Category: Pandemic

  • MIL-OSI Global: Theatre’s thriving horror revival reflects a cultural moment of collective anxiety

    Source: The Conversation – UK – By Richard Hand, Professor of Media Practice, University of East Anglia

    The stage has long presented horror as entertainment, from 19th-century ghost and revenge melodramas to the blood-soaked spectacles of the grand-guignol, the Parisian “theatre of horror’.

    In recent decades, horror theatre has often been perceived as a relic of the past, overshadowed by its more commercially dominant and popular cinematic and digital counterparts. This may have seemed evident in 2023 when The Woman in Black finally closed after 33 years of haunting London’s West End.

    Yet, a recent wave of new and revived horror plays suggests that the genre is once again thriving on stage. With audiences flocking to 2:22 A Ghost Story, Paranormal Activity, Saint Maud, Inside No. 9 Stage/Fright and two concurrent but unrelated adaptations of the infamous Enfield poltergeist case, it begs the question: what is driving this resurgence? And could it be a reflection of our cultural moment – one that echoes the anxieties and uncertainties of previous gothic ages?


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    The original 19th-century gothic period in theatre was characterised by its fascination with the supernatural, the macabre and psychological extremes. Drawing inspiration from gothic literature, these plays often featured doomed heroines, villainous aristocrats and vengeful spectres, creating a haunting atmosphere of terror, suspense and unease.

    Melodrama played a key role, with heightened emotions, moral polarities, and elaborate stage effects – such as trapdoors, phantasmagorical projections and eerie soundscapes – enhancing the spectacle. Gothic theatre reflected contemporary anxieties about the unknown, scientific progress, and the boundaries between reason and madness, captivating audiences with its thrilling blend of horror and theatrical illusion.

    The demise of the neo-Victorian gothic The Woman in Black aside, horror theatre is anything but exorcised from the stage. The Leeds Playhouse stage adaptation of Paranormal Activity, directed by Felix Barrett, used technology, scene staging and ingeniously deployed magic tricks for a spine-chilling experience as compellingly immersive as many of the director’s more famous Punchdrunk shows.

    Danny Robins, whose podcast and TV show Uncanny has captivated audiences with real-life supernatural tales, enjoyed success when his 2:22 A Ghost Story materialised in the nervous context of a post-lockdown London in 2021. The play has continued in revivals and on tour while, in parallel, Robins’ podcast became a live stage tour, Uncanny: I Know What I Saw, filling theatres across the UK.

    Similarly, Inside No. 9 Stage/Fright has recently opened in London giving the beloved but concluded television programme an afterlife, and proving its signature brand of macabre storytelling is highly suited to a live environment.

    These productions, and others like them, are drawing significant audiences, not just for their jump scares and eerie atmospheres but because they tap into something deeper: a desire to engage with horror in a way that feels immediate and unfiltered by the distraction of screens.

    Live performance offers something that no digital medium can fully replicate: physical presence, unpredictability, and the heightened emotional responses that come from sharing an experience in real time with real people, most of whom will be complete strangers.

    Horror theatre’s resurgence taps into a collective psychological need to process fear in a safe space. Stage horror offers audiences a cathartic release – a chance to confront, experience, and ultimately purge fear in a controlled environment.

    The communal nature of theatre makes this experience all the more potent: the gasps, shrieks, and laughter of fellow audience members reinforce the sense of shared vulnerability and nervousness, exhilaration and hilarity.

    At a time when people are overwhelmed by an endless stream of manipulated digital content, horror theatre provides a real and visceral alternative. The genre’s success also speaks to theatre’s ability to evolve with changing audience expectations, incorporating elements of interactivity, immersion and technological innovation that mirror trends in gaming, VR, and participatory storytelling.

    Horror theatre’s return is about more than just entertainment and escapism: it reflects a cultural shift reminiscent of past gothic revivals. Historically, horror has flourished during times of social and political upheaval.

    The 19th-century fascination with ghosts, revenge narratives and heightened melodramas coincided with anxieties about revolution, industrialisation, urbanisation, shifting morality, and scientific progress that threatened religious beliefs. The French grand-guignol mirrored a period of deep social unrest, shifting political landscapes and the simultaneous awe and angst about technological and medical advances.

    Theatre, as a medium, has always been uniquely responsive to “the moment”. Today, as we grapple with global crises, from pandemics and climate change to political volatility and technological overreach, it is no surprise that horror has found renewed cultural relevance.

    The horror stories that dominate recent productions are not just exercises in fright – they are reflections of contemporary anxieties. The current touring revival of Jeremy Dyson and Andy Nyman’s Ghost Stories, the stage adaptations of Peter James’ macabre thrillers, and other unnerving productions signals a fascination with the blurred boundary between everyday reality and our phobias, mirroring wider societal debates around truth, belief, and uncertainty.

    What we are witnessing, then, is not just a nostalgic resurgence of the old-fashioned genre of horror theatre but the reflection of a new gothic age, one shaped by our era’s profound fears and instabilities. The success of these productions suggests that horror is not only commercially viable in the theatre but culturally necessary.

    Whether through traditional ghost stories, psychological thrillers, or experimental immersive experiences, horror theatre is asserting its place as a genre that speaks to the present moment. As long as there are cultural fears to be explored and exorcised, horror theatre will continue to haunt our stages – and our imaginations.

    Richard Hand 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. Theatre’s thriving horror revival reflects a cultural moment of collective anxiety – https://theconversation.com/theatres-thriving-horror-revival-reflects-a-cultural-moment-of-collective-anxiety-249651

    MIL OSI – Global Reports

  • MIL-OSI United Nations: Upcoming Financing for Development Conference ‘Perhaps Last’ Chance for Real Commitments, Deputy Secretary-General Tells Summit

    Source: United Nations General Assembly and Security Council

    Following is UN Deputy Secretary-General Amina Mohammed’s message for the opening of the Finance in Common Summit, held in Cape Town, South Africa, today:

    I thank Remy Rioux and Adama Mariko from Finance in Common’s leadership, and this event’s co-hosts, the Development Bank of Southern Africa and the Asian Infrastructure Investment Bank, for bringing us together.

    The world is dangerously off track in achieving the Sustainable Development Goals (SDGs).  While we have made progress on many aspects of our development agenda, we have also faced multiple setbacks, including the pandemic, new conflicts, slowing global growth and escalating borrowing costs.

    Looking ahead, accelerating climate impacts, crushing debt burdens, and the spectre of escalating trade and geopolitical tensions are darkening the horizon.  The only way out of this storm is financing.

    But, right now, developing countries are unable to mobilize SDG investments in the face of debt overhangs, capital flight, climate risks and illicit financial flows that bleed their economies dry.  Even official development assistance (ODA), which has long provided a minimum safety net, is now under threat.

    The fourth International Conference on Financing for Development in Sevilla in July will be a pivotal moment to renew the global financing framework and redouble our collective efforts to achieve the 2030 Agenda [for Sustainable Development].  It presents a significant, and perhaps the last, opportunity before 2030 for real financial commitments to turn aspirations into actions.

    Addressing the sustainable development crisis requires two essential changes — both of which require the work of the institutions here at the Financing in Common Summit.

    The first change is a massive investment push.  The now-adopted Pact for the Future called for a massive financial stimulus to help developing countries invest in sustainable development.

    This push must be publicly led, but designed to leverage private investment and innovation.  It must work to mobilize capital at low cost.  And it must focus on transformative investments that can yield the greatest impact. Public development banks are integral to meeting this challenge.

    Doing so requires good governance, careful risk management and effective, independent management.  Development banks also need clear direction from policymakers to align their operations with the 2030 Agenda.

    The second change is reforming the international financial architecture.  This was another key commitment in the Pact for the Future.  The existing architecture was crafted 80 years ago when many countries were still under colonial rule.

    It’s high time for change.  This system needs to be fit for purpose in today’s world, which means putting developing countries squarely in the driver’s seat.  The elevation of public development banks is a critical part of this change.

    National banks are best placed to source projects and work with Governments to develop project pipelines that align with country priorities.  MDB [Multilateral development bank] financing, co-financing and working with national development banks can all combine to expand developing country ownership and improve the efficiency of the international system.

    The fourth International Conference on Financing for Development is uniquely placed to support this agenda.  The zero draft of the Conference’s outcome document already contains ambitious proposals related to public development banks.  While Member States will ultimately decide how to proceed, I urge you to support them.

    Across this work and more, your engagement with the Financing for Development process will help ensure the Conference has political traction and the best chance of success.  I wish you a successful Summit this week and hope to see you again in Sevilla.

    MIL OSI United Nations News

  • MIL-OSI Video: Mind Matters: Mental Health at Work | World Economic Forum Annual Meeting 2025

    Source: World Economic Forum (video statements)

    Globally, an estimated 12 billion working days are lost every year to depression and anxiety at a cost of $1 trillion a year in lost productivity. In a post-pandemic world, supporting mental health in the workplace is more critical than ever.

    This session explores practical tools and strategies for creating a supportive workplace culture, reducing stigma and fostering mental well-being among workers.

    Speakers: Bill Ready, Christy Hoffman, Stephen P. MacMillan, David Rhodes, Pakishe Aaron Motsoaledi

    The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

    This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.

    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/
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    Instagram ► https://www.instagram.com/worldeconomicforum/
    X ► https://twitter.com/wef
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    #Davos2025 #WorldEconomicForum #wef25

    https://www.youtube.com/watch?v=_xwD12UkVwI

    MIL OSI Video

  • MIL-OSI United Nations: 26 February 2025 Departmental update New WHO partnership with Indian Institute to advance technology transfer and health equity

    Source: World Health Organisation

    The WHO Health Technology Access Programme (HTAP), the WHO Regional Office for South-East Asia and the WHO Country Office for India met with the Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) at the Institute’s campus in Trivandrum, Kerala, India, on 12—13 February 2025 following the signing of a memorandum of understanding (MoU) between the two organizations in January 2025.

    The visit and technical discussions mark an important milestone in facilitating the transfer of selected technologies from institutions with a public health mandate to HTAP and subsequently to suitable manufacturers in low- and middle-income countries (LMICs).

    HTAP’s mission is to bridge the health technology access gap by providing an evidence-driven mechanism for selecting, securing and facilitating the geo-diversified transfer of existing technologies. In the long run, it also seeks to build end-to-end product development capacity in LMICs through global and regional health technology consortia.

    Discussions focused on potential technology candidates and key areas for potential collaboration, including education and training, technology transfer and the business incubation unit designed to allow small startups the opportunity to develop projects, informed by interactions with SCTIMST scientists, if requested.

    SCTIMST is a unique publicly funded institution that carries research and development of prioritized medical technologies all the way to proof of concept while also providing the necessary support for technology transfer. Fields of research discussed in detail during the visit include biomaterials, biomedical engineering, in vitro diagnostics, other medical devices and assistive technologies, which jointly contribute to a growing list of technologies that have now been commercialized in India and beyond.

    The MOU with SCTIMST will support HTAP’s vision of establishing a global network of public institutions that could provide technologies under transparent, non-exclusive licenses, addressing critical access gaps in underserved regions. This effort is guided by a robust prioritization process that considers both need and the likelihood of success.

    A two-year workplan is currently being developed to translate the objectives of the MoU into concrete, actionable activities.

    HTAP, which builds on lessons learned from the COVID-19 Technology Access Pool (C-TAP), remains focused on pandemic prevention, preparedness and response. At the same time, it promotes access to health products that address existing public health priorities by actively targeting platform technologies and other essential health products relevant both during and beyond health emergencies. 

    From left to right: Dr Anoop Kumar, Scientist, molecular medicine, SCTIMST, Dr Madhur Gupta, Technical officer, WHO Country Office for India, Mr Einstein Kesi, Medical device expert, WHO HTAP, Dr Dragana Milic, Diagnostics and medical device expert, WHO HTAP, Mr Michael Ward, Senior technical specialist, WHO HTAP, Mr Jofy Paul, Vice president, R&D-Reagent, Agappe.

    From left to right: Mr Einstein Kesi, Medical device expert, WHO HTAP, Dr Roy Joseph, Scientist, Polymeric medical devices, SCTIMST, Dr Sanjay Behari, Director, SCTIMST, Dr Anoop Kumar, Scientist, molecular medicine, SCTIMST, Mr Michael Ward, Senior technical specialist, WHO HTAP, Dr Madhur Gupta, Technical officer, WHO Country Office for India, Dr Jayasree RS, Scientist, biophotonics and imaging, SCTIMST, Mr Nagesh DS, Scientist, extracorporeal devices, SCTIMST, Dr Manikandan S, Deputy director, SCTIMST.

    MIL OSI United Nations News

  • MIL-OSI United Nations: Deputy Secretary-General’s remarks to the opening of the Finance in Common Summit 2025 [as prepared for delivery]

    Source: United Nations secretary general

    Excellencies, Distinguished guests,

    I thank Remy Rioux and Adama Mariko from Finance in Common’s leadership, and this event’s co-hosts, the Development Bank of Southern Africa and the Asian Infrastructure Investment Bank, for bringing us together.

    Excellencies,

    The world is dangerously off track in achieving the Sustainable Development Goals.

    While we have made progress on many aspects of our development agenda, we have also faced multiple setbacks, including the pandemic, new conflicts, slowing global growth, and escalating borrowing costs.

    Looking ahead, accelerating climate impacts, crushing debt burdens, and the specter of escalating trade and geopolitical tensions are darkening the horizon.

    The only way out of this storm is financing.

    But right now, developing countries are unable to mobilize SDG investments in the face of debt overhangs, capital flight, climate risks, and illicit financial flows that bleed their economies dry.

    Even official development assistance, which has long provided a minimum safety net, is now under threat.

    The Fourth International Conference on Financing for Development in Sevilla in July will be a pivotal moment to renew the global financing framework and redouble our collective efforts to achieve the 2030 Agenda.

    It presents a significant, and perhaps the last, opportunity before 2030 for real financial commitments to turn aspirations into actions.

    Addressing the sustainable development crisis requires two essential changes – both of which require the work of the institutions here at the Financing in Common Summit.

    The first change is a massive investment push.

    The now-adopted Pact for the Future called for a massive financial stimulus to help developing countries invest in sustainable development.

    This push must be publicly-led but designed to leverage private investment and innovation. It must work to mobilize capital at low cost. And it must focus on transformative investments that can yield the greatest impact.

    Public development banks are integral to meeting this challenge.

    Doing so requires good governance, careful risk management, and effective, independent management.

    Development banks also need clear direction from policymakers to align their operations with the 2030 Agenda.

    The second change is reforming the international financial architecture.

    This was another key commitment in the Pact for the Future.

    The existing architecture was crafted 80 years ago when many countries were still under colonial rule.

    It’s high time for change.

    This system needs to be fit for purpose in today’s world, which means putting developing countries squarely in the driver’s seat.

    The elevation of public development banks is a critical part of this change.

    National banks are best placed to source projects and work with governments to develop project pipelines that align with country priorities.

    MDB financing, co-financing, and working with national development banks can all combine to expand developing country ownership and improve the efficiency of the international system.

    The Fourth International Conference on Financing for Development is uniquely placed to support this agenda.

    The zero draft of the conference’s outcome document already contains ambitious proposals related to public development banks. While Member States will ultimately decide how to proceed, I urge you to support them.

    Excellencies,

    Across this work and more, your engagement with the FfD process will help ensure the Conference has political traction and the best chance of success.

    I wish you a successful Summit this week and hope to see you again in Sevilla.

    Thank you.
     

    MIL OSI United Nations News

  • MIL-OSI Global: Show Don’t Tell by Curtis Sittenfeld is moving, witty and achingly real

    Source: The Conversation – UK – By Sarah Trott, Senior Lecturer in American Studies and History, York St John University

    I was immediately struck by the title of Curtis Sittenfeld’s new collection of 12 short stories, Show Don’t Tell. That’s because it’s also the name of a narrative technique that allows readers to experience a story through the characters’ actions, words, thoughts and feelings, rather than the author’s explanations. It means that readers can create their own visualisations and conclusions without the author telling them what to think.

    And this is exactly what Sittenfeld does. Show Don’t Tell offers slices of life in the American midwest from a middle-aged and mostly female perspective. The stories can be enjoyed casually. Or, they can be read as a more profound exploration of individual and social conflict at a time when the US is on the verge of momentous political change.

    The self-contained stories evoke many moods and feelings. Each one is relatable in its own way, and all 12 are addictively consumable in one sitting. Within just a few paragraphs Sittenfeld’s vibrant characters feel familiar. They reflect on their lives and the changes in their desires and hopes. And they regularly wonder about their inherent “goodness” and that of those around them and the world they live in.


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    Show Don’t Tell is an exploration of relationships, human emotion, honesty, compassion and contemplation. The stories offer a realistic exploration of life’s ups and downs – comical or otherwise.

    What links these the stories are the personal reflections they offer on important political subjects, from the COVID pandemic and tech billionaires, to sex and sexuality, wealth, health, marriage and racism. They represent a contemporary and timely connection to events in the US.

    Absurdist America

    The book’s title story, Show Don’t Tell, originally published in The New Yorker in 2017, lays the groundwork for the book’s focus on memory. It acknowledges the importance of youth – “when you were, like a pupa, in the process of becoming yourself” – and the cynicism that comes with age and maturity.

    The book references the American author Don DeLillo.
    Library of Congress

    The story mentions Don DeLillo’s postmodern novel White Noise (1985), referring to the author as the “ombudsman of American letters right now”. Like DeLillo, Sittenfeld’s work combines tone, style and multiple voices to create a humorous yet mildly absurdist representation of America. Her characters blunder tactlessly into faux pas after faux pas, which made me wince with sympathetic embarrassment or awkward discomfort. There is a cringeworthy quality to some situations and circumstances that feel amusingly relatable, sincere and human.

    There’s also a universality that pervades the collection. For example, Creative Differences is ultimately about toothpaste and brushing your teeth. This is the power of Sittenfeld’s work – her ability to slip complex subject matters, such as love, death, and loss, relationships between the sexes, and prejudice, into slice-of-life narratives.

    Hidden depths

    Despite the absurd or humorous surface nature of the stories, there is a profundity to the collection that lies just below the surface.

    The daily low-level dread and sense of disaster that inhabits the protagonist in Follow-Up strikes a chord, again, with DeLillo’s characters’ obsession with death and catastrophe in White Noise. But Sittenfeld gently reminds us that, considering the chaotic past decade, where death, catastrophe and complex political issues have dominated American lives, fear and anxiety are an entirely reasonable emotional response.

    She shows that it’s normal to look for human connection and comfort wherever we can find it. America has been turned upside down by a global pandemic, social conflict over sexuality, simmering racial tension and the accumulation of enormous wealth. And Sittenfeld shows us the aftermaths; the differences between then (the 1980s and 90s) and now (the 2020s). She shows us the changes between the innocence of youth and the realities of the post-9/11 and post-COVID world.

    This is the strength of the collection – reminding the reader of the universality of actions and emotions. And the authenticity that permeates the stories reminds us that we’re not alone.

    This is a clever, witty and moving collection with sometimes achingly real portrayals. The themes that unite the stories showcase women and men at moments of introspection, revealing the diversity and genuineness that permeates the multiple authentic worlds that Sittenfeld creates.

    Sarah Trott 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. Show Don’t Tell by Curtis Sittenfeld is moving, witty and achingly real – https://theconversation.com/show-dont-tell-by-curtis-sittenfeld-is-moving-witty-and-achingly-real-247853

    MIL OSI – Global Reports

  • MIL-OSI Global: Cutting Medicaid and federal programs are among 4 key Trump administration policy changes that could make life harder for disabled people

    Source: The Conversation – USA – By Matthew Borus, Assistant Professor, Department of Social Work, Binghamton University, State University of New York

    Disabled people’s employment rights and access to free health care are among the policy issues that the Trump administration is aiming to change. Catherine McQueen/Moment/Getty Images

    While policy debates on immigration, abortion and other issues took center stage in the 2024 presidential election, the first months of the Trump administration have also signaled major changes in federal disability policy.

    An estimated 20% to 25% of Americans have a disability of some kind, including physical, sensory, psychological and intellectual disabilities.

    Disability experts, myself included, fear that the Trump administration is creating new barriers for disabled people to being hired at a job, getting a quality education and providing for basic needs, including health insurance.

    Here are four key areas of disability policy to watch over the coming years.

    People hold signs at a protest in June 2024 demanding subway elevator reliability for disabled people in New York.
    Erik McGregor/LightRocket via Getty Images

    1. Rights at work

    The Americans with Disabilities Act, which became law in 1990, requires that employers with more than 15 employees not discriminate against otherwise qualified candidates on the basis of their disability. It also requires that employers provide reasonable accommodations to disabled workers. This means, for instance, that a new or renovated workplace should have accessible entrances so that a worker who uses a wheelchair can enter.

    Despite these protections, I have spoken to many disabled workers in my research who are reluctant to ask for accommodations for fear that a supervisor might think that they were too demanding or not worth continuing to employ.

    Trump’s actions in his first days in office have likely reinforced such fears.

    In one of the many executive orders Trump signed on Jan. 20, 2025, he called for the relevant government agencies to terminate what he called “all discriminatory programs,” including all diversity, equity, inclusion and accessibility policies, programs and activities that Trump deems “immoral.”

    The next day, Trump put workers in federal DEIA and accessibility positions on administrative leave.

    The following week, a tragic plane crash outside Washington, D.C., killed 67 people. Trump, without any evidence, blamed the crash on unidentified disabled workers in the Federal Aviation Administration, enumerating a wide and seemingly unrelated list of disabilities that, in his mind, meant that workers lacked the “special talent” to work at the FAA.

    Advocates quickly pushed back, pointing out that disabled workers meet all qualifications for federal and private sector jobs they are hired to perform.

    2. The federal workforce

    Many government disability programs have complex rules designed to limit the number of people who qualify for support.

    For instance, I study supplemental security income, a federal program that provides very modest cash support – on average, totaling US$697 a month in 2024 – to 7.4 million people who are disabled, blind or over 65 if they also have very low income and assets.

    It can take months or even years for someone to go through the process to initially document their disability and finances and show they qualify for SSI. Once approved, many beneficiaries want to make sure they don’t accidentally put their benefits at risk in situations where they are working very limited hours, for example.

    To get answers, they can go to a Social Security office or call an agency phone line. But there are already not enough agency workers to process applications or answer questions quickly. I spoke in 2022 with more than 10 SSI beneficiaries who waited on hold for hours while they tried to get more information about their cases, only to receive unclear or conflicting information.

    Such situations may grow even more severe, as Trump and billionaire Elon Musk try to eliminate large numbers of federal employee positions. So far, tens of thousands of federal workers have been laid off from their jobs in 2025. More layoffs may be coming – on Feb. 12, 2025, Trump instructed federal agency heads to prepare for further “large-scale reductions in force.”

    At the same time, multiple Social Security Administration offices have also been marked for closure since January 2025. An overall effect of these changes will be fewer workers to answer questions from disabled citizens.

    3. Educational opportunities

    Students with disabilities, like all students, are legally entitled to a free public education. This right is guaranteed under the Individuals with Disabilities Education Act, passed in 1975. IDEA is enforced by the federal Education Department.

    But Trump is reportedly in the process of dismantling the Education Department, with the goal of eventually closing it. It is not clear what this will mean for Individuals with Disabilities in Education Act enforcement, but one possibility is laid out in the Project 2025 Mandate for Leadership, a policy blueprint with broad support in Trump’s administration.

    Project 2025 proposes that Individuals with Disabilities in Education Act funds “should be converted into a no-strings formula block grant.” Block grants are a funding structure by which federal funds are reduced and each state is given a lump sum rather than designating the programs the funds will support. In practice, this can mean that states divert the money to other programs or policy areas, which can create opportunities for funds to be misused.

    With block grants, local school districts would be subject to less federal oversight meant to ensure that they provide every student with an adequate education. Families who already must fight to ensure that their children receive the schooling they deserve will be put on weaker footing if the federal government signals that states can redirect the money as they wish.

    4. Health care

    Before President Barack Obama signed the Affordable Care Act into law in 2010, many disabled people lived with the knowledge that an insurer could regard a disability as a preexisting condition and thereby deny them coverage or charge more for their insurance.

    The ACA prohibited insurance companies from charging more or denying coverage based on preexisting conditions.

    Republicans have long opposed the ACA, with House Speaker Mike Johnson promising before the 2024 election to pursue an agenda of “No Obamacare.”

    About 15 million disabled people have health insurance through Medicaid, a federal health insurance program that covers more than 74 million low-income people. But large Medicaid cuts are also on the Republican agenda.

    These deep cuts might include turning Medicaid into another block grant. They could also partly take the form of imposing work requirements for Medicaid beneficiaries, which could serve as grounds on which to disqualify people from receiving benefits.

    While proponents of work requirements often claim that disabled people will be exempt, research shows that many will still lose health coverage, and that Medicaid coverage itself often supports people who are working.

    Medicaid is also a crucial source of funding for home- and community-based services, including personal attendants who help many people perform daily activities and live on their own. This helps disabled people live independently in their communities, rather than in institutional settings. Notably, Project 2025 points to so-called “nonmedical” services covered under Medicaid as part of the program’s “burden” on states.

    When home- and community-based services are unavailable, some disabled people have no options but to move into nursing homes. One recent analysis found that nursing homes housed roughly 210,000 long-term residents under age 65 with disabilities. Many nursing facilities are understaffed, which contributed to the brutal toll of the COVID-19 pandemic in nursing homes.

    In response to both the pandemic and years of advocacy, the Biden administration mandated higher staffing ratios at nursing homes receiving Medicare and Medicaid reimbursement. But Republicans are eyeing repealing that rule, according to Politico’s reporting.

    U.S. Sen. Maggie Hassan, a Democrat, right, speaks during a press conference in Washington, D.C., on Feb. 19, 2025, on efforts to protect Medicaid from cuts.
    Nathan Poser/Anadolu via Getty Images

    Daunting task

    Tracking potential changes to disability policy is a complicated endeavor. There is no federal department of disability policy, for example.

    Instead, relevant laws and programs are spread throughout what we often think of as separate policy areas. So while disability policy includes obvious areas such as the Americans with Disabilities Act, it is also vitally relevant in areas such as immigration and emergency response.

    These issues of health care, education and more could impact millions of lives, but they are far from the only ones where Trump administration changes threaten to harm disabled people.

    Different programs have their own definitions of disability, which people seeking assistance must work to keep track of.

    This was a daunting task in 2024. Now it may become even more difficult.

    Matthew Borus received funding in the past from ARDRAW, a small grant program for graduate students working on disability research. The program was run by Policy Research, Inc. and funded by the Social Security Administration. The opinions and conclusions expressed here are solely the author’s.

    ref. Cutting Medicaid and federal programs are among 4 key Trump administration policy changes that could make life harder for disabled people – https://theconversation.com/cutting-medicaid-and-federal-programs-are-among-4-key-trump-administration-policy-changes-that-could-make-life-harder-for-disabled-people-244458

    MIL OSI – Global Reports

  • MIL-OSI: DT Midstream Reports Record 2024 Results; Raises Dividend and 2025 Adjusted EBITDA Guidance

    Source: GlobeNewswire (MIL-OSI)

    • Full year 2024 Adjusted EBITDA of $969 million
    • Increased dividend by 12%
    • Increased 2025 Adjusted EBITDA guidance
    • Announced new agreements to serve utility-scale power generation projects

    DETROIT, Feb. 26, 2025 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) today announced fourth quarter 2024 reported net income of $73 million, or $0.73 per diluted share. For the fourth quarter of 2024, Operating Earnings were $94 million, or $0.94 per diluted share. Adjusted EBITDA for the quarter was $235 million.

    Full year 2024 reported net income was $354 million, or $3.60 per diluted share. For full year 2024, Operating Earnings were $375 million, or $3.81 per diluted share. Adjusted EBITDA for the year was $969 million.

    Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release.

    “As a result of a great team effort, we delivered record results in 2024, exceeding our increased guidance. I want to thank each employee for their contribution,” said David Slater, President and CEO. “We successfully closed on the largest acquisition in our history last year and completed key organic growth projects ahead of schedule and on budget. We are very well positioned to serve growing demand across our footprint and continue our track record of premium, high-quality growth.”

    Slater noted the following significant business updates:

    • Increased 2025 Adjusted EBITDA guidance range to $1.095 to $1.155 billion, an 18% increase over 2024 original guidance
    • Increased dividend by 12% from fourth quarter 2024 to $0.82 per share, to be paid on April 15, 2025 to stockholders of record on March 17, 2025
    • Executed agreements for two new projects that will serve utility-scale power generation
    • Provided 2026 Adjusted EBITDA early outlook range of $1.155 to $1.225 billion, representing 6% annual growth from 2025

    “Our strong financial results for 2024, along with our increased organic project backlog, expanded asset footprint, and flexible balance sheet give us high confidence in meeting our goals for this year and beyond,” said Jeff Jewell, Executive Vice President and CFO.

    The company has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) today. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and the toll number is 646.968.2525; the passcode is 9645886. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstream.com.

    About DT Midstream

    DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a plan of achieving 30% of its carbon emissions reduction by 2030. For more information, please visit the DT Midstream website at www.dtmidstream.com.

    Why DT Midstream Uses Operating Earnings, Adjusted EBITDA and Distributable Cash Flow

    Use of Operating Earnings Information – Operating Earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. DT Midstream management believes that Operating Earnings provide a more meaningful representation of the company’s earnings from ongoing operations and uses Operating Earnings as the primary performance measurement for external communications with analysts and investors. Internally, DT Midstream uses Operating Earnings to measure performance against budget and to report to the Board of Directors.

    Adjusted EBITDA is defined as GAAP net income attributable to DT Midstream before expenses for interest, taxes, depreciation and amortization, and loss from financing activities, further adjusted to include the proportional share of net income from equity method investees (excluding interest, taxes, depreciation and amortization), and to exclude certain items the company considers non-routine. DT Midstream believes Adjusted EBITDA is useful to the company and external users of DT Midstream’s financial statements in understanding operating results and the ongoing performance of the underlying business because it allows management and investors to have a better understanding of actual operating performance unaffected by the impact of interest, taxes, depreciation, amortization and non-routine charges noted in the table below. We believe the presentation of Adjusted EBITDA is meaningful to investors because it is frequently used by analysts, investors and other interested parties in the midstream industry to evaluate a company’s operating performance without regard to items excluded from the calculation of such measure, which can vary substantially from company to company depending on accounting methods, book value of assets, capital structure and the method by which assets were acquired, among other factors. DT Midstream uses Adjusted EBITDA to assess the company’s performance by reportable segment and as a basis for strategic planning and forecasting.

    Distributable Cash Flow (DCF) is calculated by deducting earnings from equity method investees, depreciation and amortization attributable to noncontrolling interests, cash interest expense, maintenance capital investment (as defined below), and cash taxes from, and adding interest expense, income tax expense, depreciation and amortization, certain items we consider non-routine and dividends and distributions from equity method investees to, Net Income Attributable to DT Midstream. Maintenance capital investment is defined as the total capital expenditures used to maintain or preserve assets or fulfill contractual obligations that do not generate incremental earnings. We believe DCF is a meaningful performance measurement because it is useful to us and external users of our financial statements in estimating the ability of our assets to generate cash earnings after servicing our debt, paying cash taxes and making maintenance capital investments, which could be used for discretionary purposes such as common stock dividends, retirement of debt or expansion capital expenditures.

    In this release, DT Midstream provides 2025 and 2026 Adjusted EBITDA guidance. The reconciliation of net income to Adjusted EBITDA as projected for full-year 2025 and 2026 is not provided. DT Midstream does not forecast net income as it cannot, without unreasonable efforts, estimate or predict with certainty the components of net income. These components, net of tax, may include, but are not limited to, impairments of assets and other charges, divestiture costs, acquisition costs, or changes in accounting principles. All of these components could significantly impact such financial measures. At this time, DT Midstream is not able to estimate the aggregate impact, if any, of these items on future period reported earnings. Accordingly, DT Midstream is not able to provide a corresponding GAAP equivalent for Adjusted EBITDA.

    Forward-looking Statements

    This release contains statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” under the securities laws. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, business prospects, outcomes of regulatory proceedings, market conditions, and other matters, based on what we believe to be reasonable assumptions and on information currently available to us.

    Forward-looking statements can be identified by the use of words such as “believe,” “expect,” “expectations,” “plans,” “strategy,” “prospects,” “estimate,” “project,” “target,” “anticipate,” “will,” “should,” “see,” “guidance,” “outlook,” “confident” and other words of similar meaning. The absence of such words, expressions or statements, however, does not mean that the statements are not forward-looking. In particular, express or implied statements relating to future earnings, cash flow, results of operations, uses of cash, tax rates and other measures of financial performance, future actions, conditions or events, potential future plans, strategies or transactions of DT Midstream, and other statements that are not historical facts, are forward-looking statements.

    Forward-looking statements are not guarantees of future results and conditions, but rather are subject to numerous assumptions, risks, and uncertainties that may cause actual future results to be materially different from those contemplated, projected, estimated, or budgeted. Many factors may impact forward-looking statements of DT Midstream including, but not limited to, the following: changes in general economic conditions, including increases in interest rates and associated Federal Reserve policies, a potential economic recession, and the impact of inflation on our business; industry changes, including the impact of consolidations, alternative energy sources, technological advances, infrastructure constraints and changes in competition; changes in global trade policies and tariffs; global supply chain disruptions; actions taken by third-party operators, producers, processors, transporters and gatherers; changes in expected production from Expand Energy and other third parties in our areas of operation; demand for natural gas gathering, transmission, storage, transportation and water services; the availability and price of natural gas to the consumer compared to the price of alternative and competing fuels; our ability to successfully and timely implement our business plan; our ability to complete organic growth projects on time and on budget; our ability to finance, complete, or successfully integrate acquisitions; our ability to realize the anticipated benefits of the Midwest Pipeline Acquisition and our ability to manage the risks of the Midwest Pipeline Acquisition; the price and availability of debt and equity financing; restrictions in our existing and any future credit facilities and indentures; the effectiveness of our information technology and operational technology systems and practices to detect and defend against evolving cyber attacks on United States critical infrastructure; changing laws regarding cybersecurity and data privacy, and any cybersecurity threat or event; operating hazards, environmental risks, and other risks incidental to gathering, storing and transporting natural gas; geologic and reservoir risks and considerations; natural disasters, adverse weather conditions, casualty losses and other matters beyond our control; the impact of outbreaks of illnesses, epidemics and pandemics, and any related economic effects; the impacts of geopolitical events, including the conflicts in Ukraine and the Middle East; labor relations and markets, including the ability to attract, hire and retain key employee and contract personnel; large customer defaults; changes in tax status, as well as changes in tax rates and regulations; the effects and associated cost of compliance with existing and future laws and governmental regulations, such as the Inflation Reduction Act; changes in environmental laws, regulations or enforcement policies, including laws and regulations relating to pipeline safety, climate change and greenhouse gas emissions; changes in laws and regulations or enforcement policies, including those relating to construction and operation of new interstate gas pipelines, ratemaking to which our pipelines may be subject, or other non-environmental laws and regulations; ability to develop low carbon business opportunities and deploy greenhouse gas reducing technologies; changes in insurance markets impacting costs and the level and types of coverage available; the timing and extent of changes in commodity prices; the success of our risk management strategies; the suspension, reduction or termination of our customers’ obligations under our commercial agreements; disruptions due to equipment interruption or failure at our facilities, or third-party facilities on which our business is dependent; the effects of future litigation; and the risks described in our Annual Report on Form 10-K for the year ended December 31, 2024 and our reports and registration statements filed from time to time with the SEC.

    The above list of factors is not exhaustive. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause actual results to vary materially from those stated in forward-looking statements, see the discussion under the section entitled “Risk Factors” in our Annual Report for the year ended December 31, 2024, filed with the SEC on Form 10-K and any other reports filed with the SEC. Given the uncertainties and risk factors that could cause our actual results to differ materially from those contained in any forward-looking statement, you should not put undue reliance on any forward-looking statements.

    Any forward-looking statements speak only as of the date on which such statements are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, subsequent events or otherwise.

                                       
    DT Midstream, Inc.
    Reconciliation of Reported to Operating Earnings (non-GAAP, unaudited)
          Three Months Ended
          December 31,   September 30,
            2024     2024
          Reported Earnings   Pre-tax Adjustments   Income Taxes (1)   Operating Earnings   Reported Earnings   Pre-tax Adjustments   Income Taxes (1)   Operating Earnings
          (millions)
      Midwest Pipeline Acquisition Tax Impact     $   $ 22   A         $   $    
      Louisiana Tax Impact           (4 ) B                  
      Bridge Facility       4 C   (1 )                    
      Net Income Attributable to DT Midstream $ 73   $ 4   $ 17     $ 94   $ 88   $   $   $ 88
                                       
          Year Ended
          December 31,   December 31,
            2024     2023
          Reported Earnings   Pre-tax Adjustments   Income Taxes (1)   Operating Earnings   Reported Earnings   Pre-tax Adjustments   Income Taxes (1)   Operating Earnings
          (millions)
      Midwest Pipeline Acquisition Tax Impact     $   $ 22   A         $   $    
      Louisiana Tax Impact           (2 ) B                  
      Bridge Facility       4 C   (1 )                    
      Net Income Attributable to DT Midstream $ 354   $ 4   $ 17     $ 375   $ 384   $   $   $ 384
                                       
    (1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments
    Adjustments Key                              
    A State tax rate increase impact to deferred income tax expense due to Midwest Pipeline Acquisition
    B State tax rate reduction impact to deferred income tax expense due to enacted tax legislation
    C Bridge Facility interest expense related to funding Midwest Pipeline Acquisition
                                       
                                       
     
    DT Midstream, Inc.
    Reconciliation of Reported to Operating Earnings per diluted share (1)(non-GAAP, unaudited)
                                       
          Three Months Ended
          December 31,   September 30,
            2024     2024
          Reported Earnings   Pre-tax Adjustments   Income Taxes (2)   Operating Earnings   Reported Earnings   Pre-tax Adjustments   Income Taxes (2)   Operating Earnings
          (per share)
      Midwest Pipeline Acquisition Tax Impact     $   $ 0.22   A         $   $    
      Louisiana Tax Impact           (0.04 ) B                  
      Bridge Facility       0.04 C   (0.01 )                    
      Net Income Attributable to DT Midstream $ 0.73   $ 0.04   $ 0.17     $ 0.94   $ 0.90   $   $   $ 0.90
                                       
                                       
          Year Ended
          December 31,   December 31,
            2024     2023
          Reported Earnings   Pre-tax Adjustments   Income Taxes (2)   Operating Earnings   Reported Earnings   Pre-tax Adjustments   Income Taxes (2)   Operating Earnings
          (per share)
      Midwest Pipeline Acquisition Tax Impact     $   $ 0.22   A         $   $    
      Louisiana Tax Impact             B                  
      Bridge Facility       0.04 C   (0.01 )                    
      Net Income Attributable to DT Midstream $ 3.60   $ 0.04   $ 0.17     $ 3.81   $ 3.94   $   $   $ 3.94
                                       
    (1) Per share amounts are divided by Weighted Average Common Shares Outstanding — Diluted, as noted on the Consolidated Statements of Operations
    (2) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments
    Adjustments Key
                                 
    A State tax rate increase impact to deferred income tax expense due to Midwest Pipeline Acquisition
    B State tax rate reduction impact to deferred income tax expense due to enacted tax legislation
    C Bridge Facility interest expense related to funding Midwest Pipeline Acquisition
                                       
                                       
     
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Adjusted EBITDA (non-GAAP, unaudited)
                     
        Three Months Ended   Year Ended
        December 31,   September 30,   December 31,   December 31,
          2024       2024       2024       2023  
    Consolidated (millions)
    Net Income Attributable to DT Midstream $ 73     $ 88     $ 354     $ 384  
    Plus: Interest expense   36       38       153       150  
    Plus: Income tax expense   43       30       137       104  
    Plus: Depreciation and amortization   53       53       209       182  
    Plus: Loss from financing activities   1       4       5        
    Plus: EBITDA from equity method investees (1)   72       70       284       286  
    Less: Interest income   (5 )     (1 )     (7 )     (1 )
    Less: Earnings from equity method investees   (37 )     (40 )     (162 )     (177 )
    Less: Depreciation and amortization attributable to noncontrolling interests   (1 )     (1 )     (4 )     (4 )
    Adjusted EBITDA $ 235     $ 241     $ 969     $ 924  
                     
    (1) Includes share of our equity method investees’ earnings before interest, taxes, depreciation and amortization, which we refer to as “EBITDA.” A reconciliation of earnings from equity method investees to EBITDA from equity method investees follows:
        Three Months Ended   Year Ended
        December 31,   September 30,   December 31,   December 31,
          2024       2024       2024       2023  
        (millions)
      Earnings from equity method investees $ 37     $ 40     $ 162     $ 177  
      Plus: Depreciation and amortization attributable to equity method investees   21       20       82       82  
      Plus: Interest expense attributable to equity method investees   14       10       40       27  
      EBITDA from equity method investees $ 72     $ 70     $ 284     $ 286  
                     
                     
                     
     
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Adjusted EBITDA
    Pipeline Segment (non-GAAP, unaudited)
                     
        Three Months Ended   Year Ended
        December 31,   September 30,   December 31,   December 31,
          2024       2024       2024       2023  
    Pipeline (millions)
    Net Income Attributable to DT Midstream $ 60     $ 71     $ 276     $ 278  
    Plus: Interest expense   10       12       47       55  
    Plus: Income tax expense   35       24       107       75  
    Plus: Depreciation and amortization   19       18       74       69  
    Plus: Loss from financing activities   1       2       3        
    Plus: EBITDA from equity method investees (1)   72       70       284       286  
    Less: Interest income   (3 )           (4 )     (1 )
    Less: Earnings from equity method investees   (37 )     (40 )     (162 )     (177 )
    Less: Depreciation and amortization attributable to noncontrolling interests   (1 )     (1 )     (4 )     (4 )
    Adjusted EBITDA $ 156     $ 156     $ 621     $ 581  
                     
    (1) Includes share of our equity method investees’ earnings before interest, taxes, depreciation and amortization, which we refer to as “EBITDA.” A reconciliation of earnings from equity method investees to EBITDA from equity method investees follows:
        Three Months Ended   Year Ended
        December 31,   September 30,   December 31,   December 31,
          2024       2024       2024       2023  
        (millions)
      Earnings from equity method investees $ 37     $ 40     $ 162     $ 177  
      Plus: Depreciation and amortization attributable to equity method investees   21       20       82       82  
      Plus: Interest expense attributable to equity method investees   14     $ 10       40       27  
      EBITDA from equity method investees $ 72     $ 70     $ 284     $ 286  
                     
                     
     
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Adjusted EBITDA
    Gathering Segment (non-GAAP, unaudited)
                     
        Three Months Ended   Year Ended
        December 31,   September 30,   December 31,   December 31,
          2024       2024       2024       2023
      Gathering (millions)
      Net Income Attributable to DT Midstream $ 13     $ 17     $ 78     $ 106
      Plus: Interest expense   26       26       106       95
      Plus: Income tax expense   8       6       30       29
      Plus: Depreciation and amortization   34       35       135       113
      Plus: Loss from financing activities         2       2      
      Less: Interest income   (2 )     (1 )     (3 )    
      Adjusted EBITDA $ 79     $ 85     $ 348     $ 343
                     
                     
                     
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Distributable Cash Flow (non-GAAP, unaudited)
                       
          Three Months Ended   Year Ended
          December 31,   September 30,   December 31,   December 31,
            2024       2024       2024       2023  
      Consolidated (millions)
      Net Income Attributable to DT Midstream $ 73     $ 88     $ 354     $ 384  
      Plus: Interest expense   36       38       153       150  
      Plus: Income tax expense   43       30       137       104  
      Plus: Depreciation and amortization   53       53       209       182  
      Plus: Loss from financing activities   1       4       5        
      Plus: Adjustments for non-routine items (1)         (416 )     (416 )     (371 )
      Less: Earnings from equity method investees   (37 )     (40 )     (162 )     (177 )
      Less: Depreciation and amortization attributable to noncontrolling interests   (1 )     (1 )     (4 )     (4 )
      Plus: Dividends and distributions from equity method investees   43       465       633       623  
      Less: Cash interest expense   (60 )     (6 )     (140 )     (140 )
      Less: Cash taxes   (5 )     (4 )     (12 )     (22 )
      Less: Maintenance capital investment (2)   (13 )     (4 )     (30 )     (29 )
      Distributable Cash Flow $ 133     $ 207     $ 727     $ 700  
                       
    (1) Distributable Cash Flow calculation excludes certain items we consider non-routine. For the year ended December 31, 2024, adjustments for non-routine items included the $416 million Millennium financing distribution. For the year ended December 31, 2023, adjustments for non-routine items included the $371 million NEXUS financing distribution.
    (2) Maintenance capital investment is defined as the total capital expenditures used to maintain or preserve assets or fulfill contractual obligations that do not generate incremental earnings.
                       
                       

    The MIL Network

  • MIL-OSI Asia-Pac: LCQ22: COVID-19 Vaccination Programme

    Source: Hong Kong Government special administrative region

    LCQ22: COVID-19 Vaccination Programme
    LCQ22: COVID-19 Vaccination Programme
    *************************************

         Following is a question by Professor the Hon Chan Wing-kwong and a written reply by the Secretary for Health, Professor Lo Chung-mau, in the Legislative Council today (February 26):Question:     To safeguard public health, the Government is implementing a territory-wide COVID-19 Vaccination Programme (the Vaccination Programme) free of charge for eligible persons. In this connection, will the Government inform this Council:(1) of the respective numbers of received vaccination doses and vaccination rates under the Vaccination Programme in the past two years; among them, the respective numbers of received doses and vaccination rates for initial and booster doses;(2) of the respective numbers of received booster doses and booster vaccination rates in the past two years for various priority groups eligible for free booster vaccination, i.e. (i) older adults aged 50 or above (including those living in residential care homes), (ii) persons aged 18 to 49 years with underlying comorbidities, (iii) persons with immunocompromising conditions aged six months and above, (iv) pregnant women, and (v) healthcare workers;(3) of the financial expenditure incurred by the Government in implementing the Vaccination Programme in each of the past two years;(4) whether it knows the number of deaths due to COVID-19 infection in the past two years, and the number of COVID-19 vaccine doses received by the deceased prior to their death; and(5) since the restoration of normalcy after the pandemic, what measures the Government has put in place to promote COVID-19 vaccination among the public, particularly high-risk groups, in order to effectively prevent COVID-19?Reply:President,     With the ever evolvement of the SARS-CoV-2 virus, the prevention and treatment capacities of the local healthcare system and society as a whole have been enhanced significantly.  COVID-19 has been managed as an upper respiratory tract illness by the Government since early 2023. Despite this, the World Health Organization (WHO) highlights that high-risk persons should receive COVID-19 booster doses at appropriate times to lower the risks of serious illness and death. With reference to the recommendations from the WHO as well as the Scientific Committee on Vaccine Preventable Diseases and the Scientific Committee on Emerging and Zoonotic Diseases (JSC) under the Centre for Health Protection of the Department of Health (DH), the Government is currently providing the JN.1 lineage COVID-19 vaccines for eligible individuals aged six months or above.     As the vast majority of the public had past COVID-19 infection, according to the recommendation of the JSC, the Government has simplified the arrangements for initial vaccination, which replaced the previous three-dose definition for initial vaccination, since August 19, 2024. Under the new arrangement, in general, persons aged five or above (regardless of their history of infection with COVID-19) are considered to have completed initial vaccination by receiving one dose of mRNA COVID-19 vaccine. Persons aged six months to four years who have been infected with COVID-19 are considered to have completed initial vaccination by receiving one dose of mRNA COVID-19 vaccine. For those who have not been infected, they should receive two or three doses of vaccines in accordance with the recommendations of the vaccine manufacturers to be considered as having completed initial vaccination.  In addition, the JSC recommended that high-risk priority groups, including individuals aged 50 or above and those with chronic diseases, should receive a booster dose at least six months after the last dose or COVID-19 infection (whichever is later), regardless of the number of doses received previously, in order to enhance protection.     Between 2023 and 2024, the activity level of SARS-CoV-2 virus followed a cyclical pattern, with minor waves occurring every four to six months. For example, the virus became active in early January 2024 with a positive rate of 6.8 per cent among respiratory specimens, peaking at 16.8 per cent in early March before decreasing to lower levels in June. The subsequent wave peaked at 9.06 per cent from late July to early August before subsiding. As of the week ending on February 8, 2025, the positive rate for COVID-19 testing remained at a low level of 0.46 per cent.  Regarding the monitoring of variant strains, the JN.1 and its descendant lineages were the most prevalent variant strains.     The reply, in consultation with the DH and the Hospital Authority (HA), to the question regarding the COVID-19 Vaccination Programme raised by Professor the Hon Chan Wing-kwong is as follows:(1) As at January 31, 2025, a total of more than 21 million doses of COVID-19 vaccines were administered under the COVID-19 Vaccination Programme. In 2023 and 2024, about 586 000 and about 222 000 doses were administered respectively. The definition for initial vaccination was updated since August 19, 2024. Starting from August 19, 2024, about 61 000 doses of COVID-19 vaccines were administered, including about 1 000 initial doses and about 60 000 booster doses. The estimated proportion of people that completed COVID-19 initial vaccination in Hong Kong is about 94 per cent.(2) According to the recommendation of the JSC, since April 20, 2023, citizens have to declare themselves as priority groups to continue receiving free boosters. Therefore, the DH only maintains records of the actual number of vaccinations for individuals who declared themselves as belonging to a priority group on or after April 20, 2023.     From April 20, 2023 to 2024, around 342 000 booster doses of COVID-19 vaccines were administered for the self-reported priority groups. The vaccination figures broken down by the priority groups are as follows: 

    Self-reported priority group
    Number of booster doses administered

    Persons aged 50 or above and adult residents living in residential care homes
    332 000

    Healthcare workers
    6 000

    Persons aged 18 to 49 years with underlying comorbidities
    3 000

    Persons aged six months or above with immunocompromising conditions
    1 000

    Pregnant women
    Less than 400

    Total
    Around 342 000

    Note: Due to the lack of data on the population size of some priority groups, the vaccination rate cannot be calculated.(3) The expenditure figures of the COVID-19 Vaccination Programme for the 2023-24 and 2024-25 (as at January 31, 2025) were $230 million and $124 million respectively.(4) According to the data of the Deaths Registries, a total of 2 944 cases died of COVID-19 between January 2023 and December 2024, with over 98 per cent involving adults aged 50 or above, and among them, nearly 80 per cent had not received COVID-19 vaccination within six months prior to death. In addition, among those fatal cases with available information, nearly 90 per cent had history of known chronic diseases. The data showed that timely booster doses of COVID-19 vaccines for high-risk persons help lower the risk of severe illness and death.(5) Since the launch of the COVID-19 Vaccination Programme, the Government has set up an online booking system which is available around the clock. Members of the public may make a booking through the system for COVID-19 vaccination at Private Clinic COVID-19 Vaccination Stations, Children Community Vaccination Centre, designated general out-patient clinics under the HA, as well as designated Student Health Service Centres, Maternal and Child Health Centres or Elderly Health Centres under the DH. The Government also provides vaccination for adult residents of residential care homes (RCHs) for the elderly and RCHs for persons with disabilities through outreach services under the Residential Care Home Vaccination Programme.     The Centre for Health Protection has been disseminating health messages on prevention of communicable diseases and maintaining personal and environmental hygiene through various channels, such as TV and radio announcements in the public interest, social media, printed media, Health Education Infoline, media and radio interviews, advertisements on public transport, outdoor and digital media. The messages also cover the COVID-19 Vaccination Programme. The Centre for Health Protection will continue to strengthen relevant publicity and health education through various channels. The DH has also encouraged and assisted the elderly in the community, especially elderly singletons, to receive necessary vaccines including COVID-19 vaccine via district networks, such as District Services and Community Care Teams. District Elderly Community Centres and Neighbourhood Elderly Centres under the Social Welfare Department, District Health Centres (DHCs) and DHC Expresses under the Health Bureau, as well as Elderly Health Centres under the DH, will also provide assistance to the elderly in need to make online bookings for COVID-19 vaccination.       In addition, the HA provides COVID-19 vaccination services at its 18 designated general out-patient clinics, 13 designated specialist out-patient clinics, the Children Community Vaccination Centre located at the Hong Kong Children’s Hospital, as well as its staff vaccination depots. The HA also encourages eligible long-stay patients to receive COVID-19 vaccination to reduce the risk of severe cases and fatalities.

     
    Ends/Wednesday, February 26, 2025Issued at HKT 15:20

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: LCQ3: Enhancing prevention of potential non-refoulement claimants at source

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Carmen Kan and a written reply by the Secretary for Security, Mr Tang Ping-keung, in the Legislative Council today (February 26):

    Question:

         The Immigration Department officially launched the Advance Passenger Information (API) System on September 3 last year to prevent undesirables, including potential non-refoulement claimants, from boarding flights heading to Hong Kong. In this connection, will the Government inform this Council:

    (1) whether the authorities have, since the launch of the API System, compiled statistics and kept information on the number of undesirables prevented from boarding flights heading to Hong Kong each month, the distribution of their nationalities, points of embarkation, and the airlines they chose; if so, of the details (set out in a table); if not, the reasons for that;

    (2) of the number and names of aircraft operators which have connected to the API System since its launch, and their percentage in the total number of aircraft operators operating inbound flights to Hong Kong (set out in a table); among the aircraft operators which have connected to the API System, of the number of those which have successfully prevented undesirables from entering Hong Kong by providing API, and the reasons why some aircraft operators have not yet connected to the API System;

    (3) as there are views that the authorities should take the opportunity to review the entire mechanism of preventing undesirables from boarding flights heading to Hong Kong by the time when all aircraft operators are required to connect to the API System after the 12-‍month transitional period, whether the authorities have, in the light of the operational experience gained during the transitional period, reviewed the direction of optimising the aforesaid mechanism; if so, of the details; if not, the reasons for that;

    (4) given that the API System can only prevent undesirables from coming to Hong Kong by flights, whether the authorities have stepped up efforts to prevent entry of such persons through other channels; if so, of the details; if not, the reasons for that;

    (5) given that as stated in the 2024 Policy Address, the Government has since October 16, 2024 relaxed the criteria for nationals of Cambodia, Laos and Myanmar applying for multiple-entry visas for travel and business, and extended the validity period of multiple-entry visas from two years to three years for these countries (as well as Vietnam which has enjoyed the relaxation since 2023), of the number of undesirables from these four countries coming to Hong Kong each month since the implementation of the relaxation, and whether there is a rising trend;

    (6) as there are views that with the relaxation of the visa-free entry policies by the Mainland earlier on, undesirables may possibly come to Hong Kong via the Mainland (including by legal and illegal means), how the authorities step up co-operation with the Mainland in preventing entry of such persons to Hong Kong via the Mainland; and

    (7) as there are views that there are signs of an increasing number of foreign domestic helpers (FDHs) who prematurely terminate their employment contracts and subsequently lodge non-refoulement claims in order to extend their stay in Hong Kong for the purpose of applying for government subsidies or engaging in illegal employment, etc., of the number of such cases in each of the past five years, the nationalities of the FDHs involved, and the average number of days of their extended stay in Hong Kong (with a tabulated breakdown by quarter); of the measures put in place by the authorities to prevent and curb the abuse of the non-refoulement claim mechanism by such individuals?

    Reply:

    President,

         To meet the aviation security requirements of the Convention on International Civil Aviation and to align Hong Kong with other aviation hubs worldwide, as well as to enable the Immigration Department (ImmD) to further enhance its passenger clearance and enforcement capabilities to prevent undesirables, including potential non-refoulement claimants, from boarding flights heading to Hong Kong, the ImmD has implemented the Advance Passenger Information (API) system since September 3, 2024, requiring aircraft operators to comply with the Immigration (Advance Passenger Information) Regulation (Cap. 115Q) (the Regulation) by transmitting advance information to the ImmD about flights and passengers heading to Hong Kong.

         To allow sufficient time for aircraft operators to connect to the API system and to ensure the system will run in a smooth and orderly manner, the rollout has been carried out in phases. A transitional period of around 12 months was also adopted. The offences and defences, and the miscellaneous provisions under Part 4 and 5 of the Regulation will come into effect after the transitional period, starting from September 1, 2025.

         In consultation with the ImmD and the Labour Department (LD), my reply to the various parts of the question raised by the Hon Carmen Kan is as follows:

    (1) to (3) Since the rollout in phases of the API system on September 3, 2024, as at February 21, 2025, 82 airline operators have been connected to the system, including Hong Kong-based airline operators, such as the Cathay Pacific Airways, the Hong Kong Airlines, the Greater Bay Airlines and the Hong Kong Express Airways, etc. As for the nearly 70 remaining airline operators, the ImmD will continue to maintain close communication with them with a view to ensuring that relevant system connection works will be completed in an orderly manner before September 1, 2025. The list and number of airline operators connected to the API system, and the percentage out of the total number of relevant airline operators are at Annex.

         In just a few months of operation, the API system has been effective in successfully identifying and denying boarding of flights by ineligible persons, including persons who had lodged non-refoulement claims in Hong Kong but were eventually rejected and repatriated to their places of origin. As regards the relevant figures, as well as the nationality distribution, the places of departure and the airlines chosen for the cases concerned, it is considered not suitable to disclose such information due to security reasons as sensitive internal procedures are involved.

         The ImmD will make reference to the operational experience of the API system during the transitional period and maintain close communication with the airline operators and relevant stakeholders, with a view to continuously reviewing and optimising the system and the related operational procedures.

    (4) and (6) In addition to the API system, the ImmD will continue to examine arriving passengers in a stringent manner at all control points and enhance intelligence exchanges with law enforcement agencies in Hong Kong and other places through various channels to prevent the entry of undesirable persons into Hong Kong. 

         On the other hand, the Government will also continue to spare no efforts in preventing entry of illegal immigrants (IIs) into Hong Kong. In view of the general resumption of international flights on the Mainland after the pandemic, the Mainland visa-issuing authorities abroad have resumed issuing visas to Mainland China to foreigners since March 2023. Coupled with rumours inducing IIs to come to Hong Kong, the number of non-ethnic Chinese (NEC) IIs intercepted had once increased in the second half of 2023. The Mainland and local law enforcement agencies have worked together to strengthen intelligence exchange; tighten the issuance of visas to Mainland China and control over the entry of NEC tourists into the Mainland; investigate syndicates organising cross-boundary illegal immigration; conduct interception at black spots in the Mainland and joint patrols at sea to deter NEC IIs from entering Hong Kong.

         With the concerted efforts of various parties, the number of NEC IIs intercepted in Hong Kong dropped significantly by 84 per cent from the peak of 364 in October 2023 to a monthly average of 57 in 2024, and the number of NEC IIs intercepted further reduced to 37 in January 2025. The ImmD will continue to maintain intelligence exchange with the law enforcement agencies in Guangdong, Hong Kong and Macao through the established anti-smuggling collaborative mechanism, and timely conduct joint enforcement operations to deter NEC IIs smuggling into Hong Kong on all fronts.

    (5) Following the relaxation of criteria for Vietnamese nationals applying for multiple-entry visas for travel or business on October 25, 2023, to foster closer ties with countries of the Association of Southeast Asian Nations (ASEAN), the ImmD has extended the relaxation to include nationals of Cambodia, Laos and Myanmar starting from October 16, 2024. Meanwhile, the validity period of multiple-entry visas for nationals of these four ASEAN countries has also been extended from two years to three years. Since the commencement of relevant measures and up to end-January 2025, the ImmD has issued some 4 700 multiple-entry visas to applicants from those four countries. The ImmD does not maintain the number of persons refused entry by nationality.

         The ImmD has all along been playing a stringent gatekeeping role to ensure that only applicants meeting the relevant requirements will be granted visas. During immigration examination on arrival, in addition to considering whether the visitor possesses a valid travel document (including visas (if necessary)) and meets normal immigration requirements, the ImmD also decides whether to allow entry of relevant visitor with due consideration to the actual circumstances, having regard to the laws of the Hong Kong Special Administrative Region and prevailing immigration policies.

    (7) Over the past five years, the number of non-refoulement claims raised by former foreign domestic helpers (FDHs) are tabulated below, with breakdown by nationality and quarter:
     

    Year
    Indonesian
    Filipino
    Others
    Total

    2020
    1st quarter
    13
    13
    8
    34

    2nd quarter
    28
    15
    8
    51

    3rd quarter
    22
    11
    6
    39

    4th quarter
    52
    35
    23
    110

    Full Year
    115
    74
    45
    234

    2021
    1st quarter
    161
    47
    37
    245

    2nd quarter
    305
    109
    79
    493

    3rd quarter
    86
    41
    27
    154

    4th quarter
    106
    30
    13
    149

    Full Year
    658
    227
    156
    1 041

    2022
    1st quarter
    41
    13
    3
    57

    2nd quarter
    134
    36
    16
    186

    3rd quarter
    186
    46
    21
    253

    4th quarter
    157
    52
    22
    231

    Full Year
    518
    147
    62
    727

    2023
    1st quarter
    133
    45
    21
    199

    2nd quarter
    139
    25
    10
    174

    3rd quarter
    134
    26
    21
    181

    4th quarter
    135
    31
    16
    182

    Full Year
    541
    127
    68
    736

    2024
    1st quarter
    128
    32
    13
    173

    2nd quarter
    89
    23
    15
    127

    3rd quarter
    101
    31
    14
    146

    4th quarter
    111
    38
    19
    168

    Full Year
    429
    124
    61
    614

         â€‹The Government actively combats the abuse of premature termination of employment contracts by FDHs to change employers (commonly known as job-hopping), including stringently vetting employment visa applications from FDHs who have frequently changed employers. In May 2024, the LD also promulgated a revised Code of Practice for Employment Agencies to request employment agencies to clearly brief FDH job seekers on the relevant immigration regulations, and not to adopt business practices such as providing monetary incentives to induce FDHs in employment to prematurely terminate their employment contracts. The Government has also all along been maintaining close communication and co-operation with Consulates-General of the major source countries of FDHs. The relevant Consulates-General agreed to step up efforts in providing correct information to their nationals about the non-refoulement claim mechanism and the fact that illegal employment is a serious offence liable to imprisonment in Hong Kong.

         Under the Government’s multi-pronged strategy in handling the relevant issue, the situation of former FDHs raising claims has improved. The number of claims raised by former FDHs in 2024 was reduced by 41 per cent compared to the peak in 2021, while the portion to the total claims received in the respective year also dropped from 41 per cent to 22 per cent. The Government will continue to actively co-operate with relevant stakeholders and step up publicity and education. The ImmD does not maintain the breakdown of other statistics mentioned in this question.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: LCQ1: Promoting development of aviation industry

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Holden Chow and a written reply by the Secretary for Transport and Logistics, Ms Mable Chan, in the Legislative Council today (February 26):Question:     It has been reported that Hong Kong’s aviation industry has started to recover in terms of, among others, passenger volume and cargo handling capacity, after being hard hit by the epidemic, and Hong Kong-based airlines have been actively expanding their aviation business. There are views that with the recovery of the tourism industry and the commissioning of the Three-‍Runway System at Hong Kong International Airport (Airport), the passenger and cargo throughput of the Airport will increase substantially. Regarding the promotion of the development of the aviation industry, will the Government inform this Council:(1) whether it has compiled statistics on the number of direct flights between Hong Kong and overseas places in each of the past two years, with a tabulated breakdown by companies operating such flights;(2) whether it knows if there is a situation in which air routes between Hong Kong and the rest of the world (excluding the Mainland) have been granted air traffic rights but not yet commenced service; if there is, of the number of destinations for which local airlines (i) have been granted air traffic rights and their flight quotas and, among them, the number of those for which (ii) air traffic rights and flight quotas have not yet been utilised, with a tabulated breakdown by airlines;(3) of the measures the authorities have put in place to encourage the local airlines mentioned in (2) to fully utilise their air traffic rights or flight quotas, so as to operate more flights between Hong Kong and overseas places;(4) of the authorities’ specific expectations and requirements regarding the social responsibilities to be shouldered by Hong Kong-based aviation enterprises; the measures the authorities have adopted or will adopt to effectively enable such enterprises to better fulfil their social responsibilities and play the role of helping Hong Kong consolidate its status as an international aviation hub; and(5) whether the authorities have examined if there is a situation in which the supply of flight quotas for air routes between Hong Kong and overseas places which have been granted air traffic rights falls short of demand and hence a quota increase is required; if there is, of the relevant measures the authorities will adopt to solve the relevant problem?Reply:President,     Hong Kong International Airport (HKIA) continued to demonstrate strong recovery momentum in 2024, with significant growth recorded in air traffic data. In the recent month of January 2025, HKIA reached another post-pandemic high in both flight movements and passenger throughput, representing a full recovery of passenger traffic peak to the pre-pandemic level. Compared to the same month last year, all passenger segments, including Hong Kong residents, visitors and transfer/transit passengers, experienced double-digit increase. Traffic to and from Southeast Asia, Mainland China and Japan recorded the most significant increase during the month. Meanwhile, cargo throughput continued to gain momentum, with positive growth recorded across all cargo sectors. Cargo traffic to and from the Middle East, Europe and Australasia grew the most among key trading regions during the month. In consultation with the Civil Aviation Department, the reply to the question raised by the Hon Chow is as follows:(1) In 2024, the number of direct scheduled flights (including both passenger and cargo flights) between HKIA and overseas destinations (excluding Mainland and Taiwan) increased significantly by approximately 30 per cent compared to 2023. Additionally, the number of airlines operating these flights in 2024 also recorded a notable increase, rising by approximately 20 per cent compared to 2023. Details are provided in the Annex.(2) and (5) With a view to further expanding the passenger and cargo air transport capacity and connectivity of HKIA so to meet the market demand for air services, the Government has been making good use of Hong Kong’s unique civil aviation status under “one country, two systems” to conduct air services negotiations with our aviation partners under the authorisation of the Central People’s Government. As of the end of January 2025, we have signed 80 bilateral air services documents. Over the past two years, Hong Kong has expanded bilateral air services arrangements with multiple aviation partners, increasing the capacity limits for relevant passenger and cargo services by at least 60 per cent. This allows airlines to readily increase passenger and cargo services in response to market demand.     The overriding principle for traffic rights allocation is that public resources can be fully utilised to consolidate or enhance the competitiveness of Hong Kong’s aviation industry and meet future needs. The Transport and Logistics Bureau (TLB) will take into account a range of factors, including encouraging healthy competition, maintaining Hong Kong’s status as an international aviation hub, and promoting the overall development of Hong Kong’s aviation industry, in considering the allocation of traffic rights to local airlines, with a view to promoting the overall interests of Hong Kong.     As for the specific details of traffic rights allocation, since the traffic rights negotiated between the Government and other countries or regions are recorded in the form of bilateral Confidential Memoranda of Understanding, which contain sensitive information such as details of bilateral negotiations, we are not in a position to disclose more of the relevant information to third parties. The TLB will continue to closely monitor the utilisation of traffic rights by local airlines to ensure that these precious traffic rights are put to good use, and will adopt a more forward-looking perspective in expanding traffic rights with our aviation partners.(3) When launching new routes or increasing flight frequencies, airlines will consider factors such as market demand and the allocation of company resources. In addition, the Government has all along encouraged local airlines to launch and increase flights to support Hong Kong’s overall development. Local airlines have responded positively. Following the launch of direct passenger services to Vientiane (Laos), Riyadh (Saudi Arabia), Sendai and Yonago (Japan), as well as Cairns and Gold Coast (Australia) last year and earlier this year, they will gradually commence direct flights to Dallas (the United States of America), Hyderabad (India), Munich (Germany), Brussels (Belgium), and Rome (Italy) later this year. They will also increase the frequency of flights between Hong Kong and North America.     At the same time, the Airport Authority Hong Kong has implemented several related measures, such as the Airport Network Development Programme launched in June 2024, which provides financial incentives to encourage airlines to open new routes and increase flight frequencies on existing routes. To date, the Programme has attracted 24 airlines, covering 53 destinations.(4) The Government maintains a regular communication mechanism with local airlines to monitor their operations and ensure the healthy development of the aviation industry.     With the commissioning of the Three-Runway System, the passenger and cargo handling capacity of HKIA will increase significantly. The Government will continue to maintain close communication with local airlines to ensure that they enhance their service quality continuously, providing stable and reliable services that deliver an excellent experience to passengers. At the same time, the Government has requested that local airlines’ network planning should support the Government’s strategy to enhance Hong Kong’s position as an international aviation hub and to meet Hong Kong’s strategic development needs.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Budget Speech by the Financial Secretary (6)

    Source: Hong Kong Government special administrative region

    International Trade Centre105. As an international trade centre, Hong Kong capitalises on unique advantages and reinforces connectivity, and serves as a bridge linking the Mainland and global markets. It provides high-standard professional services for international trade, helping our country promote the new development pattern of “dual circulation”.Multinational Supply Chain Management Centre106. HKTDC and InvestHK jointly encourage Mainland enterprises to establish a foothold in Hong Kong and set up international or regional headquarters for managing offshore trading and supply chain, thereby assisting these enterprises in going global and planning supply chains and industry chains. HKTDC will provide them with one-stop professional consulting services to help them establish market connections and understand laws and regulations in overseas markets.107. Hong Kong serves as an important regional trade financing centre. The outstanding trade finance by banks has reached $380 billion, about 40 per cent of which provide financing for merchandise trade outside Hong Kong. The Trade Financing Liquidity Facility recently introduced by HKMA and PBoC also provides greater flexibility for RMB trade financing. In addition, the Hong Kong Export Credit Insurance Corporation will provide credit insurance for export services relating to multinational supply chain to render more comprehensive support to enterprises seeking to go global.108. The Government will make reference to the Model Law on Electronic Transferable Records advocated by the United Nations Commission on International Trade Law and consider legislative amendments to facilitate digitalisation of trade documents. We will submit the relevant legislative proposal to LegCo next year.Network Expansion109. To expand our trade network and attract more inward investment and enterprises from the Global South markets to Hong Kong, the Government is following up actively with the governments of Malaysia and Saudi Arabia on the establishment of Economic and Trade Offices in these two countries. In addition, InvestHK has established consultant offices in Cairo, Egypt and Izmir, Türkiye. HKTDC has also set up a consultant office in Cambodia.110. We are exploring the signing of investment agreements with Saudi Arabia, Bangladesh, Egypt and Peru, and conducting negotiations with 17 countries on Comprehensive Avoidance of Double Taxation Agreements.Strengthen Co-operation with Belt and Road Countries111. Hong Kong will continue to utilise our role as a functional platform for the Belt and Road (B&R) Initiative. We, together with business and professional services sectors, will continue to further cultivate the ASEAN and Middle East markets, and explore opportunities in Central Asia, South Asia and North Africa. HKTDC will strengthen B&R project matching, particularly on green development and I&T.112. The B&R Summit is a flagship platform for Hong Kong to participate in and contribute to the B&R Initiative. The 10th Summit will be organised in September and we will encourage different sectors to hold events around the Summit period for enhancing synergies.Supporting Local Enterprises113. To support the development of local enterprises and help them go global, we will inject $1.5 billion in total into the Dedicated Fund on Branding, Upgrading and Domestic Sales and the Export Marketing and Trade and Industrial Organisation Support Fund, and streamline application arrangements. CEDB will announce details later.114. The Government has been providing loan guarantees to businesses through the SME Financing Guarantee Scheme. As at the end of last year, a total of over $288 billion of loans has been approved under the Scheme, benefitting nearly 65 000 small and medium enterprises (SMEs). To meet the financing needs of SMEs during transformation, we relaunched the principal moratorium arrangement in November last year for one year, allowing enterprises to apply for principal moratorium for up to 12 months.115. In addition, many banks have joined the Taskforce on SME Lending jointly established by HKMA and the Hong Kong Association of Banks, committing to making flexible arrangements as far as practicable to ease the cash flow burden on SMEs. The funds dedicated for SME financing in the participating banks’ loan portfolios have recently been increased to over $390 billion. 116. To further assist local SMEs in tapping into the Mainland market and increasing sales from electronic commerce (e-commerce) markets, HKTDC will launch the “E-Commerce Express” in collaboration with large-scale e-commerce platforms to provide Hong Kong enterprises with one-to-one consultation services and thematic seminars. HKTDC will also enhance its mentorship scheme together with the Trade and Industry Department. By doing so, local enterprises will better leverage e-commerce and online shopping platforms in the Mainland to boost sales. In addition, HKTDC will organise the second edition of the Hong Kong Shopping Festival.International Maritime Centre117. Hong Kong is a leading international maritime centre. The Government will continue to embrace changes and adopt an innovative spirit to create a stronger impetus for the development of the industry.Establish Hong Kong Maritime and Port Development Board118. The Government will establish the Hong Kong Maritime and Port Development Board this year to strengthen relevant research, promotion and manpower training to facilitate the sustainable development of the international maritime centre.High Value Added Maritime Services119. In the past few years, the Government has introduced a series of tax measures conducive to the development of the maritime industry. In light of changes of international tax rules, we are enhancing these measures, including introduction of tax deduction on ship acquisition cost for ship lessors under an operating lease. To drive the development of maritime services, we also propose to provide half-rate tax concession to eligible commodity traders. We will introduce a bill into LegCo in the first half of next year.Modern Logistics Development120. The Government endeavours to identify and release suitable logistics sites. The first of such logistics sites in the vicinity of the Kwai Tsing Container Terminals has just been disposed of by public tender. Meanwhile, the Government initiated a study on the development model for logistics sites in the NM in order to develop modern logistics clusters. Findings of the study are expected to be announced this year.Smart Port121. To develop smart port, the Government has set aside $215 million to install the port community system, with a view to enhancing the flow of data among stakeholders in the maritime, port and logistics industries. We will seek funding approval from LegCo this year.International Aviation Hub122. The Hong Kong International Airport (HKIA) connects to nearly 200 global destinations. Daily passenger throughput and number of aircraft movements have largely returned to pre pandemic level. Air cargo throughput has topped the global ranking for multiple years. The HKIA Three-Runway System was commissioned at the end of last year, while the related passenger facilities will commence operation by phases from the end of this year.Airport City123. The Airport Authority Hong Kong (AA) has just promulgated a development plan for expanding the Airport City. With the aviation industry as its focal point, the Airport Island as well as the land and waters in its vicinity will be utilised for the development of a new highlight project encompassing high end commercial, art, tourism and leisure activities.Facilitate C919’s Entry to International Aviation Market124. In January this year, our country’s home developed aircraft C919 was officially deployed for scheduled flights between Hong Kong and Shanghai. The inaugural flight outside of the Mainland signified a major breakthrough for home developed aircrafts to go global. Hong Kong will help C919 enter the global market. The Hong Kong International Aviation Academy will expand its training programmes to cover C919 aircraft related aspects.Aircraft Parts Processing and Trading Centre125. Under the co-ordination of InvestHK, the AA has signed a Memorandum of Understanding with a leading overseas professional aeronautic services company to explore the possibility of providing professional services such as aircraft dismantling, parts recycling and related training in Hong Kong, thereby developing Hong Kong into the first aircraft parts processing and trading centre in Asia.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Budget Speech by the Financial Secretary (1)

    Source: Hong Kong Government special administrative region

    Budget Speech by the Financial Secretary (1)
    Budget Speech by the Financial Secretary (1)
    ********************************************

         Following is the full text of the Speech on the 2025-26 Budget delivered by the Financial Secretary, Mr Paul Chan, to the Legislative Council today (February 26): Mr President, Honourable Members and fellow citizens,      I move that the Appropriation Bill 2025 be read a second time. Introduction 2.   The Budget is presented at the halfway stage of the current-term Government. 3.   Over the past year, we have seen a number of positive developments in Hong Kong. Our economy has grown for two consecutive years. The employment market has been stable, while inflation remains moderate. Our efforts to attract talent and enterprises have been remarkably successful. The successive staging of large scale international mega events has been coupled with a notable increase in visitor arrivals. And sentiment in the stock market continues to improve alongside a generally buoyant atmosphere across the city. 4.   Nevertheless, Hong Kong has also experienced a lot of challenges. The international geopolitical landscape has caused disruptions to trade, supply chain, cash flow and sentiment in the investment market. Local asset prices are contained under a relatively high interest rate environment, whereas the retail and catering markets are still troubled by changes in the consumption pattern of visitors and our residents. 5.   While putting Hong Kong’s economic resilience to the test, these challenges signify to us the necessity to reform, innovate and relentlessly improve in the process of economic development. Although the large-scale, counter-cyclical measures launched over the last few years in response to the pandemic have helped us achieve our goal of “supporting enterprises, safeguarding jobs, stabilising the economy and easing the burden on people”, we have experienced fiscal deficits these few years as a result. Last year, revenue related to the asset market was far lower than expected due to a host of internal and external factors, and we continue to record a higher deficit this year. 6.   In this Budget, I propose a “reinforced version” of the fiscal consolidation programme, including a cumulative reduction of government recurrent expenditure by seven per cent from now through 2027-28. Strictly containing public expenditure is a must, but we should proceed in a steady and prudent manner and be careful to find a balance among the various impacts that may arise in the process. While laying a sustainable fiscal foundation for future development, this approach represents our all-out effort to minimise the impact on public services and people’s livelihood. It gives us a clear pathway towards the goal of restoring fiscal balance in the Operating Account, in a planned and progressive manner, within the current term of the Government. 7.   To seize the opportunities brought about by the rapid advancement of innovation and technology, we must accelerate the development of the Northern Metropolis (NM). It is an investment in our future. Given our prerequisites and capabilities, we can suitably expand the size of bond issuance on the premise of maintaining healthy public finances and use the funds raised in a proper and flexible manner to invest in Hong Kong’s future and create value for our society. 8.   In the midst of global changes, technological innovation is our core engine. We must expedite our economic development, in particular boosting new economic driving forces while enhancing the competitive edge of traditional industries at an accelerated pace. Technology reform and artificial intelligence (AI) development are remolding the global landscape, leading to the emergence of new industries, new forms of business, new products and new services. We have to seize the opportunity to make the most out of this critical window to speed up our development, establishing the new before abolishing the old. Transformation and innovation will lead our way into the future, and we are poised to fast-track the high quality development of Hong Kong’s economy. I will elaborate on this a little later. Economic Situation in 2024 9.   Last year, Hong Kong’s economy progressed steadily amid a complicated and changing environment. The unstable international geopolitical situation, escalated trade conflicts and elevated global interest rates exerted adverse impact on local economic activities and confidence. Nevertheless, our country’s economy is making steady progress and has rolled out measures benefitting Hong Kong one by one. Together with the Government’s initiatives to boost the economy and interest rate cuts by the US since mid-September, they all provided support to different economic segments in Hong Kong. Hong Kong’s economy recorded moderate growth of 2.5 per cent last year. 10.  The International Monetary Fund (IMF) estimated that the global economy grew by 3.2 per cent last year. Supported by the continuing expansion of external demand, Hong Kong’s total exports of goods grew by 4.7 per cent in real terms. 11.  As a result of our country’s various measures benefitting Hong Kong, together with a large number of mega events organised throughout the year and the recovery of our air traffic capacity, the number of visitors increased by about 30 per cent to approximately 45 million last year, boosting the travel and transport services. Other cross-boundary economic activities also improved. Total exports of services grew by 4.8 per cent for the year. 12.  As the economy grew and the Government took forward infrastructure projects, overall investment expenditure rose by 2.4 per cent. Private consumption expenditure, however, slightly declined by 0.6 per cent for the year, as a result of changes in the consumption pattern of local residents. 13.  The labour market remained tight. The latest unemployment rate stayed low at 3.1 per cent. The median monthly employment earnings of full-time employees grew by a solid 4.8 per cent, year-on-year, in the fourth quarter of last year. 14.  Inflation was mild in overall terms. Netting out the effects of the Government’s one-off measures, the underlying consumer price inflation rate was 1.1 per cent last year. 15.  Sentiment in the asset markets improved during the year, benefitting from a series of measures of the Central Government to support Hong Kong’s capital market, as well as the rate-cut cycle of the US. The stock market saw increases in both prices and turnover volume. The Hang Seng Index rose by 18 per cent for the year, and the average daily turnover increased by 26 per cent. Funds raised by new listings increased to $88 billion. 16.  The residential property market continued to adjust in the first three quarters of last year. But it stabilised after the interest rate cuts. For the year, the number of transactions increased by 23 per cent to about 53 000, while property prices fell by seven per cent. The non-residential property market remained stagnant. Economic Outlook for 2025 and the Medium Term 17.  The Hong Kong economy still faces a very challenging external environment, but there are quite a few positive factors at the same time. 18.  Trade protectionism affects global trade and capital flows, dampens investment and consumer confidence, and weighs on global economic growth. It is encouraging that the Mainland economy continues to grow steadily. Our country’s domestic and international circulation, expansion of high-standard opening-up, global setup of industry chains and supply chains by Mainland enterprises, etc. benefit the steady development of external trade. In addition, the Mainland economy is resilient and has a solid foundation. The Central Government’s implementation of a more proactive fiscal policy and a moderately accommodative monetary policy, along with its efforts to expand domestic demand, add momentum to economic growth. 19.  The gradual easing of monetary policies by major central banks should support their economic growth. However, the economic and trade policies of the US have brought uncertainties to the pace of rate cuts this year. The European Central Bank also indicated that it would lower interest rates further if inflation broadly trends towards its target level. According to the IMF’s latest projections, the global economy will grow by 3.3 per cent this year, slightly higher than last year. 20.  Against the above backdrop, Hong Kong’s exports are expected to see steady performance this year. Moreover, riding on various policies and good momentum of last year, visitor arrivals should continue to increase. Together with the recovery of other cross-boundary economic activities, these should drive continuing growth in services exports. 21.  On domestic demand, investors may be more cautious due to uncertainties in the external environment. However, the expected relaxing of the global financial conditions will bode well for fixed asset investment. After last year’s adjustment, private consumption showed stabilising signs towards the end of the year. A sustained increase in residents’ income and steady development of the asset markets would boost consumption further. 22.  Based on the above considerations, we forecast that Hong Kong’s economy will continue to grow moderately this year, rising by two to three per cent in real terms for the year. 23.  As for prices, it is expected that domestic cost pressures might increase as the economy continues to grow. External price pressures should remain broadly in check, though geopolitical situation might bring risks. We forecast the underlying inflation rate and headline inflation rate this year to be 1.5 per cent and 1.8 per cent respectively. 24.  In the medium term, monetary policy normalisation will help sustain solid growth in the global economy. The “Global South”, in particular the Mainland, will continue to be an important driver of global economic growth. 25.  Geopolitics will still bring challenges to Hong Kong’s economy. However, the Mainland is promoting high-quality development through scientific and technological innovation, comprehensively deepening reform, and expanding high-standard opening-up. Hong Kong is also making every effort to promote market diversification and open up new growth areas, and the economy is expected to grow steadily. 26.  Under “one country, two systems”, Hong Kong is the only place in the world that combines the global advantage and the China advantage. The current term Government has been vigorously expanding economic capacity and enhancing competitiveness, and achieved considerable results. As long as we actively integrate into our country’s development and proactively align with national development strategies, we will definitely continue to seize new opportunities arising from the economic development of our country and the world, creating a bright future. 27.  We forecast that Hong Kong’s economy will grow, on average, by 2.9 per cent a year in real terms from 2026 to 2029. The underlying inflation rate is forecast to be on average 2.5 per cent a year.

     
    Ends/Wednesday, February 26, 2025Issued at HKT 11:13

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    MIL OSI Asia Pacific News

  • MIL-OSI Europe: Answer to a written question – Citizens at risk of poverty or social exclusion – E-000087/2025(ASW)

    Source: European Parliament

    In line with the Treaties, the primary responsibility for social inclusion policies lies with the Member States. The Commission supports Member States in addressing poverty and social exclusion.

    The European Pillar of Social Rights Action Plan proposed an ambitious and realistic EU target to reduce the number of people at risk of poverty or exclusion by at least 15 million by 2030. All Member States have defined national targets relating to this EU headline target.

    A number of EU initiatives[1] that directly relate to poverty reduction and their implementation at national level will be key to achieve the EU target. EU funding, including the European Social Fund Plus[2] and the European Regional Development Fund[3], supports social inclusion.

    The number of persons at risk of poverty or social exclusion (AROPE) has declined by around 1.6 million in the EU since the reference year of the EU target (from 2019 to 2023), with a rate of 21.4% of the population in 2023.

    Trends in the Member States have been heterogenous with some increases in some Member States and declines in others. This also shows that the policies put in place by the Member States and the EU in recent years have been mitigating to a large extent the negative social impacts of the pandemic, Russia’s war of aggression against Ukraine as well as by the high energy prices and increases in the costs of living.

    Looking forward, the target remains within reach, but this will require further substantial efforts. T he Political Guidelines 2024-2029[4] announced a new action plan for implementing the European Pillar of Social Rights and the first-ever EU anti-poverty strategy, which will aim to help people to get access to the essential protections and services they need, along with addressing the root causes of poverty.

    • [1] European Child Guarantee, Council Recommendation (EU) 2021/1004 of 14 June 2021 — https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32021H1004
      Directive on adequate minimum wages, Directive (EU) 2022/2041 — https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32022L2041
      Council Recommendation on adequate minimum income ensuring active inclusion, Council Recommendation (EU) 2023/C 41/01 of 30 January 2023 — https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023H0203%2801%29
      European Platform on Combating Homelessness, Lisbon Declaration on the European Platform on Combatting Homelessness of 21 June 2021
      Council Recommendation on Access to social protection, Council Recommendation (2019/C 387/01) of 8 November 2019 — https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32019H1115%2801%29
      Commission Communication on the European care strategy COM/2022/440 final — https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52022DC0440
      Commission Communication on better assessing the distributional impact of Member States’ policies, COM(2022) 494 final — https://eur-lex.europa.eu/legal-content/en/ALL/?uri=CELEX%3A52022DC0494
    • [2] European Social Fund Plus — Regulation (EU) 2021/1057 of the European Parliament and of the Council of 24 June 2021 establishing the European Social Fund Plus (ESF+) and repealing Regulation (EU) No 1296/2013 — https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32021R1057
    • [3] Regulation (EU) 2021/1058 of the European Parliament and of the Council of 24 June 2021 on the European Regional Development Fund and on the Cohesion Fund — https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32021R1058
    • [4] https://commission.europa.eu/document/download/e6cd4328-673c-4e7a-8683-f63ffb2cf648_en?filename=Political%20Guidelines%202024-2029_EN.pdf
    Last updated: 26 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: REPORT on the European Social Fund Plus post-2027 – A10-0014/2025

    Source: European Parliament

    MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

    on the European Social Fund Plus post-2027

     

    (2024/2077(INI))

    The European Parliament,

     having regard to the Treaty on the Functioning of the European Union, and in particular Articles 46(d), 149, 153(2)(a), 164, 175 and 349 thereof,

     having regard to Regulation (EU) 2021/1057 of the European Parliament and of the Council of 24 June 2021 establishing the European Social Fund Plus (ESF+)[1],

     having regard to the Regulation (EU) 2024/3236 of the European Parliament and of the Council of 19 December 2024 amending Regulations (EU) 2021/1057 and (EU) 2021/1058 as regards Regional Emergency Support to Reconstruction (RESTORE)[2],

     having regard to the UN Convention on the Rights of Persons with Disabilities (UNCRPD), which entered into force on 21 January 2011 in accordance with Council Decision 2010/48/EC of 26 November 2009 concerning the conclusion, by the European Community, of the United Nations Convention on the Rights of Persons with Disabilities[3],

     having regard to the European Pillar of Social Rights (EPSR) proclaimed and signed by the Council, Parliament and the Commission on 17 November 2017,

     having regard to the La Hulpe Declaration on the Future of the European Pillar of Social Rights signed by Parliament, the Commission, the European Economic and Social Committee and the Council on 16 April 2024,

     having regard to the Liège Declaration of 5 March 2024 entitled ‘Affordable, decent and sustainable housing for all’,

     having regard to the Commission communication of 27 March 2024 on the 9th Cohesion Report (COM(2024)0149),

     having regard to the Communication Commission of 20 March 2024 entitled ‘Labour and skills shortages in the EU: an action plan’,

     having regard to the Council recommendation of 12 March 2021 on Roma equality, inclusion and participation[4],

     having regard to the Commission communication of 4 March 2021 entitled ‘The European Pillar of Social Rights Action Plan’ (COM(2021)0102) and its proposed 2030 headline targets on employment, training and reducing poverty,

     having regard to the Commission communication of 7 October 2020 entitled ‘A Union of Equality: EU Roma strategic framework for equality, inclusion and participation’ (COM(2020)0620),

     having regard to the annual reports of the European Court of Auditors on the performance of the EU budget for 2019 and 2021,

     having regard to its resolution of 23 November 2023 on job creation – the just transition and impact investments[5],

     having regard to its resolution of 21 November 2023 entitled ‘Children first – strengthening the Child guarantee, two years on from its adoption’[6],

     having regard to its resolution of 13 December 2022 entitled ‘Towards equal rights for persons with disabilities’[7],

     having regard to its resolution of 29 April 2021 on the European Child Guarantee[8],

     having regard to its resolution of 10 February 2021 on reducing inequalities with a special focus on in-work poverty[9],

     having regard to its resolution of 21 January 2021 on access to decent and affordable housing for all[10],

     having regard to its resolution of 21 January 2021 on the EU Strategy for Gender Equality[11],

     having regard to its resolution of 24 November 2020 on tackling homelessness rates in the EU[12],

     having regard to its resolution of 8 October 2020 on the Youth Guarantee[13],

     having regard to its resolution of 5 July 2022 entitled ‘Towards a common European action on care’[14],

     having regard to its resolution of 18 June 2020 on the European Disability Strategy post-2020[15],

     having regard to the report by Mario Draghi of 9 September 2024 on the future of European competitiveness,

     having regard to the report by Enrico Letta of 10 April 2024 entitled ‘Much more than a market’,

     having regard to Rule 55 of its Rules of Procedure,

     having regard to the opinion of the Committee on Regional Development,

     having regard to the report of the Committee on Employment and Social Affairs (A10-0014/2025),

    A. whereas the European Social Fund Plus (ESF+) supports, complements and adds value to the policies of the Member States in order to ensure equal opportunities, equal access to the labour market, fair and high-quality working conditions, social protection and inclusion, in particular focussing on quality and inclusive education and training, lifelong learning, investment in children and young people and access to basic services;

    B. whereas the ESF+ is the only EU fund primarily focused on social policies, and is therefore unique in itself and is strongly effective and necessary in achieving social inclusion, together with the cohesion policy; whereas the ESF+ must be used in the most efficient way in order to achieve systemic changes via structural reforms, focussing on its complementarity with Member States’ budgets in order to motivate the Member States to use the fund for these reforms, notwithstanding that it is crucial also to develop more holistic social policies at EU level to tackle inequalities and exclusion;

    C. whereas cohesion policy, the European Structural and Investment Funds and, in particular, the ESF+, are strong tools for cohesion between Member States, regions and areas, including urban and rural areas;

    D. whereas the situation and needs of each region in the EU are different; whereas local communities are the direct beneficiaries of the ESF+, and it is a precondition that regional and local stakeholders are directly involved in shaping this instrument; whereas community-led local development is a tool for involving citizens at local level in developing responses to the social, environmental and economic challenges faced today and thus it is an important tool to facilitate the implementation of the ESF+; whereas the implementation of the ESF+ at national level is often accompanied by unnecessary administrative burdens and complicated or ineffective rules;

    E. whereas different people in vulnerable situations have different needs, such as children, single parent and large families, women in poverty, unemployed people and those in precarious jobs, migrants, labour migrants and victims of human trafficking, children, persons with disabilities, young and elderly people, homeless people and Roma people; whereas the digital and green transition is much needed and brings many opportunities but also challenges for everyone, such as the digital skills gap and the digital gender divide, and the need to reskill the workforce, and whereas to succeed in this endeavour, the EU must ensure a just transition that does not leave anyone behind; whereas there are people in vulnerable situations in the EU who are left on the margins of social policies and ESF+ funded programmes; whereas extraordinary efforts and structural changes are needed to reach all people in vulnerable situations and to prevent the number of people in these situations from increasing;

    F. whereas around 100 million people in the EU have some form of disability; whereas only half of persons with disabilities are employed; whereas 28.8 % of persons with disabilities are at risk of poverty or social exclusion[16]; whereas persons with disabilities living in the EU continue to face multiple and intersectional forms of discrimination in all areas of their life, including the denial of decent accommodation; whereas persons with disabilities are entitled to enjoy their fundamental rights on an equal basis and are entitled to full and effective participation in all areas of life and society;

    G. whereas 22.3 % of women live in poverty, compared to 20.3 % of men, and whereas women continue to be more affected by poverty and the risk of social exclusion than men[17]; whereas women in the EU earn 12.7 % less than men on average and this gender pay gap has over decades resulted in a 29.5 % gender pension gap, creating an unequal level of economic independence between elderly women and men; whereas almost half of single mothers live in poverty or are at risk of poverty or social exclusion;

     

    H. whereas in 2023, 94.6 million people in the EU, some 21.4 % of the population, were living in households at risk of poverty or social exclusion, with an at-risk-of-poverty or social exclusion rate of 24.8 % for the EU-27[18]; whereas in 2020, approximately 14 % of households with children (7.8 million households) consisted of single parents; whereas almost half (48 %) of single mothers and a third (32 %) of single fathers are at risk of poverty or social exclusion[19]; whereas almost one in four children in the EU as a whole is therefore at risk of poverty or social exclusion; whereas the youth unemployment rate in the EU is nearly 15 %; whereas being unemployed, in particular at a young age, can lead to financial problems, as well as social isolation, mental health issues and less happiness;

    I. whereas Europe’s overall increase in life expectancy and demographic ageing  is generating a growing demand for care across all age groups; whereas 80 % of long-term care is provided by informal carers, predominantly women; whereas the care sector faces a growing shortage of workers in all Member States; whereas the European care strategy aims to ensure quality, affordable and accessible care services with better working conditions and work-life balance for carers across the EU; whereas programmes, projects and actions that promote active ageing and intergenerational ties are supported through the ESF+; whereas the ESF+ is the main EU funding instrument to support the Member States in the implementation of the EU-wide rules on the work-life balance for parents and carers;

    J. whereas the availability and affordability of decent housing is decreasing because of reasons that may differ from one Member State to another, such as over-liberalisation of the market, real-estate speculation, unregulated short-term rentals, the drop in purchasing power of people in poverty and the lack of social and public housing, and is one of the major challenges Europeans are facing today; whereas we are far from reaching the target of ending homelessness by 2030; whereas the EU will have its first ever Commissioner for tackling the housing crises, and the first ever European affordable and sustainable housing plan is expected in 2025; whereas homeless children should be specifically targeted in this plan; whereas such proposals, in line with the principle of subsidiarity, need to go hand in hand with national measures in order to improve access to sustainable and affordable housing and the quality of everyday life, such as measures concerning short-stay rentals or other market interventions in highly stressed areas;

    K. whereas one child in four is still at risk of poverty and social exclusion in the EU[20], and whereas the current trend will not meet the target of reducing the number of children in poverty by at least 5 million by 2030; whereas the European Child Guarantee aims to prevent and combat child poverty and the social exclusion of children in need, by guaranteeing effective and free access to high-quality early childhood education and care, education, school-based activities, at least one free healthy meal each school day, as well as healthcare, and effective access to healthy nutrition and adequate housing; whereas the Executive Vice-President of the Commission for Social Rights and Skills, Quality Jobs and Preparedness is responsible for strengthening the Child Guarantee; whereas ESF+ resources alone are not sufficient for addressing the challenge of child poverty in the EU and, therefore, a significant increase in funding for the European Child Guarantee as well as synergies with other European and national funds are of the utmost importance;

    L. whereas the social and economic integration of migrants, including labour migrants, refugees and victims of human trafficking, should be improved in order to ensure that they are included in our societies; whereas successful inclusion requires not only equal access to the labour market, but also complete participation in society; whereas special attention should be given to migrants coming from non-EU countries and undocumented migrants; whereas different EU funds, including ESF+ and the Asylum, Migration and Integration Fund, play their own role in this regard;

    M. whereas the population of the EU is decreasing; whereas depopulation is taking place in some regions and there is an increasing concentration of the population in certain urban areas; whereas efforts should be made to increase development and cohesion in these areas; whereas demographic changes will lead to a smaller workforce,  requiring the upskilling, reskilling and expansion of the workforce;

    N. whereas the report on the future of European competitiveness by Mario Draghi warns of the significant skills gap the EU is facing, with 77 % of EU companies reporting that even newly recruited employees do not have the required skills, and 42 % of Europeans lacking digital basic skills; whereas the report deplores the insufficient number of workers benefiting from training and the lack of progress in this area, with more than 50 million workers requiring training to meet the headline target of adults participating in training every year; whereas vocationally trained professionals and people with practical skills are crucial to European societies; whereas the further building of European competitiveness cannot be achieved without strengthening human capital; whereas timely investments in the reskilling and upskilling of workers that are at risk of losing their jobs or whose skills have become obsolete can among others help prevent them from becoming trapped in poverty;

    O. whereas particular attention, including specific measures targeting the needs on the ground where relevant, should be paid to rural areas, areas affected by industrial transition, the outermost regions and regions that suffer from severe and permanent natural, economic or demographic disadvantages, such as sparsely populated regions, islands, mountainous areas and cross-border regions;

    P. whereas the Commission has proposed minimum targets for 2030 to ensure progress towards Roma equality, inclusion and participation under the 10-year plan to support Roma in the EU; whereas these targets include, among others, reducing the gap in housing deprivation by at least one third, cutting the proportion of Roma children who attend segregated primary schools by at least half in Member States with a significant Roma population, and reducing the poverty gap between Roma and the general population by at least half; whereas the ESF+ will remain the main financial tool for reaching the 2030 Roma targets;

    Principles of the ESF+ post-2027

    1. Insists that the ESF+ must continue to be the key and primary instrument for supporting the Member States, regions, local communities and people in strengthening the social dimension of the Union and in pursuing socio-economic development that leaves no one behind;

    2. Stresses that the ESF+ must address, contribute and adapt to tackling social challenges such as the consequences of climate change and digitalisation, while addressing social challenges such as the rising cost of living and wages that do not increase at the same speed, promoting social resilience, reducing inequalities and protecting the most vulnerable people; insists that the ESF+ should drive long-term investment and growth, focusing on social and territorial cohesion, while supporting structural transformation across the EU and enhancing convergence between the Member States;

    3. Insists that the ESF+ must continue to enhance upward social convergence, especially for the most deprived people, and invest in human capital, employment, skills development and social inclusion, while boosting entrepreneurship and social innovation, investing in children, addressing the digital and green transition, demographic challenges and regions impacted by crises, among others Russia’s war of aggression against Ukraine;

    4. Insists that the ESF+ must continue to enhance employment opportunities, facilitate fair labour mobility, foster the creation of quality jobs, ensure decent working conditions and improve the employment participation rate, in particular of women, persons with disabilities and other people in vulnerable situations, to enhance social and economic resilience and thus help to adapt to industrial changes, also through training, reskilling and upskilling;

    5. Underlines the need for the ESF+ to be based on a social investment strategy and life-long approach by supporting measures that can provide medium- to long-term solutions for people;

    6. Insists that the objectives of the ESF+ should be to achieve social inclusion, high employment levels with high-quality and sustainable jobs, adequate wages, decent working conditions, including the wellbeing of workers, healthy working environments, fair social welfare systems in the Member States, as well as vocational education and training opportunities, and lifelong learning for all, taking into account specific needs of people in vulnerable situations, in order to develop a skilled, competitive and resilient workforce, ready for the twin transition and the future world of work, and to build fair social protections and inclusive and cohesive societies, with the aims of eradicating poverty, combating inequalities and delivering on the principles and the headline targets set out in the EPSR;

    7. Calls for a strong, reinforced and separate ESF+ with significantly increased public support for instruments in the Member States with the aim of providing for people in vulnerable situations and those most in need in our societies, investing in people and skills, helping to lift people out of poverty and social exclusion, and boosting social investment and social entrepreneurship; insists, therefore, that achieving the ESF+ post-2027 objectives would require an important and substantiated increase in the ESF+ budget in the 2028-2034 ESF+ financial envelope;

    8. Calls on the Commission to provide increased, dedicated and well-allocated funding for attaining the objectives of the ESF+ and those of the EPSR and its action plan and headline targets; expresses concerns, therefore, over attempts to split or merge the existing ESF+ with other funds, since that could create serious risks for the implementation of its objectives and those of the EPSR, its action plan and headline targets; warns that unifying, streamlining, centralising or merging funds may not improve their effectiveness; stresses, in this regard, that any possible remodelling of the fund must preserve the effectiveness and the purpose of the ESF+ by serving the objectives of promoting employment, social inclusion, education, training and skill development, and must be managed as close as possible to the beneficiaries;

    9. Believes that the ESF+ should remain in a shared management governance model and that therefore it needs to be avoided that a different ESF+ governance leads to losing the priority given to social aspects, including employment, education, skills, training and social inclusion projects, a potential loss of focus, and to the funding not reaching the local level, people in vulnerable situations and those most in need, while increasing the risk of the funds being reallocated for other purposes;

    10. Calls on the Commission and the Member States to ensure the participation, provision of information to and consultation of social partners, civil society organisations (CSOs), including not-for-profit social services, social enterprises, education and training providers, and representatives of the target groups in the design, implementation, monitoring and evaluation stages of the ESF+, to allocate adequate funding for this purpose and to prevent the exclusion of smaller actors; calls on the Commission to respect the partnership principle at EU level, as it is essential to the success of the ESF+ and must be maintained under the next multiannual financial framework (MFF); calls for the CSOs to be involved in the ESF+ Committee, as they are the main implementing partners of the fund;

    11. Highlights the need for the ESF+ governance model to allow, while keeping a high level of transparency, for national, regional and local specificities and challenges to be well-reflected in operational programmes, not least by taking due account of the expertise of national and regional stakeholders, including civil society, and by ensuring that the funding goes to organisations and activities that target people in need;

    12. Highlights that the availability of and universal access to quality public services such as early childhood education and care, education and health, as well as access to adequate, affordable and decent housing and essential services such as affordable energy, sanitation, water and healthy nutrition, are necessary conditions for ensuring equal opportunities and improving employment levels, improving living and working conditions and fighting poverty and social exclusion; underlines the role that the ESF+ can play in this regard; draws particular attention to the situation of older people who, due to rising living costs and the declining purchasing power provided by their pensions, are living in or are at risk of falling into severe poverty, which often leads to them being deprived of basic needs, such as food, housing and access to care facilities, resulting in the loss of social dignity;

    13. Notes that the current ESF+ programme was adopted before the emergence of the crises that have led to high inflation and an increased cost of living, and therefore require higher public and social investment, such that the existing ESF+ cannot meet current needs; calls on the Commission, therefore, to ensure that a comprehensive, stable and large-scale needs-and-rights based budget, which takes into account inflation, the increased cost of living, poverty rates and the need for access to affordable housing, is guaranteed for the ESF+ in the next MFF;

    14. Underlines that the post-2027 ESF+ should invest in tackling enduring social challenges and stay close to the general and specific objectives set out in the current ESF+, while being capable of responding and adapting to changing socio-economic circumstances; emphasises the importance of the fund’s principles of shared management, clear objectives and thematic concentrations, and that most of the fund should be spent as close as possible to those using the fund in close cooperation with local and regional authorities and organisations; highlights the need to share best practices on the most efficient and transparent implementation of the ESF+; highlights the need to continuously assess the impact and effectiveness of ESF initiatives;

    15. Stresses that the post-2027 ESF+ should first and foremost address structural social and economic challenges; expresses its concern that the ESF+ has been repeatedly used as an emergency response tool and underlines that this approach poses a risk for the longer-term policy and investment objectives of cohesion policy and also poses the risk that the people for whom cohesion policy is intended cannot be sufficiently reached;

    16. Calls on the Commission, therefore, to protect the budget allocation of the ESF+ so that it can be used for its main objectives and beneficiaries and to propose a financial reserve instrument that enables the EU to respond rapidly and in a flexible manner to social emergencies and crisis situations, complementing the ESF+ and other cohesion funds, either built on the success of the temporary EU instrument launched in 2020, entitled ‘Support to mitigate Unemployment Risks in an Emergency (SURE)’, or be it an EU unemployment reinsurance scheme, or based on the EU Solidarity Fund, designed to be mobilised to repair damage caused by natural disasters or public health emergencies; calls on the Commission, therefore, to ensure its sufficient funding with a view to the increased risks in these areas due to climate change;

    Objectives, priorities and budget

    17. Underlines that horizontal principles, such as gender equality, anti-discrimination based on sex, gender, sexual orientation, age, religion or belief, nationality, or racial or ethnic origin[21], and freedom of movement, should be integral to the ESF+; stresses the importance of an intersectional approach throughout the entire development, implementation, monitoring and evaluation of the fund;

    18.  Stresses the importance of the social inclusion of persons with disabilities and insists therefore that the ESF+ supports the employment of persons with disabilities through work and training placements, especially in facilitating transitions from sheltered workshops to the open labour market;

    19.  Stresses that more efforts are needed to ensure that persons with disabilities can access quality support and enjoy their rights as described in the UNCRPD; stresses that the upcoming ESF+ should keep prioritising independent living and the transition from institutional care to community-based care, and facilitate home support and personal assistance schemes; calls for the ESF+ to deliver on the European disability rights strategy 2021-2030, and in particular to facilitate the implementation of the upcoming EU Guidance on Independent Living and Inclusion in the Community, the upcoming Framework on Social Services of Excellence for Persons with Disabilities, and the Disability Employment Package;

    20. Insists that the ESF+ should target disadvantaged people in our societies, in particular marginalised people and communities such as children in vulnerable situations and older people, ethnic minorities, Roma people, persons with disabilities or chronic diseases, homeless people, low-income groups, the long-term unemployed, as well as those living in rural areas, islands or remote regions who face unique socio-economic challenges; underlines that the ESF+ must be inclusive, with special attention given to all kinds of families, people and families in depopulated areas where access to services and opportunities can be more limited, and to children deprived of parental care; further stresses that the ESF+ should encourage the adoption of measures that prevent family separation for families in precarious situations, including parenting education programmes, family-focused therapy and employment training;

    21. Stresses that the ESF+ should invest in projects targeting women’s employment and the social and economic inclusion of women, with special attention to single mothers and female-headed households; insists that the ESF+ supports women who are in vulnerable situations and need extra support to (re)integrate in societies and the labour market, including women who are victims of gender-based violence, including economic violence; calls for a cross-cutting gender approach[22] along the ESF+;

    22. Calls on the Commission, in the light of current challenges, to include in the specific objectives of the ESF+ the promotion of the just transition, ending homelessness, the promotion of social enterprises in the social economy and the socio-economic integration of people in vulnerable situations, including migrants, young people, older people and those living in areas impacted by demographic decline and persons with disabilities or chronic diseases, as well as those coming back to the labour market after a longer absence;

    23. Stresses that reaching the EPSR’s targets on poverty becomes challenging, unless specific support is dedicated to developing medium to long-term solutions to lift people out of poverty and to tackle the structural causes of inequalities, making them more resilient to upcoming challenges, addressing current gaps in national social protection systems and therefore reinforcing welfare systems, and mitigating the social impact of crises in a targeted manner; insists on dedicating support to ensure decent living conditions leaving no-one behind, with access to high-quality essential public services; calls for the EU anti-poverty strategy, outlined in Commission President Ursula von der Leyen’s political guidelines for the 2024-2029 term to go beyond policy proposals and to allocate better funding in the upcoming MFF dedicated to social justice across funds, and to ease the delivery of the ESF+ on the ground; underlines the role of the ESF+ in implementing the strategy;

    24. Stresses that addressing child poverty requires appropriately funded, comprehensive and integrated measures, together with the efficient implementation of the European Child Guarantee at national level, and insists that it constitutes a central pillar of the EU anti-poverty strategy; repeats its previous demands for the ESF+ post-2027 financial envelope to include a dedicated budget of at least EUR 20 billion for the European Child Guarantee; insists that all the Member States should allocate at least 5 % of their ESF+ resources to tackling child poverty and those Member States with a rate of children at risk of poverty or social exclusion above the EU average should allocate a higher amount to tackle the problem more effectively; insists on transparent and efficient use of the European Child Guarantee budget as close to the target groups as possible and in cooperation with whole spectrum of stakeholders and local organisations;

    25. Urges the Commission, in line with the two general objectives of the fund and to reflect their importance on an equal footing, to raise the earmarking for social inclusion beyond the current 25 % and the earmarking for food aid and basic material assistance for the most deprived persons to 5 %, in response to rising living and food costs;

    26. Welcomes the Commission president’s announcement the delivery of a European affordable housing plan and the launch of a pan-European investment platform on affordable and sustainable housing; shares the ambition to prioritise the tackling of the housing crisis, in line with the principle of subsidiarity, and emphasises that the post-2027 ESF+ should enhance timely and equal access to affordable, decent, accessible, inclusive, sustainable and high-quality services promoting access to housing, including measures such as social housing and affordable rental schemes; believes that all Member States must invest a sufficient amount of their ESF+ resources into tackling homelessness and asks the Commission to propose a significant earmarking for this;

    27. Emphasises the need to ensure sufficient financing of the ESF+ post-2027 for high-quality, accessible public education and training for all, as well as the social right for workers to participate in skills development, upskilling, reskilling and lifelong learning, and for the addressing of skills shortages and brain drain, ensuring that individuals can successfully navigate labour market transitions without facing any type of discrimination, particularly workers impacted by the digital and green transition, and promoting specific actions for older workers to make the most of senior talent and experience; calls in this context for close cooperation between key actors, including educational institutions, employers, workers, governments and local authorities;

    28. Underlines the potential of the ESF+ in fostering innovation and digital skills, while supporting workers affected by the digital and green transition by aligning educational and training programmes in a targeted way with the evolving needs of key sectors and ensuring access to lifelong learning opportunities, so that workers of all ages can continuously adapt their skills to meet the new employment needs of a rapidly changing economy; stresses the need for more subsidies and development of programmes that support workers in the digital and green transition, including retraining and reskilling of workers;

    29. Insists that measures aiming to improve access to the labour market and promote skills acquisition should be designed in a way that promotes and recognises the autonomy of individuals, anticipates future skills needs and targets employees at risk of future job-loss; recalls in this context the wide range of skills-enhancing initiatives undertaken at the EU level that can provide useful guidance to the development of education and training programmes at the national and regional level;

    30. Calls for the strengthening of efforts to support the implementation of the Youth Guarantee; urges the Commission to propose an increased earmarking beyond the current 12.5 % of their ESF+ resources for all Member States to support the targeted actions and structural reforms to support quality youth employment, vocational education and training, in particular traineeships and apprenticeships, and the transition from school to work, pathways to reintegrate into education or training and second chance education; repeats, in this context, its call on the Member States to ban exploitative practices, including unpaid traineeships; emphasises the need for monitoring and evaluation mechanisms to ensure its long-term impact and effectiveness;

    31. Underlines the importance of the ESF+ in focusing on different groups with different needs; stresses, therefore, the importance of allocating support to, among others, projects on the social inclusion of persons with disabilities, Roma people, the ageing population in society, women and children, and female-headed and large households and families, and the socio-economic integration of migrants, including labour migrants, with special attention to migrant women; emphasises further that the ESF+ should support projects for social and educational objectives and improving skills in regions experiencing significant depopulation; insists that the ESF+ post-2027 incorporates other aspects of social inclusion, such as housing, health and family circumstances and the support of public and community-based services; underlines that there is no ‘one size fits all’ solution and that ways to address those needs may vary from region to region;

    32. Stresses that the Employment and Social Innovation strand of the ESF+ supports initiatives addressing the precarious situation of mobile workers and secures funding for trade union-related counselling, underlining the importance of workers’ representatives in collective bargaining; calls on the Commission and the Member States to provide stable funding for a European network of national and transnational trade union counselling services for such workers in order to enhance fair labour mobility;

    33. Recalls that the ESF+ should also aim to provide a healthy and well-adapted working environment in order to respond to health risks related to changing forms of work, and the needs of the ageing workforce; stresses that the pandemic has accelerated new realities and the rise of new forms of work brought by digitalisation, including artificial intelligence (AI), that have affected workers’ occupational safety and health; calls, in this light, for support and sufficient funding for  a directive on the right to disconnect and teleworking rules, a directive on AI in the workplace and a Directive on psychosocial risks and well-being at work, as well as increased funding to ensure effective work on the protection of workers against dangerous and harmful substances;

    34. Calls for the ESF+ to boost the effective implementation of the European care strategy in all Member States by investing in quality community-based and home care services and infrastructure, long-term care and support for persons with disabilities and older persons with support needs, and quality early childhood education and care through community-based, child and person-centred, high-quality, affordable and accessible public care systems that promote the autonomy of persons in need of care as well as their dignity and that of carers; calls for further investment in support for carers, formal and informal, while at the same time ensuring decent working conditions for workers in the care sector, including adequate salaries, via a Care Deal; calls on the Member States to make full use of ESF+ funds to reinforce and finalise the deinstitutionalisation process so as to ensure that every person can live in a family or community environment;

    35. Recalls that public expenditure is needed to ensure upward social convergence; stresses that the implementation of the EPSR and the reforms under the relevant country-specific recommendations in the European Semester are also dependant on the strong support of the ESF+ for certain policy measures, especially those related to strengthening social welfare systems, ensuring inclusive, accessible and high-quality public education and training, care systems and healthcare services, including for mental health, reducing child poverty and eradicating homelessness and those relating to equal treatment and opportunities for women and men, which must be guaranteed and strengthened in all areas, including labour market participation, terms and conditions of employment and career advancement;

    36. Recalls that EU policies can deliver the biggest impact when they are coordinated with funding instruments and other strategic frameworks, such as the European Semester and its country-specific recommendations; notes that the effectiveness of interventions funded by the ESF+ depends on the successful implementation of reforms;

    37. Underlines that social dialogue and collective bargaining are pivotal for well-being at work and the reduction of in-work poverty, social exclusion and wage inequality; calls on the Commission to allocate consistent, adequate and sufficient financial resources to capacity-building, with the aim of empowering social partners to play a relevant role in areas of their competence, strengthening their capacity to engage in social dialogue both at EU and national level and of enhancing social partners’ actions with an appropriate minimum obligation in all Member States, and to include technical assistance for these three purposes; further insists that CSOs and non-for-profit organisations should, on an equal basis, be guaranteed minimum access to funding to contribute to and pursue ESF+ objectives in the Member States; underlines at the same time the need to develop institutional capacity through strong and professional administration and to foster innovation in public sector management;

    38. Stresses the importance of employee-owned cooperatives, social enterprises and other alternative business models in reaching EU goals of inclusion; underlines that it is of the utmost importance that small social enterprises, not-for-profit social services and CSOs have access to all aspects of the ESF+; calls for a co-financing rate of at least 90 % for measures targeting the most deprived, and at least 70 % for all other actions implemented by small entities with limited capacity, such as CSOs, not-for-profit social services and social enterprises, in order for them to have access to funding while preserving a minimum number of different co-financing rates;

    Functioning of the fund

    39. Calls on the Member States to ensure coordination between regional and local authorities and organisations and their involvement in projects financed from national budgets and insists on the need to maintain the partnership approach of the current ESF+, which is key to strengthening the quality of the programmes financed under the ESF+; reiterates the need to adopt rules to manage the fund in cooperation with local actors that are closest to people’s needs and can develop place-based solutions that best suit their specific territories; highlights the need to involve regional and local actors in the implementation of the fund;

     40. Insists that the rules governing the use and the implementation of the ESF+ must ensure and enhance compliance with the rule of law, the EU acquis, the highest EU social standards, social rights and democratic principles, and be aligned with the EPSR, the UN’s sustainable development goals and fundamental human rights and workers’ rights, as also included in the Charter of Fundamental Rights of the EU;

    41. Calls for rules governing the ESF+ to allow public money to be allocated only to those employers that respect workers’ rights and the applicable rules on working conditions; calls, further, for more effective social conditionalities in rules on public procurement and concessions; encourages the Commission to create a comprehensive database, supplementing the Eurostat data, to allow for the timely and reliable monitoring of developments in employment, living conditions and industrial relations;

    42. Notes with concerns that the national governments often hinder efficient implementation of the ESF+ by imposing unnecessary administrative burdens or preventing local actors from managing support under the fund or funding opportunities; calls for the reduction of the administrative burden and bureaucracy, notably by simplifying the application processes for accessing funds and the reporting procedures for organisations, in particular for civil society and social economy organisations, and those of a smaller size; emphasises that beneficiaries, including not-for-profit social service providers, should be consulted for the design of the simplification measures; urges that simplification uphold the fundamental principles of shared management, transparency, accountability and independent scrutiny, as well as the principles of partnership, ensuring the proper administration of public funds;

    43. Recognises that excessive reliance on metrics such as the error rate may lead to a greater administrative burden; notes that different metrics, including measurements of inputs, outputs, performance or qualitative measures, may fit different objectives and interventions;

    44. Calls on the Commission to provide consistent support and communication to the Member States in order to help them set up individual projects effectively and transparently, including transparent and predictable conditions, which provide legal clarity and predictability to applicants, as well as for the final beneficiaries of the funding;

    45. Calls on the Commission to ensure more thorough evaluation of the effectiveness of individual interventions without imposing major new burdens on providers, for instance by simplifying the exchange of information between the Member States and the Commission and by creating evaluation desks at both EU and national levels;

    46. Reiterates that digitalisation is one of the important tools to reduce administrative burden and streamline applications for funding opportunities, and that as such it should be promoted and people’s digital skills strengthened; warns, however, that not all people are prepared for digitalisation and that certain groups of people, especially the most vulnerable, such as older people and those living in depopulated areas where access to services and opportunities can be more limited, and the projects targeting them, as well as CSOs, not-for-profit social services and social enterprises, could miss out on funding opportunities as a result;

    47. Sees that more work needs to be done for organisations and people to know about all the opportunities that the ESF+ can bring; insists that the Commission and the Member States raise awareness, inform and advise organisations about the opportunities presented by the ESF+ by carrying out information campaigns; sees that there is still a significant knowledge and skills gap, especially for social services, in accessing the current ESF+ and running EU-funded projects; considers, in particular, that the future ESF+ regulation should reserve a technical assistance budget to set up a network of national helpdesks or low-threshold information points offering services such as walk-in job counselling, coordinated at cross-European level in order to effectively deliver the training, guidance and support to organisations on the ground;

    48. Calls on the Commission and the Member States to strengthen synergies at all levels between projects supported by the ESF+ and by other EU funds;

    °

    ° °

    49. Instructs its President to forward this resolution to the Council, the Commission, the European Economic and Social Committee, and the European Committee of the Regions.

     

    MIL OSI Europe News

  • MIL-OSI United Kingdom: expert reaction to new research that found a bat-infecting coronavirus that can enter human cells similarly to COVID-19

    Source: United Kingdom – Executive Government & Departments

    New research published in Cell found a bat-infecting coronavirus can enter human cells in a similar way to COVID-19. 

    Dr Samuel Ellis, Research Fellow, Great Ormond Street Institute of Child Health (GOS ICH), University College London (UCL), said:

    “Virologists have been studying coronaviruses in bats and mammals for a long time, with the COVID-19 pandemic demonstrating the significant risks if such viruses evolve the ability to infect humans. This latest study has identified a new member of the coronavirus family that is able to infect some cells by targeting the human ACE2 receptor, similar to SARS-CoV-2. This similarity means it should be further studied as part of surveillance for future threats, but the researchers do highlight that this virus is currently suboptimal for human adaptation and not to exaggerate any immediate risk. Furthermore, this research only showed infection of cells in the lab not animals or humans, and promisingly they found that antibody and antiviral drug therapies developed for COVID-19 could also be effective against this new virus. This sort of study is an example of the important work scientists are performing around the world to identify risks early and develop countermeasures to try and prevent future viral pandemic threats.”

     

    Prof Simon Clarke, Associate Professor in Cellular Microbiology, University of Reading, said:

    “The finding of another bat coronavirus that gains entry human and animal cells by unlocking them in the same way as Covid-19 is naturally of concern and will worry people, but it shouldn’t be all that surprising.  This way of accessing cells is probably far more common than we realise, and the more scientists look for these things, the more examples they’re likely to find.  Many viral infections in humans are of animal origin, so it’s important that we keep improving our understanding of possible future threats.

    “We shouldn’t get too hung up on what is just one part of the way the virus interacts with our bodies; things are much more complicated.  This coronavirus is more closely related to the one that caused MERS which was never able to spread as quickly and efficiently as SARS or Covid-19 and so far, there’s no indication that this one would be any different.”

     

    Prof Paul Hunter, Professor in Medicine, University of East Anglia, said:

    “There are very many different coronaviruses infecting bats worldwide, probably over 3,000 [1] All of these have the potential to develop into a human pathogen.

    “But that does not mean they will cause significant health problems in human populations. I really doubt that covid will be the last pandemic due to an emergent coronavirus from bats. But whether that in in 10, 20, 50 or 100 years from now I would not like to guess.

    “For a bat coronavirus to cause a pandemic in humans there needs to be a number of events.  

    “1, The virus has to infected at least one human either directly from a bat or more likely indirectly through another intermediate mammal like the civet cat in the 2005 SARS pandemic, camels with MERS, or possibly pangolins with covid. The involvement of an intermediate animal probably increases the amount of virus compared to what would be found in bats.

    “2, The virus has to then spread to other people, more likely in crowded cities then in remote rural communities

    “3, The virus needs to evolve to be more transmissible in humans. I suspect most animal to human transmission events do not spread to more than the occasional further cases. But if the virus evolves to be more infectious then we can have a problem.

    “So, is HKU5-CoV-2 something we need to worry about? Not specifically. But we do need to remain vigilant about all coronaviruses. At some point a coronavirus will trigger another pandemic, maybe not in the next few decades. When that does happen will it be  HKU5-CoV-2? Again probably not but it may be.”

    1. https://www.publichealth.columbia.edu/news/bats-are-major-reservoir-coronaviruses-worldwide.

     

    Dr Efstathious Giotis, Lecturer in Molecular Virology, University of Essex, said:

    “Scientists have identified a new bat coronavirus, HKU5-CoV-2, in China that can bind to human ACE2 receptors, the same entry point used by SARS-CoV-2 that causes Covid-19. HKU5-CoV-2 belongs to a different group of coronaviruses than SARS-CoV-2 called merbecoviruses, which include the MERS virus (Middle East Respiratory Syndrome). Until now, merbecoviruses were not known to use ACE2 as a receptor, making this discovery scientifically significant.

    Can it cause an epidemic?

    “There is no evidence that HKU5-CoV-2 can cause an epidemic in humans. While it can bind to human ACE2 receptors, its ability to do so appears weaker than SARS-CoV-2, making infection less likely. There are no known human cases, and no proof of human-to-human transmission.”

    Shall we be concerned?

    “There is no cause for concern at this stage. The study was conducted in laboratory conditions,  and there is no evidence that HKU5-CoV-2 is circulating in humans or if it’s able to spread among humans. Its ability to bind to ACE2 appears weaker than SARS-CoV-2, making human infection less likely. Therefore, HKU5-CoV-2 is not an immediate threat, but its ability to use ACE2 means it should be closely monitored.”

      

    Dr Gary R McLean, Honorary Senior Research Fellow, National Heart and Lung Institute, Imperial College London, said:

    “The study in Cell is from virology groups in China that study bat coronaviruses that have potential for the jump into humans. They are based in Wuhan and Guangzhou, where previous coronavirus spillovers to human have occurred. Interestingly this newly discovered virus lineage (HKU5-CoV-2), despite evolving in bats, can effectively use human entry receptor protein ACE2 for infection of human cells and tissues. However, these are biochemical studies that show the potential for this new bat virus to infect humans cells and there is no evidence for this occurring in nature. Thus there is the potential for this new virus to spillover to human like previous coronaviruses including SARS-CoV-2. Hopefully the Chinese authorities now have good surveillance systems in place and the laboratories work to rigid safety standards that minimise the risk of spillover occurring. This paper does suggest that bat coronaviruses can evolve to use human entry receptors for infection, sidestepping the traditional route of amplification via an intermediate species – yet to be unequivocally found for SARS-CoV-2.”

     

    Bat-infecting merbecovirus HKU5-CoV lineage 2 can use human ACE2 as a cell entry receptor’ by Chen et al. was published in Cell on Tuesday 18th February.

     

    DOI: 10.1016/j.cell.2025.01.042

     

     

    Declared interests

    Dr Samuel Ellis “I have no direct COIs to declare on this news/study, but have been involved in some previous COVID-19 trials of antiviral drugs, such as PANORAMIC (NIHR).”

    Dr Gary R McLean None

    Prof Paul Hunter None

    Dr Efstathious Giotis None

    For all other experts, no reply to our request for DOIs was received.

    MIL OSI United Kingdom

  • MIL-OSI New Zealand: Opening remarks in meeting with China Foreign Minister

    Source: New Zealand Government

    Opening remarks by New Zealand Foreign Minister Winston Peters in meeting with China Foreign Minister Wang Yi, in Beijing on 26 February 2025:
     
    Thank you, Minister, for your warm welcome tonight.   
     
    It is a pleasure to return to Beijing, after our last visit in 2018. And thank you for your hospitality then, as now, and to a number of people on your side whose faces we recognise across many, many years.   
     
    This reciprocates your visit to Wellington last year. Our personal connection, built over many years, enables us to exchange candid perspectives on developments in our long-standing bilateral relationship and to continue to build our mutual understanding.   
     
    The New Zealand-China relationship continues to benefit, as you said, from our mutually beneficial and significant trade and economic relationship and the comprehensive, regular two-way exchanges by our people, which are again growing following the COVID-19 pandemic.   
     
    Our relationship also benefits from a resilient bilateral architecture that has been built up over many years of hard work and commitment by both sides, from regular high-level political exchanges to technical dialogues covering issues from trade and agriculture, to education, science and innovation, and indeed the environment.    
     
    Our long-standing connection enables our frank and comprehensive discussions on areas of disagreement, including those that stem from our different histories and different systems. Indeed, it is a sign of healthy relationships that we can and do express disagreement on important issues.   
     
    For New Zealand, you will be well aware of our ambition for the Pacific region to be peaceful, prosperous, and focused on Pacific-led institutions and solutions. Our connections to the Pacific are deep, particularly in the Realm of New Zealand which includes the Cook Islands, Niue and Tokelau. Indeed, it’s in the name: Pacific.   
     
    Alongside this, our deep and abiding support for the rules-based international order and stable security, defence, and political engagement in the Indo-Pacific region are fundamental to our interests.   
     
    Turning to the global picture, we are meeting at a time of great uncertainty and strain, with the conflict in Ukraine having just entered its fourth year, and the Middle East turning to rebuild and addressing the immense humanitarian need on the ground.    
     
    Our dialogue with China on bilateral, regional and international issues is more important than ever. We encourage China to use its influence, weight and role as a permanent member of the United Nations Security Council to work towards resolution of global issues.    
     
    We look forward to discussing these matters further with you this evening and in the following years. 
     
    Thank you.

    MIL OSI New Zealand News

  • MIL-OSI: Radware’s Cyber Threat Report: Web DDoS Attacks Surge 550% in 2024

    Source: GlobeNewswire (MIL-OSI)

    MAHWAH, N.J., Feb. 26, 2025 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, released its 2025 Global Threat Analysis Report.

    Radware’s new report leverages intelligence provided by 2024 network and application attack activity sourced from the company’s cloud and managed services and threat intelligence research team. In addition, it draws from information found on Telegram, a public messaging platform often used by cybercriminals.

    2024 report highlights

    • The average duration of network DDoS attacks increases 37% over 2023
    • North America faces 66% of web application and API attacks
    • Nearly 400% year-over-year growth in DDoS attack volume strikes finance and transportation
    • Hacktivist claims rise 20% globally; governments top targets

    “Multiple catalysts drove the threat revolution witnessed in 2024, including geopolitical conflicts, bigger and more complex threat surfaces, and more sophisticated and persistent threats,” said Pascal Geenens, director of threat intelligence at Radware. “Add to that the impact of AI, which is lowering barriers to entry, multiplying the number of adversaries and enabling even novice actors to successfully launch malicious campaigns, and what you have is a threat landscape that looks very daunting.”

    Web DDoS attacks mount on geopolitical tensions
    Layer 7 (L7) Web DDoS attacks escalated significantly, linked predominately to hacktivist groups motivated by geopolitical conflicts and facilitated by easy accessibility to more sophisticated tools. During 2024:

    • Number of attacks: Total Web DDoS attacks surged 550% compared to 2023.
    • Geographic targets: EMEA remained the primary target, accounting for 78% of global incidents.

    Network-layer DDoS attacks become bigger and more prolonged
    The volume, frequency and duration of network DDoS attacks more than doubled since 2022. During 2024:

    • Attack volume: The average mitigated attack volume rose 120% compared to 2023.
    • Attack duration: The average duration of attacks increased 37% over 2023.
    • Geographic targets: Organizations in Europe faced the highest proportion of network DDoS activity, accounting for 45% of the global attack volume, followed by North America (21%).
    • Industry targets: Telecommunications bore 43% of the global network DDoS attack volume, followed by finance at 30%. Growing faster than the global average of 120%, finance experienced the steepest growth in attack volume per organization, increasing 393% year-over-year, followed by transportation and logistics (375%), e-commerce (238%), and service providers (237%).

    “The escalations in the threat landscape have significant implications for every sector from finance and telecommunications to government and e-commerce and beyond,” explained Geenens. “Organizations are operating in a dynamic environment that demands equally dynamic defense strategies. While bad actors don’t have to do their jobs perfectly to have a major impact, defenders do.”

    Application-layer DNS DDoS attacks post unprecedented gains
    Last year was a pivotal year in the evolution of L7 DNS DDoS attacks. During 2024:

    • Attack activity: The amount of DNS flood queries rose 87% over 2023.
    • Industry targets: The financial sector accounted for 44% of the total L7 DNS attack activity. Healthcare (13%) ranked second, followed by telecom (10%), and communications (8%).

    Hacktivist campaigns intensify marked by retaliation and disruption
    Propelled by political and ideological tensions, hacktivism remained a leading driver of cyberattacks. According to data gathered from Telegram in 2024:

    • Number of attacks: The total number of claimed DDoS attacks increased by 20% compared to 2023.
    • Geographic targets: Ukraine was the most targeted nation with 2,052 claimed attacks, followed by Israel (1,550). The United States became a prime target for DDoS-as-a-service providers.
    • Industry targets: Government institutions were the top hacktivist targets, accounting for 20% of hacktivist activity, followed by business services (9%), finance (9%) and transportation (7%).
    • Top claiming actors: Pro-Russian hacker NoName057(16), the most prolific threat actor in 2024, claimed 4,767 DDoS attacks, followed by RipperSec (1,388), Executor DDoS (1,002) and the Cyber Army of Russia Reborn (716).

    Web applications and APIs become prime targets for exploitation
    Attackers aim to profit from the expanding complexity and breath of the threat surface in modern organizations by exploiting known vulnerabilities. In 2024:

    • Number of attacks: Web application and API attacks climbed 41% compared to 2023.
    • Attack vector: Vulnerability exploitation remained the most prominent attack type, comprising more than one-third of all malicious requests.
    • Geographic targets: North America experienced 66% of these attacks, followed by EMEA (26%).

    Radware’s complete 2025 Global Threat Analysis Report can be downloaded here.

    About Radware
    Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

    Radware encourages you to join our community and follow us on: FacebookLinkedIn, Radware Blog, X, YouTube, and Radware Mobile for iOS.

    ©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

    THIS PRESS RELEASE AND THE RADWARE 2025 GLOBAL THREAT ANALYSIS REPORT ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY. THESE MATERIALS ARE NOT INTENDED TO BE AN INDICATOR OF RADWARE’S BUSINESS PERFORMANCE OR OPERATING RESULTS FOR ANY PRIOR, CURRENT, OR FUTURE PERIOD.

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    The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

    Safe Harbor Statement
    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” For example, when we say in this press release that organizations are operating in a dynamic environment that demands equally dynamic defense strategies, we are using forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, and the tensions between China and Taiwan; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; a shortage of components or manufacturing capacity could cause a delay in our ability to fulfill orders or increase our manufacturing costs; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cyber security and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns, such as the COVID-19 pandemic; our net losses in the past two years and possibility we may incur losses in the future; a slowdown in the growth of the cyber security and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

    Media Contact:
    Gerri Dyrek
    Radware
    Gerri.Dyrek@radware.com

    The MIL Network

  • MIL-OSI Economics: North Macedonia: Staff Concluding Statement of the 2025 Article IV Mission

    Source: International Monetary Fund

    February 26, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Growth is gaining momentum amid rising risks

    Growth is gaining momentum. After picking up in early 2024, growth is expected at 3.3 percent in 2025, driven by stronger domestic demand as public investment projects (including the Corridor 8/10d road project) intensify and consumption is supported by government transfers and real wage growth. The impact of weak external demand seen in 2024 is expected to persist in 2025, driven by structural shifts in the European automotive sector. In the long term, high emigration, especially among the young segment of the population, is projected to lower potential growth, which Staff now estimate at 3.0 percent.

    Inflation is rising again. In January, inflation reached 4.9 percent year-on-year, up from a low of 2.2 percent in August 2024. Core inflation has become the main driver and remains persistent, fueled by strong wage growth. Food inflation remains high despite administrative price controls and other interventions.

    Domestic risks are elevated and the external outlook more uncertain. Weak public investment, stalled productivity reforms, emigration, and slowing activity of key trade partners threaten growth in the medium-term. Meanwhile, high real wage growth without productivity gains and increased fiscal transfers could further fuel inflation and erode competitiveness. Trade policy shifts and shocks to FDI may suppress exports and tighten financial conditions.

    Adhering to the fiscal rules requires credible fiscal consolidation

    IMF staff agree with the authorities’ goal of reducing the deficit this year, but are concerned revenue will underperform, rendering this goal out of reach. The 4 percent of GDP deficit envisaged in the 2025 budget will be exceeded if the authorities’ expected revenue gains (of 1½ percent of GDP) from reducing the shadow economy and increasing tax compliance fall short. We welcome the Public Revenue Office’s efforts to modernize tax collection and reduce informality, but these efforts will take time to deliver results. Staff recommends that in any planned supplementary budget, the authorities avoid increasing spending and focus on reducing tax expenditures and transfers (e.g., subsidies to agriculture). Ensuring the full and timely transfer of contributions to the second-pillar pension system is essential.

    A credible fiscal strategy is needed to bring debt on a downward path. The budget deficit has exceeded the 3 percent of GDP ceiling in the fiscal rules, while public debt is on an upward trend and has surpassed 60 percent of GDP in 2024—14 percentage points above pre-pandemic levels. A credible fiscal strategy to restore compliance with fiscal rules is key, for preserving credibility to maintain access to international capital markets, for creating space for investment, and strengthening resilience against future shocks. The focus should be on:

    • Controlling current spending:Staff recommend omitting further pension increases in September 2025 and returning to a rule-based pension system in 2026—indexing only to inflation—to support consolidation while protecting pensioners’ purchasing power. Staff advise limiting public wage growth to inflation in the near term. The Ministry of Finance should strengthen oversight to ensure public wage increases are consistent with achieving the fiscal rules. Over time, unifying the fragmented wage negotiating system will help prevent unexpected budget pressures.
    • Mobilizing revenues. North Macedonia’s tax revenue potential is estimated at 22-24 percent of GDP. To realize these revenues, tax reforms should focus on reducing tax expenditures, limiting reduced rates and exemptions, improving tax compliance, and gradually increasing property tax. The government’s accelerated digitalization efforts will enhance revenue mobilization.

    Beyond consolidation, structural fiscal reforms are needed to strengthen fiscal governance and improve spending efficiency, with some progress underway. Key ongoing measures include implementing the Public Investment Management decree and manual, adopting the PPP law, and conducting spending reviews to optimize budget allocation. Managing fiscal risks, especially from SOEs and major projects like the Corridor 8/10d road, is crucial. The inclusion of a fiscal risk assessment in the Medium Term Fiscal Strategy marks an achievement for the ministry. The state-owned electricity generator, ESM, requires investments in technology and efficiency improvements to lower production costs and expand production, while gradually reducing its role in the subsidized, regulated market. The operationalization of the Fiscal Council is a positive step and it is encouraged to strengthen its independent assessments.

    Monetary and financial sector policies to maintain stability and mitigate risks

    Policy rates should remain on hold and liquidity tools warrant further tightening until inflation steadily declines. Robust reserves accumulation in 2024 has fostered stability in the foreign exchange market. Given the renewed acceleration in both headline and core inflation, the National Bank (NBRNM) should remain on hold until there is clear evidence of sustained disinflation. Staff support the changes in reserve requirements implemented by the NBRNM and advise further tightening to absorb excess liquidity. The NBRNM should remain vigilant to inflationary risks from domestic factors, including wage and pension increases, as well as heightened external risks from trade uncertainties. If these risks materialize, the NBRNM should be prepared to tighten further to prevent inflation from becoming entrenched. The NBRNM has effectively managed recent challenges, including the energy cost shock. Its resilience stems from operational and financial autonomy, which underpin its independence and credibility—both essential for maintaining price and exchange rate stability and must be safeguarded.

    The financial system remains resilient, but macro prudential settings may need to be tightened in response to brisk credit growth. Overall, the banking sector is well-capitalized, highly liquid, and profitable, with low system-wide non-performing loans. NBRNM’s active macroprudential and microprudential measures have strengthened resilience. Strong balance sheets and increased deposits have fueled an acceleration in lending activity towards the end of 2024. The implemented loan-to-value and debt service-to-income ratios will continue to help safeguard financial stability by reducing pressures in the real estate market and preventing higher levels of indebtedness. Staff support the NBRNM’s gradual tightening of the countercyclical capital buffer and additional capital requirements to ensure banks maintain adequate loss-absorbing and recapitalization capacity, in line with EU regulations. Should lending and real estate prices continue growing briskly, further tightening of macroprudential instruments may be warranted.

    Structural reforms to boost productivity and offset costs of emigration

    IMF staff support the authorities’ objectives of boosting productivity, raising living standards, and reducing informality. Over the past decade, growth in North Macedonia has lagged regional peers and convergence with the EU has stalled. High emigration has led to a declining population that threatens to be a drag on potential growth. Accelerating structural reforms is key to achieving the authorities’ objectives, offsetting the costs of emigration, and supporting the country on its path to EU accession. The priorities are well known:

    • Improving the business environment. Reducing informality through streamlined business registrations and expanded digital public services is a priority. The predictability of the legal and regulatory environment can be improved by limiting the use of expedited procedures in Parliament, increasing stakeholder consultation, and applying the regulatory requirements more consistently. Simplifying and digitalizing work permits would help businesses address skill and labor shortages more efficiently. Avoiding ad-hoc adjustments to the minimum wage will help contain inflation, preserve competitiveness and provide a more predictable policy environment for business.
    • Strengthening the labor market. Improving labor market outcomes can stimulate private investment, increase labor participation, and reduce emigration. Raising educational quality and job matching between firms and workers through vocational training will help address labor shortages. Expanding affordable childcare in municipalities, and gradually raising the retirement age of women to match men can help to offset workforce losses from high emigration.
    • Increasing public infrastructure investment. The quality of public infrastructure in North Macedonia lags peers. The major infrastructure projects Corridor 8/10d and the Kicevo-Ohrid highways are over budget and behind schedule. Staff urge the authorities to complete the started projects and realize their investments. Capital expenditures should be safeguarded in the budget and public investment management should be strengthened to prioritize high-impact projects.
    • Strengthening the rule of law and anti-corruption efforts. Improving judicial independence and impartiality would strengthen contract enforcement and help reduce informality. The fight against corruption remains weak, particularly in prosecuting high-profile cases. Aligning the Criminal Code with international standards and enhancing resources for key anti-corruption institutions are crucial. The upcoming new national anti-corruption strategy is an opportunity to accelerate reforms through stronger accountability and coordination.
    • Enhancing governance.Improving public resource efficiency, accountability, and transparency requires expanding digital public services, reassessing state aid schemes, strengthening procurement systems, and improving SOE management.

    The IMF team thanks the authorities of North Macedonia and other counterparts for their productive collaboration and constructive policy dialogue.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Eva Graf

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

    MIL OSI Economics

  • MIL-OSI Russia: North Macedonia: Staff Concluding Statement of the 2025 Article IV Mission

    Source: IMF – News in Russian

    February 26, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Growth is gaining momentum amid rising risks

    Growth is gaining momentum. After picking up in early 2024, growth is expected at 3.3 percent in 2025, driven by stronger domestic demand as public investment projects (including the Corridor 8/10d road project) intensify and consumption is supported by government transfers and real wage growth. The impact of weak external demand seen in 2024 is expected to persist in 2025, driven by structural shifts in the European automotive sector. In the long term, high emigration, especially among the young segment of the population, is projected to lower potential growth, which Staff now estimate at 3.0 percent.

    Inflation is rising again. In January, inflation reached 4.9 percent year-on-year, up from a low of 2.2 percent in August 2024. Core inflation has become the main driver and remains persistent, fueled by strong wage growth. Food inflation remains high despite administrative price controls and other interventions.

    Domestic risks are elevated and the external outlook more uncertain. Weak public investment, stalled productivity reforms, emigration, and slowing activity of key trade partners threaten growth in the medium-term. Meanwhile, high real wage growth without productivity gains and increased fiscal transfers could further fuel inflation and erode competitiveness. Trade policy shifts and shocks to FDI may suppress exports and tighten financial conditions.

    Adhering to the fiscal rules requires credible fiscal consolidation

    IMF staff agree with the authorities’ goal of reducing the deficit this year, but are concerned revenue will underperform, rendering this goal out of reach. The 4 percent of GDP deficit envisaged in the 2025 budget will be exceeded if the authorities’ expected revenue gains (of 1½ percent of GDP) from reducing the shadow economy and increasing tax compliance fall short. We welcome the Public Revenue Office’s efforts to modernize tax collection and reduce informality, but these efforts will take time to deliver results. Staff recommends that in any planned supplementary budget, the authorities avoid increasing spending and focus on reducing tax expenditures and transfers (e.g., subsidies to agriculture). Ensuring the full and timely transfer of contributions to the second-pillar pension system is essential.

    A credible fiscal strategy is needed to bring debt on a downward path. The budget deficit has exceeded the 3 percent of GDP ceiling in the fiscal rules, while public debt is on an upward trend and has surpassed 60 percent of GDP in 2024—14 percentage points above pre-pandemic levels. A credible fiscal strategy to restore compliance with fiscal rules is key, for preserving credibility to maintain access to international capital markets, for creating space for investment, and strengthening resilience against future shocks. The focus should be on:

    • Controlling current spending:Staff recommend omitting further pension increases in September 2025 and returning to a rule-based pension system in 2026—indexing only to inflation—to support consolidation while protecting pensioners’ purchasing power. Staff advise limiting public wage growth to inflation in the near term. The Ministry of Finance should strengthen oversight to ensure public wage increases are consistent with achieving the fiscal rules. Over time, unifying the fragmented wage negotiating system will help prevent unexpected budget pressures.
    • Mobilizing revenues. North Macedonia’s tax revenue potential is estimated at 22-24 percent of GDP. To realize these revenues, tax reforms should focus on reducing tax expenditures, limiting reduced rates and exemptions, improving tax compliance, and gradually increasing property tax. The government’s accelerated digitalization efforts will enhance revenue mobilization.

    Beyond consolidation, structural fiscal reforms are needed to strengthen fiscal governance and improve spending efficiency, with some progress underway. Key ongoing measures include implementing the Public Investment Management decree and manual, adopting the PPP law, and conducting spending reviews to optimize budget allocation. Managing fiscal risks, especially from SOEs and major projects like the Corridor 8/10d road, is crucial. The inclusion of a fiscal risk assessment in the Medium Term Fiscal Strategy marks an achievement for the ministry. The state-owned electricity generator, ESM, requires investments in technology and efficiency improvements to lower production costs and expand production, while gradually reducing its role in the subsidized, regulated market. The operationalization of the Fiscal Council is a positive step and it is encouraged to strengthen its independent assessments.

    Monetary and financial sector policies to maintain stability and mitigate risks

    Policy rates should remain on hold and liquidity tools warrant further tightening until inflation steadily declines. Robust reserves accumulation in 2024 has fostered stability in the foreign exchange market. Given the renewed acceleration in both headline and core inflation, the National Bank (NBRNM) should remain on hold until there is clear evidence of sustained disinflation. Staff support the changes in reserve requirements implemented by the NBRNM and advise further tightening to absorb excess liquidity. The NBRNM should remain vigilant to inflationary risks from domestic factors, including wage and pension increases, as well as heightened external risks from trade uncertainties. If these risks materialize, the NBRNM should be prepared to tighten further to prevent inflation from becoming entrenched. The NBRNM has effectively managed recent challenges, including the energy cost shock. Its resilience stems from operational and financial autonomy, which underpin its independence and credibility—both essential for maintaining price and exchange rate stability and must be safeguarded.

    The financial system remains resilient, but macro prudential settings may need to be tightened in response to brisk credit growth. Overall, the banking sector is well-capitalized, highly liquid, and profitable, with low system-wide non-performing loans. NBRNM’s active macroprudential and microprudential measures have strengthened resilience. Strong balance sheets and increased deposits have fueled an acceleration in lending activity towards the end of 2024. The implemented loan-to-value and debt service-to-income ratios will continue to help safeguard financial stability by reducing pressures in the real estate market and preventing higher levels of indebtedness. Staff support the NBRNM’s gradual tightening of the countercyclical capital buffer and additional capital requirements to ensure banks maintain adequate loss-absorbing and recapitalization capacity, in line with EU regulations. Should lending and real estate prices continue growing briskly, further tightening of macroprudential instruments may be warranted.

    Structural reforms to boost productivity and offset costs of emigration

    IMF staff support the authorities’ objectives of boosting productivity, raising living standards, and reducing informality. Over the past decade, growth in North Macedonia has lagged regional peers and convergence with the EU has stalled. High emigration has led to a declining population that threatens to be a drag on potential growth. Accelerating structural reforms is key to achieving the authorities’ objectives, offsetting the costs of emigration, and supporting the country on its path to EU accession. The priorities are well known:

    • Improving the business environment. Reducing informality through streamlined business registrations and expanded digital public services is a priority. The predictability of the legal and regulatory environment can be improved by limiting the use of expedited procedures in Parliament, increasing stakeholder consultation, and applying the regulatory requirements more consistently. Simplifying and digitalizing work permits would help businesses address skill and labor shortages more efficiently. Avoiding ad-hoc adjustments to the minimum wage will help contain inflation, preserve competitiveness and provide a more predictable policy environment for business.
    • Strengthening the labor market. Improving labor market outcomes can stimulate private investment, increase labor participation, and reduce emigration. Raising educational quality and job matching between firms and workers through vocational training will help address labor shortages. Expanding affordable childcare in municipalities, and gradually raising the retirement age of women to match men can help to offset workforce losses from high emigration.
    • Increasing public infrastructure investment. The quality of public infrastructure in North Macedonia lags peers. The major infrastructure projects Corridor 8/10d and the Kicevo-Ohrid highways are over budget and behind schedule. Staff urge the authorities to complete the started projects and realize their investments. Capital expenditures should be safeguarded in the budget and public investment management should be strengthened to prioritize high-impact projects.
    • Strengthening the rule of law and anti-corruption efforts. Improving judicial independence and impartiality would strengthen contract enforcement and help reduce informality. The fight against corruption remains weak, particularly in prosecuting high-profile cases. Aligning the Criminal Code with international standards and enhancing resources for key anti-corruption institutions are crucial. The upcoming new national anti-corruption strategy is an opportunity to accelerate reforms through stronger accountability and coordination.
    • Enhancing governance.Improving public resource efficiency, accountability, and transparency requires expanding digital public services, reassessing state aid schemes, strengthening procurement systems, and improving SOE management.

    The IMF team thanks the authorities of North Macedonia and other counterparts for their productive collaboration and constructive policy dialogue.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Eva Graf

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

    https://www.imf.org/en/News/Articles/2025/02/26/cs-northmacedonia-2025

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI United Kingdom: University of Aberdeen Principal announces his retirement Professor George Boyne, Principal and Vice-Chancellor of the University of Aberdeen, has announced that he will retire in December 2025 after reaching his 70th birthday and completing the seven-year term he began in 2018.

    Source: University of Aberdeen

    Professor George Boyne, Principal and Vice-Chancellor of the University of Aberdeen, has announced that he will retire in December 2025 after reaching his 70th birthday and completing the seven-year term he began in 2018.
    Julie Ashworth, Senior Governor (Chair) of the University’s governing body, University Court, expressed her “deepest thanks for outstanding service”.
    Professor Boyne took up the leadership when the University had more modest placings in higher education rankings. Now Aberdeen is ranked 12th by the Guardian – up from 46th in 2018 – and 15th by the Times and Sunday Times – up from 40th in 2018 – in their most recent assessments of over 120 Universities across the UK.
    The University, which has a strong reputation for helping students from every background reach their full potential, is also ranked second in Scotland and 15th in the UK in the prestigious National Student Survey.
    Professor Boyne has led the organisation, which dates back to 1495 and is the 5th oldest in the UK, through challenging times such as the global pandemic, the impact of Brexit on universities, the cost-of-living crisis and unprecedented financial challenges for the higher education sector.

    It has been the honour of my life to be the internal advocate and external ambassador for the extraordinary range of very high-quality work that is carried out in the Schools and Professional Services at the University of Aberdeen.” Professor George Boyne, Principal and Vice-Chancellor of the University of Aberdeen,

    He said: “It has been the honour of my life to be the internal advocate and external ambassador for the extraordinary range of very high-quality work that is carried out in the Schools and Professional Services at the University of Aberdeen. It has also been a privilege to lead the development of our academic and financial strategies during this eventful time in higher education.
    “We have made very strong progress on a wide range of activities including student recruitment, student employability, research funding, research impact, and regional and global partnerships; and most fundamentally, the creation of new knowledge and scientific discoveries.
    “I will miss the University very much but the time is now right to pave the way for a successor. In December I will be five months beyond the seven-year term of office as Principal that I accepted in 2018, and two months beyond my seventieth birthday. The sevens in my professional and personal life are in close alignment.”
    As is customary when Principals retire, Professor Boyne is offering advance notice so that the University has sufficient time for the recruitment process and the notice period that the new Principal may be required to give their current role.
    The Senior Governor added: “I would like to express my deepest thanks to George for his unwavering commitment to the University. He has achieved an enormous amount in seven years and clearly leaves the University in a very strong position to attract outstanding candidates. Our financial position is stable, our research awards grew by 30% last year, student satisfaction is consistently among the best in the UK, and we have achieved our highest ever UK rankings. I wish him the very best for the rest of his tenure.”

    MIL OSI United Kingdom

  • MIL-OSI: Lantronix Selects Redtree Solutions Ltd to Serve as a Manufacturer’s Rep for Its Open-Q Family of Embedded Compute Solutions in EMEA

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced a strategic partnership with Redtree Solutions, the largest manufacturer representative in EMEA, to represent its Open-Q™ embedded compute System-on-Module (SOM) and Development Kit solutions throughout Europe, the Middle East and Africa (EMEA).

    Designed to broaden Lantronix’s market presence in EMEA, this relationship expands access to Lantronix’s advanced SOMs and Development kits, which provide the fastest, easiest and most cost-effective path for developers to create ground-breaking products.

    “In response to the growing demand for cost-effective embedded compute development solutions, we are delighted to add Redtree Solutions to our network of trusted partners and are excited about growing our business with them in EMEA,” said Kurt Hoff, VP of Global Sales & Marketing at Lantronix.

    “By leveraging Redtree Solutions’ embedded connect expertise and expansive customer relationships, this alliance is poised to accelerate the adoption of Lantronix’s Open-Q solutions across EMEA,” Hoff added. “This relationship represents a significant milestone in Lantronix’s ongoing commitment to deliver innovative solutions throughout EMEA and the world at large.”

    “We are pleased to partner with Lantronix and add the immense value in offering Lantronix’s world-class embedded compute solutions to our mutual customers,” said Steve Judge, president of Redtree Solutions. “This collaboration aligns perfectly with our mission to deliver leading-edge technologies that enable our customers to innovate, differentiate and speed breakthrough solutions to market.”

    About Redtree Solutions Ltd.

    Redtree Solutions, founded in 2006 and now a group company within Crest Holding BV, is the largest Pan-European representative company in the Semiconductor Industry. It has greater than 48 people at your service, speak local languages, and cover more than 20 countries across EMEA, with more than 500 active customers from the Electronic Industry. Redtree invests in next-generation technologies for the benefit of its customers’ success. Its application team is devoted to helping customers find the most optimized architecture for their electronic systems use cases, with the help of our partners’ solutions and expertise.

    About Lantronix

    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

    For more information, visit the Lantronix website.

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products or leadership team. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024, including in the section entitled “Risk Factors” in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties about which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.

    ©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

    Lantronix Media Contact:        
    Gail Kathryn Miller
    Corporate Marketing &
    Communications Manager
    media@lantronix.com

    Lantronix Analyst and Investor Contact:        
    investors@lantronix.com

    The MIL Network

  • MIL-OSI Economics: Shaping a Brighter Future for Asia and the Pacific: ADB President Asakawa’s Legacy

    Source: Asia Development Bank

    Transcript

    In January 2020, President Masatsugu Asakawa took the helm of the Asian Development Bank with a vision for sustainable growth and regional cooperation. Little did he know that two months later, the world would face an unprecedented crisis—the COVID-19 pandemic. As the pandemic swept across countries, President Asakawa recognized the urgency and mobilized ADB’s resources to respond swiftly.

    Masatsugu Asakawa
    President
    Asian Development Bank
    2020-2025

    “In a crisis, every moment counts. I’m proud that ADB acted decisively when our members needed us most.”

    Under his leadership, ADB launched a $20 billion assistance package, including the COVID-19 Pandemic Response Option (CPRO) and a $9-billion Asia Pacific Access Facility (APVAX) to help countries procure and distribute drugs.

    Amidst the global health crisis, another pressing challenge demanded attention—climate change. At COP26 in Glasgow, President Asakawa reaffirmed ADB’s climate leadership.

    “We can’t afford to wait on climate action. That’s why we pledged at least $100 billion in climate financing by 2030 and pioneered innovative tools like the Energy Transition Mechanism and IF-CAP to drive real change.”

    Under his guidance, ADB became the region’s “climate bank,” promoting sustainable, inclusive growth while addressing environmental challenges. President Asakawa advocated action to help developing member countries become more resilient against climate change impacts, such as extreme heat and accelerated glacial melt.

    “Climate action has been a top priority for ADB, and for me personally. Throughout my presidency, ADB has intensified efforts to address the climate crisis— with initiatives focused on protecting vulnerable areas like the Hindu Kush-Himalaya region.”

    Alongside these initiatives, President Asakawa never lost sight of the people behind ADB’s success—its staff. In response to the COVID-19 pandemic, he introduced flexible work arrangements and prioritized safety measures.

    “Our people are the heart of ADB. Their safety and well-being come above all else. By fostering a supportive and inclusive environment, we empower our staff to deliver their best for the communities we serve.”

    In a critical moment, President Asakawa orchestrated the evacuation of 120 ADB staff and their families from Afghanistan. His actions not only safeguarded lives but reinforced a culture of care within the ADB community.

    Looking beyond immediate crises, President Asakawa also focused on building stronger foundations for the future. He championed domestic resource mobilization, helping countries strengthen their financial resilience.

    “True progress is when countries stand on their own feet. Our role is to help them build that foundation, strengthening their ability to create sustainable growth and resilience for future generations.”

    Through initiatives like the creation of the Asia Pacific Tax Hub,  ADB has helped strengthen tax systems, improve governance, and secure social safety nets for people across the region.

    Understanding that the region’s prosperity depends on cooperation, President Asakawa reinforced the importance of robust partnerships to rejuvenate trade and improve supply chains.

    “Asia and the Pacific has benefited immensely from globalization. With the looming threat of protectionism, our region must continue to champion connectivity and collaboration.”

    To support his ambitious goals, President Asakawa also spearheaded significant transformation within ADB. A review of the Capital Adequacy Framework unlocked an additional $100 billion in lending capacity over the next decade.

    Meanwhile, the new operating model introduced strategic shifts to expand private sector operations, intensify climate action, drive innovation, and locate staff closer to clients to strengthen support and responsiveness.

    These initiatives align with the MDB evolution agenda, ensuring ADB remains a key player in global development.

    “To meet tomorrow’s challenges, we must evolve today. Innovation isn’t just an option. It’s an imperative.”

    As his tenure comes to a close, President Asakawa leaves a strengthened, future-focused ADB.

    His vision encourages ADB to stay invested in the region’s success and responsive to emerging challenges. And he reminds us that building trusted, long-term partnerships is key to driving meaningful change.

    “ADB’s strength lies in being a trusted development partner- a reliable friend and partner of choice for Asia and the Pacific. This close relationship is our legacy. And it’s vital we preserve it.”

    President Asakawa has guided ADB through challenging times with transformative leadership that has left an indelible mark on the organization and region. As we look to the future, his legacy sets the foundation for a prosperous, resilient, inclusive, and sustainable Asia and the Pacific.

    “I want to extend my heartfelt gratitude to ADB’s staff, Board of Directors, member governments, and our many partners. Together, we have achieved milestones that will continue to shape a brighter future for Asia and the Pacific.”

    MIL OSI Economics

  • MIL-OSI Economics: Securing Health in Southeast Asia

    Source: Asia Development Bank

    Drawing on interviews with leading public health practitioners, the publication details the experiences of Cambodia, Indonesia, the Lao People’s Democratic Republic, the Philippines, Thailand, Timor-Leste, and Viet Nam. Its recommendations include making sustained investments in health, driving strong stakeholder partnerships, and building robust digital infrastructure to help countries both prepare for future pandemics and strengthen overall regional health security.

    MIL OSI Economics

  • MIL-OSI United Nations: 26 February 2025 News release WHO strengthens support for grassroots crowdsourcing campaign: a global movement of unity and solidarity

    Source: World Health Organisation

    What started as a grassroots initiative by a WHO staff member has grown into a global movement for health. Building on the success of the 1 Dollar 1 World campaign, the World Health Organization (WHO) is now amplifying and evolving the initiative to encourage more people around the world to show their solidarity.

    Inspired by an individual’s initiative, WHO is now backing the 1 Dollar 1 World movement, encouraging regions, countries, champions, and its own workforce to unite behind the effort. Together with the WHO Foundation, WHO will strengthen its efforts to create awareness about its critical work and engage communities worldwide.

    With this initiative, WHO is embracing a new approach by leveraging crowdfunding to support its mission. For the first time, WHO is activating its existing infrastructure – spanning 150 country offices – alongside the WHO Foundation’s reach, to amplify this grassroots movement. This strategic shift not only strengthens community engagement but also aligns with WHO’s broader strategy to diversify funding sources and support its ongoing Investment Round.

    Since its launch in early 2025, almost 5000 people from over 140 countries have contributed to the campaign through the WHO Foundation, created to bring together funders and high impact health initiatives to further the mission of WHO. The high level of success and engagement demonstrates that there is a broad sense of solidarity and shared commitment to global health. This campaign is not just about crowdfunding – it’s about people standing together to remind us that health is a right, not a privilege.

     “The power of the 1 Dollar, 1 World movement comes from the people. In particular, I would like to thank my colleague Tania Cernuschi for her inspiration to launch this initiative,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “It shows that in times of crisis, people everywhere can unite and commit to protecting and promoting the health of others. WHO is proud to stand behind this initiative, which embodies the values of solidarity, action, innovation and hope.”

    A moment for action

    The challenges global health has faced in recent years – from pandemics to humanitarian crises – make it clearer than ever that no one is safe until everyone is safe. The 1 Dollar 1 World movement is a chance for people everywhere to turn concern into action and show that solidarity, just like health, knows no borders.

    “This campaign started with one person, but it belongs to all of us,” said Tania Cernuschi, the WHO staff member who launched the original initiative. “It’s proof that individuals can make a difference, and that together, we are stronger.”

    Join the movement

    Media and the public are invited to support and share this movement. Every action – whether a donation, a post, or a conversation – helps spread the message that health should be for all, not just for some. Every stakeholder – whether a person, an organization, a community or a government – has a role in building efficient and effective collaboration for health.

    A grassroots campaign with global impact

    The 1 Dollar 1 World movement invites everyone to take action for global health in three simple ways:

    • Donate through the WHO Foundation – Every dollar counts. Contributions support WHO’s lifesaving work worldwide.
    • Share – Post a photo holding up your index finger to symbolize unity. Use #1Dollar1World & #HealthForAll, and link to the donation page.
    • Amplify – Encourage others to join the movement. More information is in the communications toolkit.

    All donations, collected by the WHO Foundation, support lifesaving efforts around the world, with a strong focus on country-level initiatives. These resources are essential in driving impactful implementation where it matters most based on the decisions of WHO’s 194 Member States. Together, we can drive real change.

    MIL OSI United Nations News

  • MIL-Evening Report: View from The Hill: the mud flies, but will the voters take much notice?

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

    In these scrappy days before the prime minister announces the election date, the mud and the personal insults are flying, despite the politicians knowing voters hate this sort of thing.

    On Wednesday morning TV, shadow finance minister Jane Hume, usually reasonably restrained with her language, called Employment Minister Murray Watt “king grub” of the “grubbiest people you will ever come across” – a reference to Labor’s pursuit of Peter Dutton’s past share trading. As Watt remarked, “That’s quite an accusation”.

    Hume was later on the warpath in a Senate estimates hearing, where Treasury Secretary Steven Kennedy fended off an opposition attack suggesting, in essence, that Treasurer Jim Chalmers had sought to make Treasury his political pawn.

    Dutton spent most of his Wednesday news conference pushing back on attacks on his integrity relating to his purchase of bank shares during the global financial crisis, and dealing with questions about his acquisition of an extensive property portfolio over decades.

    What the opposition dubs Labor’s “dirt unit” apparently drove the share story. The core of it is that Dutton bought bank shares just before the Rudd government announced its guarantee to ensure the financial security of the banks.

    Labor demanded to know whether Dutton had insider knowledge of the imminent guarantee through a Rudd government briefing of the opposition. Dutton, who declared the share purchase, says he had no information other than what was in the public domain.

    The story about Dutton’s property portfolio – which he has unloaded, no doubt as part of preparations in pursuit of the prime ministership – ran in Nine media. The report said

    Peter Dutton has made $30 million of property transactions across 26 pieces of real estate over 35 years, making him one of the country’s wealthiest-ever contenders for prime minister.

    Dutton was late with declaring on the parliamentary register some of the transactions.

    Nine says the story didn’t come from a Labor “dirt unit”, but it was grist for an embattled government.

    Dirt digging, mud throwing, and exploitation of the politics of envy are recurring features of election campaigns. Whether they’ll have much resonance this time is doubtful.

    The share story, going back the best part of a couple of decades, doesn’t sound like a smoking gun. We’ve heard about Dutton’s property buying before. We know he has plenty of money. Not as much, of course, as earlier PMs Malcolm Turnbull and Kevin Rudd.

    Dutton, working on the assumption these stories will be brief wonders, kept his cool.

    He hasn’t provided more details about the bank shares, relying on a general response that everything had been above board. On his property purchases, he made it clear he’s proud of his climb up the aspirational ladder since he was a “butcher’s boy” in those days when he had a job in a butcher’s shop.

    For Dutton, the mud is all in a day’s work. The attack on Kennedy is in a rather different category.

    In the run-up to an election, Treasury often finds itself in a awkward position, as a government seeks to use it, while an opposition objects. This time, Chalmers employed it to discredit the opposition’s policy to give a tax break to small businesses for taking their workers or clients to a meal.

    Treasury doesn’t cost opposition policies. So the government asked it to cost a theoretical policy that was similar to that of the Coalition. Perhaps unsurprisingly, Treasury came up with a much bigger cost than the opposition said was produced by the Parliamentary Budget Office.

    Kennedy insisted to the Senate hearing, “we do not act politically”.

    “I have behaved no differently with this government, nor have I observed the department’s behaving any differently,” he said. “I understand how the circumstances might lead you to question that, but all I can do is assure you that that has not been the case.”

    If Dutton became prime minister, would Kennedy’s position be at risk?

    It shouldn’t be. Kennedy, appointed by the Coalition, served the previous Liberal government very well and was a key figure in its ambitious economic response to the COVID pandemic. That response kept many people in jobs and the economy out of recession.

    While Kennedy was taking the flak in estimates, Chalmers had been in Washington making Australia’s case for an exemption of the Trump aluminium and steel tariffs.

    Chalmers’s visit was timely and carefully managed. The treasurer said before he left Australia he wouldn’t obtain an outcome on tariffs – it was about making Australia’s case. So when there was not an outcome, it was not a disappointment. “My task here in DC wasn’t to try and conclude that discussion, it was to try and inform it,” Chalmers told a news conference after his talks.

    Chalmers spent time with US Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett. He said the discussion was “wider-ranging than just steel and aluminium”. Bessent also was a speaker at the superannuation summit held at the Australian embassy (a coup for ambassador Kevin Rudd as well as Chalmers).

    In his 2023 Monthly essay, Chalmers argued for the super funds to invest more widely in Australia, notably in social housing.

    At the embassy conference, Chalmers was able to look to a much wider horizon for the funds.

    The current value of Australian super fund investments in the US is around $400 billion – due to reach $1 trillion over the next decade. So, Australia’s superannuation sector has the size, scale and presence to play a big role in driving new American industries and creating jobs.

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

    ref. View from The Hill: the mud flies, but will the voters take much notice? – https://theconversation.com/view-from-the-hill-the-mud-flies-but-will-the-voters-take-much-notice-250897

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: Elevating Road Safety and Autonomous Driving: LeddarTech to Demonstrate Innovative Solutions at Three Key European Events

    Source: GlobeNewswire (MIL-OSI)

    QUEBEC CITY, Canada, Feb. 26, 2025 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, is set to bring its transformative solutions to Europe. LeddarTech will participate in three key industry events this March and April—Embedded World, Tech.AD Europe and Hannover Messe 2025—offering an opportunity to showcase how its technologies are enhancing safety, performance and efficiency in automotive systems.

    Following a recently announced significant milestone—the selection of LeddarVision by a global commercial vehicle OEM for its ADAS program in model year 2028 vehicles—LeddarTech’s participation in these events reinforces its expanding influence and commitment to driving technological excellence and safety innovation in Europe.

    Event Highlights

    1. Embedded World

    • Dates: March 11-13, 2025
    • Location: NürnbergMesse, Nuremberg

    At Embedded World, a premier event dedicated to embedded technologies, LeddarTech will present its advancements in perception, sensor fusion and real-time processing. Through live demonstrations of LeddarVision, attendees will witness firsthand how LeddarTech’s solutions contribute to the SOAFEE ecosystem with a new blueprint. Utilizing Arm technology on AWS G5g, LeddarVision Surround offers adaptable, scalable perception solutions that meet the evolving standards of the automotive industry.

    2. Tech.AD Europe

    • Dates: March 16-18, 2025
    • Location: Hotel Titanic Chaussee, Berlin
    • Booth: # 7

    Tech.AD Europe is a leading conference for ADAS and AD technologies. LeddarTech will not only showcase its solutions but also provide immersive experiences with live LeddarNavigator demonstrations. Participants will join on-road demonstrations to experience the real-time performance of LeddarVision “Full Surround” (LVS-2+), offering an authentic view of how LeddarTech’s AI-driven software navigates complex driving environments. This demonstration builds on the success of the LeddarNavigator’s showcase at CES 2025 in Las Vegas, where it received significant industry recognition.

    3. Hannover Messe 2025

    • Dates: March 31 – April 4, 2025
    • Location: Messegelände Hannover
    • Booth: # 44 A, Hall 17

    As Canada takes the spotlight as the host country at Hannover Messe, LeddarTech will be part of the Canadian delegation showcasing innovations in green, digital and resilient technologies. Visitors to LeddarTech’s booth will experience 360° virtual reality demonstrations, detailed product presentations and customer meetings. This event is a strategic platform to engage with industry leaders and demonstrate how LeddarVision technology supports advanced manufacturing and drives the adoption of autonomous systems across diverse sectors.

    A Vision for the Future of Automotive Technology

    “With our recent first OEM design win and our strategic collaboration with Texas Instruments, LeddarTech is solidifying its leadership in sensor fusion and perception software for ADAS and autonomous driving,” said Frantz Saintellemy, President and CEO of LeddarTech. “These milestones, coupled with our strong market momentum, reflect the increasing adoption of our LeddarVision technology. Our presence at Embedded World, Tech.AD Europe and Hannover Messe 2025 presents a valuable opportunity to demonstrate our innovative approach to enhancing safety, performance and cost efficiency in ADAS and AD systems—both in Europe and globally.”

    About LeddarTech

    A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, autonomous driving (AD) and parking applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

    LeddarTech is responsible for several remote-sensing innovations, with over 170 patent applications (87 granted) that enhance ADAS, AD and parking capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

    Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

    Forward-Looking Statements
    Certain statements contained in this Press Release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which forward-looking statements also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements relating to LeddarTech’s selection by the OEM referred to above, anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) our ability to continue to maintain compliance with Nasdaq continued listing standards following our transfer to the Nasdaq Capital Market; (ii) the risk that LeddarTech and the OEM referred to above are unable to agree to final terms in definitive agreements; (iii) the volume of future orders (if any) from this OEM, actual revenue derived from expected orders and timing of revenue, if any; (iv) our ability to timely access sufficient capital and financing on favorable terms or at all; (v) our ability to maintain compliance with our debt covenants, including our ability to enter into any forbearance agreements, waivers or amendments with, or obtain other relief from, our lenders as needed; (vi) our ability to execute on our business model, achieve design wins and generate meaningful revenue; (vii) our ability to successfully commercialize our product offering at scale, whether through the collaboration agreement with Texas Instruments, a collaboration with a Tier 2 supplier or otherwise; (viii) changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs and plans; (ix) changes in general economic and/or industry-specific conditions; (x) our ability to retain, attract and hire key personnel; (xi) potential adverse changes to relationships with our customers, employees, suppliers or other parties; (xii) legislative, regulatory and economic developments; (xiii) the outcome of any known and unknown litigation and regulatory proceedings; (xiv) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak, as well as management’s response to any of the aforementioned factors; and (xv) other risk factors as detailed from time to time in LeddarTech’s reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the risk factors contained in LeddarTech’s Form 20-F filed with the SEC. The foregoing list of important factors is not exhaustive. Except as required by applicable law, LeddarTech does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Maram Fityani, Media and Public Relations, LeddarTech Holdings Inc.
    Tel.: + 1-418-653-9000 ext. 623, maram.fityani@leddartech.com

    Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

    LeddarTech Holdings Inc. is a public company listed on the Nasdaq under the ticker symbol “LDTC.”

    The MIL Network

  • MIL-OSI: SiriusPoint Announces Pricing of Secondary Offering of 4,106,631 Common Shares by Entities Associated with Daniel S. Loeb and Repurchase of 500,000 Shares by SiriusPoint

    Source: GlobeNewswire (MIL-OSI)

    HAMILTON, Bermuda, Feb. 25, 2025 (GLOBE NEWSWIRE) — SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT) today announced the pricing of its previously announced registered secondary offering by entities associated with Daniel S. Loeb (colllectively, the “Loeb Entities”) of an aggregate of 4,106,631 common shares at a price to the public of $14.00 per share. The offering is expected to close on February 27, 2025, subject to the satisfaction of customary closing conditions.

    SiriusPoint has agreed to repurchase an aggregate of 500,000 of the common shares being offered in the offering at the public offering price. SiriusPoint will cancel the 500,000 common shares it repurchases in the offering.

    Immediately following the completion of the offering and our previously announced repurchase of all of the common shares and warrants currently held by CM Bermuda, it is expected that the Loeb Entities will own approximately 9.54% of SiriusPoint’s issued and outstanding common shares.

    Under the terms of the transaction, the remaining shares owned by the Loeb Entities will be subject to a 90 day lock-up agreement with the sole bookrunning manager.

    Jefferies is acting as the sole bookrunning manager for the offering.

    The offering is being made only by means of an effective registration statement and a prospectus. The Company has previously filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement (including a prospectus) on Form S-3 (File No. 333-283827), dated December 16, 2024, and a prospectus supplement for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the accompanying prospectus supplement, and other documents the Company has filed with the SEC for more complete information about the Company and this offering. When available, copies of the prospectus supplement and the accompanying prospectus relating to the offering may be obtained from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388, or by email at prospectus_department@jefferies.com. Electronic copies of the prospectus supplement and accompanying prospectus will also be available on the website of the SEC at http://www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Contacts
    Investor Relations
    Liam Blackledge, SiriusPoint
    Liam.Blackledge@siriuspt.com
    + 44 203 772 3082
    Media
    Sarah Hills, Rein4ce
    Sarah.Hills@rein4ce.co.uk
    + 44 7718 882011 

    About SiriusPoint

    SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators within our Insurance & Services segment. With over $2.6 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch, and A3 from Moody’s.

    FORWARD-LOOKING STATEMENTS

    We make statements in this press release that are forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include, but are not limited to, the impact of general economic conditions and conditions affecting the insurance and reinsurance industry; the adequacy of our reserves; fluctuation in the results of operations; pandemic or other catastrophic event; uncertainty of success in investing in early-stage companies, such as the risk of loss of an initial investment, highly variable returns on investments, delay in receiving return on investment and difficulty in liquidating the investment; our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market and investment income fluctuations; trends in insured and paid losses; regulatory and legal uncertainties; and other risk factors described in SiriusPoint’s Annual Report on Form 10-K for the period ended December 31, 2024.

    Except as required by applicable law or regulation, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events, or other circumstances after the date of this press release.

    The MIL Network

  • MIL-OSI New Zealand: BusinessNZ – Tourism provides boost to NZ economy

    Source: BusinessNZ

    BusinessNZ welcomes data released by Statistics New Zealand showing an increase in tourism spend and agrees the sector has potential to boost the economy even further.
    Business New Zealand Chief Executive Katherine Rich says the tourism sector continues to bounce back from the damage caused during the COVID-19 pandemic.
    “The 59 percent increase in tourism spend translates to more than $16 billion in the year to March 2024, but the benefits to New Zealand’s economy go much deeper than the dollar value. As our second largest export industry, tourism employs more than 180,000 people across all regions in both rural and urban settings.
    “BusinessNZ agrees with Tourism Industry Aotearoa in saying the industry has the potential to grow its economic contribution and attract more visitors from key markets in Asia and Europe.
    “The stats out today show positive signs of recovery, but we cannot afford to be complacent.
    “If we want New Zealand to remain a top tourism destination, we must continue investing in much-needed infrastructure, so visitors can enjoy a high-quality experience which is unmatched by anything in the world.”
    The BusinessNZ Network including BusinessNZ, EMA, Business Central, Business Canterbury and Business South, represents and provides services to thousands of businesses, small and large, throughout New Zealand.

    MIL OSI New Zealand News

  • MIL-OSI Global: The UK must make big changes to its diets, farming and land use to hit net zero – official climate advisers

    Source: The Conversation – UK – By Neil Ward, Professor of Rural and Regional Development at the Tyndall Centre for Climate Change Research, University of East Anglia

    William Edge / shutterstock

    If the UK is to achieve net zero emissions by 2050, over one-third of its sheep and cows will have to go, with their fields being replaced by huge new areas of woodland. That’s one conclusion of the latest report by the the Climate Change Committee (CCC), the UK government’s independent advisor on climate change.

    The CCC is tasked with outlining how much greenhouse gas the UK can emit if it is to achieve its climate targets – its “carbon budget”. The committee also recommends how the country might reduce its emissions to get within that budget. It sets future budgets every five years or so. This latest report, the seventh carbon budget, looks at emissions in the period 2038 to 2043. It updates the sixth carbon budget produced in 2020.

    The UK has almost halved its greenhouse gas emissions since 1990, but that was the easy half. Most dirty industries are long gone, for instance, and coal power plants have been replaced with gas and renewable energy.

    Next, the country will be grappling with the most challenging sectors including the focus of my academic research: agriculture and land use. This challenge will be worsened by the impacts of climate change and geopolitical uncertainties that raise doubts about the UK’s food security.

    Currently, agriculture makes up about 11% of UK emissions, but this proportion will rise considerably over the next 15 years as other sectors decarbonise further. Cattle and sheep contribute most of these emissions, and the latest carbon budget suggests their numbers will have to be reduced by 22% by 2035 and by over 38% by 2050.

    This is principally to release land to plant tens of thousands of hectares of new woodland each year (60,000 hectares a year by 2040) and to grow energy crops (38,000 hectares a year by 2040). It will also mean fewer emissions from the animals themselves and from growing animal feed.

    The UK needs a lot more of this.
    Callums Trees / shutterstock

    Less meat and dairy

    The latest carbon budget suggests that dietary change is key to this anticipated change in farming and land use. While British people won’t need to give up meat entirely, they will need to reduce consumption of meat and dairy products by around 35% by 2050 compared to 2019 levels.

    Meat and dairy consumption are already falling, however, and the trend has accelerated since 2020. To meet the budget, the decline would need to continue but more rapidly than the long-term trend.

    The CCC is in the business of advising on what government should do to address climate change, not in the business of telling people what to eat. It hopes that food labels with additional information about emissions will help people make better choices for themselves.

    Emphasising non-meat options and altering the layout of supermarkets may also help change the “choice environment” and so change consumption practices. Nevertheless, before long, the UK and devolved governments will have to grasp the nettle of diet change, land use and livestock. There have already been successful legal challenges for having inadequate plans in this area.

    It helps that diets good for the planet are also good for people’s health. In October 2024, the House of Lords food, diet and obesity committee estimated diet-related ill health and obesity cost £98 billion a year. This is a significant drag on productivity and places acute pressures on the NHS.

    Plant-based foods are better for food security

    Energy security is currently prompting much thought and action, but food security has not. Dietary change can also help improve the UK’s food security, however, since meat and dairy take up more land per calorie than healthier alternatives. A large-scale shift in diet and land use could render the UK more resilient to future wars, pandemics or anything else that causes shocks to food prices and supplies.

    For farmers and landowners there has been increasing interest in greener approaches to production, sometimes called regenerative farming. Some within, or clustered around, farming will protest about the scale of reduction in animal numbers implied by net zero.

    Faced with the basic maths, a marked reduction looks unavoidable. The sooner the conversation can shift from whether change is needed to how it might best be fairly and equitably pursued, the better.

    This carbon budget brings positive opportunities for nature restoration, diversifying rural economies and improving the appearance and ecology of the countryside. But for net emissions to come down enough, the amount of wooded land will need to increase from 13% to 19% by 2050 – that’s over a million extra hectares, or roughly equivalent to Cornwall, Devon and Dorset combined.

    These are very stretching targets, and tree planting over the past few years has fallen far short of the rates required. Because afforestation is such an important factor in the carbon budget, if the UK fails to meet its targets, the dietary changes may need to be even greater.

    Heightened international instability threatening UK food security could mean the same. Indeed, some food, health and environmental organisations will point to the seventh carbon budget and say the CCC has not gone far enough.


    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.


    Neil Ward receives funding from UKRI in his role as Co-lead of the AFN (AgriFood4NetZero) Network+.. He is a member of the Labour Party and the National Trust.

    ref. The UK must make big changes to its diets, farming and land use to hit net zero – official climate advisers – https://theconversation.com/the-uk-must-make-big-changes-to-its-diets-farming-and-land-use-to-hit-net-zero-official-climate-advisers-250158

    MIL OSI – Global Reports