NewzIntel.com

Category: KB

  • MIL-OSI Russia: Financial news: Deposit auction of the Investment Agency of the Tyumen Region will take place on 30.01.2025

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    Parameters;

    The date of the deposit auction is 30.01.2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 37,847,000.00. Placement period, days is 109. Date of depositing funds is 30.01.2025. Date of return of funds is 19.05.2025. Minimum placement interest rate, % per annum is 22.00. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 37,847,000.00. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open). Basis of the Agreement is the General Agreement. Schedule (Moscow time). Applications in preliminary mode from 13:15 to 13:30. Applications in competition mode from 13:30 to 13:40. Setting a cut-off percentage or declaring the auction invalid before 14:10.

    Additional conditions Placement of funds without the possibility of early withdrawal of the deposit, monthly payment of interest on the deposit.

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

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

    HTTPS: //VVV. MOEX.K.M.M.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial News: Decommissioning of gateway interfaces

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    Due to the two-year support cycle for the gateway broker and information interfaces for ASTS Bridge, support for IFCBroker and IFCInfo interfaces version 48 and older is planned to be discontinued from January 2026.

    The ability to connect to industrial systems with the specified versions will also be closed in January 2026.

    The current version is 52. Version 53 is planned to be released on March 24, 2025. Details published separately.

    Contact information for media 7 (495) 363-3232Pr@moex.kom

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

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

    HTTPS: //VVV. MEEX.K.M.M.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 01/30/2025, 14-00 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JX1C5 (KAMAZ BO14) were changed.

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    01/30/2025

    14:00

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on January 30, 2025, 14-00 (Moscow time), the values of the upper limit of the price corridor (up to 71.9) and the range of market risk assessment (up to 806.62 rubles, equivalent to a rate of 27.5%) of the RU000A0JX1C5 (KAMAZ BO14) security were changed.

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

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

    HTTPS: //VVV. MEEX.K.M.M.

    MIL OSI Russia News –

  • MIL-OSI United Nations: World Food Programme warns that efforts to ramp up food aid to famine-impacted Sudan being impeded

    Source: World Food Programme

    WFP/Abubakar Garelnabei WFP trucks refuelling before departing Port Sudan for Khartoum in December 2024

    As WFP teams work around the clock to reach key locations for first time, fighting and arbitrary obstructions by local authorities hinder consistent flow of vital aid.

    ROME/NAIROBI/PORT SUDAN – The United Nations World Food Programme (WFP) is working tirelessly to expand food and nutrition assistance to millions more people across Sudan – aiming to triple the number of people it supports to 7 million. WFP’s top priority is to deliver life-saving assistance to locations facing famine or teetering on its brink.

    Today, intensified fighting and the arbitrary obstruction of humanitarian convoys are hindering the fast and consistent movement of desperately needed aid.

    Since launching a large-scale surge of food aid in late 2024, WFP has pushed into hard-to-reach areas, including Zamzam Camp in North Darfur, south Khartoum, and Gebaish in West Kordofan. In January, WFP even reached Wad Madani in Gezira State after the city became safe enough to get trucks of food and nutrition supplies through. Over 2.5 million people per month received much-needed food and nutrition assistance in the last quarter of 2024, including many for the first time, since the conflict began. 

    “We have made significant breakthroughs in getting aid deliveries to hard-to-reach areas in the last three months, but these cannot be one-off events,” said Alex Marianelli, acting Country Director for Sudan. “We urgently need to get a constant flow of aid to families in the hardest hit locations, which have also been the most difficult to reach.” 

    A convoy headed to areas already in famine, or at-risk of famine, in Darfur, took three times longer to reach its destination due to interferences. After crossing the Adre border in mid-December, local officials from the Rapid Support Forces (RSF) held-back some 40 humanitarian trucks for nearly three weeks, requiring new clearances and inspections. As a result, the WFP-led convoy had to be redirected to another famine-risk area in the Darfur region. On arrival, the RSF held the trucks again and made additional demands. Finally, the convoy finally reached its destination earlier this week, a full six weeks after its departure, for a journey that would normally take a maximum of two weeks.

    Meanwhile, a national liquidity crisis has led to widespread cash shortages. WFP cash and in-kind food distributions for over 4 million people have been delayed for over one month due to a lack of sufficient bank notes to help pay porters to load trucks. Recent efforts by Sudan’s Central Bank and Ministry of Finance to ease the crisis, and increase cash availability, has meant that WFP’s operations can gradually resume.

    WFP calls on all parties on the ground in Sudan to remove all unnecessary barriers and obstacles that are preventing a full-scale humanitarian response to Sudan’s growing hunger crisis. The neutrality and independence of aid workers and humanitarian work must be respected. The safe passage of humanitarian assistance to hard-to-reach, famine-struck areas must be guaranteed.

    Sudan continues to face a catastrophic humanitarian situation with approximately 24.6 million people – nearly half of Sudan’s population – facing acute food insecurity (IPC Phase 3+). Twenty-seven locations across Sudan are either in famine or at risk of famine, while more than one-third of children in the hardest hit regions are acutely malnourished, well above the threshold for a famine declaration.

    #                 #                   #

    The United Nations World Food Programme is the world’s largest humanitarian organization saving lives in emergencies and using food assistance to build a pathway to peace, stability and prosperity for people recovering from conflict, disasters and the impact of climate change.

    Follow us on Twitter @wfp_media @wfp_sudan 

    MIL OSI United Nations News –

  • MIL-OSI Europe: AFRICA/DR CONGO – “Foreigners leave Bukavu: fears of advance of the M23 rebel movement on the capital of South Kivu province”

    Source: Agenzia Fides – MIL OSI

    Thursday, 30 January 2025 war  

    Kinshasa (Agenzia Fides) – “In Bukavu, foreigners are fleeing,” missionaries from the capital of the Congolese province of South Kivu tell Fides. “The various embassies in Kinshasa have ordered their compatriots to leave the city because they fear that the M23 rebels could conquer it after taking control of Goma and the province of North Kivu,” the observers say. “Important departments of international organizations of the United Nations and various international non-governmental organizations are based in Bukavu. Now the foreign staff of these organizations are being evacuated via Rwanda.” “Currently, the rebel troops are already in Nyabibwe, in the Kalehe area of South Kivu,” the observers say. “It is a mountainous peak and if you go down to the south you are 25 km from the shores of Lake Kivu; from there you can easily reach Bukavu.” “The movements of the M23 units are facilitated by the means made available to them by the Rwandan army, which transported new off-road vehicles to Goma by barge, which were handed over to the rebels,” the observers added. Nyabibwe is home to a mine that extracts coltan and cassiterite, two of the strategic minerals that are the subject of the ongoing war involving local and regional actors backed by world powers and multinational mining companies.Meanwhile, the situation in Goma, which was captured by Rwandan troops and the M23 rebels they support, is stabilizing. The M23 rebels have organized the first patrols in the city to reassure the population and fight pockets of resistance from the Congolese army and the pro-government “Wazalendo” militiamen.”The rebels are trying to portray themselves as ‘liberators’ against what they call ‘the repressive regime in Kinshasa’: they are therefore trying to ensure a minimum of order and services for the population of the city they have conquered,” the observers report. As Corneille Nangaa, the leader of the Congo River Alliance, explained, the guerrillas’ goal is to march on the capital Kinshasa (about 1,600 km as the crow flies from Goma, but the road distance is more than 2,500 km) to overthrow President Félix Tshisekedi. “It seems like we have gone back about thirty years, when the guerrillas began their triumphal march at the end of 1996, which began in the east of the country and overthrew Mobutu in Kinshasa in the spring of 1997. But at that time the guerrillas, supported by Rwanda and Uganda, were also supported by other foreign powers. Now we must see what international interests are at work today,” commented the observers. To counter the rebels’ advance, President Tshisekedi has meanwhile ordered general mobilization and called on former soldiers and young people to join the army. (L.M.) (Agenzia Fides, 30/1/2025)
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    MIL OSI Europe News –

  • MIL-OSI Security: Appeal to trace two teenagers from Morocco missing in London

    Source: United Kingdom London Metropolitan Police

    Police are appealing for the public’s help to find two teenage girls from Morocco who have been reported missing.

    Douae, 14, and Houda, 15, were last seen leaving the hostel they were staying at in Tavistock Place, WC1 at around 20:30hrs on Tuesday, 28 January.

    Both girls had arrived in London on Saturday, 25 January for a week-long stay as part of a student exchange programme run by an independent company. They were due to return to Morocco on 1 February.

    The programme the girls are on is not attached to a specific school and is run by a private company.

    Detective Chief Inspector Sarb Kaur from the Central North Command Unit said: “We are appealing for any information about Douae and Houda’s whereabouts. They have travelled from Morocco and are in a city and country that is not familiar to them, so the longer they remain missing then the greater our concern for their welfare is.

    “A team of detectives is working tirelessly to locate them and we are liaising with the Moroccan embassy and the company who organised the visit to ensure their families in Morocco are kept updated with any developments.”

    Anyone with information that could assist police is asked to call 101 or ‘X’ @MetCC and quote ref 01/7101825/25. For an immediate sighting of Douae and Houda please call 999 immediately.

    MIL Security OSI –

  • MIL-OSI Economics: RBI imposes monetary penalty on The Vadali Nagarik Sahakari Bank Ltd., Dist. Sabarkantha, Gujarat

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated January 28, 2025, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Vadali Nagarik Sahakari Bank Ltd., Dist. Sabarkantha, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances to directors, relatives and firms/concerns in which they are Interested’; ‘Placement of deposits with other banks by Primary (Urban) Co-operative Banks’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred in RBI under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

    The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had:

    1. sanctioned a loan wherein relative of its director stood as guarantor;

    2. failed to adhere to the prudential inter-bank (gross) and counterparty exposure limits; and

    3. failed to carry out periodic review of risk categorisation of certain accounts at least once in six months.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2043

    MIL OSI Economics –

  • MIL-OSI Economics: RBI imposes monetary penalty on The Kosamba Mercantile Co-operative Bank Ltd., Dist. Surat, Gujarat

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated January 28, 2025, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on The Kosamba Mercantile Co-operative Bank Ltd., Dist. Surat, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred in RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

    The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had failed to:

    1. adhere to the prudential inter-bank (gross) and counterparty exposure limits;

    2. upload the KYC records of customers onto Central KYC Records Registry (CKYCR) within the prescribed time; and

    3. carry out periodic review of risk categorisation of accounts at least once in six months.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2044

    MIL OSI Economics –

  • MIL-OSI Economics: RBI imposes monetary penalty on Shree Savli Nagrik Sahakari Bank Ltd., Dist. Vadodara, Gujarat

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated January 27, 2025, imposed a monetary penalty of ₹2.10 lakh (Rupees Two Lakh Ten Thousand only) on Shree Savli Nagrik Sahakari Bank Ltd., Dist. Vadodara, Gujarat (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and for non-compliance with certain directions issued by RBI on ‘Investment by Primary (Urban) Co-operative Banks’, ‘Know Your Customer (KYC)’ and ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act and Section 25 of the Credit Information Companies (Regulation) Act, 2005.

    The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2023. Based on supervisory findings of contravention of statutory provisions/non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said provisions and directions. After considering the bank’s reply to the notice, oral submissions made during the personal hearing and examination of additional submissions made by it, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had:

    1. failed to transfer eligible unclaimed amounts to the Depositor Education and Awareness Fund within the prescribed time;

    2. breached the ceiling of total investments held under Held to Maturity (HTM) category;

    3. failed to upload the KYC records of customers onto Central KYC Records Registry (CKYCR) within the prescribed time; and

    4. failed to submit credit information of its borrowers to three CICs.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2045

    MIL OSI Economics –

  • MIL-OSI Economics: Thales Alenia Space signs contract with ESA to develop the Argonaut Lunar Lander for cargo delivery

    Source: Thales Group

    Headline: Thales Alenia Space signs contract with ESA to develop the Argonaut Lunar Lander for cargo delivery

    The lander will fly to the Moon and land on its surface assuring the European autonomous access to the Moon

    • Thales Alenia Space plays a pioneering role to enable the European autonomous access to the Moon
    • The Argonaut lunar lander is designed to offer versatility in the frame of the Artemis program to deliver cargo, rovers and more, or as stand-alone scientific missions.
    • Thales Alenia Space’s consolidated legacy, advanced technology and long-standing expertise in space exploration puts the company at the cutting-edge of space and human exploration.

    Cannes, January 30th, 2025 – Thales Alenia Space, joint venture between Thales (67%) and Leonardo (33%), has signed a contract with the European Space Agency (ESA), worth € 862 Million, related to the design, the development and the delivery of the Lunar Descent Element (LDE) for ESA’s Argonaut Mission, including responsibility for mission design and integration.

    Planned to be launched from the 2030s, Argonaut will deliver cargo, infrastructure and scientific instruments to the Moon’s surface.

    The first mission is envisioned to deal with delivery of dedicated navigation and telecommunication payloads as well as energy generation and storage system, as European enterprises to explore the Lunar southern area.

    About Argonaut

    © Thales Alenia Space/Briot

    The Argonaut spacecraft consists of three main elements: the lunar descent element (LDE) for flying to the Moon and landing on the target, the cargo platform one, which is the interface between the lander and its payload, and finally, the element that the mission designers want to send to the Moon.

    Adaptability is a key element of Argonaut’s design, which is why the cargo platform is designed to accept any mission profile: cargo for astronauts near the landing site, a rover, technology demonstration packages, production facilities using lunar resources, a lunar telescope or even a power station. The project will strengthen Thales Alenia Space’s skills in several technological areas essential to space exploration beyond the Moon.

    The future space ecosystem requires new solutions dedicated to the transport and return of cargo from low Earth orbit and lunar orbit, as well as crew transport to low Earth orbit. Thales Alenia Space is ready to put in place what is needed to prepare for humanity’s future life and presence in Space, laying the foundations for the post-ISS era and meeting new economic needs for research and science.

    Argonaut consortium: who does what?

    Thales Alenia Space is the prime contractor for the development of the Lunar Descent Element. The overall mission responsibility, ie the use of the LDE and integration with payload, will be the subject of a separate procurement in the future. The Lunar Descent Element is an independent architecture block of the international lunar exploration activities, namely a versatile system to support a variety of missions.

    As prime contractor and system integrator of the Lunar Descent Element, Thales Alenia Space in Italy will lead the industrial consortium that will be responsible for the system, the entry descent and landing aspects, as well as the general and specific architectures of the thermomechanical, avionics and software chains. Thales Alenia Space in France and in the UK will respectively focus on data handling systems and propulsion. OHB System AG as additional core team member of the Thales Alenia Space consortium will be responsible for guidance, navigation and control (GNC), electrical power systems (EPS) and telecommunications (TT&C) aspects.

    “Argonaut lunar lander means a lot to our company” said Hervé Derrey, Thales Alenia Space CEO. “Thanks to this astonishing space vehicle, tons of cargo will be delivered to the Moon’s surface, including rovers, scientific missions and many more. This new element of the Artemis program will serve at facilitating long-duration manned lunar exploration missions and will be crucial to increase European autonomy in lunar exploration. The Moon will also serve as a stepping stone for crewed missions into deep space, with Mars being the next stage of the journey. I wanted to express my gratitude to ESA for awarding this new contract to our company. Today’s major achievement strengthens more than ever Thales Alenia Space’s leading positions in the fields of space transportation systems, orbital infrastructures and space exploration”.

    “We are truly honored that ESA has renewed its trust in our company by awarding Thales Alenia Space this major contract to develop the European lunar lander that will enable Europe to access autonomously to the Moon’s surface”, said Giampiero Di Paolo, Deputy CEO and Senior Vice President, Observation, Exploration and Navigation at Thales Alenia Space. “Today, with its longstanding expertise in space exploration infrastructure and vehicles, our company, in line with ESA’s and ASI’s visions, has decided to enhance its competitiveness by investing in the development of technological solutions to help Europe achieve its goals. Supplying a significant proportion of the International Space Station’s pressurized volume, playing a major role on board Artemis, manufacturing the backbone of Orion’s European service module and leading flagship transportation programs such as IXV or Space Rider, Thales Alenia Space is more than ever at the forefront of exploration and space transportation systems”.

     

    About Thales Alenia Space

    Drawing on over 40 years of experience and a unique combination of skills, expertise and cultures, Thales Alenia Space delivers cost-effective solutions for telecommunications, navigation, Earth observation, environmental management, exploration, science and orbital infrastructures. Governments and private industry alike count on Thales Alenia Space to design satellite-based systems that provide anytime, anywhere connections and positioning, monitor our planet, enhance management of its resources and explore our Solar System and beyond. Thales Alenia Space sees space as a new horizon, helping to build a better, more sustainable life on Earth. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space also teams up with Telespazio to form the parent companies’ Space Alliance, which offers a complete range of services. Thales Alenia Space posted consolidated revenues of approximately €2.2 billion in 2023 and has around 8,600 employees in 8 countries, with 16 sites in Europe.

    MIL OSI Economics –

  • MIL-OSI Global: From YMCA to MAGA: why Trump plays Village People at his rallies

    Source: The Conversation – UK – By William Rees, University of Exeter

    It was a bizarre sight watching a huge gay 1970s disco hit being performed at Donald Trump’s 2025 pre-inauguration rally. Many prominent artists from Beyoncé to Bruce Springsteen prohibit Trump from using their music. So why do Village People – a band synonymous with the 1970s gay liberation movement – allow their music to be associated with a political movement that has fixed and repressive ideas about sexual identity and morality?

    Village People’s recent incarnation has had a complicated relationship with the “make America great again” movement (Maga). In 2020, their song YMCA began featuring at Maga anti-lockdown rallies and soon became a prominent song in Trump’s re-election campaign.

    At the time, the band asked Trump not to use its music and later supported Kamala Harris for the presidency in 2024. Since then Village People have dramatically changed tack.

    To be clear, of the group that performed at Trump’s pre-inauguration rally, only one of the original Village People remains. The band, put together by the gay producers Jacques Morali and Henri Belolo in 1978, was named after New York’s Greenwich Village gay scene.

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    In the 1970s, the group was mostly gay-fronted except the first recruit, lead singer and co-songwriter Victor Willis (sometimes the policeman, sometimes the admiral figure). Willis took control of the name and the hits in 2017 after an out-of-court settlement with co-owner Henri Belolo.

    Willis is now the only member of the original line up still performing under the official band name. Perhaps to ensure mainstream popularity, he has tried to move Village People away from its gay associations – the biography on the band’s website makes no mention of the act’s significance to queer audiences. He recently wrote on Facebook that he will sue every news organisation that suggests “YMCA is somehow a gay anthem”.

    Victor Willis, the last remaining original member of Village People in a 1978 video for Just A Gigolo.

    But it’s difficult to untangle Village People from queer history as it was the trendsetting gay community of underground disco culture that made them famous. Record companies selected the songs and artists to promote based on how DJs reported their popularity in the hottest clubs. Many of these clubs were gay dominated, and disco itself was tied up with the growing confidence of the gay liberation movement in America and the era of sexual liberalisation that followed the 1960s.

    Jacques Morali put together Village People knowing the band could offer influential gay clubbers something they had always been denied: cultural representation, and with it, acknowledgement of their existence.

    It worked. One self-proclaimed “disco doll” writing to LGBTQ+ newspaper The Advocate in 1978 recalled first hearing Village People: “The music was very hot … and the words were about us, about our scene. I couldn’t believe it.”

    Village People’s innuendos and knowing references to gay culture often went over the heads of many straight listeners. Songs like Macho Man and the group’s hypermasculine image epitomised the “clone” movement in 1970s gay culture.

    Queer men, long derided for being effeminate, would bulk up at the gym and dress in leathers like bikers, effectively becoming more of an embodiment of masculinity than straight men. Go West was a reference to San Francisco’s more liberal environment for gay men. The YMCA was a place to “hang out with all the boys”.

    But skyrocketing into the mainstream made Village People an awkward fit for gay disco culture. This vibrant community wanted their own scene that was not part of the mainstream. They felt betrayed by a band publicly denying their gayness as they juggled the hardcore homosexual audience that had made them famous alongside a family-friendly audience.

    The backlash was fierce. A 1978 letter to gay lib magazine The Body Politic declared: “The commercial exploiters are disguising it to gain the commercially lucrative straight audience”, describing Village People as “traitors of the worst kind”.

    But even if they became momentarily unpopular in the hottest gay clubs, for many LGBTQ+ people, Village People’s hits have endured as anthems played at queer nights and Pride events. In their sound, appearance and sheer 1970-ness, they are undeniably camp icons.

    Which of course leads many to question why people attending Trump’s rallies – hardly famous for their inclusivity – would embrace their music. One explanation is that Maga audiences simply do not care about past gay associations as the music is simple, catchy and positive.

    Another is that just like the 1970s, the queer messaging of Village People’s music still goes over the heads of straight Maga audiences. Perhaps despite its past gay associations, they are consciously trying to culturally repurpose disco for their own movement. Or they’re trying to be ironic.

    Most likely, though, the music might have a particular meaning to LGBTQ+ audiences, it has other meanings depending on the context in which it is played. To many, Village People are the epitome of a novelty, apolitical pop group. Their hits are associated with weddings, children’s parties and good-time disco. The prosaic truth may be that Trump fans just enjoy a really catchy tune.

    But for Trump’s team, the use of these songs is politically calculated toward their core supporters who have changed the lyrics of YMCA to “MAGA”. And don’t forget Village People were joined at the pre-inauguration rally by WWE wrestling’s Hulk Hogan. Both are nostalgic late 20th-century acts that revel in blatant performances of muscled masculinity.

    They seem to be the embodiment of that imagined past of American virility that Trump vaguely refers to when he promises to make the nation “great again”. It’s not difficult to work out what Trump’s message is, especially when he dances along to Macho Man at rallies.

    Both these acts are carnivalesque, like Trump himself. They indicate an era of politics as spectacle, but beneath the surface messages, we must carefully pay attention to what is actually being said and done.

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

    – ref. From YMCA to MAGA: why Trump plays Village People at his rallies – https://theconversation.com/from-ymca-to-maga-why-trump-plays-village-people-at-his-rallies-248457

    MIL OSI – Global Reports –

  • MIL-OSI: Form 8.5 (EPT/RI) – Dowlais Group Plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.5 (EPT/RI)

    PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
    Rule 8.5 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)        Name of exempt principal trader: Investec Bank plc
    (b)        Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 Dowlais Group Plc        
    (c)        Name of the party to the offer with which exempt principal trader is connected: Investec is Broker to Dowlais Group Plc
    (d)        Date dealing undertaken: 29th January 2025
    (e)        In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        DEALINGS BY THE EXEMPT PRINCIPAL TRADER

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchases/ sales Total number of securities Highest price per unit paid/received Lowest price per unit paid/received

    Ordinary shares

    Purchases

    6,380,313

    76.55

    71.4481

    Ordinary shares

    Sales

    6,630,313

    76.65

    71.4481

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    N/A N/A N/A N/A N/A

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    N/A N/A N/A N/A N/A N/A N/A N/A

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
    N/A N/A N/A N/A N/A

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    N/A N/A N/A N/A

    3.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:
    (i)        the voting rights of any relevant securities under any option; or
    (ii)        the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
    None
    Date of disclosure: 30thJanuary 2025
    Contact name: Abhishek Gawde
    Telephone number: +91 9923757332

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [LEARNING TECHNOLOGIES GROUP PLC – 29 01 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 LEARNING TECHNOLOGIES GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 29 JANUARY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 0.375p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 9,668,896 1.2201    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 9,668,896 1.2201    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.375p ORDINARY SALE 6,500 86.5895p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 30 JANUARY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: NANO Nuclear Energy to Work with Thermal Engineering International to Fabricate Primary and Secondary Heat Exchangers for its Portable ODIN Microreactor

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., Jan. 30, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it has contracted with Thermal Engineering International (TEi), a Babcock Power Inc.® company, to advance the design and fabrication of several heat exchangers for use in NANO Nuclear’s proprietary, portable ODIN nuclear microreactor in development.

    TEi is a leading supplier of heat transfer technology to the electric power generation industry, designing and fabricating surface condensers, feedwater heaters, power plant heat exchangers and moisture separator reheaters for the world’s power generation industry continuously for over 100 years.

    “We are proud to support innovative SMR developers like NANO Nuclear with their heat exchange needs,” said Ken Murakoshi, President and CEO of Thermal Engineering International Inc. “TEi is excited to contribute to the successful deployment of NANO Nuclear’s ODIN transportable reactor and help advance clean, portable energy solutions for the future.”

    Under the terms of the contract, TEi will develop detailed designs for key heat exchanger technology integral to the ODIN microreactor. This includes the eventual fabrication of both primary and secondary heat exchangers. TEi will lead a broad, cross-functional initiative, drawing on its expertise to design practical heat transfer systems in collaboration with NANO Nuclear’s world-class technical team, from procurement to the eventual fabrication of the exchangers.

    “We are very pleased to take the next step in the development of the ODIN microreactor in tandem with TEi, who we believe have valuable expertise in this sector,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “The design and fabrication of heat exchangers will mark a critical milestone in ODIN’s development roadmap, and TEi is well-equipped to oversee this essential phase. By designing and fabricating these heat transfer technologies, we can advance our testing and demonstration efforts that will support our prototype construction, while equipping our world-class technical teams with data that can be broadly applied to our other reactors in development.”

    Figure 1 – NANO Nuclear Energy Inc. to Work with Thermal Engineering International to Design and Fabricate Key Enabling Heat Transfer Technology for Use in its ODIN Microreactor.

    “Collaborating with an industry-leading manufacturer on the design of our heat exchangers marks a major stride in advancing the plans for our portable ODIN microreactor,” said Prof. Eugene Shwageraus, Lead of Nuclear Reactor Engineering of NANO Nuclear Energy. “By having such a reputable industry partner for both primary and secondary exchanger designs, we can optimize performance while maintaining the highest safety standards and ensure that the reactor functions at the highest achievable efficiency. We believe this collaboration will help minimize developments risks going forward and ensure we meet performance benchmarks before advancing to full demonstration.”

    The heat transfer systems are essential components within NANO Nuclear’s innovative portable ODIN microreactor and their integration marks a significant milestone in advancing NANO Nuclear’s proprietary microreactor toward demonstration, regulatory licensing and eventual market introduction. This agreement builds on the work done by NANO Nuclear’s world-class technical team and follows last year’s external technical audit of the ODIN reactor by the Idaho National Laboratory, during which crucial design solutions and the system components were examined, reassuring the design development strategy.

    “Incorporating the heat exchangers into a compact system like ODIN marks a significant milestone in advancing our proprietary microreactor design” said Prof. Ian Farnan, Lead for Nuclear Fuel Cycle, Radiation and Materials at NANO Nuclear Energy. “TEi’s expertise is well known in designing these critical heat transfer solutions. Accelerating this aspect of the compact reactor design is vital for meeting our milestones and ensuring that the microreactor meets our operational requirements.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors. NANO Nuclear is also developing patented stationary KRONOS MMR™ Energy System and space focused, portable LOKI MMR™.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:
    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy X PLATFORM

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. In this press release, forward-looking statements relate to, among other things, the anticipated benefits to NANO Nuclear of its relationship with Tei as described herein (including the potential for progressing the development, demonstration, regulatory licensing and commercial deployment of the ODIN microreactor). Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: Easy Metrics Launches Profit Management Solution to Enhance 3PL Operating Margins up to 3%

    Source: GlobeNewswire (MIL-OSI)

    BELLEVUE, Wash., Jan. 30, 2025 (GLOBE NEWSWIRE) — Despite the third-party logistics (3PL) industry reaching $194B in revenue last year, 40% of 3PLs struggled to increase profits*. Easy Metrics addresses this profitability gap with Easy Metrics Profit Management, a new SaaS solution that provides real-time profitability insights by customer, process, and site. With instant access to profitability data, 3PLs can now optimize operating margins and boost their bottom line while eliminating weeks of manual reporting.

    “This real-time profitability data is a game-changer for 3PLs,” commented Dan Keto, President and CTO of Easy Metrics. “Knowing each customer’s operating margin enables 3PLs to price competitively, negotiate pricing based on objective data, and boost operating margins by up to 3%. For 3PLs with typical operating margins of 20-30%, that’s a significant impact because it goes straight to the bottom line.”

    Enhanced pricing transparency, supported by objective data, strengthens customer relationships for 3PLs. Since 3PL customers often value service over price, sharing operational data simplifies pricing discussions and builds trust. This transparency helps 3PLs retain key customers and attract new ones by showcasing their value. National Logistics Services, which piloted Easy Metrics Profit Management, demonstrated this impact. Val Ramoop, Vice President of Operations at NLS, said, “Ultimately, the data speaks for itself. If there are deviations, we can show our clients, ‘This is what’s driving your cost per unit.’”

    Multi-tenant 3PLs, especially those with multiple sites, gain the most from Easy Metrics’ Profit Management. The innovative technology delivers daily profit analysis for a 3PL’s entire network, breaking down costs by site, customer, process, or timeframe—monthly, weekly, or daily. This level of detail allows 3PLs to pinpoint unprofitable processes or activities for precise troubleshooting and improvement. “With significant bottom-line gains through better pricing and the ability to identify and address unprofitable activities, 3PLs using our solution will have a clear edge in today’s ultra-competitive environment,” stated Keto.

    Easy Metrics Profit Management integrates with Easy Metrics ProTrack™ or any Labor Management System (LMS) that allocates time spent on a process as employees perform work. For 3PLs without an LMS, Easy Metrics offers OpsFM™ alongside Profit Management, allowing them to get up and running quickly.

    “We founded Easy Metrics to help warehouse executives address cost challenges by providing data that empowers them to make daily business decisions. Profit Management builds on this vision by connecting activity-based costing to revenue, allowing executives to view their operational cost structure as a profit center and maximize daily value for customers and shareholders,” concluded Dean Dorcas, Co-Founder and CEO of Easy Metrics.

    *Source: https://www.inboundlogistics.com/articles/2024-perspectives-3pl-market-research-report/

    About Easy Metrics
    Operations and finance leaders use Easy Metrics’ cloud platform to analyze, forecast, and manage the cost and performance of their warehouse operations. Easy Metrics empowers leaders to drive operational speed and efficiency, cut waste, prioritize investments, and adopt labor and automation strategies that fuel their business growth. Easy Metrics is based in Bellevue, Washington and is backed by Nexa Equity, a private equity firm based in San Francisco, CA. For more information, please visit https://easymetrics.com.

    About Nexa Equity
    Nexa Equity is a San Francisco, California-based private equity firm that partners with founder-led, rapidly scaling SaaS companies that address markets underserved by technology to create enduring value for the benefit of its investors and portfolio companies. The firm has more than $350 million in private equity capital under management and is focused on continuing to grow its portfolio of companies. The Nexa Equity team brings substantial investing and operational experience and helps management teams professionalize and scale their businesses while driving long-term sustainable growth. For more information, please visit www.nexaequity.com.

    Contact:

    Easy Metrics
    Ronda Broughton
    650-400-8940
    ronda@easymetrics.com

    A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/395656b7-159e-4d2c-af6b-cd40faded991

    The MIL Network –

  • MIL-OSI: Parker Reports Fiscal 2025 Second Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    CLEVELAND, Jan. 30, 2025 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter ended December 31, 2024, that included the following highlights (compared with the prior year quarter):

    Fiscal 2025 Second Quarter Highlights:

    • Sales were $4.7 billion; organic sales growth was 1%
    • Net income was $949 million, an increase of 39%, or $853 million adjusted, an increase of 6%
    • EPS were $7.25, an increase of 39%, or $6.53 adjusted, an increase of 6%
    • Segment operating margin was 22.1%, an increase of 100 bps, or 25.6% adjusted, an increase of 110 bps
    • YTD cash flow from operations increased 24% to $1.7 billion, or 17.4% of sales

    “Our performance this quarter reflects our focus on operational excellence and the strength of our balanced portfolio,” said Jenny Parmentier, Chairman and Chief Executive Officer. “We delivered record segment operating margin across all businesses, record earnings per share and year-to-date cash flow from operations. Strong cash flow from operations coupled with proceeds from previously announced divestitures allowed us to substantially reduce debt by $1.1 billion this quarter. We are encouraged to see industrial orders turn positive mainly in our longer-cycle businesses. Looking ahead, we have updated our outlook for fiscal year 2025 to reflect stronger Aerospace growth, currency headwinds and a continued delay in the expected industrial recovery. Our strong cash generation creates capital deployment optionality, and we remain committed to our strategy of actively deploying capital to drive shareholder value.”

    This news release contains non-GAAP financial measures. Reconciliations of adjusted numbers and certain non-GAAP financial measures are included in the financial tables of this press release.

    Outlook

    Guidance for the fiscal year ending June 30, 2025 has been updated. The company expects:

    • Sales growth in fiscal 2025 of (2%) to 1%, with organic sales growth of approximately 2%; divestitures of (1.5%) and unfavorable currency of (1.0%)
    • Total segment operating margin of approximately 22.7%, or approximately 25.8% on an adjusted basis
    • EPS of $24.46 to $25.06, or $26.40 to $27.00 on an adjusted basis

    Segment Results

    Diversified Industrial Segment

    North America Businesses              
    $ in mm FY25 Q2   FY24 Q2   Change   Organic Growth
    Sales $ 1,928     $ 2,110       -8.6 %     -5.0 %
    Segment Operating Income $ 427     $ 462       -7.6 %    
    Segment Operating Margin   22.1 %     21.9 %   20 bps    
    Adjusted Segment Operating Income $ 473     $ 510       -7.2 %    
    Adjusted Segment Operating Margin   24.6 %     24.2 %   40 bps    
    • Achieved record adjusted segment operating margin
    • Continued softness in transportation and off-highway markets
    • Delayed industrial recovery
    International Businesses      
    $ in mm FY25 Q2   FY24 Q2   Change   Organic Growth
    Sales $ 1,325     $ 1,404       -5.7 %     -3.0 %
    Segment Operating Income $ 284     $ 290       -2.2 %        
    Segment Operating Margin   21.4 %     20.7 %   70 bps        
    Adjusted Segment Operating Income $ 320     $ 323       -1.2 %        
    Adjusted Segment Operating Margin   24.1 %     23.0 %   110 bps        
    • Achieved record adjusted segment operating margin
    • Broad-based softness continued in Europe
    • Gradual recovery continued in Asia

    Aerospace Systems Segment

    $ in mm FY25 Q2   FY24 Q2   Change   Organic Growth
    Sales $ 1,490     $ 1,306       14.0 %     14.0 %
    Segment Operating Income $ 338     $ 263       28.5 %    
    Segment Operating Margin   22.7 %     20.1 %   260 bps    
    Adjusted Segment Operating Income $ 420     $ 347       21.2 %    
    Adjusted Segment Operating Margin   28.2 %     26.5 %   170 bps    
    • Achieved record sales and adjusted segment operating margin
    • Achieved 14% organic sales growth
    • 20%+ aftermarket and mid-single digit OEM sales growth

    Order Rates

      FY25 Q2
    Parker +5 %
    Diversified Industrial Segment – North America Businesses +3 %
    Diversified Industrial Segment – International Businesses +4 %
    Aerospace Systems Segment +9 %
    • Company order rates increased across all reported businesses
    • North America orders turned positive on long-cycle strength
    • International order growth continued, led by Asia
    • Aerospace orders accelerated against a tough prior year comparison

    About Parker Hannifin
    Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at www.parker.com or @parkerhannifin.

    Contacts:  
    Media: Financial Analysts:
    Aidan Gormley Jeff Miller
    216-896-3258 216-896-2708
    aidan.gormley@parker.com jeffrey.miller@parker.com
       

    Notice of Webcast
    Parker Hannifin’s conference call and slide presentation to discuss its fiscal 2025 second quarter results are available to all interested parties via live webcast today at 11:00 a.m. ET, at investors.parker.com. A replay of the webcast will be available on the site approximately one hour after the completion of the call and will remain available for one year. To register for e-mail notification of future events please visit investors.parker.com.

    Note on Orders The company reported orders for the quarter ending December 31, 2024, compared with the same quarter a year ago. All comparisons are at constant currency exchange rates, with the prior year quarter restated to the current-year rates, and exclude divestitures. Diversified Industrial comparisons are on 3-month average computations and Aerospace Systems comparisons are on rolling 12-month average computations.

    Note on Non-GAAP Financial Measures
    This press release contains references to non-GAAP financial information including (a) adjusted net income; (b) adjusted earnings per share; (c) adjusted operating margin and segment operating margins; (d) adjusted operating income and segment operating income and (e) organic sales growth. The adjusted net income, adjusted earnings per share, adjusted operating margin, adjusted segment operating margin, adjusted operating income, adjusted segment operating income and organic sales measures are presented to allow investors and the company to meaningfully evaluate changes in net income, earnings per share and segment operating margins on a comparable basis from period to period. Although adjusted net income, adjusted earnings per share, adjusted operating margin and segment operating margins, adjusted operating income and segment operating income, and organic sales growth are not measures of performance calculated in accordance with GAAP, we believe that they are useful to an investor in evaluating the results of this quarter versus the prior period. Comparable descriptions of record adjusted results in this release refer only to the period from the first quarter of FY2011 to the periods presented in this release. This period coincides with recast historical financial results provided in association with our FY2014 change in segment reporting. A reconciliation of non-GAAP measures is included in the financial tables of this press release.

    Forward-Looking Statements
    Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. Often but not always, these statements may be identified from the use of forward-looking terminology such as “anticipates,” “believes,” “may,” “should,” “could,” “expects,” “targets,” “is likely,” “will,” or the negative of these terms and similar expressions, and may also include statements regarding future performance, orders, earnings projections, events or developments. Parker cautions readers not to place undue reliance on these statements. It is possible that the future performance may differ materially from expectations, including those based on past performance.

    Among other factors that may affect future performance are: changes in business relationships with and orders by or from major customers, suppliers or distributors, including delays or cancellations in shipments; disputes regarding contract terms, changes in contract costs and revenue estimates for new development programs; changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions and similar transactions; ability to successfully divest businesses planned for divestiture and realize the anticipated benefits of such divestitures; the determination and ability to successfully undertake business realignment activities and the expected costs, including cost savings, thereof; ability to implement successfully business and operating initiatives, including the timing, price and execution of share repurchases and other capital initiatives; availability, cost increases of or other limitations on our access to raw materials, component products and/or commodities if associated costs cannot be recovered in product pricing; ability to manage costs related to insurance and employee retirement and health care benefits; legal and regulatory developments and other government actions, including related to environmental protection, and associated compliance costs; supply chain and labor disruptions, including as a result of tariffs and labor shortages; threats associated with international conflicts and cybersecurity risks and risks associated with protecting our intellectual property; uncertainties surrounding the ultimate resolution of outstanding legal proceedings, including the outcome of any appeals; effects on market conditions, including sales and pricing, resulting from global reactions to U.S. trade policies; manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and economic conditions such as inflation, deflation, interest rates and credit availability; inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals; changes in the tax laws in the United States and foreign jurisdictions and judicial or regulatory interpretations thereof; and large scale disasters, such as floods, earthquakes, hurricanes, industrial accidents and pandemics. Readers should also consider forward-looking statements in light of risk factors discussed in Parker’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024 and other periodic filings made with the SEC.

    CONSOLIDATED STATEMENT OF INCOME
      Three Months Ended   Six Months Ended
    (Unaudited) December 31,   December 31,
    (Dollars in thousands, except per share amounts)   2024       2023       2024       2023  
    Net sales $ 4,742,593     $ 4,820,947     $ 9,646,577     $ 9,668,435  
    Cost of sales   3,022,229       3,101,962       6,119,948       6,199,311  
    Selling, general and administrative expenses   782,421       806,802       1,631,210       1,680,493  
    Interest expense   100,802       129,029       213,893       263,497  
    Other income, net   (328,716 )     (85,011 )     (359,517 )     (163,466 )
    Income before income taxes   1,165,857       868,165       2,041,043       1,688,600  
    Income taxes   217,208       186,108       393,866       355,471  
    Net income   948,649       682,057       1,647,177       1,333,129  
    Less: Noncontrolling interests   107       206       215       451  
    Net income attributable to common shareholders $ 948,542     $ 681,851     $ 1,646,962     $ 1,332,678  
                   
    Earnings per share attributable to common shareholders:              
    Basic earnings per share $ 7.37     $ 5.31     $ 12.80     $ 10.38  
    Diluted earnings per share $ 7.25     $ 5.23     $ 12.60     $ 10.23  
                   
    Average shares outstanding during period – Basic   128,752,836       128,426,247       128,707,962       128,449,398  
    Average shares outstanding during period – Diluted   130,758,808       130,367,351       130,716,482       130,314,326  
                   
                   
    CASH DIVIDENDS PER COMMON SHARE              
      Three Months Ended   Six Months Ended
    (Unaudited) December 31,   December 31,
    (Amounts in dollars)   2024       2023       2024       2023  
    Cash dividends per common share $ 1.63     $ 1.48     $ 3.26     $ 2.96  
                   
    RECONCILIATION OF ORGANIC GROWTH
    (Unaudited) Three Months Ended
      As Reported           Adjusted
      December 31, 2024   Currency   Divestitures   December 31, 2024
    Diversified Industrial Segment   (7.4 )%     (1.3 )%     (1.9 )%     (4.2 )%
    Aerospace Systems Segment   14.0 %     — %     — %     14.0 %
    Total   (1.6 )%     (0.9 )%     (1.4 )%     0.7 %
                   
    (Unaudited) Six Months Ended
      As Reported           Adjusted
      December 31, 2024   Currency   Divestitures   December 31, 2024
    Diversified Industrial Segment   (5.9 )%     (0.8 )%     (1.0 )%     (4.1 )%
    Aerospace Systems Segment   15.9 %     0.3 %     — %     15.6 %
    Total   (0.2 )%     (0.5 )%     (0.8 )%     1.1 %
    RECONCILIATION OF NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS TO ADJUSTED NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS
      Three Months Ended   Six Months Ended
    (Unaudited) December 31,   December 31,
    (Dollars in thousands)   2024       2023       2024       2023  
    Net income attributable to common shareholders $ 948,542     $ 681,851     $ 1,646,962     $ 1,332,678  
    Adjustments:              
    Acquired intangible asset amortization expense   138,126       142,027       278,247       297,547  
    Business realignment charges   20,855       14,354       30,361       27,446  
    Integration costs to achieve   6,893       10,014       13,304       16,420  
    Gain on sale of building   —       —       (10,461 )     —  
    Gain on divestitures   (249,748 )     (12,391 )     (249,748 )     (25,651 )
    Tax effect of adjustments1   (11,437 )     (33,476 )     (45,648 )     (69,624 )
    Adjusted net income attributable to common shareholders $ 853,231     $ 802,379     $ 1,663,017     $ 1,578,816  
                   
    RECONCILIATION OF EARNINGS PER DILUTED SHARE TO ADJUSTED EARNINGS PER DILUTED SHARE
      Three Months Ended   Six Months Ended
    (Unaudited) December 31,   December 31,
    (Amounts in dollars)   2024       2023       2024       2023  
    Earnings per diluted share $ 7.25     $ 5.23     $ 12.60     $ 10.23  
    Adjustments:              
    Acquired intangible asset amortization expense   1.06       1.09       2.13       2.28  
    Business realignment charges   0.16       0.11       0.23       0.21  
    Integration costs to achieve   0.05       0.08       0.10       0.13  
    Gain on sale of building   —       —       (0.08 )     —  
    Gain on divestitures   (1.91 )     (0.10 )     (1.91 )     (0.20 )
    Tax effect of adjustments1   (0.08 )     (0.26 )     (0.33 )     (0.53 )
    Adjusted earnings per diluted share $ 6.53     $ 6.15     $ 12.74     $ 12.12  
                   
    1This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.
    BUSINESS SEGMENT INFORMATION              
      Three Months Ended   Six Months Ended
    (Unaudited) December 31,   December 31,
    (Dollars in thousands)   2024       2023       2024       2023  
    Net sales              
    Diversified Industrial $ 3,252,806     $ 3,514,473     $ 6,708,964     $ 7,133,001  
    Aerospace Systems   1,489,787       1,306,474       2,937,613       2,535,434  
    Total net sales $ 4,742,593     $ 4,820,947     $ 9,646,577     $ 9,668,435  
    Segment operating income              
    Diversified Industrial $ 710,562     $ 752,334     $ 1,494,108     $ 1,559,088  
    Aerospace Systems   338,184       263,112       661,170       489,372  
    Total segment operating income   1,048,746       1,015,446       2,155,278       2,048,460  
    Corporate general and administrative expenses   56,264       49,902       105,058       105,558  
    Income before interest expense and other income, net   992,482       965,544       2,050,220       1,942,902  
    Interest expense   100,802       129,029       213,893       263,497  
    Other income, net   (274,177 )     (31,650 )     (204,716 )     (9,195 )
    Income before income taxes $ 1,165,857     $ 868,165     $ 2,041,043     $ 1,688,600  
    RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
      Three Months Ended   Six Months Ended
    (Unaudited) December 31,   December 31,
    (Dollars in thousands)   2024       2023       2024       2023  
    Diversified Industrial Segment sales $ 3,252,806     $ 3,514,473     $ 6,708,964     $ 7,133,001  
                   
    Diversified Industrial Segment operating income $ 710,562     $ 752,334     $ 1,494,108     $ 1,559,088  
    Adjustments:              
    Acquired intangible asset amortization   62,570       67,309       127,834       135,260  
    Business realignment charges   19,343       13,285       28,243       25,924  
    Integration costs to achieve   627       871       1,405       2,010  
    Adjusted Diversified Industrial Segment operating income $ 793,102     $ 833,799     $ 1,651,590     $ 1,722,282  
                   
    Diversified Industrial Segment operating margin   21.8 %     21.4 %     22.3 %     21.9 %
    Adjusted Diversified Industrial Segment operating margin   24.4 %     23.7 %     24.6 %     24.1 %
                   
      Three Months Ended   Six Months Ended
    (Unaudited) December 31,   December 31,
    (Dollars in thousands)   2024       2023       2024       2023  
    Aerospace Systems Segment sales $ 1,489,787     $ 1,306,474     $ 2,937,613     $ 2,535,434  
                   
    Aerospace Systems Segment operating income $ 338,184     $ 263,112     $ 661,170     $ 489,372  
    Adjustments:              
    Acquired intangible asset amortization   75,556       74,718       150,413       162,287  
    Business realignment charges   386       (123 )     394       330  
    Integration costs to achieve   6,266       9,143       11,899       14,410  
    Adjusted Aerospace Systems Segment operating income $ 420,392     $ 346,850     $ 823,876     $ 666,399  
                   
    Aerospace Systems Segment operating margin   22.7 %     20.1 %     22.5 %     19.3 %
    Adjusted Aerospace Systems Segment operating margin   28.2 %     26.5 %     28.0 %     26.3 %
                   
    RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
      Three Months Ended   Six Months Ended
    (Unaudited) December 31,   December 31,
    (Dollars in thousands)   2024       2023       2024       2023  
    Total net sales $ 4,742,593     $ 4,820,947     $ 9,646,577     $ 9,668,435  
                   
    Total segment operating income $ 1,048,746     $ 1,015,446     $ 2,155,278     $ 2,048,460  
    Adjustments:              
    Acquired intangible asset amortization   138,126       142,027       278,247       297,547  
    Business realignment charges   19,729       13,162       28,637       26,254  
    Integration costs to achieve   6,893       10,014       13,304       16,420  
    Adjusted total segment operating income $ 1,213,494     $ 1,180,649     $ 2,475,466     $ 2,388,681  
                   
    Total segment operating margin   22.1 %     21.1 %     22.3 %     21.2 %
    Adjusted total segment operating margin   25.6 %     24.5 %     25.7 %     24.7 %
    CONSOLIDATED BALANCE SHEET      
    (Unaudited) December 31,   June 30,
    (Dollars in thousands)   2024       2024  
    Assets      
    Current assets:      
    Cash and cash equivalents $ 395,507     $ 422,027  
    Trade accounts receivable, net   2,445,845       2,865,546  
    Non-trade and notes receivable   304,829       331,429  
    Inventories   2,806,983       2,786,800  
    Prepaid expenses   246,467       252,618  
    Other current assets   148,831       140,204  
    Total current assets   6,348,462       6,798,624  
    Property, plant and equipment, net   2,800,992       2,875,668  
    Deferred income taxes   87,400       92,704  
    Investments and other assets   1,232,636       1,207,232  
    Intangible assets, net   7,444,670       7,816,181  
    Goodwill   10,357,303       10,507,433  
    Total assets $ 28,271,463     $ 29,297,842  
           
    Liabilities and equity      
    Current liabilities:      
    Notes payable and long-term debt payable within one year $ 2,373,286     $ 3,403,065  
    Accounts payable, trade   1,794,884       1,991,639  
    Accrued payrolls and other compensation   420,477       581,251  
    Accrued domestic and foreign taxes   364,143       354,659  
    Other accrued liabilities   1,034,501       982,695  
    Total current liabilities   5,987,291       7,313,309  
    Long-term debt   6,667,955       7,157,034  
    Pensions and other postretirement benefits   409,873       437,490  
    Deferred income taxes   1,394,882       1,583,923  
    Other liabilities   684,401       725,193  
    Shareholders’ equity   13,118,553       12,071,972  
    Noncontrolling interests   8,508       8,921  
    Total liabilities and equity $ 28,271,463     $ 29,297,842  
    CONSOLIDATED STATEMENT OF CASH FLOWS      
      Six Months Ended
    (Unaudited) December 31,
    (Dollars in thousands)   2024       2023  
    Cash flows from operating activities:      
    Net income $ 1,647,177     $ 1,333,129  
    Depreciation and amortization   454,869       468,165  
    Stock incentive plan compensation   106,472       108,061  
    Gain on sale of businesses   (250,373 )     (25,964 )
    (Gain) loss on property, plant and equipment and intangible assets   (6,975 )     5,097  
    Net change in receivables, inventories and trade payables   70,981       (42,804 )
    Net change in other assets and liabilities   (405,002 )     (407,366 )
    Other, net   61,584       (86,331 )
    Net cash provided by operating activities   1,678,733       1,351,987  
    Cash flows from investing activities:      
    Capital expenditures   (216,493 )     (204,117 )
    Proceeds from sale of property, plant and equipment   13,259       1,360  
    Proceeds from sale of businesses   622,182       74,595  
    Other, net   (6,941 )     (2,954 )
    Net cash provided by (used in) investing activities   412,007       (131,116 )
    Cash flows from financing activities:      
    Net payments for common stock activity   (189,681 )     (136,394 )
    Acquisition of noncontrolling interests   —       (2,883 )
    Net payments for debt   (1,494,484 )     (784,847 )
    Dividends paid   (420,061 )     (381,115 )
    Net cash used in financing activities   (2,104,226 )     (1,305,239 )
    Effect of exchange rate changes on cash   (13,034 )     (7,999 )
    Net decrease in cash and cash equivalents   (26,520 )     (92,367 )
    Cash and cash equivalents at beginning of year   422,027       475,182  
    Cash and cash equivalents at end of period $ 395,507     $ 382,815  
           
    RECONCILIATION OF FORECASTED ORGANIC GROWTH  
    (Unaudited)  
    (Amounts in percentages) Fiscal Year 2025
    Forecasted net sales (2%) to 1%
    Adjustments:  
    Currency 1.0%
    Divestitures 1.5%
    Adjusted forecasted net sales 0.5% to 3.5%
       
    RECONCILIATION OF FORECASTED SEGMENT OPERATING MARGIN TO ADJUSTED FORECASTED SEGMENT OPERATING MARGIN
       
    (Unaudited)  
    (Amounts in percentages) Fiscal Year 2025
    Forecasted segment operating margin ~ 22.7%
    Adjustments:  
    Business realignment charges 0.2%
    Costs to achieve 0.1%
    Acquisition-related intangible asset amortization expense 2.8%
    Adjusted forecasted segment operating margin ~ 25.8%
       
     
    RECONCILIATION OF FORECASTED EARNINGS PER DILUTED SHARE TO ADJUSTED FORECASTED EARNINGS PER DILUTED SHARE
       
    (Unaudited)  
    (Amounts in dollars) Fiscal Year 2025
    Forecasted earnings per diluted share $24.46 to $25.06
    Adjustments:  
    Business realignment charges 0.39
    Costs to achieve 0.15
    Acquisition-related intangible asset amortization expense 4.22
    Net gain on divestitures (1.91)
    Gain on sale of building (0.08)
    Tax effect of adjustments1 (0.83)
    Adjusted forecasted earnings per diluted share $26.40 to $27.00
       
       
    1This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.
       
    Note: Totals may not foot due to rounding
    SUPPLEMENTAL INFORMATION
                   
    BUSINESS SEGMENT INFORMATION              
      Three Months Ended   Six Months Ended
    (Unaudited) December 31,   December 31,
    (Dollars in thousands)   2024       2023       2024       2023  
    Net sales              
    Diversified Industrial:              
    North America businesses $ 1,928,008     $ 2,110,203     $ 4,028,332     $ 4,340,109  
    International businesses   1,324,798       1,404,270       2,680,632       2,792,892  
                   
    Segment operating income              
    Diversified Industrial:              
    North America businesses $ 426,567     $ 461,850     $ 911,130     $ 967,903  
    International businesses   283,995       290,484       582,978       591,185  
    RECONCILIATION OF ORGANIC GROWTH            
    (Unaudited) Three Months Ended
      As Reported               Adjusted
      December 31, 2024     Currency     Divestitures   December 31, 2024
    Diversified Industrial Segment:                          
    North America businesses   (8.6 )%     (0.4 )%     (3.2 )%     (5.0 )%
    International businesses   (5.7 )%     (2.7 )%     — %     (3.0 )%
                               
    (Unaudited) Six Months Ended
        As Reported                   Adjusted  
        December 31, 2024       Currency     Divestitures     December 31, 2024  
    Diversified Industrial Segment:                          
    North America businesses   (7.2 )%     (0.5 )%     (1.7 )%     (5.0 )%
    International businesses   (4.0 )%     (1.3 )%     — %     (2.7 )%
    RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
      Three Months Ended   Six Months Ended
    (Unaudited) December 31,   December 31,
    (Dollars in thousands)   2024       2023       2024       2023  
    Diversified Industrial Segment:              
    North America businesses sales $ 1,928,008     $ 2,110,203     $ 4,028,332     $ 4,340,109  
                   
    North America businesses operating income $ 426,567     $ 461,850     $ 911,130     $ 967,903  
    Adjustments:              
    Acquired intangible asset amortization   40,985       44,699       83,960       89,382  
    Business realignment charges   5,444       3,250       8,888       5,834  
    Integration costs to achieve   445       562       1,050       1,507  
    Adjusted North America businesses operating income $ 473,441     $ 510,361     $ 1,005,028     $ 1,064,626  
                   
    North America businesses operating margin   22.1 %     21.9 %     22.6 %     22.3 %
    Adjusted North America businesses operating margin   24.6 %     24.2 %     24.9 %     24.5 %
                   
      Three Months Ended   Six Months Ended
    (Unaudited) December 31,   December 31,
    (Dollars in thousands)   2024       2023       2024       2023  
    Diversified Industrial Segment:              
    International businesses sales $ 1,324,798     $ 1,404,270     $ 2,680,632     $ 2,792,892  
                   
    International businesses operating income $ 283,995     $ 290,484     $ 582,978     $ 591,185  
    Adjustments:              
    Acquired intangible asset amortization   21,585       22,610       43,874       45,878  
    Business realignment charges   13,899       10,035       19,355       20,090  
    Integration costs to achieve   182       309       355       503  
    Adjusted International businesses operating income $ 319,661     $ 323,438     $ 646,562     $ 657,656  
                   
    International businesses operating margin   21.4 %     20.7 %     21.7 %     21.2 %
    Adjusted International businesses operating margin   24.1 %     23.0 %     24.1 %     23.5 %

    The MIL Network –

  • MIL-OSI Economics: Special Senior Officials Meeting on Energy discusses ASEAN energy cooperation

    Source: ASEAN – Association of SouthEast Asian Nations

    The Special Senior Officials Meeting on Energy (SOME) 2025 and its Associated Meetings were held from January 22-24, 2025, in Langkawi, Malaysia. Secretary General of the Ministry of Energy Transition and Water Transformation (PETRA), Dato’ Mad Zaidi bin Mohd Karli, as the SOME Chair, led the discussion on the planning of the work plan of ASEAN energy cooperation for the year ahead.

    The Meeting endorsed the Priority Economic Deliverable (PED) and Priorities of the energy sector to be implemented in 2025 under Malaysia Chairmanship. Notably, the Meeting endorsed the text of ASEAN Power Grid (APG) Enhanced MoU including its Term of Reference (ToR) APG Related Bodies, as well as the ASEAN Framework Agreement for Petroleum Security, which are planned to be signed this year.

    The post Special Senior Officials Meeting on Energy discusses ASEAN energy cooperation appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Climate Minister in Brussels to kickstart growth in the North Seas

    Source: United Kingdom – Executive Government & Departments 2

    Climate Minister forges stronger UK-EU cooperation to drive growth and energy security.

    • Closer UK-EU cooperation in the North Seas to deliver growth and greater energy security
    • new independent report shows economic benefits of working with EU on clean energy
    • collaboration with European partners on the clean energy transition will help to drive government’s Plan for Change, protecting bills and creating thousands of jobs

    Cooperation on the North Seas was at the top of the agenda for Climate Minister Kerry McCarthy’s first visit to Brussels yesterday (Tuesday 28 January). 

    During the visit, Minister McCarthy delivered a keynote speech to European leaders at the European Energy Forum, where she said that by working together the UK and the EU can turn the North Seas into the green power plant of Europe and unlock thousands of well-paid, skilled British jobs. 

    This comes as independent consultants Grant Thornton publish a report commissioned by the Department for Energy Security and Net Zero, which finds that closer cooperation on the clean energy transition in the North Seas could lower bills, create up to 51,000 jobs, and add up to £36 billion to the UK economy.  

    Minister McCarthy also made the case to EU counterparts that the energy transition in the North Seas will ensure the oil and gas workforce are the ones who deliver the North Sea’s decarbonised future, through offshore wind, carbon capture and storage and hydrogen.  

    Climate Minister Kerry McCarthy said:

    The EU is a crucial ally in bolstering our energy security and protecting families and businesses across Europe from volatile fossil fuel markets.  

    There is so much more we can do to speed up the clean energy transition, deliver our Plan for Change and make the North Seas the green power plant of Europe. 

    Through greater cooperation, we can build on our Mission to make Britain a clean energy superpower by 2030 helping keep bills down and kickstarting economic growth. 

    Tsvetelina Penkova President of the European Energy Forum and Member of the European Parliament said: 

    We simply have to build a robust cooperation between the EU and the UK on energy matters. It is crucial for addressing our shared challenges and ensuring energy security.  

    Key areas such as energy grids, connectivity and nuclear power require close collaboration to strengthen infrastructure, drive innovation, and support the transition to cleaner, more sustainable energy systems. By working together, we can create a more resilient and interconnected energy network that benefits both parties and contributes to a secure and sustainable energy future. 

    Minister McCarthy has met with a series of international partners including Belgian Energy Minister, Tinne van der Straeten and the European Union’s Principal Adviser on Energy Diplomacy, Tibor Stelaczky.  

    The visit comes as the UK continues work to reset its relationship with Europe, an ambition grounded in a new spirit of co-operation intended to strengthen ties, tackle barriers to trade and collaborate in the face of shared global challenges from climate change to illegal migration.

    Updates to this page

    Published 29 January 2025

    MIL OSI United Kingdom –

  • MIL-OSI Economics: RBI imposes monetary penalty on The Odisha State Co-operative Bank Ltd

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated January 28, 2025, imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on The Odisha State Co-operative Bank Ltd., (the bank) for non-compliance with the provisions of Section 9 and Section 26A of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and 56 of BR Act.

    The statutory inspection of the bank was conducted by the National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023. Based on supervisory findings of contravention of statutory provisions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for contravention of provisions of the BR Act. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had:

    1. failed to dispose of certain Non-Banking Assets within the prescribed period; and

    2. failed to transfer eligible unclaimed amounts to the Depositor Education and Awareness Fund within the prescribed time.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2042

    MIL OSI Economics –

  • MIL-Evening Report: ‘All I wanted was to bid my daughter a final farewell’ – Gaza hostages, mainstream media and truth

    Palestinian politician, MP and activist Khalida Jarrar . . . AFTER being jailed by the Israeli military and released last Sunday as part of the ceasefire deal. Image: www.solidarity.co.nz

    COMMENTARY: By Eugene Doyle

    Watching footage of Palestinian parliamentarian and hostage Khalida Jarrar emerge from Israeli captivity was jarring — a far, muffled cry from the sense of happiness and relief most of us felt seeing the young female Israeli soldiers released by Hamas around the same time.

    What a study in contrast.

    Khalida was clearly emaciated, traumatised and had turned, in the same period of time, from a powerful dynamic woman into a fragile, elderly human being who moved with difficulty.

    What a difference it makes who holds you captive. It goes without saying I didn’t see this on any mainstream news outlet.

    In a previous period of imprisonment — for being a member of the PFLP, a proscribed organisation — the Israelis wouldn’t even allow Khalida Jarrar to attend the funeral of her own daughter.

    Instead she sent a message that was read at Suha’s funeral in 2021:

    I am in so much pain, my child, only because I miss you.
    I am in so much pain, my child, only because I miss you.

    From the depths of my agony, I reached out and
    embraced the sky of our homeland through the window
    of my prison cell in Damon Prison, Haifa.
    Worry not, my child.
    I stand tall, and steadfast, despite the shackles and the jailer.
    I am a mother in sorrow, from yearning to see you one last time.

    Suha, my precious.

    They have stripped me from bidding you a final goodbye kiss.
    I bid you farewell with a flower.
    Your absence is searingly painful, excruciatingly painful.
    But I remain steadfast and strong,
    Like the mountains of beloved Palestine.

    No mainstream coverage
    I searched online and found no mainstream outlet had covered Khalida’s release amid the flood of stories about the Israeli hostages. A search to see if Australian or New Zealand MPs had called for the release of their fellow legislator netted zero results.

    To them, she is no doubt a non-person. Yet, Khalida Jarrar is a leading political activist and one of dozens of legislators imprisoned by the Israelis. She endured. She remained steadfast.

    “The entire system of political imprisonment is based on suppressing Palestinian organising,” said Charlotte Kates, coordinator of Samidoun, the Palestinian Prisoner Support Network.

    The four female Israeli “Offence” Force (IDF) soldiers, according to all the many images and reports, were fit, happy and well-fed after their 15 months in Hamas captivity.

    The four female IDF soldiers, according to all the many images and reports, were fit, happy and well-fed after their 15 months in Hamas captivity. Images: Al Jazeera/www.solidarity.co.nz

    In contrast Palestinian prisoners typically had lost 16kg by the time they were freed. The Israelis with all the food and resources in the world made a policy — an actual policy — of mistreating prisoners, reducing food to a minimum, often beating them, finding perverse ways to humiliate them and on many occasions sexually assaulting men, women, boys and girls who had been dragged into their custody without charge.

    Many, an unknown number, died at their hands.

    Israeli Minister of National Security, Itamar Ben-Gvir, called months ago for legislation to allow the execution of Palestinian prisoners “with a shot in the head” and said he would provide minimal food to them until the law was enacted. I couldn’t find a single Western leader who called for him to be arrested.

    Israeli human rights report
    These crimes are filling compendia being compiled by the United Nations, the ICC and multiple organisations worldwide. You can read some of it here in an Israeli human rights report, “Welcome to Hell, the Israeli prison system as a network of torture camps”.

    Our media has a lot to answer for — for what was done to the thousands of Palestinian hostages because of its starring role in silencing Palestinian voices and hiding from view the realities of the Israeli prison system. Thousands were never charged with any crime — other than being Palestinian.

    Entire congregations in mosques, groups of people in refugee centres, were indiscriminately swept up and tossed into Israeli concentration camps.

    Were future historians to look back on these times and only have the mainstream media to go by, they would have lots of wonderful photos of the Israeli hostages, know them by name, see family hugs, biographical details, and listen to interviews with friends and relatives. In contrast, the Palestinians would turn towards History and we would see blank faces, erased of personality, all the detail of their stories rubbed out.

    That’s why it is imperative to find better sources of news and information, like Middle East Eye, Palestine Chronicle, Electronic Intifada and Pearls & Irritations, that can enrich our understanding of our times and the experience of the victims of Western genocidal violence.

    In his excellent article “The Other Hostages”, human rights lawyer Jonathan Kuttab says: “From the Palestinian perspective: there are about 13,000 Palestinian prisoners and detainees in Israeli jails who are just as worthy of our concern and also merit our sympathy, and whose families will rejoice at their long-awaited release.”

    Turning a blind eye to Israeli mistreatment of prisoners — and the mainstream media bias in favour of all things Israeli — goes back decades. But let’s look at the months since October 7th.

    No fact-checking
    All the mainstream media and servile politicians raced to report without fact-checking the lies the Israelis and Americans, including President Biden, told about beheaded babies and mass rapes. Few had the decency to walk back the calumnies even after official retractions and international investigations disproved them.

    In October 2023 I wrote one of my first stories post-October 7th on this very topic.

    Within a month of October 7, eight BBC journalists wrote to Al Jazeera saying “the corporation is failing to humanise Palestinians . . .  investing greater effort in humanising Israeli victims compared with Palestinians, and omitting key historical context in coverage.”

    CNN staff told British colleagues last year that their network’s pro-Israel slant amounts to “journalistic malpractice”.

    Hats off to Novara Media, one of the larger alternative news and analysis platforms for its exposure of bias. What they found was that Palestinians are “killed” whereas Israelis are “massacred” or “slaughtered”.

    Checking over 1000 articles by the UK’s supposedly progressive, left-leaning outlets — The Guardian, The Independent, Daily Mirror – Novara found that “all three publications favoured Israeli lives, narratives and voices.”

    Taking a list of emotive words they cross-checked and found that 77 percent were about violence against Israelis and only 23 percent about Palestinians. Well over 95 percent of victims of violence are Palestinians, 100 percent of land thefts are by Israelis. Facts matter.

    Journalism ‘used’ for racist war crimes
     This is journalism being used in the service of racist war crimes, used to normalise the mistreatment of prisoners and other Palestinian untermenschen.

    In the case of The Independent, it ran 70 stories on Israeli hostages (who at peak numbered about 250) and just one story on a Palestinian hostage (they number over 10,000).

    British journalist Owen Jones deserves a medal for reports like: “BBC in Civil War over Gaza.” The report details the efforts of journalists within the organisation to deliver more balanced coverage but the extent to which those efforts are thwarted by powerful pro-Israel operatives within the corporation who ensure “systematic pro-Israel propaganda at the corporation.”

    Palestinian lawmaker Khalida Jarrar (centre) with her daughter Suha. This story appeared in Electronic Intifada. Its author Ali Abunimah was arrested in Switzerland this week to prevent him giving a speech. Image: www.solidarity.co.nz

    “This unprecedented slaughter could not have happened without powerful cheerleaders,” Jones said in a recent piece about media co-conspirators with Israel in the genocide. “Hold them to account.”

    Damn right. I pray to whatever gods may be that justice will one day be served on all those who by their actions or by their “journalism” allowed these crimes to be committed.

    I’ll give the last word to Khalida Jarrar as I wish her a full and speedy recovery:

    “All I wanted was to bid my daughter a final farewell – with a kiss on her forehead and to tell her I love her as much as I love Palestine.”

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: Government aims to crack down on rogue higher education operators

    Source: United Kingdom – Executive Government & Departments

    Proposed reforms to tighten rules around franchising and crack down on fraud in the student finance system that cost taxpayers £2m in 2022/23.   

    Tough new reforms proposed by the Department for Education would tighten controls on university franchising arrangements in England to safeguard public money and shore up the reputation of our world class higher education sector.   

    Franchising enables universities to subcontract courses to external providers. When done right, it makes it easier for more students to access higher education, especially in areas where options are limited, or when people such as mature students are balancing study around work and life.    

    The number of students studying at franchised providers has more than doubled in recent years, with over 130,000 using their services. But an investigation by the National Audit Office (NAO) raised concerns about franchising arrangements, with fraud in the sector costing the public purse £2m in 2022/23.    

    More than half of 341 franchised institutions are currently unregistered with the Office for Students (OfS), meaning they are not directly regulated. In some cases, students are offered poor-quality courses that fail to justify their cost, showing a clear need for reform.   

    Under new government plans published for consultation today (30 January), delivery partners with 300 or more students would be required to register with the OfS to ensure their courses meet rigorous quality standards, in order to be eligible to access to student finance.   

    If the OfS finds that a provider is not meeting the standards required of registered providers, they will be publicly held to account and could risk facing fines and the suspension of their registration, in the most extreme circumstances. The OfS will also publish student outcome data for all subcontracted partnerships every year.   

    The move comes ahead of a significant package of higher education reforms due to be announced this summer that will put students first and cement universities’ status as engines of growth in their communities, as the government delivers its Plan for Change to drive economic growth and raise living standards.   

    Education Secretary Bridget Phillipson said:   

    We are committed to cracking down on rogue operators who misuse public money and damage the reputation of our world-class universities.  

    Franchising can be a valuable tool to widen access to higher education, and these proposals will ensure students can trust the quality of their courses, no matter where or how they choose to study.   

    The credibility of our universities is at stake, but these proposals seek to protect students and safeguard taxpayer’s money, as part of our work to drive growth through our Plan for Change.  

    Franchising allows courses to be adapted to suit different needs and circumstances. It also helps colleges and universities work more closely together and gives new, innovative education providers a chance to get started.   

    Providers such as London South Bank University, which partners with some of the city’s top NHS teaching Trusts to help students’ studying midwifery and other front-line services, demonstrate the real-world benefits of franchising – with students achieving their qualifications alongside invaluable workplace experience, helping to address the critical shortage of healthcare professionals.   

    Universities and colleges whose names and brands are being used by franchises will remain responsible for ensuring their subcontracted arrangements meet quality and standards requirements. New regulations could come into effect as soon as spring next year, depending on the outcome of the consultation.  

    These reforms would protect the high standards of the UK’s higher education sector, which contributes around £265bn to the UK economy, ensuring it continues to drive economic growth and benefit both students and the wider economy.

    These proposals would strengthen the OfS’s ability to protect the public money that goes into franchising. The consultation aligns with the OfS’s work to strengthen conditions of registration related to governance and student interests.    

    The OfS will shortly be consulting on changes to requirements for providers that wish to join its register to ensure they are all managed and governed effectively.   

    The OfS has currently paused registration of new higher education providers to support the sector with financial sustainability concerns, after finding 72 per cent of providers could be operating in deficit by next year.   

    They expect the pause to stay in place until August 2025 but will review the decision every three months, meaning the registration process should be open again by the time the government’s proposed changes would take effect.   

    The Department for Education’s consultation will be open from 30 January to 4 April 2024. After the consultation closes, the Department for Education will review the responses and aims to publish its official response in the summer.

    DfE media enquiries

    Central newsdesk – for journalists 020 7783 8300

    Updates to this page

    Published 30 January 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: UK response to the President of the OSCE Parliamentary Assembly: UK statement to the OSCE, January 2025

    Source: United Kingdom – Government Statements

    Ambassador Neil Holland thanks the President of the OSCE Parliamentary Assembly for the Assembly’s work which underscores our collective commitment to strengthen democracy across the OSCE region.

    Thank you, Chair.  Madam President, welcome back to the Permanent Council and thank you for your address.  

    January is a time of new beginnings.  Here at the OSCE we have welcomed Finland as our new Chair in Office, and a new Secretary General. But sadly the agenda and the issues we face remain the same.  Russia continues to inflict its war on its neighbour, endangering the lives of ordinary citizens and threatening regional peace and stability. We have consistently supported Ukraine and the international community’s efforts to investigate, document, pursue and prosecute those committing war crimes. National parliaments and the Parliamentary Assembly have played an important role in maintaining political commitment in our capitals and promoting OSCE and national support for Ukraine. We look forward to hearing about the outcome of your upcoming visit to Kyiv.  

    Beyond Ukraine, we cannot neglect other vulnerable regions. Moldova and the South Caucasus remain unstable and we are concerned by the situation in Georgia. The OSCE has a versatile toolbox which could help address the challenges that we are witnessing and support participating States in meeting their OSCE commitments. We must ensure that it is sufficiently resourced and empowered to do that.   

    Madam President, you also mentioned the Assembly’s work on election monitoring.  This observation is an integral part of the democratic process, supporting electoral integrity and documenting whether elections are credible and inclusive. Last year was a bumper year for elections in the OSCE region including in the United Kingdom. We thank the hundreds of parliamentary observers who participated in the OSCE Parliamentary Assembly’s missions and those who will do so in Albania and Moldova in the coming months. This coming together in a collective exercise to strengthen democracy across the OSCE is an important manifestation of our shared commitments. 

    Madam President, we look forward to marking with you and parliamentarians from across our region the 50th anniversary of the Helsinki Final Act this summer and in doing so reinvigorating our commitment to the principles within it. We would like to thank you, Secretary General Montella and the Assembly for the work you are doing. We offer our full support to you and your excellent team and look forward to continued co-operation.

    Updates to this page

    Published 30 January 2025

    MIL OSI United Kingdom –

  • MIL-OSI Global: How close are quantum computers to being really useful? Podcast

    Source: The Conversation – UK – By Gemma Ware, Host, The Conversation Weekly Podcast, The Conversation

    Audio und verbung/Shutterstock

    Quantum computers have the potential to solve big scientific problems that are beyond the reach of today’s most powerful supercomputers, such as discovering new antibiotics or developing new materials.

    But to achieve these breakthroughs, quantum computers will need to perform better than today’s best classical computers at solving real-world problems. And they’re not quite there yet. So what is still holding quantum computing back from becoming useful?

    In this episode of The Conversation Weekly podcast, we speak to quantum computing expert Daniel Lidar at the University of Southern California in the US about what problems scientists are still wrestling with when it comes to scaling up quantum computing, and how close they are to overcoming them.

    Quantum computers harness the power of quantum mechanics, the laws that govern subatomic particles. Instead of the classical bits of information used by microchips inside traditional computers, which are either a 0 or a 1, the chips in quantum computers use qubits, which can be both 0 and 1 at the same time or anywhere in between. Daniel Lidar explains:

    “Put a lot of these qubits together and all of a sudden you have a computer that can simultaneously represent many, many different possibilities …  and that is the starting point for the speed up that we can get from quantum computing.”

    Faulty qubits

    One of the biggest problems scientist face is how to scale up quantum computing power. Qubits are notoriously prone to errors – which means that they can quickly revert to being either a 0 or a 1, and so lose their advantage over classical computers.

    Scientists have focused on trying to solve these errors through the concept of redundancy – linking strings of physical qubits together into what’s called a “logical qubit” to try and maximise the number of steps in a computation. And, little by little, they’re getting there.

    In December 2024, Google announced that its new quantum chip, Willow, had demonstrated what’s called “beyond breakeven”, when its logical qubits worked better than the constituent parts and even kept on improving as it scaled up.

    Lidar says right now the development of this technology is happening very fast:

    “For quantum computing to scale and to take off is going to still take some real science breakthroughs, some real engineering breakthroughs, and probably overcoming some yet unforeseen surprises before we get to the point of true quantum utility. With that caution in mind, I think it’s still very fair to say that we are going to see truly functional, practical quantum computers kicking into gear, helping us solve real-life problems, within the next decade or so.”

    Listen to Lidar explain more about how quantum computers and quantum error correction works on The Conversation Weekly podcast.

    This episode of The Conversation Weekly was written and produced by Gemma Ware with assistance from Katie Flood and Mend Mariwany. Sound design was by Michelle Macklem, and theme music by Neeta Sarl.

    Clips in this episode from Google Quantum AI and 10 Hours Channel.

    You can find us on Instagram at theconversationdotcom or via e-mail. You can also subscribe to The Conversation’s free daily e-mail here.

    Listen to The Conversation Weekly via any of the apps listed above, download it directly via our RSS feed or find out how else to listen here.

    Daniel Lidar receives funding from the NSF, DARPA, ARO, and DOE.

    – ref. How close are quantum computers to being really useful? Podcast – https://theconversation.com/how-close-are-quantum-computers-to-being-really-useful-podcast-248574

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Marat Khusnullin: 1.8 million square meters of real estate have been commissioned under integrated territorial development projects

    Translartion. Region: Russians Fedetion –

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

    Within the framework of integrated territorial development projects (ITD) in Russian regions, construction of residential complexes, social, transport and communal infrastructure facilities, as well as resettlement of dilapidated and hazardous housing stock continues.

    “Since 2021, when the KRT mechanism was launched, regions have had the opportunity to use it for the comprehensive development of their settlements. Since then, more and more entities have joined this work. New residential complexes and various infrastructure facilities are being built, which in turn has a positive effect on the quality of life and comfort for people. In general, more than 1.8 million square meters of real estate have been commissioned under integrated territorial development projects to date, of which about 1.6 million square meters is residential space. In total, 866 integrated territorial development projects with an area of 19.6 thousand hectares are under implementation in 77 regions across the country,” said Marat Khusnullin.

    The Deputy Prime Minister noted that the total urban development potential of KRT projects under implementation amounts to 139.7 million square meters of real estate, of which 101.9 million square meters are residential areas.

    In total, the regions adopted 720 decisions on integrated development of territories, of which 217 relate to 2024. Also, 790 trade procedures were carried out and 737 contracts on integrated development of territories were concluded. In addition, 321 sets of planning documents were developed and approved for territories with an urban development potential of 36.6 million sq. m.

    “The selection of new territories for integrated development is also continuing throughout the country. Today, 1,429 territories with a total area of 35.7 thousand hectares are being developed. The urban development potential of these sites reaches 252.3 million square meters, of which 182.6 million square meters are housing,” said First Deputy Minister of Construction and Housing and Public Utilities Alexander Lomakin.

    The resettlement of dilapidated and emergency housing is also one of the priorities for the application of the KRT in the regions.

    “Currently, the resettlement of dilapidated and emergency housing under the KRT projects is being carried out in 32 regions. As of today, 228.25 thousand square meters of housing have been resettled, including 195.49 thousand square meters of emergency housing. More than 13 thousand people were able to improve their living conditions. This work will continue in 2025,” noted Ilshat Shagiakhmetov, CEO of the Territorial Development Fund.

    Integrated development of territories also covers land plots that belong to the Russian Federation. The Government Commission for the Development of Housing Construction and Evaluation of the Efficiency of Using Land Plots Owned by the Russian Federation has made positive decisions on 78 such KRT projects in 38 regions with a total urban development potential of 17 million sq. m.

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

    MIL OSI Russia News –

  • MIL-OSI Video: Gaza: Threats of explosive ordnance – UNMAS Presser | United Nations

    Source: United Nations (Video News)

    Press conference by Luke Irving, Chief of the Mine Action Programme, in the occupied Palestinian territories, UN Mine Action Service (UNMAS), on the situation in Gaza.

    UNMAS website: https://www.unmas.org/en/programmes/state-palestine

    https://www.youtube.com/watch?v=yYhZSDfsCKM

    MIL OSI Video –

  • MIL-OSI Video: Accountability for crimes against peacekeepers | UN Peacekeeping | United Nations

    Source: United Nations (Video News)

    Since 1948, more than 1,070 peacekeepers have been killed and 3,000 injured as a result of malicious acts. In its resolution 2589, the Security Council emphasized the critical importance of accountability for crimes against peacekeepers. More than 95 individuals were convicted since 2020 for the killing of peacekeepers. While this progress is significant, more must be done to bring to justice perpetrators of the killing of, and all acts of violence against United Nations personnel serving in peacekeeping operations.

    https://www.youtube.com/watch?v=ZTJY736CF-0

    MIL OSI Video –

  • MIL-OSI Video: DR Congo, Palestine & other topics – Daily Press Briefing (29 January)

    Source: United Nations (Video News)

    Noon briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

    Highlights:
    Senior Personnel Appointment
    Democratic Republic of the Congo/Peacekeeping
    Democratic Republic of the Congo/Security Council
    Democratic Republic of the Congo/Humanitarian
    Occupied Palestinian Territory
    Syria
    Peace Operations
    Ukraine
    Myanmar
    Lunar New Year

    SENIOR PERSONNEL APPOINTMENT
    Yesterday, the Secretary-General appointed Lt. Gen. Ulisses De Mesquita Gomes of Brazil as the new Force Commander for the UN Peacekeeping Mission in the Democratic Republic of the Congo (MONUSCO).

    DEMOCRATIC REPUBLIC OF THE CONGO / PEACEKEEPING
    The peacekeeping mission in the Democratic Republic of the Congo – MONUSCO- say that the situation in Goma remains tense today, but it is also calmer. But there is, however, continued sporadic shooting but an overall reduction in exchanges of fire within the city.
    Continued clashes have been reported in surrounding areas, including in Sake, Northwest of Goma.
    The Mission’s priority right now remains the protection of its personnel, its assets and the many civilians sheltering within UN premises. UN peacekeepers are planning on sending patrols today in Goma to assess the situation, to conduct resupplies and assess routes.
    In the capital, Kinshasa, the situation is also calm today despite calls for protests that we have seen. The main roads are reported to be empty, and supermarkets are closed due to high risk of looting. That is what the peacekeeping mission is reporting.
    You will also remember that a few days ago, we paid tribute to three UN peacekeepers who were killed in the last few days. We are now able to share their names : They were Private Rodolpho Cipriano Alverez Suarez from Uruguay, who was 39; Private Mokote Joseph Mobe, aged 33, and Private Andries Tshidiso Mabele, aged 30. The latter two were from South Africa. We send our deepest condolences to their families, their friends, governments and to all members of the peacekeeping mission.
    The total number of UN peacekeepers injured since the most recent assault by the M23 now stands at 22. We reiterate that attacks against UN peacekeepers are not only unacceptable but may also constitute a war crime.

    DEMOCRATIC REPUBLIC OF THE CONGO / SECURITY COUNCIL
    Yesterday afternoon, the Deputy Special Representative for Protection and Operations for the Peacekeeping Mission in Goma in the Democratic Republic of the Congo – MONUSCO, Vivian van de Perre, briefed Council members.
    She reiterated that the violence in the eastern part of the country has resulted in massive displacement and worsened an already dire humanitarian and protection situation. The degree of suffering that the population in Goma and neighbouring areas is enduring is truly unimaginable, she said.
    In the past few days, Ms. Van de Perre told Council members that the peacekeeping mission has received a large number of people seeking refuge.
    She called on all parties to prioritize the protection of civilians, open humanitarian corridors, and work towards a sustainable and peaceful resolution to this conflict.
    Resuming the Luanda Process is of the utmost urgency to ensure a path toward de-escalation and to avert the looming threat of a third Congo war, she added. Military action cannot resolve this conflict, she told council members

    Full Highlights: https://www.un.org/sg/en/content/ossg/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=29+January+2025

    https://www.youtube.com/watch?v=HIIzMCZYkkw

    MIL OSI Video –

  • MIL-OSI Video: UN calls for urgent international action in eastern DR Congo

    Source: United Nations (Video News)

    A senior UN official briefs the Security Council on the worsening situation in eastern Democratic Republic of the Congo, saying it is causing unimaginable suffering. MONUSCO Deputy Special Representative Vivian van de Perre urges for maximum efforts to bring an immediate end to the high levels of violence and suffering.

    https://www.youtube.com/watch?v=dNeR2o3UQCs

    MIL OSI Video –

  • MIL-OSI Video: NASA Science Live: Asteroid Bennu Originated from World with Ingredients and Conditions for Life

    Source: United States of America – Federal Government Departments (video statements)

    Material from the asteroid Bennu is revealing that a lost world fostered the building blocks of life… with an unexpected twist.

    Join experts on Thursday, January 30, at 3:00 p.m. EST (2000 UTC) as they dive into the recent findings from the asteroid sample NASA’s OSIRIS-REx spacecraft brought to Earth in September 2023.

    Have questions? Share them in chat and we’ll answer a few live!

    Credit: NASA

    https://www.youtube.com/watch?v=VzhL3qDqsjY

    MIL OSI Video –

  • MIL-OSI Video: US Spacewalk 92 with Astronauts Butch Wilmore and Suni Williams (Official NASA Broadcast)

    Source: United States of America – Federal Government Departments (video statements)

    NASA astronauts Butch Wilmore and Suni Williams are taking a spacewalk outside the International Space Station on Thursday, Jan. 30, 2025, to maintain station hardware and collect samples of surface material for analysis from the Destiny laboratory and the Quest airlock. The spacewalk is expected to begin at approximately 8 a.m. EST (1300 UTC) and last for around six and a half hours.

    Williams (wearing the suit with red stripes) and Wilmore (wearing the unmarked suit) arrived at the ISS last year and are both crew members of Expedition 72, which began on Sept. 23, 2024. This is Wilmore’s fifth spacewalk and the ninth for Williams.

    Follow our space station blog for updates: https://blogs.nasa.gov/spacestation/
    Learn more about the Expedition 72 crew: https://www.nasa.gov/mission/expedition-72/

    Credit: NASA

    https://www.youtube.com/watch?v=wQD4fTDScPE

    MIL OSI Video –