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Category: Machine Learning

  • MIL-OSI: ING to repurchase shares for employee compensation

    Source: GlobeNewswire (MIL-OSI)

    ING to repurchase shares for employee compensation

    ING announced today the start of a share repurchase programme under which it plans to repurchase ordinary shares of ING Groep N.V., for a maximum total amount of €70 million. The purpose of the share repurchase programme is to meet obligations under ING’s share-based compensation plans.

    The share repurchase will commence on 3 March 2025 and is expected to end no later than 7 March 2025.

    The ECB has approved the repurchase, which will be executed in compliance with the Market Abuse Regulation and within the limitations of the existing authority to acquire a maximum of 20% of the issued shares as granted by the general meeting of shareholders on 22 April 2024.

    More information on our share buyback programmes can be found on the Investor Relations section of the ING website: https://www.ing.com/Investor-relations/Share-information/Share-buyback-programme.htm.

    Note for editors

    For further information on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via the @ING_news X feed. Photos of ING operations, buildings and its executives are available for download at Flickr.

    Press enquiries   Investor enquiries
    Christoph Linke   ING Group Investor Relations
    +31 20 576 5000   +31 20 576 6396
    Christoph.Linke@ing.com   Investor.Relations@ing.com

    ING PROFILE

    ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries.

    ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

    ING aims to put sustainability at the heart of what we do. Our policies and actions are assessed by independent research and ratings providers, which give updates on them annually. ING’s ESG rating by MSCI was reconfirmed by MSCI as ‘AA’ in August 2024 for the fifth year. As of December 2023, in Sustainalytics’ view, ING’s management of ESG material risk is ‘Strong’. Our current ESG Risk Rating, is 17.2 (Low Risk). ING Group shares are also included in major sustainability and ESG index products of leading providers. Here are some examples: Euronext, STOXX, Morningstar and FTSE Russell. Society is transitioning to a low-carbon economy. So are our clients, and so is ING. We finance a lot of sustainable activities, but we still finance more that’s not. Follow our progress on ing.com/climate.

    IMPORTANT LEGAL INFORMATION

    Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014 (‘Market Abuse Regulation’).

    ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’). In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2023 ING Group consolidated annual accounts. The Financial statements for 2024 are in progress and may be subject to adjustments from subsequent events. All figures in this document are unaudited. Small differences are possible in the tables due to rounding.

    Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions and customer behaviour, in particular economic conditions in ING’s core markets, including changes affecting currency exchange rates and the regional and global economic impact of the invasion of Russia into Ukraine and related international response measures (2) changes affecting interest rate levels (3) any default of a major market participant and related market disruption (4) changes in performance of financial markets, including in Europe and developing markets

    (5) fiscal uncertainty in Europe and the United States (6) discontinuation of or changes in ‘benchmark’ indices (7) inflation and deflation in our principal markets (8) changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness (9) failures of banks falling under the scope of state compensation schemes (10) non- compliance with or changes in laws and regulations, including those concerning financial services, financial economic crimes and tax laws, and the interpretation and application thereof (11) geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, including in connection with the invasion of Russia into Ukraine and the related international response measures (12) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks (13) prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on dividends and distributions (also among members of the group) (14) ING’s ability to meet minimum capital and other prudential regulatory requirements (15) changes in regulation of US commodities and derivatives businesses of ING and its customers (16) application of bank recovery and resolution regimes, including write down and conversion powers in relation to our securities (17) outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, including claims by customers or stakeholders who feel misled or treated unfairly, and other conduct issues (18) changes in tax laws and regulations and risks of non-compliance or investigation in connection with tax laws, including FATCA (19) operational and IT risks, such as system disruptions or failures, breaches of security, cyber-attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business and including any risks as a result of incomplete, inaccurate, or otherwise flawed outputs from the algorithms and data sets utilized in artificial intelligence (20) risks and challenges related to cybercrime including the effects of cyberattacks and changes in legislation and regulation related to cybersecurity and data privacy, including such risks and challenges as a consequence of the use of emerging technologies, such as advanced forms of artificial intelligence and quantum computing (21) changes in general competitive factors, including ability to increase or maintain market share (22) inability to protect our intellectual property and infringement claims by third parties (23) inability of counterparties to meet financial obligations or ability to enforce rights against such counterparties (24) changes in credit ratings (25) business, operational, regulatory, reputation, transition and other risks and challenges in connection with climate change and ESG-related matters, including data gathering and reporting (26) inability to attract and retain key personnel (27) future liabilities under defined benefit retirement plans (28) failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines (29) changes in capital and credit markets, including interbank funding, as well as customer deposits, which provide the liquidity and capital required to fund our operations, and (30) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING’s more recent disclosures, including press releases, which are available on www.ING.com.

    This document may contain ESG-related material that has been prepared by ING on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. ING has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness, reasonableness or reliability of such information.

    Materiality, as used in the context of ESG, is distinct from, and should not be confused with, such term as defined in the Market Abuse Regulation or as defined for Securities and Exchange Commission (‘SEC’) reporting purposes. Any issues identified as material for purposes of ESG in this document are therefore not necessarily material as defined in the Market Abuse Regulation or for SEC reporting purposes. In addition, there is currently no single, globally recognized set of accepted definitions in assessing whether activities are “green” or “sustainable.” Without limiting any of the statements contained herein, we make no representation or warranty as to whether any of our securities constitutes a green or sustainable security or conforms to present or future investor expectations or objectives for green or sustainable investing. For information on characteristics of a security, use of proceeds, a description of applicable project(s) and/or any other relevant information, please reference the offering documents for such security.

    This document may contain inactive textual addresses to internet websites operated by us and third parties. Reference to such websites is made for information purposes only, and information found at such websites is not incorporated by reference into this document. ING does not make any representation or warranty with respect to the accuracy or completeness of, or take any responsibility for, any information found at any websites operated by third parties. ING specifically disclaims any liability with respect to any information found at websites operated by third parties. ING cannot guarantee that websites operated by third parties remain available following the publication of this document, or that any information found at such websites will not change following the filing of this document. Many of those factors are beyond ING’s control.

    Any forward-looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.

    This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States or any other jurisdiction.

    Attachment

    The MIL Network –

  • MIL-OSI: Exosens delivers very strong full-year 2024 results, overperforming on its IPO guidance; Sustained growth dynamic anticipated for 2025-2026

    Source: GlobeNewswire (MIL-OSI)

    EXOSENS DELIVERS VERY STRONG FULL-YEAR 2024 RESULTS, OVERPERFORMING ON ITS IPO GUIDANCE

    SUSTAINED GROWTH DYNAMIC ANTICIPATED FOR 2025-2026

    FY 2024 HIGHLIGHTS

    • Strong revenue growth of +35.0%, above IPO guidance, to €394.1m in 2024, reflecting dynamic like-for-like growth (+24.9%) and successful integration of bolt-on acquisitions
    • Significant increase in profitability, with adjusted EBITDA of €118.5m in 2024 (+37.8%), representing a best-in-class margin of 30.1% (vs. 29.5% in 2023), above IPO guidance and above top range of estimated landing given in January 2025
    • Net profit of €30.7m in 2024, recording a strong growth of +66.7% over 2023
    • Robust balance sheet with a net leverage of 1.2x at year-end 2024, enabling the execution of our growth strategy
    • Proposed payment of a €0.10 cash dividend per share for the 2024 fiscal year, for the first time since Exosens’ IPO

    OUTLOOK FOR 2025 AND THE 2024-2026 PERIOD: SUSTAINED GROWTH DYNAMIC DRIVEN BY DEFENSE TAILWINDS

    • Continued strong performance expected in 2025, with revenue growth in the high-teens and adjusted EBITDA growth in the low twenties
    • Global market demand is higher than initially expected, with NATO and Tier-1 allies continuing to ramp up their procurement of night vision systems further improving the perspectives, which implies a high-teens 2024-2026 adjusted EBITDA CAGR
    • In order to meet this demand Exosens decided to invest €20m to expand its production capacity not only in Europe but also in the US with, for the first time, a new production plant in the US, which will give us additional market opportunities

    Mérignac (France), 3 March 2025 – Exosens (EXENS; FR001400Q9V2), a high-tech company focused on providing mission and performance-critical amplification, detection and imaging technology, today publishes its results for the fiscal year ended 31 December 2024. At its 28 February 2025 meeting, Exosens’ Board of Directors approved the consolidated financial statements for 2024.

    “We are pleased to announce our first results as a publicly-listed company, with 2024 performance exceeding our IPO guidance. In a dynamic defense market, driven by rising geopolitical tensions and increasing defense budgets across NATO countries and Tier-1 allies, Exosens fully benefited from these structural trends and is well-positioned to continue doing so. 2024 was a pivotal year, we flawlessly executed our strategy, reinforcing our leadership in mission-critical technologies, surpassing expectations, and further enhancing our best-in-class margins, that set us apart from our peers.

    Amplification remains a key driver of our growth with higher-than-expected market demand, necessitating capacity expansion. As a result, we have decided to scale up capacity in Europe and enter the US market, anticipating sustained mid-term demand and emerging opportunities.

    We are also accelerating the growth of D&I segment, which achieved +7% like-for-like growth in 2024, driven by an improved product mix, market share gains, and successful acquisitions. These markets are benefiting from AI-driven advancements in industrial control, nuclear energy, and healthcare research.

    With a focus on sustainable growth, we remain committed to customer satisfaction, innovation, operational excellence, and disciplined acquisitions. Backed by a strong balance sheet and a dynamic market environment, we are well-positioned to accelerate expansion and create value for both customers and shareholders, including our first dividend payment.”, commented Jérôme Cerisier, CEO of Exosens.

    Key financial indicators

    In € millions FY 2023 FY 2024 Change (%) LFL1(%)
    Revenue 291.8 394.1 +35.0% +24.9%
             
    Adjusted gross margin 131.1 189.6 +44.7% –
    As a % of revenue 44.9% 48.1% +320bps –
             
    Adjusted EBITDA 86.0 118.5 +37.8% –
    As a % of revenue 29.5% 30.1% +60bps –
             
    Adjusted EBIT 66.1 95.3 +44.1% –
    As a % of revenue 22.7% 24.2% +150bps –
             
    Operating income 48.3 73.0 +51.2% –
    As a % of revenue 16.5% 18.5% +200bps –
             
    Net profit 18.4 30.7 +66.7% –
    Net profit ex. PPA amortization 27.8 41.5 +49.2% –
             
    Free cash flow 20.5 55.4 +170.0% –
    Cash conversion (%) 69.3% 74.1% +480bps –
             
    Net debt 302.3 144.1 (47.7)% –
    Leverage ratio (x) 3.3x 1.2x (2.1)x –
    1Like-for-like.

    Strong revenue performance in FY 2024 in a dynamic market environment, outperforming our IPO guidance

    In € millions FY 2023 FY 2024 Change (%) Like-for-like (%)
    Amplification 209.9 280.2 +33.5% +33.5%
    Detection & Imaging 82.5 117.5 +42.5% +6.8%
    Eliminations & Other (0.6) (3.7) n/a n/a
    Total revenue 291.8 394.1 +35.0% +24.9%

    Exosens posted a strong performance in FY 2024, outperforming its IPO guidance and continuing its strong growth trajectory, with consolidated revenue totaling €394.1 million, which represented a significant growth of +35.0% (or +€102.3 million) compared to FY 2023, of which+24.9% year-on-year on a like-for-like basis, mainly driven by a strong demand in Defense end-markets.

    Amplification revenue reached €280.2 million in FY 2024, reflecting a significant growth of +33.5% compared to FY 2023, driven by stronger sales volumes and increased share of higher-performance image intensifier tubes for Defense’s night vision applications.

    The global night vision market is benefiting from growing demand, driven by increasing defense budgets and the need for armies worldwide to enhance their night fighting capabilities, including the ongoing shift from monocular to binocular goggles. The return of high-density combat has underscored the critical importance of night operation abilities as a key tactical advantage. NATO and Tier-1 allies continued to ramp up their procurement of night vision systems in 2024, though they are still far from reaching the targeted equipment rate.

    Reflecting this increasing market demand, Exosens, worldwide leader, has benefited from its position as the strategic supplier of NATO and Tier-1 allies for night vision image intensifier tubes with a number of major business wins in markets such as Germany, the UK, Poland, Belgium, Finland, France or Australia, among others.

    On the M&A front, the Group announced agreement to acquire NVLS, a specialist in man-portable night vision and thermal devices, in October 2024, which will accelerate Exosens’ mid-term capability to develop next gen googles with innovative solutions combining night vision and thermal devices. Closing is expected to occur in the coming months, pending customary clearances and approvals.

    Detection & Imaging revenue totaled €117.5 million in FY 2024, representing an increase of +42.5% compared to FY 2023, mainly driven by a positive product mix and accelerated growth from 2023 bolt-on acquisitions (Telops, El-Mul, and Photonis Germany1).

    Like-for-like growth reached +6.8% in FY 2024, accelerating from the +6.0% recorded in 9M 2024. This strong performance was driven by market share gains following new product launches, as well as growing demand in our key high-growth end markets (Life Sciences, Nuclear and Defense). These factors more than offset the softness in Industrial Control markets (China, machine vision).

    Throughout the year, Exosens continued to execute on its disciplined bolt-on strategy with two synergistic acquisitions: Centronic (radiation detection solutions), in July, reinforcing our position as the key European leader in nuclear instrumentation, and LR Tech (FTIR spectrometry) in September, complementing Telops’ products to strengthen our position in high-end spectroscopy instruments. Additionally, in November, Exosens announced the acquisition of Noxant, a specialist in high-performance cooled infrared cameras, set to close in Q1 2025.

    Significant improvement in adjusted gross margin in FY 2024

      FY 2023 FY 2024 Change
      In €m % of sales In €m % of sales In %
    Amplification 93.3 44.4% 132.4 47.3% +42.0%
    Detection & Imaging 37.7 45.7% 57.1 48.6% +51.6%
    Eliminations & Other 0.1 n/a 0.1 n/a n/a
    Adjusted gross margin 131.1 44.9% 189.6 48.1% +44.7%

    Exosens posted a strong increase in adjusted gross margin at Group level and across both segments in FY 2024, mainly due to higher sales volumes, improved yields and a favorable product mix. The Group’s adjusted gross margin stood at €189.6 million in FY 2024, reflecting a growth of +44.7% compared to FY 2023. Adjusted gross margin rate reached 48.1% in FY 2024, marking a significant improvement of 320 basis points year-on-year.

    Adjusted gross margin of the Amplification segment totaled €132.4 million in FY 2024 (+42.0% vs. FY 2023), representing a margin of 47.3% (vs. 44.4% in FY 2023). This strong increase in margin rate mainly reflected higher sales volumes, improved yields and a favorable product mix.

    Adjusted gross margin of the Detection & Imaging segment amounted to €57.1 million in FY 2024 (+51.6% vs. FY 2023), representing a margin of 48.6% (vs. 45.7% in FY 2023). This improved margin rate was mainly driven by a positive product mix, improved yields and supply-chain cost synergies.

    Continued strong operational execution driving further profitability increase in FY 2024

    Exosens reported a further increase of its profitability at Group level in FY 2024, reinforcing best-in-class margin, driven by strong business momentum and continued operational excellence.

    Adjusted EBITDA amounted to €118.5 million in FY 2024, representing a sharp growth of +37.8% (or +€32.5 million) compared to €86.0 million in FY 2023. As a result, adjusted EBITDA margin improved by 60 basis points to reach 30.1% in FY 2024 (vs. 29.5% in FY 2023).

    Adjusted EBIT totaled €95.3 million in FY 2024, posting a strong growth of +44.1% (or +€29.2 million) compared to €66.1 million in FY 2023. As a result, adjusted EBIT margin increased by 150 basis points to reach 24.2% in FY 2024 (vs. 22.7% in FY 2023).

    The Group’s recorded an operating income of €73.0 million in FY 2024, representing a significant increase of +51.2% (or €24.7 million) compared to €48.3 million in FY 2023. As a percentage of sales, operating margin improved by 200 basis points to reach 18.5% (vs. 16.5% in FY 2023).

    Significant growth in net income, up +67% in FY 2024

    Exosens recorded a significant increase in net profit, reaching €30.7 million in FY 2024, up by +66.7% (or €12.3 million) compared to FY 2023. Adjusted for PPA amortization, net profit was €41.5 million in FY 2024, representing a growth of +49.2% (or €13.6 million) compared to FY 2023.

    Strong increase in free cash flow, up +€35 million in FY 2024

    Exosens recorded a significant increase in free cash flow to €55.4 million in FY 2024 (vs. €20.5 million in FY 2023). This strong increase was achieved despite one-off expenses related to IPO consulting fees. In addition, the Group achieved a higher cash conversion rate of 74.1% in FY 2024 compared to 69.3% in FY 2023, with increased investment towards the end of the year to support future growth.

    Sustained R&D efforts in FY 2024 to support long-term growth and market leadership

    R&D expenses grew by +35.0% to €30.4 million (7.7% of sales) in FY 2024 compared to €22.5 million (7.7% of sales) in FY 2023. Continued efforts in R&D like the development of 5G image intensifier tubes for Defense’s night vision applications, or next gen detectors for Life Sciences and Nuclear will sustain the group’s future growth and maintain its leading positions.

    Completion of the first phase of capacity expansion

    Capital expenditure reached €27.9 million in FY 2024 compared to €23.7 million in FY 2023, marking a reduction in capex to sales ratio to 7.1% (vs. 8.1% in FY 2023) following the completion of capacity expansion resulting from investments started in 2022-2023.

    Strengthened capital structure, fully supporting our growth strategy

    Following Exosens’ successful IPO in June 2024, which included a capital increase of €180 million and a full debt refinancing (securing two new credit facilities of a total amount of €350 million), the Group has significantly deleveraged, with its net debt more than halving to €144.1 million as at 31 December 2024 compared to €302.3 million as at 31 December 2023. Accordingly, the leverage ratio decreased significantly to 1.2x as at 31 December 2024, as compared to a ratio of 3.3x as at 31 December 2023, providing the Group with ample capacity to pursue its investments in growth.

    Dividend

    The Company’s Board of Directors decided, during its meeting on 28 February 2025, to propose the payment of a €0.10 cash dividend per share for the 2024 fiscal year. This amount will be subject to the approval of the Annual General Shareholders’ Meeting, which will take place on 23 May 2025.

    Outlook for 2025 and the 2024-2026 period: Sustained growth dynamic driven by defense tailwinds

    Exosens expects a continued strong performance in 2025, with revenue growth in the high-teens and adjusted EBITDA growth in the low twenties compared to 2024.

    The Group expects a high-teens 2024-2026 adjusted EBITDA CAGR and a cash conversion2ratio in the range of 70%-75% over the period, taking into account capacity investment in Europe and in the US.

    Furthermore, the Group intends to pursue its growth strategy, at a pace consistent with historical trend, while maintaining a leverage ratio3of around 2x.

    Webcast

    Jérôme Cerisier, CEO and Quynh-Boi Demey, CFO will hold a conference call and webcast to discuss Exosens’ full-year 2024 results on Monday, 3 March 2025 at 9:00am CET. This presentation will be followed by a Q&A session and can be accessed via the following link:
    https://channel.royalcast.com/landingpage/exosens-en/20250303_1/

    The press release and the presentation will be available in the Investor Relations section on Exosens’ website at https://www.exosens.com/investors.

    Audit procedures in respect of the consolidated financial statements are complete and the corresponding audit report of the auditors is in the process of being delivered.

    Financial Calendar

    • 28/04/2025: Q1 2025 revenue & adj. gross margin (publication before market opening);
    • 29/04/2025: Publication of 2024 Universal Registration Document;
    • 23/05/2025: Annual general meeting;
    • 31/07/2025: H1 2025 results (publication before market opening);
    • 27/10/2025: Q3 2025 revenue & adj. gross margin (publication before market opening).

    About Exosens

    Exosens is a high‐tech company, with more than 85 years of experience in the innovation, development, manufacturing and sale of high‐end electro‐optical technologies in the field of amplification, detection and imaging. Today, it offers its customers detection components and solutions such as travelling wave tubes, advanced cameras, neutron & gamma detectors, instrument detectors and light intensifier tubes. This allows Exosens to respond to complex issues in extremely demanding environments by offering tailor‐made solutions to its customers. Thanks to its sustained investments, Exosens is internationally recognized as a major innovator in optoelectronics, with production and R&D carried out on 12 sites, in Europe and North America and with over 1,700 employees. Exosens is listed on compartment A of the regulated market of Euronext Paris ﴾Ticker: EXENS – ISIN: FR001400Q9V2﴿. Exosens is a member of Euronext Tech Leaders segment and is also included in several indices, including CAC All-Tradable, CAC Mid & Small, FTSE Total Cap and MSCI France Small Cap. For more information: www.exosens.com.

    Investor Relations

    Laurent Sfaxi, l.sfaxi@exosens.com

    Media Relations

    Brunswick Group, exosens@brunswickgroup.com
    Laetitia Quignon, + 33 6 83 17 89 13
    Nicolas Buffenoir, + 33 6 31 89 36 78

    APPENDICES

    Reconciliation of adjusted EBITDA and adjusted EBIT

    In € millions FY 2023 FY 2024
    Operating profit 48.3 73.0
    Depreciation, amortization and impairment – net 29.2 34.1
    Other income and expenses 4.6 3.9
    EBITDA 82.0 111.0
    Share-based payments 1.6 2.9
    One-off costs 2.4 4.5
    Adjusted EBITDA 86.0 118.5
    Depreciation, amortization and impairment ex. PPA amortization (19.9) (23.3)
    Adjusted EBIT 66.1 95.3

    Reconciliation of free cash flow and cash conversion

    In € millions FY 2023 FY 2024
    Adjusted EBITDA 86.0 118.5
    Capitalized research and development costs (8.6) (11.0)
    Adjusted EBITDA after capitalized R&D costs 77.4 107.5
    Change in working capital4 (21.4) (10.7)
    Tax paid (6.9) (6.7)
    Maintenance capital expenditure4 (6.4) (12.5)
    Others (4.9) (7.0)
    Free cash flow before growth 37.8 70.7
    Growth capital expenditure4 (17.3) (15.3)
    Free cash flow after growth 20.5 55.4
         
    Adjusted EBITDA after capitalized R&D costs and capital expenditure (A) 53.7 79.6
    Adjusted EBITDA after capitalized R&D costs (B) 77.4 107.5
    Cash conversion (%) (A) / (B) 69.3% 74.1%

    Consolidated statement of income

    In € millions FY 2023 FY 2024
    Revenue 291.8 394.1
    Cost of sales (76.0) (103.0)
    Other purchases and external expenses (54.1) (65.5)
    Taxes and duties other than income tax (1.6) (1.6)
    Employee benefits expenses (81.3) (110.8)
    Other operating income / (expenses) 4.4 2.0
    Depreciation, amortization and additions to provisions (30.4) (38.2)
    o/w PPA amortization (9.5) (10.8)
    Current operating profit / (loss) 52.8 76.9
    Current operating profit / (loss) ex. PPA amortization 62.3 87.8
    Other income / (expenses) (4.5) (3.9)
    Operating profit / (loss) 48.3 73.0
    Operating profit / (loss) ex. PPA amortization 57.7 83.8
    Net financial result (28.0) (31.2)
    Profit / (loss) before tax 20.2 41.8
    Profit / (loss) before tax ex. PPA amortization 29.7 52.6
    Income tax (1.8) (11.1)
    Net profit / (loss) 18.4 30.7
    Net profit / (loss) ex. PPA amortization 27.8 41.5

    Consolidated statement of cash flows

    In € millions FY 2023 FY 2024
    Net profit / (loss) 18.4 30.7
    Net financial results 28.0 31.2
    Income tax 1.8 11.1
    Charges net of reversals to depreciation and amortization 30.9 36.9
    Other income / (expenses) (0.2) 2.5
    Income tax received / (paid) (6.9) (6.7)
    Change in net working capital (21.7) (9.5)
    Net cash flow from / (used in) operating activities 50.5 96.2
    Net investments in assets (31.4) (41.3)
    Net acquisition of equity investments (69.3) (31.4)
    Investment grant received and other flows 1.1 (0.0)
    Net cash flow from / (used in) investment activities (99.6) (72.7)
    Capital increases / (decreases) 0.0 180.0
    Acquisitions and disposals of treasury shares 0.0 (0.3)
    Change in financial liabilities and IFRS 16 leases 57.6 (65.1)
    Interest payments (including IFRS 16 leases) (24.4) (24.2)
    Other 2.3 (14.1)
    Net cash flow from / (used in) financing activities 35.5 76.3
    Effect of changes in exchange rates 0.2 0.4
    Increase / (decrease) in cash and cash equivalents (13.5) 100.2
    Cash and cash equivalents at the beginning of the period 29.0 15.5
    Cash and cash equivalents at the end of the period 15.5 115.6

    Consolidated balance sheet – Assets

    In € millions 31-Dec-2023 31-Dec-2024
    Goodwill 174.3 189.5
    Intangible assets 202.4 204.9
    Tangible assets 72.1 93.6
    Right-of-use of leases 10.8 10.6
    Investment in associates 3.4 3.4
    Financial assets and other long-term investments 0.7 0.9
    Deferred tax assets 0.0 (0.0)
    Non-current assets 463.7 502.8
    Inventory 78.5 93.0
    Accounts receivable 69.2 71.0
    Derivative financial instruments 0.2 0.0
    Financial assets and other short-term investments 29.4 33.0
    Cash and cash equivalents5 15.5 117.2
    Current assets 192.7 314.2
         
    Total assets 656.4 817.0

    Consolidated balance sheet – Equity and liabilities

    In € millions 31-Dec-2023 31-Dec-2024
    Share capital 1.9 21.6
    Additional paid-in capital 188.1 342.5
    Reserves 14.1 48.5
    Total equity 204.1 412.6
    Long-term financial debt 300.8 247.8
    Long-term lease liabilities 7.7 8.2
    Pension liabilities 7.6 7.5
    Provisions and other long-term liabilities 8.6 13.4
    Deferred tax liabilities 17.6 20.6
    Non-current liabilities 342.3 297.4
    Short-term financial debt 7.0 2.5
    Short-term lease liabilities 2.4 2.7
    Derivative financial instruments – 0.1
    Accounts payable 32.3 26.0
    Provisions and other short-term liabilities 68.4 75.6
    Current liabilities 110.1 107.0
         
    Total equity and liabilities 656.4 817.0

    Definitions

    Like-for-like growth is the revenue growth achieved by the Group excluding currency impact and scope effect, which corresponds to revenue recorded during period “n” by all the companies included in the Group’s scope of consolidation at the end of period “n-1” (excluding any contribution from the companies acquired after the end of period “n-1”), compared with revenue achieved during period “n-1” by the same companies. Like-for-like growth for the fiscal year ended 31 December 2024 therefore excludes the contribution of Telops, El-Mul and Photonis Germany (formerly ProxiVision), acquired by the Group in October 2023, July 2023 and June 2023, respectively, as well as Centronic and LR Tech, acquired by the Group in July 2024 and September 2024, respectively.

    Adjusted gross margin is equal to the difference between the selling price and the cost price of products and services (including notably employee benefits).

    Adjusted EBITDA is defined as operating profit, less (i) additions net of reversals to depreciation, amortization and impairment of non-current assets; (ii) non-recurring income and expenses as presented in the Group’s consolidated income statement within “Other income” and “Other expenses”, and (iii) the impact of items that do not reflect ordinary operating performance (in particular business reorganization and adaption costs, costs relating to acquisition and external growth transactions, as well as the IFRS 2 share-based payment expense).

    Adjusted EBIT is defined as operating profit, less (i) non-recurring income and expenses as presented in the Group’s consolidated income statement within “Other income” and “Other expenses”, and (ii) the impact of items that do not reflect ordinary operating performance (in particular business reorganization and adaption costs, costs relating to acquisition and external growth transactions, as well as the IFRS 2 share-based payment expense). Depreciation, amortization and reversal of impairment losses on non-current assets, included in adjusted EBIT, exclude the amortization of the part of non-current assets corresponding to purchase price allocation.

    Cash conversion is calculated as follows: (adjusted EBITDA – capitalized research and development costs – capital expenditure) / adjusted EBITDA – capitalized research and development costs).

    Leverage ratio is calculated as net debt / adjusted EBITDA as defined in the Group’s New Senior Credit Facilities Agreement entered into as part of the refinancing executed in the frame of the IPO.

    Forward-looking statements

    Certain information included in this press release are not historical facts but are forward-looking statements. These forward-looking statements are based on current beliefs, expectations and assumptions, including, without limitation, assumptions regarding present and future business strategies and the environment in which Exosens operates, and involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to be materially different from the forward-looking statements included in this press release. These risks and uncertainties include those set out and detailed in Chapter 3 “Risk Factors” of the registration document approved on 22 May 2024 by the French financial markets’ authority (“Autorité des marchés financiers”) under number I. 24-010. Forward-looking statements speak only as of the date of this press release and the Group expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements included in this press release to reflect any change in expectations or any change in events, conditions or circumstances on which these forward-looking statements are based. Forward-looking information and statements are not guarantees of future performances and are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Group. Actual results could differ materially from those expressed in, or implied or projected by, forward-looking information and statements. This press release is provided for information purposes only. It does not constitute and should not be deemed to constitute an offer to the public of securities.

    1 Formerly ProxiVision.
    2 Cash conversion is defined as (adjusted EBITDA – capitalized R&D – capex) / (adjusted EBITDA – capitalized R&D).
    3 Leverage ratio is defined as net financial debt / adjusted EBITDA.
    4 Capital expenditures not paid at year-end 2024 were reclassified in working capital.
    5 As at 31 December 2024, cash and cash equivalents balance sheet position amounts to €117.2 million. Adjusted for bank overdrafts for €0.3 million and interests to be received for €1.2 million, cash and cash equivalents amount to €115.6 million as reported in the cash flow statement.

    Attachment

    The MIL Network –

  • MIL-OSI Economics: Secretary-General of ASEAN delivers video remarks at the Networking Dialogue with the ASEAN Centre for Active Ageing and Innovation (ACAI)

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, delivered a video message at the Networking Dialogue with the ASEAN Centre for Active Ageing and Innovation (ACAI), held at the ASEAN Headquarters/ASEAN Secretariat, Jakarta, on 3 March 2025. In his remarks, Dr. Kao congratulated Dr. Somsak Akksilp on his appointment as Executive Director of ACAI (ED/ACAI) and reaffirmed the regional commitment in preparing ASEAN as underscored by the Kuala Lumpur Declaration on Ageing: Empowering Older Persons in ASEAN in 2015. Dr. Kao added that ACAI exemplifies the ongoing cross-sectoral commitment on ageing and older people. Dr. Kao encouraged a deeper understanding of ACAI’s priority strategies and initiatives through ACAI briefing and called for collective engagement in the realisation of the Centre’s mandate and mission to promote a healthy, active, and productive ageing in ASEAN.

    The post Secretary-General of ASEAN delivers video remarks at the Networking Dialogue with the ASEAN Centre for Active Ageing and Innovation (ACAI) appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: English rendering of PM’s address in NXT Conclave

    Source: Government of India

    Posted On: 01 MAR 2025 2:03PM by PIB Delhi

    Namaskar, 

    ITV Network founder and my colleague in Parliament, Kartikeya Sharma ji, the entire team of the network, all the guests from India and abroad, other dignitaries, ladies and gentlemen, NewsX World’s auspicious beginning and for this I congratulate all of you, my best wishes. Today, all the regional channels of your network including Hindi and English are going global. And today many fellowships and scholarships have also been started. I wish all of you the best for these programs.

    Friends, 

    I have been attending such media events earlier also, but today I feel that you have set a new trend and I congratulate you for this too. Such media events keep happening in our country, and it is a tradition that is continuing. There are some economic topics in it, it is a matter of benefit for everyone, but your network has given it a new dimension. You have worked on a new model by breaking away from the norm. I remember, if I talk about the earlier summits and your summit I have been listening to since yesterday, the earlier summits organised by different media houses have been leader-centric, I am happy that this one is policy-centric, policies are being discussed here. Most of the events that have taken place have been about living the present on the basis of the past. I see that your summit is dedicated to the future. I have seen that in all such programs that I have seen from afar or have attended myself, the importance of controversy was more there, here the importance of dialogue is more. And I firmly believe that all the events that I have attended are held in a small room and have their own people. Seeing such a huge event here and that too the event of a media house and people from all walks of life being here, is a big thing in itself. It is possible that other media people will not get any masala (scoop) from here, but the country will get a lot of inspiration, because the thoughts of every person who comes here will be thoughts that inspire the country. I hope that in the coming days other media houses will also adopt this trend, this template, in their own way and make it innovative and at least come out of that small room.

    Friends, 

    Today the whole world is looking at 21st century India, people from all over the world want to come to India, want to know India. Today India is the country in the world where positive news is being created continuously. There is no need to manufacture news, where new records are being made every day, something new is happening. Just on 26 February, the Maha Kumbh of unity was concluded in Prayagraj. The whole world is surprised that how in a temporary city, a temporary arrangement, crores of people came to the banks of the river, travelled hundreds of kilometers and got filled with emotions after taking a holy bath. Today the world is seeing India’s organising and innovating skills. We are manufacturing everything from semiconductors to aircraft carriers right here. The world wants to know about this success of India in detail. I think that this NewsX World is a very big opportunity in itself.

    Friends, 

    Just a few months ago, India conducted the world’s largest elections. After 60 years, it happened that a government in India has returned to power for the third consecutive time. The basis of this public trust are India’s many achievements in the last 11 years. I am confident that your new channel will take India’s real stories to the world. Without adding any colour, your global channel will show the picture of India as it is, we do not need makeup.

    Friends, 

    Many years ago, I had presented the vision of Vocal for Local and Local for Global to the country. Today we are seeing this vision turning into reality. Today our Ayush products and Yoga have gone from Local to Global. Go anywhere in the world, you will find someone who knows Yoga, my friend Tony is sitting here, he is a daily Yoga practitioner.  Today, India’s superfood, our Makhana, is going global from local. India’s millets – Shreeanna, are also going global from local. And I have come to know that my friend, Tony Abbott, has had first-hand experience of Indian millets at Delhi Haat, and he liked the millet dishes very much and I felt very happy to hear this.

    Friends, 

    Not only millets, India’s turmeric has also gone from local to global, India supplies more than 60 percent of the world’s turmeric. India’s coffee has also gone from local to global, India has become the world’s seventh largest coffee exporter. Today India’s mobiles, electronic products, medicines made in India are making their global identity. And along with all this, one more thing has happened. India is leading many global initiatives. Recently I got a chance to go to the AI ​​Action Summit in France. India was the co-host of this summit which is taking the world towards the AI ​​future. Now India has the responsibility of hosting it. India organised such a wonderful G-20 Summit during its presidency. During this summit, we gave the world a new economic route in the form of India-Middle East-Europe Corridor. India also gave a strong voice to the Global South, we have connected the island nations and their interests to our priority. India has given the vision of Mission Life to the world to deal with the climate crisis. Similarly, International Solar Alliance, Coalition for Disaster Resilient Infrastructure, there are many such initiatives which India is leading globally. And I am happy that today when many brands of India are going global, the media of India is also going global. It is understanding this global opportunity.

    Friends, 

    For decades, the world used to call India its back office. But today, India is becoming the new factory of the world. We are not just becoming a workforce, but a world-force! Today, the country is becoming an emerging export hub for the things that we once imported. The farmer who was once limited to the local market, today his crop is reaching the markets of the whole world. The demand for Pulwama’s Snow Peas, Maharashtra’s Purandar Figs and Kashmir’s Cricket Bats is now increasing in the world. Our Defence products are showing the world the power of Indian Engineering and technology. From the Electronics to Automobile Sector, the world has seen our scale and capability. We are not only providing our products to the world, India is also becoming a trusted and reliable partner in the global supply chain.

    Friends, 

    If we have become a leader in many sectors today, then it is because of years of well deliberated hard work. This has been possible only due to systematic policy decisions. Look at the journey of 10 years, where bridges were incomplete, roads were stuck, today dreams are moving ahead at a new pace. With good roads, excellent expressways, both travel time and cost have reduced. This has given the industry an opportunity to reduce the turnaround time of logistics. Our automobile sector got a huge benefit from this. This increased the demand for vehicles, we encouraged the production of vehicles and EVs. Today we have emerged as a major automobile producer and exporter in the world.

    Friends, 

    A similar change has been seen in electronics manufacturing. In the last decade, electricity reached more than 2.5 crore households for the first time. The demand for electricity increased in the country, production increased, which increased the demand for Electronic Equipment. When we made data cheaper, the demand for mobile phones increased. As more and more services were brought on mobile phones, the consumption of digital devices increased further. By turning this demand into an opportunity, we started programs like PLI Schemes. Today, India has become a major electronics exporter.

    Friends, 

    Today India is able to set very big targets and is achieving them, so there is a special mantra at the core of this. This mantra is – minimum government, maximum governance. This is the mantra of efficient and effective governance. That means no interference from the government, no pressure from the government. I will give you an interesting example. In the last decade, we have abolished about 1500 laws that have lost their importance. It is a big deal to abolish 1500 laws. Many of these laws were made during British rule. Now I will tell you something, you will be surprised to hear that there was a law called dramatic performance act, this law was made by the British 150 years ago, at that time the British wanted that drama and theatre should not be used against the then government. There was a provision in this law that if 10 people were found dancing in a public place, they could be arrested. And this law continued for 75 years after the country got independence. That is, if there is a wedding procession and 10 people are dancing, the police can arrest them including the groom. This law was in force for 70-75 years after independence. This law was removed by our government. Now, we have borne this law for 70 years, I have nothing to say to the government of that time, those leaders, they are sitting here too, but I am more surprised by this Lutyens’ group, this Khan Market gang. Why were these people silent on such a law for 75 years? Those who go to court every day, who roam around like contractors of PIL, why were these people silent? Did they not remember liberty then? If someone thinks today, what would have happened if Modi had made such a law? And these trollers on social media, if they too had spread such false news that Modi was going to make such a law, these people would have created a ruckus, would have pulled Modi’s hair.

    Friends, 

    It is our government that has abolished this law from the times of slavery. I will give another example of bamboo, bamboo is the lifeline of our tribal areas, especially the North East. But earlier, you were sent to jail even for cutting bamboo, why was the law made now? Now, if I ask you, is bamboo a tree? Some will believe that it is a tree, some will believe that it is a tree, you will be surprised that even after 70 years of independence, the government of my country believed that bamboo is a tree, and therefore, just as cutting trees was prohibited, cutting bamboo was also prohibited. There was a law in our country which considered bamboo to be a tree, and all the laws for trees were applicable to it, it was difficult to cut it. Our earlier rulers could not understand that bamboo is not a tree. The British may have had their own interests, but why did we not do it? Even the decades old law related to bamboo was changed by our own government.

    Friends, 

    You must remember how difficult it was for a common man to file ITR 10 years ago. Today you file ITR in a few moments and the refund is also deposited directly in the account within a few days. Now the process of making the law related to income tax even simpler is going on in the Parliament. We have made income up to Rs. 12 lakh tax free, yes now there is applause, you did not applaud the bamboo because it belongs to the tribals. And this is going to benefit especially the media personnel, the salaried class like you. The youth who are doing their first and second jobs, their aspirations are also different, their expenses are also different. They should fulfil their aspirations, their savings should increase, the budget has helped a lot in this. Our aim is to give the people of the country Ease of Living, Ease of Doing Business, give them open skies to fly. Today see how many start-ups are taking advantage of geospatial data. Earlier, if someone had to make a map, they had to take permission from the government. We changed this and today our start-ups and private companies are making excellent use of this data.

    Friends,

    India, which gave the world the concept of Zero, is today becoming the land of Infinite Innovations. Today India is not just innovating but also indovating. And when I say indovate, it means – Innovating The Indian Way. Through indovating, we are creating solutions that are affordable, accessible and adaptable. We are not gate-keeping these solutions but have offered them to the entire world. When the world wanted a secure and cost-effective digital payment system, we created the UPI system. I was listening to Professor Carlos Montes, he seemed very impressed with the people-friendly nature of technology like UPI. Today, countries like France, UAE, Singapore are integrating UPI in their financial ecosystem. Today, many countries of the world are making agreements to join our digital public infrastructure, India Stack. During the Covid pandemic, our vaccine showed the world the model of India’s Quality Healthcare Solutions. We also open-sourced the Arogya Setu app so that the world can benefit from it. India is a major space power; we are also helping other countries to achieve their space aspirations. India is also working on AI for Public Good and is also sharing its experience and expertise with the world.

    Friends,

    ITV Network has launched many fellowships today. India’s youth is the biggest beneficiary of developed India and also the biggest stakeholder. Therefore, India’s youth is a very big priority for us. National Education Policy has given children an opportunity to think beyond books. Children are getting ready for the field of AI and Data Science by learning coding from middle school itself. Atal Tinkering Labs are giving children hands-on experience of emerging technologies. Therefore, in this year’s budget, we have announced to create 50 thousand new Atal Tinkering Labs.

    Friends,

    In the world of news, you people take subscriptions from different agencies, this helps you in getting better news coverage. Similarly, in the field of research, students need more and more information sources. For this, earlier they had to take subscriptions of different journals at expensive rates, they had to spend money themselves. Our government has freed all researchers from this worry too. We have brought One Nation One Subscription. With this, every researcher of the country is sure to get free access to the world’s renowned journals. The government is going to spend more than 6 thousand crore rupees on this. We are ensuring that every student gets the best research facilities. Be it space exploration, biotech research or AI, our children are emerging as future leaders. Dr. Brian Green has met the students of IIT and astronaut Mike Massimino went to meet the students of Central School and as he said, his experience has been really wonderful. The day is not far when a big innovation of the future will come out of a small school in India.

    Friends,

    Let the flag of India fly on every global platform, this is our aspiration, this is our direction.

    Friends,

    This is not the time to think small and take small steps. I am happy that as a media organisation, you too have understood this sentiment. You see, till 10 years ago you used to think about how to reach different states of the country, how to make your media house reach, today you too have gathered the courage to go global. This inspiration, this pledge, should be the one of every citizen, every entrepreneur today. My dream is that there should be some Indian brand in every market of the world, in every drawing room, on every dining table. Made in India – should become the mantra of the world. If someone is ill, he should first think about – Heal in India. If someone wants to get married, he should first think about – Wed in India. If someone wants to travel, he should put India on top of his list. If someone wants to hold a conference or an exhibition, he should come to India first. If someone wants to hold a concert, he should first choose India. We have to develop this strength, this positive attitude in ourselves. Your network and your channel will play a big role in this. The possibilities are infinite, now we have to turn them into reality with our courage and determination.

    Friends,

    India is moving ahead with the resolve to become a developed India in the next 25 years. You too should move ahead with the resolve to bring yourself on the world stage as a media house. I believe that you will definitely succeed in this. I once again convey my best wishes to the entire team of ITV Network and I also congratulate the participants who have come from the country and the world, their views have definitely strengthened a positive thinking, I am thankful for this too, because when the pride of India increases, every Indian feels happy and proud and for this I thank them all very much. Namaskaram.

     

    DISCLAIMER: This is the approximate translation of PM’s speech. Original speech was delivered

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Dr. Ann Liebert, Adjunct Senior Lecturer, University of Sydney, Visits Jan Aushadhi Kendra at AIIMS, New Delhi

    Source: Government of India (2)

    Dr. Ann Liebert, Adjunct Senior Lecturer, University of Sydney, Visits Jan Aushadhi Kendra at AIIMS, New Delhi

    Pradhan Mantri Bharatiya Janaushadhi Pariyojana is an amazing initiative that can be represented in many countries: Dr. Ann Liebert

    Dr Liebert commends the efforts of the Government of India in ensuring affordable and high-quality medicines reach citizens

    Posted On: 01 MAR 2025 6:13PM by PIB Delhi

    Dr. Ann Liebert, Adjunct Senior Lecturer at the University of Sydney, visited the Jan Aushadhi Kendra at AIIMS, New Delhi, to gain insights into the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) and explore potential avenues for knowledge-sharing and collaboration in the field of affordable healthcare solutions. Dr. Ann is on a visit to Delhi for a media conclave.

    Pradhan Mantri Bharatiya Janaushadhi Pariyojana (PMBJP) is an amazing initiative that can be represented in many countries, said Dr. Ann. She added that there are many remote communities in Australia that don’t have easy access to pharmacies, and this model of PMBJP could be followed there to provide affordable medicine.

    Dr. Ann Liebert commended the efforts of the Government of India in ensuring affordable and high-quality medicines reach citizens. She emphasized that universal access to essential medicines is critical for public health and expressed her appreciation for India’s commitment to this cause.

    Dr. Liebert was provided an overview of the Jan Aushadhi initiative, explaining its core objective of making quality generic medicines accessible at affordable prices, where she was given a guided tour of the Kendra, where she observed the range of PMBJP products and gained a deeper understanding of their impact on public healthcare in India.

    A short film showcasing the Jan Aushadhi initiative was also presented, covering the operational framework and reach of Jan Aushadhi Kendras; efficient supply chain management & expansion strategy and affordability, accessibility & stringent quality control of medicines.

    ​Dr. Liebert expressed keen interest in the Jan Aushadhi POS (Point of Sale) software and its role in streamlining the distribution and allocation of medicines. PMBI officials highlighted the robust quality assurance protocols under PMBJP, including procurement from WHO-GMP certified manufacturers and a two-tier quality check with NABL-accredited laboratories before distribution.

    Concluding her visit, Dr. Liebert engaged with the pharmacists and staff at the Jan Aushadhi Kendra, appreciating their dedication to making quality healthcare accessible to all.

    The visit ended on a highly positive note, reinforcing the significance of international collaboration in advancing affordable healthcare solutions.

     *****

    MV/AKS

    (Release ID: 2107339) Visitor Counter : 37

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Shri Jayant Chaudhary launches Swavalambini, a Women Entrepreneurship Programme

    Source: Government of India (2)

    Shri Jayant Chaudhary launches Swavalambini, a Women Entrepreneurship Programme

    Programme simultaneously launched at Chaudhary Charan Singh University, Meerut and other Higher Education Institutes across India

    MSDE and NITI Aayog join hands in this transformational initiative to promote and nurture entrepreneurial aspirations among women

    Posted On: 01 MAR 2025 6:09PM by PIB Delhi

    Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with NITI Aayog, launched Swavalambini— a Women Entrepreneurship Programme at Chaudhary Charan Singh University, Meerut, taking a significant step towards strengthening women entrepreneurship in India. This initiative empowers female students in Higher Education Institutions (HEIs) by providing them with the necessary entrepreneurial mindset, resources, and mentorship to successfully build and scale their ventures.

    Minister of State (I/C) for Skill Development and Entrepreneurship (MSDE) and MoS for Education Shri Jayant Chaudhary during his address, said “The Swavalambini Women Entrepreneurship Programme is an initiative aimed at empowering young women with the skills and confidence needed to establish their own businesses. We want to move beyond programmes that enlist women as beneficiaries of the schemes, we want to move to women-led development initiatives and this is our Prime Minister Shri Narendra Modi’s conceptualisation as well. Women’s participation is crucial for India’s progress. Imagine the limitless possibilities if we break barriers and provide women with the right resources, training, and financial support, we can unlock their true potential. Women’s empowerment is not just an economic necessity but a social transformation. When a woman is empowered, she uplifts her family, her community, and the entire nation.”

    Shri Jayant Chaudhary also added, “The Government of India has consistently focused on providing equal opportunities to youth of India through the National Education Policy which has given them the vision to learn and excel in their careers. We look forward to introducing a curriculum with AI related courses in schools and colleges, to create awareness and upskill the youth of our country”

    Under the aegis of MSDE and implemented by the National Institute for Entrepreneurship and Small Business Development (NIESBUD) and in joint partnership with NITI Ayog, Swavalambini aims to establish a structured and stage-wise entrepreneurial journey for young women. The programme will take participants through various stages, including awareness-building, skill development, mentorship, and funding support. By promoting and recognising promising women-led ventures, the initiative seeks to set a benchmark for the future of women entrepreneurship in India.

    Following its successful introduction across several HEIs in the Eastern region, including IIT Bhubaneswar and Utkal University in Odisha; North-Eastern Hill University (NEHU), Shillong; Kiang Nangbah Government College, Jowai and Ri Bhoi College in Meghalaya; Mizoram University; Government Champhai College, Champhai and Lunglei Government College in Mizoram; Handique Girls’ College, Guwahati; Dispur College and Gauhati University in Assam, among others, Swavalambini is now being expanded to other regions of the country.

    The event also marked the virtual launch of Swavalambini in Banaras Hindu University (BHU), University of Hyderabad, and Maulana Azad National Urdu University, thereby extending the reach of this initiative across different regions of the country.

    The programme introduces a structured, multi-stage training approach to help young women transition from ideation to successful enterprise creation. It begins with an Entrepreneurship Awareness Programme (EAP), a two-day workshop designed to introduce around 600 female students to fundamental entrepreneurial concepts, market opportunities, and essential business skills. This is followed by the Women Entrepreneurship Development Programme (EDP), a 40-hour training initiative for 300 selected students. The EDP covers critical aspects of business development, finance access, market linkages, compliance, and legal support. Additionally, a six-month mentorship and handholding support system has been incorporated to help participants transform their ideas into sustainable business ventures.

    To ensure long-term impact, the programme also includes a Faculty Development Programme (FDP), where faculty members from participating HEIs undergo a five-day training session. This initiative equips educators with the necessary skills to mentor and guide aspiring women entrepreneurs within their institutions. Furthermore, Swavalambini will recognise and reward successful women entrepreneurs emerging from the programme through the Award to Rewards Initiative, inspiring future participants. The programme will leverage workshops, seed funding, and structured mentoring to support the growth of women-led enterprises.

    By advocating an ecosystem that nurtures women entrepreneurs, Swavalambini is poised to create a significant impact in North India and beyond. The initiative aspires to see at least 10% of the EDP-trained participants establish successful enterprises, contributing to the larger vision of a self-reliant, women-led entrepreneurial landscape in India. With the launch in Meerut, Varanasi and Telangana and the successful implementation in the East, the programme continues to empower women as business leaders, innovators, and change makers. Through structured training, mentorship, and policy support, Swavalambini is set to redefine the future of women entrepreneurship in the country.

    TWO MOU SIGNING

    Marking the occasion, the National Institute for Entrepreneurship and Small Business Development (NIESBUD) has signed two MoUs with the Skills Development Network (SDN), an Indian Trust registered under the Foreign Contribution (Regulations) Act, 2010 and implementing partner of Wadhwani Foundation in India; and with Chaudhary Charan Singh University, Meerut, to enhance entrepreneurial skills, develop curricula, and promote self-employment through training, workshops, and incubation support, thereby strengthening entrepreneurship education and ecosystem development for economic growth.

    WEF2025 REPORT LAUNCH

    Shri Jayant Chaudhary, also launched a report on his participation at the World Economic Forum 2025—”LEADING WITH VISION FOR SKILLS AND INNOVATION.” The booklet highlights India’s transformative advancements in skill development and innovation, reinforcing the nation’s commitment to equipping its workforce with future-ready capabilities. The report outlines key insights shared across roundtables and panel discussions held at WEF2025 on emerging job trends, industry collaborations, and India’s role in shaping the global skilling agenda.

    Dr. Laxmikant Bajpai, MP, Rajya Sabha; Dr. Raj Kumar Sangwan, MP, Lok Sabha, Baghpat; Shri. Chandan Chauhan, MP, Lok Sabha, Bijnor; Shri. Dharmendra Bharadwaj, MLC, Uttar Pradesh; Shri. Haji Ghulam Muhammad, MLA Siwalkhas, Meerut; Shri. Atul Pradhan, MLA, Sardhana, Meerut; Shri. Gaurav Chaudhary, Jila Panchayat Adhyaksh, Meerut; Shri. Amit Agarwal, MLA, Meerut Contonment, Meerut and partner institutions, graced the occasion.

    Joint Secretary, Ministry of Skill Development and Entrepreneurshuip, Shri Shreeshail Malge, Smt Sangeeta Shukla,Vice Chancellor, Chaudhary Charan Singh University, Meerut and other officials of the MSDE were also present on the occasion.

    ******

    Pawan Singh Faujdar/Divyanshu Kumar

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Text of the Vice-President’s address at the Colloquium on ‘International Arbitration: Indian Perspective’ organised by India International Arbitration Centre (Excerpts)

    Source: Government of India

    Posted On: 01 MAR 2025 2:41PM by PIB Delhi

    Good Morning all of you,

    When Chairman, International Arbitration Centre of India extended invitation to me, I had a very frank, forthright thought exchange with him.

     I indicated to Justice Gupta that he has a daunting task to impart much needed credibility to the Indian arbitral system. I was so happy and delighted when he reflected that some step has to be taken. I still recall what he told me. Realistic assessment of a malice and authentic diagnosis is fundamental and quintessence to find a resolution. My response was not encouraging.

     Justice Gupta was insistent. I reacted. Justice Gupta, when UNCITRAL Model came in 1994, UK and India were two countries that had historical connect and had legislation in the same year-1996, but look at the kind of jolts our Act has had ever since then. And compare it with what happened in the United Kingdom, and therefore, to impart credibility and to undertake this very daunting task, there will have to be convergence of stakeholders.

     Those stakeholders are in the legislature, in the executive, in the judiciary, and in the bar. I am so happy and delighted that he has taken the first step, and in the process, though I may be blowing out of proportion, but for a country that is home to one-sixth of humanity, this may be that step which Neil Armstrong took on 20th of July, 1969, when man landed on the moon for the first time. So my best wishes to you.

    I continue to have my concerns and reservations that every inch you will traverse will be difficult. And therefore, my caveat to what the Attorney General reflected, we are not in the global room of arbitration. We are far distant from it. We have to go much beyond our words. Our convergence will have to be on realistic fabric.

     Each one of us will have to contribute, and when we’ll self-assess, we will find we have been in neglect, and therefore, Justice Gupta, I have known him for a very long time. He means business. I therefore compliment him for getting sponsors, Baker, McKinsey, Miss Samantha Mobley, Miss Minnie Van De Pol. Your presence matters because it was in late 90s I had the occasion to attend a conference in your organisation about the state of arbitral position.

     Our Attorney General is as much in law as in academics, and my expectations from him are always more. But I can tell you and share with you, my expectations from the Attorney General are realistic. And I am sure he would carry a message from this place that he will use his office to catalyse the change, particularly with respect to legislation that is ailing our arbitral process with painful interventions that evade finality and expedition.

     I am happy to greet your Secretary General, Asian African Legal Consultative Organisation, Dr. Kamalinne Pinitpuvadol. I recall vividly what happened in G20. It was Prime Minister Modi’s vision and he succeeded in getting African Union as a permanent member of G20. European Union was already a member. When we examine this development in historical perspective, we will realise the qualitative import of it.

     Added to this, an attorney was keenly involved with that process also to put on global radar the concerns of Global South. You were there in some conferences involving members of Judiciary in the past, and therefore, indeed, a good convergence, soothing convergence Asian-African aspect. This forum has brought together accomplished minds, but I find absence of some as impactful as presence of those who are here.

     I had expected there will be greater participation of those who are reaping the harvest, those who are occupying the century stage, who happen to be your peers. In a country like ours, change takes place only when we slightly depart from formality and talk straight. But I have no doubt that this step that has generated confidence and optimism in me and I would be certainly a soldier of your agenda that the deliberations would go a long way and I would urge let the deliberations not end with this colloquium.

     Let there be extension of brainstorming sessions between individuals. We have some of the finest minds here. When I look around, when I look at my friend senior advocate, Gaurav Bannerjee look at his lineage, how many times we have discussed passionately in mission mode and then rested because handholding has to be by government stakeholders. Handholding has to be by law. Handholding has to emanate from people whose pen matters, and therefore, Justice Gupta has taken a big challenge and every challenge has inbuilt potential opportunity.

     I have no doubt we will so convert. I need not underscore the relevance of arbitral process, its need, but in our country and I can say with modest exposure to global arbitral process, I think being in the International Court of Arbitration for about three years and associated with the commission of that outfit for about nine years. Here, we are not to regain credibility. We have to establish credibility of arbitration. There is a moment subterranean where people in commerce fear arbitral process and that has to be overcome. Arbitrators play as much critical role as members of the board associated with arbitral process.

     Surprisingly, there is, I’m saying it with utmost restraint, absolute tight-fist control of a segment of a category that is involved with arbitral process determination and this tight-fist control emanates out of judicial fields and if we examine it on an objective platform, it is excruciatingly painful. This country has a rich human resource in every facet, Oceanography, Maritime, Aviation, Infrastructure and what not and the disputes are relatable to the experience which is sectoral.

     Unfortunately, we have taken in this country a very myopic view of arbitration as if it is adjudication. It is much beyond adjudication. It is not conventional adjudication as historically evaluated globally. I am enthused in making these observations because Justice Gupta’s mind is stirred by these thoughts. With all my intent not to come here, I have to yield under the pressure of his determination. Now if any country needs smoothest of judicial process, it is India, and India needs it more than any other country for several reasons.

     And why? We are a country that is on the rise. The rise is unstoppable. The rise is incremental. Ladies and gentlemen, let me reflect on the state of the nation at the moment, and I do it on some authority because I had the occasion to be in Parliament in 1989, in seat of governance as a Minister, 1991. I therefore know what the scene was then and what the scene is now.

     Exponential economic upsurge that we are witnessing. India has transformed from 11th economy a decade ago to the 5th largest global economy on way to becoming the 3rd largest ahead of Japan and Germany very shortly.

     We have 8% growth heading towards 4 trillion economy US dollars. Get little away from it. Phenomenal infrastructure growth. Those who have been to this country a decade ago and now and this very place you can see how swiftly it came or Yashobhoomi, or Indian Parliament building newer even in the phase of COVID our Highways, our Aviation sector, our Space sector, our Deep sea sector. So we have phenomenal infrastructure growth. We have 4 new airports and 1 metro system built every year. Which country in the world can do it?

     Daily 14 km of highways and world class Highways and 6 km of Eailways. A nation of 1.4 billion has deep technological penetration. 85 million have been benefited with affordable housing. 330 million with health coverage and 29 million small businesses with loans annually.

    I am giving out these figures because they have rational and rational to the extent arbitral process is concerned. Where the nation is heading? We boast of lunar and mars missions, vaccine productions, we are focussing on Semiconductors, Quantum Computing, green Hydrogen Mission. We are in single digit countries least that is focussing on artificial intelligence. We are one of the few countries in the world that is on way to exploitation of 6G commercially. And look at our spread of 4G all over the country. Every village has it. And therefore, we have all pervasive digitisation. 6.1 billion monthly digital transactions.

     Third largest global ecosystem and the largest Unicorn–Well spread out. People centric policies. Toilet in the house, gas connection in the house, electricity connection in the house, internet connection in the house, road connection, everything is there. And therefore, this development of a decade has converted India as the most aspirational nation in the world. People are now rest even in restlessness. They want more. They want more because they have tasted development. They have benefited from people centric policies. All this can come up only with the surge in economic activity. And every economic activity will have differences, disputes, requiring quick solutions.

     Sometimes, disputes and differences arise on account of perceptional variations, inadequate support, or helplessness. In this situation, it is very significant that we focus on adjudication. Now is the time when India is emerging in every field globally. Why not India should emerge as a global dispute resolution centre? If I reflect to myself and I enormously benefited by my stay as a member in the International Court of Arbitration.

     What do they have which we don’t? Their infrastructure is hardly comparable to what we have. There are cultural centres where arbitrators can really engage. Go to Kolkata, go to Jaipur, go to Bangalore, Hyderabad, Chennai, any part, get away from the metro then you’ll have. I have seen in 10 years growth of arbitral centres with credibility in Dubai and Singapore on self-assessment without fear of contradiction. For this reason, I can say we are nowhere.

     We are not in the mind of people who are having commercial relationship with us if it is international commercial arbitration. There was a time when this country had for the first time a power purchase agreement. My friend Gaurav Banerjee will bear me out. The agreement was settled by a law firm outside the country, but Justice Gupta, it provided for tariff on three terms. One tariff was A, if arbitration is in India as per Indian law, then the tariff will be cheaper by A minus 1. If the arbitration is in India but not according to Indian law. It will still be cheaper if the arbitration was outside India and under outside legal regime. That we have to change, and this finds reflection in power purchase agreement of UNRWA.

     We when are particularly suited naturally, culturally and otherwise the richest human resource on the globe with highest adaptability of Indian mind to highly skilled required techniques and that is why you will find formal economy taking place on account of digital transactions, therefore, time for us to get into a groove to be part of the marathon march that is taking place in the country for India to be a developed nation and India is no longer a country with potential and developed nation status is not our dream it is our destination, and all world organisations that in ‘90 when I was a part of the government were absolutely on us are accolading us global centre favourite centre of Investment and opportunity– International Monetary Fund says World Bank has applauded us that our digitisation accomplished in about six years is not otherwise attainable even in more than four decades we have done it.

     And therefore we will have to go to certain basics I can suggest some, A Former Chief Justice of this country, I am not concerned about the legacy left or the footprints, the nature of which he left but he did make an observation process has become old boys club he was referring to retired judges participation arbitral process.

     I should not be misunderstood even for a moment retired judges of this country are an asset to arbitral process they lend credibility to us. I know some of the former Chief Justices and Judges being absolutely appreciated globally for international commercial arbitration – Justice Lodha, Justice Thakur.

     Let me tell you amazing all of the judges justice everyone is doing I am not for a moment saying keep away from them, No!

     But there are areas where the arbitral tribal needs to be supplemented by experts in the field of Oceanography in Aviation in Infrastructure our judges are perhaps the best in the world. They apply mind, and therefore not for a moment, I should be misunderstood. I do not share the observation of the former Chief justice of old boys’ club. Justice Gupta is immediately suited going by his passion and commitment for bringing about a big change, but I am taking a critic’s view and critic’s view is that the Attorney General of the country can really reflect and make a big change this country in the world tell me has suo-moto cognisance by the highest court.

     I am sure I can’t look around, and Article 136 intervention was supposed to be a narrow slit. The wall has been demolished with anything and everything under the sun including what a Magistrate has to do, What a Sessions Judge as to do, what a District Judge has to do, what a High Court judge has to do, that wall demolition is also hurting Arbitral process.

     All I am suggesting in all humility and a concerned citizen of this country that the issue which you are debating is of critical importance to Micro-small industries they want facile easy arbitral process. For want of time I would not be able to say all I wish to say, and since I have shared my thoughts in private with Justice Gupta, I would concludingly sum up.

     Let us navigate because it is time for us to navigate step by step from alternative resolution to amicable resolution. Why should it be alternative it must be first option why should it be substitute to litigation so amicable resolution from dispute resolution to difference resolution why do we label it, dispute these are differences these are differences because a new person has taken to a particular enterprise in Make in India, he has engaged in a startup. there is some difference this difference he wants to iron out because he is not all in all.

     He can’t have various departments and therefore, let us convert it from dispute resolution to difference resolution and then why resolution? Why not make it from resolution to settlement and why look for judicially enforceable package of Awards. Let us get into consensual convergence.

     All these in my modest assessment will secure commercial partnerships. They will not break partnerships. They will nurture partnerships in commerce, business, trade and industry they will ensure their blossoming. This will augur well for the economic growth and this will also place us in the global arbitration room where presently we are far distanced.

     At the moment, ladies and gentlemen, I have no doubt, let me make my mind clear in a concluding sentence: the arbitral process in our country is just an additional burden to the normal hierarchical mechanism of adjudication. I am grateful to the opportunity accorded to me by Justice Gupta. I wish him good luck and I stand committed to be at your disposal in any manner you feel appropriate or expedient.

    Ladies and gentlemen, thank you so much for your time and patience.

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Towards a Fit and Healthy India: Combating Obesity Through Collective Action

    Source: Government of India (2)

    Posted On: 01 MAR 2025 10:41AM by PIB Delhi

    “By making small changes in our food habits, we can make our future stronger, fitter and disease-free.”

    • Prime Minister, Shri Narendra Modi

     

    Introduction

    Obesity has become a major public health challenge in India, affecting people across all age groups and increasing the risk of non-communicable diseases (NCDs) such as diabetes, heart disease, and hypertension. Driven by unhealthy diets, sedentary lifestyles, and environmental factors, obesity is rising at an alarming rate, impacting both urban and rural populations. The shift towards processed foods, reduced physical activity, and lifestyle changes has further contributed to this growing crisis.

     

    Recognizing the urgency of this issue, Prime Minister Narendra Modi, in his recent Mann Ki Baat address, emphasized the need for nationwide awareness and collective action to reduce obesity, particularly through lower edible oil consumption. He nominated prominent individuals across India to lead an awareness movement. This call for collective action highlights the importance of tackling obesity at both individual and community levels, reinforcing the need for a fitter and healthier India. The Government of India has launched several initiatives, including the Fit India Movement, NP-NCD, POSHAN Abhiyaan, Eat Right India, and Khelo India, to promote healthier lifestyles, better nutrition, and physical activity. These programs aim to encourage long-term behavioural change, ensuring a healthier future for all. As India moves towards Amrit Kaal, a whole-of-government and whole-of-society approach is being adopted to tackle obesity through policy reforms, community engagement, and regulatory measures. Strengthening public health systems, promoting sustainable food habits, and increasing awareness are key to reversing this trend and safeguarding future generations from obesity-related health risks.

    Understanding Obesity: Definition and Causes

    What is Obesity?

    According to the World Health Organization (WHO), obesity is defined as an abnormal or excessive fat accumulation that presents a risk to health. The commonly used metric to classify obesity is Body Mass Index (BMI), where a BMI of 25 or above is considered overweight, and a BMI of 30 or above is classified as obese. In India, a person is considered overweight if their Body Mass Index (BMI) is between 23.0 and 24.9 kg/m², and obese if their BMI is 25 kg/m² or higher. Morbid obesity occurs when a person’s BMI is 35 or more.

    What is BMI?

    Body Mass Index (BMI), previously known as the Quetelet index, is a simple way to check if an adult has a healthy weight. It is calculated by dividing a person’s weight in kilograms by their height in meters squared (kg/m²). To find BMI, take a person’s weight (kg) and divide it by their height (m) squared.

    Healthy BMI Range
    A normal BMI falls between 18.5 and 24.9, based on the World Health Organization (WHO) guidelines.

    Global Statistics

    The prevalence of overweight and obesity has been rising steadily among both adults and children worldwide. Between 1990 and 2022, the percentage of children and adolescents (aged 5–19 years) with obesity increased fourfold, from 2% to 8%. During the same period, the proportion of adults (aged 18 and older) with obesity more than doubled, rising from 7% to 16%.

    India’s Obesity Statistics

    • As per the National Family Health Survey (NFHS)-5 (2019-21), overall, 24% of Indian women and 23% of Indian men are overweight or obese
    • As per the NFHS-5, (2019-2021) in the category of ages 15-49 years, 6.4 % of women and 4.0 % of men, are obese.
    • There has also been an increase in the percentage of children under 5 years who are overweight (weight-for-height) from 2.1 percent in NFHS-4 (2015-16) to 3.4 percent in NFHS-5 (2019-21) at All-India level.

    Key Factors Driving the Rise of Obesity in India

    Government of India’s Strategic Framework for Obesity Prevention

    Policy Innovations and Measurable Outcomes

     

    Recognizing obesity as a critical public health concern, the Government of India has launched comprehensive, multi-pronged initiatives to prevent, manage, and reduce obesity at all levels. The interventions are strategically designed by multiple ministries to promote a holistic approach that integrates health, nutrition, physical activity, food safety, and lifestyle modifications. These efforts can be categorized under the following key intervention areas:

     

    1. Ministry of Health and Family Welfare (MoHFW) – Strengthening Public Health Responses

    1.1 National Programme for Prevention and Control of Non-Communicable Diseases (NP-NCD) 

    In India, non-communicable diseases (NCDs) cause 63% of all deaths, according to WHO’s 2018 – NCD India profile. The leading causes are cardiovascular diseases (27%), followed by chronic respiratory diseases (11%), cancers (9%), diabetes (3%), and other conditions, including obesity (13%).

    Non-communicable diseases (NCDs) such as cardiovascular diseases, cancers, diabetes, and chronic respiratory diseases are largely driven by modifiable lifestyle factors, including tobacco use, unhealthy diets, physical inactivity, and alcohol consumption. Air pollution further increases the risk. These factors contribute to obesity, high blood pressure, elevated blood sugar, and raised cholesterol levels, all of which significantly increase the likelihood of developing NCDs. Since many of these risk factors are preventable, addressing obesity and unhealthy habits can play a crucial role in reducing the burden of NCDs.

    The Department of Health and Family Welfare under the National Programme for Prevention and Control of Non-Communicable Diseases (NCDs) (NP-NCD) through the National Health Mission (NHM), aims to promote health through behaviour change by engaging communities, civil society, media, and development partners. It focuses on screening, early diagnosis, management, referral, and follow-up at all healthcare levels to ensure continuous care. The program also strengthens the capacity of healthcare providers for prevention, treatment, rehabilitation, awareness (IEC/BCC), monitoring, and research. Additionally, it enhances supply chain management for essential drugs, equipment, and logistics while ensuring effective supervision, evaluation, and nationwide implementation through a uniform ICT system.

    Mortality due to Non Communicable Diseases in India

    Key Components

    • Facilities Established Under NPCDCS – 682 District NCD Clinics, 191 District Cardiac Care Units, 5,408 CHC NCD Clinics. 
    • Preventive Care & Awareness – Implemented through Ayushman Bharat HWCs with wellness activities & community outreach.

    2. Ministry of AYUSH: Promoting Traditional & Holistic Wellness Practices

    The Ministry of Ayush has implemented several initiatives to address obesity and promote effective weight management through Ayurveda:

     

    1. Specialized Ayurvedic Care: The All India Institute of Ayurveda (AIIA) in New Delhi offers specialized treatments for obesity and related lifestyle disorders. These treatments combine Panchakarma therapies, Ayurvedic medications, personalized dietary guidelines, and yoga therapy. To date, approximately 45,000 patients with diabetes and metabolic disorders have benefited from these services.

     

    1. Research and Evidence Generation: The Central Council for Research in Ayurvedic Sciences (CCRAS) conducts research to validate the safety and efficacy of Ayurvedic interventions for lifestyle disorders, including obesity. Studies have demonstrated that practices such as Dincharya (daily regimen), Ritucharya (seasonal regimen), Ahara (dietary guidelines), and Yoga are effective in maintaining overall health and preventing conditions like obesity.
    2. Ayurswasthya Yojana: This Central Sector Scheme, operational since FY 2021-22, includes the ‘Ayush and Public Health’ component aimed at promoting AYUSH interventions in community healthcare. The scheme supports projects focused on managing lifestyle disorders and non-communicable diseases (NCDs), with 11 projects currently addressing issues such as obesity, diabetes, hypertension, and osteoporosis.
    3. Collaborative Research Efforts: The Ministry has partnered with the Council of Scientific and Industrial Research (CSIR) to enhance scientific research in Ayurveda. This collaboration focuses on developing and implementing research programs that integrate traditional Ayurvedic knowledge with modern science, particularly in managing lifestyle disorders like obesity.

    Through these comprehensive measures, the Ministry of Ayush is actively contributing to the prevention and management of obesity, promoting a holistic approach to health and well-being.

     

    3. Ministry of Women and Child Development:

    POSHAN Abhiyaan : Preventing Childhood Obesity

     

    POSHAN Abhiyaan, launched on 8th March 2018, is the Government of India’s flagship initiative for holistic nourishment. It aims to improve nutritional outcomes for children, adolescent girls, pregnant women, and lactating mothers by fostering a convergent ecosystem that enhances nutrition content, delivery, and awareness to combat malnutrition and promote overall wellness.

     

     

    Key Components of POSHAN Abhiyaan & Poshan 2.0

     

    POSHAN Abhiyaan adopts a holistic approach to tackle malnutrition through technology-driven monitoring, multi-ministerial collaboration, and community engagement under the Jan Andolan Movement. It promotes Poshan Vatikas (Nutri-Gardens) for homegrown nutrition, strengthens Anganwadi services and adolescent health under Mission Saksham Anganwadi & Poshan 2.0 (2021), and integrates AYUSH-based wellness practices. The program emphasizes maternal and child nutrition, dietary diversity, and food fortification, encouraging millet consumption and nutrient-rich diets to combat anemia and deficiencies.

     

    4. Ministry of Youth Affairs and Sports: Fostering a Culture of Physical Fitness

    4.1 Fit India Movement: A Mass Fitness Revolution 

    • Launched by PM Narendra Modi in 2019, the Fit India Movement promotes active lifestyles and encourages individuals to incorporate fitness into daily routines.
    • Key Components:
      • Fit India School Certification for schools incorporating physical activity in their curriculum.
      • Fit India Sundays on Cycle initiative promoting cycling and walking in urban spaces 

    Dr. Mansukh Mandaviya, Union Minister of Youth Affairs and Sports, inaugurated the ‘Fit India Cycling Drive’

    • Community-led fitness programs such as mass yoga sessions, running clubs, and workplace fitness challenges.

    4.2 Khelo India Programme: Building an Active Generation

    The Khelo India – National Programme for Development of Sports was launched in 2016-17 to promote sports participation at all levels, from schools to elite competitions, by fostering a culture of athletic excellence across the country. It focuses on providing top-notch training and world-class infrastructure to young athletes, ensuring they receive the necessary resources to excel in their respective sports. The scheme ensures equal sports opportunities across rural and urban India.

     

    Major Achievements:

    5. Food Safety and Standards Authority of India (FSSAI): Regulating Food for Public Health

    5.1 Eat Right India Movement (FSSAI): Reforming Food Choices for a Healthier Future 

    The Eat Right India movement, initiated by the Food Safety and Standards Authority of India (FSSAI), encompasses several key initiatives aimed at ensuring safe, healthy, and sustainable food for all. Below are the primary initiatives:

    Key Initiatives of Eat Right India

     

    Supply-Side Initiatives:

    • Food Safety Training and Certification (FoSTaC): The Food Safety Training and Certification (FoSTaC) certificate is issued by FSSAI, certifying food safety supervisors in every food business.
    • Certification Programs: Ensures hygiene in street food hubs, markets, stations, and places of worship.
    • Hygiene Rating: Rates restaurants, catering services, sweet shops, and meat vendors on hygiene standards.

     

    Demand-Side Initiatives:

    • Consumer Awareness: Promotes food safety through Eat Right Campus & Eat Right School programs.
    • Adulteration Detection: Provides DART Book & Magic Box for home and school food testing.

     

    Food Safety DART Book – The Detect Adulteration with Rapid Test (DART) booklet provides over 50 easy household tests to detect food adulteration using simple solutions. Freely downloadable for public awareness, it cannot be used for commercial purposes or imply FSSAI endorsement.

     

    Food Safety Magic Box – FSSAI’s Food Safety Magic Box-Companion Book is a learning tool for schools, teachers, and parents, featuring 102 simple tests to detect food adulterants, along with a companion guidebook.

     

             FOOD SAFETY-MAGIC BOX                                    FOOD SAFETY – DART BOOK

     

    • Mobile Testing: Deploys Food Safety on Wheels for remote-area testing & training.
    • Food Fortification: Promotes fortified staples to tackle micronutrient deficiencies.

    The Food Safety & Standards Authority of India (FSSAI) plays a pivotal role in guiding public dietary choices and regulating food safety standards to combat obesity and lifestyle-related diseases.

    5.2 Nationwide Awareness Campaign – ‘Aaj Se Thoda Kam’
    To encourage healthier eating habits, FSSAI launched the ‘Aaj Se Thoda Kam’ campaign, urging consumers to gradually reduce their intake of fat, sugar, and salt. This multimedia campaign includes:

    • Short educational videos with subtitles in 12 languages to reach a diverse audience.
      1. Flyers, banners, and audio clips reinforcing the message of mindful eating.
      2. A dedicated ‘Eat Right India’ website, offering valuable resources for making informed dietary changes.

     

     

    5.3 Regulating High Fat, Salt, and Sugar (HFSS) Foods
    FSSAI, in collaboration with the ICMR-National Institute of Nutrition (NIN), has recommended mandatory labeling of High Fat, Salt, and Sugar (HFSS) foods. This initiative aims to:

    1. Ensure clear front-of-pack labeling on ready-to-eat foods.
    2. Help consumers make informed choices and moderate their intake of unhealthy foods.

    5.4 Multi-Platform Public Awareness Initiatives
    The Government, with FSSAI’s leadership, has been actively spreading awareness through:

    a. Print, electronic, and social media campaigns educating the public on healthier food choices.

    b. Integration with the National Programme for Prevention and Control of Cancer, Diabetes, Cardiovascular Diseases, and Stroke (NPCDCS), which supports state-level awareness activities on obesity prevention and healthy living.

    5.5 RUCO Initiative

    FSSAI’s RUCO (Repurpose Used Cooking Oil) initiative ensures that used cooking oil is not re-entered into the food chain but is safely repurposed. When oil is repeatedly used for frying, harmful Total Polar Compounds (TPC) form, increasing the risk of diseases like hypertension, atherosclerosis, and liver disorders. To protect public health, FSSAI has set a 25% TPC limit beyond which oil must not be used. Under the EEE Strategy (Education, Enforcement, Ecosystem), used cooking oil is collected by aggregators from food businesses and redirected for biodiesel or soap production, promoting health, energy security, and environmental sustainability.  

    Conclusion

     

    Obesity is a pressing public health challenge in India, but the nation is actively addressing it through a comprehensive, multi-sectoral approach. Under the leadership of Prime Minister Narendra Modi, the Government of India has launched strategic interventions integrating health, nutrition, fitness, and regulatory measures. Initiatives such as the Fit India Movement, NP-NCD, POSHAN Abhiyaan, Eat Right India, and Khelo India are fostering a culture of health consciousness, preventive care, and active living. As India moves towards Amrit Kaal, the vision of a Fit and Healthy India is becoming a reality. With sustained commitment, cross-sector collaboration, and active citizen participation, the country is well-positioned to reverse obesity trends and safeguard future generations. By prioritizing awareness, lifestyle changes, and policy-driven action, India can set a global example in tackling obesity—building a nation that thrives on wellness, vitality, and holistic well-being.

     

    References

    · https://pib.gov.in/PressReleseDetailm.aspx?PRID=2105618&reg=3&lang=1

    · https://www.who.int/health-topics/obesity#tab=tab_1

    · https://www.who.int/europe/news-room/fact-sheets/item/a-healthy-lifestyle—who-recommendations#:~:text=Note.,osteoarthritis%2C%20some%20cancers%20and%20diabetes.

    · https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1823047

    · https://sansad.in/getFile/loksabhaquestions/annex/1712/AU3780.pdf?source=pqals – LOK SABHA UNSTARRED QUESTION NO. 3780

    · https://ncdc.mohfw.gov.in/wp-content/uploads/2024/11/Obesity-English.pdf

    · https://mohfw.gov.in/sites/default/files/NP-NCD%20Operational%20Guidelines_0.pdf

    · https://pib.gov.in/PressReleasePage.aspx?PRID=1812388

    · https://sansad.in/getFile/annex/267/AU168_aJuwFy.pdf?source=pqars – RAJYA SABHA UNSTARRED QUESTION NO. 168

    · https://x.com/moayush/status/1771778688310210809/photo/1

    · https://www.mygov.in/campaigns/poshan-abhiyaan-2024/

    · https://x.com/PIBWCD/status/1702599507563946219

    · https://pib.gov.in/PressReleasePage.aspx?PRID=1910409

    · https://fitindia.gov.in/

    · https://fitindia.gov.in/fit-india-school-registration

    · https://pib.gov.in/PressReleasePage.aspx?PRID=2105644

    · https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2085581

    · https://pib.gov.in/PressReleasePage.aspx?PRID=2078544

    · https://x.com/kheloindia/header_photo

    · https://pib.gov.in/PressReleasePage.aspx?PRID=1740750

    · https://eatrightindia.gov.in/eri-initiatives.jsp

    · https://foodsafetystandard.in/eat-right-india/

    · https://eatrightindia.gov.in/eri-initiatives.jsp

    · https://foodsafetystandard.in/eat-right-india/

    · https://www.fssai.gov.in/book-details.php?bkid=363

    · https://www.fssai.gov.in/book-details.php?bkid=346

    · https://eatrightindia.gov.in/eatrightschool/assets/resource/file/fs_magicbox.pdf

    · https://eatrightindia.gov.in/EatRightIndia/images/gallery/books/aaj_se_thoda_kam.jpg

    · https://westregion.fssai.gov.in/RUCO.php

    · https://eatrightindia.gov.in/ruco/

    Click here to download PDF

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    Santosh Kumar/ Ritu Kataria / Vatsla Srivastava

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Shri Jyotiraditya Scindia to Represent India’s Rise on the Global Stage at Mobile World Congress 2025

    Source: Government of India (2)

    Shri Jyotiraditya Scindia to Represent India’s Rise on the Global Stage at Mobile World Congress 2025

    Curtain Raiser of India Mobile Congress 2025 and Bharat Pavilion to be inaugurated

    Participation in MWC 2025 cements India’s role as Global Leader in Digital & Mobile Ecosystem

    India is rapidly evolving into a global technology hub and engagement at events like the MWC 2025 vital for accelerating innovation and strengthening digital infrastructure: Shri JM Scindia

    Shri JM Scindia to Address Key Sessions on Global Tech Governance and Balancing Innovation at MWC 2025

    Posted On: 01 MAR 2025 9:07AM by PIB Delhi

    Shri Jyotiraditya Scindia, Hon’ble Union Minister for Communications, will represent India at the prestigious Mobile World Congress (MWC) 2025, one of the world’s largest and most influential technology and telecommunications events, scheduled from March 3-6, 2025 in Barcelona, Spain.

    He will also unveil the curtain raiser of India Mobile Congress 2025 and inaugurate the ‘Bharat Pavilion’ at the Mobile World Congress (MWC).

    The India Mobile Congress is platform that highlight India’s innovation ecosystem, and leading telecom companies and innovators showcase their cutting-edge advancements and sustainable solutions. The Bharat Pavilion will feature 38 Indian telecom equipment manufacturers showcasing their state-of-the-art products, both hardware and software.

    Minister’s participation underscores India’s growing role as a global leader in the digital and mobile ecosystem. His presence will highlight India’s commitment to digital transformation, innovation, and fostering international collaborations in communications and technology.

    During his visit, the Minister of Communications will engage with global industry leaders, policymakers, and innovators to explore cutting-edge developments in 5G, AI(artificial intelligence),6G, Quantum and next-generation mobile technologies. The event will serve as a platform for discussing key trends shaping the mobile industry and will spotlight India’s digital ambitions.

    Speaking about his visit, Shri Scindia said, “India is rapidly evolving into a global technology hub, and our engagement with international partners at events like the Mobile World Congress is vital for accelerating innovation and strengthening digital infrastructure. I look forward to exchanging ideas with global experts and discussing opportunities for collaboration in the mobile and telecommunications sector.”

    The Minister is also expected to address several key sessions, including ‘Global Tech Governance: Rising to the Challenge’ and ‘Balancing Innovation and Regulation: Global Perspectives on Telecom Policy.’

    The participation in Mobile World Congress 2025 in Barcelona is expected to bring together top executives, visionaries, and innovators from across the globe, offering a a platform for strategic collaborations, knowledge exchange, and showcasing India’s technological leadership

     

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    Samrat/Dheeraj/Allen

    (Release ID: 2107175) Visitor Counter : 72

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: English rendering of PM’s speech at ‘Jahan-e-Khusro 2025’ programme in Delhi

    Source: Government of India

    Posted On: 28 FEB 2025 10:10PM by PIB Delhi

    Dr. Karan Singh Ji, Muzaffar Ali Ji, Meera Ali Ji, other dignitaries, ladies and gentlemen present in the programme! 

    It is very natural to be happy after coming to Jahan-e-Khusrau today. The spring that Hazrat Amir Khusrau was crazy about, that spring is not only present in the season here in Delhi today, but is also present in the atmosphere of Jahan-e- Khusrau. In the words of Hazrat Khusrau-

    (Mustard is blooming in the entire forest, Mango tree is blooming, Tesu is blooming, cuckoo is singing from branch to branch…)

    The atmosphere here is indeed something like this. Before coming to the gathering, I had the opportunity to visit the market (Tah Bazaar). After that, I also exchanged greetings with some friends in Bagh-e-Firdaus. Now, Nazar-e-Krishna and the various events that took place, amidst the inconveniences the mike has its own strength for the artist, but even after that, whatever they tried to present with the help of nature, they too might have been a little disappointed. Those who had come to enjoy this event may have been disappointed. But sometimes such occasions leave us with a lesson in life. I believe that today’s occasion will also leave us with a lesson.

    Friends, 

    Such occasions are important for the country’s art and culture, they also provide solace. This series of Jahan-e- Khusrau is completing 25 years. The fact that this event has made a place in the minds of people in these 25 years is in itself its biggest success. I congratulate Dr. Karan Singh Ji, my friend Muzaffar Ali Ji, sister Meera Ali Ji and other associates for this. I wish the Rumi Foundation and all of you the very best of luck for this bouquet of Jahan-e-Khusrau to keep blooming like this. The holy month of Ramadan is also about to begin. I wish Ramadan Mubarak to all of you and all the countrymen. Today I have come to Sunder Nursery, so it is quite natural for me to remember His Highness Prince Karim Aga Khan. His contribution in decorating and beautifying Sunder Nursery has become a boon for millions of art lovers.

    Friends, 

    Sarkhej Roza has been a major center of Sufi tradition in Gujarat. At one point of time, its condition had deteriorated due to the blows of time. When I was the Chief Minister, a lot of work was done on its restoration and very few people would know that there was a time when Krishna Utsav was celebrated with great pomp and show in Sarkhej Roza and it was made in large quantities and even today we were all immersed in the colour of Krishna devotion here. I also used to participate in the annual Sufi music programme held in Sarkhej Roza on an average. Sufi music is a shared heritage that we all have lived together. We all have grown up like this. Now the presentation of Nazar-e-Krishna here also reflects our shared heritage.

    Friends, 

    There is a different fragrance in this event of Jahan-e-Khusrau. This fragrance is of the soil of Hindustan. That Hindustan which Hazrat Amir Khusrau compared to heaven. Our Hindustan is that garden of heaven, where every colour of culture has flourished. There is something special in the nature of the soil here. Perhaps that is why when the Sufi tradition came to India, it also felt as if it had become connected with its own land. Here, the spiritual talks of Baba Farid gave peace to the hearts. The gatherings of Hazrat Nizamuddin lit the lamps of love. The words of Hazrat Amir Khusrau strung new pearls and the result that came out was expressed in these famous lines of Hazrat Khusrau.

    (The birds of the forest have gone mad, Sanware played such a beautiful flute, the tune of each string is unique, All the branches of the forest are dancing.)

    The Sufi tradition created a distinct identity for itself in India. Sufi saints did not limit themselves to mosques or khanqahs, they read the letters of the Holy Quran and also listened to the Vedas. They added the sweetness of devotional songs to the sound of the Azan and hence what the Upanishads called एकं सत् विप्रा बहुधा वदन्ति (Ekam Sat Vipra Bahudha Vadanti) in Sanskrit, Hazrat Nizamuddin Auliya said the same thing by singing Sufi songs like हर कौम रास्त राहे, दीने व किब्‍ला गाहे (Har Qaum Raast Rahe, Deen-e-Kibla Gahe). Different language, style and words but the message is the same. I am happy that today Jahan-e-Khusrau has become a modern identity of the same tradition.

    Friends, 

    The civilization and culture of any country gets its voice from its songs and music. It gets its expression through art. Hazrat Khusrau used to say that there is a hypnotism in this music of India, such a hypnotism that the deer in the forest used to forget the fear of their life and become still. Sufi music came as a different flow in this ocean of Indian music and it became a beautiful wave of the ocean. When those ancient streams of Sufi music and classical music joined each other, we got to hear a new sound of love and devotion. This is what we found in Hazrat Khusrau’s Qawwali. This is where we found Baba Farid’s couplets. Bulleh Shah’s voice, Mir’s songs, here we found Kabir, Rahim and Raskhan. These saints and Aulias gave a new dimension to devotion. Whether you read Surdas or Rahim and Raskhan or you listen to Hazrat Khusrau with your eyes closed, when you go deep, you reach the same place. This place is the height of spiritual love where human restrictions are broken and the union of man and God is felt. You see, our Raskhan was a Muslim, but he was a Hari devotee. Raskhan also says- प्रेम हरी को रूप है, त्यों हरि प्रेम स्वरूप। एक होई द्वै यों लसैं, ज्यौं सूरज अरु धूप॥ That is, both love and Hari are the same form, like the sun and the sunshine and Hazrat Khusrau also had this feeling. He had written खुसरो दरिया प्रेम का, सो उलटी वा की धार। जो उतरा सो डूब गया, जो डूबा सो पार।। That is, only by immersing in love, the barriers of discrimination are crossed. We have also felt the same in the grand presentation that took place here.

    Friends, 

    The Sufi tradition has not only bridged the spiritual distances between humans, but has also reduced the distances in the world. I remember when I went to the Parliament of Afghanistan in 2015, I remembered Rumi there in very emotional words. Eight centuries ago, Rumi was born in the Balkh province there. I would definitely like to repeat a Hindi translation of Rumi’s writings here because these words are equally relevant even today. Rumi had said, give importance to words, not to voice, because flowers are born in rain, not in storm. I remember one more thing of his, if I say it in local words, it means, I am neither from the east nor from the west, neither I came from the sea nor I came from the land, there is no place for me, there is none, I do not belong to any place, that is, I am everywhere. This thought, this philosophy is not different from our spirit of Vasudhaiva Kutumbakam. These thoughts give me strength when I represent India in different countries of the world. I remember, when I went to Iran, during the joint press conference I recited a couplet of Mirza Ghalib there

    That is, when we wake up, we see the distance between Kashi and Kashan is only half a step. Indeed, in today’s world, where war is causing such a great loss to humanity, this message can be very useful.

    Friends, 

    Hazrat Amir Khusrau is called ‘Tuti-e-Hind’. The songs he sang in praise of India, in love for India, the description of the greatness and charm of Hindustan is found in his book Nuh-Sipihr. Hazrat Khusrau described India as greater than all the big countries of the world of that time. He called Sanskrit the best language in the world. He considered the sages of India to be greater than the great scholars. How did the knowledge of zero, mathematics, science and philosophy in India reach the rest of the world? How did Indian mathematics reach Arabia and became known as Hindsa there? Hazrat Khusrau not only mentions it in his books, but is also proud of it. If we are familiar with our past today when so much was destroyed during the long period of slavery, then the writings of Hazrat Khusrau have a big role in it.

    Friends, 

    We have to keep enriching this heritage. I am satisfied that the efforts like Jahan-e-Khusrau are fulfilling this responsibility very well and doing this work continuously for 25 years is not a small feat. I congratulate my friend very much. I once again congratulate all of you for organising this event. Despite some difficulties, I got some opportunity to enjoy this function, for this I express my heartfelt gratitude to my friend. Thank you very much! Thank you very much!

    DISCLAIMER: This is the approximate translation of PM’s speech. Original speech was delivered

    MIL OSI Asia Pacific News –

  • MIL-OSI China: Tsinghua University to launch new school for AI talent development

    Source: China State Council Information Office 2

    China’s prestigious Tsinghua University announced Sunday that it will establish a new undergraduate school focused on developing talent in artificial intelligence (AI).
    The university plans to enroll about 150 students in the new school this year.
    The new school will emphasize AI’s role in education and research, integrating AI with multiple disciplines. It aims to develop a new model for AI-driven education while training students with strong AI literacy, technical expertise and innovative capabilities.
    According to the university’s academic affairs office, Tsinghua has already made strides in AI education. It has introduced 117 pilot courses and 147 classes incorporating AI-driven teaching methods. It has also developed tools such as intelligent teaching assistants, lesson-planning aids and automated grading systems. 

    MIL OSI China News –

  • MIL-OSI China: Chinese firms to increase investment in responsible AI

    Source: China State Council Information Office

    Chinese companies plan to invest more in responsible artificial intelligence measures as the responsible development and use of data and AI becomes a critical enabler for organizations to gain a competitive edge through innovation, according to a report released by global consultancy Accenture.

    About 47 percent of Chinese companies see responsible AI as a strategic tool for AI-related revenue growth, the report said. Responsible AI refers to taking intentional actions to design, deploy and use AI to create value and build trust by protecting against the potential risks of AI.

    Only 31 percent of Chinese companies are currently investing more than 20 percent of their AI budget on responsible AI measures. However, 83 percent of Chinese companies plan to allocate more than 20 percent of their AI budget toward such measures in the next two years, the report said.

    Companies across the Asia-Pacific are accelerating AI adoption to drive productivity and revenue growth, and 9 out of 10 organizations plan to use agentic AI models in the next three years.

    However, organizations are yet to operationalize the responsible AI capabilities that are needed to scale AI and realize its full potential, and only 1 percent of organizations report being prepared for the risks related to compliance, privacy and data among other AI risks.

    While overall, more Asian companies are on the right path in terms of both organizational maturity and operational maturity (20 percent) but in China, the companies on right path are fewer (13 percent).

    More efforts are needed to establish AI governance and principles, conduct AI risk assessments, enable systemic responsible AI testing, as well as implement ongoing monitoring and compliance, Accenture said.

    “As businesses across the Asia-Pacific region deal with change and disruption, they recognize that success lies in embracing flexibility and finding new sources of efficiency and growth by using technology,” said Ryoji Sekido, CEO of Accenture Asia Oceania, adding they have increased their investments in AI, but the majority are finding it difficult to extract the right value from this investment.

    “To effectively scale AI, particularly generative and agentic AI, businesses need to invest in building trust among their people and their customers, ensure they have the right data foundation, and operationalize responsible AI. That’s the only way of creating long term, sustainable value,” Sekido said.

    MIL OSI China News –

  • MIL-OSI: ING acquires stake in Van Lanschot Kempen

    Source: GlobeNewswire (MIL-OSI)

    ING acquires stake in Van Lanschot Kempen

    ING announced today that it has reached an agreement with Reggeborgh Groep B.V. on the acquisition of a 17.6% stake in Van Lanschot Kempen N.V., a specialist wealth manager serving Private, Institutional and Investment banking clients, operating predominantly in the Netherlands and Belgium. Together with an existing 2.7% stake, ING will hold a 20.3% stake in Van Lanschot Kempen after completion of the transaction.

    “Van Lanschot Kempen is a respected, listed, well-capitalised, profitable wealth manager with a strong specialist position in amongst others the Netherlands and Belgium. Their history goes back almost three centuries. Acquiring this stake presents an attractive financial opportunity and with this transaction we are executing on our goal to enhance our position in private banking and wealth management,” said ING CEO Steven van Rijswijk. “We see this transaction as a long-term financial investment and we support Van Lanschot Kempen’s management, recognising the strong progress in the execution of their strategy.”

    Under the terms of the agreement, ING has directly acquired a stake of 7.2%, bringing its stake in Van Lanschot Kempen to 9.9%. The remainder of the transaction is subject to regulatory approval. The transaction is expected to have a minimal impact on ING’s CET1 ratio.

    Note for editors

    For more on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom. Photos of ING operations, buildings and its executives are available for download at Flickr.

    ING PROFILE

    ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries.

    ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

    ING aims to put sustainability at the heart of what we do. Our policies and actions are assessed by independent research and ratings providers, which give updates on them annually. ING’s ESG rating by MSCI was reconfirmed by MSCI as ‘AA’ in August 2024 for the fifth year. As of December 2023, in Sustainalytics’ view, ING’s management of ESG material risk is ‘Strong’. Our current ESG Risk Rating, is 17.2 (Low Risk). ING Group shares are also included in major sustainability and ESG index products of leading providers including Euronext, STOXX, Morningstar and FTSE Russell.

    IMPORTANT LEGAL INFORMATION

    Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014 (‘Market Abuse Regulation’).

    ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’). In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2023 ING Group consolidated annual accounts. The Financial statements for 2024 are in progress and may be subject to adjustments from subsequent events. All figures in this document are unaudited. Small differences are possible in the tables due to rounding.

    Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions and customer behaviour, in particular economic conditions in ING’s core markets, including changes affecting currency exchange rates and the regional and global economic impact of the invasion of Russia into Ukraine and related international response measures (2) changes affecting interest rate levels (3) any default of a major market participant and related market disruption (4) changes in performance of financial markets, including in Europe and developing markets (5) fiscal uncertainty in Europe and the United States (6) discontinuation of or changes in ‘benchmark’ indices (7) inflation and deflation in our principal markets (8) changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness (9) failures of banks falling under the scope of state compensation schemes (10) non- compliance with or changes in laws and regulations, including those concerning financial services, financial economic crimes and tax laws, and the interpretation and application thereof (11) geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, including in connection with the invasion of Russia into Ukraine and the related international response measures (12) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks (13) prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on dividends and distributions (also among members of the group) (14) ING’s ability to meet minimum capital and other prudential regulatory requirements (15) changes in regulation of US commodities and derivatives businesses of ING and its customers (16) application of bank recovery and resolution regimes, including write down and conversion powers in relation to our securities (17) outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, including claims by customers or stakeholders who feel misled or treated unfairly, and other conduct issues (18) changes in tax laws and regulations and risks of non-compliance or investigation in connection with tax laws, including FATCA (19) operational and IT risks, such as system disruptions or failures, breaches of security, cyber-attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business and including any risks as a result of incomplete, inaccurate, or otherwise flawed outputs from the algorithms and data sets utilized in artificial intelligence (20) risks and challenges related to cybercrime including the effects of cyberattacks and changes in legislation and regulation related to cybersecurity and data privacy, including such risks and challenges as a consequence of the use of emerging technologies, such as advanced forms of artificial intelligence and quantum computing (21) changes in general competitive factors, including ability to increase or maintain market share (22) inability to protect our intellectual property and infringement claims by third parties (23) inability of counterparties to meet financial obligations or ability to enforce rights against such counterparties (24) changes in credit ratings (25) business, operational, regulatory, reputation, transition and other risks and challenges in connection with climate change and ESG-related matters, including data gathering and reporting (26) inability to attract and retain key personnel (27) future liabilities under defined benefit retirement plans (28) failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines (29) changes in capital and credit markets, including interbank funding, as well as customer deposits, which provide the liquidity and capital required to fund our operations, and (30) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING’s more recent disclosures, including press releases, which are available on www.ING.com.

    This document may contain ESG-related material that has been prepared by ING on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. ING has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness, reasonableness or reliability of such information.

    Materiality, as used in the context of ESG, is distinct from, and should not be confused with, such term as defined in the Market Abuse Regulation or as defined for Securities and Exchange Commission (‘SEC’) reporting purposes. Any issues identified as material for purposes of ESG in this document are therefore not necessarily material as defined in the Market Abuse Regulation or for SEC reporting purposes. In addition, there is currently no single, globally recognized set of accepted definitions in assessing whether activities are “green” or “sustainable.” Without limiting any of the statements contained herein, we make no representation or warranty as to whether any of our securities constitutes a green or sustainable security or conforms to present or future investor expectations or objectives for green or sustainable investing. For information on characteristics of a security, use of proceeds, a description of applicable project(s) and/or any other relevant information, please reference the offering documents for such security.

    This document may contain inactive textual addresses to internet websites operated by us and third parties. Reference to such websites is made for information purposes only, and information found at such websites is not incorporated by reference into this document. ING does not make any representation or warranty with respect to the accuracy or completeness of, or take any responsibility for, any information found at any websites operated by third parties. ING specifically disclaims any liability with respect to any information found at websites operated by third parties. ING cannot guarantee that websites operated by third parties remain available following the publication of this document, or that any information found at such websites will not change following the filing of this document. Many of those factors are beyond ING’s control.

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    Attachment

    The MIL Network –

  • MIL-OSI Australia: CEO of Northern Australia Infrastructure Facility to retire

    Source: Australian Ministers for Regional Development

    Northern Australia Infrastructure Facility (NAIF) CEO Craig Doyle has advised the NAIF Board of his intention to retire from his position in August, ending three successful years at the helm of the NAIF.  

    As CEO, Mr Doyle is responsible for the administration of NAIF, leading a talented and diverse team of professionals tasked with unlocking prosperity in our regions and driving growth in the northern Australian economy.  

    Mr Doyle joined as CEO in June 2022 and has since overseen a large number of NAIF’s portfolio of investments ranging from large-scale resource and energy developments to social infrastructure projects.

    Minister for Northern Australia, the Hon Madeleine King MP, reflected on Mr Doyle’s time as CEO and said he would leave the NAIF in a strong position. 

    “Craig’s leadership oversaw a crucial period for the NAIF, where they supported $1.3 billion of loans estimated to return $20 billion in public benefit to northern Australia,” Minister King said.

    “While it will be business as usual for Craig until his final day in August, I want to take this moment to acknowledge his significant contributions in leading the NAIF.

    “Craig departs with the gratitude of myself, the Government and key stakeholders and I wish him all the best with future endeavours.”

    Under the NAIF Act, the Board is responsible for appointing the CEO, and a recruitment process will soon be underway to ensure continuity. The process will be open, transparent and merit-based.

    The Australian Government will continue to work with the NAIF Board on these arrangements.

    MIL OSI News –

  • MIL-Evening Report: Microsoft cuts data centre plans and hikes prices in push to make users carry AI costs

    Source: The Conversation (Au and NZ) – By Kevin Witzenberger, Research Fellow, GenAI Lab, Queensland University of Technology

    After a year of shoehorning generative AI into its flagship products, Microsoft is trying to recoup the costs by raising prices, putting ads in products, and cancelling data centre leases. Google is making similar moves, adding unavoidable AI features to its Workspace service while increasing prices.

    Is the tide finally turning on investments into generative AI? The situation is not quite so simple. Tech companies are fully committed to the new technology – but are struggling to find ways to make people pay for it.

    Shifting costs

    Last week, Microsoft unceremoniously pulled back on some planned data centre leases. The move came after the company increased subscription prices for its flagship 365 software by up to 45%, and quietly released an ad-supported version of some products.

    The tech giant’s CEO, Satya Nadella, also recently suggested AI has so far not produced much value.

    Microsoft’s actions may seem odd in the current wave of AI hype, coming amid splashy announcements such as OpenAI’s US$500 billion Stargate data centre project.

    But if we look closely, nothing in Microsoft’s decisions indicates a retreat from AI itself. Rather, we are seeing a change in strategy to make AI profitable by shifting the cost in non-obvious ways onto consumers.

    The cost of generative AI

    Generative AI is expensive. OpenAI, the market leader with a claimed 400 million active monthly users, is burning money.

    Last year, OpenAI brought in US$3.7 billion in revenue – but spent almost US$9 billion, for a net loss of around US$5 billion.

    Microsoft is OpenAI’s biggest investor and currently provides the company with cloud computing services, so OpenAI’s spending also costs Microsoft.

    What makes generative AI so expensive? Human labour aside, two costs are associated with AI models: training (building the model) and inference (using the model).

    While training is an (often large) up-front expense, the costs of inference grow with the user base. And the bigger the model, the more it costs to run.

    Smaller, cheaper alternatives

    A single query on OpenAI’s most advanced models can cost up to US$1,000 in compute power alone. In January, OpenAI CEO Sam Altman said even the company’s US$200 per month subscription is not profitable. This signals the company is not only losing money through use of its free models, but through its subscription models as well.

    Both training and inference typically take place in data centres. Costs are high because the chips needed to run them are expensive, but so too are electricity, cooling, and the depreciation of hardware.

    The growing cost of running data centres to power generative AI products has sent tech companies scrambling for ways to recoup their costs.
    Aerovista Luchtfotografie / Shutterstock

    To date, much AI progress has been achieved by using more of everything. OpenAI describes its latest upgrade as a “giant, expensive model”. However, there are now plenty of signs this scale-at-all-costs approach might not even be necessary.

    Chinese company DeepSeek made waves earlier this year when it revealed it had built models comparable to OpenAI’s flagship products for a tiny fraction of the training cost. Likewise, researchers from Seattle’s Allen Institute for AI (Ai2) and Stanford University claim to have trained a model for as little as US$50.

    In short, AI systems developed and delivered by tech giants might not be profitable. The costs of building and running data centres are a big reason why.

    What is Microsoft doing?

    Having sunk billions into generative AI, Microsoft is trying to find the business model that will make the technology profitable.

    Over the past year, the tech giant has integrated the Copilot generative AI chatbot into its products geared towards consumers and businesses.

    It is no longer possible to purchase any Microsoft 365 subscription without Copilot. As a result subscribers are seeing significant price hikes.

    As we have seen, running generative AI models in data centres is expensive. So Microsoft is likely seeking ways to do more of the work on users’ own devices – where the user pays for the hardware and its running costs.

    A strong clue for this strategy is a small button Microsoft began to put on its devices last year. In the precious real estate of the QWERTY keyboard, Microsoft dedicated a key to Copilot on its PCs and laptops capable of processing AI on the device.

    Apple is pursuing a similar strategy. The iPhone manufacturer is not offering most of its AI services in the cloud. Instead, only new devices offer AI capabilities, with on-device processing marketed as a privacy feature that prevents your data travelling elsewhere.

    Pushing costs to the edge

    There are benefits to the push to do the work of generative AI inference on the computing devices in our pockets, on our desks, or even on smart watches on our wrists (so-called “edge computing”, because it occurs at the “edge” of the network).

    It can reduce the energy, resources and waste of data centres, lowering generative AI’s carbon, heat and water footprint. It could also reduce bandwidth demands and increase user privacy.

    But there are downsides too. Edge computing shifts computation costs to consumers, driving demand for new devices despite economic and environmental concerns that discourage frequent upgrades. This could intensify with newer, bigger generative AI models.

    A shift to more ‘on-device’ AI computing could create more problems with electronic waste.
    SibFilm / Shutterstock

    And there are more problems. Distributed e-waste makes recycling much harder. What’s more, the playing field for users won’t be level if a device dictates how good your AI can be, particularly in educational settings.

    And while edge computing may seem more “decentralised”, it may also lead to hardware monopolies. If only a handful of companies control this transition, decentralisation may not be as open as it appears.

    As AI infrastructure costs rise and model development evolves, shifting the costs to consumers becomes an appealing strategy for AI companies. While big enterprises such as government departments and universities may manage these costs, many small businesses and individual consumers may struggle.

    Kevin Witzenberger receives funding from the Australian Research Council.

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

    – ref. Microsoft cuts data centre plans and hikes prices in push to make users carry AI costs – https://theconversation.com/microsoft-cuts-data-centre-plans-and-hikes-prices-in-push-to-make-users-carry-ai-costs-250932

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: China signals stronger financial support for private enterprises

    Source: People’s Republic of China – State Council News

    China’s central bank, together with other top financial regulators, convened a high-level symposium on Friday to discuss measures for boosting private enterprise development, which analysts said signaled bigger steps in facilitating the financing of private enterprises as their role in innovation becomes increasingly significant.

    Jointly convened by the People’s Bank of China, All-China Federation of Industry and Commerce, National Financial Regulatory Administration, China Securities Regulatory Commission and State Administration of Foreign Exchange, the symposium stressed supporting private businesses as an inherent priority for financial services and a manifestation of upholding the political and people-centered nature of financial work.

    “We will proactively strengthen policy frameworks, enhance supervision and implementation and provide strong financial support for the healthy development of the private economy, helping private enterprises grow stronger, better and bigger,” said a meeting statement released by the PBOC on Sunday.

    Analysts said it is not the first time for the PBOC to convene symposiums on supporting private enterprises, with similar meetings in 2018 and 2023. However, Friday’s meeting features a wide participation by various financial authorities, indicating that all-out, coordinated efforts to strengthen financial support for private enterprises are underway.

    “The joint meeting reflects the central government’s strong commitment to fostering private sector growth,” said Yang Weiyong, an associate professor at the University of International Business and Economics, expecting significant financial measures, including expanded lending for private enterprises.

    The meeting called for a solid implementation of an accommodative monetary policy, a good use of structural monetary policy tools, increased credit access for private and small businesses and equal treatment of all ownership types by financial institutions.

    Specific measures stressed at the symposium include a full implementation a previously-launched 25-point plan to strengthen financial support for the private economy, improvements to credit enhancement systems for smaller businesses and accelerated rollout of supply chain finance regulations.

    The meeting also emphasized strengthening bond market innovation, reaffirming boosting private enterprise financing through capital markets, including support for tech-driven firms, mergers and acquisitions and industrial upgrades.

    Attendants of the meeting also included leaders from fashion and apparel company EVE Group, automotive company Geely Holding Group, artificial intelligence company SenseTime, express delivery company YTO Express and dairy company Yili Group.

    Lou Feipeng, a researcher at Postal Savings Bank of China, emphasized the need for stronger financial support for the private sector, particularly as the latest wave of technological revolution continues to advance.

    “Private and small businesses, known for their flexible structures, play a crucial role in driving technological innovation,” Lou said.

    In terms of direct financing, eligible private enterprises should be supported in raising funds through bond issuance and IPOs, he said. On the indirect financing front, banks should improve first-time loan services for private bushiness, expand access to credit-based lending, implement loan renewals without principal repayment and develop supply chain finance.

    Data from the National Bureau of Statistics showed on Saturday that the purchasing managers index for the manufacturing sector — where private enterprises play a significant role — came in at 50.2, standing above the 50-mark that separates expansion from contraction and up from 49.1 in January.

    MIL OSI China News –

  • MIL-Evening Report: Political analyst hopes NZ, Australia will ‘step up’ over USAID cuts gap

    By Koroi Hawkins, RNZ Pacific editor

    The Trump administration’s decision to eliminate more than 90 percent of the US Agency for International Development (USAID) funding means “nothing’s safe right now,” a regional political analyst says.

    President Donald Trump’s government has said it is slashing about US$60 billion in overall US development and humanitarian assistance around the world to further its America First policy.

    Last September, the former Deputy Secretary of State Kurt Campbell said that Washington had “listened carefully” to Pacific Island nations and was making efforts to boost its diplomatic footprint in the region.

    Campbell had announced that the US contributed US$25 million to the Pacific-owned and led Pacific Resilience Facility — a fund endorsed by leaders to make it easier for Forum members to access climate financing for adaptation, disaster preparedness and early disaster response projects.

    However, Trump’s move has been said to have implications for the Pacific, which is one of the most aid-dependent regions in the world.

    Research fellow at the Australian National University’s Development Policy Centre Dr Terence Wood told RNZ Pacific Waves that, in the Pacific, the biggest impacts of the aid cut are likley to be felt by the three island nations in a Compact of Free Association (COFA) with the US.

    He said that while the compact “is safe” for three COFA states – Federated States of Micronesia, Marshall Islands, and Palau – “these are unprecedented times”.

    “It would be unprecedented if the US just tore them up. But then again, the United States is showing very little regard for agreements that it has entered into in the past, so I would say that nothing’s safe right now.”

    This article is republished under a community partnership agreement with RNZ.

    Dr Terence Wood speaking to RNZ Pacific Waves.   Video: RNZ Pacific

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: How to easily earn USD at home: Cloud mining to easily earn cryptocurrencies

    Source: GlobeNewswire (MIL-OSI)

    Monmouthshire, UK, March 02, 2025 (GLOBE NEWSWIRE) — Alr Miner, a leading AI cloud mining platform, is making waves in the cryptocurrency industry by offering a limited-time $12 login mining bonus to new users. The program is designed to lower the barrier to entry for cryptocurrency enthusiasts and provide a seamless, cost-effective way to start earning Bitcoin through cloud mining.

    What is Cloud Mining?

    Cloud mining is an effective method that makes cloud mining a remote mining of cryptocurrencies, including Bitcoin mining. With this method, you can make cloud mining profitable in the following ways: borrow the mining power of cloud mining companies to avoid personal investment in hardware and maintenance; use powerful computers to access large mining farms, tirelessly solve cryptographic puzzles and receive cryptocurrency rewards.

    Alr Miner: Where laziness meets profit

    Alr Miner takes cloud mining simplicity to the highest level, making it perfect for newbies. The platform’s user-friendly interface ensures that even cryptocurrency newbies can navigate it with ease.For Alr Miner, laziness is not a shortcoming; it is the path to success. As a pioneer in providing cloud mining services, Alr Miner has more than 100 mining farms around the world, with more than 100,000 mining equipment, all using new energy and renewable cycle power generation. With its stable income and security, it has won the recognition of more than 6.9 million users.

    Incredible earning opportunities

    What makes Alr Miner different is its extraordinary daily passive income. Offering the opportunity to earn $10,800 or more per day, Alr Miner enables users to realize their dream of getting rich online. Imagine earning a substantial income without constant effort or complicated setup – that’s what Alr Miner offers.

    Safety sustainability

    In the world of mining, trust and security are of paramount importance. Alr Miner understands this and puts user safety first. Alr Miner is committed to transparency and legality, ensuring that your investment is protected, allowing you to focus on gaining profits. All mines use clean energy electricity, making cloud mining carbon neutral. Renewable energy prevents environmental pollution and has super high returns, allowing every investor to enjoy opportunities and benefits.

    Alr Miner Platform Advantages:

    1: Cutting-edge equipment: We use mining equipment provided by top mining machine manufacturers such as Bitmain, Antminer, and JuNeng Combination Miner to ensure the stable operation and efficient production capacity of Bitcoin mining machines.

    2: Legality and global audience: The platform was legally established in the UK in 2018, protected and issued by the UK government, and has attracted more than 6.9 million real users worldwide with cutting-edge technology.

    3: Intuitive Interface: The platform’s user-friendly interface ensures that even crypto newbies can navigate with ease.

    4: Support a variety of popular cryptocurrencies: such as DOGE, BTC, ETH, USDC, USDT, BCH, LTC, XRP, SOL, etc. for settlement.

    5: Stable income: The contracts launched by the platform generate income every 24 hours, and the principal will be automatically returned after the contract expires.

    6: Professional team: The platform has an experienced IT team and 24/7 real-time customer service team support to ensure that users can solve problems in a timely manner.

    7: Affiliate Program: Allows you to refer friends and get a referral bonus of up to $60,000.

    How to join Alr Miner:1: Sign up now to get a $12 bonus ($0.60 for daily check-ins).2: Choose a contract: After successfully registering, the next step is to choose a mining contract that suits your goals and budget. Alr Miner offers a variety of contracts to suit different needs, whether you are a beginner or an experienced miner. Take a close look at the available options, considering factors such as contract length, potential returns, and associated costs.3: Start Profiting: Once you have selected and activated your mining contract, you can sit back and let the system do the work for you. Alr Miner’s advanced technology ensures that your mining operation runs efficiently, maximizing your potential earnings.Choose the contract that suits your investment strategy:

    Affiliate Program

    Now, Alr Miner also launched an affiliate program, a platform where you can earn money by recommending the site to other people. You can start earning money even without investing. After inviting a certain number of active referrals, you will receive a one-time fixed bonus of up to $60,000. With unlimited referrals, your earning potential is unlimited too!

    In short

    If you are looking for ways to increase your passive income, cloud mining is a great way to do it. If used correctly, these opportunities can help you grow your cryptocurrency wealth in “autopilot” mode with minimal time investment.At the very least, they should take less time than any type of active trading. Passive income is the goal of every investor and trader, and with  Alr Miner, you can maximize your passive income potential easier than ever before.

    If you want to know more about Alr Miner, please visit its official website

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    Olivia Miller 
    Marketing Manager
    Alr Miner
    +44 7514 226545
    info(at)alrminer.com

    https://t.me/Alrminer

    The MIL Network –

  • MIL-OSI Global: Wildfire season is changing in Canada — posing even greater risks to the nation’s communities and ecosystems

    Source: The Conversation – Canada – By Hossein Bonakdari, Associate professor, L’Université d’Ottawa/University of Ottawa

    Wildfire season in Canada has historically spanned from late April to August — with the most damaging of these fires typically burning in June and July. But in recent years, we’ve seen a significant change in when wildfires burning; they are no longer a seasonal phenomenon.

    For example, in 2024, Alberta’s wildfire season started in February due to the province’s warm and dry conditions. Québec recorded its forth earliest wildfire since 1973 in mid-march of the same year. British Columbia then reported their first wildfires of the season shortly after.

    In 2023, Canada had one of its most catastrophic wildfire years — with over 18.4 hectares of forest burned. These wildfires caused approximately 232,000 people to be evacuated from their homes in British Columbia, Alberta, Saskatchewan and Québec.

    The huge number of wildfires that burned in 2023 released more than three times the total CO2 emissions of Canada’s entire transportation sector produces in a year. This catastrophic wildfire season also started burning far earlier than normal.

    Changing wildfire patterns represent a growing danger to Canadians and our nation’s communities, ecosystems and air quality.

    Recipe for a wildfire

    The recipe for wildfire is simple and needs only three ingredients: fuel (combustible vegetation), ignition (either from human or natural causes — such as lightning) and favourable weather conditions (hot, dry and windy weather).

    But drought can act as a key accelerating factor. As a professor who specializes in sustainable land and water management, I have spent over 15 years researching the impacts of climate change on natural disasters. My most recent research has highlighted the role that droughts play in wildfire vulnerability in Canada.

    Droughts not only dry vegetation — which gives wildfires more fuel — they also prolong hot, dry and windy weather. This further creates a high-risk environment for wildfires to ignite and spread.

    Canada may appear to be a water-rich country, with vast networks of lakes, rivers and considerable amounts of annual precipitation. But these rich resources suffer from significant seasonal and regional variations.

    For example, even British Columbia, where many towns average more than a 1,000mm of precipitation a year, experiences severe drought conditions — particularly during the summer months.

    At the end of 2024, 43 per cent of Canada was classified as abnormally dry or in moderate to extreme drought. Around 35 per cent of the country’s agricultural land was directly impacted. These conditions highlight the growing vulnerability of even water-rich regions to long, dry seasons.

    During 2023, there was a strong link between soil moisture levels measured between May and October and wildfire activity. Areas with the lowest soil moisture levels experienced heightened wildfire activity. This underscores the critical role of drought conditions in amplifying wildfire risks.

    Wildland and urban development

    In January 2025, California experienced one of the most catastrophic wildfire crises in the state’s history.

    At least 29 people tragically lost their lives. Over 16,000 structures have been destroyed or severely damaged, and approximately 200,000 residents were forced to evacuate from their own homes.

    The total economic damage and losses are estimated to be more than $250 billion. This catastrophic crisis has clearly highlighted the growing impacts of climate change on densely populated areas at the interface of wildland and urban zones.

    Drought was a major factor that exacerbated these wildfires.

    But another important factor that significantly contributed to the damage caused by these wildfires in California was the wildland-urban interface (WUI). These are areas where natural, undeveloped vegetation meets human development. This creates a high-risk zone where flammable plants and structures combine — increasing the chance of wildfires spreading from wildlands to communities.

    In Canada, the WUI is rapidly expanding as large cities contend with population growth. But this is putting even more Canadians at risk from potentially detrimental wildfires. The recent, severe wildfires in California’s WUI areas offer a clear warning for Canada, highlighting an urgent need to address the risks associated with these rapidly growing zones.

    Safeguarding strategies

    One way of safeguarding Canada’s expanding WUI zones is by using the leaf area index (LAI). This is a measure of vegetation density.

    The more dense the vegetation in a particular region (which means it has a higher LAI value), the greater that area’s risk of wildfire. This is because densely wooded areas contain significant fuel sources for wildfires, making them capable of sustaining and intensifying fire spread.

    British Columbia’s coastline, Eastern Canada, Southern Ontario and parts of Nova Scotia and New Brunswick (including Halifax and Saint John) are all densely vegetated, highly populated areas that are highly susceptible to wildfire threats — especially during periods of drought and high temperatures.

    By pinpointing Canada’s most vulnerable regions, targeted wildfire prevention strategies can be carried out to mitigate risks and enhance community resilience in the face of escalating wildfire threats. This might include reducing the amount of dry vegetation, carrying out controlled burns and building fire-resistant infrastructure.

    Canada announced a new goal to build nearly 3.9 million houses by 2031. For these houses to be built, parts of WUI zones will need to be used. It will be important for planning and development policies to ensure resilience against wildfires.

    Canada stands at a pivotal moment in wildfire risk management because of expanding WUI zones, prolonged drought conditions and intensifying fire weather converge. Without a multi-pronged strategy, wildfires will only continue to be a growing threat to ecosystems, infrastructure and public safety.

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

    – ref. Wildfire season is changing in Canada — posing even greater risks to the nation’s communities and ecosystems – https://theconversation.com/wildfire-season-is-changing-in-canada-posing-even-greater-risks-to-the-nations-communities-and-ecosystems-248323

    MIL OSI – Global Reports –

  • MIL-OSI: Nokia and industry partners accelerate AI-RAN development #MWC25

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia and industry partners accelerate AI-RAN development #MWC25 

    • Nokia’s ecosystem of industry partnerships is driving advancements in AI-RAN architecture and the deployment and optimization of AI-powered Radio Access Networks.
    • Collaboration helps lay the foundations for platform-as-a-service business models for operators offering scalable computing infrastructure and capabilities for AI and other services in addition to connectivity.
    • Nokia opens AI-RAN Center in Dallas, U.S to accelerate development of AI-RAN with partners.
    • AI-RAN will have a transformative impact on the future of telecommunications infrastructure and services.

    2 March 2025
    Espoo, Finland – At Mobile World Congress 2025, Nokia and its ecosystem of industry partners, KDDI, SoftBank Corp., T-Mobile US, and NVIDIA today outlined the advances made in the deployment and optimization of revolutionary AI-powered Radio Access Networks (RAN) as well as the future architecture for AI-RAN. These joint efforts will lay the foundations for developing platform-as-a-service (PaaS) business models for CSPs, which helps them unlock new monetization opportunities by offering scalable computing infrastructure and capabilities for processing AI and other services. Under its anyRAN approach, Nokia is evolving Cloud RAN solutions to include AI computing in the shared infrastructure to maximize resource efficiency for operators.

    Nokia has taken a leadership role in exploring how AI will transform the future of telecommunications infrastructure and services. To accelerate the innovation and development of AI-RAN, Nokia is establishing an AI-RAN Center at its offices in Dallas, U.S. The center will enable Nokia’s partners to develop and test AI-RAN solutions in real-world network conditions with a focus on creating innovative use cases, prototypes, and to validate AI-RAN reference architecture. Nokia is also working with its industry partners across a range of initiatives including:

    Nokia and NVIDIA
    Over the past year, Nokia has worked closely with NVIDIA to assess and evaluate multi-purpose NVIDIA accelerated computing infrastructure to enable the transformative power of AI-RAN.

    Nokia and KDDI
    Nokia has also formed a strategic partnership with KDDI to research the practical applications of AI-RAN, including use cases and architectures, to make it commercially viable in the future. The companies will explore how AI applications can enhance the user experience, enhance network quality, reduce 5G network-related costs and power consumption through automation, and create monetization opportunities that leverage GPUs and Generative AI. The companies will conduct a commercial trial using AI-enabled RAN hardware and research AI utilization to optimize network performance.

    Nokia and SoftBank
    Nokia and SoftBank’s innovative partnership has successfully showcased the powerful integration of multi-purpose, optimized AI workloads within the AI and RAN platform based on Red Hat OpenShift, the industry’s leading hybrid cloud application platform powered by Kubernetes. This is managed through Nokia’s MantaRay NM solution for network management and SoftBank’s AITRAS Orchestrator. This collaboration illustrates how both RAN and non-RAN AI workloads can efficiently share the computing resources, significantly enhancing resource utilization. This not only leads to improved operational efficiencies but also accelerates the return on investment for network operators.

    Nokia and T-Mobile U.S.
    Nokia and T-Mobile are redefining the future of network connectivity by exploring innovative architectures for a multi-purpose cloud infrastructure. Since the announcement of the AI-RAN collaboration last year, both companies are working together to evaluate AI-RAN network architecture, the feasibility of using accelerated computing for L1, and to understand the co-existence of AI and RAN on the shared infrastructure using Nokia Cloud RAN and NVIDIA platforms. The companies are also exploring monetization opportunities and techno-economics of the AI-RAN multi-purpose cloud infrastructure.

    “To fully harness the transformative power of AI-RAN, Nokia is working hand-in-hand with an ecosystem of leading industry partners. We enable the evolution of 5G networks toward a multi-purpose cloud platform that unlocks new revenue models and infrastructure synergies for AI and RAN while already today enhancing RAN performance and efficiency with AI-powered products and services,” commented Tommi Uitto, President of Mobile Networks at Nokia.

    “Alongside AI-RAN Alliance co-founders Softbank and T-Mobile US, it is encouraging to see new operators such as KDDI collaborating with Nokia to explore AI-RAN technologies, use cases and business models. This growing industry participation shows the strong appetite for AI integration with radio access networks,” said Rémy Pascal, Senior Research Manager for Mobile Infrastructure at Omdia.

    “We are thrilled to have signed a Memorandum of Understanding with Nokia to collaborate on the research and development of AI-RAN. This collaboration will accelerate the path to commercial viability by exploring practical applications of AI-powered networks. We anticipate that AI-RAN will unlock significant network optimization, enhance user experiences, reduce costs, and generating new services and revenue, leading to a more efficient and intelligent 5G ecosystem,” noted Kazuhiro Furuhata, Executive Officer & General Manager, Network Node Technical Development Division Core Technology Sector at KDDI.

    “Through the monitoring of hardware resources by the AITRAS Orchestrator, we have successfully enabled the coexistence of vRAN and AI applications. This advancement facilitates the more efficient utilization of base station equipment,” said Hideyuki Tsukuda, Executive Vice President & CTO, SoftBank Corp

    “T-Mobile’s collaboration with Nokia on AI-RAN is driving the future of network innovation. By exploring AI-driven architectures and leveraging multi-purpose cloud infrastructure, we’re evaluating how accelerated compute for Layer 1 (L1) and the seamless integration of AI and RAN on shared platforms with our industry partners will enhance network performance and efficiency. Beyond technical advancements, we’re also exploring new monetization opportunities and the broader techno-economics of AI-RAN, paving the way for smarter, intent-based networks,” added John Saw, Executive Vice President, Chief Technology Officer, T-Mobile.

    AI-RAN at Mobile World Congress 2025
    Nokia will demonstrate its innovative AI-powered solutions at its stand in Hall 3 Stand #3B20 at this year’s Mobile World Congress 2025. Visitors will experience a range of demonstrations including how networks can manage RAN and AI workloads on the same infrastructure as well as how AI is built into Nokia’s AirScale base stations to optimize RAN performance by intelligently adapting to varying radio conditions. Nokia will also demonstrate MantaRay AutoPilot, an AI-powered solution for autonomous RAN operations and optimization including the results of a live customer deployment. Nokia will also showcase the breadth of its AI-based services portfolio, including the new extended reality visualization for the AI-powered Digital Network Twin, and other extensive AI capabilities.

    Multimedia, technical information and related news
    Web Page: Nokia at MWC25
    Web Page: Nokia AI-RAN
    Web Page: Nokia Cloud RAN
    Product Page: Nokia anyRAN
    Product Page: Nokia AirScale Baseband
    Product Page: MantaRay NM
    Whitepaper: AI for Radio Access Networks
    Solution Brief: MantaRay AutoPilot: Powering AI-driven Autonomous RAN Operations

    About Nokia 
    At Nokia, we create technology that helps the world act together. 

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. 

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. 

    Media inquiries 
    Nokia Press Office 
    Email: Press.Services@nokia.com  

    Follow us on social media 
    LinkedIn X Instagram Facebook YouTube 

    The MIL Network –

  • MIL-OSI: Acki Nacki Secures Over $6M in Preparation For Network Launch

    Source: GlobeNewswire (MIL-OSI)

    SOFIA, Bulgaria, March 02, 2025 (GLOBE NEWSWIRE) — GOSH, the core developer behind Acki Nacki, has announced today the successful completion of its pre-launch Node Sale, securing backing from validators including Kingsway Capital, Blockchain.com, Hack VC, K5 Global, and Original Capital. As a result of the network’s recently launched decentralized starter protocol, Gossip Ignite, the Acki Nacki mainnet will go live once a critical mass of node operators are active.

    Acki Nacki is an asynchronous blockchain protocol that reaches probabilistic consensus in two communication steps. At the heart of GOSH’s vision in supporting Acki Nacki is solving blockchain’s most fundamental technical challenge: transaction speed, scalability, and time to finality. 

    “The network’s Node Owners all share the Acki Nacki vision from beginning to end,” said Mitja Goroshevsky, GOSH founder and Acki Nacki architect, leading the team who spent the 4 years prior building the technology stack for TON blockchain. “The values behind the tokenomics, how we see decentralization, as well as technology, adoption, and how we go to market, are supported thoroughly by all network participants. This level of collaboration defines the future of the decentralized world.”

    With a community of over 5 million users in testnet, Acki Nacki is primed to support use cases that include payments, gaming economies, IoT networks, and AI applications. The early ecosystem already includes Popits, an on-chain content-sharing platform, and Die Last, a Web3 real-time strategy game running entirely on-chain. 

    A diverse group of aligned validators and Acki Nacki’s approach ensures the network emerges organically — owned and secured by its decentralized community from the first block. There is no pre-mine, airdrop, token generation event, investor, or team allocation. Beyond its technical advancements, Acki Nacki introduces a radically decentralized economic model. Node Licenses allow owners to validate transactions and mine $NACKL tokens which guarantees decentralization regardless of network state. All $NACKL are distributed as block rewards through a 60-year mining schedule following a deflationary curve.

    Validator Quotes
    Alexander Pack, Managing Partner at Hack VC, commented, “Acki Nacki with its innovative consensus aims to have sub-second finality for transactions. This allows new applications to move on-chain and open up the design space.”

    Peter Smith, CEO and Cofounder of Blockchain.com, commented, “We were impressed to see that Acki Nacki has generated a loyal community of developers, followers, infrastructure providers and now investors. We’re excited to play a part in this journey.”

    Ramnik Arora, partner at Original Capital, said, “One of the constraints to more things moving on-chain is the lack of general purpose block space with high throughput and low finality. We’re happy to back Mitja and the Acki Nacki team – early pioneers in asynchronous blockchain design space and aiming to be the fastest blockchain possible.”

    “The network’s ‘Bitcoin for Proof of Stake’ design and a 60-years mining schedule means that we view Acki Nacki to be a permanent fixture in global coordination and property rights, similar to Bitcoin and Ethereum,” says Kingsway Capital.

    About Acki Nacki
    Acki Nacki is one of the fastest blockchains. Based on a breakthrough consensus protocol, the Acki Nacki network reaches consensus in 2 communication steps, the lowest number possible in any interactive network, meaning that by design Acki Nacki finalizes transactions faster than any other blockchain that can be built.

    Acki Nacki has a community of over 5 million users in its mini-app that allows anyone to verify blocks by playing a simple interactive game on their mobile phones. This means players contribute to network security and mine Acki Nacki network coins as block rewards. Acki Nacki is a decentralized blockchain. There is no token pre-mine, airdrop, token generation event, investor, or team allocation.

    Media contact:
    M Group Strategic Communications (for GOSH)
    GOSH@mgroupsc.com

    Contact

    Media
    pjordan@mgroupsc.com

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/9377b816-f6e0-4b53-acca-2792c71d6223

    The MIL Network –

  • MIL-OSI Economics: Samsung Solidifies its Mobile AI Leadership at MWC 2025: From Galaxy AI to Software-Centric Networks

    Source: Samsung

    Samsung Electronics Co., Ltd. is set to redefine mobile AI experiences at Mobile World Congress 2025, taking place at Fira Gran Via, Barcelona on March 3-6. Samsung’s Mobile eXperience (MX) and Networks businesses will present their latest AI innovations, including the next evolution of Galaxy AI1 and its software-centric networks.
    Samsung’s vision to deliver a true AI companion through advanced mobile AI innovation will be on full display at MWC, from the Galaxy S25 series to the new Galaxy A series and its first XR headset, Project Moohan. This includes an exclusive look at Galaxy S25 Edge, the slimmest Galaxy S series device ever, which advances Samsung’s legacy of pioneering cutting-edge hardware innovation. Visitors will also be able to explore how AI is shaping the future of health and home life, setting a new standard for intelligent, connected living. These transformative AI advancements are backed by Samsung’s core promise of uncompromising security and privacy at every level for its users.
    Experiencing the Full Potential of Galaxy S25
    Leading the paradigm shift of mobile AI phones, the new Galaxy S25 series transforms the way people get things done, create, and play. Beyond its AI advancements, the Galaxy S25 series also brings its state-of-the-art camera capabilities and performance to the forefront, with hands-on experiences demonstrating the power and speed that form the foundation of every Galaxy device.
    In a space highlighting how Galaxy S25 acts as an indispensable AI companion helping to get tasks done more seamlessly, visitors will get to see and experience.

    • Seamless experience across apps2: See how tasks like summarizing a YouTube video into Samsung Notes or quickly finding and sharing restaurant details via Messages become effortless with a single voice command – now available on Samsung, Google, and select third-party apps.
    • Circle to Search3 with Google: Enjoy famous art pieces on display by instantly finding more context with a simple gesture.
    • Gemini Live4: Use natural conversation for brainstorming, learning, and rehearsing with real-time responses and support for images, files, and YouTube videos.
    • Now Brief5: Check out the personalized content snapshot based on tailored insights, as well as proactive recommendations through Now Bar6.
    The experience continues with Galaxy S25’s advanced camera technology and introduces new ways to create, including:
    Drawing Assist:7 Users can take content creation to the next level with intelligent sketch refinement and enhancement.
    Gallery Search:8 Natural language-based search makes it easier than ever to find memories in situations.
    Filters: Unique portrait effects and explore new filter options, add a personal touch to photos taken in portrait mode.
    The last zone, featuring new ways to play, will give visitors a closer look at:
    Snapdragon® 8 Elite for Galaxy: The customized chipset in collaboration with Qualcomm pushes its performance to the limit, ensuring high-speed gameplay, enhanced responsiveness, and high-quality visuals for even the most demanding titles.
    Alongside the Galaxy S25 series, visitors can see Samsung’s ultimate hardware innovation featuring the most ultra-slim design yet on Galaxy S25 Edge.
    With its commitment to democratizing the mobile AI experiences, Samsung will unveil the new Galaxy A series, — including the Galaxy A56 5G, A36 5G, and A26 5G — which integrates Awesome Intelligence, making latest powerful Galaxy AI technology accessible to even more users. The Galaxy A series also takes the camera experience to a new level with creator-focused tools including the fan-favorite Object Eraser. Expanding Samsung’s AI-driven innovations, the new A series delivers reliable performance and long-term value, supported by six generations of OS upgrades and six years of security updates for an ever-evolving, always-secure experience that lasts.
    Elevating Everyday Life With AI
    Visitors at MWC 2025 will also have the chance to explore how Samsung is enhancing everyday life at home and bringing new levels of control and insight into users’ health journey with intelligent, connected experiences.
    In a zone all about new ways to stay healthy, the types of AI-driven daily health insights at Galaxy S25 users’ fingertips will be on display, including Energy Score, Wellness Tips, and Sleep Insights. These features offer detailed and personalized health experiences that provide a holistic view of the user’s health status all tailored to individual health data and interests. With examples showing seamless integration with connected apps like SmartThings and Samsung Food, users can see how Samsung is working to build an end-to-end healthcare experience that simplifies wellness for everyone.
    The booth will also bring to life new AI-powered capabilities that allow users to safely and conveniently manage the home through device-to-device connectivity. Protected by Knox Matrix security, Home AI scenarios will showcase smart living with easy device setup and control enabled by the SmartThings platform.

    Cutting Edge Innovation Built on a Strong Galaxy Foundation
    Security is at the core of Samsung’s AI advancements, ensuring every experience is built on user control, transparency, and robust protection. In a zone for the Galaxy Foundation, helpful information about the Personal Data Engine9 — which ensures personalized data generated on device is protected from access by apps other than Galaxy AI and further secured by Knox Vault10 — will be available.
    Samsung will unveil its first Android XR headset, Project Moohan, offering a glimpse into the future of AI-powered extended reality. By integrating multimodal AI with advanced XR capabilities, this ground-breaking device marks a significant step toward more context-aware and personalized experiences that enhance everyday life in incredibly immersive ways.
    Visitors can explore these AI innovations first-hand at Samsung’s Galaxy Experience Booth in Fira Gran Via Hall 3.
    Realizing an End-to-End Software Network, Where AI Unleashes Its Full Potential
    Along with innovative mobile technologies, Samsung will present how it is advancing next-generation networks with AI at a private booth. As a global leader in virtualized and open networks, Samsung offers end-to-end software-based solutions to operators, empowering them to optimize their foundations to apply AI in every layer of their networks.
    Key highlights of the booth include Samsung’s versatile virtualized RAN (vRAN) solution, its latest 5G radios, and Samsung CognitiV Network Operations Suite (NOS), an, intelligent network automation solution. Diverse enterprise 5G use cases will be on display as well.
    Samsung will also showcase its continued efforts in elevating software-based networks by leveraging its robust partner ecosystem, which spans servers, processors (CPUs, GPUs), cloud platforms, transport, and more. Furthermore, visitors at the booth will see how Samsung CognitiV NOS can bring greater benefits to telecom operators across lifecycle management of its network from installation, operation to optimization. As a set of diverse AI-powered applications, this automation solution works as a key enabler to boosting performance, increasing the energy efficiency of the network in a more intelligent manner.
    One of the most eye-catching sections of the booth is the private 5G network zone. Samsung recently collaborated with Hyundai to complete the industry’s first end-to-end Reduced Capability (RedCap) trial over a private 5G network. Using Samsung’s advanced private 5G solutions, the companies proved the potential of next-generation industrial private 5G connectivity by improving the battery life and energy efficiency of 5G IoT devices.
    This private booth11 will be located in Fira Gran Via Hall 2.

    MIL OSI Economics –

  • MIL-OSI Economics: Samsung Marks a Step Forward With AI for Everyone with New Galaxy A56 5G, Galaxy A36 5G, and Galaxy A26 5G

    Source: Samsung

    Samsung Electronics Co., Ltd. today unveiled Galaxy A56 5G1, Galaxy A36 5G, and Galaxy A26 5G, the latest Galaxy A series smartphones. For the first time, the Galaxy A series is integrating Awesome Intelligence — including some of Galaxy’s fan-favorite, AI-powered features to reimagine creativity — while bringing enhanced durability and longevity, as well as robust security and privacy protections to provide a safe and long-lasting mobile experience.
    “The new Galaxy A series marks an important step in our mission of AI for all, by opening Galaxy’s incredible mobile AI experiences to even more people around the world,” said TM Roh, President and Head of Mobile eXperience (MX) Business at Samsung Electronics. “With these awesome new features and capabilities, we are excited to unlock limitless creativity on the Galaxy A series while ensuring a safe, reliable and fun mobile experience.”
    Awesome Intelligence for Advanced Search and Creativity
    Awesome Intelligence is the first comprehensive mobile AI experience available on Galaxy A56 5G, Galaxy A35 5G, and Galaxy A26 5G and brings users powerful, fun, and easy-to-use AI tools. Powered by One UI 7, the new Awesome Intelligence features offer amazing search and visual experiences to Galaxy A series users.
    A fan-favorite on Galaxy A series devices last year, Google’s enhanced Circle to Search2 makes it easier than ever to search and discover from the phone’s screen. With the latest upgrades, users can now get even more done on their phone. Circle to Search will quickly recognize phone numbers, email addresses and URLs on the screen so users can take action with minimal actions.
    With the recent enhancements to Circle to Search, users can also instantly search their favorite songs they hear without switching apps. Whether it’s a song playing on social media from their phone or music that’s playing from speakers near them, just long press the navigation bar to activate Circle to Search, then tap the music button to effortlessly identify the song name and artist.

    The Galaxy A series also takes the camera experience to a new level with creator-focused tools, starting with a powerful triple-camera system featuring a 50MP main lens on all devices and 10-bit HDR front lens recording on Galaxy A56 5G and Galaxy A36 5G for bright and crisp selfies. Galaxy A56 5G features a new 12MP ultra-wide lens, while the entire Galaxy A series empowers creativity in new and exciting ways through intelligent visual editing.
    Exclusively available on Galaxy A56 5G, Best Face3 makes it easier than ever to capture the perfect group shot by selecting and combining the best expressions or features for up to five people from a motion photo. Whether someone blinked or looked away, Best Face ensures everyone looks their best in a single, seamless shot. Galaxy A56 5G also brings enhancements to Nightography, with Low Noise Mode making its way to the 12MP selfie camera and additional wide camera support to capture stunning content in low-light settings.

    Galaxy A56 5G, Galaxy A36 5G, and Galaxy A26 5G all bring refined Object Eraser4, allowing users to remove unwanted distractions from photos. Users can manually or automatically select objects to erase, achieving a cleaner, more polished final image with just a few taps. Moreover, Filters5enables custom filter creation by extracting colors and styles from existing photos for users to apply for a unique and personalized effect depending on mood and taste. With these intelligent tools, users can refine and enhance their photos effortlessly, bringing a new level of creativity to every shot.

    Built To Last with Upgraded Displays and Software Longevity
    Now with up to six generations of Android OS and One UI upgrades and six years of security updates, the Galaxy A series reinforces its software longevity even more. These updates add additional support toward optimizing the device’s lifecycle, ensuring users can enjoy a smooth and reliable experience for years to come.
    Galaxy A56 5G and Galaxy A36 5G also come with larger displays designed for a high-quality, immersive viewing experience. Both devices feature a 6.7-inch6 FHD+ Super AMOLED display with brightness levels reaching up to 1200 nits7, allowing for a more vibrant and immersive entertainment experience. Frontline workers can also take advantage of the bright screens when working outside — allowing them to easily work from anywhere. New stereo speakers further enhance the experience with rich, balanced sound.
    A 5,000mAh battery included with every device in the lineup enables the new Galaxy A series’ design to keep up with users’ daily routines. Galaxy A56 5G and Galaxy A36 5G support 45W charging power8 and Super Fast Charge 2.0 technology, delivering even faster charging. Both models also deliver enhanced performance, as Galaxy A56 5G is powered by the Exynos 1580 chipset and Galaxy A36 5G features the Snapdragon® 6 Gen 3 Mobile Platform. A larger vapor chamber in both devices helps sustain performance, ensuring smooth gameplay, video playback, and effortless multitasking. For B2B customers, Super Fast charging optimizes battery life to allow workers to stay connected to their device during their shift.

    Beyond performance, the new Galaxy A series is built to withstand life’s unpredictable moments. For the first time, Galaxy A26 5G features an IP67 dust and water resistance rating for strong protection against the elements such as dust and water, matching the IP67 rating on Galaxy A36 5G and Galaxy A56 5G.9 Additionally, an advanced Corning® Glass cover material adds a layer of durability against scratches and cracks.10
    Expanded Protections for Enhanced Security and Privacy
    Thanks to the integration of One UI 7.0 on the Galaxy A series for the first time, Samsung is further supporting robust security and privacy. With Samsung Knox Vault, the Galaxy A series provides an extra, fortified layer of device safety, transparency, and user choice. Equipped with the latest One UI 7 security and privacy features, Galaxy A series users benefit from holistic protection — including enhancements in Theft Detection, More Security Settings and other features.
    To maintain freedom of choice, accessibility, and transparency, Galaxy A series users can easily select their desired security features through the Knox Matrix dashboard, and can also be deployed and managed in the enterprise through the Knox suite of cloud solutions.

    Pricing and Availability
    Galaxy A26 5G, Galaxy A36 5G, and Galaxy A56 5G join A16 5G as the newest devices in the A series portfolio. Galaxy A36 5G starts at $399.99, available in Awesome Black and Awesome Lavender, with Awesome Lime exclusively available at Best Buy beginning March 26. Galaxy A26 5G starts at $299.99, available in Black beginning March 28. Galaxy A56 5G will be available later this year starting at $499.99.
    Upon release, Digital Key will be available on Galaxy A56 5G11 and Galaxy A36 5G devices12 in select markets including Asia, Europe, and North America with more to follow.
    To find out more about Galaxy A56 5G, Galaxy A36 5G, Galaxy A26 5G, Galaxy A16 5G, and other Galaxy smartphones, please visit: Samsung Newsroom, Samsung Mobile Press, Samsung.com, and Samsung.com/business.

    Galaxy A56 5GGalaxy A36 5GGalaxy A26 5G
    Display6.7-inch FHD+
    Super AMOLED Display
    120Hz refresh rate
    Vision Booster
    *Measured diagonally, the screen size is 6.7-inch in the full rectangle and 6.5-inch with accounting for the rounded corners; actual viewable area is less due to the rounded corners and camera hole.
    Dimensions & Weight162.2 x 77.5 x 7.4mm, 198g162.9 x 78.2 x 7.4mm, 195g164.0 x 77.5 x 7.7mm, 200g
    *Device weight may vary by market.
    Camera12MP Ultra-Wide Camera
    • F2.2
    50MP Main Camera
    • F1.8, AF, OIS
    5MP Macro Camera
    • F2.4
    12MP Front Camera
    • F2.28MP Ultra-Wide Camera
    • F2.2
    50MP Main Camera
    • F1.8, AF, OIS
    5MP Macro Camera
    • F2.4
    12MP Front Camera
    • F2.28MP Ultra-Wide Camera
    • F2.2
    50MP Main Camera
    • F1.8, AF, OIS
    2MP Macro Camera
    • F2.4
    13MP Front Camera
    • F2.2
    Memory & Storage8GB + 128GB6GB + 128GB6GB + 128GB
    *Storage options and availability may vary by carrier, market or region. Actual storage availability may vary depending on pre-installed software.
    Battery5,000mAh (typical)
    *Typical value tested under third-party laboratory conditions. Typical value is the estimated average value considering the deviation in battery capacity among the battery samples tested under IEC 61960 standard. Rated (minimum) capacity is 4,905mAh. Actual battery life may vary depending on network environment, usage patterns and other factors.
    OSAndroid 15
    One UI 7.0
    SecuritySamsung Knox, Samsung Knox Suite Management, six generations of Android OS and One UI upgrades, six years of security updates
    Water & Dust ResistanceIP67
    1 5G speeds vary and require optimal network and connection (factors include frequency, bandwidth, congestion); see carrier for availability.
    2 Works with compatible apps. Requires internet connection; results may vary by uniqueness, clarity and framing of circled image and related factors. Accuracy of results is not guaranteed. Google is a trademark of Google LLC.
    3 Best Face feature is available exclusively on the Galaxy A56 5G device from the Galaxy A series.
    Best Face is only available for photos taken with Motion Photo turned on. The feature does not generate new facial expressions but selects from frames within the Motion Photo video clip. Resulting image up to 12MP.
    4 Results may vary based on the images and the object you’re trying to remove.
    5 Filter availability may vary based on resolution and aspect ratio settings.
    6 Measured diagonally, the screen size is 6.7″ in the full rectangle and 6.5″ accounting for the rounded corners. Actual viewable area is less due to the rounded corners and the camera hole.
    7 1,200 nits at HBM (High Brightness Mode).
    8 Charger and compatible 45W cable sold separately.
    9 IP67 rating for water and dust resistance. Water resistance based on laboratory test conditions for submersion in up to 1 meter of fresh water for up to 30 minutes. Not advised for beach or pool use. Dust resistance based on laboratory test conditions for airflow of up to 8 hours.
    10 Corning® Gorilla® Glass Victus®+ is applied to the front and rear of Galaxy A56 5G, Galaxy A36 5G and Galaxy A26 5G. Frame does not include volume and side keys or SIM tray.
    11Digital Key rollout for Galaxy A56 5G begins in Korea, the United Kingdom, Germany, France, Spain, and Italy. Features may vary depending on each country or region.
    12Digital Key rollout for Galaxy A36 5G begins in Korea, UAE, the United Kingdom, Germany, France, Spain, Italy, and the United States. Features may vary depending on each country or region.

    MIL OSI Economics –

  • MIL-OSI: InfinixChain Introduces EVM-Compatible Layer 2 Blockchain Focused on Scalability and Low Fees

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, March 01, 2025 (GLOBE NEWSWIRE) — InfinixChain, a newly launched Layer 2 blockchain, is introducing an EVM-compatible network designed to enhance scalability, reduce transaction costs, and improve transaction speeds. The project aims to provide a robust infrastructure for decentralized applications (dApps) across sectors including DeFi, NFTs, and GameFi.

    Key Features of InfinixChain

    InfinixChain offers compatibility with Ethereum-based applications, allowing seamless integration for developers and users. Key technical features include:

    • EVM Compatibility: Supports Ethereum-based smart contracts, facilitating easy migration.
    • Ultra-Fast Transactions: High throughput and low latency, ensuring smooth operations.
    • Low Transaction Fees: Cost-effective transactions compared to traditional Layer 1 blockchains.
    • Scalability: Built to handle high transaction volumes without congestion.
    • Robust Security: Advanced security protocols to protect user assets.
    • Decentralized Finance (DeFi) Integration: Supports staking, lending, and other decentralized financial applications.
    • NFT and GameFi Support: Empowering digital asset creation, gaming ecosystems, and metaverse applications.
    • Sustainable Ecosystem: Designed for long-term adoption with continuous upgrades and community-driven development.

    Token Sale and Availability

    InfinixChain has initiated a token presale phase, offering early access to its native token. According to the project’s website, the presale price is set at $0.01 per token, with a planned launch price of $0.05.

    Interested participants can acquire tokens through the project’s official website by connecting their crypto wallets. Further details on the tokenomics, governance model, and roadmap are available on the platform.

    Future Outlook

    With its focus on scalability and cost efficiency, InfinixChain seeks to provide a viable solution for developers and users in the blockchain space. The project aims to foster adoption by offering compatibility with existing Ethereum-based applications and supporting various decentralized use cases.

    About InfinixChain

    InfinixChain is a Layer 2 blockchain designed to enhance scalability, reduce transaction costs, and improve transaction speeds while maintaining full compatibility with Ethereum-based applications. The platform supports a diverse ecosystem, including DeFi, NFTs, GameFi, and other decentralized applications. With a focus on security, efficiency, and long-term sustainability, InfinixChain aims to provide a robust infrastructure for developers and users in the blockchain space.

    For more information, users can visit InfinixChain.com.

    Telegram: https://t.me/InfinixChainOfficial

    Twitter (X): https://x.com/infinixchain

    Contact

    Adam Ali
    InfinixChain
    info@infinixchain.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/127f472e-3ba0-4f2f-a94a-44cedd009d9b

    The MIL Network –

  • MIL-OSI USA: Secretary Wright Leads AI Collaboration Event from Oak Ridge National Lab

    Source: US Department of Energy

    OAK RIDGE, TENN.—U.S. Secretary of Energy Chris Wright, Senator Bill Hagerty (R-Tenn.), Chairman of House Committee on Energy and Waters Chuck Fleischmann (R-Tenn.), and Greg Brockman, OpenAI President and Co-Founder released the following statements after participating in the launch of an AI collaboration session involving more than 1,000 Energy Department scientists and OpenAI employees.

    “More than 70 years ago, experts from the Department of Energy’s Oak Ridge National Lab joined with innovators from around the United States in one of the greatest scientific and engineering accomplishments in history: the Manhattan Project,” Secretary Wright said. “We’re at the start of a new Manhattan Project. With President Trump’s leadership, the United States will win the global AI race, but first, we must unleash our energy dominance and restore American competitiveness. Today’s collaboration of DOE’s national labs and technology companies is an important step in our efforts to secure America’s future.”

    “It was great to join Secretary Wright and Representative Chuck Fleischmann this morning in Oak Ridge,” Senator Hagerty said. “In order for the U.S. to win the Artificial Intelligence race, we need computing power and energy, and Tennessee has both. The U.S. can lead in this space with the Volunteer State at the tip of the spear. I am more than confident that we can achieve this under President Trump’s leadership.”

    “I’m honored to have welcomed Energy Secretary Chris Wright to East Tennessee and the Oak Ridge National Laboratory to showcase the groundbreaking work ORNL is doing to advance breakthroughs in AI, develop new nuclear that will create America’s New Nuclear Future which is necessary to power our nation through the 21st Century and strengthen our national and energy security,” Chairman Fleischmann said. Secretary Wright’s visit, I’ve seen his determination to deliver on President Trump’s agenda to unleash American energy and innovation, and I look forward to partnering with Sec. Wright over the next four years to create America’s New Golden Age, win the AI Arms Race, and make our country energy dominant again.”

    “Advancing scientific research is one of the most promising applications of AI. We’re proud to work with the U.S. national labs to put our advanced technology into the hands of our country’s top scientists,” Brockman said. “OpenAI believes working closely with the U.S. government is essential to unlocking AI’s full potential. I want to thank Secretary Wright for his commitment to ensuring the U.S. continues to lead on AI, including through public-private collaborations like today’s event.”  

    BACKGROUND:

    Secretary Wright joined Senator Hagerty, Chairman Fleischmann and Greg Brockman at the “1,000 Scientist AI Jam Session” on Friday, February 28. This first-of-its-kind event co-hosted by OpenAI and nine of the U.S. Department of Energy’s national labs explored how AI can accelerate scientific discovery.

    Nine labs, including Argonne, Berkeley, Brookhaven, Idaho, Livermore, Los Alamos, Oak Ridge, Pacific Northwest, and Princeton Plasma Physics. It hosted more than 1,000 of America’s leading scientists for the day-long event. Participants had access to leading frontier AI models to test research applications, evaluate model responses, and help improve future AI systems. 

    MIL OSI USA News –

  • MIL-OSI Video: Cyber Expert’s Safety Tips & UN Chief Talks Humanitarian Crises | WEF | Top Stories Week

    Source: World Economic Forum (video statements)

    This week’s top stories of the week include:

    0:15 Online safety tips from cyber expert – Rupal Hollenbeck leads cybersecurity firm Check Point Software. Today’s online space is much more hyperconnected than it used to be, she says. Gen Z uses the internet in a different way to older users, says Hollenbeck, who may be alarmed at what young people choose to share online. But the cybersecurity industry needs to accept this new reality and ‘lean into it’, she says.

    4:16 UN chief talks humanitarian crises – In December, the UN released its annual review of the scale of worldwide need. In total, 305 million people need urgent humanitarian aid from Syria and sub-Saharan Africa to Myanmar, Venezuela and Ukraine. At the same time, 2024 was the deadliest year ever to be a humanitarian worker. Tom Fletcher took over the UN humanitarian affairs office in October. He says that while the task is daunting, multilateral cooperation is essential to success.

    8:49 How history can help leaders today – According to Mohit Joshi, CEO of Tech Mahindra, understanding history can shape better leaders by offering valuable insights into how societies adapt to change. As the world navigates the rapid transformation brought by the AI revolution, Joshi highlights how past events like the Industrial Revolution, the rise of railroads, and mechanization provide a template for understanding technological adoption and its long-term societal impact.

    12:00 Climate scientists’ warning to business – Even as the world strives to hit net-zero targets, things will get worse before they get better. But for businesses that take action today, there will be opportunities amid the upheaval. Every $1 that businesses invest in climate adaptation and resilience today could generate up to $19 in returns tomorrow. These benefits will appear from several directions, says Johan Rockström, Director of Potsdam Institute for Climate Impact Research.

    _____________________________________________

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/ 
    Twitter ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #WorldEconomicForum

    https://www.youtube.com/watch?v=XqaNb1gBykE

    MIL OSI Video –

  • MIL-OSI Economics: Trump’s NIH funding cuts and freezes raise concerns over US biotech drug development and innovation, reveals GlobalData

    Source: GlobalData

    Trump’s NIH funding cuts and freezes raise concerns over US biotech drug development and innovation, reveals GlobalData

    Posted in Business Fundamentals

    The US President Donald Trump began his second term with a series of directives targeting the US National Institutes of Health (NIH), creating uncertainty around NIH grant funding for biopharmaceutical drug development. With over $1.4 billion in NIH Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants involving innovator drugs awarded between 2020 and 2024, the funding cuts and freezes could hamper biopharmaceutical innovation and limit patient access to drugs, reveals GlobalData, a leading data and analytics company.

    The US NIH is the largest funder of biomedical research globally, providing federal government funding to US-based early-stage small businesses through its SBIR and STTR programs to drive innovation with a focus on commercialization.

    Alison Labya, Business Fundamentals Analyst at GlobalData, comments: “Biotech startups rely on government grants to fund early-stage biopharmaceutical research and development (R&D), where attracting venture capital is challenging unless a clear return on investment is evident.”

    According to GlobalData’s Pharma Intelligence Center Grants Database, SBIR and STTR grants involving innovator drugs saw a 37% increase in total grant value from $237 million in 2020 to $326 million in 2024. Over 80% of SBIR and STTR grants were awarded for preclinical and discovery-stage drugs, amounting to over $1.1 billion between 2020 and 2024, reflecting the support NIH SBIR and STTR grant funding provides to early-stage R&D.

    Labya continues: “Infectious disease was the top therapy area for preclinical and discovery-stage SBIR and grants with a total grant value of $295 million from 2020 to 2024, followed by central nervous system with $241 million. However, infectious disease drug development could see a downturn in NIH grant funding under the leadership of Robert F Kennedy Jr.—Trump’s newly appointed head of the US Department of Health and Human Services—who has previously commented plans to shift research away from infectious diseases.”

    A notable NIH reform rolled out by Trump was a $4 billion cut to overhead funding for biomedical research by reducing “indirect” costs on grants to 15%. This follows other restrictions that were imposed on the NIH, including abrupt cancellations of grant review panels without reschedule, delaying access to grant funding.

    Similarly, Trump issued a 90-day funding freeze and stop-work order for the United States Agency for International Development (USAID), disrupting USAID-funded clinical trials globally.

    Labya concludes: “The Trump administration communicated its intent to review and redirect federal spending away from grant programs that do not align with Trump’s ideological agenda, signalling increased stringency in the allocation of NIH grant funding, with grant applications referencing diversity in preclinical and clinical drug development potentially facing challenges.

    “Trump’s recent federal funding cuts and freezes could stifle innovation by creating cash flow challenges for biotech companies that rely on government grants, which could delay or halt global biopharmaceutical R&D and drug approvals, limiting patient access to essential treatments.”

    Note: Data in the chart includes all announced and completed SBIR and STTR grants received by a company from 2020 to 2024 involving at least one innovator drug.

    MIL OSI Economics –

  • MIL-OSI NGOs: Over 500,000 people demand oil & gas companies pay for climate damages

    Source: Greenpeace Statement –

    Cape Town, February 28, 2024 — Greenpeace Africa delivered on Friday 28th February a global petition on behalf of more than half a million people, calling on governments to force fossil fuel companies to “stop their climate wrecking activities” and “repair and pay for the damage they have caused.” The petition was handed over to a coalition of 17 countries and groups currently reviewing “polluter pays” levies [1] at the sidelines of the meeting of the Finance in Commons Summit in Cape Town.[2] In parallel, Cape Town’s iconic Table Mountain National Park is being consumed by wildfires, in the midst of the worst drought in more than 100 years across Southern Africa.[3]

    Sherelee Odayar, Greenpeace Africa’s Oil and Gas Campaigner, said: “It is unfair to expect that ordinary people will face the climate crisis with cents and rands, while the polluters in chief will pocket billions. It is also impractical: Most world governments simply cannot afford to provide climate solutions at the needed scale. Drought, extreme heat, storms, floods and fires are disproportionately affecting Africa and other Global Majority countries. Science and technology can help bring relief, now governments must make polluters pay to deliver justice and raise the necessary funds.”  

    Signatures by people from Africa, the Middle East, Europe, North America, and Southeast Asia were collected between 2023-24, the two hottest years since records began, replete with extreme weather events fuelled by greenhouse gas emissions from the oil and gas industry. At the same, five oil and gas corporations alone reported over US$100 billion cumulatively in profit for last year. 

    The collective demand was presented to the secretariat of the Global Solidarity Levies Taskforce, a coalition of 17 countries and groups, co-led by Barbados, France, and Kenya. It contributes to a public process of consultation which started last month concerning a series of proposals being considered by the governments who are members of the Taskforce, including options to apply levies on fossil fuel industry profits and extraction to fund climate action.

    A letter accompanying the petition reminds that oil and gas companies “knowingly lied about climate change and lobbied to slow action” and are failing to pay their fair share. “Super rich individuals and other polluting industries… should also be held to account. Making polluters pay for the damages they have caused is vital to help communities across the world to recover, rebuild and invest in climate solutions.” 

    The petition’s demands are in line with public polling across a range of geographies, including research recently commissioned by Greenpeace International, which has consistently demonstrated the strong popularity of increasing taxes on oil and gas profits. 

    Greenpeace Africa calls for designing tax and penalty mechanisms in a way that is fair and proportionate – including: ensuring a well-managed and just transition out of coal, oil and gas, while imposing more polluter taxes and fines on the industry to help fund the transition; taking steps to prevent knock-on increases in prices and the cost of living, especially for people living in poverty; and ensuring that people most impacted by climate change benefit the most from revenues raised. 

    Notes:

    [1] The Global Solidarity Levies Task Force: For People and the Planet explores feasible, scaleable and sensible options for levies to raise additional resources for climate and development: https://globalsolidaritylevies.org/world-leaders-pledge-action-on-climate-finance-as-coalition-for-solidarity-levies-launched-at-cop29/ 

    [2] The 5th Finance in Common Summit (FiCS), co-hosted by the Development Bank of Southern Africa (DBSA) and the Asian Infrastructure Investment Bank (AIIB): https://www.financeincommonsummit2025.com/ 

    [3] A night of flames: Table Mountain fire lights up the Cape Town skyline https://www.capetownetc.com/news/a-night-of-flames-table-mountain-fire-lights-up-the-ct-skyline/ ; Climate change behind the 2021 Table Mountain fire – study https://mg.co.za/the-green-guardian/2023-03-02-climate-change-behind-the-2021-table-mountain-fire-study/ 

    Photos: Handover of petition by Greenpeace Africa campaigner

    For more information, contact: 

    Greenpeace Africa Press Desk: [email protected] 

    Greenpeace International Press Desk: [email protected], +31 (0) 20 718 2470 (available 24 hours). Follow @greenpeacepress for our latest international press releases.

    MIL OSI NGO –

  • MIL-OSI United Nations: ‘This is our land’ – Building Gaza’s future from the wreckage of war

    Source: United Nations MIL OSI b

    Peace and Security

    At night he sleeps under a tarpaulin sheet on the ruins of his family home. Like others returning to northern Gaza after months of being displaced by war, Sufian Al-Majdalawi clings to whatever he can find.

    Using small tools and his bare hands, he sifts through mounds of twisted debris and dirt to try and unearth belongings and important paperwork such as property deeds to prove he is the legal owner.

    He dreams of one day being able to rebuild; in the short-term, he hopes that even the rubble might hold some value.

    The war in Gaza has left an unprecedented level of destruction, with an estimated 51 million tons of rubble blanket the landscape where bustling neighborhoods once thrived.  According to a new UN damage and needs assessment report, over 60 per cent of homes – amounting to some 292,000 – and 65 per cent of roads have been destroyed, across the approximately 360 square kilometre enclave.

    UN News

    Debris and rubble lines the streets of Gaza.

    As the international community ponders Gaza’s future and how to rebuild, Al-Majdalawi is sure of one thing: “We will not leave. That will not happen. This is our land.’’

    Moving cautiously through the rubble, Yasser Ahmed says: “I am looking for my papers.” His desperate search is made even more daunting because adjacent structures have collapsed in on each other. “Maybe while I am removing the rubble, I will find a human body, an explosive device,’’ he adds, underlining the huge emotional and physical risks of dislodging debris in a war zone.

    In collaboration with the Palestinian Ministry of Public Works and Housing, the UN Development Programme-led Programme of Assistance to the Palestinian People and the UN Environment Programme co-chair a debris management group that brings together more than 20 entities to support the response to this critical issue across the Gaza Strip.

    UN staff are drawing on similar experiences in Mosul, Iraq, and the Syrian cities of Aleppo and Latakia, all decimated by war. 
    UNOPS, a UN agency that provides infrastructure, procurement and project management services around the world, is part of Gaza’s ‘Debris Management Working Group.’

    UN News

    15 months of war in Gaza resulted in more than 50 million tons of debris.

    The agency, which has conducted threat and risk assessments throughout the Territory, has developed advanced GeoAI and remote sensing techniques, including 3D modeling technologies, to enhance explosive hazard evaluation and rubble removal strategies.

    UNOPS Executive Director Jorge Moreira da Silva, following a recent trip to Gaza, says explosive hazard education had been provided to 250,000 Palestinians and some 1,000 humanitarian workers, providing “critical knowledge to stay safe and navigate explosive hazards effectively.”

    UNDP, which helps countries reduce poverty, build resilience and achieve sustainable development, started removing rubble from Gaza in December 2024, weeks before a ceasefire began.

    UNDP’s Sarah Poole says about 28,500 tons of rubble were initially removed, and 290 tons of it used for roadworks to enhance humanitarian operations, restoring access to sites such as a hospital, a bakery and a critical water supply plant.

    Poole describes the issue of land and property ownership in Gaza as “very complex” – particularly when title deeds, inheritance records and other legal documents are lost or destroyed.

    Amjad Al-Shawa, Director of the network of NGOs in the Gaza Strip, says the issue of rubble represents a “major challenge.’’

    “We need a mechanism to dispose of the rubble which will take a long time, and which requires resources that are not available in the Gaza Strip,’’ he says.

    “Today, this rubble also represents the possessions of the residents. Many disputes may arise between families.’’

    Some $7 million has already been made available from various donors to aid the rubble removal – but Poole says an additional $40 million is needed “in this initial phase in order to significantly scale up the work.”

    “The issue of access and the ability to bring in some of the heavy equipment that is needed is also absolutely essential,” he adds.

    The challenge ahead looks daunting: Once-thriving neighborhoods have been leveled – very little remains. In this Territory where people turning 18 have already lived through five massive armed conflicts, the destruction this time is significantly worse.

    The cost of the damage to physical infrastructure has been estimated at some $30 billion, according to the UN. The housing sector was the hardest hit, with losses amounting to $15.8 billion. The costs of recovery and reconstruction are estimated at over $53 billion.

    UN News

    Yasser Ahmed stands in front of his destroyed home in Jabalia, in the north of the Gaza Strip.

    “There is no residential life here. I look around and see nothing but destruction,’’ says Ahmed, standing in front of the wreckage of his house. “The hard work of 59 years – the number of years of my life – was lost, and everything is gone.’’

    “Everything is under the rubble,’’ he says. “I miss my home … a person is only comfortable in his home and his own place.”

    Nearby, Ramadan Katkat sits on the remnants of his home. Living in tents precariously perched atop mounds of rubble, he echoes the despair felt by many: Beneath them could lie a perilous mix of unexploded devices and human remains.

    His wish? “We want to live.’’

    Al-Majdalawi is adamant, though: “We are capable of rebuilding the land.”

    UN News

    Ramadan Kutkut sits on the rubble of his house in Jabalia, in the northern Gaza Strip.

    With a fragile ceasefire holding for now, regional talks are underway to develop a plan for rebuilding Gaza after 16 months of brutal conflict. Next Tuesday, UN Secretary-General António Guterres will travel to Cairo for a summit with Arab leaders focused on reconstruction. He aims to advocate for sustainable rebuilding efforts and a cohesive, transparent, and principled political resolution.

    MIL OSI United Nations News –

  • MIL-OSI China: Low-altitude economy boosts smart agriculture

    Source: China State Council Information Office

    As dawn breaks over the vast wheat fields, a fleet of drones hums to life, rising like a swarm of mechanical bees. Guided by skilled pilots, the drones glide over the expanse, spraying the crops with precisely measured doses of pesticide.

    In just three days, more than 80,000 mu (approximately 5,333.33 hectares) of wheat fields will be treated. This level of efficiency is unimaginable in traditional farming.

    In a display of agricultural modernization, this annual operation in Zhaoqiao Township, in Bozhou City, east China’s Anhui Province, highlights the increasing role of unmanned aerial vehicles (UAVs) in China’s agricultural sector.

    To ensure optimal pest control, nearly 40 skilled drone pilots operate UAVs weighing between 50 and 70 kilograms, swiftly maneuvering over vast wheat fields to apply pesticides efficiently and precisely.

    “Traditional manual pesticide spraying could only cover 10 to 15 mu per day. Now, a single agricultural drone can handle about 1,000 mu daily, ensuring even coverage without gaps or overlaps,” said Jiao Rui, a 33-year-old drone team leader.

    Bozhou alone has nearly 3,000 agricultural drones in operation, contributing to a nationwide total of 251,000 UAVs dedicated to agricultural services in 2024.

    These drones collectively covered 2.67 billion mu of farmland, marking a nearly 25 percent year-on-year increase. Beyond pest control, they are also used for fertilization, seeding, pollination, and field monitoring, significantly enhancing agricultural productivity.

    The recently released “No. 1 Central Document” for 2025 outlines priorities to deepen rural reforms further and solid steps to advance all-around rural revitalization. It emphasizes the importance of developing new quality productive forces in agriculture in light of local conditions.

    Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, emphasized at a recent press conference that smart technologies, including UAVs, mechanized farming, AI-driven agriculture, and low-altitude economy applications, hold vast potential for rural development.

    According to the Civil Aviation Administration of China, the country’s low-altitude economy is expected to reach a market size of 1.5 trillion yuan (about 209.09 billion U.S. dollars) by 2025 and could grow to 3.5 trillion yuan by 2035.

    This sector is rapidly integrating into various rural applications, from agricultural protection to forest fire prevention, water resource inspection, rural logistics, and tourism.

    In the mountainous Hongqi Village of Yuexi County, Anhui, a small white drone takes off daily from its automated docking station, ready to carry out its tasks.

    Equipped with high-definition and infrared cameras, as well as a loudspeaker, the drone patrols a 15-square-kilometer forest area for 40 minutes before returning to recharge.

    Later, it flies to check on elderly residents living alone, enabling local staff to communicate with them remotely. During flood season, the drone’s tasks expand to include river inspections.

    Since the launch of the pilot program in August 2024, drones in Hongqi Village have covered a total of 1,422.95 kilometers and detected over 30 safety hazards, all of which were promptly addressed.

    “Previously, forest patrols required two workers on motorcycles for an entire day, and visiting elderly residents in the mountains took about 90 minutes round-trip. With UAVs, we significantly enhance efficiency and service delivery,” said Shi Yongshi, the first secretary of Hongqi Village.

    Anhui’s local practices epitomize a broader national trend. By 2027, east China’s Zhejiang Province plans to have over 10,000 agricultural drones in operation, covering more than 65 million mu of farmland. Drone-based rural inspections are also set to reach over 30 percent of villages.

    Low-altitude logistics are expanding across cities and rural areas in Guangdong Province, focusing on high-value seafood transport, maritime supply deliveries, rapid medical shipments, and agricultural product transport from mountainous regions.

    “Beyond agriculture, the low-altitude economy is becoming a new engine for rural revitalization and industrial upgrading,” said Zhang Jian, a professor at the Civil Aviation Flight University of China. 

    MIL OSI China News –