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Category: housing

  • MIL-OSI: DCBL Launches Tackling Credit Campaign to Empower People to Take Control of Their Finances

    Source: GlobeNewswire (MIL-OSI)

    LONDON, April 24, 2025 (GLOBE NEWSWIRE) — The UK’s largest debt resolution company, DCBL, has launched its Tackling Credit in 2025 (TC25) initiative which aims to empower its customers to make informed financial decisions and regain control over their finances.

    The year-long campaign aims to reduce financial stress among its customers and draws on 25 years of industry expertise, comprehensive market research, and cutting-edge technology.

    As part of its continued investment in people, processes, and technology, DCBL has commissioned extensive market research, exploring the financial trends of UK adults and the effects debt has on their mental wellbeing.

    Collating the results of the research with third-party data, DCBL has produced a comprehensive report identifying the key factors affecting financial stability and potential solutions.

    The Understanding an Ever-Changing Customer Base Report unveiled the current deficient state of financial support channels in the UK, which has compelled it to take action to improve the situation for their customers and provide them with the tools and resources to take control of their finances.

    DCBL’s report reveals that messaging is now the preferred communication channel by 61% of UK adults, and a staggering 93% feel more in control of their finances when there is an app available.

    This detailed research and poignant findings have led to the creation of the DCBL Customer App. Developed and designed in-house, with the support of its customer engagement and welfare experts, the bespoke app allows users to manage their payments 24/7, with as much or as little direct communication as they desire.

    Leveraging technology to improve accessibility is an effective method of improving people’s financial and mental wellbeing – especially for vulnerable customers, who can actively ease the stress of debt by utilising digital tools.

    Darren Connor, Managing Director at DCBL, said: “We understand that financial hardship is about more than just numbers – it’s about real people. Through the Tackling Credit in 2025 campaign, the company is committed to making a real, measurable impact by providing the tools, resources, and support necessary to help our customers regain financial independence and take the stress out of debt.

    “Through TC25, we’re not only offering better accessibility and visibility of solutions but also empowering individuals with the tools and knowledge they need to make better financial decisions.

    “By investing in technology, we are making a key step towards simplifying the debt resolution process and providing seamless support for consumers.”

    For more information, and to download the full TC25 report visit: DCBL’s Tackling Credit in 2025 hub at https://dcbltd.com/tackling-credit-in-2025/.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f15c5e70-6e89-42cb-aca9-d3e9f29d4023

    The MIL Network –

  • MIL-OSI United Kingdom: Membership of the Building Control Independent Panel

    Source: United Kingdom – Government Statements

    News story

    Membership of the Building Control Independent Panel

    The government has announced the appointment of five members to the Building Control Independent Panel.

    Today (24 April), the government has announced the appointment of five members to the Building Control Independent Panel.

    This delivers on a Grenfell Tower Inquiry recommendation, accepted by the government, to set up a panel to carry out a review of whether to change the way in which building control is delivered in England. 

    The panel will be chaired by Dame Judith Hackitt, whose leadership of the Independent Review of Building Regulations and Fire Safety has already helped to shape vital reforms across the sector. An engineer by profession, Dame Judith currently serves as an adviser on building standards to both the UK and Australian Governments and is a member of the International Building Quality Council (IBQC).  She will be joined by four experts with extensive experience in the regulation and use of the building control sector: Elaine Bailey, Ken Rivers, Rt Hon Nick Raynsford and Dr David Snowball. 

    The panel members’ collective expertise will support a thorough and independent review of the current building control model, including on the Inquiry’s recommendations to consider the issue of commercial incentives from the system and exploring alternative options and approaches. The panel is expected to provide a report to the government this autumn.

    Minister for Building Safety, Alex Norris MP, said:  

    “The appointment of this independent panel is a significant step in our response to the Grenfell Tower Inquiry. We need a building control system that puts safety first and supports our plans to accelerate remediation. It must also help to deliver 1.5 million safe, high-quality homes over this Parliament, and be equipped to meet the demands of a modern construction sector.   

    “Their work will play a vital role in shaping a safer, more accountable building industry, and I look forward to receiving the panel’s recommendations as they take this important work forward.”

    The Chair for the Building Control Independent Panel, Dame Judith Hackitt said:  

    “The panel stands ready to get to work on this important review.  We will work at speed but we come at this issue with an open mind and a determination to further raise standards”. 

    Background on the Building Control system   

    The building control system is there primarily to oversee key safety standards set in legislation and ensure that buildings are checked and safe in areas such as fire and structural safety. Following concerns raised by the Grenfell Tower Inquiry, especially around conflicts of interest in the system, a new panel has been appointed to look at whether changes are required.    

    Notes to Editors  

    • The establishment of the panel was announced in the Government’s response to the Grenfell Tower Inquiry on February 26, 2025.  

    • The Grenfell Tower Inquiry recommended that the Government establish an independent panel to consider whether to remove commercial interest from building control and whether to move to a national authority decision model.  

    • The panel’s role is advisory and independent.  The aim is a report to Government in the autumn with a response before the end of the year.  

    • Further updates, including the panel’s Terms of Reference, will be published on GOV.UK shortly.  

    Panel members:

    Elaine Bailey  

    Elaine Bailey is a member of the Industry Safety Steering Group and was formerly the CEO of Hyde Housing (2014-2019). Elaine holds several non-executive directorships, including at MJ Gleeson plc, a house builder operating in the North and Midlands; McCarthy&Stone Shared Ownership (MCSSO), a For Profit Registered Provider of older persons’ housing with a strategic partnership with Homes England; and Andium Housing, Jersey’s largest provider of sub-market value homes for rent and purchase.  

    Ken Rivers  

    Ken is a non-executive director at the HSE, alongside his role as a member of the Industrial Safety Steering Group. Prior to that he chaired the Control of Major Accident Hazards Regulations Strategic Forum and led the tripartite group since its inception, bringing industry and regulators together to identify and address important matters of managing major hazard in the UK. He spent 38 years of his career working at Shell, through various different positions and was President of the Institution of Chemical Engineers.  

    Rt Hon Nick Raynsford MP  

    Nick Raynsford was a Labour MP for 24 years. During this time he held positions as Minister of State for Housing and Planning, Minister for Construction, Minister for London and Minister of State for Local and Regional Government. The latter included responsibility for the Fire and Rescue Service. Since then he has had a number of advisory and non-executive roles in the private, voluntary and public sectors. This included chairing CICAIR (CIC Approved Inspectors Register), the organisation responsible until April 2024 for registering private sector Building Control bodies. Nick is a member of the New Towns Taskforce, working with MHCLG.   

    Dr. David Snowball  

    David spent his working career in the Health and Safety Executive, joining as a Factory Inspector in 1984 and retiring 35 years later. He held senior posts in operational divisions overseeing HSE intervention and enforcement and was also responsible, as Director Regulation, for the quality of operational work. He spent 15 months as Acting Chief Executive before his retirement. He now sits on the Industry Safety Steering Group alongside Dame Judith and is a non-executive director at the Gangmaster and Labour Abuse Authority (Feb 2022- present).

    Updates to this page

    Published 24 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Development of the digital economy and trends in the investment and construction process: the conference “Current problems of economics and management in construction” has ended

    Translation. Region: Russian Federal

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – At the section of young scientists

    On April 17–18, the III National (All-Russian) Scientific and Practical Conference “Current Problems of Economics and Management in Construction” was held at SPbGASU, organized by the Faculty of Economics and Management.

    In total, 120 reports were heard during the two days of the event. Both representatives of SPbGASU and scientists from other universities, including from the Republic of Belarus, Uzbekistan and Kyrgyzstan, took an active part in the work of the section.

    The first day of the conference was marked by the holding of a section of young scientists “First steps in economic science”, in which students of the St. Petersburg Technical College of Management and Commerce (SPb TKuIC), the Russian State Pedagogical University named after A. I. Herzen (RSPU named after A. I. Herzen), Moscow Automobile and Road State Technical University (MADI), as well as representatives of student science from SPbGASU took part.

    At the opening of the young scientists’ section, Dean of the Faculty of Economics and Management Galina Tokunova noted the importance of participation in scientific events of students of secondary education institutions and called for further cooperation of colleges with SPbGASU in scientific and educational processes. Deputy Dean of the Faculty of Economics and Management for Research Yuri Tsvetkov gave a report “Involvement of Young Scientists in Scientific Activity”, highlighting the incentives and rewards that await young researchers in the course of active scientific work.

    The key topics of the section were the development of the digital economy, as well as modern trends in the functioning of the investment and construction process. Victoria Filippova, a student of St. Petersburg TCUiK, prepared a report “Optimization of supply chain management using digital financial assets: opportunities and prospects”, having examined in detail legislative initiatives in this area, the advantages of using this tool in supply chain management and the stages of implementation in logistics processes.

    Daniil Velichko, a student at St. Petersburg TCUiK, presented a report entitled “The Digital Economic Miracle of Russia,” highlighting the advantages of the digital transformation of the economy and assessing the level of digital skills among Russian citizens. In addition, Daniil showed a video about the digital economy prepared by college students.

    The section focused on the research conducted by students of the Herzen State Pedagogical University of Russia – representatives of the People’s Republic of China. Bi Yanwen conducted a comparative analysis of investments in infrastructure development in China and Russia, Xu Yijie compared the current state of the real estate market in the two countries, Chang Jiangshuai spoke about the principles of sustainable development in the construction sector, Lu Haoran studied the issues of antitrust regulation in China, Hao Boyuan presented the main challenges and prospects for the rational use of limited resources in the context of China’s rapid economic growth.

    The conference traditionally had four main sections: “Language training for future professionals”, “Economics of construction and housing and communal services: trends and prospects”, “Economic security: experience, problems, prospects” and “Current issues of management in construction”.

    The conference organizing committee selected the following reports.

    Researchers Evgeny Rossokha and Anastasia Frantsuzova from the Republic of Belarus focused on the ESG orientation of the Belarusian housing policy, which includes housing affordability, improvement of the local area and renovation.

    Vladislav Buchi, a representative of Peter the Great St. Petersburg Polytechnic University, made a presentation on the prospects for the development of multi-story industrial warehouse facilities in an urban format, which is very relevant in the context of the development of urban areas in St. Petersburg due to the acute shortage of warehouse complexes in the region.

    The research of the Master’s student of the Department of Construction Economics and Housing and Public Utilities Daria Batyreva was devoted to the current issues of managing the cost of construction projects in the field of construction production and design; the work highlighted particularly important and complex areas that attract the attention of all specialists in the field of project management.

    The curator of the section “Economic Security: Experience, Problems, Prospects”, Associate Professor of the Department of Economic Security Vladislav Uskov noted that this section has become a unique platform for exchanging opinions in the field of protecting the economic interests of the state and business, economic security and risk assessment. In particular, fourth-year student Meri Kopaleishvili presented a report on the topic “Digital Transformation of Development: Innovative Technologies and Marketing Strategies as a Factor of Sustainability in Conditions of Economic Instability”, Ksenia Danshina prepared a study “External Debt as a Threat to the Financial Security of the State”. A researcher from Peter the Great St. Petersburg Polytechnic University touched upon the problems and prospects of economic security and artificial intelligence.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Honoring History, Looking to the Future: GUU Strengthens Russian-Chinese Cooperation

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    On April 22, 2025, the Institute of China and Modern Asia of the Russian Academy of Sciences and the Russian Center for the Study and Research of Xi Jinping’s Thought on Socialism with Chinese Characteristics in a New Era, with the support of the Chinese Embassy in Russia, held a round table on the topic “Joint Implementation of the Three Global Initiatives to Build a Community of Shared Future for Humanity.” The event was attended by Fanis Sharipov, Director of the Center for Socio-Economic and Political Studies of China at the State University of Management.

    The event took place at the Chinese Cultural Center with the participation of Russian and Chinese business circles, orientalists and other distinguished guests.

    The first to speak was Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Russian Federation Zhang Hanhui. Then, reports were presented by the First Deputy Chairman of the International Affairs Committee of the Federation Council Andrei Denisov, Director of the Institute of China and Modern Asia of the Russian Academy of Sciences Kirill Babaev, Chairman of the Union of Chinese Entrepreneurs in Russia, Deputy Chairman of the Chinese-Russian Friendship Society Zhou Liqun and other representatives of Russian and Chinese business circles, orientalists and honored guests.

    The State University of Management was represented by the Director of the Center for Socio-Economic and Political Research of China Fanis Sharipov, who noted in his speech that on December 18, 2024, a seminar on the topic “The Leader of China in My Eyes – Initiative of Global Civilization in the Form of a Presentation of the 4th Volume of Xi Jinping’s Book “On Public Administration” was held within the walls of our university, and on February 28 of this year, the State University of Management and Renmin Huabao held a round table on the topic “High-Quality Development of the Chinese Economy” on the eve of the next congress of the National People’s Congress of the People’s Republic of China in the Moscow office of the respected publishing house.

    Following the round table, a collection of studies on the implementation of the global development initiative, the global security initiative, and the global civilization initiative will be published.

    On April 23, 2025, at the invitation of the Russian-Chinese Friendship Society, students and teachers of the Russian-Chinese program “International Manufacturing Business” took part in the opening ceremony of the Chinese-Russian photo exhibition “Nobody is Forgotten, Nothing is Forgotten” dedicated to the 80th anniversary of the Great Victory. The event was organized by the Europe and Asia Broadcasting Center of the People’s Republic of China Foreign Language Literature Publication and Distribution Administration (Renmin Huabao Publishing House) and the Russian-Chinese Friendship Society.

    The following speakers spoke at the opening of the exhibition: Feng Litao, Minister-Counselor of the Embassy of the People’s Republic of China in the Russian Federation, Director of the Chinese Cultural Center in Moscow; Galina Kulikova, First Deputy Chairperson of the Russian-Chinese Friendship Society; Yu Jia, Deputy Editor-in-Chief of the Center for Broadcasting to Europe and Asia of the PRC Office of Publication and Distribution of Literature in Foreign Languages; Zhou Shenko, Editor-in-Chief of the Shandong Broadcasting Corporation.

    Subscribe to the TG channel “Our GUU” Date of publication: 04/24/2025

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

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Russia’s missile attacks against Ukrainian civilians over Easter demonstrate its attitude towards peace: UK statement to the OSCE

    Source: United Kingdom – Government Statements

    Speech

    Russia’s missile attacks against Ukrainian civilians over Easter demonstrate its attitude towards peace: UK statement to the OSCE

    Ambassador Holland condemns Russia’s missile attacks against civilians in Sumy and Kharkiv over Easter and President Putin’s transparently cynical attempts to portray Russia as the party of peace.

    Thank you, Mister Chair.  The United Kingdom is grateful to Finland for convening this Special Permanent Council.  It was only 16 days ago that you were last compelled to call an extraordinary meeting of the Council after a Russian missile killed 20 people, including nine children, in Kryvyi Rih.  It was the largest number of children killed in a single strike since the beginning of Russia’s full-scale invasion, according to the UN.

    Last week was one of major religious festivals where communities around the globe came together in the spirit of peace and goodwill. But while Christians around the world were marking the beginning of Holy Week, a Russian ballistic missile struck the centre of Sumy.  34 people were killed, including two children.  A further 117 were injured.  Some of the victims were heading to church for a Palm Sunday service.

    On Good Friday another Russian ballistic missile struck Kharkiv using a cluster munition.  One person was killed and at least 60 were injured.  On the same day, a drone attack on Sumy killed another civilian and destroyed a bakery preparing traditional Easter ‘paska’ bread.

    Mister Chair, our thoughts are with all the victims and their loved ones at this tragic time.

    Russia’s response to the widespread condemnation in this Council – and at the UN – following their attack on Sumy was to resort to their familiar playbook of disinformation and distortion in an attempt to justify the unjustifiable.  We can expect to see a similar tactic on this occasion.

    Through these barbaric attacks, Russia has shown that its cruelty knows no bounds and that it is not serious about peace. President Putin’s so-called “Easter truce” was a stunt, violated repeatedly by his own forces.  A day later – Easter Monday – a further five civilians reportedly lost their lives following Russian attacks, laying bare the Kremlin’s transparently cynical attempt to portray themselves as the party of peace.  Similar attacks have continued since, including yesterday against Kyiv, in which nine civilians were reportedly killed, and 70 more injured.

    If Russia was serious about peace, it would agree to an immediate, full and unconditional ceasefire, just as Ukraine did, more than 40 days ago.  If it was serious about peace, it would stop these senseless attacks on civilians.  If it was serious about peace, it would honour the commitments it has made.

    Russia’s continued attacks against Ukraine are another stark reminder that President Putin has not abandoned his goal of subjugating Ukraine.  For this reason, the UK, alongside our partners and allies, will continue to provide Ukraine with the military support it needs to defend its citizens. And we stand ready to apply further pressure on Russia to hinder its ability to wage this war of aggression.

    Thank you, Mister Chair.

    Updates to this page

    Published 24 April 2025

    Invasion of Ukraine

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Sobyanin: Almost 500 cultural heritage sites are being restored in Moscow

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Work continues in the capital to restore the historical appearance of buildings. This was reported by Sergei Sobyanin in his telegram channel.

    “Currently, specialists are working on almost 500 cultural heritage sites. Among them

    Donskoy Monastery— one of the largest projects that we are implementing together with the Ministry of Culture and the Russian Orthodox Church. Three towers and sections of the Eastern and Southern walls of the monastery are currently being restored here,” the Mayor of Moscow noted.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    Work continues inChurch of the Tikhvin Icon of the Mother of God in Alekseevsky and the extension to the northern gate. Specialists put the white stone details and plaster finish in order. The tiled stoves in the extension were restored.

    They put things in order andthe main house of the Okhotnikovs’ city estate on Prechistenka is a striking example of a Moscow mansion in the Empire style. In 1868, it housed the famous Lev Polivanov Gymnasium, where many famous people of that time studied. Specialists are currently working on the interiors, including restoring the walls, vaults, drawn cornices, and cleaning the stucco decor.

    House with mezzanines on Staraya Basmannaya Street has been known since the 18th century. Here, the historic lamps on the facades and the stucco will be restored, the base will be cleaned and the cracks will be eliminated.

    City estate of Ya.A. Polyakov XIX – early XX century in Bolshoy Nikolopeskovsky Lane was built in the neo-Greek style. It was erected according to the design of the famous architect Illarion Ivanov-Shits. Currently, facade and roofing works are being carried out in the mansion, and the windows are also being repaired.

    Another object is the main house of the city estate of the 18th-19th centuries on Novinsky Boulevard. Fyodor Chaliapin Memorial MuseumHere, the restoration of the stucco decoration of the facades and the veranda on the courtyard side is being completed.

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

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

    https: //vv.mos.ru/mayor/tkhemes/12652050/

    MIL OSI Russia News –

  • MIL-OSI: Best Payroll Software for Accountants (2025): QuickBooks Payroll Named Top Payroll Software Solution for Accountants by Software Experts

    Source: GlobeNewswire (MIL-OSI)

    New York City, April 24, 2025 (GLOBE NEWSWIRE) — QuickBooks Payroll was named the leading payroll software for accountants in 2025 by Software Experts, a well-regarded authority on software evaluations and industry trends. This designation follows a comprehensive evaluation of functionality, integration capabilities, compliance tools, and usability specific to accounting professionals.

    Best Payroll Software for Accountants:

    • QuickBooks Payroll – stands out for its powerful automation, accountant-centric features, and seamless QuickBooks integration.

    QuickBooks Payroll has demonstrated consistent performance across key metrics that matter most to the accounting profession, including automation accuracy, multi-client management capabilities, and tax compliance reliability. The review, conducted and published by Software Experts, highlights how the platform addresses the unique demands of modern accounting firms and independent practitioners.

    This announcement comes at a time when payroll compliance regulations are evolving, and accounting professionals are under pressure to maintain accuracy while managing growing workloads. The increased adoption of digital tools and cloud-based solutions in the financial services sector has further underscored the importance of scalable and dependable software.

    QuickBooks Payroll’s Alignment With Accountant Workflows

    Software Experts’ editorial team noted that QuickBooks Payroll’s integration with QuickBooks Online is one of the platform’s defining strengths. This connection enables automatic syncing of payroll data into general ledger accounts, minimizing the need for manual reconciliation and reducing data-entry errors.

    The platform also includes built-in support for time tracking and employee management, features that are becoming increasingly essential for firms that manage both full-time staff and contractors. Time-tracking data is captured and funneled directly into payroll processing, which supports more accurate wage calculations and reporting.

    Multi-client account access was highlighted as another key factor in the evaluation. Accountants using QuickBooks Payroll are able to toggle between client accounts from a unified dashboard, allowing for smoother operations and better organization across large portfolios. These features reduce administrative friction and make the platform particularly suited for firms serving multiple business clients.

    Automated Payroll and Compliance Management

    With payroll laws and tax regulations continuing to shift, compliance remains a top concern for professionals in the accounting field. QuickBooks Payroll offers automated tax filing and payment services, ensuring that all local, state, and federal obligations are met accurately and on time.

    Included in select plans is a tax penalty protection feature, which covers financial penalties up to a specified limit if tax filings processed through the platform contain errors. According to the Software Experts report, this function adds a layer of assurance, particularly for smaller firms that may lack in-house legal or tax compliance teams.

    Real-time updates to tax rates and labor regulations are automatically incorporated into the software, relieving accountants from the need to manually track changes across jurisdictions. This functionality aligns with broader trends in financial technology that emphasize automation and real-time compliance.

    Pricing Structure and Plan Comparison

    QuickBooks Payroll is offered through three main subscription plans: Core, Premium, and Elite. Each plan is designed to meet the needs of different organizational sizes and levels of payroll complexity.

    The Core plan provides full-service payroll and next-day direct deposit at an entry-level price point, which is often suited for basic payroll operations. The Premium plan introduces enhanced features such as time tracking and HR support, while the Elite plan includes same-day direct deposit, tax penalty protection, and access to a dedicated HR advisor.

    Software Experts’ analysis concluded that the tiered structure allows accounting professionals to select the most appropriate solution based on client volume, payroll complexity, and required support features. Furthermore, the ability to scale up or down without disrupting service continuity makes it a practical choice for firms in a growth phase or those managing a diverse range of clients.

    Industry Relevance and Market Impact

    The acknowledgment of QuickBooks Payroll as the top payroll software solution for accountants aligns with a broader industry shift toward specialized financial tools that support accounting professionals in managing compliance and increasing productivity. The selection criteria used by Software Experts reflect changing expectations in the financial software marketplace, where users seek platforms that combine automation with real-time visibility and security.

    Accounting professionals today face complex challenges, including remote workforce management, multi-state payroll processing, and evolving client needs. Platforms like QuickBooks Payroll that integrate directly with core accounting systems are gaining traction as firms prioritize efficiency and accuracy over manual systems.

    Software Experts noted that the shift toward integrated ecosystems is likely to accelerate in the coming year, with more accounting firms investing in platforms that support end-to-end financial management. QuickBooks Payroll’s ability to connect payroll, HR, and compliance workflows within one system contributes to its growing adoption among professionals seeking operational continuity.

    Regulatory Readiness and Future Outlook

    As governments continue to refine payroll tax requirements and introduce stricter labor regulations, the need for built-in compliance readiness is increasing. QuickBooks Payroll’s automated updates to regulatory changes, including tax codes and wage laws, position it to adapt to this evolving environment without adding administrative burden on end users.

    This capability is particularly valuable for accounting firms that operate across state lines or manage clients in regulated industries. Software Experts anticipates that compliance management will remain a leading factor in software adoption decisions through 2025 and beyond.

    Additionally, the demand for remote accessibility continues to grow, with firms increasingly managing payroll tasks outside traditional office environments. QuickBooks Payroll’s cloud-based model and mobile access functionality cater to this shift, supporting real-time data access and approvals from virtually any location.

    Conclusion

    Software Experts’ recognition of QuickBooks Payroll as the top payroll software for accountants in 2025 is based on its capacity to address core industry challenges, support accurate and compliant payroll management, and integrate with essential accounting systems. Its modular pricing, automated compliance tools, and accountant-focused features place it at the forefront of payroll solutions tailored for the financial services sector.

    The full review, including a detailed breakdown of features, use cases, and pricing comparisons, can be accessed at the Software Experts website.

    The MIL Network –

  • MIL-OSI United Kingdom: Groundbreaking performance set to turn the tables on graphic novel classic

    Source: City of Leeds

    The incredible worlds of graphic novels, orchestral music and electronic soundscapes will come together in a captivating, immersive performance in Leeds next week.

    Award-winning turntablist, DJ and producer NikNak will join forces with Chineke! Orchestra for the world premier of “Parable”, a brand new piece created as part of the Sound Out Leeds series.

    Performed at Hunslet’s Testbed, the groundbreaking piece is inspired by the acclaimed graphic novel adaptation of Octavia Butler’s Parable of the Sower, and will see turntables used as an instrument as they interact with a live orchestra.

    Created in collaboration with acclaimed cellist Ayanna Witter-Johnson, “Parable” explores its source material’s themes of resilience, community and change, creating a dystopian world of sound.

    Based in Leeds, DJ and radio broadcaster NikNak is also an Oram Award-winning turntablist, a form of music which sees artists manipulate sounds through techniques like scratching, beat juggling, and mixing, using turntables and a DJ mixer.

    Speaking about her inspiration for the performance, NikNak said: “The themes of Parable of the Sower feel very relevant to our current times, and I wanted to channel those ideas into a musical and performance context. It’s a way to engage people with the book’s themes in a new medium.”

    She added: “This commission blends turntablism and electronic music production elements with orchestral music in a way that feels fresh.

    “What I’m doing with Chineke! Orchestra is creating a new piece from scratch, no pun intended, using turntables as an instrument alongside an orchestra. It’s something that doesn’t happen very often, and I’m very excited to bring this new, original work to life.”

    Parable takes place at Testbed on May 1 at 8pm. Tickets and more information are available at: Parable – Concert Season

    Aimed at supporting unconventional live experiences and a more accessible classical scene, Sound Out Leeds is produced by Leeds International Concert Season.

    Councillor Salma Arif, Leeds City Council’s executive member for adult social care, active lifestyles and culture, said: “The breadth and diversity of the musical talent in Leeds is truly extraordinary and it’s wonderful that some of these amazing artists are being given such a unique chance to showcase what they can do.

    “Seeing an eclectic programme of performers taking to the stage in their home city is genuinely inspiring for both audiences and aspiring Leeds artists.”

    The Sound Out Leeds series is supported using public funding from the National Lottery through Arts Council England.

    ENDS

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Career Insight: Nadia, Trainee Solicitor, HM Revenue & Customs

    Source: United Kingdom – Government Statements

    Case study

    Career Insight: Nadia, Trainee Solicitor, HM Revenue & Customs

    Nadia provides an insight into her training within HMRC Legal Group

    I am a trainee solicitor, currently in my second seat, working in HM Revenue & Customs (HMRC) Legal Group’s VAT Litigation team. My current work includes conducting litigation and looking at the VAT treatment of certain supplies, like food, beauty procedures, books, and marketing deals from some big household names. A big part of the team’s work is also focusing on serious non-compliance fraud cases and various VAT avoidance schemes. Is Jaffa Cake a biscuit or a cake? That is the type of work you would be able to be involved in working for HMRC’s Legal Group.

    When applying for a training contract at HMRC, I never truly understood what being a government lawyer would be like. As HMRC’s lawyers, we are protecting billions of pounds that are then given back to the community in the way of public services, like healthcare, police and many other areas funded by the taxpayers. It’s a ‘pinch-me’ moment knowing that your work is meaningful.

    In my first seat in Business and Property Taxes Litigation team, and continuing into my second seat, I was given a lot of responsibility from the get-go. I am leading my own cases, managing clients that are experts in a tax field and working with the country’s best counsel. As a trainee, you get to experience various aspects of litigation, whether it is drafting statements of case, creating bundles, attending hearings, or even doing a bit of advocacy, you will not be bored. Some litigation teams are more fast paced than others, but that’s the beauty of it, you will be able to steer your training in the direction you want it to go.

    I have truly enjoyed my time as a trainee so far and have been given the opportunity to get involved in work that I never thought I would be able to as a trainee. As strange as it may seem, the highlight of my first seat was when my counsel had suddenly fallen ill on the morning of an important hearing that I had been preparing for months. After dozens of calls with different Chambers, the tribunal, clients, and understandably very unhappy opposing counsel, we managed to adjourn the hearing. The feeling of accomplishment could not be described.

    I would recommend a career at HMRC to anyone interested in public service and challenging, interesting, and meaningful work.

    Updates to this page

    Published 24 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Best Gold IRA Company 2025: Augusta Precious Metals Review Announced by Affiliate Credo

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) — Affiliate Credo, a financial content expert and SEO-driven review publisher, has officially named Augusta Precious Metals the Best Overall Gold IRA Company of 2025, based on its commitment to transparency, educational value, and commitment to long-term customer support.

    In its newly released announcement, Affiliate Credo highlights Augusta as the standout company among dozens of other gold IRA providers. The announcement is based on factual analysis and draws from market research, client feedback, and publicly available trust ratings and reviews. Augusta is praised for its ethical approach to helping Americans open gold IRA accounts without pressure or confusion.

    Augusta Leads the 2025 List of Gold IRA Companies

    In the Affiliate Credo announcement of the review, Augusta Precious Metals earned the #1 position among the best Old IRA companies due to several key strengths:

    • A strong educational foundation led by Harvard-trained economist economist Devlyn Steele
    • Transparent pricing and spreads
    • Lifetime customer support
    • A client-first, no-pressure philosophy and rollover process

    These factors are rare in an industry often criticized for aggressive sales tactics and unclear pricing.

    “We’ve analyzed the space thoroughly,” said the Affiliate Credo team. “Augusta isn’t just compliant — they lead with clarity and trust, which makes them the top pick for anyone considering a gold IRA in 2025.”

    A Safer Gold IRA Investing Experience for 50+ Americans

    Affiliate Credo’s announcement places particular emphasis on Augusta’s suitability for retirees and pre-retirees. For investors over the age of 50 looking to explore the best gold IRA accounts, Augusta’s structure is especially appealing when considering their:

    • No-pressure 1-on-1 web conference with on-staff precious metals specialists
    • Simple 4-step setup rollover process, guided by their a in-house support team
    • Independent custodians and secure storage options

    With an A+ rating from the BBB, AAA rating from BCA, and endorsements from well-known public figures, Augusta continues to build trust with cautious investors looking to diversify their retirement savings.

    Those researching the space are advised to read “10 Gold Dealer Lies” and “15 Bad Reasons to Buy Gold”, two exclusive reports that help buyers recognize common misleading tactics used by some providers.

    Download here: https://affiliatecredo.com/buyerbeware

    What Makes Augusta Different?

    As noted in the Affiliate Credo release, Augusta offers real value through education and clarity. Their services include:

    • One-on-one web conference designed by a Harvard-trained economist
    • A detailed explanation of how physical gold and silver IRAs work
    • Tools that help investors assess a company’s reliability before investing with them

    Take the Next Step with Confidence

    If you’re exploring the best options for a Gold IRA in 2025 and want to make an informed decision, Affiliate Credo recommends starting with these trusted resources that prioritize clarity and investor protection.

    Start by reviewing the following educational tools:

    • Gold IRA Comparison Checklist – Understand the most important criteria when choosing between Gold IRA providers.
      Access the full checklist and guide here: https://affiliatecredo.com/augustachecklist
    • Buyer Beware Reports – Learn what to avoid in the precious metals market with two fact-based resources:
      “10 Gold Dealer Lies” and “15 Bad Reasons to Buy Gold”
      Read them here: https://affiliatecredo.com/buyerbeware
    • Recognition Highlight – Discover why Augusta has been highlighted by major financial publishers for its professionalism and client-first approach.
      See the mention here: https://affiliatecredo.com/highlight

    National Recognition for Simplicity and Trust

    Outlets such as Money.com and others have spotlighted highlighted Augusta as a standout gold IRA provider thanks to its straightforward service model and strong track record of client satisfaction.

    This recognition reflects Augusta’s reputation for delivering a clear, supportive experience tailored for retirement-age investors. For those entering the Gold IRA space for the first time, this level of guidance and professionalism can make a meaningful difference.

    Learn more about this recognition: https://affiliatecredo.com/highlight

    Why Augusta Tops the 2025 Rankings

    In Affiliate Credo’s comparison, Augusta excelled in five key areas:

    1.   Education-first approach, not sales-driven pressure

    2.   No hidden commissions or fees

    3.   High third-party trust scores, including 1,000+ five-star reviews

    4.   Lifetime customer support, not just during initial account setup

    5.   Compliance-focused practices, avoiding risky language or guarantees

    “Other companies promise. Augusta educates,” the announcement notes. “That difference matters more than ever in 2025.”

    Who Is Augusta Best For?

    According to the report, Augusta is ideal for:

    • Individuals 50+ seeking safer retirement investing
    • Anyone opening or rolling over gold IRA accounts
    • Those who want a free gold IRA kit and comparison tools
    • Investors tired of pushy sales and hidden fees

    Although Augusta’s $50,000 minimum may not suit every investor, those who qualify benefit from exceptional support and structure.

    Final Statement from Affiliate Credo

    “Too many Americans are entering the gold IRA space without understanding what matters most…,” concludes the Affiliate Credo team. “That’s why we’re announcing Augusta Precious Metals as the top gold IRA company of 2025 — and encouraging investors to start with facts, not fear.”

    About Affiliate Credo

    Affiliate Credo provides expert-level comparison content, reviews for finance and retirement-related industries. Known for its transparent product analysis and SEO strategies, the platform helps readers make smarter decisions at every step of the buyer’s journey.

    New York, USA
    Email: hennadii.kamentsov@affiliatecredo.com
    Website: https://affiliatecredo.com

    Disclaimer: Augusta Precious Metals is not a financial advisory firm. This announcement does not constitute financial or tax advice. Always consult with a licensed professional before making investment decisions.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cc7369ec-c03d-49fe-9e0d-266a1485a456

    The MIL Network –

  • MIL-OSI United Kingdom: UKHSA urges Hajj and Umrah pilgrims to get meningitis vaccination

    Source: United Kingdom – Executive Government & Departments

    News story

    UKHSA urges Hajj and Umrah pilgrims to get meningitis vaccination

    UKHSA is reminding travellers to the Kingdom of Saudi Arabia (KSA) for Umrah and the upcoming Hajj pilgrimages to ensure they are vaccinated against meningitis.

    The UK Health Security Agency (UKHSA) is urging travellers to the Kingdom of Saudi Arabia (KSA) for Umrah and the upcoming Hajj pilgrimages to ensure they are vaccinated against meningococcal disease with the MenACWY vaccine, due to ongoing outbreaks of serogroup W (MenW) disease associated with travel to KSA.

    UKHSA has confirmed 5 cases of MenW disease between February and March 2025 in people who had recently returned from KSA or in their close contacts in England and Wales.

    Invasive meningococcal disease is rare but serious and is caused by meningococcal bacteria. Meningococcal meningitis (inflammation of the lining of the brain and spinal cord) and septicaemia (blood poisoning) are severe conditions that can kill or leave people with life-changing disabilities.

    Those undertaking Hajj or Umrah, along with seasonal workers, are required to present a valid certificate of MenACWY vaccination issued between 10 days and 3 to 5 years before arrival, depending on the type of MenACWY vaccine previously received. The World Health Organization (WHO) and the National Travel Health Network and Centre (NaTHNaC) advise, however, that all travellers to KSA should consider receiving the quadrivalent meningococcal (MenACWY) vaccine, especially during the current MenW outbreak.

    While abroad and in the 2 weeks after returning to the UK, pilgrims and travellers returning from KSA should monitor for symptoms such as:

    • fever
    • severe headache
    • vomiting
    • stiff neck
    • rash
    • extreme sleepiness
    • seizures

    Symptoms may resemble flu initially and can appear in any order, but can lead to serious illness within hours. Anyone who has symptoms and becomes concerned about their own or someone else’s health should seek immediate medical advice or dial 999 in a medical emergency.

    Dr Shamez Ladhani, Consultant Epidemiologist at UKHSA, said:

    The MenACWY vaccination is essential for pilgrims travelling to KSA for Umrah and Hajj, particularly given recent cases among UK returnees and their families. Meningococcal disease can be fatal and may leave survivors with serious lifelong conditions including hearing loss, brain damage and limb amputations.

    Pilgrims should ensure vaccination at least ten days before travel and remain vigilant for symptoms like sudden fever, severe headache, stiff neck, or rash. If you or anyone at home becomes unwell with any symptoms of meningitis within two weeks of returning from Saudi Arabia, contact your GP or NHS 111, mentioning your recent travel history, or dial 999 in case of emergency.

    Dr Sahira Dar, President of the British Islamic Medical Association, said: 

    During Hajj and Umrah, millions of people gather in very close proximity during the pilgrim rights, in accommodation sites and on public transport.  This means that there is a much higher risk of contracting infectious diseases such as meningitis which is a serious illness.  We highly recommend that everyone going on Hajj and Umrah receive their MenACWY vaccine which could protect them and their loved ones back home.

    UKHSA is also advising pilgrims about Middle East Respiratory Syndrome coronavirus (MERS-CoV). While risk to UK travellers remains low, pilgrims should:

    • avoid consuming raw or undercooked animal products
    • avoid contact with camels and animal waste
    • practise good hygiene, particularly washing hands after visiting farms, barns or markets

    Should fever, coughing or breathing difficulties develop within 2 weeks of leaving Saudi Arabia, contact a GP or NHS 111, mentioning recent travel history and any contact with respiratory cases, healthcare facilities or camels during travel.

    Further information on vaccinations and travel health precautions for KSA is available on the NaTHNaC website.

    Updates to this page

    Published 24 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Ban Airbnb tax breaks and introduce additional charges for short term lets

    Source: Scottish Greens

    24 Apr 2025 Housing

    Homes are for living in, not for profiteering.

    More in Housing

    The Scottish Greens have tabled plans to ban tax breaks for short term let operators profiteering from houses that could be used to tackle Scotland’s homelessness crisis.

    Green MSP Ross Greer has lodged an amendment to the Housing (Scotland) Bill which would ban short term let operators from receiving relief from Non-Domestic Rates (NDR), commonly known as business rates. A second amendment lodged by the MSP would give Ministers the power to charge short term lets an additional NDR rate instead.

    At present short term lets typically enjoy up to 100% NDR relief through policies such as the Small Business Bonus Scheme.

    These reforms would discourage businesses from buying up homes to turn into short term lets, like Airbnbs. It is hoped the move would encourage the sale of homes currently used as short term lets to free up housing for people to actually live in, rather than for businesses to profit from.

    Since the last election, the Scottish Greens have doubled the tax paid when buying a holiday home or buy-to-let property and given councils the power to double Council Tax on holiday homes.

    These reforms have had the desired effect on house purchases, with 2455 fewer second homes bought last year than in 2023, the largest decrease in a decade. Combined, these will also raise over a quarter of a billion pounds for public services in the current financial year.

    Mr Greer said:

    “There are communities across the country where the greed of short term let operators and buy-to-let landlords has destroyed any chance of local young people ever owning their own home.

    “Given the damage they’ve done to the housing market, there is absolutely no need for short term let operators to continue receiving massive tax breaks. Instead, they should pay a bit more in tax to fund the extra affordable housing we need to solve the crisis they helped to cause.

    “The changes already delivered by Green MSPs have reduced the number of second and holiday homes bought each year, freeing up more properties for people who need a home to live in and raising millions of pounds for vital services like schools and hospitals.

    “We will continue cracking down on the rich hoarding homes and working to free up houses for people to actually live in.

    “We have thousands of homeless people across Scotland while many homes are bought up and used as Airbnbs. The Scottish Greens believe housing should be for people and not for profit.”

    MIL OSI United Kingdom –

  • MIL-OSI Russia: “The fundamental principle of scientific knowledge is honesty.”

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    Daria Mazur wanted to study science since she was 13, when she realized in seventh grade that she was good at physics. In an interview with the Young Scientists of the Higher School of Economics project, she talked about theoretical research on the double electric layer, speed reading, and the MGMT song “Little Dark Age.”

    Why I started doing science

    I was a very unpopular child at school, no one really made friends with me, I existed on my own. And so, when physics started in the seventh grade and I started doing well, I found an outlet in it. Since the seventh grade, that is, since I was 13, I wanted to do science, and only science. I have never doubted it and since then I have been following my own path.

    For a long time I didn’t understand what scientific direction to choose. I knew it would be technical sciences, but I didn’t understand which ones. That’s why I enrolled in applied mathematics. There’s a lot of freedom there: you can do development, or fundamental research.

    In my third year, I met my academic supervisor. Yuri Alekseevich Budkov, and since then I have been engaged in science continuously, already in a specific direction – physical chemistry. This is a science in which chemical phenomena are explained with the help of physics. That is, it is physics and chemistry in one bottle.

    What am I studying?

    Double electric layer. This is a structure that forms at the metal-electrolyte boundary. It consists of a dense layer and a diffuse layer of ions. In a first approximation, the double layer can be represented as a flat capacitor with a capacitance C, which can store energy by accumulating a charge. Double electric layer is the main technology used in supercapacitors. These are new modern energy storage devices. Existing classical double layer models do not take into account many physical factors that prevent the application of these models to real physical and chemical systems, so there is a need to create new theoretical models that would allow for the correct assessment of, for example, the capacity of the double layer, since it is quite difficult to measure it experimentally.

    My first scientific work…

    …happened in the third year. During industrial practice, and then in my bachelor’s thesis, we studied a porous carbon material of the CMK-3 type: we estimated its differential electrical capacity and elastic deformation, then we compared our developed model with the experiment, and obtained good agreement.

    In the next work, already a master’s thesis, we came up with another model of the double electric layer. If earlier we did not take into account the influence of the solvent, that is, our permittivity was constant, then the next time we used an explicit polar solvent – water. This means that an equation was solved for the permittivity, and it changed with the distance from the electrode.

    We approximated the experimental data on differential electric capacity using our model. In it, we took into account all modern aspects of the theory of the double electric layer. For example, the hydrate radius, specific interactions, dielectric decrement, the effect of excluded volume. And based on the obtained parameters, we predicted the differential electric capacity for other concentrations.

    We also found out the influence of specific interactions on the differential electric capacity. Specific interactions are either repulsion or attraction of the hydrated ion and water. We found out that when the specific interactions change from repulsion to attraction, the peak of differential electric capacity decreases. This result was obtained for the first time.

    What I am proud of

    My bachelor’s and master’s degrees, because they resulted in publications in scientific journals – Europhysics Letters and ChemPhysChem respectively. In the second publication, devoted to the modeling of the double electric layer within the framework of the self-consistent field theory at the metal-electrolyte interface, I am listed as the first author for the first time in my scientific career.

    I am very proud of myself – that despite all the trials and difficulties that I had to overcome, I still retained the desire to do science and achieved results that are significant for me. I am very persistent.

    I have been living on my own since I was 18, and I had to work a lot during my entire bachelor’s degree. The first two years were especially hard because I had to combine studying with a hard, low-paying job. It got easier in my third year because Covid started. Everything was closed, there was no work, but I was paid a small salary. In addition, in my third year, I received my first money for science. This raised my morale. And I didn’t have to study in person: until the end of my fourth year, I studied completely online.

    I am currently studying on a single track “Master’s degree – postgraduate study”, and I am paid a stipend. In addition, I work as a research intern at the Laboratory of Computational Physics of MIEM HSE and teach physics in the educational programs “Applied Mathematics” and “Informatics and Computer Engineering”.

    What I dream about

    I don’t really believe in dreams. For me, it’s something unrealistic and unrealistic – like riding a unicorn. I believe in setting goals and achieving them. Actually, that’s how it works out for me in life. But if you really need a dream, then have a funny one. I want no scientist to have to write reports according to GOST.

    What is my goal?

    Defend a PhD dissertation.

    I would like to defend my thesis in physical chemistry, not applied mathematics. I am still working on it, because studying chemistry is very difficult. There is a lot of new knowledge, especially in quantum chemistry and physical chemistry. But I try to constantly learn something new. For example, I recently went to Veliky Novgorod for a workshop on quantum chemistry, where I built my first molecules.

    Science is a system of values that can help you live a good life.

    I believe that the fundamental principle of scientific knowledge is honesty.

    Few people can live without love. It doesn’t matter what kind – romantic, friendly, family. For me, science is love. Every person lives for happiness. Jung, I think, also wrote that happiness is the highest value. And in order for me to be happy, I need to study science.

    If I hadn’t become a scientist

    It’s hard for me to imagine myself as anything other than a scientist. But if I had to choose, I’d probably become a doctor. I really like helping people, and I also like chemistry. Or I could become a chemical engineer, for example, in pharmaceuticals.

    Who would I like to meet?

    With Marie Skłodowska-Curie. She is the first woman to win the Nobel Prize. And the first person in history to receive two Nobel Prizes – in physics and chemistry. I would like to know the secrets of her ability to work. She had a rather difficult life, especially at the beginning of her career. I would like to know how it affected her, what her strength is. She impresses me so much that I visited her grave in Paris, and I always have a book with her biography at home.

    How my typical day is structured

    I wake up not very early, walk the dog. And then I go to work. My working day usually lasts at least 10 hours. In particular, I devote a lot of time to preparing for seminar classes. We need to publish a scientific article soon, and the calculations for it take a lot of time. They have to be done 10-15 times, double-checking every letter in the code, because if you make a mistake somewhere, the results will be non-physical or illogical.

    Do I get burnout?

    Yes, and often, but I don’t fight it. I have too many obligations. It’s gotten a little easier lately because I turned to my supervisor for help: he gives me the opportunity to rest. Although I don’t really believe in rest. I believe that you need to work constantly and that work is the meaning of life.

    What conferences have I attended?

    Recently I went to the Chinese city of Qingdao. I wanted to limit myself to a poster, but I was invited to give an oral report. For the first time I did it in English. It was so scary that the paper in my hands was visibly shaking. But everything went well. After the presentation, Chinese colleagues came up to me and asked questions.

    I was also in Portugal, in Costa da Caparica, at a small conference of a small scientific community. It was very warm. I have amazing memories of it. On the last evening, the organizers brought a big cauldron, poured moonshine into it, set it on fire, stirred it and read a spell in Gallic. It was against witches, evil spirits and simply for happiness. You drink a glass and become a happy person for a year.

    What else am I passionate about?

    Now I spend a lot of time studying theoretical chemistry. I also take speed reading courses. I read with a metronome and have already become faster – two touches of the line with my gaze are enough for me.

    I’m also studying French. So far, quite unsuccessfully – I speak with an accent and forget that I can’t pronounce the endings. Again, this is connected with my dream of living and studying in Paris.

    What was the last thing I read?

    “It’s Me, Eddie” by Eduard Limonov. I really like Limonov – his ambiguity. I accidentally bought his book “Taming the Tiger in Paris”. I periodically buy a huge number of books and do not read them, because there is no time. But Limonov immediately captivated me. It is very difficult for me to read a lot, because my attention floats, and I swallowed “Taming the Tiger” in two days. I liked the style so much that now I am reading a book on theoretical chemistry, which is written in a style similar to Limonov’s. The author of this book is Denis Tikhonov, a fairly well-known scientist, the founder of the public “Theoretical Chemistry” on VKontakte. There is also a chat for chemists, mainly quantum chemists. I am a member of it, read articles that colleagues send there, reasoning. I do not understand anything, but I hope that one day I will.

    Advice to a young scientist

    You need to find yourself not just a scientific supervisor, but a teacher who will pass on to you not only his scientific knowledge, but also the values that he shares, knowledge about life and will be able to support you morally. Everything depends on the scientific supervisor: where you publish, what and how you do, what conferences you attend. Of course, you also have to be persistent. For example, all the foreign conferences that I attended, I found myself, applied for them and paid for them.

    Also, don’t be afraid to promote yourself wherever you can. Don’t be afraid to seek out scholarships, opportunities, conferences – anything that will help you in your scientific career.

    Favorite place in Moscow

    The “World of Vinyl” store in Kitay-gorod. I love vinyl, I have a very large collection of records. It is very diverse – from Vivaldi to “Ranetki”. I love going to this store and usually do not leave without buying anything. Everything I buy, I then regularly listen to, except for the special edition of Radiohead’s “OK Computer”, which I feel sorry to unpack.

    Lately I’ve been listening to Ariana Grande’s album “Eternal Sunshine” and the band MGMT. They have a song called “Little Dark Age”. It’s a little mainstream, but I still like it.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Internship of KRSU teachers at the Polytechnic

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    As part of cooperation between the Kyrgyz-Russian Slavic University and Peter the Great St. Petersburg Polytechnic University, an educational internship was held for the heads of KRSU educational programs. The main goal was to study modern approaches to designing educational programs, implementing innovative teaching methods and developing partnerships with industrial enterprises.

    The internship participants held a series of working meetings with the staff of the Directorate of Basic Educational Programs of SPbPU, where they discussed current trends in higher education, the specifics of developing new educational standards, and the model of multi-track engineering training. Of particular interest were issues of network interaction in the implementation of educational programs and the organization of students’ project activities.

    A significant part of the program was devoted to familiarization with the advanced infrastructure of SPbPU. KRSU teachers visited the laboratories of the Physics and Mathematics Institute, where Acting Director Nikolay Ivanov demonstrated them unique equipment: wind tunnels, installations for studying hydrodynamic processes and modern research stands. At the Civil Engineering Institute, the participants got acquainted with the laboratories of additive technologies in construction and road construction materials, as well as the innovative educational space “MetaCampus Polytech”.

    An important component of the internship was participation in the Youth Career Forum, where KRSU teachers were able to study effective mechanisms of interaction between the university and potential employers. The participants immersed themselves in the working atmosphere and improved their cross-professional competencies. This experience is especially valuable for the development of the graduate employment system in Kyrgyzstan.

    The final stage was the final certification, at which colleagues from KRSU presented the developed educational programs, highlighting their competitive advantages, listing the industrial partners involved and describing the employment prospects of graduates. The defense took place in the presence of the assistant of the Presidential Administration of the Russian Federation Vadim Smirnov, acting rector of KRSU Sergey Volkov, representatives of the Ministry of Science and Higher Education of the Russian Federation, vice-rector for educational activities of SPbPU Lyudmila Pankova and vice-rector for international activities Dmitry Arsenyev.

    Lyudmila Pankova noted: “The implemented approach to the public presentation of the educational program allows us to look at it more comprehensively, evaluate the competitive advantages of the program in the context of the challenges of the modern labor market, and analyze the resource capabilities of the university for training in-demand specialists.”

    The internship significantly deepened Russian-Kyrgyz cooperation in the field of engineering education, providing KRSU teachers with valuable experience that will contribute to the modernization of educational programs and the introduction of advanced practices into the university’s educational process. The knowledge and contacts gained open up new prospects for the development of academic mobility and joint educational projects between the two universities.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: A permit has been issued for the commissioning of a building under the renovation program in Zapadnoye Degunino

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In the Zapadnoye Degunino district, a new residential building was put into operation under the renovation program. The permit for the commissioning of the facility was issued by the capital State Construction Supervision Committee (Mosgosstroynadzor)The head of the department reported this. Anton Slobodchikov.

    The new building, designed for 384 apartments, is located at the address: Bazovskaya Street, Building 26.

    “The area of apartments in the three-section house of variable height is 22.5 thousand square meters. On the first floor there are concierge rooms and pram rooms. The project also provides for non-residential premises for social and household enterprises. The building has through entrances leading to the inner courtyard and to Bazovskaya Street,” Anton Slobodchikov noted.

    The finishing of the apartments corresponds to the standards of the renovation program approved by the Moscow Government. There is a parking lot at the underground level. Each section has three elevators: two with a lifting capacity of 630 kilograms and one with a lifting capacity of 1,000 kilograms. The facades are faced with natural-colored brick, white glass fiber concrete and porcelain stoneware. Air conditioner baskets are fixed to the walls.

    “The architectural appearance of the house is based on a combination of light and dark shades. This, at first glance, simple technique allows the building to look different depending on the point of view, and the color scheme – to easily fit into the surrounding development,” clarified the chief architect of the capital, first deputy chairman of the Committee for Architecture and Urban Development (Moskomarkhitektura)

    Sergey Kuznetsov.

    An area of 5.3 thousand square meters was landscaped next to the house: playgrounds and sports grounds, benches, trees and bushes appeared here.

    On the instructions of Sergei Sobyanin, the city is paying special attention to the quality of work at renovation sites.

    Anton Slobodchikov emphasized that the construction of the house on Bazovskaya Street began in March 2023 on a land plot of more than 0.7 hectares. Mosgosstroynadzor inspectors conducted 11 inspections at all stages of the work. Specialists assessed the quality of construction, finishing, installation of engineering systems and landscaping. Based on the results of the final inspection, a conclusion was issued on the compliance of the facility with the design documentation.

    Specialists from the subordinate Center of Expertise were involved in the field events. They conducted laboratory and instrumental studies of building materials and erected structures.

    The renovation program was approved in August 2017. It concerns about a million Muscovites and provides for the resettlement of 5,176 houses. Earlier, Sergei Sobyanin instructed double the pace of program implementation.

    Moscow is one of the leaders among regions in terms of construction volumes. High rates of housing construction correspond to the goals and initiatives of the national project “Infrastructure for life”.

    Get the latest news quickly the city’s official telegram channelMoscow.

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

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

    https: //vv.mos.ru/nevs/ite/153091073/

    MIL OSI Russia News –

  • MIL-OSI Global: Threatening diversity, threatening growth: the business effects of Trump’s anti-DEI and anti-trans agendas

    Source: The Conversation – France – By Matteo Winkler, Professeur associé en droit et fiscalité, HEC Paris Business School

    Recent months have seen a dramatic shift in US policies on diversity, equity, and inclusion (DEI). These changes carry deep economic consequences. President Donald Trump’s executive orders aim to ban DEI initiatives in federal agencies and contractors, and private companies have felt pressure to weaken or drop their DEI programmes. Trump has framed what was once a corporate safeguard against discrimination as “illegal and immoral”, marking a stark reversal in legal and business norms. Federal judges have blocked some of Trump’s orders, or elements of them, and some legal processes are ongoing.

    Transgender rights have become a lightning rod in this shifting landscape. The barrage of federal directives seeks to challenge – or outright eliminate – protections in areas ranging from health care to education to the military. Beyond the immediate harm to trans individuals, these policies pose threats to multinational companies that have long defended inclusive workplace values. Their leaders must now navigate a cultural minefield where staying silent risks public backlash, while openly supporting trans employees can invite legal and political complications. The business repercussions of this moral issue could affect everything from brand reputation to talent retention.


    A weekly e-mail in English featuring expertise from scholars and researchers. It provides an introduction to the diversity of research coming out of the continent and considers some of the key issues facing European countries. Get the newsletter!

    The economic imperative of DEI initiatives

    There is a growing ensemble of research suggesting that DEI policies are not just nice-to-have but a corporate imperative. This year, the World Economic Forum reported that organizations that include DEI in their core business strategies improve performance, innovation and employee satisfaction. These findings are in line with other studies, which have consistently demonstrated that inclusive workplaces not only attract top talent but perform better financially and have higher returns on assets and net income.

    With regard to people identifying as LGBTI+, a 2024 report by the Organization for Economic Co-operation and Development highlighted that inclusive policies enable LGBTI+ individuals to achieve their full employment and productivity potential, benefiting both their well-being and society at large. Moreover, according to Open for Business, a think tank whose mission is making a case for LGBTQ+ inclusion in private and public settings, companies with “larger LGBTQ+ workforce benefit from diverse perspectives but also foster environments where innovation and productivity thrive”. It has also been found that human rights violations against LGBTI+ people diminish economic output at the micro level, suggesting that inclusive societies are more likely to experience robust economic growth.



    À lire aussi :
    Business schools are facing challenges to their diversity commitments. They must reinforce them to train leaders effectively

    Research has also shown that trans-inclusive business practices have long been associated with innovation, employee satisfaction and market competitiveness. Companies that provide gender-neutral bathroom access, introduce the inclusive use of pronouns and support employees’ gender transitions have been proven to foster relational authenticity in the workplace.

    Discrimination and exclusion, by contrast, not only harm individuals but also impede economic growth by limiting the available talent pool and reducing overall productivity. In September 2024, the American Civil Liberties Union (ACLU) reported that “laws and policies designed to restrict or prevent access or supports for transgender and nonbinary people” endanger LGBTQ+ individuals and their allies, leading to increased fear, lack of safety and a rise in anti-LGBTQ+ violence. More generally, these laws and policies can also deter businesses from investing in regions perceived as discriminatory. Also in September, the Movement Advancement Project identified that the lack of legal protection against discrimination contributes to economic instability for LGBTQ+ families, which can lead to wage gaps, job insecurity and reduced access to benefits, ultimately contributing to reduced consumer spending and lower economic participation.

    Language targeting trans rights and visibility

    Despite the benefits of DEI initiatives, the current US administration has sought to enact several policies aimed at dismantling them, resulting in organizations, both public and private, to suspend funding for DEI and outreach programmes. In Trump’s executive orders, anything – policy, programme or initiative – related to or benefitting trans people in access to healthcare, academic research, scientific inquiry, school policies, personal safety, participation in sports, and military service is now rejected as “gender ideology extremism”.

    Targeting sports, education and the military is functional to an ideological battle aimed at erasing spaces where trans people are most vulnerable. These spaces are also formative arenas in shaping national identity and the public perception of DEI initiatives. When they become politicized, they can also affect how businesses frame their values, manage risks and engage with their different stakeholders.



    À lire aussi :
    Anti-DEI guidance from Trump administration misinterprets the law and guts educators’ free speech rights

    The anti-trans executive orders begin by redefining the term “sex” for interpretations of federal law. According to the text of “Defending Women from Gender Ideology Extremism and Restoring Biological Truth to Federal Government”, a person is either male or female, which is determined by their reproductive cells at conception – a definition in which biology takes precedence over individual rights and legal protections. “Keeping Men Out of Women’s Sports” weaponizes this “biological truth” by threatening to cut off federal funds to schools that allow trans athletes to participate in them. “Prioritizing Military Excellence and Readiness” equates being transgender with medical or physical incapacity despite no evidence suggesting that trans service members negatively impact military readiness. “Ending Radical Indoctrination in K-12 Schooling” seeks to prevent schools from teaching about gender identity, which would strip trans youth of critical support systems. And “Protecting Children from Chemical and Surgical Mutilation” describes gender-affirming healthcare as “destructive”.

    The ripple effects of this anti-trans rhetoric extend into the private sector, compelling businesses to reevaluate their DEI strategies in fear of backlash or scrutiny. Even before the last US presidential election, companies such as Ford, Harley-Davidson and Lowe’s withdrew their participation in the Corporate Equality Index, a national benchmarking tool on corporate policies and practices related to LGBTQ+ workplace equality. In the wake of Trump’s anti-DEI and anti-trans orders, organizers of various Pride events in the US and Canada learned that some corporations, including longtime sponsors, had decided not to fund them. And according to the New York Times, some companies erased language and terms related to DEI from annual reports filed this year, including Dow Chemical, whose reference to LGBTQ+ employee resource groups disappeared from its public documents.

    Navigating between inclusive values and anti-DEI pressure

    Three patterns seem to be emerging on how companies are navigating the tension between values that are inclusive of LGBTI+ people and the growing pressure to scrub DEI commitments within the US context. For the moment, these patterns do not reflect formalized strategies but adaptive responses to an environment that has grown in complexity in a very short time. Some corporate actions reflect deliberate strategy aimed at protecting global consistency, while others appear more reactive, shaped by local market pressures.

    The first pattern involves establishing a sort of internal firewall between US and international operations. Banco Santander provides a clear example of this approach. Thus far, it has maintained global DEI commitments such as tying executive bonuses to increased gender equality in leadership. This group stated that such targets would not be applied to countries where governmental policies target DEI. In this pattern, DEI programmes are maintained abroad but are dismantled in the US to minimize political exposure in the latter.

    The second approach, observed at accounting firm Deloitte, is a cultural split between US operations and those overseas: while entities under the same global brand may still share data, practices, or strategic frameworks internally, they now adopt publicly distinct positions on DEI. Deloitte UK has remained vocal on its DEI commitments, highlighting the cultural and political fault lines that multinationals must now navigate.

    The third approach is a retraction of DEI altogether. Target offers a striking example. In 2023, under increased political and consumer pressure, the company rolled back some of its LGBTQ+ inclusion efforts by reducing the number of Pride-related items for sale. In 2025, four days after Trump’s inauguration, Target announced it would “end its three-year DEI goals”, cease reporting to the Corporate Equality Index and “end a program focused on carrying more products from Black- or minority-owned businesses”, as reported by CNBC. The moves resulted in considerable public criticism, and more notably, coincided with a marked drop in foot traffic – “nearly 5 million fewer visits” over a four-week period – revealing reputational and financial risks associated with the abandoning of DEI policies. By contrast, bulk retailer Costco, which said three days after the inauguration that its shareholders voted against a proposal seen as unfriendly to the company’s DEI programmes, “saw nearly 7.7 million more visits” during that same stretch.



    À lire aussi :
    A boycott campaign fuels tension between Black shoppers and Black-owned brands – evoking the long struggle for ‘consumer citizenship’

    In light of the evidence, it is clear that undermining DEI initiatives poses substantial risks – not just to human dignity, but to economic competitiveness. Businesses and policymakers must recognize that DEI is not merely a social or ethical imperative but a core strategy for growth and innovation. By fostering environments where all individuals can thrive, we unlock the full potential of our workforce and ensure sustainable economic growth.

    Conversely, discriminatory policies contribute to social instability, brain drain and economic stagnation. In the United States, the rollback of DEI initiatives and the marginalization of transgender individuals threaten to erode the nation’s ability to uphold human rights and maintain business competitiveness. History demonstrates that exclusionary policies ultimately harm societies rather than strengthen them. The question remains whether the US can afford to sacrifice social stability and economic growth in pursuit of ideological battles. The evidence suggests that it cannot.

    Matteo Winkler is a member of the Open for Business Academic Committee. He has received funding from the HEC Foundation.

    Marcelle Laliberté is a member of Women in Aerospace Europe and HEC We&Men, and a contributor to the UN`s High Advisory Board on Governing AI for Humanity.

    – ref. Threatening diversity, threatening growth: the business effects of Trump’s anti-DEI and anti-trans agendas – https://theconversation.com/threatening-diversity-threatening-growth-the-business-effects-of-trumps-anti-dei-and-anti-trans-agendas-255040

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Interior finishing work has begun at the educational and scientific center of the Institute of Medicine and Medical Technologies of NSU

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University –

    In the educational and scientific center of the Institute of Medicine and Medical Technologies (IMMT) of NSU, which is one of the second-stage facilities modern campus of NSU, which is being built within the framework of the national project “Youth and Children”, the interior decoration of the premises has begun. Work is underway to insulate the building, install partitions, lay the floor, and level the walls. In the building of the UNC IMMT NSU, an atrium skylight and mirrored ventilated facades have already been installed. In the near future, it is planned to prepare the space for the placement of laboratory equipment. The technical readiness of the facility has exceeded 30%.

    — In 2024-2025, we began implementing a large-scale program to transform medical education at the university, whose history goes back more than 20 years. We created the Institute of Medicine and Medical Technologies, received a license for new educational programs: bachelor’s degree in the direction of “Medical Cybernetics” and a master’s degree in the direction of “Industrial Pharmacy”. These are network programs that we implement jointly with the Engineering School of Moscow State University. The new educational and scientific center of the NSU IMMT will create the infrastructure to bring medical education to a fundamentally new level, increase the number of students – more than 700 people will be able to study in the new building, and conduct research in advanced biomedical areas, – commented the rector of NSU, academician of the Russian Academy of Sciences Mikhail Fedoruk.

    The building of the NSU IMMT UNC will house 8 laboratories in various fields, including molecular pharmacology, metabolomic research, medical chemistry, molecular virology and oncology, etc. It is important to note that the project for the development of medical education and scientific research at NSU “Creation of a center for the integration of personalized biomedicine, pharmacy and synchrotron, binary technologies” received support within the framework of the “Priority 2030” program.

    The construction of the NSU research center, which is also a second-stage facility, continues. The work on laying walls and partitions is 75% complete, the installation of stained glass windows and the installation of an external ventilated facade is 2/3 complete. The technical readiness of the facility is 28%.

    The general contractor for the construction of the second stage of the facilities is the company “MONOTEK STROY”.

    Let us recall that, on the instructions of President Vladimir Putin, a network of modern campuses is being created in Russia. By 2030, a constellation of 25 campuses should appear in the country. Work in this area is being carried out by the Government of the Russian Federation and the Ministry of Education and Science of Russia. Currently, 24 such campuses are being designed and built with the support of the national project “Youth and Children”. One of them has already been completely built in Moscow on the basis of the Bauman Moscow State Technical University. By 2036, the number of campuses will increase to 40. The project is being financed from the federal and regional budgets, as well as from extra-budgetary sources.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Last year, in eight districts of the capital, driveways to buildings were improved under the renovation program

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Last year, specialists from the city services complex built access roads to 23 buildings under the renovation program. This was reported by the Deputy Mayor of Moscow for Housing and Public Utilities and Improvement Petr Biryukov.

    “Work has been carried out to expand access roads to 23 buildings built as part of the renovation program. Seven such roads were built in the east of the capital, four in the Southern Administrative District, three in the Northern and South-Eastern Administrative Districts, two in the South-Western and North-Western Administrative Districts, and one in the North-Eastern and Western Administrative Districts,” said Pyotr Biryukov.

    The construction of residential buildings is taking place not only on starting sites in areas of existing development, but also on the sites of houses previously resettled under the renovation program.

    The head of the city economy complex noted that courtyard areas designed more than 60 years ago are often not suitable for the passage of construction and fire equipment. The development of new roads, which are then integrated into the district’s transport system, helps to solve this issue at the initial stage.

    In total, 12.6 kilometers of access roads with a total area of 75.6 thousand square meters were widened and almost 33 thousand square meters of sidewalks were equipped. Convenient ramps were made for people with limited mobility. In addition, over 32 thousand square meters of lawn were laid.

    For the comfort and safety of residents, about 150 lanterns with energy-efficient lamps were installed when arranging access roads to facilities built within the framework of the renovation program. Overhead lines were transferred to cable ducts.

    The renovation program was approved in August 2017. It concerns about a million Muscovites and provides for the resettlement of 5,176 houses. Earlier, Sergei Sobyaninordered to increasethe pace of implementation of the renovation program has doubled.

    Moscow is one of the leaders among regions in terms of construction volumes. High rates of housing construction correspond to the goals and initiatives of the national project“Infrastructure for life”.

    Get the latest news quickly official telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/153096073/

    MIL OSI Russia News –

  • MIL-OSI Russia: About 760 Muscovites signed contracts for housing under the renovation program in a new building on Sovkhoznaya Street

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In the Lyublino district, house 10a on Sovkhoznaya Street is being populated under the renovation program. Since the start of inspections of the apartments offered by the city, about 760 residents have completed documents for them. This was reported by the Minister of the Moscow Government, head of the capital’s Department of City Property Maxim Gaman.

    “The first to start inspecting apartments in the residential complex on Sovkhoznaya Street were more than 200 Muscovites from a five-story building on Sudakova Street in mid-January. A week later, they were joined by the same number of city residents from house 49/17 on Krasnodonskaya Street. In February, the resettlement information center began accepting residents of three five-story buildings on Armavirskaya Street. Of the approximately thousand people who started inspecting apartments, almost all have already decided on their choice of housing, and about 760 program participants have signed contracts with the city,” said Maxim Gaman.

    The housing is provided with improved finishing, made according to the standards of the renovation program. The apartments have a convenient layout, taking into account modern zoning principles, wide corridors and hallways, large kitchens and bathrooms. On the first floor there are rooms for strollers and a concierge.

    “The residential complex on Sovkhoznaya Street consists of two buildings and is designed for 466 apartments with a total area of over 27 thousand square meters. The new building was erected taking into account a barrier-free environment. The floors in the vestibules and elevator halls are located at the same level, without steps. In the courtyards, pedestrian passages are designed so that it is comfortable for both parents with strollers and residents with limited mobility to move around. The new building also provides six apartments for city residents with disabilities – the width of the corridors and doorways has been increased, special plumbing has been installed,” added the Minister of the Moscow Government, head of the capital’s Department of Urban Development Policy

    Vladislav Ovchinsky.

    The area around the house has been landscaped, and children’s playgrounds and a sports ground have been built nearby. Within a kilometer of the residential complex there are three parks and the “Alley of Young Families”.

    Earlier Sergei Sobyanin told on the use of prefab technologies in the construction of houses under the renovation program.

    Renovation program approved in August 2017. It concerns about a million Muscovites and provides for the resettlement of 5,176 houses. Sergei Sobyanin instructed to double the pace of implementation of the renovation program.

    Moscow is one of the leaders among regions in terms of construction volumes. High rates of housing construction correspond to the goals and initiatives of the national project “Infrastructure for life”.

    Get the latest news quickly official telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/153102073/

    MIL OSI Russia News –

  • MIL-Evening Report: Grattan on Friday: Coalition’s campaign lacks good planning and enough elbow grease

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Whatever the result on May 3, even people within the Liberals think they have run a very poor national campaign. Not just poor, but odd.

    Nothing makes the point more strongly than this week’s release of the opposition’s defence policy.

    As events played out, its Wednesday launch in Perth was overshadowed by the death of Pope Francis on Monday. But regardless of that unforeseeable event, the timing was extraordinarily late. Early birds had started voting at pre-poll places on Tuesday. The popularity of pre-polling means that, for many voters, the tail end of the formal campaign is irrelevant.

    The Coalition regards defence and national security as its natural territory. It is pledging to boost defence spending to 2.5% of GDP within five years – $21 billion extra – and to 3% within a decade. The policy set up a contrast with Labor.

    So why leave its release until the campaign’s penultimate week? The opposition’s line is that it wanted to see what money was available. Dutton said, “It would have been imprudent for us to announce early on, without knowing the bottom line”. The explanation doesn’t wash. If defence is such a priority, it should have been towards the front of the queue for funds.

    That wasn’t the whole of the problem. The announcement consisted literally of only these two figures, wrapped in rhetoric. It didn’t come with any meat, any policy document setting out how a Coalition government would rethink or redo defence.

    Shadow minister Andrew Hastie was at the launch, but he has been hardly seen nationally in recent months. He says he’s been working behind the scenes, and also he has a highly marginal Western Australian seat (Canning) to defend.

    But Hastie, 42, has been underused. From the party’s conservative wing, he is regarded as one of the (few) bright young things in the Liberal parliamentary party. He has been touted as a possible future leader. Given the general weakness of the Coalition frontbench, wasting Hastie has been strange.

    A captain in the Special Air Service Regiment who served in Afghanistan, Hastie has seen his share of combat. In 2018, he expressed the view that women shouldn’t serve in combat roles, saying “my personal view is the fighting DNA of close combat units is best preserved when it’s exclusively male”.

    This week he was peppered with questions about his opinion (questioning triggered by a similar view being expressed by a disqualified Liberal candidate). But the issue is a red herring.

    Hastie, a former assistant minister for defence, says he accepts the Coalition’s position that all defence roles are and should be open to qualified women. In the Westminster system, the obligation is for ministers to adhere to the agreed policy – that doesn’t mean someone might not have a different personal view.

    Putting together an election campaign requires judgements at many levels, ranging from how big or small a target to be, and the balance between negative and positive campaigning, to candidate selection and which seats the leader visits.

    The length of the formal campaign is in the prime minister’s hands. Anthony Albanese has sensibly kept this one to the typical five weeks, but a couple of past PMs made bad decisions, by running very long campaigns: Bob Hawke in 1984 and Malcolm Turnbull in 2016. Both lost seats, while retaining power.

    While keeping the formal campaign short, Albanese was canny in hitting the road as the year started with a series of announcements. That gave him
    momentum and some clear air. This also became more important when Easter and the Anzac holiday weekend intruded on the formal campaign. The Coalition looked dozy in January.

    In the event of a Coalition loss, the nuclear policy will be seen as a drag. In campaigning terms, it has been a bold throw of the dice, although admittedly not nearly as bold as the Coalition’s sweeping Fightback blueprint for economic reform in the early 1990s. That looked for a while as if it might fly, but was eventually demolished by Labor Prime Minister Paul Keating.

    Elections are not conducted in vacuums. Context can be important, and it has been particularly so in this campaign.

    As has repeatedly been said, Donald Trump hovers over these weeks, and it’s the Coalition that is disadvantaged. This is not just because Dutton struggles to deal with the government’s barbs that he is Trump-like – more generally, some voters who might have been willing to change their vote appear to be thinking now is not the time.

    If the Coalition defies the current apparent trend to Labor and scores a win in minority government, critics of its campaign will be eating humble pie. Seasoned election watchers remember the salutary lessons of 1993 and 2019, when the polls were wrong. In those elections, the government was returned.

    Dutton and Nationals leader David Littleproud have both suggested the Coalition’s internal polling, which concentrates on marginal seats, is better for it than the media’s national polls.

    If Labor loses this election, it will be left wondering how an apparently textbook campaign failed to nail the votes.

    If the Liberals lose, their post-mortem reviewers will home in on various faults. One will be the policy lateness (not just the defence policy), meaning voters didn’t have time to absorb the offerings. Another will be the fact some policies were not fully thought through, or road tested. The consequences of the foray on working-from-home should have been anticipated. “Shadows” have often put policy preparedness behind going for a political hit on the day.



    Read more:
    Election Diary: Dutton backs down on working-from-home crackdown after outcry threatens to cost votes

    Even now, the opposition is struggling when quizzed about its plan to cut 41,000 from the public service. Dutton says the numbers will only go (by attrition or voluntary redundancy) from those working in Canberra. The Coalition also says frontline services and national security areas will be protected.

    A source familiar with the public service points out, “If you sacked 41,000 in Canberra, you would decimate the national security bureaucracy and if you exempted national security you would barely have 41,000 public servants to sack”.

    If the Coalition has a disastrous loss, with few or no net gains, the criticism of its campaign will be scarifying. If it loses by only a little, the critics will say that a better planned and organised campaign, preceded by a lot more policy work, might have pushed it across the line.

    To be successful, an opposition needs a great deal of elbow grease, and so far the Coalition doesn’t look as though it has used enough of that.

    Michelle Grattan 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. Grattan on Friday: Coalition’s campaign lacks good planning and enough elbow grease – https://theconversation.com/grattan-on-friday-coalitions-campaign-lacks-good-planning-and-enough-elbow-grease-254992

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Asia-Pac: Subsidised flat ballots drawn

    Source: Hong Kong Information Services

    Ballots were drawn today to determine the priority ranking of applications under the Housing Authority’s White Form Secondary Market Scheme (WSM) 2024.

    The authority’s Subsidised Housing Committee Chairman Cleresa Wong officiated at a ballot ceremony. The results are available on the scheme’s dedicated webpage.

    The Subsidised Housing Committee said in January that beginning from WSM 2024 the number of places on offer will be increased by 1,500 to 6,000. All of the additional places will be allocated to applicants aged below 40.

    The authority said that of the applications received under WSM 2024, over 80% came from young applicants applying to the newly implemented WSM Youth Scheme.

    The authority estimates that approval letters will be issued to successful applicants in the third or fourth quarter of this year, paving the way for them to apply for a Certificate of Eligibility to Purchase.

    The certificates can be used by applicants to purchase a flat within the one-year validity period.

    MIL OSI Asia Pacific News –

  • MIL-Evening Report: What is preferential voting and how does it work? Your guide to making your vote count

    Source: The Conversation (Au and NZ) – By Robert Hortle, Deputy Director, Tasmanian Policy Exchange, University of Tasmania

    For each Australian federal election, there are two different ways you get to vote.

    Whether you vote early, by post or on polling day on May 3, each eligible voter will be given two ballot papers: one for the House of Representatives (the “lower house”) and one for the Senate (the “upper house”). Each of these two ballots uses a slightly different system, so it’s worth understanding how your numbered boxes translate into real results.

    Knowing how preferences work is key to making your vote count, before you get to enjoy your hard-earned democracy sausage.

    The House of Representatives (lower house)

    Australia is divided into 150 electorates, each of which is represented by one member in the House of Representatives. To elect them, we use a system called full preferential voting.

    On your green lower house ballot paper, all the candidates will be listed in a random order. You write a “1” in the box beside the candidate who is your first choice. This is called your first preference. You then write a “2” beside your second-choice candidate (your “second preference”), and so on until every candidate has a number.

    To make sure your vote counts, you need to number every box. If you skip a number, use the same number twice, or leave a box blank, your vote becomes informal and won’t count. So, it’s important to double-check. If you do make a mistake, don’t worry – you can just ask for a new ballot paper from a polling official.

    Once voting closes, the counting part is where things get interesting.

    First, officials from the Australian Electoral Commission (AEC) – an independent and impartial body – sort the ballot papers into piles according to each ballot paper’s first preference, then count them. If any candidate receives more than 50% of the votes, they win and are declared elected.

    If no one gets over 50%, the candidate with the lowest number of first preferences is knocked out (the technical term is “excluded”). Their ballot papers are then “redistributed” to the second preference candidate marked. This continues – eliminating the lowest-polling candidates and redistributing their preferences – until someone crosses the 50% threshold. This preference distribution process helps ensure the winner has majority support.

    But what does this look like? You can find out by numbering your preferences in the great farm animal election.

    As you’ll see, your first pick may be knocked out during vote counting, but maybe your second or third preference will get across the line.

    The Senate (Upper House)

    There are 76 members of the Senate: 12 from each state and two from each territory. Voting for senators is a bit different from the lower house in that it is partial preferential, and you can vote either “above the line” or “below the line”.

    Your white senate ballot paper will have several columns listing parties and groups. Party names appear above the thick black line, and individual candidates appear below it.

    If you vote above the line, you must number at least six boxes. When it comes to counting the votes, your preferences will then be distributed to candidates in the party in the order that their party has listed them. Parties decide this order beforehand.

    So, say you put a 1 next to the Liberal Party, which has three candidates, a 2 next to Labor, which also has three candidates, then number four more boxes. Your first three preferences would be for the three Liberal candidates, then your fourth to sixth preferences would be for the Labor candidates because you put them second. This then continues for each of the six boxes you numbered.

    You can try voting above or below the line with this sample senate ballot. It will tell you to keep numbering boxes to ensure your vote is valid.

    If you vote below the line, for individual candidates, you must number at least 12 boxes. But you can number all of them if you want – it can be satisfying to put someone last!

    Just like in the House of Representatives, you put 1 beside your first choice, 2 beside your second, and so on. You don’t have to stay within the same column – you could have a Greens candidate as your first choice, a Liberal as your second, then another Greens candidate as your third, for example.

    Because the upper house elects multiple candidates per state, using a combination of voting methods and a quota system, the Senate count is more complex.

    One thing to be mindful of is the “exhausted” vote. If you only number the minimum (six above the line or 12 below) and all your preferred candidates are excluded, your vote can no longer be redistributed. But any of your preferences used to elect a candidate before that point still count.

    Make your vote count

    Australia’s voting system is designed to make sure your vote has an impact, even if your first-choice candidate doesn’t win. That’s why understanding how preferences flow is so important.

    For those of us who have grown up here, it’s easy to think of voting as a chore rather than a privilege. But we’re so lucky to be able to go to a polling place without fearing violence or intimidation.

    To be able to cast a vote in a system that – despite some flaws – is free and fair is a global rarity. So make sure you double-check your numbers, and think carefully about where your preferences are going – then enjoy that democracy sausage knowing you’ve made your vote count.

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

    – ref. What is preferential voting and how does it work? Your guide to making your vote count – https://theconversation.com/what-is-preferential-voting-and-how-does-it-work-your-guide-to-making-your-vote-count-254286

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: 5 ways to tackle Australia’s backlog of asylum cases

    Source: The Conversation (Au and NZ) – By Daniel Ghezelbash, Professor and Director, Kaldor Centre for International Refugee Law, UNSW Law & Justice, UNSW Sydney

    People who apply for asylum in Australia face significant delays in having their claims processed. These delays undermine the integrity of the asylum system, erode public confidence and cause significant distress to people seeking asylum.

    There are, at the time of writing, 28,691 applications for a protection visa awaiting a decision at the Department of Home Affairs. At least 43,308 applications await review at the Administrative Review Tribunal.

    For people seeking asylum who have their initial applications refused and seek review in the Administrative Review Tribunal and in the Federal Circuit and Family Court, the process can often take more than ten years.

    Whoever wins the upcoming election inherits the daunting task of addressing this issue.

    Our research evaluated data on Australia’s previous attempts to increase efficiency of asylum processing. We also examined international best practice for designing fair and fast procedures, including lessons from recent successful asylum reforms in Switzerland.

    Here are five ways to make Australia’s asylum process more efficient.

    1. Recognise fairness enhances efficiency

    In most countries with asylum systems, processing is neither fair nor fast.

    When trying to increase efficiency, many governments have limited the ability of a person seeking asylum to fairly put forward their case.

    Australia, the United States, and many countries across Europe have introduced accelerated or fast-track procedures that drop essential safeguards including:

    • the right to an interview
    • access to legal assistance, and
    • the opportunity to respond to information that undermines their claim for asylum.

    But these efforts don’t just undermine fairness. They also contribute to slower processing.

    Such measures tend to lead to more appeals, and more cases being overturned by courts and tribunals. This contributes to longer delays.

    Our research into Australia’s now-abolished fast-track procedures demonstrates this. This policy was introduced by the Coalition government in 2014, with the aim of speeding up processing and reducing the backlog of asylum applications.

    It included the creation of a new streamlined review process before the Immigration Assessment Authority. Applicants were generally not interviewed or allowed to put forward new information.

    The resulting system was not only unfair; it was also excruciatingly slow.

    Four in five cases were appealed to the court. About 37% of these were overturned. The delays created by increased litigation clearly counteracted any time saved.

    One of the best ways to improve the efficiency of asylum processing is to ensure applicants can present their cases effectively from the outset.

    2. Fund legal representation for those who can’t afford a lawyer

    Research shows legal assistance increases efficiency.

    Lawyers can help assist people to prepare and present their case properly, and ensure that they get a fair hearing (reducing the chance of a lengthy appeal).

    Promisingly, in 2023 the federal government announced A$48 million in funding for legal services for people seeking asylum.

    It’s crucial this funding is maintained, and is sufficient to meet demand.

    3. Invest in decision-makers

    Once a person lodges their claim for asylum, it’s first assessed by the Department of Home Affairs. If the application is denied, the applicant can seek review at the Administrative Review Tribunal, which reassesses the merits of the application.

    If the tribunal rejects the claim, the court can conduct a limited review focusing only on whether the decision was lawfully made.

    A fast process is only possible if we have enough of all these decision-makers across the system.

    This requires investment in training and hiring suitably qualified decision-makers who are equipped to handle the volume and complexity of asylum claims.

    This is underway. The federal government has invested $58 million in October 2023 towards hiring additional Administrative Review Tribunal members and Federal Circuit and Family Court judges for asylum cases. It’s also hiring more staff at the Department of Home Affairs.

    Australia’s next government should consider taking a data-driven approach to calculate the decision-making capacity required for existing and future caseload.

    4. Prioritise simple cases for faster processing

    Not all asylum cases are equally complex; some can be resolved relatively quickly.

    Australia needs a robust and transparent triaging system to identify and prioritise simpler cases for faster processing.

    This would significantly improve overall efficiency and allow decision-makers to focus on more complex cases.

    The Department of Home Affairs’ current approach to triaging is a “last in, first out” system that prioritises new asylum applications for rapid processing.

    However, this leads to substantial unfairness for applicants who lodged their claims earlier, who may face long processing delays.

    The department needs an approach to streaming based on case complexity, to ensure all cases are finalised as quickly as possible.

    5. Better coordination across decision-making bodies

    The various bodies involved in asylum processing – including the Administrative Review Tribunal, the Federal Circuit and Family Court and the Department of Home Affairs – need to coordinate to improve efficiency and cut delays.

    Any government reforms aimed at increasing the efficiency of asylum procedures must be system-wide.

    By taking a holistic view, we can ensure that increased efficiency at one stage does not inadvertently create bottlenecks or inefficiencies in another.

    A fundamental shift

    Overall, Australia needs a fundamental shift that recognises fairness contributes to, rather than detracts from efficiency.

    That shift is essential for developing a fair and fast asylum process that will serve the best interests of applicants, the government and the Australian public.

    Daniel Ghezelbash receives funding from the Australian Research Council and the Robert Bosch Foundation. He is a board member of Refugee Advice and Casework Services, Wallumatta Legal, and the Access to Justice and Technology Network. He is also a Special Counsel at the National Justice Project.

    Keyvan Dorostkar receives an Australian government Research Training Program (RTP) Scholarship.

    Mia Bridle receives an Australian government Research Training Program (RTP) Scholarship.

    – ref. 5 ways to tackle Australia’s backlog of asylum cases – https://theconversation.com/5-ways-to-tackle-australias-backlog-of-asylum-cases-254071

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI New Zealand: Gang Conflict Warrant issued in Eastern District

    Source: New Zealand Police (National News)

    To be attributed to Detective Inspector Marty James, District Manager Criminal Investigations:

    Eastern District Police have today been issued a Gang Conflict Warrant, following several incidents stemming from ongoing tensions between Mongrel Mob and Black Power.

    At around 10:45pm on Tuesday night, shots were fired at houses in Wairoa associated with both gangs, and a Napier house connected to one of the gangs was targeted this morning. 

    We’re also aware of a number of alleged gang-related incidents in Wairoa that have not been reported to us, including assaults, vehicle rammings, other damage to cars, and threatening behaviour.

    A significant operation is under way across Tairāwhiti and Hawke’s Bay in response to this senseless violence between the two gangs, and the Gang Conflict Warrant issued today gives us valuable additional powers to draw on.

    The Gang Conflict Warrant is issued under the Criminal Activity Intervention Legislation Act and gives us special powers to search vehicles of suspected gang members, and to seize firearms, weapons and vehicles.

    The violence we are seeing from these two gangs – particularly those incidents where firearms are involved – is absolutely unacceptable in our communities.

    The residents of our communities have the right to be able to go about their daily lives without fearing for their safety from gang-related violence. They’ve had enough and so have we.

    As part of our investigation into the recent offending, officers in Tairāwhiti and Hawke’s Bay will be stopping vehicles with links to gang members and searching gang-related addresses. 

    Officers will also be maintaining a highly visible presence in our communities to provide reassurance.

    We are determined to hold those responsible for the recent offending to account and gang members should be on notice that we will not tolerate this ongoing violence.

    Today we arrested two men in relation to the incident in Wairoa on Tuesday night. The two men – aged 18 and 35 – have been charged with aggravated burglary and possession of offensive weapons. Further arrests are likely in the coming days.
     

    ENDS
     

    Issued by Police Media Centre. 

    MIL OSI New Zealand News –

  • MIL-OSI Russia: Renovation program: in the first quarter of this year, all residents of 49 buildings completed the paperwork for new apartments

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In the first quarter of this year, all residents of 49 old buildings completed the execution of contracts for new apartments under the renovation program. This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “In the first quarter of 2025, Muscovites from 49 old buildings completed the paperwork for equivalent apartments under the renovation program, while 31 buildings have already been completely vacated, while residents of the remaining 18 are still in the process of moving. In total, about 8.2 thousand people lived in these houses being resettled. All of them became the owners of comfortable housing with improved finishing according to the standards of the renovation program,” said Vladimir Efimov.

    Apartments that city dwellers move into renovation program, more spacious than their previous ones due to the larger area of the corridors and kitchens. In addition, new buildings are being built taking into account the principles of a barrier-free environment.

    In January, residents of 16 old houses completed paperwork, in February – residents of 19. In March, Muscovites living in 14 old buildings completed paperwork.

    “The largest number of houses in which residents completed the paperwork in the first quarter are located in the east of the capital – there are 14 of them. They were home to 2.4 thousand city residents. In the southeast, all Muscovites from nine buildings being resettled signed contracts – more than 1.6 thousand people, in the northeast – from five five-story buildings and two four-story buildings, in which almost 1.2 thousand participants in the renovation program lived,” said the Minister of the Moscow Government, head of the capital’s Department of City Property

    Maxim Gaman.

    As part of the renovation program, residents can use the services of a super service “Moving under the renovation program”. You can order them on the mos.ru portal or at resettlement information centers.

    More than 100 thousand people have used the super service “Moving under the renovation program”

    Minister of the Moscow Government, Head of the Department of Urban Development Policy Vladislav Ovchinsky clarified that one of the most popular services within the super service is assistance in moving. The city provides residents with movers and a car free of charge to transport things from an old apartment to a new one. And developers and general contractors, thanks to the service, can monitor the quality of built residential complexes, the time frame for eliminating defects in new apartments, and also track changes at the sites.

    The capital’s Department of Information Technology added that general instructions available in the super service will help prepare for the planned move “Moving under the renovation program” on the mos.ru portal. With its help, you can find out how the move is organized, get information about the necessary documents for drawing up a contract, and also use links to useful services. If you configure the parameters of the move, the super service will provide the opportunity to read the instructions for a specific life situation.

    Earlier, Moscow Mayor Sergei Sobyanin told on resettlement under the renovation program in the Timiryazevsky district.

    The renovation program was approved in August 2017. It concerns about a million Muscovites and provides for the resettlement of 5,176 houses. Sergei Sobyanin instructed to double the pace of implementation of the renovation program.

    Moscow is one of the leaders among regions in terms of construction volumes. High rates of housing construction correspond to the goals and initiatives of the national project “Infrastructure for life”.

    Get the latest news quickly official telegram channelthe city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/153079073/

    MIL OSI Russia News –

  • MIL-OSI: Flow Traders 1Q 2025 Trading Update

    Source: GlobeNewswire (MIL-OSI)

    Flow Traders 1Q 2025 Trading Update

    Amsterdam, the Netherlands – Flow Traders Ltd. (Euronext: FLOW) announces its unaudited 1Q 2025 trading update.

    Highlights

    • Flow Traders recorded Net Trading Income of €140.2m and Total Income of €135.1m in 1Q25, an increase of 10% and 4% when compared to €127.1m and €129.6m in 1Q24, respectively.
    • Flow Traders’ ETP Value Traded increased by 24% in 1Q25 to €507bn from €409bn in 1Q24.
    • Fixed Operating Expenses were €50.8m in the quarter, an increase of 15% when compared to the €44.1m in 1Q24, due mostly to increased employee and technology expenses.
    • Total Operating Expenses were €72.7m in 1Q25, an increase of 7% when compared to the €67.9m in 1Q24, due to higher Fixed Operating Expenses.
    • EBITDA was €62.3m in the quarter, an increase of 1% when compared to €61.6m in 1Q24. EBITDA margin was 46% in 1Q25 vs. 48% in 1Q24.
    • Net Profit came in at €36.3m in 1Q25, yielding a basic EPS of €0.84 and diluted EPS of €0.82, a 21% decrease compared to a Net Profit of €45.9m, basic EPS of €1.05, and diluted EPS of €1.04 in 1Q24.
    • Trading Capital stood at €803m at the end of 1Q25, a 32% and 4% increase from €609m and €775m at the end of 1Q24 and 4Q24, respectively, and generated a 68% return on average trading capital1.
    • Shareholders’ equity was €787m at the end of 1Q25, compared to €631m at the end of 1Q24 and €767m at the end of 4Q24.
    • Flow Traders employed 619 FTEs at the end of 1Q25, compared to 601 at the end of 1Q24 and 609 at the end of 4Q24.

    Leadership Update

    In a separate release today, Flow Traders announced that Mike Kuehnel has conveyed to the Board his intention not to seek re-election as CEO for another full term at the 2025 AGM. He will leave Flow Traders at the end of August of this year, to pursue a new opportunity. To ensure a seamless leadership transition, Mike has agreed to be nominated for re-election as CEO at the upcoming AGM on 13 June 2025, his renewed term extending until 31 August 2025. The Board has initiated a search for his successor.

    Furthermore, Marc Jansen will be nominated for election as Executive Director of Flow Traders Ltd. and in addition, Marc Jansen and Alex Kieft will be appointed as Co-Chief Trading Officers, effective immediately.

    Financial Overview

    €million 1Q25 1Q24 Change YTD25 YTD24 Change
    Net trading income 140.2 127.1 10% 140.2 127.1 10%
    Other income (5.1) 2.5 NM (5.1) 2.5 NM
    Total income 135.1 129.6 4% 135.1 129.6 4%
    Revenue by region2            
    Europe 79.9 68.5 17% 79.9 68.5 17%
    Americas 11.4 41.3 (72%) 11.4 41.3 (72%)
    Asia 43.7 19.9 120% 43.7 19.9 120%
    Fixed employee expenses 24.3 20.7 18% 24.3 20.7 18%
    Technology expenses 17.4 15.8 10% 17.4 15.8 10%
    Other expenses 9.1 7.7 19% 9.1 7.7 19%
    Fixed operating expenses 50.8 44.1 15% 50.8 44.1 15%
    Variable employee expenses 22.0 23.8 (8%) 22.0 23.8 (8%)
    Total operating expenses 72.7 67.9 7% 72.7 67.9 7%
    EBITDA 62.3 61.6 1% 62.3 61.6 1%
    Interest expenses 0.4 – NM 0.4 – NM
    Lease expenses 0.5 0.6 (8%) 0.5 0.6 (8%)
    Depreciation & amortisation 4.7 4.3 11% 4.7 4.3 11%
    Impairment of intangible assets 10.5 – NM 10.5 – NM
    Profit/(loss) on equity-accounted investments (1.8) (0.4) 375% (1.8) (0.4) 375%
    Profit before tax 44.3 56.4 (21%) 44.3 56.4 (21%)
    Tax expense 8.0 10.6 (24%) 8.0 10.6 (24%)
    Net profit 36.3 45.9 (21%) 36.3 45.9 (21%)
    Basic EPS3 (€) 0.84 1.05 (21%) 0.84 1.05 (21%)
    Fully diluted EPS4 (€) 0.82 1.04 (21%) 0.82 1.04 (21%)
    EBITDA margin 46% 48%   46% 48%  

    Revenue by Region

    €million 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25
    Europe 58.5 33.1 33.6 42.6 68.4 48.6 70.2 86.9 79.9
    Americas 32.8 9.3 22.0 18.1 41.3 13.4 20.8 18.2 11.4
    Asia 19.2 9.0 12.1 13.6 19.9 14.2 23.6 53.8 43.7

    Value Traded Overview

    €billion 1Q25 1Q24 Change YTD25 YTD24 Change
    Flow Traders ETP Value Traded 507 409 24% 507 409 24%
    Europe 245 152 61% 245 152 61%
    Americas 213 229 (7%) 213 229 (7%)
    Asia 49 27 81% 49 27 81%
    Flow Traders non-ETP Value Traded 1,217 1,146 6% 1,217 1,146 6%
    Flow Traders Value Traded 1,724 1,555 11% 1,724 1,555 11%
    Equity 861 819 5% 861 819 5%
    FICC 774 691 12% 774 691 12%
    Other 89 45 100% 89 45 100%
    Market ETP Value Traded5 14,425 11,981 20% 14,425 11,981 20%
    Europe 882 597 48% 882 597 48%
    Americas 11,065 9,965 11% 11,065 9,965 11%
    Asia 2,478 1,419 75% 2,478 1,419 75%
    Asia ex China 645 439 47% 645 439 47%

    Trading Capital

      1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25
    Trading Capital (€m) 647 574 585 584 609 624 668 775 803
    Return on Avg Trading Capital1 67% 65% 56% 49% 50% 58% 62% 69% 68%
    Average VIX7 21.0 16.7 15.1 15.4 13.9 14.2 17.1 17.3 18.5

    Market Environment

    Europe

    Equity trading volumes in the quarter across major exchanges saw meaningful increases when compared to the same period a year ago, while market volatility also increased . Fixed Income trading volumes on MTFs increased slightly compared to the same period a year ago.

    Americas

    Equity trading volumes in the U.S. increased compared to the same period a year ago, but at a much lower level when compared to the other regions, while market volatility increased. Fixed Income trading volumes in the U.S. also increased slightly when compared to the same period a year ago, while volatility declined.

    Asia

    Equity trading volumes in Asia were mixed as Hong Kong and China saw significant increases while Japan experienced declines when compared to the same period a year ago. Market volatility increased across the board in Hong Kong, China and Japan when compared to the same period a year ago.

    Digital Assets

    Within Digital Assets, which trades across regions on a 24/7 basis, trading volumes in cryptocurrencies increased when compared to the same period a year ago. However, net fund flows into cryptocurrency ETFs declined significantly compared to a year ago given the spot Bitcoin ETF launches in the U.S. in January 2024.

    Outlook

    Fixed operating expenses guidance for the year remains unchanged and is expected to be in the range of €190-210m given additional technology investments and targeted additions of subject matter experts in growth areas, partially offset by expected operational efficiency gains.

    CEO Statement

    Mike Kuehnel, CEO
    “Flow Traders posted a strong set of results in the first quarter, with the strength in the Equity segment in Europe and Asia in the quarter offsetting the lower contribution from Digital Assets when compared to the first quarter of 2024. The results serve as further confirmation of our diversification strategy and our ability to capture opportunities as they arise. The 68% return on average trading capital in the quarter also further validates our strategic decision to retain more profits to reinvest back into the company under the Trading Capital Expansion Plan, announced in July last year.

    During the quarter, market trading volumes increased meaningfully across Europe and Asia given the macroeconomic uncertainty raised by the prospect of tariffs from the U.S. and the potential impact to the global economy. Volumes were particularly elevated in Hong Kong and China given the continued investor interest in China following the stimulus unveiled by the government in the fourth quarter of last year. Similarly, volumes increased meaningfully in Europe given the market outperformance, as investors looked to rotate their investments given the seismic geopolitical shift in the U.S. and its ramifications on Europe. The Americas had a more muted quarter when compared with the other regions as we allocated more of our capital to regions with greater dislocations. Regardless of where the activities were in the quarter, Flow Traders continued to provide liquidity to our counterparty base and was able to leverage trading opportunities given the breadth of our global trading operation.

    In Digital Assets, while the value of cryptocurrencies pulled back post the U.S. presidential inauguration, we continue to see positive sentiment shifts by regulators in not only the U.S. but also in places like Hong Kong, Japan and Korea. The first Consensus conference in Asia, held in Hong Kong in February, demonstrated the increasing institutional interest and adoption of digital assets and the underlying technology in the region. As one of the earliest adopters, Flow Traders remains instrumental in providing liquidity to this asset class on a 24/7 basis and bridging the gap between traditional finance and digital assets ecosystems.

    Looking forward to the rest of 2025, we remain committed to enhancing our trading capabilities by strategically investing in cutting-edge technology and talent. This approach aligns seamlessly with our growth and diversification strategy. We anticipate that these investments, coupled with our Trading Capital Expansion Plan, will drive top-line growth for the firm over time.”

    Preliminary Financial Calendar

    13 June 2025                AGM
    31 July 2025                1H25 Results

    Analyst Conference Call and Webcast

    The 1Q25 trading update analyst conference call will be held at 10:00 am CEST on Thursday 24 April 2025. The presentation can be downloaded at https://www.flowtraders.com/investors/results-centre and the conference call can be followed via a listen-only audio webcast. A replay of the conference call will be available on the company website for at least 90 days.

    Contact Details

    Flow Traders Ltd.

    Investors
    Eric Pan
    Phone:         +31 20 7996799
    Email:        investor.relations@flowtraders.com

    Media
    Laura Peijs
    Phone:         +31 20 7996799
    Email:        press@flowtraders.com

    About Flow Traders

    Flow Traders is a leading trading firm providing liquidity in multiple asset classes, covering all major exchanges. Founded in 2004, Flow Traders is a leading global ETP market marker and has leveraged its expertise in trading European equity ETPs to expand into fixed income, commodities, digital assets and FX globally. Flow Traders’ role in financial markets is to ensure the availability of liquidity and enabling investors to continue to buy or sell financial instruments under all market circumstances, thereby ensuring markets remain resilient and continue to function in an orderly manner. In addition to its trading activities, Flow Traders has established a strategic investment unit focused on fostering market innovation and aligned with our mission to bring greater transparency and efficiency to the financial ecosystem. With over two decades of experience, we have built a team of over 600 talented professionals, located globally, contributing to the firm’s entrepreneurial culture and delivering the company’s mission.

    Notes

    1. Return on average trading capital defined as LTM NTI divided by the average of the prior and current end of period trading capital.
    2. Revenue by region includes NTI, Other Income, and inter-company revenue.
    3. Weighted average shares outstanding: 1Q25 – 43,394,080; 4Q24 – 43,066,302; 1Q24 – 43,515,359.
    4. Determined by adjusting the basic EPS for the effects of all dilutive share-based payments to employees.
    5. Source – Flow Traders analysis.
    6. Starting in 3Q24, average VIX is calculated as the average of VIX daily closing prices.

    Important Legal Information

    This press release is prepared by Flow Traders Ltd. and is for information purposes only. It is not a recommendation to engage in investment activities and you must not rely on the content of this document when making any investment decisions. The information in this document does not constitute legal, tax, or investment advice and is not to be regarded as investor marketing or marketing of any security or financial instrument, or as an offer to buy or sell, or as a solicitation of any offer to buy or sell, securities or financial instruments.

    The information and materials contained in this press release are provided ‘as is’ and Flow Traders Ltd. or any of its affiliates (“Flow Traders”) do not warrant the accuracy, adequacy or completeness of the information and materials and expressly disclaim liability for any errors or omissions. This press release is not intended to be, and shall not constitute in any way a binding or legal agreement, or impose any legal obligation on Flow Traders. All intellectual property rights, including trademarks, are those of their respective owners. All rights reserved. All proprietary rights and interest in or connected with this publication shall vest in Flow Traders. No part of it may be redistributed or reproduced without the prior written permission of Flow Traders.

    This press release may include forward-looking statements, which are based on Flow Traders’ current expectations and projections about future events, and are not guarantees of future performance. Forward looking statements are statements that are not historical facts, including statements about our beliefs and expectations. Words such as “may”, “will”, “would”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “project”, “believe”, “could”, “hope”, “seek”, “plan”, “foresee”, “aim”, “objective”, “potential”, “goal” “strategy”, “target”, “continue” and similar expressions or their negatives are used to identify these forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside the control of Flow Traders. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements. Accordingly, no undue reliance should be placed on any forward-looking statements. Forward-looking statements speak only as at the date at which they are made. Flow Traders expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which such statements are based unless required to do so by applicable law.

    Financial objectives are internal objectives of Flow Traders to measure its operational performance and should not be read as indicating that Flow Traders is targeting such metrics for any particular fiscal year. Flow Traders’ ability to achieve these financial objectives is inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond Flow Traders’ control, and upon assumptions with respect to future business decisions that are subject to change. As a result, Flow Traders’ actual results may vary from these financial objectives, and those variations may be material.

    Efficiencies are net, before tax and on a run-rate basis, i.e. taking into account the full-year impact of any measure to be undertaken before the end of the period mentioned. The expected operating efficiencies and cost savings were prepared on the basis of a number of assumptions, projections and estimates, many of which depend on factors that are beyond Flow Traders’ control. These assumptions, projections and estimates are inherently subject to significant uncertainties and actual results may differ, perhaps materially, from those projected. Flow Traders cannot provide any assurance that these assumptions are correct and that these projections and estimates will reflect Flow Traders’ actual results of operations.

    By accepting this document you agree to the terms set out above. If you do not agree with the terms set out above please notify legal.amsterdam@nl.flowtraders.com immediately and delete or destroy this document.

    All results published in this release are unaudited.

    Market Abuse Regulation

    This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Attachment

    The MIL Network –

  • MIL-Evening Report: Many experienced tradies don’t have formal qualifications. Could fast-tracked recognition ease the housing crisis?

    Source: The Conversation (Au and NZ) – By Pi-Shen Seet, Professor of Entrepreneurship and Innovation, Edith Cowan University

    Once again, housing affordability is at the forefront of an Australian federal election.

    Both major parties have put housing policies at the centre of their respective campaigns. But there are still concerns too little is being done to address supply.

    One of the biggest hurdles is an ongoing shortage of skilled tradespeople, and difficulties attracting new workers. The construction industry accounts for 9% of Australia’s workforce. Yet an estimated 35% of workers lack formal qualifications.

    On Wednesday, Labor announced an election promise to fast-track formal trade qualifications for about 6,000 experienced but unqualified tradies.

    The Advanced Entry Trades Training program would start in 2026 and cost A$78 million.

    This program should help address some of the skills shortages in the sector. But it will be a long time before these benefits begin flowing through the system. And Australia is still likely to fall short of the government’s ambitious new home targets.

    Recognising skills we already have

    The Advanced Entry Trades Training program is intended to partly bridge the gap in construction skills shortages through a process called “recognition of prior learning” – and by offering free training to fill any skill gaps.

    In principle, recognition of prior learning allows individuals with substantial and relevant industry experience to attain formal qualifications without lengthy training programs.

    A similar approach was adopted in the healthcare sector as an emergency response to the pandemic, to boost the number of qualified workers.

    For the construction industry, it will encompass workers currently in the industry who have not completed an apprenticeship, as well as skilled migrants in Australia whose abilities remain unverified.

    This process can improve pay and conditions for participants. But it can also potentially fast-track their entry into the qualified workforce, addressing immediate skills shortages.



    Read more:
    A grab bag of campaign housing policies. But will they fix the affordability crisis beyond the election?

    Will it work?

    Labor’s new initiative mirrors an existing program at the state level, the New South Wales government’s Trade Pathways for Experienced Workers Program.

    According to Labor, this program saw 1,200 students earn their qualifications in an average time of seven months (as opposed to several years).

    It’s important to note this includes trades from all sectors of the NSW economy. But it is much faster than the traditional process of skill recognition. The Parkinson Review of Australia’s migration system found this process can take up to 18 months for a skilled migrant and cost over $9,000.



    Read more:
    Australia has a new National Skills Agreement. What does this mean for vocational education?

    Increased housing supply? Not soon

    Combined with other initiatives such as incentive payments for construction apprentices, the new Advanced Entry Trades Training program should help address some skills shortages in the sector.

    Australia’s peak construction industry body, Master Builders Australia, praised the proposal, citing its own analysis suggesting for every new qualified tradie, an extra 2.4 homes can be built.

    Even with these initiatives, the sector will likely fall short of the 83,000 additional skilled tradespeople needed to meet the Albanese government’s target to build 1.2 million new homes over five years.

    And it may mainly solve a categorisation issue. Currently, only about 80% of employers in the construction sector in Australia require all job applicants to hold a formal qualification.

    Crucially, it doesn’t address the core problem of attracting higher numbers of suitable people to a very traditional industry and helping them finish their qualifications. Almost half of construction sector apprentices do not complete their training.

    Other challenges

    There are other challenges for recognition of prior learning schemes more broadly.

    Research into recognition of prior learning for construction sector apprentices suggests some Australian employers and training providers may be averse to fast-tracking training. About 64% of assessed apprentices had prior experience and skills, but only 30% had their training shortened.

    These issues are even more complex when considering accelerated pathways for skilled migrants from a range of countries. There are some significant, well-documented challenges in transferring or recognising vocational qualifications across international boundaries.

    More to be done

    The Advanced Entry Trades Training program may go some way to alleviating a skills shortage in construction. But it will only partially address the broader issues of supply.

    Australia’s vocational education and training systems are complex, making it difficult to predict the outcomes.

    The proposed program does not address the problem of rising construction material costs and shortages. This problem is worsened by the declining productivity of the housing construction sector, which has halved over the last 30 years.

    Declining productivity isn’t just down to skilled labour shortages. It has also been attributed to other factors such as complex planning approvals, limited innovation, and a predominance of small firms.

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

    – ref. Many experienced tradies don’t have formal qualifications. Could fast-tracked recognition ease the housing crisis? – https://theconversation.com/many-experienced-tradies-dont-have-formal-qualifications-could-fast-tracked-recognition-ease-the-housing-crisis-255108

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Back to the fuel guzzlers? Coalition plans to end EV tax breaks would hobble the clean transport transition

    Source: The Conversation (Au and NZ) – By Anna Mortimore, Lecturer, Griffith Business School, Griffith University

    wedmoment.stock/Shutterstock

    If elected, the Coalition has pledged to end Labor’s substantial tax break for new zero- or low-emissions vehicles.

    This, combined with an earlier promise to roll back new fuel efficiency standards, would successfully slow the transition to hybrid and battery electric vehicles (EVs).

    The Albanese government pitched these tax breaks as a way to make EVs cheaper to buy and more competitive with internal combustion engine cars. Since the tax break came in, EV popularity has surged. Almost 100,000 people have taken out a novated lease on an EV between mid-2022, when the scheme began, and February 2025.

    The Coalition has been consistently critical of the tax breaks on cost grounds. The scheme has been far more popular than government forecasts envisaged, leading to concerns about a cost blowout. Rather than the A$55 million forecast for 2024-25, the scheme has cost ten times that – $560 million. EV buyers are much more likely to be wealthy, meaning the tax break has been snapped up by people who need it less. The policy is, however, encouraging car suppliers to import more affordable EVs.

    These concerns don’t mean Labor’s policy is bad. Far from it – this tax break is currently the only policy working to drive down transport emissions, now the second-largest source of emissions in Australia. The Coalition has given no indication it would replace the EV tax break with other ways to cut transport emissions.

    Electric vehicles still cost more than their internal combustion engine counterparts.
    meowKa/Shutterstock

    What is this tax break – and did it work?

    In mid-2022, the Albanese government introduced a tax break to encourage uptake of electric vehicles. The measure initially covered hydrogen fuel-cell, battery-electric and plug-in hybrid vehicles, but plug-in hybrids are no longer eligible as of April 1.

    The tax break works by giving EV buyers who are current employees a fringe benefits tax exemption for low- or zero-emissions vehicles both held and used for private use. The fringe benefits tax is a flat tax of 47% levied on the car benefit provided by the employer. For the exemption to apply, the retail price of the car has to be under the threshold for the luxury car tax of $91,387.

    People in high incomes brackets often like to negotiate with their employer to have a car included as part of their salary package so they can reduce their taxable income. The fringe benefits tax is levied on these types of benefits.

    The scheme works by exempting purchasers of new EVs from fringe benefits tax. A battery electric Hyundai Kona retailed for around $60,000 last year – 32% more in price than its internal combustion engine equivalent. The fringe benefits tax of around $11,700 annually ends up being larger because of the EV’s high sale price. Without this exemption, the tax acts as a major disincentive for the uptake of EVs.
    By and large, electric vehicles cost significantly more than their traditional counterparts. This price gap is dropping as new manufacturers enter the market, but it’s still there. While EVs have lower fuel costs, the higher upfront cost has put off many prospective buyers. This is the issue Labor’s tax exemption was intended to fix.

    Has the scheme worked? Overall, yes. In 2022, EVs accounted for just 3.3% of all new cars sold in Australia. By 2023, almost two-thirds of battery electric, vehicles were sold to private buyers, a 145% increase. And in 2024, the figure had almost tripled to 9.6%. Without this tax incentive, Australia’s uptake of EVs would most likely be much lower.

    If a future Coalition government ended the tax break, Australia would return to the pre-2022 era, where fringe benefits tax acted as a significant disincentive for EVs.

    The tax break isn’t perfect – but it’s better than nothing

    Australia’s main power grid now runs on an average of 40% clean energy. As a result, emissions have been tracking downward in these sectors. But transport emissions are still rising. Transport is now Australia’s second-largest source of emissions – almost 100 million tonnes (Mt) out of our total emissions of 434 Mt. By 2030, transport is projected to be the largest source of domestic emissions.

    Under the 2015 Paris Agreement, nations agreed at least 20% of light vehicles on their roads would be low- or zero-emissions by 2030. But Australia is lagging well behind the pack on the shift to cleaner transport.

    At present, just 1% of Australia’s car fleet is electric. Even EVs make up close to 10% of new sales, changing the makeup of the entire fleet (16.8 million) will take years.

    By contrast, almost 90% of new cars sold in Norway are electric, according to a 2024 report from the International Energy Agency. In China it’s just under 60%, Sweden it’s 60%, Netherlands 30%, the UK 25% and the United States 10%.

    These countries have used a combination of tax incentives and fuel efficiency regulations to drive rapid uptake. While Labor has moved to introduce both of these, progress hasn’t been as fast.

    Back to the fuel guzzlers?

    Australians rely heavily on cars. But the long lack of fuel efficiency standards mean many models sold here emit much more than in other OECD countries – 150 grams per kilometre versus 107 across 29 European Union nations as of 2023. Put another way, a new car in Australia uses 40% more fuel than its equivalent in the EU. Many drivers prefer big cars, such as the top-selling Ford Ranger.

    If the Coalition ends the tax break and pulls the teeth of new emissions standards, it would bring recent modest progress to a halt.

    The Coalition has rightly pointed out the inequity of the tax break as it stands. My research has shown this could be fixed. Throwing the scheme out without proposing another way to cut transport emissions is disheartening.

    Anna Mortimore receives funding from Reliable Affordable Clean Energy Cooperative Research Centre for 2030 (RACE for 2030).

    – ref. Back to the fuel guzzlers? Coalition plans to end EV tax breaks would hobble the clean transport transition – https://theconversation.com/back-to-the-fuel-guzzlers-coalition-plans-to-end-ev-tax-breaks-would-hobble-the-clean-transport-transition-255211

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Nokia Corporation Interim Report for Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation

    Interim report
    24 April 2025 at 08:00 EEST

    Nokia Corporation Interim Report for Q1 2025

    Network Infrastructure delivers strong net sales growth to start 2025

    • Infinera acquisition completed during Q1, increasing Nokia’s scale in Optical Networks and with hyperscalers. Integration underway with many portfolio decisions already taken. Positive momentum with customers, with Q1 seeing strong order intake for Infinera driven by growth in hyperscalers.
    • Q1 net sales declined 3% y-o-y on a constant currency and portfolio basis (-1% reported) due to a challenging prior year comparison in Nokia Technologies. Network Infrastructure grew 11% on a constant currency and portfolio basis while Cloud and Network Services grew 8%. Mobile Networks grew 2%.
    • Comparable gross margin in Q1 decreased 820bps y-o-y to 42.3% (reported decreased 820bps to 41.5%), half of which is related to lower net sales in Nokia Technologies. It was also impacted by a contract settlement charge with net impact of EUR 120 million in Mobile Networks.
    • Q1 comparable operating margin decreased 990bps y-o-y to 3.6% (reported up 1 020bps to -1.1%), mainly due to lower gross margin and increased operating expenses resulting from targeted investments for long-term growth.
    • Q1 comparable diluted EPS for the period of EUR 0.03; reported diluted EPS for the period of EUR -0.01.
    • Q1 free cash flow of EUR 0.7 billion, net cash balance of EUR 3.0 billion.
    • Full year 2025 outlook unchanged with comparable operating profit of between EUR 1.9 billion and 2.4 billion and free cash flow conversion from comparable operating profit of between 50% and 80%.

    This is a summary of the Nokia Corporation Interim Report for Q1 2025 published today. Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group’s financial information as well as on Nokia’s outlook. The detailed, segment-level discussion will be available in the complete financial report hosted at www.nokia.com/financials. A video interview summarizing the key points of our Q1 results will also be published on the website. Investors should not solely rely on summaries of Nokia’s financial reports and should also review the complete reports with tables.

    JUSTIN HOTARD, PRESIDENT AND CEO, ON Q1 2025 RESULTS

    In the following quote, net sales growth rates are on a constant currency and portfolio basis.
    Since joining Nokia as President and CEO three weeks ago, I’ve had great engagements with some of our customers, partners and employees. I see great potential for Nokia, and my early focus is on capital allocation to ensure we both drive efficiency and invest sufficiently in the right growth segments for long-term value creation. I am impressed with our core technology base across our portfolio including in RAN and core as well as in IP, Optical and Fiber technologies. In speaking with customers, it is clear we play a critical role as a trusted partner operating their mobile and fixed networks and have the potential to expand our presence in hyperscale, enterprise and defense markets. Spending the time with our employees I’ve been excited by their innovative spirit, energy and drive to unlock Nokia’s full potential.

    Our first quarter financial performance saw a net sales decline of 3%. However, excluding the catch-up element of licensing deals signed in the prior year, sales grew 7%. Our operating margin declined year-on-year due to the challenging prior year comparison in Nokia Technologies and a one-time charge in Mobile Networks, while profitability improved in both Network Infrastructure and Cloud and Network Services.

    Network Infrastructure net sales grew 11% with all units contributing to growth and its backlog increased. The highlight of the first quarter was the completion of the Infinera acquisition. Our expanded Optical Networks business had a strong first quarter with 15% net sales growth along with several important design wins, particularly with hyperscalers. We have initiated the integration of Infinera and made many important roadmap decisions which we communicated to customers in early April. We are on track to deliver our synergy targets and I believe this acquisition has significant value creation potential for Nokia.

    In Mobile Networks we continue to see positive signs of stabilization with further wins in addition to those we discussed last quarter. Today we have announced an important contract extension with T-Mobile US. Regarding our financial performance, net sales grew 2% but profitability was impacted by an unexpected one-time contract settlement with a net impact of EUR 120 million. The settlement related to a project for a single customer that started shipping in 2019 and the settlement fully resolves the situation.

    Cloud and Network Services delivered net sales growth of 8% and we continue to see strong demand in the market for our 5G Core offers with additional footprint won at AT&T, Boost Mobile, Ooredoo Qatar and Telefónica. Nokia Technologies continued its execution with further deals signed in the quarter that increased the contracted annual net sales run-rate to approximately EUR 1.4 billion.

    Looking forward, we are not immune to the rapidly evolving global trade landscape however based on early customer feedback, I believe our markets should prove to be relatively resilient. In 2025, we continue to expect strong net sales growth in Network Infrastructure, growth in Cloud and Network Services and largely stable net sales for Mobile Networks. In Nokia Technologies we expect approximately EUR 1.1 billion of operating profit.

    Regarding the tariff situation, there could be some short-term disruption. We will continue to utilize the flexibility of our global manufacturing network to minimize impact of the evolving tariff landscape. Based on what we see today, we currently expect a EUR 20 to 30 million impact to our comparable operating profit in the second quarter from the current tariffs. Given the lack of visibility, we have not taken an assumption related to tariffs in the second half of 2025.

    In terms of our outlook for the financial year 2025, we will continue to focus on investing in future growth opportunities and we now have an unexpected charge impacting Mobile Networks. Considering these factors, while achieving the top-end of the range will now be more challenging, our comparable operating profit guidance remains between EUR 1.9 and 2.4 billion. Our free cash flow guidance remains between 50% and 80% of comparable operating profit.

    In the coming months I will continue to listen and learn from customers, employees, shareholders and other stakeholders. I will provide an update with our Q2 results and I look forward to presenting our complete value creation vision for Nokia at our capital markets day which we now expect to hold in November.

    Justin Hotard
    President and CEO

    FINANCIAL RESULTS

    EUR million (except for EPS in EUR) Q1’25 Q1’24 YoY change
    Reported results      
    Net sales 4 390 4 444 (1)%
    Gross margin % 41.5% 49.7% (820)bps
    Research and development expenses (1 145) (1 125) 2%
    Selling, general and administrative expenses (728) (693) 5%
    Operating (loss)/profit (48) 405 (112)%
    Operating margin % (1.1)% 9.1% (1 020)bps
    (Loss)/profit from continuing operations (60) 451  
    Profit/(loss) from discontinued operations — (13)  
    (Loss)/profit for the period (60) 438  
    EPS for the period, diluted (0.01) 0.08  
    Net cash and interest-bearing financial investments 2 988 5 137 (42)%
    Comparable results      
    Net sales 4 390 4 444 (1)%
    Constant currency and portfolio YoY change(1)             (3%)
    Gross margin % 42.3% 50.5% (820)bps
    Research and development expenses (1 115) (1 076) 4%
    Selling, general and administrative expenses (587) (584) 1%
    Operating profit 156 600 (74)%
    Operating margin % 3.6% 13.5% (990)bps
    Profit for the period 153 512 (70)%
    EPS for the period, diluted 0.03 0.09 (67)%
    Business group results Network
    Infrastructure    		 Mobile
    Networks    		 Cloud and Network Services Nokia
    Technologies    		 Group Common and Other
    EUR million Q1’25 Q1’24 Q1’25 Q1’24 Q1’25 Q1’24 Q1’25 Q1’24 Q1’25 Q1’24
    Net sales 1 722 1 439 1 729 1 682 567 546 369 757 4 23
    YoY change 20%   3%   4%   (51)%   (83)%  
    Constant currency and portfolio YoY change(1) 11%   2%   8%   (52)%   (83)%  
    Gross margin % 40.6% 40.8% 30.9% 40.9% 45.9% 39.4% 100.0% 100.0%    
    Operating profit/(loss) 135 85 (152) (32) 14 (37) 259 658 (99) (75)
    Operating margin % 7.8% 5.9% (8.8)% (1.9)% 2.5% (6.8)% 70.2% 86.9%    

    (1) This metric provides additional information on the growth of the business and adjusts for both currency impacts and portfolio changes. The full definition is provided in the Alternative performance measures section in Nokia Corporation Interim Report for Q1 2025.

    SHAREHOLDER DISTRIBUTION

    Dividend

    The Board of Directors proposes that the Annual General Meeting 2025 to be held on 29 April 2025 authorizes the Board to resolve on the distribution of an aggregate maximum of EUR 0.14 per share to be paid in respect of the financial year 2024. The authorization would be used to distribute dividend and/or assets from the reserve for invested unrestricted equity in four installments during the authorization period unless the Board decides otherwise for a justified reason. Subject to approval by the Annual General Meeting, the Board is expected to resolve on the amount and timing of each distribution so that the preliminary record and payment dates will be as set out in the Board’s proposal to the Annual General Meeting. Accordingly, the first expected record date would be 5 May 2025 and the expected payment date would be 12 May 2025. The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments.

    Share buyback program

    On 27 June 2024, Nokia announced its intention to acquire Infinera in a transaction that valued Infinera at US$1.7 billion equity value with up to 30% of the consideration to be paid in Nokia American depositary shares, depending on the elections of Infinera shareholders. To offset the dilution from the transaction to Nokia shareholders, on 22 November 2024 Nokia announced a share buyback program targeting to repurchase 150 million shares. This share buyback program was completed on 2 April 2025. Under this program, Nokia repurchased 150 million of its own shares at an average price per share of approximately EUR 4.69. The repurchases reduced the company’s unrestricted equity by approximately EUR 703 million and the repurchased shares were cancelled on 23 April 2025.

    OUTLOOK

    The outlook provided below reflects the acquisition of Infinera.

      Full Year 2025
    Comparable operating profit(1) EUR 1.9 billion to EUR 2.4 billion
    Free cash flow(1) 50% to 80% conversion from comparable operating profit

    1Please refer to Alternative performance measures section in Nokia Corporation Interim Report for Q1 2025 for a full explanation of how these terms are defined.

    The outlook and all of the underlying outlook assumptions described below are forward-looking statements subject to a number of risks and uncertainties as described or referred to in the Risk Factors section later in this report.

    Along with Nokia’s official outlook targets provided above, Nokia provides the below additional assumptions that support the group level financial outlook.

      Full year 2025 Comment
    Group Common and Other operating expenses approximately EUR 400 million  
    Comparable financial income and expenses Positive EUR 50 to 150 million  
    Comparable income tax rate ~25%  
    Cash outflows related to income taxes EUR 500 million (update) Mainly reflecting evolving regional mix and the inclusion of Infinera
    Capital Expenditures EUR 650 million (update) Reflecting the inclusion of Infinera
    Recurring gross cost savings EUR 400 million Related to ongoing cost savings program and not including Infinera-related synergies
    Restructuring and associated charges related to cost savings programs EUR 250 million Related to ongoing cost savings program and not including Infinera-related synergies
    Restructuring and associated cash outflows EUR 400 million Related to ongoing cost savings program and not including Infinera-related synergies

    ADDITIONAL TOPICS

    Completion of Infinera acquisition

    On 28 February 2025, Nokia announced the completion of the acquisition of Infinera Corporation, pursuant to the definitive agreement announced on 27 June 2024. Infinera, the San Jose based global supplier of innovative open optical networking solutions and advanced optical semiconductors, has become part of the Nokia group effective as of the closing with Nokia holding 100% of its equity and voting rights. The total purchase consideration was EUR 2.5 billion, consisting of cash proceeds, Nokia shares in the form of American Depositary Shares, the fair value of the portion of Infinera’s performance and restricted shares attributable to pre-combination services that were replaced with Nokia’s share-based payment awards and the fair value of Infinera’s convertible senior notes in line with relevant bond indentures. For more information regarding the acquisition, refer to Note 3. Acquisitions in Nokia Corporation Interim Report for Q1 2025.

    “Constant currency and portfolio net sales growth” alternative performance metric

    In Q1 2025, Nokia has introduced a new alternative performance metric (APM), “constant currency and portfolio net sales growth”. Constant currency and portfolio net sales growth is presented on a constant currency basis and also assumes certain specific acquisitions had already been owned during both periods and as if disposals had already occurred in both comparison periods. This has been added to mainly consider the acquisition of Infinera and is an evolution of the constant currency APM that had been previously used.

    RISK FACTORS

    Nokia and its businesses are exposed to a number of risks and uncertainties which include but are not limited to:

    • Competitive intensity, which is expected to continue at a high level as some competitors seek to take share;
    • Changes in customer network investments related to their ability to monetize the network;
    • Our ability to ensure competitiveness of our product roadmaps and costs through additional R&D investments;
    • Our ability to procure certain standard components and the costs thereof, such as semiconductors;
    • Disturbance in the global supply chain;
    • Impact of inflation, increased global macro-uncertainty, major currency fluctuations, changes in tariffs and higher interest rates;
    • Potential economic impact and disruption of global pandemics;
    • War or other geopolitical conflicts, disruptions and potential costs thereof;
    • Other macroeconomic, industry and competitive developments;
    • Timing and value of new, renewed and existing patent licensing agreements with licensees;
    • Results in brand and technology licensing; costs to protect and enforce our intellectual property rights; on-going litigation with respect to licensing and regulatory landscape for patent licensing;
    • The outcomes of on-going and potential disputes and litigation;
    • Our ability to execute, complete, successfully integrate and realize the expected benefits from transactions;
    • Timing of completions and acceptances of certain projects;
    • Our product and regional mix;
    • Uncertainty in forecasting income tax expenses and cash outflows, over the long-term, as they are also subject to possible changes due to business mix, the timing of patent licensing cash flow and changes in tax legislation, including potential tax reforms in various countries and OECD initiatives;
    • Our ability to utilize our Finnish deferred tax assets and their recognition on our balance sheet;
    • Our ability to meet our sustainability and other ESG targets, including our targets relating to greenhouse gas emissions;

    as well the risk factors specified under Forward-looking statements of this release, and our 2024 annual report on Form 20-F published on 13 March 2025 under Operating and financial review and prospects-Risk factors.

    FORWARD-LOOKING STATEMENTS

    Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia’s current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, projects, programs, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics, geopolitical conflicts and the general or regional macroeconomic conditions on our businesses, our supply chain, the timing of market changes or turning points in demand and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, cost savings, the timing of receivables, operating expenses, provisions, impairments, tariffs, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, value creation, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to transactions, investments and changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including “anticipate”, “continue”, “believe”, “envisage”, “expect”, “aim”, “will”, “target”, “may”, “would”, “could“, “see”, “plan”, “ensure” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in the Risk Factors above.

    ANALYST WEBCAST

    • Nokia’s webcast will begin on 24 April 2025 at 11.30 a.m. Finnish time (EEST). The webcast will last approximately 60 minutes.
    • The webcast will be a presentation followed by a Q&A session. Presentation slides will be available for download at www.nokia.com/financials.
    • A link to the webcast will be available at www.nokia.com/financials.
    • Media representatives can listen in via the link, or alternatively call +1-412-317-5619.

    FINANCIAL CALENDAR

    • Nokia’s Annual General Meeting 2025 is planned to be held on 29 April 2025.
    • Nokia plans to publish its second quarter and half year 2025 results on 24 July 2025.
    • Nokia plans to publish its third quarter and January-September 2025 results on 23 October 2025.

    About Nokia

    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia
    Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia

    Investor Relations
    Phone: +358 931 580 507
    Email: investor.relations@nokia.com

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  • MIL-OSI: Bigbank’s Unaudited Financial Results for Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    Bigbank’s total gross loan portfolio grew to a record 2.3 billion euros by the end of the first quarter, up 102 million euros (+5%) quarter on quarter and 550 million euros (+32%) year on year. The business loan portfolio grew by 44 million euros (+6%) to 808 million euros, the home loan portfolio by 51 million euros (+8%) to 664 million euros and the consumer loan portfolio by 12 million euros (+1%) to 840 million euros compared to the previous quarter.

    Bigbank’s deposit portfolio grew in the first quarter mainly through savings deposits. In countries with smaller deposit portfolios, Bigbank offered attractive savings deposit rates in the first quarter – the highest rate was 3.25%, which was offered throughout the quarter in Estonia. While interest rates were lower in the Netherlands and Germany, which have the largest savings deposit portfolios, customers in those countries also showed strong interest in Bigbank’s savings deposits, despite fierce competition and decreasing interest rates.

    Compared to the previous quarter, the Group’s savings deposit portfolio grew by 124 million euros (+12%) to 1.14 billion euros and term deposit portfolio increased by 33 million euros (+2%) to 1.4 billion euros. Current accounts launched for existing customers in Estonia in December last year amounted to 3 million euros at the end of the first quarter. The Group’s total deposit portfolio grew by 159 million euros (+7%) quarter on quarter and by 400 million euros (+19%) year on year to 2.55 billion euros.

    In the first quarter of 2025, Bigbank earned a net profit of 9.8 million euros. Compared to the first quarter of 2024, net profit increased by 3.4 million euros, driven by an improvement in the payment performance of the consumer loan portfolio through a decrease of 1.1 million euros in the net allowance for expected credit losses and a decrease of 2.4 million euros in provisions.

    Compared to the first quarter of 2024, interest income grew by 3.3 million euros (+8%) to 46.2 million euros. Due to the growth in the deposit portfolio and the increase in the volume of bonds issued, interest expense grew also by 3.3 million euros (+19%) to 20.6 million euros. Compared to the same period last year, Bigbank’s net interest income remained stable at 25.6 million euros.

    A positive development in the first quarter was the improvement in the payment performance of the Baltic consumer loan portfolios. As a result, the Group’s net allowance for expected credit losses decreased by 1.1 million euros year on year to 4.6 million euros. In addition, while provisions of 2.4 million euros had to be recognised in the first quarter of 2024, no such costs were incurred in the first quarter of 2025. The credit quality of home loans continued to be very good, and the business loan portfolio was fairly stable.

    Compared to the end of 2024, the portfolio of loans more than 90 days past due grew by 4.7 million euros to 58.8 million euros and accounted for 2.5% of the total loan portfolio (+0.1 pp from the end of 2024). The share of stage 3 (non-performing) loans grew by 10.1 million euros in the first quarter and accounted for 5.1% of the total loan portfolio at the end of the quarter (+0.2 pp from the end of 2024). A relatively high level of the stage 3 portfolio is mainly related to a few bigger loans which are well secured and therefore do not increase expected credit losses. As the share of stage 3 loans surpassed the 5% threshold, Bigbank activated an action plan to bring the level below 5%. This movement was not unexpected as the Group has significantly reduced the sale of non-performing loans in recent quarters. Slower growth in loans more than 90 days past due and their overall lower level reflect that, in addition to loans with long-term payment delays, a significant share of stage 3 loans is made up of loans without long-term payment delays.

    The investment property portfolio increased to 72.6 million euros by the end of the first quarter (+9% compared to the end of 2024). The Group did not recognise any gains or losses from changes in the fair value of investment property during the period.

    Bigbank issued Additional Tier 1 (AT1) bonds in the amount of 3 million euros in the first quarter, increasing its common equity Tier 1 capital by the same amount. A total of 300 bonds with a nominal value of 10,000 euros each were issued to 38 investors. The initial issue size of 3 million euros was fully subscribed. In addition, Bigbank increased the volume of AT1 bonds issued in November 2024 by 1 million euros in the first quarter.

    Income statement, in thousands of euros Q1 2025 Q1 2024 3M 2025 3M 2024
    Net interest income 25,574 25,557 25,574 25,557
    Net fee and commission income 2,523 2,164 2,523 2,164
    Net income (loss) on financial assets 1,950 1,071 1,950 1,071
    Net other operating income -895 -849 -895 -849
    Total net operating income 29,152 27,943 29,152 27,943
    Salaries and associated charges -7,477 -6,412 -7,477 -6,412
    Administrative expenses -2,752 -3,669 -2,752 -3,669
    Depreciation, amortisation and impairment -2,137 -2,052 -2,137 -2,052
    Other gains (losses) 14 -2,419 14 -2,419
    Total expenses -12,352 -14,552 -12,352 -14,552
    Profit before loss allowances 16,800 13,391 16,800 13,391
    Net allowance for expected credit losses -4,635 -5,720 -4,635 -5,720
    Profit before income tax 12,165 7,671 12,165 7,671
    Income tax expense -2,301 -1,275 -2,301 -1,275
    Profit for the period from continuing operations 9,864 6,396 9,864 6,396
    Profit from discontinued operations 0 21 0 21
    Profit for the period 9,864 6,417 9,864 6,417
    Statement of financial position, in thousands of euros 31 March 2025 31 Dec 2024 31 March 2024
    Cash and cash equivalents 487,160 448,661 652,065
    Debt securities at FVOCI 49,431 22,334 13,586
    Loans to customers 2,297,987 2,196,482 1,747,606
    Other assets 109,603 110,939 89,823
    Total assets 2,944,181 2,778,416 2,503,080
    Customer deposits and loans received 2,560,513 2,401,689 2,161,463
    Subordinated notes 95,943 91,668 76,476
    Other liabilities 16,885 15,290 21,688
    Total liabilities 2,673,341 2,508,647 2,259,627
    Equity 270,840 269,769 243,453
    Total liabilities and equity 2,944,181 2,778,416 2,503,080

    Compared to the unaudited financial results published for Q1 2024, the net interest income and the net allowance for expected credit losses for the Q1 2024 have been adjusted, both reduced by 0.8 million euros. The adjustment is related to an identified error, where interest income from impaired financial assets had been accrued on the gross exposure of the financial assets, rather than on net basis. This correction does not impact the net profit for Q1 2024.

    Comment from Martin Länts, Chairman of the Management Board of Bigbank AS:

    In the first quarter of 2025, Bigbank continued its strong growth across all core areas. Our loan portfolio reached a record 2.3 billion euros, with increases in business, home, and consumer loan segments. Particularly encouraging is the significant growth of the home loan portfolio, reflecting not only a more active real estate market but also the trust customers place in Bigbank.

    Our deposit portfolio also continued to grow, driven primarily by our savings deposit product. We are pleased to see that more and more people are choosing our savings deposit – a product that combines some of the best interest rates on the market with flexible access to savings. During the quarter, the volume of the savings deposit portfolio increased by 123 million euros, reaching a group record of 1.14 billion euros.

    The current account service launched for Estonian customers in December last year has been well received. By the end of the quarter, over 3,500 customers had opened a current account. Bigbank offers a 2% interest rate on current account balances. Product development in the field of daily banking will continue at full speed in the coming quarters, with the aim of launching new functionalities in Estonia and gradually expanding the service to Latvia and Lithuania.

    Net profit for the first quarter of the year amounted to 9.8 million euros, an increase of 3.4 million euros compared to the same period last year. This growth was supported, among other factors, by a significant improvement in the payment behaviour of the consumer loan portfolio, which led to a decrease in the net cost of expected credit loss.

    In March, we successfully completed a 3-million-euro AT1 bond issue, which was fully subscribed. In addition, we increased the volume of bonds issued in November 2024 by 1 million euros. Both transactions were aimed at meeting regulatory capital requirements and support the continuation of the bank’s strategic growth, focusing on the expansion of the home and business loan portfolios.

    We thank all our investors and partners for their trust. Our goal remains to provide strong, responsible, and long-term value-creating banking.

    Bigbank AS (www.bigbank.eu), with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 31 March 2025, the bank’s total assets amounted to 2.9 billion euros, with equity of 271 million euros. Operating in nine countries, the bank serves more than 169,000 active customers and employs over 550 people. The credit rating agency Moody’s has assigned Bigbank a long-term bank deposit rating of Ba1, along with a baseline credit assessment (BCA) and an adjusted BCA of Ba2.

    Argo Kiltsmann
    Member of the Management Board
    Telephone: +372 5393 0833
    Email: argo.kiltsmann@bigbank.ee
    www.bigbank.ee

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