Category: KB

  • MIL-OSI Russia: Marat Khusnullin made his first working trip to the DPR this year

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Deputy Prime Minister of Russia Marat Khusnullin visited the Donetsk People’s Republic on a working visit. In the city of Mariupol, he inspected the renovated Olimp stadium and the building of the School of Arts No. 1, which was restored almost from scratch, opened the Yakorok nursery school for 225 children, and held a meeting on the socio-economic development of the region.

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    Marat Khusnullin’s working visit to the Donetsk People’s Republic. At the Karansky quarry

    “Driving along the streets of Mariupol, I noticed that it has become more well-groomed and clean. The face of the city is emerging in terms of facades, and improvement work is underway. But we cannot yet say that everything has been done, so there is still a lot of work ahead. Its volume and the state program for socio-economic development in general were discussed at the meeting. We separately discussed the program for educational, cultural and sports facilities – how they will continue to be repaired and how they will be equipped until 2030. This topic is now becoming relevant, as more and more schools and kindergartens are switching to in-person mode,” the Deputy Prime Minister said.

    At the end of his working visit, Marat Khusnullin visited an enterprise involved in developing the economy and restoring the infrastructure of the DPR – the Karan Quarry. It has a full technological cycle: from granite mining to processing at crushing and sorting complexes for the production of crushed stone and mixtures. After the Territory Development Fund accepted the enterprise into the free economic zone, investors built a crushing and sorting plant there. It allows for the simultaneous production of six types of products that are used in the repair of roads and railways, as well as for the restoration and construction of housing stock.

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

    MIL OSI Russia News

  • MIL-OSI Russia: Conversation between Mikhail Mishustin and the Chairman of the Cabinet of Ministers of Kyrgyzstan – Head of the Administration of the President of Kyrgyzstan Adylbek Kasymaliev

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Previous news Next news

    Mikhail Mishustin with the Chairman of the Cabinet of Ministers of Kyrgyzstan – Head of the Administration of the President of Kyrgyzstan Adylbek Kasymaliev

    Visit

    From the transcript:

    M. Mishustin: Greetings to you, esteemed Adylbek Aleshovich! This is your first time participating in a meeting of the Eurasian Intergovernmental Council as the head of the Government of Kyrgyzstan. And taking this opportunity, I would like to ask you to convey the best wishes to the President of the Kyrgyz Republic Sadyr Nurgozhoevich Japarov from the President of Russia Vladimir Vladimirovich Putin. We hope that under your leadership the Government of Kyrgyzstan will continue its course to strengthen cooperation with Russia in all areas.

    Our country is the leading economic partner of Kyrgyzstan. Our mutual trade turnover is steadily growing. Our intergovernmental commission is actively working. Russian companies supply energy resources, industrial and agricultural products to Kyrgyzstan. We also provide support to our partners in the field of tax 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.

    MIL OSI Russia News

  • MIL-OSI Europe: Press release – Polish Presidency debriefs EP committees on priorities

    Source: European Parliament

    Poland holds the Presidency of the Council until the end of June 2025. This text will be updated regularly as the hearings take place.

    Environment, Climate and Food Safety

    On 23 January, Paulina Hennig-Kloska, Minister of Climate and Environment, highlighted the need for climate adaptation measures, combating climate disinformation, and to advance key legislative files such as the waste framework directive on textiles and food, the European soil monitoring law, and the “One Substance, One Assessment” chemicals package. The Presidency also plans to secure agreement with Parliament on plastic pellet losses, water pollutants, and detergents rules.

    MEPs asked about the Presidency’s stance on the new emissions trading system ETS II, the 2040 emissions target, renewable energy, and soil monitoring. They also debated the impact of climate regulations on competitiveness, and raised concerns about agricultural pollution and the role of genomic technologies.

    Security and defence

    On 27 January, Secretary of State at the Ministry of National Defence Paweł Zalewski said the Presidency’s first priority is to strengthen EU support for Ukraine by using all the tools at the EU’s disposal, including the European Peace Facility and the profits from frozen Russian assets or loans guaranteed from Moscow. He also highlighted the need to reinforce the EU’s defence industries by ensuring adequate financing as well as deepening EU-U.S. cooperation, including between the EU and NATO.

    MEPs quizzed Mr Zalewski on several issues, including the EU’s role in possible future peace talks between Ukraine and Russia, developing an EU defence pillar, reforming the EU Investment Bank to allow for more investment in the defence sector and establishing viable “European champions” (i.e. large corporations) in the defence sector.

    Women’s rights and gender equality

    On 28 January, Minister for Equality Katarzyna Kotula emphasised enhancing digital security for women and girls, particularly in the context of the rapid development of AI, as a Presidency priority. She pledged to follow up on the Digital Services Act to make sure that AI accelerates rather than undermines gender equality. The Presidency is also determined to advance the work on the Anti-discrimination Directive.

    MEPS welcomed her commitment on strengthening the digital protection of women and girls, particularly concerning deepfakes, revenge porn and hate speech. They also raised women’s sexual and reproductive health and rights, the protection of LGBTQI+ communities, the challenges faced by ageing women and the prospect for an EU-wide definition of rape including the notion of consent.

    Internal market and consumer protection

    On 28 January, Economic Development and Technology Minister Krzysztof Paszyk focused on the need to eliminate the remaining barriers in the single market, as well as highlighting issues around security, competitiveness, and reducing red tape. The Presidency will look for a compromise on the e-declaration of posted workers file, on late payments, and on the travel package proposals. They will also, he said, try to reach political agreements on toy safety, the Green Claims Directive and on the alternative dispute resolution file.

    On digital policy, Secretary of State, Ministry of Digitalisation Dariusz Standerski outlined plans for an informal meeting on cybersecurity to focus on defence, the application of the Artificial Intelligence Act, and new initiatives on AI factories and the “AI Apply Strategy”. On customs, Undersecretary of State, Ministry of Finance Małgorzata Krok stated the Presidency’s intention was to reach a common position in the Council on the reform of the Union Customs Code.

    MEPs asked about reducing reporting obligations, e-declarations of posted workers, the implementation of digital services act and the AI Act, including in the context of EU-US relations. Several members wanted to hear more about cutting red tape, unblocking progress on late payments, and the need for an AI liability act. Questions also focused on issues around unfair trading practices, single market on defence and climate disinformation.

    Fisheries

    On 28 January, Jacek Czerniak, Secretary of State at the Ministry of Agriculture and Rural Development, which includes fisheries, identified improving EU fisheries competitiveness and defending EU interests in regional fisheries organisations and international agreements as Presidency priorities. Poland will also launch discussions on the review of the Common Fisheries Policy (CFP) and start negotiations to introduce measures against non-EU countries that allow unsustainable fishing practices.

    MEPs questioned Mr Czerniak on addressing the critical state of fish stocks in the Baltic Sea, in addition to issues of security and reducing the complexity of regulations. Others supported a reform of the CFP to better balance the interests of the fishery sector with the EU’s environmental goals. MEPs also argued that trade policies should be aligned with fisheries policies.

    Employment and social affairs

    On 28 January, Minister of Family, Labour and Social Policy Agnieszka Dziemianowicz-Bąk and Minister of Senior Policy Marzena Okła-Drewnowicz said the Presidency would focus on the future of employment in the digital transformation, a Europe of equality, cohesion and inclusion, and the challenges prompted by the EU’s aging population.

    MEPs quizzed the ministers on their plans for the regulation on the coordination of social security systems, emphasising the importance of finalising negotiations on the file. They also raised the impact of AI in the workplace, and the importance of addressing demographic issues in the EU. MEPs also raised the importance of social dialogue, upcoming negotiations on European Work Councils, and the expected Commission initiative on the “Right to Disconnect”.

    Transport and tourism

    On 29 January, Dariusz Klimczak, Minister of Infrastructure, said the Presidency will focus on resilience and competitiveness in the transport sector, the protection of transport operators, dual use infrastructure, and military mobility. He committed to reaching a deal with Parliament on new railway infrastructure, road and maritime safety rules as well advancing negotiations on air passenger rights rules that have been stalled in the Council since 2013. Piotr Borys, Secretary of State at the Ministry of Sport and Tourism added that the Presidency will focus on making Europe a safe and more popular destination for tourism despite Russia’s war in Ukraine and the challenges posed by climate change.

    MEPs asked the Presidency to secure adequate financing for transport policies within the next EU long-term budget, and want them to secure a Council position on the maximum weights and dimensions directive, and address labour shortages and working conditions in all transport modes. Completing Trans-European transport networks, developing high speed rail, and ensuring connectivity for Europe’s islands were also raised.

    Constitutional affairs

    On 29 January, Minister for European Affairs Adam Szłapka said the Presidency wants to promote institutional reforms, stressing at the same time that EU Treaties could prove difficult to revise. The Presidency wants to complete work on the new rules on European political parties and foundations and the electoral rights of mobile citizens. They will work on the transparency of interest representation and on the EU’s accession to the European Convention on Human Rights.

    Most MEPs asked questions about the need to reform the EU’s institutional architecture, especially in light of imminent enlargement, with many of them highlighting the need to overcome what they saw as the obstacle of unanimity in key policy areas either through Treaty revision or using existing rules. Some called for progress on Parliament’s right of initiative, its right of inquiry, and rules on European elections.

    Agriculture and Rural Development

    On 29 January, Czesław Siekierski, Minister of Agriculture and Rural Development said that the Council will discuss the future shape of the Common Agricultural Policy (CAP) beyond 2027. The Presidency wants to simplify the green architecture of the CAP and assess the impact of current EU trade agreements on agriculture.

    Questions from MEPs focused on ensuring fair income for farmers and adapting the CAP to the future enlargement of the EU. A number of MEPs also asked about the position of the Presidency on the EU-Mercosur Partnership Agreement and stressed the need to invest in European food sovereignty.

    International trade

    On 29 January, Krzysztof Paszyk, Minister of Economic Development and Technology, said the Presidency will continue working on ambitious, sustainable and mutually profitable trade agreements. He hopes to finalise the legislation on the screening of foreign direct investment and resume talks on the Generalised System of Preferences (GSP) scheme, the EU’s preferential trade arrangement with developing countries. On Ukraine, Mr Paszyk said support for Ukraine remains steadfast, while the Presidency prefers not to extend the current temporary trade liberalisation measures with the country, but rather reach a new agreement.

    MEPs asked about possible timelines for the adoption of trade deals with Mercosur and Mexico, possible shift in US trade policy as well as on trade with Ukraine and safeguards for the agricultural market. Some MEPs argued that GSP should not be a migration tool, others demanded a clear link between migration and the scheme.

    Industry, Research and Energy

    On 29 January, Minister of Economics, Development and Technology, Krzysztof Paszyk said the Presidency’s priorities include boosting Europe’s industrial competitiveness with a new instrument and advancing the Clean Industry Act to support businesses, address high energy prices, and cut red tape and tax burdens for SMEs. They also plan to maximize the use of spaceimaging and AI algorithms for crisis management, and improve cooperation during natural disasters.

    During the debate, MEPs stressed the need to support innovative businesses through a unified capital market, and to combine environmental policies with industrial policies to achieve the ecological transition. Others focused on the importance of transatlantic relations and the need to secure European tech sovereignty.

    Dariusz Stenderski, Secretary of State in the Ministry of Digital Affairs, said that his key focus areas would be cyber security, with a revised blueprint for coordinated EU response to cyber attacks and an informal Council on its civilian and military aspects.He also referred to the boosting of AI development through shared investment and simplified rules to support startups.

    On 30 January Marcin Kulasek, Minister of Science and Higher Education, outlined three main focus areas: openness and inclusivity, synergies between EU and national programs, and AI and science.He stressed the need to develop EU cooperation networks without losing top talents, and the value of synergies between EU and national research programs.

    MEPs called for the full implementation of the 5G toolbox and for the simplification of administrative procedures to foster innovation. Others highlighted the need to improve EU cooperation in research and innovation, retain top talent, and ensure an inclusive access to funds. The discussions also covered the need for ethical standards in AI, a strong support for scientists, as well as academic freedom and the free flow of scientific knowledge.

    Culture, Education, Youth and Sport

    On 30 January, Education Minister Barbara Nowacka said the Presidency wants to include young people – as part of a new cycle of the EU Youth Dialogue – in EU-level debates and projects to strengthen EU values of democracy, freedom and rule of law, thereby making them more resilient against the risk of disinformation and manipulation. Providing better support to teachers is also a priority, she said, and EU education ministers will gather in May to discuss what they can do to improve this.

    The Presidency wants to advance work on the “European degree” – a degree awarded jointly by several universities in different EU countries – by adopting a roadmap to implement it. A European quality assurance system to guarantee trust among universities and improve the recognition of higher education diplomas will also be discussed, Minister of Science and High Education Marcin Kulasek said.

    Culture Minister Hanna Wróblewska said the Presidency will present proposals to support young artists and creators, and will launch discussions on the future of the Creative Europe programme beyond 2027. Audiovisual and intellectual property rights, security and AI, and a possible revision of the Audiovisual Media Services Directive are also among the Presidency’s priorities, she said.

    Piotr Borys, Secretary of State of Sport, will focus on pushing EU countries to better promote sport in schools, address mental health, and adopt a common methodology to gather statistics on sport.

    MEPs questioned the ministers on countering Russian disinformation under the European Media Freedom Act, as well as on delays in the creation of the European degree, pleading for EU-wide recognition of diplomas, including Erasmus+ and vocational education training. MEPs also raised concerns about possible reductions in Erasmus+ funding, which ensures the financial sustainability of the European Education Area, which in turn is essential for the “Union of Skills”.

    MIL OSI Europe News

  • MIL-OSI Europe: Federal Councillor Ignazio Cassis to visit Paraguay, Bolivia and Brazil

    Source: Switzerland – Federal Administration in English

    Federal Councillor Ignazio Cassis will visit Paraguay, Bolivia and Brazil from 3 to 7 February 2025. As part of its Americas Strategy 2022–25, Switzerland aims to strengthen its political relations with the countries of the Americas in the areas of foreign policy, the economy, innovation and culture. The agenda for the trip includes the finalisation of the EFTA-Mercosur free trade agreement, Switzerland’s economic interests, and bilateral relations between Switzerland and these three Latin American countries.

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Citizens at risk of poverty or social exclusion – E-000087/2025

    Source: European Parliament

    Question for written answer  E-000087/2025/rev.1
    to the Commission
    Rule 144
    Nikolaos Anadiotis (NI)

    According to recent data from Eurostat[1], in 2023, 26 % of the Greek population was at risk of poverty or social exclusion, with similar trends observed in other Member States. Those figures raise serious question marks over the effectiveness, in the past decade, of European social inclusion and economic support policies. The EU’s policies and strategy[2] are falling far short of their targets of reducing the number of those at risk of poverty or social exclusion.

    In view of this:

    • 1.Is the Commission satisfied with the policies and strategy implemented to tackle poverty and social exclusion?
    • 2.Given that the previous strategies (see Europe 2020’[3]) did not achieve their targets either, what measures does it intend to take to strengthen the connection between citizens and the EU and to promote social justice?

    Submitted: 10.1.2025

    • [1] https://ec.europa.eu/eurostat/web/products-eurostat-news/w/ddn-20240612-1
    • [2] https://www.europarl.europa.eu/ftu/pdf/en/FTU_2.3.9.pdf
    • [3] https://eur-lex.europa.eu/EN/legal-content/summary/europe-2020-the-european-union-strategy-for-growth-and-employment.html
    Last updated: 31 January 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Safeguarding the automotive industry in Europe – E-002243/2024(ASW)

    Source: European Parliament

    The Commission wants to ensure that the EU remains a global leader in the automotive industry, preserving jobs and manufacturing capacity in Europe.

    The Commission will develop an industrial action plan for the automotive industry, covering the entire value chain, from securing critical supply chains to ensuring affordability, from infrastructure for refuelling and recharging, to fully exploiting automation and data, while supporting the industry on its path towards decarbonisation.

    Public support has been substantial in creating a nascent battery industry in Europe. In particular, the Commission approved two Important Projects of Common European Interest (IPCEIs) for batteries[1], providing EUR 6 billion in funding; EUR 180 million have been allocated to the battery sector through the Innovation Fund[2], with an additional EUR 3 billion announced for the next three years; and the co-programmed battery European partnership under Horizon Europe[3], Batt4EU[4], is investing up to EUR 925 million in battery research and innovation activities.

    The Commission remains committed to continuing this support to further strengthen the sector and ensure its future ability to compete with global players.

    Regarding autonomous vehicles, the EU industry is at a good stage of technology development and the EU established a regulatory framework for the sale of autonomous vehicles[5], but such vehicles cannot easily access roads across Europe.

    The Commission will continue to support funding for research and development, update the EU regulatory framework for autonomous vehicles and support Member States towards the update of their national road transport frameworks, to ensure the legality of automated driving and the possibility to deploy them at scale.

    • [1] IPCEI on Batteries and IPCEI European Battery Innovation (EuBatIn): https://www.ipcei-batteries.eu/
    • [2] https://climate.ec.europa.eu/eu-action/eu-funding-climate-action/innovation-fund_en
    • [3] https://research-and-innovation.ec.europa.eu/funding/funding-opportunities/funding-programmes-and-open-calls/horizon-europe_en; https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32021R0695
    • [4] https://bepassociation.eu/
    • [5] https://eur-lex.europa.eu/eli/reg_impl/2022/1426/oj

    MIL OSI Europe News

  • MIL-OSI Europe: Jakob Forssmed appointed Vice-Chair of the Global Leaders Group on Antimicrobial Resistance

    Source: Government of Sweden

    Jakob Forssmed appointed Vice-Chair of the Global Leaders Group on Antimicrobial Resistance – Government.se

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    Minister for Social Affairs and Public Health Jakob Forssmed has been appointed Vice-Chair of the Global Leaders Group (GLG) on Antimicrobial Resistance, a UN body made up of politicians and experts.

    Jakob Forssmed has been a GLG member since February 2023. Foto: Fotograf Kristian Pohl AB/Government offices of Sweden

    “I am delighted to have the opportunity to continue working with the GLG, now in the role of Vice-Chair. Global leadership on this issue is needed more than ever – it is now time to begin the work to achieve the goals that world leaders agreed on at last autumn’s high-level meeting on antimicrobial resistance, but also to push ahead with other issues where agreement was not possible,” says Minister of Social Affairs Jakob Forssmed. 

    The GLG includes world leaders and experts from across sectors working together to accelerate political action on antimicrobial resistance. The GLG was established in 2020 under the United Nations and meets quarterly. The Group is also supported by four UN organisations: the Food and Agriculture Organisation of the United Nations, the United Nations Environment Programme, the World Health Organization and the World Organisation for Animal Health.

    Jakob Forssmed has been a GLG member since February 2023.

    Antimicrobial resistance

    In brief, antimicrobial resistance (AMR) means that infectious agents (bacteria, viruses, parasites and fungi) develop resistance to treatment. In particular, bacteria that are resistant to antibiotics are a growing threat to health and food production worldwide. Just like other bacteria, resistant bacteria can be transmitted between people, animals and food, and can spread in our environment. This means that a number of areas, including human and animal health, the environment, research, education, trade and international development cooperation need to be involved to combat AMR using a cross-sectoral, One Health approach. Resistance to antimicrobials in general, including antibiotics, is a global problem.

    Minister for Social Affairs and Public Health Jakob Forssmed is the government minister with responsibility for AMR issues.

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Nuclear energy in the European Union – E-000320/2025

    Source: European Parliament

    Question for written answer  E-000320/2025
    to the Commission
    Rule 144
    Dolors Montserrat (PPE), Antonio López-Istúriz White (PPE), Raúl de la Hoz Quintano (PPE), Rosa Estaràs Ferragut (PPE), Juan Ignacio Zoido Álvarez (PPE), Carmen Crespo Díaz (PPE), Maravillas Abadía Jover (PPE), Borja Giménez Larraz (PPE), Adrián Vázquez Lázara (PPE), Susana Solís Pérez (PPE), Pilar del Castillo Vera (PPE), Nicolás Pascual de la Parte (PPE), Esteban González Pons (PPE), Gabriel Mato (PPE), Francisco José Millán Mon (PPE), Isabel Benjumea Benjumea (PPE), Elena Nevado del Campo (PPE), Pablo Arias Echeverría (PPE), Alma Ezcurra Almansa (PPE), Fernando Navarrete Rojas (PPE), Esther Herranz García (PPE), Javier Zarzalejos (PPE)

    There are currently five nuclear power plants in Spain that generate around 20 % of the country’s electricity. Despite the significant contribution of these power plants to the national energy mix, the Spanish Government has adopted measures to gradually decommission all nuclear power plants by 2035. This goal was established in Spain’s national and energy climate plan (NECP) with the aim of halving nuclear generation capacity by 2030.

    In contrast, the European Union has made significant steps in supporting nuclear energy. In February 2022, the Commission included nuclear energy in the green taxonomy and, in February 2024, it described nuclear energy as ‘strategic’. In addition, a recent assessment of the NECPs showed that nine countries will extend the operating life of power plants, eleven will develop new nuclear projects and ten are opting for small modular reactors.

    In light of the above:

    • 1.Does the Commission view nuclear energy as contributing positively to the objectives of decarbonisation and ensuring energy security?
    • 2.Has the Commission recommended that any specific Member State decommission its nuclear power plants?
    • 3.How many Member States have notified the Commission of their intention to decommission their nuclear power plants from 2025?

    Submitted: 24.1.2025

    MIL OSI Europe News

  • MIL-OSI Europe: Audience with the Tribunal of the Roman Rota on the occasion of the inauguration of the Judicial Year

    Source: The Holy See

    Audience with the Tribunal of the Roman Rota on the occasion of the inauguration of the Judicial Year, 31.01.2025
    This morning, in the Vatican Apostolic Palace, the Holy Father Francis received in audience the prelate auditors, officials, lawyers and collaborators of the Tribunal of the Roman Rota, on the occasion of the solemn inauguration of the Judicial Year.
    After the greeting from the Tribunal of the Roman Rota, Archbishop Alejandro Arellano Cedillo, the Pope delivered the following address:

    Address of the Holy Father
    Dear Prelate Auditors,
    The inauguration of the Judicial Year of the Tribunal of the Roman Rota offers me the opportunity to reiterate my appreciate and my gratitude for your work. I warmly greet the Monsignor Dean and all those who provide your service in this Tribunal.
    This year will be the tenth anniversary of the two Motu Proprio, Mitis Iudex Dominus Iesus and Mitis et Misericors Iesus, with which I reformed the process for the declaration of nullity of marriage. It seems timely to take this traditional opportunity to meet with you to recall the spirit that permeated this reform, which you applied with competence and diligence, and for the benefit of all the faithful.
    The need to modify the norms regarding the procedure for annulment was made manifest by the synod Fathers gathered in the extraordinary Assembly of 2014, formulating the request to make trials more accessible and streamlined (cf. Relatio Synodi 2014, 48). The synod Fathers expressed in this way the urgency to complete the pastoral conversion of structures, already called for in the Apostolic Exhortation Evangelii gaudium (cf. no. 27).
    It was all the more opportune that such conversion should also touch the administration of justice, so that it would respond in the best way possible to those who turn to the Church to shed light on their marital situation (cf. Address to the Tribunal of the Roman Rota, 23 January 2015).
    I wanted the bishop, the diocesan bishop, to be at the centre of the reform. Indeed, he is responsible for administering justice in the diocese, both as a guarantor of the closeness of tribunals and supervision of them, and as judge who must decide personaliter in cases in which nullity appears manifest, or rather via the processus brevior as an expression of care for the salus animarum.
    Therefore, I urged the inclusion of the activity of the tribunals in diocesan pastoral care, instructing the bishops to ensure that the faithful are aware of the existence of the procedure as a possible remedy to the situation of need in which they find themselves. It is sometimes saddening to learn that the faithful are unaware of the existence of this avenue. Furthermore, it is important “that processes remain free of charge, [so] that the Church manifest … the gratuitous love of Christ by which we have all been saved” (Mitis et Misericors Iesus, Proemio, VI).
    In particular, the solicitude of the bishop is implemented in guaranteeing by law the constitution in his diocese of the tribunal, equipped with well-trained persons – clerics and laity – suited to this function; and ensuring that they carry out their work with justice and diligence. The investment in the training of such workers – scientific, human and spiritual training – is always to the benefit of the faithful, who are entitled to careful consideration of their petitions, even when they receive a negative response.
    The reform was guided – and its application must be guided – by the concern for the salvation of souls (cf. Mitis Iudex, Proemio). We are called upon by the pain and hope of so many faithful who seek clarity regarding the possibility of full participation in the sacramental life. For many who have
    “experienced an unhappy marriage, verification of the presence or lack of validity of the bond represents an important possibility; and these people must be helped along this road in the swiftest manner” (Address to participants in the course promoted by the Roman Rota, 12 March 2016).
    The norms that establish the procedures must guarantee some fundamental rights and principles, primarily the right of defence and the presumption of validity of the marriage. The purpose of the process is not “to complicate the life of the faithful uselessly, nor far less to exacerbate their litigation, but rather to render a service to the truth” (Benedict XVI, Address to the Rota Romana, 28 January 2006).
    I am reminded of what Saint Paul VI said, after completing the reform carried out by the Motu Proprio Causas matrimoniales. He observed that “in the simplifications […] introduced in the treatment of matrimonial cases, the intention is to make this exercise easier, and therefore more pastoral, without prejudice to the criteria of truth and justice, to which a trial must honestly adhere, in the confidence that the responsibility and wisdom of the Pastors are religiously and more directly committed” (Address to the Roman Rota, 30 January 1975).
    Likewise, the recent reform was intended to favour “not the nullity of marriages, but the speed of processes – the speed – as well as the simplicity due them, lest the clouds of doubt overshadow the hearts of the faithful” (Mitis Iudex, Proemio). Indeed, to avoid that, as a result of overly complex procedures, the saying “summum ius summa iniuria” (Cicerone, De Officiis, I, 10, 33) become a reality, I abolished the need for a dual conforming judgment and encouraged more rapid decision-making in trials in which nullity is manifest, aiming at the good of the faithful and wishing to bring peace to their consciences. It is evident – but I would like to reiterate it here – that the reform strongly challenges your prudence in applying the norms. And this “requires two great virtues: prudence and justice, which must be informed by charity. There is an intimate connection between prudence and justice, because the exercise of the prudentia iuris is aimed at the knowledge of what is just in the specific case” (Address to the Roman Rota, 25 January 2024).
    Every protagonist of the process approaches the conjugal and family reality with veneration, because the family is a living reflection of the communion of love that is God the Trinity (cf. Amoris laetitia, 11). Moreover, spouses united in marriage have received the gift of indissolubility, which is not a goal to be achieved by their own efforts, nor even a limitation to their freedom, but a promise from God, whose faithfulness makes that of human beings possible. Your work of discernment on the existence or otherwise of a valid marriage is a service, it is a service to the salus animarum, inasmuch as it allows the faithful to know or accept the truth of their own personal situation. Indeed, “every just judgment of the validity or nullity of marriage is a contribution to the culture of indissolubility both in the Church and in the world” (Saint John Paul II, Address to the Roman Rota, 29 January 2002).
    Dear sisters, dear brothers, the Church entrusts a task of great responsibility to you, but first of all of great beauty: to help purify and restore interpersonal relationships. The Jubilee context in which we find ourselves fills your work with hope, the hope that does not disappoint (cf. Rom 5:5).
    I invoke upon all of you, peregrinantes in spem, the grace of joyful conversion and the light to accompany the faithful towards Christ, who is the meek and merciful Judge. I bless you from my heart, and I ask you, please, to pray for me. Thank you!

    MIL OSI Europe News

  • MIL-OSI: Bitfarms Engages Strategic Partners to Develop HPC/AI Business

    Source: GlobeNewswire (MIL-OSI)

    -Engages expert consultants ASG & World Wide Technology-

    TORONTO, Jan. 31, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin and vertically integrated data center company, today announced it has engaged two expert consultants in HPC strategy and artificial intelligence (“AI”), Appleby Strategy Group (“ASG”) and World Wide Technology (“WWT”), to conduct a comprehensive feasibility analysis on all its North American sites and advise on its global HPC/AI strategy. In parallel, ASG and WWT will help build accelerated sales and development strategies and market the sites on behalf of Bitfarms to potential customers.

    Bitfarms CEO Ben Gagnon stated, “Bitfarms is committed to maximizing the utility and value of our 1.2 GW North American portfolio. ASG and WWT will draw upon their substantial expertise to evaluate our sites for HPC/AI. Based on active discussions over the past several months with potential HPC/AI partners and customers, we are confident that our North American portfolio pipeline, particularly sites located on the PJM grid, is strongly suited for HPC/AI. The contracts associated with HPC/AI customers provide long-term, steady cash flows and earnings streams while our Bitcoin mining operations will continue to monetize Bitcoin’s flexible upside potential, creating a powerful and resilient portfolio that will generate long-term value for our shareholders.”

    About Bitfarms Ltd.

    Founded in 2017, Bitfarms is a global Bitcoin and vertically integrated data center company that contributes its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated mining facilities with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers best-in-class operational performance and uptime.

    Bitfarms currently has 12 operating Bitcoin data centers and two under development, as well as hosting agreements with two data centers, in four countries: Canada, the United States, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    https://twitter.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    Glossary of Terms

    • Y/Y or M/M= year over year or month over month
    • EH or EH/s = Exahash or exahash per second
    • MW or MWh = Megawatts or megawatt hour
    • HPC/AI = High Performance Computing / Artificial Intelligence

    Forward-Looking Statements

    This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding projected growth, target hashrate, opportunities relating to the potential of the Company’s data centers for HPC/AI opportunities, the merits and ability to secure long-term contracts associated with HPC/AI customers and other statements regarding future growth, plans and objectives of the Company are forward-looking information. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.

    This forward-looking information is based on assumptions and estimates of management of the Company at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to: an inability to apply the Company’s data centers to HPC/AI opportunities on a profitable basis; a failure to secure long-term contracts associated with HPC/AI customers on terms which are economic or at all; the construction and operation of the Company’s facilities may not occur as currently planned, or at all; there is no guarantee that the Company will be able to complete the acquisition of Stronghold Digital Mining, Inc. on the terms as announced, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of hydroelectricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company’s electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company’s profitability; the ability to complete current and future financings; the risk that a material weakness in internal control over financial reporting could result in a misstatement of the Company’s financial position that may lead to a material misstatement of the annual or interim consolidated financial statements if not prevented or detected on a timely basis; any regulations or laws that will prevent Bitfarms from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; and the adoption or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission at www.sec.gov), including the restated MD&A for the year-ended December 31, 2023, filed on December 9, 2024. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by the Company. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law . Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

    Investor Relations Contacts:

    Tracy Krumme
    SVP, Head of IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Media Contacts:

    Caroline Brady Baker
    Director, Communications
    cbaker@bitfarms.com

    The MIL Network

  • MIL-OSI: Prospect Capital Corporation Makes $65 Million Investment in Taos Footwear

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) — Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) has provided a first lien senior secured term loan, a first lien senior secured convertible term loan, and a preferred equity investment to Taos Footwear Holdings, LLC (“Taos Footwear” or “Company”), aggregating $65 million, in collaboration with Taos Footwear’s founder and leadership team.

    Taos Footwear is a leading, innovative footwear brand providing customers with stylish and supportive footwear products. The Company is renowned for its supportive footbed that has reshaped the lifestyle footwear industry over the past 20 years. 

    “During the last 20 years, the Taos Footwear team has developed differentiated products meeting the needs of our loyal customers, resulting in significant growth for our company,” said Taos Footwear Founder and CEO, Glen Barad. “As the business has scaled, we saw a need for a value-added collaborator that could offer both capital and strategic expertise to elevate our brand.  Prospect is the ideal fit to help us achieve our vision and drive continued success.”

    “Prospect is excited about our investment in Taos Footwear and is pleased to complete this important transaction alongside the Taos Footwear team,” said Robert Melman, Managing Director at Prospect.  “Taos Footwear is a leading brand providing an array of innovative and supportive footwear products to its vast customer base.  We look forward to supporting the Company’s continued growth.”

    About Prospect Capital Corporation

    Prospect is a business development company lending to and investing in private businesses. Prospect’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

    Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. We have elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.

    Caution Concerning Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.

    For further information, contact:

    Grier Eliasek, President and Chief Operating Officer

    grier@prospectcap.com

    Telephone (212) 448-0702

    The MIL Network

  • MIL-OSI United Kingdom: Scottish-made fire engines chosen to modernise Iraq fleet

    Source: United Kingdom – Executive Government & Departments

    Ayrshire company gets massive boost with contract to manufacture 31 of 62 UK-produced vehicles purchased by Iraq’s Ministry of Interior

    A Scottish business is delivering one of Iraq’s biggest-ever investments into its emergency services following a deal brokered by the UK government.

    Issued by UK Export Finance (UKEF), the government’s export credit agency, a c. $31 million loan allows Iraq’s Ministry of Interior to purchase 62 British-made fire-fighting vehicles. Ayrshire-headquartered Emergency One has been selected to supply 31 of the vehicles, half the order for Iraq’s Civil Defence Directorate, and Yorkshire based Angloco is supplying the other half.

    The deal will facilitate the biggest overhaul of Iraqi fleet this century with each new vehicle, capable of carrying up to 6,500 litres of water and 500 litres of foam, on standby to help tackle frequent fires that break out in Iraq, especially in the summer, devastating businesses and communities.

    Cumnock-based Emergency One, the UK’s leading manufacturer of fire and rescue vehicles, supplies over 90% of the UK’s fire and rescue services and continues to grow its international presence. It brings significant expertise and innovation to this important contract, further strengthening its impact in the Gulf region.

    In 2023-24, UKEF supported businesses in Scotland with £45 million in new government financing support, helping them win new contracts overseas. It has two regional representatives dedicated to supporting Scottish businesses.

    Scotland Office Minister Kirsty McNeill said:

    This UK Government funding is bringing significant business to Ayrshire-based Emergency One, a leading supplier of fire and rescue vehicles. Deals like this, organised through the hard work of UKEF, are vital to boost our home-grown industries, support jobs and encourage growth for the benefit of the whole UK.

    I wish the company every success as they complete this contract that will make very important improvements to Iraq’s emergency services.

    By helping buyers to purchase UK exports more easily, UKEF loans secure large contracts with favourable payment terms for British businesses – including small businesses likely to need payment upfront before they can deliver a contract. Promoting investment into local businesses and employers, this partnership supports this government’s Plan for Change to boost economic growth across all regions.

    Steven Bell, Managing Director at Emergency One, said:

    We’re incredibly proud to be part of this significant project to modernise Iraq’s fire-fighting capabilities. The partnership with Iraq’s Ministry of Interior, supported by UK Export Finance, highlights the strength of British engineering and our commitment to delivering world-class fire and rescue vehicles.

    It’s an honour to contribute to the safety and resilience of communities across Iraq, and we look forward to continuing our support as part of this important collaboration.

    J.P. Morgan acted as both Sole Mandated Lead Arranger and agent bank for the loan.

    John Meakin, Global Head of Export Finance at J.P. Morgan, said:

    J.P. Morgan is delighted to support the finance of firefighting equipment from the UK to the Republic of Iraq.

    Background:

    • UK Export Finance (UKEF) is a UK government ministerial department and the nation’s export credit agency (ECA). UKEF helps exporters access working capital and manage the risk of not getting paid by offering a government guarantee. It supports companies of all sizes and multiple sectors across the UK.

    • UKEF works alongside other sources of public financing and business support in Scotland, including DBT Scotland, Scottish Enterprise, UK Infrastructure Bank, British Business Bank and Scottish National Investment Bank.

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom

  • MIL-OSI Security: Man jailed for importing large quantities of cannabis

    Source: United Kingdom London Metropolitan Police

    A man has been jailed for importing and supplying large quantities of cannabis following a court hearing.

    Rhys Herbert, 24 (29.06.00) of Lonsdale Road, Notting Hill had previously pleaded guilty to being concerned in the supply of a controlled Class B drug (cannabis) and the fraudulent evasion of a prohibition in relation to Class B drugs (cannabis).

    A Newton Hearing held at Lincoln Crown Court on Monday 23 and Tuesday 24 December 2024. On 31 January a Judge determined that Herbert played a significant role in the movement and supply of cannabis with estimated quantities of at least 45kg involved.

    He was sentenced to three years and 11 months imprisonment.

    An investigation into Herbert was launched after he was stopped for a driving offence in Westminster in November 2023. During the stop it was established a malicious communication offence may have been committed after Herbert posted personal information about one of the officers on social media. Herbert’s phone was seized and subsequently found to contain information that implicated his role in large scale drugs importation and supply.

    He was arrested for these offences at an address in Lincoln on 21 February 2024 and due to the weight of evidence officers had gathered against him, pleaded guilty when he appeared in court.

    Detective Constable Jacob Saville, who led the investigation, said: “Rhys Herbert has already admitted to his role in the importation and supply of large quantities of cannabis; now a Judge has reviewed all of the evidence and determined he played a significant role in this operation.

    “As soon as we became aware of the various messages and information held on Herbert’s phone, detectives began to compile a wealth of evidence that proved his involvement was irrefutable.

    “Drugs and the associated criminality they bring devastates communities and we will continue to identify and arrest those responsible who engage in this activity.”

    MIL Security OSI

  • MIL-OSI Economics: RBI imposes monetary penalty on Aptus Finance India Private Limited, Chennai

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated January 20, 2025, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Aptus Finance India Private Limited (the company) for non-compliance with certain provisions of the ‘Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016’ issued by RBI, relating to ‘Governance Issues’. This penalty has been imposed in exercise of powers conferred on RBI under clause (b) of sub-section (1) of Section 58G read with clause (aa) of sub-section (5) of Section 58B of the Reserve Bank of India Act, 1934.

    The correspondence pertaining to the intimation of appointment of a director revealed, inter alia, non-compliance with RBI directions. Based on the same, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions. After considering the company’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the company was sustained, warranting imposition of monetary penalty:

    The company failed to take prior written permission of the RBI for effecting change in management, resulting in change of more than 30 per cent of its directors, excluding independent directors.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the company.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2057

    MIL OSI Economics

  • MIL-OSI Economics: Monthly Data on India’s International Trade in Services for the Month of December 2024

    Source: Reserve Bank of India

    The value of exports and imports of services during December 2024 is given in the following table.

    International Trade in Services
    (US$ million)
    Month Receipts (Exports) Payments (Imports)
    October – 2024 34,309
    (22.3)
    17,215
    (27.9)
    November – 2024 32,014
    (13.9)
    17,229
    (26.0)
    December – 2024 36,857
    (16.5)
    17,781
    (13.8)
    Notes: (i) Figures in parentheses are growth rates over the corresponding month of the previous year which have been revised on the basis of balance of payments statistics.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2058

    MIL OSI Economics

  • MIL-OSI Economics: Data on India’s Invisibles for Second Quarter (July-September) 2024-25

    Source: Reserve Bank of India

    The Reserve Bank today released data on India’s invisibles as per the IMF’s Balance of Payments and International Investment Position Manual (BPM6) format for July-September of 2024-25.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2059

    MIL OSI Economics

  • MIL-OSI: Brookfield Business Partners Reports 2024 Year End Results

    Source: GlobeNewswire (MIL-OSI)

    BROOKFIELD, News, Jan. 31, 2025 (GLOBE NEWSWIRE) — Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC) announced today financial results for the year ended December 31, 2024.

    “Our business had another successful year in 2024. We generated over $2 billion from our capital recycling initiatives, acquired two market-leading operations and achieved solid financial results,” said Anuj Ranjan, CEO of Brookfield Business Partners. “The enhanced strength of our balance sheet and substantial liquidity provides us optionality to meaningfully advance our capital allocation priorities with a focus on increasing the intrinsic value of our business for our unitholders.”

           
      Three Months Ended
    December 31,
      Year Ended
    December 31,
    US$ millions (except per unit amounts), unaudited   2024       2023       2024       2023  
    Net income (loss) attributable to Unitholders1 $ (438 )   $ 1,423     $ (109 )   $ 1,405  
    Net income (loss) per limited partnership unit2 $ (2.02 )   $ 6.57     $ (0.50 )   $ 6.49  
               
    Adjusted EBITDA3 $ 653     $ 608     $ 2,565     $ 2,491  
                                   

    Net loss attributable to Unitholders for the year ended December 31, 2024 was $109 million (loss of $0.50 per limited partnership unit) compared to net income of $1,405 million ($6.49 per limited partnership unit) in the prior year. Net loss attributable to Unitholders includes a one-time non-cash expense at our healthcare services operation, combined with provisions at our construction operation. Prior year included net gains primarily related to the sale of our nuclear technology services operation.

    Adjusted EBITDA for the year ended December 31, 2024 was $2,565 million compared to $2,491 million for the year ended December 31, 2023, reflecting improved performance of operations and tax benefits recorded at our advanced energy storage operation. Prior year results included $308 million of contribution from operations which have been sold.

    Operational Update

    The following table presents Adjusted EBITDA by segment:

      Three Months Ended
    December 31,
      Year Ended
    December 31,
    US$ millions, unaudited   2024       2023       2024       2023  
    Industrials $ 306     $ 222     $ 1,247     $ 855  
    Business Services   217       227       832       900  
    Infrastructure Services   160       184       606       853  
    Corporate and Other   (30 )     (25 )     (120 )     (117 )
    Adjusted EBITDA $ 653     $ 608     $ 2,565     $ 2,491  

    Our Industrials segment generated Adjusted EBITDA of $1,247 million in 2024, compared to $855 million in 2023. Current year results included $371 million of tax benefits at our advanced energy storage operation. Strong underlying performance at our advanced energy storage operation and growing contribution from water and wastewater services offset reduced performance at our engineered components manufacturing operation due to weak market conditions. Prior year results included contribution from disposed operations including our Canadian aggregates production operation which was sold in June 2024.

    Our Business Services segment generated Adjusted EBITDA of $832 million in 2024, compared to $900 million in 2023. Strong performance at our residential mortgage insurer was primarily offset by the impact of a cyber incident at our dealer software and technology services operation and reduced performance at our construction and healthcare services operations during the year. Prior year results included contribution from our road fuels operation which was sold in July 2024.

    Our Infrastructure Services segment generated Adjusted EBITDA of $606 million in 2024, compared to $853 million in 2023. Prior year results included $236 million of contribution from our nuclear technology services operation which was sold in November 2023. Current year results benefited from improved performance of offshore oil services, offset by reduced contribution at work access services.

    The following table presents Adjusted EFO4 by segment:

      Three Months Ended
    December 31,
      Year Ended
    December 31,
    US$ millions, unaudited   2024       2023       2024       2023  
    Adjusted EFO          
    Industrials $ 193     $ 115     $ 935     $ 492  
    Business Services   142       181       641       636  
    Infrastructure Services   78       1,790       287       2,070  
    Corporate and Other   (83 )     (77 )     (331 )     (335 )

    Adjusted EFO for the year ended December 31, 2024 included $306 million in net gains primarily related to the dispositions of our road fuels operation and Canadian aggregates production operation, the sale of public securities and the deconsolidation of our payment processing services operation. Infrastructure Services Adjusted EFO reflected the impact of the prior year disposition of our nuclear technology services operation. Prior year results included $2,006 million in after-tax net gains primarily related to the sale of our nuclear technology services operation.

    Strategic Initiatives

    • Advanced Energy Storage Operation
      In January, our advanced energy storage operation raised $5 billion of new first lien debt – $4.5 billion of the proceeds are not required in the business and therefore were used to fund a special distribution to owners, of which Brookfield Business Partners’ share was approximately $1.2 billion. This represented a multiple of 1.5x of our initial equity investment and we still own our entire share of the business.
    • Offshore Oil Services
      In January, we completed the previously announced sale of our offshore oil services’ shuttle tanker operation. Cash proceeds to Brookfield Business Partners for the sale of its interest after the repayment of debt are expected to be approximately $250 million.
    • Unit Repurchase Program and Capital Deployment
      We are allocating up to $250 million of capital to accelerate the repurchase of Brookfield Business Partners’ securities under our existing and future normal course issuer bids (NCIB).

      In January, we completed the acquisition of Chemelex, a leading manufacturer of electric heat tracing systems, through a carve-out from a larger industrial company for total enterprise value of $1.7 billion. Brookfield Business Partners invested $212 million for an approximate 25% economic interest in the business, with the balance funded by institutional partners.

    Liquidity

    We ended the year with approximately $1.3 billion of liquidity at the corporate level including $91 million of cash and liquid securities, $25 million of remaining preferred equity commitment from Brookfield Corporation and $1.2 billion of availability on our corporate credit facilities. Pro forma for announced and recently closed transactions, corporate liquidity is $2.7 billion.

    Distribution

    The Board of Directors has declared a quarterly distribution in the amount of $0.0625 per unit, payable on March 31, 2025 to unitholders of record as at the close of business on February 28, 2025.

    Additional Information

    The Board has reviewed and approved this news release, including the summarized unaudited consolidated financial statements contained herein.

    Brookfield Business Partners’ Letter to Unitholders and the Supplemental Information are available on our website https://bbu.brookfield.com under Reports & Filings.

       
    Notes:  
    1 Attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shareholders.
    2 Net income (loss) per limited partnership unit calculated as net income (loss) attributable to limited partners divided by the average number of limited partnership units outstanding for the three and twelve months ended December 31, 2024 which were 74.3 million and 74.3 million, respectively (December 31, 2023: 74.3 million and 74.5 million, respectively).
    3 Adjusted EBITDA is a non-IFRS measure of operating performance presented as net income and equity accounted income at the partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments, respectively, excluding the impact of interest income (expense), net, income taxes, depreciation and amortization expense, gains (losses) on acquisitions/dispositions, net, transaction costs, restructuring charges, revaluation gains or losses, impairment expenses or reversals, other income or expenses, and preferred equity distributions. The partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments excludes amounts attributable to non-controlling interests consistent with how the partnership determines net income attributable to non-controlling interests in its IFRS consolidated statements of operating results. The partnership believes that Adjusted EBITDA provides a comprehensive understanding of the ability of its businesses to generate recurring earnings which allows users to better understand and evaluate the underlying financial performance of the partnership’s operations and excludes items that the partnership believes do not directly relate to revenue earning activities and are not normal, recurring items necessary for business operations. Please refer to the reconciliation of net income (loss) to Adjusted EBITDA included elsewhere in this news release.
    4 Adjusted EFO is the partnership’s segment measure of profit or loss and is presented as net income and equity accounted income at the partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments, respectively, excluding the impact of depreciation and amortization expense, deferred income taxes, transaction costs, restructuring charges, unrealized revaluation gains or losses, impairment expenses or reversals and other income or expense items that are not directly related to revenue generating activities. The partnership’s economic ownership interest in consolidated subsidiaries excludes amounts attributable to non-controlling interests consistent with how the partnership determines net income attributable to non-controlling interests in its IFRS consolidated statements of operating results. In order to provide additional insight regarding the partnership’s operating performance over the lifecycle of an investment, Adjusted EFO includes the impact of preferred equity distributions and realized disposition gains or losses recorded in net income, other comprehensive income, or directly in equity, such as ownership changes. Adjusted EFO does not include legal and other provisions that may occur from time to time in the partnership’s operations and that are one-time or non-recurring and not directly tied to the partnership’s operations, such as those for litigation or contingencies. Adjusted EFO includes expected credit losses and bad debt allowances recorded in the normal course of the partnership’s operations. Adjusted EFO allows the partnership to evaluate its segments on the basis of return on invested capital generated by its operations and allows the partnership to evaluate the performance of its segments on a levered basis.
       

    Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation. For more information, please visit https://bbu.brookfield.com.

    Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management.

    Please note that Brookfield Business Partners’ previous audited annual and unaudited quarterly reports have been filed on SEDAR+ and EDGAR and are available at https://bbu.brookfield.com under Reports & Filings. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.

    For more information, please contact:

    Conference Call and 2024 Earnings Webcast Details

    Investors, analysts and other interested parties can access Brookfield Business Partners’ 2024 results as well as the Letter to Unitholders and Supplemental Information on our website https://bbu.brookfield.com under Reports & Filings.

    The results call can be accessed via webcast on January 31, 2025 at 10:00 a.m. Eastern Time at BBU2024Q4Webcast or participants can pre-register at BBU2024Q4ConferenceCall. Upon registering, participants will be emailed a dial-in number and unique PIN. A replay of the webcast will be available at https://bbu.brookfield.com.

     
    Brookfield Business Partners L.P.
    Consolidated Statements of Financial Position
     
      As at
    US$ millions, unaudited December 31, 2024   December 31, 2023
                         
    Assets                    
    Cash and cash equivalents         $ 3,239             $ 3,252  
    Financial assets           12,371               13,176  
    Accounts and other receivable, net           6,279               6,563  
    Inventory and other assets           5,728               5,321  
    Property, plant and equipment           13,232               15,724  
    Deferred income tax assets           1,744               1,220  
    Intangible assets           18,317               20,846  
    Equity accounted investments           2,325               2,154  
    Goodwill           12,239               14,129  
    Total Assets         $ 75,474             $ 82,385  
                         
    Liabilities and Equity                    
    Liabilities                    
    Corporate borrowings         $ 2,142             $ 1,440  
    Accounts payable and other           16,691               18,378  
    Non-recourse borrowings in subsidiaries of Brookfield Business Partners           36,720               40,809  
    Deferred income tax liabilities           2,613               3,226  
                         
    Equity                    
    Limited partners $ 1,752         $ 1,909    
    Non-controlling interests attributable to:          
    Redemption-exchange units   1,644           1,792    
    Special limited partner                
    BBUC exchangeable shares   1,721           1,875    
    Preferred securities   740           740    
    Interest of others in operating subsidiaries   11,451           12,216    
          17,308           18,532  
    Total Liabilities and Equity   $ 75,474         $ 82,385  
     
    Brookfield Business Partners L.P.
    Consolidated Statements of Operating Results
     
    US$ millions, unaudited Three Months Ended
    December 31,
      Year Ended
    December 31,
      2024       2023       2024       2023  
               
    Revenues $ 7,427     $ 13,405     $ 40,620     $ 55,068  
    Direct operating costs   (6,008 )     (12,209 )     (34,883 )     (50,021 )
    General and administrative expenses   (324 )     (336 )     (1,267 )     (1,538 )
    Interest income (expense), net   (752 )     (858 )     (3,104 )     (3,596 )
    Equity accounted income (loss), net   35       48       90       132  
    Impairment reversal (expense), net   (991 )     (780 )     (981 )     (831 )
    Gain (loss) on acquisitions/dispositions, net         4,477       692       4,686  
    Other income (expense), net   (360 )     (344 )     (573 )     (178 )
    Income (loss) before income tax   (973 )     3,403       594       3,722  
    Income tax (expense) recovery          
    Current   (158 )     (171 )     (646 )     (775 )
    Deferred   23       252       947       830  
    Net income (loss) $ (1,108 )   $ 3,484     $ 895     $ 3,777  
    Attributable to:          
    Limited partners $ (150 )   $ 488     $ (37 )   $ 482  
    Non-controlling interests attributable to:          
    Redemption-exchange units   (141 )     457       (35 )     451  
    Special limited partner                      
    BBUC exchangeable shares   (147 )     478       (37 )     472  
    Preferred securities   13       17       52       83  
    Interest of others in operating subsidiaries   (683 )     2,044       952       2,289  
     
    Brookfield Business Partners L.P.
    Reconciliation of Non-IFRS Measures
     
    US$ millions, unaudited  Three Months Ended December 31, 2024
        Business Services       Infrastructure Services       Industrials       Corporate and Other       Total  
                         
    Net income (loss)   $ (955 )   $ (72 )   $ (31 )   $ (50 )   $ (1,108 )
                         
    Add or subtract the following:                    
    Depreciation and amortization expense     223       228       328             779  
    Impairment reversal (expense), net     690       1       300             991  
    Gain (loss) on acquisitions/dispositions, net                              
    Other income (expense), net1     312       4       47       (3 )     360  
    Income tax (expense) recovery     28       9       115       (17 )     135  
    Equity accounted income (loss), net     (4 )     (12 )     (19 )           (35 )
    Interest income (expense), net     233       166       313       40       752  
    Equity accounted Adjusted EBITDA2     25       47       17             89  
    Amounts attributable to non-controlling interests3     (335 )     (211 )     (764 )           (1,310 )
    Adjusted EBITDA   $ 217     $ 160     $ 306     $ (30 )   $ 653  
     Notes:  
     1 Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $407 million related to a provision for payment of a litigation settlement at our dealer software and technology services operation, $116 million of net gains on the sale of property, plant and equipment and other assets, $57 million related to provisions recorded at our construction operation, $52 million of business separation expenses, stand-up costs and restructuring charges, $27 million of net gains on debt modification and extinguishment, $16 million of net revaluation gains and $3 million in transaction costs.
     2 Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by its investments in associates and joint ventures accounted for using the equity method.
     3 Amounts attributable to non-controlling interests are calculated based on the economic ownership interests held by the non-controlling interests in consolidated subsidiaries.
     
    Brookfield Business Partners L.P.
    Reconciliation of Non-IFRS Measures
         
    US$ millions, unaudited Year Ended December 31, 2024
        Business Services       Infrastructure Services       Industrials       Corporate and Other       Total  
                         
    Net income (loss)   $ (169 )   $ (347 )   $ 1,654     $ (243 )   $ 895  
                         
    Add or subtract the following:                    
    Depreciation and amortization expense     961       888       1,355             3,204  
    Impairment reversal (expense), net     686       (11 )     306             981  
    Gain (loss) on acquisitions/dispositions, net     (608 )           (84 )           (692 )
    Other income (expense), net1     365       32       164       12       573  
    Income tax (expense) recovery     75       6       (341 )     (41 )     (301 )
    Equity accounted income (loss), net     (4 )     (23 )     (63 )           (90 )
    Interest income (expense), net     972       701       1,279       152       3,104  
    Equity accounted Adjusted EBITDA2     79       168       61             308  
    Amounts attributable to non-controlling interests3     (1,525 )     (808 )     (3,084 )           (5,417 )
    Adjusted EBITDA   $ 832     $ 606     $ 1,247     $ (120 )   $ 2,565  
    Notes:  
    1 Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $407 million related to a provision for payment of a litigation settlement at our dealer software and technology services operation, $251 million related to provisions recorded at our construction operation, $168 million of net revaluation gains, $158 million of business separation expenses, stand-up costs and restructuring charges, $108 million of net gains on the sale of property, plant and equipment and other assets, $52 million of net gains on debt modification and extinguishment, $50 million of other income related to a distribution at our entertainment operation, $35 million in transaction costs and $100 million of other expenses.
    2 Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by its investments in associates and joint ventures accounted for using the equity method.
    3 Adjusted EBITDA that is attributable to non-controlling interests in consolidated subsidiaries.
     
    Brookfield Business Partners L.P.
    Reconciliation of Non-IFRS Measures
     
    US$ millions, unaudited Three Months Ended December 31, 2023
        Business Services       Infrastructure Services       Industrials       Corporate and Other       Total  
                         
    Net income (loss)   $ 51     $ 3,744     $ (264 )   $ (47 )   $ 3,484  
                         
    Add or subtract the following:                    
    Depreciation and amortization expense     287       257       347             891  
    Impairment reversal (expense), net     650       33       97             780  
    Gain (loss) on acquisitions/dispositions, net     (566 )     (3,902 )     (9 )           (4,477 )
    Other income (expense), net1     (24 )     46       317       5       344  
    Income tax (expense) recovery     18       (10 )     (68 )     (21 )     (81 )
    Equity accounted income (loss), net     (6 )     (22 )     (20 )           (48 )
    Interest income (expense), net     259       225       336       38       858  
    Equity accounted Adjusted EBITDA2     17       51       17             85  
    Amounts attributable to non-controlling interests3     (459 )     (238 )     (531 )           (1,228 )
    Adjusted EBITDA   $ 227     $ 184     $ 222     $ (25 )   $ 608  
    Notes:  
    1 Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $247 million loss related to the reclassification of our graphite electrode operations as a financial asset, $96 million of net gains on debt extinguishment/modifications, $80 million of business separation expenses, stand-up costs and restructuring charges, $37 million in transaction costs and $76 million of other expenses.
    2 Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by its investments in associates and joint ventures accounted for using the equity method.
    3 Adjusted EBITDA that is attributable to non-controlling interests in consolidated subsidiaries.
     
    Brookfield Business Partners L.P.
    Reconciliation of Non-IFRS Measures
     
    US$ millions, unaudited Year Ended December 31, 2023
        Business Services       Infrastructure Services       Industrials       Corporate and Other       Total  
                         
    Net income (loss)   $ 602     $ 3,616     $ (245 )   $ (196 )   $ 3,777  
                         
    Add or subtract the following:                    
    Depreciation and amortization expense     1,045       1,174       1,373             3,592  
    Impairment reversal (expense), net     656       (13 )     188             831  
    Gain (loss) on acquisitions/dispositions, net     (720 )     (3,916 )     (50 )           (4,686 )
    Other income (expense), net1     (138 )     (90 )     396       10       178  
    Income tax (expense) recovery     245       (6 )     (218 )     (76 )     (55 )
    Equity accounted income (loss), net     (25 )     (51 )     (56 )           (132 )
    Interest income (expense), net     1,031       1,051       1,369       145       3,596  
    Equity accounted Adjusted EBITDA2     61       183       63             307  
    Amounts attributable to non-controlling interests3     (1,857 )     (1,095 )     (1,965 )           (4,917 )
    Adjusted EBITDA   $ 900     $ 853     $ 855     $ (117 )   $ 2,491  
    Notes:  
    1 Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $446 million of net gains on debt modification and extinguishment, $247 million loss related to the reclassification of our graphite electrode operations as a financial asset, $246 million of business separation expenses, stand-up costs and restructuring charges, $116 million in transaction costs, $93 million of net revaluation gains and $108 million of other expenses.
    2 Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by its investments in associates and joint ventures accounted for using the equity method.
    3 Adjusted EBITDA that is attributable to non-controlling interests in consolidated subsidiaries.
       

    Brookfield Business Corporation Reports 2024 Year End Results

    Brookfield, News, January 31, 2025 – Brookfield Business Corporation (NYSE, TSX: BBUC) announced today its net income (loss) for the year ended December 31, 2024.

      Three Months Ended
    December 31,
      Year Ended
    December 31,
    US$ millions, unaudited   2024       2023       2024       2023  
               
    Net income (loss) attributable to Brookfield Business Partners $ (396 )   $ 454     $ (888 )   $ 519  

    Net loss attributable to Brookfield Business Partners for the year ended December 31, 2024 was $888 million compared to net income of $519 million in 2023 which included net gains primarily related to the sale of our nuclear technology services operation. Current year results included $208 million of remeasurement loss on our exchangeable and class B shares that are classified as liabilities under IFRS. As at December 31, 2024, the exchangeable and class B shares were remeasured to reflect the closing price of $23.42 per unit.

    Dividend

    The Board of Directors has declared a quarterly dividend in the amount of $0.0625 per share, payable on March 31, 2025 to shareholders of record as at the close of business on February 28, 2025.

    Additional Information

    Each exchangeable share of Brookfield Business Corporation has been structured with the intention of providing an economic return equivalent to one unit of Brookfield Business Partners L.P. Each exchangeable share will be exchangeable at the option of the holder for one unit. Brookfield Business Corporation will target that dividends on its exchangeable shares will be declared and paid at the same time as distributions are declared and paid on the Brookfield Business Partners’ units and that dividends on each exchangeable share will be declared and paid in the same amount as distributions are declared and paid on each unit to provide holders of exchangeable shares with an economic return equivalent to holders of units.

    In addition to carefully considering the disclosures made in this news release in its entirety, shareholders are strongly encouraged to carefully review the Letter to Unitholders, Supplemental Information and other continuous disclosure filings which are available at https://bbu.brookfield.com.

    Please note that Brookfield Business Corporation’s previous audited annual and unaudited quarterly reports have been filed on SEDAR+ and EDGAR and are available at https://bbu.brookfield.com/bbuc under Reports & Filings. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.

     
    Brookfield Business Corporation
    Consolidated Statements of Financial Position
     
      As at
    US$ millions, unaudited December 31, 2024   December 31, 2023
                           
    Assets                      
    Cash and cash equivalents         $ 1,008             $ 772  
    Financial assets           353               224  
    Accounts and other receivable, net           3,229               3,569  
    Inventory, net           52               61  
    Other assets           627               737  
    Property, plant and equipment           2,480               2,743  
    Deferred income tax assets           197               221  
    Intangible assets           5,966               6,931  
    Equity accounted investments           198               222  
    Goodwill           4,988               5,702  
    Total Assets         $ 19,098             $ 21,182  
                           
    Liabilities and Equity                      
    Liabilities                      
    Accounts payable and other         $ 5,276             $ 4,818  
    Non-recourse borrowings in subsidiaries of Brookfield Business Corporation           8,490               8,823  
    Exchangeable and class B shares           1,709               1,501  
    Deferred income tax liabilities           988               1,280  
                           
    Equity                      
    Brookfield Business Partners $ (59 )       $ 880      
    Non-controlling interests   2,694           3,880      
          2,635         4,760  
    Total Liabilities and Equity   $ 19,098       $ 21,182  
     
    Brookfield Business Corporation
    Consolidated Statements of Operating Results
     
    US$ millions, unaudited Three Months Ended
    December 31,
      Year Ended
    December 31,
      2024       2023       2024       2023  
    Continuing operations          
    Revenues $ 2,209     $ 1,946     $ 8,208     $ 7,683  
    Direct operating costs   (2,041 )     (1,749 )     (7,568 )     (6,794 )
    General and administrative expenses   (107 )     (78 )     (326 )     (268 )
    Interest income (expense), net   (212 )     (206 )     (832 )     (878 )
    Equity accounted income (loss), net   2       2       8       3  
    Impairment reversal (expense), net   (689 )     (599 )     (691 )     (606 )
    Gain (loss) on acquisitions/dispositions, net                     87  
    Remeasurement of exchangeable and class B shares   (9 )     (392 )     (208 )     (264 )
    Other income (expense), net   (469 )     44       (666 )     126  
    Income (loss) before income tax from continuing operations   (1,316 )     (1,032 )     (2,075 )     (911 )
    Income tax (expense) recovery          
    Current   (8 )     (5 )     (50 )     (167 )
    Deferred   42       1       198       95  
    Net income (loss) from continuing operations $ (1,282 )   $ (1,036 )   $ (1,927 )   $ (983 )
    Discontinued operations          
    Net income (loss) from discontinued operations         3,885             3,812  
    Net income (loss) $ (1,282 )   $ 2,849     $ (1,927 )   $ 2,829  
    Attributable to:          
    Brookfield Business Partners $ (396 )   $ 454     $ (888 )   $ 519  
    Non-controlling interests   (886 )     2,395       (1,039 )     2,310  


    Cautionary Statement Regarding Forward-looking Statements and Information

    Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of Brookfield Business Partners, as well as regarding recently completed and proposed acquisitions, dispositions, and other transactions, and the outlook for North American and international economies for the current fiscal year and subsequent periods, and include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “intends”, “targets”, “projects”, “forecasts”, “views”, “potential”, “likely” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”.

    Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, investors and other readers should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Business Partners to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us or are within our control. If a change occurs, our business, financial condition, liquidity and results of operations and our plans and strategies may vary materially from those expressed in the forward-looking statements and forward-looking information herein.

    Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: the cyclical nature of our operating businesses and general economic conditions and risks relating to the economy, including unfavorable changes in interest rates, foreign exchange rates, inflation and volatility in the financial markets; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including our ability to complete dispositions and achieve the anticipated benefits therefrom; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the ability to appropriately manage human capital; the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation within the countries in which we operate; changes to U.S. laws or policies, including changes in U.S. domestic economic policies and foreign trade policies and tariffs; governmental investigations; litigation; changes in tax laws; ability to collect amounts owed; catastrophic events, such as earthquakes, hurricanes and pandemics/epidemics; cybersecurity incidents; the possible impact of international conflicts, wars and related developments including terrorist acts and cyber terrorism; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States including those set forth in the “Risk Factors” section in our annual report for the year ended December 31, 2024 to be filed on Form 20-F.

    Statements relating to “reserves” are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described herein can be profitably produced in the future. We qualify any and all of our forward-looking statements by these cautionary factors.

    We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

    Cautionary Statement Regarding the Use of a Non-IFRS Measure

    This news release contains references to a Non-IFRS measure. Adjusted EBITDA is not a generally accepted accounting measure under IFRS and therefore may differ from definitions used by other entities. We believe this is a useful supplemental measure that may assist investors in assessing the financial performance of Brookfield Business Partners and its subsidiaries. However, Adjusted EBITDA should not be considered in isolation from, or as a substitute for, analysis of our financial statements prepared in accordance with IFRS.

    References to Brookfield Business Partners are to Brookfield Business Partners L.P. together with its subsidiaries, controlled affiliates and operating entities. Unitholders’ results include limited partnership units, redemption-exchange units, general partnership units, BBUC exchangeable shares and special limited partnership units. More detailed information on certain references made in this news release will be available in our Management’s Discussion and Analysis of Financial Condition and Results of Operations in our annual report for the year ended December 31, 2024 to be filed on Form 20-F.

    The MIL Network

  • MIL-OSI: Signing Day Sports Retains Rights as “National Recruiting Partner” to U.S. Army Bowl Through 2026 in New Deal

    Source: GlobeNewswire (MIL-OSI)

    SCOTTSDALE, Ariz., Jan. 31, 2025 (GLOBE NEWSWIRE) — Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform to aid high school athletes in the recruitment process, today announced the signing of a new Sponsorship Agreement with the U.S. Army Bowl, extending its rights as “National Recruiting Partner”. The Sponsorship Agreement solidifies Signing Day Sports’ role as manager of the U.S. Army Bowl’s National Combines and specified Regional Combines, enables the Company to promote its app and services, and provides revenue-sharing opportunities.

    “Our collaboration with the U.S. Army Bowl and the U.S. Army Bowl’s owner, Goat Farm Sports, has already brought over 8,000 new football users into our SaaS model app,” said Jeff Hecklinski, President of Signing Day Sports. “We are ecstatic to be able to finalize a new Sponsorship Agreement, strengthening the business relationship between Goat Farm Sports and Signing Day Sports. We want to thank Goat Farm Sports for their continued trust and support of Signing Day Sports. Based on our prior collaboration as National Recruiting Partner to the U.S. Army Bowl in 2022, 2023 and 2024, we believe that we have created and grown one of the best-known high school football combine series in the country. With the technology of Signing Day Sports and the brand of the U.S. Army Bowl, we have been able to help provide complete and necessary services to student-athletes and their families around the country to help them successfully navigate the college recruiting landscape. Over the past year alone, we have worked with almost 4,000 student-athletes and their families. Through our comprehensive webinars, individual informational sessions, and other outreach, we have helped student-athletes reach their goals of playing college football. We are excited to continue our growth and success alongside Goat Farm Sports and the U.S. Army Bowl in the coming years.”

    Nearly 3,000 student-athletes participated in the 2024 U.S. Army Bowl Regional Combines, and projections exceed 4,000 in 2025. Signing Day Sports will continue to operate the U.S. Army Bowl National Combine in December 2025, now the largest high school football combine in the country. The Company will receive a $60 stipend for each athlete who attends the National Combine and pays the full registration fee. Signing Day Sports will manage specified regional combines, retaining all earnings and absorbing all costs directly with minimal overhead. Regional combines may feature an official U.S. Army Bowl academy, at which the Company will feature a 1-day combine managed and operated by the Company. The Company will receive $135 of any academy fee and commissions for assisting with academy sales. Every participant will receive their video-verified data from their combine in their Signing Day Sports app and, after their free trial period ends, will be added to the app to continue with their recruiting profile. Through the app, athletes will be able to search and communicate directly with coaches from around the country through the newly updated coaches search tab found in the app.

    A copy of the Sponsorship Agreement was filed as an exhibit to the Current Report on Form 8-K filed by Signing Day Sports with the U.S. Securities and Exchange Commission (“SEC”) on January 30, 2025.

    Student-athletes interested in participating in the U.S. Army Regional Combine series can register at sdscombines.com.

    About Signing Day Sports

    Signing Day Sports’ mission is to help student-athletes achieve their goal of playing college sports. Signing Day Sports’ app allows student-athletes to build their Signing Day Sports’ recruitment profile, which includes information college coaches need to evaluate and verify them through video technology. For more information on Signing Day Sports, go to https://bit.ly/SigningDaySports.

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, including without limitation, the Company’s ability to realize the expected benefits of its collaboration with the owner of the U.S. Army Bowl; the ability of the collaboration to yield significant revenues or other value for the Company; the Company’s ability to execute the collaboration strategy as expected; the number of student-athletes who will use and purchase subscriptions to the Company’s app through the Company’s U.S. Army Bowl collaboration; the Company’s ability to obtain additional funding to develop additional services and offerings; market acceptance of the Company’s offerings; competition from existing online offerings or new offerings that may emerge; impacts from strategic changes to the Company’s business on its net sales, revenues, income from continuing operations, or other results of operations; the Company’s ability to attract new users and customers, increase the rate of subscription renewals, and slow the rate of user attrition; the Company’s ability and third parties’ abilities to protect intellectual property rights; the Company’s ability to adequately support future growth; the Company’s ability to comply with user data privacy laws and other current or anticipated legal requirements; and the Company’s ability to attract and retain key personnel to manage its business effectively.  Further information regarding factors which could affect the forward-looking statements can be found under “Risk Factors” and sections containing cautionary statements relating to forward-looking statements in the Company’s periodic reports which are filed with the Securities and Exchange Commission. These risks, uncertainties and other factors are, in some cases, beyond our control and could materially affect results. If one or more of these risks, uncertainties or other factors become applicable, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

    Investor Contacts:
    Crescendo Communications, LLC
    212-671-1020
    SGN@crescendo-ir.com

    The MIL Network

  • MIL-OSI United Kingdom: Environment Secretary announces Land Use Framework

    Source: United Kingdom – Government Statements

    Steve Reed sets out how the most sophisticated land use data ever published will support decision-making by local government, landowners, businesses and farmers

    Thanks to Tim for the introduction, and to the Royal Geographical Society for hosting us here today.

    I want to start by celebrating the work of the late Sir Dudley Stamp, President of the Royal Geographical Society from 1963 – 1966.

    In the 1930s, Sir Dudley carried out the Land Utilisation Survey of Great Britain, the first-of-its-kind nation-wide survey of how land was then being used in our country.

    He recruited the help of thousands of schoolchildren and their teachers, who embarked on a trip right around Britain to map mountains, rivers, fields, back gardens, forests, covering every piece of land across the country.

    You can see examples of these maps can be found in this room today.

    Across the survey, some maps were clearly done quickly as a pupil ran out of time, or perhaps even lost interest, others are coloured meticulously with additional notes and labels for good measure.

    Yet, whether they were rushed or done in painstaking detail, Sir Dudley’s maps are invaluable, providing a comprehensive record of how land was being used across England, Wales and Scotland.

    These maps were quickly put to use with the dawn of the Second World War, used by the local War Agricultural Committees to identify land that could maximise food production.

    Sir Dudley’s maps are a snapshot in history – a fascinating insight into how the countryside has changed over time.

    But the story of our land goes much deeper even than that.

    Our landscape embodies our lives, our culture, our celebrations, and our tragedies.

    How it looks has changed as our population has grown and shrunk, through wars, in times of disease and hardship, through changing industries and shifting habits. The stories of our ancestors are embedded in the rich heritage of our land.

    In the woodlands of the New Forest where, in 1697, trees were protected by law to supply timber for the Royal Navy’s growing fleet.

    In the ridges and furrows in our fields, and the stone walls of enclosures, that give a glimpse into the lives of millions of farmers who’ve worked our land for tens of thousands of years.

    In the parkland designed by ‘Capability’ Brown across England’s glorious Georgian Estates, visited by millions of us to this day.

    Our landscape reflects generations of innovators.

    In the emergence of new terraced houses in the industrial towns of Lancashire and West Yorkshire, remnants of the late 18th century textile revolution.

    In the creation of our transport system, from canals to the railways through the 19th century, to the opening of England’s first motorway in 1958.

    From the world’s first public electricity supply in Surrey in 1851, to the UK producing its trillionth kilowatt hour of electricity from renewable sources in May 2023.

    It’s the fabric of Stevenage and Harlow, created under the New Towns Act of 1946 to meet the urgent need for housing in the post war years, and in the opening of our National Parks during that same period, representing the desire of a nation to get out and enjoy the great outdoors.

    It tells the story of farmers who have changed how they farm time and again to grow the food we need and steward our countryside, embracing mechanisation in the 20th century, automation in more recent decades, and the nature-friendly practices we’re seeing emerge today.

    Wherever you are in England, the history of our landscape is ever present. The distinctive features that make up the nation we know and love are never far away.

    Two hours from the room we’re all in right now, I could be at Stonehenge. Go the other way, I’m in the Norfolk Broads or on the beach at Margate. I can easily get to the canals of Birmingham, the uplands of the Yorkshire Dales or the sparkling white cliffs of Dover.

    This is one of England’s greatest joys. But also one of its challenges. Because England’s land area is small. To put it in perspective, France is four times bigger than England but our population is around the same.

    And there are more demands and more opportunities on our land than ever before.

    To grow the economy and deliver the change that this Government was elected to do, we must make the best use of the land around us. But we need better data and tools to inform decision making. 

    So we can grow the food to feed the nation. Build 1.5 million new homes to address the housing crisis. Construct the energy infrastructure to secure home-grown clean power. And, underpinning all these ambitions, protect and restore nature here in one of the most nature-depleted countries on Earth. 

    In the years since Sir Dudley’s work, we’ve seen subsequent land use surveys, and advances in spatial data science and earth observation means we have detailed land analysis at our fingertips, including that used by Tim in Land App, to help people plan how we use our land better.

    But, until now, there has been no clear direction set by Government on how our land could best be used across England. How to support those who make decisions about the land. How to minimise trade-offs and maximise its potential.

    Today, following Sir Dudley’s groundbreaking survey almost 100 years ago, I’m asking for your help to shape the first-ever comprehensive Land Use Framework for England.

    This will be the most sophisticated land use data and toolkit ever published in our country’s history.

    This Government has a cast-iron commitment to maintain long-term food security.

    The primary purpose of farming will always be to produce the food that feeds the nation.

    This framework will give decision makers the toolkit they need to protect our highest quality agricultural land, and make decisions about the long term future of farm businesses.

    Farming faces a rapidly changing climate. More severe flooding and droughts are damaging food production, hitting yields and hitting profits. At the same time our natural environment is in decline. Much-loved British birds and wildlife are at risk of national extinction.

    Our rivers, lakes and seas are choked by unacceptable levels of pollution.

    Some of our most treasured landscapes are in a very poor condition.

    This is the scale of the challenge we face.  And we must do more to restore our natural world while maintaining and strengthening food production. 

    That is why the Government must go further and faster to support farmers through the transition to a more sustainable way of farming.

    But there’s good news too.  That transition is already underway. Embracing innovation that will boost long-term food production. Restoring habitats and supporting once-endangered species. Doing things like planting orchards alongside cropland, or restoring and maintaining peatland.

    I know from conversations with farmers and landowners that they not only understand the need for change, they are already making change happen. 

    They know their land best, and it is only right that they lead this transition.

    We can make the most of food production, nature’s restoration and economic growth if we support farmers and landowners with better information to help them navigate their way into the future. 

    That may mean doing things differently, and I know that can be worrying, but the decision on how to manage land will and must always rest with the individual farmer or landowner.

    We will work with farmers to shape the framework and support them in making their businesses more sustainable, productive and profitable by opening up Government data so innovators like Tim can put new insights into the hands of farmers, planners and developers when taking their own decisions about the best use for their land.

    It will look at how we create the certainty that private investors need to invest in farming businesses, and consider how best to use public funding to secure the most benefits for food production and for nature.

    We are working on common sense changes that create a win-win for nature and the economy, and the Land Use Framework is a significant part of that.

    Nature is the common thread that runs through the Government’s missions. It is healthy soils and abundant pollinators that enable us to grow the food we need despite the changing climate. It’s a resilient water supply that is essential to building the homes, schools, hospitals, and datacentres that we need. And trees and vegetation that help the land hold more water and give us better protection from flooding.

    It’s the biodiversity and wildlife that safeguards our ecosystems to fight off animal and plant diseases, while access to our wild landscapes and green spaces helps improve mental and physical health and reduce the burden on our NHS.

    Beyond nature and the farming sector, this Framework will unlock growth through better spatial planning.

    It will work hand in hand with our housing and our energy plans, so we can meet our ambitious housing targets and achieve Clean Power by 2030, without jeopardising food production or nature.

    This land use data will shape decision-making about where and how we build things in this country so we can grow the economy and meet the challenges of future decades.

    Major infrastructure will be built with sensitivity to our landscapes, by ensuring our strategic spatial energy plan and 10 year infrastructure strategy draw from the land use framework.

    And by linking the Framework with our spatial approach to housing, we can develop new settlements that make space for nature and allow access to our beautiful green countryside.

    This is about creating a coherent set of policies that work together, rather than against each other.

    We have taken on recommendations from Henry Dimbleby’s Food Strategy, the Food Farming and Countryside Commission, a House of Lords Committee, and a range of other voices – many who I see in front of me in this room, to consult on a Land Use Framework for England.

    Starting a national conversation on the vast opportunities for how we use land in this country.  

    It won’t tell anyone what to do with their land, it will help them take better decisions shaped by the life experiences of farmers, landowners and planners.

    Using the most sophisticated land use data ever published, we will boost food production, protect the best agricultural land, restore our natural world and drive economic growth.

    This is not a set of rules. This is providing better data and information to make sure the farming transition that is already happening is fair and just.

    Ensuring the evidence gathered here will also feed into the wider reform that we are delivering through our Farming Roadmap and Food Strategy.

    So just as Sir Dudley asked schoolteachers and their pupils for help all those years ago, I am asking for your help.

    I won’t be giving out mapping sheets and testing your colouring skills you’ll be pleased to hear.

    But I do want to hear your views and draw from your expertise on what a Land Use Framework for England should look like and – importantly – how we get there.

    Today we are launching a 12-week consultation, that will be supported by workshops and roundtables around the country.

    Bringing together farmers, landowners, businesses, planners – everyone involved in how we use our land.

    We’ll be asking for your views on a future vision for the land, what our policies on land use need to include, and what you need to realise that vision.

    Tell us how can we change the way our spatial data is presented and shared so it’s more valuable in decision making and can be used to drive economic growth.

    Tell us where the skills gaps are, and what skills we need to transition our land.

    Tell us how we can best help landowners, land managers and communities understand and prepare for the challenges of climate change,

    Or support farmers to make land-use changes while boosting food production.

    If we get that right, the prize is huge.

    We can have a multifunctional landscape that delivers economic growth and puts money back in the pockets of hardworking people.

    Where farmers continue to produce the food we need, working with nature and maximising the potential of their land to strengthen food security in the face of climate change and geopolitical shocks. 

    We can have healthy ecosystems, abundant habitats and species, clean waterways and beautiful countryside for everyone to enjoy.

    We can have families living in well-designed homes, with green spaces, amenities and protection from flooding.

    We can lower energy bills and increase national energy security by generating more homegrown, clean energy.

    This is about shaping the future England we want to see.

    The consultation may be just 12 weeks – but the conversation will be ongoing.

    Just as it has throughout history, our landscape will continue to change – and we will work with you so that the Land Use Framework evolves to reflect this. 

    Our landscape is shaped by those who’ve lived and worked it for generations.

    This is England’s next chapter. We are the authors. Let’s write it together.

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom

  • MIL-OSI United Nations: Income-generating activities serving local communities of Lopé and Ivindo

    Source: United Nations

    In the framework of the project “Creating a Sustainable Heritage Ecosystem for Socio-Economic Development in Africa”, UNESCO supports local communities around two World Heritage sites in Gabon to develop a sustainable project that highlights heritage and ecotourism.

    Between 11 and 15 December 2024, UNESCO conducted a consultation mission with local communities living in and around Gabon’s two World Heritage properties: the Ecosystem and Relict Cultural Landscape of Lopé-Okanda and Ivindo National Park. This initiative is part of UNESCO’s project titled “Creating a Sustainable Heritage Ecosystem for Socio-Economic Development in Africa,” funded by the Kingdom of Saudi Arabia. The project aims to integrate heritage preservation into sustainable development strategies, focusing on entrepreneurship, ecotourism, and digital technology. 

    As part of its commitment to sustainable socio-economic development, UNESCO has launched several pilot projects to promote entrepreneurship centred on ecotourism and the interpretation of World Heritage. These initiatives primarily target young people and women, addressing themes such as new information and communication technologies (ICT), the heritage economy, income-generating activities (IGAs), and innovation. The two World Heritage sites, known for their Outstanding Universal Value, are central to consultations aimed at developing tailored solutions to meet the needs of local communities.

    Consultations in Libreville : a multisectoral dialogue

    Multi-sectoral consultation in Libreville with key stakeholders in the development of the project © UNESCO /Jean Eude Ngouadono

    Ahead of the community consultations at the two World Heritage sites, a consultative meeting was organised by the Ministry of Culture in Libreville on 10 December 2024 with UNESCO. This event also brought together public and private institutions, including the National Museum, École 241 (a digital and leadership training centre), the National Agency for National Parks (ANPN), Espace PME (a Ministry of Commerce body supporting small and medium enterprises), the Gabon Digital Incubation Society (SING), and representatives from the culture, tourism, crafts, and social economy sectors.

    These discussions explored concrete opportunities around new technologies and the heritage economy, laying the groundwork for effective collaboration.

    A shared goal: leveraging heritage for inclusive development

    Moment de consultation auprès des habitants du Parc national de la Lopé. © UNESCO Libreville / Jean Eude NGOUADONO

    During this consultation mission, the UNESCO delegation, accompanied by the ANPN team, visited several villages surrounding, notably consultations took place in the villages of Ebyeng, Ntiété, and within Lopé-Okanda National Park. The visit highlighted challenges faced by local communities, including abandoned villages and damaged infrastructure. These once-thriving areas reflect the significant difficulties encountered by local populations in the face of recurring issues. The visit underscored the urgency of finding sustainable solutions to address these challenges. These observations will guide the development of projects that consider the complex realities on the ground. Discussions focused on community projects related to sustainable tourism, agriculture, fishing, and craft as means of favoring sustainable livelihoods and socio-economic development.

    Building a sustainable future with local communities, youth, and women as change-makers

    UNESCO places local communities, especially young people and women, at the centre of sustainable solutions. These actors play a key role in heritage preservation and the development of innovative economic initiatives essential for their empowerment and the prosperity of their regions.

    This mission represents a critical stage in designing a project that combines heritage preservation, sustainable development, and social inclusion. It illustrates UNESCO and its partners’ firm commitment to valuing Gabon’s rich natural and cultural heritage while addressing the aspirations and needs of local communities

    The projects will include income-generating activities and aim to strengthen local capacities. The goal is to make heritage a driver of inclusive and sustainable development, where local communities are not just beneficiaries but also initiators and agents of change.

    In this perspective, UNESCO will develop an implementation schedule and roll out a series of activities throughout 2025.

    With the support of

    MIL OSI United Nations News

  • MIL-OSI United Nations: World Wetlands Day 2025: Protecting Wetlands for Our Common Future

    Source: United Nations

    Celebrated annually on 2 February, World Wetlands Day aims to raise global awareness of the vital role of wetlands for people, nature and culture. This year’s theme, ‘Protecting Wetlands for Our Common Future’, reminds us of the benefits wetlands provide for biodiversity and human wellbeing.

    Wetlands are among the world’s most productive ecosystems and critical for wildlife preservation. Wetlands help us cope with the impacts of climate change and secure critical freshwater recources. Wetlands have also shaped human cultures over centuries, and inspired our creativity. We need healthy wetlands for our future, and for our well-being.

    Wetlands are protected under many conservation instruments, yet they are among the planet’s most theratened ecosystems. UNESCO supports the work of the Ramsar Convention on conservation and wise use of wetlands. Many wetlands have been recognised not only as Ramsar sites but also as UNESCO World Heritage properties and Biosphere Reserves. International designations can support the protection of wetlands and improve access to resources which are often much needed for securing their values.

    Mont-Saint-Michel and its Bay (France) is one of the dual designations under the Ramsar and World Heritage Conventions. It is a vital coastal wetland that provides essential habitat for migratory birds and supports local fisheries with a unique Gothic-style Benedictine abbey which is a great combination of culture and nature. Conservation efforts have helped maintain the delicate balance between the region’s natural environment and human activities, offering sustainable livelihoods to local communities while preserving cultural heritage.

    Wood Buffalo National Park (Canada) protects one of the world’s largest inland deltas. This wetland plays a critical role in the health of the surrounding ecosystems and provides a source of fresh water for local communities. By conserving the park’s wetlands, indigenous people and local residents benefit from enhanced food security, including access to fish and wildlife.

    Banc d’Arguin National Park (Mauritania) is an important coastal wetland that provides a haven for migratory birds, fish, and other wildlife. Local people benefit from the health of this wetland, which sustains fish stocks and supports their traditional livelihoods.

    Itsukushima Shinto Shrine (Japan) and its surrounding wetlands are crucial for maintaining the natural beauty of the region and has been a holy place of Shintoism. By protecting the wetlands, local communities benefit from the economic boost of tourism, while also preserving the cultural and spiritual significance of the landscape that has shaped their traditions for centuries.

    This year, World Wetlands Day shares the same theme with the 15th Meeting of the Conference of the Contracting Parties to the Convention on Wetlands (COP15), which is scheduled for July 2025 in Mosi-oa-Tunya/Victoria Falls, in Zimbabwe. It is also a UNESCO World Heritage site, shared by Zimbabwe and Zambia, and has one of the most spectacular waterfalls in the world.

    Visit the official World Wetlands Day 2025 website to explore global events, access communication materials and pledge your message for protecting wetlands for our common future.

    Learn more about our efforts to protect wetlands of global importance : here   

     

     

    MIL OSI United Nations News

  • MIL-OSI United Kingdom: Assembly to assess Mayor’s Co-Chairs of Cultural Leadership Board nominees

    Source: Mayor of London

    The Mayor’s Cultural Leadership Board is a high-level statutory body appointed by the Mayor of London in accordance with the Greater London Authority (GLA) Act 1999.1

    Board members, known as ‘Ambassadors’, advise the Mayor of London on emerging and ongoing issues facing the creative industries and culture sector. The Board also helps to champion the Mayor’s work.

    The role of the Co-Chairs is to:

    • Lead and chair the Mayor’s Culture Leadership Board to advise and support the Mayor on the delivery of his culture strategy
    • Lead the formulation of the Mayor’s Culture Leadership Board objectives and liaise with the Secretariat, GLA and other functional bodies to deliver these
    • Lead and represent the views of the Mayor’s Culture Leadership Board in its work, meetings and events
    • Act as the key spokesperson to the media and stakeholders relating to culture and the Mayor’s Culture Leadership Board
    • Meet with the Deputy Mayor for Culture & Creative Industries on a regular basis to update on any work.2

    The London Assembly will hold an extraordinary confirmation hearing on Monday, to assess the Mayor of London, Sir Sadiq Khan’s proposed appointees to the role of Co-Chairs of the Mayor’s Cultural Leadership Board.

    The Assembly Confirmation Hearings Committee will question:

    • Amanda Parker Proposed appointee to the role of Co-Chair of the Mayor’s Cultural Leadership Board
    • Tom Sleigh Proposed appointee to the role of Co-Chair of the Mayor’s Cultural Leadership Board                                                                       

    Questions may cover four key areas:

    • Whether the nominee is qualified for the position
    • Whether the nominee has the time and capacity for the position
    • Whether the nominee is fit (independent and impartial) for the position
    • Key responsibilities and issues for the organisation to which the Mayor is proposing to appoint the nominee

    Following the hearing, the Committee will make a recommendation to the Mayor as to whether they agree or reject the proposed appointment.3

    The hearing will take place on Monday 3 February at 3pm in the Chamber at City Hall, Kamal Chunchie Way, E16 1ZE.

    Media and members of the public are invited to attend.

    The meeting can also be viewed LIVE or later via webcast or YouTube.

    Follow us @LondonAssembly.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Coming up next week at the London Assembly W/C 3 February

    Source: Mayor of London

    PUBLIC MEETINGS

    Monday 3 February

    Co-chairs of the Mayor’s Cultural Leadership Board

    Confirmation Hearings Committee – Chamber, City Hall, Kamal Chunchie Way, 10am

    The Mayor’s Cultural Leadership Board members, known as ‘Ambassadors’, advise the Mayor of London on emerging and ongoing issues facing the creative industries and culture sector. The Board also helps to champion the Mayor’s work.

    The London Assembly will hold an extraordinary confirmation hearing to assess the Mayor of London, Sir Sadiq Khan’s proposed appointees to the role of Co-Chairs of the Mayor’s Cultural Leadership Board.

    The Assembly Confirmation Hearings Committee will question:

    • Amanda Parker – Proposed appointee to the role of Co-Chair of the Mayor’s Cultural Leadership Board
    • Tom Sleigh – Proposed appointee to the role of Co-Chair of the Mayor’s Cultural Leadership Board

    MEDIA CONTACT: Anthony Smith on 07763 251727[email protected]

    Wednesday 5 February

    Swimmable Rivers

    Environment Committee – Committee Rooms 2 & 3, City Hall, Kamal Chunchie Way, 10am

    The London Assembly Environment Committee will hold the final meeting of its investigation into the Mayor’s ‘swimmable rivers’ manifesto commitment, asking guests what the Mayor’s plan should include, how to ensure London’s rivers are safe and accessible, and what it will take to achieve the Mayor’s aims.

    The guests are:

    Panel 1

    • James Wallace, Chief Executive, River Action
    • Alex Nickson, Director for Environmental Compliance and Partnerships, Thames Water
    • Rob Gray, Chair and Director – Crane Valley CIC / Friends of the River Crane (FORCE)
    • Ros Daniels, London and South East Director, Canal and Rivers Trust

    Panel 2

    • Mete Coban MBE, Deputy Mayor of London for Environment and Energy, GLA
    • Sam Longman, Head of Sustainability and Corporate Environment, TfL
    • Abby Crisostomo, Head of Green Infrastructure, GLA
    • Pete Daw, Head of Climate Change, GLA

    MEDIA CONTACT: Anthony Smith on 07763 251727[email protected]

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Rail fare hikes will cause misery for workers and commuters

    Source: Scottish Greens

    Inflation-busting increases are inaccessible and unaffordable for everyone.

    Rail travel must be accessible and affordable for all, says Scottish Green MSP Mark Ruskell, following the announcement that ScotRail fares will increase by an inflation-busting 3.8% from April 1st.
     
    When in government the Scottish Greens secured a landmark scheme to remove peak rail fares for 12 months, with the SNP reintroducing them last year.
     
    The Greens have joined trade unions in calling for cheaper public transport through ending peak rail fares and introducing a £2 bus fare cap, to ensure that cleaner, greener travel is more available, affordable and accessible for all.
     
    In this year’s budget the Scottish Greens secured  the regional trial of a £2 bus fare cap beginning in January 2026, a move that they want to see extended across the country.
     

    The Scottish Greens’ spokesperson for transport, Mark Ruskell MSP, said:

    “These hikes will cause misery for commuters. If we want rail to be the first and best option for regular journeys then it has to be affordable and accessible for all.
     
    “When the Scottish Greens were in government we secured the removal of peak rail fares, only for the SNP to bring them back as soon as we were out of the room.
     
    “With household budgets being stretched to their limits, workers and regular commuters across our country are looking to find the cheapest ways to travel. These hikes will only deter people from using trains.
     
    “If we want safer and cleaner communities and less cars on our roads then we need to cut the cost of public transport. That is how we will encourage more commuters to leave their cars at home and hop on the train or bus, while benefiting people and planet.”

    Mr Ruskell added:

    “It was right to take ScotRail into public ownership, but we have a long way to go in building a modern and affordable rail network.
     
    “It shouldn’t have to cost a fortune to get to work, to hospital appointments or even to explore Scotland. We must end peak rail fares and stop financially penalising those who have no say on when they have to travel.”

    MIL OSI United Kingdom

  • MIL-OSI Russia: Anti-terrorist training held at Polytechnic University

    Translartion. Region: Russians Fedetion –

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

    On January 30, the Polytechnic University held a training session aimed at practicing anti-terrorist protection of university facilities and territories.

    The Polytechnic University regularly holds events related to civil defense, prevention and elimination of emergency situations, as well as anti-terrorist protection and fire safety.

    This time, the training was attended by employees of the Civil Security Department of SPbPU and employees of the security organization “U-Piter”. The head of the Civil Security Department, Oleg Savoshinsky, was the head of the event.

    Participants worked out algorithms for actions when committing or threatening to commit terrorist crimes in two scenarios: “placing an explosive device” and “attack by an unmanned aerial vehicle.”

    The goals and objectives were fully achieved. Following the exercise, the SPbPU management highly appreciated the actions of the university staff and employees.

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

    MIL OSI Russia News

  • MIL-OSI Russia: The Ivanov Dynasty

    Translartion. Region: Russians Fedetion –

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

    Five generations of the Ivanov family are closely connected with the Polytechnic University. Evgeny Aleksandrovich Ivanov was among the first students, and his son Konstantin also became a Polytechnician. Both grandsons of the first representative of the dynasty, Vadim and Aleksandr, have been working at the university for several decades now. Doctor of Physical and Mathematical Sciences, Professor of the Physics Department of the Institute of Physics and Mathematics V. K. Ivanov told about the history of his family and about how the family tradition is continued by his children and grandchildren.

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

    MIL OSI Russia News

  • MIL-OSI USA: Sols 4439-4440: A Lunar New Year on Mars

    Source: NASA

    Earth planning date: Wednesday, Jan. 29, 2025
    We’re planning sols 4439 and 4440 on the first day of the Lunar New Year here on Earth, and I’m the Geology/Mineralogy Science Theme Lead for today. The new year is a time for all kinds of abundance and good luck, and we are certainly lucky to be celebrating another new year on Mars with the Curiosity rover!
    The rover’s current position is on the north side of the “Texoli” butte west of the “Rustic Canyon” crater, and we are on our way southwest through the layered sulfate unit toward a possible boxwork structure that we hope to study later this year. Today’s workspace included a couple of representative bedrock blocks with contrasting textures, so we planned an APXS elemental chemistry measurement on one (“Deer Springs”) and a LIBS elemental measurement on another (“Taco Peak”).
    For imaging, there were quite a few targets in view making it possible to advance a variety of science goals. The ChemCam remote imager was used for a mosaic on “Wilkerson Butte” to observe the pattern of resistant and recessive layering. Mastcam mosaics explored some distant landforms (“Sandstone Peak,” “Wella’s Peak”) as well as fractures, block shapes and textures, and aeolian ripples closer to the rover (“Tahquitz Peak,” “Mount Islip,” “Vasquez Rocks,” “Dawson Saddle”). Our regular environmental science measurements were made as well, to track atmospheric opacity and dust activity. So our planning sols include an abundance of targets indeed.
    Fun fact: Today’s name “Vasquez Rocks” comes from a site on Earth in Southern California that has been a popular spot for science fiction filming, appearing in several episodes of “Star Trek” going back to the original series!
    Written by Lucy Lim, Participating Scientist at Goddard Space Flight Center

    MIL OSI USA News

  • MIL-OSI USA: United Natural Trading LLC Announces Allergy Alert for Undeclared Milk in Fresh Direct Dark Chocolate Covered Pretzels

    Source: US Food and Drug Administration

    Summary

    Company Announcement Date:
    FDA Publish Date:
    Product Type:
    Food & Beverages
    Snack Food Item
    Allergens
    Reason for Announcement:

    Recall Reason Description

    Undeclared milk

    Company Name:
    United Natural Trading LLC
    Brand Name:

    Brand Name(s)

    Fresh Direct

    Product Description:

    Product Description

    Dark Chocolate Covered Pretzels


    Company Announcement

    FOR IMMEDIATE RELEASE – January 29, 2025 – United Natural Trading LLC, Edison, NJ, is voluntarily recalling Fresh Direct Dark Chocolate Covered Pretzels due to the presence of an undeclared milk allergen. People who have an allergy or severe sensitivity to milk run the risk of serious or life-threatening allergic reaction if they consume this product.

    The date containing products were shipped via online sales via a third-party vendor site, in limited quantities to the Connecticut, New Jersey, and New York areas.

    Description 

    Lot Number 

    Best By Date 

    UPC# 

    Fresh Direct Dark Chocolate Covered Pretzels

    24353

    06/30/2025

    811102026276

    The lot numbers are printed on the back of each retail packaging.

    No illnesses or complaints have been reported to date.

    The issue was discovered during an internal review of label management system as an action item from an internal nonconformance.

    Consumers who have any remaining product with this lot number should not consume it, but rather should discard it. Consumers should retain their online receipts, packaging reflecting lot numbers or any other proof of purchase they may have for a refund. Consumers with questions may contact the company at 732-650-9905, which is open 9:00 am to 5:00 pm (EST) Monday – Friday.


    Company Contact Information

    Consumers:
    732-650-9905

    Product Photos

    MIL OSI USA News

  • MIL-OSI USA: Fuel for California Fires

    Source: NASA

    When hurricane-force winds whipped through Los Angeles County in early January 2025, the hills had ample fuels available to feed a wildland fire. Back-to-back wet years in California led to grasses and chaparral accumulating in the mountains and foothills. Then, warm, dry weather in Los Angeles during the last eight months of 2024 left the vegetation primed to burn.
    On January 7, blazes spread quickly in the hills of Pacific Palisades and Eaton Canyon. Santa Ana winds pushed the fires down hills and into neighborhoods, and the two fires eventually covered 37,000 acres (150 square kilometers). Most of the fire spread in the first day after ignition, a characteristic of “fast fires.” These destructive events are usually propelled by strong winds and burn in the autumn or winter when fuels are exceptionally dry.
    Researchers at the University of California, Los Angeles (UCLA) noted that several factors contributed to the severity of the fires, including a buildup of vegetation between 2022 and into 2024, followed by very warm and dry conditions in summer 2024. The rapid swing from wet to dry—dubbed “hydroclimate whiplash”—can amplify the risk of wildland fires and has become more common in the 21st century.
    From 2022 to early 2024, Southern California received above-average precipitation, said Gavin Madakumbura, a postdoctoral researcher at UCLA. The 2022-2023 water year, which runs from October through September, saw unrelenting atmospheric rivers that delivered torrential rain to California. Much of the 2023-2024 water year was also wet, and rainfall totals for both periods, measured in downtown LA, were nearly twice the long-term average (1877-2024).
    The ample rain allowed vegetation to build up, which is apparent in the map above. It shows a satellite-based index of plant health, or “greenness,” over the meteorological summer before the fires. This metric, known as the Normalized Difference Vegetation Index (NDVI), is based on data collected by the Landsat satellites.
    The map indicates that many parts of Los Angeles County were 30 percent greener than average in summer 2024 (compared to a record from 1991 to 2020). That July, the National Interagency Fire Center warned that “herbaceous fuel loadings” were above normal throughout California, and in some hilly areas, were twice the normal amount.

    Conditions shifted in the last half of 2024. According to Madakumbura and colleagues, the Los Angeles region received no significant rain between May 2024 and early January 2025, which dried out the accumulated vegetation. On January 4, 2025, the Los Angeles Times reported that the downtown area had only one instance in the previous eight months when rainfall exceeded a tenth of an inch—the threshold considered helpful for reducing wildfire risk by keeping plants from drying out. That made it the second-driest May to January on a record that goes back to 1877.
    The landscape’s dryness was made worse by heatwaves that struck the U.S. Southwest in June and July 2024, either breaking or tying temperature records in several cities in California.
    The map above shows moisture relative to normal in the top 40 inches (100 centimeters) of soil, in the “root zone,” on January 7, 2025, the day the Palisades and Eaton fires ignited. The data are from NASA’s SPoRT (Short-term Prediction Research and Transition) Center at Marshall Space Flight Center. The soil moisture in much of Southern California was in the bottom 2 percent of historical records (1981-2013) for that day.
    “This is historically low soil moisture,” said Jonathan Case, a meteorologist with NASA SPoRT who has studied how moisture conditions can contribute to fire risk.
    SPoRT’s Land Information System (SPoRT-LIS) provides 3-kilometer resolution gridded soil moisture products in near real-time to support regional and local modeling and is used by the U.S. Drought Monitor to track drought conditions across the country.
    NASA Earth Observatory images by Michala Garrison, using Landsat data from the U.S. Geological Survey and soil moisture data from NASA’s Short-term Prediction Research and Transition (SPoRT) Center. Story by Emily Cassidy.

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  • MIL-OSI USA: Cybersecurity Vulnerabilities with Certain Patient Monitors from Contec and Epsimed: FDA Safety Communication

    Source: US Food and Drug Administration

    Date Issued: January 30, 2025 

    The U.S. Food and Drug Administration (FDA) is raising awareness among health care providers, health care facilities, patients, and caregivers that cybersecurity vulnerabilities in Contec CMS8000 patient monitors and Epsimed MN-120 patient monitors (which are Contec CMS8000 patient monitors relabeled as MN-120) may put patients at risk after being connected to the internet.

    Three cybersecurity vulnerabilities have been identified:

    • The patient monitor may be remotely controlled by an unauthorized user or not work as intended.
    • The software on the patient monitors includes a backdoor, which may mean that the device or the network to which the device has been connected may have been or could be compromised.
    • Once the patient monitor is connected to the internet, it begins gathering patient data, including personally identifiable information (PII) and protected health information (PHI), and exfiltrating (withdrawing) the data outside of the health care delivery environment.

    These cybersecurity vulnerabilities can allow unauthorized actors to bypass cybersecurity controls, gaining access to and potentially manipulating the device.

    The FDA is not aware of any cybersecurity incidents, injuries, or deaths related to these cybersecurity vulnerabilities at this time. 

    Recommendations for Patients and Caregivers  

    • Talk to your health care provider about whether your device relies on remote monitoring features. Remote monitoring means the device uses an internet connection to allow a health care provider to evaluate patient vital signs from another location (such as a remote monitoring system or central monitoring system).
      • If your health care provider confirms that your device relies on remote monitoring features, unplug the device and stop using it. Talk to your health care provider about finding an alternative patient monitor. 
      • If your device does not rely on remote monitoring features, use only the local monitoring features of the patient monitor. This means unplugging the device’s ethernet cable and disabling wireless (that is, WiFi or cellular) capabilities, so that patient vital signs are only observed by a caregiver or health care provider in the physical presence of a patient. 
        • If you cannot disable the wireless capabilities, unplug the device and stop using it. Talk to your health care provider about finding an alternative patient monitor.   
    • Be aware the FDA is not aware of any cybersecurity incidents, injuries, or deaths related to this vulnerability at this time.
    • Report any problems or complications with your Contec CMS8000 patient monitor or Epsimed MN-120 patient monitor to the FDA. 

    Recommendations for Health Care Providers

    • Work with health care facility staff to determine if a patient’s Contec CMS8000 patient monitor or Epsimed MN-120 patient monitor may be affected and how to reduce any associated risk.  
    • Read and follow the recommendations for patients and caregivers in this safety communication. 
    • Check the Contec CMS8000 patient monitors and Epsimed MN-120 patient monitors for any signs of unusual functioning, such as inconsistencies between the displayed patient vitals and the patient’s actual physical state. 
    • Report any problems with your Contec CMS8000 patient monitor or Epsimed MN-120 patient monitor to the FDA. 

    Recommendations for Health Care Facility Staff (including Information Technology (IT) and Cybersecurity Staff)  

    • Use only the local monitoring features of the device.
      • If your patient monitor relies on remote monitoring features, unplug the device and stop using it. 
      • If your device does not rely on remote monitoring features, unplug the device’s ethernet cable and disable wireless (that is, WiFi or cellular) capabilities. If you cannot disable the wireless capabilities, then continuing to use the device will expose the device to the backdoor and possible continued patient data exfiltration.
    • Review the Cybersecurity and Infrastructure Security Agency (CISA) “Mitigations” section in the vulnerabilities related advisory.  
    • Be aware, at this time there is no software patch available to help mitigate this risk.
    • Check the Contec CMS8000 patient monitors and Epsimed MN-120 patient monitors for any signs of unusual functioning, such as inconsistencies between the displayed patient vitals and the patient’s actual physical state. 
    • Report any problems with your Contec CMS8000 patient monitor or Epsimed MN-120 patient monitor to the FDA.

    Device Description

    Patient monitors are used in health care and home settings for displaying information, such as the vital signs of a patient, including temperature, heartbeat, and blood pressure.

    Cybersecurity Vulnerabilities May Affect Contec CMS8000 and Epsimed MN-120 Patient Monitors

    Three cybersecurity vulnerabilities have been identified, whose potential impacts fall into two main categories. A vulnerable device could be exploited to:

    • Deny access to the device, such as cause the device to crash and be unable to work as intended.
    • Take over the device to remotely control it to perform unexpected or undesired actions, such as corrupting the data.

    The vulnerabilities could allow all vulnerable Contec and Epsimed patient monitors on a given network to be exploited at the same time.

    Additionally, the software on the patient monitors includes a backdoor. “Backdoor” is the term used to describe hidden functionality that device users are not told about and can allow unauthorized actors to bypass cybersecurity controls. The unauthorized actors could access and potentially manipulate the device. Given the backdoor, the device and/or the network to which the device has been connected may have been or could be compromised.

    Also, the FDA has authorized these patient monitors only for wired functionality (that is, ethernet connectivity). However, the FDA is aware that some patient monitors may be available with wireless (that is, WiFi or cellular) capabilities without FDA authorization.

    The Cybersecurity and Infrastructure Security Agency (CISA) has identified that once the patient monitor is connected to the internet, it begins gathering and exfiltrating (withdrawing) patient data outside of the health care delivery environment, including when the device is used in a home setting. The FDA and CISA continue to work with Contec to correct these vulnerabilities as soon as possible.

    Unique Device Identifier (UDI)

    The unique device identifier helps identify individual medical devices, including patient monitors, sold in the United States from manufacturing through distribution to patient use. The UDI allows for more accurate reporting, reviewing, and analyzing of adverse event reports so that devices can be identified, and problems potentially corrected more quickly.

    You can identify the devices affected by checking the unique device identifier (UDI), which is a unique numeric or alphanumeric code that generally includes a device identifier (DI) that identifies the labeler and the specific version or model of a device.

    Brand Name Version or Model UDI-DI
    Contec CMS8000  06945040100034
    Epsimed MN-120 N/A

    FDA Actions 

    The FDA takes seriously any reports of cybersecurity vulnerabilities in medical devices and will continue to work with Contec and CISA to correct these vulnerabilities as soon as possible.

    The FDA will continue to assess new information concerning the vulnerabilities and will keep the public informed if significant new information becomes available.

    Read more about medical device cybersecurity.

    Reporting Problems with Your Device

    If you think you had a problem with a Contec CMS8000 or Epsimed MN-120 patient monitors, the FDA encourages you to report the problem through the MedWatch Voluntary Reporting Form.

    Health care personnel employed by facilities that are subject to the FDA’s user facility reporting requirements should follow the reporting procedures established by their facilities.

    Questions?

    If you have questions,

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