Category: KB

  • MIL-OSI USA: SPC Nov 4, 2024 0100 UTC Day 1 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

    SPC AC 040057

    Day 1 Convective Outlook
    NWS Storm Prediction Center Norman OK
    0657 PM CST Sun Nov 03 2024

    Valid 040100Z – 041200Z

    …THERE IS AN ENHANCED RISK OF SEVERE THUNDERSTORMS ACROSS PARTS OF
    EASTERN OKLAHOMA AND NORTHEAST TEXAS…

    …SUMMARY…
    Multiple rounds of strong-severe thunderstorms remain possible
    tonight over parts of the southern Plains. Tornadoes, damaging
    winds and large hail are expected.

    …01z Update…

    Seasonally strong upper trough is advancing east across the Four
    Corners region early this evening. 90+kt 500mb speed max will rotate
    into the base of this feature over northern Mexico late tonight and
    into far West TX by sunrise. In response, LLJ is forecast to
    increase markedly across the southern High Plains later this
    evening, with the nose of the LLJ expected to focus into western OK
    by the end of the period. 20-30kt southerly 1km winds are currently
    noted at SJT/MAF/DYX, and higher PWs will begin to surge north over
    the next few hours into the TX South Plains. Scattered convection
    continues to trail southwest across the Big Country, but this
    activity is not currently strongly forced. However, low-level
    convergence should increase across northwest TX as the LLJ
    increases, and scattered strong/severe thunderstorms will likely
    develop late this evening into the early-morning hours as far
    northwest as the eastern portions of LBB CWA. Forecast soundings
    exhibit very steep 2-6km lapse rates, which contribute to MUCAPE
    approaching 3000 J/kg within an environment that will become
    increasingly sheared. Long hodographs appear favorable for very
    large hail with this activity. Additionally, as upper 60s surface
    dew points advance into southwest OK, surface-based parcels become
    uninhibited and substantial SBCAPE will once again develop. In
    addition to large hail, threat of tornadoes may increase very late
    in the period as boundary layer recovers across this portion of the
    Plains.

    Otherwise, a larger complex of storms, that currently extends from
    the Red River into eastern OK, will gradually advance east this
    evening. Scattered supercells are embedded within this corridor,
    especially along the leading edge. Wind fields continue to support
    long-lived updrafts and all hazards remain possible, especially
    wind/tornadoes. The primary risk for large hail will accompany the
    late-night supercells ahead of the mid-level speed max.

    ..Darrow.. 11/04/2024

    CLICK TO GET WUUS01 PTSDY1 PRODUCT

    NOTE: THE NEXT DAY 1 OUTLOOK IS SCHEDULED BY 0600Z

    MIL OSI USA News

  • MIL-OSI USA: SPC MD 2199

    Source: US National Oceanic and Atmospheric Administration

    Mesoscale Discussion 2199
    NWS Storm Prediction Center Norman OK
    0959 PM CST Sun Nov 03 2024

    Areas affected…much of southeast Oklahoma into far western
    Arkansas

    Concerning…Tornado Watch 703…

    Valid 040359Z – 040600Z

    The severe weather threat for Tornado Watch 703 continues.

    SUMMARY…Isolated severe storms remain possible near the warm
    front, but the overall risk has decreased compared to earlier this
    evening. However, trends will need to be monitored for changes in
    storm mode/structure.

    DISCUSSION…A line of storms, mostly elevated, moved across eastern
    OK and into western AR earlier this evening, outpacing the warm
    front to the south. Recently, observations indicate the front is
    making northward progress across southeast OK and into west-central
    AR. In addition, radar shows new development near this boundary. A
    rather tight temperature gradient still exists north of the
    boundary, suggesting a limited region for storms to produce
    tornadoes. However, this is also supporting lift and additional
    cells may regenerate over the next several hours. Given effective
    0-1 SRH around 300 m2/s2 along the boundary, a brief tornado will be
    possible.

    ..Jewell.. 11/04/2024

    …Please see www.spc.noaa.gov for graphic product…

    ATTN…WFO…LZK…SHV…TSA…OUN…

    LAT…LON 35539589 35619425 35359381 34919378 34719391 34479422
    34439481 34589547 34639589 34799621 35109628 35279627
    35539589

    MIL OSI USA News

  • MIL-OSI USA: SPC – No watches are valid as of Mon Nov 4 05:21:01 UTC 2024

    Source: US National Oceanic and Atmospheric Administration

    Current Convective Watches (View What is a Watch? clip)Updated:  Mon Nov 4 05:32:06 UTC 2024 No watches are currently valid

    Archived Convective ProductsTo view convective products for a previous day, type in the date you wish to retrieve (e.g. 20040529 for May 29, 2004). Data available since January 1, 2004.

    MIL OSI USA News

  • MIL-Evening Report: 31% of companies are not paying tax in Australia. How do they do it?

    Source: The Conversation (Au and NZ) – By Kerrie Sadiq, Professor of Taxation, QUT Business School, and ARC Future Fellow, Queensland University of Technology

    Seb Zurcher/Unsplash

    Large companies paid the Australian government a record A$100 billion in tax in the last year, a 17% increase on the previous year. But, over the same period, there were still 31% of large companies, operating here but not paying any tax.

    The Australian Taxation Office’s annual corporate tax transparency report released last week includes data on nearly 4,000 of Australia’s largest corporations.

    In its tenth year, the report is lauded by the government and ATO as a way to increase corporate accountability and reduce tax avoidance. But there is no detail on the tax practices of multinational entities, including how they interact with their offices around the world.

    In particular, there is little information about how 1,200 companies paid no tax.

    What the report tells us

    The transparency report provides data on corporations with income of $100 million or more and businesses which pay the petroleum resource rent tax (PRRT). This includes Australian public and foreign-owned corporate tax entities, as well as Australian-owned resident private companies.

    The report details the total income, taxable income, tax payable, and PRRT payable for all entities that meet the reporting threshold. Taxable income is simply assessable income minus deductions. Tax payable as a percentage of taxable income, can then be used to calculate an effective tax rate. The statutory corporate tax rate is 30%.

    A variation between an effective tax rate and the statutory tax rate is not evidence of tax avoidance. However, questions need to be asked about how profitable companies reduce their tax liability to zero.



    Zero liability can be achieved by deducting offsets and credits. For example, companies that conduct significant research and development are given tax breaks which reduce the amount of tax payable.

    Where a company has accounting losses or a tax loss because it has incurred more expenses than income, tax will be zero. These are legitimate reasons for paying no tax.

    But the limited information provided simply tells us how profitable a company is, the amount of tax deductions claimed against that profit, and the tax payable.

    What the report doesn’t tell us

    The transparency report reveals little about tax practices of multinational entities.

    The question remains what deductions are being claimed by corporations and tax entities. The ATO has this information but can only publish what the law allows them, which is limited.

    For multinationals, deductions will include dealings with overseas parts of the global entity, such as subsidiaries or the parent entity. These transactions create legitimate tax deductions.

    Common transactions include payments to overseas subsidiaries for services, royalty payments for intellectual property, and interest on overseas borrowings.

    In the case of petrol company Chevron, money was borrowed in the United States at around 1.2% and on lent to a related Australian entity at 9%.

    After a long court battle, about 5% of interest was allowed as a deduction, an amount significantly above the original interest rate. This gave Chevron in Australia a large tax deduction.

    It is through these types of transactions profits earned in Australia are shifted overseas. Current tax law allows this but requires the transaction, known as the transfer price, to be at arm’s length – that is, the price is agreed to between independent parties entering the same transaction.

    What is transfer pricing?

    Multinationals are global by nature and therefore logically maximise worldwide profits. Tax systems do not operate in the same way.

    Tax comes under domestic law which means transactions between parts of a global entity are recognised for tax purposes.

    If goods or services are sold by one part of the entity to another, an internal transaction occurs. For tax purposes the transaction is recognised as a deduction in one location and income in another. An Australian entity would pay a foreign party for things like marketing, and get a deduction for the expense.

    In recent years the ATO has settled marketing disputes with large multinationals including Google, BHP, Apple, Rio Tinto, ResMed and Microsoft.

    Where a deduction is allowed in a high tax jurisdiction, such as Australia, and income is included in the profits of a low tax jurisdiction, such as Singapore, the result is larger overall global profits.

    The tax system recognises the incentive for multinational entities to shift profits this way and requires transactions to be at a commercial or negotiated price. Determining the price however can be fraught and has led to numerous court cases and tax disputes.

    The tax transparency report reveals nothing about these types of transactions.

    Taxing multinationals in Australia

    In the last decade there have been moves to tax income in the location of the economic activity. The OECD has tried to stop profit shifting by companies, which erodes the tax base of high taxing jurisdictions, through its tax reform agenda.



    Further complicating the issue of transfer pricing is the question of whether there is any real activity in the countries where different parts of a multinational are located.

    Singapore is recognised for what are known as service hubs. These are places where various services such as sales negotiations are conducted and marketing occurs. Singapore also happens to have a headline corporate tax rate of 17%. This is often reduced to single digits after deals are entered into between taxpayers and the Singapore revenue authority.

    Intellectual property poses similar problems.

    These are increasingly valuable assets for multinational entities as they provide a unique edge in the market. We only need to think of Apple, Microsoft and Google to understand how valuable names, logos and designs are.

    By its very nature intellectual property has no physical location and can be owned anywhere in the world. Often, intellectual property is held in low or no tax countries.

    The transparency report includes no details about how much is transferred to these locations. This is where Australia’s proposed public country-by-country reporting may assist.

    Is the ATO’s corporate tax transparency report worthwhile?

    Australia should continue to strive to be a leader in corporate tax transparency.

    A two-step approach is required to eliminate corporate tax avoidance. Information is valuable and public transparency measures are an important first step.

    A second step, however, is to reform substantive tax laws to tax profits where they are genuinely being generated.

    Kerrie Sadiq is the recipient of a four year Australian Research Council Future Fellowship Grant.

    ref. 31% of companies are not paying tax in Australia. How do they do it? – https://theconversation.com/31-of-companies-are-not-paying-tax-in-australia-how-do-they-do-it-242695

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Kingdom: Commonwealth Scholarships celebrate 65 years of inspiring futures

    Source: United Kingdom – Executive Government & Departments

    Themed ‘Celebrating 65 Years of Commonwealth Scholarships – Inspiring Futures, Empowering Communities’, the milestone event recognised the significant impact that Commonwealth Scholarships have had on individuals and communities.

    A group photo with Deputy High Commissioner Emma Davis and Director of SITESA Dr John Iromea.

    The Solomon Islands Commonwealth Scholars and Alumni Association (SICSAA) celebrated 65 years of Commonwealth Scholarships in Solomon Islands over the weekend.

    Themed ‘Celebrating 65 Years of Commonwealth Scholarships – Inspiring Futures, Empowering Communities’, this milestone event recognized the significant impact that Commonwealth Scholarships have had in individuals and communities, fostering education, leadership and development.

    Last Friday’s celebration featured insightful presentations, discussions and networking opportunities with past and current scholars and stakeholders who have contributed to this esteemed program.

    Reflections were also held on the programme’s achievements and to explore future opportunities for furthering educational growth in Solomon Islands.

    Speaking at the official programme British Deputy High Commissioner to Solomon Islands, Emma Davis said:

    As we have seen from the recent Commonwealth Heads of Government Meeting in Samoa, there was a reiteration of abiding belief in the value of the Commonwealth as a trusted forum where diverse voices of our member states, the large and the small, the young and the old, come together as one family.

    At last month’s Commonwealth Heads of Government Meeting (CHOGM) heads of governments underscored the pivotal role of education in shaping cultural, societal and family values, beliefs and norms in promoting human rights, peace, economic, political and social development and environmental sustainability, and in fostering responsible global citizenship.

    They also encouraged initiatives that provide social and emotional learning, scholarships, opportunities for lifelong learning, quality education and training that bridge digital divides, including the gender digital divide.

    The announcement of The King’s Commonwealth Fellowship Programme, was inspired by His Majesty King Charles III, and his life’s work to create opportunity and to tackle contemporary challenges including climate change and inequality is an example.

    In his keynote address on the significance and impact of the Commonwealth Scholarships, Director of the National Scholarship Division (NSD), Solomon Islands Tertiary Education and Skills Authority (SITESA), Ministry of Education and Human Resources Development, Dr John Iromea said:

    Scholarships are what is beautiful, and what is not attractive is not a scholarship. The beauty in appreciating your parents, the beauty in appreciating your teachers, the beauty in appreciating your fellow students, and the beauty in enjoying the Commonwealth Scholarships from the UK Government defines the ‘True’ and ‘Ideal’ partnership in building a strong foundation of a nation.

    He said:

    The 65th Anniversary celebration was also about a future of hope and destiny for our students, people and Solomon Islands and therefore, it is significant that students’ education and training are part of their life, and they ought to guard it well.

    And it is up to you – the young people – to guide your education well by utilizing scholarships to empower you, your family, your tribe, your people, and your community. But, if you do not appreciate the importance of scholarships, your education and training will suffer and die.

    The celebrations concluded with an afternoon interaction on how to write a scholarship application and preparing for scholarship interviews and the sharing of personal experiences under Commonwealth Scholarships by members of the Scholars and Alumni Association.

    Updates to this page

    Published 4 November 2024

    MIL OSI United Kingdom

  • MIL-OSI China: China mulls revising arbitration law

    Source: China State Council Information Office 2

    Chinese lawmakers on Monday started deliberating a draft revision to the Arbitration Law, focusing on addressing prominent issues in the arbitration system and practice.
    The draft revision was submitted to an ongoing session of the Standing Committee of the National People’s Congress, the national legislature, for the first reading.
    This is the first major revision of the law since its promulgation in 1995.
    The draft aims to refine the legal framework of arbitration with Chinese characteristics, make it more compatible with international rules, and enhance the credibility and international competitiveness of arbitration, thus fostering a world-class business environment that is market-oriented, law-based and internationalized.

    MIL OSI China News

  • MIL-OSI Asia-Pac: Student assessment report released

    Source: Hong Kong Information Services

    The Hong Kong Examinations & Assessment Authority has submitted the 2024 Territory-wide System Assessment (TSA) report to the Education Bureau, the Government announced today.

    The report said the performance of participating Primary 3 and Secondary 3 students in the subjects of Chinese, English and mathematics generally remains steady.

    Since the introduction of enhancement measures in 2018, the implementation of the TSA has been satisfactory, the bureau pointed out.

    The bureau added that it will continue to work closely with all stakeholders, render full support to schools, strengthen teachers’ professional capacities and enhance learning and teaching effectiveness.

    It also encourages schools to make good use of the information from the TSA report to analyse students’ strengths and weaknesses in various learning areas, with a view to catering for learner diversity and raising learning and teaching effectiveness. 

    The bureau will hold thematic seminars in November and December to promote and support schools and teachers in making effective use of assessment data and information to enhance learning and teaching.

    MIL OSI Asia Pacific News

  • MIL-OSI: TBV and BitcoinOS to Host The Best Event at Devcon BKK: Exclusive Networking and Epic Afterparty

    Source: GlobeNewswire (MIL-OSI)

    • On the heels of their Marquee Party during Token2049 Singapore which saw a full house turnout of over 3,000 attendees from an overly-subscribed 8,000 signups, Tobi & Brent are bringing yet another massive bash, this time to Devcon Bangkok.
    • Co-hosted by early-stage Web3 VC fund TBV and revolutionary BTC blockchain network BitcoinOS.
    • Headlined by popular South Korean DJ SODA, who boasts a following of over 25 million fans and will be providing high-energy performances and a distinctive mix of EDM and electro house music.

    BANGKOK, Nov. 04, 2024 (GLOBE NEWSWIRE) — “The Best Event. Devcon BKK with TBV & BitcoinOS” is set to be the highlight of Devcon Week in Bangkok. The premier event series, hosted by TBV (TB Ventures) and BitcoinOS, offers a unique blend of high-impact networking followed by the signature “Web3 with Tobi & Brent” afterparty experience.

    Taking place at Portal on November 13th, amidst Bangkok’s bustling nightlife, “The Best Event” is definitely not your traditional tech event. Serving up a unique recipe for celebration and connection, the packed mashup of networking, hackathons, music and high-value deal flows is going to make for some very unique and innovative bedfellows.

    Headlining the night is the illustrious South Korean DJ SODA, whose exhilarating performances and distinctive blend of EDM and electro house music have amassed a dedicated following of over 25 million fans. Add in nine more high-energy DJ sets and the mix of entrepreneurs, investors, developers, and key opinion leaders, and this social meets sonic meets tech odyssey is primed to emerge as the centerpiece of Devcon Week.

    Tobias Bauer, General Partner and Co-Founder of TBV shared, “Our Token2049 event was awesome, massive party vibes and an incredible network of industry heavy-weights. The one thing we were missing was a quieter space for ongoing networking across the night so that’s what we’re bringing to Devcon week. A legendary party, a hackathon, party buses, and exclusive networking the whole way through. See you there!”

    Building the Web3 Community: The Tobi & Brent Phenomenon

    Since 2024, the “Web3 with Tobi & Brent” brand has become synonymous in the Web3 space with cultivating thriving communities and fostering genuine connections. The dynamic duo has garnered an overall following on Telegram and social media that numbers over 100,000, demonstrating their ability to organically unite VCs, LPs, projects, and industry enthusiasts.

    During their massively attended MARQUEE event during Token2049 Singapore which was headlined by internationally acclaimed DJ Dillon Francis, Tobi & Brent soft-launched TBV (TB Ventures), a VC fund focused on early-stage web3 startups. Their events arm TBE (TB Events) has now curated “The Best Event. DevCon BKK with TBV & BitcoinOS”, offering yet another distinctive global Web3 rendezvous.

    “It’s a privilege to host these events and to see the quality of attendees that they draw. I’m proud of what we’ve been able to achieve with our event series, and it’s in huge part thanks to our incredible partners and team. If there’s one event to hit during Devcon week, this one is it,” said Brent Fulfer, General Partner and Co-Founder of TBV.

    BitcoinOS: The Smart Contract Operating System for Bitcoin

    The Best Event is also co-hosted by BitcoinOS, an operating system designed to create a unified, interconnected, barrier-free playground for innovation on Bitcoin. Using ZK (zero-knowledge) tech, developers can deploy any VM (virtual machine) to Bitcoin with the scalability of Ethereum, the interoperability of Cosmos, and the speed of Solana.

    Building the key missing tech that will finally allow Bitcoin’s utility to extend beyond a store of value, the BitcoinOS team’s successful verification of the first ZK proof on Bitcoin mainnet has opened the doors for trustless BTC bridging, and eventually an ecosystem of true Bitcoin rollups. This is the holy grail of Bitcoin scalability which will securely open the doors for over a trillion dollars of liquidity to merge with the Web3 ecosystem.

    The Best Networking. The Best Time. THE BEST EVENT.

    Right off DEVCON, the early party vibes will begin aboard the TBV and BOS party buses where buzzing anticipation and free flow drinks, which continue throughout the evening, make for an enjoyable seamless transit to Portal.

    Upon arrival, guests embark on the next exploration with four unique zones of immersive experiences. From networking over drinks and canapes, to a ‘drunken dev’ hackathon, to an upscale bar with skyline views, the diverse atmospheres offer up ample networking opportunities.

    As the clock strikes nine, the Portal gates open to general admission, unleashing the torrents of energetic crowds while an all-star lineup of world class DJs take to the main stage. With DJ SODA at the helm, whose high-octane performances and infectious rhythms have captivated fans worldwide, Portal will be transformed into a pulsating epicenter of entertainment.

    The likes of Jade Rasif, a top Singaporean DJ famed for her high energy EDM sets; established Asian DJ, Nicole Chen, known for her stage presence; Your Crypto DJ, who has played on the same line-up as Don Diablo, Alesso, Dimitri Vegas and Like Mike; DJ Kim Sane, who has performed at the likes of Ultra Europe, and more –– each set, across 2 stages, will provide a unique auditory experience of eclectic styles, ensuring the vibe never drops across the night’s festivities. As the night unfolds, connections with like-minded peers and pioneers from the Web3 community hold the potential to forge relationships that could spark collaborations that extend beyond the event.

    As a prequel to The Best Event, TBV and BitcoinOS are also hosting a “Meet the VC with Tobi & Brent” on November 12th. This exclusive rendezvous is designed to connect attendees with leading VCs and projects, further supporting the Devcon experience.

    Hosted and Supported by the Best in Web3

    Co-hosted by TBV and BitcoinOS, “The Best Event” is proudly supported by leading Web3 companies, including Petastic, Fideum, Zekret, Vurse, FOMO Ventures, Matterblock, Freename, BoomFi, Biptap, Libera Global, Captain & Company, and BeWater.

    “The Best Event” is also supported by prominent players in the Web3 PR, media and influencer spaces, such as yourPRstrategist (YPRS), Crypto Banter, Asia Token Fund, Coinstelegram, European Kid, CoinsCapture, MediaX, Arcadia, Cryptopolitan, Coinfea, Key Difference Wire, The Coin Republic, ZEX PR Wire, Trader Brawl Media, and Tiger Mode Media as well as community partners like Unity Labs, Cryptocurrency PH, Crypto World Community, Unikorn, Founders Hub Network, Association Blockchain Asia, AdLunam, Nadmah, All Confs Bot, Clubout and more, which further amplify its reach. With its extensive network and high-profile partnerships, the event stands out as a key highlight of Devcon, attracting industry insiders and enthusiasts alike.

    Due to the high demand and limited capacity, guests are advised to arrive early, with doors opening at 8:00PM, to ensure entry as this event is first-come, first-served.

    For more information and to register, visit: https://lu.ma/TheBestEvent-DevCon24
    For the latest updates, join the Telegram group: https://t.me/+5KzXYg2cridmOGRl
    For sponsorships, VIP inquiries or table reservations, contact via email or on Telegram.

    About TB Ventures (TBV)
    TBV is a venture capital fund investing in early-stage Web3 companies across Southeast Asia and North America. Supported by TBE (TB Events) and TBA (TB Advisory), TBV offers a comprehensive ecosystem and network of services that are underpinned by a 100k+ social following and 10k+ active TG community.
    X: https://x.com/tbvxyz
    Linkedin: https://www.linkedin.com/company/tbv-xyz
    Instagram: https://www.instagram.com/tobiandbrent

    About TB Events (TBE)
    TB Events is a premier event series in the Web3 community, bringing together key industry figures for networking and collaboration. With a focus on fostering connections and sharing insights, these events serve as a hub for innovation and growth in the blockchain space.

    About BitcoinOS
    BitcoinOS is the ultimate upgrade to Bitcoin. Its breakthroughs in the use of ZK proofs allow it to embed any computation directly into Bitcoin transactions. This allows for a shared infrastructure layer of the first true Bitcoin L2s that feature total L1 security, trustless bridging, scalability, natively private transactions, and fully programmable tokens on Bitcoin.

    BOS’s modular infrastructure acts as an operating system that creates seamless interoperability among all L2s within the system. As such, BOS fully maintains Bitcoin’s network effects, and establishes a permissionless, peaceful paradigm for the original chain to evolve in layers without ever needing to fork its code.

    Media Contact
    pr@yourprstrategist.com
    gm@tbv.xyz

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/39d386f8-822a-48fe-939c-b819c41a659b

    The MIL Network

  • MIL-OSI New Zealand: Economy – Annual publication of updated weights for the Trade Weighted Index – Reserve Bank of NZ

    Source: Reserve Bank of New Zealand

    4 November 2024 – The annual publication of updated weights for the Trade Weighted Index will take place on 4 December 2024.

    This will be published on the B10: Trade Weighted Index weights and trade volumes and B13: Trade Weighted Index historical weights tables after 3pm. While the specific time of publication cannot be confirmed, the B10 and B13 tables will be published by close of business on 4 December 2024.

    These weights will take effect from 5 December 2024.
    Trade Weighted Index weights and trade volumes (B10): https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=d15df74332&e=f3c68946f8
    Trade Weighted Index historical weights (B13): https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=b27c24801f&e=f3c68946f8

    MIL OSI New Zealand News

  • MIL-Evening Report: Jonathan Cook: Israel kills the journalists. Western media kills the truth of genocide in Gaza

    Report by Dr David Robie – Café Pacific.

    Western publics are being subjected to a campaign of psychological warfare, where genocide is classed as ‘self-defence’ and opposition to it ‘terrorism’. Jonathan Cook reports as the world marked the International Day to End Impunity for Crimes against Journalists at the weekend.

    ANALYSIS: By Jonathan Cook

    Israel knew that, if it could stop foreign correspondents from reporting directly from Gaza, those journalists would end up covering events in ways far more to its liking.

    They would hedge every report of a new Israeli atrocity – if they covered them at all – with a “Hamas claims” or “Gaza family members allege”. Everything would be presented in terms of conflicting narratives rather than witnessed facts. Audiences would feel uncertain, hesitant, detached.

    Israel could shroud its slaughter in a fog of confusion and disputation. The natural revulsion evoked by a genocide would be tempered and attenuated.

    For a year, the networks’ most experienced war reporters have stayed put in their hotels in Israel, watching Gaza from afar. Their human-interest stories, always at the heart of war reporting, have focused on the far more limited suffering of Israelis than the vast catastrophe unfolding for Palestinians.

    That is why Western audiences have been forced to relive a single day of horror for Israel, on October 7, 2023, as intensely as they have a year of greater horrors in Gaza — in what the World Court has judged to be a “plausible” genocide by Israel.

    That is why the media have immersed their audiences in the agonies of the families of some 250 Israelis — civilians taken hostage and soldiers taken captive — as much as they have the agonies of 2.3 million Palestinians bombed and starved to death week after week, month after month.

    That is why audiences have been subjected to gaslighting narratives that frame Gaza’s destruction as a “humanitarian crisis” rather than the canvas on which Israel is erasing all the known rules of war.

    Western media’s human-interest stories, always at the heart of war reporting, have focused on the far more limited suffering of Israelis than the vast catastrophe unfolding for Palestinians. Image: www.jonathan-cook.net

    While foreign correspondents sit obediently in their hotel rooms, Palestinian journalists have been picked off one by one — in the greatest massacre of journalists in history.

    Israel is now repeating that process in Lebanon. On the night of October 24, it struck a residence in south Lebanon where three journalists were staying. All were killed.

    In an indication of how deliberate and cynical Israel’s actions are, it put its military’s crosshairs on six Al Jazeera reporters last month, smearing them as “terrorists” working for Hamas and Islamic Jihad. They are reportedly the last surviving Palestinian journalists in northern Gaza, which Israel has sealed off while it carries out the so-called “General’s Plan”.

    Israel wants no one reporting its final push to ethnically cleanse northern Gaza by starving out the 400,000 Palestinians still there and executing anyone who remains as a “terrorist”.

    These six join a long list of professionals defamed by Israel in the interests of advancing its genocide — from doctors and aid workers to UN peacekeepers.

    Sympathy for Israel
    Perhaps the nadir of Israel’s domestication of foreign journalists was reached last month in a report by CNN. Back in February whistleblowing staff there revealed that the network’s executives have been actively obscuring Israeli atrocities to portray Israel in a more sympathetic light.

    In a story whose framing should have been unthinkable — but sadly was all too predictable — CNN reported on the psychological trauma some Israeli soldiers are suffering from time spent in Gaza, in some cases leading to suicide.

    Committing a genocide can be bad for your mental health, it seems. Or as CNN explained, its interviews “provide a window into the psychological burden that the war is casting on Israeli society”.

    In its lengthy piece, titled “He got out of Gaza, but Gaza did not get out of him”, the atrocities the soldiers admit committing are little more than the backdrop as CNN finds yet another angle on Israeli suffering. Israeli soldiers are the real victims — even as they perpetrate a genocide on the Palestinian people.

    One bulldozer driver, Guy Zaken, told CNN he could not sleep and had become vegetarian because of the “very, very difficult things” he had seen and had to do in Gaza.

    What things? Zaken had earlier told a hearing of the Israeli Parliament that his unit’s job was to drive over many hundreds of Palestinians, some of them alive.

    CNN reported: “Zaken says he can no longer eat meat, as it reminds him of the gruesome scenes he witnessed from his bulldozer in Gaza.”

    Doubtless some Nazi concentration camp guards committed suicide in the 1940s after witnessing the horrors there — because they were responsible for them. Only in some weird parallel news universe, would their “psychological burden” be the story.

    After a huge online backlash, CNN amended an editor’s note at the start of the article that originally read: “This story includes details about suicide that some readers may find upsetting.”

    Readers, it was assumed, would find the suicide of Israeli soldiers upsetting, but apparently not the revelation that those soldiers were routinely driving over Palestinians so that, as Zaken explained, “everything squirts out”.

    Banned from Gaza
    Finally, a year into Israel’s genocidal war, now rapidly spreading into Lebanon, some voices are being raised very belatedly to demand the entry of foreign journalists into Gaza.

    This week — in a move presumably designed, as November’s elections loom, to ingratiate themselves with voters angry at the party’s complicity in genocide — dozens of Democratic members of the US Congress wrote to President Joe Biden asking him to pressure Israel to give journalists “unimpeded access” to the enclave.

    Don’t hold your breath.

    Western media have done very little themselves to protest their exclusion from Gaza over the past year — for a number of reasons.

    Given the utterly indiscriminate nature of Israel’s bombardment, major outlets have not wanted their journalists getting hit by a 2000lb bomb for being in the wrong place.

    That may in part be out of concern for their welfare. But there are likely to be more cynical concerns.

    Having foreign journalists in Gaza blown up or executed by snipers would drag media organisations into direct confrontation with Israel and its well-oiled lobby machine.

    The response would be entirely predictable, insinuating that the journalists died because they were colluding with “the terrorists” or that they were being used as “human shields” — the excuse Israel has rolled out time and again to justify its targeting of doctors in Gaza and UN peacekeepers in Lebanon.

    But there’s a bigger problem. The establishment media have not wanted to be in a position where their journalists are so close to the “action” that they are in danger of providing a clearer picture of Israel’s war crimes and its genocide.

    The media’s current distance from the crime scene offers them plausible deniability as they both-sides every Israeli atrocity.

    In previous conflicts, western reporters have served as witnesses, assisting in the prosecution of foreign leaders for war crimes. That happened in the wars that attended the break-up of Yugoslavia, and will doubtless happen once again if Russian President Valdimir Putin is ever delivered to The Hague.

    But those journalistic testimonies were harnessed to put the West’s enemies behind bars, not its closest ally.

    The media do not want their reporters to become chief witnesses for the prosecution in the future trials of Israeli Prime Minister Benjamin Netanyahu and his Defence Minister, Yoav Gallant, at the International Criminal Court. The ICC’s Prosecutor, Karim Khan, is seeking arrest warrants for them both.

    After all, any such testimony from journalists would not stop at Israel’s door. They would implicate Western capitals too, and put establishment media organisations on a collision course with their own governments.

    The Western media does not see its job as holding power to account when the West is the one committing the crimes.

    Censoring Palestinians
    Journalist whistleblowers have gradually been coming forward to explain how establishment news organisations — including the BBC and the supposedly liberal Guardian — are sidelining Palestinian voices and minimising the genocide.

    An investigation by Novara Media recently revealed mounting unhappiness in parts of The Guardian newsroom at its double standards on Israel and Palestine.

    Its editors recently censored a commentary by preeminent Palestinian author Susan Abulhawa after she insisted on being allowed to refer to the slaughter in Gaza as “the holocaust of our times”.

    Senior Guardian columnists such as Jonathan Freedland made much during Jeremy Corbyn’s tenure as leader of the Labour party that Jews, and Jews alone, had the right to define and name their own oppression.

    That right, however, does not appear to extend to Palestinians.

    As staff who spoke to Novara noted, The Guardian’s Sunday sister paper, The Observer, had no problem opening its pages to British Jewish writer Howard Jacobson to smear as a “blood libel” any reporting of the provable fact that Israel has killed many, many thousands of Palestinian children in Gaza.

    One veteran journalist there said: “Is The Guardian more worried about the reaction to what is said about Israel than Palestine? Absolutely.”

    Another staff member admitted it would be inconceivable for the paper to be seen censoring a Jewish writer. But censoring a Palestinian one is fine, it seems.

    Other journalists report being under “suffocating control” from senior editors, and say this pressure exists “only if you’re publishing something critical of Israel”.

    According to staff there, the word “genocide” is all but banned in the paper except in coverage of the International Court of Justice, whose judges ruled nine months ago that a “plausible” case had been made that Israel was committing genocide. Things have got far worse since.

    Whistleblowing journalists
    Similarly, “Sara”, a whistleblower who recently resigned from the BBC newsroom and spoke of her experiences to Al Jazeera’s Listening Post, said Palestinians and their supporters were routinely kept off air or subjected to humiliating and insensitive lines of questioning.

    Some producers have reportedly grown increasingly reluctant to bring on air vulnerable Palestinians, some of whom have lost family members in Gaza, because of concerns about the effect on their mental health from the aggressive interrogations they were being subjected to from anchors.

    According to Sara, BBC vetting of potential guests overwhelmingly targets Palestinians, as well as those sympathetic to their cause and human rights organisations. Background checks are rarely done of Israelis or Jewish guests.

    She added that a search showing that a guest had used the word “Zionism” — Israel’s state ideology — in a social media post could be enough to get them disqualified from a programme.

    Even officials from one of the biggest rights group in the world, the New York-based Human Rights Watch, became persona non grata at the BBC for their criticisms of Israel, even though the corporation had previously relied on their reports in covering Ukraine and other global conflicts.

    Israeli guests, by contrast, “were given free rein to say whatever they wanted with very little pushback”, including lies about Hamas burning or beheading babies and committing mass rape.

    An email cited by Al Jazeera from more than 20 BBC journalists sent last February to Tim Davie, the BBC’s director-general, warned that the corporation’s coverage risked “aiding and abetting genocide through story suppression”.

    Upside-down values
    These biases have been only too evident in the BBC’s coverage, first of Gaza and now, as media interest wanes in the genocide, of Lebanon.

    Headlines — the mood music of journalism, and the only part of a story many of the audience read — have been uniformly dire.

    For example, Netanyahu’s threats of a Gaza-style genocide against the Lebanese people last month if they did not overthrow their leaders were soft-soaped by the BBC headline: “Netanyahu’s appeal to Lebanese people falls on deaf ears in Beirut.”

    Reasonable readers would have wrongly inferred both that Netanyahu was trying to do the Lebanese people a favour (by preparing to murder them), and that they were being ungrateful in not taking up his offer.

    It has been the same story everywhere in the establishment media. In another extraordinary, revealing moment, Kay Burley of Sky News announced last month the deaths of four Israeli soldiers from a Hezbollah drone strike on a military base inside Israel.

    With a solemnity usually reserved for the passing of a member of the British royal family, she slowly named the four soldiers, with a photo of each shown on screen. She stressed twice that all four were only 19 years old.

    Sky News seemed not to understand that these were not British soldiers, and that there was no reason for a British audience to be especially disturbed by their deaths. Soldiers are killed in wars all the time — it is an occupational hazard.

    And further, if Israel considered them old enough to fight in Gaza and Lebanon, then they were old enough to die too without their age being treated as particularly noteworthy.

    But more significantly still, Israel’s Golani Brigade to which these soldiers belonged has been centrally involved in the slaughter of Palestinians over the past year. Its troops have been responsible for many of the tens of thousands of children killed and maimed in Gaza.

    Each of the four soldiers was far, far less deserving of Burley’s sympathy and concern than the thousands of children who have been slaughtered at the hands of their brigade. Those children are almost never named and their pictures are rarely shown, not least because their injuries are usually too horrifying to be seen.

    It was yet more evidence of the upside-down world the establishment media has been trying to normalise for its audiences.

    It is why statistics from the United States, where the coverage of Gaza and Lebanon may be even more unhinged, show faith in the media is at rock bottom. Fewer than one in three respondents — 31 percent — said they still had a “great deal or fair amount of trust in mass media”.

    Crushing dissent
    Israel is the one dictating the coverage of its genocide. First by murdering the Palestinian journalists reporting it on the ground, and then by making sure house-trained foreign correspondents stay well clear of the slaughter, out of harm’s way in Tel Aviv and Jerusalem.

    And as ever, Israel has been able to rely on the complicity of its Western patrons in crushing dissent at home.

    Last week, a British investigative journalist, Asa Winstanley, an outspoken critic of Israel and its lobbyists in the UK, had his home in London raided at dawn by counter-terrorism police.

    Though the police have not arrested or charged him — at least not yet — they snatched his electronic devices. He was warned that he is being investigated for “encouragement of terrorism” in his social media posts.

    Police told Middle East Eye that his devices had been seized as part of an investigation into suspected terrorism offences of “support for a proscribed organisation” and “dissemination of terrorist documents”.

    The police can act only because of Britain’s draconian, anti-speech Terrorism Act.

    Section 12, for example, makes the expression of an opinion that could be interpreted as sympathetic to armed Palestinian resistance to Israel’s illegal occupation — a right enshrined in international law but sweepingly dismissed as “terrorism” in the West — itself a terrorism offence.

    Those journalists who haven’t been house-trained in the establishment media, as well as solidarity activists, must now chart a treacherous path across intentionally ill-defined legal terrain when talking about Israel’s genocide in Gaza.

    Winstanley is not the first journalist to be accused of falling foul of the Terrorism Act. In recent weeks, Richard Medhurst, a freelance journalist, was arrested at Heathrow airport on his return from a trip abroad. Another journalist-activist, Sarah Wilkinson, was briefly arrested after her home was ransacked by police.

    Their electronic devices were seized too.

    Meanwhile, Richard Barnard, co-founder of Palestine Action, which seeks to disrupt the UK’s supply of weapons to Israel’s genocide, has been charged over speeches he has made against the genocide.

    It now appears that all these actions are part of a specific police campaign targeting journalists and Palestinian solidarity activists: “Operation Incessantness”.

    The message this clumsy title is presumably supposed to convey is that the British state is coming after anyone who speaks out too loudly against the British government’s continuing arming and complicity in Israel’s genocide.

    Notably, the establishment media have failed to cover this latest assault on journalism and the role of a free press — supposedly the very things they are there to protect.

    The raid on Winstanley’s home and the arrests are intended to intimidate others, including independent journalists, into silence for fear of the consequences of speaking up.

    This has nothing to do with terrorism. Rather, it is terrorism by the British state.

    Once again the world is being turned upside down.

    Echoes from history
    The West is waging a campaign of psychological warfare on its populations: it is gaslighting and disorientating them, classing genocide as “self-defence” and opposition to it a form of “terrorism”.

    This is an expansion of the persecution suffered by Julian Assange, the Wikileaks founder who spent years locked up in London’s Belmarsh high-security prison.

    His unprecedented journalism — revealing the darkest secrets of Western states — was redefined as espionage. His “offence” was revealing that Britain and the US had committed systematic war crimes in Iraq and Afghanistan.

    Now, on the back of that precedent, the British state is coming after journalists simply for embarrassing it.

    Late last month I attended a meeting in Bristol against the genocide in Gaza at which the main speaker was physically absent after the British state failed to issue him an entry visa.

    The missing guest — he had to join us by zoom — was Mandla Mandela, the grandson of Nelson Mandela, who was locked up for decades as a terrorist before becoming the first leader of post-apartheid South Africa and a feted, international statesman.

    Mandla Mandela was until recently a member of the South African Parliament.

    A Home Office spokesperson told Middle East Eye that the UK only issued visas “to those who we want to welcome to our country”.

    Media reports suggest Britain was determined to exclude Mandela because, like his grandfather, he views the Palestinian struggle against Israeli apartheid as intimately linked to the earlier struggle against South Africa’s apartheid.

    The echoes from history are apparently entirely lost on officials: the UK is once again associating the Mandela family with terrorism. Before it was to protect South Africa’s apartheid regime. Now it is to protect Israel’s even worse apartheid and genocidal regime.

    The world is indeed turned on its head. And the West’s supposedly “free media” is playing a critical role in trying to make our upside-down world seem normal.

    That can only be achieved by failing to report the Gaza genocide as a genocide. Instead, Western journalists are serving as little more than stenographers. Their job: to take dictation from Israel.

    Jonathan Cook is an award-winning British journalist. He was based in Nazareth, Israel, for 20 years and returned to the UK in 2021. He is the author of three books on the Israel-Palestine conflict, including Disappearing Palestine: Israel’s Experiments in Human Despair (2008). In 2011, Cook was awarded the Martha Gellhorn Special Prize for Journalism for his work on Palestine and Israel. This article was first published in Middle East Eye and is republished with the author’s permission.

    This article was first published on Café Pacific.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Europe: New vision for a sustainable, crisis-proof food system

    Source: European Union 2

    The European Economic and Social Committee (EESC) has laid out a bold vision for transforming the EU’s agriculture, fisheries, and food systems to better withstand crises while ensuring sustainability. The opinion “Fostering sustainable and resilient food systems in times of crisis,” requested by the Hungarian presidency, was adopted at the October plenary. By focusing on food security, fair income for producers, environmental resilience, and the next generation of food producers, these proposals offer a clear path for the EU to build a food system that not only survives continuous challenges and crisis but thrives in the long term.

    The EESC envisions a food system that is competitive, crisis-proof, and aligned with EU environmental and social objectives. “Ensuring stable, sustainable incomes for producers is essential, as is fostering a knowledge-based food policy that encourages innovation” said Arnold Puech d’Alissac, President of the World Farmers Organisation and one of the three rapporteurs of the opinion. To support this vision, the EESC calls for a new policy model to strengthen the farming sector’s bargaining position in the food chain when it comes to price negotiations as well as an increase in the budget for adequate financing of EU agriculture and fisheries.

    EESC insists that future trade agreements should incorporate the Green Deal and Farm to Fork standards to ensure fair competition and maintain high food quality, aligning global trade with the EU’s sustainability goals.

    “Ensuring fair income for primary producers is critical,” noted Piroska Kállay, rapporteur from Hungary. ”We need to see farmers as part of the solution and not part of the problem”, she added. Stricter enforcement of unfair trading practices and the standardization of their enforcement at the EU level as well as the introduction of a ban on below-cost selling, are necessary steps to rebalance power in the food supply chain.

    To sustain the food system for future generations, the EESC advocates for policies that promote generational renewal, particularly targeting young people and women. This includes education, training, and support for cooperatives and community-assisted agriculture, which build resilience by distributing economic risks and benefits more equitably among producers.

    The EESC also recommends rewarding carbon sequestration efforts in agriculture, such as sustainable soil management, while implementing policies to prevent carbon leakage. ”These measures would help align food production with the EU’s climate targets and global environmental commitments,” said Joe Healy, rapporteur from Ireland.

    In response to the growing threat of climate-related disasters, the EESC proposes an EU-wide system of public insurance, backed by public investment, to protect producers from natural disasters like floods or crop failures, ensuring continuity in food supply.

    Sustainable management of soil and water is essential for long-term productivity. The EESC urges policies that regenerate and restore soil health, increase water efficiency and reduce water usage, —critical steps in maintaining resilience against climate pressures.

    Additionally, the EESC calls for reducing red tape throughout the food chain to streamline processes and increase transparency. Regulating trade flows and establishing a digitized data center for price and cost tracking will help avoid market disruptions and enhance transparency in food supply chains.

    Finally, the EESC reiterates its previous proposals for establishing a European Food Policy Council (EFPC) to strengthen dialogue on food-related issues. This platform would bring together diverse stakeholders to align food policy with broader social and environmental objectives, ensuring a cohesive approach to the EU’s food systems. The EESC notes with satisfaction the similar proposal in the report of the strategic dialogue on the future of EU agriculture.

    The EESC’s proposals provide a comprehensive roadmap for strengthening the EU’s food systems, making them more resilient, sustainable, and equitable in the face of growing global challenge. (ks)

    MIL OSI Europe News

  • MIL-OSI Banking: Result of the 3-day Variable Rate Reverse Repo (VRRR) auction held on November 04, 2024

    Source: Reserve Bank of India

    Tenor 3-day
    Notified Amount (in ₹ crore) 1,75,000
    Total amount of offers received (in ₹ crore) 74,000
    Amount accepted (in ₹ crore) 74,000
    Cut off Rate (%) 6.49
    Weighted Average Rate (%) 6.49
    Partial Acceptance Percentage of offers received at cut off rate NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/1417

    MIL OSI Global Banks

  • MIL-OSI: Sampo plc’s share buybacks 1 November 2024

    Source: GlobeNewswire (MIL-OSI)

    Sampo plc, stock exchange release, 4 November 2024 at 8:30 am EET

    Sampo plc’s share buybacks 1 November 2024

    On 1 November 2024, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI4000552500) as follows:                

    Sampo plc’s share buybacks Aggregated daily volume (in number of shares) Daily weighted average price of the purchased shares* Market (MIC Code)
      4,395 41.16 AQEU        
      40,324 41.18 CEUX
      754 41.28 TQEX
      46,183 41.19 XHEL
    TOTAL 91,656 41.19  

    *rounded to two decimals                

    On 17 June 2024, Sampo announced a share buyback programme of up to a maximum of EUR 400 million in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. On 16 September 2024, the Board of Directors of Sampo plc resolved to increase the share buyback programme to EUR 475 million. The programme, which started on 18 June 2024, is based on the authorisation granted by Sampo’s Annual General Meeting on 25 April 2024.

    After the disclosed transactions, the company owns in total 9,872,296 Sampo A shares representing 1.79 per cent of the total number of shares in Sampo plc, taking the issuance of shares on 16 September 2024 into account.

    Details of each transaction are included as an appendix of this announcement.

    On behalf of Sampo plc,
    Morgan Stanley

    For further information, please contact:

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

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

    Attachment

    The MIL Network

  • MIL-OSI: BW Energy Limited: First day of trading of bonds

    Source: GlobeNewswire (MIL-OSI)

    BW Energy Limited – First day of trading of bonds

    Reference is made to the stock exchange announcement by BW Energy Limited (the “Company”) on 31 October 2024 regarding the approval and publication of the Company’s prospectus in connection with the listing of a new senior unsecured bond issue with an initial issue amount of USD 100 million with ISIN NO0013259663 on the Oslo Stock Exchange.

    As of today, the bonds start trading on Euronext Oslo Børs under the ticker code “BWE01”.

    For further information, please contact:

    Brice Morlot, CFO BW Energy, +33.7.81.11.41.16

    ir@bwenergy.com

    About BW Energy:

    BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company’s assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block in, a 95% interest in the Maromba field in Brazil and a 95% interest in the Kudu field in Namibia, all operated by BW Energy. Total net 2P+2C reserves and resources were 580 million barrels of oil equivalents at the start of 2024.

    The MIL Network

  • MIL-OSI Economics: Samsung Opens Its Largest Experience Store in Gurugram at DLF CyberHub, Redefining Customer Engagement with Next-Gen Technology

    Source: Samsung

     
    Samsung, India’s leading consumer electronics brand, has announced the launch of its largest Experience Store in Gurugram, located at DLF CyberHub—a centre known for its diverse mix of entertainment, lifestyle, and commerce. This sprawling 3,000 sq. ft. space is where consumers can immerse themselves in Samsung’s most advanced mobile and connected technology offerings.
     
    Located in one of Gurugram’s busiest and most accessible areas, the store is designed to cater to the city’s tech-savvy and innovation-driven community. Visitors can experience hands-on interaction with Samsung’s flagship smartphones, wearables, audio devices, and the SmartThings ecosystem in thoughtfully curated immersive zones.
     
    In addition, the store emphasizes personalized customer engagement, with dedicated experts available to guide visitors through Samsung’s latest products, helping them discover tailored solutions that meet their lifestyle needs.
     
    “Our new Experience Store at DLF CyberHub marks a significant step in Samsung’s journey to bring innovative, seamlessly-integrated technology closer to consumers. This store is more than a retail space, it offers a glimpse into the future of connected living, where our SmartThings ecosystem and mobile experiences converge to improve everyday life. Building on the success of our existing experience stores nationwide, the CyberHub location is set to elevate customer engagement through hands-on demonstrations, personalized consultations, and immersive zones that highlight our latest innovations. We invite consumers to explore and experience the cutting-edge technology that is shaping the future of how we live, work, and connect,” said Sumit Walia, Vice President, D2C Business, Samsung India.
     
    Samsung’s new Experience Store is a careful blend of the physical and digital worlds. With a full omni-channel experience, customers can transition effortlessly between browsing in-store and purchasing online through Samsung’s Store+ platform. Whether in-store or online, consumers have access to over 1,200 Samsung products, ranging across Mobiles, Smart TVs, Refrigerators and beyond, all available for home delivery.
     
    Samsung is also taking customer engagement a step further with its ‘Learn @ Samsung’ initiative, offering workshops designed for AI education. This includes topics that focus on consumer passion points and interests such as doodling, photography, fitness and productivity. The new Samsung Experience store will also be providing after-sales service for smartphones and the convenience of booking home service calls for all consumer electronics needs.
     
    To mark the opening, Samsung is rolling out special offers for early visitors, including the Galaxy Fit3 at INR 1,999 on select Galaxy purchases and double SmartClub points on all transactions. These exclusive deals add even more value to the immersive experience awaiting customers at DLF CyberHub.
     
    Samsung invites all tech enthusiasts, shoppers, and innovators to visit the new Experience Store and explore the best in mobile technology, connected solutions, and personalized services—all designed to deliver a premium, future-forward experience.

    MIL OSI Economics

  • MIL-Evening Report: Crossbenchers cancel their membership of airlines’ elite lounges

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

    Crossbench independents Allegra Spender, Helen Haines and Kate Chaney have declared they are pulling out of the elite lounges run by Qantas and Virgin, amid the ongoing spotlight on privileges politicians receive from the airlines.

    Allegra Spender, the member for the Sydney seat of Wentworth, also said she’d write to ask Qantas and Virgin not to give free upgrades to parliamentarians. It was “time to end the upgrades”.

    She said all sides of politics enjoyed the perks, and both major parties had blocked greater competition from Qatar Airways.

    Airlines operated under government policy and ministerial decisions, she said. “The public is understandably losing trust in politicians to make those decisions impartially when they’re being given free upgrades from the companies they’re supposed to regulate.”

    Spender urged a review of the ministerial code of conduct. Tighter rules were needed about what politicians could accept. The code should also be extended to shadow ministers. There should as well be much more transparency over the diaries of ministers, she said.

    “This is the only way to deal with the perception – and potential reality – of decisions being influenced by perks.”

    But Labor MP Luke Gosling, from the Darwin seat of Solomon, accused her of grandstanding. “It’s a bit rich from the people with harbour views who either drive or have less than a one-hour flight,” he told the ABC.

    Haines, from the Victorian regional seat of Indi, said she was quitting the lounges because she wanted “to remove any possibility of an actual or perceived conflict of interest” in her work as an MP.

    “The reality that airlines offer these kinds of perks because ultimately they want to get something in return does not sit well with me and I want to continue to contribute to creating a culture of transparency and accountability through my actions as well as my words.”

    Haines said she wanted “to see more rigorous rules around MP disclosures of upgrades and I think a ban on soliciting free flight upgrades is more than reasonable”.

    Chaney, who holds the Western Australian seat of Curtin, said with the media attention on the issue “we need to do everything we can to rebuild trust in politicians making decisions in the public interest”.

    Another crossbencher, Monique Ryan, from the Melbourne seat of Kooyong, who dropped her Qantas chairman’s lounge membership last year on integrity grounds, said she welcomed the discussion about the impact of corporate largesse on MPs’ decision-making.

    “I am deeply concerned about lobbying and its potential to impact government decision making. Free upgrades and airline hospitality are lobbying practices that we have taken for granted for a long time, and it is important that we re-examine them — especially given public concerns about conflicts of interest.”

    Meanwhile there is no indication of when opposition transport spokeswoman Bridget McKenzie, who was leading the charge against the prime minister over his upgrades, will produce a list of her own. She has said she has written to three airlines to check what upgrades she has had.

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

    ref. Crossbenchers cancel their membership of airlines’ elite lounges – https://theconversation.com/crossbenchers-cancel-their-membership-of-airlines-elite-lounges-242782

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: China sees progress in green transition, climate response

    Source: China State Council Information Office 2

    China has scored remarkable achievements in green and low-carbon development in recent years, accelerating its green transition on multiple fronts while actively contributing to global actions against climate change.
    Green transition
    Wen Hua, an official with the National Development and Reform Commission, said that China’s progress in green development was manifested in several aspects, citing the policy framework for carbon peaking and neutrality, an optimized industrial structure, and higher resource utilization efficiency, among others.
    China has established a “1+N” policy framework for carbon peaking and neutrality, which includes two overarching documents as top-level design, 12 implementation plans targeting specific sectors and industries, and supporting plans covering sectors such as science, technology and finance, Wen said.
    The industrial structure has also been upgraded. While improving energy efficiency and reducing carbon emissions from existing projects, China has set strict energy and environmental standards for new projects.
    In particular, Wen underscored the positive impacts of the large-scale equipment upgrades and trade-ins of consumer goods programs implemented since the start of the year.
    The scheme serves not only as a robust measure to boost investment and consumption, but also a crucial climate policy. By promoting the application of advanced and energy-saving products and equipment, the program has helped reduce energy and carbon intensities across society, Wen said.
    Dong Wancheng, an official with the National Energy Administration, highlighted the country’s intensified efforts in energy transition. Dong said that China has boosted the development of clean energy, with the share of clean energy in total energy use increasing 10.9 percentage points over the past decade.
    Global contribution
    While speeding up its transition towards green and low-carbon growth, China has also played an active role in global climate change mitigation.
    China’s energy transition is making an increasing contribution to the world, said Dong, adding that the country has been sharing high-quality clean energy products with other countries, contributing to the world’s energy transition and carbon reduction.
    For instance, China’s wind power and photovoltaic product exports helped other countries reduce carbon dioxide emissions by about 810 million tonnes in 2023, according to the white paper issued by China’s State Council Information Office in August this year.
    Xia Yingxian, an official with the Ministry of Ecology and Environment, said that China has placed great importance on tackling climate change and has made new strides in this regard.
    According to Xia, China’s carbon dioxide emissions per unit of GDP have logged a sustained decline, and its carbon market mechanism has been further strengthened. He emphasized that the country will steadily expand its national carbon trading market and strive to ensure its healthy and stable operation.
    Noting that the 29th session of the Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change is approaching, Xia said that China will continue to play a positive and constructive role in negotiations.
    Azerbaijan has been selected as the Presidency of the COP29, to be hosted in Baku this November.
    Xia said that China will work with all other parties to support Azerbaijan’s Presidency in achieving positive outcomes from the COP29. 

    MIL OSI China News

  • MIL-OSI China: China creates 2.45 million jobs through work-relief programs

    Source: China State Council Information Office 2

    China has promoted the implementation of work-relief programs by local governments in key projects as well as agricultural and rural infrastructure projects to boost employment, the country’s top economic planning body said Monday.
    In the first three quarters of 2024, these programs created a total of 2.45 million jobs for low-income workers, a year-on-year increase of 30.2 percent, and distributed 31 billion yuan (about 4.35 billion U.S. dollars) in wages, up 22.7 percent from a year earlier, according to the National Development and Reform Commission.
    These work-relief programs are aimed at people in need of employment, especially rural residents who have been lifted out of poverty, vulnerable individuals prone to returning to poverty, and migrant workers who have gone back to their hometowns.
    The commission will continue to give full play to the role of these programs in creating jobs for low-income workers and increasing their incomes, it said. 

    MIL OSI China News

  • MIL-OSI Asia-Pac: DoJ strongly condemns violent and illegal acts of attempting to attack magistrate

    Source: Hong Kong Government special administrative region

    DoJ strongly condemns violent and illegal acts of attempting to attack magistrate
    DoJ strongly condemns violent and illegal acts of attempting to attack magistrate
    *********************************************************************************

         The Department of Justice (DoJ) strongly condemned the attempt to attack a magistrate involving the use of a knife, threatening his personal safety, at the Kowloon City Magistrates’ Courts this morning (November 4). The Hong Kong Special Administrative Region (HKSAR) Government will not tolerate any illegal or violent acts, and the Police will thoroughly investigate the case, strictly enforce the law and bring any offender to account.     Article 85 of the Basic Law clearly states that the courts of the HKSAR shall exercise judicial power independently, free from any interference. Judges should handle cases in accordance with law and evidence. Intimidation, in particular violence of any form against judges who are performing judicial duties, will never be tolerated. Such illegal acts not only disregard the law but also undermine the rule of law. The Police will follow up on the matter seriously. The DoJ appeals to the public to respect the rule of law and not to break the law.

     
    Ends/Monday, November 4, 2024Issued at HKT 14:56

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Land Registry releases statistics for October

    Source: Hong Kong Government special administrative region

         The Land Registry today (November 4) released its statistics for October 2024.
     
    Land registration    
    ——————- 
    *   The number of sale and purchase agreements for all building units received for registration in October was 5 857 (+52.4 per cent compared with September 2024 and +99.4 per cent compared with October 2023)
     
    *   The 12-month moving average for October was 5 173 (4.9 per cent above the 12-month moving average for September 2024 and 7.0 per cent above that for October 2023)
     
    *   The total consideration for sale and purchase agreements of building units in October was $41.7 billion (+50.6 per cent compared with September 2024 and +43.6 per cent compared with October 2023)
     
    *   Among the sale and purchase agreements, 4 697 were for residential units (+64.9 per cent compared with September 2024 and +121.2 per cent compared with October 2023)
     
    *   The total consideration for sale and purchase agreements in respect of residential units was $37.3 billion (+78.9 per cent compared with September 2024 and +52.2 per cent compared with October 2023)
     
         Statistics on sales of residential units do not include sale and purchase agreements relating to sales of units under the Home Ownership Scheme, the Private Sector Participation Scheme, the Tenants Purchase Scheme, etc, unless the premium of the unit concerned has been paid after the sale restriction period.
          
         Figures on sale and purchase agreements received for the past 12 months, the year-on-year rate of change and breakdown figures on residential sales have also been released.
          
         As deeds may not be lodged with the Land Registry until up to 30 days after the transaction, these statistics generally relate to land transactions in the previous month.
     
    Land search    
    ————– 
    *   The number of searches of land registers made by the public in October was 394 484 (+11.1 per cent compared with September 2024 and +7.9 per cent compared with October 2023)
     
         The statistics cover searches made at the counter, through the self-service terminals and via the Integrated Registration Information System Online Services.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: The warmest October

    Source: Hong Kong Government special administrative region

    The warmest October
    The warmest October
    *******************

         Mainly attributable to the weaker northeast monsoon over southern China, October 2024 was much warmer than usual in Hong Kong. The monthly mean maximum temperature of 30.3 degrees, monthly mean temperature of 27.3 degrees and monthly mean minimum temperature of 25.4 degrees were 2.2 degrees, 1.6 degrees and 1.5 degrees respectively above their corresponding normals and all of them were the highest on record for October. There were three very hot days in the month, one of the highest on record for October. The month was also much drier than usual with a total rainfall of 11.3 millimetres, only about 9 per cent of the normal figure of 120.3 millimetres. The accumulated rainfall this year up to October was 2 115.6 millimetres, about 10 per cent lower than the normal figure of 2 363.1 millimetres for the same period.      Super Typhoon Krathon over the northeastern part of the South China Sea moved slowly towards the southern part of Taiwan on October 1 and 2. It weakened into a typhoon and made landfall over the coast of Gaoxiong on the afternoon of October 3. Krathon rapidly weakened into an area of low pressure over the southern part of Taiwan the next morning. Under the influence of the outer subsiding air of Krathon, it was mainly fine and very hot in Hong Kong on the first day of the month. The temperatures at the Observatory soared to a maximum of 34.2 degrees on that afternoon, the highest of the month and also the third-highest absolute maximum temperature for October. Moreover, the daily mean temperature of 30.9 degrees on the same day was the highest on record for October.      Meanwhile, a strong northeast monsoon gradually affected the coast of Guangdong on October 1, and local winds strengthened from the north in the afternoon. Under the influence of the monsoon, it was slightly cooler in the morning of October 2 and 3, and the weather was mainly fine and dry during the day. The weather remained mainly fine and dry during the day from October 4 to 8. With a band of clouds covering the coastal areas of Guangdong, the weather turned cloudier with a few light rain patches on October 9. While it was dry with sunny periods during the day on October 10, an easterly airstream set in at night and brought rainy weather to Hong Kong that night and the next morning. The rain was heavier on the morning of October 11, and more than 20 millimetres of rainfall were recorded over the eastern part of the territory. The weather turned dry with sunny intervals in the afternoon.      Under the influence of a dry easterly airstream, apart from a few rain patches on the morning of October 12, the weather was mainly fine and dry during the day from October 12 to 15. Affected by upper-air disturbances, the weather turned cloudier with a few showers from October 16 to 18. It was mainly fine with some haze on October 19. With light winds and plenty of sunshine, the maximum temperature recorded at the Observatory in the afternoon was 33.7 degrees, making it the latest very hot day of a year on record. Affected by an easterly airstream, there were a few light rain patches in the morning and sunny intervals during the day on October 20 and 21. With the moderation of the easterly airstream, the weather turned mainly fine and dry on October 22.      Meanwhile, an area of low pressure over the seas east of the Philippines intensified into a tropical depression on October 21 and was later named Trami. It tracked northwestwards towards Luzon and intensified gradually on October 22 and 23. After moving across Luzon, Trami moved generally westwards across the central and northern parts of the South China Sea on October 25 and 26. It made landfall over the central part of Vietnam on the morning of October 27 and progressively weakened into an area of low pressure over the inland areas the next day.       Under the influence of a dry northeast monsoon, it was mainly fine and dry on October 23. With the strengthening of the monsoon, it was slightly cooler the next morning and the temperatures at the Observatory dropped to a minimum of 22.0 degrees, the lowest of the month. The weather was mainly fine and very dry during the day with the relative humidity over most parts of the territory once falling to about 30 per cent. While it was still mainly fine during the day on October 25, the weather turned cloudy at night with the approach of Trami. Under the combined effect of the northeast monsoon and Trami, the weather of Hong Kong was mainly cloudy with a few showers on October 26. Strong winds were also recorded over many places of the territory on that day. With Trami departing from Hong Kong, local winds moderated gradually at night and the next morning. With a band of clouds covering the coast of Guangdong, the weather remained mainly cloudy with a few light rain patches in the morning from October 27 to 29. Affected by a dry northeast monsoon, the weather turned fine and dry on the last two days of the month.      Five tropical cyclones occurred over the South China Sea and the western North Pacific in October 2024.     Details of issuance and cancellation of various warnings/signals in the month are summarised in Table 1. Monthly meteorological figures and departures from normal for October are tabulated in Table 2.

     
    Ends/Monday, November 4, 2024Issued at HKT 15:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI United Kingdom: New tool to make it easier and faster for public to access essential government services online

    Source: United Kingdom – Executive Government & Departments

    GOV.UK Forms, a new tool for faster, more accessible online government forms, will be rolled out nationwide after successful trials showed major time savings and improved efficiency.

    • GOV.UK Forms to be rolled out across government, making it faster and easier for the public to fill out forms such as applying for emergency travel documents 
    • Tool has already helped over 20,000 armed forces personal apply for veteran badges and victims of the Horizon scandal apply for compensation
    • With 87 forms live and used by over 1,200 civil servants, GOV.UK Forms marks a key step in the UK government’s digital transformation

    People across the country will be able to complete government forms online more quickly and easily, boosting efficiency and speeding up access to support. 

    The new tool, GOV.UK Forms, has already been used to speed up registration for redress for more than 300 sub-postmasters affected by the Horizon IT scandal by removing the need for lengthy paperwork, print-outs and administrative hurdles – with forms taking less than five minutes to complete. 

    It’s also been used by the public to register XL Bully dogs and recruit over 400 new volunteer coastguards, with the tool already saving an estimated two years in processing time. 

    GOV.UK Forms will transform how the public fill out applications and forms on GOV.UK by offering them an online platform to fill in their details instead – meaning they no longer have to rely on clunky PDFs or lengthy paperwork, which is inefficient and less accessible.

    The tool will now be rolled out across all government departments after a successful trial and provide civil servants with a digital platform that allows them to create and manage secure, accessible forms online. 

    Harnessing the power of technology will be crucial to support the government in achieving its mission of making public services work for working people, grow the economy, and make everyone across the country better off.     

    Minister for AI and Digital Government Feryal Clark will unveil the full rollout of GOV.UK Forms at the Digital Nations Ministerial Summit in Copenhagen, Denmark today. 

    Speaking on the platform’s success, Minister Clark said:

    We’re enabling citizens to access essential government services more easily and securely, whether it’s applying for long overdue compensation or to become a volunteer.

    Not only will this modernise how the public interacts with us, but it allows departments to focus resources on improving public services – rather than administrative tasks.

    This early success marks the start of our ongoing mission to refine digital tools, building trust and ensuring government works for everyone, everywhere.

    Following successful private beta and early access phases, GOV.UK Forms will now enter a ‘public beta’ testing phase, which will mean it is applied more widely where citizens need to share information with the government.  

    To date, 87 forms have been published, with over 1,200 government users adopting the platform, saving more than two years in processing time. 

    Christine Bellamy, CEO of the Government Digital Service (GDS) said:  

    GOV.UK Forms enables people running government services to create online forms in minutes, without the need for coding or design skills.

    By enabling teams to replace paper-based forms with digital alternatives that are quicker to process, more secure and more accessible, we’re helping to realise a more modern digital government that helps to give people their time back.

    The platform complies with government standards on accessibility and cyber security, enabling all users, including those with access needs, to use the forms easily and securely. It also meets accessibility standards and regularly tests new features to keep the forms easy to use for everyone.  

    GOV.UK Forms is part of a wide range of initiatives in the government’s digital transformation, enhancing efficiency, security, and accessibility for citizens across the UK. 

    Minister Clark’s announcement at the summit will mark a pivotal step forward for GOV.UK Forms as it becomes an essential tool in modernising public engagement with government services.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 300

    Updates to this page

    Published 4 November 2024

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: President Lai meets Czech national baseball team  

    Source: Republic of China Taiwan

    President Lai meets Czech national baseball team  
    2024-11-01

    On the afternoon of November 1, President Lai Ching-te met with the national baseball team of the Czech Republic. In remarks, President Lai thanked the Czech Republic for supporting Taiwan, and noted that the Czech national baseball team had come to Taiwan to take part in two exhibition games, not only for the sake of learning from one another, but also to further cultivate friendship between Taiwan and the Czech Republic. He also stated that the Czech Republic is an important democratic ally of Taiwan in Europe. He stated that the opening of the Czech Centre Taipei this past June shows that our two countries continue to enhance our partnership, and expressed confidence that even greater advances will be achieved in culture and many other fields moving forward.
    A translation of President Lai’s remarks follows:
    The World Baseball Softball Confederation Premier12 tournament is scheduled to start on November 10, with Group B opening round games to be played in Taiwan. I would like to thank Chinese Professional Baseball League Commissioner Tsai Chi-chang (蔡其昌) for inviting the Czech national baseball team to play two exhibition games in Taiwan, not only for the sake of learning from one another, but also to further cultivate friendship between Taiwan and the Czech Republic.
    As a long-time baseball fan, I am very pleased to meet with the Czech national baseball team here at the Presidential Office. Many team members are actually part-timers whose principal occupations are in such fields as firefighting, teaching, medicine, financial analysis, and real estate brokerage, to name just a few. Everyone’s passion for the sport has earned the team a ranking of number 15 in the world and placed them among the top three in Europe. Indeed, in last year’s World Baseball Classic (WBC), the team scored a come-from-behind win over China to take the Czech Republic’s first-ever victory in the WBC tournament. It was an admirable win and an exciting game, and Taiwanese fans were thrilled.
    The Czech Republic is an important democratic ally of Taiwan in Europe. Representative of the Czech Economic and Cultural Office David Steinke is here, so I would like to give special thanks to the Czech Republic for supporting Taiwan. Three years ago, in the midst of the COVID-19 pandemic, the Czech Republic generously donated 30,000 vaccine doses to Taiwan, and when Hualien was hit by a severe earthquake earlier this year, the Czech Republic donated US$150,000 to support reconstruction efforts. On behalf of the people of Taiwan, I want to express our deepest appreciation.
    The opening of the Czech Centre Taipei this past June signifies that our two countries continue to enhance our partnership, and I am confident that even greater advances will be achieved in culture and many other fields moving forward.
    Today is the Czech national baseball team’s second day in Taiwan, so I want to wish everyone a happy and fruitful visit, and I look forward to both teams playing their best in the exhibition games scheduled for tomorrow and the day after.
    Also in attendance was Czech Baseball Association President Petr Ditrich.

    MIL OSI Asia Pacific News

  • MIL-OSI: Aktsiaselts Infortar Unaudited Consolidated Interim Report for third quarter of 2024

    Source: GlobeNewswire (MIL-OSI)

    Aktsiaselts Infortar (Infortar) will organize a webinar for introducing third quarter 2024 results today. Please join the webinar via the following links:

    4. November at 12.00 (EET) Estonian webinar

    4. November at 14.00 (EET) English webinar

    Following the acquisition of a majority stake in Aktsiaselts Tallink Grupp (Tallink), Infortar’s total assets have reached €2.5 billion. For the first nine months of this year, the company’s consolidated revenue amounted to €926 million, net profit reached €187 million, and investments totaled €138 million.

    “We’ve grown into Estonia’s largest investment company in the third quarter—our consolidated asset volume has increased by €1 billion within just nine months. Infortar’s structure and outlook have transformed significantly over a short period; we’re literally fuelled by growth,” remarked Ain Hanschmidt, Chairman of Infortar’s Management Board.

    “Infortar actively seeks and invests in growth across various sectors and beyond borders. When we went public last year, we committed to invest €110 million from 2023 to 2025, yet we have already invested €138 million in the current year alone,” said Hanschmidt.

    In the third quarter of 2024, Infortar increased its shareholding in Tallink to 68.5% through a public share offering. Alongside with other investors, Infortar envisions a strong and stable future for Tallink. The voluntary takeover offer attracted those who wished to exit the region for various reasons.

    In the third quarter of 2024, Tallink transported a total of 1,715,496 passengers, with the company’s ships completing 1,840 departures. Compared to the same period last year, Tallink´s unaudited sales revenue decreased by 3.7%, totalling €231.9 million, with a net profit of €36.8 million.

    AS Eesti Gaas, the largest private energy company in the Finnish and Baltic region, increased its sales volume of natural gas and electricity by 27% year-on-year, reaching 13.9 TWh and a market share of 25.7%. Operating under the Elenger brand in foreign markets, the company is focused on expanding its energy business in Poland and Germany and establishing access to the wholesale gas market in the Netherlands and Belgium.

    The construction of Rimi’s logistics centre and the new Pärnu bridge are going according to the schedule. In July, the bridge arch was installed, introducing new engineering solutions to Estonia.

    At the end of the third quarter, Infortar announced plans to acquire Tallinna Raamatutrükikoda, in addition to the printing houses Printon and Vaba Maa. This acquisition aims to enhance synergies and bolster the company’s extensive experience in the printing sector.

    KEY FIGURES

    9 months 2024 9 months 2023 Q3 2024 Q3 2023
    Revenue (in thousands of EUR) 925 607 746 892 349 468 186 540
    Gross profit (in thousands of EUR) 93 758 107 238 40 669 18 887
    EBITDA (in thousands of EUR) 117 384 105 865 41 874 19 294
    EBITDA margin % 12,7% 14,2% 12,0% 10,3%
    Operating profit (in thousands of EUR) 83 817 94 661 20 422 14 234
    Net profit (in thousands of EUR) 187 339 269 624 114 322 185 941
    Profit attributable to the owners of the parent company (in thousands of EUR) 184 122 269 546 111 105 185 658
    Earnings per share (EUR)* 9,1 13,3 5,5 9,2
             
    Total equity (in thousands of EUR) 1 223 058 771 700    
    Total liabilities (in thousands of EUR) 961 419 480 816    

    * For the period ending 30.09.2024, earnings per share (EPS) in euros have been calculated using a share count of 21,166,239, with company´s own shares deducted for comparability.

    Revenue

    During the first nine months of 2024, Infortar’s consolidated revenue increased by €178.7 million, reaching €925.6 million, compared to €746.9 million in the same period in 2023. This growth was significantly impacted by the line-by-line consolidation of Tallink results into Infortar’s financial statements.

    EBITDA and Segment Reporting

    The acquisition of a majority stake in Tallink does not significantly impact segment reporting; Infortar’s management continues to monitor business segments using existing principles.

    Energy Segment: Nine-month EBITDA for 2024 was €79.5 million, down from €99.1 million in 2023.

    Maritime transportation segment: nine-month EBITDA for 2024 was €149,5 million, compared to €177.7 million in 2023. Until 31.07.24, Infortar consolidated Tallink results by the equity method according to its ownership percentage, switching to line-by-line reporting as of 01.08.24.

    Real Estate Segment: EBITDA for real estate in the first nine months of 2024 reached €12 million, up from €11 million in the same period of 2023.

    Net Profit

    Consolidated net profit for the first nine months of 2024 was €187.3 million, compared to €269.6 million for the same period in 2023. The previous year’s results included a one-time profit from the AS Gaso acquisition.

    Financing

    Loan and lease obligations totalled €961.4 million for the first nine months of 2024, up from €480.8 million in 2023 due to the consolidation of Tallink liabilities. The net debt-to-EBITDA ratio, considering Tallink’s full-year EBITDA for 2024, stands at 2.4.

    Income statement, in thousands of EUR Q3
    2024
    Q3
    2023
    9 months 2024 9 months 2023
    Sales Revenue 349 468 186 540 925 607 746 892
    Cost of Sales -308 803 -169 764 -831 796 -634 815
    Impairment of Receivables 4 2 111 -53 -4 839
    Gross Profit 40 669 18 887 93 758 107 238
    Marketing Expenses -7 789 -394 -8 627 -1 109
    General Administrative Expenses -13 423 -3 975 -27 679 -12 563
    Profit (Loss) from Biological Assets 44 0 17 0
    Loss on Changes in Fair Value of Investment Properties -3 047 0 -2 891 0
    Profit (Loss) from Derivative Instruments 52 380 24 574 1 067
    Other Operating Income 4 368 308 5 449 1 065
    Other Operating Expenses -452 -972 -784 -1 037
    Operating Profit 20 422 14 234 83 817 94 661
    Profit from Investments Accounted for Using the Equity Method 3 243 22 254 22 128 37 701
    Financial Income and Expenses        
    Income from Financial Investments 69 782 -34 72 520 -58
    Interest Expense -11 340 -5 520 -24 466 -14 004
    Interest Income 1 215 467 4 219 2 300
    Profit (Loss) from Foreign Exchange Rate Changes 160 -23 156 -160
    Other Financial Income and Expenses -393 159 216 -395 159 216
    Total Financial Income and Expenses 59 424 154 106 52 034 147 294
    Profit Before Tax 83 089 190 594 157 979 279 656
    Corporate Income Tax 31 233 -4 653 29 360 -10 032
    Profit (Loss) for the Reporting Period 114 322 185 941 187 339 269 624
    Including:        
    Profit (Loss) Attributable to Owners of the Parent Company 111 105 185 658 184 122 269 546
    Profit (Loss) Attributable to Non-controlling Interests 3 217 283 3 217 78
    Other Comprehensive Income for the Reporting Period     -33 463 -60 195
    Total Comprehensive income for the Reporting Period     153 876 209 429
    Including:        
    Comprehensive Income (Loss) Attributable to Owners of the Parent Company     150 659 209 351
    Comprehensive Income (Loss) Attributable to Non-controlling Interests     3 217 78
    Basic Earnings per Share     9,11 13,20
    Diluted Earnings per Share     8,78 12,80

    * The non-cash revaluations of derivative instruments in comprehensive income do not affect the profitability or cash flow generating ability of AS Eesti Gaas or Infortar’s core business operations.

    Balance sheet, in thousands of EUR

    ASSETS     30.09.24   30.09.23   31.12.2023
    CURRENT ASSETS              
    Cash     95 863   90 456   87 115
    Short-term Financial Investments     1   1   0
    Short-term Derivative Instruments     2 246   21 216   28 728
    Receivables from Realized Derivative Instruments     2 773   1 279   5 958
    Receivables from Customers     115 992   91 071   162 575
    Tax Prepayments     4 161   1 192   925
    Other Receivables and Prepayments     31 098   20 228   20 185
    Prepayments for Inventories     2 885   29 354   3 493
    Inventories     221 174   177 824   146 884
    Biological Assets     420   0   0
    Total Current Assets     476 613   432 621   455 863
    NON-CURRENT ASSETS              
    Investments in Associates     15 756   341 490   346 014
    Long-term Derivative Instruments     1 451   3 485   1 125
    Long-term Loans and Other Receivables     29 668   9 771    
    Investment Properties     67 791   171 046   9 072
    Property, Plant, and Equipment     1 816 338   449 014   176 024
    Intangible Assets     39 276   13 474   446 748
    Right-of-use Assets     47 548   10 421   14 366
    Biological Assets     2 840   0   11 300
                   
    Total non-current assets     2 020 668   998 701   1 004 649
    TOTAL ASSETS     2 497 281   1 431 322   1 460 512
                   
    EQUITY AND LIABILITIES              
    CURRENT LIABILITIES              
    Loan Liabilities     199 247   204 468   184 259
    Lease Liabilities     8 499   956   1 766
    Payables to Suppliers     136 017   60 687   74 751
    Tax Liabilities     35 702   17 341   32 822
    Customer Prepayments     34 741   3 171   3 099
    Realized Derivative Instruments     222   3 395   1 463
    Other Short-term Liabilities     53 351   21 374   10 851
    Short-term Derivative Instruments     11 680   226   3 659
    Total Current Liabilities     479 459   311 618   312 670
    NON-CURRENT LIABILITIES              
    Long-term Provisions     9 208   7 255   8 399
    Deferred Income Tax Liability     2 391   34 920   33 233
    Other Long-term Liabilities     28 612   30 426   30 679
    Long-term Derivative Instruments     880   11   186
    Loan liabilities     713 212   265 805   246 410
    Lease liabilities     40 461   9 587   8 725
    TOTAL NON-CURRENT LIABILITIES     794 764   348 004   327 632
    TOTAL LIABILITIES     1 274 223   659 622   640 302
    EQUITY              
    Share Capital     2 117   1 985   2 105
    Treasury Shares     -95   -95   -95
    Share Premium     32 484   0   29 344
    Statutory Reserve     212   205   205
    Option Reserve     7 647   3 068   3 864
    Hedging Reserve*     20 725   22 084   24 118
    Unrealized Exchange Differences     1 114   32   -39
    Reserve for Post-employment Benefit Obligations     -44   0   -44
    Retained Earnings     728 559   474 015   466 140
    Profit for the Reporting Period     184 122   269 546   293 778
    Equity Attributable to Owners of the Parent Company     976 841   770 840   819 376
                   
    Non-controlling Interests     246 217   860   834
    TOTAL EQUITY     1 223 058   771 700   820 210
    TOTAL EQUITY AND LIABILITIES     2 497 281   1 431 322   1 460 512

    * This represents the change in the accounting hedging position, which affects the comprehensive income result.        

    Cash flow statement, in thousands of EUR 9
    months
    2024
      9
    months 2023
      2023
    Cash Flows from Operating Activities          
    Profit for the Reporting Period 187 339   269 624   293 830
    Adjustments          
    Depreciation and Impairment of Fixed Assets 30 676   11 204   15 581
    Change in Value of Investment Properties 2 891   0   4 074
    Profit/Loss from Equity Investments -156 017   -37 701   -39 639
    Change in Value of Derivative Instruments 26 156   59 284   54 122
    Other Financial Income/Expenses -66   -161 433   -161 965
    Accrued Interest Expenses 24 466   14 004   22 573
    Profit/Loss from Disposal of Fixed Assets -301   -76   -91
    Income from Targeted Financing Recognized in Revenue -319   -347   784
    Accrued Income Tax Expense -29 360   10 032   8 610
    Income Tax Paid -1 482   0   -267
    Change in Receivables and Prepayments Related to Operating Activities 79 126   130 325   54 540
    Change in Inventories -22 986   -118 715   -61 914
    Change in Liabilities Related to Operating Activities 35 968   -24 650   -406
    Change in Biological Assets 112   0   0
    Total Cash Flows from Operating Activities 176 203   151 551   189 832
               
    Cash Flows from investing activities          
    Payments for Purchase of Associates 0   -7 728   -10 314
    Payments for Purchase of Subsidiaries -67 810*   -103 410   -103 414
    Dividends paid 20 862   0   0
    Repayments of Loans Granted 2 057   5 966   6 652
    Interest Received 4 019   2 301   2 691
    Payments for Acquisition of Investment Properties -10 566   -10 506   -18 304
    Payments for Acquisition of Property, Plant and other assets -17 042   -13 972   -18 143
    Proceeds from Sale of Investment Properties and Fixed Assets 707   78   -252
    Total cash Flows from investing activities -67 773   -127 271   -141 084
    Cash Flows from Financing Activities          
    Change in Overdraft -30 457   30 546   14 348
    Loans Received 106 303   148 955   287 606
    Repayments of Loans Received -114 706   -150 790   -312 846
    Repayments of Principal Portion of Lease Liabilities -8 674   -1 562   -2 233
    Interest Paid -24 968   -13 100   -22 224
    Dividends Paid -30 332   -7 875   -15 750
    Proceeds from Issuance of Shares 3 152   0   29 464
    Total Cash Flows from Financing Activities -99 682   6 174   -21 635
               
    Total cash flows 8 748   30 454   27 113
               
    Cash and Cash Equivalents at Beginning of Period 87 115   60 002   60 002
    Cash and Cash Equivalents at End of Period 95 863   90 456   87 115
    Change in Cash and Cash Equivalents 8 748   30 454   27 113

    Aktsiaselts Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Aktsiaselts Infortar owns a 68.47% stake in Aktsiaselts Tallink Grupp, a 100% stake in AS Eesti Gaas and a versatile and modern real estate portfolio of approx. 116,000 m2. In addition to the three main areas of activity, Aktsiaselts Infortar also operates in construction and mineral resources, agriculture, printing, taxi business and other areas. A total of 105 companies belong to the Aktsiaselts Infortar group: 96 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Aktsiaselts Infortar employs 6,108 people.

    Additional information:
    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    Attachments

    The MIL Network

  • MIL-OSI: Atos Sustainable Workplace research finds device lifespan can double while still delighting users

    Source: GlobeNewswire (MIL-OSI)

                                                                    Press Release

    Atos Sustainable Workplace research finds device lifespan can double while still delighting users

    Research unveils data-driven, condition-based device refresh approach, supported by remanufacturing, can achieve an 8-10 year lifespan versus a standard 3-5 year device lifespan on a fixed refresh cycle without compromising user experience

    Research also demonstrates employees’ engagement: 75% are happy to keep their device for longer if they understand the environmental benefits of doing so

    Paris, France – November 4, 2024 – Atos today releases its research on digital workplace sustainability, providing valuable insights to help organizations enhance their IT decision-making and corporate social responsibility (CSR) strategies. The report, “Increasing digital workplace sustainability: Data-driven strategy to accelerate progress together,” highlights high levels of waste endemic across the IT industry and also identifies a series of actions all can take to turn this around.

    Since 79% of a laptop’s carbon footprint is produced during manufacturing, with each new device creating roughly 338kg CO2eq of carbon before use, life cycle extension can have a huge impact. The report initially points out that device lifecycles can be extended without compromising user satisfaction. For instance, by doing nothing but adjusting the standard refresh cycle from three to four years, enterprises can gain a 25% reduction in related emissions without downgrading device performance or user experience. Further, data-driven, condition-based device refresh combined with remanufacturing can achieve an 8-10 year lifespan.

    Atos research reveals that 76% of large organizations’ laptops can be remanufactured. The remaining 24% of devices could be refurbished or recycled to contribute to the circular economy.

    Atos’ study showcases the key role employees could play in IT sustainability. 75% of employees indicated they would be willing to keep their devices longer if they were aware of the environmental benefits. Nonetheless, 16% of devices are left running continuously without being turned off, emphasizing the need for better employee awareness on energy-saving practices. Additionally, carbon intensity can fluctuate up to 2.3 times during the day, indicating that informing users about the best times to use the electrical grid and switching to battery power could improve energy efficiency.

    Data indicate that 57% of the ICT sector’s carbon emissions originate from devices and workplace environments. Atos, as a global leader in digital workplace, was able to analyze 28.5 million devices used by medium to large organizations, with the help of its partners Nexthink, Tier1 and Circular Computing, to offer crucial recommendations for boosting IT sustainability.

    Leon Gilbert, Senior Vice President Digital Workplace, Atos said: “We wanted to leverage the vast quantities of data available to Atos and our partners to challenge convention and pinpoint new opportunities for enterprises and their IT service providers. Some findings surprised even our experts. We can now see how the financial, environmental and social value of every device can be increased while still delighting users”.

    David Welling, IT Sustainability Governance Lead, National Grid said: “Within our own organization, we are looking at using the data from this study to drive strategic changes in behavior. Today, very few of us would consider using our laptops to impact the demand variability of the grid. Yet nobody would think twice about charging their electric vehicle overnight when demand is lower and energy is greener. If we can connect that kind of demand flexibility with ICT, we have a real opportunity to fundamentally change the greenhouse gas emissions of entire energy systems for entire countries”.

    In summary, Atos research highlights that implementing sustainable management, processes and practices in the workplace doesn’t have to be lengthy or costly. Conversely, organizations may experience swift benefits from the insights provided in the study. Additionally, Atos asserts that “what we can measure, we can change” – which underlines the importance of comprehensive and real-time data to progress toward environmental objectives.

    Atos teams provide end-to-end employee experience solutions through digital collaboration and productivity tools, as well as intelligent customer care services. Atos’ sustainable digital workplace suite includes more than 20 “Tech for Good” services and solutions, encompassing social value and accessibility criteria as well as data analytics and user interfaces. In March 2024, Gartner positioned Atos as a Leader in its 2024 Magic Quadrant for Outsourced Digital Workplace Services (ODWS) for the eighth consecutive year.

    ***

    About Tech Foundations

    Tech Foundations is the Atos Group business line leading in managed services, focusing on hybrid cloud infrastructure, employee experience and technology services, through decarbonized, automated and AI-enabled solutions. Its 41,000 employees advance what matters to the world’s businesses, institutions and communities. It is present in 69 countries, with an annual revenue of c. € 5 billion.

    About Atos

    Atos is a global leader in digital transformation with c. 82,000 employees and annual revenue of c. € 10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Press contact

    Isabelle Grangé | isabelle.grange@atos.net | +33 (0) 6 64 56 74 88

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  • MIL-OSI Economics: Asian Development Blog: Empowering Women with Disabilities: Key Actions for Inclusive Sports in the Pacific

    Source: Asia Development Bank

    Inclusive sports can empower women with disabilities, and foster accessibility, social integration, and gender equality in the Pacific. Recent Paralympic milestones and policy examples illustrate the ongoing need for supportive infrastructures and greater representation to create equitable opportunities in sports.

    The importance of sport for women with disabilities cannot be overstated. It provides a platform for empowerment, fostering physical and mental well-being, and breaking societal barriers related to gender and disability. Participation in sports helps build confidence, resilience, and a sense of community.

    The Paralympic Games have been instrumental in setting standards for inclusion, showcasing the incredible talents and achievements of athletes with disabilities on a global stage. By promoting gender equality and providing equal opportunities, the Paralympics inspire change and highlight the importance of accessibility and inclusivity in sports.

    This year’s Paralympic Games in Paris marked a historic milestone with a record 1,983 women, or 45% of participants, across 549 medal events in 22 sports, making it the most gender-inclusive Paralympics ever. It was also a historic moment for the Pacific region, as it sent its largest contingent of athletes to the Paralympic Games.

    Thirteen athletes, comprising seven women and six men, represented six countries to compete in para-athletics and para-taekwondo: Fiji, Kiribati, Papua New Guinea, Solomon Islands, Tonga, and Vanuatu. According to the Oceania Paralympic Committee, the Pacific athletes “not only represent their nations but also the aspirations of the entire Pacific region.”

    Among the remarkable athletes was Tongan discus thrower Meleane Vasitai Leaaepeni Falemaka, known as Vasi, who competed in the Paralympic Games for the first time. She is making her mark on the global stage as Tonga’s sole representative in the Paralympic Games where she competed in the women’s F37 discus throw event. Prior to the Paralympics, Vasi achieved her personal best throw at the World Para Athletics Grand Prix April 2024 held in Marrakech, Morocco.

    Women with disabilities outnumber men with disabilities in most Pacific countries, largely due to longer life expectancy and the increased likelihood of acquiring disabilities in old age. Persons with disabilities are overrepresented among the poorest of the poor across the region and face economic and social exclusion, violence, and accessibility challenges.

    Despite this, women with disabilities often do not get to make decisions that affect them. Evidence from 19 countries shows that only 2.3% of women with disabilities held a position as a legislator, senior official, or manager.  Only four out of 18 countries in the region had a “woman with disability” in parliament.

    Sports provide a powerful platform for empowering women with disabilities, fostering inclusion, and challenging societal barriers.

    The following actions are needed to increase the inclusion of women with disabilities in sports:

    Enhance policy and financing for gender and disability inclusive sport. Governments must enact robust legislation to eliminate accessibility barriers in multiple areas such as transport, housing, services, education, and sport. For example, Brazil passed the “Inclusion of People with Disabilities Act” before the Rio 2016 Paralympics that aimed to enhance the lives of the nearly 50 million people with impairments in Brazil. This Act increased the amount allocated to para-sports from the gross revenues of the federal lotteries, from around $26 million to $49 million per year.

    Promote accessibility and inclusivity of sport. The Paralympics have made strides in accommodating athletes with disabilities through modified rules and regular reassessments by classifiers. Classification varies across sports, for example, swimming has up to 10 eligible impairment types, and classifications depend on how much an impairment affects performance.

    In wheelchair basketball, players are rated from 1.0 to 4.5 based on their disability level with a maximum point total allowed per team to ensure competitive balance. This approach enhances fairness and integrity in competitions, creating a more equitable environment for all Paralympic athletes.

    Include women with disabilities in stakeholder consultations. This can be done through partnerships with local organizations and women’s groups where women with disabilities take on leadership and decision-making roles. Mapping stakeholders supporting people with disabilities is crucial in creating awareness among all stakeholders and policymakers in sport on the needs of women athletes with disabilities.

    Ensuring that sports facilities are accessible and safe for women with disabilities. Sports facilities must be designed within the lens of gender and disability. This not only promotes physical health but also enhances social integration and economic opportunities for people with disabilities.

    Governments and development partners’ financial commitments to accessibility improvements are essential. For instance, prior to the 2008 Paralympic Games in Beijing, the People’s Republic of China invested over $150 million to make 14,000 facilities accessible across the country. Similarly, for the Rio 2016 Games, nearly $1 million was allocated to enhance access to major tourist attractions and sports arenas.

    Promoting media representation to change perceptions. Media coverage can significantly change societal perceptions. For example, UK’s Channel 4 won various awards for its coverage of the London 2012 Paralympics, which included presenters with disabilities.

    The channel spent $1.2 million searching for, recruiting, training and developing the skills of media professionals to ensure that half of the on-screen talent during the Games consisted of persons with disabilities. The channel’s “Meet the Superhumans” commercial combined powerful imagery of athletes with their extraordinary stories creating a compelling narrative that resonated widely and likely changed attitudes towards Paralympic sports.

    Encouraging women with disabilities to take up sports. Sport enables women with disabilities to develop social skills and independence. Families and carers can help foster the love for sport by initiating play and developing interest, which can also serve as a shared activity. Sport can also be a transformative tool for women to demonstrate their abilities, which can help reduce the longstanding negative perceptions and gender stereotypes associated with women with disabilities.

    By addressing these issues, we can create an environment where athletes like Vasi can thrive, inspiring future generations and contributing to a more inclusive and equitable society in the Pacific.

    MIL OSI Economics

  • MIL-OSI Economics: Secretary-General of ASEAN takes part in Electric Vehicle (EV) Delivery Ceremony and Roundtable on the Development of EV Ecosystem in ASEAN

    Source: ASEAN

    As part of the activities to commemorate the 35th Anniversary of ASEAN-ROK Dialogue Relations this year, Secretary-General of ASEAN, Dr. Kao Kim Hourn, today visited the Hyundai Motor Manufacturing Indonesia, in Bekasi Regency, West Java, where he participated in the EV delivery ceremony. Hyundai EV was handed over by the Mission of the Republic of Korea (ROK) to ASEAN to the ASEAN Secretariat as part of the EV project funded by the ASEAN-ROK Cooperation Fund (AKCF). Following the handover ceremony, Dr. Kao also participated in the Roundtable on the Development of EV Ecosystem in ASEAN. The event, which highlighted the trends in the EV industries of ASEAN Member States and the ROK was organised by the Mission of ROK to ASEAN and participated by Ambassador of ROK to ASEAN Lee Jang-keun, members of the Committee of Permanent of Representatives to ASEAN, staff of the ASEAN Secretariat and that of the ROK Mission, EV experts, along with other invited guests.

    The post Secretary-General of ASEAN takes part in Electric Vehicle (EV) Delivery Ceremony and Roundtable on the Development of EV Ecosystem in ASEAN appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Banking: Secretary-General of ASEAN takes part in Electric Vehicle (EV) Delivery Ceremony and Roundtable on the Development of EV Ecosystem in ASEAN

    Source: ASEAN

    As part of the activities to commemorate the 35th Anniversary of ASEAN-ROK Dialogue Relations this year, Secretary-General of ASEAN, Dr. Kao Kim Hourn, today visited the Hyundai Motor Manufacturing Indonesia, in Bekasi Regency, West Java, where he participated in the EV delivery ceremony. Hyundai EV was handed over by the Mission of the Republic of Korea (ROK) to ASEAN to the ASEAN Secretariat as part of the EV project funded by the ASEAN-ROK Cooperation Fund (AKCF). Following the handover ceremony, Dr. Kao also participated in the Roundtable on the Development of EV Ecosystem in ASEAN. The event, which highlighted the trends in the EV industries of ASEAN Member States and the ROK was organised by the Mission of ROK to ASEAN and participated by Ambassador of ROK to ASEAN Lee Jang-keun, members of the Committee of Permanent of Representatives to ASEAN, staff of the ASEAN Secretariat and that of the ROK Mission, EV experts, along with other invited guests.

    The post Secretary-General of ASEAN takes part in Electric Vehicle (EV) Delivery Ceremony and Roundtable on the Development of EV Ecosystem in ASEAN appeared first on ASEAN Main Portal.

    MIL OSI Global Banks

  • MIL-OSI Russia: Festive week: National Unity Day at the State University of Management

    Translation. Region: Russian Federation –

    Source: State University of Management – Official website of the State –

    The beginning of November in our country has been celebrated in an atmosphere of national unity for many centuries. The famous events of 1612 in Tsarist Russia were remembered on the day of the Kazan Icon of the Mother of God, in the USSR the anniversary of the Great October Revolution was celebrated during these days, and since 2004 the new Russia has returned to celebrating the end of the Time of Troubles and the restoration of firm state power.

    Today this holiday is extremely relevant. The state and the people are uniting again in the face of external threats, moving together to achieve technological sovereignty and leadership, defending their own traditional values and showing other countries an example of a fair social order.

    The State University of Management congratulates all Russians on National Unity Day and wishes to live in harmony and mutual understanding, support each other regardless of nationality and religion, remember not only the glorious pages of our country’s history, but also the dark times that strengthened us and brought us to a new stage of development.

    This year, the State University of Management celebrates National Unity Day the entire work week after the holiday. As part of the Friendship Without Borders project, we will host the following events: — November 5 — Interethnic Sports Games in the Sports Complex (starts at 10:30); — November 6 — the Improvisation show in the atrium of the Information Technology Center (starts at 14:00); — November 7 — a discussion called Our Values in the Information Technology Center (room 211, starts at 15:00); — November 8 — Interuniversity Interethnic Game Guess the Melody in the atrium of the Information Technology Center (starts at 14:00).

    Students from Moscow universities are invited to participate in the events. Up-to-date information on registration for the events is posted on the project’s Telegram channel: https://t.me/drujbaguu.

    Subscribe to the TG channel “Our GUU” Date of publication: 11/4/2024

    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: The road ahead – Terranet’s product development plan for BlincVision 2025

    Source: GlobeNewswire (MIL-OSI)

    Terranet presents its updated product development plan for BlincVision, an advanced driver assistance system, with clear goals set for 2025. Customer projects have been initiated, and the goal for the first half of the year is to develop an MVP (Minimum Viable Product) to pave the way for volume agreements and meet market demand.

    BlincVision sets a new standard for anti-collision solutions by combining patented event camera technology with AI-trained software. The system uses minimal data processing, making the technology faster than any other solution on the market. It enables real-time decision-making and raises the bar for safety in the automotive industry.

    BlincVision’s functionality has been demonstrated through a prototype, which has been crucial in bringing the product closer to potential customers, such as automakers or their major suppliers. The next step is to work together with these stakeholders to adapt and integrate the product into the vehicle’s existing safety systems, enhancing safety and improving the driving experience.

    Terranet is following its product development plan and communicates the progress frequently. After many years of research and development, a prototype of BlincVision was showcased at the beginning of 2024, first in a lab environment and later outdoors on a moving vehicle. In the fall of 2024, the system was also tested on an accredited test track, where BlincVision performed a full autonomous braking.

    BlincVision is an anti-collision solution designed to improve or replace other safety systems in a more cost-effective way, increasing safety and saving more lives. With stricter safety requirements in the automotive industry, systems like BlincVision will be crucial for both driver-operated and autonomous vehicles in the future.

    Terranet is now in a product development phase where all employees are focused on optimizing the prototype with valuable feedback from vehicle manufacturers and major suppliers. This work will lead to an MVP (a first version of the product that can be tested on the market), a product that can be widely offered to vehicle manufacturers and suppliers. Once the MVP is fully integrated into a vehicle, work towards volume production can begin.

    Key milestones in BlincVision’s product development for 2025 are as follows:

    • Q1:
      Proof of Concept results with a partner via MobilityXlab and initiate the next customer project.
    • Q2:
      Further development of the existing prototype into an MVP (Minimum Viable Product)
    • Q3-4:
      Verification of the MVP in customer vehicle and adjustments based on market demands.
      A partnership agreement is signed, initiating dialogue on volume production.

    ”We are in an incredibly exciting phase in Terranet’s history as we now integrate BlincVision into vehicles from car manufacturers and their suppliers to strengthen safety systems. Autonomous vehicles represent a significant market and are a crucial part of the vision of zero traffic deaths,” says Magnus Andersson, CEO of Terranet, on behalf of Terranet Management.
      
    For more information, please contact:        
    Magnus Andersson, VD
    E-mail: magnus.andersson@terranet.se

    About Terranet AB (publ)
    Terranet’s goal is to save lives in urban traffic. The company develops innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Terranet’s anti-collision system BlincVision laser scans and detects road objects up to ten times faster than any other ADAS technology available today.

    The company is headquartered in Lund, with offices in Gothenburg and Stuttgart. Since 2017, Terranet has been listed on Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B). Follow our journey at: www.terranet.se

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