Category: KB

  • MIL-OSI USA: SPHEREx’s Concentric Cones

    Source: NASA

    NASA’s SPHEREx (Spectro-Photometer for the History of the Universe, Epoch of Reionization and Ices Explorer) observatory rests horizontally in this April 2024 image taken at BAE Systems in Boulder, Colorado. This orientation shows the observatory’s three layers of photon shields – the metallic concentric cones.
    Over a two-year planned mission, the SPHEREx Observatory will collect data on more than 450 million galaxies along with more than 100 million stars in the Milky Way in order to explore the origins of the universe.
    Tune in at 12 p.m. EST Jan. 31, 2025, to hear agency experts preview the mission. SPHEREx is targeted to launch no earlier than Feb. 27, 2025.
    Image credit: NASA/JPL-Caltech/BAE Systems

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom announces appointments 1.30.25

    Source: US State of California 2

    Jan 30, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Jacqueline Yannacci, of Folsom, has been appointed Executive Director of California Volunteers in the Governor’s Office of Service and Community Engagement, where she has been Chief Program Officer since 2020. Yannacci was a Consultant at Jacy Consulting from 2018 to 2020. She held several positions at American Red Cross from 2006 to 2018, including Director of Community Mobilization and Partnerships, Program Manager for Community Resilience, Program Manager for Behavioral Health, and Officer of Mental Health. Yannacci was Program Manager for Knowledge Management at NRI, Inc., from 2005 to 2006, where she was previously Research Associate from 2003 to 2005. She was a Research Associate at Drug Strategies from 1993 to 2003. Yannacci earned a Master of Public Policy degree from American University, and Bachelor of Science degree in Behavioral Science and Psychology from Pennsylvania State University. This position does not require Senate confirmation, and the compensation is $186,792. Yannacci is a Democrat.

    Leticia Palamidessi, of West Sacramento, has been appointed Deputy Director of Communications at the Governor’s Office of Land Use and Climate Innovation, where she has been a Supervising Communications Officer since and Lead Communications Officer to the Executive Director at the California Strategic Growth Council since 2024. From 2020 to 2024, Palamidessi was an Executive Marketing Specialist at the California Department of Fish and Wildlife, and prior to that she was an Information Officer for the California Department of Water Resources where she led outreach for the Climate Change Program, Division of Environmental Services, and Division of Engineering. Prior to state service, Palamidessi spent more than a decade elevating community voices and highlighting issues impacting Californians as a member of the media at various new organizations throughout Northern California – including being a General Assignment Reporter and Traffic Anchor for KCRA Channel 3 from 2017 to 2020. She is a California native and product of the state’s junior college and CSU systems, obtaining a Bachelor of Arts degree in Journalism from California State University, Sacramento. This position does not require Senate confirmation, and the compensation is $141,420. Palamidessi is registered without party preference.

    Carol Dahmen-Eckery, of Carmichael, has been appointed Chief of Strategic Communications at the California High-Speed Rail Authority. Dahmen-Eckery has been Chief Executive Officer of CDE Strategies since 2023. She was Senior Political Manager at Effectv from 2005 to 2022. Dahmen-Eckery was Communications Director at the California Secretary of State’s Office from 2004 to 2005. She was Deputy Communications Director in the Office of Governor Davis from 1999 to 2003. Dahmen-Eckery was Deputy Director of Advance for Gray Davis for Governor from 1998 to 2002. She is a member of the American Association of Political Consultants Board of Directors. Dahmen-Eckery earned a Bachelor of Arts degree in Journalism and Government from California State University, Sacramento. This position does not require Senate confirmation, and the compensation is $170,004. Dahmen-Eckery is a Democrat.

    Dr. Sergio Aguilar-Gaxiola, of Sacramento, has been appointed to the Protect Access to Health Care Act Stakeholder Advisory Committee. Dr. Aguilar-Gaxiola has been a Professor of Clinical Internal Medicine and Founder and Director at the Center of Reducing Health Disparities at University of California, Davis School of Medicine since 2005, and Director of the Community Engagement Program at the Clinical and Translational Science Center since 2006. He was Co-Director at the Latino Aging Research and Resource Center from 2012 to 2016. Dr. Aguilar-Gaxiola was a Professor of Psychology at California State University, Fresno from 1990 to 2005. He is a member of the Governor’s Council on Physical Fitness and Mental Well-Being. Dr. Aguilar-Gaxiola earned a Doctor of Philosophy degree in Clinical-Community Psychology from Vanderbilt University, a Master of Science degree in Psychology from Vanderbilt University, and a Doctor of Medicine degree from Autonomous University of Guadalajara. This position does not require Senate confirmation, and there is no compensation. Dr. Aguilar-Gaxiola is a Democrat.

    Tam Ma, of Sacramento, has been appointed to the Protect Access to Health Care Act Stakeholder Advisory Committee. Ma has been Associate Vice President for Health Policy and Regulatory Affairs at the University of California Office of the President since 2022. She was a Deputy Legislative Secretary at the Office of Governor Gavin Newsom from 2019 to 2022. Ma was a Lecturer at the University of California, Davis School of Law in 2022. She was an Assistant Secretary at the California Health and Human Services Agency from 2018 to 2019. Ma was Legal and Policy Director at Health Access California from 2015 to 2018. She was a Principal Consultant for the Office of Senator Mark Leno at the California State Senate from 2013 to 2015. Ma was a Lecturer at University of California, Berkeley School of Law in 2014. She was an Attorney at Legal Services of Northern California from 2011 to 2013. Ma was a California Senate Fellow and Policy Consultant for the Office of Senator Sheila Kuehl at the California State Senate from 2002 to 2008. She is a Member of the Board of Directors of the Berkeley Law Alumni Association. She earned a Juris Doctor degree and a Bachelor of Arts degree in Political Science from University of California, Berkeley. This position does not require Senate confirmation, and there is no compensation. Ma is a Democrat.
     
    Amy Moy, of Portola Valley, has been appointed to the Protect Access to Health Care Act Stakeholder Advisory Committee. Moy has been Co-Chief Executive Officer at Essential Access Health since 2022, where she was previously Chief External Affairs Officer from 2019 to 2022 and Vice President of Public Affairs from 2011 to 2019. She was a Public Affairs and Community Engagement Strategist for the Women’s Funding Network from 2009 to 2011. Moy was Associate Vice President of Public Affairs at the Planned Parenthood Golden Gate from 2003 to 2009 and Director of the Planned Parenthood Golden Gate Action Fund from 2004 to 2009. She held several roles at Planned Parenthood of New York City from 1999 to 2003, including Director of Community Affairs, Grassroots Manager, and Media Relations Associate. Moy is a member of the Executive Committee of the Family Planning Councils of America. She earned a Bachelor of Arts degree in Communications from Ithaca College. This position does not require Senate confirmation, and there is no compensation. Moy is a Democrat.

    Kristen Cerf, of Nevada County, has been appointed to the Protect Access to Health Care Act Stakeholder Advisory Committee. Cerf has been President and Chief Executive Officer at Blue Shield of California Promise Health Plan since 2020, where she has held several positions there and at Blue Shield of California since 2016, including Vice President of Medi-Cal Growth Strategy, Chief Legal Officer, and Associate General Counsel. She held several roles at Molina Healthcare from 2010 to 2015, including Associate Vice President and Assistant General Counsel, Senior Associate General Counsel and Associate General Counsel. Cerf was an Associate Attorney at Locke Lord LLP from 2007 to 2010. She held several roles at the California Department of Managed Care from 2004 to 2006, including Licensing Counsel, Graduate Legal Assistant and Senior Law Clerk. Cerf is a Board Member of Project Angel Food. She earned a Juris Doctor degree from the University of the Pacific, McGeorge School of Law and a Bachelor of Science degree in Microbiology from University of California, Davis. This position does not require Senate confirmation, and there is no compensation. Cerf is a Democrat.

    Dr. Irving Ayala-Rodriguez, of Bakersfield, has been appointed to the Protect Access to Health Care Act Stakeholder Advisory Committee. Dr. Ayala-Rodriguez has been Chief Medical Officer with Clinica Sierra Vista since 2022, where he previously served as a Walk-In Clinic Director and Associate Medical Director from 2020 to 2022. He was a Family Medicine Resident at the University of California, Los Angeles from 2016 to 2019. Dr. Ayala-Rodriguez has served on the California Medical Board since 2024. He earned a Doctor of Medicine degree from the Autonomous University of Guadalajara. This position does not require Senate confirmation, and there is no compensation. Dr. Ayala-Rodriguez is a Democrat.

    Press Releases, Recent News

    Recent news

    News What you need to know: Governor Newsom is deploying resources and thousands of personnel to communities throughout Northern California in anticipation of a potentially major storm system. SACRAMENTO – With an atmospheric river expected to arrive in Northern…

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring January 30, 2025, as Fred Korematsu Day.The text of the proclamation and a copy can be found below: PROCLAMATION Fred Korematsu did not set out to become a civil rights hero, but…

    News What you need to know: As part of ongoing actions to help support workers and businesses impacted by the Los Angeles area fires, Governor Newsom is issuing an executive order to defer licensing fees and streamline requirements for certain small businesses. The…

    MIL OSI USA News

  • MIL-OSI USA: California readies for incoming winter storm: Governor Newsom pre-deploys resources to protect communities

    Source: US State of California 2

    Jan 30, 2025

    What you need to know: Governor Newsom is deploying resources and thousands of personnel to communities throughout Northern California in anticipation of a potentially major storm system.

    SACRAMENTO – With an atmospheric river expected to arrive in Northern California this weekend, California is pre-deploying resources – including thousands of personnel – to help protect communities from storm impacts.

    Governor Gavin Newsom has directed the Governor’s Office of Emergency Services (Cal OES) to coordinate state and local partners to deploy emergency resources to support impacted communities. State officials are urging people to take precautions now before the storm arrives.

    National Weather Service Sacramento is forecasting a moderate to strong atmospheric river to begin Friday and continue into next week. Prolonged periods of rain and mountain snow are expected, with the potential for flash flooding and rising creeks, rivers, and streams. 

    We know from experience that these storms can pack a punch. California is pre-deploying resources and thousands of boots on the ground throughout Northern California so we can be ready at a moment’s notice to protect people. The best thing people can do now is to prepare and stay alert.

    Governor Gavin Newsom

    Cal OES is monitoring weather impacts and working closely with local areas that are forecasted to be affected. In particular, the state is closely monitoring recent burn scar areas that pose the threat of mudslides and debris flows. Together, the state is preparing:

    • The State-Federal Flood Operations Center is monitoring forecasts and coordinating with partners.
    • In collaboration with the California-Nevada River Forecast Center (CNRFC), DWR engineers and CNRFC hydrologists are conducting river forecasts up to four times a day.
    • DWR has pre-positioned flood fight materials in Northern and Central California including over 3.7 million burlap sandbags and 162 flood fight material containers across 25 counties.
    • The flood control system is working as intended with flood space available throughout the system. Water can move throughout California’s flood control system including natural weirs overtopping, water in the region’s bypasses, and potential use of spillways at reservoirs.
    • Caltrans has 2,500 personnel and 1,253 pieces of storm equipment including snowplows, backhoes, and storm drain clearing equipment.
    • 133 CAL FIRE engines and 7 CAL FIRE hand crews staffed across the northern region that are ready to respond.

    An atmospheric river could bring an increased risk of power outages, flooding in small streams and low-lying areas, and debris, rocks and mudslides on roadways.

    Cal OES is encouraging residents to reduce injury risks from falling limbs and trees by staying inside, not driving through flooded roadways and preparing in advance for power outages.

    Residents in the affected counties are urged to stay informed and listen to local authorities about actions they should take including evacuation orders or safety recommendations. In burn scar areas, officials recommend preparing for possible sudden debris flows by having a go-bag packed and knowing evacuation routes.

    Go to ready.ca.gov for tips to prepare for the incoming storm.

    Press Releases, Recent News

    Recent news

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring January 30, 2025, as Fred Korematsu Day.The text of the proclamation and a copy can be found below: PROCLAMATION Fred Korematsu did not set out to become a civil rights hero, but…

    News What you need to know: As part of ongoing actions to help support workers and businesses impacted by the Los Angeles area fires, Governor Newsom is issuing an executive order to defer licensing fees and streamline requirements for certain small businesses. The…

    News Los Angeles, California – Governor Gavin Newsom today issued a proclamation declaring January 29, 2025, as Lunar New Year.The text of the proclamation and a copy can be found below: PROCLAMATIONCalifornia joins people throughout the country and around the world…

    MIL OSI USA News

  • MIL-OSI USA: News release from Dept. of Ag on Honolulu egg price data

    Source: US State of Hawaii

    News release from Dept. of Ag on Honolulu egg price data

    Posted on Jan 30, 2025 in Latest Department News, Newsroom

        

         

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

     

    DEPARTMENT OF AGRICULTURE

    ʻOIHANA MAHIʻAI

     

    JOSH GREEN, M.D.
    GOVERNOR

    KE KIAʻĀINA

    SHARON HURD
    CHAIRPERSON

    HAWAIʻI BOARD OF AGRICULTURE

     

    DEAN M. MATSUKAWA
    DEPUTY TO THE CHAIRPERSON

    HAWAIʻI BOARD OF AGRICULTURE

     

    HONOLULU RETAIL EGG PRICE DATA RELEASED

    FOR IMMEDIATE RELEASE                                                       

    NR25-03

    January 30, 2025

     

    HONOLULU – The Hawai‘i Department of Agriculture (HDOA), Market Analysis and News Branch (MANB) has released data on retail egg prices in Honolulu, comparing prices between December 2021 and 2024.

    The data indicates that between 2021 and 2024, the price for a dozen locally produced eggs rose by 28.4% from $6.91 to $8.87 while the price of imported mainland eggs increased by 51.8% from $5.50 to $8.35. The increase in the price of mainland eggs can be mainly attributed to the highly pathogenic avian influenza (HPAI) which has impacted egg production across the continental U.S.

    The data collected between 2023 and 2024 show that local egg prices rose by 2.7% while mainland eggs prices rose by 6.2%.

    “The increase in local production of eggs has been closing the price gap with imported mainland eggs,” said Sharon Hurd, chairperson of the Hawai‘i Board of Agriculture. “The avian influenza outbreak on the mainland is another example of why food security in Hawai‘i is so important. Supporting local farmers and ranchers helps to ensure our food supply.”

    While HPAI was detected in two locations on O‘ahu in early November 2024, no further detections of the virus have been confirmed and no Hawai‘i egg production facilities have been involved. Hawai‘i was the last state in the nation to detect HPAI and the likely route of transmission is migratory birds via the Pacific flyway. HDOA continues to work with the local poultry industry to keep HPAI from infecting flocks.

    # # #

    Attachment:     Honolulu Egg Prices 2021 to 2024

    Media Contact:
    Janelle Saneishi
    Public Information Officer
    Hawaiʻi Department of Agriculture
    Phone: 808-973-9560
    Cell: 808-341-5528
    Email:
    [email protected]
    Website:
    http://hdoa.hawaii.gov

    Aloha,

    Janelle Saneishi

    Public Information Officer

    Hawai‘i Department of Agriculture
    ph: (808) 973-9560
    email: [email protected]

    Website: https://hdoa.hawaii.gov/

     

     

    Confidentiality Notice:  This e-mail message, including any attachments, is for the sole use of the intended recipient(s) and may contain confidential and/or privileged information.  Any review, use, disclosure, or distribution by unintended recipients is prohibited.  If you are not the intended recipient(s), please contact the sender by reply e-mail and destroy all copies of the original message.

     

    MIL OSI USA News

  • MIL-OSI USA: Office of the Governor – News Release – ACTING GOVERNOR LUKE SIGNS EMERGENCY PROCLAMATION FOR JANUARY 2025 LOW-PRESSURE WEATHER SYSTEM

    Source: US State of Hawaii

    Office of the Governor – News Release – ACTING GOVERNOR LUKE SIGNS EMERGENCY PROCLAMATION FOR JANUARY 2025 LOW-PRESSURE WEATHER SYSTEM

    Posted on Jan 30, 2025 in Latest Department News, Newsroom, Office of the Governor Press Releases

    STATE OF HAWAIʻI
    KA MOKU ʻĀINA O HAWAIʻI

    JOSH GREEN, M.D.
    GOVERNOR
    KE KIAʻĀINA

    ACTING GOVERNOR LUKE SIGNS EMERGENCY PROCLAMATION FOR JANUARY 2025 LOW-PRESSURE WEATHER SYSTEM

    FOR IMMEDIATE RELEASE
    January 30, 2025

    HONOLULU – Lieutenant Governor Sylvia Luke, serving as Acting Governor, has signed an Emergency Proclamation in response to a low-pressure weather system affecting the Hawaiian Islands.

    The Emergency Proclamation will remain in effect through Monday, February 3, unless terminated or superseded. The declaration enables rapid deployment of resources to address potential impacts, including high winds, heavy rainfall and other hazardous conditions associated with the system.

    “This proclamation allows us to respond quickly to changing conditions and provide the necessary resources to protect our communities,” said Acting Governor Luke. “We urge residents to stay informed, exercise caution and prepare for potential impacts from this weather system.”

    The public is advised to take necessary precautions, including securing outdoor objects, avoiding unnecessary travel in affected areas and staying clear of flood-prone locations. Residents should monitor updates from the National Weather Service and county emergency management agencies for the latest official forecasts and safety information.

    The proclamation also suspends certain laws that might delay emergency response efforts, ensuring that state and county agencies can act swiftly to protect public safety.

    An executed copy of the Emergency Proclamation can be found here.

    # # #

    Media Contacts:   

    Shari Nishijima

    Communications Director

    Office of the Lieutenant Governor

    Phone: (808) 978-0867

    Email: [email protected]

    Erika Engle

    Press Secretary

    Office of the Governor, State of Hawai‘i

    Phone: 808-586-0120

    Email: [email protected]

    Makana McClellan

    Director of Communications

    Office of the Governor, State of Hawaiʻi

    Cell: 808-265-0083

    Email: [email protected]

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom proclaims Fred Korematsu Day 2025

    Source: US State of California 2

    Jan 30, 2025

    Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring January 30, 2025, as Fred Korematsu Day.

    The text of the proclamation and a copy can be found below:

    PROCLAMATION

    Fred Korematsu did not set out to become a civil rights hero, but at the age of 23, he made the bold choice to challenge the policy of Japanese internment – and forever altered the course of history. This year, as we commemorate the 106th anniversary of his birth, we reflect on his courageous crusade for civil rights.

    When the United States entered World War II, Korematsu tried to enlist and fight for his country but was turned away. Not long after, under Executive Order 9066, he was one of the more than 120,000 Japanese Americans ordered to report to internment camps. Korematsu defied the order, a brave act of protest that led to his arrest and conviction, which he fought all the way to the Supreme Court.

    Though the Court ultimately ruled against him, Korematsu found vindication forty years later, when a federal court overturned his criminal conviction. In that courtroom, Korematsu said, regarding his case, that “being an American citizen was not enough…you have to look like one, otherwise they say you can’t tell a difference between a loyal and a disloyal American,” asking the government to ensure that such wrongs never happen again.  In 1998, President Bill Clinton awarded Korematsu the Presidential Medal of Freedom.

    Throughout his life, Korematsu worked tirelessly to ensure Americans understood the lessons learned from a dark chapter of our history. Today, as we confront attacks on our fundamental rights and freedoms and hate-fueled violence across the country, it is clear that Korematsu’s extraordinary fight for civil rights is far from over. His legacy is an inspiration and reminder to all of us that we must continue to stand against injustice in our daily lives.

    NOW THEREFORE I, GAVIN NEWSOM, Governor of the State of California, do hereby proclaim January 30, 2025, as “Fred Korematsu Day.”

    IN WITNESS WHEREOF I have hereunto set my hand and caused the Great Seal of the State of California to be affixed this 30th day of January 2025.

    GAVIN NEWSOM

    Governor of California

    ATTEST:

    SHIRLEY N. WEBER, Ph.D.

    Secretary of State                     

    Press Releases

    Recent news

    News What you need to know: As part of ongoing actions to help support workers and businesses impacted by the Los Angeles area fires, Governor Newsom is issuing an executive order to defer licensing fees and streamline requirements for certain small businesses. The…

    News Los Angeles, California – Governor Gavin Newsom today issued a proclamation declaring January 29, 2025, as Lunar New Year.The text of the proclamation and a copy can be found below: PROCLAMATIONCalifornia joins people throughout the country and around the world…

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Deborah Hoffman, of Sacramento, has been appointed Chief Deputy Director at the Office of Tax Appeals. Hoffman has been Special Advisor at the California Department of Veterans Affairs…

    MIL OSI USA News

  • MIL-OSI United Kingdom: New Honorary King’s Counsel welcomed by Lord Chancellor

    Source: United Kingdom – Executive Government & Departments

    His Majesty The King has approved the award of 9 new Honorary King’s Counsel (KC Honoris Causa) in England and Wales.

    His Majesty The King has approved the award of nine new Honorary King’s Counsel (KC Honoris Causa). Their biographies are listed below. Honorary KC is awarded to those who have made a major contribution to the law of England and Wales, outside practice in the courts. 

    The Lord Chancellor will preside over the award ceremony at Westminster Hall in March 2025, where she will formally award the Honorary KC to the successful nominees. 

    Honorary King’s Counsel biographies 

    Professor Martin Dixon  

    Professor Dixon is a legal scholar specialising in real property law. He is the Professor of the Law of Real Property at the University of Cambridge, where he is also Director of the Cambridge Centre for Property Law (CCPL) and a Fellow of Queens’ College. 

    He was nominated for his work on property law through his scholarship, co-authorship of leading practitioner texts, and participation in Law Commission projects. Additionally, for his co-founding of the Modern Studies in Property Law Conference and for his Editorship of The Conveyancer. 

    Rebecca Hilsenrath 

    Rebecca Hilsenrath is a lawyer and public servant with a career spanning corporate law, human rights, and strategic leadership. Currently the interim Parliamentary and Health Service Ombudsman (PHSO), she has served as Chief Executive of the PHSO, Legal Adviser to the Attorney General, and Chief Executive of LawWorks. Previously, she was the Chief Executive Officer and Chief Legal Officer of the Equality and Human Rights Commission (EHRC), where she championed equality and tackled human rights issues.   

    She was nominated for her efforts in promoting diversity in panel counsel appointments for the government and at the EHRC, increasing pro bono contributions in the legal sector, and leading international legal engagement in equality and human rights. 

    Rachel Horman-Brown 

    Rachel Horman-Brown is a solicitor focused on cases involving domestic abuse, stalking, coercive control, and forced marriage. As Director, she leads the Family Department at Watson Ramsbottom Solicitors. She is also the Chair of Paladin, the National Stalking Advocacy Service.   

    She was nominated for her campaigning for policy and legislative changes around stalking, domestic abuse, and violence against women and girls. In addition, for her work with Paladin, where she shaped legislation, including for the creation of coercive control as a specific criminal offence. She has also provided evidence to parliamentary committees and advisory groups, thereby influencing police practices and approaches to trauma. 

    Dr Laura Janes  

    Dr Laura Janes is a solicitor specialising in complex cases involving people detained in the criminal justice and mental health systems. As Legal Director at the Howard League for Penal Reform from 2016 to 2022, she led a legal service for young people in custody and spearheaded challenges against practices such as solitary confinement. She is a consultant solicitor at GT Stewart Solicitors and Scott-Moncrieff and Associates. Laura Janes is an advocate for access to justice, having founded Young Legal Aid Lawyers and held leadership roles in several legal organisations. She holds a professional doctorate in youth justice and teaches law at London South Bank University.  

    She was nominated for her contributions to the legal profession promoting access to justice, her work to drive policy changes, representing vulnerable individuals in prison, advocating for the rights of children and young people in custody and reforms to the IPP sentence.   

    Susanna McGibbon  

    Susanna McGibbon is an employed barrister and the current Treasury Solicitor, HM Procurator General and Permanent Secretary of the Government Legal Department (GLD). As the most senior Civil Service lawyer she is head of the Government Legal Profession. Her previous roles include serving as Director of GLD Litigation Group, Legal Director at the Department for Communities and Local Government and Legal Director at the Department for Business, Innovation and Skills. She is a Bencher of Lincoln’s Inn and this year holds the office of Keeper of the Walks. 

    Ms McGibbon was nominated for her legal advice on complex and sensitive issues within government especially in public and administrative law and national security. Also, for her leadership in a range of high-profile cases and inquiries and for her advocacy for diversity and inclusion across the legal profession.   

    Professor Renato Nazzini  

    Professor Nazzini is a legal scholar focusing on competition law, commercial arbitration, and construction law. He is the Director of the Centre of Construction Law and Dispute Resolution at King’s College London and a partner at LMS Legal LLP.   

    He was nominated for his contributions to competition law by developing policies on collective actions and abuse of dominance, influencing the Consumer Rights Act 2015 and the 2008 European Commission Guidance on Article 102. He has also contributed to construction law, including by leading the Centre of Construction Law and Dispute Resolution at King’s College London, producing reports on construction adjudication and promoting diversity within the field.    

    Susan Willman  

    Susan Willman (known as Sue Willman) is a solicitor specialising in public interest litigation, focusing on human rights, environmental justice, and migrants’ rights. She is a senior consultant at legal aid firm, Deighton Pierce Glynn, and has led cases addressing systemic social and environmental injustices. She is also employed by the Dickson Poon School of Law, King’s College, London as a Senior Lecturer, and Assistant Director of the King’s Legal Clinic. She has held key leadership roles, including Chair of the Law Society Human Rights Committee.    

    She was nominated for founding the Asylum Support Appeals Project (ASAP), providing free representation to destitute asylum-seekers. As well as for publishing articles, authoring a series of textbooks on asylum support, and advising a parliamentary committee on an inquiry to drive legislative reforms. 

    Douglas Wilson OBE 

    Douglas Wilson is a government lawyer currently serving as Director General and Head of the Attorney General’s Office. He has previously held positions such as Director of Legal Affairs and International Relations at GCHQ, Legal Director at the Foreign and Commonwealth Office, and has served in legal and diplomatic roles at UK posts overseas. 

    He was nominated for advising on issues such as Brexit, military operations, and intelligence cooperation, which shaped the law on the use of military force, cyberspace, and investigatory powers. Furthermore, he has promoted effective and inclusive legal practice within government.  

    Professor Adrian Zuckerman 

    Professor Zuckerman is a scholar in civil procedure and evidence law. He is Emeritus Professor of Civil Procedure at the University of Oxford and Emeritus Fellow of University College, Oxford. He is Editor-in-Chief of the Civil Justice Quarterly and a Consultant Editor of Halsbury’s Laws of England. 

    Professor Zuckerman is a prominent commentator on the administration of civil justice. He has influenced legislative policy and judicial practice, notably through contributions to the Woolf Report on Access to Justice, and the Jackson Review of Civil Litigation Costs. He has campaigned for improving access to court and for making justice available to all at proportionate cost. His work on criminal evidence refocused evidence scholarship around fundamental normative principles. 

    He was nominated for his contributions to the Civil Procedure Rules in England and Wales. His academic work, particularly “Zuckerman on Civil Procedure,” is cited in courts across the common law world. 

    Further information 

    Honorary KC is awarded by HM The King, on the advice of the Lord Chancellor. The Lord Chancellor is advised by a selection panel of senior representatives from across the legal sector, civil service, judiciary, and academia. More information about the purpose of the award can be found on GOV.UK. 

    For further information, please contact the Ministry of Justice press office. Follow us @MoJGovUK. 

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Court charges tenant £7,964.75 for failed disrepair complaint

    Source: City of York

    Published Friday, 31 January 2025

    Council tenants are being reminded to report repairs to their landlord as ‘no win, no fee’ legal firms target York tenants and a judge orders an unsuccessful disrepair claimant to pay £7,964.75 costs.

    The Council’s reminder follows a campaign advising its tenants to tell City of York Council about any concerns with repairs so they can be put right. It also comes during another rise in housing disrepair claims brought by firms of solicitors on behalf of housing tenants. Some of these disrepair claims have failed in court, with tenants being ordered to pay £1,000s in costs.

    These ‘no win no fee’ legal firms press tenants to make claims against the council for failing to repair their home or not doing it well enough. Unsolicited and unaccredited ‘surveyors’ have been reported going door to door, cajoling tenants to make compensation claims against their landlord. They then sell this information on to legal firms for their own gain, with some suggesting that they work for the Council, when they do not. 

    A ‘no win, no fee’ case by a tenant against the Council was heard in York County Court this month (January 2025). It was dismissed by the District Judge who ordered the unsuccessful tenant to pay costs of £7,964.75.

    This follows another unsuccessful ‘no win, no fee’ case against the Council in 2023 which left that tenant being ordered by a judge to pay costs of £10,409.72.

    Any tenant approached by people touting for this work is urged to:

    • talk to your Housing Management Officer (HMO) first!
    • call the police if they feel scared or threatened
    • always ask to see identification and check it
    • call Trading Standards on 0808 223 1133 if these workers at the doorstep claim to be from the Council.

    Councillor Michael Pavlovic, Executive Member for Housing, Planning and Safer Communities said: “We strive to get repairs done quickly and efficiently and 86% of them are completed on a first visit. Our tenants are always invited to talk to officers about any repairs needed, or any delay or dissatisfaction with them.

    “We are committed to making good any repairs for which we are responsible, and our ongoing and significant housing repair programme is upgrading and modernising homes.

    “These claims against the Council mean that everyone loses – except for these legal firms – and have left tenants owing £1,000s in court costs. The time and money spent by the Council to defend these claims could be better invested in tenants’ homes.”

    Any council tenant who feels their home needs a repair or if there’s a problem with a repair, please call the Council first on 01904 551550 (option 4, option 1). Our team will ensure you get the right support.

    Anyone unhappy about how we have responded to a request for a repair, or how we have carried out one, should please tell us first.

    All concerns will be assessed and handled impartially. Find out more here or email your concerns.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Aberdeen in 2025 Britain in Bloom finals!

    Source: Scotland – City of Aberdeen

    Aberdeen is in the 2025 finals of the prestigious Britain in Bloom competition hoping to add yet another flower crown to the city’s successes over the decades.

    Last year, Aberdeen won the overall best in Scotland award – the Rosebowl – along with the City Trophy, the Royal Caledonian Horticultural Society Award, the VisitScotland Award for Tourism and a Gold Medal Certificate, at the Beautiful Scotland Awards. In 2023, the city won gold in Britain in Bloom. In 2022, and 2021, Aberdeen won gold in the ‘City’ category in Beautiful Scotland and was also crowned Overall Joint overall winner in 2022. In 2020, Aberdeen was a finalist for Champion of Champions award in Britain in Bloom but the competition was cancelled due to the pandemic.

    Aberdeen has won a medal in either Britain in Bloom or Beautiful Scotland every year since 2008 and has been award-winning in the competitions since 1964. Aberdeen City Council this year is also celebrating 61 years competing in Britain in Bloom and Beautiful Scotland.

    Aberdeen City Council In Bloom Champion Councillor Neil MacGregor said: “It truly is an accolade for the city to be in the finals of Britain in Bloom.

    “This is thanks to the great work carried out by our enthusiastic gardeners and greenkeepers as well as all the amazing community organisations, groups and individuals who help to continue make Aberdeen’s green spaces beautiful along with support from Keep Scotland Beautiful.

    “It is fantastic that we will be welcoming Britain in Bloom judges back into the city in the summer and we look forward to showing them around including meeting many of the people involved in ensuring our green areas look great.”

    Britain in Bloom is organised by the Royal Horticultural Society (RHS) and is the top gardening competition for councils and other community organisations across the UK. Major winners from regional competitions including Beautiful Scotland are put forward for the UK-wide finals.

    The city will be judged on its horticulture which is amazing parks and green spaces, community involvement which is all the fantastic green partners and volunteers including Friends groups, schools, businesses, community groups and the thousands of volunteers who help out, and environmental responsibility which is the work carried out for the Council’s climate plan, carbon reduction, and other similar projects.

    The winners for the various categories will be announced at an awards event in the autumn.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: City centre – updates for St Mary’s Boulevard

    Source: City of Sunderland

    Highway works to help improve road, pedestrian and cycling safety, and support ongoing developments at Riverside Sunderland, are getting underway.

    Works are on St Mary’s Boulevard alongside St Mary’s multi-storey car park and the Holiday Inn hotel.

    The first section of works will see one of the three eastbound lanes next to the multi-storey reallocated to increase the width of the shared footway for pedestrians and cyclists. This is to help make it safer and reduce conflict between pedestrians and cyclists at the multi-storey’s pedestrian entrance.

    The box junction and traffic lights next to the multi-storey will remain. Work, beginning after peak journey hours on Monday 3 February, is expected to take around eight weeks to complete.

    A second set of works is then scheduled on the westbound carriageway of the boulevard alongside the Holiday Inn. This is to introduce a taxi lay-by and improve pedestrian and cycle connectivity at the crossing point between Keel Square, City Hall and to the new Wear footbridge which is due to open this summer.

    This second set of works is expected to also take around eight weeks and all works to be completed by June. Traffic management will be in place throughout the works to minimise any possible disruption.

    Sunderland City Council’s Cabinet Member for Environment, Transport and Net Zero, Councillor Lindsey Leonard said: “As we continue to deliver one of the UK’s most ambitious regeneration projects at Riverside Sunderland, we’re seeing more people living, visiting and working in our city centre.

    “Footfall will increase significantly when Maker and Faber, the new footbridge, and Culture House open later this year and as development of the new Sunderland Eye Hospital, Vaux housing and Riverside Park continue at pace.

    “We can also anticipate more pedestrians as we look forward to being a host city for the women’s rugby World Cup.

    “We’re implementing these changes now to help encourage sustainable travel and improve safety for pedestrians, cyclists and other highways users.

    “In addition, these changes support the delivery of our low carbon framework and City Plan that is creating a more dynamic, healthy, vibrant and smart Sunderland for all residents, businesses and visitors.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: New parking charges to help safeguard frontline services to residents

    Source: City of Norwich

    Published on Friday, 31st January 2025

    Fees for parking in the city’s surface and multi-storey parking facilities will change at the end of March.

    The increase will generate an additional £300,000, enabling the council to continue investing in vital frontline services that our residents rely on us to provide. The money raised from these car parks has helped the council to avoid making cuts to services in the next financial year.

    Based on a typical parking stay of between one and two hours, the increase will be 10-20 pence.

    Season ticket prices will also increase, but on-street residential parking permits will remail unchanged. Blue Badge holders will continue to receive a 50% discount.

    As non-residents travelling from outside the city are subject to the same charges, it means they also contribute to the running costs of the city council’s services.

    Next year the council will spend around £100 million on vital services across the city. While funding from central government has gone down, the cost of things like energy and materials has gone up due to inflation.

    Councillor Emma Hampton, cabinet member for a climate responsive Norwich, said: “Increasing fees for our services is always a last resort. With funding from central government dwindling, and the cost of things like energy and materials going up due to inflation, we are under financial pressure to do more with less – like all local council up and down the country.

    “The cost-of-living crisis has also meant more people need our help, creating extra demand for council services. 

    “Despite these really difficult budget challenges, the city council has a strong record of sound financial management and that means we’ve been able to find a way to ensure that there will be no cuts to frontline services in the next financial year.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: North Cornwall coast path improvements completed

    Source: United Kingdom – Government Statements

    The path around the South West’s glorious coastline is further enhanced thanks to improvements to the Marsland Mouth to Newquay section in Cornwall.

    Walking the coast path from Pentire Point towards Polzeath

    These works form part of a national programme to create a coastal path around the whole of England. Once completed this will be the longest managed coastal walking route in the world and the UK’s longest National Trail.

    Stretching from Marsland Mouth on the North Cornwall coast down to Newquay, some 75 miles in total, the path follows the route of the existing South West Coast Path (SWCP) National Trail, beginning at the border with Devon and stretching to the railway station in Newquay.

    For anyone walking the path, there is plenty to see, with towns and villages such as Bude, Boscastle, Tintagel, Port Isaac, Polzeath, Padstow and Mawgan Porth.  Plus, the path passes by the historic highlights of Crackington Haven, Tintagel Castle, the Rumps at Pentire with its Bronze age burial mounds, the Camel Estuary (including the ferry), Trevose Head and its lighthouse and Bedruthan Steps.  In addition, there are glorious sandy beaches to stop off throughout the route.

    Making the path line up with the sea

    In establishing the new trail, Natural England has sought to improve the alignment of the SWCP where possible or move it closer to the sea. For example, at Penhalt Cliff it has been taken off road on to farmland, improving safety for walkers and drivers. For the first time wider coastal access rights on foot have been established between the trail and the sea, including cliff tops and beaches.  

    It also brings legal provision for the trail to ‘roll back’ in response to coastal erosion, thereby securing people’s rights into the future and protecting the investment being made now. You will still encounter steep climbs and descents as well as gently undulating walking along the cliff tops.

    Boscastle harbour viewed from the coast path

    Better alignment, better surfacing, better drainage

    Andrea Ayres, Deputy Area Director for Natural England said:

    This improved stretch of path takes in some of the best views in the South West and much-loved places that have been attracting visitors for many years.

    With the improvements to the path and the additional access rights, we hope it will continue to give people the chance to get out and enjoy nature, as well as continue to bring visitors to the county, since tourism is so vital to the local economy.

    While much of Cornwall’s 300-mile section of the South West Coast Path is owned by private landowners and organisations, the path is managed by Cornwall Council. The council and Cormac have worked to deliver the improvements on this stretch.

    Martyn Alvey, Cornwall Council cabinet portfolio holder for environment, said:

    The South West Coast Path is a wonderful asset popular with local residents and visitors alike, but by its very nature, is susceptible to the elements and coastal erosion.

    This funding has meant we have been able to make significant improvements to the path in Cornwall, bringing forward many projects which may otherwise have been many years away from happening.

    We’ve been able to move inland sections closer to the coast, improve surfacing and drainage, repair paths and realign hazardous sections. It is fantastic to see completion of the Marsland Mouth to Newquay section and I’m sure it will be enjoyed by all for many years to come.

    Julian Gray, Director, South West Coast Path Association (SWCPA) said:

    The King Charles III England Coast Path creates new open access rights around the coast to help connect people to nature. It also gives us new powers to manage the National Trail in the face of coastal erosion, helping us continue to improve the South West Coast Path as one of the world’s great trails.

    What is the King Charles III England Coast Path?

    The King Charles III England Coast Path (KCIIIECP) is a National Trail around the entire coast of England. Existing coastal national trails and other regional walks make up parts of the KCIIIECP and this newly improved stretch of the South West Coast Path forms part of the KCIIIECP.

    You can plan your walk on the KCIIIECP, which follows the enhanced route of the SWCP between Marsland Mouth to Newquay, by visiting the KCIIIECP or the South West Coast Path pages of the National Trails website.

    Background

    The Marine and Coastal Access Act 2009 places a duty on the Secretary of State and Natural England to secure a long-distance walking trail around the open coast of England, together with public access rights to a wider area of land along the way for people to enjoy. 

    Natural England is working at pace to ensure completion of the KCIIIECP. By the end of 2024 it had opened 1,400 miles. Subject to resources we expect to complete the KCIIIECP by spring 2026.

    To plan their visit walkers can access route maps of all opened sections of the King Charles III England Coast Path and any local diversions on the National Trails website. And can check for any restrictions to access on Natural England’s Open Access maps.

    You can promote your business, service, event or place of interest for free on the National Trails website, inspire people to spend more time in your area and benefit from the economic impact of visitors.

    National Trails, marked by the acorn symbol, pass through spectacular scenery, support local tourism and offer a range of routes from short circular walks to long distance challenges.

    King Charles III England Coast Path: 

    We have a map showing progress to complete the King Charles III England Coast Path.

    The King Charles III England Coast Path will be our longest, National Trail, passing through some of our finest countryside, maritime and industrial heritage, coastal settlements and rural locations.

    It will also be the world’s longest managed coastal trail (i.e. the trail is maintained to National Trail standards). It will secure legal rights of public access for the first time to typical coastal land including foreshore, beaches, dunes and cliffs that lies between the trail and the sea.

    Improvements to existing access to the coastline include: 

    • a clear and continuous way-marked walking route along this part of the coast, bringing some sections of the existing coastal footpath closer to the sea and linking some places together for the first time

    • targeted adjustments to make the trail more accessible for people with reduced mobility, where reasonable

    • uniquely amongst our National Trails the KCIIIECP may be moved in response to natural coastal changes, through ‘roll back’ if the coastline erodes or slips, solving the long-standing difficulties of maintaining a continuous route along the coast – and making a true coastal path practicable

    • the legal provision for roll back is proposed to sections of the trail where a need has been foreseen but can be retrospectively applied to other parts of the route if deemed necessary

    • the route of the trail can also be altered through planning proposals and where coastal and flood defence works or habitat creation would impact on the proposed or open route of the KCIIIECP

    • we have a webpage showing progress near you to create the King Charles III England Coast path

    • we work closely with a broad range of national and regional stakeholders around the country including wildlife trusts, National Trust, RSPB, NFU, CLA, RA, OSS, Environment Agency and local authorities

    The Countryside Code is the official guide on how to enjoy nature and treat both it, and the people who live and work there, with respect.  

    For landowners

    Landowners who have KCIIIECP coastal access rights on their land enjoy the lowest liabilities in England. Here is our guidance on managing your land in the coastal margin.

    About Natural England  

    Established in 2006, Natural England is the government’s independent adviser on the natural environment. Our work is focused on enhancing England’s wildlife and landscapes and maximising the benefits they bring to the public. 

    We establish and care for England’s main wildlife and geological sites, ensuring that over 4,000 National Nature Reserves (NNRs) and Sites of Special Scientific Interest are looked after and improved,

    We work to ensure that England’s landscapes are effectively protected, designating England’s National Parks and National Landscapes , and advising widely on their conservation.

    We run Environmental Stewardship and other green farming schemes that deliver over £400 million a year to farmers and landowners, enabling them to enhance the natural environment across two thirds of England’s farmland.

    We fund, manage, and provide scientific expertise for hundreds of conservation projects each year, improving the prospects for thousands of England’s species and habitats.

    We promote access to the wider countryside, helping establish National Trails and coastal trails and ensuring that the public can enjoy and benefit from them.

    For more information, visit our page on how the King Charles III England Coast Path is improving public access to England’s coast

    About the South West Coast Path Association

    The South West Coast Path Association is a charity (Registered Charity Number 1163422) that works to ensure the South West Coast Path is one of the best walks in the world and protects it for all to enjoy. Supporting the charity helps the South West Coast Path Association to improve the South West Coast Path and keeps the way open to beautiful coastal places.

    For more information visit the South West Coast Path Association website.

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom

  • MIL-OSI Security: Man convicted of fatally stabbing Hackney resident following Met investigation

    Source: United Kingdom London Metropolitan Police

    A man has been convicted of fatally stabbing Hackney resident Robert Weston, following an investigation by the Metropolitan Police Service.

    Jaden Sheriff, 20 (22.01.05), of Forston Street, Hackney, was found guilty of murder at the Old Bailey on Thursday, 30 January.

    A jury convicted him of killing 37-year-old Robert Weston, who was stabbed in Hamilton Crescent, Harrow, on Monday, 26 February, 2024.

    DI Devan Taylor, who led the investigation into the murder, said: “This is a tragic case. Robert Weston lost his life, and Jaden Sheriff has to live the rest of his life knowing that he killed a man.

    “He stabbed his victim over what was effectively a neighbourhood dispute. Despite the efforts of paramedics to save his life, Mr Weston was pronounced dead shortly after.

    “This senseless murder has had a devastating impact on the victim’s loved ones. They conducted themselves with great dignity throughout the trial, and my thoughts are with them at this time.”

    Police attended an address Hamilton Crescent around 14:10hrs on 26 February last year. Mr Weston had suffered two stab wounds – one of them to the heart – and, despite the efforts of emergency services, was pronounced dead at the scene.

    In his initial interviews with officers, Sheriff claimed he accidentally stabbed Mr Weston in self-defence, after the victim pulled a knife on him.

    However, police spoke to witnesses, who revealed that the killer set upon Mr Weston following a dispute.

    Forensic evidence revealed that the wounds on Mr Weston could only have been caused by deliberate stabbing to the chest.

    Investigators obtained phone records, which showed that Mr Weston had called 999 on February 23 to complain about Sheriff.

    After an argument with the defendant, Mr Weston told police: ‘I’ve just been threatened in my own house.’

    This was used at trial to illustrate the spiralling relationship between the two men, which culminated in murder days later.

    Sheriff will be sentenced on Friday, 14 February.

    MIL Security OSI

  • MIL-OSI: Interim report for Q1 of 2024/25 (the period 01.10.2024 – 31.12.2024)

    Source: GlobeNewswire (MIL-OSI)

    Nørresundby, Denmark, 31 January 2025
    Announcement no. 03/2025

    Q1 DELIVERS IMPROVED REVENUE AND GROSS MARGIN COMPARED TO Q1 LAST YEAR.

    “We observed a significant increase in both revenue and gross margin in Q1 2024/25 compared to Q1 2023/24. Historically, Q1 is the lowest-performing quarter for RTX, as many customers reduce inventories to manage year-end working capital.

    In Q1 2024/25, revenue reached DKK 101 million, with a gross margin of 51%, aligning with both our expectations and the previous quarter’s performance. While maintaining strong gross margins across segments, we remain focused on driving revenue growth.

    Order intake increased in this quarter, which is an encouraging development. With short lead times on orders, our visibility for the full year remains limited. However, the first half of the financial year is expected to show an increase in both revenue and EBITDA compared to last year.”

    Mille Tram Lux

    HIGHLIGHTS

    • Revenue in Q1 2024/25 showed an increase of more than 20% compared to Q1 last year, reaching DKK 101 million compared to DKK 82 million in Q1 2023-24.
    • Gross margin reached a solid level of 51% for Q1 2024/25 compared to 39% in Q1 2023/24.
    • Q1 2024/25 showed an increase in new orders compared to previous quarter, however still with order horizons of 3-6 months.
    • Contract signed with Henrik Mørck Mogensen, who will take on the role as CEO of RTX from 1st of March 2025.

    OUTLOOK
    RTX confirms the previously announced financial outlook for 2024/25:

    • Revenue DKK 490 to 520 million
    • EBITDA DKK 0 to 20 million
    • EBIT DKK -35 to -15 million

    RTX A/S

    PETER THOSTRUP        MILLE TRAM LUX
    Chair                                CFO

    Investor and analyst conference call
    On Tuesday, 4 February 2025 at 10:00 CET, RTX will hold a conference call for investors and analysts hosted by Danske Bank.

    To register for the conference call, please e-mail vonh@danskebank.dk.

    Enquiries and further information:
    Peter Thostrup, Chair, tel +45 96 32 23 00
    Mille Tram Lux, CFO, tel +45 96 32 23 00

    Attachments

    The MIL Network

  • MIL-OSI: JLT Mobile Computers AB nomination committee 2025

    Source: GlobeNewswire (MIL-OSI)

    Växjö, Sweden, 31 January 2025 * * * JLT Mobile Computers, announces today that, in accordance with the established principles for appointing JLT Mobile Computers’ Nomination Committee, the company’s major shareholders/shareholder groups have appointed a Nomination Committee, with Emil Hjalmarsson as convener.

    The company’s Nomination Committee shall consist of three members, with one member appointed by each of the three largest shareholders. The members of the Nomination Committee are:

    • Jan Olofsson, representing personal holdings
    • Emil Hjalmarsson, appointed by AB Grenspecialisten
    • Wilhelm Gruvberg, appointed by Alcur Fonder 

    The Nomination Committee has appointed Emil Hjalmarsson as its Chairman.

    The Nomination Committee is responsible for preparing proposals on the following matters to be presented for resolution at the 2025 Annual General Meeting:

    • Proposal for the Chairman of the Annual General Meeting
    • Proposal for Board members
    • Proposal for the Chairman of the Board
    • Proposal for director fees and other remuneration for Board assignments, including compensation for committee work
    • Proposal for the company’s auditor
    • Proposal for auditor’s fees
    • Instructions for the Nomination Committee ahead of the 2025 Annual General Meeting 

    Shareholders who wish to submit proposals to the Nomination Committee may do so via email to Emil Hjalmarsson at emil@grenspecialisten.com or by mail to:

    JLT Mobile Computers nomination committee
    Attn: Emil Hjalmarsson, AB Grenspecialisten
    Box 4042
    203 11 Malmö, Sweden

    Proposals must be submitted no later than February 28, 2025.

    Financial information about JLT is available online on: jltmobile.com/investor-relations/.

    About JLT Mobile Computers

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

    The MIL Network

  • MIL-OSI Economics: Thales to present advanced defence and aerospace innovations at Aero India 2025, reinforcing its ‘Make in India’ commitment

    Source: Thales Group

    Headline: Thales to present advanced defence and aerospace innovations at Aero India 2025, reinforcing its ‘Make in India’ commitment

    • Thales will be present at Aero India 2025 (3.3 in Hall B) to exhibit its cutting-edge capabilities across defence and aerospace.
    • In support of the modernisation and indigenisation ambitions of the Indian armed forces, Thales will reinforce its commitment to “Make in India for India and for the world”, as well as the ‘Aatmanirbhar Bharat’ vision.
    • Thales HR representatives will be available on 13 and 14 February at the stand to engage with engineers and discuss various career opportunities at the company’s engineering centres in Bangalore and Noida

    Thales will showcase its cutting-edge technologies across the defence and aerospace sectors at the 15thedition of Aero India 2025, India’s flagship air show, highlighting the Group’s commitment to ‘Make in India for India and for the world’, aligned with the Aatmanirbhar Bharat vision.

    Empowering India’s defence and aerospace capabilities at Aero India 2025

    Thales offers a comprehensive array of capabilities and services designed to support the Indian armed forces in attaining operational excellence. At Aero India 2025, Thales will showcase its latest capabilities- across air, land and naval defence as well as space, cyber and digital – that are tailored for modern and future needs of the forces.

    Thales provides state-of-the-art equipment on board fighter aircrafts, including the RBE2 AESA radar, the Spectra electronic warfare suite, optronics, the communication, navigation and identification suite (CNI), key cockpit display systems and a logistics support component. The Thales stand at Aero India 2025 will have a dedicated section on these capabilities.

    Thales will also highlight its combat-proven airborne optronics, including TALIOS (Targeting Long-range Identification Optronic System) pod, the 2-in-1 system that delivers unmatched image quality, and the InfraRed Search and Track (IRST) system. Also on display will be Thales’s air defence solutions such as the Lightweight Multi-role Missile (LMM), the STARStreak missile and ForceShield, alongside air surveillance capabilities such as the GM 200 MM/A radar and the SkyView air command and control system.

    For the first time in India, Thales will showcase its innovation in avionics through the FlytX suite for helicopters, in advanced aeronautics navigation systems such as TopAxyz, TopShield and TopStar M. Connectivity solutions such as SYNAPS-A, the airborne member of the SYNAPS software-defined radio family designed to support battlespace digitisation, Modem 21 Air Compact, and the NextW@ve TRA 6030 radio, will also be brought to Aero India this year.

    As a leader in the fast-growing market of Unmanned Aircraft Systems (UAS), Thales will provide an overview of its portfolio of drone solutions, including its EagleShield drone countermeasures (an integrated nano, micro, mini and small drone countermeasures solution to protect and secure civil and military sites); the PARADE system that provides 360° protection of people, properties and activities, optimised for micro and mini UAS, ranging from 100g to 25kg; and Gamekeeper (a holographic radar that allows detection, tracking and classification of unlimited targets simultaneously including micro and mini drones), in addition to its safe and efficient UTM (Unmanned Traffic Management) system for cooperative and non-cooperative drones, to be unveiled for the first time in India.

    Thales will also present its LGR 68 and LGR 70 Laser Guided Rockets that come with laser guidance precision, are jamming-proof and are extremely precise for guiding ammunition to target.

    As part of its underwater solutions for efficient Maritime Security Operations, Thales will feature its Sonoflash sonobuoy, an anti-submarine warfare system that allows the detection, classification and localisation of submarines. It will also showcase the AirMaster C radar- the latest addition to its Air Master range of airborne surveillance radars -that is highly adaptable and can be integrated into both manned and unmanned airborne platforms.

    Thales presents AI systems we can trust at Aero India 2025

    Thales is a major AI player in these complex environments. The company is Europe’s top patent applicant in the field and devotes a lot of effort to research on AI, both in-house and through academic and industry partnerships. The Group, a major player in trusted AI, provides armed forces with greater efficiency in data analysis and decision-making, while taking into account the specific constraints, such as cybersecurity, embeddability and frugality, associated with critical environments. You will be able to see how Thales embarked IA on its solutions such as Talios or AirMaster C radar.

    Expanding its team in India – hiring at Aero India 2025

    Thales is expanding its team in India and seeking engineers in hardware, software and systems for its engineering centres in Bengaluru and Noida. Thales HR executives will be present during the public days of the show on 13 and 14 February 2025 to meet engineers and share various possible career opportunities available.

    “As India progresses towards its Aatmanirbhar Bharat vision, Thales is proud to be a trusted partner in the nation’s ambitious journey. We remain committed to ‘Make in India’ and are advancing our roadmap by strengthening our local teams, collaborations and bringing advanced defence and aerospace technologies to the country. We look forward to continue equipping the Indian armed forces with the next generation of innovative and effective solutions to support their strategic defence ambitions. Aero India 2025 will serve as a key platform for us to present our flagship capabilities and engage with the authorities, forces and our industry partners.” said Pascale Sourisse, President & CEO, Thales International.

    For more details on Thales’s presence at the Aero India 2025, please visit this webpage.

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies specialized in three business domains: Defence, Aerospace and Cyber & Digital. It develops products and solutions that help make the world safer, greener and more inclusive.

    The Group invests close to €4 billion a year in Research & Development, particularly in key innovation areas such as AI, cybersecurity, quantum technologies, cloud technologies and 6G.

    Thales has close to 81,000 employees in 68 countries. In 2023, the Group generated sales of €18.4bn.

    About Thales in India

    Present in India since 1953, Thales is headquartered in Noida and has other operational offices and sites spread across Delhi, Bengaluru and Mumbai, among others. Over 2200 employees are working with Thales and its joint ventures in India. Since the beginning, Thales has been playing an essential role in India’s growth story by sharing its technologies and expertise in Defence, Aerospace and Cybersecurity & Digital Identity markets. Thales has two engineering competence centres in India – one in Noida focused on Cybersecurity & Digital Identity business, while the one in Bengaluru focuses on hardware, software and systems engineering capabilities for both the civil and defence sectors, serving global needs.

    MIL OSI Economics

  • MIL-OSI: Navatar’s A-Game Podcast: Navigating Alternative Investments and the Impact of the Latest Election with New Republic Partners

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and LONDON, Jan. 31, 2025 (GLOBE NEWSWIRE) — Navatar is pleased to announce the latest episode of the A-Game podcast for private markets. In this episode, Alok Misra, CEO of Navatar, and New Republic Partners delve into the evolving landscape of alternative investments, offering valuable insights for family offices and investment professionals. Their discussion covers the impact of the recent election and the new regime on investment strategies.

    New Republic Partners shares their team’s extensive experience in alternative asset funds, discussing the importance of understanding various asset classes and the challenges family offices face in building scalable and sophisticated investment models.
    Listeners will gain a deeper understanding of the operational challenges in managing alternative investments, the potential opportunities in private credit, secondary markets, and venture capital, and the importance of collaboration and partnerships in navigating the alternative investment landscape.

    Don’t miss this opportunity to learn from industry leaders. The entire episode can be viewed here:

    https://www.youtube.com/watch?v=ID7UmNB7hd0&t=2s

    About Navatar
    Navatar (@navatargroup), the CRM platform for alternative assets and investment banking firms, enables investment professionals make informed decisions based on superior proprietary intelligence. Navatar is used by hundreds of firms including private equity funds, M&A boutiques and bulge brackets, fund of funds, multi-asset credit, hedge funds, real estate funds, venture capital firms, corporate development groups, family offices, private placement and other financial services companies. For more information, visit www.navatargroup.com.

    About New Republic Partners
    New Republic Partners (“NRP”) is an innovative investment management and wealth advisory firm serving families, business owners, endowments and foundations. We believe clients benefit from access to investment opportunities usually reserved for large institutional investors and the expertise and experience of a successful and seasoned investment management, wealth advisory and family office solutions team. NRP is headquartered in Charlotte, North Carolina, and serves clients across the U.S. with regional offices. More information is available at New Republic Partners.
    New Republic Capital, LLC (which does business as New Republic Partners) is an investment adviser with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about New Republic Capital’s advisory services can be found in its Form ADV Part 2 and/or Form CRS, both of which are available upon request.

    Sales Team
    Navatar
    sales@navatargroup.com

    The MIL Network

  • MIL-OSI: Banco Santander-Chile Announces Fourth Quarter 2024 Earnings

    Source: GlobeNewswire (MIL-OSI)

    SANTIAGO, Chile, Jan. 31, 2025 (GLOBE NEWSWIRE) — Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its results1 for the twelve-month period ended December 31, 2024, and fourth quarter 2024 (4Q24).

    Strong Financial Performance with ROAE2of 26.0% in 4Q243and 20.2% in 12M244.

    As of December 31, 2024, the Bank’s net income attributable to shareholders totaled $858 billion ($4.55 per share and US$1.83 per ADR), marking a 72.8% increase compared to the same period of the previous year and with an ROAE of 20.2%.

    In 4Q24, net income attributable to shareholders of the Bank totaled $277 billion, increasing 13.7% in the quarter with a quarterly ROAE of 26.0%. This marks the third consecutive quarter with an ROAE above 20%.

    The improvement in results is explained by an increase in the Bank’s main revenue lines. Operating income increased by 34.5% YoY, supported by a stronger interest margin and readjustments.

    Robust NIM5recovery, reaching 3.6% in 2024 and 4.2% in 4Q24.

    Net interest and readjustment income (NII) for the year ended December 31, 2024 increased by 62.1% compared to the same period in 2023. This growth was primarily due to higher net interest income, resulting from a lower monetary policy rate that reduced our funding costs from 6.8% to 4.7% in 12M24. This was partially offset by lower readjustment income due to a smaller variation in the UF compared to the previous year. Consequently, the NIM improved from 2.2% in 2023 to 3.6% in 2024, and further to 4.2% in 4Q24.

    Continued Expansion of Customer Base with a 6.4% YoY Increase in Total Customers and a 5.9% YoY Increase in Digital Customers

    Our strategy to enhance digital products has led to a continued growth in our customer base reaching approximately 4.3 million customers, with over 2.2 million digital customers (88% of our active customers).

    The Bank’s market share in current accounts remains robust at 23.2% as of October 2024, driven by increased customer demand for US dollar current accounts which can be easily opened digitally by our customers. It also demonstrates the success of Getnet’s strategy in encouraging cross-selling of other products such as the Cuenta Pyme Life.

    Customer funds increased 4.7% QoQ and 12.6% since December 2023.

    Customer funds (demand deposits, time deposits and mutual funds) increased by 4.7% QoQ and 12.6% from December 2023, reflecting client growth and fund accumulation. The Bank’s total deposits increased by 5.7% from December 31, 2023, explained by the 5.3% increase in demand deposits and the 6.0% increase in time deposits. In the quarter, total deposits grew by 5.9%, with demand deposits up by 8.7% and time deposits by 3.7%. The strong growth in the quarter is explained by the seasonality of deposits at the end of the year, especially among corporate clients.

    Our customer’s investments through mutual funds intermediated by the Bank also grew in the quarter, reaching an increase of 2.2% QoQ and 32.6% since December 31, 2023, given the clients’ preference for mutual funds in this scenario of falling rates.

    Net fees and commissions increase 8.8% in 12M24, achieving a recurrence6level of 60.3%.

    Net fees increased 8.8% in the twelve months ended December 31, 2024 compared to the same period in 2023 due to increased client numbers and higher product usage. As a result, the recurrence ratio (total net fees divided by structural support expenses) increased from 57.4% YTD as of December 2023 to 60.3% YTD as of December 2024, demonstrating that more than half of the Bank’s expenses are financed by fees generated by our clients.

    Efficiency ratio of 36.5% in 4Q24 and 39.0% in 4Q24

    The Bank’s efficiency ratio reached 39.0% as of December 31, 2024, compared to the 46.6% of the same period last year, with a quarterly efficiency ratio of 36.5%. On the other hand, the cost to assets ratio increased to 1.5% in 12M24 vs. 1.3% in the same period of the previous year.

    Structural support expenses (salaries, administration and amortization) grew 3.5% in 12M24 compared to 12M23, below inflation, and in line with the guidance provided previously and a slight decrease of 1.8% compared to 3Q24 mainly due to lower salary expenses.

    Total operating expenses (which includes other expenses) increased 12.4% in 12M24 compared to 12M23 driven by higher other operating expenses, related to a provision for the restructuring of our branch network and the transformation to Work/Café and also advances in digital banking.

    Cost of credit of 1.29% in 12M24, and NPL coverage at 115.4%

    During the Covid-19 pandemic, asset quality benefited from state aid and pension fund withdrawals, which led to a positive performance in assets during that period, before normalizing in line with the performance of the economy and the drainage of excess liquidity from households. Currently, our clients’ performance is reflecting the state of the economy and the labor market, where delinquency is higher than the levels we saw before the pandemic with the non-performing loans (NPL) ratio increasing to 3.2% and the impaired portfolio to 6.7% at December 2024. Overall the cost of credit remained stable at 1.29% in the quarter.

    Solid capital levels with a BIS7ratio of 17.1% and a CET18of 10.5%.

    Our CET1 (Common Equity Tier 1) ratio remains at solid levels of 10.5% and the total Basel III ratio reaches 17.1% at the end of December 2024, which includes a provision of dividend payment of 70% of 2024 earnings.

    We made significant progress in our Chile First strategy in 2024

    • Largest bank in terms of loans and deposits (16.9% market share according to latest information from the CMF).
    • More than US$ 450 million committed to invest in infrastructure and technology between 2023 and 2026.
    • A total of 99 Workcafés in Chile, serving our clients and the community in their different formats.
    • Recognized by Euromoney as the Best Bank in the Country in the SME and ESG Categories.
    • The only Chilean bank included in the DJSI emerging markets and within the top 3% of the most sustainable banks in the world.
    • Top Employer Certification January 2025 (seventh consecutive year).
    • Recognized as the Best Bank in Chile for SMEs by Global Finance.
    • ALAS20: First place in the category of leading company in sustainability.
    • Institutional Investor: “Most Honored Company.”

    Banco Santander Chile is one of the companies with the highest risk ratings in Latin America, with an A2 rating from Moody’s, A- from Standard and Poor’s, A+ from Japan Credit Rating Agency, AA- from HR Ratings and A from KBRA. All our ratings as of the date of this report have a stable outlook.

    As of December 31, 2024, the Bank has total assets of $68,458,933 million (US$68,865 million), total gross loans (including loans to banks) at amortized cost of $41,323,844 million (US$41,569 million), total deposits of $31,359,234 million (US$31,545 million) and shareholders’ equity of $4,292,440 million (US$4,318 million). The BIS capital ratio was 17.1%, with a core capital ratio of 10.5%. As of December 31, 2024, Santander Chile employs 8,757 people and has 236 branches throughout Chile.

    CONTACT INFORMATION
    Cristian Vicuña
    Chief Strategy Officer and Head of Investor Relations
    Banco Santander Chile
    Bandera 140, Floor 20
    Santiago, Chile
    Email: irelations@santander.cl Website: www.santander.cl


    1 The information contained in this report is presented in accordance with Chilean Bank GAAP as defined by the Financial Markets Commission (FMC).
    2 Annualized net income attributable to shareholders of the Bank divided by the average equity attributable to equity holders
    3 The fourth quarter of 2024
    4 The twelve months accumulated as of December31, 2024
    5 NIM: Net interest margin. Annualized net interest income and annualized readjustments divided by interest-earning assets
    6Recurrence: Net commissions divided by structural operating expenses (excludes other operating expenses).
    7 Regulatory capital divided by risk-weighted assets, according to CMF BIS III definitions
    8 Core capital divided by risk-weighted assets, according to CMF BIS III definitions.

    The MIL Network

  • MIL-OSI Economics: ECB selects motifs for future euro banknotes

    Source: European Central Bank

    31 January 2025

    • ECB shortlisted motifs based on the two possible themes for new banknotes: “European culture: shared cultural spaces” and “Rivers and birds: resilience in diversity”
    • The decision builds on an inclusive process involving feedback from public surveys and groups of experts
    • ECB to launch design contest in 2025 allowing Governing Council to select final designs in 2026
    • First new banknotes will go into circulation several years after final decision on designs and following production process

    The Governing Council of the European Central Bank (ECB) has selected motifs to illustrate the two possible themes for future euro banknotes. “European culture” focuses on shared cultural spaces and prominent Europeans. “Rivers and birds” focuses on the resilience and diversity of the natural world, complemented by the European institutions.

    The decision benefited from the suggestions provided by two multidisciplinary advisory groups from across the euro area and is consistent with the preferences on the themes expressed by more than 365,000 Europeans in public surveys held in summer 2023 and in focus groups conducted between December 2021 and March 2022.

    “We are excited to present these real-life motifs that reflect our commitment to Europe and celebrate its cultural heritage and natural environment,” said ECB President Christine Lagarde. “The new banknotes will symbolise our shared European identity and the diversity that makes us strong.”

    European culture: shared cultural spaces

    “European culture” celebrates the shared cultural spaces that have shaped European identity over the centuries. The motifs for this theme depict various cultural activities and spaces, and iconic European personalities who have contributed to building Europe’s cultural heritage. Their lives span six centuries, during which they lived, travelled and worked across our continent, and their accomplishments have resonated around the world.

    The motifs selected are:

    Table 1

    European culture

    Front

    Reverse

    €5
    Performing arts

    Maria Callas

    Street performers (music/dance/theatre) entertaining passersby

    €10
    Music

    Ludwig van Beethoven

    A song festival with a choir of children and young adults singing

    €20
    Universities and schools

    Marie Curie

    A school or university with a female teacher with young students. There are notebooks and books on the tables

    €50
    Libraries

    Miguel de Cervantes

    A library with some adults reading paper and digital books. A little boy and girl in front of a bookcase trying to get a book

    €100
    Museums and exhibitions

    Leonardo da Vinci

    Adults and children admiring some examples of street art, contemporary art, etc.

    €200
    Public squares

    Bertha von Suttner

    A tree-covered square allowing people to come together, with adults and children talking, walking, playing, etc.

    Rivers and birds: resilience in diversity

    “Rivers and birds” highlights the resilience and diversity of Europe’s natural ecosystems by showcasing different stages of rivers and various bird species, emphasising the importance of nature and environmental protection. The European institutions featured on the banknotes remind us of the fundamental values of the European project, which also embraces environmental protection.

    The motifs selected are:

    Table 2

    Rivers and birds

    Front

    Reverse

    €5

    Mountain spring
    Wallcreeper next to a mountain landscape

    European Parliament

    €10

    Waterfall
    Kingfisher in a waterfall or run pool

    European Commission

    €20

    Confined river valley
    Bee-eater colony in a sand wall on the side of a large, confined river valley along a riverbank

    European Central Bank

    €50

    Meandering river
    White stork flying over a meandering river in an unconfined river valley 

    Court of Justice of the European Union

    €100

    River mouth
    Avocet sweeping over the surface of a mud flat

    European Council and Council of the European Union

    €200

    Seascape
    Northern gannet flying over big ocean waves

    European Court of Auditors

    Next steps

    In 2025 the ECB will establish a jury and launch a design contest, which will be open to designers from across the European Union. The ECB will continue to involve the public and experts to ensure the designs selected are relatable for Europeans of all ages. In 2026 the ECB will ask the public which designs they prefer based on a shortlist.

    “We are developing new banknotes because we are committed to cash now and in the future. Banknotes are a symbol of our European unity and with the new motifs, we celebrate our shared history and commitment to a sustainable future,” said ECB Executive Board member Piero Cipollone.

    The Governing Council is expected to make the final decision on the designs in 2026. The new banknotes will be ready to enter circulation some years after this decision and following the production process.

    For media queries, please contact Belén Pérez Esteve tel.: +49 173 533 4269 or Alessandro Speciale, tel. +49 172 167 0791.

    Notes

    1. It is the duty of the ECB and the euro area national central banks to ensure that euro banknotes remain an innovative, secure and efficient means of payment. Developing new series of banknotes regularly is standard practice for all central banks. In a world where banknote reproduction technologies are rapidly evolving and counterfeiters can easily access information and materials, it is necessary to issue new banknotes on a regular basis. Beyond security considerations, the ECB is committed to reducing the environmental impact of euro banknotes throughout their life cycle, while also making them more relatable and inclusive for Europeans of all ages and backgrounds, including vulnerable groups such as the visually impaired. For more information, see the future banknotes page.
    2. The current theme of the euro banknotes is “Ages and styles” and the main motifs on each banknote are windows, doorways and bridges based on architectural styles from various periods in Europe’s history. For more information, see the banknotes design elements page.

    MIL OSI Economics

  • MIL-OSI: Netcompany – Notice to convene the Annual General Meeting 2025

    Source: GlobeNewswire (MIL-OSI)

    Company announcement
    No. 08/2025

                                                    31 January 2025

    The Annual General Meeting of Netcompany Group A/S will be held on Tuesday, 4 March 2025 at 15:00 (CET).

    The Annual General Meeting will be held completely electronically and admission and participation in the General Meeting will solely take place via the internet in accordance with the Articles of Association section 7.2 and as further described in the notice. Physical attendance will not be possible.

    The notice to convene the Annual General Meeting, including appendix 1 (Description of the candidates for the Board of Directors) is enclosed.

    Further information about the Annual General Meeting is available at:
    https://netcompany.com/investor/general-meetings/.

    Additional information
    For additional information, please contact:

    Netcompany Group A/S
    Thomas Johansen, CFO, +45 51 19 32 24
    Frederikke Linde, Head of IR, +45 60 62 60 87

    Attachments

    The MIL Network

  • MIL-OSI: Speakers at Biz2X Frontiers of Digital Finance Conference Kick Off 2025 and Predict What’s Next in Fintech and Business Finance

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and MIAMI, Jan. 31, 2025 (GLOBE NEWSWIRE) — The Biz2X 2025 Frontiers of Digital Finance (FDF) Conference at University of Miami’s Business School, held on January 14, brought together top global leaders in technology, business and government to examine the rapidly changing digital finance landscape, particularly AI’s transformative impact on small business lending. For video highlights, click here.

    FDF assembled a ‘Who’s Who’ of digital finance experts who delved into major issues, such as potential changes in regulation in the new Trump administration, increased use of AI in lending, and the rise of alternative lenders. Speakers from over 25 organizations were represented, in an invite-only audience of more than 200 delegates. Among the A-List speakers were:

    • Former Congressman Patrick McHenry, who served as Chair of the House Financial Services Committee for the past two years. His keynote address, The Future of Fintech Regulation, drew upon his more than two-decades in Congress. The session was moderated by Charlie Gasparino of Fox Business News.
    • USAA President & CEO Wayne Peacock spoke about Leadership in Fintech in The Next Decade. Under Peacock’s visionary leadership, USAA has become a household name. At FDF, he shared insights from his expertise in mission-driven leadership to navigate the evolving financial services landscape.
    • Jim Esposito, President of Citadel Securities, led a discussion entitled Building the Future: Technology in Financial Markets in which he shared his insights for driving long-term growth and building global client and partner relationships.
    • Miami Mayor Francis X. Suarez examined Where Innovation Meets Opportunity – A Legal and Economic Vision, together with legendary litigator Marc Kasowitz from Kasowitz Benson Torres. They shared their perspectives on the legal and economic forces shaping today’s business landscape, and Mayor Suarez explored how cities like Miami can become innovation hubs for the private sector.

    BCG & Biz2X Launch New SMB Finance White Paper at FDF Miami

    Biz2X partnered with Boston Consulting Group (BCG), one of the world’s top business consulting firms, to unveil a brand-new proprietary white paper entitled, The Forthcoming Revolution in Small Business Lending.

    The study examines the rapidly changing dynamics of small business lending. Biz2X and BCG analyzed the reasons why banks — particularly the country’s largest institutions — place limitations on lending to small and medium-sized businesses. BCG identifies a global small business funding gap that exceeds $5 trillion.

    Biz2X and BCG conclude that SMB lending must be fundamentally altered through technology such as digital lending platforms to achieve lower risk, broader access to capital, and a significantly-improved digital experience for both borrowers and lenders. To download the full report, click here.

    Looking Ahead to Future FDF Conferences

    “FDF Miami 2025 was the highest-attended conference yet in our continuing series of these events. Our goal with FDF is to create a platform that drives the finance industry forward by bringing together the right people from all sides of industry and policy,” said Conference Chair and the CEO & Co-Founder of Biz2X, Rohit Arora.

    Future editions of FDF in 2025 are being planned in Riyadh and Mumbai, along with a likely return to Miami, with dates to be announced. For more information about FDF sponsors, speakers, and to see exclusive content from FDF Miami and previous FDF events, visit frontiersofdigitalfinance.com.

    About Frontiers of Digital Finance (FDF)
    FDF is an invitation only, global conference series that assembles global experts in the field. These include top financial institutions, innovative startups, investors, policy makers, technologists, and other leaders to learn about trends in digital finance and build relationships with key executives in the fintech industry.

    Attendees gain valuable insights from distinguished speakers and forge meaningful connections with key industry executives through curated networking events. Previous conferences have been held in some of the world’s most dynamic financial hubs: Dubai, Riyadh, Abu Dhabi, Mumbai, New York (at Columbia Business School) and Miami. Visit frontiersofdigitalfinance.com and LinkedIn for more information and highlights from the conferences.

    About Biz2X 
    Biz2X® is the digital lending platform chosen by successful business lenders, with more than $10 billion funded globally to businesses through the company’s innovative technology. The platform has been chosen for business lending at banks and financial institutions around the world. Lenders choose the platform because they want to transform their lending practices digitally. Biz2X makes this possible through best-in-class technology and AI-powered underwriting models. Biz2X LLC is a subsidiary of Biz2Credit. Visit Biz2X.com for more information.

    Contact: John Mooney, Over The Moon PR, 908-720-6057, john@overthemoonpr.com

    The MIL Network

  • MIL-OSI Economics: Efficiency, resilience and digital horizons: perspectives and challenges for the public sector | Keynote statement at the Digital Excellence Forum

    Source: Bundesbank

    Check against delivery.

    1 Introduction

    Against the backdrop of a changing geopolitical environment, the relevance of digital advances and innovations has further increased. 

    I have just returned from a discussion among policy makers and researchers in Washington D.C., and many of the exchanges touched on the economic outlook in a potentially more fragmented world economy. 

    For both reasons, I am delighted to be part of this conference about digital excellence here in Berchtesgaden. 

    Representing the Bundesbank on this panel, I would like to contribute three considerations from a public sector perspective.

    While there is a lot of discussion about digitalisation in Germany and the need to catch up in particular in the public sector, there are encouraging examples. The Bundesbank is at the forefront of public sector digitalisation: it is using artificial intelligence in multiple ways and is among the first public institutions to move seriously into the public cloud. 

    International financial architecture, markets and instruments are changing due to ongoing economic fragmentation and technological advances. Working on the digital euro is a way for the European Central Bank System to prepare for those changes and to take an active role. 

    Given the geopolitical environment and growing cyber risks, the Bundesbank is investing in its cyber resilience, including the setting up of a new governance model for IT security.

    Allow me to expand on that.

    2 Innovation

    The Bundesbank is breaking new ground by proactively using the public cloud. This is a significant step forward for a public sector institution. As a first step, our innovative, high-performance and secure eBusiness portal for our currently over 180,000 customers – NExt – went “live” in the cloud. Customers are banks, insurances, corporates or other public sector institutions.

    At the same time, we built up a Bundesbank-owned private cloud in our computer centres for particularly sensitive data. Through our hybrid cloud strategy and investments in technological trends like artificial intelligence, we are ensuring our readiness for the challenges of today and tomorrow.

    Artificial intelligence will help us to expand our economic analyses and improve our understanding of the effects of various policy measures on inflation, employment and economic growth. 

    It also plays a pivotal role in our risk analysis efforts. 

    Take, for example, the risk controlling function and its analysis related to the many counterparties with whom the Bundesbank conducts financial transactions or purchases securities. By combining diverse sets of data and information, artificial intelligence helps us identify potential financial difficulties of a counterparty at an early stage. Given the sheer volume and complexity of the data involved, collecting and evaluating this information manually would be nearly impossible. 

    Through the strategic application of artificial intelligence, we can detect risks more quickly and with greater precision, allowing us to take timely and informed action. 

    We are also using an artificial intelligence platform that allows access to the latest language models in a secure environment. It is a chatbot that works in a very similar way to ChatGPT – only ours has different requirements, for example in terms of data governance. The requests are neither stored in the cloud nor used for training purposes.

    3 Future of Finance

    The international financial architecture, markets and instruments are currently changing due to ongoing economic fragmentation and technological advances. 

    Against this backdrop, there are several reasons in favour of the digital euro.

    The first reason is related to autonomy and sovereignty. So far, there is no sovereign pan-European solution for payment in the digital space. As a result, there is a risk that Europe will become overly dependent on US providers for critical infrastructure. A digital version of the euro renders the currency more attractive as means of payment internationally and will facilitate a start-up ecosystem around it.

    Another reason is related to efficiency. We are seeing very strong fragmentation in the European payment market and increasing concentration through international card systems that are all USbased. The digital euro establishes standards that simplify competition.

    Lastly, we also have to consider resilience. With the digital euro, we are safeguarding ourselves against competing currencies and stablecoins. The digital euro would be the next step in the development of the euro and would bring central bank money into the digital age.

    The Bundesbank is a key player in the development of a digital euro thanks, amongst other things, to its IT expertise in payment systems and in the area of tech trends. 

    4 Cybersecurity

    Cybersecurity is a decisive factor for the stability of the global economy and the functioning of our modern society. Operators of critical infrastructure, such as the Bundesbank, are under growing pressure from targeted cyber attacks.

    Of course, the Bundesbank, too, is subject to the most common types of attacks like phishing or denial of service attacks. To give you an example: on average, we receive a phishing attack every 5 minutes. 

    That’s why the principle “Secure by Design” is of crucial importance from the very beginning when developing and operating IT solutions and services.

    The Bundesbank has just rolled out a new governance model for IT security in order to create the basis for effectively counteracting growing threats. 

    Concretely, we are appointing a designated “security architect” in each Bundesbank department who serves as the go-to person for all architecture-related security concerns. The security architect will support product owners and agile teams in implementing security processes and regularly evaluating the impact of security-relevant information.

    This role is complemented by “security champions” within each product team. These champions will help maintain the required level of information security throughout the entire product lifecycle, including regular checks for new vulnerabilities.

    The governance model includes not only dedicated roles and responsibilities but also professional development and training measures for all staff in order to sensitise them to the fact that IT security is a critical discipline for everyone.

    5 Conclusion

    To conclude: By keeping up with technological developments, playing an active role in providing future forms of payment and of course safeguarding our security, the Bundesbank contributes to the competiveness of the German and European economy. 

    This is more relevant than ever in the current geopolitical context. 

    That’s why I’m thrilled to participate in this excellent conference and exchange.

    MIL OSI Economics

  • MIL-OSI Economics: Results of the ECB Survey of Professional Forecasters for the first quarter of 2025

    Source: European Central Bank

    31 January 2025

    • Headline inflation expectations revised up for 2025 but otherwise unchanged; longer-term expectations (for 2029) remain at 2.0%
    • Expectations for HICP inflation excluding energy and food unchanged for 2025 and 2026; longer-term expectations revised down slightly to 1.9%
    • Real GDP growth expectations revised down by 0.2 and 0.1 percentage points for 2025 and 2026 respectively, but longer-term expectations unrevised
    • Unemployment rate expectations unchanged for 2025 and 2026, but longer-term expectations revised down slightly

    Respondents’ expectations for headline inflation, as measured by the Harmonised Index of Consumer Prices (HICP), were 2.1% for 2025, 1.9% for 2026 and 2.0% for 2027. Expectations were revised up from the previous survey (conducted in the fourth quarter of 2024) by 0.2 percentage points for 2025 but unchanged for 2026. Expectations for core HICP inflation, which excludes energy and food, were unchanged for 2025 and 2026. Longer-term expectations for headline inflation were unchanged at 2.0%, while those for core HICP inflation were revised down slightly to 1.9%.

    Respondents expected real GDP growth of 1.0% in 2025 and 1.3% in both 2026 and 2027. Compared with the previous survey, expectations were revised down by 0.2 percentage points for 2025 and 0.1 percentage points for 2026. Economic policy and political uncertainty contributed to these revisions. Longer-term growth expectations remained unchanged at 1.3%.

    The expected profile of the unemployment rate was largely unchanged. Respondents continued to expect the unemployment rate to average 6.5% in 2025 but to decline to 6.4% in 2026, and then to fall further to 6.3% in 2027 and to remain there in the longer term.

    MIL OSI Economics

  • MIL-OSI Economics: One policy to rule them all

    Source: Securelist – Kaspersky

    Headline: One policy to rule them all

    Windows group policies are a powerful management tool that allows administrators to define and control user and computer settings within a domain environment in a centralized manner. While group policies offer functionality and utility, they are unfortunately a prime target for attackers. In particular, attackers are increasingly using group policies to distribute malware, execute hidden scripts and deploy ransomware.

    These attacks can range from simple configuration changes that could result in data breaches to more complex scenarios where attackers gain complete control over the corporate network. To ensure the security of your IT infrastructure, it is crucial to understand the vulnerabilities in group policies and the tactics used by attackers. This story examines how cybercriminals exploit group policies as an attack vector, what risks attacks like these pose, and what measures can be taken to protect against potential threats.

    Group Policy Object

    A Group Policy Object (GPO) includes two key components: a Group Policy Container (GPC) and a Group Policy Template (GPT). A GPC is an Active Directory container that holds information about the GPO version, its status and so on.

    Example of Group Policy Container contents

    A GPT is a collection of files and folders kept on the SYSVOL system volume of every domain controller within a domain. These files hold a variety of settings, scripts and presets for users and workstations.

    Group Policy Templates on SYSVOL

    The path to each template is specified in the attribute of the group policy container named gPCFileSysPath.

    Contents of the gPCFileSysPath attribute

    Next, gPCMachineExtensionNames and gPCUserExtensionNames are important attributes in each policy. Each of these attributes contains a GUID for Client Side Extensions (CSE) that will be distributed to user and/or computer settings. Extensions themselves are most often implemented using libraries that contain a set of functions necessary for applying extension settings to users or computers. So, the GUID provides information about which exact library needs to be loaded. A list of all CSE GUIDs can be found in the following registry key:

    Contents of one of the GUIDs in GPExtensions

    To determine which policies a client will apply, it makes an LDAP query to the domain controller, which returns a set of policies for a specific user and/or computer. This set is called SOM (Scope of Management). A key attribute of a SOM is gpLink, which connects organizational units (OUs) to the GPOs that apply to them.

    Policy application process

    How attackers exploit group policies

    In this story, we will not delve into the specifics of how attackers gain access to Group Policies. We will only note that to modify policies, attackers need only have WriteProperty permissions on the gPCFileSysPath attribute within the GPO. This has been described in more detail in SpecterOps’ study, An ACE Up The Sleeve: Designing Active Directory DACL Backdoors. Let’s focus on examples of how attackers specifically use these very policies for their own purposes.

    The most common policy abuse tactic used by malicious actors is to deploy ransomware across multiple hosts. Our Global Emergency Response Team (GERT) regularly encounters its consequences in their work. However, group policies can also be used to covertly gain a foothold in a domain, where attackers can do virtually anything they want:

    • Create new local users/administrators;
    • Create malicious scheduler tasks;
    • Create various services;
    • Run tasks on behalf of the system and/or user;
    • Change the registry configuration and much more.

    Modifying the gPCMachineExtensionNames and gPCUserExtensionNames attributes

    There are several tools designed to compromise GPOs. While they are all functionally similar, we will focus on the most popular one (after the built-in Windows MMC tool) SharpGPOAbuse. This utility provides a step-by-step guide to modifying Group Policy Objects (GPOs), making it convenient for analyzing the specific changes involved. As an example, let’s create a user-defined scheduler task that will run under the account labdomain.localadmin.

    Adding a scheduled task to launch cmd.exe on behalf of a specific user

    As seen in the screenshot above, during GPO modification, a new task is first added to the GPT on SYSVOL as an XML file. After that, the versionNumber attribute is changed, and the version number in the GPT.ini file is increased. This is necessary so that when checking for GPO updates, the client can detect that there is a newer version than the one in the cache and download the modified policy. Such changes can be tracked using event 5136, which is generated whenever an AD object is modified.

    Event 5136, which reflects a change in GPO attributes

    As we were creating a custom policy, we modified the gPCUserExtensionNames attribute, which now includes the following CSE GUID values:

    • {00000000-0000-0000-0000-000000000000} — Core GPO Engine;
    • {CAB54552-DEEA-4691-817E-ED4A4D1AFC72} — Preference Tool CSE GUID Scheduled Tasks;
    • {AADCED64-746C-4633-A97C-D61349046527} — Preference CSE GUID Scheduled Tasks.

    After the policy is applied, a scheduled task will start:

    Scheduled task start events

    Each function within the SharpGPOAbuse tool (such as creating scheduled tasks, adding users, granting privileges and so on) has a unique set of CSEs that will be recorded in the user or computer attributes.

    CSE toolkit for adding a local administrator, new privileges and an autostart script in the SharpGPOAbuse code

    These CSEs can serve as the basis for developing rules for detecting similar policies:

    Detecting the addition of new privileges through GPOs

    Detecting the addition of new autorun scripts through GPOs

    Detecting the addition of a new scheduler task using GPOs

    Modifying the gPCFileSysPath attribute

    In some scenarios, the adversary can modify the GPC but cannot access the directory where the GPTs are located. This is because different methods are used to manage different GPO entities: A GPC is stored in the LDAP directories of Active Directory, while a GPT is stored in a system folder on the domain controller: SYSVOL. Consequently, a user may have permissions to modify the GPC LDAP container, but not have permissions to modify or add files in SYSVOL. In this case, when attempting to modify the policy, the user will see the following error:

    Permissions mismatch between LDAP and SMB

    An attacker without SYSVOL access can modify the GPC attribute gPCFileSysPath, specifying a path to a network resource they control. As a result, all clients subject to the policy will retrieve templates from this resource. Let’s consider this scenario using the example of a GPOddity attack. The tool spins up its own SMB server, where it creates malicious policies, then changes the path to the GPT, and after applying the modified policies, restores them to their original state from its backup.

    Example of using GPOddity

    The technique of modifying the gPCFileSysPath attribute was highlighted back in 2020 in a blog post by researcher Mark Gamache, who was working at Microsoft at the time. However, the company believes that the ability to store GPTs outside of the SYSVOL system folder is a feature rather than a bug. At the same time, Microsoft does not recommend storing GPTs on third-party resources, as this can break certain Windows mechanisms.

    The possibility of storing policy data on third-party resources as mentioned in Microsoft documentation

    To detect this technique, we can once again utilize event 5136, where we will monitor the modification of the attribute we are interested in.

    Example of changing the gPCFileSysPath attribute in the Windows event log

    It’s possible to automatically detect an event 5136, related to changes in gPCFileSysPath, in logs by using the following rule:

    To eliminate the risk of false positives, we added to exceptions events that are generated when creating a new GPO where the attribute specifies the normal path to the GPT:

    Changing the gPCFileSysPath attribute when creating a new GPO

    How we search for “bad” policies in Compromise Assessment projects

    One of the items on the checklist for each of our Compromise Assessment projects is searching for compromise via group policies, as attackers often rely on this method both to distribute malicious software, scripts, vulnerable settings and so on, and to secretly gain a foothold in the domain. We use the Group3r tool to analyze a large volume of policies. It helps us quickly find all policies and run them through our detection rules to identify suspicious ones, as well as find various vulnerabilities that an attacker could exploit.

    Example of a suspicious policy

    Example of a vulnerable policy

    Since Group3r only searches for policies located on the SYSVOL domain volume, it is important to determine which of them have the gPCFileSysPath attribute changed. To do this, you can use the following script:

    Example of the script’s operation

    In addition to Group3r, SharpHound is an excellent tool for finding various GPO configuration errors. It allows you to find potential GPO attack vectors.

    An example of a misconfiguration that grants write permissions for policies to users who do not need them

    How we monitor group policies in MDR

    Organizations often fail to log many events on hosts. To ensure security and proactive monitoring of group policies in our MDR service, we have developed several improvements to our telemetry. Firstly, since Windows advanced auditing is disabled on some hosts, we try to use ETW providers (Event Tracing for Windows) wherever possible to replace the events needed to understand what happened in the system. Where ETW alone is not enough, we improve our technology and expand telemetry coverage. For instance, to detach from event 5136, monitoring of which requires configuring Directory Service Changes audit, our SOC R&D team developed the GCNet tool based on Microsoft’s PoC for monitoring directory service changes. The tool connects to the LDAP database where we specify a search for a particular distinguishedName attribute value (in our case, CN=Policies) and subscribe to any changes to it. If we receive a notification about a policy change, we request detailed information about the corresponding GPO, including GPC and GPT data.

    Example of an event with GPO output

    Detected events are run through our detection rules, allowing us to identify various malicious policies. One of the important attributes of a policy is GPLink options and policy flags. Policies flagged as Enforced take precedence over other policies and will be applied before them, and they cannot be overwritten by another policy. Additionally, GPOs have several flags that, when known, can help us determine whether a policy is enabled or not. The combination of all attributes provides us with additional information about how much time we have to respond to an incident before the next group policy is applied, and where and how it is applied, significantly broadening the investigation scope. By default, policies are updated every 90 minutes +/– 30 minutes on client machines and every 5 minutes on the domain controller.

    Conclusion

    Group policies (GPOs) are a versatile tool that, in the hands of malicious actors, can pose a serious threat to a corporate network. Their compromise allows attackers to perform covert actions, modify configurations and spread malware to multiple hosts simultaneously. For this reason, group policies must be closely monitored and constantly secured. Tracking changes in group policies and responding to detected threats is part of our Managed Detection and Response (MDR) service.

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  • MIL-OSI Europe: Latest news – Constitutive Meeting on 3 October 2024 – Delegation for relations with the countries of Central America, including the EU-Central America Association Parliamentary Committee

    Source: European Parliament

    At its constitutive meeting on 3 October 2024, the Delegation for relations with the countries of Central America, including the EU-Central America Parliamentary Association Committee (DCAM) elected the following bureau members:

    Chair: Diana RIBA I GINER (Greens/EFA, Spain)

    1st Vice-Chair: postponed

    2nd Vice-Chair: postponed

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  • MIL-OSI Europe: Answer to a written question – Polish Government’s social agreement with mining unions – E-002854/2024(ASW)

    Source: European Parliament

    The Commission is aware of the economic and social challenges that coal regions, including in Poland, face in view of the transition towards climate neutrality.

    The Just Transition Mechanism accompanied with the Just Transition Fund[1] or the Coal regions in transition Initiative[2], among other initiatives, aim to ensure that the transition leaves no one behind and to support the economic diversification and reconversion of the territories concerned by the transition.

    The mentioned report has been written by external authors as part of the Commission’s Coal regions in transition Initiative[3]. As a general rule, such reports, if written by consultants, cannot be considered as representing the views of the Commission or its official position.

    As regards public support for the Polish mining industry, the Commission is in close and constructive contact with the Polish authorities. The Commission is neither in a position to comment further on the content of such discussion, nor can it predict the timing or outcome.

    Pursuant to Article 263 of the Treaty on the Functioning of the European Union, the Court of Justice has jurisdiction to review the legality of acts of the Commission.

    • [1] Regulation (EU) 2021/1056 of the European Parliament and of the Council of 24 June 2021 establishing the Just Transition Fund (OJ L 231, 30.6.2021, p. 1).
    • [2] For more information see: https://energy.ec.europa.eu/topics/clean-energy-transition/eu-coal-regions-transition_en
    • [3] The Secretariat for Technical Assistance to Regions in Transition, which is made up of a consortium of external actors, listed here: https://energy.ec.europa.eu/topics/carbon-management-and-fossil-fuels/eu-coal-regions-transition_en#the-secretariat
    Last updated: 31 January 2025

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  • MIL-OSI Europe: Answer to a written question – Grants paid to suspended Eramet Group project – E-002578/2024(ASW)

    Source: European Parliament

    The Commission attaches utmost importance to ensuring that EU funding supports sustainable industrial development, job creation, and Europe’s strategic autonomy, whilst guaranteeing an effective use of the funds.

    The specific project mentioned has been selected for funding under the Innovation Fund, which is financed through revenues from the European Union Emissions Trading System and supports innovative low-carbon technologies.

    The Innovation Fund awards projects based on five award criteria. ‘Project maturity’ is an important one of them.

    Here, the project’s technical, financial and operational feasibility is assessed. The project in question scored highly on this metric, as well as on the other award criteria, and was thus selected as part of the 2021 Innovation Fund’s call for proposals for large-scale projects. You are invited to consult the press release[1] and Innovation Fund project dashboard[2].

    Payments from the Innovation Fund are provided subject to the project reaching pre-defined milestones. So far, no funding has been paid to the mentioned project.

    The Innovation Fund aims to support high-risk, first-of-a-kind and very innovative projects, some of which may also fail. The Commission is closely monitoring the projects that the Innovation Fund supports and aims to be a partner to industry and project developers.

    The Commission continually reflects on the effectiveness of project selection criteria, safeguards, and monitoring systems to minimise risks while ensuring that EU funding delivers its intended benefits.

    • [1] https://ec.europa.eu/commission/presscorner/detail/en/ip_22_4402
    • [2] https://dashboard.tech.ec.europa.eu/qs_digit_dashboard_mt/public/sense/app/6e4815c8-1f4c-4664-b9ca-8454f77d758d/sheet/bac47ac8-b5c7-4cd1-87ad-9f8d6d238eae/state/analysis

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  • MIL-OSI Europe: Answer to a written question – Contribution of contrails to global warming – E-002574/2024(ASW)

    Source: European Parliament

    While non-CO2 effects from aviation are short-lived pollutant, it is estimated that they warm the climate at least as much as long-lived CO2 from aviation.

    Based on the precautionary principle and in accordance with Article 14(5) of the EU Emissions Trading System (ETS) Directive[1], the Commission implements a Monitoring, Reporting and Verification (MRV) mechanism of the non-CO2 aviation effects.

    Based on the adopted rules, aircraft operators should monitor the non-CO2 aviation effects as of 1 January 2025, enabling the calculation of a CO2 equivalent per flight.

    Airlines are required to report non-CO2 aviation effects annually. In 2025 and 2026, reporting may include all routes but is mandatory only for routes within the European Economic Area (EEA), and routes from EEA departing to Switzerland or to the United-Kingdom. From 2027 onwards, the MRV will extend to all flights departing from or arriving at EEA.

    The implementation of the MRV and Commission research initiatives enhance knowledge on non-CO2, informing effective avoidance strategies.

    Contrail avoidance by flight altitude adjustments is possible[2]. However, open questions need to be solved prior to an operational implementation of contrail avoidance in air traffic management.

    In addition to the European measures under the EU ETS, the Commission is ready to work with international partners, including the International Civil Aviation Organisation, to take further action on mitigating non-CO2 in the short-term .

    ReFuelEU Aviation and the uptake of SAF (e.g. Power-to-Liquid) could allow to reduce emissions that contribute to non-CO2 climate impact. The Commission explores ways to improve jet fuel composition in Europe, to reduce aromatics and sulphur levels .

    • [1] EU ETS Directive https://eur-lex.europa.eu/eli/dir/2003/87/oj
    • [2] For example: R Sausen et al, 2023, Can we successfully avoid persistent contrails by small altitude adjustments of flights in the real world?: https://elib.dlr.de/195244/1/avoiding%20contrails%20preprint%20230517.pdf

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  • MIL-OSI Europe: Answer to a written question – Mitigating the social impact of upcoming EU rules about fossil-fuel-powered vehicles – E-002576/2024(ASW)

    Source: European Parliament

    The CO2 emission standards for new cars and vans[1] provide a framework for the transition to zero-emission vehicles, which is essential to achieve our objective of becoming climate neutral by 2050.

    The impacts for consumers have been analysed in the Commission’s impact assessment[2], which showed that b oth first- and second-hand car users would benefit from a lower total cost of ownership over the vehicles’ lifetime. This will be increasingly the case as more affordable zero-emission vehicles become available.

    In 2025, th e Commission will prepare a progress report[3], which will look into the affordability of zero- and low-emission vehicles and the impacts on consumers of the transition to zero-emission mobility. In 2026, the Commission will review the regulation[4], which will be an opportunity to assess how to best ensure a fair transition .

    The EU Social Climate Fund is established to address the social impacts of the new carbon pricing for the fuels used in buildings, road transport and small industry (ETS2)[5] on the most vulnerable groups.

    The Fund will mobilise at least EUR 86.7 billion between 2026 and 2032. It will support citizens in transport poverty by improving access to zero- and low-emission mobility, incentivising the use of public transport, shared mobility services and active mobility.

    Each Member State will have the option to spend up to 37.5% of their allocation to support the incomes of their most vulnerable citizens under certain conditions.

    Spain is set to be one of the largest beneficiaries of the Fund; and will be able to mobilise around EUR 9 billion for measures and investments.

    Furthermore, Spain can use its ETS2-revenues for measures to accelerate the uptake of zero-emission vehicles or recharging infrastructure.

    • [1] http://data.europa.eu/eli/reg/2023/851/oj
    • [2] Impact assessment accompanying Proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2019/631 as regards strengthening the CO2 emission performance standards for new passenger cars and new light commercial vehicles in line with the Union’s increased climate ambition.
    • [3] Article 14a of Regulation (EU) 2019/631.
    • [4] Article 15 of Regulation (EU) 2019/631.
    • [5] http://data.europa.eu/eli/dir/2023/959/oj.

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Protection of borrowers’ personal data and the need for non-performing loan management companies to comply with Directive 2021/2167 – E-002566/2024(ASW)

    Source: European Parliament

    Directive (EU) 2021/2167 of the European Parliament and of the Council of 24 November 2021 on credit servicers and credit purchasers[1] (‘the NPLD’), amending Directives 2008/48/EC[2] and 2014/17/EU[3], had to be transposed by 29 December 2023 by Member States. It introduces requirements protective of the borrower in the context of debt purchasing and debt servicing in the EU.

    Regarding the protection of borrowers’ personal data, Article 10(1)(c) of the NPLD states that, in their relationships with borrowers, credit purchasers and credit servicers respect and protect the personal information and privacy of borrowers.

    The General Data Protection Regulation (GDPR)[4] lays down the rules to ensure the protection of personal data. Without prejudice to the competences of the Commission as guardian of the Treaties, the enforcement of the GDPR in individual cases lies with the competent national authorities and courts.

    In this context, Cyprus received a letter of formal notice in January 2024, and a reasoned opinion in July 2024, requiring the communication to the Commission of transposition measures of the NPLD.

    The Cypriot authorities have notified in November complete transposition of the NPLD. the status of this procedure can be followed under the following website (with the following infringement procedure reference INFR(2024)0018)[5], which is currently being assessed by the Commission to ensure its completeness and conformity. These do not apply to NPL transferred prior to 30 December 2023[6].

    For credit agreements transferred after this date to companies operating without a license, the NPLD requires Member States to provide national supervisory authorities with the power to act.

    • [1]  OJ L 438, 8.12.2021, p. 1-37.
    • [2]  OJ L 133, 22.5.2008, p. 66-92.
    • [3]  OJ L 60, 28.2.2014, p. 34-85.
    • [4] Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation), OJ L 119, 4.5.2016, p. 1-88.
    • [5] https://ec.europa.eu/atwork/applying-eu-law/infringements-proceedings/infringement_decisions/?lang_code=en
    • [6] Article 2(5)(d) of the NPLD.
    Last updated: 31 January 2025

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