NewzIntel.com

Category: Politics

  • MIL-OSI Economics: Lufthansa Group uses artificial intelligence to reduce food waste

    Source: Lufthansa Group

    With the “Tray Tracker,” the Lufthansa Group has developed an innovative, AI-supported solution to measure and reduce onboard meal returns. The mobile technology scans meal returns from the onboard catering of flights at the dishwashing line. Artificial intelligence recognizes whether a meal has been partially eaten, completely eaten, or left untouched. The flight route, travel class, and meal concept are also included in the analysis. The insights gained will enable optimized portion sizes and meal selection in the future. In addition, the “Tray Tracker” will contribute to reducing CO₂ emissions in the future, as avoiding overload reduces the total weight. At the same time, less food is transported, used, and disposed of.

    Lufthansa has been using the innovation at its Frankfurt site for almost a year. The AI has also recently started scanning trays in Munich. In the future, the Tray Tracker is also set to be used at other Lufthansa Group locations and airlines. The innovative mobile device was developed by the Lufthansa Group Digital Catering Analytics Team in cooperation with Lufthansa Group subsidiary zeroG.

    Another machine learning-based project by the Lufthansa Group to prevent food waste is called “Pendle.” Launched by the Lufthansa Innovation Hub in 2024, the initiative uses algorithms that analyze data points such as flight duration, flight route, and previous demand to optimize loading. Long-term, the aim is to link the two projects.

    More environmentally friendly onboard products
    The Lufthansa Group is pursuing various measures and projects to reduce food waste on board as much as possible and optimize loading. Passengers on Lufthansa, Austrian Airlines, and SWISS short- and medium-haul flights can pre-order their preferred meal and, with the “to go” offer, purchase all fresh products at a reduced price on the last flight of the day. Premium class passengers on intercontinental flights with the airlines mentioned above can select their main course before departure from the hubs. This measure also helps to reduce food waste caused by overloading. In addition, the focus is on switching from single-use plastic and aluminum to more sustainable alternatives. Since 2022, a third of these items have been replaced on board.

    MIL OSI Economics –

  • MIL-OSI Europe: Study – The European Parliament, Economic and Monetary Union, and the Maastricht Treaty – 28-04-2025

    Source: European Parliament 2

    Based on original archival research, interviews, media sources and wide ranging academic literature, this study focuses on the European Parliament’s leading and agenda-setting role in the process of European monetary integration. Important initiatives included the 1962 Van Campen Report on the coordination of monetary policies, the monetary chapter of the 1984 Spinelli Draft Treaty, the work of the intergroup on European Currency during the period 1984 to 1989, and the 1990 Herman Report to prepare the intergovernmental conference on economic and monetary union (EMU). The first part of the study discusses the long history of European monetary integration, from the Rome Treaties to the Delors Report. The second part analyses the role of the European Parliament in the intergovernmental conference and the adoption by the European Parliament of the Maastricht Treaty. The third part investigates the influence of the European Parliament on the EMU process. The European Parliament paid special attention to the democratic dimension of EMU, as well as to its social and regional cohesion and the issue of prudential supervision in a monetary union.

    MIL OSI Europe News –

  • MIL-Evening Report: Election Diary: Labor to slash more consultant costs and increase visa charges to pay for fresh election commitments

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

    The government has dug out last-minute savings of more than
    A$7 billion, to ensure its election commitments are more than offset in every year of the forward estimates.

    Its costings, released Monday, include savings of $6.4 billion from further reducing spending on consultants, contractors and labour hire, as well as non-wage expenses including travel, hospitality and property.

    The second saving is $760 million from increasing the visa application fee for primary student visa applicants to $2000 from July 1.

    Treasurer Jim Chalmers told a news conference Labor’s costings “show that we will more than offset our election campaign commitments in every year of the forward estimates”.

    “We will finish this election campaign with the budget in a stronger position than at the start of the election campaign”.

    “We have improved the budget position by more than $1 billion, comparing the pre-election outlook to the costings that we release today,” he said.

    With its costings out, Labor is piling the pressure onto the opposition to produce its numbers.

    “We call on the Coalition now to come clean on their cuts. We’ve made it very clear what our costs are and how we will pay for the commitments that we have made in this election campaign,” Chalmers said.

    The opposition “need to come clean on what their secret cuts for nuclear reactors means for Medicare, for pensions and payments, for skills and housing and other essential investments.

    “They have committed more than $60 billion in this election campaign and in their policy commitments, and that’s before we get to their $600 billion of nuclear reactors.”

    Chalmers said if the opposition costings did not include the cost of the nuclear reactors they “will not be worth the paper they are written on”.

    Shadow treasurer Angus Taylor said opposition costings, coming later this week, would project a stronger budget position than Labor’s. He also said if the Coalition was elected it would have an economic statement later this year.

    As the costings war ramps up, ratings agency S&P warned Australia’s AAA credit rating could be threatened if election promises resulted in larger structural deficits, and debt and interest expenses increased more than expected.

    Given deficits and international circumstances, “how the elected government funds its campaign pledges and rising spending will be crucial for maintaining the rating”, the agency said.

    Asked about the comments, Chalmers said: “I say to that particular agency, indeed, all of the ratings agencies, that in our time in office, we’ve engineered the biggest positive turnaround in a budget of any parliamentary term ever”. He pointed to the improvement in the budget numbers during the campaign to underline Labor’s credentials.

    The fresh impact of Labor’s promises on the bottom line has also been limited because most of them were already factored into the budget.

    After the savings and spends are netted out the deficit for 2025-26 is estimated to be $41.9 billion compared to the $42.2 billion in the pre-election economic and fiscal outlook.

    Chalmers says Dutton to build nuclear reactor in his own seat

    Jim Chalmers must carry off the prize for the most brazen “scare” of a campaign full of attempted scares.

    Chalmers picked up on Anthony Albanese’s question to Peter Dutton in Sunday’s debate, when the PM asked the opposition leader whether he’d be willing to have a nuclear power plant in his seat of Dickson. Dutton said he would.

    Chalmers’ message to voters in “that wonderful part of southeast Queensland” is: “your local member wants to build a nuclear reactor in your suburbs.”

    “[The Labor candidate,] Ali France, is not going to build a nuclear reactor in your local community but Peter Dutton wants to.

    “I would encourage you to think about that […] as you choose your local member,” Chalmers told his news conference.

    The treasurer kept a straight face while delivering this warning to Dickson voters.

    Dutton questions Welcome to Country ceremonies at Anzac Dawn services

    Peter Dutton has widened his criticism of the extent of Welcome to Country ceremonies by saying he does not believe they belong at Anzac Day dawn services.

    He said that listening to veterans, “I think the majority view would be that they don’t want it on that day”. But he said it was an individual decision up to the RSLs.

    Discussion of the Welcome to Country ceremonies has come to the fore after a group of neo-Nazis heckled the ceremony at the Shrine of Remembrance service on Friday. It also came up in Sunday’s debate between the leaders, when Dutton said the ceremonies should be reserved for significant occasions such as the opening of parliament.

    Questioned by reporters on Monday, Dutton said the acknowledgment to country given by Qantas when planes landed was “over the top”.

    “We are all equal Australians,” he said. “I believe we should stand behind one flag united to help Indigenous Australians deal with disparity around health outcomes, around education outcomes, around housing, around safety […] I want to provide support for practical reconciliation. The prime minister’s policy is to please inner city Greens, which is not something we signed up to.”

    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. Election Diary: Labor to slash more consultant costs and increase visa charges to pay for fresh election commitments – https://theconversation.com/election-diary-labor-to-slash-more-consultant-costs-and-increase-visa-charges-to-pay-for-fresh-election-commitments-255386

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Video: UK UK astronaut Tim Peake addresses Lords Space Committee

    Source: United Kingdom UK House of Lords (video statements)

    Watch live as Tim Peake, the first British astronaut to visit the International Space Station and complete a spacewalk, addresses peers in the House of Lords on Monday 28 April about the UK’s space policy.

    Find out more about the committee and this inquiry: https://committees.parliament.uk/committee/773/uk-engagement-with-space-committee

    Catch-up on House of Lords business:

    Watch live events: https://parliamentlive.tv/Lords
    Read the latest news: https://www.parliament.uk/lords/

    Stay up to date with the House of Lords on social media:

    • X: https://twitter.com/UKHouseofLords
    • Bluesky: https://bsky.app/profile/houseoflords.parliament.uk
    • Instagram: https://www.instagram.com/UKHouseofLords/
    • Facebook: https://www.facebook.com/UKHouseofLords
    • Flickr: https://flickr.com/photos/ukhouseoflords/albums
    • LinkedIn: https://www.linkedin.com/company/the-house-of-lords
    • Threads: https://www.threads.net/@UKHouseOfLords

    #HouseOfLords #UKParliament

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

    MIL OSI Video –

  • MIL-OSI United Kingdom: Reappointment of a Non-Judicial Member of the Sentencing Council

    Source: United Kingdom – Government Statements

    News story

    Reappointment of a Non-Judicial Member of the Sentencing Council

    The Lord Chancellor has approved the reappointment of Richard Wright KC as a non-judicial member of the Sentencing Council.

    The Lord Chancellor has approved the reappointment of Richard Wright KC as a non-judicial member of the Sentencing Council with special expertise in criminal defence.

    The reappointment is for 3 years from 1 August 2025 to 31 July 2028.   

    The Sentencing Council for England and Wales was set up in April 2010 to promote greater transparency and consistency in sentencing, while maintaining the independence of the judiciary.

    The primary role of the council is to issue guidelines on sentencing, which the courts must follow unless it is in the interests of justice not to do so. The council consists of judicial and non-judicial members with specialist knowledge of particular aspects of the criminal justice system.

    The appointment of non-judicial members of the Sentencing Council is regulated by the Commissioner for Public Appointments and recruitment processes comply with the Cabinet Office Governance Code on Public Appointments.

    Biography

    Richard Wright was called to the Bar in 1998 and took silk in 2013. He has practised from 6 Park Square in Leeds since, 1998, where he has been Head of Chambers since 2013.

    Specialising in murder and manslaughter cases, Richard has prosecuted and defended in some of the highest profile cases across the North of England.

    Since 2020 he has been Leader of the North Eastern Circuit; leading the professions’ response to the Covid-19 emergency and, in 2022, he was invited to join the legal team of the UK Covid-19 Inquiry.

    Richard Wright was appointed Deputy District Judge (Magistrates’ Courts) in 2006, Recorder of the Crown Court in 2012 and Deputy High Court Judge in January 2023. He has been a non-judicial member of the Sentencing Council since 1 August 2022 with experience of criminal defence.

    Updates to this page

    Published 28 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI Africa: APO Group joins forces with AFRICA24 Group, Africa’s leading TV and digital media company

    Source: Africa Press Organisation – English (2) – Report:

    APO Group joins forces with AFRICA24 Group, Africa’s leading TV and digital media company All text, images, video and audio content distributed by APO Group will be published on AFRICA24 Group’s website in English and French PARIS, France, April 28, 2025/APO Group/ — APO Group (www.APO-opa.com), the leading Pan-African communications consultancy and press release distribution service, today announced a content agreement with Africa’s leading TV and digital media company (www.Africa24TV.com). The partnership means that all text, images, video and audio content distributed by APO Group will be published on AFRICA24’s website in English and French. Watch the video: https://apo-opa.co/42w8uFD Launched in 2009 by its founder Constant Nemale, a reference in the media and communications industry, the AFRICA24 Group is the world leader in news and television on Africa, with a global daily audience of more than 80 million households on the continent and in the global African diaspora.  The AFRICA24 Group is the only media conglomerate focused on Africa, with 4 high-audience television & digital channels available on leading operators: – AFRICA24 TV: (French), world leader in Francophone African news – AFRICA24 English: the reference for news in English – AFRICA24 Sport: leader in African sports news and competitions – AFRICA24 infinity: leader in creative industries, culture, music and art The AFRICA24 Group is regularly ranked in the Top 5 of television channels most watched by African policy makers, business executives and leaders – providing leadership alongside channels such as CNN, BBC World News and Al Jazeera. Available worldwide on all the major operators: Canal+, Orange, SFR, Bouygues, Bell, etc. AFRICA24 has been the most watched French-speaking African channel for over 15 years without interruption. The AFRICA24 Group has innovated on the digital front with the launch of the myafrica24 application, the first and only HD streaming platform on Africa available on all digital media (smartphone, tablet, computer, SmartTV). A leader in digital, the AFRICA24 Group has a substantial online audience with 1 million subscribers on Facebook, 1 million subscribers on X (Twitter), and 802,000 on YouTube. The AFRICA24 Group has the largest online catalogue on Africa with its replay offer accessible on the www.Africa24TV.com website, which has become a key vector, accounting for hundreds of thousands of monthly visitors. For several years now, Africa’s leading institutions have chosen the AFRICA24 Group as their partner of reference:

    • African Union: In 2019, the continent’s leading institution signs an MOU that will make AFRICA24 Group the one and only official media partner of the prestigious African Union. The two organisations have joined forces to produce and broadcast content aimed at promoting Africa’s image and its development narrative. The AFRICA24 group launched in 2022, with huge success the weekly magazine ‘African Union Journal’ the first and only exclusive weekly television programme providing news, features, interviews and analysis and on the activities of the African Union organisation and its member states.
    • AfCFTA: In 2024, the AFRICA24 Group was chosen by AfCFTA, the African Union body responsible for promoting the Free Trade Area, to promote African economic integration through high-impact initiatives. The AFRICA24 Group thus becomes the one and only flagship media chosen to promote a single common market of 1.5 million inhabitants and Africa’s economic prosperity.

    The AFRICA24 Group is also the official media partner of many leading institutions and companies such as Afreximbank, UBA, the African Development Bank (AfDB), the United Nations for Africa (UNECA), the World Bank, the Annual Meetings of the International Monetary Fund (IMF), the Organisation mondiale de la Francophonie (OIF), the Attijariwafa Bank Group, the OCP Group, etc. The partnership with APO Group gives AFRICA24 Group access to authoritative content from all over Africa, from more than 300 multinational companies operating in Africa, as well as major international institutions, sports organisations and African governments, which will be published on www.Africa24TV.com. APO Group is thus completing a cycle of partnerships with leading African and international media that enable it to constantly improve the reach of its press release distribution service. These partnerships are mutually beneficial. Through a significant increase in the impact and visibility of content for APO Group’s clients, but also through access for media such as those of AFRICA24 Group to a qualitative flow of information from the largest organisations operating in Africa. Content distributed by APO Group is automatically published on more than 320 African news sites and on international platforms such as Bloomberg Terminal, Thomson Reuters Eikon, Lexis Nexis and Factiva. AFRICA24 Group and APO Group share a common vision of Africa. APO Group worked closely with the African Union, providing pro bono support to the African Union Commission through a full range of strategic communications services for the duration of the Dubai World Expo. “APO Group is the undisputed leader in high-quality news and certified content from organisations operating in Africa,’ said Constant Nemale, founder and chairman of AFRICA24 Group. ‘We are delighted to be able to strengthen our online presence by publishing some of the most important and relevant information about Africa.” “APO Group is always committed to offering its customers direct access to the heart of Africa and beyond,’ said Nicolas Pompigne-Mognard (www.Pompigne-Mognard.com), founder and chairman of APO Group. ‘The AFRICA24 Group has the most dominant African television channels in their segment. The AFRICA24 Group enjoys the confidence of Africa’s political decision-makers and business leaders, as well as Africa’s international partners. We share the same vision of changing the narrative about Africa and bringing positive African news to new audiences around the world.” This is a joint press release by APO Group and AFRICA24 media group. Distributed by APO Group on behalf of APO Group. Media contact: APO Group marie@apo-opa.com AFRICA24 infos@africa24tv.com Follow on: Facebook: https://apo-opa.co/4lGn4BU Twitter: https://apo-opa.co/44cDpIh YouTube: https://apo-opa.co/3GuCQzR About APO Group: Founded in 2007, APO Group (www.APO-opa.com) is the leading pan-African communications consultancy and press release distribution service. We assist private and public organizations in sharpening their reputation and increasing their brand equity in target countries across Africa. Our role as a trusted partner is to leverage the power of media and build bespoke strategies that enable organisations to produce a real, measurable impact in Africa and beyond. The trust and recognition granted to APO Group by global and multinational companies, governments, and NGOs inspires us to continuously enhance our value proposition within Africa to better cater to our clients’ needs. Among our prestigious clients: Facebook, Dangote Group, Nestle, GE, NBA, Canon, Coca-Cola, DHL, Marriott Group, Ecobank, Siemens, Standard Chartered, Orange, Jack Ma Foundation, African Development Bank, World Health Organization, Islamic Development Bank, Liquid Telecom, Rotary International, Kaspersky, Greenpeace… Headquarters: Lausanne, Switzerland | Offices in Senegal, Dubai and Hong Kong For further information, please visit our website: https://www.APO-opa.com About AFRICA24: AFRICA24 is the first African-owned global news channel and was launched in 2009. The network is devoted to news about Africa, and broadcasts 24-hours-a-day, 7-days-a-week to audiences in Africa, North America, the Middle East and Europe. AFRICA24 embodies the leading continental media which endows Africa its own tribune in the international media scene. Since its launch in 2009, AFRICA24 has been the reference for African news. AFRICA24 is the reference media partner of the Continent’s institutions and major events such United Nations, African Union, US Africa Business Summit… AFRICA24 is the reference media for all leaders across the world to address Africa related topics. AFRICA24 group will launched new channel, full HD, 24/24,  starting in 2022 : AFRICA24 English, AFRICA24 infinity (Music, fashion, Culture…) and AFRICA24 Sport. Headquarters: Dubaï, UAE | Offices in Morocco, Senegal, Ivory Coast and Cameroon. Find out more by visiting www.Africa24TV.com.

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    MIL OSI Africa –

  • MIL-OSI United Kingdom: Message to school and college leaders

    Source: United Kingdom – Government Statements

    Correspondence

    Message to school and college leaders

    A message to school and college leaders written by Sir Ian Bauckham, Ofqual’s Chief Regulator.

    Applies to England

    Documents

    Message to school and college leaders

    Ref: Ofqual/25/7223

    HTML

    Details

    A message to school and college leaders detailing important information and resources available for summer exams and assessments.

    Updates to this page

    Published 28 April 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Millions of people and businesses protected against debanking

    Source: United Kingdom – Government Statements

    Press release

    Millions of people and businesses protected against debanking

    Protections will support small businesses to grow, putting more money into people’s pockets through the Plan for Change.

    • New rules will require banks to give customers 90 days’ notice before closing accounts and provide a clear explanation. 

    • Changes will prevent banks closing accounts without a clear reason, while giving people and businesses the time and information needed to challenge decisions.

    Millions of people and small business owners will be better protected against their bank account being closed, as the government goes further and faster to drive growth and delivers security for working people through the Plan for Change.  

    Banks and other payment service providers will be required to give customers at least 90 days’ notice before closing their account or terminating a payment service – an increase from the two months currently required – under new rules expected to come into force for relevant new contracts from April 2026.   

    Banks will also need to provide a clear explanation to customers in writing, so people can challenge decisions, such as through the Financial Ombudsman Service. 

    The new rules will give customers more time to challenge decisions they disagree with and find a new bank if their account is closed. This will support small businesses which have complained about their account being closed without reason at short notice – leaving them no time to complain or find a replacement bank.

    Economic Secretary to the Treasury, Emma Reynolds, said:

    Delivering economic security for working people is at the heart of our Plan for Change and strengthening protections against debanking will protect people’s and businesses’ access to banking services.   

    Under the new rules, customers will receive more notice of account closures, be entitled to an explanation as to why their account has been closed and have more opportunity to challenge such decisions.

    The nine largest personal current account providers in the UK are already legally required to offer basic personal bank accounts to people who legally reside in the UK who do not have or are not eligible for an account. The new rules will help to ensure continued access to basic banking services for the most vulnerable. 

    The legislation will support existing protections, including those which prohibit a bank from discriminating against a UK consumer based on political opinions or beliefs when accessing a payment account.  

    By ensuring a more predictable access to banking and other payment services, the government is reinforcing its commitment to the millions of individuals and businesses across the UK who rely on these vital services.

    More information

    The new legislation being brought forward subject to Parliamentary approval would apply to all payment service providers who decide to terminate payment service contracts without a definite expiry date, including bank account closures. They will apply to contracts agreed from and including 28th April 2026, when the legislation is expected to come into force.  

    The measures will be subject to certain exceptions, for example, to enable payment service providers to comply with their obligations under financial crime law.

    The new rules will also apply to the termination of basic personal bank accounts from and including 28th April 2026.

    Updates to this page

    Published 28 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Buckinghamshire events director sentenced for Covid fraud

    Source: United Kingdom – Government Statements

    Press release

    Buckinghamshire events director sentenced for Covid fraud

    Bounce Back Loan fraudster convicted following Insolvency Service investigations

    • William Blenkarn claimed he did not know he was not entitled to a second Bounce Back Loan for MJB Events Limited 

    • Blenkarn obtained double the amount of Covid support his company was entitled to as a result of his fraudulent declaration  

    • Money from the loan was then transferred to a new company Blenkarn had set up just weeks into the pandemic

    The owner of two Buckinghamshire-based events companies has been handed a suspended sentence after receiving £100,000 in Covid support funds when he was only entitled to half that figure. 

    William Blenkarn secured two Bounce Back Loans worth £50,000 each for his MJB Events Limited company, breaking the rules of the scheme which specifically stated that businesses could only have a single loan. 

    The 48-year-old then transferred £41,000 from the company’s bank account to his second business – MJB Entertainment Group Ltd – which had only been set up weeks before his fraudulent application. 

    Blenkarn, formerly of London End, Beaconsfield, but now living in Spain, was sentenced to two years in prison, suspended for 18 months, at Aylesbury Crown Court on Thursday 24 April. 

    He was also ordered to complete 200 hours of unpaid work. 

    David Snasdell, Chief Investigator at the Insolvency Service, said:

    William Blenkarn’s company received double the amount of public money it deserved due to his false declaration when applying for a second Bounce Back Loan. 

    This was taxpayers’ money and Blenkarn made matters worse by moving a significant proportion of the loan over to his new company which had only been trading for a few months.

    MJB Events was incorporated in January 2016 and was described as an events company. MJB Entertainment Group was set up in early April 2020. 

    Blenkarn told the Insolvency Service that MJB Entertainment Group was created to manage and book artists but developed into organising a range of charity events. 

    The company also described itself as providing additional services such as marquee design and wedding planning. 

    Blenkarn applied to two different banks for £50,000 Bounce Back Loans – the maximum allowed under the scheme – on behalf of MJB Events in May 2020. 

    For his second application, Blenkarn ticked the online declaration to certify that this was the only application made on behalf of the business. 

    Despite this, Blenkarn claimed he did not know that he could only apply for one loan for each company. 

    Two payments of £25,000 and £16,000 were then made to MJB Entertainment Group from the bank account belonging to MJB Events in July 2020. 

    These transactions left the MJB Events account overdrawn by around £25,000 at the time liquidators were appointed in June 2021, depriving creditors of the funds. 

    Blenkarn also breached his duties as a director by failing to deliver accounting records for MJB Events to the liquidator as he was required to do by law. 

    The Insolvency Service is seeking to recover the fraudulently obtained funds under the Proceeds of Crime Act 2002.

    Further information

    Updates to this page

    Published 28 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI Europe: Euro area economic and financial developments by institutional sector: fourth quarter of 2024

    Source: European Central Bank

    28 April 2025

    • Euro area net saving was broadly unchanged at €838 billion in 2024, compared with four quarter period ending on third quarter of 2024
    • Household debt-to-income ratio decreased to 82.1% in 2024 from 85.0% one year earlier
    • Non-financial corporations’ debt-to-GDP ratio (consolidated measure) decreased to 67.2% in 2024 from 68.7% one year earlier

    Total euro area economy

    Euro area net saving was broadly unchanged at €838 billion (6.9% of euro area net disposable income) in 2024 compared with the four quarter period ending on the third quarter of 2024. Euro area net non-financial investment decreased to €434 billion (3.6% of net disposable income), due to decreased investment by households and non-financial corporations which more than offset increased net investments by financial corporations and general government (see Chart 1).

    Euro area net lending to the rest of the world was broadly unchanged at €431 billion reflecting the broadly unchanged net saving and the decrease in net non-financial investment being broadly matched by a decrease in net capital transfers. Net lending of non-financial corporations decreased to €173 billion (1.4% of net disposable income) from €202 billion while that of financial corporations was unchanged at €147 (1.2% of net disposable income). Net lending by households increased to €579 billion (4.8% of net disposable income) from €574 billion. Net borrowing by general government decreased, contributing less negatively to euro area net lending (-€469 billion or ‑3.9% of net disposable income, after -€489 billion).

    Chart 1

    Euro area saving, investment and net lending to the rest of the world

    (EUR billions, four-quarter sums)

    Sources: ECB and Eurostat.

    * Net saving minus net capital transfers to the rest of the world (equals change in net worth due to transactions).

    Data for euro area saving, investment and net lending to the rest of the world (Chart 1)

    Financial transactions can be presented with a counterpart sector breakdown for deposits, loans, debt securities, listed shares and investment fund shares (see Table 1). In 2024 the largest aggregated transactions in these financial instruments were interbank operations as other MFIs[1] reduced deposits with the Eurosystem (-€556 billion) while increasing investments with the rest of the world (€513 billion). Financial investment of households involved to a large extent transactions vis-à-vis other MFIs (€361 billion), mostly in the form of deposits, as well as net purchases of investment fund shares (€150 billion). Non-financial corporations’ largest financing component was from within the NFC sector (€117 billion), mostly in the form of loans and often reflecting intra-group transactions, while financing from other MFIs amounted to €102 billion. The financing of general government from the rest of the world, mostly in the form of debt securities, increased (€404 billion).

    Table 1

    Selected financial transactions* between sectors and with the rest of the world

    (EUR billions, four-quarter sums, 2024)

    Source: ECB.

    * Financial instruments for which the counterpart sector breakdown is available: deposits, loans, debt securities, listed shares and investment fund shares/units.

    Households

    Household financial investment increased at a broadly unchanged rate of 2.4% in the fourth quarter of 2024. Among its components, investment in currency and deposits (2.9%, after 2.5%) and investment in shares and other equity (1.9%, after 0.7%) grew at higher rates – the latter due to investment fund shares – while investment in debt securities increased at a lower rate (7.7%, after 16.4%).

    Households continued to purchase, in net terms, mainly debt securities issued by general government, MFIs, other financial institutions and the rest of the world (i.e. debt securities issued by non-euro area residents). Households were overall net buyers of listed shares, buying listed shares issued by non-financial corporations and the rest of the world, while selling predominantly listed shares of MFIs. Households increased their purchases of euro area investment fund shares, including those issued by MFIs (money market funds) and by non-money market investment funds, and continued to purchase investment fund shares issued by the rest of the world (see Table 2 below and Table 2.2. in the Annex).

    Table 2

    Financial investment and financing of households, main items

    (annual growth rates)

    Financial transactions

    2023 Q4

    2024 Q1

    2024 Q2

    2024 Q3

    2024 Q4

    Financial investment*

    1.9

    1.9

    2.2

    2.3

    2.4

    Currency and deposits

    0.7

    1.5

    2.3

    2.5

    2.9

    Debt securities

    55.2

    39.7

    28.9

    16.4

    7.7

    Shares and other equity**

    0.1

    0.0

    0.2

    0.7

    1.9

    Life insurance

    -0.5

    -0.0

    0.3

    1.0

    1.2

    Pension schemes

    2.0

    2.1

    2.1

    2.2

    2.2

    Financing***

    0.8

    0.9

    1.2

    1.4

    1.8

    Loans

    0.5

    0.5

    0.5

    0.9

    1.3

    Source: ECB.

    * Items not shown include: loans granted, prepayments of insurance premiums and reserves for outstanding claims and other accounts receivable.

    ** Includes investment fund shares.

    *** Items not shown include: financial derivatives’ net liabilities, pension schemes and other accounts payable.

    Data for financial investment and financing of households (Table 2)

    Chart 2 below shows the stock of selected financial assets held by households (in dark blue) vis-à-vis counterpart sectors, at the end of 2024, and with holdings of investment fund shares/units (14% of households’ financial assets) broken down by underlying asset and counterpart sector.[2] Households’ financial assets were mostly issued by financial intermediaries such as MFIs (42% of households’ financial assets), insurance corporations (23%), pension funds (12%) and the rest of the world (11%). Holdings of financial assets vis-à-vis non-financial corporations (8%), government (3%) and other financial institutions (2%), mainly in the form of listed shares and debt securities, represented much lower proportions of households’ financial assets.

    Chart 2

    Households’ financial assets by counterpart sector; selected financial instruments*

    Source: ECB.

    Notes: Discrepancies between totals and their components may arise from rounding.

    This chart refers to financial instruments for which the counterpart sector breakdown is available: deposits, loans, debt securities, listed shares and investment fund shares/units. In addition, the counterpart sector breakdown for insurance, pension and standardised guarantee schemes (F.6) is an estimate. (See the methodological note on the ECB’s website: Extension of the who-to-whom presentation to insurance and pension assets).

    The household debt-to-income ratio[3] decreased to 82.1% in the fourth quarter of 2024 from 85.0% in the fourth quarter of 2023. The household debt-to-GDP ratio declined to 51.5% in the fourth quarter of 2024 from 52.8% in the fourth quarter of 2023 (see Chart 3).

    Chart 3

    Debt ratios of households and non-financial corporations

    (percentages of GDP)

    Source: ECB and Eurostat.

    * Outstanding amount of loans, debt securities, trade credits and pension scheme liabilities.
    ** Outstanding amount of loans and debt securities, excluding debt positions between non-financial corporations.
    *** Outstanding amount of loan liabilities.

    Data for debt ratios of households and non-financial corporations (Chart 3)

    Non-financial corporations

    Financing of NFCs increased at a broadly unchanged annual rate of 0.9% in the fourth quarter of 2024, compared to the previous quarter. Net issuance of debt securities grew at a lower rate (1.4% after 2.3%) while financing via trade credits increased at a higher rate (3.9% after 2.8%). Financing via shares and other equity (0.4 after 0.6%) and loans (1.2% after 1.4%) increased at lower rates. Loans granted to NFCs by MFIs increased at a broadly unchanged rate (1.6%), and loans granted by other NFCs grew at an unchanged rate (2.4%). Loans granted by other financial institutions declined at a more negative rate (‑3.5% after -0.6%) mostly due to captive financial institutions (see Table 3 below and Table 3.2 in the Annex).

    Non-financial corporations’ debt-to-GDP ratio (consolidated measure) decreased to 67.2% in the fourth quarter of 2024, from 68.7% in the fourth quarter of 2023; the non-consolidated, wider debt measure decreased to 138.8% from 140.6% (see Chart 3).

    Table 3

    Financing and financial investment of non-financial corporations, main items

    (annual growth rates)

    Financial transactions

    2023 Q4

    2024 Q1

    2024 Q2

    2024 Q3

    2024 Q4

    Financing*

    0.8

    0.9

    1.0

    1.0

    0.9

    Debt securities

    1.3

    1.9

    2.9

    2.3

    1.4

    Loans

    1.6

    1.5

    1.3

    1.4

    1.2

    Shares and other equity

    0.3

    0.4

    0.7

    0.6

    0.4

    Trade credits and advances

    1.2

    1.5

    2.5

    2.8

    3.9

    Financial investment**

    1.6

    1.8

    2.0

    2.1

    1.8

    Currency and deposits

    -1.3

    0.2

    2.7

    1.7

    2.4

    Debt securities

    19.9

    8.5

    5.8

    1.7

    -0.1

    Loans

    4.1

    3.8

    3.7

    3.3

    2.6

    Shares and other equity

    0.9

    1.2

    1.0

    1.3

    0.9

    Source: ECB.

    * Items not shown include: pension schemes, other accounts payable, financial derivatives’ net liabilities and deposits.

    ** Items not shown include: other accounts receivable and prepayments of insurance premiums and reserves for outstanding claims.

    Data for financing and financial investment of non-financial corporations (Table 3)

    Chart 4 below shows the main components of the non-financial corporations’ debt (in dark blue) vis-à-vis counterpart sectors. At the end of 2024, the non-financial corporations’ debt in the form of loans and debt securities was held primarily by non-financial corporations (36%), MFIs (33%), other financial institutions (11%), and the rest of the world (11%).

    Chart 4

    The main components of NFC debt (loans and debt securities) by counterpart sector

    (2024 end of period stocks)

    Source: ECB.

    Discrepancies between totals and their components may arise from rounding.

    For queries, please use the statistical information request form.

    Notes

    • These data come from a second release of quarterly euro area sector accounts for the fourth quarter of 2024 by the European Central Bank (ECB) and Eurostat, the statistical office of the European Union. This release incorporates revisions and completed data for all sectors compared with the first quarterly release on “Euro area households and non-financial corporations” of 4 April 2025.
    • The euro area and national financial accounts data of non-financial corporations and households are available in an interactive dashboard.
    • The debt-to-GDP (or debt-to-income) ratios are calculated as the outstanding amount of debt in the reference quarter divided by the sum of GDP (or income) in the four quarters to the reference quarter. The ratio of non-financial transactions (e.g. savings) as a percentage of income or GDP is calculated as sum of the four quarters to the reference quarter for both numerator and denominator.
    • The annual growth rate of non-financial transactions and of outstanding assets and liabilities (stocks) is calculated as the percentage change between the value for a given quarter and that value recorded four quarters earlier. The annual growth rates used for financial transactions refer to the total value of transactions during the year in relation to the outstanding stock a year before.
    • Hyperlinks in the main body of the statistical release 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.
    • The ECB publishes experimental Distributional Wealth Accounts (DWA) for the household sector. The release of results for the fourth quarter of 2024 is planned for 30 May 2025 (tentative date).

    MIL OSI Europe News –

  • MIL-OSI: Dubai’s Web 3.0 Momentum Accelerates as Global Stakeholders Gather for Unchained Summit

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, April 28, 2025 (GLOBE NEWSWIRE) — In the middle of the Gulf, something very deep is unfolding. Web 3.0 & Blockchain is no longer a buzzword; it’s a building block. And in Dubai, the future of Web 3.0 isn’t just coming; it’s being designed at pace. As crypto regulations come of age, institutional money pouring in, and industry giants establishing regional HQs, Dubai is quickly becoming the hub of the decentralized revolution.

    As the city gears up to host the much-awaited Unchained Summit at the Kempinski Central Avenue on 28th and 29th April, a tide of excitement is rolling over the region’s Web 3.0, Blockchain, and Digital Assets industries.

    The summit, hosted by Aeternum, promises more than an average Web 3.0 conference. It’s a high-conviction meeting of founders, investors, policy shapers, and enterprise leaders driving the frontiers of how decentralized infrastructure will transform identity, finance, and trust in the digital world.

    Dubai’s Web 3.0 momentum is no longer a whisper, it’s a global signal. As the world tilts toward decentralized infrastructure, Dubai has emerged as the nexus where policy, capital, and innovation come together. With government-backed regulatory clarity, enterprise-grade adoption, and a thriving ecosystem of startups and investors, the emirate is fast becoming the capital of the decentralized ecosystem. Unchained Summit is more than a symptom of this energy; it’s the driving force. The Dubai edition brings global architects of Web 3.0 together in one place, making Dubai a living laboratory for what the internet of value, trust, and autonomy really is.

    From builders to billionaires, Unchained Summit’s lineup of speakers include:

    • Ronghui Gu, Co-Founder, Certik
    • Ella Zhang, Head, YZi Labs
    • Kostas Chalkias, Co-Founder and Chief Cryptographer, Mysten Labs
    • Sreeram Kannan, Founder & CEO, EigenLayer
    • May Zabaneh, VP of Product – Blockchain, Crypto & Digital Currencies, PayPal
    • Greg Scanlon, VP Quantitative Blockchain, Franklin Templeton Digital Assets, Franklin Templeton
    • Keone Hon, Co-Founder, Monad Foundation
    • Lennix Lai, Global Chief Commercial Officer, OKX
    • Nils Andersen-Röed, Global Head of FIU, Binance, and more.

    “Web 3.0 is a collective movement, and Unchained Summit is where the next wave of builders and thinkers come together. We’re here to drive the conversation. Web 3.0’s growth hinges on infrastructure that can scale — it’s about throughput, cost-efficiency, and long-term sustainability. We’re proud to be at Unchained Summit, pushing the notion on sustainable blockchain designs,” said Abhijit Shukla, Founder of TAN Blockchain.

    Richard Ma, CEO & Founder of Quantstamp said, “I’m honored to be speaking at Unchained Summit, a premier event bringing together visionary leaders and innovators in the Web 3.0 ecosystem. At Quantstamp, we’re dedicated to securing the future of blockchain, and I look forward to sharing insights on advancing security, trust, and resilience within this rapidly evolving industry.”

    “Markets are moving on-chain—not just assets, but access, distribution, and users. We’re excited to be at Unchained Summit talking about what it takes to put real-world assets in the hands of real people,” said José F. Pereira, Executive Director, Own.

    “Web 3.0 moves fast—and the ones who show up shape where it goes. Unchained Summit brings together the doers, not just the talkers. At TBV, we’re here to back the founders turning big ideas into real traction,” said Tobias Bauer, General Partner, TBV.

    “Dubai is no longer just participating in Web 3.0, but it’s directing traffic,” says Sharath Kumar, Founder & CEO of Aeternum and organizer of Unchained Summit. “This is the one of the first real moments where we’re seeing decentralized technologies collide with institutional capital, national policy, and entrepreneurial energy—all in one city.”

    Unchained Summit’s official sponsors include:

    With increasing interest in industries ranging from AI-driven gaming to tokenized assets, Unchained Summit indicates a wider industry transition: Web 3.0 is increasingly finding its way into mainstream enterprise planning. And as a result of this, after its Dubai edition, Unchained Summit is set to make its India debut on 5th and 6th December 2025, reaffirming its commitment to bridge APAC, Middle Eastern, and European Web 3.0 & Crypto ecosystems.

    As the Dubai chapter draws to a close, one thing is certain: the decentralized future is no longer a distant prospect; it is happening already.

    Tickets for the Dubai edition are on sale on the official site: unchainedsummit.com

    About Aeternum Consulting Ltd:

    Aeternum organizes business-to-business events in the emerging tech space, provides strategic consulting, and tailored services to a diverse range of clients, from corporations to governments and startups to individuals. Aeternum specializes in crafting impactful B2B platforms that foster meaningful connections, drive business growth, and facilitate knowledge sharing through conferences, exhibitions, and bespoke networking opportunities.

    For more information visit: aeternuminc.com

    The MIL Network –

  • MIL-OSI Economics: Building a robust ecosystem for Green and Sustainable Finance in India – Valedictory address delivered by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India – April 17, 2025 – at Credit Summit 2025 organised by the Bharat Climate Forum at New Delhi

    Source: Reserve Bank of India

    Distinguished guests, participants, ladies and gentlemen, Good afternoon

    At the outset, let me thank the organisers for inviting me and giving me an opportunity to deliver the valedictory address and share some of my thoughts on a subject which continues to engage national as well as global attention. I believe there would have been fruitful deliberations on the topics of green and sustainable finance and the role of financial institutions, opportunities and challenges, aligning of regulatory and policy worlds, facilitating global financing, and integration of climate change aspects in credit risks of the financial institutions. Each of these topics require detailed deliberations and collectively they form the building blocks for creation of a robust ecosystem for green and sustainable finance for the economy and financial system at large.

    2. The critical enablers to attract green and sustainable investments that need to be put in place for financial ecosystem has been and continues to be a subject of deliberations at various fora be it G20 Sustainable Finance Working Group, the international standard setting bodies such as the Basel Committee on Banking Supervision, the International Sustainability Standards Board as well as the Financial Stability Board, and the Network for Greening the Financial System. These enablers range from adoption of a national green/ climate finance taxonomy, globally aligned disclosure standards for climate related financial risks, and robust assurance and verification process. Green and sustainable finance being a niche area, requires us to be mindful of greenwashing risks. Moreover, there are certain inherent risks and conditions that need to be met from the risk-reward perspective in green and sustainable lending/ investment decisions. Let me delve a bit into these aspects and try to build a narrative on how we can collectively build and develop a robust ecosystem for green and sustainable finance in India.

    The Green and Sustainable Finance Taxonomy

    3. When we talk of green and sustainable finance, the primary consideration is understanding as to what defines it. A national level taxonomy is crucial as it serves as the first building block that aligns the entire ecosystem, be it the government, regulators, other policy makers, financial institutions and borrowers/investors. This is under development in India. You are aware that an announcement to this effect was made by the Hon’ble Finance Minister in the Budget Speech for 2024-25. Meanwhile, we at Reserve Bank of India have till this juncture used the Sovereign Green Bonds (SGrB) framework for mapping of the green and sustainable sectors. This was also used when we issued a Framework on acceptance of Green Deposits in April 2023, which aligns with the SGrB framework towards identification of the green sectors. Thus, as a robust ecosystem enabler, the first building block would be a national level taxonomy for identification of the sectors and alignment of various regulatory dispensations along this taxonomy.

    Consistent and harmonised Regulatory approach

    4. The second building block would be a consistent and harmonised regulatory approach towards assessment of climate change risks and fostering of related financing. The climate change risks, and the related issues are sector agnostic, with significant inter-dependencies. To ensure that the net zero target announced by the Hon’ble PM at COP26 in 2021 is achieved by 2070, it would require players in the economy and financial system to fine-tune their respective actions/ measures, so that as a country, we can achieve this target. It would also require a consistent and harmonised approach among the concerned regulators and authorities.

    Assurance and Verification Function

    5. The next building block would be the development of robust assurance and verification functions. Assessment of climate related financial risks, green and sustainable finance are context specific, with need for a clear and objective demonstration of end use of funds. Transparency and related checks and balances that provide assurance on end use of the funds related to green and sustainable finance is extremely important. Given the technical expertise needed for assurance on climate related aspects, as well as adherence to benchmark assurance standards, there is a need to ensure credibility of this assurance and verification process. This would mean defining the requirement of consistent standards detailing expertise and skills that any assurer or verifier must possess to provide these services. A consistent approach across the financial system on the processes would provide confidence to the investors, which would then operate as a key enabler for increased flow of credit to the relevant sectors while addressing concerns around risks of greenwashing.

    Transparency and Disclosures

    6. The fourth aspect is the need for transparency in climate related disclosures. This is essential for financial institutions to assess and manage climate related financial risks, ensure transparency, and support long-term financial stability. It also underscores the need for coherence among various sectors on disclosure aspects. To give an example, if a financial institution is to make any lending or investment decision or assess its portfolio risks, or is mandated to make climate related financial disclosures, then it must depend on the borrowers to provide the requisite information. This means not just putting in place an enabling mechanism for both the lender and the borrower but also having consistency across the financial system for seamless flow of data and information. The Reserve Bank of India had published a draft “Disclosure framework on Climate-related Financial Risks”, in February 2024 for public consultation. The draft guidelines require Regulated Entities to make qualitative and quantitative disclosures with respect to climate related financial risks based on four broad areas, viz., (i) governance (ii) strategy (iii) risk management and (iv) metrics and targets. We have received comprehensive feedback on the framework basis which the guidelines are being finalised.

    Complexities of climate change modelling and data considerations

    7. Another area where consistency and harmonisation are required is compilation of data. For purpose of climate related financial risk, assessment and related facets of green and sustainable finance, be it transition or adaptation finance, data is very crucial. One of the limitations for climate risk assessment at this juncture is the need for technical expertise coupled with unique data requirements. Climate related data, understanding nuances of the climate patterns and the impact on account of climate change, is a highly technical and skilled job. Climate scientists across the world use super computers to study climate and weather patterns and its related aspects. It involves complex modelling and is resource intensive. If we depend on a financial sector expert, who uses financial modelling for assessing quantitative estimates and then arrive at the financial sector impact, this expertise alone may not suffice. The two skill sets needed for climate scenario analysis and climate finance risks are completely different in that as climate scientists are not experts in financial modelling and financial modellers have limited expertise in area of climate science. This makes the job of assessment of impact of climate change risks on financial sector more difficult and would therefore require collaboration amongst the two.

    8. Given the impact of climate change risks, viz., physical and transition risks and the impact it has on the value of real assets and financial instruments, understanding these risks is crucial for lenders or investors from a risk-reward perspective. Thus, for uniform and consistent assessment of risks across the financial system, the aspect of disclosure and data becomes crucial. This will remove the misalignment of information between borrowers and lenders/ investors and not only allow a fair assessment of climate change risks but also foster green and sustainable finance.

    9. As a part of this endeavour, Reserve Bank had in the monetary policy statement of October 2024, announced the formation of Reserve Bank – Climate Risk Information System (RB-CRIS). It is envisaged to bridge data gaps and provide standardised datasets to the Regulated Entities (REs) on three aspects – Physical Risk Data, Transition Risk Data, and Carbon Emission Factor Database. The physical risk data part would focus on providing pan-India hazard and vulnerability data. As regards the transition risk, the plan is to arrive at India specific transition scenarios and use them to provide sectoral benchmark transition pathways. Finally, recognising the need to standardise the emission calculation across the sectors, a consistent approach towards carbon emission methodology and the uniform database is also being proposed. Under RB-CRIS, the RBI intends to bring all the stakeholders together and bring coherence and bridge the existing data gaps.

    Climate change and credit risks

    10. Climate change risks impact the financial institutions, financial system and real economy through the traditional risk categories and one risk factor that prominently stands out is credit risk. Climate change would lead to additional operational costs for the borrowers with an increased possibility of loss of their assets, leading to increased probability of default by the borrowers. The real economy is also impacted through various means such as direct property losses, crop losses, loss of employment and livelihood losses. Another facet of credit risk in climate change emanates from the need to promote green and sustainable financing. The fact that the net-zero technologies driving the transition to decarbonisation, are at various developmental and evolving stages, itself signifies a significant increase in credit risks. Thus, there is a dichotomy wherein on one hand there is a need for incentivising green and sustainable finance and on the other there is an increase in inherent risks from encouraging such financing. So, the key issue is how to manage this dichotomy? While the prudential aspect, i.e., the risk management consideration, is the prime concern for any regulator, the flow of credit is generally market determined albeit mandated at times through specific directed lending policies. Therefore, a delicate balancing act needs to be performed by the regulators to avoid any imbalance from the broader financial stability perspective.

    Challenges to Green and Sustainable Finance and Global Financing

    11. Challenges to green and sustainable finance are many. However, they can be broadly categorised in two specific buckets – one is the structural issues while the other relates to the quantum of financing available. From the structural perspective, the main challenges would be, high-upfront capex requirements given the specific nature of required project loans/ investments; perceived high inherent risks given the evolving nature of climate related technologies; asset liability mismatches which is ubiquitous to any lending/ investing activity, more so in case of project loans given the longer maturity, commencement and gestation timelines; and knowledge and information gaps, given the technical nature of assessment of climate change risks and appraisal of climate related technologies.

    12. As to the quantum of financing available, there are various pull and push factors at work, in the context of global capital mobilisation. The global capital stock of lending/ investments flows also follows a risk-reward perspective. The pull factors are the specific domestic enablers which may drive investor appetite. This would be a function of robustness of the financial ecosystem, liquidity, and depth of the financial markets, transparency and disclosure standards, rigour of verification and assurance mechanism, development and dissemination of risk assessment models for climate-related risks, data and capacity gaps, long-term strategy on transition plans, and availability of pool of bankable projects. The push factors would be the global commitment of funds for climate related funding. The recent geo-political developments could possibly lead to the weakening of these push factors. This is a developing story and there is a need to closely monitor the wider implications. Given the huge requirement for funding of the green transition, the availability of global funds remains critical.

    13. The inherent risks in the green and sustainable finance, skews the risk-reward considerations leading to increased cost of credit. This leads to demand by private sector investors/ lenders for appropriate derisking mechanisms through grants/ guarantees/ philanthropic capital/ financial incentives, etc. Mobilising such capital on scale, would be a challenge. A related issue is the availability of bankable projects. Though, bankable projects invariably find credit, there are funding challenges with partially bankable and non-bankable projects. As you all may be aware, there are two aspects of climate change finance we need to consider, one is mitigation and other is adaptation. Mitigation is used for transition purpose and adaptation for resilience purpose. Financing in case of mitigation can be associated with cash flows, but it becomes difficult for adaptation and resilience, as the associated cash-flows are difficult to assess leading to sub optimal capital flows towards sustainable investments in resilient infrastructure and adaptation.

    Augmenting green and sustainable finance

    14. Given these limitations, there is a need for concerted efforts to overcome these challenges and augment green and sustainable finance. This would require a multi-pronged approach. Blended finance, which combines concessional public funding with private sector investment can be one of the main conduits of the credit flow by de-risking climate related projects. India is a diverse country, with varying needs of climate mitigation and resilience, meaning, a coastal area would require a differentiated approach as compared to the regions near the Himalayas. We would need practical implementable solutions, curated to specific issues. Tools like guarantees, sustainability-linked loans, and climate-resilient bonds could be explored to further enhance private sector involvement.

    15. The problem of climate change needs scalable solutions, and it cannot come by entirely relying on public funds. There is thus a need to develop a market wherein the risk-reward perspective itself takes care of the scale of requirements. Even within adaptation space, there are pockets which can be associated with cash flows. Climate change risks and financing needs to be viewed also as an opportunity. Innovative solutions which not only mitigate financial risks associated with climate change but also incentivise private investors to participate in climate projects need to be explored.

    16. Developmental Financial Institutions (DFIs) would have to play a major role in channelising the flow of credit for green and sustainable finance. There is a need for more collaboration between DFIs, Multilateral Development Banks (MDBs), National Development Banks (NDBs) and Vertical Climate and Environmental Funds (VCEFs). Given the current geo-political developments, with the world moving to a multi-polar world, there is a need for certain reforms within the MDBs as well greater representation from/ credit to the global south.

    17. Technology and innovation would play a major role in mitigation of climate change risks while creating a robust ecosystem for green and sustainable finance in the country. This requires developing a platform that would bring together the REs and technology solution providers, to facilitate an orderly development of required technological solutions to mitigate climate related risks and overcome the current limitations and foster sustainability linked credit flow. The Reserve Bank has on April 09, 2025, included sustainable finance and climate risk mitigation as a topic under the Theme Neutral “On Tap” application facility under the Regulatory Sandbox which could help develop and test innovative solutions.

    The Way Forward

    18. One term which often finds mention in global context has been “inter-operability”. While as a concept, inter-operability seems ideal in a just and equal world, in these times in a world with stark inequalities, mandating inter-operability with similar level of commitments, may not be the ideal way and there is a need for a differentiated approach. The Emerging Markets and Developing Economies (EMDEs) have started this journey to achieve seamless integration and inter-operability. However, there is yet some distance to be covered. Though, historical examples from high-income countries demonstrate the potential to decouple economic growth from emissions, for EMDEs this would require strong international co-operation, significant investments, and effective policies. Further, any transition from carbon intensive economy to a greener economy is not a smooth ride and there are going to be disruptions be it restructuring, reallocation of resources and financial flows as also displacement of workers and have a bearing on land use. Thus, as we traverse this journey there is a need for delicate balance to ensure that socio-economic implications are carefully considered and addressed.

    19. Going forward, we would also need to arm our respective organizations with skilled manpower and technical expertise to spearhead the transformation in addressing the challenges of climate change. With this end in view, Reserve Bank has been conducting extensive capacity building programmes for the REs. The focus has been on bringing international experts to share their experience on green and sustainable financing, stress testing and scenario analysis, credit risk assessment, transition planning, physical risk assessment, and global best practices for governance, strategy and risk management.

    Conclusion

    20. India occupies a unique position in the global climate context. As one of the world’s fastest-growing economies, it faces the dual challenge of fostering and sustaining economic development while addressing climate change. On the one hand, it is highly vulnerable to climate risks while on the other hand, it has the potential to lead the global green transition. While we have made a fair start, there are several challenges that remain to be addressed. The risk management architecture in REs for climate related financial risks is still evolving and further concerted efforts are required. Further, a comprehensive assessment on the extent of losses that may be caused due to climate change risks in the future requires more granular approach. There is a need to build technical expertise and competencies for comprehensive assessment and mitigation of climate change risks. There is also a need for a more harmonised and coherent regulatory approaches across various sectors so that the sectoral dependencies may be addressed in an efficient manner. While the need for the world to transition to a greener tomorrow is given, there are several challenges on the way, and they need to be addressed in a holistic manner. We also need a collaborative and sensitive approach to address the various issues given the impact on the economies and the societies at large. I am confident seminars such as these give an opportunity to further the work to achieve these objectives.

    Thank you.

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Message to schools and colleges leaders

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    Message to schools and colleges leaders

    A message to schools and college leaders written by Sir Ian Bauckham, Ofqual’s Chief Regulator.

    Applies to England

    Documents

    Message to schools and college leaders

    Ref: Ofqual/25/7223

    HTML

    Details

    A message to schools and college leaders detailing important information and resources available for summer exams and assessments.

    Updates to this page

    Published 28 April 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom –

  • MIL-OSI Europe: Eucharistic Celebration on the second day of the Novendiali

    Source: The Holy See

    At 10.30 today, Second Sunday of Easter or Divine Mercy Sunday, on the second day of the Novendiali, a Eucharistic Celebration in memory of the Roman Pontiff Francis was held on the parvis of Saint Peter’s Basilica, presided over by His Eminence Cardinal Pietro Parolin.
    On the second day of the Novendiali, a special invitation was extended to the employees and faithful of Vatican City. It was also attended by many teenagers gathered in Rome for the Jubilee dedicated to them. According to official data, approximately 200,000 faithful were present.
    The following is the homily delivered by His Eminence Cardinal Pietro Parolin during the course of the Eucharistic Celebration:

    Homily of His Eminence Cardinal Pietro Parolin
    Dear brothers and sisters,
    The risen Jesus appears to his disciples while they are in the Upper Room where they have fearfully shut themselves in, with the doors locked (Jn 20:19). Their state of mind is disturbed and their hearts are full of sadness, because the Master and Shepherd they had followed, leaving everything behind, has been nailed to the cross. They experienced terrible things and feel orphaned, alone, lost, threatened and helpless.
    The opening image that the Gospel offers us on this Sunday can also well represent the state of mind of all of us, of the Church, and of the entire world. The shepherd whom the Lord gave to his people, Pope Francis, has ended his earthly life and has left us. The grief at his departure, the sense of sadness that assails us, the turmoil we feel in our hearts, the sense of bewilderment: we are experiencing all of this, like the apostles grieving over the death of Jesus.
    Yet, the Gospel tells us that it is precisely in these moments of darkness that the Lord comes to us with the light of the resurrection, to illuminate our hearts. Pope Francis reminded us of this since his election and often repeated it to us, placing at the centre of his pontificate that joy of the Gospel which, as he wrote in Evangelii Gaudium, “fills the hearts and lives of all who encounter Jesus. Those who accept his offer of salvation are set free from sin, sorrow, inner emptiness and loneliness. With Christ joy is constantly born anew” (n. 1).
    The joy of Easter, which sustains us in this time of trial and sadness, is something that can almost be touched in this square today; you can see it etched above all in your faces, dear children and young people who have come from all over the world to celebrate the Jubilee. You come from so many places: from all of the dioceses of Italy, from Europe, from the United States to Latin America, from Africa to Asia, from the United Arab Emirates… with you here, the whole world is truly present!
    I address a special greeting to you, with the desire to make you feel the embrace of the Church and the affection of Pope Francis, who would have liked to meet you, to look into your eyes, and to pass among you to greet you.
    In light of the many challenges you are called to confront – I think, for example, of the technology and artificial intelligence that characterise our age in a particular way – never forget to nourish your lives with the true hope that has the face of Jesus Christ. Nothing will be too great or too challenging with him! With him you will never be alone or abandoned, not even in the worst of times! He comes to meet you where you are, to give you the courage to live, to share your experiences, your thoughts, your gifts, and your dreams. He comes to you in the face of those near or far, a brother and sister to love, to whom you have so much to give and from whom so much to receive, to help you to be generous, faithful and responsible as you move forward in life. He wants to help you to understand what is most valuable in life: the love that encompasses all things and hopes all things (cf. 1 Cor 13:7).
    Today, on the Second Sunday of Easter, Dominica in Albis, we celebrate the Feast of Divine Mercy.
    It is precisely the Father’s mercy, which is greater than our limitations and calculations, that characterised the Magisterium of Pope Francis and his intense apostolic activity. Likewise the eagerness to proclaim and share God’s mercy with all – the proclamation of the Good News, evangelisation – was the principal theme of his pontificate. He reminded us that “mercy” is the very name of God, and, therefore, no one can put a limit on his merciful love with which he wants to raise us up and make us new people.
    It is important to welcome as a precious treasure this principle on which Pope Francis insisted so much. And – allow me to say – our affection for him, which is being manifested in this time, must not remain a mere emotion of the moment; we must welcome his legacy and make it part of our lives, opening ourselves to God’s mercy and also being merciful to one another.
    Mercy takes us back to the heart of faith. It reminds us that we do not have to interpret our relationship with God and our being Church according to human or worldly categories. The good news of the Gospel is first and foremost the discovery of being loved by a God who has compassionate and tender feelings for each one of us, regardless of our merits. It also reminds us that our life is woven with mercy: we can only get back up after our falls and look to the future if we have someone who loves us without limits and forgives us. Therefore, we are called to the commitment of living our relationships no longer according to the criteria of calculation or blinded by selfishness, but by opening ourselves to dialogue with others, welcoming those we meet along the way and forgiving their weaknesses and mistakes. Only mercy heals and creates a new world, putting out the fires of distrust, hatred and violence: this is the great teaching of Pope Francis.
    Jesus shows us this merciful face of God in his preaching and in the deeds he performs. Furthermore, as we have heard, when he presents himself in the Upper Room after the resurrection, he offers the gift of peace and says: “If you forgive the sins of any, they are forgiven them; if you retain the sins of any, they are retained” (Jn 20:23). Thus, the risen Lord directs his disciples, his Church, to be instruments of mercy for humanity for those willing to accept God’s love and forgiveness. Pope Francis was a shining witness of a Church that bends down with tenderness towards those who are wounded and heals with the balm of mercy. He reminded us that there can be no peace without the recognition of the other, without attention to those who are weaker and, above all, there can never be peace if we do not learn to forgive one another, showing each another the same mercy that God shows us.
    Brothers and sisters, precisely on Divine Mercy Sunday we remember our beloved Pope Francis with affection. Indeed, such memories are particularly vivid among the employees and faithful of Vatican City, many of whom are present here, and whom I would like to thank for the service they perform every day. To you, to all of us, to the whole world, Pope Francis extends his embrace from Heaven.
    We entrust ourselves to the Blessed Virgin Mary, to whom he was so devoted that he chose to be buried in the Basilica of Saint Mary Major. May she protect us, intercede for us, watch over the Church, and support the journey of humanity in peace and fraternity. Amen.

    MIL OSI Europe News –

  • MIL-Evening Report: How much do election promises cost? And why have we had to wait so long to see the costings?

    Source: The Conversation (Au and NZ) – By Stephen Bartos, Professor of Economics, University of Canberra

    With the May 3 federal election less than a week away, voters have only just received Labor’s costings and are yet to hear from the Coalition.

    At the 2022 election, the costings were not released for nearly two months after polling day.

    Deputy Opposition Leader Sussan Ley last week told Sky News the Coalition costings will be “released in the lead up to election day and will be able to be fully interrogated”.

    This is now too late for the voters who have already cast their ballots. We have seen a record number of pre-poll votes this election, with more than 2.3 million as of Saturday. This means a sizeable percentage of the electorate has voted without knowing what their votes will cost.

    Voting without all the facts

    Whichever side wins, taxpayers eventually pay to implement policies. So knowing at least in broad terms the costs of the policies would be helpful.

    The Coalition has probably had many of its policies costed by the independent Parliamentary Budget Office. This process is thorough and impartial.

    Importantly, the Parliamentary Budget Office costs policies over ten years. This allows the full costs of policies to be understood better. Some policies such as large infrastructure take many years before the full impact on the budget is felt.

    Labor has already published the costs of many of its policies in the March 25 federal budget. This only covered the forward estimates, three years into the future, but is reliable for most policies. But we still need the costings for policies announced post-budget.

    The true picture?

    Even when we see the costings from both of the main parties, we can have no confidence their lists are accurate and complete. Parties may omit costings that might attract criticism.

    They may also present costings prepared by consultants rather than the Parliamentary Budget Office. You may recall controversy late last year over private modelling of the Coalition’s plans for nuclear power.

    Unfortunately we have to wait until after the election for a comprehensive and independent set of costings.

    The Parliamentary Budget Office does not publish its full list of costings (in the election commitments report) until well after the election. This is either 30 days from the end of the caretaker period or seven days before the new parliament first sits, whichever comes later.

    The election commitments report has some accountability value in relation to the party that forms government but does not help inform voters. It is a mystery why anyone would be interested in the costs of policies of the losing side. But they still must be published, according to electoral law.

    The report must include the major parties, although minor parties and independents can also be included in the report if they wish.

    Are there other approaches?

    By contrast, in New South Wales the state Parliamentary Budget Office publishes a complete set of costings five days before the election. Policies announced after this date miss out but these rarely affect the budget bottom line.

    Although, as occurs federally, many voters cast their ballots in advance, at least NSW’s approach gives most voters a chance to see the costs. This encourages the major parties to compete to produce a fiscally responsible total.

    The NSW approach is self-policing. Each major party studies the statements and if the other side omits something – large or small – they rapidly and loudly complain. Parties therefore try to make their policy lists as accurate as possible.

    Both sides are obliged by law to provide the budget office with all the proposed policies of the leader’s party.

    Toting up all the costs

    Federally, the budget office takes on the time-consuming job of tracking down all the policy announcements to cost and include in its post-election report.

    The differences arise from the different legislation that applies to each PBO.

    NSW has arguably an easier job because it costs policies only for the premier and leader of the opposition. The federal budget office costs for all members of parliament.

    The federal system requires policies submitted during the caretaker period, and their costings, must be published “as soon as practicable”. But major parties are highly unlikely to submit a policy only to have it and its costing released at a time not of its choosing.

    The requirement is likely motivated by transparency, but clashes with political reality. In NSW costings remain confidential until the leader advises the budget office the policy has been announced. This gives parties a way to have policies costed with a low risk of their premature release.

    DIY assessments

    Federally, there are other ways to estimate the costs of policies. The budget office has a Build your Own Budget Tool, and a tool for modelling alternative
    income tax proposals (SMART), both available online.

    These provide a fair approximation and are often used by journalists trying to get behind political announcements.

    The OECD lists 35 independent fiscal bodies in 29 OECD countries responsible for assessing election costings. Some are tiny, with just a few analysts. Some are
    huge and influential, like the US Congressional Budget Office. Few have the same focus on costing election policies that applies in Australia.

    Costs are a big deal here. Both parties have run advertisements attacking the other side on the question of whether their policies are affordable.

    On major policies such as the Coalition plans for nuclear power there are massive differences between cost estimates put forward by each side. Such differences could be resolved by an independent and impartial costing. This is why Australian voters deserve to see such costings as soon as possible.

    Stephen Bartos was NSW Parliamentary Budget Officer for the past three NSW general elections. He is now a professor at the University of Canberra.

    – ref. How much do election promises cost? And why have we had to wait so long to see the costings? – https://theconversation.com/how-much-do-election-promises-cost-and-why-have-we-had-to-wait-so-long-to-see-the-costings-255104

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Big and small spending included in Labor costings, but off-budget items yet to be revealed

    Source: The Conversation (Au and NZ) – By Stephen Bartos, Professor of Economics, University of Canberra

    The federal budget will be stronger than suggested in last month’s budget, according to Treasurer Jim Chalmers who released Labor’s costings on Monday.

    Many of the policies included in the costings were already detailed in either the 2025 Budget or the Pre-Election Fiscal Outlook, so are shown as having a net zero cost.

    But that does not mean they are costless. It means simply that their costs were included in previously published budget updates.

    Monday’s media announcement is akin to the reconciliation table published in each update, prepared by the Treasury and Finance departments setting out how the numbers have changed.

    It seems likely this media release drew on the same methodology.

    It includes two savings measures. One is relatively small: $700 million from increasing the visa application charge for primary student visas. The big saving is $6.4 billion from further reducing spending on consultants, contractors, labour hire, and non-wage expenses such as travel, hospitality and property.

    Travel, hospitality and property expenses are small bikkies. Undoubtedly departments could make savings on these, but they won’t get anywhere near the total. The bulk of the savings will come from reducing spending on consultants and contractors.

    Labor has shown that such savings on consultants are possible; it did it in its first term. However, counterbalancing this, we saw increased spending on the public service.

    It is the same problem as with the Coalition’s promise to make savings by cutting public servants. Without cuts to programs and activities, work remains to be done. People have to be employed to do that work, leading either to more spending on the public service (Labor) or bringing back consultants (Coalition).

    There was no independent signoff suggesting Monday’s release included all of Labor’s policy announcements. We won’t get that until the Parliamentary Budget Office does its election commitments report.

    But this full list of costings is not released by the PBO until well after the election. This is either 30 days from the end of the caretaker period or seven days before the new parliament first sits, whichever comes later.

    However, Monday’s costings release does appear comprehensive, including not only the large headline announcements but several announcements of less than a million dollars a year.

    What are missing, though, are costings of items that are off-budget because they are balance sheet adjustments – for example, the reduction in student HECS debt.

    These do have a financial impact but due to their accounting treatment are not disclosed as hitting the budget balance. Ideally, these should be disclosed as well.

    Stephen Bartos 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. Big and small spending included in Labor costings, but off-budget items yet to be revealed – https://theconversation.com/big-and-small-spending-included-in-labor-costings-but-off-budget-items-yet-to-be-revealed-255425

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: Millions of families to benefit from lower school uniform costs

    Source: United Kingdom – Government Statements

    Press release

    Millions of families to benefit from lower school uniform costs

    Government to cut school uniform costs for around 4.2 million children, saving families an estimated £73 million per year.

    Parents of over four million children are set to benefit from lower school uniform costs, new government analysis has found.

    As the government’s landmark Children’s Wellbeing and Schools Bill proceeds in the House of Lords this week, analysis shows new laws will wipe over £70 million off the cost of uniform for families across the country.

    It comes as a new survey shows a third of parents are still worried about uniform costs, with one in five schools said to have actually increased the number of branded items required over the past year.

    While currently schools are required to ‘limit’ the number of branded items they require, today’s survey shows almost half are not doing so.

    Parents are having to pay £442 on average to kit a child out for secondary school, and £343 for primary school, putting unnecessary financial pressure on families.

    To cut those costs for families and break down barriers as part of the government’s Plan for Change, new proposed laws will limit the number of branded, typically more expensive, items schools can require to three – excluding ties.

    Lowering uniform costs is just one of the measures in the Children’s Wellbeing and Schools Bill, which will strengthen safeguards for vulnerable children, put more money back in parents’ pockets including through free breakfast clubs, and bring every school up to the standard of the best.

    Education Secretary, Bridget Phillipson, said:

    Looking smart at school shouldn’t cost the earth, and no parent should be forced to choose between buying family essentials and a school shirt or tie.

    Alongside our free breakfast clubs, these new laws will save parents hundreds of pounds a year, and make sure family finances have no bearing on children’s time at school.

    This bill is about keeping children safe, saving parents money and bringing every school up to the standard of the best, so we can break down barriers to opportunity and deliver our Plan for Change.

    The new uniform laws will save parents £50 a year in their back-to-school shop, which alongside the measure to introduce free breakfast clubs in all schools, will put £500 back into the pockets of parents. 

    Today’s analysis shows parents of an estimated 4.2 million pupils across 8,000 schools will have more flexibility to choose where they purchase their school uniform with the introduction of the cap.

    Uniform can create a sense of identity and pride for pupils but it can also be a source of anxiety and in some cases even impacts school attendance.

    Lynn Perry MBE, CEO of Barnardo’s, said:

    Barnardo’s welcomes the cap to the number of branded uniform items required by schools. It cannot be right that children are going to school wearing ill-fitted clothes or shoes due to the high cost of uniforms – but, as high prices continue to impact families, it’s yet another essential item that parents are struggling to afford.

    We look forward to seeing even bolder action in the upcoming child poverty strategy to tackle the number of children growing up in poverty.

    Existing statutory guidance on school uniform means all schools must consider and aim to minimise the cost on parents – but the new cap on branded items will take this even further.

    This government is determined to deliver on its Plan for Change to break the link between background and success – because a child’s background should not be what shapes their future.

    DfE media enquiries

    Central newsdesk – for journalists 020 7783 8300

    Updates to this page

    Published 28 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI Video: UK E-petition debate relating to dogs in scientific and regulatory procedures – Monday 28 April 2025.

    Source: United Kingdom UK Parliament (video statements)

    The Petitions Committee has scheduled a debate relating to the use of dogs in scientific and regulatory procedures.

    Irene Campbell MP has been asked by the Committee to open the debate. The Government will send a Minister to respond.

    Read the petition:
    https://petition.parliament.uk/petitions/705384

    Find petitions you agree with, and sign them: https://petition.parliament.uk/

    What are petition debates?

    Petition debates are ‘general’ debates which allow MPs from all parties to discuss the important issues raised by one or more petitions, and put their concerns to Government Ministers.

    Petition debates don’t end with a vote to implement the request of a petition. This means that MPs will not vote on the issues raised in the petition at the end of the debate.

    The Petitions Committee can only schedule debates on petitions to parliament started on petition.parliament.uk

    Find out more about how petition debates work: https://committees.parliament.uk/committee/326/petitions-committee/content/194347/how-petitions-debates-work/

    Stay up-to-date
    Follow the Committee on Twitter for real-time updates on its work: https://www.twitter.com/hocpetitions

    Thumbnail image ©UK Parliament / Jessica Taylor

    https://www.youtube.com/watch?v=oQ3Vpixa_vU

    MIL OSI Video –

  • MIL-OSI United Kingdom: TUV lodge formal complaint against chair of Ulster Council

    Source: Traditional Unionist Voice – Northern Ireland

    Mid Ulster TUV submitted the complaint below to the Local Government Ombudsman over the weekend:

    Dear Commissioner,

    I write to lodge a formal complaint regarding the conduct of Councillor Eugene McConnell, Chairman of Mid Ulster District Council.

    I contend that Councillor McConnell breached multiple requirements of the Code of Conduct for Councillors through (i) his attendance at an Easter Republican event commemorating notorious IRA terrorist Jim Lynagh, and (ii) his subsequent use of the chair at a council meeting to suppress legitimate debate and criticism of his conduct.

    1. Attendance at an event honouring Jim Lynagh

    On Easter Sunday, Councillor McConnell attended an event in Carrickmore, during which he was photographed standing beside a banner commemorating Jim Lynagh.
    Photographic evidence is available at the following link: https://www.belfasttelegraph.co.uk/news/politics/dup-anger-as-sinn-fein-council-chair-joins-party-leader-in-honouring-notorious-ira-man-jim-lynagh/a1626780166.html. A copy can be supplied if required.

    Jim Lynagh was a senior IRA terrorist linked to:
    •     The murders of Sir Norman Stronge (Stormont Speaker) and his son James Stronge;
    •     The murders of RUC Reservist William James Clements and Constable George Gilliland;
    •     The attempted bombing and armed assault on Loughgall RUC station, during which he was killed.

    Given this record, Councillor McConnell’s attendance at, and active participation in, a commemoration of Lynagh was wholly incompatible with his duty to act in the public interest, promote good community relations, and uphold respect for all sections of the community.

    2. Conduct in the Council Chamber

    When the matter of his attendance was raised in the Council Chamber, Councillor McConnell used his position as Chairman to shut down discussion.
    I contend that by doing so he:
    •     Acted in a situation of direct conflict of interest;
    •     Failed to exercise objectivity or accountability;
    •     Abused the authority of his role to suppress legitimate criticism.

    3. Breaches of the Code of Conduct

    I respectfully submit that Councillor McConnell’s conduct breached the following provisions of the Northern Ireland Local Government Code of Conduct for Councillors:
    •     3.3 Public Duty: Failed to act in the interests of the community as a whole.
    •     3.3 Objectivity: Failed to exercise objective judgement, particularly when presiding over discussion relating to his own actions.
    •     3.3 Accountability: Avoided proper accountability for his conduct by preventing debate.
    •     3.3 Leadership: Damaged public trust and confidence in his office and in Mid Ulster District Council.
    •     3.3 Equality: Failed to show respect for all sections of the community, especially victims of IRA terrorism and those with different political views.
    •     3.3 Promoting Good Relations: His actions were not conducive to fostering respect, equality, and trust.

    Further, I request that the Commissioner formally investigate breaches of the following Rules of General Conduct:
    4.1(b), 4.2, 4.5, 4.8, 4.10, 4.11, 4.12, 4.13, and 4.14.

    4. Conclusion

    In view of the seriousness of the issues raised, I respectfully request that this complaint be fully investigated and that appropriate action be taken if breaches of the Code are found.

    Yours faithfully,
    Glenn Moore
    Traditional Unionist Voice (TUV)

    MIL OSI United Kingdom –

  • MIL-OSI United Nations: 28 April 2025 News release WHO issues new recommendations to end the rise in “medicalized” female genital mutilation and support survivors

    Source: World Health Organisation

    Urgent measures are needed to curtail the rising “medicalization” of female genital mutilation (FGM) and to engage health workers to prevent the practice, according to a new guideline published today by the World Health Organization (WHO).

    While the health sector plays a key role in stopping FGM and supporting survivors, in several parts of the world, evidence suggests the practice is now increasingly performed by health workers. As of 2020, an estimated 52 million girls and women were subjected to FGM at the hands of health workers – around 1 in 4 cases.

    The new WHO guideline, titled The prevention of female genital mutilation and clinical management of complications, provides recommendations to both prevent the practice and ensure evidence-based care for survivors, covering actions for the health sector, governments, and affected communities.

    “Female genital mutilation is a severe violation of girls’ rights and critically endangers their health,” said Dr Pascale Allotey, WHO’s Director for Sexual and Reproductive Health and Research, and the United Nations’ Special Programme for Human Reproduction (HRP). “The health sector has an essential role in preventing FGM – health workers must be agents for change rather than perpetrators of this harmful practice, and must also provide high quality medical care for those suffering its effects.”

    Typically carried out on young girls before they reach puberty, FGM includes all procedures that remove or injure parts of the female genitalia for non-medical reasons. Evidence shows that no matter who performs FGM, it causes harm. Some studies suggest it can even be more dangerous when performed by health workers, since it can result in deeper, more severe cuts. Its “medicalization” also risks unintentionally legitimizing the practice and may thereby jeopardize broader efforts to abandon the practice.

    For these reasons, WHO’s new guideline recommends professional codes of conduct that expressly prohibit health workers from performing FGM. Secondly, recognizing their respected role within communities, it emphasises the need to positively engage and train health workers for prevention. Sensitive communication approaches can help health workers effectively decline requests to perform FGM, while informing people about its serious immediate and long-term risks.

    “Research shows that health workers can be influential opinion leaders in changing attitudes on FGM, and play a crucial role in its prevention,” said Christina Pallitto, Scientist at WHO and HRP who led the development of the new guideline. “Engaging doctors, nurses and midwives should be a key element in FGM prevention and response, as countries seek to end the practice and protect the health of women and girls.”

    Alongside effective laws and policies, the guideline highlights the need for community education and information. Community awareness-raising activities that involve men and boys can be effective in increasing knowledge about FGM, promoting girls’ rights, and supporting attitudinal changes. 

    In addition to prevention, the guideline includes several clinical recommendations to help ensure access to empathetic, high quality medical care for FGM survivors. Given the extent of both short and long-term health issues that result from the practice, survivors may need a range of health services at different life stages, from mental health care to management of obstetric risks and, where appropriate, surgical repairs.

    Evidence shows that, with the right commitment and support, it is possible to end FGM. Countries like Burkina Faso, Sierra Leone and Ethiopia have seen reductions in prevalence among 15 – 19-year-olds over the past 30 years by as much as 50%, 35% and 30% respectively, through collective action and political commitment to enforce bans and accelerate prevention.

    Since 1990, the likelihood of a girl undergoing genital mutilation has decreased by threefold. However, it remains common in some 30 countries around the world, and an estimated 4 million girls each year are still at risk.

    MIL OSI United Nations News –

  • MIL-OSI: Synaptics Unveils First Veros™ Wi-Fi 7 Family Tailored for the IoT

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., April 28, 2025 (GLOBE NEWSWIRE) — Synaptics® Incorporated (Nasdaq: SYNA) announced it has extended its Veros wireless portfolio with its first family of Wi-Fi® 7 systems-on-chips (SoCs) tailored for the Internet of Things (IoT). Comprising the SYN4390 and SYN4384, the scalable offering supports bandwidths up to 320 MHz to deliver 5.8 Gbps peak speed and low latency. The triple-combo SoCs integrate Wi-Fi 7 with Bluetooth® 6.0 and Zigbee/Thread, support Matter, and are designed to minimize system cost and power consumption. They target IoT applications requiring reliable performance-over-range for enhanced user experiences across use cases that include 8K video streaming, interactive gaming, security monitoring, immersive AR/VR, and home and automotive entertainment.

    Wi-Fi 7’s multi-link operation (MLO) allows the devices to send and receive a data stream using multiple frequency bands (2.4 GHz, 5 GHz, 6 GHz) simultaneously in support of low latency, reliable connections, and high throughput for real-time applications like video calls and gaming. Synaptics’ architecture provides a power-efficient, cost-effective way to deliver the benefits of MLO.

    “Growing adoption of Wi-Fi 7 in wireless networking infrastructure has created an opportunity to address a massive and diverse array of Wi-Fi 7-enabled IoT end-user devices by extending our Veros portfolio,” said Venkat Kodavati, SVP and GM of Wireless Products at Synaptics. “We are bringing the benefits of Wi-Fi 7 in a versatile solution for high-performance, low-power IoT devices. Combined with the ease of integration with our Astra AI-Native compute platform, we expect that developers will have an efficient solution for implementing next-generation connected and AI-enriched IoT products with features such as Wi-Fi Sensing.”

    ABI Research forecasts annual shipments of Wi-Fi 7 chipsets to reach more than 2 billion by 2029, achieving a CAGR of 56% between 2024 and 2029.1

    “Wi-Fi 7 is ushering in a new era of more enriching and sophisticated use cases for connected devices thanks to its channel bandwidth, throughput, and latency improvements,” said Andrew Zignani, Senior Research Director, ABI Research. “However, the requirements for implementation vary by product type, and edge IoT introduces challenges that differ from PCs or infrastructure applications. Synaptics’ diverse Wi-Fi 7 solutions are tailored to address these unique needs, including low power, support for multiple connectivity protocols, and AI. These will be critical in enabling Wi-Fi 7’s expansion across multiple IoT segments, reaching billions of annual device shipments over the next few years.”

    Wi-Fi 7 family highlights
    The Wi-Fi 7 IoT family’s support of Matter and its triple combo design provides the interoperability required to allow the devices to serve as versatile home hubs that can operate across Wi-Fi, Bluetooth, and Zigbee/Thread networks in heterogeneous wireless environments. Features support2:

    • Peak speed of up to 5.8 Gbps, using 2×2 + 2×2 MLO, 320 MHz channel bandwidth, and 4K QAM
    • Integrated RF front-end and power management IC (PMIC) that contribute to reduced system cost and power consumption
    • Dual-core Bluetooth 6.0 for LE Audio, Channel Sounding, and LE Long Range
    • Matter and an integrated 802.15.4 radio capable of enabling Zigbee and Thread networking3
    • Integrated Arm cores and memory to enable offloading of networking functions from the host processor to help reduce system power consumption4

    Availability
    The SYN4390 is available now for sale, and the SYN4384 is available now in limited quantities for evaluation. For more:

    About Synaptics Incorporated
    Synaptics (Nasdaq: SYNA) is driving innovation in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices, whether at home, at work, or on the move. As a go-to partner for forward-thinking product innovators, Synaptics powers the future with its cutting-edge Synaptics Astra™ AI-Native embedded compute, Veros™ wireless connectivity, and multimodal sensing solutions. We’re making the digital experience smarter, faster, more intuitive, secure, and seamless. From touch, display, and biometrics to AI-driven wireless connectivity, video, vision, audio, speech, and security processing, Synaptics is the force behind the next generation of technology enhancing how we live, work, and play. Follow Synaptics on LinkedIn, X, and Facebook, or visit www.synaptics.com.  

    Forward-Looking Safe Harbor Statement
    This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the Company’s focus on its extended Veros wireless portfolio with its first family of Wi-Fi® 7 systems-on-chips (SoCs) tailored for the Internet of Things (IoT), customer adoption of these products, and/or performance as intended These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, effects of geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in or cost increases related to completing development, engineering and manufacturing of these products, changes in customer order patterns, supply chain delays or volatility for critical components, changes in tax rates or tax regulations, such as increased tariffs, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, except as required by law.

    Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.

    Media Contact

    Synaptics Incorporated
    Patrick Mannion
    patrick.mannion@synaptics.com

    1 Source: ABI Research Article: Wireless Connectivity Technology Segmentation and Addressable Markets by Andrew Zignani (published January 27, 2025) ©2025 Allied Business Intelligence, Inc.
    2 Actual performance may vary based on deployment environment and device configuration
    3 Certification status may vary by implementation
    4 Power savings may vary based on system design and workload

    The MIL Network –

  • MIL-Evening Report: Peter Dutton calling the ABC and the Guardian ‘hate media’ rings alarm bells for democracy

    Source: The Conversation (Au and NZ) – By Denis Muller, Senior Research Fellow, Centre for Advancing Journalism, The University of Melbourne

    In front of a crowd of party faithful last weekend, Opposition Leader Peter Dutton referred to the ABC, Guardian Australia and other news platforms as “hate media”. The language was extreme, the inference being these outlets were not simply doing their jobs, but attacking him and his side of politics because of ideological bias.

    Speaking at a Liberal Party campaign rally in the Melbourne western suburb of Melton, Dutton said:

    Forget about what you have been told by the ABC, The Guardian and the other hate media. Listen to what you hear [at] doors. Listen to what people say on the pre-polling. Know in your hearts that we are a better future for our country.

    Melton is in the Labor-held seat of Hawke, which the Liberals believe they can win.

    Dutton provided no evidence to support his accusation, for the good reason that there has been nothing in the ABC’s or Guardian Australia’s coverage of Dutton that could remotely justify it.

    By a process of elimination, the “other hate media” to which he referred can only be The Age and The Sydney Morning Herald, given the News Corporation mastheads have been unflagging in their support for him throughout the campaign.

    What has been common to the campaign coverage by the ABC, Guardian Australia, The Age and the SMH has been close scrutiny of both sides and both leaders.

    The three newspapers in particular have put renewed resources into independently fact-checking claims made by both Dutton and Prime Minister Anthony Albanese, and have caught out both men telling falsehoods.

    The broadcast news media on the whole have played it straight, except of course for Sky News after dark, which has been as relentlessly pro-Coalition as their News Corp newspaper stablemates.

    Beyond these professional mass media platforms, there have been clearly partisan social media influencers working on both sides, as well as a range of podcasters, but none of these has been guilty of hate speech towards Dutton or anyone else.

    The inescapable conclusion is that Dutton equates scrutiny of him by journalists with hate speech.

    This is where his attitude becomes dangerous to democracy. It comes straight from US President Donald Trump’s playbook, where the professional mass media are “fake news” and the “enemy of the people”.

    It is designed to play not just on people’s longstanding distrust of the news media in general – though not of the ABC – but on some voters’ sense of grievance at the way governments have treated them.

    This worked for Trump in the United States, but it became obvious early in the campaign that any association with Trumpism was a strong political negative in Australia, particularly in the atmosphere of alarm generated by his tariff war.

    Dutton then took pains to distance himself from Trumpism, and at the Liberal launch in Western Australia his face was a picture of alarm when Jacinta Nampijinpa Price, whom he had appointed to the Trumpian-sounding post of shadow minister for government efficiency, used the slogan “Make Australia Great Again”.

    But it is typical of his incoherent campaign that at the start of the last week he should be echoing the Trumpian view of the media in such extreme terms, creating even more instability. In an ABC interview, his shadow minister for finance, Jane Hume, refused to support him, saying “that wouldn’t be a phrase I would use”.

    It also raises legitimate questions about how Dutton would treat the media should he become prime minister. For example, if a media platform refused to obey his wishes, or provide him with coverage of which he approved, would its representatives be excluded from prime ministerial access?

    Not long ago, such a proposition would have been inconceivable, but Trump banned the Associated Press (AP) from presidential access because it would not obey his instruction to rename the Gulf of Mexico the Gulf of America. A federal judge later found the ban violated the First Amendment, and ordered AP’s access to be restored.

    It is very improbable Dutton would even try to impose his will on the commercial media in Australia, especially the newspapers.

    In fact, Guardian Australia has turned his remark into a fundraising opportunity. It emailed subscribers with the subject line “A note from the ‘hate media’,” comparing Dutton’s language to that of Trump, and asking for financial support to keep holding figures like Dutton to account.

    But his potential to punish the publicly funded ABC is another matter.

    From statements he has made during the campaign, it seems certain the ABC would be in for more funding cuts and an investigation into its operations of the kind Trump has launched into America’s National Public Radio.



    Read more:
    What would – and should – happen to the ABC under the next federal government?

    Coalition prime ministers going back to John Howard have had a hostile relationship with the ABC. Howard stacked the ABC board, and the panel that nominates its members, with ideological mates.

    In the eight years from 2014 to 2022, under the Coalition governments of Tony Abbott, Malcolm Turnbull and Scott Morrison, $526 million was cut from the ABC’s budget.

    During that time, there was also a series of inquiries into the ABC, set up to satisfy politicians with a beef against the ABC, notably Pauline Hanson.

    The day after Dutton’s “hate media” statement, the ABC’s 4 Corners program revealed he failed for two years to disclose he was the beneficiary of a family trust that operated lucrative childcare businesses when he was a cabinet minister.

    This is unlikely to improve his view of the national broadcaster. He may even see it as more hate. In fact, it is just good journalism.

    Denis Muller and Nicole Chvastek will discuss this further on their Truth, Lies and Media podcast on Wednesday April 30.

    Denis Muller 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. Peter Dutton calling the ABC and the Guardian ‘hate media’ rings alarm bells for democracy – https://theconversation.com/peter-dutton-calling-the-abc-and-the-guardian-hate-media-rings-alarm-bells-for-democracy-255412

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Best Online Casinos 2025: 7Bit Casino Rated As Top Real Money Casino

    Source: GlobeNewswire (MIL-OSI)

    PORTLAND, Ore., April 28, 2025 (GLOBE NEWSWIRE) — The online gambling world is growing rapidly, making it tough to choose the best online casino from so many options. Players everywhere want secure, rewarding, and diverse gaming experiences, but the number of choices can be confusing. Our team of experts reviewed dozens of casinos, looking at licensing, game variety, bonuses, payout speeds, and user experience.

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    Online Slots

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    Poker

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    Debit/Credit Cards

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    Skrill, Neteller, and EcoPayz provide instant transactions, combining speed and security. E-wallets are favored for not requiring direct bank details, with no fees on most transactions.

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    Transaction Limits

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    VIP Program at 7Bit Casino

    7Bit Casino’s 12-level VIP program rewards loyalty with Comp Points (CPs) earned at a rate of 1 CP per $12.5 wagered on real-money bets (Wisergamblers). Progression through levels unlocks escalating benefits, enhancing the best online casino experience.

    • Earning CPs: Every real-money bet contributes to CPs, tracked in the player’s account. Slots typically earn CPs faster than table games due to higher house edges.
    • Level Benefits:
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      • Levels 7-9: 10-15% cashback and exclusive tournament access.
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    The program’s transparency and tangible rewards make 7Bit the best casino site choice for loyal players seeking long-term value.

    Tournaments and Competitions

    7Bit Casino keeps excitement high with regular tournaments, offering players chances to win cash, free spins, and crypto prizes.

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    These events add competitive thrill, positioning 7Bit as a top casinos online destination.

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    Why 7Bit Stands Out Globally

    7Bit Casino’s global appeal stems from its accessibility and player-centric features, making it the best online casino:

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    • Diverse Currencies: Offers fiat (EUR, USD, AUD, CAD, NOK, PLN, NZD) and crypto (BTC, ETH, LTC, DOGE, USDT, XRP) options, eliminating conversion hassles. Players can switch currencies seamlessly.
    • VPN Accessibility: In restricted regions, 7Bit permits VPN use, allowing secure access without compromising account integrity. This is ideal for players in jurisdictions with gambling bans.
    • Crypto Gaming Focus: Over 4,000 Bitcoin-based games, like BTC Blackjack and Bitcoin Roulette, cater to crypto enthusiasts. These games leverage blockchain for transparency, appealing to tech-savvy players.

    These features make 7Bit the best casino online for a global audience, combining flexibility, security, and innovation.

    Mobile Gaming at 7Bit Casino

    7Bit Casino’s mobile platform is a standout feature, offering a seamless best online casino experience on iOS and Android devices. The responsive website, built with HTML5, ensures all 10,000+ games are accessible without a dedicated app. Players can enjoy slots, live dealer games, and instant win titles on the go, with intuitive navigation and fast load times. Mobile banking supports instant crypto transactions, and 24/7 support is available via live chat, making 7Bit a best casino sites leader for mobile gaming.

    7Bit Casino Conclusion: The Best Online Casino

    After evaluating global platforms, 7Bit Casino is the best online casino for 2025. Its 10,000+ games, from slots to live dealers, cater to all preferences, powered by top providers like NetEnt and Evolution Gaming.

    The 325% welcome bonus up to 5.25 BTC + 250 free spins, plus ongoing promotions, delivers unmatched value. Instant crypto payouts, robust security via Curacao licensing and SSL encryption, and 24/7 support via live chat and email (support@7bitcasino.com) ensure a seamless experience. Responsible gambling tools and a 12-level VIP program further elevate 7Bit as the top online casino for real-money gaming worldwide.

    Frequently Asked Questions

    • What makes 7Bit Casino the best online casino?

    7Bit Casino excels with over 10,000 games, a 325% bonus up to 5.25 BTC, 250 free spins, instant crypto payouts, and robust security, making it ideal for global players.

    • Is 7Bit Casino licensed and secure?

    Licensed by Curacao eGaming, 7Bit Casino uses 128-bit SSL encryption and provably fair algorithms, ensuring a safe and fair gaming environment for all players.

    • What bonuses does 7Bit Casino offer?

    7Bit Casino provides a 325% welcome bonus up to 5.25 BTC, 250 free spins, plus reload bonuses, cashbacks, and free spins for ongoing player rewards.

    • Can I play 7Bit Casino games on mobile?

    7Bit Casino’s mobile-optimized platform supports iOS and Android, offering seamless access to 10,000+ games for gaming on the go.

    • What payment methods does 7Bit Casino accept?

    7Bit Casino supports Bitcoin, Ethereum, Litecoin, Visa, Mastercard, Skrill, and more, with instant crypto withdrawals and flexible fiat options.

    • Does 7Bit Casino require KYC verification?

    KYC is required for withdrawals over $2,000 at 7Bit Casino, involving photo ID and address verification to ensure security.

    • Are there country restrictions at 7Bit Casino?

    7Bit Casino is restricted in some regions; players should review terms to confirm eligibility, as access varies by jurisdiction.

    • How fast are withdrawals at 7Bit Casino?

    Crypto withdrawals at 7Bit Casino are instant, while fiat withdrawals via Visa or bank transfer take 1-3 days for processing.

    • What games are available at 7Bit Casino?

    7Bit Casino offers slots, blackjack, roulette, poker, live dealer games, and instant win titles, with 10,000+ options for all players.

    • Why is 7Bit Casino the best real money online casino?

    7Bit Casino leads with its vast game selection, generous bonuses, instant payouts, and robust security, making it the top choice for real-money gaming.

    Email: support@7bitcasino.com

    Legal Disclaimer

    This content is for informational and entertainment purposes only and is not legal, financial, or gambling advice. Information is presented “as is,” with no warranties on accuracy or completeness. Readers must verify information and ensure compliance with local gambling laws. The publisher and authors are not liable for losses or consequences from using this information.

    Affiliate Disclosure

    Some links may be affiliate links, earning a commission at no cost to you. Recommendations are based on objective criteria, and affiliate partnerships do not influence content or conclusions.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c2b1b32c-15fa-44db-8e7f-2136c3a99b3b

    The MIL Network –

  • MIL-OSI: Best Online Casinos New Zealand: 7Bit Casino Picked as Top Casino for NZ Players

    Source: GlobeNewswire (MIL-OSI)

    WELLINGTON, New Zealand, April 28, 2025 (GLOBE NEWSWIRE) — After spending some time exploring various online casinos in New Zealand, it became clear that most just didn’t deliver when it came to bonuses or overall experience. That’s when a few local players in New Zealand pointed us toward something better- 7Bit Casino. It stood out from the moment we signed up, kicking things off with a massive welcome bonus. With thousands of games and easy crypto payments, it turned out to be one of the smoothest and most enjoyable platforms we’ve tried.

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    Our Favourite Overall Casino New Zealand: 7Bit

    7Bit Casino earns its place as the top pick for the best online casinos in New Zealand due to its all-around excellence. Its massive game selection, from classic pokies like Mega Moolah to immersive live dealer tables, ensures endless entertainment. The anonymous online casino approach, combined with robust security, appeals to players who value privacy. Regular promotions, such as weekly cashback and free spins, keep the experience fresh. For Kiwi players, 7Bit’s blend of variety, bonuses, and fast payouts makes it a standout.

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    Pros and Cons of 7Bit Casino

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    Cons

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    Despite these drawbacks, 7Bit’s strengths make it a top contender among New Online Casinos in New Zealand, offering a balanced mix of entertainment and reliability.

    How We Selected the Best Online Casinos in New Zealand

    Choosing the best online casinos in New Zealand involves a rigorous evaluation process. Our experts assess multiple factors to ensure only top-tier platforms like 7Bit Casino make the cut. Here’s how we evaluate:

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    • 1st Deposit Offer: 100% + 100 FS
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    • New Game Offer: 50 free spins
    • Easter Crypto Offer: 75 free spins
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    • Monday Offer: 25% + 50 FS
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    3. Casino Games

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    5. Banking Methods

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    6. Customer Support

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    Our methodology ensures that only the best online casinos in New Zealand, like 7Bit, meet the needs of Kiwi players, balancing fun, safety, and convenience.

    How We Choosed 7Bit as Best Online Casino NZ

    Selecting top-rated casino sites like 7Bit involves a detailed process. We prioritize player experience, focusing on usability, game variety, and payout speed. Security is paramount, with licensed platforms like 7Bit undergoing regular audits. Bonuses must be generous yet fair, and customer support should be accessible. For New Online Casinos, we also consider innovation, such as crypto integration or unique features like 7Bit’s best no KYC casino option. This ensures only the best platforms shine.

    We also analyze user reviews and industry trends to gauge reputation. 7Bit’s decade-long presence and positive feedback from Kiwi players solidify its status. By combining objective metrics with real-world insights, we identify casinos that deliver exceptional value.

    The Selection Process: Defining Excellence in Online Gaming

    Our selection process for the best online casinos in New Zealand is thorough and transparent. We evaluate casinos based on:

    • Game Quality and Variety: Platforms must offer diverse, high-quality games. 7Bit’s 10,000+ titles set a high standard.
    • User Experience: Intuitive navigation and mobile compatibility are key. 7Bit’s retro design and responsive platform excel here.
    • Bonuses and Fairness: Promotions should enhance play without excessive restrictions. 7Bit’s free spins and cashback offers are player-friendly.
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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/10718a9c-846b-4181-8c60-cf087632b3f1

    The MIL Network –

  • MIL-Evening Report: PodTalk.live ushers in new ‘indie’ information and debate era

    PodTalk.live

    After a successful beta-launch this month, PodTalk.live has now called for people to register as foundation members — it’s free to join the post and podcast social platform.

    The foundation membership soft-launch is a great opportunity for founders to help shape a brand new, vibrant, algorithm-free, info discussion and debate social platform.

    “PodTalk.live has been put to test by selected individuals and we’re pleased to report that it has performed fabulously,” said the the platform developer Selwyn Manning.

    Manning is founder and managing director of the company that custom-developed PodTalk.live — Multimedia Investments Ltd.

    PodTalk.live . . . a new era. Image: PodTalk screenshot APR

    MIL is based in Aotearoa New Zealand, where PodTalk.live was developed and is served from.

    And now, PodTalk.live has emerged from its beta stage and is ready for foundation members to shape the next phase of its development.

    An alternative platform
    PodTalk.live was designed to be an alternative platform to other social media platforms.

    PodTalk has all the functions that most social media platforms have but has placed the user-experience at the centre of its backend design and engineering.

    PodTalk.live has been custom-designed, created and is served from New Zealand.

    “We ourselves became annoyed at how social media giants use algorithms to drive what content their users see and experience,” Manning said.

    “And, we also were appalled at how some social media companies trade user data, and were unresponsive to user-concerns.

    “So we decided to create a platform that focuses on ‘discussion and debate’ communities, and we have engineered PodTalk to ensure the content that users see is what they choose — rather than some obscure algorithm making that decision for them.

    “PodTalk.live is independent from other social media platforms, and at best will become an alternative choice for people who seek a community where they are the centre of a platform’s core purpose.

    Sign-up invitation
    ““And today, we invite people to sign up now and become foundation members of this new and ethically-based social community platform,” Manning said.

    What PodTalk.live provides includes:

    • user profiles with full interactivities with other users and friends;
    • user created groups, posts, video, images, polls, and file sharing;
    • private and secure one-on-one (and group) messages;
    • availability of all the above for entry users with a free membership;
    • premium membership for podcasters and event publishers requiring easy to use podcast publication and syndication services; and next-level community engagement tools that users have all on the one platform.

    Manning said PodTalk.live was founded on the belief that for social, political and economical progress to occur people needed to discuss issues in a safe environment and embark on robust debate.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Plans to stockpile critical minerals will help Australia weather global uncertainty – and encourage smaller miners

    Source: The Conversation (Au and NZ) – By Mohan Yellishetty, Professor, Co-Founder, Critical Minerals Consortium, and Australia-India Critical Minerals Research Hub, Monash University

    RHJPhtotos/Shutterstock

    The world needs huge quantities of critical minerals to make batteries, electric vehicles, wind turbines, mobile phones, computers and advanced weaponry.

    Many of these minerals lie under Australian soil. Australia is able to produce 9 out of 10 mineral elements required to produce lithium-ion batteries, such as lithium, nickel and cobalt. It also has the highest total reserves of battery minerals.

    But at a time of major geopolitical upheaval, critical minerals are also contested. China controls many critical mineral supply chains, allowing it to dominate clean energy technologies. The ongoing United States–China trade war has intensified competition for access to critical minerals.

    It’s against this backdrop that Labor has proposed a A$1.2 billion strategic reserve of critical minerals. It’s a timely and welcome step in the right direction.

    Why is this reserve needed?

    Critical minerals are vital to the industries of the future. But supply can be hard to secure and disruptions can be devastating.

    After US President Donald Trump jacked up tariffs on China, Beijing responded by clamping down on critical mineral exports. Almost 80% of US weaponry depends on Chinese critical minerals.

    China now dominates mining and refining of many critical minerals. Beijing controls 90% of the world’s rare earth refining, 80% of lithium refining and 68% of nickel refining. The US and other nations are belatedly trying to catch up.

    Mining has long been a major Australian industry, particularly iron ore and coal. But Australia has huge reserves of many critical minerals, producing the largest volume of lithium ore in the world as well as stocks of cobalt, manganese, rutile and others. Australian miners Lynas and Australian Strategic Materials are two of the few rare-earth mining companies not owned by China.

    That’s where this strategic reserve comes in. If it comes to fruition, the federal government would buy agreed volumes of critical minerals from commercial projects, or establish an option to purchase them at a given price. It would then keep stockpiles of these key minerals to prevent market manipulation by China and stabilise prices by releasing or holding stocks strategically.

    The reserve would give Canberra more leverage in negotiating with trading partners and enable a rapid response to supply disruptions. Government backing for the industry would boost onshore processing, scale up domestic production and encourage more high-wage, high-skill jobs in regional areas.

    Which minerals will be stockpiled? That’s yet to be determined. The list of ‘critical minerals’ can vary between countries, and a mineral critical to one nation may not be to another.

    Australia lists 31 critical minerals while Japan lists 35, the US lists 50 and the European Union 34. Australia’s list is unique in that it reflects global demand, not domestic dependency.

    The minerals most commonly included in these lists include cobalt, gallium, indium, niobium, tantalum, platinum group minerals and rare earth elements.

    Why is the government intervening?

    In 2023, major miners produced close to a billion tonnes of iron ore in Western Australia.

    By contrast, critical mineral volumes are small. For instance, only 610 tonnes of gallium were mined in 2023. Major miners such as Rio Tinto, BHP and Vale don’t tend to bother.

    Critical mineral markets are often opaque and highly concentrated. The barrier to entry is high. Globally, the market for the 31 critical minerals on Australia’s list is valued at around A$344 billion – about the size of the global aluminium market.

    That leaves it to mid-tier and small miners to bridge the gap between rapidly growing demand and supply. The problem is, raising capital is often very difficult. The price of critical minerals can fluctuate wildly. The price of lithium and nickel have fallen sharply over the last two years due to market oversupply.

    The strategic reserve would make it easier for these miners by providing access to capital through loans from Export Finance Australia and private investors, reducing financial uncertainty and cost overruns and acting as a buffer against market volatility.

    For instance, mid-tier miner Illuka Resources is building Australia’s first rare earths refinery in Western Australia. The project already has significant government support, but it is likely to need more.

    Despite Australia’s significant mineral resources, it faces an uphill battle to gain market share. China’s dominance has been driven by low production costs; low environmental, social and goverance standards; and a competitive labour market. But intensifying geopolitical competition between China and the US means Australian minerals would likely be sought by the US.

    How can Australia best play its hand?

    In volatile market conditions, cheaper operations have a significant advantage, while new mines face an uphill battle.

    Australia’s critical minerals hub framework could help offset capital costs. Smaller miners could form cooperatives to share infrastructure and manage logistics, processing and access to international markets. Sharing infrastructure such as roads, rail, energy and ports would reduce the investment risk.

    There are other challenges to overcome, such as the long lead times of 10 years or more to go from discovery to production, limited access to low-cost renewable energy and a shortage of technical and scientific capabilities.

    Labor’s strategic reserve would help. But it won’t be enough to make Australia into a critical mineral giant. The government should consider:

    • building more regional processing hubs with shared infrastructure and microgrids
    • offering royalty exemptions, tax incentives and energy subsidies early on
    • giving incentives to retrofit facilities to produce critical minerals found alongside main ores, such as cobalt found alongside copper and antimony with gold
    • encouraging models where rare earths are concentrated in Australia and processed overseas in partner countries
    • establishing Centres of Excellence on critical minerals and creating shared libraries of intellectual property to support research, avoid duplication and optimise resource allocation.

    Overall, the proposed reserve is an excellent idea. Government intervention will be necessary to absorb and mitigate risks from price fluctuations and geopolitical shocks.

    Mohan Yellishetty receives funding from the Australian Research Council, Geoscience Australia, Defense Science Institute, Boral Limited, AGL Loy Yang, Indian Ministry of Education. He is affiliated with AusIMM as its fellow, Honorary Academic Fellow, Australia India Institute, Foreign Fellow, Indian Geophysical Union, and affiliated with Indian Institute of Technology (Dharwad, Mumbai, Hyderabad). David Whittle contributed to the research base and data for this article.

    – ref. Plans to stockpile critical minerals will help Australia weather global uncertainty – and encourage smaller miners – https://theconversation.com/plans-to-stockpile-critical-minerals-will-help-australia-weather-global-uncertainty-and-encourage-smaller-miners-255320

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI New Zealand: Govt’s further backtrack on Te Tiriti o Waitangi at Pharmac endangers Māori health – PSA

    Source: PSA

    Pharmac’s proposal to axe its specialist Māori advisory team is another sad example of the low priority the Government places on improving the health of Māori.
    The proposed scrapping of the Māori Directorate announced to staff today will see a net loss of three roles, including those responsible for supporting an anti-racism research programme, and the roles responsible for supporting the work of the now-defunct Māori Advisory Group.
    “This is an abandonment of Pharmac’s commitment to the health of Māori and another breach of Te Tiriti o Waitangi,” said Janice Panoho, Te Kaihautū Māori for the Public Service Association Te Pūkenga Here Tikanga Mahi.
    This follows a decision in October last year to scrap the independent Māori Advisory Group, Te Rōpū Māori, made up of medical specialists including doctors, pharmacists and researchers.
    This was a result of the Government’s Letter of Expectations to Pharmac instructing it to stop embedding Te Tiriti o Waitangi in its funding decisions.
    “This latest proposal flies in the face of Pharmac’s statutory obligation to consider equity and address racism in access to medicines – this change will further diminish the voice of Māori in Pharmac’s funding decisions.
    “The dismantling of Pharmac’s Māori leadership capacity is unacceptable. It sends a clear message to our communities, that Māori voices in the health system can be ignored, erased, and sidelined.
    “Across the public service, the Government is overriding its legal obligations under Te Tiriti o Waitangi and washing its hands of the partnership between the Crown and Māori that previous governments embraced.
    “We urge the Government and Pharmac to not walk away from Te Tiriti o Waitangi if it’s serious about improving the health outcomes of Māori.”
    The PSA stands with its Māori members at Pharmac and calls for a firm recommitment to equity in health outcomes for Māori and its community.
    The Public Service Association Te Pūkenga Here Tikanga Mahi is Aotearoa New Zealand’s largest trade union, representing and supporting more than 95,000 workers across central government, state-owned enterprises, local councils, health boards and community groups.

    MIL OSI New Zealand News –

  • MIL-OSI: Exosens delivers strong revenue growth in Q1 2025 in a dynamic defense market environment; Fully on track to 2025 guidance

    Source: GlobeNewswire (MIL-OSI)

    EXOSENS DELIVERS STRONG REVENUE GROWTH IN Q1 2025 IN A DYNAMIC DEFENSE MARKET ENVIRONMENT

    FULLY ON TRACK TO 2025 GUIDANCE

    HIGHLIGHTS

    • Sustained revenue growth of +21.1% to €104.9m in Q1 2025, reflecting strong like-for-like performance (+18.0%)
      • Continued strong growth in Amplification revenue (+29.1% vs. Q1 2024), driven by a growing demand of image intensifier tubes for Defense night vision applications from NATO and Tier-1 allies forces
      • Detection & Imaging revenue slightly down (-1.0% vs. Q1 2024), affected by temporary headwinds mostly related to Telops, the Group’s imaging systems business in Canada (+16% growth vs. Q1 2024 excluding Telops). Growth is expected to resume and accelerate throughout the remainder of the year supported by solid underlying end-market trends
    • Adjusted gross margin up +28.1% to €52.6m in Q1 2025 (margin rate of 50.1%, +270bps vs. Q1 2024), mainly driven by strong Amplification growth (+39.5%)
    • Closing of Noxant acquisition, reinforcing Exosens’ position in high-performance cooled infrared imaging, particularly in fast growing Defense and Surveillance markets

    OUTLOOK

    • Fully on track to deliver on 2025 guidance: continued strong performance expected, with revenue growth in the high-teens and adjusted EBITDA growth in the low twenties

    Mérignac (France), 28 April 2025 – Exosens (EXENS; FR001400Q9V2), a high-tech company focused on providing mission and performance-critical amplification, detection and imaging technologies, today publishes its revenue and adjusted gross margin for the first quarter of 2025.

    “After a very successful 2024, which marked a turning point in our trajectory and saw us exceed our IPO guidance, we are proud to start 2025 with a strong Q1 performance, confirming the positive momentum across our core markets. Regarding our Defense-related activities, demand remains high amid increasing geopolitical tensions and sustained investment from NATO countries and Tier-1 allies. This solid start of the year demonstrates the strength of our positioning and our ability to execute. Amplification continues to be a key growth engine, supported by accelerating demand and increased capacity, while our Detection & Imaging segment is on track to deliver solid like-for-like growth, progressively improving over the course of the year.

    Supported by strong fundamentals , and solid operational performance, we are fully confident in our ability to deliver our 2025 objectives and continue creating long-term value for all stakeholders.” commented Jérôme Cerisier, CEO of Exosens.

    Strong revenue performance in Q1 2025 in a dynamic defense market environment

      Q1 2024 Q1 2025 Change Like-for-like
      In €m In €m In €m In % In %
    Amplification 63.3 81.7 +18.4 +29.1% +29.3%
    Detection & Imaging 24.2 24.0 (0.2) (1.0)% (13.0)%
    Eliminations & Other (0.8) (0.7) +0.1 n/a n/a
    Total revenue 86.7 104.9 +18.3 +21.1% +18.0%

    Exosens delivered strong revenue performance in Q1 2025, demonstrating its ability to continue its sustained growth trajectory. Consolidated revenue amounted to €104.9 million, which represented a growth of +21.1% (+€18.3 million) compared to Q1 2024. On a like-for-like basis, revenue grew by +18.0% year-over-year, driven by continued strong momentum in Defense end-markets.

    Amplification revenue amounted to €81.7 million in Q1 2025, marking a significant growth of +29.1% (+€18.4 million) compared to Q1 2024, reflecting higher sales volumes due to increased production capacity and growing demand of image intensifier tubes for Defense night vision applications.

    Reflecting this dynamic market environment, Exosens has continued benefiting from its position as the strategic supplier of NATO and Tier-1 allies, which have continued to ramp up their procurement of night vision systems on the back of the need for armies to enhance their night fighting capabilities. This positive trend was particularly noticeable in Europe with a number of major business wins, notably in Eastern and Northern Europe.

    Detection and Imaging revenue amounted to €24.0 million in Q1 2025, representing a small decline of -1.0% compared to Q1 2024. The first semester revenue contribution for Detection & Imaging is typically lower due to seasonality. On a like-for-like basis, D&I revenue was down -13.0% (-€3.1 million), mainly due to Telops, the Group’s Canadian-based imaging system business. Telops was temporarily impacted by US tariff uncertainties and reductions in federal science funding, which resulted in softer demand from US customers, as well as by delays in securing certain export licenses. Excluding Telops, D&I revenue grew by around +16% year-over-year and was broadly stable on a like-for-like basis.

    Exosens continued to see robust demand across its key high-growth markets, particularly in Nuclear and Defense & Surveillance.

    The Group expects D&I like-for-like growth to resume and accelerate throughout the remainder of the 2025 fiscal year, supported by solid underlying end-market trends.

    On the M&A front, Exosens closed on 13thMarch 2025 the acquisition of Noxant, a specialist in high-performance cooled infrared cameras. Noxant’s range of high-performance MWIR cooled camera cores provides complementary capabilities that meet the increasing demand for advanced infrared solutions, particularly for drone-based Defense and Surveillance applications where camera integration is required. Meaningful synergies are expected with Exosens’ imaging business leveraging its technologies portfolio and worldwide commercial reach.

    The Group has started Noxant’s integration process, which is expected to be finalized by end-June. Q1 2025 revenue and adjusted gross margin do not include any contribution from this acquisition.

    Otherwise, the closing of the acquisition of NVLS, a specialist in man-portable night vision and thermal devices, is expected to occur during Q2 2025, pending customary clearances and approvals.

    Adjusted gross margin up +28.1% in Q1 2025

      Q1 2024 Q1 2025 Change
      In €m % of sales In €m % of sales In €m In %
    Amplification 29.2 46.2% 40.8 49.9% +11.6 +39.5%
    Detection & Imaging 11.8 48.9% 11.8 49.3% (0.0) (0.1)%
    Eliminations & Other 0.0 n/a 0.0 n/a n/a n/a
    Adjusted gross margin 41.1 47.4% 52.6 50.1% +11.5 +28.1%

    Exosens recorded a strong increase in adjusted gross margin at Group level, mainly driven by higher sales volumes, improved yields and favorable product mix. The Group’s adjusted gross margin stood at €52.6 million in Q1 2025, reflecting a growth of +28.1% (+€11.5 million) compared to Q1 2024. As a percentage of consolidated revenue, adjusted gross margin was 50.1% in Q1 2025, representing an improvement of 270 basis points year-on-year.

    Adjusted gross margin for the Amplification segment reached €40.8 million in Q1 2025, recording a growth of +39.5% (+€11.6 million) compared to Q1 2024. Margin rate increased by 370 basis points to 49.9% in Q1 2025, driven by the strong growth in sales volume with increased production capacity, improved yields and favorable product mix.

    Adjusted gross margin for the Detection and Imaging segment amounted to €11.8 million in Q1 2025, stable compared to Q1 2024. Margin rate improved by 50 basis points to 49.3% in Q1 2025, despite lower revenue, driven by better yields, effective cost control, and supply chain synergies.

    Evolution of corporate governance

    The Board of Directors of Exosens, at its meeting on 25 April 25, proposed to the upcoming annual combined General Meeting on 23 May to appoint Bpifrance Investissement as a director.

    This nomination of Bpifrance Investissement, represented by Ms. Dorianne Bonfils as permanent representative, for a seat on the Board of Directors is aligned with Bpifrance Participations’ increased investment in Exosens’ share capital.

    Following the exercise of the call option on Exosens shares granted by HLD as part of Exosens’ IPO, Bpifrance Participations acquired an additional 2.7% stake in the share capital and voting rights on 25 April 2025 and now ranks as Exosens’ second-largest shareholder, holding 7.2% of the share capital and voting rights, behind the HLD Group.

    At its meeting on 25 April 2025, the Board of Directors, following the recommendation of Exosens’ Nominations and Compensation Committee, and after evaluating its independence according to the AFEP-MEDEF code criteria, confirmed Bpifrance Investissement’s status as an independent director, should it be appointed by the Company’s General Meeting.

    Outlook for 2025 and the 2024-2026 period confirmed

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

    The Group expects a high-teens 2024-2026 adjusted EBITDA CAGR and a cash conversion1ratio in the range of 70%-75% over the period, taking into account capacity investment in Europe and in the US.

    Furthermore, the Group intends to pursue its growth strategy, at a pace consistent with historical trend, while maintaining a leverage ratio2of around 2x.

    Financial calendar

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

    About Exosens

    Exosens is a high‐tech company, with more than 85 years of experience in the innovation, development, manufacturing and sale of high‐end electro‐optical technologies in the field of amplification, detection and imaging. Today, it offers its customers detection components and solutions such as travelling wave tubes, advanced cameras, neutron & gamma detectors, instrument detectors and light intensifier tubes. This allows Exosens to respond to complex issues in extremely demanding environments by offering tailor‐made solutions to its customers. Thanks to its sustained investments, Exosens is internationally recognized as a major innovator in optoelectronics, with production and R&D carried out on 11 sites, in Europe and North America, and with over 1,800 employees. Exosens is listed on compartment A of the regulated market of Euronext Paris ﴾Ticker: EXENS – ISIN: FR001400Q9V2﴿. Exosens is a member of Euronext Tech Leaders segment and is also included in several indices, including the SBF 120, CAC All-Tradable, CAC Mid 60, FTSE Total Cap and MSCI France Small Cap. For more information: www.exosens.com.

    Investor relations

    Laurent Sfaxi, l.sfaxi@exosens.com

    Media relations

    Brunswick Group, exosens@brunswickgroup.com

    APPENDIX

    Definitions

    Like-for-like growth is the revenue growth achieved by the Group excluding currency impact and scope effect, which corresponds to the revenue recorded during period “n” by all the companies included in the Group’s scope of consolidation at the end of period “n-1” (excluding any contribution from the companies acquired after the end of period “n-1”), compared with revenue achieved during period “n-1” by the same companies. Like-for-like growth for the first quarter of 2025 therefore excludes the contribution of Centronic and LR Tech, acquired by the Group in July 2024 and September 2024, respectively.

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

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

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

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

    Forward-looking statements

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

    1 Cash conversion is defined as (adjusted EBITDA – capitalized R&D – capex) / (adjusted EBITDA – capitalized R&D).
    2 Leverage ratio is defined as net financial debt / adjusted EBITDA.

    Attachment

    The MIL Network –

  • MIL-OSI Russia: NSU graduate talks about Novosibirsk residents’ contribution to the Victory in the Great Patriotic War

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University –

    A graduate gave an open public lecture “Novosibirsk residents to the front” at Novosibirsk State University Humanitarian Institute of NSU, Honorary Archivist of the Russian Federation, Leading Archivist of the State Archives of the Novosibirsk Region Igor Samarin. He spoke about the creation of the 133rd Rifle (later the 18th Guards Insterburg) Division in Novosibirsk in 1939 and its combat path during the Great Patriotic War, as well as about the formation of the 1st Siberian Volunteer Division. It was in its ranks that Mikhail Perevozchikov, Olga Zhilina, Boris Bogatkov, whose names are given to streets in Novosibirsk, fought.

    “Breakthrough Division”

    This is what the 133rd Rifle Division (later the 18th Guards Insterburg) was called during the Great Patriotic War. The division covered itself with unfading glory in the Battle of Moscow in late 1941 – early 1942, in the Rzhev-Sychevka offensive operation, in the Oryol and Vitebsk-Orsha offensive operations, in the East Prussian offensive operation, as a result of which the city of Insterburg and the city of Koenigsberg, considered impregnable, were captured. The “breakthrough division” ended its combat path by capturing the seaport – the Pillau fortress.

    The 133rd separate rifle division was formed in the military town of Novosibirsk in 1939 according to the order of the Military Council of the Siberian Military District dated September 8. It was formed on the basis of the 78th and 71st rifle divisions and their assigned personnel, living in the settlements of Altai and Siberia.

    — The division’s fighters received the news of the beginning of the Great Patriotic War at the summer camps in the vicinity of Biysk, where they were training. Early in the morning of June 22, 1941, there was a parade dedicated to the opening of military training. After the parade, sports competitions began. They were interrupted by a government radio message about the attack of Nazi Germany on the Soviet Union. After 2-3 hours, rallies were held in all regiments. And the next day, by order of the Siberian Military District command, all personnel of the 133rd Division regiments returned to winter quarters. Only one day was allocated for training to be sent to the front. At night, the fighters received combat equipment. In 24 hours, ammunition, weapons, camouflage, draft power and transport were collected, — said Igor Samarin.

    The division was immediately thrown into defensive battles near Moscow, which went into a counteroffensive by winter. On July 5, 1941, the 2nd Battalion of the 133rd Division arrived at the destination station of Vyazma. After a long march, the battalion occupied a defensive line on the Dnieper River. The battalion was advanced by the lead detachment 70 km. On July 7, 1941, the 133rd Division, having unloaded at Vyazma station and joined the 24th Army, moved to the concentration area and took up defensive positions on the eastern bank of the Dnieper River. From July 10, it participated in the Battle of Smolensk.

    On September 1, 1941, by order of the General Command, the 133rd Rifle Division was transferred to the Velikiye Luki direction, to the area of the city of Andreapol in the Kalinin region, where it became part of the 22nd Army of Major General V.A. Yushkevich. Two days later, units of the 133rd Rifle Division, having arrived in the concentration area of the Soblago-Pena station, went out to occupy a new line of defense. The division fought fierce battles in the area of Mosty, Vitbino, Zhabero, Okhvat, where, having inflicted significant damage on the enemy, it delayed his advance from the eastern side. In this area, it advanced 10-12 km through fighting and liberated about 20 settlements. And on September 30, 1941, the great battle of Moscow began. It is divided into two periods: defensive (September 30 – December 4, 1941) and counteroffensive (December 5–6, 1941 – January 7–8, 1942), which then grew into a general offensive of our troops in the Western (Moscow), Northwestern and Southwestern directions (January 7–10 – April 20, 1942).

    In January – early March 1942, the 133rd Rifle Division fought as part of the 49th Army. As a result of battles and offensive actions, units of the division liberated 88 settlements.

    On March 17, 1942, for the heroism, discipline and exemplary performance of combat missions in the fight against German fascism, the 133rd Separate Rifle Division was transformed into the 18th Guards Rifle Division by order of the People’s Commissar of Defense of the USSR No. 78 of March 17, 1942, and on May 3 of the same year, by Decree of the Presidium of the Supreme Soviet, the division was awarded the Order of the Red Banner for successful combat operations against the Nazi invaders.

    From March 20, 1942 to February 9, 1943, the division fought heavy defensive battles on the 15 km long Sukov line (the villages of Novo-Sukovka and Sukovka), nicknamed “Little Sevastopol”.

    Igor Samarin illustrated the story of the combat path of the “Breakthrough Division” with a vivid presentation with pictures of priceless archival documents and frontline photographs. Among them is the division’s combat log, which, in addition to the advances of the combat unit and the awards received by the soldiers and commanders, also contains information about losses. In January 1942 alone, the division, numbering 12-13 thousand people, lost 2,725 soldiers and officers, in February – 2,534, and in March – 4,314.

    — At that time, positional warfare was being waged on this section of the front. There was no large-scale offensive or large-scale defense, but there were fierce battles — the so-called “trench warfare.” The division’s fighters drew off enemy forces that, under other conditions, could have replenished the enemy army rushing to Moscow. If “trench warfare” had not been waged on some sections of the front, there would have been no decisive attacks and breakthroughs on others. However, this division participated not only in heavy positional battles, otherwise it would not have been called a “breakthrough division.” It had many heroic attacks and assaults on enemy fortifications, but its most striking feat was the capture of Königsberg. Not only does this city stand on a hill, it is also surrounded by high medieval fortress walls. An impregnable stronghold. But our fighters did what seemed impossible, — explained Igor Samarin.

    Photographs and documents from the State Archives of the Novosibirsk Region contain evidence of the exploits of the fighters of the “Breakthrough Division”. The lecturer showed the audience photo portraits of its heroes. Among them was Private Ikram Tashmetov, who initiated the sniper movement in the division and personally destroyed 105 fascists – an enemy company – in 9 months. Another sniper, Sergeant Ivan Saenko, destroyed 240 German soldiers and officers from February 1942 until the end of the war. This fact is confirmed by a certificate issued to him by the commander of the unit in which he served his military career.

    The grandson of the legendary hero of the civil war Vasily Chapaev, Alexander, also served in the division as an artillery squad commander. His photo was published in a front-line newspaper, which has been preserved in the archives to this day.

    A photo of the orchestra of the 18th Guards Rifle Division has also survived. At the beginning of the war, the divisional orchestra consisted of 30 people and was led by Mikhail Kazakov. Three regimental brigades were created on the basis of the divisional orchestra, which operated directly on the front line. They gave concerts in dugouts and bunkers, even if there were only 10-15 spectators and the performances took place in several stages. The repertoire of the divisional orchestra was not limited to bravura marches. It was wide and varied, including classical works.

    The division also had its own newspaper, “Defense of the Motherland,” and printed leaflets. It even had its own artist, Ivan Titkov. His pencil drawings have been perfectly preserved to this day. The subjects were varied: our soldiers on the offensive, on defense, on reconnaissance, during rest hours, and captured enemy soldiers.

    Volunteers

    The 1st Siberian Volunteer Division of Siberian Warriors was created in July 1942 on the initiative of the Novosibirsk Regional Committee of the All-Union Communist Party (Bolsheviks). Subsequently, it was named the 150th Rifle Division, then became the 22nd Guards Riga Division. It was in this famous division that our fellow countrymen fought, after whom streets in Novosibirsk are named – Mikhail Perevozchikov, Olga Zhilina, Boris Bogatkov.

    — In the summer of 1942, the enemy was still strong and was gathering new forces for an offensive on the Caucasus, Moscow, and Stalingrad. In these conditions, volunteer divisions began to form in many regions of our country. Novosibirsk Oblast was no exception. This initiative was formalized and sent to Joseph Stalin. His consent was received a few days later, on July 2. And already on July 4, the first application was submitted. And by July 7, there were already 2,723 of them. By July 22, 5,410 privates and 715 junior officers were accepted into the volunteer division, and another 984 people from the regular junior staff arrived. In total, the division at that time numbered 7,179 soldiers and junior officers. And the recruitment of volunteers did not end there, — said Igor Samarin.

    The first commander of the division was Nikolai Guz. The lecturer showed the audience a unique document – his award sheet for the Order of the Red Banner, stored in the Central Archive of the Ministry of Defense of the Russian Federation, and said that Nikolai Olimpievich was an outstanding officer. He commanded the 345th Rifle Division, which participated in the defense of Sevastopol (the division was completely destroyed, but the banner was saved), was the commander of the 150th Rifle Volunteer Division named after Stalin, and then the 22nd Guards Rifle Division and the 338th Rifle Division. Cavalier of the Order of the Red Banner and the Order of the Patriotic War, 1st degree.

    — The party leadership of the Novosibirsk region was given the task of not just creating a volunteer division, but also providing it with comprehensive assistance and replenishment. That it would fully assist and replenish it, which was done with great dedication and efficiency, — noted Igor Samarin.

    Among the volunteers was Mikhail Perevozchikov. Since he was the secretary of the Novosibirsk regional committee of the Komsomol, he had a deferment, but nevertheless, Mikhail Georgievich persistently sought to get to the front. He went to the front as a volunteer and died in a fierce battle with the fascists near the city of Bely on November 25, 1942, repelling an enemy tank attack. A street in the Zaeltsovsky district of Novosibirsk is named after him.

    One of the streets in the Central District of Novosibirsk is named after Olga Zhilina, who was one of the first girls to apply to be included in the 22nd Volunteer Division.

    — The life of this amazing woman is shrouded in mystery. The exact date of her birth is unknown, only the year — 1914. Olga Vasilievna was born in Kolyvan, and as a child, she lost her parents and was taken into the care of her aunts, who took her to Novosibirsk. Today, employees of the State Archives of the Novosibirsk Region have tried to establish her date of birth. To do this, they turned to the registers of Orthodox churches in Kolyvan. From 1914, only two churches out of three that existed at that time have preserved registers. Olga Zhilina’s birth and baptism were not recorded in them. The third register could not be found, — the lecturer said.

    Olga graduated from high school, studied at the workers’ faculty, but did not graduate. For some time she worked as a saleswoman in a store, and then mysteriously ended up in the personnel department of the regional party committee. Then – in the personnel department of the NKVD administration for the Novosibirsk region, and then she even headed the military department in the Central district party committee. In addition, Olga Zhilina was engaged in shooting, showing excellent results, was fond of sports, ran cross-country, and studied German. She, like Mikhail Perevozchikov, also had an “iron” exemption, but nevertheless, she preferred to take nursing courses and become a front-line medical instructor.

    During her two years at the front as a medical battalion instructor, Olga Zhilina suffered eight wounds, carrying the wounded out of the heaviest battles. At the same time, she was also a sniper and has killed enemy soldiers and officers.

    On October 8, 1944, in the area of the village of Bumbieri near Riga, she carried 17 wounded soldiers out of a burning barn set on fire by the Nazis. She was mortally wounded there. But even here there were mysteries. Later, an eyewitness to these events was found. The woman said that Olga Zhilina came out of the ill-fated barn alive, but with two wounds. She refused to have her wounds bandaged. Then they went together to the front line to carry the wounded from the battlefield. And it was there that Olga Vasilyevna was killed.

    Olga Zhilina received 4 military awards for her military exploits, including the Order of the Red Star, the Order of the Red Banner, the Medal for Military Merit, and the Order of the Patriotic War, 1st degree, posthumously.

    The young Novosibirsk poet Boris Bogatkov also fought in the 22nd Siberian Volunteer Division. His poems began to be published in 1940 in the magazine “Sibirskie Ogni”. In 1941, he volunteered for the front, but after a concussion he was evacuated to Novosibirsk. In 1942, despite the doctors’ prohibitions, he returned to the front. He died a year later in the Smolensk region, raising his platoon to attack. According to eyewitnesses, at that moment his platoon was going at the enemy with his song. He was only 20 years old.

    Boris Bogatkov was posthumously awarded the Order of the Patriotic War, 1st class. A street, school and library in Novosibirsk are named after him.

    “Novosibirsk residents to the front”

    Novosibirsk residents made a significant contribution to the Victory in the Great Patriotic War not only on the battlefields, but also in the deep rear. They provided assistance to the residents of Leningrad – they sent trains with butter, clothes, food and everything necessary.

    – “Novosibirsk Komsomolets” – the so -called columns of tanks and squadrons of planes, and there were six of them. The State Archive of the Novosibirsk Region stores amazing documents-signature sheets on raising funds for the construction of the second squadron “Novosibirsk Komsomolets” among students of grades 2-3 of schools of the Suzunsky district. Children gave their pocket money, saying about adults who donated their savings. There are cases when people who were awarded the Stalin Prize, all of it were given to the defense fund without a trace, or sent to the construction of the Novosibirsk Komsomolets air squadron or “for their homeland!”. Industrial enterprises, collective farms, state farms, various labor collectives participated in financing the construction of combat aircraft and tanks. Also, 24 guards mortars of BM-13 Katyusha were built at the expense of the workers, which were transferred to the 4th Guards mortar Sevastopol Regiment, over which our region took patronage. The submarine “Novosibirsk Komsomolets” was also completed with folk money. The construction of the submarine began before the war, and it was intended to be sent to the Black Sea Fleet, but for some reason the work was discontinued. The Novosibirsk made an initiative to raise money to complete the construction and proposed transferring the submarine to the Northern Fleet. With the assistance of the Komsomol regional committee and a large -scale response by the population, the necessary amount was collected. The submarine was completed, the name “Novosibirsk Komsomolets” was given to her and sent by rail to the Northern Fleet base to the city of Polar. The delegation of the Novosibirsk Komsomol members was present on August 10, 1943 at a rally on the occasion of the transfer of the Novosibirsk Komsomolets to the Northern Fleet sailors. In total, this boat made 4 military campaigns, according to official figures, one transport was sunk, but the boat crew itself claimed that 2 enemy ships of a large displacement were destroyed. Since then, there is always a submarine with the name “Novosibirsk Komsomolets” in the Northern Sea Fleet, ”said Igor Samarin.   

    During the war, Novosibirsk lived by one motto: “Everything for the front, everything for victory.” Igor Samarin voiced some data collected with historians and archival employees to justify assigning Novosibirsk the title of “City of Labor Valor.” This information is impressive: Novosibirsk defense enterprises produced almost a third of the shells (about 125 million) and a quarter of the combat fighters (more than 15 and a half thousand). Collective and state farms of the Novosibirsk region prepared more than 1 million 750 thousand tons of grain and more than 70 thousand tons of meat for the state, transferred almost 4 thousand cars and tractors, about 28 thousand horses for the needs of the front.

    Igor Samarin accompanied his lecture with vivid presentations with photos of unique and rare documents from the State Archives of the Novosibirsk Region and the archives of the Novosibirsk Military Historical Scientific Society, which was perceived by the audience with particular interest, especially since the majority of them were undergraduate and graduate students in the field of History, as well as employees of the Humanities Institute of NSU.

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

    MIL OSI Russia News –

  • MIL-Evening Report: Young women are among those who care most about the cost of living. It could be bad for the major parties

    Source: The Conversation (Au and NZ) – By Intifar Chowdhury, Lecturer in Government, Flinders University

    Unsplash

    As was widely predicted, the cost of living has dominated the federal election campaign. Soaring rents, grocery bills and energy prices have squeezed household budgets.

    But these pressures aren’t new. In 2022, voter frustration over living costs helped Labor oust the Coalition.

    With economic pressures persisting, will history repeat?

    Analysis of cost-of-living trends and voting patterns in the last election reveals the voters most motivated by hip-pocket concerns: young women.

    What was the situation in 2022?

    In the 2022 Australian Election Study – a nationally representative post-election survey – about 23.3% of respondents (577 out of 2,478) identified cost of living as the most important issue shaping their vote.

    Younger Australians were the most concerned about the issue. Among the age groups, 38.9% of those aged 18–30 prioritised it, compared with 30.4% aged 31–45, 28.5% aged 46–60, and just 15.4% among those aged 61–90.

    The generational pattern was clear: the younger you were, the more likely you were to vote on cost-of-living concerns.

    Gender also played a role. A slightly higher proportion of women (25.1%) than men (21.1%) rated cost of living as their top issue.

    But the age-gender breakdown reveals more: among cost-of-living voters aged 18–45, women made up roughly 70%.

    In contrast, men outnumbered women among older cost-of-living voters (aged 60 and over).

    These trends suggest the cost of living is especially salient for younger women — a key electoral demographic to watch. Evidence shows this cohort is almost twice as likely as young men to be undecided voters.

    If we look at housing, cost-of-living concerns were most prevalent among renters, with 38.5% of public housing tenants and 32.3% of private renters citing it as their top issue, compared to just 16.4% of those who own their home outright.

    Those paying off a mortgage (27.3%) and people in alternative living arrangements such as boarding or living at home (35.6%) also reported elevated concern, highlighting the strong link between housing insecurity and financial stress.

    Looking at household incomes, it’s no surprise low-income households were overrepresented among cost-of-living voters.

    But concern wasn’t limited to them. Middle-income households, including many earning six-figure incomes, also featured prominently, reflecting how rising rents and mortgage repayments are squeezing even those once considered financially secure.

    A generation defining crisis

    Cost-of-living pressures are widespread, but financial vulnerability heightens the risk of poverty, which already affects more than three million Australians.

    As shown above, young people and young families are at the deep end of the crisis.
    For many, this is a generation-defining crisis, reshaping life expectations.

    In 2017, 62.2% of Australians aged 18–24 saw home ownership as highly important. By 2024, that dropped to 49.5%. A similar decline occurred among 25–34-year-olds.



    Read more:
    Every generation thinks they had it the toughest, but for Gen Z, they’re probably right

    Those in the poorest suburbs or the poorest household are the least likely to value home ownership. This is potentially a sign they feel permanently locked out, deepening inequality.

    As renting becomes more common, and rent prices skyrocket, young people are increasingly struggling to secure affordable rent.

    It’s no surprise Gen Z is more financially anxious than any other generation. The mental health toll of financial stress is stark, contributing to the high prevalence of mental health disorders among this age group.

    With a sizeable youth electorate this time around, financially struggling young voters could be the power brokers of the election. So who might they vote for?

    The politics of living costs

    In the last election, 61.7% of voters concerned about the cost of living backed a left-of-centre party, while 38.3% voted for the right. Despite the Coalition’s historic advantage on economic issues, they faced an incumbent disadvantage among cost-of-living voters.

    In an Election Monitoring Survey conducted in October 2024, only 23.7% of Australians were living comfortably on their present income, while 46.4% were coping, and 29.9% were struggling.

    Those facing financial hardship were more dissatisfied with the country’s direction, less confident in the government, and more likely to dislike both major party leaders.

    Unsurprisingly, October 2024 saw a decline in trust in the federal government, with 15.7% of Australians reporting no trust at all, up from 8.3% in May 2022. Those who did trust the government remained around 32%.

    This shows cost-of-living voters – much like young and female voters – are likely to explore alternatives beyond the major parties, continuing the 2022 trend.

    Both major parties have seen a steady decline in support over the past two decades, with less than 70% of the primary vote between them in 2022.

    This time around, Labor can afford to lose only two seats before facing minority government. Peter Dutton, on the other hand, faces a tougher task, needing nearly 20 seats for a majority.

    With increasing dislike for the major parties among financially struggling voters, there’s a real chance of a hung parliament, where neither party secures the 76 seats needed to govern outright, making negotiations with minor parties and independents crucial.

    Policy battleground

    The major parties know how important the rising cost of living is to voters. A slew of policies has already been announced, from cheaper doctors visits, to lower cost medicines and power bill rebates. On all these fronts, the Coalition has agreed to match Labor’s proposals, ensuring a tightly contested debate.

    Notably, Labor’s proposal to top up stage three income tax cuts won’t kick in until mid-next year, but will cost the government $17 billion over four years.

    Meanwhile, the Coalition’s pledge to halve the excise on fuel duty for a year, will cost $6 billion in lost tax revenue in a year.

    But whether it will be enough to stop cost-of-living voters siding with a minor party or independent remains to be seen.

    Intifar Chowdhury 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. Young women are among those who care most about the cost of living. It could be bad for the major parties – https://theconversation.com/young-women-are-among-those-who-care-most-about-the-cost-of-living-it-could-be-bad-for-the-major-parties-254988

    MIL OSI Analysis – EveningReport.nz –