Category: KB

  • MIL-OSI: GTreasury Customer The Arnott’s Group Wins Adam Smith Award for Cash Forecasting Success

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO and SYDNEY, Feb. 12, 2025 (GLOBE NEWSWIRE) — GTreasury, the pioneer and global leader in Digital Treasury Solutions for the Office of the CFO, today announced that its customer, The Arnott’s Group, has been named a Highly Commended Winner in Treasury Today’s 2024 Adam Smith Awards Asia. The annual industry benchmark for corporate treasury achievement honors the most innovative and transformative treasury initiatives across the Asia-Pacific region.

    The Arnott’s Group—one of Australia’s most iconic food manufacturers, with a portfolio of beloved brands including Arnott’s, Tim Tam & Shapes, V8, Messy Monkeys, Freedom Cereals, and 180degrees—was honored in Treasury Today’s Best Cash Flow Forecasting Solution category.

    “Our separation from Campbell’s presented us with an immediate need to build an independent, modern treasury function from the ground up,” said Joanne Parnell, Treasurer, The Arnott’s Group. “GTreasury’s cloud-based platform eliminated our reliance on manual Excel processes and automated our entire treasury operations, from cash forecasting to FX deal capture. The results continue to speak for themselves: we’ve cut payment preparation time by 30% and reduced our monthly close cycle by a full day. We’re honored that Treasury Today has recognized our treasury team’s work, and the transformative advantages we’ve achieved.”

    Among The Arnott’s Group’s measurable improvements across its treasury operations since implementing GTreasury:

    • Reduced daily cash reconciliation and payment preparation time by 30% through automation
    • Transformed month-end closing from a 1.5-day process to just half a day
    • Shifted from monthly to daily journal preparation, with entries now completed within hours
    • Streamlined team onboarding and training through intuitive cloud-based workflows

    The automated platform has also enhanced The Arnott’s Group’s strategic capabilities, enabling real-time visibility into cash positions and more sophisticated FX risk management. These improvements have freed up the treasury team to focus on strategic initiatives rather than manual processes.

    “The Arnott’s Group treasury team, working in collaboration with HSBC Australia as an implementation partner, was able to transform their entire operation in just six months,” said Jason Baldree, Chief Customer Officer, GTreasury. “It’s a remarkable achievement that we’re proud to have played a role in. Their success sets a blueprint for treasury modernization in the Asia-Pacific region, and we congratulate the team on this well-deserved recognition.”

    About GTreasury

    GTreasury provides CFOs and Treasurers with The Clarity to Act on strategic financial decisions with the world’s most adaptable treasury platform, empowering them to face the challenges of today and tomorrow. Our industry leading solutions are purposefully designed to support every stage of treasury complexity, from Cash Visibility and Forecasting to Payments, Risk, Debt, and Investments. With GTreasury, financial leaders gain comprehensive connectivity across all banks and ERPs to build an orchestrated data environment, enabling rapid value realization with implementations up and running in weeks. Plus, our unmatched industry expertise ensures clients’ continued success through dedicated guidance and top-tier support. Trusted by over 1,000 customers across 160 countries, GTreasury provides treasury and finance teams with the ability to connect, compile, and manage mission-critical data to optimize cash flows and capital structures. To learn more, visit GTreasury.com.

    GTreasury is headquartered in Chicago, with locations serving EMEA (Dublin and London) and APAC (Sydney, Singapore, and Manila).

    Contact
    Kyle Peterson
    kyle@clementpeterson.com

    The MIL Network

  • MIL-OSI: SimpSide – All In One

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Feb. 12, 2025 (GLOBE NEWSWIRE) — SimpSide has been designed to address the most pressing challenges in the world of financial trading. By providing innovative solutions to common issues, SimpSide delivers an entirely new and efficient experience for its users.

    Unmatched Security with SimpSide

    One of SimpSide’s most outstanding features is its commitment to user security and privacy. Unlike many other platforms that store user data on centralized servers thereby increasing the risk of breaches or misuse SimpSide takes a completely different approach. User information is never stored or shared with third parties, except in extreme cases such as combating money laundering or terrorism. This ensures that users retain complete control over their data and can trade with absolute peace of mind.

    Speed and Efficiency Like Never Before

    A common issue with many trading platforms is a decline in speed during periods of high market activity. SimpSide eliminates this problem with its state-of-the-art trading engine, which executes trades up to 12 times faster than traditional platforms. Even during times of extreme market volatility, SimpSide maintains a stable and fast performance. This allows users to act on investment opportunities in real-time, without worrying about delays or missed chances.

    All Markets, One Platform

    One of SimpSide’s most innovative features is its unified platform that provides simultaneous access to stocks, cryptocurrencies, and forex markets. Gone are the days of juggling multiple platforms to manage your investments or transferring funds between different systems. SimpSide brings everything together in one seamless, user-friendly interface, enabling users to manage their entire portfolio from a single location. This approach not only saves time and reduces costs but also significantly enhances the user experience.

    A Platform Built for the Future of Trading

    SimpSide is not just about solving existing problems in financial markets; it’s about setting new standards in the industry. By combining robust security measures, lightning-fast speed, and market integration, SimpSide empowers users to trade with confidence and convenience. This isn’t just a tool; it’s a step toward a better future in financial trading.

    Conclusion

    With SimpSide, concerns about data security, trade delays, or limited market access become a thing of the past. This platform is designed to meet all the needs of modern traders and provide a seamless, worry-free investment experience. SimpSide is the answer to the challenges of today’s financial markets and the bridge to a simpler, faster, and safer tomorrow.

    CONTACT:

    Official Website: Simpside.com

    X: SimpSide

    CEO: Antony Dee

    Email: Support@SimpSide.com

    Adress: Al Maktoum Street, Port Saeed, Deira, Dubai, United Arab Emirates

    Disclaimer: This press release is provided by SimpSide. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9d421263-a8f1-4682-831a-e8f94a741a71

    https://www.globenewswire.com/NewsRoom/AttachmentNg/79c9bc6d-1212-4b1f-9a67-ce5e9d1fb35c

    The MIL Network

  • MIL-Evening Report: Government-Coalition deal secures sweeping new regime for political donations and spending

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

    The Albanese government has secured bipartisan support for a major new regime covering political donations and spending, after making significant concessions.

    The government agreed to increase the proposed threshold above which donations must be disclosed from $1000 to $5000. The present disclosure threshold is $16,900.

    In addition, it has boosted the cap on individual donations to a candidate or party from the earlier proposed $20,000 to $50,000.

    The deal was sealed on Wednesday when Special Minister of State Don Farrell had separate meetings on the final package with Prime Minister Anthony Albanese and Opposition leader Peter Dutton.

    The legislation had been expected to pass late last year but negotiations between the government and opposition stalled at the final moment.

    The government concessions were to accommodate not just the Coalition but also to respond to a degree to criticism from crossbenchers and some stakeholders outside parliament.

    The government needed to get opposition backing to ensure the legislation’s passage before parliament rises this week. If the PM called an April election this would be the last parliamentary sitting.

    Also, it wanted to pass the measures with the support of the alternative government so the new regime would not be undone in the future.

    The reforms are the most comprehensive changes to the electoral system in four decades. The government says they will stop big money coming to dominate politics. But they have been under attack from teal MPs and other critics, including Simon Holmes à Court from Climate 200, which has funded community independents. The critics say they favour the major parties and disadvantage new and small players.

    The new regime will not come into operation until the next parliamentary term and so does not affect this election.

    The changes include disclosure of donations in real time or near-real time, and a series of caps on spending, The cap on each candidate in an electorate would be $800,000, while a party’s national spending would also be capped. At the moment there are no spending caps.

    The legislation increases public funding for elections from under $3.50 per vote to about $5.

    Farrell has not proceeded with a separate measure on truth in advertising, saying there was not enough support for it.

    The Greens described the deal as “a fix”. “Labor and the Coalition are agreeing on rigging the system to lock out their competitors.”

    Independent Zoe Daniel, a teal, said the legislation “entrenches the dominance of the major parties and locks out independents and new competitors”.

    She said it imposed “strict campaign spending caps on Independents while
    allowing major parties to exploit loopholes to pour millions into key
    electorates.

    “Under the new rules, all an independent’s campaign materials – posters, ads, or billboards – would count towards the cap, while major party branding on billboards, leaflets and ads would not. This deliberate imbalance ensures that Labor and the Coalition maintain a financial stranglehold over elections,” Daniel said.

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

    ref. Government-Coalition deal secures sweeping new regime for political donations and spending – https://theconversation.com/government-coalition-deal-secures-sweeping-new-regime-for-political-donations-and-spending-249720

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Europe: Press release – EP TODAY, Wednesday, 12 February

    Source: European Parliament 3

    Commission 2025 Work Programme and new competitiveness strategy

    At 9.00, Commissioner Śefčovič will present the Commission’s 2025 work programme, followed by a discussion with MEPs and Polish EU Affairs Minister Szłapka. In an afternoon debate, starting around 14.00, plenary will review the recently tabled proposal for a new competitiveness roadmap, with Commission Vice-President Séjourné and Minister Szłapka.

    Andreas KLEINER

    (+32) 498 98 33 22

    EuroParlPress

    Estefania NARRILLOS

    (+32) 498 98 39 85

    EuroParlPress

    Repression in Russia one year after Navalny’s murder

    MEPs will examine the Kremlin’s continued repression of Russia’s political opposition a year after the murder of Alexei Navalny, in a debate starting around 10.30.

    US withdrawal from WHO and the Paris deal and suspension of external aid

    Starting around 16.30, MEPs and Commissioner Lahbib will debate the consequences of the US Administration’s decision to pull out of the World Health Organisation and the Paris Agreement on climate change, as well as the impact of the suspension of US humanitarian and development aid.

    Dana POPP

    (+32) 470 95 17 07

    EP_Environment

    Thomas HAAHR

    (+32) 470 88 09 87

    EP_Environment

    Eoghan WALSH

    (+32) 485 39 94 43

    EP_Development

    In brief

    Support to EU regions bordering Russia, Belarus and Ukraine. From around 15.00, plenary will debate with Commission Vice-President Fitto and Minister Szłapka EU support to regions sharing borders with Russia, Belarus and Ukraine.

    Seven years after the Kuciak murders: threats to journalists in the EU. MEPs will assess with Commissioner McGrath the state of media freedom across the EU and discuss how to ensure the protection of journalists.

    Mental health of Europe’s youth. MEPs and Commissioner Micallef will discuss how to tackle increasing mental health issues among European young people.

    Human rights in Türkiye, Nicaragua and Nigeria. MEPs and Commissioner Micallef will consider the recent dismissals and arrests of mayors in Türkiye, repression in Nicaragua and the risk of the death penalty in Nigeria for blasphemy charges. Three draft resolutions will be put to a vote by plenary on Thursday.

    Collaboration between conservatives and far right. In this session’s topical debate at 13.00, MEPs will discuss with Commission Vice-President Séjourné and Polish Minister Szłapka whether collaboration between conservatives and far right threatens competitiveness in the EU.

    Votes

    At noon, plenary will vote, among others, on:

    • New VAT rules for the digital age, and
    • Improved administrative cooperation in the field of taxation.

    Live coverage of the plenary session can be found on Parliament’s webstreaming and on EbS+.

    For detailed information on the session, please also see our newsletter.

    Find more information regarding plenary.

    MIL OSI Europe News

  • MIL-OSI Europe: Message of the Holy Father Francis to the President of the French Republic on the occasion of the “AI Action Summit” in Paris

    Source: The Holy See

    Message of the Holy Father Francis to the President of the French Republic on the occasion of the “AI Action Summit” in Paris, 11.02.2025
    The following is the Message sent by the Holy Father Francis to the President of the French Republic, His Excellency Mr. Emmanuel Macron, on the occasion of the AI Action Summit taking place in Paris (10-11 February 2025):

    Message of the Holy Father
    Message of His Holiness Pope Francis
    to the President of the French Republic
    His Excellency Emmanuel Macron
    on the occasion of the
    “Artificial Intelligence Action Summit”
    Paris, 10 to 11 February 2025
    Mr President, Your Excellencies, Distinguished Participants,
    Upon learning of your praiseworthy initiative to convene a Summit on Artificial Intelligence in Paris from 10 to 11 February 2025, I was pleased to see, Mr President, that you chose to devote the Summit to action in the area of artificial intelligence.
    During our meeting in Puglia in the context of the G7, I had occasion to stress the urgent need to “ensure and safeguard a space for proper human control over the choices made by artificial intelligence programmes”. I am convinced that, lacking such control, artificial intelligence, albeit an “exciting” new tool, could show its most “fearsome” side by posing a threat to human dignity (cf. Address to the G7 Session on Artificial Intelligence, 14 June 2024).
    I therefore appreciate the efforts under way to embark with courage and determination upon a political process aimed at defending humanity from a use of artificial intelligence that could “limit our worldview to realities expressible in numbers and enclosed in predetermined categories, thereby excluding the contribution of other forms of truth and imposing uniform anthropological, socio-economic and cultural models” (ibid.). I am likewise pleased that in this Paris Summit you have sought to include the greatest possible number of actors and experts in a reflection meant to produce concrete results.
    In my most recent Encyclical Letter Dilexit Nos, I distinguished between the operation of algorithms and the power of the “heart”, a concept dear to the great philosopher and scientist Blaise Pascal, to whom I devoted an Apostolic Letter on the fourth centenary of his birth (cf. Sublimitas et Miseria Hominis, 19 June 2023). I did so in order to emphasize that, while algorithms can be used to manipulate and mislead, the “heart”, understood as the seat of our deepest and most authentic sentiments, can never deceive (cf. Encyclical Letter Dilexit Nos, 24 October 2024, 14-20).
    I ask all those attending the Paris Summit not to forget that only the human “heart” can reveal the meaning of our existence (cf. Pascal, Pensées, Lafuma 418; Sellier 680). I ask you to take as a given the principle expressed so elegantly by another great French philosopher, Jacques Maritain: “L’amour vaut plus que l’intelligence” (Réflexions sur l’intelligence, 1938).
    Your efforts, dear friends, represent an outstanding example of a healthy politics that situates technological innovations within a greater project that seeks the common good and is thus “open to different opportunities which do not imply stifling human creativity and its ideals of progress, but rather directs that energy along new channels” (Encyclical Letter Laudato Si’, 24 May 2015, 191).
    Artificial intelligence, I believe, can become a powerful tool in the hands of those scientists and experts who cooperate in finding innovative and creative solutions that promote the eco-sustainability of the earth, our common home, while not overlooking the high consumption of energy associated with the operation of artificial intelligence infrastructures.
    In my Message for the 2024 World Day of Peace, which was devoted to artificial intelligence, I insisted that “in debates about the regulation of artificial intelligence, the voices of all stakeholders should be taken into account, including the poor, the powerless and others who often go unheard in global decision-making processes” (cf. Message for the LVII World Day of Peace, 1 January 2024, 8). In this regard, I trust that the Paris Summit will work for the creation of a platform of public interest on artificial intelligence, so that every nation can find in artificial intelligence an instrument for its development and its fight against poverty, but also for the protection of its local cultures and languages. Only in this way will every people on earth be able to contribute to the creation of the data employed by artificial intelligence, so that the latter will reflect the true diversity and richness that is the hallmark of our human family.
    This year, the Holy See’s Dicastery for the Doctrine of the Faith and the Dicastery for Culture and Education jointly produced a “Note on the Relationship between Artificial Intelligence and Human Intelligence”. That document, published on 28 January last, examines several specific issues concerning artificial intelligence that this Summit is considering, as well as others that I believe to be of particular concern. It is my hope that future Summits will consider in greater detail the social effects of artificial intelligence on human relationships, information and education. Yet the fundamental question is, and will continue to be, human, namely: whether amid these technological advances, “man, as man, is becoming truly better, that is to say, more spiritually mature, more aware of the dignity of his humanity, more responsible, more open to others, especially the neediest and weakest” (cf. John Paul II, Encyclical Letter Redemptor Hominis, 15). Our ultimate challenge will always remain mankind. May we never lose sight of this!
    I thank you, Mr President, and I express my gratitude to all of you who have contributed to this Summit.
    From the Vatican, 7 February 2025
    FRANCIS

    MIL OSI Europe News

  • MIL-OSI Russia: In 2024, investors purchased more than 250 thousand square meters of non-residential real estate from the city

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    Last year, entrepreneurs and individuals purchased more than one and a half thousand commercial real estate properties from the capital. This was reported by the Minister of the Moscow Government, Head of the Department of City Property Maxim Gaman.

    “In 2024, following the results of auctions and the preemptive right of purchase, investors acquired over 1.7 thousand premises and buildings with a total area of 254.3 thousand square meters from the city. Two-thirds of the objects were sold through electronic auctions, which allowed attracting the maximum number of applicants and revealing the investment potential of the lots,” Maxim Gaman emphasized.

    The new owners use the acquired premises for various types of business activities, including opening offices, cafes, and order pick-up points. This contributes to the development of infrastructure and the creation of jobs in the capital.

    Commercial real estate objects are located in different areas of the city. The most popular with investors were those located in the Central, Western and Southwestern administrative districts. Thus, in the center of Moscow, entrepreneurs and individuals purchased more than 300 non-residential premises with an area of 46.1 thousand square meters, in the west – over 240 with an area of about 28.6 thousand square meters, and in the southwest – about 230 objects with a total area of 34.4 thousand square meters.

    “The opportunity to purchase commercial real estate directly from the city is in demand among entrepreneurs. In 2024, at auctions for the sale of such properties, an average of eight participants bid for one lot,” noted the head of the capital’s Department of Competition Policy

    Kirill Purtov.

    Information about current offers from the city is published onMoscow investment portal. To participate in the auction, you will need registration on the Roseltorg platform and an enhanced qualified electronic signature. The organizer of the auction is Moscow City Department of Competition Policy.

    Development of electronic services for business corresponds to the objectives of the national project “Data Economy and Digital Transformation of the State” and the regional project of the city of Moscow “Digital Public Administration”.

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

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

    https: //vv.mos.ru/nevs/ite/149985073/

    MIL OSI Russia News

  • MIL-OSI Russia: 897 old houses have been completely resettled since the beginning of the renovation program

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    Since the beginning of the renovation program, residents of more than 1,200 old houses have begun to move or have already moved into new apartments with improved finishing and high-quality repairs. This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “Since the start of the renovation program in the capital, residents of 1,208 old houses have begun resettling. 897 of these buildings have already been completely resettled. The pace is growing: if in 2018-2019, 26 buildings were completely resettled, then in 2024 their number reached 307. Completely resettled houses are dismantled using smart demolition technology. New residential complexes with accompanying infrastructure are being built on the vacated sites,” said Vladimir Efimov.

    Thus, in 2020, residents moved out of 56 old buildings, in 2021 – from 69, in 2022 and 2023 – from more than 400 in total.

    “The largest number of houses were completely resettled in the South-Eastern Administrative District – 148 buildings were vacated there. In the east and west of the capital – 130 and 115 respectively. Almost 360 new buildings have been prepared for residents of old houses since the beginning of the renovation program. As part of the creation of a high-quality urban environment, the areas around residential complexes are being improved: comprehensive landscaping is being carried out, children’s and sports playgrounds, recreation areas are being equipped. In addition, video surveillance cameras are being installed for the safety of residents,” added the Minister of the Moscow Government, head of the capital’s Department of Urban Development Policy

    Vladislav Ovchinsky.

    In exchange for old housing, the city provides participants in the renovation program with comfortable apartments that are no less in area and number of rooms than the previous ones or have a larger area due to more spacious kitchens, corridors and bathrooms.

    According to the Minister of the Moscow Government, head of the capital’s Department of City Property Maxim Gaman, 148.5 thousand people lived in 897 houses resettled under the renovation program. All of them have already become owners of equivalent housing in new buildings. In the southeast of the capital, more than 26.9 thousand people who lived in 148 old buildings signed contracts for apartments in modern complexes. In the east, more than 20.4 thousand city residents from 130 such houses became new residents. In the west, more than 18.4 thousand Muscovites from 115 resettled buildings received the keys to comfortable apartments.

    The first floors of the constructed complexes are non-residential. They are intended for the placement of social and commercial facilities.

    Previously Mayor of Moscow congratulated The 200,000th resident who has begun resettlement under the renovation program.

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

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

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

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

    https: //vv.mos.ru/nevs/ite/149987073/

    MIL OSI Russia News

  • MIL-OSI Security: Massachusetts Man Sentenced to 3 Years for Firearms Theft

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    Ryan Ansart & Damiean Marcial-Alexander stole multiple weapons from Waterville firearms dealer

    BANGOR, Maine:  A West Springfield, Mass. man was sentenced today in U.S. District Court in Bangor for conspiring to steal firearms from a federally licensed firearms dealer and for stealing those firearms.

    U.S. District Judge Stacey D. Neumann sentenced Ryan Ansart, 22, to three years in prison followed by three years of supervised release. He was also ordered to pay $17,253.37 in restitution. Ansart pleaded guilty on August 22, 2024.

    According to court records, in April 2022, Ansart and coconspirator Damiean Marcial-Alexander broke into a Waterville firearms dealer and stole multiple firearms, including a Glock, Model 17 Gen5 9mm pistol and a Smith & Wesson .38 special revolver. According to an ATF Theft/Loss Report submitted by the store owner, 15 firearms in all were reported stolen, six revolvers and nine semi-automatic pistols. Evidence collected included Instagram and text messages planning the theft, including a map to the location from Marcial-Alexander’s apartment, as well as photos of the two men holding some of the stolen firearms. 

    On February 4, Damiean Marcial-Alexander, (22, Waterville) was sentenced to three years in prison and ordered to pay $17,253.37 in restitution for his role in the conspiracy and theft.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives investigated the case with assistance from the Waterville Police Department.

    ###

    MIL Security OSI

  • MIL-OSI China: Announcement on Open Market Operations No.27 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.27 [2025]

    (Open Market Operations Office, February 12, 2025)

    In order to keep liquidity adequate in the banking system, the People’s Bank of China conducted reverse repo operations in the amount of RMB558 billion through quantity bidding at a fixed interest rate on February 12, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Volume

    Rate

    7 days

    RMB558 billion

    1.50%

    Date of last update Nov. 29 2018

    2025年02月12日

    MIL OSI China News

  • MIL-OSI China: In China’s Harbin, world’s largest ice-and-snow park draws record visitors

    Source: People’s Republic of China – State Council News

    HARBIN, Feb. 12 — Harbin Ice-Snow World, the world’s largest ice-and-snow theme park, has welcomed over 3 million visits as of Tuesday, setting a new attendance record just 52 days into its 26th edition, organizers announced.

    Located in Harbin, the capital of northeast China’s Heilongjiang Province and often referred to as the “city of ice,” this year’s park was built with 300,000 cubic meters of ice and snow and features elaborate ice structures inspired by the 9th Asian Winter Games, which Harbin is hosting.

    Beyond its artistic ice sculptures, the park offers a range of interactive winter attractions, including a snowflake ice maze, ice rinks, and a massive ice slide complemented by over 20 smaller ones.

    “It’s freezing, but absolutely stunning! During the day, the ice sculptures glisten like crystals, and at night, dazzling lights transform the park into a winter wonderland,” said Mandizvidza Shalom Zivo, a visitor from Zimbabwe.

    The park covers 1 million square meters, up from 800,000 square meters last year. This is the largest in its 26-year history.

    As an established ice-and-snow theme park, Harbin Ice-Snow World stands out as one of China’s iconic winter attractions. It surged in popularity on Chinese social media last winter, becoming an internet sensation as passion for winter sports and tourism continues to rise across the country.

    “Through this park, we aim to enhance the global reputation of Heilongjiang and Harbin as premier winter destinations,” said Sun Zemin, deputy director of the marketing department at Harbin Ice-Snow World Park Co., Ltd.

    With its booming ice-and-snow tourism, northeast China has gained fresh appeal. Once known as the country’s rustbelt, the region has long struggled with a painful economic transition and talent outflows.

    China aims to boost its ice-and-snow economy as a new source of growth, targeting an economic scale of 1.2 trillion yuan (about 167.34 billion U.S. dollars) by 2027 and 1.5 trillion yuan by 2030, according to guidelines released by the State Council last year.

    MIL OSI China News

  • MIL-OSI: JLT Mobile Computers AB (publ) publishes 2024 Year-end report

    Source: GlobeNewswire (MIL-OSI)

    Växjö, Sweden, 12 February 2025 * * * JLT Mobile Computers, a leading supplier of rugged computers for demanding environments, today publishes its Year-end report for the full year 2024.

    Summary of key figures

    • Order intake MSEK 103.0 (135.4)
    • Net revenues MSEK 118.4 (158.8)
    • EBITDA MSEK -2.1 (4.8)
    • Depreciation and amortization of development expenses MSEK -8.1 (-2.5)
    • Operating profit MSEK -9.7 (1.9)
    • Profit after taxes MSEK -7.7 (1.6)
    • Cashflow +6.8 (-21.5)
    • No dividend is proposed (SEK 0.00)

    In short

    • Challenging macroeconomic and geopolitical conditions resulted in lower-than-normal demand for JLT products, a rough year for JLT as well as for many other industry colleagues where reports of layoffs and closures occurred.
    • Order intake for the year amounted to MSEK 103 compared to MSEK 135 last year, and sales amounted to MSEK 118, a decrease from MSEK 159 last year.
    • Starting to see a recovery in the market – several major deals booked in the US during the first quarter of 2025, of which one for a leading American food producer to a value of MSEK 22 plus service agreements (press release 2025-01-10). The total order intake in Q1 2025 so far exceeds MSEK 40.
    • To create a more cost-effective and market-adapted structure that enables efficient management and customer-driven development of JLT’s software solutions, the operations of the subsidiary JLT Software Solutions AB have been discontinued (press release 2025-01-17). Capitalized development expenses in the company have been written down and, together with other discontinuation costs, impact the group’s results in the fourth quarter by MSEK 5.0, of which MSEK 1.2 affects cash flow. Software development, including the JLT Insights product, has been integrated with the group’s other product development.
    • Development expenses related to Android have been written down by MSEK 1.7, as the product’s sales did not develop as expected.
    • In 2024, organizational and R&D costs were reduced by MSEK 5.4, despite one-time costs of MSEK 1.2. EBITDA ended at MSEK -2.1, compared to MSEK 4.8 the previous year. For 2025, the mentioned measures are expected to provide additional savings of MSEK 1.5 and reduce amortization of development expenses to MSEK 0.5 compared to MSEK 8.1 for 2024.
    • The core products in JLT’s VERSO and JLT1214™ series have been upgraded with new processors and new technology during the year to maintain JLT’s strong market position (press release 2024-06-13: VERSO and press release 2024-10-22: JLT1214).
    • In October, a senior marketing manager with extensive industry experience was recruited to JLT’s American subsidiary to lead marketing and partner strategy in the USA (press release 2024-10-15).
    • The organization in the French subsidiary, JLT France, has been expanded with a salesperson, and a planned generational shift in leadership has been carried out (press release 2024-10-01).
    • As a result of strategic measures implemented during 2024, inventory was reduced by 6.9 MSEK. Cash flow was positively impacted, and JLT added 6.8 MSEK to its cash reserves. Inventory is expected to be gradually reduced further during 2025.
    • 2024 marked an important milestone for JLT, celebrating 30 years as an innovator of rugged computer solutions (press release 2024-12-12). Since its inception in 1994, JLT has been part of the extensive transformation that the rugged IT solutions industry has undergone.        

    The full interim report is attached to this press release and available for download at the company’s website, jltmobile.com. Additional financial information is available online on JLT’s investor pages.

    This information is information that JLT Mobile Computers AB (pub) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out below, at 08:00 pm CET on Wednesday, February 12, 2025.

    About JLT Mobile Computers

    JLT Mobile Computers is a leading supplier of rugged mobile computing devices and solutions for demanding environments. 30 years of development and manufacturing experience have enabled JLT to set the standard in rugged computing, combining outstanding product quality with expert service, support and solutions to ensure trouble-free business operations for customers in warehousing, transportation, manufacturing, mining, ports and agriculture. JLT operates globally from offices in Sweden, France, and the US, complemented by an extensive network of sales partners in local markets. The company was founded in 1994, and the share has been listed on the Nasdaq First North Growth Market stock exchange since 2002 under the symbol JLT. Eminova Fondkommission AB acts as Certified Adviser. Learn more at jltmobile.com.

    Attachment

    The MIL Network

  • MIL-OSI: New Sampo shares issued in the share split registered with the Finnish Trade Register

    Source: GlobeNewswire (MIL-OSI)

    Sampo plc, stock exchange release, 12 February 2025 at 8:30 am EET

    New Sampo shares issued in the share split registered with the Finnish Trade Register

    Sampo plc announced on 5 February 2025 the resolution by the Board of Directors of Sampo on a share split by way of a share issue without consideration in proportion to shares owned by shareholders. The new Sampo A and B shares are issued to shareholders in proportion to their existing holdings on the record day of the share issuance on 12 February 2025, so that four (4) new A shares are issued for each existing A share and four (4) new B shares are issued for each existing B share. After the share split, shareholders will have five Sampo shares for each old existing Sampo share. The new shares have been registered with the Finnish Trade Register today, 12 February 2025.

    In total, 2,152,191,088 new Sampo A shares and 800,000 new B shares were issued in the share split. Following the registration of the new shares, Sampo’s total share count amounts to 2,691,238,860 shares. The total number of A shares is 2,690,238,860 and the total number of votes attached to these shares is 2,690,238,860. The total number of B shares is 1,000,000 and the total number of votes attached to the shares is 5,000,000.

    Trading in the new A shares on Nasdaq Helsinki, Nasdaq Stockholm (in the form of Swedish depository receipts) and Nasdaq Copenhagen (in the form of share entitlements) is expected to commence on or about 13 February 2025. However, the new Swedish depository receipts are expected to be available on the accounts in Euroclear Sweden on or about 14 February 2025. The share split does not require any action from shareholders nor holders of Swedish depository receipts. The share split will not affect Sampo’s ISIN codes.

    SAMPO PLC
    Investors Relations and Group Communications

    For further information, please contact:

    Sami Taipalus
    Head of Investor Relations
    tel. +358 10 516 0030

    Distribution:
    Nasdaq Helsinki
    Nasdaq Stockholm
    Nasdaq Copenhagen
    London Stock Exchange
    FIN-FSA
    The principal media
    www.sampo.com

    The MIL Network

  • MIL-OSI: Year End Report 2024

    Source: GlobeNewswire (MIL-OSI)

    Highlights

    • The Company added a total of 50 GWh of annual long-term proportionate power generation through acquisitions in 2024, reflecting a five percent increase in long-term power generation, of which 20 GWh was added in the fourth quarter.
    • Power generation amounted to 907 GWh for the year, in line with the updated outlook, and power generation of 287 GWh during the fourth quarter marks the Company’s highest ever quarterly production.
    • Reached the ready-to-permit milestone for the Company’s first large-scale project in the UK, a 1.4 GW solar and 500 MW battery project, and initiated a sales process to assess divestment options.
    • Achieved carbon neutrality for Scope 1 and 2 carbon emissions.

    Consolidated financials – 12 months

    • Cash flows from investing activities amounted to MEUR 32.6 and was positively impacted by the sale of the Leikanger hydropower plant in the second quarter.
    • Cash flows from operating activities amounted to MEUR -6.3.

    Proportionate financials – 12 months

    • Achieved electricity price amounted to EUR 34 per MWh, which resulted in a proportionate EBITDA of MEUR 7.0.
    • Proportionate net debt of MEUR 65.0, with significant liquidity headroom available through the MEUR 170 revolving credit facility.

    Financial Summary

    Orrön Energy owns renewables assets directly and through joint ventures and associated companies and is presenting proportionate financials to show the net ownership and related results of these assets. The purpose of the proportionate reporting is to give an enhanced insight into the Company’s operational and financial results.

    Expressed in MEUR

    1 Jan 2024-
    31 Dec 2024
    12 months
    1 Oct 2024-
    31 Dec 2024
    3 months
    1 Jan 2023-
    31 Dec 2023
    12 months
    1 Oct 2023-
    31 Dec 2023
    3 months
    Consolidated financials        
    Revenue 25.7 7.1 28.0 8.4
    EBITDA -1.6 -2.5 -5.1 -0.9
    Operating profit (EBIT) -17.5 -6.3 -17.0 -4.4
    Net result -13.3 -6.6 -7.6 8.0
    Earnings per share – EUR -0.05 -0.02 -0.03 0.03
    Earnings per share diluted – EUR -0.05 -0.02 -0.03 0.03
    Proportionate financials1        
    Power generation (GWh) 907 287 765 226
    Average price achieved per MWh – EUR 34 30 47 43
    Operating expenses per MWh – EUR 17 14 18 16
    Revenue 30.7 8.7 36.2 9.6
    EBITDA 7.0 0.1 5.3 1.3
    Operating profit (EBIT) -12.9 -4.8 -11.0 -3.2

    1 Proportionate financials represent Orrön Energy’s proportionate ownership (net) of assets and related financial results, including joint ventures. For more details see section Key Financial Data in the Year End Report 2024.

    Comment from Daniel Fitzgerald, CEO of Orrön Energy AB
    “2024 marks another year of good progress despite challenging market conditions. We added around 50 GWh of long-term annual power generation through value-accretive acquisitions in Sweden, strengthened our balance sheet with the sale of the Leikanger hydropower asset, and launched our first sales process in the UK having reached the ready-to-permit stage on a project with 1.4 GW solar generation capacity and a 500 MW battery. In response to the volatile market conditions experienced in 2024, we initiated voluntary production curtailments across a portion of our portfolio, and started providing ancillary services to the market via some of our windfarms. These initiatives have helped us to reduce the impact of negatively priced hours and take advantage of alternative revenue streams. We remain focused on delivering profitable growth and are consistently looking for ways to improve performance during challenging market environments.

    Proportionate power generation amounted to 907 GWh for the year, which was in line with our updated outlook. We delivered a record quarterly power generation of 287 GWh in the fourth quarter, despite the impact of voluntary production curtailments during periods of low electricity prices. While the overall power generation in 2024 was impacted by lower-than-average wind speeds, we hope to see more normalised weather conditions in 2025, following four consecutive years of wind speeds below the historical long-term average. Taking into account this variability, the acquisitions made in 2024, and the potential for future curtailment, we expect our power generation in 2025 to be between 900 and 1,050 GWh, which gives some margin both for weather and market conditions.

    Capitalising on market opportunities
    The renewable energy industry continued to face headwinds in 2024, as elevated interest rates, inflation, and periods of low electricity prices led to downward pressures on valuations and stock prices across the sector. Uncertainty in the US and political shifts across Europe further impacted investor confidence regarding the pace and support for the energy transition. However, the long-term fundamentals for renewable energy remain strong, where onshore wind and solar continue to have the lowest breakeven cost by a significant margin compared to other sources. Despite political or economic headwinds, these investments are poised to stand the test of time. We maintained our strategic focus, adding over 50 GWh of long-term proportionate power generation in 2024 at a cost of less than 0.5 MEUR per MW. We have now replaced 50 percent of the production sold of the Leikanger asset, at a significantly lower unit cost, demonstrating a highly accretive and efficient recycling of capital.

    In the Nordics, electricity prices remained highly volatile, which impacted our financial results. This was largely driven by periods of oversupply due to lower seasonal demand, high hydrological balances, elevated gas storage and surplus electricity from interconnected European markets. Looking ahead, energy demand is forecast to grow, fuelled by GDP growth, continued electrification and increased power needs for data centres and artificial intelligence.

    First UK project reached ready-to-permit stage, sales process commenced
    We continued advancing our project development platform in the fourth quarter, and I am excited to announce that we achieved a significant milestone by having our first large-scale project in the UK reach the ready-to-permit stage. The project is a 1.4 GW solar and 500 MW co-located battery development, and we have initiated a sales process to evaluate divestment options. This is the first project from our pipeline to reach this milestone, and we expect to have a number of follow-on projects reaching the same stage in 2025 both in the UK and Germany. In the UK, two key regulatory reforms are currently ongoing; the Clean Power 2030 Action Plan and the grid connections reform. Both aim to simplify and enhance the ability for renewable energy projects to obtain a grid connection more efficiently based on zonal capacity expectations. These reforms have had an impact on our prioritisation of projects and created some uncertainty for investors in the UK, and we will continue to monitor developments aiming to ensure our projects remain well-positioned in this evolving regulatory landscape.

    Financially resilient
    We remain in a financially robust position, with liquidity headroom exceeding MEUR 100. Proportionate revenues and other income amounted to MEUR 8.9 for the fourth quarter and MEUR 42.1 for the year, which was impacted by low electricity prices, resulting in a proportionate EBITDA of MEUR 0.1 for the fourth quarter and MEUR 7.0 for the year. Our full-year expenditure guidance for 2025 remains largely in line with 2024 and the business strategy remains unchanged as we enter the new year.

    Entering the next chapter of growth
    Looking ahead to 2025 and beyond, I believe this will be a transformational period for Orrön Energy on many fronts. The Nordic business continues its organic growth with a good pipeline of projects, 1,000 GWh of long-term proportionate power generation and plenty of acquisition opportunities. The UK and German teams are rapidly reaching key milestones and we expect to see results from our project sales throughout 2025, with a material pipeline of opportunities to follow. We have now passed the halfway point of the Sudan legal case, and expect the District Court trial to finish during the second quarter of 2026, which will significantly reduce our future legal costs and positively impact our financial results thereafter. With the end of the Sudan trial in sight and our two organic growth platforms running, we can now start shaping the next strategic growth chapter for our business, and over the next year we will explore new opportunities to expand our portfolio and unlock additional value for our shareholders. I would like to thank our shareholders for their continued support and look forward to sharing updates on the exciting growth opportunities that lie ahead of us.”

    Webcast
    Listen to Daniel Fitzgerald, CEO and Espen Hennie, CFO commenting on the report and presenting the latest developments in Orrön Energy and its future growth strategy together with members of Orrön Energy’s management team at a webcast during the Company’s Capital Markets Day today at 14.00 CET. The presentation will be followed by a question-and-answer session.

    Follow the presentation live on the below webcast link:
    https://orron-energy.events.inderes.com/cmd-2025

    For further information, please contact:

    Robert Eriksson
    Corporate Affairs and Investor Relations
    Tel: +46 701 11 26 15
    robert.eriksson@orron.com

    Jenny Sandström
    Communications Lead
    Tel: +41 79 431 63 68
    jenny.sandstrom@orron.com

    Orrön Energy is an independent, publicly listed (Nasdaq Stockholm: “ORRON”) renewable energy company within the Lundin Group of Companies. Orrön Energy’s core portfolio consists of high quality, cash flow generating assets in the Nordics, coupled with greenfield growth opportunities in the Nordics, the UK, Germany and France. With financial capacity to fund further growth and acquisitions, and backed by a major shareholder, management and Board with a proven track record of investing into, leading and growing highly successful businesses, Orrön Energy is in a unique position to create shareholder value through the energy transition.

    This information is information that Orrön Energy AB is required to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the contact persons set out above, at 07.30 CET on 12 February 2025.

    Forward-looking statements
    Statements in this press release relating to any future status or circumstances, including statements regarding future performance, growth and other trend projections, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “seek”, “will”, “would” or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that could occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to several factors, many of which are outside the company’s control. Any forward-looking statements in this press release speak only as of the date on which the statements are made and the company has no obligation (and undertakes no obligation) to update or revise any of them, whether as a result of new information, future events or otherwise.

    Attachment

    The MIL Network

  • MIL-OSI: Aktia Bank Plc directs share issue to the company itself without payment

    Source: GlobeNewswire (MIL-OSI)

    Aktia Bank Plc
    Stock Exchange Release
    12 February 2025 at 8.15 a.m.

    Aktia Bank Plc directs share issue to the company itself without payment

    The Board of Directors of Aktia Bank Plc has, pursuant to the share issue authorization granted by the Annual General Meeting held on 3 April 2024, resolved on an issue of 180,000 new shares to the company itself without payment. The new shares to be issued to the company will be used for reward payments under the company’s incentive programs.

    The total number of the company’s shares after the share issue is 73,161,696 shares, of which 234,834 shares in total are held by the company.

    The new shares will be entered into the Trade Register approximately on 20 February 2025 and will be applied for public trading on Nasdaq Helsinki Ltd approximately as of 21 February 2025.

    Aktia Bank Plc

    Further information:
    Oscar Taimitarha, Director, Investor Relations, tel. +358 40 562 2315, ir (at) aktia.fi

    Distribution:
    Nasdaq Helsinki Ltd
    Mass media
    www.aktia.com

    Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management business sells investment funds internationally. We employ approximately 850 people around Finland. Aktia’s assets under management (AuM) on 31 December 2024 amounted to EUR 14.0 billion, and the balance sheet total was EUR 11.9 billion. Aktia’s shares are listed on Nasdaq Helsinki Ltd (AKTIA). aktia.com.

    The MIL Network

  • MIL-OSI Russia: 14 new charging stations for electric buses installed in Moscow

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    Moscow continues to develop its eco-friendly transport network. Since the beginning of this year, 14 new charging stations for electric buses have appeared in the Ivanovskoye, Dmitrovsky and Konkovo districts. This was reported by the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.

    “With the advent of new charging stations, more electric buses are being put on routes instead of buses. Today, more than 360 ultra-fast chargers have been installed in the capital, which provide operation for over 2.3 thousand electric buses. We are expanding the network of environmentally friendly urban transport, as instructed by Sergei Sobyanin,” said Maxim Liksutov.

    To recharge the battery, the electric bus drives up to the station and the pantograph is connected to the charging dome. The charging stations are suitable for all models of electric buses and work in any weather.

    Eco-friendly and comfortable transport

    Moscow is the leader in Europe in the number of electric buses. Replacing one bus with this type of eco-friendly transport reduces carbon dioxide emissions into the atmosphere by 60 tons per year.

    Since 2022, electric buses with improved equipment have been arriving in the capital. These models have adaptive interior lighting: it changes from cold to warm at 2:00 p.m., making the trip more comfortable. The front route indicator, enlarged by 18 percent, makes it easier to see the vehicle number from afar. To maintain the temperature in the interior, an electric heater is installed, which does not have a negative impact on the environment.

    The range of modern electric buses has been increased from 40–50 to 80–90 kilometers while maintaining the same weight of the vehicle. In 2024, updated KamAZ and LiAZ buses began to hit the road.

    For the convenience of passengers, the cabins are equipped with a climate control system, USB and Type-C ports for charging gadgets, as well as media screens that broadcast up-to-date information about the next stops.

    Infrastructure for electric buses

    Moscow became the first city in Russia to start building modern electric bus parks. In 2022, the largest park in Europe, Krasnaya Pakhra, opened in TiNAO. In 2023, the Mitino park was built, providing 20 districts of the capital and two cities in the Moscow region with an environmentally friendly mode of transport. At the end of 2023, the Saltykovka innovative park began operating, serving routes in the east of Moscow. Today, electric buses are charged and serviced at 12 sites of Mosgortrans State Unitary Enterprise.

    New equipment deliveries and development of charging infrastructure will allow creating more routes. Today, about 2.3 thousand electric buses run on more than 180 routes.

    In accordance with the objectives of the national project “Infrastructure for life” In the capital, much attention is paid to the modernization of social and communal infrastructure, including increasing the number of convenient public transport routes and updating rolling stock.

    In addition, within the framework of the national project, Moscow has begun developing the Central Transport Hub. It will become a single circuit with regular suburban rail transport for more than 30 million residents of 11 regions of Russia.

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    MIL OSI Russia News

  • MIL-OSI Russia: Capital projects receive awards at international exhibition in Bangkok

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    Three capital projects received awards at the International Exhibition of Intellectual Property, Inventions, Innovations and Technologies IPITEX 2025, which was held in Bangkok. This was reported by Maria Bagreeva, Deputy Mayor of Moscow, Head of the Department of Economic Policy and City Development.

    The gold medal in the category “Construction, civil engineering and architecture” was won by the collection of standards for assessing the costs of operating urban facilities (SN-2012). The organizers also awarded it a special prize for the high level of the product.

    The electronic robotic system “Risk-Based Approach to Execution of Government Contracts” won the gold medal in the category “Robotics, Electronics, Automation, Internet of Things and Software”. In addition, the project was awarded a special prize by the Japan Intellectual Property Association (JIPA) as the best innovative IT development.

    The investment program registry won a silver medal in the category “Environmental protection, energy, water supply, green technologies”. In addition, it was awarded a diploma by the World Association of Women Inventors and Entrepreneurs as the best development.

    “The digital technologies that Moscow is implementing to improve the quality of life of the population and improve the business climate of the Russian capital are receiving recognition from the expert community at the international level. The SN-2012 collection contains prices for all types of work and services for the maintenance and repair of schools, clinics, parks, roads, bridges and other city facilities. This information helps the city avoid unjustified costs and provides businesses with equal conditions for participation in government procurement,” noted Maria Bagreeva.

    She also emphasized that the robotic system “Risk-oriented approach to the execution of state contracts” allows organizations to control the timely payment of contracts and reduces the time for auditing subordinate institutions. The register of investment programs, in turn, simplifies the interaction between project initiators and potential investors, which accelerates the implementation of significant city initiatives.

    In 2024, the main IPITEX awards were given to the Unified Data Warehouse database, as well as the digital mechanism for forming purchases in the healthcare system within the Expertise platform. The model for predicting citizens’ fees in the Tariff information and analytical system won a bronze medal.

    The International Exhibition of Intellectual Property, Inventions, Innovations and Technologies IPITEX has been held in Bangkok since 1995 under the auspices of the National Research Council under the patronage of the King of Thailand and the International Federation of Inventors Associations. In 2025, 680 developers from 22 countries took part in it.

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    MIL OSI Russia News

  • MIL-OSI Russia: A residential area with a kindergarten will appear in the Sokolinaya Gora district under the KRT program

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    In the Sokolinaya Gora area, three sites will be reorganized under the integrated development of territories (IDT) program. The corresponding draft resolution published on the mos.ru portalThis was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “Located in the east of the capital, three sites with a total area of 2.47 hectares are part of one integrated development project. It is planned to build a modern residential area with a kindergarten for the purposes of the renovation program. The total area of the property will be 46.5 thousand square meters. Investments in the development of the site are estimated at 7.7 billion rubles, and the annual budget effect is 28.7 million rubles,” said Vladimir Efimov.

    The plots are located near the Izmailovo station of the Moscow Central Circle and the Partizanskaya station of the Arbatsko-Pokrovskaya metro line.

    “The total area of new buildings for the purposes of the renovation program will be 41.5 thousand square meters. On the ground floors of residential buildings, there will be retail and utility facilities, as well as catering establishments. A kindergarten for 250 children will appear on the territory of the block. As a result, the city will receive about 65 jobs. All areas will be improved, landscaped, and new roads will be built here,” said the Minister of the Moscow Government, Head of the Department of City Property

    Maxim Gaman.

    Trees and shrubs will be planted on the territory, children’s and sports playgrounds will be equipped, as well as recreation areas for city residents.

    According to the Minister of the Moscow Government, Head of the Department of Urban Development Policy Vladislav Ovchinsky, in the Sokolinaya Gora area, residential complexes will be built for the purposes of the renovation program, the total area of apartments in which will be approximately over 24 thousand square meters. This will provide housing for about 900 Muscovites. Apartments for occupancy will be handed over with a finished, improved finish. The entrances will be equipped with rooms for concierges and stroller storage, and lights and video surveillance cameras will be installed on the territory.

    According to the program of integrated development of territories, multifunctional city quarters are being created, where roads, comfortable housing and all necessary infrastructure are being designed on the site of former industrial zones and inefficiently used areas. Currently, 302 KRT projects with a total area of about 4.2 thousand hectares are at various stages of implementation in the capital. This work is being carried out on behalf of the Mayor of Moscow.

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    MIL OSI Russia News

  • MIL-OSI Russia: 33 residential complexes built in the south of the capital under the renovation program

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    In the Southern Administrative District (SAD), 33 new buildings were built under the renovation program. They are located in 10 districts, said the Minister of the Moscow Government, head of the Department of Urban Development Policy of the capital Vladislav Ovchinsky.

    In total, 378 houses in the district are to be resettled. More than 82 thousand Muscovites will receive new apartments.

    “In total, in 33 residential complexes built under the renovation program in the Southern Administrative District, more than 6.8 thousand apartments with finished improved finishing have been equipped. Most new buildings appeared in the Tsaritsyno district – 10 buildings, in which more than two thousand apartments have been prepared. In Nagatinsky Zaton, five new buildings with more than a thousand apartments have been erected. In Danilovsky and Nagorny districts – four residential complexes each, in which in total there are more than 1.6 thousand apartments,” Vladislav Ovchinsky specified.

    Trees and shrubs are planted near new houses, lawns and flower beds are laid out, children’s and sports playgrounds, as well as recreation areas are set up.

    Earlier Sergei Sobyanin congratulated The 200,000th resident who has begun resettlement under the renovation program.

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

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

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    MIL OSI Russia News

  • MIL-OSI Russia: The second stage of improvement of the territory near the Pykhtino metro station has been completed

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    Capital specialists urban economy complex completed the second stage of landscaping the area near the Pykhtino metro station. This was reported by the Deputy Mayor of Moscow for Housing and Public Utilities and Landscaping Petr Biryukov.

    “The main objectives were to improve pedestrian and transport accessibility of the new station, organize convenient approaches and driveways to it, and adapt the spaces to the needs of local residents. The boundaries of the work included Aviakonstruktora Petlyakova Street, Projected Drives No. 7654 and 7653a,” noted Petr Biryukov.

    Overhead lines near the metro station were removed into a 1.8-kilometer cable duct. In addition, almost 900 meters of drainpipes were laid.

    As part of the project, more than 10 thousand square meters of sidewalk pavement and 22.4 thousand square meters of asphalt on the roadway were renewed, new markings were applied, and about 320 road signs were installed.

    The specialists also installed almost 80 modern lanterns. Unregulated crossings were equipped with 36 contrast lighting supports.

    In addition, a 26,000 square meter lawn was laid out near the Pykhtino metro station, and a skate park was set up near the Solntsevo Park shopping center.

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  • MIL-OSI Russia: Olympic champions fulfilled the dream of a capital schoolgirl

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    Professional athletes fulfilled the dream of 17-year-old Margarita, a pupil of a center for orphans, as part of the project “Let’s Be Friends!” The girl attended a training session with experienced figure skaters, reported Anastasia Rakova, Deputy Mayor of Moscow for Social Development.

    “We strive to create comfortable and favorable conditions for children who find themselves in a difficult life situation. Thanks to the “Let’s Be Friends!” project, young Muscovites can find friends, mentors, and decide on a career choice. Over 4.5 years, the project has helped fulfill more than 220 children’s wishes, including meeting famous people. This time, we decided to organize training for the children on Vorobyovy Gory under the guidance of outstanding athletes. The day before, on February 11, Olympic champions held a master class for the children of orphanages at the skating rink of the Palace of Pioneers. Professional figure skaters, bobsledders, and hockey players showed the children the techniques of sharp turns and braking on ice,” said Anastasia Rakova.

    Margarita’s friends from orphanage centers, as well as Olympic champion and president of the Association for the Development of Mass Figure Skating Ekaterina Deputat (Bobrova) and world championship medalist, master of sports Andrey Deputat came to support her. They conducted a full training session for the beginning figure skater, paying attention to the correct body position, technique of performing steps, turns, safe falls and basic elements of figure skating.

    According to Margarita, she liked the spins, runs and skating on one leg the most. She had seen these elements at competitions before, and now she could repeat them herself. The girl quickly mastered the new movements and even helped her friends. She noted that she received a boost of inspiration and will continue to develop in her favorite sport.

    “We started the master class with a number performed by Andrey to inspire the children. Our main message is that all children understand that everyone is capable of mastering figure skating, it is not as difficult as it seems. Margarita skates very well, it is clear that she is truly inspired and this helps her not to give up, even when she did not succeed the first time. We will be glad to see her in the ranks of amateur figure skaters,” Ekaterina Deputat emphasized.

    Olympic bobsleigh champion Dmitry Trunenkov and famous hockey players Aslan Raisov and Stanislav Katsuba taught children hockey skating. They demonstrated the techniques of acceleration, sharp turns, balancing and stopping on the ice. The children enthusiastically mastered new skills that develop strength, coordination and endurance. Dmitry, on behalf of all the participants of the “Star Troopers” team, wished the children to be confident in their abilities, not to be afraid to set the most ambitious goals and go towards their dreams, and he and his colleagues and friends will always help with this.

    The Let’s Be Friends! project helps orphans and children from families in difficult life situations find friends, mentors and decide on a future profession. Last year, the participants met cosmonauts and visited the Moscow Planetarium. Movie and TV fans were able to talk to famous actors and see how news is created. A meeting with Olympic champion Alina Zagitova brought special joy.

    The project’s partners have already reached 15 organizations. In addition to the representatives of “Star Troopers”, the participants include, for example, the Moscow transport team, the Moscow Zoo, the Alliance for the Protection of Children in the Digital Environment, the Spartak football club, and the Che theater.

    Anyone can make the dream of the children in orphanage centers come true. You can learn more about the project and join it on the official website.

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

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

    https: //vv.mos.ru/nevs/ite/149993073/

    MIL OSI Russia News

  • MIL-OSI United Nations: Colombian conflict survivors turn forest heroes in search of climate change solutions

    Source: United Nations MIL OSI b

    Climate and Environment

    “What do I want the river to carry away? The deforestation,” Sandra Donado says, her voice competing with the sudden storm lashing her canoe as it floats down the Guaviare River in Colombia’s Amazon biome region.

    This waterway, a silent witness to the turmoil of the municipality of Mapiripán, has seen it all – the wildlife trafficking, the coca harvests that fuelled conflict, the human bodies left behind amid a heinous massacre and the relentless erosion of the rainforest it once nourished.

    Now, Sandra hopes it will carry away the pain of the past and usher in an era of healing for her community and for its land.

    Mapiripán has long been trapped in a cycle of conflict and environmental degradation exacerbated by climate change. Many years ago, it was known for its illegal wildlife fur trade; later, it became a coca-growing region, attracting armed groups that turned the lush rainforest into a battleground.

    Promise of prosperity

    A young Sandra, facing extreme poverty and violence, arrived in Mapiripán in the early 2000s, drawn by a promise of prosperity. “There was an economic boom,” she recalls, “but it came from illicit crops – there was no other way to live.”

    But the area’s prosperity was short-lived. Eventually, the conflict escalated, and the coca trade collapsed, leaving the community in ruins. “We lived with both prosperity and conflict,” Sandra says, her voice trembling as she recounts harrowing experiences of hiding from armed groups.

    By 2009, most of the people in the rural communities in the region were forced to leave.

    Many, including Sandra, returned after the signing of the Colombia Peace Agreement in 2016 which ended a decades-long rebel insurgency.

    But the land, scarred by conflict and unsustainable cultivation, now struggled to produce. With a lack of infrastructure and limited market access, farmers like Marco Antonio Lopez turned to cattle ranching for survival.

    Deforestation boom

    This meant clearing more forests. “We would deforest 15 or 20 hectares with our own hands for our cattle,” he admits, “not to destroy biodiversity, but to find a way to survive.”

    They also watched helplessly as newcomers took over abandoned areas and deforested even larger swaths of land. “They didn’t care about deforesting 700 to 1,000 hectares,” Sandra says with disgust. “They would just cut right through the centre of the mountain.”

    The consequences were becoming all too clear: “That’s when we started to feel the heat, to notice the change in the climate,” she adds.

    © FAO/Felipe Rodríguez

    A silvopastoral system in the Amazon integrates trees and shrubs into livestock pastures. This increases carbon storage in trees and soil, reducing greenhouse gas emissions from livestock and fertilizer and boosting resilience to climate change.

    Sandra and Marco now long for a future where they can improve their lives while protecting the forests, a desire shared across the country.

    In fact, Colombia has made significant progress in curbing deforestation. The nation demonstrated that, between 2015 and 2016, deforestation rates in its Amazon Biome dropped substantially, preventing almost seven million tons of CO2 emissions.

    This success helped the nation secure a $28.2 million Results-based Payment (RBP) from the Green Climate Fund (GCF) in 2020 to implement the Colombia REDD+ (Reducing Emissions from Deforestation and Forest Degradation) project, known in the country as Vision Amazonia.

    Led by the UN’s Food and Agriculture Organization (FAO), Vision Amazonia promotes conservation and sustainable land management in rapid deforestation areas like Mapiripán.

    © FAO/Felipe Rodríguez

    A silvopastoral system in the Amazon integrates trees and shrubs into livestock pastures. This increases carbon storage in trees and soil, reducing greenhouse gas emissions from livestock and fertilizer and boosting resilience to climate change.

    ‘We, the community’

    In coordination with the Colombian government and local communities, the FAO project which runs until the end of 2026, protects the Amazon biome through forest monitoring and sustainable management practices, benefitting smallholders, farmer associations and local authorities alike.

    “We, the community, are already aware of the problem caused by climate change. Now when we go out into the field to do work, the sun is so strong that we cannot resist the heat anymore. We have truly begun to develop an awareness of the need for preservation of these beautiful ecosystems that we have in the territory,” says Marco.

    “If the forest thrives and we thrive, the animals thrive,” Sandra adds.

    © FAO/Felipe Rodríguez

    Deforestation releases carbon into the atmosphere, which fuels climate change and further harms forests.

    “With this project,” explains Sandra Vanegas, FAO local markets coordinator, “we are ensuring forest conservation while families generate resources through associative projects.

    “We are promoting agroforestry gardens where they can produce for their own consumption and conserve seeds and endemic plants.”

    Indeed, Marco and Sandra’s communities have now gained a deep understanding of agroforestry, a sustainable land use practice that combines agriculture and forestry. Through educational visits, they’ve witnessed firsthand how to revitalize their soils with organic fertilizer and grow their own food.

    Marco recounts a gradual awakening regarding their livestock. “We didn’t know at the time,” he admits, “that we didn’t need a huge extension of pastures for our cows to have good nourishment.”

    The initiative, he says, opened their eyes through a series of training sessions. Now they have started to implement silvopastoral systems by planting trees on their family farms.

    “They gave us a broader perspective, helping us realize the damage and consequences of continued deforestation. That’s when we, as leaders, took a stronger stance to protect the forest.”

    This newfound awareness led them to form the AGROCIARE association to pursue sustainable projects. For instance, they have been actively working to plant and commercialize the cacay tree, a native Amazonian species known for its nutritious fruit.

    With training in legal and organizational skills, they’ve strengthened their association’s capacity to advocate for environmental protection and better livelihoods.

    “Our vision is to ensure that the treasure of our environment and rainforest is protected by those of us who live here,” Marco declares.

    By working with the rural communities, the programme is finding climate solutions that are effective, equitable and offer a different future for the Amazon.

    Agrifood systems solutions are climate, biodiversity and land solutions

    This story is part of a three-part series from FAO on climate, biodiversity and land solutions in Colombia. These stories take you from the arid landscapes of La Guajira, where the SCALA programme is supporting climate resilience and food security, to the Pacific coast, where a Global Environmental Facility-supported project is working to conserve rich biodiversity while also contributing to the pursuit of peace.

    MIL OSI United Nations News

  • MIL-OSI United Nations: ‘Cut the theatrics’: UN climate chief tells COP29 negotiators to focus on solutions as talks enter final week

    Source: United Nations MIL OSI b

    Climate and Environment

    As COP29 climate talks in Baku enter their final week, the UN climate chief told negotiators on Monday to “cut the theatrics,” get down to business and hammer out a new finance deal to compensate countries for climate-driven damages and pay for a clean-energy transition.

    We can’t lose sight of the forest because we’re tussling over individual trees,” said Simon Stiell, urging delegates to wrap up “less contentious issues” as early as possible this week, so there is enough time for the major political decisions.

    COP29 opened in the Azerbaijan capital this past Monday with the main goal of reaching agreement on scaling up finance to address the worsening impacts of global warming.

    Despite an early breakthrough on standards that will pave the way for a UN-governed carbon market, the talks on climate finance have been slow and contentions, with delegations digging in their heels rather than looking for common ground.

    Time for business, not brinkmanship

    “Bluffing, brinksmanship, and pre-mediated playbooks” are burning up precious time and running down the goodwill needed for an ambitious package, emphasized Mr. Stiell, who is the Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), which convenes the annual COP meetings.

    The stakes are too high for “an outbreak of ‘you-first-ism’…where groups of parties dig in and refuse to move on one issue, until others move elsewhere,” he said and the only way to get the job done is “if Parties are prepared to step forward in parallel, bringing us closer to common ground.”

    Mr. Stiell’s plea comes after UN Secretary-General António Guterres also voiced concern over the state of negotiations at COP29, noting that countries must agree to an ambitious climate finance goal that meets the scale of the challenge faced by developing countries.

    Speaking to reporters in Rio on Sunday ahead of the G20 summit, the UN chief said that “now is the time for leadership by example from the world’s largest economies and emitters. Failure is not an option.”

    Beyond the negotiations, other meetings and high-level events at COP29 touched on a range of topics – from the climate-health nexus to human development and education.

    UN News/Nargiz Shekinskaya

    Catarina from Brazil (left) and Francisco from Columbia (right) call for a UN children’s COP during a UNICEF press conference on youth-led climate action, held at COP29 in Baku

    ‘No decisions about us without us!’ 

    Children and young people also made their voices heard at several lively and well attended events, as they called for protection from the effects of climate change; measures to prevent further destruction of the planet; and stepped-up efforts to preserve nature.

    They urged decision-makers at COP29 to give them a seat at the climate negotiating table and to urgently consider organizing a separate UN climate conference specifically for children.

    According to the UN Children’s Fund (UNICEF), climate change impacts the well-being of nearly 1 billion children – half of the world’s child population. Air pollution, infectious diseases, environmental degradation, and extreme weather events compromise children’s health, hinder their education, and deprive them of the nutrition they need to grow and thrive.

    During heatwaves, young children are at risk of dehydration because their bodies cannot regulate temperature effectively. Floods and droughts impoverish families, leaving children to bear the consequences.

    “Floods force school closures in Liberia, and children miss school,” said Juanita Tamba of the World Association of Girl Guides and Girl Scouts, the world’s largest volunteer movement for the empowerment of girls and young women.

    “And during the dry season, we have to travel long distances to fetch water, and girls often face violence while trying to get water,” she told UN News.

    UNICEF estimates that climate-related disasters cause approximately 40 million children to miss school each year, and the number is rising. 

    Zunaira, from Pakistan, one of the youngest participants in Baku, is attending COP29 with the support of UNICEF.  

    She told UN News: “When there are floods in my country, resources become limited, and there are not enough for everyone. Children, especially girls, are the most affected.”

    Speaking at a UNICEF press conference on youth-led climate action, Rasul, a youth from Azerbaijan highlighted the dire condition of the Caspian Sea. “Due to rising temperatures and prolonged heatwaves, the water level in this amazing body of water is falling,” he said.  

    Baku is situated on the coast of the Caspian, the biggest inland body of water in the world. Rasul observed that the effects on Azerbaijan’s people are becoming more noticeable as the shoreline recedes, particularly the rising temperatures: “Both summer and winter in Azerbaijan are getting warmer.” 

    ‘The future needs a voice!’

    Catarina, a 16-year-old environmental activist from Salvador, Brazil, a city on the Atlantic Ocean, also shared her experiences.  

    A passionate surfer since childhood, she noted: “When I was nine years old, I actually felt the ocean warming. I was constantly in the water and… I realized something was wrong when [it] was much hotter than normal in areas I frequented. Then I noticed coral reefs covered in white spots – coral bleaching was something I had never seen before.”

    Despite her young age, Catarina is an experienced climate activist. When she was just 12 years old, she joined other children in filing a complaint with the Geneva-based UN Committee on the Rights of the Child to protest government inaction on the climate crisis.

    “It was the first time children brought a global complaint through a UN mechanism. We denounced five countries, and as a result, the UN officially recognized that children’s rights are affected by the lack of climate action,” Catarina said.

    In an emotional speech, she emphasized: “Children have things to say, and we know how to say them. We need the space… not at COP30. We need a COP for children right now!”  

    According to Catarina, she was fairly certain that it might be too late to make significant change by the time she started her job or rose to a position of influence.

    “Effective actions must happen now. That’s why children need to be included in the decision-making process. If we are the future, then this future needs to have a voice,” she concluded. 

    UNICEF Executive Director Katherine Russell has echoed Catarina’s sentiments, saying earlier this month: “At COP29 and through Nationally Determined Contributions, governments must prioritize children’s rights,”  

    “Children need to be included in the solutions, and global leaders must make health care, education, water, and sanitation systems more resilient to the impacts of climate change. Now is the time to act.”

    Under the Paris Agreement, countries are required to submit updated national climate action plans, or NDC’s, next year at COP30.  

    In that context, UNICEF has warned that less than half of the current plans are child- or youth-sensitive, and only three percent were developed through participatory processes involving children.

    Against this background, 16-year-old Payton Esau from Canada brought a manifesto to the climate conference, signed by 800 of her peers.  

    “We demand that governments communicate in a language young people can understand so we know what measures are being taken to combat climate change. Governments must act without delay to keep warming below 1.5 degrees Celsius,” Payton told UN News.

    Want to know more? Check out our special events page, where you can find all our coverage of COP29, including stories and videos, explainers and our newsletter.

    MIL OSI United Nations News

  • MIL-OSI United Nations: COP29 draft deal proposes wealthy nations give $250 billion in climate finance

    Source: United Nations MIL OSI b

    Climate and Environment

    A new draft finance deal delivered to harried negotiators in Baku on Friday – the final scheduled day for the UN climate talks that have been under way for the past two weeks – proposes rich countries commit $250 billion a year to help vulnerable nations cope with our warming planet and to accelerate the global switch to renewable energy.

    The new draft outcome text, which will surely push this round of talks into the weekend, called for the overall climate financing goal to reach “at least $1.3 trillion by 2035”, but left out specifics – grants, loans, or from the private sector – on how these funds will be raised.

    Delegations in Baku are expected to keep negotiating on several key issues:

    • Specifics about the role of developed countries in providing this new finance.
    • A global goal on a just transition.
    • Clear way forward on both adaptation and mitigation.

    The conference plenary is expected to reconvene on Saturday to work towards a final agreement.

    ‘A slap in the face’

    Civil society climate and environment advocates were quick to react to this latest draft.

    Some expressed their anger and disappointment at the draft by taping pieces of paper on their faces or foreheads with “Pay up!” written on them.

    Kelly Stone from ActionAid International Foundation explained to UN News, “I am wearing this because we are calling on Global North countries to pay up for climate finance and the debt they owe to the Global South.”

    Namrata Chowdhary from the 350.org, an international environmental organization, stated: “I can say it is disappointing [at] the very least.”

    “It is a slap. It is an insult. It is shocking that we are at this state now. The rich countries are basically gambling with the lives of people in the developing nations and small islands,” she said.

    Lidy Nacpil from Asian Peoples’ Movement on Debt and Development also expressed her disappointment. She also pointed out that “climate finance should not come in the form of loans because this will add to the debt burden”.

    “One of the issues that is preventing the Global South from undertaking urgent climate actions and also from providing our people with the essential services we need is the debt burden,” she told UN News.

    Jacobo Ocharan of Climate Action Network International said: “We urge all developing countries to have the courage in the negotiations to keep pushing, because this deal is terrible. We keep pushing on the idea that no deal is better than a bad deal.”

    UNFCCC/Kiara Worth

    Negotiating teams at COP29 in Baku, Azerbaijan, pictured here during a break in the talks, are working to reach agreement on a new climate financing deal.

    What’s at stake

    COP29, formally the 29th Conference of Parties to the UN Framework Convention on Climate Change (UNFCCC), has been dubbed, the ‘climate finance COP’ because parties are expected to establish a new global climate finance target.

    This target, or new collective quantified goal (NCQG), is seen as one of the summit’s main deliverables. It will replace the existing $100 billion goal that is due to expire in 2025.

    Climate experts have pegged the new annual funding goal at between $1 trillion and $1.3 trillion, which would assist vulnerable nations to deal with loss and damage from climate change and to adapt to that change, including building out their own clean-energy systems.

    Last week, in a move to support a new funding target, the World Bank Group and other multilateral development banks announced a significant boost in climate finance for low- and middle- income countries. This would reach $120 billion a year by 2030 with another $65 billion mobilised from the private sector, and a natural projection that would increase these values for 2035.

    A significant breakthrough on the opening day at COP29 was the adoption of Article 6 of the Paris Agreement, paving the way for a UN-backed global carbon market. This market will facilitate the trading of carbon credits, incentivizing countries to reduce emissions and invest in climate-friendly projects.

    Want to know more? Check out our special events page, where you can find all our coverage of COP29, including stories and videos, explainers and our newsletter.

    MIL OSI United Nations News

  • MIL-OSI United Nations: COP29: Governments, industry must stop ‘lip-service’ on methane and slash emissions, says UNEP

    Source: United Nations MIL OSI b

    Climate and Environment

    The UN environment agency chief warned the COP29 climate summit in Baku on Friday that methane emissions must come down – “and come down fast” –to have any chance of controlling global warming. 

    That message comes after a new UN report revealed that, over the past two years, a sophisticated system that detects significant methane leaks has sent 1,200 notifications to governments and businesses, but only one per cent of those notifications have been answered.

    Soundcloud

    “We now have a proven system to identify major leaks so they can be quickly stopped – often with simple repairs. We are quite literally talking about screwing bolts tighter in some cases,” Inger Anderson said, launching the report, which highlights plume alerts from the Methane Alert and Response System (MARS).

    The UN Environment Programme (UNEP) chief’s alert was just one of the many key events taking place today at COP29. The latest annual UN climate summit has been underway in the Azerbaijan capital city since Monday and heads into the weekend with experts and government negotiators set for tough talks over climate finance and emission reductions. The goal is reaching an agreement by the time the meeting wraps up at the end of next week.

    What is methane?

    According to UNEP, human-caused methane emissions are responsible for roughly one-third of the planet’s current warming. Reducing these emissions is the fastest, most cost-effective way to slow global warming in the near-term and is essential to averting critical climate damage.

    Three industries account for the majority of human-caused methane: agriculture, waste and fossil fuels. Coal mining contributes 12 per cent of emissions in the fossil fuel industry, while the extraction, processing, and distribution of oil and gas account for 23 per cent. 

    About 20 per cent of methane emissions in the waste sector come from wastewater and landfills. Finally, about 32 per cent of emissions in the agricultural sector come from grazing livestock and manure, while a further eight per cent come from rice farming.

    Right now, there is roughly 2.5 times the amount of methane in the atmosphere than there was during pre-industrial times and emissions have been rising in recent years, according to the UN World Meteorological Organization (WMO).

    How can we slash methane?

    While methane is considered an ‘aggressive greenhouse gas’ it is actually easier to reduce than carbon dioxide, or CO2, the better-known heat-trapping gas, because methane has a shorter lifespan in the atmosphere.

    The UNEP-led International Methane Emissions Observatory (IMEO) and the hi-tech MARS system use artificial intelligence (AI) and satellite data to detect gas releases and to help industry and countries identify and deal with large methane emissions.

    Governments and oil and gas companies must stop paying lip-service to this challenge when answers are staring them in the face,” stated Ms. Anderson, UNEP Executive Director. 

    Instead, they should recognize the significant opportunity presented “and start responding to alerts by plugging leaks that are spewing climate-warming methane into the atmosphere. The tools are ready, the targets are set – now it is time to act,” she said.

    While more remains to be done, the report does highlight examples of nations and companies responding – proving the value of data-driven solutions such as MARS. In 2024, the IMEO facility verified action to reduce emissions from major leaks in Azerbaijan and the United States. 

    In Algeria and Nigeria, MARS notifications and engagement led to direct action from the governments and oil and gas companies to address large methane leaks. For example, UNEP says that in the Nigeria case, the six-month leak emitted methane equivalent to 400,000 cars being driven for a year and was able to be fixed in under two weeks by simply replacing faulty equipment.

    Want to know more? Check out our special events page, where you can find all our coverage of COP29, including stories and videos, explainers and our newsletter.

    MIL OSI United Nations News

  • MIL-OSI Australia: 37-2025: List of treatment providers: treatment provider suspended – Inavab Fumigation & Pest Ctrl Mgt Pte Ltd (AEI: SG4003SB)

    Source: Australia Government Statements – Agriculture

    12 February 2025

    Who does this notice affect?

    Stakeholders in the import and shipping industries—including vessel masters, freight forwarders, offshore treatment providers, Biosecurity Industry Participants, importers, customs brokers, principal agents and master consolidators.

    What has changed?

    Following identification of critical non-compliance, we have suspended Inavab Fumigation & Pest Ctrl Mgt Pte Ltd (AEI: SG4003SB) from AusTreat.

    The treatment…

    MIL OSI News

  • MIL-OSI Australia: Interview with Rafael Epstein, Melbourne Mornings, ABC Radio

    Source: Australian Treasurer

    Rafael Epstein:

    Pretty big announcement from the federal government today. They’re going to let the banks, when they lend you money for a mortgage, they can relax the rules when it comes to the debt you owe for your university degree. So, you might say, woohoo, fantastic. You can borrow more or borrow sooner. Is it financially smart? Andrew Leigh joins us. He speaks for the Albanese government on this.

    Andrew is the Assistant Minister for Competition, Charities, Treasury and Employment. Andrew Leigh, good morning.

    Andrew Leigh:

    Good morning, Raf. Great to be with you.

    Epstein:

    Is it a good idea?

    Leigh:

    Certainly is. We need to make sure that more Australians get into housing and to the extent that lenders have been taking into account your HECS debt, that can sometimes hold young people back from home ownership. And the fact is HECS is not a debt like any other, it’s a debt whose repayments stop if you lose your job. It’s proportional to your income. It is a repayment that occurs through an income contingent loan. And so, taking that off the table when lenders are considering how to allocate funding and who to lend to is really important in terms of boosting home ownership rates.

    Epstein:

    So, I understand that it’ll allow more people to buy a home. That’s a good thing. I’m just not sure if it’s a smart thing financially. I mean, if I’m earning say $80 grand, I still have to, I’ve got to pay that HECS debt. So, if interest rates go up suddenly, it is an extra cost that I have to pay. Why should the banks not take that into consideration?

    Leigh:

    Well, the first thing to say, we’re reducing those HECS debts. A re‑elected Albanese government would cut all the HECS debts by 20 per cent. We’ve already changed indexation so that that’s operating off the lesser of wages or inflation and backdated that over a year, saving hundreds of dollars for the typical HECS debtor.

    But more broadly to your question, Raf, this is an appropriate way of recognising that an income contingent loan isn’t like having a car loan, for example. It’s a fundamentally different kind of loan and we want to make sure that people don’t have to choose between getting an education or getting a house, that both of those are easily open to young Australians.

    Epstein:

    A slightly different issue. I know your time is short because parliament is sitting. Free trade is clearly something that Donald Trump supporters don’t like. And I think it’s worth noting the US Presidents kind of almost torn up the free trade agreement between America and Australia by even talking about tariffs. But is free trade, is it actually fair? Is it effective? Does it actually help all of us?

    Leigh:

    Well, Raf, the way I think about trade is it’s another form of comparative advantage. Just as most of us don’t fix our own car or cut our own hair or make our own wine, so too countries tend to specialise in what they do best. And this isn’t a zero‑sum game. Trade isn’t like the Eurovision Song Contest or the Olympics. Trade is a way in which each of us can benefit from specialising in what we do best. And just as your hairdresser doesn’t defeat you when you get a haircut, Japan doesn’t defeat you when you buy a Honda.

    That is an example of comparative advantage in action. And Australia, with 0.3 per cent of the global population, benefits enormously from open markets. The tariff liberalisation in Australia saved the typical Australian household around $4,000 a year. And my party, the Labor Party, was in the thick of that with Whitlam, Hawke and Keating spearheading significant tariff cuts. So, of course we’ve been strong advocates of open markets on the global stage.

    The conversation between Prime Minister Albanese and President Trump went well and the Americans are considering our request for an exemption.

    Epstein:

    I just wanted to give you one example. There’s a window maker in Melbourne called Oceania Glass in Dandenong. They’ve got 260 employees. Their problem, they say, is the dumping of cheap windows from Thailand. I did go on the default website.

    We’ve had a free trade agreement with Thailand for 20 years, so we get lots of tariff‑free cars, trucks and air conditioners. So, that’s the good part of free trade with Thailand. The bad part of free trade with Thailand is they can sell really cheap windows.

    And we’re going to lose our only domestic architectural window maker. Is that just a sort of a cost we have to put up with, so we get cheap air conditioners? Is that the trade off?

    Leigh:

    Well, the Australian Government takes anti‑dumping very seriously. Dumping is where an overseas exporter aims to drive down the price, temporarily knock out the local producers and then spike the price back up again. So, ultimately consumers suffer.

    What we’ve seen over the course of, of the last couple of decades, Raf, is Australian manufacturers increasingly moving into higher and higher and more advanced manufacturing, more value added. We don’t produce kids’ pyjamas anymore, but we do well in high‑end fashion.

    Epstein:

    But we’re not going to have anybody making windows for houses at all in the country. Is that a cost? Are we just happy to lose that because we’re moving into more advanced manufacturing?

    Leigh:

    Not at all. The government strongly committed to advanced manufacturing and strongly committed to working with our manufacturing sector. We’re investing in the skills that are available. The Future Made in Australia plan provides resources to encourage a strong Australian manufacturing sector. But the trend throughout the advanced world is for manufacturers to steadily move up and up the value chain.

    That means better jobs for the people working in those sectors, and it means more earnings for the firms in those sectors. So, I think there are great opportunities for Australian manufacturers to increasingly capture that high advanced manufacturing sector.

    Epstein:

    I appreciate your time this morning. Andrew Leigh, thank you.

    Leigh:

    Always a pleasure to chat, Raf.

    Epstein:

    Part of the Anthony Albanese Labor government. Andrew Leigh is the Assistant Minister for Competition, Charities, Treasury and Employment.

    MIL OSI News

  • MIL-OSI China: China reveals names of moon-landing spacesuit, manned lunar rover

    Source: China State Council Information Office 2

    This photo shows the exterior design of China’s moon-landing spacesuit during the third Spacesuit Technology Forum in Southwest China’s Chongqing municipality, Sept 28, 2024. [Photo/Xinhua]
    The China Manned Space Agency (CMSA) on Wednesday unveiled the names of the moon-landing spacesuit and manned lunar rover for the country’s manned lunar exploration missions.
    The moon-landing spacesuit is named Wangyu, meaning gazing into the cosmos, and it echoes the name of the country’s extravehicular spacesuit, Feitian, which means flying into space, according to the CMSA.
    The manned lunar rover is called Tansuo, meaning to explore the unknown. This name reflects the lunar rover’s mission and practical value in aiding the Chinese people to uncover the mysteries of the moon, said the agency.
    Currently, research and development endeavors concerning both Wangyu and Tansuo are progressing smoothly, the CMSA stated. 

    MIL OSI China News

  • MIL-OSI China: US vessels’ passage through Taiwan Strait under surveillance of Chinese military: spokesperson

    Source: China State Council Information Office 2

    The Chinese People’s Liberation Army (PLA) Eastern Command tracked and monitored two U.S. ships that passed through the Taiwan Strait from Monday to Wednesday and maintained vigilance throughout the process.
    The passage of a U.S. destroyer and a marine survey ship was effectively handled by the navy and air force of the PLA Eastern Command, according to Li Xi, a spokesperson for the command on Wednesday.
    Li said the U.S. action has sent wrong signals and heightened security risks.
    “The armed forces of the command will stay on high alert at all times to firmly safeguard national sovereignty and security, and maintain regional peace and stability,” Li said. 

    MIL OSI China News

  • MIL-OSI China: China expands silver tourism train services to cater to growing elderly travel market

    Source: People’s Republic of China – State Council News

    China expands silver tourism train services to cater to growing elderly travel market

    BEIJING, Feb. 12 — As the sun rose over the snow-capped peaks of the Qinling Mountains, a group of silver-haired retirees eagerly boarded a Silk Road-themed tourism train in Xi’an, the capital of northwest China’s Shaanxi Province.

    For the next three days, these seniors embarked on a leisurely journey through the picturesque landscapes of central China, relaxing in hot springs and savoring local delicacies, traveling on one of many specialized tourism trains that are revolutionizing travel for China’s growing elderly population.

    On Tuesday, nine Chinese government agencies and state-owned enterprises, including the Ministry of Commerce (MOC) and the Ministry of Culture and Tourism, unveiled an action plan to expand and improve senior-friendly tourism train services, in the latest bid to create more inclusive and enjoyable travel experiences for the elderly.

    The initiative aims to enrich the tourism market, promote services consumption and cater to the growing demand for elderly-friendly travel options. It plans to create a nationwide network of specialized trains catering to older travelers by 2027, with over 100 designed routes and 2,500 scheduled trips annually, according to a press conference held later on Tuesday.

    The concept of senior-focused rail travel has been gaining momentum across China. According to China Railway Qinghai-Xizang Group Co., Ltd., over 77 percent of passengers on its special tourism trains have been aged 55 or above in recent years.

    A 15-day railway tour to the Xinjiang Uygur Autonomous Region has proved particularly popular, allowing seniors to explore the vast region’s diverse landscapes and cultural heritage in comfort. “Compared to self-drive tours, railway tours cut costs, save time and conserve energy, making them very suitable for elderly travelers,” 61-year-old Wang Zhanqi, who hails from Qinghai Province and took the Xinjiang railway tour last year, told Xinhua.

    He particularly enjoyed photographing the winding streets and traditional architecture in the ancient city of Kashgar, and sampling water from Karez wells, which collect the melted ice and snow from the Tianshan Mountains.

    Shaanxi’s Silk Road train, capable of carrying over 200 passengers per trip, is equipped with senior-friendly features like wide beds, temperature control systems and emergency call buttons. The train also boasts such entertainment facilities as karaoke rooms and mahjong tables, creating a lively and social atmosphere for its passengers.

    These specialized trains provide more than just transportation, offering comprehensive services tailored to the needs of older travelers. Many feature onboard medical staff, health monitoring equipment and specially designed meals. The popular Panda Express service, which departs from Sichuan Province, includes niche cultural activities such as ethnic-style welcome ceremonies and traditional performances, adding a level of cultural immersion to an already distinctive journey.

    “We strive to ensure a safer, more comfortable travel experience for the elderly,” said Yang Tao, general manager of Xi’an Railway International Travel Service Co., Ltd. “Silver-haired tourists generally have strong purchasing power and are inclined to buy handicrafts.”

    The economic potential of this market is substantial. According to a recent blue paper on China’s silver economy, the sector is currently valued at 7 trillion yuan (about 976 billion U.S. dollars), accounting for about 6 percent of the country’s GDP, with tourism being a key growth area.

    Elderly adults in China had amassed wealth totaling 78.4 trillion yuan by 2023, according to the China National Committee on Aging. And the overall silver economy is projected to reach 30 trillion yuan by 2035, which would represent 10 percent of China’s GDP.

    Recognizing the increasing purchasing power and travel aspirations of China’s elderly population, the action plan released on Tuesday outlines a series of measures to develop the sector further, including measures to expand services offerings, develop themed routes, and enhance medical and senior care services on trains.

    Measures will be taken to upgrade the trains so that they are more age-friendly, green and comfortable, which will be supported by China’s large-scale equipment upgrade and consumer goods trade-in programs, and additional measures will be implemented to tailor themed travel routes and products for seniors.

    Highlighting the integration of health care services into senior tourism trains, the action plan notes that medical professionals will be stationed on board, and medical expenses incurred during travel will be eligible for cross-regional medical insurance settlement, simplifying the claims process for elderly passengers.

    The plan also advocates improved coordination between tourism trains and scenic areas, encouraging local tourist destinations to offer tailored services such as reservations, green channels, transportation connections and dedicated reception facilities for senior travelers.

    The action plan aims to create a comprehensive national network of senior-friendly tourism trains by 2027, with established service standards and recognizable brand identities.

    These specialized train services will utilize off-peak travel periods to avoid conflicting with regular passenger services, ensuring that the trains operate efficiently without disrupting the broader transportation system, MOC official Kong Dejun said at the press conference.

    From onboard medical care to senior-friendly meals and entertainment, silver tourism trains are more than a mode of transport: they are redefining what it means to travel in one’s golden years. Analysts note that China’s railways, already arteries of economic development, are poised to enrich the lives of the nation’s growing elderly population.

    MIL OSI China News

  • MIL-OSI China: ‘Wulong Xuhua’ show held to celebrate Lantern Festival in Guizhou

    Source: People’s Republic of China – State Council News

    ‘Wulong Xuhua’ show held to celebrate Lantern Festival in Guizhou

    Updated: February 12, 2025 14:02 Xinhua
    People attend a “Wulong Xuhua” show to celebrate the Lantern Festival in Taijiang County, southwest China’s Guizhou Province, Feb. 11, 2025. The traditional “Wulong Xuhua” show is a genre of dragon dance performed amid fireworks by the Miao ethnic group. “Wulong” means the dragon dance, while “Xuhua” refers to a local specialty firework. Over 100 dragon dance teams gathered here to celebrate the Lantern Festival, the 15th day of the first month of the Chinese lunar calendar, which falls on Feb. 12 this year. [Photo/Xinhua]
    People attend a “Wulong Xuhua” show to celebrate the Lantern Festival in Taijiang County, southwest China’s Guizhou Province, Feb. 11, 2025. [Photo/Xinhua]
    People attend a “Wulong Xuhua” show to celebrate the Lantern Festival in Taijiang County, southwest China’s Guizhou Province, Feb. 11, 2025. [Photo/Xinhua]
    People attend a “Wulong Xuhua” show to celebrate the Lantern Festival in Taijiang County, southwest China’s Guizhou Province, Feb. 11, 2025. [Photo/Xinhua]
    People attend a “Wulong Xuhua” show to celebrate the Lantern Festival in Taijiang County, southwest China’s Guizhou Province, Feb. 11, 2025. [Photo/Xinhua]
    People attend a “Wulong Xuhua” show to celebrate the Lantern Festival in Taijiang County, southwest China’s Guizhou Province, Feb. 11, 2025. [Photo/Xinhua]
    People attend a “Wulong Xuhua” show to celebrate the Lantern Festival in Taijiang County, southwest China’s Guizhou Province, Feb. 11, 2025. [Photo/Xinhua]
    People attend a “Wulong Xuhua” show to celebrate the Lantern Festival in Taijiang County, southwest China’s Guizhou Province, Feb. 11, 2025. [Photo/Xinhua]
    People attend a “Wulong Xuhua” show to celebrate the Lantern Festival in Taijiang County, southwest China’s Guizhou Province, Feb. 11, 2025. [Photo/Xinhua]
    People attend a “Wulong Xuhua” show to celebrate the Lantern Festival in Taijiang County, southwest China’s Guizhou Province, Feb. 11, 2025. [Photo/Xinhua]
    People attend a “Wulong Xuhua” show to celebrate the Lantern Festival in Taijiang County, southwest China’s Guizhou Province, Feb. 11, 2025. [Photo/Xinhua]
    People attend a “Wulong Xuhua” show to celebrate the Lantern Festival in Taijiang County, southwest China’s Guizhou Province, Feb. 11, 2025. [Photo/Xinhua]

    MIL OSI China News