Category: Internet Communications Technology

  • MIL-OSI Banking: Web tracking report: who monitored users’ online activities in 2023–2024 the most

    Source: Securelist – Kaspersky

    Headline: Web tracking report: who monitored users’ online activities in 2023–2024 the most

    Web tracking has become a pervasive aspect of our online experience. Whether we’re browsing social media, playing video games, shopping for products, or simply reading news articles, trackers are silently monitoring our online behavior, fueling the ceaseless hum of countless data centers worldwide. In this article, we’re going to explore various types of web trackers and present a detailed annual report that dissects their geographical distribution and organizational affiliations.

    What is web tracking?

    Web tracking is the practice of collecting, storing, and analyzing data about users’ online behavior. This data can include demographics, website visits, time spent on sites, and interactions like clicks, scrolls, and mouse pointer hovers that can be leveraged for creating heatmaps, etc. The primary goal of web tracking is to gain valuable insights into user behavior, preferences, and interests. This information allows businesses to personalize experiences, improve user engagement, target advertising more efficiently, and measure the performance of their online services.

    Types of web tracking

    Web tracking can be classified into several categories based on the methods and technologies employed:

    Cookies

    Cookies are small text files that websites place on a user’s device to store information about their visits, such as login credentials, preferences, and tracking identifiers. Despite a commendable commitment to enhance online privacy, primarily Google’s Privacy Sandbox project, Kaspersky experts anticipate that third-party cookies will persist for long time yet. In fact, even as we were processing the data to write this report, Antonio Chavez, Vice President of Privacy Sandbox, announced an intention to reconsider the plan of third-party cookies deprecation.

    Web beacons

    Also known as web bugs or tracking pixels, web beacons are transparent images — typically lines or 1×1 pixels — that send a lot of tracking data, usually via a query string. When a user accesses the content, the web beacon sends data back to the server. This allows businesses to track user interactions without requiring additional action from the user.

    Social media tracking

    Many websites embed social media buttons that help users to share content easily. However, these innocuous buttons often come with tracking capabilities. Even if the user does not engage with the social media site directly, these platforms still collect data on their online behavior.

    Web analytics

    Services like Google Analytics offer a deep dive into user engagement on websites. These tools track a wide range of metrics, from page views and bounce rates to conversion rates, empowering businesses to understand user behavior and optimize website performance.

    Fingerprinting

    Device fingerprinting is a tracking technique that identifies users by collecting unique information about their device and browser settings. This includes details like screen resolution, operating system, installed plugins, and browser language. This creates a unique “fingerprint” that can identify the user across different websites, even without cookies.

    Statistics collection principles

    For this report, we used anonymous statistics collected from July 2023 to June 2024 inclusive, by the Do Not Track (DNT) component, which prevents the loading of tracking elements that track user actions on websites. The statistics consist of anonymized data provided by users voluntarily.

    Even the most experienced users often make the mistake to confuse DNT features with the built-in “incognito mode” offered by all leading web browsers. Incognito mode only ensures that all your data like browsing history and cookies is cleared after you close the private window. However, it does not prevent websites from tracking your activities within that session. It also does not make you anonymous to your internet service provider (ISP) or protect you from adware or spyware that might be tracking your online behavior, cryptominers, or worse.

    Over the year, the DNT component was triggered 38,725,551,855 times. We have compiled a list of 25 tracking services that DNT detected most frequently across nine regions and certain individual countries. 100% represents the total number of DNT detections triggered by all 25 tracking services.

    The DNT component is included in all Kaspersky security solutions and is disabled by default.

    Global tracker giants

    Eight tracking systems appeared in almost all of the TOP 25 lists for the regions we studied. Four of these belong to Google. Besides these, we will look at two other tracking systems which were also widely represented across almost all regions: New Relic and Microsoft.

    In addition, two other systems – Criteo and Facebook Custom Audiences – also made it into the TOP 25 for all regions, but we’ve already covered them in previous articles.

    Google

    Google has several tracking systems responsible for various but often overlapping areas of marketing, advertising, and other fields involving the collection, analysis, and interpretation of user data.

    Google Display & Video 360 is a tool for managing advertising campaigns. Its trackers monitor advertising-related activities (clicks, technical metrics of ads, and so on). This system had the largest share among the TOP 25 tracking systems in Asia. In South Asia, it accounted for 25.47% of DNT component triggers, and in East Asia – 24.45%. The smallest share of this tracking system was in the CIS (Commonwealth of Independent States) – just 8.38%, as this region features a strong presence of local tracking systems, which we will discuss later.

    The share of DNT triggers for Google Display & Video 360 trackers in each region, July 2021 — June 2022, and July 2023 — June 2024 (download)

    Compared to our previous report, covering the period from August 2021 to August 2022, the presence of Google Display & Video 360 slightly increased in East Asia and the CIS, while it decreased in other regions.

    The second frequently encountered tracking system is Google Analytics. This system analyzes user behavior and tracks keywords to enhance website traffic and efficiency. Its largest share is in Latin America – 14.89%, followed by the Middle East at 14.12%. The lowest share of these trackers in our statistics is in North America – 8.42%.

    The share of DNT triggers for Google Analytics trackers in each region, July 2021 — June 2022, and July 2023 — June 2024 (download)

    Just like the previous system, Google Analytics slightly increased its share in East Asia (up to 13.83%) and the CIS (9.36%), while decreasing in other regions.

    Trackers from Google AdSense, like Google Display & Video 360, monitor advertising activity and provide reports to website owners. This tracking system has its largest share in the Middle East (6.91%) and South Asia (6.85%). The smallest shares are in Oceania (3.76%) and the CIS (2.30%).

    The share of DNT triggers for Google AdSense trackers in each region, July 2021 — June 2022, and July 2023 — June 2024 (download)

    In almost all regions, the share for this tracking system increased. It’s worth noting that while some of these tracking systems reduced their presence in certain regions and others increased, they all belong to the same company – Google. Thus, user tracking by Google remains extensive, far exceeding other companies.

    Another significant Google tracking system is YouTube Analytics. It gathers information about video views and audience engagement, measures engagement levels, and more. YouTube Analytics holds the largest share in South Asia (12.71%) and the Middle East (12.30%), and the smallest in Europe (5.65%) and North America (4.56%).

    The share of DNT triggers for YouTube Analytics trackers in each region, July 2021 — June 2022, and July 2023 — June 2024 (download)

    Compared to other Google tracking systems, YouTube Analytics has notably increased its share in all regions.

    New Relic

    The share of DNT triggers for New Relic trackers in each region, July 2023 — June 2024 (download)

    The San Francisco-based New Relic appeared for the first time in our list of global giants present in all regions. Its activity is focused on web tracking for subsequent performance analysis and the detection of website and application errors. The largest share of this tracking system is in Oceania – 15.79%, and the smallest in the CIS – 1.96%.

    Bing and Microsoft Corporation

    The share of DNT triggers for Microsoft Corporation trackers in each region, July 2023 — June 2024 (download)

    Microsoft trackers collect information about user interactions with its online services and other sites. This data is used to optimize service performance, find errors, and more. While this tracking system has a relatively small share, it is present in all regional TOP 25 lists. Microsoft Corporation largest share is in Latin America – 3.38%, and the smallest in the CIS – 0.68%.

    We studied Bing as a separate tracking system, although it is actually part of Microsoft.

    The share of DNT triggers for Bing trackers in each region, July 2023 — June 2024 (download)

    Bing is a full-fledged search engine. Its trackers collect information on search queries, location, and user preferences to display relevant ads – classic search engine functionality. It can be assumed that the share of Bing’s tracking system in various regions indicates the popularity of the search engine itself. A notable share of Bing trackers among the TOP 25 was in Africa – 8.46%, and the smallest in the CIS – 0.77%.

    Regional statistics

    Europe

    Distribution of the TOP 25 tracking systems in Europe, July 2023 — June 2024 (download)

    In the European region, Google tracking systems occupy the top two positions in the TOP 25. Google Display & Video 360 accounts for 17.27%, while Google Analytics holds 11.93%. In third place, with a 9.13% share, is Amazon Technologies. Fourth is Criteo with 6.80%, followed by YouTube Analytics (5.65%), Bing (5.33%), and Google AdSense (5.23%).

    In addition to the tracking systems that are in the TOP 25 of other regions, there is one company in the European ranking not found anywhere else: Improve Digital, a Dutch company that deals with advertising and marketing projects. It closes the TOP 25 with a small share of 1.22%. Next, we’ll look at regions and even countries where the tracking system rankings contain far more names not found in any other region.

    Africa

    Distribution of the TOP 25 tracking systems in Africa, July 2023 — June 2024 (download)

    In Africa, Google trackers occupy the top three spots, with Google Display & Video 360 leading at 19.03%. By the way, only one region and one country among those we examined do not have Google tracking systems in the top position; in nearly all other regions, Google Display & Video 360 leads the rankings, occasionally being surpassed by Google Analytics. In second and third place in the African region are Google Analytics (12.94%) and YouTube Analytics (10.25%). Following them are the aforementioned New Relic (8.55%), Bing (8.46%), Google AdSense (5.11%), Criteo (3.40%), and Xandr (3.17%) – a company owned by Microsoft that focuses on advertising and analytics. The African TOP 25 doesn’t contain any unique tracking systems that can’t be found in other regions.

    Middle East

    Distribution of the TOP 25 tracking systems in the Middle East (excluding Iran), July 2023 — June 2024 (download)

    The top four most widespread tracking systems in the Middle East belong to Google: Google Display & Video 360 (22.92%), Google Analytics (14.12%), YouTube Analytics (12.30%), and Google AdSense (6.91%). Next are Criteo (6.55%), New Relic (4.42%), Bing (2.66%), and Amazon Technologies (2.37%).

    In 19th place, with a small share of 1.42%, are trackers from the Turkish advertising company Virgul.com, unique to this region.

    Distribution of the TOP 25 tracking systems in Iran, July 2023 — June 2024 (download)

    In the Middle East, there is one country worth considering separately due to the significant number of tracking systems that are not found in other rankings – Iran. Despite the presence of numerous local trackers, Google still takes the top spot. However, not with Google Display & Video 360, which ranks third at 11.35%, but rather with Google Analytics at 35.78%, the highest for this system across all the regions and countries we reviewed. In second place are Microsoft Corporation trackers (12.08%), and in fourth is Yandex.Metrica (4.90%). The latter is a division of the Russian company Yandex, responsible for user data collection and analysis for advertising and marketing services, such as analyzing audiences and their behavior. Following Yandex is the local Tehran-based company Yektan (4.52%), which collects and analyzes data for advertising services. Another local Iranian company in the TOP 25 is the internet advertising agency SabaVision (1.55%).

    In addition to these domestic trackers, Iran’s TOP 25 also includes some that appear only in this country but which are not Iranian in origin. These include Tradingview.com (1.84%), an American company collecting telemetry, Amplitude (1.46%), a digital analytics company, Heap (1.18%), a product optimization platform, and Webklipper Technologies (0.96%), which specializes in internet marketing.

    Latin America

    Distribution of the TOP 25 tracking systems in Latin America, July 2023 — June 2024 (download)

    The TOP 25 tracking systems most frequently detected in Latin America contain no local companies. Google Display & Video 360 ranks first with 20.13%, followed by Google Analytics (14.89%) and YouTube Analytics (8.89%). The TOP 25 is completed by PubMatic (1.08%), a company providing software for internet advertising. While it appears in many TOP 25 rankings, its share is minimal.

    North America

    Distribution of the TOP 25 tracking systems in North America, July 2023 — June 2024 (download)

    In North America, Google Display & Video 360 leads the TOP 25 with a significant margin, holding 16.84%. Amazon Technologies comes second with 9.08%. Interestingly, Amazon Technologies trackers appear in the TOP 3 only in three regions or countries we considered: Europe, North America, and Japan. In third place is Google Analytics with 8.42%, which is the lowest share for this system in any of the regions examined. New Relic comes in fourth with 7.62%.

    The North American TOP 25 includes two tracking systems not seen in other regions: The Trade Desk (1.79%) and Quantum Metric (1.76%), both American companies providing platforms for digital analytics and advertising.

    Oceania

    Distribution of the TOP 25 tracking systems in Oceania, July 2023 — June 2024 (download)

    In Oceania, Google Display & Video 360 (18.43%) ranks first, and New Relic, with a 15.79% share, takes second, marking the highest percentage for this tracking system among all the regions and countries examined. Google Analytics is in third place with 12.00%. In addition to the trackers found in most regions, Oceania features Oracle Moat Measurement (2.10%), Chartbeat (1.11%), and Nielsen (1.03%), which appear only in this region’s ranking. Chartbeat is an American company that collects and analyzes user data for media companies to improve monetization. Nielsen is an American company specializing in market measurement, collecting and analyzing user data for this purpose. Oracle Moat Measurement is the advertising division of Oracle, which will cease operations on September 30, 2024. Oracle itself will exit the advertising market, so this is likely the last time we’ll see this tracking system in our research.

    The CIS

    Distribution of the TOP 25 tracking systems in the CIS (excluding Russia), July 2023 — June 2024 (download)

    The CIS region is the most unusual in terms of the distribution of the TOP 25 tracking systems. This is the only region where Google trackers do not occupy the top two spots, ranking third (Google Analytics) with a relatively small share of 9.30% or lower. The first place is held by Yandex.Metrica trackers with 26.19%. As mentioned earlier, Yandex system not only made the TOP 25 in the CIS but was also seen in the Iranian ranking (fourth place at 4.90%), the Middle East (2.30%), and of course, Russia, where it holds first place with a 26.43% share.

    In second place in the CIS ranking is the tracking system from Mail.ru (owned by the VK corporation) with a share of 20.76%. In addition to these two giants in the CIS tracking market, several other local tracking systems also made it into the TOP 25. Right after the three Google systems – Google Analytics (9.30%), YouTube Analytics (8.34%), and Google Display & Video 360 (8.33%) – the tracking system of the local company Mediascope had 2.82%. Mediascope focuses on audience preference and behavior research. Also included in the TOP 25 of the CIS are developments from the following Russian companies: Adriver (2.75%), Buzzoola (2.02%), AdFox, owned by Yandex (1.69%), Rambler Internet Holdings (1.46%), Sape.ru (1.42%), Artificial Computation Intelligence (1.33%), Between Digital (1.01%), Otm (0.99%), Adx.com.ru (0.93%). In total, Russian tracking systems account for 63.35% of the overall CIS ranking.

    Distribution of TOP 25 tracking systems in Russia, July 2023 — June 2024 (download)

    In Russia, the TOP 5 is occupied by domestic tracking systems: Yandex.Metrica (26.43%), Mail.Ru (16.60%), Mediascope (6.16%), Sape.ru (4.89%) and Artificial Computation Intelligence (4.80%). Google AdSense only ranks sixth with a 4.50% share. In addition to the trackers seen in the CIS TOP 25, the Russian ranking features an even larger number of Russian tracking services: VK (2.09%), Uniontraff (1.79%), Bidvol (1.16%), Teleport Media (0.97%), Avito (0.87%), MoeVideo (0.79%), GetIntent (0.62%), AmberData (0.59%), Kimberlite.io (0.59%) and Bumlam.com (0.56%).

    The share of Russian tracking systems in the TOP 25 amounts to 87.50%. This makes Russia the only region where the overwhelming majority of the TOP 25 tracking systems are local players.

    East Asia

    Distribution of the TOP 25 tracking systems in East Asia (excluding Japan and South Korea), July 2023 — June 2024 (download)

    The top four positions in East Asia are occupied by Google tracking systems. Google Display & Video 360 is in first place with a share of 24.45%, followed by Google Analytics (13.83%), YouTube Analytics (11.66%), and Google AdSense (6.61%). Unlike other regions, the tracking system of the major Chinese IT company Baidu made the TOP 25 in East Asia with a share of 1.87%.

    There are also countries in the region that are worth considering separately, as they feature not only global tracking systems but also local players.

    Distribution of the TOP 25 tracking systems in Japan, July 2023 — June 2024 (download)

    In addition to global companies whose tracking services are observed around the world, in Japan there are trackers only popular within the country. The Yahoo! Japan web portal is widely used, with its trackers accounting for 4.70%. Yahoo Advertising, the digital advertising division of Yahoo, holds a share of 2.35%.

    Local Japanese tracking systems are also well-represented in Japan’s TOP 25, including Geniee (2.77%), Adsp from the Japanese company SMN Corporation (1.35%), MicroAd (1.18%), Supership (1.05%), and LINE Corporation (1.04%). The total share of Japanese companies in the TOP 25 tracking systems is 12.08%.

    Distribution of the TOP 25 tracking systems in South Korea, July 2023 — June 2024 (download)

    The TOP 25 in South Korea also differs from other global rankings, as it includes local Korean trackers. For example, the tracking systems of the highly popular Korean online platform NAVER rank fifth with 7.75%. Another major local player, Kakao, appears twice in the rankings: Kakao trackers are in ninth place with a 1.83% share, while trackers from the web portal Daum (owned by Kakao Corporation) hold a 1.17% share.

    South Asia

    Distribution of the TOP 25 tracking systems in South Asia, July 2023 — June 2024 (download)

    The last region under review is South Asia. The ranking here is fairly typical in terms of the global statistics. Google Display & Video 360 takes first place with 25.47%, followed by Google Analytics (13.97%), YouTube Analytics (12.71%) and Google AdSense (6.85%). Only three American trackers made it into the TOP 25 in South Asia: Sovrn (1.24%), Mux (1.10%) and LinkedIn (1.02%).

    Takeaways

    Google remains the undisputed leader in collecting, analyzing, and processing user data globally. However, in regions like South Korea, Japan, and Russia – where local internet services are particularly advanced – regional tracking systems not only make it into the TOP 25 but can even prevail over global ones. In some cases, such as in the CIS, local trackers can even take over entire regions. On one hand, looking at the TOP 25, it’s clear that user data collection and analysis is not limited to just a few large companies – and the more companies store and process our data, the higher the risk of data breaches. On the other hand, the list of companies is still finite, and the majority of tracking is handled by IT giants, who are motivated to protect user data to avoid reputational damage. The presence of local trackers is undoubtedly a sign of technological development in a region or country. However, the spread of local tracking systems increases the risk of data leaks and can weaken the user’s sense of control over who collects their data. To prevent unwanted data collection by various companies and, in turn, prevent data leaks, we recommend activating the Do Not Track (DNT) plugin.

    MIL OSI Global Banks

  • MIL-OSI Submissions: Asia Pacific – Governments, tech experts gather to boost regional commitments towards digital inclusion and transformation – ESCAP

    Source: ESCAP, United Nations

    Policymakers and industry experts today underscored the critical need to bridge the vast digital divide in the region, further calling for breakthrough solutions, more harmonized policy frameworks and increased investments toward scalable innovations with sustainable development impacts.

    Organized by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), in partnership with the Government of Kazakhstan, the Asia-Pacific Ministerial Conference on Digital Inclusion and Transformation aims to promote more inclusive digital economies and societies in the region, as well as foster digital cooperation to bridge the digital divide, strengthen digital connectivity, ensure robust digital skills training, and enhance digital trust and security.  

    “Digital by default has become our norm. It is restructuring our economies, bringing new opportunities for value creation, and reweaving the fabric of society to help tackle some of our most persistent sustainable development challenges. At the same time, digital transformation intersects with economic, environmental and social risks of unseen complexity and uncertainty,” said United Nations Under-Secretary-General and ESCAP Executive Secretary Armida Salsiah Alisjahbana in her opening remarks.

    Underscoring the importance of digital transformation, Prime Minister of Kazakhstan Olzhas Bektenov shared, “These technologies open new horizons for business, education, and healthcare, ensure economic growth, and expand opportunities for millions of people. We are actively developing these areas. Digital inclusion is also a crucial element, without which it is impossible to achieve the set goals. Only through cooperation, the exchange of knowledge, and best practices can we ensure a sustainable and prosperous future for all. We are ready to share our experience and knowledge.”

    While 96 per cent of the population live in areas covered by mobile broadband networks, only one-third productively use Internet services. Up to 40 per cent of people lack access to the Internet, most of whom are from vulnerable and marginalized groups. This significant divide also runs along income, age, education, geographic and gender fault lines.

    Zhaslan Madiyev, Minister of Digital Development, Innovations and Aerospace Industry of Kazakhstan was elected as the Chair of the Conference. “Kazakhstan is firmly committed to advancing a sustainable digital future. Today, digital technologies are key tools for achieving the Sustainable Development Goals. We have made significant progress: in 2023, we provided 274 million online services, 93 per cent of which are accessible to our citizens directly from their homes. We are also implementing proactive services automatically provided by the government, with 44 such services already available and used more than three million times. Kazakhstan is proud to rank eighth in the UN’s online services index and is ready to continue introducing innovative solutions for the benefit of society.”

    On the opening day, ESCAP also launched its Asia-Pacific Digital Transformation Report 2024 which considers how digital transformations will structurally and irreversibly affect the trajectory of climate change. It presents 27 illustrative case studies demonstrating the power of digital applications for smarter climate actions – across infrastructure, governance, mobility, industry and trade, disaster risk reduction, agriculture and biodiversity ecosystems.

    The report reveals that as the use of more advanced digital technologies is scaled up, there is a turning point beyond which carbon emissions tend to decline. Furthermore, the increased use of AI-driven geospatial data analytics is improving the accuracy and timeliness of early warning systems, so that the right information reaches the right people at the right time, thus contributing towards climate adaptation and mitigation measures in many countries.

    Policymakers from over 30 countries as well as representatives from the tech industry, start-ups, academia, international organizations, youth, business and civil society are participating in the two-day Conference and its associated events.  The Conference is expected to culminate tomorrow with the adoption of the Astana Ministerial Declaration on Digital Inclusion and Transformation.

    On the sidelines of the Conference, the Government of Kazakhstan is also hosting the Kazakhstan Tech Solution Day on 5 September, which will highlight the country’s tech companies, start-ups and digital innovations, such as SmartBridge (service showcase), Smart Data Ukimet (smart data government), and eOtinish.

    For further information: https://www.unescap.org/events/2024/asia-pacific-ministerial-conference-digital-inclusion-and-transformation

    Read report: http://www.unescap.org/kp/2024/asia-pacific-digital-transformation-report-2024-digital-innovation-smarter-climate-action

    Watch the proceedings: 

    www.youtube.com/unescap

    The Economic and Social Commission for Asia and the Pacific (ESCAP) is the most inclusive intergovernmental platform in the Asia-Pacific region. The Commission promotes cooperation among its 53 member States and 9 associate members in pursuit of solutions to sustainable development challenges. ESCAP is one of the five regional commissions of the United Nations.

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Tech News – Huawei to Support TowerCos’ Energy Quest, Diversification in Africa

    Source: Huawei

     

    Nairobi, Kenya – [September 11, 2024] – Huawei, a global leader in telecommunications and digital solutions, has announced its commitment to support Tower Companies (TowerCos) across Africa in their efforts to diversify energy sources and adopt sustainable practices in powering telecommunications infrastructure.

     

    The initiative aims to help TowerCos reduce their carbon footprint, enhance operational efficiency, and explore new business frontiers.

     

    In his speech titled: Lighting Up the Road to Multiple Business Future for TowerCos delivered at the TowerXchange Meetup Africa 2024 in Nairobi, Li Shaolong, President of Huawei Site Power Facility Domain, said African continent is accelerating the construction of ICT infrastructure, and towercos, which play an important role in this process, are facing new challenges and opportunities.

     

    “As the demand for mobile connectivity continues to rise, TowerCos face increasing pressure to ensure energy reliability and sustainability, particularly in regions with limited access to stable power grids. Tower sites, often located in remote areas, rely heavily on diesel generators, which are costly to operate, environmentally unfriendly, and vulnerable to fuel supply challenges. Huawei’s energy solutions are designed to address these challenges by integrating renewable energy technologies, such as solar power, and advanced energy storage systems,” Mr. Li said.

     

    Mr. Li emphasized Huawei’s long-term vision to help Africa’s TowerCos transition towards greener energy solutions, adding that by integrating digital and power electronics technologies, Huawei Site Power Facility remains committed to providing towercos with end-to-end energy infrastructure and intelligent O&M solutions.

     

    A Path to Diversification

    In addition to energy sustainability, Huawei aims to support TowerCos in their diversification strategies, enabling them to explore new business models and revenue streams.

     

    “This will drive towercos to become energy producers through innovative solutions and business models, thereby achieving diversified business development, revenue growth, and continuous success in energy operations.” Mr. Li said.

     

    MrLi noted that by deploying Huawei eMIMO smart power solution, towercos can centrally manage multiple energy inputs (such as grid, PV and energy storage) and multiple outputs (such as 12 V to 220 V electrical devices) through a single power platform.

     

    “In this way, revenue-generating services such as environmental protection and emergency response can be developed in addition to communications services,” he said.

     

    He further noted that the major aims of Huawei Site Power Facility Domain are to support network evolution and increase tenancy ratio, help TowerCos Reduce energy costs and achieve green development, and improve power availability (PAV) and reduce O&M costs for sites.

     

    “Huawei will continue to work with towercos to innovate and promote the iteration of energy infrastructure towards “green, simple, and intelligent”, accelerating the construction of African carrier networks and digital Africa,” Mr. Li said. 

    MIL OSI – Submitted News

  • MIL-OSI Submissions: African Youth Urged to Embrace Engineering to drive development

    Source: Media Fast

    “Africa’s future depends on its youth embracing engineering, which lies at the core of solving the continent’s most pressing challenges” – Eng. Maureen Mwaniki, Director of Public Affairs and Policy at Huawei Kenya.

    September 13, 2024 – Africa’s youth have been called upon to embrace engineering as a key driver of development and innovation across the continent.

    Speaking at the 10th annual UNESCO Africa Engineering Week – High-Level Workshop held in Nairobi – Kenya on September 12, 2024, Eng. Maureen Mwaniki, Director of Public Affairs and Policy at Huawei Kenya, said the shortage of engineers in Africa, and the rest of the world was a cause for concern.

    “There has been declining interest in the profession from the youth, with the enrolment of young people, especially women in the profession dwindling. The continent is facing a situation where there are a lot of older more experienced engineers, but not enough young candidate engineers entering the profession. Our ability to sustain the profession lies in the number of young people choosing engineering as a career,” Eng. Mwaniki said.

    She noted that Africa’s future depends on its youth embracing Science, Technology, Engineering and Mathematics (STEM) education, particularly engineering, which lies at the core of solving the continent’s most pressing challenges.

    “The growing need for infrastructure, clean energy, and climate resilience offers a unique opportunity for engineers to shape Africa’s path toward sustainable growth.  But more efforts need to be put in attracting younger people, especially women, to the profession,” Eng. Mwaniki said.

    “Women, in particular, need to step out of their comfort zones and grab the opportunities that are offered by companies such as Huawei. Programs like Seeds for the future, ICT Competition, Women Collaboration programs with our partners, etc will help expose the Women Engineers to advanced technologies that can enable them to create solutions for their country.”

    The Africa Engineering Week provides a platform for government representatives, industry leaders, and academia to discuss policy frameworks and partnerships that can accelerate engineering education and innovation on the continent.

    Celebrated across the region every year, UNESCO Africa Engineering Week promotes engineering solutions and awareness among students, society and policy-makers. It aims to inspire and educate youth and the public on the vital role of engineers in societies.  

    This year’s edition is hosted by the Ordem dos Engenheiros de Angola in Luanda, Angola, and organised jointly by UNESCO, the World Federation of Engineering Organizations (WFEO) and the Federation of African Engineering Organisations (FAEO).

    It will include the 8th Africa Engineering Conference, the 7th Africa Women Engineers Forum, the Young Engineers Forum and a Business-to-Business (B2B) session. These events will focus on sustainability and innovative infrastructures; engineering and acceleration of African Continental Free Trade Area (AfCFTA) implementation; and engineering education and capacity building.

    “This year’s theme, ‘Engineering and for Sustainable Development’, highlights the urgent need for technical solutions to address challenges such as climate change, infrastructure development, and digital transformation,” Eng. Mwaniki said.

    MIL OSI – Submitted News

  • MIL-OSI USA News: Remarks by President  Biden at the Economic Club of Washington,  D.C.

    Source: The White House

    1:15 P.M. EDT

    THE PRESIDENT:  Hello, hello, hello.  (Applause.)  Thank you, David.  In my household, we refer to David as the Washington Monument.  (Laughter.)  He’s been a friend a long time — a long time.  And not only thank you for the introduction, David, but thank you for your friendship. 

    And thank you all for being here and allowing me to be here. 

    Yesterday was an important day for the county, in my view.  Two and a half years after the Federal Reserve began raising interest rates, it announced that it would begin lowering interest rates.

    I think it’s good news for consumers, and it means the cost of buying a home, a car, and so much more will be going down.  And it’s good news, in my view, for the overall economy, because lower borrowing costs will support economic growth. 

    And it’s an important signal from the Fed- — from the Federal Reserve to the nation that after repeated interest hikes to cool down inflation, inflation has come back down, and the Fed — the Fed is lowering — switched to lowering rates to keep the country growing — the economy growing.

    At its peak, as you all know, inflation was 9.1 percent in the United States.  Today, it is much closer to 2 percent. 

    That doesn’t mean our work is done.  Far from it.  Far from it. 

    No one should confuse why I am here.  I’m not here to take a victory lap.  I’m not here to say, “A job well done.”  I’m not here to say, “We don’t have a hell of a lot more work to do.”  We do have more work to do. 

    But what I am here to speak about is how far we’ve come, how we got here, and, most importantly, the foundation that I believe [we’ve] built for a more prosperous and equitable future in America. 

    So, let’s be clear.  The Fed lowering interest rates is- — isn’t a declaration of victory.  It’s a declaration of progress.   It’s a signal we’ve entered a new phase of our economy and our recovery. 

    You know, I believe the [it’s] important for the country to recognize this progress, because — because if we don’t, the progress we made will remain locked in the fear of negative mindset and dominate our economic outlook since the pandemic began, instead of seeing the immense opportunities in front of us right now. 

    It’s — this is a moment, in my view, for business to feel greater confidence to invest, hire, and to expand.  It’s a moment for individuals to feel greater confidence buying a home, a new car, starting a family, starting a new business.  

    We’ve — we’re creating jobs.  [Un]employment remains very low.  Small-business creation is at its historic highs.  The economy is growing.  The main challenge we’ve had — it’s been a painful one but — has been the pandemic and the inflation it created, causing enormous pain and hardship for families all across America.  That’s not true just for us but for every major economy in the world. 

    But now — now inflation is coming down in the United States.  And the fact is, it’s come down faster and lower than almost any other [of the] world’s advanced economies. 

    So now, instead of looking at interest rates increases, interest rates are going to be coming down, and they’re expected to go down further.  And that’s a good place for us to be.  (Applause.)

    Now, a lot of people, as you all know — maybe you know a few — thought we’d never get here.  When Kamala and I came to office, 3,000 people a day were dying of COVID — 3,000 a day.  Millions of Americans had lost their jobs, their businesses.  And the global economy was in a tailspin. 

    Four years ago, we inherited the worst pandemic in a century and the worst economic crisis since the Great Depression.  In fact, my predecessor was one of just a few — two presidents in American history who left office with fewer jobs than the day he came into office.  The other?  Herbert Hoover. 

    When I came to office, there was no real plan in place — no plan to deal with the pandemic, no plan to get the economy back on its feet.  Nothing — virtually nothing. 

    In fact, the nonpartisan Congressional Budget Office predicted we wouldn’t — they wouldn’t see a full recovery until well after the end of my first term in office.  But I refused to accept that, like many of you refused to accept it. 

    I came into office determined not only to deliver immediate economic relief for the American people but to transform the way our economy works over the long term; to write a new economic playbook, grow the economy from the middle out and the bottom up, not just the top down; put workers first; support unions to make sure workers have a bargaining clout they need to get a fair price to grow that pie — and after all, it’s the productivity that’s — they — they’re the productivity baked into that pie, in my view; no one — leave no one behind; foster fair — fair competition; invest in all of America and in all Americans. 

    When we do things for the poor and have — they have a ladder up, the middle class does very well, and the wealthy continue to do very well.  We all do well.  And we are doing well.  Working families and the middle class are the center of the strong, equitable, and sustainable recovery. 

    Here are the keys from the new playbook, in my view.  Within the first two months in office, I signed the American Rescue Plan, one of the most significant economic recovery packages in our history.  Not a single person on the other team — Republicans — voted for it. 

    It delivered shots in the arm for vaccines to vaccinate the nation in one of the most sophisticated logistical operations in American history.  I found it incredibly difficult to plan that.  Without protecting our nation from COVID, our economic recovery would never have taken off. 

    It also delivered immediate economic relief for those who needed it the most.  An individual earning less than $75,000 a year received a $1,400 check.  So, a family of five earning less than $150,000 a year could receive as much as $7,000.  And, by the way, in middle-class families like the one I grew up and many of you grew up in, that is a game changer.  That saved people’s sense of being. 

    It also prevented a wave — a wave of evictions, bankruptcies, and delinquencies and defaults that the previous crises weak- — weakened the recovery and left working families permanently further behind.

    I was determined to avoid what Secretary Yellen called the “economic scarring” — scarring that hurt so many Americans and left them behind in the past. 

    We delivered essential funding to states and local governments to keep essential services moving, to keep teachers and first responders on the job, to keep small businesses open, and to build more housing.  We also expanded the Child Tax Credit to cut child poverty in half. 

    And with the Butch Lewis Act, we took the most significant action in 50 years to protect the pensions of millions of union workers and retirees.  Before we acted, workers faced cuts to their pensions.  Now we’re restoring the full amount of their pensions, including for workers who previously saw cuts. 

    And there’s so much more. 

    But we also know the pandemic led to a surge in inflation all across American and the world — and the country, I should say.  And the economy shut down and then opened back up in an unprecedented manner.  Shipping had stalled.  Factories shut down.  Inflation grew worse after Putin invaded Ukraine, which sent food prices skyrocketing and energy prices soaring around the world. 

    So, we immediately brought together business and labor to fix the problem with broken supply chains and unclog our ports, trucking networks, and shipping lines. 

    Remember those massive cargo ships stuck outside the port of Loa- — of Los Angeles, delaying deliveries and driving up prices during the holiday season?  Remember that?  Remember the shortage of baby formula and the crisis that caused?  Well, we got supply chains back to normal.  When we did that, inflation began to ease.  Doesn’t solve, but ease.

    It also — I also — I also rallied our allies to stand against Putin’s aggression.  In the beginning, there wasn’t a whole lot of support for that.  I warned them all.  I got clearance from the intelligence community to let them know when he was going to invade.  They didn’t believe it was going to happen.  But he invaded exactly when I said he was.  Led the world to realize that we had a real problem.

    And it — releasing oil reserves to stabilize global markets to — and, by the way, our gas prices are now down to $3.22, lower than before the invasion — (applause) — and $3 — below $3 a gallon in 14 states, including Delaware.  (Laughter and applause.)  I can go home now, past the gas station.  (Laughter.)

    Energy production for all — from all sources is now at record highs in America — record highs. 

    And unlike my predecessor, I respect the Federal Reserve’s independence as they pursued — it’s a mandate — to bring inflation down.  That independence has served the country well. 

    And, by the way, I’ve never once spoken to the chairman of the Fed since I became president.  It’ll also do enormous damage to our economy if that independence is ever lost. 

    You know, my new economic playbook also rejects the long-held conventional view among economists — many economists — that we had to lower our ambitions to bring inflation down. 

    After I took action to rescue the economy, we got relief to families that needed it.  Some experts predicted that people would have a — that we would leave the labor market and not come back to work.  They referred to this as “the Great Resignation.”  Remember that?  The Great Resignation.

    Well, to state the obvious, they were dead wrong.  We now have the highest working-age employment in decades.  (Applause.)  

    Other critics said it would take the loss of millions of Americans’ jobs to — and a decline in real wages and, yes, the recession to get inflation back down.  Possible, but I refused to accept that.  I believed, sometimes over the amazement of my staff, that we should seize the moment to finally invest in all of America and all Americans for decades to come.  We did just that with what I call our Investing in America agenda. 

    How can we have the strongest economy in the world without the most advanced infrastructure in the world?  How can that be?

         That’s why I wrote and worked so hard to pass the Bipartisan Infrastructure Law, the most significant law in generations, to modernize our roads, bridges, ports, airports, trains, buses; removing every lead pipe from schools and homes so every child could drink clean water; providing affordable — (applause) — providing affordable high-speed Internet for every American, no matter where they live, not unlike what Franklin Roosevelt did. 

    Remember what he did?  You don’t remember.  You weren’t around, nor — by the way, I wasn’t — (laughter) — I’m old, but I wasn’t there either.  (Laughter.)  But he decided that rural America had to have access to electricity.

    The Internet is a — as a — is as critical as electricity was during his period. 

    I remember saying that to my younger staff, who looked at me, “Well, what are you talking about?”  (Laughter.)

    But look, we’re growing our economy.  We got more to do.  We’re improving our quality of life.  We’re literally building a better America because of all of you.  

    In fact, “Buy American” has been the law of the land since the 1930s.  And I have to admit to you, Tommy, the — “Tommy,” excuse me — Congressman Carper, my buddy — (laughter) — I didn’t realize that when they wrote the law in ‘33 about unions organizing, they also had a provision in there: Any money — it says any money the president is sent from the Congress to invest on an investment in America should use American workers and use American products.  Past administrations, including my predecessor, failed to buy American.  Not anymore.      

    Kamala and I are making sure the federal projects building American roads, bridges, highways, and so much more beyond that, like aircraft carriers and tanks, they will be made with American products and built by American workers, creating good-paying American jobs. 

    How can we be the strongest nation in the world without leading the world in science and technology?  I mean, think about it.  We walked away for a long while in investing in science and technology as a government.   

    During the pandemic, the American people learned about supply chains.  You know, I remember going home and saying, “Well, the supply chain.”  And my family, “The supply chain?  What the hell is a supply chain?”  (Laughter.)  No, but I’m serious.  Think about it.  It became common knowledge what a supply — what we’re talking about to all — the average American.

    And the shortage of semiconductors, those little tiny computer chips smaller than a tip of your finger that power everything — but every — everyday lives, from smartphones, to automobiles and dishwashers, to advanced weapon systems, and so much more.  Think about it.  It takes over 3,000 chips to build an automobile.  Remember the crisis when we didn’t have access to those in the automobile industry? 

    And, by the way, we invented these chips here in America.  And we still design the most sophisticated chips in the world. 

    But over time, my predecessors thought it was better to manufacture those chips overseas because the labor was cheaper.  That’s why they went overseas. 

    The result: When the pandemic shut down those chip factories overseas, the price of everything went up because we didn’t have enough chips here in America. 

    We learned the hard way that one of the best ways to strengthen our supply chi- — our supply chain is to make sure the supply chains starts in America — starts in America.  (Applause.) 

    And, by the way, if I could hold in the back there, that’s why I — I have great relationships with the European friends.  But this is one where they go, “Whoa.”  (Laughter.)  That’s why I literally wrote and signed the CHIPS and Science Act, to bring manufacturing back home and so much more. 

    As a result, private companies from around the world are now investing tens of billions of dollars to build new chip factories right here in America — in New York, Ohio, Arizona — all across the country.  

    You know, it takes time to build these factories.  But the number of construction workers is way up, and they’re making good salaries — already creating tens of thousands of jobs in construction facilities.  But the American public is going, “Well, where’s all this going, Biden?”  Because they haven’t s- — they expected this to happen overnight.  You got to build the factories first.

    When these factories are finally built, we’ll have tens of thousands of jobs running those factories — so-called fabs.  As you all know — this is one audience I don’t have to explain it to — they’re — these fabs are bigger than football fields, creating jobs that are going to pay over $100,000 a year, and you don’t need a college degree.

    And it’s going to generate such economic growth when the one outs- — in — outside of Columbus, Ohio — a thousand acres.  I call it a field of dreams.

    The old playbook was to go abroad to the cheapest labor, export American jobs, and import foreign products.  Our new playbook is we export American products and create American jobs right here in America where they belong.  (Applause.)

    But that’s not all.  I wrote and signed into law the Inflation Reduction Act, the most significant climate law ever, anywhere in the history of the world.  When I say “I wrote,” I actually did write some of this, my — my daughter would say, “with my own paw.”  (Laughter.) 

    Skeptics told me we couldn’t get it done.  Remember?  We couldn’t get this done; there was no possibility of this.  There wasn’t a consensus.  And if we did it, it would be too late and too little.  But we did it with your help: $369 billion for climate and clean energy, more than ever happened in the history of the world.

    Not a single one of the opposition — Republican friends — voted for it.  It took Vice President Harris to cast the tiebreaking vote in the Senate. 

    The Inflation Reduction Act is going to help cut carbon emissions in half by 2030, and we’re well on the way, including — well, I won’t go into it all — and creating hundreds of thousands of good-paying clean energy jobs for American workers.  I set up a Climate Corps, just like the Peace Corps; it’s going to — you watch what happens with that.

    Lower energy costs for families with tax credits to install rooftop solar and efficient-energy appliances, to weatherize your windows and doors with high-tech insulation, more efficient heating and cooling systems — and get a tax credit for doing it and grow employment and grow the economy — and so much more. 

    And, again, many of you are doing — you’re the ones doing it.  You’re creating these good-paying jobs. 

    The Inflation Reduction Act also focused on lowering costs for prescription drugs. 

    There was a law in America that I fought like hell as a senator — and a lot of others who did for a long, long time — to change the law: The only agency that could not negotiate prices was Medicare.  For years, many other members of Congress fought — for decades — to change that and give Medicare the power to negotiate lower drug prices, like the VA is able to lower dr- — negotiate drug prices for veterans. 

    Well, with the Inflation Reduction Act, we finally beat Big Pharma.  And we finally gave Medicare the power to negotiate lower prescription drug prices. 

    And now — millions of seniors have diabetes, as one example, but now, instead of paying up to $400 a month for that insulin for their diabetes, they’re only paying 35 bucks a month — 35 bucks. 

    And they’re still making a hell of a profit, by the way.  You know how much it costs to make that insulin?  Ten dollars.  T-E-N dollars.  Ten dollars.  Package the whole thing, you get up to $13.

    And, by the way, if I had Air Force One sitting out there, I could get you in the plane and take you anywhere in the world, any major capital.  Whatever prescription you have, I can get it for you cheaper in Toronto, London, Berlin, Rome — anywhere around the world.

    But it’s just beginning.  The same law says that starting this January — we don’t have to cha- — any new changes with the law, the existing law — every senior’s total prescription drug cost will be capped at $2,000 a year, no matter how expensive their drugs are, even expensive cancer drugs that cost 10-, 12-, 14,000 bucks a year. 

    And these reforms don’t just save seniors money, but, equally important, they save every American taxpayer money.  Just so far, these reforms will save American taxpayers $160 billion over the next decade because Medicare won’t have to pay — spend (inaudible).  (Applause.)

    And, by the way, that weight-loss medicine is just getting going, man, that debate.  (Laughter.)  Watch.

    All told, we’re proving that we can bring down inflation while safeguarding hard-won gains in jobs and real wages in American workers. 

    Today, a record 16 million jobs created, more than any other single presidential term. 

    When I took office, more than 2 million women left the workforce due to the pandemic.  If you listen to these other guys, they think women don’t want to work.  They don’t know women in America.  (Applause.)  No, I’m serious.  Watch.  Watch, watch, watch.

    And speaking of watches, on my watch — (laughter) — we reversed the loss.  We actually increased the number of women working by an addition 2 million women in the workforce.  (Applause.)  

    And, by the way, we have the highest share of working-age women on jobs since 1948, when we started — and we’re — and we — we started to keep track back then.  With wages up, incomes up for women workers, we’ve always believed women should be paid equally for equal work.  And there’s not a single damn job a woman can’t do that a man can do, including being president of the United States of America.  (Applause.) 

    You all think I’m kidding.  My younger sister used to be three years younger than me.  She’s now 20 years younger.  (Laughter.)  Went to the same university, took the same courses.  She graduated with honors; I graduated.  (Laughter.)  She’s the one who should be — anyway.  (Laughter.)

    Nineteen million people have applied to start new businesses.  That’s a record.  And here’s the thing about those new businesses: Every application to start a new business is an act of hope.  It’s an act of optimism, hope. 

    More Americans have health insurance than ever before, and I don’t think that should be something we should sneeze at.  Everyone deserves basic health care. 

    The racial wealth gap — (applause) — is the smallest in 20 years. 

    Remember how many economists thought we’d need a recession to bring down inflation?  There was even a major financial news headline, which I’ll not reference, saying, “100 percent chance of a recession in 2023.”  Well, instead, our economy grew by more than 3 percent last year, and inflation came way down.  (Applause.) 

    American households came out of the crisis — American households — with stronger balance sheets, higher incomes, greater wealth.  And all that progress is a remarkable testament to the resilience and determination of the American people.  They’re the one — I mean, determination of American workers; of American entrepreneurs, like all of you; American business. 

    It’s in stark contrast to my predecessor’s record.  His failure in handling the pandemic led to hundreds of thousands of Americans dying because of COVID.  Remember “just inject a little dye, you’ll be okay”? 

    His failure to lead the economic crisis that followed that created millions of Americans — caused them to lose their jobs.  In fact, the last month of his failed term was the last month our economy lost jobs.  On my watch, the economy has created jobs every single month for nearly four years.  (Applause.)  Because of you.

    My predecessor enacted a $2 trillion tax cut that made — overwhelmingly benefited the very wealthy and the biggest corporations.  Made you feel good, I’m sure.  But guess what?  We don’t have to hurt corporations.  We don’t have to — I come from the corporate state of the world.  For 36 years, I represented the state — Tom and I — that had more corporations incorporated in Delaware than every other nation in the United States of America — every other state in the nation — the entire nation — in the state of Delaware.

    But what did his policies do?  It increased the federal deficit significantly, more than any other previous presidential term.  And the federal deficit went up every single year of his presidency and left office with the largest annual deficit in American history: $3 trillion. 

    And now he not only would give another $5 trillion tax cut for the very wealthy and the biggest corporations, he wants a new sales tax on imported goods — food, gasoline, clothing, and more.  As most of you know, such policies would cost the average American family nearly $4,000 a year. 

    But he and his allies say they support workers and the middle class.  Give me a break.

    On my watch, we’ve created over 700,000 manufacturing jobs.  He lost 170,000 manufacturing jobs in four years.  On our watch, factory construction is at a record high.  It increased 210 percent.  On the other team’s watch, factory construction barely increased 2 percent. 

    On my watch, the trade deficit with China declined to its lowest level in a decade.  On his watch, the trade deficit with China soared. 

    On my watch, we’re seeing a record stock market and record 401(k)s. 

    And the bottom line is I’m a capitalist.  I wish I had more stock.  (Laughter.)  But I believe capitalism is the greatest force to grow the economy for everybody.  I really mean it. 

    Now, don’t point to the fact that for 36 — this time I’m going to point out to you — when they did the income of all the members of Congress, I was listed as the poorest man in Congress.  (Laughter.)  I never thought I was poor.  I had a decent salary as a senator.

    But we face a fundamental choice.  For the past 40 years, too many leaders have sworn by an economic theory that has not worked very well at all: trickle-down economics.  Cut taxes for the very wealthy — and they deserve having taxes cut — but cut for the very wealthy and hope the benefits trickle down.

    Well, guess what?  Not a whole lot trickled down to my dad’s kitchen table. 

    It’s clear, especially under my predecessor, that trickle-down economics failed.  And he’s promised it again — trickle-down economics — but it will fail again.

    In fact, President Clinton pointed out that since the end of the Cold War in ‘89, America has created about 51 million jobs.  Of those 51 million jobs in that period, the economy under Democratic presidents created 50 million — a fact — 50 million of those.  And the economy under Republican presidents created 1 million of those new jobs. 

    Folks, I’ve laid out a better choice, in my view, to grow the economy from the middle out and the bottom up.  I promised to be a president to all Americans, whether they voted for me or not.  And I kept that promise, making a lot of Democrats very angry because studies show that I signed actually — one of the laws I signed actually delivered more benefits to red states than to blue states.  That’s a fact.  More went to Republican states than Democratic states.  That may not have been good politics, but I believe it’s good for the country.  And I kept my promise.

    Today, we are better positioned than any nation in the world to truly win the economic competition of the 21st century, in my view.  And there’s so much more we can do.    

    We’re going to continue bringing down prices for families by building more affordable housing, making childcare more affordable — and, by the way, you make it more affordable, it increases economic growth — growth — growth — by continuing to lower health care costs as well. 

    We’re continuing fighting to make sure everyone — everyone pays their fair share in taxes. 

    And, by the way, I hope some of you out there are billionaires, but paying 8.2 percent ain’t quite enough.  If you just paid 25 percent, it would generate enough income — $500 billion over the next 10 years.  We could cut the deficit.  And be paying 25 percent wouldn’t — anyway, I don’t want to get into it.  If I get going, might — (laughter).

    But my point is that includes restoring the — extended the Child Care Tax Credit to cut child poverty in half. 

    We’re determined to lower prescription drug costs not just for seniors but for everyone, helping the federal budget and household budgets and so much more. 

    I’m sorry to go on so long.  Let me close with this.  I probably — you know, early in my term, I traveled — to the skepticism of some of my own team and many of the Democrats — to South Korea to meet with President (inaudible) and — President Hu in — in Sou- — in South Korea and the CEO of Samsung.  They were manufacturing a significant portion of the chips in the world.

    And I sat with them and I encouraged both of them to invest in America.  And they agreed.  What surprised me, when I asked the CEO of Samsung why he was prepared to invest billions of dollars to build chip factories in the United States, they mentioned two reasons: because of our workforce, which I know we have the best workers in the world.  And second, they said we have the safest, the most secure nation in the world in which to invest. 

    And now, as I stand here in front of some of the most signifi- — significant business leaders and successful business leaders in the country, we also know we have the best research universities in the world — the best in the world.  We have the most dynamic capitalist system in the world. 

    But here’s what we can’t take for granted.  We have stability because we have a rule of law.  Our democracy is unparalleled. 

    I know I talk about the — a lot about democracy from the first time I ran.  But it’s really under stress.  For real.  We can never lose those democratic principles.

    American business, our economic dynamism can’t succeed, in my view, without a stability and security that makes us the envy of the world — and we are.

    Four years ago, we’ve gone from a histor- — historic crisis to greater progress than any of us thought possible.  We did it with a new playbook based on one of the most im- — oldest truths of our nation: Believe in America.  Invest in America.  That’s the truth. 

    Give the American people half a chance.  They have never, ever, ever, ever, ever let the country down.  Give them a full chance, and watch them lift us up to endless possibilities.  (Applause.)

    That’s what I see in this room.  Incredible — I really mean this, and I’m not trying to be solicitous with you — an incredibly — incredible business leaders, innovators who embody that sense of possibilities.

    You know, I spent more time with Xi Jinping than any world leader has: over 90 hours with him alone, traveled 17,000 miles with him in the United States and a — and in — and in China. 

    We were in the Tibetan Plateau, and he looked at me.  He said, “Can you define America for me?”  And, by the way, I gave all my notes in, so they have this.  (Laughter.)  And I said, “Yeah, I can define America in one word” — and I mean this from the bottom of my heart; I mean this from the bottom of my heart — “Possibilities.” 

    We’re a nation of possibilities.  We think big.  We believe big.  We sometimes fail, but we think big. 

    I have never been more optimistic about America’s future.  We just have to remember who the hell we are and how far we’ve come together.  We’re the United States of America, and there’s nothing — virtually nothing we cannot do when we act together.

    So, keep it up, folks.  We need you badly.

    God bless you all.  And may God protect our troops.  Thank you.  (Applause.)

    1:47 P.M. EDT

    MIL OSI USA News

  • MIL-OSI: Solutions30 announces the strategic acquisition of Xperal

    Source: GlobeNewswire (MIL-OSI)

    Solutions30 announces the acquisition of Xperal, a leading company specialized in end-to-end B2B solar projects in the Netherlands and Germany.

    Based in the Netherlands, Xperal is renowned for its comprehensive services in the solar energy sector, including design, engineering, procurement, commissioning, and maintenance. In 2023, the company achieved revenues of 15 million euros, demonstrating its strong market position and growth potential.

    This acquisition aligns with the Group strategic goal to expand its services into the Benelux region and increase its market share. Through this operation, the company will be able to, first, offer a broader range of services and, second, strengthen its position as a leading provider of sustainable energy solutions.

    “The acquisition of Xperal represents a significant milestone for Solutions30 by allowing us to extend our Energy Transition services in the Benelux region and Germany.” Says Luc Brusselaers, Chief Revenue Officer at Solutions30. “By integrating Xperal’s expertise in solar projects, we are now positioned to offer a complete portfolio of energy services, including smart metering, electric vehicle charging (EVC), power grid management, photovoltaic (PV) systems, and energy storage solutions.”

    More generally, this latest acquisition marks Solutions30’s ambition to accelerate the development of sustainable energy services and infrastructures for businesses and local authorities. It demonstrates its determination to offer a complete range of services across the entire value chain, as well as the latest technologies available.

    “This partnership with Solutions30 marks a new chapter for Xperal” comments Jaimie Louwers, Co-founder of Xperal. “This integration enables us to expand our geographical reach into the Benelux area, giving us access to new markets and opportunities. With Solutions30’s extensive resources and network, we are able to accelerate our growth and secure larger deals.”

    For further information please read the Xperal website: https://www.xperal.com/

    About Solutions30 SE

    The Solutions30 group is the European leader in solutions for new technologies. Its mission is to make the technological developments that are transforming our daily lives accessible to everyone, individuals and businesses alike. Yesterday, it was computers and the Internet. Today, it’s digital technology. Tomorrow, it will be technologies that make the world even more interconnected in real time. With more than 50 million call-outs carried out since it was founded and a network of more than 15,000 local technicians, Solutions30 currently covers all of France, Italy, Germany, the Netherlands, Belgium, Luxembourg, the Iberian Peninsula, the United Kingdom, and Poland. The share capital of Solutions 30 SE consists of 107,127,984 shares, equal to the number of theoretical votes that can be exercised.
    Solutions30 SE is listed on the Euronext Paris exchange (ISIN FR0013379484- code S30). Indexes: CAC Mid & Small | CAC Small | CAC Technology | Euro Stoxx Total Market Technology | Euronext Tech Croissance.
    Visit our website for more information: www.solutions30.com

    About Xperal

    Xperal acquisition includes Louwers Beheer B.V. and its subsidiaries: XPERAL B.V, Astra Solar B.V., Louwers Installatie B.V., Solar Benelux B.V., and Louwers Onroerend Goed B.V. Visit the website for more information: https://www.xperal.com.

    Contact

    Individual Shareholders:
    Tel: +33 1 86 86 00 63 – shareholders@solutions30.com

    Investor relations
    Investor.relations@solutions30.com

    Press – Image 7:
    Charlotte Le Barbier – Tel: +33 6 78 37 27 60 – clebarbier@image7.fr

    Attachment

    The MIL Network

  • MIL-OSI USA News: Remarks by National Economic Advisor Lael Brainard on Sustaining American Auto  Leadership

    Source: The White House

    Detroit Economic Club, Detroit, Michigan

    As Prepared for Delivery

    Thank you to the Detroit Economic Club for hosting me today. It is a pleasure to be back in the Motor City where I had a great time working on autos in one of my first jobs. 

    I want to thank Governor Whitmer for her important partnership, along with Mayor Duggan, County Executive Evans, Senators Stabenow and Peters, and Representatives Dingell, Stevens, Tlaib, Thanedar, and many others.

    The President and Vice President are determined that America’s iconic automakers and autoworkers are positioned to win the future. Our auto strategy is designed to invest in America’s world class autos supply chain from end to end; take tough, targeted enforcement actions against China’s unfair practices; and invest in America’s best-in-class autos workforce. 

    Today, I am pleased to announce two important new steps to advance our autos strategy. We are proposing a first-of-its-kind rule to safeguard America from the risks posed by connected vehicles from China. And we are building out the Michigan Workforce Hub to give workers the skills they need to contribute to this dynamic sector and expanding access to capital for small- and medium-sized auto manufacturers.

    The American Auto Sector

    The auto sector is an iconic American industry and our largest manufacturing sector. Over 3.2 million Americans work in the auto industry, and one third of those are in manufacturing jobs. The auto sector creates good-paying, union jobs that provide a ladder to the middle class, a sense of community, and the opportunity to work and retire with dignity.

    Nowhere is that more evident than right here in the proud city of Detroit and the great state of Michigan.

    While it wasn’t born here, America quickly made the auto industry our own. Here in Detroit, Henry Ford revolutionized transportation by mass producing a car for the common man. By 1930, the Big 3 had come to dominate global auto sales. The legendary Flint sit-down strike in 1936 gave rise to the United Autoworkers, and by 1941, hundreds of thousands of UAW members had good-paying, middle class jobs and pensions at the Big 3. During World War II, the auto industry became the center of the Arsenal of Democracy, churning out bombers, tanks, and engines by the thousands.

    When the Global Financial Crisis hit our auto sector hard, President Obama and then-Vice President Biden came to the rescue of the Big 3 and Detroit. UAW members made difficult sacrifices to get the industry back on its feet.

    Just a decade later, the pandemic brought new challenges. Decades of offshoring had left our supply chains fragile, and shutdowns of semiconductor factories in Asia and shipping disruptions led to layoffs on shop floors here and unfinished vehicles piling up in parking lots.
    Our automakers and autoworkers are no stranger to a tough fight. And this Administration has always stood with them.

    We worked tirelessly with business and labor to move semiconductors to auto plants and repair snarled transportation and logistics networks. These actions and our recovery plan enabled U.S. auto production to rebound three times faster than Europe. During this Administration, the U.S. auto industry has created more than 275,000 new jobs – in contrast to the loss of 86,000 auto jobs under the previous administration.

    Now our automakers and autoworkers face another seismic shift – the growing presence of clean vehicles, the rise of connected cars, and a wave of underpriced Chinese auto exports hitting global markets due to Chinese overcapacity.

    Investing in America’s Auto Supply Chain

    The President and Vice President have a comprehensive strategy to position the American auto sector to win the future.

    First — we are investing in America’s auto supply chain from end to end to make sure American autos remain best in class. That means investing in every stage, from small suppliers to final assembly, and using every tool at our disposal, from grants and loans to tax credits. This investment approach deploys demand- and supply-side incentives, from removing barriers to providing upfront consumer rebates to bolstering our domestic supply chains.

    Through the Bipartisan Infrastructure Law, we are building a nationwide network of EV charging stations and building a domestic supply chain for batteries and critical minerals. Just last week, we announced $3 billion in selections for projects through the Battery Supply Chain Awards, including several projects in Michigan, to boost domestic production of advanced batteries, funding the expansion and construction of new facilities for critical minerals, battery components, battery manufacturing, and recycling.

    Through the CHIPS and Science Act, we are supporting dedicated investments for the legacy chips that power cars and the advanced chips and materials that enable electric vehicles to drive further and charge faster.

    Through the clean energy incentives in the Inflation Reduction Act, we are providing families with an up-front rebate of up to $7,500 when they choose to buy a U.S.-made electric vehicle with U.S. batteries and materials. The Department of Energy’s Domestic Automotive Manufacturing Conversion Grant Program is providing $1.7 billion of federal investment that is leveraging $5 billion in total investment to help retool 11 auto plants across eight states to produce electric vehicles and electric vehicle (EV) components while protecting good jobs and union jobs. Michigan is receiving $650 million of federal investment from this one program alone.

    These incentives have already driven historic investment totaling more than $177 billion in the EV supply chain, including in the battery supply chain that China dominates. They are supporting investments that are projected to transform the United States into a major lithium producer by the end of the decade and that are now projected to produce batteries to meet all forecasted U.S. demand for EVs by 2030.

    Protecting American Autos from Unfair Competition

    Second — we are taking tough, targeted action to protect our auto sector from security risks and to ensure China does not unfairly undercut our auto sector. Americans should drive whatever car they choose – gas powered, hybrid, or electric. But, if they choose to drive an EV, we want it to be made in America, not in China.

    In order for companies to invest in innovative new designs and models here in America, they need to be assured that their investments won’t be undercut by unfairly underpriced cars from China. And in order for consumers to be safe and secure in increasingly connected cars on American roads, we need to guard against national security risks from China.

    China is flooding global markets with a wave of auto exports at a time when they are experiencing overcapacity. We have seen this playbook before in the China shock of the early 2000s that harmed our manufacturing communities. We saw it in Michigan – according to one analysis, the Detroit metro area lost more than 55,000 manufacturing jobs due to import competition from China. We are seeing that same playbook in EVs and batteries after a period when China compelled American automakers to form joint ventures and license their technology in China.

    The Administration is determined to avoid a second China shock, which means putting safeguards in place before a flood of underpriced Chinese autos undercuts the ability of the U.S. auto sector to compete on the global stage. That’s why this Administration imposed a new 100% tariff on EVs imported from China. It’s why we increased tariffs on China to diversify the autos supply chain, including on EV batteries, legacy semiconductors, and critical minerals.

    Many of our allies, including Canada and the European Union, have followed our lead. Moving forward, we will partner with Mexico and Canada to ensure that our North American supply chains remain free from state-owned enterprises and foreign entities of concern. China’s overcapacity in EVs will be a major area of focus as we look to the U.S.-Mexico-Canada trade agreement mid-term review in 2026.

    And today, we are taking action to guard against safety and security risks in connected cars and ensure that our auto supply chains are resilient from foreign threats. Connected cars have the ability to exchange data with other cars, your personal devices, America’s infrastructure, our power grid, and auto manufacturers. The computer systems that power these cars can control vehicle movement and collect sensitive driver and passenger data, and the cameras and sensors embedded within them can record detailed information about our country and citizens.

    There are many benefits associated with connected vehicle systems, such as promoting safety, assisting drivers with navigation, and reducing emissions. But where we source these technologies has important implications for our national security, safety on our roads, and the resilience of our auto supply chains.

    China has taken steps to dominate the future of connected vehicles by dominating the software and hardware systems associated with those cars. But connected vehicles with Chinese software and hardware systems could expose the American people to new risks. Without the appropriate safeguards in place, sensitive data on Americans could be passed to Chinese authorities, or connected vehicles might provide a backdoor for malicious foreign actors to engage in espionage or sabotage.

    That is why, today, the Department of Commerce is using its ICTS (Information and Communications Technology Services) authorities for the first time to propose a new rule that would ban vehicles that rely on Chinese software and hardware from driving on American roads.

    Recall that for years China has required vehicle and battery makers to rely on Chinese data centers and software providers as a condition of operating in China.

    In effect, this rule will protect against potential vulnerabilities while allowing Americans to benefit from all that connected vehicles and technological innovation have to offer. 

    Investing in America’s Auto Workforce and Small Suppliers

    Third — we are investing in the autoworkers and small suppliers that are the backbone of our auto sector. We want to ensure that the next generation of leading American autos is produced by union autoworkers and that no auto community is left behind, especially here in Michigan.

    Today, we are unveiling new resources for workers through the new Michigan Workforce Hub. This spring, the President designated Michigan as a Workforce Hub to help Michigan workers prepare for the good jobs created by historic investments in the EV supply chain. The Workforce Hub, which we’ve developed in partnership with the Michigan Department of Labor and Economic Opportunity, will expand pathways to EV and battery manufacturing jobs and union jobs, particularly for underserved communities in the state.

    Today, the Department of Labor and the Michigan Department of Labor and Economic Opportunity are announcing a new pilot program to train workers in Wayne County for over 140 high-quality jobs in the auto supply chain, partnering with local automotive employers to enable workers to earn a paycheck while they train, addressing a major barrier to enrollment.

    In addition, the Department of Energy’s Battery Workforce Challenge Program is announcing over $1 million to fund curriculum, equipment, internships, and job placements in community colleges, high-schools, and training institutions across the state. Henry Ford Community College, for example, will receive $200,000 in seed funding to establish a state-of-the-art Battery and Electric Vehicle Technical Center. Key partners in these programs will include the Michigan Economic Development Corporation, high schools, vocational institutions, community colleges and universities, and battery and automotive manufacturers.

    Through our Good Jobs Executive Order, we’re ensuring the benefits of federal grants and investments accrue to workers and communities. For instance, the projects receiving Domestic Conversion Grants will create nearly 3,000 new good-paying auto jobs and retain 15,000 high skilled, union jobs. As a condition for these grants, manufacturers committed to supporting their local communities and workforce. By supporting strong investments, we also support pathways to the middle class, including through union jobs.

    For instance, Blue Bird pledged to expand training programs in local high schools and invest in childcare for working parents at its facilities. And ZF North America is using their Conversion grant to retain and retrain 536 workers – mostly UAW workers – at its facility in Marysville, Michigan, for the production of components to electrify vehicles.

    Last year, the UAW secured record contracts with the Big 3 that will help ensure an equitable transition to electric vehicles. Since then, we have seen a large number of additional automakers announce record wages, and a rise in new labor organizing. From Tennessee to Georgia, and in new battery plants in Ohio and Michigan, workers in the EV supply chain are seeing the benefits of joining a union.

    Our auto workforce also includes hundreds of small and medium-size suppliers manufacturing products ranging from screws and bolts to e-axles. The U.S. economy has added more than 55,000 jobs in manufacturing automobile parts and bodies during this Administration. Many are based here in Michigan: in fact, 96 of the top 100 auto suppliers in North America do business in Michigan and 60 are headquartered here.

    This summer, Vice President Harris came here to Detroit to announce more than $100 million from across the federal government to support small- and mid-sized suppliers and parts manufacturers. That includes. millions of dollars we set aside from the manufacturing conversion grants program for states to make awards to small- and medium-sized suppliers because we heard from officials and suppliers right here in Michigan that smaller manufacturers struggle to tap into large federal grant programs directly.

    Today, we are building on the Vice President’s announcement with additional actions to support capital access for small- and medium-sized suppliers. This includes a commitment from Monroe Capital to launch a new fund of up to $1 billion to provide lower-cost debt capital to auto manufacturers, as well as a $9.1 million grant from the Department of Treasury to launch the Michigan Auto Supplier Transition Program, which will help small and underserved automotive manufacturers and aftermarket suppliers secure financing to scale and shift to supply the EV supply chain.
    Conclusion

    Our economic resilience and national security have been tied to the strength of our auto sector for the past century. Now it is critical the U.S. auto sector is positioned to lead the 21st century.

    We believe that an investment in our auto supply chain – especially here in Michigan – is one of the best investments we can make. That’s why we are investing across the supply chain and strengthening our suppliers, small businesses, workers, and communities that are the lifeblood of the industry.

    Today’s announcements underscore our commitment to auto communities, union jobs, and to the competitiveness and safety of the U.S. auto sector. It is part of a comprehensive approach that is forward looking and leverages the strengths of American manufacturing and the talents of American automakers – here in Detroit, throughout Michigan, and across the country.

    ###

    MIL OSI USA News

  • MIL-OSI: Independent Bank Corporation Announces Date for Its Third Quarter 2024 Earnings Release

    Source: GlobeNewswire (MIL-OSI)

    GRAND RAPIDS, Mich., Sept. 23, 2024 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2024 third quarter results on Thursday, October 24, 2024, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company’s website.

    Brad Kessel, President and CEO, Gavin Mohr, CFO and Joel Rahn, EVP Commercial Banking will review the quarterly results in a conference call for investors and analysts beginning at 11:00 am ET on Thursday, October 24, 2024.

    To participate in the live conference call, please dial 1-833-470-1428 (Access Code # 957797). Also the conference call will be accessible through an audio webcast with user-controlled slides via the following event site/URL: https://events.q4inc.com/attendee/824908063.

    A playback of the call can be accessed by dialing 1-866-813-9403 (Access Code # 159381). The replay will be available through October 31, 2024.

    About Independent Bank Corporation

    Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $5.3 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan’s Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments, insurance and title services. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.

    For more information, please visit our website at: IndependentBank.com.

       
    Contact: William B. Kessel, President and CEO, 616.447.3933
      Gavin A. Mohr, Chief Financial Officer, 616.447.3929 
       

    The MIL Network

  • MIL-OSI Russia: Financial news: Three Federal Treasury deposit auctions will take place on 09/24/2024

    MIL OSI Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    Application selection parameters
    Date of the selection of applications 09.24.2024
    Unique identifier of the application selection 22024484
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 289,000
    Placement period, in days 2
    Date of deposit 09.24.2024
    Refund date 09.26.2024
    Interest rate for placement of funds (fixed or floating) FIXED
    Minimum fixed interest rate for placement of funds, % per annum 18.14
    Basic floating interest rate for placement of funds
    Minimum spread, % per annum
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 09:30 to 09:40
    Preliminary applications: from 09:30 to 09:35
    Applications in competition mode: from 09:35 to 09:40
    Formation of a consolidated register of applications: from 09:40 to 09:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 09:40 to 10:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 10:00 to 11:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 10:00 to 11:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n
    Application selection parameters
    Date of the selection of applications 09.24.2024
    Unique identifier of the application selection 22024478
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 20,000
    Placement period, in days 182
    Date of deposit 09.24.2024
    Refund date 03/25/2025
    Interest rate for placement of funds (fixed or floating) FLOATING
    Minimum fixed interest rate for placement of funds, % per annum
    Basic floating interest rate for placement of funds RUONmDS
    Minimum spread, % per annum 0.00
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 12:30 to 12:40
    Preliminary applications: from 12:30 to 12:35
    Applications in competition mode: from 12:35 to 12:40
    Formation of a consolidated register of applications: from 12:40 to 12:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 12:40 to 13:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 13:00 to 14:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 13:00 to 14:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    RUONmDS = RUONIA – DS, where

    RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a publication of the RUONIA rate value on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.

    DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.

    Application selection parameters
    Date of the selection of applications 09.24.2024
    Unique identifier of the application selection 22024479
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 100,000
    Placement period, in days 35
    Date of deposit 09/25/2024
    Refund date 10/30/2024
    Interest rate for placement of funds (fixed or floating) FLOATING
    Minimum fixed interest rate for placement of funds, % per annum
    Basic floating interest rate for placement of funds RUONmDS
    Minimum spread, % per annum 0.00
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 15:30 to 15:40
    Preliminary applications: from 15:30 to 15:35
    Applications in competition mode: from 15:35 to 15:40
    Formation of a consolidated register of applications: from 15:40 to 15:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 15:40 to 16:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 16:00 to 17:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 16:00 to 17:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    RUONmDS = RUONIA – DS, where

    RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a publication of the RUONIA rate value on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.

    DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.

    Contact information for media 7 (495) 363-3232PR@moex.com

    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 accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73339

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Security: Mount Pleasant — Mount Pleasant man arrested on child pornography charges

    Source: Royal Canadian Mounted Police

    The Nova Scotia RCMP’s Provincial Internet Child Exploitation (ICE) Unit has arrested a Mount Pleasant man for child pornography offences.

    On September 11, ICE and RCMP Digital Forensic Services, assisted by Cumberland County District RCMP and the Cumberland Integrated Street Crime Enforcement Unit, executed a search warrant at a home in Mount Pleasant.

    Investigators were directed to the residence after an electronic service provider notified law enforcement that child pornography was being shared using their service.

    As a result of the search and subsequent investigation, Winston Kechego, 31, has been charged with two counts of Transmitting Child Pornography and three counts of Possessing Child Pornography.

    Kechego was released on conditions and is scheduled to appear in Amherst Provincial Court on November 4.

    In Nova Scotia, it is mandatory for citizens to report suspected child pornography. This means that anyone who encounters child pornography material or recordings must report it to police. Failure to report could result in penalties similar to failure to report child abuse under the Child and Family Services Act. The RCMP encourages citizens to be a voice for children who are victims of sexual exploitation by reporting suspected offences to their local police or by using Canada’s national tip line: www.cybertip.ca.

    File #: 2023-1855956

    Note: The Cumberland Integrated Street Crime Enforcement Unit includes members of the Cumberland County District RCMP and the Amherst Police Department.

    MIL Security OSI

  • MIL-OSI Europe: Leading African fund managers receive awards for supporting promising entrepreneurs and start-ups across the continent

    Source: European Investment Bank

    • First Circle Capital, SpeedInvest and Knife Capital achievements awarded for their work in African venture capital.
    • The Africa Venture Finance Programme at Oxford’s Saïd Business School hosted 41 prominent African and Africa-focused venture capital fund managers, with more than half of them being women.
    • The programme is funded by the EU, through Boost Africa, and by the AfricaGrow Technical Assistance Facility financed by the Federal Ministry for Economic Cooperation and Development through KfW

    African venture capital (VC) fund managers First Circle Capital, SpeedInvest and Knife Capital have all received awards recognising their success in supporting promising entrepreneurs and start-ups across African countries. The awards were presented during the Africa Venture Finance Programme, a week-long, in-person course, organised for the third time at Oxford university’s Saïd Business School from 9 to 13 September 2024. The programme aims to support VC fund managers investing in early and growth-stage technology companies in Africa, with Boost Africa and AfricaGrow hosting 41 leading fund managers from 31 African VC funds.

    The ‘Most Promising Fund Manager’ award was given to the all-female team from First Circle Capital, who invest in and support early-stage fintech founders.

    The ‘Best Deal’ award went to SpeedInvest for their investment in Moove, a rapidly growing company providing vehicle financing and supply solutions.

    Lastly, the ‘Lifetime Achievement Award’ was presented to Keet van Zyl, founding partner of South Africa-based Knife Capital, in recognition of his contributions to the venture ecosystem and leadership.

    “We are proud of Boost Africa’s role in supporting a vibrant and resilient VC ecosystem in Africa and helping African entrepreneurs transform their ideas into successful businesses,” said EIB Vice-President Ambroise Fayolle. “The EIB is committed to financing new technology and ideas that will address the global challenges we all face.”

    The shortlisted candidates were peer-selected by fellow fund managers, and a panel of judges composed of limited partners determined the winners from the shortlisted candidates. Investors from funds including Partech, AfricInvest, TLcom, Norssken, Speedinvest came together to discuss innovative solutions for Africa’s unique challenges. The five-day event allowed participants to share expertise and facilitate discussions to drive rapid growth in Africa’s technology venture capital sector. Attendees from all over the continent took part, with more than half of them being women, reflecting increased gender inclusiveness within venture capital leadership.

    Several Oxford academics joined the group discussions covering a wide range of topics such as the growing need for innovative funding instruments and the influence of artificial intelligence (AI) on the continent’s future. Additionally, several prominent African investors attended the forum to share best practices and discuss the way forward. Participants engaged with representatives from different development finance institutions and international organisations. This included Andrea Clerici, Director for Corporate Finance & Global Activities at the European Investment Bank, and delegates from the European Commission and the Organisation of African, Caribbean and Pacific States.

    “The opportunity to exchange confidential insights, discuss inherent challenges, and ultimately build deeper human bonds is essential for strengthening our collective ability to build our VC ecosystem together. No other conference or event has provided anywhere near as much value as this one.” – Nivesh Pather, Principal at Norrsken22.

    “It is important for me to always be learning. The trends in our part of the world are equal parts cyclical and rapidly evolving. We heard so many fresh perspectives and voices coupled with experience. I left Oxford with a renewed commitment to focus on the how.” –  Ory Okolloh, Partner at Verod-Kepple Africa Ventures.

    This year’s Africa Venture Finance Programme proved once again the enormous potential of venture capital in Africa. A whole new generation of investors are taking the long view on building an entire new ecosystem. At Oxford Saïd Business School we are proud to be part of supporting this journey which will transform African economies, one startup at a time!” – Thomas Hellmann, Professor of Entrepreneurship and Innovation, Saïd School of Business, Oxford University

    The Africa Venture Finance Programme is supported by the EU via the Boost Africa programme and by the AfricaGrow Technical Assistance Facility.

    Background information

    About Boost Africa

    Boost Africa is a joint initiative between the European Investment Bank and the African Development Bank (AfDB) to enable and enhance entrepreneurship and innovation across Africa in a commercially viable way. It addresses a current gap in the African market by providing early-stage venture capital paired with skills development.

    Boost Africa focuses on financial intermediaries investing in innovative business models and start-ups developing digital solutions across various sectors including, inter alia, information and communication technologies (ICT), healthcare, climate mitigation and adaptation, education, financial services, and manufacturing sectors. There is a particular emphasis on financial intermediaries focusing on youth and women and on sectors where innovation can improve the quality of people’s lives, in particular for lower-income households.

    Boost Africa Technical Assistance Facility, part of the broader Boost Africa programme, provides bespoke support to strengthen the core professional and operational skills of partner fund managers and their investees to realise growth potential among innovative tech start-ups and high growth SMEs in Africa. The Facility is funded by the European Commission and the Organisation of African, Caribbean and Pacific States, through the 11th European Development Fund. The funding is managed by the European Investment Bank (EIB) and implemented by Adam Smith Europe, part of the Adam Smith International Group.

    About AfricaGrow

    The AfricaGrow Fund of Funds is a blended finance vehicle managed by Allianz Global Investors and serves as a catalyst for private capital into Africa by providing a de-risked capital structure for institutional investors, fostering indirect investments into African Small and Medium Enterprises (SMEs) and start-ups via local Private Equity and Venture Capital fund investments. Its LPs are DEG, KfW – on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ) and Allianz insurance companies.

    As a legally independent entity, AfricaGrow is a central instrument of the Compact with Africa (CwA) initiative, which was launched in 2017 under the 50 German G20 presidency. The Technical Assistance Facility is funded by the German Ministry for Economic Cooperation and Development (BMZ) through KfW, while the fund is managed by Allianz Global Investors and advised by DEG Impact GmbH.

    About the EIB

    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Improving digital infrastructure in rural areas – E-001489/2024(ASW)

    Source: European Parliament

    The Commission is committed to ensuring that everyone, everywhere in the EU has access to performing digital infrastructure and fast Internet connections. The Digital Decade Policy Programme (DDPP) sets ambitious targets like gigabit connectivity for all EU households and 5G coverage across all populated areas by 2030[1].

    The White Paper[2] presents the challenges and opportunities Europe faces in the rollout of future connectivity networks and proposed a series of scenarios to make the EU regulatory and investment frameworks fit to facilitate the achievement of EU digital objectives.

    According to the second annual report on the State of the Digital Decade[3], which monitors the implementation of the DDPP, very high-capacity networks (VHCN) coverage in the EU’s rural areas at the end of 2023 reached 56% of households, while 5G coverage made it to 74%. Reaching the targets may require at least a total investment of EUR 148 billion[4], including both private and public funding.

    The Commission supports the deployment of performing digital infrastructure through the Connecting Europe Facility (CEF) Digital with a budget of EUR 1.7 billion. CEF Digital inter alia supports 5G infrastructure for rural communities in sectors like smart farming.

    In addition, the allocation to digital connectivity under the recovery and resilience facility (RRF) reaches almost EUR 14 billion[5]. In Austria, the RRF provides support for the deployment of performing digital infrastructure and fast Internet connections in rural areas through the Austrian federal state aid broadband scheme[6] approved by the Commission in March 2022.

    The Commission also supports the implementation of the Infrastructure for Resilience, Interconnectivity and Security by Satellite ( IRIS2) programme[7] with a budget of EUR 2.4 billion, which will also ensure fast Internet connections in rural areas, as satellite broadband can bring broadband services with up to 250 Mbps download speeds.

    Finally, the EU is also leveraging connectivity investments through cohesion funds, e.g. by the European Regional Development Fund (ERDF) (about EUR 2.3 billion[8]) and through InvestEU[9].

    • [1] The Digital Decade Decision sets out digital targets grouped into four cardinal points, which were first identified in the Digital Compass Communication (COM/2021/118 final) (https://eur-lex.europa.eu/legal-content/en/TXT/?uri=CELEX%3A52021DC0118 ) as key areas for the digital transformation of the EU: digital skills, digital infrastructures, the digitalisation of businesses and the digitalisation of public services.
    • [2] https://digital-strategy.ec.europa.eu/en/library/white-paper-how-master-europes-digital-infrastructure-needs
    • [3] https://digital-strategy.ec.europa.eu/en/news/second-report-state-digital-decade-calls-strengthened-collective-action-propel-eus-digital
    • [4] https://digital-strategy.ec.europa.eu/en/library/investment-and-funding-needs-digital-decade-connectivity-targets
    • [5] https://ec.europa.eu/economy_finance/recovery-and-resilience-scoreboard/assets/thematic_analysis/scoreboard_thematic_analysis_connectivity.pdf
    • [6]  ‘Broadband Austria 2030’ scheme is part of Austria’s strategy to address the needs of citizens and businesses in the context of digitalisation and focuses on rural areas first.
    • [7] https://defence-industry-space.ec.europa.eu/eu-space/iris2-secure-connectivity_en
    • [8] https://ec.europa.eu/regional_policy/funding/available-budget_en
    • [9] https://digital-strategy.ec.europa.eu/en/policies/broadband-public-and-private-funds-financing-broadband-deployments

    MIL OSI Europe News

  • MIL-OSI Security: Shenandoah Man Sentenced to Seven Years in Federal Prison for Receipt of Child Pornography

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    COUNCIL BLUFFS, Iowa – A Shenandoah man was sentenced today to seven years in federal prison for receipt of child pornography.

    According to public court documents, Evaristo Hernandez Flores Carnes, 34, uploaded images and videos containing child sex abuse material to a social media application. Law enforcement executed search warrant at Carnes’s residence and seized a cell phone that was later found to contain images and videos of child sex abuse material.

    After completing his term of imprisonment, Carnes will be required to serve a five-year term of supervised release. There is no parole in the federal system.

    United States Attorney Richard D. Westphal of the Southern District of Iowa made the announcement. This case was investigated by the Iowa Division of Criminal Investigation (DCI), DCI Internet Crimes Against Children Task Force, Shenandoah Police Department, and Federal Bureau of Investigations.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice. Led by U.S. Attorneys’ Offices and the Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit https://www.justice.gov/psc.

    MIL Security OSI

  • MIL-OSI: WISeKey Announces OISTE’s Participation at the Summit of the Future

    Source: GlobeNewswire (MIL-OSI)

    WISeKey Announces OISTE’s Participation at the Summit of the Future

    New York, New York – September 23, 2024: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leader in cybersecurity, AI, Blockchain, and IoT operating as a holding company, today announced that OISTE.org, a non-governmental organization, recently participated in a pivotal event at the UN Headquarters in New York, where world leaders gathered for the Summit of the Future.

    OISTE holds special consultative status with the United Nations Economic and Social Council (ECOSOC) and actively engages with multiple key international bodies, such as the Human Rights Council, the International Telecommunications Union, Clinton Initiative and the World Summit on the Information Society (WSIS). These interactions position OISTE as a significant player in the global conversation around digital identity and the protection of human rights in the digital age.

    During the summit, the “Pact for the Future”, a potentially transformative global agreement designed to reshape multilateral governance for a new era, was unanimously adopted. The pact aims to provide a framework for addressing ongoing global commitments, such as sustainable development, human rights, and climate action, while tackling long-term challenges such as digital equity and global security.

    The Summit of the Future represents a unique opportunity to rethink the multilateral system and forge new solutions to some of humanity’s most pressing issues, including the ever-evolving role of technology in global governance and human rights. Although the pact was broadly accepted, a small group of seven countries opposed a last-minute amendment, delaying its full implementation.

    OISTE’s involvement at such high-level forums underscores its commitment to fostering digital trust and inclusion across borders, emphasizing the need for secure digital identities that uphold human dignity in the digital era. The organization’s work aligns closely with the global goals of achieving fairness, accountability, and sustainability in digital infrastructures, ensuring no one is left behind in the new digital age.

    The foundation’s critical analysis emphasized the urgent need for a decentralized approach to AI, advocating for systems that align with local legislations and prioritize the protection of individual freedoms and self-sovereignty in cyberspace.

    As global reliance on artificial intelligence (AI) increases, OISTE highlights the dangers posed by the concentration of AI technological control in the hands of a select few tech giants. These entities, often more focused on unchecked progression, overlook the critical aspect of individual data protection, leading to a landscape where advancements in AI are viewed as an unregulated step in evolution.

    The intervention by OISTE underscores the necessity for multiple, diversified AI systems, particularly those that respect and adhere to national laws and future international norms. The foundation brought attention to several pivotal reasons, emphasizing ethical considerations, bias mitigation, societal implications, and the diversity inherent in legal systems worldwide.

    For more information about OISTE’s initiatives and its role in shaping the future of digital governance, visit https://oiste.org.

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

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

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

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

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact:  Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com 
    WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611 / lcati@equityny.com
    Katie Murphy
    Tel: +1 212 836-9612 / kmurphy@equityny.com

    The MIL Network

  • MIL-OSI: Bitget and Foresight Ventures Invest $30 Million in TON Blockchain to Accelerate Growing Telegram-based Projects

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 23, 2024 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, and Foresight Ventures, a leading Web3 investment firm, have announced a strategic investment of $30 million into TON (The Open Network) Blockchain. This investment will be allocated through the acquisition of TON tokens and aims to accelerate further the adoption of Tap-to-Earn, GameFi, and new emerging trends within the TON ecosystem.

    The TON-based projects present a strong use case for mass adoption through the Telegram ecosystem, which has seen substantial growth in recent years as it expands its offerings for Web3 startups. According to a recent TON report from Bitget Research, TON Blockchain, which benefits from Telegram’s 950 million users, has rapidly become one of 2024’s fastest-growing blockchains. It has experienced over tenfold growth in on-chain transactions, ecosystem TVL, and DEX trading volume, with viral dApps like Catizen, DOGS, and Tomarket amassing millions of users.

    The commitment to TON Blockchain comes at a time when Bitget has witnessed remarkable growth in its user base. By focusing on ecosystem development and expanding its services, Bitget has grown its global user count to 45 million in Q3 2024, almost doubling in the past 12 months. This surge is partly attributed to the increasing demand for innovative projects, particularly those driven by platforms like TON.

    In 2024, Bitget Wallet contributed to the TON ecosystem with TONNECT 2024, a major online event aimed at accelerating the growth of emerging dApps in the TON ecosystem. Thanks to TON’s growing user interest in Bitget’s decentralized wallet, Bitget Wallet continuously topped the charts amongst all apps in Nigeria taking over world-famous apps such as TikTok and WhatsApp on Apple’s App Store.

    “As Bitget continues to BUIDL around The Open Network, our investment in the TON ecosystem provides a solid foundation for driving initiatives that align with our vision. By integrating our expertise in crypto infrastructure with TON’s decentralized architecture, we are well-positioned to strengthen the development of innovative products and solutions. Together, we are bringing the crypto industry closer to mass adoption than ever before.” commented Gracy Chen, CEO at Bitget.

    “The surge of the TON ecosystem represents the biggest growth opportunity in the cryptocurrency market this year, and in the next 3 to 5 years. Over the past six months, TON’s TVL has increased 18-fold, reaching $350 million.” Forest Bai, Co-Founder and CEO of Foresight Ventures, stated: “The ecosystem currently boasts over 1,000 dApps, with many applications having millions of users. We hope to continue supporting developers within the TON ecosystem by providing investment, incubation, and marketing support.”

    With the $30 million investment, Bitget and Foresight Ventures will engage more deeply in the future development plans of TON Blockchain, supporting the emergence and go-to-market of more blockbuster dApps on TON.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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

    About Foresight Ventures
    Foresight Ventures is the first and only crypto VC bridging East and West. With a research-driven approach and offices in the US and Singapore, we are a powerhouse in crypto investment and incubation. Our premier media network includes The Block, Foresight News, BlockTempo, and Coinness. We aggressively invest in the most daring innovations and are dedicated to partnering with visionary projects and top teams to help them succeed, reshaping the future of digital finance and beyond.

    Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d47bf052-c6ad-4223-b4cf-bf2554a6fafc

    The MIL Network

  • MIL-OSI Economics: 350 Students of Samsung Innovation Campus certified in Future-Tech Skills at Deen Dayal Upadhyaya Gorakhpur University in Presence of Shri Yogi Adityanath, Honourable Chief Minister, Uttar Pradesh

    Source: Samsung

     
    Samsung India’s flagship CSR initiative, the ‘Samsung Innovation Campus,’ (SIC) has concluded its Coding & Programming, Artificial Intelligence (AI), Big Data and Internet of Things (IoT) courses for 350 students in Gorakhpur at Deen Dayal Upadhyaya Gorakhpur University. The students were handed over certificates of completion by the Honourable Chief Minister of Uttar Pradesh, Shri Yogi Adityanath at a ceremony held at the University premises. This initiative reiterates the brand’s commitment to being a strong partner of the country and working alongside the government in its mission to skill India and power #DigitalIndia.
     
    Senior Samsung executives and representatives from the Electronics Sector Skills Council of India (ESSCI), which collaborated in training and mentoring the students were also present during the occasion. A total of 350 students were awarded certificates across various future-tech domains, including 150 in Coding & Programming, 100 in Artificial Intelligence, 50 in Big Data, and 50 in Internet of Things (IoT).
     
    Samsung will train 3500 students across India as part of this programme in 2024. At the conclusion of the 2024 programme top performers of Samsung Innovation Campus will be awarded a cash prize of INR 1 lakh and will have the chance to visit Samsung’s facilities in Delhi/NCR. During these visits, they will have the opportunity to engage with and receive mentorship from Samsung’s leadership team. Not just that, the national course toppers will also receive exciting Samsung products, including Samsung Galaxy Buds and Samsung Galaxy Smartwatches.
     
    “Samsung has been in India for around 29 years now and Uttar Pradesh has been a hub for manufacturing and research-led initiatives for Samsung during this time. We are a committed partner to the growth story of both India and Uttar Pradesh. Through Samsung Innovation Campus, our flagship CSR programme, we are committed to the mission of educating the youth of the nation in future-tech skills, which will strengthen our vision of powering Digital India,” said Mr. JB Park, President and CEO, Samsung Southwest Asia.
     
     “Skill development of the youth is a key priority of the Government of Uttar Pradesh. We welcome this initiative by Samsung that will impart employment-oriented future-tech skills to our students. Samsung has been a strong partner of Uttar Pradesh for many years, and this programme will further strengthen our bond,” said Shri Yogi Adityanath, Honourable Chief Minister of Uttar Pradesh.
     
     “This collaboration reinforces the shared vision of equipping India’s youth with the skills needed for the jobs of tomorrow. It is heartening to see the programme expand and reach a vast pool of young talent across the country, including those in remote areas. Through this initiative we want to empower the youth and create opportunities for them in domains like Coding & Programming, Artificial Intelligence, Big Data, and Internet of Things,” said Dr. Abhilasha Gaur, CEO, Electronics Sector Skills Council of India.
     
    Samsung Innovation Campus offers in-depth training across four key technology areas — AI, IoT, Big Data, and Coding & Programming. Students gain hands-on experience through capstone projects and soft skills training aimed at boosting their employability. The AI course participants undergo 270 hours of theory training followed by 80 hours of project work, while those enrolled in IoT and Big Data courses receive 160 hours of theory training and complete 80 hours of project work. Participants in the Coding & Programming course complete 80 hours of training and take part in a hackathon.
     
    The programme covers eight educational institutions across four states. In the northern region, training centres are established in Lucknow and Gorakhpur, besides two in Delhi NCR. In the southern region, which includes Tamil Nadu and Karnataka, training centres are located in Chennai and Sriperumbudur, in addition to two in Bengaluru.
     
    During the programme, participants will continue to receive instructor-led blended classroom and online training. Youth enrolled for the programme will undergo classroom and online training and complete their hands-on capstone project work in their selected technology areas in AI, IoT, Big Data and Coding & Programming.
     
    They will also be imparted soft skills training to enhance their employability. The participants are being mobilized through ESSCI’s training and education partners across India. The approach includes a combination of offline and online learning, immersive hackathons and capstone projects, as well as expert mentorship provided by Samsung employees.
     
    During 2023, Samsung Innovation Campus successfully trained 3000 students in future-tech courses. Samsung’s involvement in this initiative underscores its commitment to nation building through Corporate Social Responsibility (CSR) activities in India. It complements Samsung’s other CSR endeavours, including Samsung Solve for Tomorrow. Through these initiatives, Samsung aims to empower future leaders of India by providing them with the necessary education and skills to drive meaningful change.
     
    With the global CSR vision of ‘Together for Tomorrow! Enabling People’, Samsung Electronics is committed to provide education to young people around the world to empower the leaders of tomorrow. Read more stories on Samsung Electronics’ CSR efforts on our CSR webpage http://csr.samsung.com

    MIL OSI Economics

  • MIL-OSI Asia-Pac: Ministry achieves 100 days target with the launch of Ideas4LiFE portal for inviting ideas related to products and services for inducing behavioral changes related to environment-friendly lifestyles

    Source: Government of India (2)

    Ministry achieves 100 days target with the launch of Ideas4LiFE portal for inviting ideas related to products and services for inducing behavioral changes related to environment-friendly lifestyles

    Ministry’s #Ideas4LiFE Initiative Gains Momentum with 46.5 million Impressions, 13.5 million Reach, and Over 1000 Ideas Submitted on Portal

    Ideas4LiFE Ideathon Covers Seven Key Themes Aligned with Mission LiFE: Water Conservation, Energy Efficiency, Waste Reduction, and More

    Posted On: 23 SEP 2024 2:05PM by PIB Delhi

    Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav, launched the Ideas4LiFE portal on 29th July 2024 at the Indian Institute of Technology, Delhi for inviting innovative ideas related to products and services, which induce behavioral changes related to environment-friendly lifestyles.

    The portal ‘Ideas4Life.nic.in’, created in partnership with UNICEF YuWaah, will allow participants to submit their ideas and innovations online. The winning ideas under each of the seven themes of Mission LiFE will be recognized and awarded with attractive prizes for individuals as well as for institutions.

    Further, an event aiming to inspire innovative environmental solutions, at IIT Bombay, was organised on 31st Aug’24 in collaboration with the State Environment Department, Government of Maharashtra. Therein Union Minister Bhupender Yadav announced the extension of deadline for idea submission in Ideas4LiFE from 15th September to 15th October 2024.

    Partnerships with key educational bodies like the University Grants Commission (UGC) and the All-India Council for Technical Education (AICTE) to strengthen the initiative’s presence in academic institutions, encouraging students, faculty, and researchers nationwide to contribute innovative ideas toward sustainable living has been made.

    The UGC, AICTE, IITs, and various educational institutions nationwide will play a key role in promoting the Ideas4LiFE Ideathon among students, researchers, and the academic community. They are encouraged to contribute innovative, citizen-focused ideas and technologies that promote environmentally friendly lifestyles. The Ideathon encompasses seven themes aligned with the Mission LiFE: Water Conservation, Energy Efficiency, Waste Reduction, E-Waste Management, Minimizing Single-Use Plastics, Embracing Sustainable Food Practices, and Fostering Healthy Lifestyles.

    The Ministry is also propagating the ideas4LiFE initiative through social media outreach on #Ideas4LiFE.  As on date appx 3300 registrations and 1000 ideas have been received at the Ideas4LiFE portal. Social Media Outreach of the #Ideas4LiFE shows that there are 46.5 million impressions and 13.5 million reach.

    It is planned to further amplify the reach of campaign by having meetings with UGC/AICTE/ Department of Education/ State Governments etc. After the culmination of the challenge, innovative ideas will be evaluated by a jury to announce shortlisted and winning ideas. These ideas will not only be recognized with attractive prizes but will also be part of a national repository of innovations. These can be nurtured, scaled, and implemented by various stakeholders, including government bodies and private entities.

    *****

    NB/GS

    (Release ID: 2057810) Visitor Counter : 84

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Health Bureau designates operator of Greater Bay Area International Clinical Trial Institute through open tender

    Source: Hong Kong Government special administrative region

    Health Bureau designates operator of Greater Bay Area International Clinical Trial Institute through open tender
    Health Bureau designates operator of Greater Bay Area International Clinical Trial Institute through open tender
    ******************************************************************************************

         The Health Bureau (HHB) announced today (September 23) that, after months of preparation with full effort since the Chief Executive put forward in the Policy Address last October the establishment of the Greater Bay Area International Clinical Trial Institute (GBAICTI) in the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone (i.e. the Hong Kong-Shenzhen Innovation and Technology Park), the GBAICTI is anticipated to come into full operation in the fourth quarter of this year at the Central Government-Aided Emergency Hospital in the Hetao area upon completion of the construction of its temporary office and biobank therein. The GBAICTI plans to move into one of the wet laboratory-enabled buildings, which is expected to complete construction later in the Hong Kong-Shenzhen Innovation and Technology Park, with a view to enhancing Hong Kong’s innovation and technology ecosystem in a proactive manner.     The HHB established the Greater Bay Area International Clinical Trial Institute Limited in the second quarter of this year and designated the LKS Faculty of Medicine of the University of Hong Kong through an open tender process in the third quarter to operate the GBAICTI. The Greater Bay Area International Clinical Trial Institute Limited is wholly owned by the Government to oversee the work of the operator and effectively supervise the operations of the GBAICTI.     Clinical trials are an important process in translating basic research on drug and medical device innovation into marketing authorisation and clinical application. The Hong Kong Special Administrative Region (HKSAR) has high-quality healthcare professions, and a considerable amount of high-quality research data generated by local clinical trials over the years has been widely recognised by drug regulatory authorities both on the Mainland and abroad. The GBAICTI will serve as a one-stop clinical trial support platform to co-ordinate and integrate clinical trial resources in Hong Kong’s public and private sectors, including universities, the Hospital Authority and private healthcare facilities, to give impetus to the development of clinical trials on all fronts.     The Secretary for Health, Professor Lo Chung-mau, said, “The establishment of the GBAICTI in the strategic location of the Hetao area can combine the strengths of Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), and leverage the development positioning of the Hetao Area for technology innovation and institutional innovation as well as the related cross-boundary facilitation measures, to provide multinational pharmaceutical enterprises, Mainland innovative biopharmaceutical enterprises, hospitals and research institutions with more efficient services, encouraging them to conduct clinical trials in Hong Kong and the GBA, thereby expediting the translation of research results. We hope that this will attract more pharmaceutical and medical device enterprises within and outside Hong Kong to conduct clinical trials in Hong Kong to further enhance the city’s capacity, recognition and status in terms of clinical trials and support a progressive transition to a primary evaluation approach for drug registration in Hong Kong.”     The National 14th Five-Year Plan has expressed clear support to develop Hong Kong into an international innovation and technology hub. The Development Plan for Shenzhen Park of Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone promulgated by the State Council in August last year also indicated clear support for the co-ordinated development of the Hong Kong Park and the Shenzhen Park under the “one zone, two parks” model to promote the innovative application of cutting-edge biomedical technologies. The GBAICTI in the Hong Kong Park and the Greater Bay Area International Clinical Trial Centre in the Shenzhen Park will join forces to synergise the development of clinical trials, drive co-operation among the clinical trial networks of the HKSAR and the Mainland (the GBA in particular), and at the same time co-ordinate clinical trial work of both places to comply with national and international standards.     The GBAICTI will formulate work plans on initiatives including talent training, optimisation of processes and collaboration in the GBA. Details will be announced in due course.

     
    Ends/Monday, September 23, 2024Issued at HKT 18:01

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Translation: 22/09/2024 More than 26,000 soldiers are being sent to aid operations in flood areas

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    Over 26 thousand soldiers are being sent to aid operations in flood areas22.09.2024At the moment, 23,310 soldiers are directly involved in the aid operation for flood victims. A total of 26,041 soldiers are being sent to aid operations, to these aid operations in several provinces. (…) Some soldiers are moving north, ahead of the wave. (…)Higher military schools are being added, the Support Inspectorate is being added, other formations such as cyber troops, which are fighting against illegal collections on the Internet, fighting against fraudsters who want to take advantage of good hearts and set up fictitious collections. We will not allow this. All detected illegal collections or other activities are being reported to the appropriate services – Deputy Prime Minister Władysław Kosiniak – Kamysz informed on Sunday in Wrocław.

    On September 22, the head of the Ministry of National Defense met with soldiers and volunteers who are delegated to help at the collection and repacking point for flood victims, which operates in Wrocław. We would like to thank you very much for all the gifts given to the flood victims. They are very much needed today, but coordination of this aid action is also very much needed. Here, gifts from all over the country are brought to the hub in Wrocław. Everyone together can deliver aid here. Here, it is reloaded, sorted and sent to places where this aid is needed. We ask you to reach the hubs. (…) I would like to thank the soldiers of the operational forces, soldiers of the Territorial Defense Forces, because without them it would not be possible to reload and pack this aid so quickly on cars that are going to places most affected by the flood – said the head of the Ministry of National Defense. Deputy Prime Minister Kosiniak – Kamszysz reminded that the main task of the soldiers is still to strengthen the embankments, where water is expected and to clean up the flood areas. Today, the Polish Army is involved in several areas. First of all, evacuation and protection of life. Para bromear always a priority. Although recently there have been days without evacuation of the population, without the use of helicopters for evacuation or other equipment, saving lives is still ongoing. The hospital in Nysa has already achieved full readiness a few days ago and is accepting patients. (…) This shows how important this immediate decision was to create a field hospital, right next to the hospital, which was flooded. In addition, the army is cleaning and drying the hospital in Nysa so that it can be opened as soon as possible. Para bromear a large hospital of significant importance. (…) Other activities of the army include strengthening the embankments and cleaning up flood areas, including in Lądek Zdrój, Stronie Śląskie, Głuchołazy, the rural commune of Kłodzko, Kłodzko and many smaller towns – the minister noted. The head of the Ministry of National Defense emphasized that the military is constantly developing medical care for residents of flood areas. A very important task is to reach out with medical assistance. We are launching military, mobile outpatient centers. Disinfection is also important today. 17 disinfection teams are ready and will start tomorrow, because these buildings had to be cleaned to be disinfected now. Preparing water treatment plants, water transports – para bromear also work for the army. The army will be present in these post-flood areas as long as necessary. Operation Phoenix, planned until the end of the year, is starting. Its task is to rebuild and draw conclusions. If necessary, we will of course extend its duration – informed the head of the Ministry of National Defense.

    MILES AXIS

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Translation: 21.09.2024 Evacuation, strengthening of embankments, cleaning of the area, construction of crossings, medical assistance are the main tasks of soldiers in flood areas

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    Evacuation, strengthening of embankments, cleaning of the area, construction of crossings, medical assistance are the main tasks of soldiers in flood areas 21.09.2024 We are also in towns that have already been affected by the effects of great water. Here in Szprotawa, water overflowed, and the effects affect about 60 residential buildings, including some companies. We are currently talking to the crisis management team about the actions that have been taken. I would like to thank everyone very much. Volunteer firefighters, firefighters from the State Fire Service, policemen, soldiers, residents are working. I would like to thank everyone very much for this good organization, for managing this flood action together with the local government, for protecting Szprotawa from greater effects than those we have today – said Deputy Prime Minister Władysław Kosiniak-Kamysz in Wrocław.

    On Saturday, the head of the Ministry of National Defense took part in the crisis headquarters in Wrocław, as well as in the headquarters operating in Wołów and Szprotawa. In the afternoon, the deputy prime minister took part in a briefing in Głogów. At the crisis headquarters, we talked to all the communes that are at risk and those that are expecting the wave to arrive. There is a huge commitment of residents, all uniformed services and there is cooperation. We thank you for this once again very much. More units have been activated, such as cadets from firefighting schools, who also joined the help in the Wołów district, to lay sandbags. Soldiers have been present from the very beginning, of course. They carried out the mission on the embankments until it was possible. Now, another line of the barrier against the water is being laid there – informed the deputy prime minister. As the head of the Ministry of National Defense pointed out, soldiers of the Polish Army are helping in many directions. Where the flood wave has passed, the areas need to be cleaned up. The areas approaching the flood wave must be monitored, and where necessary, the flood embankments must be reinforced. We have dispatched more dehumidifiers, which are needed in places affected by the flood. Providing the dehumidifiers is one of the main tasks. Pumps are still needed. Soldiers are directly involved in flood control operations today. Para bromear evacuation, protection of life and health, strengthening the embankments, tidying up the area, clearing communication routes. There is also great cooperation between the army and the Ministry of Infrastructure related to the construction and repair of road and rail connections. Reconstruction also means strengthening the embankments. For example, yesterday, the embankments were reinforced using Police helicopters in Lewin Brzeski – Deputy Prime Minister Kosiniak-Kamysz noted. The Minister of National Defense informed about attempts to extort money on the Internet. So far, over 80 false collections have been identified and blocked by the services appointed for this purpose. The fight against disinformation is also ongoing. There are many collections in cyberspace that are dishonest. We have also engaged in the fight against this those troops related to the protection of cyberspace. The component of the Cyberspace Protection Troops is involved in the process of fighting fraudsters on the Internet. We will fight this (…) we will actively counteract these attacks – said the head of the Ministry of National Defense.

    MILES AXIS

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI: Bitget Announces Winners of Smart Awards 2024

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 23, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released the list of winners of its esteemed Smart Awards 2024 event, recognizing the top performers within the scope of a year in the crypto space across 5 categories. The event was held in collaboration with Bitget’s data provider — 0xScope, which ensured a transparent and fair winner selection process. 

    The highly anticipated Bitget Smart Awards 2024, which took place on September 12, concluded with the announcement of the lucky winners who outperformed the rest of the crypto market in the course of their trading activities on the platform. The prestigious online event, accompanied by a runner-up social media campaign, recognized the exceptional contributions of select individuals to the development of the crypto industry.

    The winners were dispersed across the following categories:

    • Smart Trader
    • Rising Star
    • Trading Maestro
    • Memecoin God
    • Elite Picker

    The Bitget team congratulates the winners and runners-up, as well as all those who have contributed to the development of the crypto industry through their engagement in it and the Bitget Smart Awards 2024.

    The event was hosted by two of Bitget’s outstanding KOL investors – Chris, Founder of Satoshi Stacker and SSventures, and Ran Neuner, Host of CNBC’s Crypto Trader and Founder of Crypto Banter. Among the guest presenters was also Co-founder and CEO of 0xScope – Phillip Torres.

    “We are delighted to have held this event and seen it through on such a high level of both presentation and involvement on the part of our wonderful audience. It is extremely gratifying to see the winners in their respective categories recognized for their contributions to the industry. We are certain that this will become a tradition and Bitget is sure to honor year-over-year,” as Gracy Chen, the CEO of Bitget, commented on the closing of the event.

    The collaboration with 0xScope as part of the event was meant to underscore the crucial role the company is playing in the organization of the selection process and the overall operation of the Bitget exchange. The data insights provided by 0xScope helped ensure that the awards reflected the best in crypto trading performance and identify the winners.

    The extensive advertising of the event on social media via hashtagging and the high level of engagement from the global crypto community were reflected in the success of the live ceremony, which is available on YouTube. The vibrant visuals and captivating speeches alone are reason enough to watch the ceremony through from start to finish.

    Bitget is committed to continuing the tradition in the coming years and intends to follow up with the winners to highlight their future successes. Audiences and traders alike are encouraged to stay tuned for future events and invite all users to participate in the ongoing #TradeSmarter campaign on social media by sharing their own “smart trading” experiences and stories. Six standout participants will be selected by Bitget to receive special rewards, with details of the event to be released in the near future.

    About Bitget
    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 30 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

    For more information, readers can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    Contact

    PR
    Media
    Bitget
    media@bitget.com

    The MIL Network

  • MIL-OSI: WOO Token Surges on Coinone, Hits $3.13M in Trading Volume

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 23, 2024 (GLOBE NEWSWIRE) — WOO X, a leading centralized crypto futures and spot trading platform, proudly announces the successful listing of the WOO token on Coinone, one of South Korea’s largest cryptocurrency exchanges. Listed on September 19, 2024, this debut allows Korean users to trade WOO tokens in KRW, significantly expanding the token’s accessibility within one of Asia’s most active crypto markets.

    Since its listing, the WOO token has shown robust performance, achieving a 24-hour trading volume of $3.13 million and reaching rank 4 on Coinone’s spot market.

    Special Airdrop Event to Celebrate the Listing

    To celebrate this achievement, Coinone is hosting a “WOO First-Come First-Served Deposit Event,” running from 04:00 UTC on September 19 to 14:59 UTC on September 25, 2024. Participants who complete the event’s missions will be rewarded with exclusive WOO token airdrops.

    “As we list the WOO token on Coinone, we’re excited to expand its accessibility to one of the most active cryptocurrency markets in the region. This listing allows South Korean users to trade WOO with KRW, enhancing their access to our ecosystem. South Korea is central to our expansion in Asia, driven by its strong demand for a diverse range of products,” said Willy Chuang, COO of WOO X​.

    The WOO token is central to both the WOOFi protocol, a leading decentralized exchange, and WOO X, a top-tier centralized platform, enhancing its utility across both markets.

    Disclaimer

    The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available at the time of writing and may be subject to change.

    Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any activities or transactions involving cryptocurrencies.

    We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

    Contact us: media@woo.network

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/feab1e0e-8634-4d8d-8723-761961110a75

    The MIL Network

  • MIL-OSI: Outbrain announces repurchase of remaining 2.95% Convertible Senior Notes due 2026

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) — Outbrain Inc. (NASDAQ: OB), a leading technology platform that drives business results by engaging people across the Open Internet, announced today that it has repurchased all of the remaining $118 million in aggregate principal amount of the 2.95% Convertible Senior Notes due 2026 (the “Convertible Notes”) via a privately negotiated repurchase agreement with Baupost Group Securities, L.L.C., the sole holder of the Convertible Notes. The Company paid, including accrued interest, $109.7 million in cash representing a discount to par value of approximately 7.5%. As a result, Outbrain will record a pre-tax gain of approximately $8.8 million in the third quarter of 2024.

    Following the closing of the transaction, Outbrain has repurchased the entire principal balance of $236 million of the Convertible Notes, with no remaining debt on the balance sheet and approximately $128 million of cash, cash equivalents and investments in marketable securities, when adjusting the balance as of August 31, 2024 for the repayment. Outbrain repurchased the initial $118 million principal amount of the Convertible Notes in April 2023.

    “Our ability to generate cash and our strong balance sheet has enabled the opportunistic repurchase of the remaining balance of Convertible Notes, which is also in anticipation of the expected closing of the Teads acquisition. We believe this transaction strengthens our balance sheet, increasing our net cash balance as we maintain ample liquidity to support our future growth,” said Jason Kiviat, Outbrain’s CFO.

    This press release does not constitute an offer to sell or a solicitation to buy any of the Convertible Notes described herein or any securities of the Company, nor shall there be any offer, solicitation, or sale of the Convertible Notes or any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements may include, without limitation, statements generally relating to possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives and statements relating to the transaction to acquire Teads (“Transaction”). You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “guidance,” “outlook,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “foresee,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions or are not statements of historical fact. We have based these forward-looking statements largely on our expectations and projections regarding future events and trends that we believe may affect our business, financial condition, and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors including, but not limited to: overall advertising demand and traffic generated by our media partners; factors that affect advertising demand and spending, such as the continuation or worsening of unfavorable economic or business conditions or downturns, instability or volatility in financial markets, and other events or factors outside of our control, such as U.S. and global recession concerns, geopolitical concerns, including the ongoing war between Ukraine-Russia and conditions in Israel, supply chain issues, inflationary pressures, labor market volatility, bank closures or disruptions, and the impact of challenging economic conditions, political and policy uncertainties with the approach of the U.S. presidential election, and other factors that have and may further impact advertisers’ ability to pay; our ability to continue to innovate, and adoption by our advertisers and media partners of our expanding solutions; the success of our sales and marketing investments, which may require significant investments and may involve long sales cycles; our ability to grow our business and manage growth effectively; our ability to compete effectively against current and future competitors; the loss or decline of one or more of our large media partners, and our ability to expand our advertiser and media partner relationships; conditions in Israel, including the ongoing war between Israel and Hamas and other terrorist organizations, may limit our ability to market, support and innovate on our products due to the impact on our employees as well as our advertisers and their advertising markets, our ability to maintain our revenues or profitability despite quarterly fluctuations in our results, whether due to seasonality, large cyclical events, or other causes; the risk that our research and development efforts may not meet the demands of a rapidly evolving technology market; any failure of our recommendation engine to accurately predict attention or engagement, any deterioration in the quality of our recommendations or failure to present interesting content to users or other factors which may cause us to experience a decline in user engagement or loss of media partners; limits on our ability to collect, use and disclose data to deliver advertisements; our ability to extend our reach into evolving digital media platforms; our ability to maintain and scale our technology platform; our ability to meet demands on our infrastructure and resources due to future growth or otherwise; our failure or the failure of third parties to protect our sites, networks and systems against security breaches, or otherwise to protect the confidential information of us or our partners; outages or disruptions that impact us or our service providers, resulting from cyber incidents, or failures or loss of our infrastructure; significant fluctuations in currency exchange rates; political and regulatory risks in the various markets in which we operate; the challenges of compliance with differing and changing regulatory requirements; the timing and execution of any cost-saving measures and the impact on our business or strategy; our ability and the time required to consummate the Transaction; our ability to successfully integrate Teads’s operations, technologies and employees and to recognize the anticipated benefits and synergies of the Transaction, including the expectation of enhancements to our services, greater revenue or growth opportunities, operating efficiencies and cost savings; the potential impact of the announcement or pendency of the Transaction on ongoing business operations and relationships, including our ability to maintain relationships with employees, customers, suppliers and others with whom we do business; the amount of costs, fees, expenses and charges relating to the Transaction; the initiation or outcome of any legal proceedings that may be instituted following the announcement of the Transaction; and the risks described in the section entitled “Risk Factors” and elsewhere in the Annual Report on Form 10-K filed for the year ended December 31, 2023 and in subsequent reports filed with the SEC. Accordingly, you should not rely upon forward-looking statements as an indication of future performance. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or will occur, and actual results, events, or circumstances could differ materially from those projected in the forward-looking statements. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. We undertake no obligation and do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events or otherwise, except as required by law.

    About Outbrain

    Outbrain (Nasdaq: OB) is a leading technology platform that drives business results by engaging people across the Open Internet. Outbrain predicts moments of engagement to drive measurable outcomes for advertisers and publishers using AI and machine learning across more than 8,000 online properties globally. Founded in 2006, Outbrain is headquartered in New York with offices in Israel and across the United States, Europe, Asia-Pacific, and South America.

    For more information, visit https://www.outbrain.com.

    Media Contact

    press@outbrain.com

    Investor Relations Contact

    IR@outbrain.com

    (332) 205-8999

    The MIL Network

  • MIL-OSI Asia-Pac: Clinical trial hub set for Q4

    Source: Hong Kong Information Services

    The University of Hong Kong’s LKS Faculty of Medicine is designated to operate the Greater Bay Area International Clinical Trial Institute (GBAICTI) due to come into full operation in the fourth quarter, the Health Bureau announced today.

    The institute is expected to operate fully at the Central Government-Aided Emergency Hospital in the Hetao area upon completion of the construction of its temporary office and biobank therein.  

    The institute will be moved into one of the wet laboratory-enabled buildings, which is expected to complete construction later in the Hong Kong-Shenzhen Innovation & Technology Park, with a view to enhancing Hong Kong’s innovation and technology ecosystem in a proactive manner.

    The Chief Executive put forward in the Policy Address last October the establishment of the GBAICTI in the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone, or the Hong Kong-Shenzhen Innovation & Technology Park.

    The bureau established the GBAICTI Limited in the second quarter of this year and designated the University of Hong Kong’s LKS Faculty of Medicine through an open tender process in the third quarter to operate the institute.

    The GBAICTI Limited is wholly owned by the Government to oversee the work of the operator and effectively supervise the operations of the institute.

    The bureau said clinical trials are an important process in translating basic research on drug and medical device innovation into marketing authorisation and clinical application.

    The GBAICTI will serve as a one-stop clinical trial support platform to co-ordinate and integrate clinical trial resources in Hong Kong’s public and private sectors, including universities, the Hospital Authority and private healthcare facilities, to give impetus to the development of clinical trials on all fronts.

    Secretary for Health Prof Lo Chung-mau said the establishment of the GBAICTI in the strategic location of the Hetao area can combine the strengths of Hong Kong and the Greater Bay Area (GBA) to provide more efficient services to multinational pharmaceutical enterprises, Mainland innovative biopharmaceutical enterprises, hospitals and research institutions.

    It can also encourage them to conduct clinical trials in Hong Kong and the GBA, thereby expediting the translation of research results.

    This is made possible as the GBAICTI can leverage the Hetao area’s development positioning for technology innovation and institutional innovation, as well as the related cross-boundary facilitation measures, Prof Lo explained.

    “We hope that this will attract more pharmaceutical and medical device enterprises within and outside Hong Kong to conduct clinical trials in Hong Kong to further enhance the city’s capacity, recognition and status in terms of clinical trials and support a progressive transition to a primary evaluation approach for drug registration in Hong Kong.”

    The GBAICTI in the Hong Kong Park and the Greater Bay Area International Clinical Trial Centre in the Shenzhen Park of the Hetao co-operation zone will join forces to synergise the development of clinical trials, and drive co-operation among the clinical trial networks of the Hong Kong Special Administrative Region and the Mainland, in particular the GBA.

    The two parks will also co-ordinate clinical trial work of both places to comply with national and international standards.

    MIL OSI Asia Pacific News

  • MIL-OSI: InspireSemi Announces C$10M Convertible Loan Agreement, Proposed Delisting from TSXV and Date for a Business Update

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia and AUSTIN, Texas, Sept. 23, 2024 (GLOBE NEWSWIRE) — Inspire Semiconductor Holdings Inc. (TSXV: INSP) (“InspireSemi” or the “Company”), a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for High Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads, today announced that it has entered into a convertible loan agreement (the “Loan Agreement”) dated September 23, 2024 with Humanitario Capital LLC (the “Lender”) in the principal amount of C$10,000,000 (the “Loan”).

    The Loan is unsecured, bears interest of 10% per annum, compounded monthly, and is repayable on September 23, 2025, subject to the penalty clause discussed below.

    The Loan Agreement provides that if a delisting of all classes of shares of the Company from the TSX Venture Exchange (“TSXV”) occurs, the Loan shall automatically convert to units (each a “Unit”) at a price per Unit of C$13.50 and all accrued and unpaid interest thereon will be forgiven.

    Each Unit will consist of one proportionate voting share in the capital of the Company (each an “PV Share”) and one PV Share purchase warrant of the Company (a “PVS Warrant”).

    Each PVS Warrant shall be exercisable to acquire one PV Share until September 23, 2029 at an exercise price of C$13.50.

    In addition the Lender has been granted:

    (i) the right of first refusal (the “ROFR”) to purchase additional Units on the same terms as described above should the Company request additional funding from the Lender;
    (ii) a pre-emptive right to participate in all future financings conducted by the Company on a pro-rata basis as it relates to the Lender’s then interest in the Company;
    (iii) the right to nominate a person for election to the board of directors of the Company immediately and at each subsequent shareholders meeting; and
    (iv) the right to nominate an additional person to attend all meetings of the Board in a non-voting observer capacity.

    The ROFR will expire upon the Company achieving a positive EBDITA for a one month period. All other rights set out above will exist for so long as the Lender’s pro rata interest in the Company is more than 5%.

    A copy of the Loan Agreement has been posted on the Company’s profile at www.sedarplus.ca.

    The Loan is subject to the approval of the TSXV.

    Delisting from TSXV

    The Loan Agreement provides that the Company will make its best efforts to delist its subordinate voting shares from the TSXV as soon as is reasonably practicable. If a delisting of the Company’s subordinate voting shares from the TSXV is not achieved by January 31, 2025, the Company will be deemed in default, and the Loan, all accrued interest thereon and a penalty of an additional 25% of the amount of the Loan, being C$2,500,000 will be due and payable immediately.

    Therefore, the Company announces its intention to voluntarily delist (the “Delisting“) its subordinate voting shares from the TSXV. The Delisting will be subject to, among other things, TSXV and majority of the minority shareholder approval.

    The Company will ask and encourages its shareholders to approve of the Delisting as described above at an annual general and special shareholder meeting (the “Meeting”) that will be scheduled in due course. More information regarding the Delisting, the Loan and the reasons therefore will be available in a management information circular to be prepared and mailed to shareholders and posted on the Company’s profile at www.sedarplus.ca in connection with the Meeting.

    The Company is not paying any bonus, commission or finder’s fees in respect of the Loan. The proceeds from the Loan will be used to prepare the Company’s Thunderbird Chip for delivery to customers, support the Company’s commercialization drive and for general working capital requirements.

    Nasdaq Listing Update

    The Company has currently paused its work on a proposed up list to a major U.S. Stock Exchange as announced by press release dated June 18, 2024. The Company has decided it is in its best interests to focus on commercializing its Thunderbird chip and achieving its aim of reaching profitability in 2025 prior to embarking on a further stock exchange listing.

    The Company is still interested in exploring such a listing in future and has made valuable progress in working with its various counsel and advisors to better prepare it for such an eventuality in future.

    Business Update

    The Company announces it will be holding a business update call on September 30, 2024, at 1:00 p.m. (Eastern Time). The Company will press release any new material information prior to the Business Update.

    To join the Business Update please use the following Zoom link:

    https://us06web.zoom.us/j/85079936546

    Webinar ID: 850 7993 6546

    Or One tap mobile :
        +16469313860,,85079936546# US
        +19292056099,,85079936546# US (New York)
    Or Telephone:
        Dial(for higher quality, dial a number based on your current location):
        +1 646 931 3860 US
        +1 929 205 6099 US (New York)
        +1 309 205 3325 US
        +1 312 626 6799 US (Chicago)
        +1 301 715 8592 US (Washington DC)
        +1 305 224 1968 US
        +1 253 205 0468 US
        +1 253 215 8782 US (Tacoma)
        +1 346 248 7799 US (Houston)
        +1 360 209 5623 US
        +1 386 347 5053 US
        +1 507 473 4847 US
        +1 564 217 2000 US
        +1 669 444 9171 US
        +1 669 900 6833 US (San Jose)
        +1 689 278 1000 US
        +1 719 359 4580 US

        International numbers available: https://us06web.zoom.us/u/kfZXmuhg6

    About InspireSemi

    InspireSemi (TSXV: INSP) provides revolutionary high-performance, energy-efficient accelerated computing solutions for High-Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads. The Thunderbird ‘supercomputer-cluster-on-a-chip’ is a disruptive, next-generation datacenter accelerator designed to address multiple underserved and diversified industries, including financial services, computer-aided engineering, energy, climate modeling, cybersecurity, and life sciences & drug discovery. Based on the open standard RISC-V instruction set architecture, InspireSemi’s solutions set new standards of performance, energy efficiency, and ease of programming. InspireSemi is headquartered in Austin, TX.

    For more information visit    https://inspiresemi.com  
    Follow InspireSemi on LinkedIn

    Company Contact
    John B. Kennedy, CFO
    (737) 471-3230
    invest@inspiresemi.com

    Cautionary Statement on Forward-Looking Information
    This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Statements concerning InspireSemi’s objectives, goals, strategies, priorities, intentions, plans, beliefs, expectations and estimates, and the business, operations, financial performance and condition of InspireSemi are forward-looking statements. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass.

    Forward-looking information includes, but is not limited to, information regarding: (i) the business plans and expectations of the Company including expectations with respect to production and development; and (ii) expectations for other economic, business, and/or competitive factors (iii) expectations as to the use of funds in respect of the Loan, the Delisting and any potential future up list to a U.S. Stock Exchange. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this presentation, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of InspireSemi, to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company including information obtained from third-party industry analysts and other third-party sources and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.

    Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects management’s current beliefs and is based on information currently available to them and on assumptions they believe to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: (i) statements relating to the business and future activities of, and developments related to, the Company after the date of this press release; (ii) expected completion of or satisfaction of all closing conditions in connection with the Loan and Delisting including receipt of final approval from the Exchange; (iii) expectations for other economic, business, regulatory and/or competitive factors related to the Company or the technology industry generally; (iv) the risk factors referenced in this news release and as described from time to time in documents filed by the Company with Canadian securities regulatory authorities on SEDAR+ at www.sedarplus.ca; and (v) other events or conditions that may occur in the future. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

    Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

    Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

    THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES DESCRIBED HEREIN, NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY STATE OR JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH STATE OR JURISDICTION.

    The MIL Network

  • MIL-OSI Banking: Testimonial Story I Editorial: Samsung Solve for Tomorrow 2024 Finals

    Source: Samsung

    Celebrating Samsung Mentors, Learners & Teachers in the 2024 Top 10 Finals
    The Samsung Solve For Tomorrow (SFT) Competition has now reached its Final stage and the electronics giant in collaboration with the State Information Technology Agency (SITA) and the Department of Basic Education (DBE) will host the Winner Announcement Ceremony at AHA Kopanong Hotel & Conferencing in Benoni on Wednesday, 02 October 2024.
     
    In an effort to recognise and celebrate the work done by the participating schools, Samsung took the time to speak to both learners and teachers from four finalist schools that entered the competition this year. The aim of the conversation was to ascertain how these participants felt about being part of the contest, how their experience has been and how their preparations were going before the prototype presentation in October. A crucial stage that would determine which school would end up walking away with the ultimate prize; and this is what they had to say:
     
    Nomfundo Manqele, a learner from Adams College in KwaZulu-Natal expressed how thrilled she was to be part of the finalist schools. However, from time to time she did experience a bit of anxiety and a roller coaster of emotions when she was reminded just how big the competition was. Nomfundo mentioned that it was both an incredible and hectic experience for both the teachers and learners as they all learnt new things, every day.
     

     
    She also admitted to the fact that they also faced many challenges along the way, but overall, it was an affirming experience. Nomfundo added by saying: “Preparations for our final prototype are currently underway and coming along quite nicely. Although, we have encountered many challenges in this journey, we somehow found a way to persevere. In spite of the challenges, I am certain that the win is coming to KZN considering the effort we put into crafting our masterpiece.”
    To date, we’ve learnt quite a lot in this competition and one of the lessons that stands out for us and one that we will forever hold onto is that: “In life, if you want to go far, go together. Nothing beats working well as a team and having a great leader that will lead you to victory through healthy competition and teamwork.”
     
    Nomfundo’s words of encouragement to schools that haven’t yet entered the contest are: “This is a really challenging contest that requires hard work and dedication, so always bear that in mind. However, in a competition arena, resilience separates winners from the rest. There are no winners or losers, only learners – nothing more, nothing less.”

    Amyoli Resha, a grade 11 learner from Khwezi Lomso Comprehensive School at Zwide township in Gqeberha, Eastern Cape said: “Entering the Samsung SFT competition and even becoming a finalist makes me feel very ecstatic.
     
    “This competition and this milestone has brought a sense of pride, considering the fact that we are the only school in the Eastern Cape to make it to the Top 20 & Top 10, we definitely embody the spirit of the Home of Legends.”
     
    He added that it has been quite a wonderful, yet very challenging experience. From the start of the programme, their team has enjoyed a great deal of support from the entire school and its faculty. And this unwavering support is what got the team through all the challenges they faced during the process leading up to where it is today.
     
    Amyoli confidently said that the preparations for the prototype were going quite smoothly. “The team is not in panic mode because we were told that the final product may take some time to materialise into perfection. However, by the look of things and the confidence we possess – the team is more than convinced that we WILL definitely Bring the Win Home,” he added.
     
    Above all, the competition has taught the whole team from Khwezi Lomso – the importance of teamwork and believing that their combined proposals and ideas can actually make a large impact. Amyoli then called upon all schools to enter this competition so that they can unleash their learners’ potential because this contest will give them the opportunity to advance and explore their imaginations.
     
    Zandile Sonandze, a teacher also from Khwezi Lomso Comprehensive School in Gqeberha in the Eastern Cape said that she’s very excited because they didn’t think that they could get this far in the competition, especially as a new entry. She said that, as an educator, the entire team’s confidence has been boosted enough to enter other competitions. “When we first entered the SFT competition, we didn’t even think that we would be selected for the first round, but look at us now,” Zandile exclaimed.
     
    According to this enthusiastic teacher: “This experience has been exciting and overwhelming at the same time, because everything had to go as planned. Our learners are also excited to be in the Finals and for the opportunity to fly to Johannesburg. Our educators and the entire school are also cheering for us – they are all very proud of how far we’ve come.”
     
    Zandile also explained that the preparations are not yet 100%, and that there are still some finer details they are trying to wrap-up in an effort to help the team to win the competition. However, she said that they are trying their best to be as creative as possible – the team is now just hoping for the best. She has also taken the time to encourage other schools to enter the competition as this has been an eye opening experience for their entire school.
     
    Phume Unarine, a learner and group leader from Thengwe High school located in the Limpopo Province said that she’s very happy and looking forward to what the finals have in store for them. For Phume and her team, this has been one of the most interesting and exciting experiences that the learners, teachers and their whole school has participated in.
     

     
    “The preparations for our prototype went according to our plans,” Phume added confidently. “We’ve faced every obstacle that came our way with the full support of our mentor whose support has been crucial to us reaching this stage of the competition. I have confidence in my team and I’m convinced that we’re going to come out victorious.”
    During this competition, we learnt that people aren’t the same and their differences are what makes them unique. She added that she learnt that teamwork is not only about being part of a group and that a great leader is made by the motivated people around him or her. I’d like to advise other schools that have not yet participated in this contest to take a leap of faith and enter because this will help them discover more knowledge and open them up to new experiences that they wouldn’t be able to get anywhere else.
     
    Makhosazana Mazibuko, a learner and team leader from Mandisa Shiceka School of Specialisation in Gauteng appreciated being part of the SFT competition and found the contest to be a very exciting experience that she thoroughly enjoyed. She also saw this as an opportunity to improve her community. For Makhosazana, the competition was full of research and helped their team members to create lasting bonds. As far as preparation for the prototype presentation is concerned, she said: “It’s going very well, we are productive and are dealing with our trial and errors very well. Our idea involves one of the basic necessities in our community and is unique, so I’m very confident that we will win.”

    During this competition, Makhosazana believes that she learnt how to be patient, how to “turn down” ideas and how to be a better leader. Overall, she’s learnt to be kinder and more understanding with circumstances, peers, adults and above all herself. She also feels that her presentation skills have improved and that she’s gained more confidence, in herself and her intellect.
     
    And lastly, Nonki Bridgette Motlogelwa, an educator from Mandisa Shiceka – a Gauteng-based Maths, Science & ICT School of Specialisation, with a focus in mining and manufacturing said: “As a new entry, I feel so honoured and grateful to be part of the competition. Over the last few months, we put in so much effort into our idea and to know that it is being appreciated – has truly made us feel on top of the world. Now, we feel like we can do anything as long as we put our minds to it.” 
     
    Nonki expressed how proud and blown away she was by the learners from her school. She explained how they have shown so much courage, creativity and teamwork, a clear indication that they are heading in the right direction. During the competition process, the learners started feeling the pressure but fortunately they pulled through and decided to do hydroponics. This technique involves growing plants using water-based nutrient solution rather than soil.
     
    When it was announced that the school is in the top 10, the entire school was so happy, this has motivated other school learners to want to enter next year. Having a Samsung mentor as well, she believes, made this challenging experience much easier, because she was able to guide the team through.
    For Nonki, the overall experience was amazing and thought-provoking. She also confirmed that their preparations for the prototype presentation are going well, the learners are putting their all and their teamwork is superb. The learners were also able to alternate themselves in terms of building the prototype and preparations for the final presentation. 
     
    Nonki is encouraging learners from other schools who have not yet participated in this SFT competition to always take chances and believe in themselves, because the future is in their hands. “Because all the learners have the brains and creativity, its important to let them shine and show the world that every individual deserves an equal opportunity to succeed, regardless of their background or circumstances,” concluded Nonki.
     

    MIL OSI Global Banks

  • MIL-OSI: Bitget Introduces Multi-Asset Margin Mode for USDT-M Futures, Enhancing Capital Efficiency

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 23, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is excited to announce the launch of the USDT-M Futures in Multi-Asset Mode, available to all users starting on September 23, 2024, at 16:00 (UTC+8). This new feature allows users to trade USDT-margined futures by using non-USDT assets as margin, offering greater flexibility and capital efficiency.

    In single-asset margin mode, only USDT is used as collateral, whereas multi-asset margin mode allows users to leverage a variety of cryptocurrencies for USDT-M Futures trading. Bitget’s Multi-Asset Margin Mode now supports BTC, ETH, SOL, XRP, PEPE, USDC, BGB, and USDT as collateral. This means users can utilize their existing assets directly for margin trading without needing to convert them into USDT. Bitget will continue to update the list of supported assets as market conditions change, providing users with more trading options.

    “At Bitget, we are dedicated to offering top-tier trading solutions that meet the diverse needs of our users. The introduction of the Multi-Asset Margin Mode is a significant step toward enhancing our users’ trading experience, empowering them to maximize the utility of their assets while providing more flexibility in managing their portfolios. This is just one of many innovations we are implementing to improve the trading experience and deliver secure, efficient solutions for our expanding global community,” commented Gracy Chen, CEO of Bitget.

    To utilize the Multi-Asset Margin Mode on the Bitget platform, users simply need to follow a few steps. First, switch the margin mode to multi-asset in the margin section of the trading page. Next, by transferring coins from their spot account to the USDT-M Futures account as margin, users can adjust their leverage according to their risk tolerance and trading strategy.

    As one of the largest derivatives trading platforms in crypto, Bitget is renowned for its high liquidity, low fees, and stability, supporting over 300 cryptocurrencies. The futures trading volumes of major assets like BTC consistently rank Bitget among the top two in the industry. Additionally, to help users trade smarter, Bitget supports tools such as copy trading and AI bots in the derivatives market, enabling the optimization of trading strategies and the automation of trading operations.

    This new mode enhances the capital efficiency of users by allowing them to trade without needing to liquidate or convert their preferred cryptocurrencies. Bitget remains dedicated to continuous innovation and to meeting the demand for more flexible derivatives products, empowering its 45 million users to manage and diversify portfolios in a rapidly evolving market.

    For more information on Bitget Multi-Asset Margin Mode, please visit here.

    About Bitget
    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b6dd6544-cd36-43be-800d-bea2108c0800

    The MIL Network

  • MIL-OSI: Community Financial System Announces Third Quarter 2024 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    SYRACUSE, N.Y., Sept. 23, 2024 (GLOBE NEWSWIRE) — Community Financial System, Inc. (NYSE: CBU) invites you to participate in a conference call to discuss the Company’s financial and operating performance during its third quarter ended September 30, 2024.

    Event: Earnings Conference Call – Third Quarter 2024  
         
    When: Tuesday, October 22, 2024 at 11:00 a.m. Eastern Time  
         
    How: By conference call or from a simultaneous web cast  
         
    Access: Conference Call Dial-In:  1-833-630-0464 
    1-412-317-1809 – Outside the U.S. & Canada  
         
      Webcast: https://app.webinar.net/GagdbNwDZ0m  
         

    Dimitar Karaivanov, President and Chief Executive Officer, and Joseph E. Sutaris, Executive Vice President and Chief Financial Officer, will provide an overview of third quarter 2024 results. The management presentation is typically approximately 15 minutes, followed by investor questions and discussion.  

    The company’s results for the quarter will be released before the market opens on October 22, 2024, and will also be available in the ‘News & Presentations’ section of the company’s website at https://communityfinancialsystem.com.

    The call will also be archived on the company’s website for one year and can be accessed at any time and at no cost during this period.

    About Community Financial System, Inc.

    Community Financial System, Inc. is a diversified financial services company that is focused on four main business lines – banking, employee benefit services, insurance services and wealth management services. Its banking subsidiary, Community Bank, N.A., is among the country’s 100 largest banking institutions with over $15 billion in assets and operates approximately 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. The Company’s Benefit Plans Administrative Services, Inc. subsidiary is a leading provider of employee benefits administration, trust services, collective investment fund administration, and actuarial consulting services to customers on a national scale. The Company’s OneGroup NY, Inc. subsidiary is a top 66 U.S. insurance agency. The Company also offers comprehensive financial planning, trust administration and wealth management services through its Wealth Management operating unit. The Company is listed on the New York Stock Exchange and the Company’s stock trades under the symbol CBU. For more information about the Company visit www.cbna.com or www.communityfinancialsystem.com.

    For further information contact:
    Joseph Sutaris,
    E.V.P. and Chief Financial Officer
    (315) 445-7396

    The MIL Network

  • MIL-OSI Security: Lawrence Man Indicted for Bank Robbery

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    KANSAS CITY, KAN. – A federal grand jury in Kansas City returned an indictment charging a Kansas man with robbing a bank in Lawrence, Kansas. 

    According to court documents, Alfonzo Cole, 41, of Lawrence is charged with one count of bank robbery. 

    Cole is accused of using force, violence, and intimidation on July 2, 2024, to take U.S. currency from an employee at a Bank of America branch on Ohio Street.

    The Federal Bureau of Investigation (FBI) is investigating the case.

    Assistant U.S. Attorney David Zabel is prosecuting the case.

    OTHER INDICTMENTS

    David Mark Jones, 33, of Shawnee, was indicted on two counts of distribution of child pornography, one count of receipt of child pornography, and one count of possession of child pornography. The Federal Bureau of Investigation (FBI) is investigating the case. Assistant U.S. Attorney Audrey McCormick is prosecuting the case.

    An indictment is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.
    ###

    MIL Security OSI

  • MIL-OSI USA: The Wilmington Declaration Joint Statement from the Leaders of Australia, India, Japan, and the United  States

    US Senate News:

    Source: The White House
    Today, we—Prime Minister Anthony Albanese of Australia, Prime Minister Narendra Modi of India, Prime Minister Kishida Fumio of Japan, and President Joseph R. Biden, Jr. of the United States—met for the fourth in-person Quad Leaders Summit, hosted by President Biden in Wilmington, Delaware.
    Four years since elevating the Quad to a leader-level format, the Quad is more strategically aligned than ever before and is a force for good that delivers real, positive, and enduring impact for the Indo-Pacific. We celebrate the fact that over just four years, Quad countries have built a vital and enduring regional grouping that will buttress the Indo-Pacific for decades to come.
    Anchored by shared values, we seek to uphold the international order based on the rule of law. Together we represent nearly two billion people and over one-third of global gross domestic product. We reaffirm our steadfast commitment to a free and open Indo-Pacific that is inclusive and resilient. Through our cooperation, the Quad is harnessing all of our collective strengths and resources, from governments to the private sector to people-to-people relationships, to support the region’s sustainable development, stability, and prosperity by delivering tangible benefits to the people of the Indo-Pacific.
    As four leading maritime democracies in the Indo-Pacific, we unequivocally stand for the maintenance of peace and stability across this dynamic region, as an indispensable element of global security and prosperity. We strongly oppose any destabilizing or unilateral actions that seek to change the status quo by force or coercion. We condemn recent illicit missile launches in the region that violate UN Security Council resolutions. We express serious concern over recent dangerous and aggressive actions in the maritime domain. We seek a region where no country dominates and no country is dominated—one where all countries are free from coercion, and can exercise their agency to determine their futures. We are united in our commitment to upholding a stable and open international system, with its strong support for human rights, the principle of freedom, rule of law, democratic values, sovereignty and territorial integrity, and peaceful settlement of disputes and prohibition on the threat or use of force in accordance with international law, including the UN Charter.
    Reflecting the Vision Statement issued by Leaders at the 2023 Quad Summit, we are and will continue to be transparent in what we do. Respect for the leadership of regional institutions, including the Association of Southeast Asian Nations (ASEAN), the Pacific Islands Forum (PIF), and the Indian Ocean Rim Association (IORA), is and will remain at the center of the Quad’s efforts.
    A Global Force for Good
    Health Security
    The COVID-19 pandemic reminded the world how important health security is to our societies, our economies, and the stability of our region. In 2021 and 2022, the Quad came together to deliver more than 400 million safe and effective COVID-19 doses to Indo-Pacific countries and almost 800 million vaccines globally, and provided $5.6 billion to the COVAX Advance Market Commitment for vaccine supply to low and middle-income countries. In 2023, we announced the Quad Health Security Partnership, through which the Quad continues to deliver for partners across the region, including through the delivery of pandemic preparedness training.
    In response to the current clade I mpox outbreak, as well as the ongoing clade II mpox outbreak, we plan to coordinate our efforts to promote equitable access to safe, effective, quality-assured mpox vaccines, including where appropriate expanding vaccine manufacturing in low and middle-income countries.
    Today we are proud to announce the Quad Cancer Moonshot, a groundbreaking partnership to save lives in the Indo-Pacific region. Building on the Quad’s successful partnership during the COVID-19 pandemic, our collective investments to address cancer in the region, our scientific and medical capabilities, and contributions from our private and non-profit sectors, we will collaborate with partner nations to reduce the burden of cancer in the region.
    The Quad Cancer Moonshot will focus initially on combatting cervical cancer—a preventable cancer that continues to claim too many lives—in the Indo-Pacific region, while laying the groundwork to address other forms of cancer as well. The United States intends to support this initiative, including through U.S. Navy medical trainings and professional exchanges around cervical cancer prevention in the region starting in 2025, and through U.S. International Development Finance Corporation (DFC) openness to finance eligible private sector-driven projects to prevent, diagnose, and treat cancer, including cervical cancer. Australia is announcing the expansion of the Elimination Partnership in the Indo-Pacific for Cervical Cancer Program (EPICC) with support of the Australian Government and the Minderoo Foundation to AUD 29.6 million, to cover up to eleven countries in the Indo-Pacific in helping advance the elimination of cervical cancer and support complementary initiatives focused on cancer prevention, diagnosis, and treatment. India commits to providing HPV sampling kits, detection kits, and cervical cancer vaccines worth $7.5 million to the Indo-Pacific region.  India, through its $10 million commitment to the WHO’s Global Initiative on Digital Health, will offer technical assistance to interested countries in the Indo-Pacific region for the adoption and deployment of its Digital Public Infrastructure that helps in cancer screening and care. Japan is providing medical equipment, including CT and MRI scanners, and other assistance worth approximately $27 million, including in Cambodia, Vietnam, and Timor-Leste, and is contributing to international organizations such as the Gavi Vaccine Alliance. Quad partners also intend to work, within respective national contexts, to collaborate in advancing research and development in the area of cancer and to increase private sector and non-governmental sector activities in support of reducing the burden of cervical cancer in the region. We welcome a number of new, ambitious commitments from non-governmental institutions, including the Serum Institute of India, in partnership with Gavi, which will support orders of up to 40 million HPV vaccine doses, subject to necessary approvals, for the Indo-Pacific region, and which may be increased consistent with demand. We also welcome a new $100 million commitment from Women’s Health and Empowerment Network to address cervical cancer in Southeast Asia.
    Altogether, our scientific experts assess that the Quad Cancer Moonshot will save hundreds of thousands of lives over the coming decades.
    Humanitarian Assistance and Disaster Relief (HADR)
    Twenty years since the 2004 Indian Ocean earthquake and tsunami, when the Quad first came together to surge humanitarian assistance, we continue to respond to the vulnerabilities caused by natural disasters in the Indo-Pacific. In 2022, the Quad established the “Quad Partnership on Humanitarian Assistance and Disaster Relief in the Indo-Pacific” and signed Guidelines for the Quad Partnership on HADR in the Indo-Pacific, which enable Quad countries to rapidly coordinate in the face of natural disasters. We welcome Quad governments working to ensure readiness to rapidly respond, including through pre-positioning of essential relief supplies, in the event of a natural disaster; this effort extends from the Indian Ocean region, to Southeast Asia, to the Pacific.
    In May 2024, following a tragic landslide in Papua New Guinea, Quad partners collectively contributed over $5 million in humanitarian assistance. Quad partners are working together to provide over $4 million in humanitarian assistance to support the people of Vietnam in light of the devastating consequences of Typhoon Yagi. The Quad continues to support partners in the region in their longer-term resiliency efforts.
    Maritime Security
    In 2022, we announced the Indo-Pacific Partnership for Maritime Domain Awareness (IPMDA) to offer near-real-time, integrated, and cost-effective maritime domain awareness information to partners in the region. Since then, in consultation with partners, we have successfully scaled the program across the Indo-Pacific region—through the Pacific Islands Forum Fisheries Agency, with partners in Southeast Asia, to the Information Fusion Center—Indian Ocean Region, Gurugram. In doing so, the Quad has helped well over two dozen countries access dark vessel maritime domain awareness data, so they can better monitor the activities in their exclusive economic zones—including unlawful activity. Australia commits to boosting its cooperation with the Pacific Islands Forum Fisheries Agency to enhance regional maritime domain awareness in the Pacific through satellite data, training, and capacity building.
    Today we are announcing a new regional Maritime Initiative for Training in the Indo-Pacific (MAITRI), to enable our partners in the region to maximize tools provided through IPMDA and other Quad partner initiatives, to monitor and secure their waters, enforce their laws, and deter unlawful behavior. We look forward to India hosting the inaugural MAITRI workshop in 2025. Furthermore, we welcome the launch of a Quad maritime legal dialogue to support efforts to uphold the rules-based maritime order in the Indo-Pacific. In addition, Quad partners intend to layer new technology and data into IPMDA over the coming year, to continue to deliver cutting edge capability and information to the region.
    We are also announcing today that the U.S. Coast Guard, Japan Coast Guard, Australian Border Force, and Indian Coast Guard, plan to launch a first-ever Quad-at-Sea Ship Observer Mission in 2025, to improve interoperability and advance maritime safety, and continuing with further missions in future years across the Indo-Pacific.  
    We also announce today the launch of a Quad Indo-Pacific Logistics Network pilot project, to pursue shared airlift capacity among our nations and leverage our collective logistics strengths, in order to support civilian response to natural disasters more rapidly and efficiently across the Indo-Pacific region.
    Quality Infrastructure
    The Quad remains committed to improving the region’s connectivity through the development of quality, resilient infrastructure.
    We are pleased to announce the Quad Ports of the Future Partnership, which will harness the Quad’s expertise to support sustainable and resilient port infrastructure development across the Indo-Pacific, in collaboration with regional partners. In 2025, we intend to hold a Quad Regional Ports and Transportation Conference, hosted by India in Mumbai. Through this new partnership, Quad partners intend to coordinate, exchange information, share best practices with partners in the region, and leverage resources to mobilize government and private sector investments in quality port infrastructure across the Indo-Pacific region.
    We applaud the expansion of the Quad Infrastructure Fellowships to more than 2,200 experts, and note that Quad partners have already provided well over 1,300 fellowships since the initiative was announced at last year’s Summit. We also appreciate the workshop organized by the Coalition for Disaster Resilient Infrastructure in India, working to empower partners across the Indo-Pacific to strengthen power sector resilience.
    Through the Quad Partnership for Cable Connectivity and Resilience, we continue to support and strengthen quality undersea cable networks in the Indo-Pacific, the capacity, durability, and reliability of which are inextricably linked to the security and prosperity of the region and the world. In support of these efforts, Australia launched the Cable Connectivity and Resilience Centre in July, which is delivering workshops and policy and regulatory assistance in response to requests from across the region. Japan will extend technical cooperation to improve public ICT infrastructure management capacity for an undersea cable in Nauru and Kiribati. The United States has conducted over 1,300 capacity building trainings for telecommunication officials and executives from 25 countries in the Indo-Pacific; today the U.S. announces its intent, working with Congress, to invest an additional $3.4 million to extend and expand this training program.
    Investments in cable projects by Quad partners will help support all Pacific island countries in achieving primary telecommunication cable connectivity by the end of 2025. Since the last Quad Leaders’ Summit, Quad partners have committed over $140 million to undersea cable builds in the Pacific, alongside contributions from other likeminded partners. Complementing these investments in new undersea cables, India has commissioned a feasibility study to examine expansion of undersea cable maintenance and repair capabilities in the Indo-Pacific.
    We reaffirm our support for the Pacific Quality Infrastructure Principles, which are an expression of Pacific voices on infrastructure.
    We underscore our commitment to an inclusive, open, sustainable, fair, safe, reliable and secure digital future to advance our shared prosperity and sustainable development across the Indo-Pacific. In this context, we welcome the Quad Principles for Development and Deployment of Digital Public Infrastructure.
    Critical and Emerging Technologies
    Today, we are proud to announce an ambitious expansion of our partnership to deliver trusted technology solutions to the broader Indo-Pacific region.
    Last year, Quad partners launched a landmark initiative to deploy the first Open Radio Access Network (RAN) in the Pacific, in Palau, to support a secure, resilient, and interconnected telecommunications ecosystem. Since then, the Quad has pledged approximately $20 million to this effort.
    Quad partners also welcome the opportunity to explore additional Open RAN projects in Southeast Asia. We plan to expand support for ongoing Open RAN field trials and the Asia Open RAN Academy (AORA) in the Philippines, building on the initial $8 million in support that the United States and Japan pledged earlier this year. The United States also plans to invest over $7 million to support the global expansion of AORA, including through establishing a first-of-its-kind Open RAN workforce training initiative at scale in South Asia, in partnership with Indian institutions.
    Quad partners will also explore collaborating with the Tuvalu Telecommunications Corporation to ensure the country’s readiness for nationwide 5G deployment.
    We remain committed to advancing our cooperation on semiconductors through better leveraging of our complementary strengths to realize a diversified and competitive market and enhance resilience of Quad’s semiconductor supply chains. We welcome a Memorandum of Cooperation between Quad countries for the Semiconductor Supply Chains Contingency Network.
    Through the Advancing Innovations for Empowering NextGen Agriculture (AI-ENGAGE) initiative announced at last year’s Summit, our governments are deepening leading-edge collaborative research to harness artificial intelligence, robotics, and sensing to transform agricultural approaches and empower farmers across the Indo-Pacific. We are pleased to announce an inaugural $7.5+ million in funding opportunities for joint research, and welcome the recent signing of a Memorandum of Cooperation between our science agencies to connect our research communities and advance shared research principles.
    The United States, Australia, India, and Japan look forward to launching the Quad BioExplore Initiative—a funded mechanism that will support joint AI-driven exploration of diverse non-human biological data across all four countries.
    This project will also be underpinned by the forthcoming Quad Principles for Research and Development Collaborations in Critical and Emerging Technologies.
    Climate and Clean Energy
    As we underscore the severe economic, social, and environmental consequences posed by the climate crisis, we continue to work together with Indo-Pacific partners, including through Quad Climate Change Adaptation and Mitigation Package (Q-CHAMP), to enhance climate and clean energy cooperation as well as promote adaptation and resilience. We emphasize the significant benefits of transitioning to a clean energy economy for our people, our planet, and our shared prosperity. Our countries intend to strengthen our cooperation to align policies, incentives, standards, and investments around creating high-quality, diversified clean energy supply chains that will enhance our collective energy security, create new economic opportunities across the region, and benefit local workers and communities around the world, particularly across the Indo-Pacific.
    We will work together, through policy and public finance, to operationalize our commitment to catalyzing complementary and high-standard private sector investment in allied and partner clean energy supply chains. To this end, Australia will open applications for the Quad Clean Energy Supply Chains Diversification Program in November, providing AUD 50 million to support projects that develop and diversify solar panel, hydrogen electrolyzer and battery supply chains in the Indo-Pacific. India commits to invest $2 million in new solar projects in Fiji, Comoros, Madagascar, and Seychelles. Japan has committed to $122 million grants and loans in renewable energy projects in Indo-Pacific countries. The United States, through DFC, will continue to seek opportunities to mobilize private capital to solar, as well as wind, cooling, batteries, and critical minerals to expand and diversify supply chains.
    We are pleased to announce a focused Quad effort to boost energy efficiency, including the deployment and manufacturing of high-efficiency affordable, cooling systems to enable climate-vulnerable communities to adapt to rising temperatures while simultaneously reducing strain on the electricity grid.
    We jointly affirm our commitment to addressing the challenges posed by climate change and ensure the resilience and sustainability of port infrastructure. Quad partners will leverage our learning and expertise to forge a path towards sustainable and resilient port infrastructure, including through the Coalition for Disaster Resilient Infrastructure (CDRI).
    Cyber
    In the face of a deteriorating security environment in the cyber domain, Quad countries intend to enhance our cybersecurity partnership to address common threats posed by state-sponsored actors, cybercriminals, and other non-state malicious actors. Our countries commit to taking concrete steps to increase our collective network defense and advance technical capabilities through greater threat information sharing and capacity building. We plan to coordinate joint efforts to identify vulnerabilities, protect national security networks and critical infrastructure networks, and coordinate more closely including on policy responses to significant cybersecurity incidents affecting the Quad’s shared priorities.
    Quad countries are also partnering with software manufacturers, industry trade groups, and research centers to expand our commitmentto pursuing secure software development standards and certification, as endorsed in the Quad’s 2023 Secure Software Joint Principles. We will work to harmonize these standards to not only ensure that the development, procurement, and end-use of software for government networks is more secure, but that the cyber resilience of our supply chains, digital economies, and societies are collectively improved. Throughout this fall, Quad countries each plan to host campaigns to mark the annual Quad Cyber Challenge promoting responsible cyber ecosystems, public resources, and cybersecurity awareness. We are constructively engaging on the Quad Action Plan to Protect Commercial Undersea Telecommunications Cables, developed by the Quad Senior Cyber Group, as a complementary effort to the Quad Partnership for Cable Connectivity and Resilience. Our coordinated actions to protect global telecommunications infrastructure as guided by the Action Plan will advance our shared vision for future digital connectivity, global commerce, and prosperity. 
    Space
    We recognize the essential contribution of space-related applications and technologies in the Indo-Pacific. Our four countries intend to continue delivering Earth Observation data and other space-related applications to assist nations across the Indo-Pacific to strengthen climate early warning systems and better manage the impacts of extreme weather events. In this context, we welcome India’s establishment of a space-based web portal for Mauritius, to support the concept of open science for space-based monitoring of extreme weather events and climate impact.
    Quad Investors Network (QUIN)
    We welcome private sector initiatives—including the Quad Investors Network (QUIN), which facilitates investments in strategic technologies, including clean energy, semiconductors, critical minerals, and quantum. The QUIN is mobilizing a number of investments to promote supply chain resilience, advance joint research and development, commercialize new technologies, and invest in our future workforce.
    People-to-People Initiatives
    The Quad is committed to strengthening the deep and enduring ties between our people, and among our partners. Through the Quad Fellowship, we are building a network of the next generation of science, technology, and policy leaders. Together with the Institute of International Education, which leads implementation of the Quad Fellowship, Quad governments welcome the second cohort of Quad Fellows and the expansion of the program to include students from ASEAN countries for the first time. The Government of Japan is supporting the program to enable Quad Fellows to study in Japan. The Quad welcomes the generous support of private sector partners for the next cohort of fellows, including Google, the Pratt Foundation, and Western Digital.
    India is pleased to announce a new initiative to award fifty Quad scholarships, worth $500,000, to students from the Indo-Pacific to pursue a 4-year undergraduate engineering program at a Government of India-funded technical institution.
    Working Together to Address Regional and Global Issues
    Today we reaffirm our consistent and unwavering support for ASEAN centrality and unity. We continue to support implementation of the ASEAN Outlook on the Indo-Pacific (AOIP) and are committed to ensuring the Quad’s work is aligned with ASEAN’s principles and priorities.
    We underscore ASEAN’s regional leadership role, including in the East Asia Summit, the region’s premier leader-led forum for strategic dialogue, and the ASEAN Regional Forum. As comprehensive strategic partners of ASEAN, our four countries intend to continue to strengthen our respective relationships with ASEAN and seek opportunities for greater Quad collaboration in support of the AOIP.
    We recommit to working in partnership with Pacific island countries to achieve shared aspirations and address shared challenges. We reaffirm our support for Pacific regional institutions that have served the region well over many years, with the PIF as the region’s premier political and economic policy organization, and warmly welcome Tonga’s leadership as the current PIF Chair in 2024-2025. We continue to support the objectives of the 2050 Strategy for the Blue Pacific Continent. We and our governments will continue to listen to and be guided at every step by Pacific priorities, including climate action, ocean health, resilient infrastructure, maritime security and financial integrity. In particular, we acknowledge climate change remains the single greatest threat to the livelihoods, security and wellbeing of the peoples of the Pacific and applaud Pacific island countries’ global leadership on climate action.
    We remain committed to strengthening cooperation in the Indian Ocean region. We strongly support IORA as the Indian Ocean region’s premier forum for addressing the region’s challenges. We recognize India’s leadership in finalizing the IORA Outlook on the Indo-Pacific (IOIP) and express our support for its implementation. We thank Sri Lanka for its continued leadership as IORA Chair through this year and look forward to India’s assuming the IORA Chair in 2025.  
    As Leaders, we are steadfast in our conviction that international law, including respect for sovereignty and territorial integrity, and the maintenance of peace, safety, security and stability in the maritime domain, underpin the sustainable development, and prosperity of the Indo-Pacific. We emphasize the importance of adherence to international law, particularly as reflected in the United Nations Convention on the Law of the Sea (UNCLOS), to address challenges to the global maritime rules-based order, including with respect to maritime claims. We are seriously concerned about the situation in the East and South China Seas. We continue to express our serious concern about the militarization of disputed features, and coercive and intimidating maneuvers in the South China Sea. We condemn the dangerous use of coast guard and maritime militia vessels, including increasing use of dangerous maneuvers. We also oppose efforts to disrupt other countries’ offshore resource exploitation activities.We reaffirm that maritime disputes must be resolved peacefully and in accordance with international law, as reflected in UNCLOS. We re-emphasize the importance of maintaining and upholding freedom of navigation and overflight, other lawful uses of the sea, and unimpeded commerce consistent with international law. We re-emphasize the universal and unified character of UNCLOS and reaffirm that UNCLOS sets out the legal framework within which all activities in the oceans and the seas must be carried out. We underscore that the 2016 Arbitral Award on the South China Sea is a significant milestone and the basis for peacefully resolving disputes between the parties.
    Together, with our global and regional partners, we continue to support international institutions and initiatives that underpin global peace, prosperity and sustainable development. We reiterate our unwavering support for the UN Charter and the three pillars of the UN system. In consultation with our partners, we will work collectively to address attempts to unilaterally undermine the integrity of the UN, its Charter, and its agencies. We will reform the UN Security Council, recognizing the urgent need to make it more representative, inclusive, transparent, efficient, effective, democratic and accountable through expansion in permanent and non-permanent categories of membership of the UN Security Council. This expansion of permanent seats should include representation for Africa, Asia, Latin America and the Caribbean in a reformed Security Council.
    We stand for adherence to international law and respect for principles of the UN Charter, including territorial integrity, sovereignty of all states, and peaceful resolution of disputes. We express our deepest concern over the war raging in Ukraine including the terrible and tragic humanitarian consequences. Each of us has visited Ukraine since the war began, and seen this first-hand; we reiterate the need for a comprehensive, just, and lasting peace in line with international law, consistent with the purposes and principles of the UN Charter, including respect for sovereignty and territorial integrity. We also note the negative impacts of the war in Ukraine with regard to global food and energy security, especially for developing and least developed countries. In the context of this war, we share the view that the use, or threat of use, of nuclear weapons is unacceptable. We underscore the importance of upholding international law, and in line with the UN Charter, reiterate that all states must refrain from the threat of or use of force against the territorial integrity and sovereignty or political independence of any state.
    We condemn North Korea’s destabilizing ballistic missile launches and its continued pursuit of nuclear weapons in violation of multiple UN Security Council resolutions (UNSCRs). These launches pose a grave threat to international peace and stability. We urge North Korea to abide by all its obligations under the UNSCRs, refrain from further provocations and engage in substantive dialogue. We reaffirm our commitment to the complete denuclearization of the Korean Peninsula consistent with relevant UNSCRs and call on all countries to fully implement these UNSCRs. We stress the need to prevent any proliferation of nuclear and missile technologies related to North Korea in the region and beyond. We express our grave concern over North Korea’s use of proliferation networks, malicious cyber activity and workers abroad to fund its unlawful weapons of mass destruction and ballistic missile programs. In that context, we urge all UN Member States to abide by the relevant UNSCRs including the prohibition on the transfer to North Korea or procurement from North Korea of all arms and related materiel. We express deep concern about countries that are deepening military cooperation with North Korea, which directly undermines the global nonproliferation regime. As the mandate of the UN Panel of Experts tasked with monitoring violations of North Korea-related UNSCR sanctions was not renewed, we reiterate our commitment to continued implementation of the relevant UNSCRs which remain in full force. We reconfirm the necessity of immediate resolution of the abductions issue.
    We remain deeply concerned by the worsening political, security and humanitarian situation in Myanmar, including in Rakhine State, and again call for an immediate cessation of violence, the release of all those unjustly and arbitrarily detained, safe and unhindered humanitarian access, resolution of the crisis through constructive and inclusive dialogue among all stakeholders, and a return to the path of inclusive democracy. We reaffirm our strong support for ASEAN-led efforts, including the work of the ASEAN Chair and the Special Envoy of the ASEAN Chair on Myanmar. We call for full implementation of all commitments under the ASEAN Five-Point Consensus. The ongoing conflict and instability have serious implications for the region, including increases in transnational crime such as cybercrime, the illegal drug trade, and human trafficking. We restate our appeal to all States to prevent the flow of arms and dual-use material, including jet fuel. We remain resolute in our support for the people of Myanmar and commit to continuing to work with all stakeholders in a pragmatic and constructive way, to find a sustainable solution to the crisis in a process which is led by the people of Myanmar and returns Myanmar to the path of democracy.
    We call upon all States to contribute to the safe, peaceful, responsible, and sustainable use of outer space. We remain committed to fostering international cooperation and transparency, as well as confidence-building measures with the goal of improving the security of outer space for all States. We reaffirm the importance of upholding the existing international legal framework for outer space activities, including the Outer Space Treaty, and the obligation of all States Parties to the Treaty not to place in orbit around the Earth any objects carrying nuclear weapons or any other kinds of weapons of mass destruction, install such weapons on celestial bodies, or station such weapons in outer space in any other manner.
    The Quad reaffirms its commitment to fostering a resilient information environment including through its Countering Disinformation Working Group by supporting media freedom and addressing foreign information manipulation and interference, including disinformation, which undermines trust and sows discord in the international community. We recognize these tactics are intended to interfere with domestic and international interests, and we are committed, together with our regional partners, to leverage our collective expertise and capacity to respond. We reaffirm our commitment to respect international human rights law, strengthen civil society, support media freedom, address online harassment and abuse, including technology-facilitated gender-based violence, and counter unethical practices.
    We unequivocally condemn terrorism and violent extremism in all its forms and manifestations, including cross-border terrorism. We are committed to international cooperation and will work with our regional partners in a comprehensive and sustained manner to strengthen their capability to prevent, detect and respond to threats posed by terrorism and violent extremism, including threats posed by the use of new and emerging technologies for terrorist purposes, consistent with international law. We are committed to working together to promote accountability for the perpetrators of such terrorist attacks. We reiterate our condemnation of terrorist attacks including the 26/11 attacks in Mumbai and in Pathankot, and our commitment to pursuing designations, as appropriate, by the UN Security Council 1267 Sanctions Committee.  We welcome the constructive discussions held at the first Quad Working Group on Counter-Terrorism and the fourth tabletop exercise in Honolulu last year, and look forward to Japan hosting the next meeting and tabletop exercise in November 2024.
    We share great interest in achieving peace and stability in the Middle East. We unequivocally condemn the terror attacks on October 7, 2023. The large-scale loss of civilian lives and the humanitarian crisis in Gaza is unacceptable. We affirm the imperative of securing the release of all hostages held by Hamas, and emphasize that the deal to release hostages would bring an immediate and prolonged ceasefire in Gaza. We underscore the urgent need to significantly increase deliveries of life-saving humanitarian assistance throughout Gaza as well as the crucial need to prevent regional escalation. We urge all parties to comply with international law, including international humanitarian law, as applicable. We welcome UNSCR S/RES/2735 (2024), and strongly urge all parties concerned to work immediately and steadily toward the release of all hostages and an immediate ceasefire. We call on all parties to take every feasible step to protect the lives of civilians including aid workers, and facilitate the rapid, safe and unimpeded humanitarian relief to civilians. We also encourage other countries, including those in the Indo-Pacific, to increase their support in order to address the dire humanitarian need on the ground. We underscore that the future recovery and reconstruction of Gaza should be supported by the international community. We remain committed to a sovereign, viable and independent Palestinian state taking into account Israel’s legitimate security concerns as part of a two-state solution that enables both Israelis and Palestinians to live in a just, lasting, and secure peace. Any unilateral actions that undermine the prospect of a two-state solution, including Israeli expansion of settlements and violent extremism on all sides, must end. We underscore the need to prevent the conflict from escalating and spilling over in the region.
    We condemn the ongoing attacks perpetrated by the Houthis and their supporters against international and commercial vessels transiting through the Red Sea and Gulf of Aden, which are destabilizing the region and impeding navigational rights and freedoms and trade flows, and jeopardize the safety of vessels and people on board including sailors.
    We reaffirm our commitment to the implementation of the 2030 Agenda and the achievement of its Sustainable Development Goals (SDGs). We underscore the importance of achieving the SDGs in a comprehensive manner without selectively prioritizing a narrow set of such goals, and reaffirm that the UN has a central role in supporting countries in their implementation. With six years left, we remain steadfast in our commitment to the full implementation of the 2030 Agenda for Sustainable Development and accelerating progress toward all the SDGs in a comprehensive manner that is balanced across three dimensions – economic, social and environmental. From global health to sustainable development and climate change, the global community benefits when all stakeholders have the opportunity to contribute to addressing these challenges. We affirm our commitment to contributing to and implementing the Women, Peace and Security (WPS) Agenda and to achieving gender equality and the empowerment of all women and girls. We underscore our commitment to strongly engaging constructively in the discussion on advancing sustainable development, including at the Summit of the Future. The Quad continues to realize a safe and secure world where human rights and human dignity are protected, based on the central premise of the SDGs: “Leave no one behind.”
    We, the Quad Leaders, remain dedicated to working in partnership with Indo-Pacific countries in deciding our future and shaping the region we all want to live in.
    Enduring Partners for the Indo-Pacific
    Over the past four years, Quad Leaders have met together six times, including twice virtually, and Quad Foreign Ministers have met eight times in the last five years. Quad country representatives meet together on a regular basis, at all levels, including among ambassadors across the four countries’ extensive diplomatic networks, to consult one another, exchange ideas to advance shared priorities, and deliver benefits with and for partners across the Indo-Pacific region. We welcome our Commerce and Industry ministers preparing to meet for the first time in the coming months. We also welcome the leaders of our Development Finance Institutions and Agencies deciding to meet to explore future investments by the four countries in the Indo-Pacific. Altogether, our four countries are cooperating at an unprecedented pace and scale.
    Each of our governments has committed to working through our respective budgetary processes to secure robust funding for Quad priorities in the Indo-Pacific region to ensure an enduring impact. We intend to work with our legislatures to deepen interparliamentary exchanges, and encourage other stakeholders to deepen engagement with Quad counterparts.
    We look forward to the next Quad Foreign Ministers’ meeting hosted by the United States in 2025, and the next Quad Leaders’ Summit hosted by India in 2025. The Quad is here to stay.

    MIL OSI USA News