Category: KB

  • MIL-OSI Russia: Financial news: 10.10.2024, 10-31 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A105666 (Sber Sb40R) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10.10.2024 10:31

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 10.10.2024, 10-31 (Moscow time), the values of the upper limit of the price corridor (up to 105.7) and the range of market risk assessment (up to 1132.96 rubles, equivalent to a rate of 9.38%) of the security RU000A105666 (Sber Sb40R) were changed

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73882

    MIL OSI Russia News

  • MIL-OSI: Ormat Technologies Inc. Secures Land Parcels in Nevada’s BLM Auction to Advance Future Geothermal Development

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., Oct. 10, 2024 (GLOBE NEWSWIRE) — Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced it has successfully secured multiple land parcels in Nevada’s Annual Bureau of Land Management (BLM) Auction. These lease acquisitions will significantly support Ormat’s ongoing exploration and expansion efforts in the state, further strengthening the company’s commitment to advancing renewable energy solutions and meeting Nevada’s increasing demand for sustainable energy.

    The newly leased parcels hold substantial potential for geothermal energy production including a new greenfield prospect, an expansion opportunity for an existing operational asset, and several additional parcels that will enhance Ormat’s land position on an existing greenfield prospect.

    “We believe the parcels we successfully won have a high success rate that will support our growth in the U.S.,” said Doron Blachar, CEO of Ormat Technologies Inc. “Our team is dedicated to exploring and developing these resources to their fullest potential, providing reliable and eco-friendly energy to the people of Nevada.”

    By leveraging nearly 60 years of advanced technologies and industry expertise, Ormat is an industry leader in geothermal energy production and environmental stewardship.

    ABOUT ORMAT TECHNOLOGIES

    With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400 MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1,420MW with a 1,230MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 190MW energy storage portfolio that is located in the U.S.

    ORMAT’S SAFE HARBOR STATEMENT

    Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such matters as our projections of annual revenues, expenses and debt service coverage with respect to our debt securities, future capital expenditures, business strategy, competitive strengths, goals, development or operation of generation assets, market and industry developments and the growth of our business and operations, are forward-looking statements. When used in this press release, the words “may”, “will”, “could”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, or “contemplate” or the negative of these terms or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such words or expressions. These forward-looking statements generally relate to Ormat’s plans, objectives and expectations for future operations and are based upon its management’s current estimates and projections of future results or trends. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives.  Actual future results may differ materially from those projected as a result of certain risks and uncertainties and other risks described under “Risk Factors” as described in Ormat’s annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 23, 2024, and in Ormat’s subsequent quarterly reports on Form 10-Q that are filed from time to time with the SEC.

    These forward-looking statements are made only as of the date hereof, and, except as legally required, we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Ormat Technologies Contact:
    Smadar Lavi
    VP Head of IR and ESG Planning & Reporting
    775-356-9029 (ext. 65726)
    slavi@ormat.com
    Investor Relations Agency Contact:
    Alec Steinberg or Joseph Caminiti
    Alpha IR Group
    312-445-2870
    ORA@alpha-ir.com

    The MIL Network

  • MIL-OSI Russia: Financial news: 10.10.2024, 12-08 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JW6P7 (VEB PBO1R1) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10.10.2024 12:08

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 10.10.2024, 12-08 (Moscow time), the values of the upper limit of the price corridor (up to 102.35) and the range of market risk assessment (up to 1140.26 rubles, equivalent to a rate of 9.38%) of the security RU000A0JW6P7 (VEB PBO1R1) were changed

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73886

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 10.10.2024, 10-44 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JVYG8 (ROSEXIMB1) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10.10.2024 10:44

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 10.10.2024, 10-44 (Moscow time), the values of the upper limit of the price corridor (up to 101.83) and the range of market risk assessment (up to 1126.21 rubles, equivalent to a rate of 10.0%) of the security RU000A0JVYG8 (ROSEXIMB1) were changed

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73884

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: Three Federal Treasury deposit auctions will take place on 11.10.2024

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    Application selection parameters
    Date of the selection of applications 10/11/2024
    Unique identifier of the application selection 22024518
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 670,000
    Placement period, in days 4
    Date of deposit 10/11/2024
    Refund date 10/15/2024
    Interest rate for placement of funds (fixed or floating) FIXED
    Minimum fixed interest rate for placement of funds, % per annum 18.14
    Basic floating interest rate for placement of funds
    Minimum spread, % per annum
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 09:30 to 09:40
    Pre-applications: from 09:30 to 09:35
    Applications in competition mode: from 09:35 to 09:40
    Formation of a consolidated register of applications: from 09:40 to 09:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 09:40 to 10:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 10:00 to 11:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 10:00 to 11:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n
    Application selection parameters
    Date of the selection of applications 10/11/2024
    Unique identifier of the application selection 22024519
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 30,000
    Placement period, in days 91
    Date of deposit 10/14/2024
    Refund date 01/13/2025
    Interest rate for placement of funds (fixed or floating) FLOATING
    Minimum fixed interest rate for placement of funds, % per annum
    Basic floating interest rate for placement of funds RUONmDS
    Minimum spread, % per annum 0.00
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 15:30 to 15:40
    Preliminary applications: from 15:30 to 15:35
    Applications in competition mode: from 15:35 to 15:40
    Formation of a consolidated register of applications: from 15:40 to 15:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 15:40 to 16:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 16:00 to 17:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 16:00 to 17:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    RUONmDS = RUONIA – DS, where

    RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a publication of the RUONIA rate value on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.

    DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.

    Application selection parameters
    Date of the selection of applications 10/11/2024
    Unique identifier of the application selection 32024021
    Deposit currency rubles
    Type of funds funds of the Social Fund of Russia (ROPS)
    Maximum amount of funds placed in bank deposits, million monetary units 3 300
    Placement period, in days 66
    Date of deposit 10/11/2024
    Refund date 12/16/2024
    Interest rate for placement of funds (fixed or floating) FLOATING
    Minimum fixed interest rate for placement of funds, % per annum
    Basic floating interest rate for placement of funds RUONmDS
    Minimum spread, % per annum 0.00
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Special
    Minimum amount of funds placed for one application, million monetary units 1
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 12:30 to 12:40
    Pre-applications: from 12:30 to 12:35
    Applications in competition mode: from 12:35 to 12:40
    Formation of a consolidated register of applications: from 12:40 to 12:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 12:40 to 13:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 13:00 to 14:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 13:00 to 14:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    RUONmDS = RUONIA – DS, where

    RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a publication of the RUONIA rate value on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.

    DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.

    Contact information for media 7 (495) 363-3232PR@moex.com

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73897

    MIL OSI Russia News

  • MIL-OSI Russia: Financial News: The autumn cycle of webinars “Fintrek” for students and teachers will begin on October 23

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    In the new season, participants will have 5 webinars with representatives of the Bank of Russia and financial market experts. “Fintrek” is a unique opportunity to learn first-hand why inflation occurs, what generative artificial intelligence is, who are drops and what should a person do who is involved in droppering. They will also tell you where to start your career path and how to achieve success. The topics were selected taking into account the feedback from participants of the last season of “Fintrek”.

    Alexander Auzan, Dean of the Faculty of Economics at Lomonosov Moscow State University, speaker of the 2023 Fintrek fall season, notes: “The financial market is a puzzle of a thousand pieces that can only be assembled by understanding how these pieces are interconnected. The Fintrek webinar series will help students discover these connections with the help of experts who see every detail from the inside, find common ground between them, and assemble them into a single picture.”

    Classes will be held on Wednesdays at 10:00 Moscow time. It is no longer necessary to adjust your plans to the webinar schedule – the recordings will be posted on the Fintrek platform, and you can watch them at any convenient time. You only need to register onproject website.

    Every week, registered participants will be given away a prize of branded merch.

    Upon completion of the classes, students will be able to receive a personal certificate, which will be useful for a personal portfolio. To do this, you need to pass the entrance test until October 23 inclusive, watch all the webinars and successfully pass the final test.

    The autumn season will last until November 20. All information will be posted in the project community VKontakteAndtelegram channelHere you can also send a question to the speakers and receive an answer.

    Students from 1,500 universities from 89 regions of Russia took part in the last season of Fintrek, which took place in the spring of 2024. The most popular topics were “Investment Trends 2024”, “Loans and Installments”.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.kbr.ru/press/event/?id=21072

    MIL OSI Russia News

  • MIL-OSI Security: Defense News: Secretary of the Navy Del Toro Champions Small Business Partnerships at San Francisco Fleet Week

    Source: United States Navy

    SAN FRANCISCO, CA – October 10, 2024 – Secretary of the Navy Carlos Del Toro addressed a gathering of small business leaders during San Francisco Fleet Week, emphasizing the vital role they play in supporting the U.S. Navy and Marine Corps today.

    The event, titled “Breaking Barriers: A Department of the Navy & SBA Partnership for Small Business Success,” was held at the San Francisco SBA Business Office and brought together representatives from the San Francisco Chamber of Commerce, regional APEX Accelerators, the National Defense Industrial Association, and other key stakeholders.

    Secretary Del Toro highlighted the Department of the Navy’s commitment to small business partnerships, noting that contracts worth $526 million have been awarded to small businesses located within 50 miles of San Francisco. He cited examples of successful collaborations, such as a $2.89 million contract with Atomic, a Pleasanton-based small business, for the development of advanced tactical atomic clocks, and a $451,000 contract with Arize AI, a Berkeley-based small business, for AI machine learning technology to enhance underwater threat detection.

    “From my vantage point as Secretary of the Navy, a healthy, diverse industrial base made up of companies of all sizes—founded by American entrepreneurs from all walks of life—is absolutely crucial to the success of our Navy and our Marine Corps,” said Secretary Del Toro.

    The Secretary underscored the importance of small businesses in providing critical capabilities and services to support Sailors, Marines, and civilians stationed around the globe. He emphasized the need for innovation and technological advancements in areas such as artificial intelligence, machine learning, cybersecurity, and unmanned systems to maintain the Navy’s maritime dominance.

    “We—along with our international partners and allies—are facing challenges across the globe,” said the Secretary. “Addressing these threats requires a whole-of-nation commitment to ensuring we have a strong Navy and Marine Corps that can defend our interests on a global scale.”

    The Secretary’s remarks were followed by a small business roundtable discussion, where he engaged with entrepreneurs and industry leaders to discuss opportunities for collaboration and address the unique needs of small businesses in the defense sector. He encouraged businesses to connect with the Department of the Navy’s Office of Small Business Programs (OSBP) for guidance and support in navigating the federal procurement process.

    In the evening, Secretary Del Toro attended the “Honor Our Fallen” concert at the Herbst Theater in the San Francisco War Memorial Building. The concert, hosted by The Center for Humanitarian Assistance, featured a performance by the U.S. Marine Corps 1st Marine Division Band and honored the fallen service men and women of the Afghanistan and Iraq conflicts. A private reception followed to thank attending Gold Star families.

    About the U.S. Department of the Navy Office of Small Business Programs:

    The U.S. Department of the Navy Office of Small Business Programs maximizes opportunities for small businesses in Navy contracts, ensuring they are integrated into the Navy’s acquisition process.

    (https://www.secnav.navy.mil/smallbusiness)

    MIL Security OSI

  • MIL-OSI Russia: Financial news: Bank of Russia lifts PSC limit on mortgages until March 31, 2025 (10.10.2024)

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    The Board of Directors of the Bank of Russia adopted solution from October 10, 2024 to March 31, 2025, there will be no restrictions for credit institutions total cost of credit (TCC) for mortgage consumer loans for the purchase (construction) of housing or land.

    This decision will allow banks to reflect in mortgage rates the latest changes in the situation in the main segments of the financial market, including those that have developed under the influence of decisions on the key rate, without the risk of violating the requirements of the law on the maximum level of the APR. Thus, the possibility of obtaining mortgage loans by borrowers will remain – albeit at higher rates, but without an additional increase in the cost of housing.

    The risks of increasing the debt burden of mortgage borrowers will be limited by the macroprudential surcharges already in effect.

    To enable mortgage lenders to better adapt to changing market conditions, the Bank of Russia is considering the possibility of permanently lifting the limit on the APR in mortgages.

    For other products of credit institutions and all loans of microfinance institutions, credit consumer cooperatives (including agricultural ones) and pawnshops, the limitation of the APR remains.

    When using the material, a link to the Press Service of the Bank of Russia is required.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.kbr.ru/press/PR/?file=63864183471356979shBANK_SECTOR.htm

    MIL OSI Russia News

  • MIL-OSI United Kingdom: Press release: Tidalwave of clean energy investment worth billions unlocked ahead of Investment Summit

    Source: United Kingdom – Prime Minister’s Office 10 Downing Street

    Thousands of jobs in green industries announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.

    • Thousands of jobs in energy sector to be created across the UK up to £24 billion worth of investment secured ahead of International Investment Summit.
    • Boost for clean energy industries demonstrates vote of confidence in UK and government’s growth mission.
    • Comes as Prime Minister puts investment and growth at heart of first Council of Nations and Regions meeting in Scotland today.

    Thousands of jobs in green industries announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.        

    The investments confirmed by private investors today will deliver growth in the clean energy sector across our nations and regions, from Yorkshire to Suffolk and Aberdeen to Stow, representing a huge vote of confidence in the UK and long-term growth.       

    Driven by the government’s clear path to growth creating the conditions for businesses to thrive, the billions worth of investments from leading companies include Iberdrola – one of the biggest energy companies in Europe – doubling their investment in the UK, Orsted unlocking £8bn and GreenVolt £2.5bn of investment in offshore wind farms, and SeAh Wind UK announcing a £225 million expansion of their investment in the North East to build a state-of-the-art wind technology manufacturing facility in Teesside, solidifying the UK’s position as a world leader in the wind power industry.   

    In only 100 days, the government has overturned the nine-year onshore wind ban in 72 hours, consented more solar than ever before, secured the most successful renewable auction round in history, and launched Great British Energy.     

    Prime Minister Keir Starmer said:    

    Today’s investments are a huge vote of confidence in this government and our relentless focus to drive growth across the UK.

    Whether you’re in Scotland, Wales, Northern Ireland or England – we are creating the conditions for businesses to thrive, and our International Investment Summit will be a springboard for every part of the UK to be an engine of innovation and investment.

    Today I’m convening the first ever Council of Nations and Regions, because it is when we work together in the spirit of genuine partnership, that we can deliver the real change people want to see and improve opportunities for all.  

    Iberdrola Executive Chairman Ignacio Galán said:    

    After having invested more than £30bn in the last 15 years, the clear policy direction, stable regulatory frameworks and overall attractiveness of the UK are leading us to double our investments for 2024-28, reaching up to £24bn.

    This is a vote of confidence in the UK’s clear and stable policies and is a major boost to the economy and the path towards green energy security and Net Zero. The benefits of electrification in terms of energy security, industrial development, jobs and decarbonisation are shared ambitions of the UK and Iberdrola.

    The investments demonstrate further progress on the government’s clean energy mission and a major boost to the UK economy three days before the first International Investment Summit on 14 October, which will gather UK leaders, high-profile investors and businesses from across the world to deepen our partnership to drive investment and growth.    

    It also comes as the Prime Minister today convenes the first Council of the Nations and Regions, delivering on a manifesto promise to rewire the way UK Government operates. Focussed on investment and growth, the Council will see First Ministers and Deputy First Minister from the Devolved Governments come together with regional mayors to collaborate and seize opportunities to secure long-term investment and boost growth. The agenda, agreed with attendees, includes discussion on how to boost growth and inward investment across the UK, including through an industrial strategy and the Investment Summit.    

    The Prime Minister will also hold bilateral meetings and a joint meeting with the Devolved Government First Ministers and Deputy First Minister focussed on supporting intergovernmental relations as we continue to reset our relationship and work together to deliver for people across the UK.     

    Today’s investments include:    

    • Iberdrola doubling their investment in the UK, through Scottish Power, from £12bn to £24bn over the next 4 years, which includes £4bn for the East Anglia 2 wind farm off the Suffolk coast which was unlocked by this Government’s expanded allocation at the most recent wind auction round. Iberdrola Executive Chairman Ignacio Galan has also today confirmed that the UK has become their largest Investment destination.
    • Orsted and Greenvolt confirming that the Government’s recent expanded offshore wind auction means their projects will unlock £8bn (Orsted) and £2.5bn (Greenvolt) of investment respectively in their planned offshore wind farms. Orsted says its commitment will see thousands of jobs for local people, while Greenvolt says it will create up to 2800 construction jobs.
    • SeAH Wind has made an additional £225 million investment into wind technology manufacturing in Teesside, thanks to new backing from UK Export Finance, which expects to create 750 direct jobs by 2027. This brings their total investment into the site at Teesworks up to £900 million and will help them make their ongoing factory build – one of the biggest facilities of its kind worldwide – even bigger.
    • Macquarie supporting investment of £1.3bn into new green infrastructure including its Island Green Power solar farm in Stow, as a result of planning consents having been granted by the Government, and its Roadchef portfolio company installing electric car ultra-fast charging points across its sites along the UK motorway network.
    • BW Group proceeding with a £300m investment into a new battery energy storage project in Birmingham.
    • Holtec, a major US advanced nuclear engineering company, has confirmed a significant investment of £325 million in a new factory in South Yorkshire which will supply materials for Hinkley Point C and likely Sizewell C power stations. They say this will create up to 490 direct and 280 indirect jobs annually during the construction phase and 1,200 direct engineering jobs created over 20 years.     

    Mads Nipper, CEO of Ørsted A/S said:    

    The reason we are investing in the UK is that alongside the targets for clean energy, we also see the commitment to creating the policy frameworks required to deliver those targets and a government who wants to work with businesses to enable the investments required.

    Lord Nicol Stephen, Chief Executive of Flotation Energy said:  

    Green Volt is a trailblazing, multibillion pound floating offshore wind project which will kickstart jobs and investment by companies right across the UK offshore supply chain. The choice of our HQ in Aberdeen is clear evidence of our strong commitment to support local jobs and businesses wherever possible.

    Chris Sohn, Chief Executive of SeAH Wind, said:    

    With the proactive support of UKEF, our project is progressing smoothly. As we approach the completion of the factory construction, we are committed to ensuring its successful finalization. We aim to become the first monopile manufacturing company in the UK and make a significant contribution to the UK economy.

    Andreas Sohmen-Pao, Chairman of BW Group, said:     

    BW Group is delighted to announce that its subsidiary BW ESS intends to shortly begin construction on two large battery projects in the Midlands – Hams Hall and Berkswell – with a combined capacity of 600 MW. These projects represent a major step forward in enhancing the UK’s energy infrastructure and supporting the transition to renewables.

    I am encouraged by the UK government’s commitment to the clean energy transition and our announcement today highlights BW Group’s commitment to strengthening our presence in the UK and contributing to the growth of the clean energy sector.

    Shemara Wikramanayake, Chief Executive Officer of Macquarie Group, said:   

    We believe that infrastructure investment helps create strong foundations for economic growth, job creation, better services for the public and stronger communities. We are fully invested in the UK’s success and look forward to playing our part in delivering the investment the country needs.

    Dr Rick Springman, Holtec’s President of Global Clean Energy Opportunities, said:   

    Holtec has been part of the UK’s nuclear fabric for over 30 years. We recognise the UK’s long-term commitment to nuclear energy to drive forward government missions on clean energy and economic growth.

    Our planned advanced manufacturing factory in South Yorkshire will bring thousands of skilled, highly-paid engineering jobs to the region while supporting tens of thousands more in the UK’s wider manufacturing supply chains.

    The potential size of the prize of this investment is significant. Depending on future SMR order books it could open up a £30bn export market over ten years adding billions of pounds to the UK economy. Over the coming months Holtec will be finalising its full factory plans and designs based on its UK and international order book.

    This follows the announcement earlier this week that up to 500 UK manufacturing jobs are set to be supported as bus operator Go Ahead confirms a major £500 million investment to decarbonise its fleet including. This includes creating a new dedicated manufacturing line and partnership with Northern Ireland-based UK bus manufacturer Wrightbus.    

    Yesterday, the Department for Energy Security & Net Zero gave the green light for a new scheme to help unlock billions in investment in energy storage infrastructure. This could see the first significant long duration energy storage facilities in nearly 4 decades, helping to create back up renewable power and bolster the UK’s energy security.    

    And it also builds on the Government confirming funding to launch the UK’s first carbon capture sites in Teesside and Merseyside. Two new carbon capture and CCUS enabled hydrogen projects will create 4,000 new jobs, in a boost for the economy and British industry, helping remove over 8.5 million tonnes of carbon emissions each year – the equivalent of taking around 4 million cars off the road.

    Updates to this page

    Published 10 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Security: Defense News: Readout of Chief of Naval Operations Adm. Lisa Franchetti’s Meeting with Chief of the Royal Danish Navy Rear Adm. Henrik Ryberg

    Source: United States Navy

    VENICE, Italy – Chief of Naval Operations Adm. Lisa Franchetti met Admiral Danish Fleet Rear Adm. Henrik Ryberg for a formal bilateral engagement during the 14th Trans-Regional Seapower Symposium in Venice, Italy, today.

    During the meeting the leaders expressed their shared commitment to maritime security in the High North, Baltic Sea, Red Sea, and Atlantic region. They discussed future opportunities to strengthen their naval partnership and increase interoperability with an emphasis on anti-submarine warfare.

    Franchetti thanked Ryberg for the Royal Danish Navy’s support to recent U.S. Navy submarine and destroyer visits to ports within the Kingdom of Denmark, as well as Royal Danish Navy participation in multilateral exercises, including Steadfast Defender.   

    The CNO also discussed her recently-released strategic guidance: the Navigation Plan for America’s Warfighting Navy, specifically stressing capability development for long-term advantage and the integrated warfighting ecosystem. The leaders noted the importance exchange opportunities to train together in the future.

    The U.S. and Denmark are founding members of NATO, and the alliance between the two nations is critical to the security and stability in Europe and across the globe.

    MIL Security OSI

  • MIL-OSI Security: Defense News: CNO Strengthens Partnerships at 14th Trans-Regional Seapower Symposium

    Source: United States Navy

    VENICE, Italy – Chief of Naval Operations, Adm. Lisa Franchetti, attended the 14th Trans-Regional Seapower Symposium (TRSS) in Venice, Italy, Oct. 8-10, 2024.

    This year’s TRSS brought together Heads of Navy and Coast Guard from 67 countries with experts and professionals from around the world to discuss critical maritime issues and foster collaboration. The symposium, themed “A Spotlight on the Depths: the Underwater as a New Frontier for Humankind,” aimed to address the growing importance of the underwater through panel discussions, presentations, and interactive sessions that allowed participants to explore innovative approaches and strategies for maritime cooperation.

    “It is great to be here among friends who are united by our shared values, our shared commitment, and our shared stake in the continued stability, security, and prosperity of the entire global maritime commons, especially in the undersea domain,” said Franchetti.  “We’ve all scanned the horizon and see the forces that are threatening to make the world more unstable and more dangerous. And we’ve witnessed the vulnerabilities of our critical undersea infrastructure, like gas pipelines, fiber optic cables, which are so critical to our economies, our shared security, our prosperity, and our peoples’ way of everyday life.”

    During the symposium, Franchetti participated in a panel titled “Safeguarding the Underwater: New Solutions and Technologies for new Challenges,” where she discussed how U.S. Navy is leveraging modern technology, like robotic autonomous systems, underwater command and control networks, and sensing and detection systems; is integrating these systems into the fleet and adopting the new technology, getting the innovation into the hands of Sailors as quickly as possible; and building relationships and having conversations with Allies and partners.

    “Integrating robotic and autonomous systems into the daily business of our operations is a critical part of my recently released Navigation Plan for America’s War Fighting Navy,” said Franchetti.  “It’s one of my seven Project 33 targets, areas where I will invest my personal time and my resources, where I’m going to put my thumb on the scale to raise the baseline level of readiness of the American Navy in the fastest time possible.”

    She went on to say, “we are continuing to closely collaborate with you, all of our allies and partners, and your respective innovation bases to advance our capabilities in the undersea domain.  And I see us doing this together as part of a broader warfighting ecosystem.  It’s another component in my Navigation Plan, which is fundamental to my vision of how we will deter and, if necessary, fight and win future wars.”

    While at the symposium Franchetti also held bilateral engagement with her counterparts from Denmark, Germany, Greece, Italy, Nigeria, Portugal, Romania, Spain, and Sweden; and conducted over 40 meaningful discussions with TRSS Head of Navy participants about the importance of increasing interoperability with Allies and partners.

    Franchetti also conducted her second trilateral meeting with her Australian and United Kingdom counterparts as part of the AUKUS partnership. Their first meeting occurred earlier this summer at HMAS Stirling in Perth, Australia.

    “In three years of  the AUKUS agreement we have made significant progress in integrating the exceptional undersea capabilities of Australia, the United Kingdom and the United States,” said Franchetti. “Our navies will continue to build on our relationships, strengths, and interchangeability to provide security and stability, and maintain the rules-based international order in the Indo-Pacific and around the globe.

    The CNO wrapped up her time at TRSS with a multilateral meeting with Heads of Navy from the Group of Seven (G7: U.S., Canada, France, Germany, Italy, Japan and the United Kingdom) and a meeting with the chiefs of carrier strike group navies.

    MIL Security OSI

  • MIL-OSI United Kingdom: Tidalwave of clean energy investment worth billions unlocked ahead of Investment Summit

    Source: United Kingdom – Executive Government & Departments

    Thousands of jobs in green industries announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.

    • Thousands of jobs in energy sector to be created across the UK up to £24 billion worth of investment secured ahead of International Investment Summit.
    • Boost for clean energy industries demonstrates vote of confidence in UK and government’s growth mission.
    • Comes as Prime Minister puts investment and growth at heart of first Council of Nations and Regions meeting in Scotland today.

    Thousands of jobs in green industries announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.        

    The investments confirmed by private investors today will deliver growth in the clean energy sector across our nations and regions, from Yorkshire to Suffolk and Aberdeen to Stow, representing a huge vote of confidence in the UK and long-term growth.       

    Driven by the government’s clear path to growth creating the conditions for businesses to thrive, the billions worth of investments from leading companies include Iberdrola – one of the biggest energy companies in Europe – doubling their investment in the UK, Orsted unlocking £8bn and GreenVolt £2.5bn of investment in offshore wind farms, and SeAh Wind UK announcing a £225 million expansion of their investment in the North East to build a state-of-the-art wind technology manufacturing facility in Teesside, solidifying the UK’s position as a world leader in the wind power industry.   

    In only 100 days, the government has overturned the nine-year onshore wind ban in 72 hours, consented more solar than ever before, secured the most successful renewable auction round in history, and launched Great British Energy.     

    Prime Minister Keir Starmer said:    

    Today’s investments are a huge vote of confidence in this government and our relentless focus to drive growth across the UK.

    Whether you’re in Scotland, Wales, Northern Ireland or England – we are creating the conditions for businesses to thrive, and our International Investment Summit will be a springboard for every part of the UK to be an engine of innovation and investment.

    Today I’m convening the first ever Council of Nations and Regions, because it is when we work together in the spirit of genuine partnership, that we can deliver the real change people want to see and improve opportunities for all.  

    Iberdrola Executive Chairman Ignacio Galán said:    

    After having invested more than £30bn in the last 15 years, the clear policy direction, stable regulatory frameworks and overall attractiveness of the UK are leading us to double our investments for 2024-28, reaching up to £24bn.

    This is a vote of confidence in the UK’s clear and stable policies and is a major boost to the economy and the path towards green energy security and Net Zero. The benefits of electrification in terms of energy security, industrial development, jobs and decarbonisation are shared ambitions of the UK and Iberdrola.

    The investments demonstrate further progress on the government’s clean energy mission and a major boost to the UK economy three days before the first International Investment Summit on 14 October, which will gather UK leaders, high-profile investors and businesses from across the world to deepen our partnership to drive investment and growth.    

    It also comes as the Prime Minister today convenes the first Council of the Nations and Regions, delivering on a manifesto promise to rewire the way UK Government operates. Focussed on investment and growth, the Council will see First Ministers and Deputy First Minister from the Devolved Governments come together with regional mayors to collaborate and seize opportunities to secure long-term investment and boost growth. The agenda, agreed with attendees, includes discussion on how to boost growth and inward investment across the UK, including through an industrial strategy and the Investment Summit.    

    The Prime Minister will also hold bilateral meetings and a joint meeting with the Devolved Government First Ministers and Deputy First Minister focussed on supporting intergovernmental relations as we continue to reset our relationship and work together to deliver for people across the UK.     

    Today’s investments include:    

    • Iberdrola doubling their investment in the UK, through Scottish Power, from £12bn to £24bn over the next 4 years, which includes £4bn for the East Anglia 2 wind farm off the Suffolk coast which was unlocked by this Government’s expanded allocation at the most recent wind auction round. Iberdrola Executive Chairman Ignacio Galan has also today confirmed that the UK has become their largest Investment destination.
    • Orsted and Greenvolt confirming that the Government’s recent expanded offshore wind auction means their projects will unlock £8bn (Orsted) and £2.5bn (Greenvolt) of investment respectively in their planned offshore wind farms. Orsted says its commitment will see thousands of jobs for local people, while Greenvolt says it will create up to 2800 construction jobs.
    • SeAH Wind has made an additional £225 million investment into wind technology manufacturing in Teesside, thanks to new backing from UK Export Finance, which expects to create 750 direct jobs by 2027. This brings their total investment into the site at Teesworks up to £900 million and will help them make their ongoing factory build – one of the biggest facilities of its kind worldwide – even bigger.
    • Macquarie supporting investment of £1.3bn into new green infrastructure including its Island Green Power solar farm in Stow, as a result of planning consents having been granted by the Government, and its Roadchef portfolio company installing electric car ultra-fast charging points across its sites along the UK motorway network.
    • BW Group proceeding with a £300m investment into a new battery energy storage project in Birmingham.
    • Holtec, a major US advanced nuclear engineering company, has confirmed a significant investment of £325 million in a new factory in South Yorkshire which will supply materials for Hinkley Point C and likely Sizewell C power stations. They say this will create up to 490 direct and 280 indirect jobs annually during the construction phase and 1,200 direct engineering jobs created over 20 years.     

    Mads Nipper, CEO of Ørsted A/S said:    

    The reason we are investing in the UK is that alongside the targets for clean energy, we also see the commitment to creating the policy frameworks required to deliver those targets and a government who wants to work with businesses to enable the investments required.

    Lord Nicol Stephen, Chief Executive of Flotation Energy said:  

    Green Volt is a trailblazing, multibillion pound floating offshore wind project which will kickstart jobs and investment by companies right across the UK offshore supply chain. The choice of our HQ in Aberdeen is clear evidence of our strong commitment to support local jobs and businesses wherever possible.

    Chris Sohn, Chief Executive of SeAH Wind, said:    

    With the proactive support of UKEF, our project is progressing smoothly. As we approach the completion of the factory construction, we are committed to ensuring its successful finalization. We aim to become the first monopile manufacturing company in the UK and make a significant contribution to the UK economy.

    Andreas Sohmen-Pao, Chairman of BW Group, said:     

    BW Group is delighted to announce that its subsidiary BW ESS intends to shortly begin construction on two large battery projects in the Midlands – Hams Hall and Berkswell – with a combined capacity of 600 MW. These projects represent a major step forward in enhancing the UK’s energy infrastructure and supporting the transition to renewables.

    I am encouraged by the UK government’s commitment to the clean energy transition and our announcement today highlights BW Group’s commitment to strengthening our presence in the UK and contributing to the growth of the clean energy sector.

    Shemara Wikramanayake, Chief Executive Officer of Macquarie Group, said:   

    We believe that infrastructure investment helps create strong foundations for economic growth, job creation, better services for the public and stronger communities. We are fully invested in the UK’s success and look forward to playing our part in delivering the investment the country needs.

    Dr Rick Springman, Holtec’s President of Global Clean Energy Opportunities, said:   

    Holtec has been part of the UK’s nuclear fabric for over 30 years. We recognise the UK’s long-term commitment to nuclear energy to drive forward government missions on clean energy and economic growth.

    Our planned advanced manufacturing factory in South Yorkshire will bring thousands of skilled, highly-paid engineering jobs to the region while supporting tens of thousands more in the UK’s wider manufacturing supply chains.

    The potential size of the prize of this investment is significant. Depending on future SMR order books it could open up a £30bn export market over ten years adding billions of pounds to the UK economy. Over the coming months Holtec will be finalising its full factory plans and designs based on its UK and international order book.

    This follows the announcement earlier this week that up to 500 UK manufacturing jobs are set to be supported as bus operator Go Ahead confirms a major £500 million investment to decarbonise its fleet including. This includes creating a new dedicated manufacturing line and partnership with Northern Ireland-based UK bus manufacturer Wrightbus.    

    Yesterday, the Department for Energy Security & Net Zero gave the green light for a new scheme to help unlock billions in investment in energy storage infrastructure. This could see the first significant long duration energy storage facilities in nearly 4 decades, helping to create back up renewable power and bolster the UK’s energy security.    

    And it also builds on the Government confirming funding to launch the UK’s first carbon capture sites in Teesside and Merseyside. Two new carbon capture and CCUS enabled hydrogen projects will create 4,000 new jobs, in a boost for the economy and British industry, helping remove over 8.5 million tonnes of carbon emissions each year – the equivalent of taking around 4 million cars off the road.

    Updates to this page

    Published 10 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Video: What is a temporary flight restriction?

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

    Recovery efforts in the aftermath of a hurricane can be immense and require close coordination at both the federal and the state levels. The airspace around the recovery efforts have high levels of aviation activity, including small airplanes, helicopters, and drones. The FAA’s goal at all times is to ensure safety and help facilitate this critical work.

    Learn more about operating near hurricane recovery efforts: https://www.faa.gov/air_traffic/flight_info/hurricane_season/operating-near-hurricane-recovery-efforts

    https://www.youtube.com/watch?v=6QhnGLK5Io4

    MIL OSI Video

  • MIL-OSI Submissions: MSF urges for protection of civilians and medical staff amid Israeli bombardment in Lebanon

    Source: Médecins Sans Frontières/Doctors Without Borders (MSF)

    Beirut, Lebanon, 11 October 2024 – As Israeli attacks intensify in Lebanon, healthcare facilities in areas most affected by airstrikes are being forced to close. This is leading to devastating consequences for civilians and their access to healthcare.

    Médecins Sans Frontières/Doctors Without Borders (MSF) teams are working tirelessly to ensure the continuation of care in our existing facilities, while also scaling up our activities to address the needs emerging from the ongoing conflict. However, due to the intense Israeli airstrikes, we were forced to suspend some activities in highly affected areas. We continue to adapt our activities to provide people with much needed healthcare.

    MSF urges all warring parties to spare civilians, medical facilities, and medical personnel in Lebanon to ensure that vital healthcare services can adequately address people’s urgent medical needs.

    “Given the intensity of the violence, road damage, and the lack of guaranteed safety, we are currently unable to reach all affected areas in Lebanon despite the increasing medical and humanitarian needs,” says François Zamparini, emergency coordinator for MSF in Lebanon.

    Last week, MSF was forced to completely close its clinic in the Palestinian camp of Burj el Barajneh in the southern suburbs of Beirut. We also had to temporarily stop our activities in Baalbek-Hermel, northeast Lebanon. These are both areas heavily affected by the strikes.

    “We partially reopened our clinic in Hermel this week to ensure that patients receive their medications, providing them with a two-to-three-month stock of essential drugs, depending on the severity of their condition and medical risks,” adds Zamparini.

    Patients in these areas are already vulnerable, struggling to access the healthcare they desperately need. The closure of medical facilities has left them, specifically people living with chronic diseases, without the essential services they need.

    MSF medical teams also remain unable to operate properly in southern Lebanon due to a lack of safety guarantees for our medical personnel.

    “One of the hospitals we planned to support and had donated medications and trauma kits to, in Nabatiyeh, only a few kilometres away from the active frontlines, was hit on 5 October,” explains Zamparini.

    An MSF mobile medical team, which had been actively supporting general healthcare centres in Nabatiyeh and other areas closer to the Lebanese border since November 2023, has been forced to stop its activities. The team, which was once able to reach areas near the border, can no longer do so and is currently limited to operating only as far as Saida, which is about 50 kilometres north of the southern border, where needs are highest.

    In the last two weeks, Israeli strikes have claimed the lives of at least fifty paramedics. This brings the total number of healthcare workers killed since October last year to over a hundred, as reported by the Lebanese Ministry of Public Health[1]. The heavy Israeli bombardments have also severely disrupted access to medical care across Lebanon. As of 1 October 2024, six hospitals and 40 general healthcare centres have closed their doors as the intensity of the fighting made it impossible to work without safety guarantees, according to OCHA. [2]

    The armed conflict is worsening an ongoing humanitarian crisis, aggravating existing needs. Lebanon’s healthcare system was already overburdened by the country’s economic crisis, which has caused the emigration of many medical staff and strained the capacity and resources of medical facilities. Local health centres, already at capacity, are now facing increasing pressure as they try to meet the growing medical needs of displaced people.

    The scale of displacement in Lebanon significantly surpasses the country’s ability to provide adequate shelter, with over a million people displaced according to UNHCR[3]. The majority of shelters people are seeking safety in are in dire conditions. To respond, MSF deployed 12 mobile medical teams across various regions of the country, including Beirut, Mount Lebanon, Saida, Tripoli, Bekaa, and Akkar. These teams are providing psychological first aid, general medical consultations, and mental health support, in addition to donating mattresses, hygiene kits, hot meals, and clean water. Nevertheless, people’s needs are far greater than what we are able to cover.

    “We must ensure the continuation of care for those in need,” emphasises Zamparini. “We urge all parties to respect international humanitarian law. Civilians and civilian infrastructure, medical facilities and medical personnel must not be targeted. Their safety must be guaranteed.”

    MSF response to the humanitarian crisis in Lebanon: In response to the ongoing escalation of conflict and intense Israeli bombing in Lebanon, MSF has deployed 12 mobile medical teams across various regions of the country, including Beirut, Mount Lebanon, Saida, Tripoli, Bekaa, and Akkar. These teams are providing psychological first aid, general medical consultations, medication, and mental health support. MSF is also distributing essential items such as blankets, mattresses, and hygiene kits, as well as supplying water by trucks to schools and shelters where displaced people have gathered. Additionally, we are offering hot meals and drinking water to hundreds of displaced families. MSF has also donated fuel and trauma kits to several hospitals, prepositioned 10 tons of medical supplies and trained over 100 healthcare workers in trauma care and mass casualty management across the country.

    MSF first began to work in Lebanon in 1976, and its teams have worked in the country without interruption since 2008.  In 2023, MSF teams worked in six locations across Lebanon, providing 13,609 free medical consultations for vulnerable communities, including Lebanese citizens, refugees, and migrant workers. MSF’s services include mental healthcare, sexual and reproductive healthcare, paediatric care, vaccinations, and treatment for non-communicable diseases such as diabetes. In the past years and as a result of the country’s ongoing economic collapse, people’s humanitarian needs have drastically increased, and we have adapted our projects accordingly. Moreover, we have responded to various types of medical emergencies, and in 2023 we increased our support to respond to the needs resulting from the armed clashes.

    ________________________________

    [1] Health workers in Lebanon describe deadly Israeli attacks on colleagues and fear more | AP News

    [2] https://www.unocha.org/news/todays-top-news-lebanon-occupied-palestinian-territory-and-israel-syria-haiti-ukraine-eastern

    [3] UNHCR’s Grandi appeals for urgent humanitarian support and an end to the bloodshed in Lebanon | UNHCR

    MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. In 2022, more than 120 project staff from Australia and New Zealand worked with MSF on assignment overseas. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au  

    MIL OSI – Submitted News

  • MIL-OSI: Cohen Circle Acquisition Corp. I Announces Pricing of $200,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    PHILADELPHIA, PA, Oct. 10, 2024 (GLOBE NEWSWIRE) — Cohen Circle Acquisition Corp. I (NASDAQ:CCIRU) (the “Company”) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The Company’s units will be listed on the Nasdaq Global Market under the symbol “CCIRU” and will begin trading on October 11, 2024. Each unit issued in the offering consists of one Class A ordinary share of the Company and one-third of one redeemable warrant, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NASDAQ under the symbols “CCIR” and “CCIRW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The closing of the offering is anticipated to take place on or about October 15, 2024, subject to customary closing conditions.

    Cantor Fitzgerald & Co. is serving as the sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any. 

    The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be to identify companies in the financial services technology (fintech) sector and fintech adjacent sectors that power transformation and innovation. The Company is sponsored by Cohen Circle, LLC, and the management team is led by Betsy Z. Cohen, its Chairman of the Board of Directors, President and Chief Executive Officer.

    A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on October 10, 2024. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor, New York, New York 10022, email: prospectus@cantor.com. Copies of the registration statement can be accessed for free through the SEC’s website at http://www.sec.gov.

    This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that such offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

    Contact Information:

    Cohen Circle Acquisition Corp. I
    info@cohencircle.com

    The MIL Network

  • MIL-OSI Economics: Jordan — IMF Staff Conclude Article IV Discussions and Reach Staff Level Agreement on the Second Review under the Extended Fund Facility

    Source: International Monetary Fund

    October 10, 2024

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • IMF staff and the Jordanian authorities have reached a staff level agreement on the second review under the Extended Fund Facility (EFF). All commitments for the second review under the program have been met, demonstrating the authorities’ steadfast commitment to sound macro-economic policies and continued progress on reforms.
    • Jordan continues to show resilience and maintain macro-economic stability, despite the headwinds caused by the intensifying conflict in the region. Jordan’s economy is expected to grow by 2.3 percent in 2024 and 2.5 percent in 2025. However, strong and timely international support remains important to help Jordan face the external headwinds, and to continue to shoulder the cost of hosting a large number of Syrian refugees.
    • Bringing the Jordanian economy onto a higher growth trajectory is essential to create more jobs and raise prosperity. This requires accelerating structural reforms, while maintaining macro-economic stability, and making significant progress in implementing the authorities’ Economic Modernization Vision.

    Amman: A staff team from the International Monetary Fund (IMF), led by Ron van Rooden, visited Amman during September 30–October 10, 2024, for discussions on the 2024 Article IV consultation and the second review under the arrangement under the IMF’s Extended Fund Facility (EFF), which was approved by the IMF’s Executive Board on January 10, 2024 (Press Release).

    At the conclusion of the mission, Mr. van Rooden issued the following statement:

    “We are pleased to announce that the IMF team and the Jordanian authorities reached a staff-level agreement on the second review of the authorities’ economic reform program supported by the EFF arrangement, approved in January of this year. Program performance continues to be strong, despite a challenging external environment. All quantitative performance criteria and structural benchmarks for the second review were met and steady progress is being made toward achieving the program’s overall objectives, including good progress toward meeting benchmarks for future reviews. The agreement is subject to approval by the IMF’s management and the Executive Board. The completion of this review will make another SDR 97.784 million (about US$131 million) available, out of the previously approved program size of SDR 926.370 million (about US$1.2 billion).  

    “Jordan continues to show resilience and maintain macro-economic stability, despite the headwinds caused by the intensifying conflict in the region. This resilience is the result of the authorities’ continued pursuit of sound macro-economic policies and reform progress. The recent upgrades to Jordan’s credit ratings, the first in over 20 years, testify to the credibility of the authorities’ economic policies.

    “Nonetheless, as the conflict continues and widens, it is having a larger impact on Jordan’s economy than anticipated at the outset of the program. The economy is projected to grow by 2.3 percent this year, with weaker domestic demand offset by a stronger performance in net exports. Growth is projected at 2.5 percent for 2025. Inflation remains low, at 2 percent, thanks to the Central Bank of Jordan’s (CBJ) firm commitment to monetary stability and safeguarding the exchange rate peg. The financial sector remains healthy and well capitalized. The current account deficit is projected to narrow to 4.4 percent of GDP this year, helping to further build the CBJ’s reserve buffers, and to widen slightly to 4.7 percent of GDP in 2025.

    “Government revenues have been adversely affected this year by the weaker domestic demand, as well as a sharper-than-expected drop in the prices of key export commodities. The authorities have taken strong actions to offset the revenue shortfall to contain this year’s central government budget deficit. With this, the authorities are committed to limit this year’s central government primary deficit (excluding grants and transfers to public utilities) to 2.9 percent of GDP, up slightly from 2.7 percent of GDP in 2023. Together with measures taken to limit the operational losses of the utility companies and continued surpluses of the social security system, the overall general government primary deficit (excluding grants) is expected to remain broadly unchanged this year, at 1.3 percent of GDP, compared to 1.4 percent in 2023, and public debt to be contained at just over 90 percent of GDP by end-2024.

    “The authorities are firmly committed to continue to implement sound macro-economic policies to maintain stability and to advance structural reforms needed to further strengthen the resilience of Jordan’s economy and to improve people’s living standards, as envisaged also in their Economic Modernization Vision. Notably, fiscal policy aims to reduce public debt to 80 percent of GDP by 2028 to ensure fiscal sustainability, by advancing a gradual fiscal consolidation, including limiting the central government primary deficit (excluding grants and transfers to the public utilities) to 2 percent of GDP in 2025. With further efforts to improve the finances of the public utilities and continued surpluses of the social security system, the overall general government primary deficit (excluding grants) will be reduced by 1.1 percent of GDP to 0.2 percent of GDP. The CBJ’s monetary policy will continue to be underpinned by its firm commitment to the exchange rate peg to the US dollar and to maintain low inflation, and the CBJ stands ready to undertake policy adjustments as necessary to credibly safeguard monetary and financial stability.

    “The authorities are determined to step up the pace of structural reforms to achieve stronger growth and generate more jobs, which is particularly important given that unemployment remains high, particularly among the youth and women. Reforms will focus on improving the business environment, to attract more investment, by enhancing competition and labor market flexibility, while further strengthening the social safety net. Efforts will also focus on streamlining regulation and digitalization of government services, including tax and customs administration.  

    “The staff team is grateful to the authorities for the candid and constructive discussions. The team met with Prime Minister Hassan, Minister of Finance Shibli, Minister of Planning and International Cooperation Toukan, Minister of Economic Affairs Shehadeh, Governor of the Central Bank of Jordan Al-Sharkas; and other Ministers and senior government and CBJ officials.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Angham Al Shami

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    MIL OSI Economics

  • MIL-OSI: Pieridae to Hold Conference Call and Webcast to Discuss Third Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES

    CALGARY, Alberta, Oct. 10, 2024 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) will release its financial and operating results for the third quarter 2024, on Wednesday, November 6, 2024, after markets close.

    President & Chief Executive Officer Darcy Reding and Chief Financial Officer Adam Gray will discuss the financial results and company developments on an investor conference call and webcast on Thursday, November 7, 2024, at 8:30 a.m. MST / 10:30 a.m. EST.

    To register to participate via webcast please follow this link:

    https://edge.media-server.com/mmc/p/x7jqdags

    Alternatively, to register to participate by telephone please follow this link:

    https://register.vevent.com/register/BI1c44d36dab364545b0c536614eb099d8

    A replay of the webcast will be available two hours after the conclusion of the event and may be accessed using the webcast link above.

    ABOUT PIERIDAE

    Pieridae is a Canadian energy company headquartered in Calgary, Alberta. The Company is a significant upstream producer and midstream custom processor of natural gas, natural gas liquids, condensate, and sulphur from the Canadian Foothills and adjacent areas in Alberta and in northeast British Columbia. Pieridae’s vision is to provide responsible, affordable natural gas and derived products to meet society’s energy security needs. Pieridae’s Common Shares trade on the TSX under the symbol “PEA”.

    For further information, visit http://www.pieridaeenergy.com, or please contact:

    Darcy Reding, President and Chief Executive Officer
    Telephone: (403) 261-5900
    Adam Gray, Chief Financial Officer
    Telephone: (403) 261-5900
       
    Investor Relations
    investors@pieridaeenergy.com
     

    The MIL Network

  • MIL-OSI: Click Holdings Limited Announces Closing of Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, Oct. 10, 2024 (GLOBE NEWSWIRE) — Click Holdings Limited (“CLIK” or the “Company”), a Hong Kong-based human resources solutions provider primarily focusing on talent sourcing and the provision of temporary and permanent personnel to customers including accounting and professional firms, Hong Kong listed companies, nursing homes, individual patients, logistics companies and warehouses, today announced the closing of its previously announced initial public offering of an aggregate 1,400,000 Ordinary Shares (“the Offering”) at a price of $4.00 per share (“the Offering Price”) to the public, for a total gross proceeds of $5.6 million to the Company, before deducting underwriting discounts and offering expenses.

    The Ordinary Shares began trading on the Nasdaq Capital Market on October 9, 2024, under the symbol “CLIK.”

    R.F. Lafferty & Co., Inc. (“Lafferty”), a full-service broker/dealer, acted as the primary underwriter for the Offering. Revere Securities LLC (“Revere”), a full-service broker/dealer, acted as the co-manager for the Offering. Dorsey & Whitney LLP, David Fong & Co, Beijing Dacheng Law Offices, LLP (Shenzhen) and Ogier are acting as U.S., Hong Kong, PRC and BVI legal counsel to the Company, respectively. Wei, Wei & Co., LLP is acting as the independent accountants of the Company. VCL Law LLP is acting as the U.S. legal counsel to Lafferty and Revere for the Offering.

    The Offering is being conducted pursuant to the Company’s registration statement on Form F-1 (File No. 333-280522), as amended, which was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on September 30, 2024. The Offering is being made only by means of a prospectus, which forms part of the registration statement. Copies of the final prospectus related to the Offering may be obtained, when available, from R.F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005, by phone at +1 212 293 9090 or by email at offering@rflafferty.com; or Revere Securities LLC, 560 Lexington Ave 16th floor, New York, NY, 10022, by phone at +1 212 688 2350 or by email at contact@reversesecurities.com. A copy of the final prospectus relating to the Offering can be obtained via the SEC’s website at http://www.sec.gov.

    Before you invest, you should read the prospectus and other documents the Company has filed with the SEC for more information about the Company and the Offering. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Click Holdings Limited
    Click Holdings Limited is a human resources solutions provider, specializing in offering comprehensive human resources solutions in three principal sectors, namely (i) professional solution services, (ii) nursing solution services, and (iii) logistics and other solution services. We are primarily focused on talent sourcing and the provision of temporary and permanent personnel to customers. Our primary market is in Hong Kong and our diverse clientele includes accounting and professional firms, Hong Kong listed companies, nursing homes, individual patients, logistics companies and warehouses. We specialize primarily in placing professional accountants and company secretaries, registered nurses and healthcare workers, as well as other blue-collar workers, for direct hire and contract staffing roles. For more information, please visit our website https://clickholdings.com.hk.

    FORWARD-LOOKING STATEMENTS
    Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Luda Technology Group Limited specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

    For more information, please contact:

    offerings@rflafferty.com
    Equity Capital Markets
    R. F. Lafferty & Co., Inc.
    40 Wall Street, 27th Floor, 
    New York, NY 10005
    212.293.9090

    The MIL Network

  • MIL-OSI Australia: A force for prevention

    Source: Victoria Country Fire Authority

    Made up of more than 700 volunteers from brigades across the state, CFA’s Planned Burn Taskforce (PBTF) is a critical initiative to reduce the severity of bushfire, and protect lives, properties and the environment.

    Taskforce members have a variety of skills sets. Some have extensive burning experience and years of membership under their belts; others are newer CFA members who have recently completed their General Firefighter training. 

    At its core, the taskforce’s efforts aim to reduce fuel loads. However, the proactive, coordinated approach to the burns not only helps safeguard communities, but also preserves natural habitats and biodiversity, promoting rejuvenation and resilience.

    Members interested in joining the PBTF must complete General Firefighter, Entrapment Drill and Tree Hazard Awareness and have their captain’s approval. For more information visit Members Online

    We spoke to three members of the taskforce to find out their motivations for joining and why they believe the taskforce is important.

    Michelle Tie, Rowville Brigade

    Rowville brigade firefighter Michelle Tie said being a member of the PBTF gave her the opportunity to be active across wider sections of the community.

    A CFA member for five years and in the Planned Burn Taskforce for three, Michelle saw joining the group as an opportunity to get hands-on experience with fire after completing her General Firefighter training.

    “I hadn’t done any planned burning prior to joining the taskforce. It’s a fantastic way to learn and build experience, and I have learned so much ‘on the job’.”

    Michelle said she was initially nervous attending her first burn with the taskforce because she was the only member from her brigade, but she found the group to be incredibly supportive.

    “By stepping outside of my comfort zone, I have learned so much about fire behaviour especially across different environments which are often very different to the usual callouts we get at Rowville,” Michelle said.

    “I came away from that first burn a much more confident firefighter.

    “I love working with different brigades and members from across the state – the camaraderie makes me incredibly proud to be a part of CFA.” 

    Michelle believes that the success of the PBTF lies in its ability to support brigades to achieve local and state goals. 

    “It’s so vital that brigades have access to the support, skills and experience of the wider CFA community to manage their fire risk,” she said.

    “At the end of the day, this makes Victoria safer for everyone.”

    Tully Machtynger, Kalorama and Mt Dandenong Brigade

    “Joining the taskforce is a great opportunity to get hands-on experience and training on the tools especially for members of smaller brigades who may not get close to, and experience, fire prior to a campaign season,” Tully Machtynger said.  

    “It also provides the opportunity to network with the broader CFA community, talk to people from other brigades and learn how they operate and train.”

    A firefighter and Junior leader, Tully has been a member of Kalorama and Mt Dandenong brigade for two years and a member of the PBTF for one. 

    “Being fairly new to CFA and the area, joining the taskforce was recommended by one of my assessors when I was going through General Firefighter as a great way to see and get used to fire in a controlled way,” Tully said.

    “I’ve been to six or seven burns across the state, predominantly in West Region. I hadn’t done any planned burning prior to joining the taskforce, only responding with my brigade to a couple of escaped burn-offs conducted by local residents.”

    The taskforce is activated when districts are unable to fulfil needs locally. While it’s a role that requires flexibility and the time commitment varies, Tully said she has learned so much working alongside experienced taskforce members. 

    “It’s psychologically beneficial to know what you can face in practice, and the taskforce has definitely value-added to my volunteer experience,” Tully said. “My sense of my own capability has completely changed. By my third burn I felt more confident turning out and in my ability to support my own brigade on the fireground.”

    Elvis Crook, Bulla Brigade 

    With 21 years of membership under his belt, a change in career gave Bulla Captain Elvis Crook more flexibility in his availability so he put himself forward for the PBTF.

    “I’ve participated in a number of planned burns over the years. I thought the taskforce would be a good opportunity to network with members from across the state as well as keep my fireground skills sharp,” he said.

    “There is no better means of observing fire behaviour in a controlled environment which ultimately benefits your skills throughout an active fire season. 

    “An added benefit of having such a broad group of members together from across the state is being able to informally share information and ideas.”

    Elvis said that without the taskforce many critical burns wouldn’t go ahead as regularly. 

    “I remember a burn earlier in the year where I was on a local truck with the brigade captain. The rest of the crew was from the PBTF. 

    “He was very thankful that we were there to crew the truck as the burn we were doing would help protect his land and that of other community members.” 

    Elvis says that if you are thinking of joining the taskforce – do it!

    “The thing I enjoy the most is the camaraderie. The taskforce is like a family; I have made connections with other members who I now call friends. 

    “Attending a burn is also training in itself. I’d highly recommend any newer members who have not had a lot of fireground experience or might be with a brigade with low call numbers to join to build on their experience.

    “I’ve been in the CFA a long time and haven’t immediately felt so at home like I do with this crew.”

    Submitted by News and Media

    MIL OSI News

  • MIL-OSI New Zealand: Police catch up with gang members after driving dangerously

    Source: New Zealand Police (National News)

    A group of Tribesman gang members face charges after being observed driving dangerous across south Auckland last night.

    Five arrests were made, infringements issued, and six prized motorbikes have been impounded and are now off the road for six months.

    Earlier on Thursday evening, Police observed a group of gang members speeding on State Highway 1 near Pōkeno at around 6pm.

    “They were driving dangerously at high speeds and intimidating over road users with their reckless behaviour,” Counties Manukau Road Policing Manager, Inspector Tony Wakelin, says.

    “The Police Eagle helicopter was deployed and provided commentary to ground units, as the group exited the motorway at East Tāmaki Road.”

    Inspector Wakelin says Police units had gathered to intercept the group and signalled for the riders to stop.

    “Disappointingly the group disregarded this, and they fled from Police towards Ōtara, travelling at well over twice the legal speed limit and through a red light.”

    Eagle followed the group to an address on Berrett Place, before Police entered the address to conduct further enquiries.

    “We were then able to identify some the motorbikes and the alleged riders involved in the earlier offending.”

    As a result, three patched members aged 24, 28 and 38, have been summoned to appear in the Manukau District Court at a later date for failing to stop and dangerous driving.

    Two youths at the address were arrested over breaching of bail conditions and obstructing Police.

    “Further enquiries are continuing to locate the other motorbikes and riders involved,” Inspector Wakelin says.

    “This was great work from Police staff to manage a potentially volatile situation and bring it to a safe and satisfying conclusion.

    “Other road users should not expect to have their safety put at risk as it was last night. The behaviour of these gang members was completely unacceptable.”

    ENDS.

    Tony Wright/NZ Police

    MIL OSI New Zealand News

  • MIL-OSI Canada: Child care program closed over safety concerns

    Source: Government of Canada regional news

    As a result of a number of non-compliances involving unsupervised children, Willowbrae Academy West Point Centre, a child-care program in Edmonton, was suspended and placed on a probationary licence with a term that expired on Oct. 9. Since the probationary license was issued, Child Care Licensing has worked with the program through enhanced monitoring to support them in returning to compliance.

    Due to ongoing concerns and unaddressed non-compliances involving unsupervised children, Willowbrae Academy’s suspended licence was not reinstated. The closure of this program affects about 187 children.

    Families affected by the closure of the program were notified in person on Oct. 9. Families not informed in person will be notified by email as soon as the contact information is provided by the child-care program. In addition, a notice confirming closure of the program, which describes the reason for closure, has been posted on the door of the facility.

    Jobs, Economy and Trade will continue to provide support, information and assistance to families looking for alternative child-care options.

    Anyone with concerns about a child-care program in their community or needing to report an incident is encouraged to call Child Care Connect toll-free at 1-844-644-5165.

    Information on child-care program closures can be found on the Finding and Choosing Child Care webpage (link below).

    Quick facts

    • Jobs, Economy and Trade monitors licensed child-care programs across the province and takes appropriate actions to ensure safety and compliance with the Early Learning and Child Care Act and the Early Learning and Child Care Regulation.
    • A licence holder who is subject to a decision respecting their licence may request, within 30 days of the decision, an administrative review, alternative dispute resolution or an appeal to bring forward concerns regarding a licencing decision, up to and including cancellation.
    • Alternative child-care options can be found online through the Child Care Lookup Tool.

    Related information

    • Child Care Lookup Tool
    • Finding and Choosing Child Care
    • Early Learning and Child Care Act
    • Child Care licensing – How to appeal

    MIL OSI Canada News

  • MIL-OSI Canada: Minister of Justice joins OECD Global Roundtable on promoting democracy and equal access to justice

    Source: Government of Canada News (2)

    News release

    October 10, 2024 – Ottawa, Ontario – Department of Justice Canada

    Access to justice is a fundamental value of the Canadian justice system, in line with our country’s respect for the rule of law. Justice Canada remains committed to playing a leadership role in advancing a people-centred approach to justice and the law, including through its international relationships.

    The Honourable Arif Virani, Minister of Justice and Attorney General of Canada and the Organisation for Economic Co-operation and Development (OECD) joined delegates from around the globe as Justice Canada co-hosted, in collaboration with Canada’s International Development Research Centre, the 2024 OECD Global Roundtable of Access to Justice.

    The two-day roundtable included more than 100 delegates from OECD member and partner countries, academia, and civil society as well as representatives from international, regional, and legal academic organizations. Discussions supported the implementation of the 2023 OECD Recommendation on Access to Justice and People-Centred Justice Systems and its core components, which include: building a purpose and culture in the justice sector that puts consideration of the individual at the heart of justice responses; designing and delivering people-centred justice services; establishing an enabling governance infrastructure; empowering people to be informed and to participate; and committing to evidence-based planning, monitoring, evaluation and accountability.

    The Global Roundtable on Access to Justice is part of a series for knowledge-sharing on people-centered justice at the highest level of government. As part of the OECD Reinforcing Democracy Initiative, the 2024 OECD Roundtable seeks to advance people-centred justice, to strengthen democracy and public trust, to foster prosperity and to contribute to achieving Sustainable Development Goal (SDG) 16 on promoting the rule of law and ensuring equal access to justice for all. Building on the momentum of the previous Roundtables, this event explored measures and strategies to bring justice closer to communities in practical, inclusive and compassionate manner. To achieve this, participants shared experiences and challenges related to the implementation of different justice pathways and innovation to reach people and enable them to resolve their everyday justice problems.

    Quotes

    “Access to justice is a fundamental element of any healthy justice system, and an important pillar of democracy. This Roundtable helps advance our understanding of the role of justice and the rule of law in advancing these key principles. Canada will continue to focus on making our justice systems more responsive and more inclusive, while ensuring the justice sector can respond to global challenges. We are moving in the right direction to achieve our access to justice goals, including the full realization of Sustainable Development Goal 16.”

    The Honourable Arif Virani, P.C., M.P.
    Minister of Justice and Attorney General of Canada

    “The discussions over the past two days reaffirmed the critical importance of the rule of law and people-centred justice, of which Canada is a champion, particularly in the context of increasing pressures on democracy. The OECD, notably through its Reinforcing Democracy Initiative, has been instrumental in supporting countries to make justice systems more responsive, accessible, and people-centred. The outcomes from this Roundtable will inform the development of a toolkit to help policymakers implement the OECD Recommendation and will contribute to global efforts, including the forthcoming OECD Global Forum on Building Trust and Reinforcing Democracy and the 2025 UN High-Level Political Forum, as we work towards creating a future where justice serves everyone.”

    Elsa Pilichowski,
    Director for Public Governance, OECD

    Quick facts

    • The annual OECD Roundtable is the premier international meeting of governments, justice sector stakeholders and partners to share information and insights in justice globally.

    • The OECD Recommendation on Access to Justice is an important tool to support countries in their efforts to promote transparent, responsive and inclusive justice systems. The efforts that flow from their work will promote justice-related commitments and peer learning to advance open government, open justice and equal access to justice.

    • Following the adoption of the Recommendation in 2023, the OECD and its partners are developing practical tools, including concrete examples of initiatives and promising practices, that countries could use in support of their implementation of the Recommendation on access to justice.

    Associated links

    Contacts

    For more information, media may contact:

    Chantalle Aubertin
    Deputy Director, Communications
    Office of the Minister of Justice and Attorney General of Canada
    613-992-6568
    Chantalle.Aubertin@justice.gc.ca

    Media Relations
    Department of Justice Canada
    613-957-4207
    media@justice.gc.ca

    MIL OSI Canada News

  • MIL-OSI USA: Cotton to Rosenworcel: Rushed Approval of Soros Fund Management-Audacy Deal Raises Questions

    US Senate News:

    Source: United States Senator for Arkansas Tom Cotton

    Washington, D.C. — Senator Tom Cotton (R-Arkansas) today wrote a letter to Federal Communications Commission’s (FCC) Chairwomen Jessica Rosenworcel concerning the purchase of more than 200 radio stations by Soros Fund Management (SFM). The rushed approval of SFM’s purchase of Audacy raises concerns about the FCC’s process, its impartiality, and the risks to our national security. 

    In part, Senator Cotton wrote:

    “The FCC’s approval process for large acquisitions of radio stations generally takes a year or more to complete and is subject to a national-security review if foreign-company ownership exceeds 25 percent. In this case, however, the FCC reportedly attempted to approve the SFM transaction with only 48 hours’ notice. Reports also indicate that no other commissioners aside from you were invited to opine on the issue before staff handled it on the Commission’s behalf. Moreover, SFM requested to bypass the traditional national-security review, despite raising $400 million for the purchase with foreign investments.”

    Full text of the letter may be found here and below.

    October 10, 2024

    Jessica Rosenworcel
    Chairwoman
    Federal Communications Commission
    45 L Street NE
    Washington, DC 20554
    Dear Chairwoman Rosenworcel,

    I write regarding the Federal Communications Commission’s (FCC) decision to expedite Soros Fund Management’s (SFM) purchase of more than two hundred radio stations just weeks before a critical presidential election.

    The FCC’s approval process for large acquisitions of radio stations generally takes a year or more to complete and is subject to a national-security review if foreign-company ownership exceeds 25 percent. In this case, however, the FCC reportedly attempted to approve the SFM transaction with only 48 hours’ notice. Reports also indicate that no other commissioners aside from you were invited to opine on the issue before staff handled it on the Commission’s behalf. Moreover, SFM requested to bypass the traditional national-security review, despite raising $400 million for the purchase with foreign investments.

    This decision affects over 165 million monthly listeners on Audacy—a network that includes conservative programming like Sean Hannity, Dana Loesch, Mark Levin, Glenn Beck, and Erick Erickson. It would be naive to think the timing is coincidental, or that a Soros-funded network would impartially manage conservative talk shows in the weeks before the election. The FCC’s rushed approval of SFM’s purchase raises significant concerns about the FCC’s process, its political impartiality, and the risks to our national security.

    I urge the FCC to use its traditional process outlined by Section 310 of the Communications Act. Accordingly, please respond to the below questions by ___

    1. Under existing FCC rules, foreign-company ownership of U.S. radio stations should not exceed 25 percent. Did SFM request to bypass the national-security evaluation? If so, did you approve it?
    2. What other exceptions to the existing rule regarding foreign-ownership of U.S. radio stations have occurred during your tenure as Chairwoman?
    3. Who was invited to opine on SFM’s purchase of Audacy?
    4. What efforts were made to undergo a legitimate public-interest analysis?

    Sincerely,

    Tom Cotton

    U.S. Senator

    MIL OSI USA News

  • MIL-OSI Canada: Prime Minister Justin Trudeau meets with Prime Minister of Malaysia Anwar Ibrahim

    Source: Government of Canada – Prime Minister

    Today, Prime Minister Justin Trudeau met with the Prime Minister of Malaysia, Anwar Ibrahim, on the margins of the Association of Southeast Asian Nations Summit.

    The prime ministers discussed the dynamic bilateral relationship between Canada and Malaysia, which is further being strengthened through the implementation of Canada’s Indo-Pacific Strategy. They welcomed co-operation on a variety of issues, including bolstering trade and investment, deepening defence partnerships, strengthening democratic institutions, and protecting cybersecurity. The leaders also highlighted recent examples of this mutually beneficial co-operation, including this year’s Team Canada Trade Mission to Malaysia and the opening of BlackBerry’s Cybersecurity Centre of Excellence in Malaysia, in March.

    Prime Minister Trudeau and Prime Minister Anwar discussed their interest in expanding co-operation on energy security and renewables.

    The leaders exchanged views on pressing geopolitical issues. They discussed the impact that multiple crises around the world are having on social cohesion and agreed to work together to explore ways to manage their effects.

    Prime Minister Trudeau and Prime Minister Anwar agreed to stay in close contact and looked forward to ongoing collaboration.

    Associated Links

    MIL OSI Canada News

  • MIL-OSI Canada: Saddle up for more great tourism experiences in Nova Scotia

    Source: Government of Canada News

    ACOA supports successful events and strategic tourism plans in Truro and Amherst

    October 10, 2024 · Truro, Nova Scotia · Atlantic Canada Opportunities Agency (ACOA)

    Tourism is essential to Atlantic Canada. It boosts local economies and creates jobs, while promoting and showcasing the region’s vibrant cultures and communities. The Government of Canada is investing to help organizations harness tourism potential by undertaking strategic planning and hosting exciting events. 

    Stampede and hockey showcased the region while communities plan for more opportunities

    Today, the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA, announced a total non-repayable contribution of $362,500 to three organizations for four tourism projects.

    This investment helped the Central Nova Scotia Civic Centre Society (operating as Central NS Sports & Entertainment) host two events in Truro, the 2023 World Junior A Hockey Challenge and the inaugural Nova Scotia Stampede. This investment will also help the Town of Truro and the Town of Amherst, in partnership with municipalities and First Nations partners, develop strategic plans to increase tourism in rural centres, promote the diverse variety of local offerings and extend the tourism season. For more information, see the attached backgrounder.

    Today’s announcement further demonstrates the Government of Canada’s commitment to help grow Atlantic Canada’s tourism sector, and showcase the region’s diverse experiences to visitors from around the world.

    MIL OSI Canada News

  • MIL-OSI USA: Senator Markey Statement on Passing of Ethel Kennedy

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Boston (October 10, 2024) – Senator Edward J. Markey (D-Mass.) released the following statement today on the passing of Ethel Kennedy.

    “I am deeply saddened to learn of the passing of Ethel Kennedy, a woman of true grace and grit, a dedicated matriarch, and a supportive friend. Ethel Kennedy’s generosity of spirit transcended politics, and her dedication to her family and her husband’s legacy were a driving force. 

    “When Ethel started the Robert F. Kennedy Center for Justice and Human Rights in 1968, she ensured that her husband’s life’s work would continue. She transformed her personal tragedy into a lasting legacy of public service and global leadership. Her mission will forever be felt beyond the shores of her beautiful home in Hyannis to the far reaches of the world where her fight for human rights lives on. 

    “A true force for social change in her own right, Ethel Kennedy worked to address society’s greatest injustices, fighting for equity, inclusion, compassion, and lasting change. The country has lost one of our greatest advocates for American exceptionalism, and the world has lost an irreplaceable champion of humanity. Ethel Kennedy was a woman whose vision was fueled by her boundless heart and goodwill, and she will be remembered forever. The entire Kennedy family is in my prayers.” 

    MIL OSI USA News

  • MIL-OSI Canada: Backgrounder: Saddle up for more great tourism experiences in Nova Scotia

    Source: Government of Canada News

    Tourism boosts local economies, highlights unique attractions, and celebrates the region’s rich culture.

    October 10, 2024 · Truro, Nova Scotia · Atlantic Canada Opportunities Agency (ACOA)

    Tourism boosts local economies, highlights unique attractions, and celebrates the region’s rich culture. Today, the Government of Canada announced a total of $362,500 to three organizations for four tourism projects to help tap into tourism opportunities through strategic planning and hosting dynamic events.

    The Central Nova Scotia Civic Centre Society (operating as Central NS Sports & Entertainment) received a $150,000 non-repayable investment through ACOA’s Innovative Communities Fund (ICF) to host the four-day inaugural Nova Scotia Stampede from September 26-29, 2024 at the Provincial Exhibition Grounds in Truro. The professional rodeo featured international and national champions competing in events such as bull riding, barrel racing and saddle bronc, as well as 4H showcases, musical performances, Nova Scotian food, artisans and vendors. The week-long event sold out all rodeo events, full-day passes and VIP tickets, attracting many visitors outside of the traditional peak tourism season, and showcasing Nova Scotia’s culture and agriculture sector to an international audience. The Province of Nova Scotia provided $150,000 for this project, and the Town of Truro and Colchester County provided a combined $75,000.

    The Society also received a $100,000 non-repayable investment through ICF to host the 2023 World Junior A Challenge which took place December 10-17, 2023 at the Rath Eastlink Community Centre (RECC). The event is an under-20 international ice hockey tournament sponsored by Hockey Canada, the Canadian Junior Hockey League (CJHL) and the International Ice Hockey Federation (IIHF). It featured six teams from around the world, giving young players exposure to international level competition, and bringing visitors to the region outside the peak tourism season. The Province of Nova Scotia provided $100,000 for this project and the Town of Truro and Colchester County each provided $50,000.

    The Central Nova Scotia Civic Centre Society is a not-for-profit organization which operates the Rath Eastlink Community Centre and provides event management services for the Provincial Exhibition Grounds which includes the development of the inaugural Nova Scotia Stampede project.

    The Town of Truro and Municipality of the County of Colchester are receiving a non-repayable investment of $96,850 through ICF to create a strategic tourism plan for the Truro-Colchester region. The town and county, in collaboration with regional partners Millbrook First Nation and the Town of Stewiacke, will continue to engage local businesses, community organizations, industry leaders and all levels of government to play an active role in creating a long-term success plan for elevating tourism in the area. The plan will focus on developing tourism all year long by identifying potential gaps and opportunities in the market, and will be implemented over the next three to five years.

    The Truro-Colchester region is located in north central Nova Scotia and has a population of over 50,000 people. Known as the “Hub of Nova Scotia,” Truro’s central location and historic downtown make it a popular destination from which to view the famous tidal bore in the Bay of Fundy.

    The Town of Amherst is receiving a non-repayable investment of $15,250 through ACOA’s Tourism Growth Plan (TGP) to develop and implement a strategic tourism plan in Cumberland County. The plan will help the town  build on its tourism potential, improve its tourism products, and engage with the broader network of tourism stakeholders in the area. It will also conduct a Digital Footprint Analysis, to help tourism businesses improve their virtual profile and better present themselves to potential visitors online. Cumberland County provided $7,625 for this project.

    The Town of Amherst is the largest town in Cumberland County and has a population of approximately 9,500. Amherst welcomes visitors crossing the border from New Brunswick, and is a good place to explore both the rugged cliffs of the Bay of Fundy, home of the world’s highest tides, and the sandy shores and warm water of the Northumberland Shore.

    Connor Burton
    Press Secretary
    Office of the Minister of Rural Economic Development
    Atlantic Canada Opportunities Agency
    Connor.Burton@acoa-apeca.gc.ca

    MIL OSI Canada News

  • MIL-OSI Canada: Statement on World Day Against the Death Penalty

    Source: Government of Canada News

    The Honourable Mélanie Joly, Minister of Foreign Affairs, today issued the following statement

    October 10, 2024 – Ottawa, Ontario – Global Affairs Canada

    The Honourable Mélanie Joly, Minister of Foreign Affairs, today issued the following statement:

    “On this World Day Against the Death Penalty, Canada reaffirms its opposition to the death penalty in all cases, everywhere.

    “The death penalty is incompatible with human rights and human dignity. Not only is it ineffective as a deterrent to crime, but its use also carries the significant risk of innocent individuals being executed. It has also been disproportionately used against members of marginalized groups and people who oppose authoritarian regimes, including political opponents and human rights defenders.

    “Canada strongly encourages all countries to abolish the death penalty. While condemning the death penalty, Canada also calls on countries where it is still practiced to respect international safeguards and standards, including due process and fair trials.

    “We are pleased to work closely with the World Coalition Against the Death Penalty, the International Commission Against the Death Penalty and the Alliance for Torture-Free Trade, all of which aim to abolish the use of the death penalty, torture and other cruel and degrading punishments.

    “The majority of nations have abolished the death penalty, and Canada proudly stands among them. Our stance is rooted in a commitment to upholding human rights for all individuals.”

    MIL OSI Canada News

  • MIL-OSI Video: Lebanon, Palestine, Ukraine & other topics – Daily Press Briefing | United Nations

    Source: United Nations (Video News)

    Noon briefing by Farhan Haq, Deputy Spokesperson for the Secretary-General.

    Highlights:

    – Lebanon
    – Senior Personnel Appointment
    – Occupied Palestinian Territory
    – Lao PDR
    – Deputy Secretary-General
    – Libya
    – Sudan
    – South Sudan
    – Zambia
    – Ukraine
    – Nepal
    – Haiti
    – Senior Personnel Appointment
    – Nansen Award
    – Post Day
    – Briefings today and tomorrow

    Lebanon
    We have an update from our peacekeeping colleagues in southern Lebanon. Over the past 24 hours, the exchanges of fire between the Israel Defense Forces and Hizbullah have continued to intensify. Peacekeepers observe large-scale air strikes by Israel, mainly across southern Lebanon, concurrent with its ground activities in the areas of Marun ar-Ras, Bint Jbeil, Aytarun, Kafr Kila and Labbouneh. They have also continued to observe fire by Hizbullah towards Israel.
    The UN Interim Force in Lebanon (UNIFIL) has confirmed that yesterday [8 October] IDF personnel vacated their position in the vicinity of UNIFIL post UNP 6-52, although movement of IDF personnel and vehicles continues on a nearby road.
    Some UN positions have been impacted, sustaining damage from numerous incidents, including to a security camera at UNP 1-31, damage to perimeter walls, gunshots on a vehicle, and shrapnel damage to prefab accommodation. Fortunately, there are no reports of peacekeepers wounded.
    As we have been saying repeatedly, the safety and security of our peacekeepers is a paramount priority and is a shared responsibility of all parties.
    All parties must abide by their obligations under international law, including international humanitarian law.
    We also reiterate our call, both for immediate de-escalation and for the parties to return to a cessation of hostilities and the full implementation of Resolution 1701.

    Occupied Palestinian Territory
    Turning to Gaza, the Office for the Coordination of Humanitarian Affairs has an update on the situation in the northern areas. In recent days, Israeli authorities once again ordered more than 400,000 people who remain north of Wadi Gaza to move south, while at the same time tightening access restrictions and expanding military operations in the north. Crossing points into northern Gaza have been largely closed for both humanitarian and commercial supplies. Checkpoints inside Gaza are only permitting civilians to move south — and allowing just a trickle of humanitarian movement into the north.
    OCHA warns that these developments are forcing services critical for people’s survival to shut down one by one. According to the UN Relief and Works Agency, seven schools sheltering displaced people are being evacuated, and only two of eight water wells in the Jabalya refugee camp remain functional.
    The north is also facing severe shortages of bread and food supplies. Explosive munitions burned down the only bakery supported by the World Food Programme in Jabalya refugee camp.
    Today, OCHA and the World Health Organization tried to reach northern Gaza to support the Kamal Adwan hospital, after Israeli authorities ordered its immediate evacuation. After receiving a green light from the Israeli authorities for the mission, the team was forced to wait at a holding point for many hours. Ultimately, the mission had to be aborted.
    Despite these challenges, aid workers are seizing any opportunity to support people in northern Gaza. UNRWA is utilizing limited stocks already in the north to distribute high-energy biscuits from WFP to children in designated shelters and delivering bread bundles to families in certain areas. Hot meals are being distributed by our partners to newly displaced families, some of whom are also receiving tents. And water is being delivered using trucks.

    Ukraine
    Turning to Ukraine, the Office for the Coordination of Humanitarian Affairs says intense attacks in the south and east of the country this week have killed and injured dozens of civilians and damaged homes, a hospital and schools.
    Authorities and partners on the ground in the southern city of Kherson report that about 20 civilians – including children – were injured in attacks on Monday. At least 280 apartments in 10 buildings were also damaged.
    NGOs have mobilized emergency assistance – including first aid, food kits and shelter materials – to help families cover the damage to their homes as winter approaches.
    Aid workers continue to provide emergency support, including in Chornomorsk Town in the Odesa Region, where attacks yesterday and today injured five civilians and damaged multiple homes and a hospital. Those affected received emergency shelter kits and psychosocial support, as well as child protection and case management services.
    OCHA saus that inter-agency convoys also reached war-affected communities in the Kharkiv and Kherson regions this week, delivering essential hygiene supplies, winter clothes, blankets and charging stations.

    Full Highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=09%20October%202024

    https://www.youtube.com/watch?v=6og5F7aYTRc

    MIL OSI Video

  • MIL-OSI Global: ‘Cajun Navy’ volunteers who participate in search-and-rescue operations after hurricanes are forming long-lasting organizations

    Source: The Conversation – USA – By Kyle Breen, Assistant Professor of Sociology, Texas A&M International University

    Volunteers with Savage Freedoms Relief Operation coordinates aid in Swannanoa, on Oct. 7, 2024, after Hurricane Helene severely damaged the North Carolina town. Allison Joyce/AFP via Getty Images

    The volunteers who take part in search-and-rescue operations and then support disaster survivors belong to organizations that have become more formal and established over the past decade. That’s what we found after spending more than four years volunteering alongside eight of these groups to better understand their role and the motivations of the people who participate in these efforts.

    We did this research as part of a larger team of sociologists, an urban planning scholar and emergency management specialists. All of us worked alongside civilian volunteer search-and-rescue groups from Louisiana and Texas between 2017 and 2022 during and after many hurricanes, including Harvey and Laura, the winter storm known as Uri and other major disasters.

    While we volunteered with these organizations, we observed them in action and interviewed their leaders and volunteers to learn why they were making the time and taking personal risks to save others. Many cited their personal values, expressed their need to belong to a group, and said it had helped them find a sense of purpose. Others shared that they were motivated by their personal circumstances and experiences or feelings of guilt, or that this kind of volunteering gave them a deep sense of satisfaction.

    “I lost everything I owned in Katrina. They deemed my family’s property uninhabitable,” said a boater we’ll call Dylan to protect his anonymity. “I can’t sit here after knowing what it is to lose everything.”

    Some volunteers said that one reason why they have repeatedly done this work is to counter stereotypes about people who engage in these efforts. When he’s heard people say, “Oh you’re just out there, doing it for the spotlight,” said Roger, he told us he wants to respond by saying, “Yeah, dude. If you flood, call me, I’ll come get you.”

    While the organizations we researched were based in Louisiana and Texas, the volunteers who participate in these efforts come from across the U.S. and, in some cases, other countries. One volunteer we met was from the United Kingdom.

    After Hurricane Helene destroyed roads in western North Carolina, rescue squads delivered aid by donkey and helicopter.

    Why it matters

    Since Hurricane Katrina struck the Gulf Coast in 2005, volunteers have been participating in search-and-rescue efforts after big disasters – especially in that region. But these volunteers come from all over.

    Many of these groups are known as “Cajun Navy” organizations. Whether or not these organizations use the Cajun Navy branding in their names they share, a common mission of helping others in emergencies.

    These volunteers aren’t just operating boats and helicopters. Others serve as dispatchers, handle logistics, and run social media operations.

    Over time, some of the organizations have begun to team up with local emergency responders, signing memorandums of understanding with them. They partner with government agencies while assisting in disaster response and relief efforts, but they primarily operate with autonomy and are able to travel where they perceive the need is greatest.

    This kind of group tends to dissolve after a disaster is over, instead of evolving into an established nonprofit.

    But many of the eight groups we studied have become nonprofits or are in the process of doing so.

    How we do our work

    We were able to do this research by becoming volunteers ourselves. We took part in dispatch operations on the ground and remotely, and we supported logistics planning. We also observed and, in some cases, participated in search-and-rescue training and operations in the water and on land.

    The Research Brief is a short take about interesting academic work.

    Kyle Breen received funding from the National Science Foundation for this research. He currently holds funding from the Social Sciences and Humanities Research Council of Canada and the Canadian Institutes of Health Research for other research projects.

    J. Carlee Purdum received funding from The National Science Foundation for this research and for other ongoing projects.

    ref. ‘Cajun Navy’ volunteers who participate in search-and-rescue operations after hurricanes are forming long-lasting organizations – https://theconversation.com/cajun-navy-volunteers-who-participate-in-search-and-rescue-operations-after-hurricanes-are-forming-long-lasting-organizations-240769

    MIL OSI – Global Reports