-Germany relations.

    The Asia-Pacific Conference of German Business is being held in India after a gap of 12 years.

    On one hand, a CEO forum meeting is taking place, and on the other, our navies are exercising together. German naval ships are currently on a port call in Goa. Additionally, the seventh Inter-Governmental Consultations between India and Germany will be held shortly.

    Clearly, the friendship between India and Germany is deepening at every step, on every front.

    Friends,

    This year marks the 25th anniversary of the India-Germany Strategic Partnership.

    The next 25 years will see this partnership reach new heights.

    We have created a roadmap for India’s development over the coming 25 years.

    I am happy that at such a critical time, the German Cabinet has released the “Focus on India” document.

    The world’s two strongest democracies,

    Two of the world’s leading economies, together, we can become a force for global good, and the Focus on India document provides a blueprint for this. In this, Germany’s holistic approach and commitment to pursuing the strategic partnership are clearly evident. Especially noteworthy is the trust that Germany has expressed in the skilled workforce of India.

    Germany has decided to increase the number of visas for skilled Indians from 20,000 to 90,000 per year.

    I am confident that this will further boost Germany’s economic growth.

    Friends,

    Our bilateral trade has surpassed 30 billion dollars.

    Today, while hundreds of German companies operate in India, Indian companies are also rapidly expanding in Germany.

    India is becoming a prime center of diversification and de-risking and is emerging as a hub of global trade and manufacturing. Given this scenario, now is the most opportune time for you to make in India, and make for the world.

    Friends,

    The Asia-Pacific Conference has played an essential role in strengthening relations between the EU and the Asia-Pacific region. But I don’t see this platform as limited to trade and investment alone.

    I see it as a partnership for the Indo-Pacific region and a better future for the world. The world needs stability and sustainability, trust and transparency. These values must be emphasized on every front, whether in society or supply chains. Without them, no country or region can envision a brighter future.

    The Indo-Pacific region is very important for the future of the world. Whether it is in terms of global growth, population, or skills, the contribution and potential of this region are immense.

    This conference, therefore, holds even greater significance.

    Friends,

    The people of India value a stable polity and a predictable policy ecosystem.

    This is why, after 60 years, a government has been elected for a third consecutive term. This trust in India has been strengthened over the last decade through reform, performance, and transformative governance.

    When the common citizen of India feels this way, where else would be better for businesses and investors like you?

    Friends,

    India stands on four strong pillars: Democracy, Demography, Demand, and Data. Talent, technology, innovation, and infrastructure are the tools for India’s growth. Today, an additional great force drives all of these: the strength of Aspirational India.

    That is, the combined power of AI — Artificial Intelligence and Aspirational India — is with us. Our youth are driving Aspirational India.

    In the last century, natural resources accelerated development. In this century, human resources and innovations will propel growth. This is why India is committed to democratizing skills and technology for its youth.

    Friends,

    India is working today for the needs of the future world.

    Whether it is Mission AI,

    Our Semiconductor Mission,

    the Quantum Mission,

    Mission Green Hydrogen,

    Missions related to space technology,

    or the Digital India Mission, all of them aim to provide the best and most reliable solutions for the world. These areas offer numerous investment and collaboration opportunities for all of you.

    Friends,

    India is committed to providing every innovation with a strong platform and the best infrastructure. Our digital public infrastructure is creating endless opportunities for new startups and Industry 4.0. India is also transforming its physical infrastructure with record investments in rail, roads, airports, and ports. There are extensive opportunities here for companies from Germany and the Indo-Pacific region.

    I am pleased that India and Germany are working together on renewable energy.

    Last month, the fourth Global Renewable Energy Investors Meet was organized in Gujarat in collaboration with Germany.

    An India-Germany platform has also been launched for investing in renewable energy at the global level. I hope you will take advantage of the green hydrogen ecosystem that India is developing.

    Friends,

    This is the right time to join India’s growth story.

    When India’s dynamism meets Germany’s precision,

    When Germany’s engineering meets India’s innovation,

    When Germany’s technology combines with India’s talent, a brighter future is envisioned for the Indo-Pacific region and the world.

    Friends,

    You belong to the business world.

    Your mantra is “When we meet, we mean business.”

    But coming to India is not only about business; if you miss India’s culture, cuisine, and shopping, you will miss a lot.

    I assure you: You will be happy, and your family back home will be even happier.

    Thank you very much, and may this conference and your stay in India be both fruitful and memorable.

    Thank you.

    DISCLAIMER -This is the approximate translation of Prime Minister’s remarks. Original remarks were delivered

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: India’s ability to scale up paired with Germany’s precision engineering to benefit the world: Shri Piyush Goyal

    Source: Government of India

    India’s ability to scale up paired with Germany’s precision engineering to benefit the world: Shri Piyush Goyal 

    India-Germany synergy in AI adoption, semiconductors and green technology to drive global growth: Shri Piyush Goyal

    India committed to combat climate change, on track to meet nationally determined contributions: Shri Goyal

    Asia’s demographic shift fertile ground for businesses seeking to expand, capitalise on emerging sectors: Shri Goyal

    Posted On: 25 OCT 2024 2:21PM by PIB Delhi

    Germany’s art of precision engineering coupled with India’s ability to scale up in the physical, digital or social infrastructure will help create something extraordinary for the world said Union Minister of Commerce & Industry, Shri Piyush Goyal. He was inaugurating the 18th Asia Pacific Conference of German Business (APK) today in New Delhi. The Union Minister speaking on the India-Germany collaboration said that from AI adoption to semiconductors, from fostering the nation’s vibrant startup ecosystem to collaborating on green technology, the synergies between India and Germany can drive unprecedented growth.

    Noting that today’s India is built on strong macroeconomic fundamentals, he added that reform, resilience and readiness is available for the future for businesses across the world. On combating climate change, Shri Goyal emphasised India’s commitment at the UN Climate Change Conference (COP21) in 2015, and said that India collectively with the Global South got together with the developed countries to be a part of the solution. He added that India, currently ranked 7th in Climate Change Performance Index (CCPI), is on track to exceed the nationally determined contributions (NDCs) and also the targets set before the world. 

    Extending gratitude to the Asia Pacific Committee of German Business and the Indo-German Chamber of Commerce for organising the event, Shri Goyal said that the Asia-Pacific region encompasses 60% of world’s population and by 2030, two-thirds of the global middle class will reside in Asia. This demographic shift presents a fertile ground for businesses seeking to

    expand their reach and capitalise on emerging sectors, he said.

    Shri Goyal stressed that the Conference will be key to identifying emerging trends and tackling global challenges. It facilitates the exchange of best practices, drives technological advancements and shapes policies for future industrial growth, he said. The Union Minister expressed hope that India and Germany can deepen strategic partnerships and translate this collaboration into real growth for the economies and the citizens of both the countries.

    Quoting German philosopher Arthur Schopenhauer’s expression “Reading the Upanishads is comforting in my life…”, the Minister in the spirit of that ancient wisdom urged all the participants to embrace the richness of India’s culture and diversity especially during this festive season from Diwali until Christmas and New Year.

    Shri Goyal ended his speech with a quote from Rabindranath Tagore, “Reach high, for stars lie hidden in you. Dream deep, for every dream precedes the goal” and urged the participants to create the future where the products made, the industries led and the innovations pioneered, touch every corner of the globe.

    ***

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    MIL OSI Asia Pacific News

  • MIL-OSI Europe: Written question – Strong attack on freedom of speech in Germany – P-002212/2024

    Source: European Parliament

    22.10.2024

    Priority question for written answer  P-002212/2024
    to the Commission
    Rule 144
    Alexander Jungbluth (ESN)

    In Germany, the non-governmental organisation REspect! recently became the first NGO to be recognised by the German Federal Network Agency (Bundesnetzagentur) as a ‘trusted flagger’. According to its president, this state-subsidised NGO is supposed to identify ‘illegal content, hate and fake news’ on social media, with reference to the Digital Services Act, and report it to the platforms responsible, for example X or Facebook[1]. These platforms are ‘obliged to respond immediately to reports from trusted flaggers’ so that the content in question can be removed ‘very quickly and without bureaucratic hurdles’.

    Constitutional lawyers have criticised this as manifestly unconstitutional[2].

    • 1.What is the Commission’s assessment of these plans to censor content that is not punishable by law?
    • 2.How does the Commission view the fact that, according to media reports, the director of REspect!, Ahmad Gaafar, has strong links to radical Islamists such as the Muslim Brotherhood or allies of Hamas[3]?
    • 3.When will the Commission present a draft revision of the Digital Services Act to prevent such attacks on freedom of expression based on this law?

    Supporters[4]

    Submitted: 22.10.2024

    • [1] https://www.nius.de/analyse/so-viel-staat-und-geheimdienst-stecken-in-der-neuen-zensur/e6a8bedc-dc70-4e64-be92-1f0d69f0889c.
    • [2] https://www.nius.de/articles/experten-warnen-vor-dsa-meldestelle-respect-eine-linke-vorfeldorganisation-die-staatlich-finanziert-wird-wird-dazu-genutzt-buerger-zu-kontrollieren/c1aea09a-a728-41d5-aba6-9db2e5c0c0c4#google_vignette.
    • [3] https://www.nius.de/news/trusted-flagger-oberzensor-ahmed-gaafar-loescht-profil-foto-mit-hamas-unterstuetzer/fc683778-98c4-4ee7-98b3-fcfe359d7df3.
    • [4] This question is supported by Members other than the author: Petra Steger (PfE), Markus Buchheit (ESN), Irmhild Boßdorf (ESN), Rada Laykova (ESN), Marc Jongen (ESN), Fernand Kartheiser (ECR), Milan Uhrík (ESN), René Aust (ESN), Tom Vandendriessche (PfE), Elisabeth Dieringer (PfE), Hans Neuhoff (ESN), Sebastian Tynkkynen (ECR), Alexander Sell (ESN), Sarah Knafo (ESN), Zsuzsanna Borvendég (ESN), Siegbert Frank Droese (ESN), Mary Khan (ESN), António Tânger Corrêa (PfE)
    Last updated: 25 October 2024

    MIL OSI Europe News

  • MIL-OSI United Kingdom: White Helmets International Donor Group statement on 10 year anniversary of humanitarian efforts in Syria

    Source: United Kingdom – Executive Government & Departments

    International Government Donors from the UK, Canada, Denmark, France, Germany, Qatar and the United States have released a joint statement marking the 10th anniversary of the White Helmets in Syria.

    Statement from the UK, Canada, Denmark, France, Germany, Qatar and the United States on the 10th anniversary of the White Helmets:

    Today, the Syrian White Helmets mark their 10th anniversary. For a decade, the humanitarian organization has worked tirelessly and courageously to save the lives of those worst affected by the conflict in Syria. As Syria continues to face unprecedented humanitarian and human rights challenges, international government donors commend the tremendous efforts and courage of the 3,000 dedicated volunteers who work for the White Helmets.  

    The White Helmets’ work has been crucial in providing relief, assistance and hope to vulnerable populations in Syria, since the organisation’s official foundation in 2014. 

    The needs of Syrians remain at an all-time high. Communities in the northwest of the country affected by ongoing military attacks, depleted public services due to deliberate military targeting, forced displacement and the long-term impact of the 2023 earthquakes are in desperate need of relief. White Helmets volunteers have been a constant in uncertain times, and remain the primary search and rescue operator, and the largest provider of critical services like emergency medical care, demining and community resilience.  

    As members of the White Helmets International Donor Group, we recognize the incredible courage and commitment of these ordinary men and women who are doing extraordinary work each day. 

    Over the past decade, the White Helmets have evolved from a number of small, grassroots volunteer groups into a renowned Syrian-led institution. Their growth has been marked by a steadfast commitment to meeting the needs of the people of Syria. Amidst extremely difficult circumstances, the White Helmets continue to bear witness and strive for justice and accountability, for all violations of International Humanitarian Law. 

    Partnerships have been an important factor in this evolution, and we are proud to have supported the White Helmets work. Our collaboration with the White Helmets is part of our commitment to support the Syrian people more broadly, and to contribute to the building of lasting peace and stability in Syria in line with United Nations Security Council Resolution 2254.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

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

    Updates to this page

    Published 25 October 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: How effective merger control drives economic growth and innovation

    Source: United Kingdom – Executive Government & Departments

    A speech by Joel Bamford, the CMA’s Executive Director for Mergers, delivered at the City & Financial Global M&A Summit 2024.

    Introduction

    I’ll begin by saying a bit about my career up until this point.

    I started out as a consultant, had a varied career in government both in the UK and overseas, went back to consultancy, and then I came back to the public sector in my current role – to oversee the UK’s merger control regime, and as a member of the CMA board. I’ve advised some of the largest companies on the globe through some of the biggest mergers and acquisitions (M&A) deals, with both positive and negative outcomes for those clients.

    I’d like to start with the CMA’s purpose. We help people, businesses and the UK economy by promoting competitive markets and tackling unfair behaviour.

    Supporting growth is absolutely central to this purpose: creating a competitive environment which drives forward the innovation, investment and productivity our economy needs to grow. We’ve made that even more explicit over the last few years, as you’ll see from our overarching strategy, as well as our recent annual plans and annual reports.

    Where does merger control fit into this?

    Merger control is one of our tools to deliver the CMA’s purpose, and this is what I will focus on in this speech.

    I am old enough to have worked for the last Labour government while in the Civil Service, and it was that government which gave the CMA (then the Office for Fair Trading and the Competition Commission) its current legislative basis for the UK merger control regime – the Enterprise Act in 2002.

    The intent behind the legislation was and is very much about the real-world impact of economic activity, and that for a vibrant growing economy you need markets to remain competitive.

    I’ll read out a quote from the policy document accompanying the 2002 legislation: “Vigorous competition between firms is the lifeblood of strong and effective markets. Competition helps consumers get a good deal. It encourages firms to innovate by reducing slack, putting downward pressure on costs and providing incentives for the efficient organisation of production. As such, competition is a central driver for productivity growth in the economy, and hence the UK’s international competitiveness”.

    I’ll unpack 2 key points from this. This is largely well-established stuff, but it is worth revisiting.

    The contribution of competition to economic growth

    Economic theory and history show that where competition is stronger, productivity and wage growth are likely to be higher. That link between competition and productivity has been empirically established again and again at country and sector level. The CMA’s own review of the relationship between competition and productivity also identified competitive pressure as a key driver behind firm-level efficiency and innovation.

    Effective competition protects consumers from higher prices and lower quality goods and services. It facilitates a level playing field – so that businesses large and small can thrive. Competition from other players in the market is a motivating force, incentivising others to be more productive, innovate, and grow.

    So, with innovation and productivity at the heart of economic growth, enabling a competitive environment (for sectors, industries, products and services) supports that growth effort.

    The impact of open and competitive markets on investment incentives

    Access to competitive markets – where companies can compete to win market share – is also appealing for investors. As Sarah Cardell, CMA CEO, said in a speech earlier this year in the US: “in promoting competitive markets, we advance the interests of fair-dealing companies serving UK markets, and advance the interests of investors seeking to make a fair return on their capital by doing business in the UK.”

    And even more recently our Chair, Marcus Bokkerink reflected on last week’s government investment summit and how the UK can drive growth that lasts. He set out that it relies upon 3 fundamental ingredients working together:

    • ensuring that people have choice, an alternative, when they buy/use a product/service

    • competition – that in any market all innovating businesses get a fair shot at competing

    • open markets – maintaining a level playing field for all investors

    Focusing on that last point about keeping markets open to investors: across the economy, whenever the CMA has stepped in to keep markets open by preventing attempts to lock out competing investors through anti-competitive mergers, cartels or abuses of dominance, we have seen new investment flow in – from healthcare and pharmaceuticals to construction and railway equipment. This is because investors deserve to have confidence that there’s a level playing field for the businesses they back to succeed on the merits.

    Amazingly for me, I’ve gotten this far through my speech without quoting numbers at you – after all, I am an economist and mathematician who used to provide several ministers, and businesses large and small, with evidence and numbers!

    In all seriousness, the CMA does very consciously consider, analyse, and report on the direct financial impact of our work for the UK, across all our tools including mergers. We know this value for money matters. We estimate that our decisions on mergers have put £685 million per year over the last 3 years back into consumers’ pockets. And this is just the direct effect of merger control – so not including the indirect impact on productivity, growth and innovation in the economy as a whole.

    And given my role on the CMA board, I do not have a myopic focus on mergers. Beyond mergers, across the whole of the CMA’s work, the CMA has delivered at least £20.3bn of direct financial benefits back to UK consumers over the last 10 years. Over the last 3 years, for every £1 the CMA spent on operation costs, the average benefit to consumers was £23.

    Let me take you through an example of where competition contributes to growth and positive outcomes for consumers and businesses: the CMA’s investigation into the Experian/Clearscore merger, which actually inspired the co-founder and current CEO of the business to join the CMA’s board.

    In 2019, the proposed merger of Experian and Clearscore was abandoned following the CMA’s phase 2 provisional findings, where we found that the merger could stifle product development and negatively impact consumers. Clearscore returned to plan A of their business model – to grow as an independent UK based business – and now Clearscore serves over 21 million users on 4 continents. They have continued to innovate for users, launching new products and integrating open banking data into their product, among other changes.

    If the proposed takeover had gone ahead, the combined entity would not have faced the same competitive incentives as both Experian and Clearscore do today. This may have meant customers never benefited from the range of innovative and high-quality products that were subsequently developed.

    And it isn’t just consumer-facing markets that matter. Ensuring that competition remains vigorous in the production of important inputs – which businesses then use in a variety of settings – is vital. This helps their business customers themselves increase productivity and grow.

    A notable example on the CMA side is the global remedy agreed in relation to a merger which involved chemical additives for concrete. In respect of this important construction input, innovation (while not as glamorous as tech markets), is fundamental to improvements in building techniques and the construction of large infrastructure projects.

    That is why the remedy the CMA agreed to not only included UK production and warehousing facilities, but also had research and development (R&D) capabilities at its heart. I worked on that one for the companies themselves, and saw first-hand the openness and flexibility of process from the CMA, as well as the rigour with which they approached the task of ensuring innovation was protected; leading to greater productivity and growth, for not just the companies themselves but also for their important infrastructure customers.

    Merger control in 2024

    Now, our key mergers legislation came into force in 2002 and the CMA was formed in 2014 – so where are we in 2024 and what has changed?

    I will focus on 2 areas:

    • how we assess the substance of a deal – an approach rooted in the real-world dynamics of a market
    • the process we use, and how we interact with companies – utilising predictability, openness and an organisation which learns and adapts

    Assessing the substance of a deal

    First, the assessment of the substance of a deal – and it is important to note this assessment follows the legal test as set out in the Act.

    The focus of the substantive assessment of any deal is whether it is more likely than not to lead to a substantial lessening of competition in a market in the UK. Let’s pick that apart a little:

    First, the CMA needs to be of the view that competition concerns arising from the deal are more likely than not to occur – that is a high bar, not something you decide without significant evidence (which I will turn to later).

    Second, any likely reduction in competition needs to be ‘substantial’, that means not small and trivial but real and impactful, another high bar.

    Third, the test is focused on competition, not competitors – a subtle difference, but one that means the legal test is designed not to result in picking individual winners but making sure the market stays open to competition wherever it comes from.

    And finally, the focus of the assessment is on the market in the UK. This is to ensure people in the UK benefit from the positive outcomes of competition; and investors have the confidence in UK markets remaining open. And, of course, in a world of global markets that means not just focusing on UK companies but all companies who operate in the UK. This is why Parliament entrusted the CMA ‘to promote competition, both within and outside the United Kingdom, for the benefit of consumers’ (Enterprise and Regulatory Reform Act 2013, s25(3)).

    In terms of how we consider evidence and come to conclusions, it is worth noting that the CMA conducts a forward-looking assessment – where evidence of past practice is clearly relevant, but so is evidence of what is likely to happen in the coming years.

    We focus on how markets work in practice and what form competition takes on a day-to-day basis. This can be direct sales or bidding competition but can also mean looking at how companies compete to innovate in a dynamic market and where potential future developments from one company drive the business strategy of other companies.

    When it comes to investigating cases – no matter what form competition takes – the CMA’s approach is to engage, listen, and gather a range of evidence, use tested and principled frameworks and approaches, and arrive at well-reasoned, well-evidenced conclusions. This is what gives the UK regime the certainty and transparency it has been recognised for around the world, which we know matters to businesses and investors alike.

    Evidence from the business themselves is absolutely key to our assessment. The number of company strategy documents I have read in my time reviewing mergers is mind-boggling. But if you truly want to know what drives a company to produce better products at cheaper prices, it is vital you look at what they are talking about internally and, of course, hear from the businesspeople themselves.

    Evidence from a range of others with knowledge of the dynamics of the market is also vital, such as customers, competitors, industry bodies. We gather this evidence proactively through face-to-face discussions (or via Teams nowadays!), information requests, and of course we welcome incoming information. In fact, we have several points in our process where we publish invitations to comment and the current thinking on our investigations. This information from others in the market is vital to ensure we get a rounded picture of how competition works and the impact a deal might have. Often we get highly informative responses from customers who have heard about the deal.

    Having brought in this wide range of perspectives and evidence, and engaged with multiple parties, we test it thoroughly. We look at the type of evidence, its relevance, and also consider the incentives of the people supplying the information. When advising clients, I was always very clear that the only way to land an argument before the CMA was to back it up with evidence they could rely upon. There’s often considerable pressure on the parties to make the strongest case possible but that’s ultimately counter-productive if the evidence doesn’t stack up, which we do sometimes see down the line.

    On the conclusions that we come to after assessing the substance of the deal – it is worth reflecting on the real-world outcomes – what does the CMA actually do in practice?

    I need to be very clear that just because the CMA finds concerns with a deal, that doesn’t mean it can’t go ahead in some form. The basic point is we are only finding a concern with that proposed deal structure, not with the concept of a general sale of the business. Beyond that, of course we are always open to discussing solutions which can remedy our concerns (more on the process later).

    Remedies in the past have looked at various different types of arrangements, for example spinning off part of a business or making sure access to vital inputs is open to all. This ensures vigorous competition continues and innovation continues to thrive. And in certain circumstances we are prepared to preserve benefits where they meet the relevant standard, for example in NHS Trust mergers where the benefits to patient care outweigh any harm caused by a loss of competition between the merging trusts.

    We know investor confidence and business confidence are critical to the growth we all want to see. We talk to these stakeholders all the time, listen to their concerns and reflections outside the heat of individual deals, where the consensus around the benefits of competition is strong. But we often find there are a few myths and misunderstandings out there about our interventions and processes. I’ll just share with you, by way of example, a few facts which can help to inspire confidence that the UK is very much a place where deals get done:

    • over 50,000 M&A deals have taken place each year since 2019 (PwC: Global M&A industry trends: 2024 mid-year outlook) – in any given year, the CMA reviews only the handful of transactions with the potential to be truly problematic from a competition law perspective

    • for example, in 2023 to 2024 the CMA considered 913 transactions, around 95% of which did not proceed to an investigation

    • we carried out 54 phase 1 reviews (cases called in via our Merger Intelligence Committee and also cases notified directly to us by merging parties) – one-third resulted in unconditional clearance, and almost half were resolved through remedies to address the substantial lessening of competition instead of being referred to a phase 2 investigation

    • that means we conducted in-depth phase 2 investigations in respect of just 9 cases where we considered the merger to have the potential to substantially reduce competition in the UK, including where we were unable to agree satisfactory remedies at phase 1 to address our concerns. All phase 2 inquiries are led by a group appointed from the CMA’s Panel of independent experts, which is responsible for making the final decision on the case. The majority of these (5) were cleared unconditionally, and a further 2 with remedies

    • one merger in 2023 to 24 was subject to a prohibition decision at the end of the phase 2 process. Worth repeating that for those at the back – that’s one prohibition, out of over 900 mergers reviewed

    • in total, 3 mergers were abandoned by the parties (2 at phase 2 and one at phase 1)

    Process and interaction with companies

    Turning now from substance to process. Again, something we know really matters to the companies in terms of efficiency, openness, and transparency. We think hard about this stuff, because we know it matters to confidence and thus to growth.

    Jurisdiction

    We need to first remember that the UK merger control regime (unlike many others) operates on a voluntary filing basis, in which companies can self-assess (often with the help of their legal advisors) whether the deal has potential competition issues and then opt not to alert the CMA if it doesn’t.

    The CMA’s jurisdiction then relates to deals with the target having certain turnover or share of supply of goods and services in the UK.

    The great benefit of the voluntary system is that it filters out the need to submit filings or the CMA to carry out a formal investigation in nearly all transactions. You can see this from the fact that the CMA only looked at roughly 50 transactions last year through the formal route as opposed to over 250 investigations opened in France (Autorité de la Concurrence: Rapport Annuel 2023, in French), and around 800 in Germany (Bundeskartellamt: Jahresbericht 2023/24) – as well as high numbers in many other countries.

    Early engagement

    Beyond the formal filings route the CMA also has an informal briefing paper route for companies to put their deal on the CMA’s radar and say why there is nothing to look at from a competition perspective. This route has been very popular post-Brexit with over a tripling of the number of briefing papers the CMA receives and the feedback we receive from businesses and advisors is that it is a simple way to get some certainty over a CMA review.

    In 2023 to 2024, 156 informal briefing papers were sent to our mergers monitoring function, of which 15 were called in for a more formal review.

    Further filtering

    The voluntary nature of the regime and the briefing paper process mean the CMA only looks at the very small proportion of deals that have the potential to raise competition concerns through a formal investigation.

    Then, there is a further filtering step whereby a deal only proceeds to an in-depth 6-month investigation if it raises initial competition concerns in a legally timetabled 40 working day phase 1 investigation. The CMA only begins its phase 1 investigation once it receives all the necessary information from the merging companies, this goes back to my earlier point about being evidence led in our decision making – and that’s the reason it’s the same process in nearly every country around the world.

    At the end of the phase 1 process there is an opportunity for companies to offer solutions to any competition concerns raised to avoid the more in-depth investigation and this is a route frequently taken when only part of a transaction causes a concern – for example in local markets or one product line.

    The CMA can also decide not to go to an investigation based on the market size being de minimis. We recently consulted and updated our process on this route making the qualifying market size larger and simplifying the way we carry out our analysis. We are already seeing deals come through our system on this basis and the evolution of our process appears to be working well and garnering positive feedback.

    Openness and transparency

    Finally, turning to the way the CMA engages with companies and the market more generally. We know clarity matters to the investment and business community, and the CMA process is one of the most transparent in the world. There are multiple opportunities for market participants to proactively engage with the CMA and the CMA publishes documents throughout the process to clearly set out its thinking on the deal. These are fully reasoned and evidenced explanations of the concerns the CMA is finding and why. And we go further than many authorities by publishing clearance decisions and extra commentary – feel free to follow me on LinkedIn for this.

    The CMA is also constantly listening to feedback on its process. Even if the outcome didn’t go the way the parties hoped, they should feel they got a fair hearing along the way. It is fair to say the CMA has been criticised in the past for not hearing as much as it could, and not being as open as it could on its developing thinking (notwithstanding the fulsome published documents).

    To this end, the CMA proposed a major overhaul of its in-depth phase 2 investigation process following a wide-ranging consultation, including with businesses, legal and economic advisors on UK and international merger cases, consumer and industry groups, and other competition authorities.

    I was on the outside of the CMA at this time and working with several companies going through a phase 2 process. The proposed (and now adopted) reforms were very well received by all and look to be a step change in the experience of the CMA process for businesses.

    The CMA trialled some of the updated processes on a case I worked on for the businesses, and they worked very well. Now we are doing our first full case under the new process and so far it has been smooth sailing from our side (with lots of hard work from the team), and we can see the real benefits of the earlier engagement with the businesspeople.

    These are new reforms, they need time to bed in and have the benefits be really felt but we think they represent a genuine step change based on really listening and responding to what stakeholders have asked of us.

    Conclusion

    In summary:

    • the CMA’s approach is independent, evidence-led, proportionate, expeditious, transparent and constructive – we listen to our stakeholders and always seek to improve our processes where we can

    • effective merger control, protects fair, open, and effective competition on behalf of people, businesses and the economy

    • as a driver of growth, merger control acts as an engine (not a handbrake) of innovation and productivity

    • as a safeguard for consumer interests, merger control impacts the prices people pay, the quality of goods and services they receive, and how they benefit from innovation – in pure financial terms, merger control saved people in the UK £685.2 million per year on average in the last 3 financial years

    • as a bulwark against shocks and disruption, merger control fosters a resilient economy less vulnerable to single points of failure

    • and last, but by no means least, as an attraction and reassurance for investors, the UK merger control regime provides certainty to businesses and their backers that they can enter and compete in UK markets on a level playing field

    Updates to this page

    Published 25 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Global: Debates about Columbus’ Spanish Jewish ancestry are not new − the claim was once a bid for social acceptance

    Source: The Conversation – USA – By Devin Naar, Associate Professor of History and Jewish Studies and Chair of the Sephardic Studies Program, University of Washington

    ‘Landing of Columbus,’ by John Vanderlyn. Architect of the Capitol via Wikimedia Commons

    In connection to Columbus Day and Indigenous Peoples Day, media from the BBC and Fox to Reuters and Haaretz reported on new DNA evidence about the holiday’s original namesake. According to research revealed in a recent Spanish documentary, Christopher Columbus was not Italian, as widely assumed, but Sephardic: of Spanish Jewish lineage.

    About 1 in 5 people in Spain and Portugal today may indeed be of “converso” origin: descendants of Jews or Muslims who converted to Catholicism, often under threat of death or expulsion. Regardless of whether Columbus was genealogically Jewish, though, there is scant evidence that he considered himself to be Jewish in any meaningful way. After all, he wrote approvingly of the Spanish king and queen’s decision to expel Jews from Spain in 1492.

    The claim that Columbus may have been of Spanish Jewish descent is by no means certain; the “new” research has not yet been published in any academic journals. What’s more, it’s far from new.

    The debate over the origins of the New World’s “discoverer” stretch back more than a century, to a time when Columbus was more routinely hailed as a hero – whereas today, he is remembered as the man who initiated European settler colonialism in the Americas and the genocide of Indigenous peoples. For decades, some Spanish and American Jewish activists claimed that Columbus was a Sephardic Jew.

    One of their own

    At the turn of the 20th century, new immigrant groups in the U.S. were seeking acceptance as part of dominant white American society. Spaniards, Jews, Italians and Greeks seized claims that Columbus was one of their own, hoping to combat prejudice that they faced. By linking themselves to the progenitor of white “civilization” in the Americas, they sought to secure their own position on the white side of the color line, with the privileges and protections that status bestowed.

    A poster for the Italian-American Exposition of 1892 in Genoa, Italy – often thought to be Columbus’ birthplace.
    Twice25 via Wikimedia Commons, CC BY-SA

    U.S. President Benjamin Harrison instituted Columbus Day in 1892, initially as a one-time holiday. The event was meant to celebrate Italian American contributions to society – partly as an apology, following the lynching of 11 Italian immigrants in New Orleans. Decades later, in 1934, President Franklin Delano Roosevelt rendered Columbus Day a federal holiday, even as the U.S. government continued to impose a quota on Italian immigration.

    Early claims about Columbus or members of his entourage being Sephardic Jews also emerged in 1892 – the 400th anniversary of the conquerer’s arrival. Oscar Straus, a Jewish American diplomat, commissioned Meyer Kayserling, a rabbi and scholar, to research Jews’ role in the age of conquest. While Kayserling’s book did not say Columbus himself was of Jewish origin, it claimed that many people connected to his voyages were, including an interpreter named Luis de Torres and funder Luis de Santagel. Straus hoped that highlighting Jewish contributions to American society would curtail rising antisemitism in the United States.

    Spanish strategy

    In contrast, Spanish claims about Columbus as a Sephardic Jew sought to elevate Spain’s own international image. After its 1898 defeat in the Spanish-American War, Spain lost its possessions in the Western Hemisphere and ceased to be a major European colonial power. A cohort of Spanish writers and artists, known loosely as the Generation of ’98, produced an outpouring of cultural creativity grappling with Spain’s new position.

    Some politicians and intellectuals drew on economic and cultural arguments to court descendants of Jews expelled from Spain in 1492, whom they viewed as having preserved the Spanish language, and thus providing a new source of influence in the Mediterranean region. Ultimately, the Spanish government issued a decree in 1924 that rendered these descendants eligible for citizenship – an offer it renewed from 2015-2021.

    Raquel Venitura and Moise Cohen were wed in Madrid in 1930, the first Hebrew marriage ceremony in Spain since the Inquisition.
    Bettmann via Getty Images

    Spanish intellectuals became the first to claim that Columbus was a Sephardic Jew, hoping to further elevate Spain’s status, in the wake of the losses of 1898, as the trailblazer of European civilization in the Americas. By World War I, scholar Celso Garcia de la Riega published a theory that not only some of Columbus’ crew had Spanish Jewish origins, but Columbus himself. Nobel Prize nominee Salvador de Madariaga endorsed the theory of Columbus’ Jewish origins in his 1940 book on Don Cristobal Colón.

    Crucial moment

    The rise of Nazism heightened discussion among American Jews about Columbus and brought Sephardic Jews themselves into the debate – hoping that a connection to the explorer would temper rising antisemitism.

    Sephardic Jews also hoped that if Columbus were recognized as one of their own, Ashkenazi Jews, the dominant Jewish group in the United States, would be more likely to treat them with respect. Sephardic Jews coming from the Ottoman Empire – one of the primary places their ancestors sought refuge after Spain – were often maligned as “uncivilized” and “uncultured” due to their associations with the Muslim world.

    As Spanish and Portuguese Jews were the first practicing Jews to come to the Americas, Sephardic Jews arriving from the Ottoman Empire at the turn of the 20th century hoped to hitch their story to the grandeur of the country’s first Jewish communities.

    In 1933, American Jewish writer Maurice David purported to offer Spanish archival evidence to demonstrate Columbus’ Spanish Jewish bona fides. While David was not Sephardic himself, the Sephardic Jewish community in New York advertised his book’s “sensational” claims in La Vara, a newspaper written in Ladino, the main Sephardic language, also called Judeo-Spanish.

    Sephardic men in Seattle, around 1918.
    University of Washington via Wikimedia Commons

    The most prominent Sephardic exponent of the theory was the former editor of La Amerika, the first Ladino newspaper published in the U.S. During the Second World War, Moise Gadol published a booklet in English called “Christopher Columbus was a Spanish-Jew.”

    Gadol sought to elevate the status of his own community of Jews from the Ottoman Empire. By demonstrating links to Columbus, he hoped that all Sephardic Jews – not only those early Spanish and Portuguese Jews who came to the Americas during the colonial period – would be associated with Europe rather than the “Orient,” and with being “white” rather than “brown.”

    Gadol also sought to exert pressure on the American public and government to loosen the quotas preventing Jews fleeing Nazi persecution from entering the United States. Two years before, in 1939, the government had rejected all 900 passengers aboard the SS St. Louis, who were forced to return to Europe – an infamous manifestation of the policy.

    Gadol’s dubious claims about Columbus, however, did not produce the desired results. Sephardic Jews continued to be marginalized within the broader American Jewish community. Meanwhile, immigration quotas based on nationality – in effect until 1965 – continued to prevent Jewish refugees from finding safe haven in the U.S.

    Then … and now

    A century ago, embracing Columbus – and the sweeping colonization he represents – was a way for marginalized immigrant groups to claim a sense of belonging as part of the dominant white caste in American society.

    Today, it provokes uncomfortable questions. especially claims about Columbus as a Jew. Fixating on his ancestry reinforces the racial blood logic of the Spanish Inquisition, according to which a person was considered Jewish or Muslim based on descent alone – to say nothing of the racial logic of Nazi Germany or the Jim Crow South.

    What’s more, the emphasis on Columbus’ personal genealogy distracts from the actual geopolitical forces at play, such as empire building and resource extraction, that propelled Europe’s conquest and mass violence.

    As discussions about antisemitism intensify in the U.S. and across the world, perhaps the idea that Columbus was “Jewish” – a conquistador who initiated the destruction of Indigenous peoples – only aggravates the problem.

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

    ref. Debates about Columbus’ Spanish Jewish ancestry are not new − the claim was once a bid for social acceptance – https://theconversation.com/debates-about-columbus-spanish-jewish-ancestry-are-not-new-the-claim-was-once-a-bid-for-social-acceptance-242003

    MIL OSI – Global Reports

  • MIL-OSI Security: NATO tests integration of joint high-end maritime strike capabilities

    Source: NATO

    On 24 October 2024, NATO kicked-off “Neptune Strike 2024.” This enhanced vigilance activity will take place across Europe, from the central Mediterranean and Adriatic up to the North and Baltic Seas and will run until 31 October 2024. During this period, NATO will take operational control of cutting-edge maritime warfare capabilities from numerous Allies, including multiple aircraft carriers and expeditionary strike groups that will be deployed across several operational domains.

    In total, some 20 surface vessels and submarines, along with special operations forces and numerous aircraft, are participating, with around 15.000 supporting personnel. Participating nations to this NATO deployment include Albania, Belgium, Canada, Finland, Germany, Greece, Italy, Lithuania, Netherlands, Norway, Portugal, Romania, Spain, Sweden, Türkiye, the United Kingdom, and the United States, a powerful demonstration of Allies’ ability to work together through NATO to deter and defend.

    Read more from Allied Joint Force Command Brunssum

    Read more from Naval Striking and Support Forces

    MIL Security OSI

  • MIL-OSI Economics: Meeting the moment: Microsoft’s 2024 Impact Summary

    Source: Microsoft

    Headline: Meeting the moment: Microsoft’s 2024 Impact Summary

    In the past year, we’ve witnessed remarkable examples of how AI can be applied to address some of the world’s most difficult problems—problems that until recently, we accepted as unsolvable either because the scale was too enormous (monitoring the health of the Amazon rainforest) or because getting powerful technology into the hands of everyday people was too expensive (diagnostic tools to detect disease in remote areas).

    But it turns out that when you enable teams of scientists and engineers to develop creative AI-driven solutions designed and implemented with the input of local communities, governments, private companies, and NGOs, the results are astonishingly effective and efficient.

    At Microsoft, we know that AI is going to be the driving, transformative force in the effort to bring education, healthcare, and opportunity to everyone, everywhere. But to realize our mission of empowering every person and every organization on the planet to achieve more in this AI era, we need to bring AI and the infrastructure that supports it to the areas of the world that were left behind in prior industrial revolutions.

    That’s why, in addition to making AI investments in the past year in places like Australia, the UK, Germany, France, and the United States, we also went to Indonesia, Malaysia, Thailand, Kenya, Mexico, and Brazil. We aren’t doing this alone; we are partnering with governments, private companies, and NGOs to build infrastructure that will result in carbon-negative, water positive data centers as well as skilling courses to create meaningful employment.

    None of this works without trust. Our business runs on trust, and it’s earned through an overriding commitment to security built into our products, openness to regulation, and transparency. This report details how we’re living up to our exacting standards in expanding opportunity, building trust, protecting fundamental rights, and advancing sustainability. There’s much more to do, but with AI and the collaborative power of billions of people worldwide, we will continue to tackle tough problems and solve them together.

    MIL OSI Economics

  • MIL-Evening Report: Why do kids cheat? Is it normal, or should I be worried?

    Source: The Conversation (Au and NZ) – By Penny Van Bergen, Head of School of Education and Professor of Educational Psychology, University of Wollongong

    Basilco Stock Studio/ Shutterstock

    Everyone knows a kid who cheats at Monopoly or backyard cricket. Perhaps they have even cheated on a test at school.

    If your notice your own child is doing this, you may worry they are headed for a life of crime.

    But in developmental terms, cheating is not usually a cause for concern for kids.

    What is cheating?

    Cheating occurs when a child behaves dishonestly to gain an unfair advantage. They might pretend to roll a six, peek at others’ cards, score a sports game incorrectly, or use video game modifications to skip levels.

    Despite parents’ and teachers’ best efforts, cheating is remarkably common. In one experiment, five-year-olds were asked not to peek inside a box while the experimenter left the room. Almost all peeked and most then denied having done so.

    A sign of development

    The capacity to deceive can signal the emergence of new skills, including an understanding of others peoples’ minds.

    To cheat effectively, we have to think about what someone else is thinking. We then need to trick them into believing a different reality. These cognitive skills only emerge in preschool, and it is not until the primary years that children can successfully maintain a false story over time.

    Research shows it is very common for children to cheat.
    spass/Shutterstock

    Cheating at school

    As children get older, they can get more cautious about cheating in general, but also start cheating at school.

    In a US study, more than three in four high school students reported cheating at school at least once over the past year.

    Common techniques included sharing their work with others, getting test answers ahead of time, plagiarising from the internet, and collaborating when they weren’t supposed to.

    Students were more likely to see cheating as acceptable when helping a peer, or when they could rationalise the behaviour in a pro-social way (for example, they ran out of time and needed to cheat because they were caring for a family member).

    Temptation matters

    Like adults, children are more likely to cheat when the temptation is greater. In one study, children aged seven to ten were more likely to cheat at a die-rolling game if they could win a bigger prize.

    Children and adolescents also report being more likely to cheat to avoid negative consequences. As far back as 1932, US school principal M.A. Steiner wrote how too much work encourages students to cheat. In a 2008 study, students themselves reported cheating at school because they were uninterested in the material or under pressure to perform.

    While temptation encourages cheating, the risk of being caught can encourage honesty. Children must weigh up the benefits of cheating against the risks of being caught.

    As they get older, children may also consider how cheating impacts their sense of self. For example, “being a good person is important to me – so I won’t cheat”.

    Do boys cheat more than girls?

    Some children are more likely to cheat than others. For example, in a 2019 study in which children’s rolls of six dice could win them prizes, boys cheated more than girls. Boys and girls also approached cheating differently: girls were more likely to cheat to avoid losses, while boys were equally motivated by losses and gains.

    Social skills also make a difference. A 2003 US study showed second grade children who have been rejected by their peers are more likely to cheat at board games – even when playing with new children they have never met before. It is possible such children are not as good at regulating their emotions and behaviours.

    Adolescents with lower self-restraint and greater tolerance for breaking rules are more likely to accept academic cheating, as are those who misbehave in class.

    On study suggested boys are more likely to cheat than girls.
    Jacob Lund/Shutterstock

    How can adults discourage cheating?

    Although cheating is common, it can pose increasing problems for children and teens as the stakes become higher. Research with Chinese students in the eighth grade showed those who cheated when scoring their own test were less likely to have learned the correct answer later on.

    Here are four things parents and teachers can do to help discourage cheating.

    1. Have open conversations: talk openly and compassionately about why cheating is not a good idea (for example, “it ruins the fun for your friends”). Research shows children and adolescents who made a promise to experimenters not to cheat at a game were less likely to do so. But children who fear getting in trouble are less likely to tell the truth.

    2. Don’t put too much pressure on results: when talking about school, use language related to learning rather than performance (“just try your best, that’s all you can do”). Studies show highly competitive academic environments make cheating more likely, because the benefits of success and risks of failure are heightened.

    3. Be positive about your child’s character: in one study, preschoolers were allocated to one of two groups. In the “good reputation” group, children were told “I know kids in your class and they told me you were a good kid”. In another group, children were not told anything. All children were then asked not to peek at a tempting toy while the experimenter left the room. Those in the good reputation group were less likely to cheat (60%) than those in other group (90%).

    4. Show kids how it’s done: if adults are being honest and open, children are more likely to do the same. In one study, children were told there was a big bowl of candy in the next room. When this turned out to be a lie, children themselves were more likely to cheat in a game and to lie about it.

    Penny Van Bergen receives funding from the Australian Research Council and the NSW Department of Education.

    ref. Why do kids cheat? Is it normal, or should I be worried? – https://theconversation.com/why-do-kids-cheat-is-it-normal-or-should-i-be-worried-242022

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Man Who Murdered Fellow Soldier on Military Base in Germany Sentenced to Prison

    Source: US State of California

    A former U.S. soldier was sentenced today to 30 years in prison for the murder of a pregnant, 19-year-old fellow soldier on a U.S. Army base in Germany over 22 years ago.

    On May 7, a jury in Pensacola, Florida, found Shannon L. Wilkerson, 44, guilty of second-degree murder in the death of Amanda Gonzales.

    According to court documents, Wilkerson beat and strangled Amanda Gonzales to death on Nov. 3, 2001, in her barracks room at Fliegerhorst Kaserne, then a U.S. Army base in Hanau, Germany. Evidence introduced at trial indicated that Wilkerson feared he was the father of Gonzales’ unborn child and that her pregnancy would interfere with his military career and his marriage to another soldier on the base. Wilkerson was a member of the U.S. Armed Forces at the time of the offense but was later discharged.

    “Shannon Wilkerson brutally murdered Amanda Gonzales, a fellow soldier who Wilkerson knew was pregnant at the time,” said Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division. “While nothing we can do will reunite Amanda with her family, we hope today’s sentencing brings some measure of closure and comfort to Amanda’s loved ones. I am proud of the dedicated and hardworking members of the Criminal Division and our law enforcement partners, who are committed to pursuing justice for victims of violent crime, no matter how challenging that pursuit may be.”

    “The murder of Amanda Gonzales and her unborn child was a horrific act of violence,” said U.S. Attorney Jason R. Coody for the Northern District of Florida. “This decades-long investigation and resulting prosecution demonstrate the unwavering resolve of our law enforcement partners and their commitment to obtain justice for the victims and their family. The defendant took the life of a 19-year-old woman serving her country far from home — knowing that he was killing her unborn child. The sentence acknowledges the brutal, selfish nature of his crime and imposes just punishment.”

    “Justice for victims is not just a promise, it’s a commitment, no matter how long it takes,” said Assistant Director Chad Yarbrough of the FBI Criminal Investigative Division. “This sentencing comes just as Amanda Gonzales’ family will mark 23 years since she and her unborn child were brutally murdered by Shannon Wilkerson on Nov. 3, 2001. While no amount of prison time will bring the young Army solider back, we hope this will close another chapter in the Gonzales family’s grieving process.”

    The FBI New York and Jacksonville Field Offices investigated this case, with assistance from the Army Criminal Investigative Division, which originally investigated the case.

    Trial Attorney Patrick Jasperse of the Criminal Division’s Human Rights and Special Prosecutions Section and Assistant U.S. Attorney David L. Goldberg for the Northern District of Florida prosecuted the case.

    MIL OSI USA News

  • MIL-OSI Security: Man Who Murdered Fellow Soldier on Military Base in Germany Sentenced to Prison

    Source: United States Attorneys General

    A former U.S. soldier was sentenced today to 30 years in prison for the murder of a pregnant, 19-year-old fellow soldier on a U.S. Army base in Germany over 22 years ago.

    On May 7, a jury in Pensacola, Florida, found Shannon L. Wilkerson, 44, guilty of second-degree murder in the death of Amanda Gonzales.

    According to court documents, Wilkerson beat and strangled Amanda Gonzales to death on Nov. 3, 2001, in her barracks room at Fliegerhorst Kaserne, then a U.S. Army base in Hanau, Germany. Evidence introduced at trial indicated that Wilkerson feared he was the father of Gonzales’ unborn child and that her pregnancy would interfere with his military career and his marriage to another soldier on the base. Wilkerson was a member of the U.S. Armed Forces at the time of the offense but was later discharged.

    “Shannon Wilkerson brutally murdered Amanda Gonzales, a fellow soldier who Wilkerson knew was pregnant at the time,” said Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division. “While nothing we can do will reunite Amanda with her family, we hope today’s sentencing brings some measure of closure and comfort to Amanda’s loved ones. I am proud of the dedicated and hardworking members of the Criminal Division and our law enforcement partners, who are committed to pursuing justice for victims of violent crime, no matter how challenging that pursuit may be.”

    “The murder of Amanda Gonzales and her unborn child was a horrific act of violence,” said U.S. Attorney Jason R. Coody for the Northern District of Florida. “This decades-long investigation and resulting prosecution demonstrate the unwavering resolve of our law enforcement partners and their commitment to obtain justice for the victims and their family. The defendant took the life of a 19-year-old woman serving her country far from home — knowing that he was killing her unborn child. The sentence acknowledges the brutal, selfish nature of his crime and imposes just punishment.”

    “Justice for victims is not just a promise, it’s a commitment, no matter how long it takes,” said Assistant Director Chad Yarbrough of the FBI Criminal Investigative Division. “This sentencing comes just as Amanda Gonzales’ family will mark 23 years since she and her unborn child were brutally murdered by Shannon Wilkerson on Nov. 3, 2001. While no amount of prison time will bring the young Army solider back, we hope this will close another chapter in the Gonzales family’s grieving process.”

    The FBI New York and Jacksonville Field Offices investigated this case, with assistance from the Army Criminal Investigative Division, which originally investigated the case.

    Trial Attorney Patrick Jasperse of the Criminal Division’s Human Rights and Special Prosecutions Section and Assistant U.S. Attorney David L. Goldberg for the Northern District of Florida prosecuted the case.

    MIL Security OSI

  • MIL-OSI Banking: Transcript of European Economic Outlook October 2024 Press Briefing

    Source: International Monetary Fund

    October 24, 2024

    Speakers:
    Alfred Kammer, Director, European Department, IMF
    Helge Berger, Deputy Director, European Department, IMF
    Oya Celasun, Deputy Director, European Department, IMF
    Moderator:
    Camila Perez, Senior Communications Officer, IMF

    MS. PEREZ: Hi everyone, thanks so much for joining today’s press conference on the release of the European Economic Outlook. My name is Camila Perez. I’m a Communications Officer here at the IMF. And we’re here with Alfred Kammer, Director of the European Department. We’re also here with two of his Deputies, Oya Celasun and Helge Berger. We’re going to get started with some opening remarks from Mr. Kammer, and then we’re going to go to the floor and online to take your questions. Alfred?

    MR: KAMMER: Welcome to this press conference on the Economic Outlook for Europe.

    Headline inflation has come within reach in targets in advanced European economies, but progress remains uneven in Central, Eastern and Southeastern European countries. CESEE as we call it. A moderate recovery is underway. This reflects that financial conditions are still tight, as the easing cycle will take time to take effect. Importantly, the rebound also reflects a high level of uncertainty that keeps consumers and investors cautious.

    Our main message today is that Europe’s recovery is falling short of its full potential. And more importantly, the medium-term outlook is no better. Europe has fallen behind, and I will come to this theme back later, but let’s briefly look at our near-term outlook first.

    Our baseline foresees a modest increase in growth for 2024 and 2025. On inflation, we expect the ECB to sustainably reach its target by mid-‘25. For most CESEE countries, it will take a year longer until 2026. So for this to materialize, Europe needs a safe pair of hands. Central banks should pursue a smooth loosening path in advanced economies, and they need to be more careful and ease more cautiously in several CESEE countries, as real wages may outpace productivity growth there. We also recommend tightening the fiscal stance across most of Europe. We are expecting a recovery, but deficits are too large to stabilize public debt.

    The good news is that the EU has agreed on a fiscal rules framework addressing sustainability concerns while allowing for investment in green transitions and infrastructure. And now we need to follow through. But the urgency for policy action is even more acute when it comes to the medium-term, and that’s really what our report is focusing on. Europe has an underwhelming potential growth rate, and when we are looking at the medium-term, that is not changing.

    Compared to the U.S., income per capita is a stunning 30 percent lower and the gap has remained unchanged for two decades. And I should say at the turn of the century that gap did not exist. Low productivity in CESEE and a low capital stock, are the main reasons.

    Our report identifies three factors holding Europe back. First, Europe markets are too fragmented to provide the needed scale for firms to grow. Second, Europe has no shortage of savings, but its capital markets fail to provide to boost young and productive firms. In addition, Europe is missing skilled labor where it is needed. A deeper, more integrated Single Market can resolve most of these issues. This means removing the barriers that still prevent goods, services, capital, and labor to flow freely between countries.

    We estimate existing barriers in Europe’s Single Market to be equivalent to an ad-valorem tariff of 44 percent for manufacturing, between U.S. states it is 15 percent, and that tariff equivalent is 110 percent for services between EU countries. These are staggering numbers that illustrate how much income Europe leaves on the table.

    While private investment is key, there is also a need for public investment. For example, on infrastructure, connectivity, nd in addition, deepening and broadening, the Single Market could support a faster growing and more resilient Europe.

    New Member states joining the EU in 2004 saw that GDP per capita increase by more than 30 percent in the 15 years after EU accession, helped by strong reforms and market access. And the larger Single Market also helped old member countries. So Europe can close the gap with the global frontier if it builds on its most important asset. And I have been emphasizing that in the past and I continue to emphasize that. And that is the EU’s Single Market.

    So, what are some of the immediate steps which we are outlining? Open energy, telecommunications, and financial services sectors. This will bring more private sector investment, dynamism, and innovation. Advance the capital markets union. This will funnel savings to the most productive firms and startups, make a real effort to ease administrative barriers to firms entering markets, especially in the service sector, and improve infrastructure, institutions and governance in CESEE countries.

    So, in conclusion, Europe has the means to lift growth to its full potential. This is completely under Europe’s control, and it needs to be done. Thank you.

    MS. PEREZ: Thanks so much, Alfred. We’re going to get started with some questions in the room. I see there are some colleagues online. We will get to you. But we’re going to take the first question. The gentleman in the second row. Thank you.

    Question: Thank you so much. In the recent World Economic Outlook, the IMF predicted a slightly better growth for Europe in this year and worse dynamics in 2025, especially for emerging and developing economies. You already described some factors which are driving this process.

    But I have a question regarding the particular issue. This is Russia’s war in Ukraine. How does this factor affect the dynamics in Europe now? And secondly, the IMF significantly marked down the projection for Ukraine, at the same time saying Ukraine’s economy remains resilient despite the war. Could you elaborate, please, on the exact reasons for these negative expectations? What could be done more to improve the situation in Ukraine? Thank you.

    MR: KAMMER: So let me start first with the general impact of Russia’s war in Ukraine on the European outlook. When you’re seeing the growth trajectory, it hasn’t changed very much over the last year. And the main reason why Europe is doing poorly is really the large Russian induced energy price shock Europe is going through. So we are seeing this year, coming out of this crisis, moderate recovery. It’s driven mostly by consumption, as real wages are strengthening. And we are expecting then next year that we will have a handoff to investment demand when policy rates, interest rates, are going to come down.

    So very much when you’re looking at some of the more detailed pictures, Germany very much affected because of the energy price shock, still because of its energy intensive manufacturing. That’s a direct impact of the Russian war. If you’re looking at the tightening cycle of the ECB, that had to be harsher simply because inflation was higher. That’s a result of Russia’s war in Ukraine.

    So that is the general trajectory we are on. But we also have revised down growth for 2025. And what we’re seeing is a bit of moderation in the recovery we have been projecting. And again, it’s a result of the uncertainty created as part of the environment and Russia’s war in Ukraine. That’s an uncertainty for consumers, which are wondering what is going to happen with energy prices and with the future. That is an uncertainty on the investor side, on wondering what is happening in the medium-term. And these headwinds are going to stay with Europe for the time being. So that is the direct impact we are seeing that Russia’s war on Ukraine has still implications for Europe’s economic developments.

    On your second point, with regard to the growth in Ukraine. Growth numbers this year have been brutally affected by the bombing of the energy infrastructure in Ukraine, and that dampens growth and also the outlook. And in addition, of course, like for all of Europe, this creates uncertainty in Ukraine, and it has a dampening effect on aggregate demand. And when you’re looking at our projections for 2025, we also have downgraded those for Ukraine. And that is a reflection that Russia’s war in Ukraine is going to continue. We had assumed that it would stop earlier. It doesn’t. And those are, again, additional costs for the Ukrainian economy.

    On Ukraine. The economic team has been doing and is still doing a marvelous job in terms of, one, maintaining macrostability. Two, supporting the economy to get growth going and supporting enterprises to operate this environment, protect vulnerable people suffering from the war. And three, preparing the fundamentals for hopefully a reconstruction that will come soon and the medium-term path to EU accession.

    MS. PEREZ: Thanks so much, Alfred. We’re going to go with the lady on the third road, please.

    Question: Thank you. My question is related with — Spain has one of the best growth prospects in Europe. What recommendations do you have to ensure that this good momentum continues when the European funds end? And I would also like to know if you have any advice for the housing problem that the country is facing, which has provoked numerous protests by citizens who cannot buy a house due to speculation and high prices. Thank you.

    MR: KAMMER: Spain had indeed a very strong growth performance. That was a result of what we saw on the tourism front, very much still, to some extent, a Pandemic implication. Spain, finally, we saw also, because of lower interest rates and more confidence, a pickup in investment that has been supporting growth. And when we are looking at the supply side, we see the large employment increases have been supported also by immigration. So those were growth drivers we saw in Spain. They will moderate a bit in 2025, but they still will carry on. And of course, implementation of the Next Generation EU will not only have short-term positive impacts but also impacts on the medium-term growth projections for Spain.

    I think when it comes to our policy recommendation for Spain, when you’re looking at the growth performance right now, it was labor intensive, so it was driven by an increase in employment. In future, what we need to see is a growth performance, which is driven by an increase in productivity. And when I mentioned the word productivity and you asked me a question on any country in Europe, that’s the key word. Productivity is an issue in every single member country in Europe. And that needs to be the focus of strong policy reforms. Those are reforms domestically and the structural reforms we have been talking about in our Article IVs.

    But importantly, these are reforms which need to be carried out EU-wide in order to get the productivity increases we need from the Single Market, from companies and firms to be able to grow to scale, go to the global technology frontier and produce and to see a very dynamic business sector. That’s an issue for Spain, but this is an issue for all other countries, and Europe can help there. This is not a national action per se, but this is an action at the European level. But it requires will at the national level to go for European reforms.

    MS. PEREZ: Thank you so much. We’re going to go to the middle of the room. The lady in the third row, please.

    QUESTION: Hello, two questions, if I may, on different topics. You mentioned the importance of integrating Europe’s capital markets. In this context, how important is it for Europe to have bigger banks? Would you welcome the potential merger of UniCredit and Commerzbank? And if capital markets are very important, should the German government drop its objection to this potential bank tie-up? Have you also communicated a message to the German government? And on a completely different topic, you’ve warned about the need for advanced economies to carry out fiscal consolidation and to reduce their borrowing after many years of emergency spending. The UK Chancellor, Rachel Reeves, today has said that she will change her measure of her debt target to one which promotes investment. Would you welcome this kind of step, given your worries about the fiscal overhangs from the Pandemic?

    MR: KAMMER: Thank you. Yeah, maybe I’ll start with your first question on the capital markets union and the banking union. Critically important for Europe. When we see drilling down why we have that productivity gap. One is companies cannot grow to scale. The second problem is lack of business dynamism. And lack of business dynamism stands for we have startups in Europe as we have in the U.S., but they are not getting the same kind of chance in terms of funding. Because as a startup you need equity financing, especially when you’re in the tech sector and you produce intangibles, you cannot provide that as collateral to banks. You need venture capital. And when you’re looking at venture capital, Europe versus the U.S., it’s four times as high in the U.S. than it’s in Europe. So startups in Europe start with a big handicap. And therefore, banking union and the capital markets union are essentially for those startups to grow and be productive, create employment, and push up GDP per capita.

    And yes, as part of the operating to scale for European economies, that they’re not just national players in 27 national countries, but Pan-European players as the U.S. companies are. You need also larger Pan-European banks. And that means we see that one way of doing this is through merger and consolidations. So this is part of helping creating scale in the banking system. And therefore, these mergers and these mergers are welcome. And yes, that has been our recommendation that these mergers should take place now.n individual merger transactions we are not commenting, but our advice is very clear: that the general direction is clear – mergers are needed.

    MS. PEREZ: Thanks.

    MR: KAMMER: On the UK?

    MR. BERGER: Sure, thanks. I would have been disappointed if there had been no question on the UK. Always popular.

    Let’s start with some good news. You have seen that our growth numbers for this year went up 1.1 percent instead of 0.7. Next year at 1.5. So that’s the trajectory, upward looking, against which we discuss fiscal policy.

    So if you allow me to step back before coming to the fiscal framework on the debt question, we recognize that the government very helpfully is committed to reduce the debt level in percent of GDP over the next five years, or at least to stabilize it. So that’s very welcome. It’s in line with longstanding recommendations from our UK team. Now, this is going to require a notable fiscal effort. As you know, the deficit levels are high. There are spending pressures waiting to be tackled in the healthcare system and social care. We also have very high public investment needs. There’s transport. There’s housing. There’s climate. So all of this needs to be put within one umbrella going forward.

    The team has always maintained that this can be done in different ways, including prioritizing spending or increasing fiscal revenues. It’s deliberate, or in the middle, and not an end. You know, your governments will have to see what is best suited to the situation at hand. We’re looking forward to the autumn budget, which will give us clarity on how all of this will hang together.

    Now, in this context, of course, it’s very important to operate within a fiscal framework that’s well understood. We have told many countries, not just the UK, in the past that we like well-organized and explained fiscal frameworks. They help to anchor the policy of the budget over the medium-term. Can help ensure that public debt indeed goes in a direction we wanted to go. Now, in order to facilitate growth, which is part of any such endeavor of reducing public debt, public investment is important. So you need to find a way to protect this as you define your fiscal framework. Now, in this context, we’ll have to see how this new proposal is, you know, really laid out in detail. Again, we will learn more when we have the budget, and it’s good to look all of this together in one go.

    MS. PEREZ: Thanks so much. We’re going to go online. I see Anton has raised his hand. Go ahead, Anton, please.

    QUESTION: Thank you for doing this. As the IMF recently raised its 2024 growth forecast for Russia from 3.2% to 3.6%, what factors contributed to this upward revision despite the ongoing geopolitical tensions and economic sanctions? How are the existing and potential future sanctions on Russia affecting its long-term economic stability? Are there areas of the Russian economy showing resilience despite these sanctions? Thank you very much.

    MS. PEREZ: I believe we have other questions on Russia. online. Please go ahead.

    QUESTION: Good day, everyone. I have a question about the 2025 outlook for Russian’s economy. Since compared to the April outlook, the outlook was downgraded from 1.8 to 1.3 of GDP. And I want to ask, can you elaborate what impacted this forecast and including the fact that Russian Central Bank is close to increasing the key rate to 20-21 percent from 19 percent. How critical the risks for the Russian economy are now? And can you elaborate on its future from this perspective?

    MS. PEREZ: Thank you. I think in the room, gentlemen in the first row, please.

    QUESTION: Hello. Good afternoon. I wanted to follow up on a monetary policy question. So to what extent does this tightening monetary policy by Russian Central Bank will impact Russian economy and will it be effective for fighting inflation from your point of view? And the second question from my side, why did the IMF adjust the projections for Russian debt level for 2024 and 2025 downwards in comparison with April’s economic outlook? Thank you.

    MS. PEREZ: Thanks so much.

    MR. KAMMER: Okay, so quite a number of questions. To the 2024 upgrade that was mostly mechanical, reflecting data outturns for the first half, and they have been reflected in our forecast. What we are seeing right now in the Russian economy, that it is pushing against capacity constraint. So we have a positive output gap, or you could put it differently – the Russian economy is overheating. What we are expecting for next year is simply also the impact that going over your supply capacity, you cannot maintain for very long. So we see an impact on moving into more normal territory there. And of course, that is supported by a tight monetary policy by the Central Bank of Russia. A tight monetary policy, in order to bring down inflation, slows down aggregate demand, and in 2025 will have these effects on GDP. That’s why we are seeing the slowdown in 2025.

    Now, with regard to the longer-term outlook for Russia, as we have been saying before, the medium term looks dim, potential growth has been reduced. That is a result of less technology transfers, less ability to finance. That will impact the productive capacity of the Russian economy in the medium-term, and that will stop the convergence towards Western European per capita GDP levels, which Russia was on more than ten years ago. And this is an effect of the sanctioned regime, which is in place. With regard to the debt levels. I think that is a simple reflection of that the nominal GDP has been revised up, and therefore, debt to GDP ratios are coming down.

    MS. PEREZ: Thanks so much. We’re going to go with the gentleman in the fourth row, gray shirt, please. Thank you.

    QUESTION: Thank you. Once again, we are talking about tariffs. And in your report you highlight the risks of EU tariffs on Chinese EV cars. But is it so much more important for Europe to keep its trade free than to protect strategic sector of its industry? Thank you very much.

    MS. CELASUN: Thank you very much. On that question. You’re right. Europe is very open to trade, has benefited greatly over the decades from trading with other nations. So as it responds to growing tensions around the world and fragmentation, it has to keep in mind the fact that it is benefiting. So we would indeed urge all countries, including Europe, to look for cooperative solutions, which are always the first best. When approaching, for example, the issue of subsidies in other countries for countries to come together, come out clean on what they are subsidizing and how much, and then find cooperative ways of reducing them.

    Tariffs rarely help to solve the problem. They essentially make countries imposing tariffs less competitive, they raise costs, and they trigger retaliation, which would be something to take very seriously for any country that benefits greatly from trade.

    MS. PEREZ: Thanks so much. We’re going to stay in this side of the room. The gentleman on the third row, white shirt, please.

    QUESTION: Thank you. Hello. I had a question on the German economy outlook, which is still, which growth prospects are still very low. I was wondering if the IMF is fearing an effect of this low growth on a shift to political. I mean, on the political side, which would be a rise up the far right, for example, ahead of the next election, federal election next year. Thank you.

    MS. CELASUN: Thank you. As you know, we don’t comment on elections. What we do is to engage with governments, to give them policy advice to strengthen growth and to make growth resilient over time. And on that, our advice hasn’t changed for quite some time. Germany is facing a sharp downturn in its working age population. Quite a sharp decline coming in the next five years. Productivity trends have been very weak. The remedies are to boost labor supply, help women have full time jobs with better childcare, elder care, reducing the marginal tax rates of second earners, and take a host of productivity enhancing reforms. Public investment should be higher in Germany. It’s among the countries with the lowest public investment rates among advanced economies. The other areas we have highlighted are the high level of red tape. Administrative burdens need to be reduced, which would help productivity as well. And Germany should be a champion of the single market, including for the capital markets union, to help its promising companies have better prospects for reaching scale and growing. Thank you.

    MS. PEREZ: We’re going to take the lady in the middle of the room in the fourth row with the light jacket, please.

    QUESTION: Thank you. My question is about the Turkish economy. Türkiye has significantly tightened its policy stance over the past year. How do you see the country’s current state of economy? And also what is the IMF’s approach to the potential timing of easing these policies?

    MR. KAMMER: We, as you know, have been very favorably impressed by the policy pivot since last year in Türkiye. And what we see are two main results. One is the vulnerability to a crisis. Risk has been greatly reduced over this time. And second, inflation is now on a downward trajectory. And those are two huge achievements in this policy pivot that took place. When it comes to our policy advice, what is important now is the fight against inflation has not been won yet. That means that a tight monetary policy will need to be maintained, and it would be premature to reduce the restrictiveness on the monetary policy side. What we also continue to advise is a focus on incomes policies.

    One of the problems in Türkiye and nexus to inflation was minimum wage increases which were based on backward looking inflation developments. We need to have these minimum wage agreements which are now, once a year, done in a forward-looking way in order to avoid the second round effect of these measures.

    And finally, we could use more fiscal adjustment. Fiscal adjustment would help on the inflationary side and of course it always enhances the credibility of the adjustment effort. But overall, I should say to the economic team working in Türkiye, a job well done, that a job needs to continue, and these policies need to be sustained. This is a painful period to go through for the population of Türkiye and is a tough period for our policymakers, but it’s necessary toward crisis risk and bring inflation down.

    MS. PEREZ: We’re running out of time. We’re going to try to get in a few more questions. Let’s go with the lady in the first row. Yellow jacket, please.

    QUESTION: I was wondering, since the IMF is once again flagging Italy for its high debt, if it’s a fair conclusion that you do not agree with Fitch, who is saying that Italy’s fiscal credibility has recently increased, does the promotion of its outlook? And therefore, what is your suggestion for the debt reduction?

    MS. PEREZ: Let’s see if there are any other questions on Italy. The gentleman on the third row. On this side. Over here. Yeah, third row here. Thank you.

    QUESTION: Thank you. The outlook quotes the recent proposal by Mario Draghi to reform the EU. What are the most urgent reforms that you encourage Europe to undertake, based on that report?

    MR. BERGER: So, on Italy, that’s indeed good news. If you look at the debt ratio and percent of GDP, it has come down notably since its peak in 2020. So, and I, everybody, including financial markets, will do well to recognize this, but it’s also true that the same debt ratio is still very high. And we think it’s going to end up this year around 130 — sorry, end of last year it was 134 percent. And you know, if you follow our baseline for the forecast going forward, we see it increasing slightly over the next five years or so. There’s still a fiscal task ahead for the government and we understand the government is ready to approach this. We think deficits are still higher than they should be.

    We welcome, therefore, the expected adjustment that the European Commission and the Italian government have agreed on over time. I think the key for countries like Italy and others that have relatively high debt levels still is to be a bit more ambitious than just gradually reducing deficits. So we would encourage the government to look for ways of achieving this in a growth friendly way and at the same time. And that will help both credit rating agencies and the country itself. There are a lot of structural reforms the country can conduct that would help us sort of raise growth overall, which makes the fiscal situation also more promising.

    MS. PEREZ: Thank you. We’re going to —

    MR. KAMMER: Sorry, on the Draghi report quickly. Pretty much the same focus that we have in our REO on productivity and innovation. And the solution to that problem on enhancing productivity is the single market. So we need to get rid of the barriers in the single market. That’s Draghi, that’s us. That’s uniformly accepted policy recommendation. That’s where we need to make progress. Second point to make is Draghi identified an investment gap of 4.5 percent of GDP in order to move Europe up. That is mostly private investment. That private investment needs to come because of good investment opportunities, because capital is allocated efficiently. That needs capital market and banking union. So all of these reforms to be undertaken are enabler for the private sector then to make these investments in order to fill that investment gap. Mostly private sector, some part public investment.

    MS. PEREZ: Thanks so much. We’re going to go with the lady on the second room in. Sorry, second row here in the middle of the room.

    QUESTION: Hi, another one for the UK because of course we are your greatest fans. Just a clarification on the debt rule. On principle, is it right that the UK should be borrowing to invest given the debt trajectory that you yourselves outline in the fiscal monitor? And if I may, your colleague Era Dabla-Norris was sitting where you are, Alfred, yesterday and she said when it comes to tax rises, it’s important to build trust among populations that taxes collected are well spent. Our finance minister has indicated she does want to raise taxes in her budget next week and concentrate those tax rises on wealthy people and businesses. Is that fair? And can any economy tax its way to prosperity?

    MS. PEREZ: Shall we see if there are any other questions on the UK? The gentleman.

    QUESTION: Thank you. Just again, following up on UK sort of debt rules, do you have any particular view about what an appropriate measure is to target for a debt rule? Whether something like public sector net financial liabilities is a good measure, or whether sort of government should be focusing more on, say, general government debt, which is to know what the IMF mostly forecasts.

    MR. BERGER: Thank you for this quick lightning round at the very end. I think it’s good public finance principles to accept the fact that it can at times be helpful for governments to borrow when it comes to financing investment. hat is a general principle that applies to many countries. The question is, what kind of public investment is being done? The question is, what do we expect, reasonably, credibly, this investment to do for growth going forward? And then, of course, any forward looking government will take into account these longer term effects of such investment. So this is something we would expect any fiscal framework for any country to consider as it is designed and implemented and or adjusted.

    Taxation is highly relevant on the same high level of fiscal principles to finance ongoing spending in any country. If the government is supplying service to its citizens, you know, there are many governments do supply, then this needs to be financed and then, you know, taxes are part of fiscal revenues that will facilitate this. And that is what in the end supports and increases welfare of a country’s citizens. As to the treatment of assets, you know, these differ across countries. They come in different form, from railways to intangibles. And this is something that needs to be looked at very carefully in any of these circumstances, specifically in general, since assets come with revenue streams that can be uncertain. A certain degree of conservatism when looking at this is helpful. How all of these general principles apply to the UK, or any other country, is a matter of detail. In the case of the UK, let’s all stay tuned. Wait for the budget, wait for the details of the new fiscal rule, and we analyze this and we’ll take it from there.

    MS. PEREZ: I’m afraid we’re going to have to wrap up, but please, your questions, send them to me and my colleagues in the media team, we’ll make sure we will get back to you. Just a reminder that the report has been released and it is available on IMF.org. Thanks very much everybody for joining. Apologies we couldn’t get to all of your questions. Please do reach out to us and thanks for colleagues joining online.

    MR. KAMMER: Thank you.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    MIL OSI Global Banks

  • MIL-OSI China: Fuchun River sparks impromptu poetry on shared human emotions

    Source: China State Council Information Office 3

    For centuries, Chinese poets have captured the stunning beauty of the Fuchun River in Hangzhou, Zhejiang province, in simple yet poetic words. This July, poets from the BRICS countries stepped into the same river, drifting along the same route, and engaged in an impromptu poetry session inspired by the Fuchun River.

    The poems, they created on the river during their six-day trip to China, and on a series of cultural activities they took part in have been recorded in the book Messengers from the Vernal Wood, which was released on Oct 18 at the Frankfurt Book Fair, Germany.

    The book compiled by the Poetry Periodical also features poems written by 72 poets who took part in the First International Youth Poetry Festival: Special Session for BRICS Countries in July. It includes works from 49 poets from nine countries — Brazil, Russia, India, South Africa, Saudi Arabia, Egypt, the United Arab Emirates, Iran and Ethiopia, with each poem featured in both the poet’s native language and Chinese. It also includes poems from 23 Chinese poets, with each poem in Chinese and its English translation.

    Li Shaojun, editor of the book, said that poetry is a universal language of humanity, expressing shared human emotions. “The BRICS countries all have rich history, and through the universal language of poetry, we can greatly enhance communication and exchange, connecting more poets from the BRICS nations,” said Li.

    Speaking about his journey to the poetry festival held in China in July, Brazilian poet Thiago Moraes said he was still excited about his first trip to a country that is totally different from his own. “It took me two days to arrive in China. Very hard. But I was so happy to be in China to know new people, new cultures, new perspectives and new ways of living,” said Moraes, who teaches Brazilian literature at a university in Rio de Janeiro.

    In mid-July, aboard a cruise on the picturesque Fuchun River in Hangzhou, Moraes joined poets from China, Ethiopia and Iran for an impromptu poetry session. Each participant crafted a short, simple poem inspired by the beauty of the Fuchun River. This kind of poetry gathering was popular among ancient Chinese scholars.

    The Brazilian poet was deeply impressed by the enthusiasm of the group and the crystal clear green waters of the Fuchun River. He learned about the ancient Chinese poets Bai Juyi and Su Shi, both of whom created many well-known verses. To his surprise, Moraes found some similarities with the Chinese counterparts: they all share a love of nature and a fondness for expressing their inner worlds through landscapes.

    He said poetry makes people stay humble, open and diversified. “We poets should gather our efforts to make a better world instead of fighting all the time,” he added.

    Poet Shaikha Almteiri from the United Arab Emirates said she never imagined that one day she would set foot in China. She was excited about everything she encountered, including the people, the food, the museums, the ancient villages, the Great Wall and the Forbidden City.

    She was often asked with questions like what are poets in the UAE writing about? What commonalities exist between UAE poetry and poetry from other countries?

    “At the poetry festival in China, we find that no matter which country we come from, we are all creating with the same voice, the same heart and the same human spirit. We are all writing about the world of humanity, using the language of humanity. For example, we depict beautiful childhoods and the small flowers adorning braids,” she said.

    Almteiri enjoyed the poetry festival and said that such kind of gatherings and exchanges among poets might be the very catalysts for their innovation. She also expected for a future trip to China again.

    For Ethiopian poet Seife Temam, the poetry trip to China made him fall in love with the country’s ancient culture, especially the Tang Dynasty (618-907) poet Li Bai. This was also his first visit to China. Previously, he admired Chinese philosopher Laozi and considered him a great Chinese poet as well.

    After visiting several museums, he became enamored with the clothing style and poetry of the Tang dynasty, which he found to be romantic, passionate and unrestrained.

    While cruising on Fuchun River in July, he wrote a romantic verse: “I am a child of the Nile, yet I am captivated by the Fuchun River.”

    Li, the book editor, said that it was the first time for China to hold such kind of international poetry festival of BRICS countries. He hoped that through the book’s publication, the influence of poetry events will grow among poets from BRICS countries, enabling more poets to communicate and exchange ideas with each other.

    MIL OSI China News

  • MIL-OSI China: Integrating ancient classics studies with the world

    Source: China State Council Information Office 3

    It’s been more than three decades since Sinologist Martin Kern studied at Peking University in the late 1980s under Yuan Xingpei, a well-known expert on classical Chinese literature.

    Kern had been a journalist for four years before he started studying Sinology at the University of Cologne in Germany. He was looking for a field with which he was not familiar, so he took up contemporary Chinese poetry and came to Beijing on a scholarship from the German government in 1987.

    Over the course of the following two years, he became interested in the early works of Chinese literature and “went backward into antiquity”, as he himself has put it. His focus remains the same today.

    As a professor at the Department of East Asian Studies at Princeton University in the United States, and codirector of the International Center for the Study of Ancient Text Cultures at Renmin University of China, his academic interest mainly covers literature from the Western Zhou Dynasty (c. 11th century-771 BC) to the Han Dynasty (206 BC-AD 220).

    For Kern, this is a period when early China’s textual culture — integrating philosophical and literary traditions, as well as historical narratives — was closely related to the social and political development of that time.

    During an academic forum themed “From Practices to Things: First Books in the Ancient World” at RUC’s Suzhou Campus in Jiangsu province in late August, he argued that although writing had appeared much earlier in China, it was not until the 5th century BC that a broader textual culture emerged out of practices such as philosophical debate, poetry performances, historical anecdotes, royal speeches and political observations.

    These shorter texts — poems, speeches, anecdotes or essays — were compiled into larger anthologies of anonymous individual texts, giving rise to an early book culture which prioritized compilation and annotation over authorship, interpretation and commentary over the written text itself.

    At the forum, established Chinese and foreign scholars discussed the formation and development of early textual cultures in major ancient civilizations such as those of Greece, Rome, Egypt, Sumer and China, in terms of the social and cultural atmosphere, knowledge practices, participants, materials and mediums that facilitated their invention.

    “It’s so important to strengthen international collaboration and make connections,” Kern says. “For many years, I have encouraged my friends and colleagues here in China to learn a foreign language, read foreign scholarship on early China, as well as scholarship on other ancient civilizations, so that we can have a real conversation.

    “We need to develop a shared intellectual language where we share ideas, concepts and questions,” he adds.

    Xu Jianwei, professor at the School of Liberal Arts at RUC, says that according to his own observations, many high-level scholars of other major ancient civilizations share common working languages — mostly English, German and French — which means they can easily read each other’s academic findings.

    However, they are seldom exposed to Chinese studies and ancient texts, and few Chinese scholars are able to read and write well in other languages. As a result, the study of early China has been isolated from the global academic community.

    “We need to introduce Chinese classical studies into a broader framework of global civilizations studies and related discourse systems,” Xu says, adding that it’s a pity that the wealth of ancient Chinese texts have yet to provide inspiration and contribute to the development of humanities around the world.

    He calls for a change in the way of storytelling and writing by Chinese scholars, saying that holding events like the forum, and bringing domestic and foreign scholars together, will help them work out how they can make themselves understood to an international audience.

    Kern says that there was a time when discussions of classical studies in the West revolved largely around ancient Greece and Rome, but that studies of the ancient world now increasingly involve dozens of classical traditions, including that of early China.

    Xu says that for a century, Chinese scholars have become used to a classification system that categorizes the study of ancient textual cultures into disciplines such as history, philosophy and Chinese literature, but he adds that it’s time to bring back the field of “Chinese classical studies”, which breaks the current disciplinary boundaries, and is consistent with the academic tradition of ancient China that has proved efficient over the course of history.

    MIL OSI China News

  • MIL-OSI Security: Support to German-led action to halt at least EUR 300 million in online fraud

    Source: Eurojust

    The General Public Prosecution Office of Dresden and the Police Directorate of Chemnitz started investigations in June 2020, following complaints from online investors. They had been lured to professionally designed websites, promising high returns on low investments. Victims only received a maximum of 3% of their initial investment, if any money was returned at all. Through the websites, the perpetrators managed to gain access to personal data and bank account details, creating fake customer accounts to lend credibility to the scheme.

    To date, around 120 German victims are known, who have lost approximately EUR 12 million. However, further assessments by German investigators indicate that there are many more victims worldwide, with the fraud totaling at least EUR 300 million. It could even be as high as EUR 500 million. As result of these investigations, a number of suspects have been identified, including the one alleged main perpetrator, who has now been arrested. Investigations into the fraud are ongoing.

    Due to links with Serbia, a JIT was set up with the help of the Agency in February this year, to ensure close cooperation between German and Serbian judicial and law enforcement investigators. Eurojust also organised four coordination meetings with participation of German, Cypriot and Serbian representatives to prepare for the action day and assisted with the execution of European Investigation Orders and requests for Mutual Legal Assistance to Serbia.

    During the action day, 22 places were searched in Cyprus and Serbia. Furthermore, computer equipment, hard drives, mobile phones and digital data have been seized. Germany will ask the Cypriot authorities to surrender the arrested suspect.

    The action day was carried out at the request of and by the following authorities on the ground:

    • Germany: General Public Prosecutor’s Office (Generalstaatsanwaltschaft) Dresden; Police Directorate (Kriminalpolizeiinspektion) Chemnitz
    • Cyprus: Cyprus Police
    • Serbia: Special Prosecutоr’s Office for High-Tech Crime, Service for Combating High-Tech Crime (MOI)

    MIL Security OSI