Category: Politics

  • MIL-OSI USA: Governor Newsom issues legislative update 9.25.24

    Source: US State of California 2

    Sep 25, 2024

    SACRAMENTO – Governor Gavin Newsom today announced that he has signed the following bills:

    • AB 1785 by Assemblymember Blanca Pacheco (D-Downey) – California Public Records Act.
    • AB 1864 by Assemblymember Damon Connolly (D-San Rafael) – Pesticides: agricultural use near schoolsites: notification and reporting.
    • AB 1868 by Assemblymember Laura Friedman (D-Glendale) – Property taxation: assessments: affordable housing.
    • AB 1874 by Assemblymember Kate Sanchez (R-Rancho Santa Margarita) – Crimes: disorderly conduct.
    • AB 1904 by Assemblymember Christopher Ward (D-San Diego) – Transit buses: yield right-of-way sign.
    • AB 1921 by Assemblymember Diane Papan (D-San Mateo) – Energy: renewable electrical generation facilities: definition.
    • AB 1979 by Assemblymember Christopher Ward (D-San Diego) – Doxing Victims Recourse Act.
    • AB 2005 by Assemblymember Christopher Ward (D-San Diego) – California State University: faculty and employee housing.
    • AB 2143 by Assemblymember Damon Connolly (D-San Rafael) – Fairs.
    • AB 2251 by Assemblymember Damon Connolly (D-San Rafael) – Graduation requirements: local requirements: exemptions.
    • AB 2257 by Assemblymember Lori Wilson (D-Suisun City) – Local government: property-related water and sewer fees and assessments: remedies.
    • AB 2300 by Assemblymember Lori Wilson (D-Suisun City) – Medical devices: Di-(2-ethylhexyl) phthalate (DEHP).
    • AB 2317 by Assemblymember Stephanie Nguyen (D-Elk Grove) – Child day care facilities: anaphylactic policy.
    • AB 2340 by Assemblymember Mia Bonta (D-Oakland) – Medi-Cal: EPSDT services: informational materials.
    • AB 2350 by Assemblymember Josh Hoover (R-Folsom) – Open meetings: school boards: emergencies: notifications by email.
    • AB 2353 by Assemblymember Christopher Ward (D-San Diego) – Property taxation: welfare exemption: delinquent payments: interest and penalties.
    • AB 2427 by Assemblymember Kevin McCarty (D-Sacramento) – Electric vehicle charging stations: permitting: curbside charging.
    • AB 2455 by Assemblymember Jesse Gabriel (D-Encino) – Whistleblower protection: state and local government procedures.
    • AB 2462 by Assemblymember Lisa Calderon (D-Whittier) – Public Utilities Commission: written reports: energy.
    • AB 2534 by Assemblymember Heath Flora (R-Modesto) – Certificated employees: disclosures: egregious misconduct.
    • AB 2552 by Assemblymember Laura Friedman (D-Glendale) – Pesticides: anticoagulant rodenticides.
    • AB 2597 by Assemblymember Christopher Ward (D-San Diego) – Planning and zoning: revision of housing element: regional housing need allocation appeals: Southern California Association of Governments.
    • AB 2661 by Assemblymember Esmeralda Soria (D-Fresno) – Electricity: Westlands Water District.
    • AB 2698 by Assemblymember Tri Ta (R-Westminster) – Route 405: Little Saigon Freeway.
    • AB 2750 by Assemblymember James Gallagher (R-Yuba City) – Electricity: procurement: generation from biomass.
    • AB 2803 by Assemblymember Avelino Valencia (D-Anaheim) – Campaign expenditures: criminal convictions: fees and costs.
    • AB 2832 by Assemblymember Christopher Ward (D-San Diego) – Economic development: international trade and investment.
    • AB 2847 by Assemblymember Dawn Addis (D-Morro Bay) – Electrical and gas corporations: capital expenditures: request for authorization or recovery.
    • AB 2875 by Assemblymember Laura Friedman (D-Glendale) – Wetlands: state policy.
    • AB 2897 by Assemblymember Damon Connolly (D-San Rafael) – Property tax: welfare exemption: community land trusts.
    • AB 2922 by Assemblymember Eduardo Garcia (D-Coachella) – Economic development: capital investment incentive programs.
    • AB 2968 by Assemblymember Damon Connolly (D-San Rafael) – School safety and fire prevention: fire hazard severity zones: comprehensive school safety plans: communication and evacuation plans.
    • AB 3007 by Assemblymember Josh Hoover (R-Folsom) – California Environmental Quality Act: record of environmental documents: format.
    • AB 3024 by Assemblymember Christopher Ward (D-San Diego) – Civil rights.
    • AB 3198 by Assemblymember Eduardo Garcia (D-Coachella) – Joint powers agreements: retail electric services.
    • AB 3251 by Assemblymember Marc Berman (D-Menlo Park) – Accountancy.
    • AB 3252 by Assemblymember Marc Berman (D-Menlo Park) – Shorthand court reporters: sunset: certification.
    • AB 3253 by Assemblymember Marc Berman (D-Menlo Park) – Board for Professional Engineers, Land Surveyors, and Geologists: licensees: professional land surveyors: surveying practices: monuments and corner accessories.
    • AB 3254 by Assemblymember Marc Berman (D-Menlo Park) – Endowment care cemeteries: reporting.
    • AB 3255 by Assemblymember Marc Berman (D-Menlo Park) – Vocational nursing and psychiatric technicians: sunset: licensure.
    • SB 347 by Senator Josh Newman (D-Fullerton) – Subdivision Map Act: exemption: hydrogen fueling stations and electric vehicle charging stations.
    • SB 632 by Senator Anna Caballero (D-Merced) – Vehicles: off-highway recreation: Red Rock Canyon State Park.
    • SB 739 by Senator Angelique Ashby (D-Sacramento) – Construction manager at-risk construction contracts: City of Elk Grove: zoo project.
    • SB 909 by Senator Thomas Umberg (D-Santa Ana) – Steven M. Thompson Physician Corps Loan Repayment Program.
    • SB 941 by Senator Nancy Skinner (D-Berkeley) – California Global Warming Solutions Act of 2006: scoping plan: industrial sources of emissions.
    • SB 974 by Senator Shannon Grove (R-Bakersfield) – Lithium Extraction Tax: fund distribution.
    • SB 1006 by Senator Steve Padilla (D-San Diego) – Electricity: transmission capacity: reconductoring and grid-enhancing technologies.
    • SB 1099 by Senator Janet Nguyen (R-Huntington Beach) – Newborn screening: genetic diseases: blood samples collected.
    • SB 1140 by Senator Anna Caballero (D-Merced) – Enhanced infrastructure financing district.
    • SB 1142 by Senator Caroline Menjivar (D-San Fernando Valley/Burbank) – Electrical and gas corporations: restoration and termination of services.
    • SB 1146 by Senator Scott Wilk (R-Santa Clarita) – Mortgages.
    • SB 1221 by Senator Dave Min (D-Irvine) – Gas corporations: ceasing service: priority neighborhood decarbonization zones.
    • SB 1270 by Senator Shannon Grove (R-Bakersfield) – Department of Food and Agriculture: farm products: licenses and complaints: fees.
    • SB 1313 by Senator Angelique Ashby (D-Sacramento) – Vehicle equipment: driver monitoring defeat devices.
    • SB 1328 by Senator Steven Bradford (D-Gardena) – Elections.
    • SB 1371 by Senator Steven Bradford (D-Gardena) – Alcoholic beverage control: proof of age.
    • SB 1418 by Senator Bob Archuleta (D-Pico Rivera) – Hydrogen-fueling stations: expedited review.
    • SB 1420 by Senator Anna Caballero (D-Merced) – Hydrogen production facilities: certification and environmental review.
    • SB 1425 by Senator Lena Gonzalez (D-Long Beach) – Oil revenue: Oil Trust Fund.

    The Governor also announced that he has vetoed the following bills:

    • AB 99 by Assemblymember Damon Connolly (D-San Rafael) – Department of Transportation: state roads and highways: integrated pest management. A veto message can be found here.
    • AB 718 by Assemblymember Tri Ta (R-Westminster) – Veterans: mental health. A veto message can be found here.
    • AB 828 by Assemblymember Damon Connolly (D-San Rafael) – Sustainable groundwater management: managed wetlands. A veto message can be found here.
    • AB 1975 by Assemblymember Mia Bonta (D-Oakland) – Medi-Cal: medically supportive food and nutrition interventions. A veto message can be found here.
    • AB 2734 by Assemblymember Damon Connolly (D-San Rafael) – Agriculture: Cannella Environmental Farming Act of 1995. A veto message can be found here.
    • AB 2757 by Assemblymember Eduardo Garcia (D-Coachella) – Southeast California Economic Region. A veto message can be found here.
    • AB 2899 by Assemblymember Jesse Gabriel (D-Encino) – General acute care hospitals: licensed nurse-to-patient ratios. A veto message can be found here.
    • AB 2903 by Assemblymember Josh Hoover (R-Folsom) – Homelessness. A veto message can be found here.
    • AB 3263 by Assemblymember Lisa Calderon (D-Whittier) – Electrical corporations: financing orders. A veto message can be found here.
    • SB 26 by Senator Thomas Umberg (D-Santa Ana) – Mental health professions: CARE Scholarship Program. A veto message can be found here.
    • SB 37 by Senator Anna Caballero (D-Merced) – Older Adults and Adults with Disabilities Housing Stability Act. A veto message can be found here.
    • SB 366 by Senator Anna Caballero (D-Merced) – The California Water Plan: long-term supply targets. A veto message can be found here.
    • SB 954 by Senator Caroline Menjivar (D-San Fernando Valley/Burbank) – Sexual health. A veto message can be found here.
    • SB 1020 by Senator Steven Bradford (D-Gardena) – Law enforcement agency regulations: shooting range targets. A veto message can be found here.
    • SB 1050 by Senator Steven Bradford (D-Gardena) – California American Freedmen Affairs Agency: racially motivated eminent domain. A veto message can be found here.
    • SB 1058 by Senator Angelique Ashby (D-Sacramento) – Peace officers: injury or illness: leaves of absence. A veto message can be found here.
    • SB 1337 by Senator Lena Gonzalez (D-Long Beach) – Elections: form of petitions. A veto message can be found here.

    For full text of the bills, visit: http://leginfo.legislature.ca.gov.

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    MIL OSI USA News

  • MIL-OSI USA: The United States and Partners Mobilize $517 Million to Support Democratic Openings Around the World

    Source: USAID

    Today, USAID Administrator Samantha Power, in partnership with the Ford Foundation, convened bilateral partners, democratic reformist government leaders, philanthropic partners, and civil society to collectively announce over $517 million to support countries experiencing democratic openings globally.

    On the sidelines of the United Nations General Assembly, the U.S. government deepened its commitment to supporting democratic “bright spots” by working with Congress to announce over $73 million towards USAID’s Democracy Delivers Initiative. Administrator Power also announced that Guatemala will join the Initiative, following Fiji’s entry in June, as both countries experience historic windows of democratic opportunity. With this announcement, the Democracy Delivers Initiative now supports Armenia, Dominican Republic, Ecuador, Fiji, Guatemala, Malawi, Maldives, Moldova, Nepal, Tanzania, and Zambia. Leaders from these countries joined the event to highlight their countries’ democratic progress and to welcome new investments and collaborations furthering democratic resilience.

    As part of the U.S. commitment, the U.S. International Development Finance Corporation (DFC) announced over $348 million in newly committed transactions in Moldova, Tanzania, and Zambia, bringing their total investment to over $2.38 billion for projects in Democracy Delivers countries since 2022. The Inter-American Foundation also announced $3.3 million in new investments in the Dominican Republic, Ecuador, and Guatemala.

    Administrator Power announced that like-minded partners – including Australia, Canada, Denmark, Estonia, Finland, Germany, Ireland, New Zealand, Norway, Spain, Sweden, Switzerland, and the United Kingdom – jointly committed to supporting democratic openings throughout their development and diplomatic agendas and to bolstering information resilience. 

    Expanding the Democracy Delivers Commitment to Action launched at UNGA in 2023, philanthropic partners announced new commitments totaling up to $92.4 million to support Democracy Delivers countries and objectives. As an anchor partner and host for the 2024 event, Ford Foundation announced $8 million to support democratic opportunity, including in Guatemala. The following foundations also made commitments: The Rockefeller Foundation, Chandler Foundation, Focus Central America, Hilton Foundation, Luis von Ahn Foundation, Rockefeller Brothers Fund, Skoll Foundation, Tinker Foundation, Vodafone Foundation, and WINGS.

    Secretary of State Antony Blinken and Administrator Power launched the Democracy Delivers Initiative in 2022 to bring together a multi-stakeholder coalition of partners and surge resources to countries undergoing moments of democratic renewal to help deliver tangible, lasting progress for citizens. By prioritizing responsiveness to citizen needs and enhancing transparency and accountability, these commitments will strengthen government reform efforts and facilitate improvements to public services. 

    Continuing the momentum of the Summit for Democracy process and building upon previous Democracy Delivers events, the gathering underscored the United States’ continued commitment to convening the world’s democracies in order to galvanize sustained collective action and ensure that democracy delivers opportunity and dignity for all.

    We encourage all organizations to join us.

    MIL OSI USA News

  • MIL-OSI USA: Administrator Samantha Power at the Democracy Delivers Event

    Source: USAID

    ADMINISTRATOR SAMANTHA POWER: Thank you. It is wonderful to be here with so many friends and co-conspirators and people who stand for dignity and democracy every day. I feel incredibly privileged, honestly, to be a part of this initiative. 

    I could have no better partner in Darren Walker, our incomparable anchor partner in the Democracy Delivers Initiative – the co-host for the second year in a row. Some of you know that Darren will be departing from his leadership role at Ford [Foundation]. None of us can imagine the thought of him not performing this role. He is such a giant in supporting civil society, in supporting human dignity, individual dignity around the world. But, we were thrilled, Darren, to think of what you will do next and the difference you will make in whatever walk of life you pursue. You are a walking catalyst for change, and we feel incredibly grateful to you and to the Ford Foundation for all that you do everyday. So, thank you. 

    Thanks to everybody here who’s joining, as well as all of those online. This is a club that we wish more people wanted to be a member of – a gathering of nations who are pursuing really tough political reforms and who are doing so in the face of even tougher economic headwinds often.

    Two years ago, we first brought this group together amidst a wave of very familiar pessimism, talk of authoritarians emboldened, and democracies under attack. And, honestly, in looking back, too often this pessimism over recent years has overshadowed the bright spots of democratic progress springing up in many places around the world. And, they will always spring up because citizens will never relent when their dignity is denied and when they lack agency over their futures. So, we have seen it: citizens standing up, demanding change, and electing leaders who they were trusting to deliver on that promise. 

    Of course, if we did not focus on these movements – as I think traditionally, we really had not sufficiently – we weren’t focusing on them as movements and as reform engines. Then, it was also very unlikely we were going to focus our support on them in an intentional way. And, that, as we have seen, is a critical mistake. Because often democratic reformers come into office facing really, really significant challenges: entrenched corruption, weak institutions, often debt burdens that prevent them from making the investments that their people need and that their people expect. For reformers to have a fighting chance of delivering on the change that their people demand, they need allies. And, that is fundamentally what this network is about. 

    So, Secretary [Antony] Blinken and I, on behalf of President [Joe] Biden, launched the Democracy Delivers Initiative to help provide the support these reformers need. Secretary Blinken today, unfortunately, just got pulled into an urgent obligation with President Biden and is sorry to be missing us today. But, he – and we – take note of the fact that since 2022, in the short time this Democracy Delivers Initiative has been underway, USAID alone has increased our funding for the original cohort of nine Democracy Delivers countries by over $300 million. That is an increase of over 38 percent.

    At the same time, we knew all along that the true power of this initiative would be bringing others on board to surge support to these democratic bright spots as well. Because the beauty of democratic progress is that it creates opportunity for all. So, at this event, back in 2022, we rallied companies to invest in countries experiencing democratic openings, knowing that improvements in the rule of law, increased transparency, and unleashed innovation make democracies ideal places for private investment.  

    At this event, then a year later and a year ago, in 2023, we rallied philanthropies, many represented here today, to focus their giving, their investments in these places as well, knowing that democratic openings create opportunities to drive change that endures – in partnership with leaders who are not standing in the way of progress they see as somehow threatening, but instead championing and seeking to scale good ideas. 

    This year, the third of these meetings, we are pleased to be joined by other bilateral government partners who, like us, see the opportunity that democratic openings create and are committed to supporting them in their own foreign policy and in their own assistance. I am pleased to announce that today we are releasing a joint statement endorsed by 12 countries so far: Australia, Estonia, Canada, Denmark, Germany, Ireland, Finland, New Zealand, Sweden, Switzerland, Spain, and the United Kingdom. Most of these partners are here with us today, committing all of us in this statement to elevating attention to democratic renewal around the world, and committing to look at the ways in which they can increase support across sectors as we work together to make these openings not just moments but movements. 

    This approach is particularly important now as we continue to see new, promising democratic bright spots emerge. 

    And so, just this past June, we welcomed Fiji to the Democracy Delivers Initiative, following on the heels of the first peaceful transfer of power in Fiji’s history which occurred nearly two years ago. And, today, I’m thrilled as well now to announce that Guatemala will be the newest country joining the cohort. 

    Earlier this year, I traveled to Guatemala for the inauguration of President [Bernardo] Arévalo who’s joining us here today. The anti-democratic forces who had been working for months to prevent the president-elect from taking power tried every procedural maneuver that they could to deny the will of the Guatemalan people, delaying the inauguration for nearly ten hours – was it ten hours? But who was counting? And casting into doubt – genuinely casting into doubt – the peaceful transfer of power. But, the people of Guatemala insisted that their will be respected, and they prevailed. After midnight, technically, the day after the inauguration was supposed to occur, President Arévalo finally took the oath of office to an electric crowd chanting, “sí se pudo” – yes, we did.

    Now, as president Arévalo attempts to overcome those same undemocratic forces to deliver on the change that he promised, many of our partners are already surging support. Just to name a few – and you’ll get to hear from others later on – the Inter-American Foundation is helping Guatemala invest in providing the economic opportunities and security that citizens need to build their futures at home. The Tinker Foundation is investing in Guatemala’s education system. The Rockefeller Brothers Fund and Focus Central America are each investing in Guatemalan civil society organizations advancing democracy and justice. 

    Today, we are going to hear from President Arévalo and other leaders who are taking on extraordinary odds to deliver change for their people. And, we are going to hear commitments that partners around the world are making to support this progress. We have many partners with us. So, to make sure we stay on time and can hear from everyone, our timekeeper, Jacob, will help us stay on track – including helping me stay on track. 

    And, to kick us off, I am pleased to announce that USAID will commit an additional $73 million to support democratic development in Democracy Delivers partner countries. This is on top of our programming that we are doing across sectors that many of you are familiar with. But, this new funding is going to support priorities like energy security in Armenia; job growth in Guatemala and Tanzania; public service delivery in Ecuador, Malawi, and Zambia; and democratic governance and anti-corruption efforts in the Dominican Republic, the Maldives, Moldova, and Nepal. And, in recent months, we’ve announced nearly $6 million to support inclusive democratic systems, sustainable local food production, and climate adaptation in Fiji.

    And now, I would like to introduce the President of Fiji, President [Wiliame] Katonivere. Last year, I had the chance, sir, to visit Fiji and to officially establish USAID’s Mission there on the ground. Next week, USAID Deputy Administrator Isabel Coleman, will be leading an interagency delegation to Fiji and other Pacific Islands to continue strengthening our collaboration.

    Let me officially welcome you and the people of Fiji to this Democracy Delivers Initiative. The floor is yours.

    MIL OSI USA News

  • MIL-OSI United Kingdom: Tereos fined for failure to comply with CMA merger procedures

    Source: United Kingdom – Executive Government & Departments

    The CMA has found that Tereos failed to comply with a requirement to produce information in connection with its recent investigation into Tereos’ deal with T&L Sugars.

    The Competition and Markets Authority (CMA) has imposed a fine of £25,000 on Tereos SCA and Tereos United Kingdom and Ireland Limited (together Tereos) for failing to provide relevant information in relation to the T&L Sugars/Tereos merger inquiry.  

    As part of the CMA’s phase 2 investigation, a notice was sent to Tereos under section 109 of Enterprise Act 2002 (the Act) requiring the production of certain minutes and internal documents in relation to its board and corporate governance. Tereos responded to the notice, however, following further enquires by the CMA it was found that Tereos failed, without reasonable excuse, to provide a full response.  

    In particular, the CMA Inquiry Group found that Tereos’ interpretation of the scope of the notice was unjustifiably narrow and untenable when viewed in the context of the object of the merger inquiry and that the failure was capable of having an adverse impact on the CMA’s investigation.    

    In order to reach sound decisions that benefit consumers and the UK economy as efficiently as possible, it is essential that the CMA is able to gather all the evidence it requires. Parties must therefore comply, on time and in full, with requests for information from the CMA during an investigation.

    Richard Feasey, Chair of the independent inquiry group which led the investigation, said: 

    It’s important that firms respect the UK merger review process – which includes providing all the information we need to promptly progress our investigation.  

    Firms and their advisers must not apply their own narrow, artificial interpretation of our formal information gathering requirements– as Tereos has done so here. Had they responded properly then Tereos could have avoided this fine altogether.

    Currently, where there is a failure to comply, without reasonable excuse, with a requirement of a notice under section 109 of the Act, the maximum fixed penalty the CMA is able to impose is £30,000. This is due to increase to 1% of the total value of a business’s worldwide turnover once amendments introduced by the Digital Markets, Competition and Consumers Act 2024 (DMCCA) come into force.  

    For more information, visit the T&L Sugars / Tereos merger inquiry page.

    Notes to editors:   

    1. A copy of the full notice is available via the case page. 

    2. Tereos was represented in the CMA’s investigation by its solicitors, Squire Patton Boggs.  

    3. The CMA received and considered the documents relevant to the notice under section 109 of the Act from Tereos in advance of clearing the merger on 3 September 2024.  

    4. Where a party fails, without reasonable excuse, to comply with investigatory requirements such as a notice requiring the production of documents, the CMA may impose an administrative penalty on that party. The CMA has published guidance Administrative penalties: Statement of Policy on the CMA’s approach (CMA4) on the CMA’s approach and powers in relation to imposing administrative penalties. A draft version of an updated version of the guidance, incorporating changes by the DMCCA was recently consulted on and the CMA is currently analysing feedback following the consultation closing on 23 August 2024. 

    5. The DMCCA received Royal Assent on 24 May 2024. It is currently anticipated that the relevant parts (Part 2, section 143(1) and Schedule 10 paragraph 17) of the DMCCA which relate to the amount of a penalty that can be imposed by the CMA under section 111 of the Act will enter into force in December 2024 or January 2025. These amendments to the Act increase the maximum penalty amount that can be imposed on a business for not complying, without reasonable excuse, with a notice under section 109 from £30,000 to 1% of the annual worldwide turnover in the case of a fixed penalty and from £15,000 to 5% of the daily worldwide turnover of the business in the case of a daily amount.  

    6. For media enquiries, contact the CMA press office on 020 3738 6460 or press@cma.gov.uk.

    Updates to this page

    Published 26 September 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Joint Statement on the situation between Lebanon and Israel

    Source: United Kingdom – Executive Government & Departments

    Joint Statement by the United States, Australia, Canada, the European Union, France, Germany, Italy, Japan, Saudi Arabia, United Arab Emirates, the United Kingdom, and Qatar.

    The situation between Lebanon and Israel since October 8th, 2023 is intolerable and presents an unacceptable risk of a broader regional escalation. This is in nobody’s interest, neither of the people of Israel nor of the people of Lebanon.  

    It is time to conclude a diplomatic settlement that enables civilians on both sides of the border to return to their homes in safety.

    Diplomacy however cannot succeed amid an escalation of this conflict.  

    Thus we call for an immediate 21 day ceasefire across the Lebanon-Israel border to provide space for diplomacy towards the conclusion of a diplomatic settlement consistent with UNSCR 1701, and the implementation of UNSCR 2735 regarding a ceasefire in Gaza

    We call on all parties, including the Governments of Israel and Lebanon, to endorse the temporary ceasefire immediately consistent with UNSCR 1701 during this period, and to give a real chance to a diplomatic settlement.  

    We are then prepared to fully support all diplomatic efforts to conclude an agreement between Lebanon and Israel within this period, building on efforts over the last months, that ends this crisis altogether.

    Updates to this page

    Published 26 September 2024

    MIL OSI United Kingdom

  • MIL-OSI Economics: Monetary developments in the euro area: August 2024

    Source: European Central Bank

    26 September 2024

    Components of the broad monetary aggregate M3

    The annual growth rate of the broad monetary aggregate M3 increased to 2.9% in August 2024 from 2.3% in July, averaging 2.5% in the three months up to August. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, was -2.1% in August, compared with -3.1% in July. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 10.6% in August from 11.4% in July. The annual growth rate of marketable instruments (M3-M2) increased to 22.0% in August from 21.4% in July.

    Chart 1

    Monetary aggregates

    (annual growth rates)

    Data for monetary aggregates

    Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed -1.4 percentage points (up from -2.1 percentage points in July), short-term deposits other than overnight deposits (M2-M1) contributed 3.0 percentage points (down from 3.2 percentage points) and marketable instruments (M3-M2) contributed 1.3 percentage points (up from 1.2 percentage points).

    Among the holding sectors of deposits in M3, the annual growth rate of deposits placed by households increased to 2.3% in August from 2.1% in July, while the annual growth rate of deposits placed by non-financial corporations stood at 1.8% in August, compared with 1.7% in July. Finally, the annual growth rate of deposits placed by investment funds other than money market funds increased to 11.7% in August from 6.3% in July.

    Counterparts of the broad monetary aggregate M3

    The annual growth rate of M3 in August 2024, as a reflection of changes in the items on the monetary financial institution (MFI) consolidated balance sheet other than M3 (counterparts of M3), can be broken down as follows: net external assets contributed 4.0 percentage points (up from 3.8 percentage points in July), claims on the private sector contributed 1.2 percentage points (up from 0.9 percentage points), claims on general government contributed -0.4 percentage points (as in the previous month), longer-term liabilities contributed -1.8 percentage points (up from -1.9 percentage points), and the remaining counterparts of M3 contributed 0.0 percentage points (up from -0.1 percentage points).

    Chart 2

    Contribution of the M3 counterparts to the annual growth rate of M3

    (percentage points)

    Data for contribution of the M3 counterparts to the annual growth rate of M3

    Claims on euro area residents

    The annual growth rate of total claims on euro area residents increased to 0.6% in August 2024 from 0.3% in the previous month. The annual growth rate of claims on general government stood at -1.1% in August, unchanged from the previous month, while the annual growth rate of claims on the private sector increased to 1.2% in August from 0.9% in July.

    The annual growth rate of adjusted loans to the private sector (i.e. adjusted for loan transfers and notional cash pooling) increased to 1.6% in August from 1.3% in July. Among the borrowing sectors, the annual growth rate of adjusted loans to households stood at 0.6% in August, compared with 0.5% in July, while the annual growth rate of adjusted loans to non-financial corporations increased to 0.8% in August from 0.6% in July.

    Chart 3

    Adjusted loans to the private sector

    (annual growth rates)

    Data for adjusted loans to the private sector

    Notes:

    • Data in this press release are adjusted for seasonal and end-of-month calendar effects, unless stated otherwise.
    • “Private sector” refers to euro area non-MFIs excluding general government.
    • Hyperlinks lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.

    MIL OSI Economics

  • MIL-OSI United Kingdom: Immediate measures to step up safeguards against African swine fever from Europe

    Source: United Kingdom – Executive Government & Departments

    The mitigation measures will help to prevent the spread of ASF across the border, protecting the pig sector worth over £8 billion to the UK economy 

    Immediate measures have been introduced to protect pig farmers and industry from an African swine fever (ASF) outbreak. 

    ASF is a highly contagious and deadly disease in pigs and wild boar that can be transmitted through infected meat, but poses no risk to human health. The new safeguarding rules will help protect UK livestock by mitigating its spread across the border to the UK.  

    To safeguard the UK’s pig and farming industries, personal imports of pork and pork products from the EEA (European Economic Area), the Faroe Islands, Greenland and Switzerland will be banned from tomorrow (Friday 27th September), unless such products are manufactured and packaged to EU commercial standards and weigh less than a maximum of 2kg. 

    An outbreak of ASF could have a significant impact on the UK’s £8 billion pig industry, as well as its annual pork and pork product exports worth £600 million. It is estimated that an outbreak could cost the UK between £10 million to £100 million.  

    Biosecurity Minister Baroness Hayman said:  

    African swine fever is a deadly disease wreaking havoc in Europe.   

    These new measures will protect British pig farmers and pork products, preventing infected meat from being brought over the border and threatening our biosecurity.

    The UK has never had an outbreak ASF, and commercial meat imports are routinely checked at the border to ensure infected goods do not reach UK shores. 

    Preventing an outbreak of ASF in the UK remains one of Defra’s key biosecurity priorities, and it keeps policy on personal meat and dairy imports under constant review, as well as works closely with devolved governments on contingency planning and preventing an incursion from infected goods. 

    Those found to bring pork or pork products illegally may be fined up to £5,000 in England. Products will be seized and destroyed on arrival.  

    Defra is investing £3.1 million to Dover Port Health Authority for 2024/25 to help Border Force tackle illegal meat imports and keep African Swine Fever out of Great Britain.

    Updates to this page

    Published 26 September 2024

    MIL OSI United Kingdom

  • MIL-OSI: Bitget Wallet Integrates Unizen DEX Aggregator, Broadening Trading and Liquidity Features

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 26, 2024 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, announces the integration of Unizen, a multi-chain DEX aggregator, into its Swap feature on mobile and browser extensions. This integration enhances trading options and expands liquidity access, adding Unizen’s capabilities across 13 blockchains and 197 liquidity pools.

    The Swap function in Bitget Wallet aggregates hundreds of DEXs and cross-chain bridges, enabling users to perform token swaps, limit orders, and cross-chain services across 50+ blockchains. With the addition of Unizen, users can benefit from a broader selection of trading routes and deeper liquidity pools, which can make decentralized trading more seamless and efficient.

    To further improve the user experience, Bitget Wallet offers advanced features such as real-time market trends, trending token rankings, gas-free trading, automatic slippage adjustments, and Smart Money tracking, allowing users to follow expert traders’ moves. Lightning-fast transaction modes also ensure minimal delays for active traders.

    The integration with Unizen aligns with Bitget Wallet’s vision of providing a unified Web3 trading environment where users can manage, trade, and grow their assets across multiple chains. “We are constantly striving to bring more liquidity and trading options to our users,” said Alvin Kan, COO of Bitget Wallet. “The integration of Unizen supports our goal of creating a multi-chain trading experience, allowing users broader access to the DeFi ecosystem with greater efficiency and transparency.”

    About Bitget Wallet
    Bitget Wallet stands as one of the world’s leading non-custodial Web3 wallets and decentralized ecosystem platform. With the Bitget Onchain Layer, the wallet is poised to develop a burgeoning DeFi ecosystem through co-creation and strategic incubation. Aside from a strong Swap function, Bitget Wallet also offers multi-chain asset management, smart money insights, a native Launchpad, Inscriptions Center, and an Earning Center. Supporting over 100 major blockchains, 250,000+ tokens, and a wide array of DApps, Bitget Wallet is a leading option for asset discovery and Web3 exploration.

    For more information, readers can visit: Website | Twitter | Telegram | Discord

    For media inquiries, readers can please contact media.web3@bitget.com

    About Unizen
    Unizen is a leading DEX aggregator, enabling cross-chain swaps and DeFi access to UTXO assets like native Bitcoin and Dogecoin. Utilizing its in-house trade splitting and routing algorithm, Unizen aims to minimize slippage and reduce gas costs, offering advantages over other DEX aggregators.

    Additionally, Unizen aggregates interoperability providers to offer fast and cost-efficient access to liquidity across multiple blockchains, with the goal of optimizing trading outcomes and enhancing user experience.

    In addition to aggregation, Unizen is expanding its ecosystem with the launch of ZenChain, a Layer-1 blockchain that will utilize ZCX, the native token, for gas fees. ZenChain is a foundational part of the evolving Unizen ecosystem, which also includes diverse components such as decentralized governance, the Earn 2.0 staking program, and more.

    Unizen is committed to continually advancing the decentralized financial space, providing fast, more cost-efficient solutions while enhancing the overall DeFi experience.

    Readers can learn more here: Unizen X I ZenChain X I Discord I Telegram I Website I Application I CMC

    Contact

    PR team
    media.web3@bitget.com

    The MIL Network

  • MIL-OSI: Tomorrow Street Selects Nile to Join its Scaleup X Programme with Vodafone

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif. and LUXEMBOURG, Sept. 26, 2024 (GLOBE NEWSWIRE) — Nile, a pioneer in an entirely new generation of wired and wireless LAN solutions for the enterprise, and Tomorrow Street, a joint venture between Vodafone and Luxembourg’s national technology incubator, Technoport, today announced that Nile has joined Tomorrow Street’s Scaleup X programme, which is designed to help bring the next generation of strategic suppliers into Vodafone through an accelerated selection process.

    Tomorrow Street selected Nile for its potential to give Vodafone’s enterprise customers a new generation wired and wireless Local Area Network (LAN) delivered as a service, with complete zero-trust network access security, zero up-front expense, and the industry’s only performance guarantees for coverage, capacity, and uptime. Nile’s innovative approach to AI-driven network automation also dramatically reduces the burden of network operations for service providers’ managed services teams and enterprise IT customers.

    “In evaluating new solutions to be included in our 2024 cohort of scaleup companies, the Nile Access Service stood out for its innovative approach to providing connectivity for today’s enterprises,” said Neil Cocker, a Tomorrow Street company director and Head of Scouting. “Nile’s fresh take on automation, security, operational intelligence, and billing make for an intriguing proposition.”

    Tomorrow Street provides access to relevant fast-growing scaleups with innovative commercialised solutions that have the potential to scale across large corporations. Scaleup partners are selected in close co-operation with Vodafone experts and senior stakeholders to offer an established range of technology solutions that accelerate digital transformation and create new revenue opportunities for businesses like Nile and its customers.

    “We’re thrilled to partner with Tomorrow Street to deliver a new vision of the enterprise network,” said Pankaj Patel, Nile’s CEO and co-founder. “The Nile Access Service is ideal for service providers like Vodafone, as it provides a complete wired and wireless LAN offering that enables service providers to strengthen their relationships with their enterprise customers but doesn’t add to their operational burden.”

    Nile is participating in two events being held by Tomorrow Street in October 2024. The first is in Luxembourg on 16-17 October 2024 and will include Procurement leaders and decision-makers from Vodafone Procurement & Connectivity Co. The second will occur in London at Vodafone’s HQ on 24 October 2024, with key stakeholders and technology leaders from Vodafone Group.

    About the Nile Access Service
    The Nile Access Service is powered by a new approach for securing enterprise networks that combines built-in zero-trust security for the campus, cloud native software delivery, AI, and automation with a high-performance wired and wireless LAN in an “as-a-Service” offering. The Nile Access Service was built from the ground up to prevent lateral movement cyber attacks while completely automating the network lifecycle management process. This complete service offering is a comprehensive package including hardware and software components, 24/7 support, and zero upfront capital expense, all of which are backed by the industry’s only performance guarantees for availability, coverage, and capacity.

    To learn more about the Nile Access Service, visit https://nilesecure.com/solutions/nile-access-service

    About Nile
    Nile is disrupting the enterprise network market by building natively secure connectivity that modernises IT operations with a new AI networking architecture, delivering enterprise networks entirely as a service. For the first time in the industry, the Nile Access Service integrates zero-trust security and offers performance guarantees for connectivity, coverage, and availability. With Nile, IT organisations close the gap between their digital aspirations and legacy realities with superior connectivity that reduces the burden on critical IT resources. For more information, visit nilesecure.com/solutions/nile-access-service.

    About Tomorrow Street
    Tomorrow Street is an innovation centre that accelerates leading-edge technology through scaling late-stage startups. Tomorrow Street is a joint venture between Vodafone and Luxembourg’s technology incubator, Technoport. Its innovation centre hosts and supports the next generation of strategic suppliers to Vodafone and is a technology hub that attracts entrepreneurs and talent to the fast-growing tech sector in Luxembourg.
    Tomorrow Street’s latest programme Scaleup X is designed to connect Vodafone with fast-growing post-series A scaleups and select the next generation of strategic suppliers enabling new customer propositions and accelerating digital transformation.

    For further information, visit http://www.tomorrowstreet.co.

    Media Contacts:
    Nichols Communications for Nile
    Jay Nichols
    +1 408-772-1551
    jay@nicholscomm.com

    The MIL Network

  • MIL-OSI: Westhaven Receives Commitment for Strategic Investment from Rob McEwen of C$1.5 Million as Part of Previously Announced Brokered Private Placement Offering

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) (“Westhaven” or the “Company”) is pleased to announce, further to its press release dated September 25, 2024 announcing a $5,000,000 brokered best efforts offering (the “ Marketed Offering”) with Red Cloud Securities Inc. (the “Agent”) acting as agent, the Agent has received overnight a commitment from Rob McEwen for participation in the Marketed Offering as a subscriber.

    As previously announced, the Company entered into on September 25, 2024, an agreement with the Agent to act as sole agent and bookrunner in connection with the Marketed Offering to raise gross proceeds of C$5,000,0000 from the sale of the following:

    • 10,000,000 units of the Company (each, a “Unit”) at a price of C$0.15 per Unit for gross proceeds of up to C$1,500,000 from the sale of Units; and
    • gross proceeds of up to C$3,500,000 from the sale of any combination of (i) common shares of the Company that will quality as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a “Traditional FT Share”) at a price of C$0.175 per Traditional FT Share and (ii) flow-through units of the Company to be sold to charitable purchasers (each, a “Charity FT Unit”, and collectively with the Units and Traditional FT Shares, the “Offered Securities”) at a price of C$0.22 per Charity FT Unit.

    Rob McEwen has agreed to make a strategic investment of C$1.5 million in Offered Securities, through his private holding company Evanachan Ltd. Mr. McEwen is the founder and former Chairman of Goldcorp, is currently the Executive Chairman and largest shareholder of McEwen Mining Inc. and is a member of the Mining Hall of Fame.

    Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Offered Securities will be offered for sale to purchasers in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan (the “Canadian Selling Jurisdictions”) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). The Offered Securities are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.

    The Agent was granted the option, exercisable in full or in part, up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional C$1,000,000 in any combination of Units, Traditional FT Shares and Charity FT Units at their respective offering prices (the “Agents’ Option” and together with the Marketed Offering, the “Offering”).

    Any Units and Charity FT Units sold in excess of gross proceeds of C$5,000,000 as well as the Traditional FT Shares (collectively, the “Non-LIFE Securities”) will be offered by way of the “accredited investor” and “minimum amount investment” exemptions under NI 45-106 in the Canadian Selling Jurisdictions, or in the case of the Units, also in offshore jurisdictions and the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act. The Non-LIFE Securities will be subject to a hold period ending on the date that is four months plus one day following the closing date of the Offering under applicable Canadian securities laws.

    The Company intends to use the net proceeds from the sale of Units for working capital and general corporate purposes. The gross proceeds from the issuance of the Traditional FT Shares and the Charity FT Units will be used for Canadian exploration expenses on the Company’s mineral projects in British Columbia and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) (the “Qualifying Expenditures”), which will be incurred on or before December 31, 2025 and renounced to the subscribers with an effective date no later than December 31, 2024 in an aggregate amount not less than the gross proceeds raised from the issue of the Traditional FT Shares and Charity FT Units.

    The Offering is scheduled to close on or around October 15, 2024, or such other date as the Company and the Agent may agree, and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

    The Company will pay to the Agent a cash commission of 6% of the gross proceeds raised in respect of the Offering (the “Agents’ Commission”). In addition, the Company will issue to the Agent warrants of the Company (each warrant, a “Broker Warrant”), exercisable for a period of 24 months following the Closing Date, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Offered Securities sold under the Offering at an exercise price equal to C$0.15 per Common Share.

    There is an amended offering document related to the Offering that can be accessed under the Company’s profile at http://www.sedarplus.ca and on the Company’s website at http://www.westhavengold.com. Prospective investors should read this amended offering document before making an investment decision.

    On behalf of the Board of Directors
    WESTHAVEN GOLD CORP.

    “Gareth Thomas”

    Gareth Thomas, President, CEO & Director

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    About Westhaven Gold Corp.

    Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls ~60,950 hectares (609.5 square kilometres) with four gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at http://www.westhavengold.com

    Forward Looking Statements:

    This press release contains “forward-looking information” within the meaning of applicable Canadian and United States securities laws, which is based upon the Company’s current internal expectations, estimates, projections, assumptions and beliefs. The forward-looking information included in this press release are made only as of the date of this press release. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Company’s expectations with respect to the Offering, including the proposed participation by Mr. McEwen and the size of that participation; the use of proceeds of the Offering; completion of the Offering and the date of such completion. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Company. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

    Forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, and without limitation: that the Offering may not close within the timeframe anticipated or at all or may not close on the terms and conditions currently anticipated by the Company for a number of reasons including, without limitation, as a result of the occurrence of a material adverse change, disaster, change of law or other failure to satisfy the conditions to closing of the Offering; the Company will not be able to raise sufficient funds to complete its planned exploration program; that the Company will not derive the expected benefits from its current program; the Company may not use the proceeds of the Offering as currently contemplated; the Company may fail to find a commercially viable deposit at any of its mineral properties; the Company’s plans may be adversely affected by the Company’s reliance on historical data compiled by previous parties involved with its mineral properties; mineral exploration and development are inherently risky industries; the mineral exploration industry is intensely competitive; additional financing may not be available to the Company when required or, if available, the terms of such financing may not be favourable to the Company; fluctuations in the demand for gold or gold prices generally; the Company may not be able to identify, negotiate or finance any future acquisitions successfully, or to integrate such acquisitions with its current business; the Company’s exploration activities are dependent upon the grant of appropriate licenses, concessions, leases, permits and regulatory consents, which may be withdrawn or not granted; the Company’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; there is no guarantee that title to the properties in which the Company has a material interest will not be challenged or impugned; the Company faces various risks associated with mining exploration that are not insurable or may be the subject of insurance which is not commercially feasible for the Company; the volatility of global capital markets over the past several years has generally made the raising of capital more difficult; inflationary cost pressures may escalate the Company’s operating costs; compliance with environmental regulations can be costly; social and environmental activism can negatively impact exploration, development and mining activities; the success of the Company is largely dependent on the performance of its directors and officers; the Company’s operations may be adversely affected by First Nations land claims; the Company and/or its directors and officers may be subject to a variety of legal proceedings, the results of which may have a material adverse effect on the Company’s business; the Company may be adversely affected if potential conflicts of interests involving its directors and officers are not resolved in favour of the Company; the Company’s future profitability may depend upon the world market prices of gold; dilution from future equity financing could negatively impact holders of the Company’s securities; failure to adequately meet infrastructure requirements could have a material adverse effect on the Company’s business; the Company’s projects now or in the future may be adversely affected by risks outside the control of the Company; the Company is subject to various risks associated with climate change, the Company is subject to general global risks arising from epidemic diseases, the ongoing conflicts in Ukraine and the Middle East, rising inflation and interest rates and the impact they will have on the Company’s operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all is uncertain; as well as other risk factors in the Company’s other public filings available at http://www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. The Company undertakes no duty to update any of the forward-looking information to conform such information to actual results or to changes in the Company’s expectations, except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this offering document is expressly qualified by this cautionary statement.

    The MIL Network

  • MIL-OSI: Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) — Defiance ETFs, a leading innovator in thematic and income-based exchange-traded funds (ETFs), is excited to announce the renaming and strategy update for its suite of Daily Options Income ETFs to better reflect the adoption of same-day expiration options (0DTE) and an enhanced income strategy.

    Effective September 26th, the following changes have been implemented:

    • Defiance Nasdaq 100 Enhanced Options Income ETF (Ticker: QQQY) has been renamed to Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF.
    • Defiance S&P 500 Enhanced Options Income ETF will now trade under the new ticker symbol WDTE and has been renamed to Defiance S&P 500 Enhanced Options & 0DTE Income ETF.
    • Defiance R2000 Enhanced Options Income ETF (Ticker: IWMY) has been renamed to Defiance R2000 Enhanced Options & 0DTE Income ETF.

    Revised Income Strategy: Targeting Weekly Distributions

    Each Fund has revised its principal investment strategy to target weekly distributions rather than monthly. This shift is designed to better align with the income generation opportunities provided by the daily options strategy.

    About Defiance ETFs

    Founded in 2018, Defiance ETFs has emerged as a leading ETF issuer dedicated to income and thematic investing. Defiance’s actively managed options ETFs are designed to potentially enhance income for investors, with distributions now targeted on a weekly basis.

    Media Contact:
    David Hanono
    Defiance ETFs
    Tel: 833.333.9383

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Toroso Investments, LLC (“Toroso” or the “Adviser”). The Fund Administrator is Tidal ETF Services LLC. The investment sub-adviser is ZEGA Financial, LLC (“ZEGA” or the “Sub-Adviser”). JEPY, QQQY, and IWMY are distributed by Foreside Fund Services, LLC.

    “Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 833.333.9383. Read the prospectus or summary prospectus carefully before investing.”

    Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

    The Distribution Rate is the annual yield an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions are not guaranteed.

    An Investment in the Funds is not an investment in the Index, nor are the Funds an investment in a traditional passively managed index fund.

    QQQY Index Overview: The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high market value, often in the billions of dollars. The Index includes companies from various industries but is heavily weighted towards the technology sector. This reflects the Nasdaq’s historic strength as a listing venue for tech companies. Other sectors represented include consumer discretionary, health care, communication services, and industrials, among others.

    JEPY Index Overview: The S&P 500 Index is a widely recognized benchmark index that tracks the performance of 500 of the largest U.S.-based companies listed on the New York Stock Exchange or Nasdaq. These companies represent approximately 80% of the total U.S. equities market by capitalization, making it a large-cap index.

    IWMY Index Overview: The Russell 2000 Index is a widely recognized benchmark index that tracks the performance of approximately 2000 small-cap companies in the United States. These are the smallest companies listed in the Russell 3000 Index, representing about 10% of that index’s total market capitalization.

    QQQY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high market value, often in the billions of dollars.

    JEPY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    IWMY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    Index Trading Risk. The trading price of the Index may be highly volatile and could continue to be subject to wide fluctuations in response to various factors. ­The stock market in general has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies.

    S&P 500 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

    The Nasdaq 100 Index Risks: The Index’s major risks stem from its high concentration in the technology sector and significant exposure to high-growth, high valuation companies. A downturn in the tech industry, whether from regulatory changes, shifts in technology, or competitive pressures, can greatly impact the index. It’s also vulnerable to geopolitical risks due to many constituent companies having substantial international operations. Since many of these tech companies often trade at high valuations, a shift in investor sentiment could lead to significant price declines.

    The Russell 2000 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of in-the-money put option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the Index over the Call Period (typically, one day, but may range up to one week). This means that if the Index experiences an increase in value above the strike price of the sold put options during a Call Period, the Fund will likely not experience that increase to the same extent and may significantly underperform the Index over the Call Period. Additionally, because the Fund is limited in the degree to which it will participate in increases in value experienced by the Index over each Call Period, but has full exposure to any decreases in value experienced by the Index over the Call Period, the NAV of the Fund may decrease over any given time period.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil. This risks greater for the Fund as it will hold options contracts on a single security, and not a broader range of options contracts.

    Distributed by Foreside Fund Services, LLC.

    The MIL Network

  • MIL-OSI Asia-Pac: Text of Vice-President’s address at the 83rd CSIR Foundation Day Celebrations at the NASC Complex, New Delhi

    Source: Government of India (2)

    Posted On: 26 SEP 2024 3:06PM by PIB Delhi

    Good morning, all of you. 

    It could not have been more delightful for me, everyone present in this room is a role model for me. Your contributions are spinal, your contributions in silence are resonating with the last man in the last row, your efforts are changing Bharat. A great occasion for me to be here, this is a very distinguished premium platinum category that is defining the growth history of Bharat, home to one-sixth of humanity. 

    Professor Ajay K. Sood, rightly honoured with the civilian distinction of Padma Shri, Principal Scientific Advisor to the Government of India, his address though brief on account of constraints of time, was illuminating. He indicated synergetic stance being generated with all stakeholders to ensure sustainability of the rise of Bharat. 

    Dr. K. Radhakrishnan his lecture will be a feast to intellect, team excellence, team itself in hears excellence, team is something which is harmonious. Harmony doesn’t mean keeping your point of view to yourself, harmony means having enough space to voice the other’s point of view. It is heard with respect, not rejected by drop of a hat. Team excellence is the ultimate sublime evolution of it, then, Indian Space Odyssey and your life lessons.

    I have instructed my team to record it, I will have a look at it, as will millions, through our platform in Rajya Sabha and Parliament. 

    Dr. N. Kalaiselvi, Director General, CSIR, normally we say, the man is always in the move, gone are those days, she is always on the move, always in action, with passion, mission, and execution. 

    I very fondly remember the visit I had where she was there, I had the occasion to see for myself how the aviation landscape of skilling will be changed by what her team has created. I had the occasion to visit Dehradun and another institute in her absence, we are proud of her because she sacrificingly gives credit to everyone except herself. I was greatly touched by this reflection of Indian civilisational ethos.

    Dr. G. Mahesh he is a Chairperson of the CSIR Foundation Day Celebration, we are gratified and honoured by the presence of those who laid the firm foundations of CSIR who headed it as DGs Dr. Mashelkar is present here. 

    Dr. Samir Brahmachari  is amongst us but science is all about finding out. Everyone present here, particularly in the front row, is to be respected by us. Because like education, education never ends when you leave an institution, education is life long learning same they may have left legally CSIR but their bond continues. 

    I must mention the Central Electronics Limited chairperson, Mr. Jain, for one reason, the honourable minister, who is very passionate about this sector, he wanted to come, I dissuaded him please won’t, he was preoccupied unavoidably.

    Distinguished scientists, researchers, staff, and esteemed audience, my greetings to the entire scientific community in the country, we are beholden to this category for the contributions they have made to make a Viksit Bharat which is before us today. This day is a special day, not just for CSIR alone. This is a very special day for the nation because if we go into our historical perspective, we will find that ages ago, our Bharat had scientific prowess. We were global leaders, we were the centre of the globe when it came to scientific knowledge, the kind of discoveries and inventions that were made by us made the world proud, we lost our way somewhere, we are regaining that way. 

    It is your foundation day, but it is integrally connected with the firm foundations of Bharat, you are firming up those foundations of the most vibrant, functional democracy on the planet. You are firming up the foundations of a nation that is on the rise as never before, and this rise is unstoppable, the rise is incremental, and the destination of a developed nation by 2047 will be realised, if not earlier.

    What I see here is your activities and activities of your sister’s concerns.  It is an endorsement that we are on the way to regaining our past pristine glory in the world of science. As I said, your contributions are in silence, I am using the word “silos” in a positive sense, your activities are in silos, but they physically, positively, and affirmatively impact the lives of 1.4 billion people.

    CSIR can be defined as a catalyst scientifically and imaginatively for Ras. C for catalyst, S for scientifically, I for imaginatively, and R for rashtra. 

    Distinguished audience, it is my great honour and privilege, and it will forever be etched in my memory, that I am associating with the 83rd Foundation Day of CSIR. This is an occasion to commemorate and commend the past achievements, and also to look ahead, unfold a roadmap to be more significantly involved with the nation’s rise and global rise, because Bharat stands for Vasudev Kutumbakam.

    A journey that started in 1960, when I was in class four, and where we have come, is a recognition of the hard work you all have done. I am fully aware of the headwinds you face, the air pockets you endure, the difficult terrain you negotiate, and, on occasions, the lack of due recognition therefore an ecosystem existed earlier where you were contributing, but recognition was not forthcoming in the right form. Soothing to note that, in the last few years, recognition for the scientific community has increased. It has increased in several ways, including the government’s serious focus on it. The Prime Minister’s heart and soul are deeply connected to the scientific community. His belief in your power, prowess, and capacity to generate, at global level, those aspects of science which matter to humanity is evident. I am sure, therefore, that we are in good times.

    Now, there is an ecosystem in place where our scientists can fully exploit and expand their energy, exploit their talent, and contribute to the nation by unleashing their innovative skills. I was not surprised, because that was my expectation, but I was in disbelief when I went through the thematic exhibition, amazing things are happening. Imagine if, from bamboo, you can have wooden flooring. Imagine if, from bamboo, you can have something which far superior or equivalent to sagon teak wood and sagon teak wood life is 4 decades or so. It helps the farmer, and it creates wealth. I am making a reference only to only one, there were many such things, I was greatly touched. 

    These developments reaffirm my confidence, and the confidence of the nation, that Bharat is a factor to reckon with globally. Your tremendous accomplishments have emboldened me to assert that, in research and development, it is matter of time when we will be having our due share at the moment, we are on way to it., much remains to be done. Several energies have to converge, they have to converge diligently, they have to work togetherness and in tandem, there has to be the right amount of fiscal input.

    I am so glad that the Principal Scientific Advisor that is uppermost in his mind, you may not be aware, and it may not have been covered in the media, but he is your star batsman when it comes to securing everything for your scientific community. 

    Let me make a brief reference to the Union Budget 2024-25. He must have put his foot down, I am sure of it when the budget is formed, there are always too many claimants. He fought for your segment, got the due, and it can only be incremental henceforth. It emphasises the budget. Innovation, Research and Development, and Anusandhan – the National Research Foundation has been started. I leave it at that; you know it when a beginning is made, even by a toddler, it takes shape over the years, unstoppably. My congratulations to him, for being your advocate with the government, you are an able advocate. I am so glad. 

    The growth engine of the nation, any nation in the world, is driven by science and technology and this is fuelled by research and development, this makes the focus on research and development of paramount importance. I call upon you from this platform to come forward and generously invest in research and development. I look forward to the day when our corporates will figure in the top 20 global corporates that invest in research and development at the moment, there is none, that doesn’t mean our corporates are not doing enough, they are doing enough. In automobile and in information technology, much is being done but looking at our nation’s size, its potential, its position, and the growth trajectory on which it is, our corporates need to come forward to engage in research and development.

    The investment in research and development is lasting and this, distinguished audience, please note, has another cutting edge: soft diplomacy, if you get something, nations flock to you. We have that power, research and development is so integrated with security these days therefore, investment is for the nation. Investment is for growth. Investment is for sustainability. 

    I am concerned about one aspect in particular, and that aspect, fortunately for me, was voiced in a survey by CSIR, the sample size was 3,000. We must not do lip service to research and development, our contribution has to be substantial, the result has to be substantial, not cosmetic or superficial. We cannot just take pride in saying so much for research and development. The one doing research or development in academic institutions should not be in pursuit only of academic information. Research is not a simulation. Research is research, and I therefore appeal to everyone concerned to have SOP for it. Invest in that human resource or institution that can authentically engage in research and development. The two are separate, when I went to one of the IITs – all IITs are doing well, I am not naming the IIT for that reason – I was amazed that research and development were excellent, it was being done by professors and students. So, we will have to be on guard that merely because physical resources are committed, we cannot take pride, saying, “Oh, I have spent so much for research and development.”

    Investment in research and development, distinguished audience, has to be correlated to tangible outcomes and there are people in the front row who can evaluate what is a tangible outcome. 

    Friends, there is enough to say, but I will conclude by focusing on the state of the nation, state of the nation today is beyond my dreams. I never imagined it. I did not conceive of the earth as it is today, I did not have that contemplation. I am referring to 1989, when I was elected to the Lok Sabha. In 1990, I was a union minister. I will focus on four aspects. 

    One, we went to Jammu and Kashmir, Srinagar, as a member of the Council of Ministers. We stayed at a hotel near Dal Lake, everything was dull, not even twenty souls could be seen on the road, a state of dejection and hopelessness and it was declared in the Rajya Sabha, which I preside as chairman, that last year, two crore tourists went to Jammu and Kashmir. Where is the figure of twenty? Two crores, article 370, a temporary article of the constitution – the only article labelled as temporary was taken by some people, including those who had taken oath under the constitution to be permanent. It is no longer there.

    Second, I suffered the pain because, as a student, हमें पढ़ाया गया था कि भारत सोने की चिड़िया है। As a minister, I had the occasion to see our gold physically airlifted, to be placed in two Swiss banks to sustain our fiscal credibility, because our foreign exchange was around one billion US dollars. Now it is more than six hundred billion US dollars, mind you. We are getting things back rather than giving. I suffered the pain then when the World Bank and IMF would give us not advisories or advice, but peremptorily direct us: “Do this, otherwise…”  and now the same institutions, IMF says, India is a favourite global destination of investment and opportunity. World Bank says, digitisation of India and its penetration that happened in six years is otherwise not achievable in four decades or more. We are a role model, according to the World Bank, of digitisation, that happened there.

    Another aspect was that we had a system where corruption was rampant in power corridors, nothing could catalyse without a middleman, your pedigree was a password to opportunity and a job or a contract. Now power corridors are fully sanitised, the middleman has disappeared from the one-sixth of humanity, at least. Do we see middlemen around? No. All transactions are taking place digitally, without human interface. That is the change I never imagined. This change I am seeing myself. We were living in an era where there was privilege pedigree.some thought law was not for them, they were immune to law. They were not accountable to law, it was a concept not known to them but now, the privileged pedigree is feeling the heat of law and why not? Equality before the law is an inalienable facet of democracy. How can we call a nation a democratic nation if some people pass away more equal than others? That is the benefit to young minds and as a result of that, our youth are energised.

    The fourth point I wish to make is about the economy. I can’t even tell you the size of the Indian economy in 1990 was smaller than the city of London or Paris. Imagine. A decade ago, we were counted amongst the fragile five nations. A cliff hanging economy, a concern to the global community. Now we are a robust economy, we are amongst the five great economies of the world, we are the fifth largest, on the way to becoming the third, ahead of Japan and Germany, in two years. Our economic rise is like a plateau, affecting everyone. 

    In all this, the contribution of science is there, technology is there, corruption would have been there, Transparent, accountable governance would not have been there unless there was technology. Digitisation and penetration would not have happened but for democracy. People are adept at technology, they may not be very literate, but they know how to use the internet, how to avail themselves of services. This means the Great Marathon March for Viksit Bharat@2047. You are the major stakeholders. You may not be that visible on the screen, but you are the driving force of it. You will have to be contributing 24X7. 

    My best wishes to you, CSIR exemplifies excellence, academic brilliance and cutting-edge research. In the near future, we will doubtlessly see Bharat emerging as a global pioneer in the domains of science and technology that will help us script a new chapter in our growth story.

    Thank you so much.

    ****

    JK/RC/SM

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Appointment of Over 15000 Youth in First 100 Days of Modi 3.0 by Central Ministries and Departments Paving the Path to VIKSIT BHARAT

    Source: Government of India

    Posted On: 25 SEP 2024 10:28PM by PIB Delhi

    The Prime Minister Narendra Modi has always accorded the highest priority to generation of employment opportunities and empowerment of youth in the country. The Prime Minister has always held that our demographic dividend is one of the biggest strengths of our country and the Government of India is according the highest priority to ensure the talent of the youth is fully utilized in the nation building to achieve the goal of Viksit Bharat.

    First 100 days of the third term of the present Government have been marked by several key initiatives and decisions which have positively impacted the lives of people and laid a strong foundation for Vikshit Bharat@2047. The citizen-centric decisions have been driven by the vision of the Prime Minister to enhance ease of living and make life better for the poor & middle class, dalit, vanchit, adivasis, Nari shakti and Yuva shakti.

    During the period of 100 days, appointment letters have been issued to over 15000 youth for government jobs by Central Ministries and Departments. The new appointments comprised of various ranks, posts and groups, including the following:

    Ministry of Home Affairs- Inspector, Assistant Sub Inspector, Constable, Head Constable, Sub Inspector, Carpenter, Store, Driver, Constable (Executive) in Delhi Police etc.

    Ministry of Coal– Surveyor (Mining), Senior Medical officer, Medical Specialist, Executive Trainee, Dumper Operator etc.

    Ministry of Health and Family Welfare – Doctor, Nursing Officer, Professor, Assistant Professor, Medical Specialist, Pharmacist, MTS, Lower Division Clerk, Radiographer, and Library Clerk, Laboratory Attendant.

    Department of Higher EducationAssistant Professor, Registrar, Multi-Tasking Staff, Private Secretary, Controller of Examination, Technical Officer, Sports Officer, Executive Engineer, Counselor, Law Officer.

     

    Department of Revenue –Inspector, Examiner, Preventive Officer, Tax Assistant, Multi -Tasking Staff etc.

     

    Ministry of Power- Engineer (Trainee), Manager, Dy. Manager etc.

    Ministry of Defence (Civilian)– Scientist, Multi-Tasking Staff (MTS), Tradesman, Civilian Motor Driver, Clerk, etc.

    The newly inducted appointees will also be getting an opportunity to train themselves through “Karmayogi Prarambh”, an e-learning module on iGOT Karmayogi portal, where more than 1200 high quality e-learning courses have been made available for ‘anywhere any device’ learning format. More than 43 Lakh Karmayogis have so far been onboarded onto the portal Mission Karmayogi, launched in September 2020, aiming at promoting citizen-centric governance.

    The new appointees will be able to serve the Nation by joining their services in various roles and will be witness to India@2047 and are expected to play a significant role in nation building. They will be, inter alia, involved in the task of strengthening Industrial, Economic and Social Infrastructure of the nation thereby building New India with their innovative ideas, cutting edge technology and public participation in governance. The momentum of transformative change continues to shape the nation’s rise at the global stage.

    *****

    AG

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    MIL OSI Asia Pacific News

  • MIL-OSI USA: Administrator Samantha Power Concludes Her Visit to New York for the UN General Assembly High-Level Week

    Source: USAID

    The following is attributable to Spokesperson Benjamin Suarato:

    Administrator Samantha Power began her third day at the UN General Assembly High-Level Week with a meeting with Haitian Prime Minister Garry Conille. They discussed USAID’s ongoing efforts to support the people of Haiti and the transitional government. Administrator Power underscored USAID’s strong commitment to partnerships focused on building a more stable and prosperous Haiti. The Administrator and the Prime Minister emphasized the importance of support for the Multinational Security Support (MSS) mission. Administrator Power and Prime Minister Conille also emphasized the need for timely renewal of HOPE/HELP trade preferences. 

    Administrator Power co-chaired a roundtable discussion with UK Development Minister Anneliese Dodds on Houthi detentions of UN, NGO, and diplomatic staff in Yemen. Participants included high-level officials from the UN and a range of governments. Participants emphasized their shared resolve to press for the immediate release of the detainees using all diplomatic channels, reassess programming, and reaffirm their commitment to supporting the people of Yemen.

    Administrator Power met with Dr. Muhammad Yunus, Chief Advisor of Bangladesh’s Interim Government. They discussed the strong support of the U.S. for the people of Bangladesh, including through the personal engagement of President Biden and the recent signing of a more than $200 million development agreement with the Interim Government. Administrator Power and Chief Advisor Yunus discussed labor rights and reforms, and Administrator Power reaffirmed USAID’s commitment to offering a range of support in advancing development, strengthening governance, expanding trade, and creating greater opportunities at a critical moment in Bangladesh. 

    At USAID’s flagship Democracy Delivers event, Administrator Power announced a mobilization of $517 million, including $73 million through USAID and the Department of State, in support of countries experiencing democratic openings. Administrator Power announced that Guatemala will join the Agency’s Democracy Delivers Initiative, which now supports Armenia, Dominican Republic, Ecuador, Fiji, Guatemala, Malawi, Maldives, Moldova, Nepal, Tanzania, and Zambia. Leaders from these countries joined the event to highlight their countries’ democratic progress and to welcome new investments and collaborations furthering democratic resilience. Like-minded government partners committed to elevate attention to democratic openings around the world, and philanthropic partners announced new commitments to support democratic development across the Democracy Delivers cohort of countries.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Mere commitment of fiscal resources and lip service to R&D is not enough; focus on tangible outcomes, says VP

    Source: Government of India

    Mere commitment of fiscal resources and lip service to R&D is not enough; focus on tangible outcomes, says VP

    PM’s heart and soul is deeply with scientific community-VP

    Ecosystem in place where scientists can fully exploit their potential, says VP

    R&D contributions have to be substantial not cosmetic-VP

    Research is integral to soft diplomacy and security-VP

    Shri Dhankhar calls on corporates to invest in research and development

    CSIR stands for Catalyst for Scientifically Imaginative Rashtra, underlines VP

    R&D in institutions should not be in pursuit of gaining academic information alone-VP

    Vice-President addresses the 83rd Foundation Day Celebrations of CSIR at New Delhi today

    Posted On: 26 SEP 2024 3:22PM by PIB Delhi

    The Vice-President, Shri Jagdeep Dhankhar today said that contributions to R&D must be “substantial, the result has to be substantial, not cosmetic or superficial”, he stressed. He said that mere commitment of fiscal resources is not enough and significance of any research should be measured in terms of tangible outcomes.

    “We will have to be on guard that merely because fiscal resources are committed, we cannot take pride, oh, I have spent so much for research and development. Investment in research and development has to be correlated to tangible outcomes,” he added.

    Addressing the gathering at the at the 83rd CSIR Foundation Day Celebrations, Pusa Road, New Delhi today, the Vice-President invited attention to the significance of research and development in the contemporary scenario, Shri Dhankhar emphasised that research and development is integral to soft diplomacy and national security.

    “The investment in research and development is lasting…..Research and development is so integrated to security these days. And therefore investment is for the nation. Investment is for growth. Investment is for sustainability”, he asserted.

    Highlighting the current environment, Shri Dhankhar expressed satisfaction that recognition for the scientific community has significantly increased. “Soothing to note that in last few years recognition for the scientific community has gone up. It has gone up in several ways including government being very serious about it, and Prime Minister’s heart and soul is deeply in scientific community”.

    Shri Dhankhar further lauded Prime Minister’s deep respect for and belief in the potential of India’s scientists.

    Reflecting on the past where the contributions of scientists were not always appropriately recognized, Shri Dhankhar remarked “I am fully alive of the headwinds you face, air pockets you suffer, difficult terrain you negotiate and on occasions there is no due recognition. Therefore, an ecosystem that existed earlier where you were contributing and recognition was not coming in the right form”, he added.

    Recognising the current change in ecosystem, Shri Dhankhar underlined, “Now there is an ecosystem in place where our scientists can fully exploit and expand their energy exploit their talent and contribute for the nation by unleashing their innovative skills”.

    Calling upon corporate to invest more in research and development, he said “significant contributions being made by Indian companies in sectors like automobile and information technology. Looking to our nation’s size, its potential, its position, and the growth trajectory on which it is there, our corporates need to come forward to engage in research and development”.

    Terming CSIR as Catalyst for Scientifically Imaginative Rashtra, Shri Dhankhar highlighted, “It is your Foundation Day, but it is integrally connected with the firm foundations of Bharat. You are firming up those foundations of the most vibrant, functional democracy on the planet. You are firming up the foundations of a nation that is on the rise as never before, and the rise is unstoppable” 

    He further emphasized the crucial role of science and technology as the growth engine for any nation, underscoring that this engine is primarily driven by research and development (R&D).

    Expressing his deep concern about the current approach to research and development (R&D) in India’s institutions, Shri Dhankhar highlighted the need for substantial contributions rather than mere lip service. “I am concerned about one aspect in particular, and that aspect, fortunately for me, was voiced in a survey by CSIR,” he stated.

    He further stressed that those engaged in research within academic institutions should not be motivated solely by academic gains, asserting, “Research is not a simulation. Research is research.”

     He appealed for the establishment of Standard Operating Procedures (SOPs) to ensure that investments in human resources and institutions are directed towards authentic and impactful research.

    Acknowledging the critical role played by CSIR in shaping modern India’s scientific and technological landscape, Shri Dhankhar emphasized the historical legacy of India’s scientific stating “if we go into our historical perspective we will find ages ago our Bharat had scientific prowess. We were global leaders; we were centre of the globe when it came to scientific knowledge”.

    He also noted that while the country lost its way for a period, it is now on the path to regaining our past pristine glory in the world of science. “The kind of discoveries and inventions that were made, we made the world proud, we lost way somewhere, we are beginning that way”, he remarked. 

    Earlier the Vice-President also inaugurated the ‘CSIR Thematic Exhibition 2024’ at NASC Complex. 

    Shri Prof. Ajay K. Sood, PSA to GoI, Dr. K. Radhakrishanan, CSIR Foundation Day Speaker, Former Chairman, ISRO, Dr. N. Kalaiselvi, Director General, CSIR, Dr. G Mahesh, Chairperson, CSIR Foundation Day Celebration and other dignitaries were also present on the occasion.

    Read full text here: pib.gov.in/PressRelese

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    JK/RC/SM

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Ingrid Yeung attends Govt career fair

    Source: Hong Kong Information Services

    Secretary for the Civil Service Ingrid Yeung today attended a Government Career Fair at the Polytechnic University (PolyU) and called on those who aspire to serve the community to join the civil service.

    The fair was the first to have taken place at PolyU. Thirty government bureaus and departments, covering over 50 civil service grades, took part.

    Besides the general grades, professional grades and the disciplined services were included in the fair.

    In view of the courses offered by PolyU, Mrs Yeung outlined that the Government has arranged for officers from relevant departments to introduce their grades to students.

    She said the fair highlighted civil service job opportunities related to surveying and maritime studies and would give PolyU students who are studying these subjects a better understanding of the relevant grades.

    The Government has strengthened its recruitment efforts in recent years. Mrs Yeung stressed that a number of grades have seen a noticeable increase in the number of applicants.

    She highlighted that the number of candidates applying for Administrative Officer (AO), Executive Officer II (EOII) and other grades under the joint recruitment exercise in 2023-24 surged by nearly 40%, adding that this illustrated that job seekers view a career in the Government as attractive.

    The Government has launched a joint recruitment exercise for the appointment of four civil service grades, namely AO, EOII, Assistant Trade Officer II and Transport Officer II. Students graduating in 2025 or 2026 may also apply this year.

    Mrs Yeung reminded those interested in applying for four civil service graduate posts to submit their applications by 11.59pm on October 4.

    MIL OSI Asia Pacific News

  • MIL-Evening Report: Grattan on Friday: Experts want Albanese to lead on indoor air quality as part of pandemic planning

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

    FOTOGRIN/Shutterstock

    Last month, a delegation led by Brendan Crabb, head of the Burnet Institute, a prestigious medical research body, met Anthony Albanese in the prime minister’s parliament house office.

    Its members, who included Lidia Morawska from Queensland University of Technology, a world-leading expert on air quality and health, also blitzed ministers and staffers. They were pitching for the federal government to spearhead a comprehensive policy on clean indoor air and for the issue to be put on the national cabinet’s agenda.

    They pointed out to Albanese that indoor air is an outlier in our otherwise comprehensive public health framework. Despite people spending the majority of their time inside, indoor air quality is mostly unregulated, in contrast to the standards that apply to, for example, food and water.

    There are multiple health and economic reasons to be concerned about this air quality but a major one is to limit the transmission of airborne diseases, such as COVID.

    For many of us, COVID has become just a bad memory, despite its lasting and mixed legacies. For instance, without the pandemic, fewer people would now be working from home. More small businesses would be flourishing in our CBDs. Arguably, fewer children would be trying to catch up from inadequate schooling.

    While the media have largely lost interest in COVID, and people are now rather blase about it, the disease is still taking a toll.

    In 2023 there were about 4,600 deaths attributed to COVID, and almost certainly more in reality, given Australia that year had 8,400 “excess deaths” (defined as actual deaths above expected deaths).

    Up to July this year there were 2,503 COVID deaths.

    In nursing homes, whilst survival rates from COVID are much improved with vaccination and antivirals, as of September 19, there were 117 active outbreaks with 59 new outbreaks in that past week. There had been 900 deaths for the year so far.

    Long COVID has become a serious issue, with varying respiratory, cardiac, cognitive and immunological symptoms. It is estimated between 200,000 and 900,000 people in Australia currently have long COVID.

    The Albanese government is presently awaiting the report it commissioned into how the COVID pandemic was handled.

    The inquiry has looked at the performance of the Morrison government, but its terms of reference didn’t include the states. That limits its usefulness, but there were politics involved, given high profile state Labor governments.

    Not that the state and territory leaders of that time are around anymore (apart from the ACT’s Andrew Barr). Those faces that became so familiar from their daily news conference have disappeared into the never-never: Victoria’s Dan Andrews, Western Australia’s Mark McGowan, New South Wales’ Gladys Berejiklian, Queensland’s Annastacia Palaszczuk.

    COVID variously made or tarnished leaders’ reputations. McGowan, in particular, reached stratospheric heights of popularity. Andrews deeply divided people.

    In general, however, COVID boosted support for leaders and increased public trust in them and in government. In times of uncertainty, the public looked to known institutions and to authority figures. Since then, trust has eroded again.

    Experts came into their own during the pandemic but then found themselves in the middle of the political bickering. In retrospect, some of them were wrong.

    In the broad, especially in terms of the death rate and the economy, Australia navigated the crisis well. But drill down, and the story is more complex, as documented by two leading economists, Steven Hamilton (based in Washington and connected to the Australian National University) and Richard Holden (from UNSW).

    In their just-published book, Australia’s Pandemic Exceptionalism, their bottom-line conclusion is that Australia was very impressive in its (vastly expensive) economic response but it was a mixed picture on the health side.

    While Australia was quick out of the blocks in closing the national border and bringing in other measures, it fell down dramatically on two fronts. The Morrison government failed to order a wide variety of vaccines and it failed to buy enough Rapid Antigen Tests (RATs).

    The “vaccine procurement strategy was an unmitigated disaster,” Hamilton and Holden write. This was not just “the greatest failure of the pandemic – it was arguably the greatest single public policy failure in Australian history”.

    “We put all our vaccine eggs in just two baskets”, both of which failed to differing degrees. This was “a terrible risk to take. Pandemics are times for insurance, not gambling,” they write.

    “And while our tax and statistical authorities marshalled their forces to operate much faster and more nimbly to serve the desperate needs of a government facing a once-in-a-century crisis, our medical regulatory complex repeatedly ignored international evidence and experience, and our political leaders capitulated to their advice. And then the prime minister told us that when it came to getting Australians vaccinated:‘it’s not a race’”.

    The failure to order every vaccine on the horizon meant when production or supply problems arose for those that were hoped for or on order, the rollout was delayed.

    After this bungle, “stunningly, we turned around and repeated these same mistakes all over again” by not obtaining and distributing freely massive numbers of RATs. In this failure, “our federal government showed the same lack of foresight, the same penny-wise but pound-foolish mindset that it had displayed in the vaccine rollout”.

    The authors blame Scott Morrison, then-health minister Greg Hunt, then-chief medical officer Brendan Murphy, the Therapeutic Goods Administration (TGA), and the Australian Technical Advisory Group on Immunisation (ATAGI) for the health failures, which prolonged the lockdowns, cost lives and delayed reopening.

    Urging better preparation for the next pandemic, Hamilton and Holden have a list of suggestions. They stress we need to ensure we have mRNA vaccine manufacturing capability (on which there is fairly good progress). We must get vaccine procurement “right from the start” regardless of cost. Huge quantities of RATs should be procured as soon as they become available, ready to be used immediately.

    A complete overhaul of the medical-regulatory complex should be undertaken. As well, Australia should continue to invest in “economic infrastructure”. In the pandemic, the economic effort was facilitated by having a single touch payroll system. “The first obvious candidate for improvement is a real-time GST turnover reporting capability.”

    Perhaps a comprehensive indoor clean air policy could be added to the infrastructure list.

    The government’s review will have its own recommendations. Crabb and his colleagues hope they include attention to indoor air quality, following advice from the Chief Scientist and the National Science and Technology Council.

    Members of the delegation say they received an attentive hearing from the PM.

    Anna-Maria Arabia, chief executive of the Australian Academy of Science, and a member of the delegation, says Albanese “understood that improving indoor air quality is a cornerstone requirement to preparing for future pandemics and [he] was attuned to the practical implications of having good indoor air quality systems, including schools and workplaces being able to stay open and functional, reduce absenteeism and boost productivity”.

    What’s needed beyond awareness, however, is timely policy action. Pandemics don’t give much notice of their arrival.

    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. Grattan on Friday: Experts want Albanese to lead on indoor air quality as part of pandemic planning – https://theconversation.com/grattan-on-friday-experts-want-albanese-to-lead-on-indoor-air-quality-as-part-of-pandemic-planning-239829

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Russia: Alexander Novak inspected the exhibition display of equipment and technologies for the fuel and energy complex as part of the Russian Energy Week

    MIL OSI Translation. Region: Russian Federation –

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

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    Alexander Novak inspected the exhibition display of equipment and technologies for the fuel and energy complex at the site of the International Forum “Russian Energy Week” (REW)

    Deputy Prime Minister Alexander Novak inspected the exhibition display of equipment and technologies for the fuel and energy complex at the site of the international forum “Russian Energy Week” (REW). He visited the stands of the United Energy Company, the energy complex of the Moscow government, Mosgaz, the Institute of Oil and Gas Technological Initiatives (INTI), Rosstandart, TD Vzlyot, Transneft, “Gas Stations and Logistics – Innovative Solutions for Business Management”, Pipe Metallurgical Company, as well as the exposition of companies from China.

    At the JSC OEK stand, the Deputy Prime Minister was shown a branded Moskvich electric car with a charging station, energy-efficient LED smart lights with built-in lamp control modules, which are currently being installed in Moscow, as well as architectural and artistic lighting devices that transform the facades of the capital’s buildings at night.

    The Mosgaz site displays samples of the latest Russian gas distribution equipment and heat supply sources – from design and documentation development to 3D modeling and production of finished products. The gas workers’ exposition features models of a gas control station, a boiler room, and a mobile boiler room.

    INTI has established itself as an effective mechanism in import substitution and achieving technological sovereignty of Russia. Its task is to approve and further apply professional standards in the production and procurement activities of oil and gas companies together with representatives of business and government. The institute is also working on the implementation of “road maps” for import substitution adopted within the framework of the Coordination Council for Import Substitution of Oil and Gas Equipment in accordance with the formed action plan.

    At the Rosstand, Alexander Novak was shown a model of a laboratory that is part of a universal reference testing center designed to test various products, including electrical equipment, using climatic and resource tests and technical means for electromagnetic compatibility parameters.

    TD Vzlet, a Russian developer and manufacturer of devices and systems for metering the flow of liquids, thermal energy and gases, demonstrated the latest models of flow meters for gas metering at REN.

    The Transneft site features the latest anti-corrosion equipment that ensures the operation of freight and pipeline transport.

    At the stand “Gas stations and logistics – innovative solutions for business management”, Alexander Novak was shown digital solutions for modern gas stations in three areas: logistics, equipment monitoring and gas station management system.

    The stand of the companies from China presents products and technical solutions from 15 companies of the friendly country in the petrochemical and gas chemical industry, including equipment, parts and service solutions.

    The Pipe Metallurgical Company demonstrated technologies for thermochemical impact on unconventional oil-bearing horizons. This is a well assembly complex for the extraction of hard-to-recover reserves. The solution, developed entirely in Russia, will significantly increase the percentage of hydrocarbon extraction and the profitability of developing hard-to-recover reserves.

    In total, the exhibition features stands from 34 participants from various regions of Russia, the Republic of Belarus and China.

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

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

    http://government.ru/nevs/52800/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI United Kingdom: Notice of the Colinton/Fairmilehead by-election published

    Source: Scotland – City of Edinburgh

    Nominations open tomorrow (Friday 27 September) for candidates to stand in the forthcoming Colinton/Fairmilehead by-election.

    The by-election is being held following the resignation of Councillor and former Transport and Environment Convener Scott Arthur. 

    On Thursday 14 November, Colinton/Fairmilehead residents will go to the polls to select a new councillor to represent the ward which also includes Bonaly, Dreghorn, Oxgangs and Swanston and has a current electorate of 19,226.

    Formal Notice of Election was published today explaining how to stand as a candidate, who is eligible to vote and how to make sure you are on the Electoral Register. 

    Voters have a range of options for casting their ballot – in person, by post or by appointing someone they trust to vote in their place, known as a proxy vote.

    In order to stand as a candidate, individuals must submit nomination papers, which are available on the Council website, by 4pm on Monday 14 October.

    Chris Highcock, Depute Returning Officer for Edinburgh, said:

    The Notice of Election signifies the official start of the election period for Colinton/Fairmilehead. I would urge all citizens in the ward to make sure they are registered and have their details or preference of how they would like to vote up to date in plenty of time.

    Anyone unsure about how to register, where to vote or how to vote by post can find more information on the Council website.

    Polling stations will be open from 7am to 10pm on Thursday 14 November. Details of where these are will be announced shortly.

    People aged 16 and over and all those legally resident – including foreign citizens – can register to vote in this election.
    Find out more about elections in Edinburgh and how to register to vote on the Council website.

    The deadline to register to vote is Tuesday 29 October 2024, to apply for a postal vote the deadline is Wednesday 30 October 2024, and for a proxy vote the deadline is Wednesday 6 November 2024.

    Published: September 26th 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Online survey for stakeholders of demersal fisheries in Celtic Sea and Western Channel

    Source: United Kingdom – Executive Government & Departments

    Marine Management Organisation (MMO) has launched an online survey to seek views on future management of demersal fisheries in Celtic Sea and Western Channel.

    MMO is leading development of the Celtic Sea and Western Channel demersal Fisheries Management Plan (FMP) which covers demersal stocks in English and Welsh waters in ICES areas 7e, 7f, 7g, 7h.

    The FMP covers demersal species such as pollack, cod, monkfish/anglerfish, nephrops and skates and rays.

    This online survey will help improve our understanding of the fisheries, including gaps in data, current issues and potential future management measures.

    This survey will close on 31 January 2025.

    Data collected from respondents will be used in the development of the FMP, which will subsequently go to public consultation and is due to be published by the end of 2025.

    Anonymised and combined responses to this survey will be summarised with the published FMP documents.  Please check out our privacy notice which explains how your data will be collected, stored and used.

    Please email the FMP team at FMP@marinemanagement.org.uk if you would like any further information on this FMP.

    Start now

    Updates to this page

    Published 26 September 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: UK constrains Russia’s future LNG plans 

    Source: United Kingdom – Executive Government & Departments

    The UK has sanctioned 5 ships and 2 entities involved in the Russian Liquified Natural Gas (LNG) sector. 

    • The UK has sanctioned 5 ships and 2 entities involved in the Russian Liquified Natural Gas (LNG) sector. 

    • This is the first time the UK is using its new ship specification power to target LNG vessels directly. 

    • Today’s action builds on efforts alongside allies to bear down on Russia’s attempts to bolster its future energy revenues – the most critical source of funding for Putin’s war in Ukraine. 

    The UK has today, 26 September, taken decisive action to sanction 5 vessels and 2 associated entities involved in the shipping of Russian LNG, including from Russia’s flagship Arctic LNG 2 project. 

    LNG is an important source of funding for Putin’s illegal war in Ukraine. Russia has plans to expand its LNG revenues, aiming to grow their global LNG market share from 8% to 20%.  

    Earlier this year, the UK sanctioned Arctic LNG 2, alongside our allies in the US and EU. Since then, the project has been forced to slash production. Today’s action builds on this by targeting ships and entities involved in the Russian LNG sector, which engage with projects important to Russia’s future energy production. 

    The UK has now sanctioned 15 vessels and entities involved in the Russian LNG sector and we will continue to bear down on this important source of funding for Putin’s illegal war in Ukraine.   

    The vessels sanctioned today are: 

    • PIONEER (IMO 9256602) 

    • ASYA ENERGY (IMO 9216298) 

    • NOVA ENERGY (IMO 9324277) 

    • NORTH SKY (IMO 9953523) 

    • SCF LA PEROUSE (IMO 9849887)  

    We are also sanctioning the following entities associated with the vessels: 

    • OCEAN SPEEDSTAR SOLUTIONS OPC – The operator and manager of PIONEER and ASYA ENERGY. 

    • WHITE FOX SHIP MANAGEMENT – The operator and manager of NORTH SKY  

    Notes to Editors  

    • Ships specified under the Russia (Sanctions) (EU Exit) Regulations 2019 are prohibited from entering a port in the UK, may be given a movement or a port entry direction, can be detained, and will be refused permission to register on the UK Ship Register or have its existing registration terminated.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 26 September 2024

    MIL OSI United Kingdom

  • MIL-OSI: Hut 8 GPU-as-a-Service Vertical Goes Live with Inaugural Deployment

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, today announced that its GPU-as-a-service vertical has begun generating revenue as the inaugural GPU cluster for an AI cloud developer comes fully online.

    The cluster, hosted at a tier-three data center in Chicago, comprises multiple Hewlett Packard Enterprise (“HPE”) Cray supercomputers powered by 1,000 NVIDIA H100 GPUs. Hut 8 partnered with HPE and AdvizeX to design, configure, and commission the cluster, which is being launched under Hut 8’s subsidiary, Highrise AI, Inc. Hut 8’s five-year agreement with the AI cloud developer provides for fixed infrastructure payments plus revenue-sharing.

    “The launch of our GPU-as-a-service vertical further diversifies our compute layer, which now spans AI compute, Bitcoin mining, and traditional cloud services,” said Asher Genoot, CEO of Hut 8. “Consistent with our commitment to disciplined capital allocation, we believe a thoughtfully structured AI compute business will be accretive both financially and strategically and drive topline growth, revenue diversification, and long-term value creation.”

    “We are thrilled to support the launch of Hut 8’s GPU-as-a-service offering, in collaboration with our trusted partner AdvizeX, through the delivery of world-class high-performance computing solutions,” said Jerome Boucher, Vice President and General Manager, HPC and AI Solutions, North America of HPE. “We look forward to extending our expertise in building the world’s fastest supercomputers to support Hut 8’s ambition to offer state-of-the-art GPU-as-a-service capabilities to its customers.”

    As part of its strategy to build a next-generation energy infrastructure platform, Hut 8 continues to scale its compute layer across energy-intensive technologies with the aim of maximizing returns on its portfolio of power assets and digital infrastructure.

    Upcoming Conferences & Events

    • September 25–26, 2024: TMT M&A Forum USA 2024
    • September 25–26, 2024: infra/STRUCTURE 2024
    • September 26, 2024: ArcStone-Kingswood Growth Summit 2024

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure operator and Bitcoin miner with self-mining, hosting, managed services, and traditional data center operations across North America. Headquartered in Miami, Florida, Hut 8 Corp. has a portfolio comprising twenty sites: ten Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one newly announced site in the Texas Panhandle. For more information, visit http://www.hut8.com and follow us on X (formerly known as Twitter) at @Hut8Corp.

    Cautionary Note Regarding Forward-Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events or developments that Hut 8 expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the business, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely” or similar expressions. Specifically, such forward-looking information included in this press release includes statements relating to the Company’s belief that a thoughtfully structured AI compute business will be accretive both financially and strategically and drive topline growth, revenue diversification, and long-term value creation, its ambition to offer state-of-the-art GPU-as-a-service capabilities to its customers and its aim of maximizing returns on its portfolio of power assets and digital infrastructure.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, security and cybersecurity threats and hacks; malicious actors or botnet obtaining control of processing power on the Bitcoin network; further development and acceptance of the Bitcoin network; changes to Bitcoin mining difficulty; loss or destruction of private keys; increases in fees for recording transactions in the Blockchain; erroneous transactions; reliance on a limited number of key employees; reliance on third party mining pool service providers; regulatory changes; classification and tax changes; momentum pricing risk; fraud and failure related to digital asset exchanges; difficulty in obtaining banking services and financing; difficulty in obtaining insurance, permits and licenses; internet and power disruptions; geopolitical events; uncertainty in the development of cryptographic and algorithmic protocols; uncertainty about the acceptance or widespread use of digital assets; failure to anticipate technology innovations; the COVID19 pandemic, climate change; currency risk; lending risk and recovery of potential losses; litigation risk; business integration risk; changes in market demand; changes in network and infrastructure; system interruption; changes in leasing arrangements; failure to achieve intended benefits of power purchase agreements; potential for interrupted delivery, or suspension of the delivery, of energy to mining sites and other risks related to the digital asset mining and data center business. For a complete list of the factors that could affect Hut 8, please see the “Risk Factors” section of Hut 8’s Transition Report on Form 10-K, available under the Company’s EDGAR profile at http://www.sec.gov, and Hut 8’s other continuous disclosure documents which are available under the Company’s SEDAR+ profile at http://www.sedarplus.ca and EDGAR profile at http://www.sec.gov.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Media Relations
    media@hut8.com

    The MIL Network

  • MIL-OSI Europe: Montenegro’s digital transition starts at school

    Source: European Investment Bank

    Decades of urbanisation and funding shortages have placed a strain on Montenegro’s education system. Now, with funding from Team Europe, the country is investing in its education system to prepare students with the skills they need for the job market and the Western Balkan country’s bid to join Europe’s single market.

    The government’s new Montenegro education programme aims to transform the learning experience for generations of pupils and provide them with the skills required for innovation and growth.

    The funds will enable the reconstruction, digitalisation and equipping of 13 education facilities, including kindergartens, primary, vocational and secondary schools. The investments will create up to 1,700 new places for pupils and 530 full-time jobs for teachers, once the project is completed in 2027.

    “The education sector in Montenegro is in need of attention and faces many challenges,” says Yngve Engstrom, Head of Cooperation at the EU Delegation to Montenegro.

    “We hope that these investments will improve the conditions for Montenegrin students, teachers and other school personnel and that they will support the comprehensive reforms needed in the education sector,” he added.

    EU funds will also finance the construction of a new primary school in the capital city, Podgorica, that will use at least 20% less energy and water than comparable facilities and set a new energy efficiency standard for public buildings.

    MIL OSI Europe News

  • MIL-OSI Europe: Sudan Ministerial Meeting – United for Peace in Sudan

    Source: Switzerland – Department of Foreign Affairs in English

    New York, 25.09.2024 – Address by Federal Councillor Ignazio Cassis, Head of the Federal Department of Foreign Affairs (FDFA) – Check against delivery

    Excellencies,

    Ladies and Gentlemen

    The war in Sudan has deeply concerned Switzerland, especially given its devastating impact on the Sudanese people.

    Not long ago, Sudan stood as a model of political transition, shifting from military rule to a civilian-led government, offering hope for a peaceful future.

    But the war ended this transition, triggering the world’s worst humanitarian crisis. Millions have been forced to flee, with even more suffering from severe food insecurity. This devastation is human-made, not beyond control, and must end.

    We are here to reaffirm our commitment to addressing this crisis. Switzerland is committed to supporting efforts to promote peace in Sudan. In this spirit, we supported the Secretary-General’s Personal Envoy in holding proximity talks in Geneva last July and hosted a US-led ceasefire conference in August.

    Despite our best efforts, direct talks between the parties were not possible. However, we remain committed to not giving up.

    The United States, Saudi Arabia, the United Arab Emirates, the United Nations, the African Union and Switzerland formed the ALPS group to take forward the process launched in Jeddah.

    Excellencies

    We are gathered here under the Paris and ALPS group framework to speak with one voice and stand united for Sudan.

    I strongly believe that the international community can achieve more through better coordination, including through our Special Envoys. Allow me to take this opportunity to thank the Personal Envoy of the UN Secretary-General for his efforts.

    It is crucial that we keep pressing the warring parties to grant humanitarian access and protect aid workers. We must ensure that sufficient resources are available and that this lifesaving support reaches those in desperate need.

    But only an end to the fighting can pave the way for the peaceful and prosperous Sudan that the Sudanese people so clearly demand.

    The political solution for a peaceful Sudan must be Sudanese-owned and Sudanese-led. Switzerland supports these efforts and we appreciate the important role of the African Union in this regard.

    Finally, let us not forget that we are all signatories to the Geneva Conventions. Recently, we marked their 75th anniversary.

    As signatories, we are committed to upholding and ensuring respect for their principles. International Humanitarian Law protects the most vulnerable in times of war.

    Let us honor these obligations everywhere, including in Sudan.

    Thank you.


    Address for enquiries

    FDFA Communication
    Federal Palace West Wing
    CH-3003 Bern, Switzerland
    Tel. Press service: +41 58 460 55 55
    E-mail: kommunikation@eda.admin.ch
    Twitter: @SwissMFA


    Publisher

    Federal Department of Foreign Affairs
    https://www.eda.admin.ch/eda/en/home.html

    MIL OSI Europe News

  • MIL-OSI Europe: Highlights – Analysis: Proposed Directive on Transparency of Third-Country Interest Representation – Committee on the Internal Market and Consumer Protection

    Source: European Parliament

    Lobbying

    This analysis discusses specific issues regarding the proposal for a Directive on the transparency of third-country lobbying. It highlights complex questions in relation to civil society organisations and the need for uniform implementation and effective judicial protection. If designed and implemented well, the Directive could establish a transparent framework for foreign governments to engage in lobbying within the EU.

    This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the Committee on Internal Market and Consumer Protection (IMCO).

    MIL OSI Europe News

  • MIL-OSI Europe: Study – The Capital Markets Union – an extra feather to the EMU- Are Capital Markets Important for Monetary Policy? – 24-09-2024

    Source: European Parliament

    The first 10 years of the Capital Markets Union (CMU) have been marked by minimalistic progress. The unfinished nature of the CMU has direct relevance for the ECB by affecting financing conditions in Member States and eroding the risk-sharing ability of the EMU, imposing a higher burden on the ECB to act as “the only game in town”. It has even bigger implications for the long-term investment opportunities and economic performance of the EU. This calls for a renewed approach and narrative on the CMU to gather political support to move forward. This document was provided by the Economic Governance and EMU Scrutiny Unit at the request of the Committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 30 September 2024

    MIL OSI Europe News

  • MIL-OSI New Zealand: Haiti’s class sizes double as mental health crisis worsens among students – Save the Children

    Source: Save The Children

    PORT-AU-PRINCE, 26 September 2024 – Haiti’s ongoing violence is set to force thousands of children into overcrowded classrooms when schools reopen next week, with some classes expected to double to 80 students while hundreds of schools remain closed, Save the Children said.

    The Haitian government delayed the start of the academic year until 1 October due to the ongoing threat from armed groups, which has displaced about 600,000 people this year – or about 5% of the population. Over the past school year, more than 900 schools temporarily closed, affecting about 200,000 children’s access to education. Many of these schools will likely remain closed next week as they are being used as shelters for displaced families.

    In Haiti’s South Department, an influx of displaced families fleeing violence in Port-au-Prince has severely strained an already fragile education system. Save the Children’s local partners in Les Cayes report that internally displaced children will push class sizes to upwards of 80 students—more than double the recommended class size.

    Maria Rosette, a school director supported by Save the Children’s local partner ProDev, highlighted the challenges of providing quality education in such overcrowded conditions. 

    She also noted the psychological impact on displaced students, due to their distressing experiences. Parents and teachers have reported an increase in aggression, withdrawal, and emotional distress among students due to prolonged exposure to armed violence, hunger, and uncertainty. 

    “What the children should be receiving in terms of quality education they won’t get  because there are too many students. Children at the back of the class always tend to suffer the most; they get distracted easily. 

    “Also, one of the first things I noticed [towards the end of the last academic year] was the mental health and psychosocial support issues that need to be addressed among displaced students. Displaced children witnessed so much when they were in Port-au-Prince, they now suffer from stress and anguish. They are extremely aggressive; they fight and throw rocks at each other – the new arrivals and local children. Many children are not motivated at school. Still, hopefully, as time goes on, they will be more receptive to continuing their education and be able to address and cope with the issues they face.” 

    As schools begin to reopen, families still face significant challenges in sending their children back into classrooms. Ongoing violence and soaring inflation have impacted families’ ability to afford basic school supplies for their children. Also, some schools that have been used as shelters require extensive cleanup and repairs before they can fully resume educational activities. 

    For children living in areas with active fighting in Port-au-Prince, starting the new school year next week may not be possible, even if schools reopen. The journey to school in armed group-controlled areas poses significant risks, including being caught in the crossfire and the threat of recruitment into these groups.

    Chantal Sylvie Imbeault, Save the Children’s Country Director in Haiti, said: 

    “The crisis in Haiti is, above all, a children’s crisis. Hundreds of thousands of children have been displaced, robbed of their education, and deeply affected by the violence unfolding before their eyes. 

    “In Port-au-Prince, access to education is severely limited due to school closure in areas controlled by armed groups, attacks on schools, displacement, and widespread violence. Many children can’t safely get to school because of the violence surrounding their communities. This means they likely won’t be returning at all to school next week if armed groups continue to wreak havoc across the city.

    “A lack of education, overcrowded classrooms, and a growing mental health emergency is threatening to devastate an entire generation—a generation who has already lived through deadly earthquakes, hurricanes, and waves of relentless violence. For many children in Haiti, education is their only hope in an increasingly uncertain world. But that hope is slipping away.”

    Save the Children is providing cash assistance for displaced families in the metropolitan area of Port-au-Prince living in schools-turned-shelters to find more dignified housing solutions while helping to free up schools to resume educational activities. The child rights organisation is also working through local partners in Haiti’s West, Grand’Anse and South departments, including in Les Cayes, to provide access to quality education, and psychosocial support to students who need it, while calling for more funding to provide mental health support for children who have been exposed to violence.

    Save the Children is calling on the international community to support the government of Haiti in prioritising the reopening of schools while ensuring displaced families currently sheltering in classrooms can afford safe, alternative shelter, and teachers are paid on time.

    Save the Children has been working in Haiti since 1978 in both urban and rural communities. It provides cash assistance so families can meet their most urgent needs, delivers health and nutrition support, and supports children´s access to quality education.

    ENDS

    *******************************************************************************************************************

    For further enquiries please contact:

    Our media out of hours (BST) contact is media@savethechildren.org.uk / +44(0)7831 650409

    Please also check our Twitter account @Save_GlobalNews for news alerts, quotes, statements and location Vlogs.

    MIL OSI New Zealand News

  • MIL-OSI United Kingdom: Report by the Head of the OSCE Programme Office in Dushanbe: UK response, September 2024

    Source: United Kingdom – Executive Government & Departments

    Ambassador Neil Holland voices UK support for the OSCE Programme Office’s work in Tajikistan, especially on border security, gender equality, and human rights.

    Ambassador Kempel, welcome to the Permanent Council and thank you for your report. Your presence after a long vacancy in the role is very welcome. The OSCE field missions need leadership – as well as reliable resourcing – to operate effectively. We again urge participating States to break the endless impasse over budgets and ensure that all OSCE institutions – including the important Border Management Staff College – are adequately funded to effectively fulfil their mandates. 

    I would like to highlight several areas of the Programme Office’s work today that are particularly important to the UK.  

    Firstly, the Mission’s work to promote gender equality and support those affected by domestic violence through the Women’s Resource Centres. The importance the UK attaches to addressing domestic violence cannot be understated. These OSCE centres support vulnerable women and help them engage in crucial advocacy with local administrations to prevent Gender Based Violence.  

    Secondly, the crucial role the Programme Office plays in facilitating cross-border cooperation and security. Tajikistan has undertaken valuable work in the demarcation of 94% of its border with Kyrgyzstan, highlighting the value of diplomacy and peaceful dialogue. We commend these efforts and look forward to seeing further progress. The UK is also committed to working with Tajikistan, its neighbours and the OSCE to mitigate the challenges arising from Afghanistan.  

    Finally, I want to commend the mission’s efforts in the human dimension, notably its support to the Government of Tajikistan to promote the rehabilitation and reintegration of prisoners. I also welcome the Mission’s work with the Government of Tajikistan to embed human rights within government training courses. Issues remain: detention and prosecution of journalists and political opposition, including in but not limited to the Gorno Badakhshan autonomous region, is an issue of concern for the UK; and is undermining Tajikistan’s international reputation and prospects for investment. 

    Madam Chair, I would like to commend the Government of Tajikistan for their continued leadership on climate and water security, not least demonstrated by their water management event during the 31st OSCE Economic and Environmental Forum in Prague this month, as well as the Water Conference in Dushanbe in June. As climate change makes water access more competitive and harder to manage, cooperation and solutions become more vital.  

    From the environmental climate to the business one. For the Government of Tajikistan to make progress in its efforts towards driving economic development and improving the business climate, it must recognise the importance of offering a predictable business environment where business owners can generate profit. This will encourage quality foreign investment that can create clean growth and jobs for Tajik citizens. 

    To conclude, I would like to thank you again, Ambassador Kempel, for presenting your report today; and wish you all the best in your new role. 

    Thank you.

    Updates to this page

    Published 26 September 2024

    MIL OSI United Kingdom

  • MIL-OSI USA: Congresswoman Ramirez Statement on Passage of Continuing Resolution to Keep Government Open

    Source: United States House of Representatives – Representative Delia Ramirez – Illinois (3rd District)

    Washington, DC – Today, Congresswoman Delia C. Ramirez (IL-03) released the following statement:

    “During this Congress, just in two years, the House has considered at least six different Continuing Resolutions all because extreme Republicans have hijacked the government funding process to advance Trump’s Project 2025 agenda.

    Today, once again, my Democratic colleagues and I showed up to keep the government open and ensure families receive their services: government services for the people, funded by the people. But make no mistake, what we passed is only a temporary fix until December 20. The government is still not funded, and extreme Republicans have NO intention of funding it on former President Trump’s orders. The fringe of the Republican party will come back after the election and keep hijacking the appropriations process to push extreme, unpopular, vile policies: a national abortion ban, cuts to Social Security and Medicare, and the erosion of our democratic institutions. For the families in IL-03 and around our nation, I challenge my Republican colleagues to put the American people first, abandon Trump’s Project 2025 agenda, and come to the table to fund our government when session resumes.

    MIL OSI USA News

  • MIL-OSI Video: HHS Maternal Health Briefing | September 2024

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

    The Department of Health and Human Services (HHS) Office of Intergovernmental and External Affairs (IEA) host a briefing on Maternal Health policies and programs. Speakers included senior officials and subject matter experts from the Centers for Disease Control (CDC), the Health Resources and Services Administration (HRSA), the Substance Abuse and Mental Health Services Administration (SAMHSA), the National Institute of Health (NIH), the Office of the Assistant Secretary for Health (OASH), and Centers for Medicare and Medicaid Services (CMS), and others. For more information, contact the Office of Intergovernmental and External Affairs at partnerwithus@hhs.gov for more information.

    U.S. Department of Health and Human Services (HHS) | http://www.hhs.gov

    http://www.Twitter.com/HHSGov | http://www.Facebook.com/HHS http://www.Instagram.com/HHSGov
    http://www.LinkedIn.com/company/us-department-of-health-and-human-services

    HHS Privacy Policy: http://www.hhs.gov/Privacy.html

    https://www.youtube.com/watch?v=pf39Cz784Ho

    MIL OSI Video