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Category: Scandinavia

  • MIL-OSI Global: The Greenland ice sheet is falling apart – new study

    Source: The Conversation – UK – By Tom Chudley, Leverhulme Early Career Fellow, Department of Geography, Durham University

    Tom Chudley

    Observing Greenland from a helicopter, the main problem is one of comprehending scale. I have thought we were skimming low over the waves of a fjord, before noticing the tiny shadow of a seabird far below and realising what I suspected were floating shards of ice were in fact icebergs the size of office blocks. I have thought we were hovering high in the sky over a featureless icy plane below, before bumping down gently onto ice only a few metres below us.

    Crevasses – cracks in the surface of glaciers – are the epitome of this baffling range of scales. Formed by stresses at the surface, their direction and size tell us how the ice sheet is flowing towards the ocean. Inland, far away from the fast-flowing glaciers that discharge hundreds of gigatonnes of icebergs a year into fjords, crevasses can be tiny cracks only millimetres wide.

    As the ice speeds up, they can be metres in diameter, sometimes covered by deceptive snow bridges that require suitable safety equipment and rescue training to traverse. Finally, where the ice meets the ocean and no scientist would ever dare to stand, they can be monsters over 100 metres from wall to wall. And across Greenland, they are growing.

    Cracks you could fly a helicopter through.
    Tom Chudley

    It shouldn’t be particularly surprising to scientists that crevasses are getting larger across Greenland. As the ocean warms, the ice sheet has sped up in response, increasing the stresses acting upon its surface. However, observations from satellites and in-person fieldwork are so poor that to date, we had no idea how extensively or quickly this process has been occurring.

    Mapping cracks

    In a new study, my colleagues and I mapped crevasses across the entirety of the Greenland ice sheet in 2016 and 2021. To do this, we used the “ArcticDEM”: three-dimensional surface maps of the polar regions based on high resolution satellite images. By applying image-processing techniques to over 8,000 maps, we could estimate how much water, snow or air would be needed to “fill” each crevasse across the ice sheet. This enabled us to calculate their depth and volume, and examine how they evolved.

    We found that from 2016 to 2021, there were significant increases in crevasse volume across fast-flowing sectors of the Greenland ice sheet. In the southeast of the ice sheet, an area that has been particularly vulnerable to ocean-induced acceleration and retreat in the past few years, crevasse volume increased by over 25%.

    In most Greenland glaciers that flow into the ocean, scientists found crevasses are increasing in size and depth.
    Chudley et al / Nature Geoscience

    However, against our expectations, crevasse volume across the whole ice sheet increased by only 4.3%. That’s much closer to an overall balance than the extremes observed in certain sectors. What had happened? In fact, the significant increases elsewhere were being offset by a single source: an outlet glacier known as Sermeq Kujalleq (Danish: Jakobshavn Isbræ).

    Sermeq Kujalleq is the fastest-flowing glacier on the planet, reaching speeds of nearly 50 metres a day and providing an outsized proportion of Greenland’s total sea-level rise contribution. In 2016, responding to an influx of cold water from the north Atlantic ocean, the glacier slowed and thickened. As it did this, the crevasses on the surface began to close – offsetting increases across the rest of the ice sheet.

    This slowdown was short-lived. Since 2018, Sermeq Kujalleq has once again reverted to acceleration and thinning in response to ongoing warming. We won’t be able to rely on it to offset ice-sheet-wide increases in crevassing in the future.

    Cracks grow into icebergs

    Crevasses play an integral part in the life cycle of glaciers, and as they grow they hold the potential to further accelerate ice-sheet loss. They deliver surface meltwater into the belly of the ice sheet: once inside, water can act to warm the ice or lubricate the bed that the glacier slides over, both of which can make the ice sheet flow faster into the ocean. Meanwhile, where the ice meets the sea, crevasses form the initial fractures from which icebergs can break off, increasing the output of icebergs into the ocean.

    Where Sermeq Kujalleq, or Jakobshavn Glacier, meets the sea. That iceberg filled fjord is several miles wide.
    Copernicus Sentinel / lavizzara / shutterstock

    In short, crevasses underpin the dynamic processes that occur across Greenland and Antarctica. However, these processes are very poorly understood, and their future evolution is the single largest uncertainty in our predictions of sea-level rise. Together, the increased discharge of ice holds the potential to add up to 10 metres of additional sea-level rise by 2300 (75% of all cities with more than 5 million inhabitants exist less than 10m above sea level). We need to better understand these processes – including crevasses – so that informed sea-level projections can form the basis of our responses to the global challenges that climate change presents.

    Since 2023, an international coalition of polar scientists has been urging the world to limit warming to 1.5˚C to avoid the most catastrophic melt scenarios for global glaciers and ice sheets. Last month, the EU’s Copernicus Climate Change Service confirmed that 2024 was the first year in which average global temperatures exceeded this threshold.

    Every fraction of a degree matters. We may still be able to save ourselves from the worst of the damage the climate change will bring – but we are desperately running out of time.

    Tom Chudley received funding from the Leverhulme Trust.

    – ref. The Greenland ice sheet is falling apart – new study – https://theconversation.com/the-greenland-ice-sheet-is-falling-apart-new-study-248926

    MIL OSI – Global Reports –

  • MIL-OSI Economics: Agnico Eagle and O3 Mining Announce Subsequent Acquisition Transaction and Completion of Offer

    Source: Agnico Eagle Mines

    • The Offer has now expired and Agnico Eagle has taken-up and acquired 95.6% of the issued and outstanding O3 Mining shares
    • Agnico Eagle and O3 Mining will enter into an amalgamation agreement under which Agnico Eagle will acquire all remaining O3 Mining shares by way of amalgamation
    • Remaining O3 Mining shares (other than shares held by dissenting shareholders) and warrantholders who exercise their warrants after the amalgamation will receive $1.67 per share in cash
    • Questions or Need Assistance? Contact Laurel Hill Advisory Group for assistance at 1-877-452-7184 or email assistance@laurelhill.com 

    (All amounts expressed in Canadian dollars unless otherwise noted)

    TORONTO, Feb. 4, 2025 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle“) and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) (“O3 Mining“) are pleased to jointly announce the expiry of Agnico Eagle’s board-supported take-over bid (the “Offer“) for all of the outstanding common shares of O3 Mining (the “Common Shares“) for $1.67 in cash per Common Share. Agnico Eagle has taken-up and acquired an aggregate of 114,785,237 Common Shares that were tendered to the Offer, representing approximately 95.6% of the issued and outstanding Common Shares on a basic basis. As a result, as of the date hereof, Agnico Eagle beneficially owns, and exercises control and direction over, an aggregate of 115,842,990 Common Shares, representing approximately 96.5% of the issued and outstanding Common Shares on a basic basis. This includes the additional 4,360,806 Common Shares (the “Deposited Shares“) tendered to the Offer during the mandatory 10-day extension period that expired at 11:59 p.m. (EST) on February 3, 2025. The aggregate consideration payable for the Deposited Shares is $7,282,546. Agnico Eagle will pay for the Deposited Shares by February 6, 2025.

    Subsequent Acquisition Transaction

    Agnico Eagle Abitibi Acquisition Corp., a wholly-owned subsidiary of Agnico Eagle, and O3 Mining will amalgamate under the Business Corporations Act (Ontario) (the “Amalgamation“), with the amalgamated entity (“Amalco“) becoming a wholly-owned subsidiary of Agnico Eagle. The Amalgamation will constitute the subsequent acquisition transaction contemplated by the Offer (the “Subsequent Acquisition Transaction“), by which Agnico Eagle will acquire ownership of 100% of the Common Shares.

    Each O3 Mining shareholder (other than Agnico Eagle and any O3 Mining shareholder who validly exercises dissent rights in relation to the Amalgamation) will, upon completion of the Amalgamation, receive one redeemable preferred share of Amalco (each, a “Redeemable Preferred Share“) for each Common Share held immediately prior to the effective time of the Amalgamation. The Redeemable Preferred Shares will be automatically redeemed effective immediately following the effective time of the Amalgamation for $1.67 in cash per Redeemable Preferred Share (the “Redemption Consideration“) held immediately prior to the effective time of the Amalgamation. The Redemption Consideration is the same as the consideration that was offered to O3 Mining shareholders under the Offer.

    The Amalgamation must be approved by (i) at least two-thirds of the votes cast by O3 Mining shareholders at a special meeting of O3 Mining shareholders (the “Meeting“) and (ii) a simple majority of the votes cast by O3 Mining shareholders at the Meeting, excluding votes from O3 Mining shareholders required to be excluded by Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101“). As Agnico Eagle beneficially owns, and exercises control and direction over, Common Shares carrying more than two-thirds of the votes attached to all of the issued and outstanding Common Shares and the Common Shares taken-up and acquired under the Offer represent more than a majority of the votes attached to the Common Shares that may be voted in the “minority” vote under MI 61-101, Agnico Eagle is able to ensure the successful outcome of the shareholder votes in respect of the Amalgamation. The O3 Mining board recommends that O3 Mining shareholders vote FOR the Amalgamation.

    Additional information regarding the terms of the amalgamation agreement and the Amalgamation will be provided in the management information circular of O3 Mining (the “Circular“) for the Meeting. It is anticipated that the Circular will be mailed to O3 Mining shareholders in February 2025 and the Meeting will be held in March 2025. Copies of the amalgamation agreement and the Circular will be made available on O3 Mining’s issuer profile on SEDAR+ at www.sedarplus.ca.

    The Amalgamation is expected to close prior to March 31, 2025. Following completion of the Amalgamation, the Common Shares will be de-listed from the TSX Venture Exchange and O3 Mining will make an application to the Ontario Securities Commission to cease to be a reporting issuer under Canadian securities laws. Upon O3 Mining ceasing to be a reporting issuer, O3 Mining will no longer be subject to the ongoing continuous disclosure and reporting obligations currently imposed on O3 Mining as a reporting issuer and will be a private company that is wholly-owned by Agnico Eagle.

    Information for Warrantholders

    Certain Common Share purchase warrants of O3 Mining (the “Warrants“) remain issued and outstanding, which are governed in accordance with the warrant indenture dated August 28, 2024 between O3 Mining and Odyssey Trust Company, as warrant agent. These Warrants are exercisable at $1.45 per Warrant until August 28, 2026. O3 Mining intends to enter into a supplemental indenture to provide that holders of such Warrants will receive, on exercise of their Warrants in lieu of Common Shares, $1.67 in cash following the Amalgamation.

    Updated Early Warning Disclosure Regarding O3 Mining

    Immediately prior to the take-up of the Deposited Shares under the Offer, Agnico Eagle beneficially owned, and exercised control and direction over, 111,482,184 Common Shares, representing approximately 92.9% of the issued and outstanding Common Shares on a basic basis, and 270,000 Warrants exercisable for an aggregate of 270,000 Common Shares at an exercise price of $1.45 per Warrant. In addition, Agnico Eagle holds a convertible senior unsecured debenture in the principal amount of $10,000,000 dated June 19, 2023 (the “Convertible Debenture“). Assuming the full exercise of all Warrants held by Agnico Eagle and the full conversion of the Convertible Debenture immediately prior to the take-up of Deposited Shares under the Offer, Agnico Eagle would beneficially own, and exercise control and direction over, 116,630,233 Common Shares, representing approximately 93.1% of the issued and outstanding Common Shares on a partially-diluted basis.

    Agnico Eagle acquired an additional 4,360,806 Deposited Shares pursuant to the Offer during the mandatory 10-day extension period, representing all of the Common Shares validly deposited and not withdrawn as of 11:59 p.m. (EST) on February 3, 2025, for aggregate consideration of $7,282,546 in cash. As a result, as of the date hereof, Agnico Eagle beneficially owns, and exercises control and direction over, an aggregate of 115,842,990 Common Shares, representing approximately 96.5% of the issued and outstanding Common Shares on a basic basis. Assuming the full exercise of all Warrants held by Agnico Eagle and the full conversion of the Convertible Debenture, Agnico Eagle would beneficially own, and exercise control and direction over, 120,991,039 Common Shares, representing approximately 96.6% of the issued and outstanding Common Shares on a partially-diluted basis.

    An early warning report in respect of the foregoing will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact:

    Agnico Eagle Mines Limited
    c/o Investor Relations
    145 King Street East, Suite 400
    Toronto, Ontario M5C 2Y7
    Telephone: 416-947-1212
    Email: investor.relations@agnicoeagle.com

    Agnico Eagle’s head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. O3 Mining’s head office is located at 155 University Avenue, Suite 1440, Toronto, Ontario M5H 3B7.

    Advisors

    Edgehill Advisory Ltd. is acting as financial advisor to Agnico Eagle. Davies Ward Phillips & Vineberg LLP is acting as legal advisor to Agnico Eagle.

    Maxit Capital is acting as financial advisor to O3 Mining. Bennett Jones LLP is acting as legal advisor to O3 Mining. Fort Capital is acting as financial advisor to the Special Committee of independent directors of O3 Mining. Cassels Brock & Blackwell LLP is acting as legal advisor to the Special Committee.

    Odyssey Trust Company will act as depositary for the Amalgamation and Laurel Hill Advisory Group is acting as information agent. If you have any questions or require assistance, please contact Laurel Hill Advisory Group, by phone at 1-877-452-7187 or by e-mail at assistance@laurelhill.com.

    About O3 Mining Inc.

    O3 Mining Inc. is a gold explorer and mine developer in Québec, Canada, adjacent to Agnico Eagle’s Canadian Malartic mine. O3 Mining owns a 100% interest in all its properties (128,680 hectares) in Québec. Its principal asset is the Marban Alliance project in Québec, which O3 Mining has advanced over the last five years to the cusp of its next stage of development, with the expectation that the project will deliver long-term benefits to stakeholders.

    About Agnico Eagle Mines Limited

    Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico, with a pipeline of high-quality exploration and development projects. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

    Cautionary Note Regarding Forward-Looking Information

    This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation that is based on current expectations, estimates, projections, and interpretations about future events as at the date of this news release. Forward-looking information and statements are based on estimates of management by O3 Mining and Agnico Eagle, at the time they were made, and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information or statements. Forward-looking statements in this news release include, but are not limited to, statements regarding: the structure, consideration, timing and completion (if at all) of the Subsequent Acquisition Transaction; the ability of Agnico Eagle to complete the Subsequent Acquisition Transaction to acquire 100% of O3 Mining by way of the Amalgamation (if at all); and the timing of the mailing of the Circular, the Meeting and completing the Amalgamation. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include, without limitation, the expectations and beliefs of Agnico Eagle and O3 Mining that any second-step transaction will be successful and the ability to achieve goals, including the integration of the Marban Alliance property to the Canadian Malartic land package and the ability to realize synergies arising therefrom. Agnico Eagle and O3 Mining caution that the foregoing list of material factors and assumptions is not exhaustive. Although the forward-looking information contained in this news release is based upon what Agnico Eagle and O3 Mining believe, or believed at the time, to be reasonable expectations and assumptions, there is no assurance that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither O3 Mining, nor Agnico Eagle nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. O3 Mining and Agnico Eagle do not undertake, and assume no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable law. These statements speak only as of the date of this news release. Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of Agnico Eagle or any of its affiliates or O3 Mining.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

    View original content to download multimedia:https://www.prnewswire.com/news-releases/agnico-eagle-and-o3-mining-announce-subsequent-acquisition-transaction-and-completion-of-offer-302367380.html

    SOURCE Agnico Eagle Mines Limited

    MIL OSI Economics –

  • MIL-OSI Europe: Interim report 2: Report on the National Nuclear New-build Coordinator’s mission regarding the expansion of nuclear power in Sweden – January 2025

    Source: Government of Sweden

    Interim report 2: Report on the National Nuclear New-build Coordinator’s mission regarding the expansion of nuclear power in Sweden – January 2025 – Government.se

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    Report from Ministry of Climate and Enterprise

    Published

    Download:

    The National Nuclear New-build Coordinator’s second interim report
    provides a clarified recommendation on how a programme organisation may be designed. The coordinator recommends the establishment of a stateowned company that invests in new nuclear power capacity. By investing in several projects that get financial support from the state’s financing model, lock-in effects regarding learning can be avoided. In this way, a higher costefficiency and a more responsible use of tax-payers money can be achieved.

    The coordinator also proposes regional cooperation with neighbouring
    countries regarding skills and supply chains.

    The report also provides a follow-up of activities of the National Nuclear
    New-build Coordinator since the previous interim report (June 2024), a
    summary of ongoing activities for new nuclear power and an assessment of
    the possibility to fulfil the goals in the Swedish Government’s roadmap for
    new nuclear power.

    MIL OSI Europe News –

  • MIL-OSI: AT&T extends voice core relationship with Nokia to drive new services, faster deployment times, and operational efficiencies

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    AT&T extends voice core relationship with Nokia to drive new services, faster deployment times, and operational efficiencies

    • Multi-year expansion deal will support AT&T in delivering on its vision of securely providing customer-focused networks and automation that drive new services, faster deployment times, and operational efficiencies.
    • Deal includes Nokia 5G IMS Voice Core and Nokia Digital Operations software.
    • AT&T will utilize Nokia’s voice core applications through the Nokia Cloud Platform to streamline network activities, enhance automation, and minimize manual intervention.

    4 February 2025

    Espoo, Finland – AT&T is extending its voice core relationship with Nokia in a multi-year expansion deal that will support the U.S. operator in delivering on its vision of securely providing customer-focused networks and automation that drive new services, faster deployment times, and operational efficiencies.

    AT&T is evolving its current Nokia IMS Voice Core to include Voice over New Radio (VoNR). The updated IMS Voice Core is a fully cloud-native architecture that enables flexible scaling and increased automation to improve AT&T’s time to market with new services and yield greater cost savings.

    Yigal Elbaz, Senior Vice President, Technology & Network Services at AT&T, said: “With focused execution and investment, AT&T continues to make excellent progress in realizing automation at all levels of its network and service operations. We are pleased to continue our relationship with Nokia to further optimize our network operations and enable new services that better support our customers’ evolving needs.”

    The U.S. operator will utilize Nokia’s voice core applications through the Nokia Cloud Platform (NCP) to streamline network activities, enhance automation, and minimize manual intervention. NCP reflects Nokia’s multi-cloud strategy of providing operators with the infrastructure of their choice.

    AT&T will also use Nokia Digital Operations software solutions, open and designed for multi-vendor networks, to deliver capabilities that automate the design, delivery, and assurance of customer services at scale.

    Raghav Sahgal, President of Cloud and Network Services at Nokia, said: “As a long-time collaborator with AT&T, Nokia fully understands the important journey AT&T is on to enhance automation, reduce complexity, decrease deployment times, and perform operational workflows faster to better serve its customers, and glean more value from its network. Through our network solutions, Nokia will boost AT&T’s network agility, efficiency, and service offerings.”

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

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

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

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

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    The MIL Network –

  • MIL-OSI: Notice of the Annual General Meeting 2025

    Source: GlobeNewswire (MIL-OSI)

    eQ Plc Stock Exchange Release
    4 February 2025, at 8:15 am


    Notice of the Annual General Meeting 2025

    Notice is given to the shareholders of eQ Plc to the Annual General Meeting (the “AGM”) to be held on 25 March 2025 at 5:00 p.m. at Sanoma House’s Eliel meeting room, Töölönlahdenkatu 2, 00100 Helsinki, Finland. The reception of persons who have registered for the meeting will commence at 4:30 p.m. at the meeting venue.

    The AGM will be held as a hybrid meeting in accordance with chapter 5, section 16, subsection 2 of the Finnish Limited Liability Companies Act. As an alternative to participating in the Annual General Meeting at the meeting venue, shareholders can fully exercise their rights during the meeting also via remote connection. Shareholders can exercise their right to vote also by voting in advance. Further attendance instructions, instructions for voting in advance and remote participation are presented in part C of this notice to the AGM.

    Shareholders can ask questions referred to in chapter 5, section 25 of the Finnish Companies Act about the matters to be discussed at the meeting, also in writing before the meeting. Instructions for submitting written questions are presented in this notice under section C.

    A. Matters on the agenda of the AGM

    At the Annual General Meeting, the following matters will be considered:

    1. Opening of the meeting

    2. Calling the meeting to order

    3. Election of persons to scrutinise the minutes and persons to supervise the counting of votes

    4. Recording the legality of the meeting

    5. Recording the attendance at the meeting and adoption of the list of votes

    6. Presentation of the annual accounts, report of the Board of Directors and auditors’ report for the year 2024

    – Presentation of the review by the CEO

    The annual accounts, report of the Board of Directors and the auditors’ report published by the Company will be available no later than 4 March 2025 on the Company’s website www.eq.fi.

    7. Adoption of the annual accounts

    8. Resolution on the use of the profit shown on the balance sheet and the payment of dividend

    The distributable means of the parent company on 31 December 2024 totalled EUR 57,409,143.02. The sum consisted of retained earnings of EUR 31,984,573.28 and the means in the reserve of invested unrestricted equity of EUR 25,424,569.74.

    The Board of Directors proposes to the Annual General Meeting that a dividend of EUR 0.66 per share be paid out. The proposal corresponds to a dividend totalling EUR 27,328,750.68 calculated with the number of shares at the close of the financial year. The dividend will be paid out in two separate installments.

    The first installment, EUR 0.33 per share shall be paid to those shareholders who are registered as shareholders in eQ Plc’s shareholder register maintained by Euroclear Finland Ltd on the record date of the dividend payment on 27 March 2025. The Board proposes 3 April 2025 as the payment date of the first installment of the dividend. 

    The second installment, EUR 0.33 per share shall be paid in October 2025. The second installment shall be paid to those shareholders who are registered as shareholders in eQ Plc’s shareholder register maintained by Euroclear Finland Ltd on the record date of the divided payment. The Board shall decide the record date and the payment date of the second installment of the divided in its meeting in September 2025. It is contemplated that the record date of the second installment will be 7 October 2025 and that the payment date will be 14 October 2025. 

    After the end of the financial period, no essential changes have taken place in the financial position of the company. The Board of Directors feel that the proposed distribution of dividend does not endanger the liquidity of the company.

    9. Resolution on the discharge of the members of the Board of Directors and the CEOs from liability for the financial year 1 January – 31 December 2024

    10. Handling of the Remuneration Report for Governing Bodies

    The Remuneration Report for Governing Bodies shall be available on the company’s website www.eq.fi/en/about-eq-group/hallinnointi/yhtiokokoukset no later than 4 March 2025.

    11. Handling of the Remuneration Policy for Governing Bodies

    The Remuneration Policy for the company’s governing bodies was previously presented to the Annual General Meeting in 2021. The Remuneration Policy must be presented to the general meeting at least every four years or whenever substantial changes have been made to it.

    The Board of Directors presents the Remuneration Policy for Governing Bodies to the Annual General Meeting for adoption by an advisory decision. The Remuneration Policy for Governing Bodies shall be published together with the Annual Report by a stock exchange release and it will be available on the company’s website https://www.eq.fi/en/about-eq-group/hallinnointi/yhtiokokoukset no later than 4 March 2025.

    12. Resolution on the remuneration of the members of the Board of Directors

    Shareholders of eQ Plc, who control over 60 per cent of the outstanding shares and votes, propose that the Chair of the Board of Directors receives 5,000 euros per month, Vice Chair of the Board of Directors receives 4,000 euros per month and the members of the Board of Directors receive 3,000 euros per month. In addition, a compensation of 750 euros per meeting is proposed to be paid for all the Board members for each attended Board meeting and travel and accommodation expenses are reimbursed according to the guidelines of eQ Plc.

    13. Resolution on the number of members of the Board of Directors

    Shareholders of eQ Plc, who control over 60 per cent of the outstanding shares and votes, have made a proposal that the number of the Board members remain unchanged, i.e. that six persons be on the Board of Directors, or five persons, if a person proposed by the Shareholders is prevented from being a Board member of the company.

    14. Election of the members of the Board of Directors

    Shareholders, who control over 60 per cent of the outstanding shares and votes, have made a proposal that the current Board members Päivi Arminen, Nicolas Berner, Georg Ehrnrooth, Janne Larma and Tomas von Rettig are re-elected to the Board of Directors and Caroline Bertlin will be elected as a new member to the Board. If one of the persons proposed by the Shareholders is prevented from being a Board member of the company, such persons who are not prevented from being Board members. The term of office of the Board members ends at the close of the next Annual General Meeting.

    Caroline Bertlin (born 1978) is an experienced business leader with vast experience in the Nordics and internationally. Bertlin is based and has spent most of her career in Sweden. Currently she is engaged in strategy and funding of energy infrastructure for Nordion Energi. Prior to that she was the CEO of Nordisk Renting and Managing Director in NatWest Structured Finance (2016-2023). Previously she worked as Head of Restructuring, Turnaround CEO and Project Lead for Strategic projects in the NatWest Group (2009-2015). Earlier experience includes portfolio management and analyst positions within banking and alternative investments. In addition, she is a member of the Board of Nordisk Renting AB (2016-). Caroline Bertlin holds a Master of Science (Economics) degree from Hanken School of Economics.

    All nominees have given their consent to the proposal. In addition, the nominees have indicated that on selection, they will select Georg Ehrnrooth as Chair of the Board of Directors.

    Member candidates’ resumes and independence assessments are available on the company’s website: www.eq.fi/en/about-eq-group/hallinnointi/yhtiokokoukset.

    15. Resolution on the remuneration of the auditor

    The Board of Directors proposes that the auditor to be elected be paid remuneration according to the auditor’s invoice approved by eQ Plc.

    16. Election of auditor

    The Board of Directors proposes, that for a term ending at the end of the Annual General Meeting 2026, Authorized Public Accountants KPMG Oy Ab be elected auditor of the Company. The auditor has stated that the auditor with main responsibility will be Tuomas Ilveskoski, APA, Authorized Sustainability Auditor.

    17. Resolution on the remuneration of the sustainability auditor

    The Board of Directors proposes that the sustainability auditor to be elected be paid remuneration according to the auditor’s invoice approved by eQ Plc.

    18. Election of sustainability auditor

    For the financial year 2025, the company must prepare its first sustainability report in accordance with the EU Sustainability Reporting Directive, CSRD, and relevant national legislation.

    The Board of Directors proposes, that for a term ending at the end of the Annual General Meeting 2026, Authorized Public Accountants KPMG Oy Ab be elected sustainability auditor of the Company. KPMG has stated that the sustainability auditor with main responsibility will be Tuomas Ilveskoski, APA, Authorized Sustainability Auditor.

    19. Establishment of a Shareholders’ Nomination Board

    The Board of Directors proposes that the Annual General Meeting establishes a Shareholders’ Nomination Board whose task is to prepare proposals concerning the number of members of the Board of Directors and the Board’s composition and remuneration to the General Meeting.

    According to the proposal, the Shareholders’ Nomination Board comprises of four members and four largest shareholders of the Company may each appoint a member.

    The right to appoint a member belongs to the four shareholders who, as of the last day of June preceding the next Annual General Meeting, have the largest share of the total voting rights of the Company’s shares, taking into account those shareholders whose holdings should be aggregated subject to the obligation to notify major holdings.

    The Board of Directors proposes that the Annual General Meeting adopts the Charter for the Shareholders’ Nomination Board. The Board’s proposal for the Company’s Charter for the Shareholders’ Nomination Board is available on the Company’s website: www.eq.fi/en/about-eq-group/hallinnointi/yhtiokokoukset.

    20. Authorising the Board of Directors to decide on the issuance of shares as well as the issuance of special rights entitling to shares

    The Board of Directors proposes that the AGM authorises the Board of Directors to decide on a share issue or share issues and/or the issuance of special rights entitling to shares referred to in Chapter 10 Section 1 of the Companies Act, comprising a maximum total of 3,500,000 new shares. The amount of the proposed authorisation corresponds to approximately 8.45 per cent of all shares in the Company at the time of this Notice of the AGM.

    The authorisation is proposed to be used in order to finance or carry out potential acquisitions or other business transactions, to strengthen the balance sheet and the financial position of the Company, to fulfill Company’s incentive schemes or to any other purposes decided by the Board. Fifty per cent of the shares or special rights entitling to shares issued on the basis of the authorisation may be used to implement incentive schemes or otherwise for remuneration. It is proposed that based on the authorization, the Board decides on all other matters related to the issuance of shares and special rights entitling to shares referred to in Chapter 10 Section 1 of the Companies Act, including the recipients of the shares or the special rights entitling to shares and the amount of the consideration to be paid. Therefore, based on the authorisation, shares or special rights entitling to shares may also be issued directed i.e. in deviation of the shareholders pre-emptive rights as described in the Companies Act. A share issue may also be executed without payment in accordance with the preconditions set out in the Companies Act.

    The authorisation will cancel all previous authorisations to decide on the issuance of shares as well as the issuance of special rights entitling to shares and is effective until the next Annual General Meeting, however no more than 18 months.

    21. Closing of the meeting

    B. Documents of the AGM

    This notice to the Annual General Meeting, that contains all decision proposals on the agenda of the AGM, is available to shareholders on eQ Plc’s website at www.eq.fi/en/about-eq-group/hallinnointi/yhtiokokoukset. eQ Plc’s Annual Report, containing the Company’s annual accounts, the report of the Board of Directors and the auditors’ report together with the Remuneration Report for Governing Bodies and the Remuneration Policy for Governing Bodies is available on the said website no later than 4 March 2025. The proposals for resolutions and other previously mentioned documents will also be available at the AGM.

    The Minutes of the Annual General Meeting will be available on the company’s website no later than 8 April 2025.

    C. Instructions to the participants of the AGM

    1. Shareholders registered in the shareholders’ register (Finnish book-entry account)

    Each shareholder, who is registered on the record date of the Annual General Meeting 13 March 2025 in the Company’s register held by Euroclear Finland Oy, has the right to participate in the Annual General Meeting. A shareholder, whose shares are registered on their personal Finnish book-entry account is automatically registered in the shareholders’ register of the Company. Changes in share ownership after the record date of the AGM do not affect the right to participate in the meeting or the shareholder’s number of votes.

    Registration for the AGM will begin on 25 February 2025 at 10 am. A shareholder, who is registered in the shareholders’ register of the Company and who wants to participate in the Annual General Meeting, must register for the AGM no later than 18 March 2025 by 4:00 pm by which time the registrations must be received.  Shareholders may register to the meeting:

    a) Via the website www.eq.fi/en/about-eq-group/hallinnointi/yhtiokokoukset

    Online registration require that the shareholders or their statutory representatives or proxy representatives use strong electronic authentication either by Finnish, Swedish or Danish bank ID or mobile certificate.

    b) By email agm@innovatics.fi or by mail

    A shareholder who registers by mail or email shall send registration form available on the Company’s website at www.eq.fi/en/about-eq-group/hallinnointi/yhtiokokoukset or corresponding information to Innovatics Oy by mail to Innovatics Oy, Annual General Meeting / eQ Oyj, Ratamestarinkatu 13 A, FI-00520 Helsinki, Finland or by email at agm@innovatics.fi.
    When registering, shareholders shall provide requested information, such as their name, date of birth or Business ID, address, telephone number, email address and the name of any assistant or proxy representative and the date of birth and email address and/or telephone number of any proxy representative. In addition, the shareholder shall inform whether the shareholder or its representative will participate in the AGM at the meeting venue or via a remote connection. The personal data given by the shareholder to the Company or Innovatics Oy will be used only in connection with the Annual General Meeting and with the processing of related necessary registrations.

    The shareholder and their representative or proxy must be able to prove their identity and/or right of representation at the meeting place, if necessary.

    Additional information on the registration is available during the registration period by telephone from Innovatics Oy at +358 10 2818 909 on business days during 9:00 am until 12:00 noon and from 1:00 pm until 4:00 pm.

    2. Holders of nominee-registered shares

    A holder of nominee-registered shares has the right to participate in the Annual General Meeting by virtue of such shares, based on which they on the record date of the Annual General Meeting 13 March 2025 would be entitled to be registered in the shareholders’ register of the Company held by Euroclear Finland Oy. Participation in the AGM also requires that the shareholder has been registered on the basis of such shares in the temporary shareholders’ register held by Euroclear Finland Oy at the latest by 20 March 2025 by 10:00 am. As regards nominee-registered shares this constitutes due registration for the AGM. Changes in the ownership of shares after the record date of the Annual General Meeting do not affect the right to participate in the AGM nor the number of votes of the shareholder.

    A holder of nominee-registered shares is advised to request without delay the necessary instructions regarding the temporary registration in the shareholders’ register, the remote participation or participation at the meeting venue, advance voting, the issuing of proxy documents and voting instructions and registration for the Annual General Meeting from their custodian. The account manager of the custodian shall temporarily register a holder of nominee-registered shares, who wants to participate in the Annual General Meeting, in the shareholders’ register of the Company at the latest by the time stated above and, if necessary, take care of advance voting on behalf of a holder of nominee-registered shares, at the latest prior to the end of the registration period for the holders of nominee-registered shares.  

    A holder of nominee-registered shares who has registered for the General Meeting may also participate in the meeting in real time using telecommunication connection and technical means. In addition to the temporary registration in the company’s shareholders’ register, the real-time participation in the meeting requires the submission of the shareholder’s email address and telephone number and, if necessary, a proxy document and other documents necessary to prove the right of representation to by regular mail to Innovatics Oy, Yhtiökokous/eQ Oyj, Ratamestarinkatu 13 A, FI-00520 Helsinki, Finland or by email to agm@innovatics.fi before the end of the registration period for the holders of nominee registered shares, so that the shareholders can be sent a participation link and password to participate in the meeting. If a holder of nominee-registered shares has authorised their custodian to cast advance votes on their behalf, such advance votes will be taken into account as advance votes of the nominee-registered shareholder at the AGM, unless the holder of nominee-registered shares votes otherwise at the AGM.

    3. Proxy representatives and powers of attorney

    A shareholder may participate in the Annual General Meeting and exercise its rights at the meeting by way of proxy representation. A shareholder’s proxy representative may also register for the AGM and vote in advance as described in this notice. The online registration and advance voting of a statutory or a proxy representative require that the statutory representatives or the proxy representatives identify themselves to the electronic registration and voting service at the Company’s website www.eq.fi/en/about-eq-group/hallinnointi/yhtiokokoukset in person by using strong electronic authentication either by Finnish, Swedish or Danish bank ID or mobile certificate, after which they may continue with the registration and voting on behalf of the shareholder they represent.

    Proxy representative of the shareholder shall in connection with the registration present a dated proxy document or otherwise in a reliable manner demonstrate their right to represent the shareholder. An example of the proxy document and voting instructions is available at the Company’s website www.eq.fi/en/about-eq-group/hallinnointi/yhtiokokoukset on 7 February 2025, 9:00 am, the latest. Should a shareholder participate in the Annual General Meeting by means of several proxy representatives representing the shareholder with shares in different book-entry accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration.

    The possible proxy documents should be delivered primarily as an attachment in connection with electronic registration or alternatively to agm@innovatics.fi before the closing of the registration. In addition to the delivery of proxies, the shareholder or their proxy must take care of registering for the AGM as described above in this notice.

    Shareholders that are legal entities may also, as an alternative to traditional proxy authorisation documents, use the electronic Suomi.fi authorisation service for authorising their proxy representatives. The representative is mandated in the Suomi.fi service at www.suomi.fi/e-authorizations (using the authorisation topic “Representation at the General Meeting”). When registering for the AGM in the virtual general meeting service provided by Inderes Plc, authorised representatives shall identify themselves with strong electronic authentication, after which the electronic mandate is automatically verified. The strong electronic authentication takes place with personal online banking credentials or a mobile certificate. For more information, see www.suomi.fi/e-authorisations.

    4. Remote participation in the meeting

    A shareholder who has the right to participate in the Annual General Meeting can participate in the meeting not only by participating in the AGM at the meeting venue but also, shareholders may use their rights in full and in real-time during the meeting via remote connection.

    Due to the limited space at the meeting venue, the shareholder’s or proxy’s notification of participation in the AGM via remote connection is binding, and the shareholder or proxy does not have the right to change the method of participation or participate in the meeting at the meeting place after the registration period has expired. However, the shareholder’s representative’s notification of participation via remote connection does not limit the right of shareholder’s other representatives to participate in the meeting at the meeting place.

    A shareholder or proxy who has registered to participate in the AGM at the meeting venue can change their participation to remote participation. There is no need to inform the company about this separately. Remote participation takes place via the remote participation link sent to the phone number and/or email address provided when registering for the AGM.

    The remote connection to the AGM is provided through Inderes Plc’s virtual general meeting service on the Videosync platform, which includes a video and audio connection to the Annual General Meeting. Participating via the remote connection does not require paid software or downloads. In addition to an internet connection, participation requires a computer, smartphone or tablet with speakers or headphones for sound reproduction and a microphone for asking oral questions or speaking turns. To participate, it is recommended to use the latest versions of the most common browser programs in use.

    The participation link and password for remote participation will be sent by email and/or text message to the email address and/or mobile phone number provided during registration to all those registered for the Annual General Meeting no later than the day before the meeting. Thus, advance voters and shareholders who have registered to attend the General Meeting at the venue may also participate in the General Meeting remotely via telecommunication if they so wish.  It is recommended to log into the meeting system well in advance of the meeting’s start time.

    More detailed information about the general meeting service can be found on the company’s website www.eq.fi/en/about-eq-group/hallinnointi/yhtiokokoukset. The link to test the compatibility of a computer, smartphone or tablet and the network connection can be found at https://b2b.inderes.com/fi/knowledge-base/yhteensopivuuden-testaaminen. It is recommended that you familiarise yourself with the more detailed participation instructions before the start of the AGM.

    5. Voting in advance

    Shareholders whose shares are registered on their Finnish book-entry account may vote in advance on certain items on the agenda of the AGM during the period between 25 February 2025 10:00 a.m. – 18 March 2025 at 4:00 p.m. in the following ways: 

    a) Via the website www.eq.fi/en/about-eq-group/hallinnointi/yhtiokokoukset

    Advance voting requires that the shareholders or their statutory representatives or proxy representatives use strong electronic authentication either by Finnish, Swedish or Danish bank ID or mobile certificate.

    b) By email agm@innovatics.fi or by mail

    A shareholder or its statutory representative who votes in advance by mail or email shall send the voting form available on the Company’s website at www.eq.fi/en/about-eq-group/hallinnointi/yhtiokokoukset or corresponding information to Innovatics Oy by mail to Innovatics Oy, Annual General Meeting / eQ Oyj, Ratamestarinkatu 13 A, FI-00520 Helsinki, Finland or by email at agm@innovatics.fi.  Advance votes must be received by the time the advance voting period ends. Submitting advance votes by mail or email to Innovatics Oy before the due date of the registration period and advance voting constitutes due registration for the AGM provided that the information required above for registration is provided in connection with the advance voting form.

    A shareholder who has voted in advance and who wants to use their right to present questions under the Companies Act, demand a vote or vote on a possible counter-proposal, must attend the general meeting in person or have their proxy representative participate in the AGM using the remote connection. The votes cast by those who have voted in advance will be taken into account in the decision-making of the General Meeting, regardless of whether they participate in the General Meeting remotely or at the meeting venue or not. If they participate remotely or at the meeting location, they have the opportunity to change their advance votes during the meeting, if they wish, when a vote takes place.

    For holders of nominee-registered shares, advance voting is carried out via the account manager of the custodian. The account manager may vote in advance on behalf of the holders of nominee-registered shares that they represent in accordance with the voting instructions provided by the holders of nominee registered shares during the registration period for the holders of nominee-registered shares.

    A proposal subject to advance voting is deemed to have been presented without amendments at the AGM. Conditions related to the electronic advance voting and other related instructions are available on the Company’s website at www.eq.fi/en/about-eq-group/hallinnointi/yhtiokokoukset.

    6. Other instructions/information

    The meeting shall be held in Finnish.

    Shareholders who are present at the meeting shall have a right to present questions referred to in Chapter 5, Section 25 of the Companies Act with respect to the matters to be considered at the Annual General Meeting.

    A shareholder may present questions referred to in Chapter 5, Section 25 of the Companies Act with respect to the matters to be considered at the Annual General Meeting by 11 March 2025 at 4:00 pm at the online registration service or by email to eQ.Yhtiokokous@eq.fi. The company’s management generally answers such questions submitted in writing in advance at the AGM or no later than two weeks after the general meeting on the company’s website. When presenting a question to the Annual General Meeting, the shareholder must provide sufficient information about their shareholding upon request.

    On the date of this notice, 4 February 2025, the total number of eQ Plc’s shares and votes is 41,407,198. The Company does not hold its own shares.

    Helsinki, 4 February 2025

    eQ Plc
    Board of Directors

    Additional information: Juha Surve, Group General Counsel, tel. +358 9 6817 8733

    Distribution: Nasdaq Helsinki, www.eQ.fi

    eQ Group is a Finnish group of companies specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and individuals. The assets managed by the Group total approximately EUR 13.4 billion. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets.

    More information about the Group is available on our website at www.eQ.fi.

    The MIL Network –

  • MIL-OSI: eQ Plc’s financial statements release 2024 – eQ’s operating profit EUR 34.5 million, proposed dividend EUR 0.66

    Source: GlobeNewswire (MIL-OSI)

    eQ Plc financial statements release
    4 February 2025 at 8:00 AM
      

    January to December 2024 in brief

    • During the period under review, the Group’s net revenue totalled EUR 65.6 million (EUR 70.9 million from 1 Jan. to 31 Dec. 2023). The Group’s net fee and commission income was EUR 63.8 million (EUR 70.8 million). 
    • The Group’s operating profit fell by 13% to EUR 34.5 million (EUR 39.7 million).
    • The Group’s profit was EUR 27.4 million (EUR 31.5 million).
    • The consolidated earnings per share were EUR 0.66 (EUR 0.78).
    • The net revenue of the Asset Management segment decreased by 13% to EUR 58.5 million (EUR 66.9 million) and the operating profit by 19% to EUR 33.7 million (EUR 41.4 million). The management fees of the Asset Management segment fell by 10% to EUR 55.6 million (EUR 62.0 million) and the performance fees fell by 35% to EUR 3.6 million (EUR 5.4 million). During the review period, the assets managed by eQ Asset Management grew by 4% to EUR 13.4 billion (EUR 12.9 billion on 31 Dec. 2023).
    • The net revenue of the Corporate Finance segment was EUR 5.3 million (EUR 3.9 million) and the operating profit was EUR 1.5 million (EUR 0.7 million).
    • The operating profit of the Investments segment was EUR 1.1 million (EUR -0.6 million).
    • The net cash flow from the Group’s own private equity and real estate fund investment operations was EUR 0.8 million (EUR -0.1 million).
    • The proposed dividend is EUR 0.66 (EUR 0.80) per share.

    October to December 2024 in brief

    • In the last quarter, the Group’s net revenue totalled EUR 14.8 million (EUR 18.5 million from 1 Oct. to 31 Dec. 2023). The Group’s net fee and commission income was EUR 14.0 million (EUR 19.3 million).
    • The Group’s operating profit fell by 29% to EUR 6.9 million (EUR 9.8 million).
    • The Group’s profit was EUR 5.5 million (EUR 7.8 million).
    • The consolidated earnings per share were EUR 0.13 (EUR 0.19).
    • In the final quarter the net revenue of the Asset Management segment decreased by 22% to EUR 13.0 million (EUR 16.6 million) and the operating profit by 29% to EUR 6.9 million (EUR 9.7 million). The decrease in operating profit in the final quarter of the year was affected by the write-down of one Private Equity fund’s accrued performance fee (EUR 1.8 million).
    Key ratios 1-12/24 1-12/23 Change 10-12/24 10-12/23 Change
    Net revenue, Group, MEUR 65,6 70,9 -7 % 14,8 18,5 -20 %
    Net revenue, Asset Management, MEUR 58,5 66,9 -13 % 13,0 16,6 -22 %
    Net revenue, Corporate Finance, MEUR 5,3 3,9 34 % 1,0 2,7 -63%
    Net revenue, Investments, MEUR 1,1 -0,6 287 % 0,6 -1,0 164 %
    Net revenue, Group administration and eliminations            
    Net revenue, MEUR 0,8 0,6   0,1 0,2  
                 
    Operating profit, Group, MEUR 34,5 39,7 -13 % 6,9 9,8 -29%
    Operating profit, Asset Management, MEUR 33,7 41,4 -19 % 6,9 9,7 -29%
    Operating profit, Corporate Finance, MEUR 1,5 0,7 125 % 0,0 1,6 -97 %
    Operating profit, Investments, MEUR 1,1 -0,6 287 % 0,6 -1,0 164 %
    Operating profit, Group administration, MEUR -1,8 -1,7   -0,6 -0,5  
                 
    Profit for the period, MEUR 27,4 31,5 -13 % 5,5 7,8 -29%
    Key ratios 1-12/24 1-12/23 Change 10-12/24 10-12/23 Change
    Earnings per share, EUR 0,66 0,78 -14 % 0,13 0,19 -30%
    Proposed dividend per share, EUR 0,66 0,80 -18%      
    Equity per share, EUR 1,77 1,85 -4 % 1,77 1,85 -4 %
    Cost/income ratio, Group, % 47,4 43,8 8 % 53,3 47,1 13 %
                 
    Liquid assets, MEUR 17,0 33,4 -49 % 17,0 33,4 -49 %
    Private equity and real estate fund investments, MEUR 17,0 16,6 3 % 17,0 16,6 3 %
    Interest-bearing loans, MEUR 0,0 0,0 0 % 0,0 0,0 0 %
                 
    Assets under management excluding reporting services, EUR billion 10,4 10,0 4 % 10,4 10,0 4 %
    Assets under management, EUR billion 13,4 12,9 4 % 13,4 12,9 4 %

    Acting CEO Janne Larma

    The global economy has been rather sluggish during 2024, and economic growth in the euro area in particular has been modest. During the year, the European Central Bank cut its key interest and deposit rates four times, with the deposit rate standing at 3.0% at the end of the year. Europe’s core inflation and inflation outlook have fallen, and the European economy is expected to recover rather slowly, leading markets to expect deposit rates to fall to around 2% in 2025. On the other hand, in the US, the economy is growing and performing well, and inflation is not expected to fall significantly. For these reasons, interest rates in the US are significantly higher than in Europe.

    Policy easements made by central banks and economic growth in the US in particular set the stage for a strong stock market in 2024. The strong rise in the US (33%) boosted the indices tracking global developed markets (27%). The positive performance of emerging markets (15%) was boosted by the China’s rise in the second half of the year. In Europe, stock price indices rose less (9%), and Nordic share prices fell slightly.

    In the interest rate markets, returns were positive, both for short-term interest rates and long-term interest rates. High Yield Corporate Bonds were the best performers last year, returning over eight per cent.

      
    eQ’s result for the financial period fell

    The net revenue of the Group during the period under review was EUR 65.6 million and the operating profit was EUR 34.5 million. Net revenue fell by 7% and operating profit by 13% from the previous year.

    eQ Asset Management’s profit fell, assets under management increased

    During the period under review, the net revenue of the Asset Management segment fell by 13 per cent to EUR 58.5 million. The decrease in net revenue, EUR 8.4 million, is explained by real estate asset management’s lower management fees compared to the previous year. In contrast, management fee income from both traditional and Private Equity asset management increased from last year, by 6% for traditional and 8% for Private Equity. During the review period, eQ Asset Management’s operating profit fell by 19 per cent to EUR 33.7 million. In addition to the above-mentioned factors, the decrease in operating profit was affected by a write-down of EUR 1.8 million on the accrued performance fee of one Private Equity fund.

    As for sales, the year 2024 was good in private equity asset management. In 2024, Private Equity funds were raised to the eQ PE XVI North fund investing in Northern Europe and the eQ PE SF V and eQ VC II funds. We raised over EUR 360 million in these three funds, which is an excellent result. For traditional asset management, assets under management increased by almost EUR 300 million, or 8%, compared to the end of 2023. In real estate asset management, the challenging market situation contributed to a decrease of over EUR 200 million in assets under management.

    eQ focuses more and more on sustainability every year and it is a key part of our investment activities. We received excellent marks, including in the PRI assessment, where we outperformed our peer group and received full five stars in five sections. In addition, in the GRESB survey of the real estate sector, both our real estate funds performed better than both the overall respondents and the eQ peer group averages. eQ Community Properties even came out on top of its peer group.

    eQ Asset Management usage rose in the 2024 SFR survey and 68% of the 100 or so largest institutional investors in Finland use eQ’s services. In alternative investments – real estate and private equity in eQ’s case – eQ was by far the most used asset manager. eQ’s quality rating declined in 2024, which the study attributes primarily to weaker investment returns in the real estate segment. Our goal is to rise back to the forefront of quality.

    The Financial Supervisory Authority (FIN-FSA) conducted an inspection of eQ Fund Management Company, and we received the inspection report last year. The FIN-FSA’s job description includes conducting inspections at intervals and the inspection was part of FIN-FSA’s normal operations. It had been more than ten years since eQ’s previous inspection. The report raised observations that we have reviewed in good cooperation with FIN-FSA and all necessary actions have been implemented over the last year. I dare to say that inspections of this type are useful for both operations and for cooperation with authorities.

    Advium’s profit grew

    Advium managed to increase its net revenue, despite a decrease in the number of mergers and acquisitions in Finland compared to the previous year and very low activity in the real estate market. During the period under review, Advium’s net revenue totalled EUR 5.3 million (EUR 3.9 million). Operating profit was EUR 1.5 million (EUR 0.7 million).

    During 2024, Advium acted as advisor in four published M&A transactions and one published real estate transaction.  Two of these were public offers, when offers were made for Purmo Group and Innofactor. Advium also advised Aspo Plc on its minority investment in OP Infra Suomi and Forcit on its agreement to acquire part of Orica’s Finnish and Swedish businesses.

    Investment profit and cash flow increased 

    The operating profit of the Investments segment rose from last year and was EUR 1.1 million (EUR -0.6 million). Net cash flow was EUR 0.8 million (EUR -0.1 million). The balance sheet value of the private equity and real estate fund investments at year end was EUR 17.0 million (EUR 16.6 million on 31 Dec. 2023). During the year, eQ Plc made a USD 1 million investment commitment in the eQ PE XVI fund.

    Changes in eQ’s management

    Mikko Koskimies, CEO of eQ Plc and Managing Director of eQ Asset Management Ltd, left these positions at the end of October 2024 due to a serious illness. Koskimies passed away in November. Mikko was a valued colleague and a dear friend. We will all miss Mikko.

    Tero Estovirta, deputy Managing Director of eQ Asset Management Ltd, was appointed Managing Director of eQ Asset Management Ltd and member of the eQ Group’s management team at the end of October. 

    During the review period, Jacob af Forselles was appointed as the Managing Director of Advium Corporate Finance Ltd and as a member to eQ Group’s Management Team. He started in his position at the beginning of August.

    Outlook

    The difficult market situation in the Finnish real estate market continued in 2024. Our assessment is that the real estate market levelled off towards the end of the year and that yield requirements generally stopped rising in the final quarter of the year. However, market liquidity remained at a very low level. The real estate market in general remains challenging. In several Finnish open-ended real estate funds, redemptions have not been completed on time and investors have had to wait for their money. Funds for redemption payments are mainly raised by selling properties and, as the transaction market remains quiet, redemption payments have had to be postponed. Lower interest rates and economic growth are having a positive impact on the real estate market. The market expects interest rates in Europe to continue to fall and the economy to gradually start to recover. If these estimates materialise, we expect 2025 to be a better year for the real estate market than 2024. 

    Due to the current situation, eQ’s real estate fund management fees are expected to decrease in 2025 compared to the previous year.

    Sales of eQ’s Private Equity products has continued to be strong, and we believe that Finnish asset management clients will increase the Private Equity allocations in their portfolios in the coming years. We estimate that eQ’s Private Equity fees will increase in 2025 compared to last year. The exit market for private equity funds was quieter than expected in 2024. As a result, the timing of Private Equity performance fees accruing to eQ has moved forward. Performance fees are expected to increase from 2026 onwards, with a number of private equity products expected to move into the performance fee phase.

    In traditional asset management, we believe we have a good market position. The development of fees is largely dependent on market development.

    ***

    eQ’s financial statements release 1 Jan. to 31 Dec. 2024 is enclosed to this release and it is also available on the company website at www.eQ.fi.

    eQ Plc

    Additional information:
    Janne Larma, acting CEO, tel. +358 9 6817 8920
    Antti Lyytikäinen, CFO, tel. +358 9 6817 8741

    Distribution: Nasdaq Helsinki, www.eQ.fi, media

    eQ Group is a group of companies that concentrates on asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and private individuals. The assets managed by the Group total approximately EUR 13.4 billion. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets. More information about the Group is available on our website www.eQ.fi.

    Attachment

    The MIL Network –

  • MIL-OSI Europe: Minister for Foreign Affairs to visit Copenhagen

    Source: Government of Sweden

    Minister for Foreign Affairs to visit Copenhagen – Government.se

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    Press release from Ministry for Foreign Affairs

    Published

    On 5 February, Minister for Foreign Affairs Maria Malmer Stenergard will travel to Copenhagen for a meeting with Danish Minister for Foreign Affairs Lars Løkke Rasmussen.

    “Sweden and Denmark are close Allies, neighbours and friends. Denmark has just taken over from Sweden as coordinator of the Nordic-Baltic foreign and security policy cooperation format. I look forward to discussing how we can further develop our cooperation to tackle regional and global challenges and advance our positions,” says Ms Malmer Stenergard.

    Topics for the meeting between the foreign ministers will include enhanced regional cooperation, security issues, support to Ukraine and the 25th anniversary of the Öresund Bridge.

    Press contact

    MIL OSI Europe News –

  • MIL-OSI Submissions: TRUMP’S CHINA IMPORT TARIFFS AND MASSIVE OCEAN FREIGHT RATE INCREASES DUE TO RED SEA CONFLICT IS PERFECT STORM FOR US SHIPPERS

    Source: Xeneta

    Oslo, Norway – 3 February 2025 – A delay in tariffs on Mexico imports does little to ease the pain for US shippers still facing a 10% hike on tariffs from China in addition to massive increases in ocean container freight rates due to conflict in the Red Sea.

    Latest data from Xeneta – the ocean and air freight intelligence platform – shows average spot rates from China stand at USD 4 816 per FEU (40ft container) to the US West Coast and USD 6 264 per FEU in to the US East Coast.

    This is an increase of 196% and 157% respectively since the escalation of conflict in the Red Sea in December 2023 and is in addition to tariffs on all China imports coming into effect on 4 February.

    Peter Sand, Xeneta Chief Analyst, said: “US Shippers are being hit by wave after wave of disruption and spiralling costs to import goods.

    “They have already faced massive increases in ocean container freight costs due to conflict in the Red Sea and now they are hit with a 10% hike in tariffs on imports from China.

    “You struggle to see how a business can absorb these costs without increasing prices for the end consumer. Given more than 40% of total containerized imports into the US come direct from China, that is a lot of businesses and a lot of consumers who will be affected.

    “A delay in tariffs on Mexico is welcome news but it does nothing to ease concerns over the re-igniting of the US-China trade war, which represents risk at a different order of magnitude.”

    Sand added that shippers have very few options available to deal with the tariff threat.

    He said: “When Trump announced tariffs on China back in 2018, there was a period of time in which shippers could rush as many imports as possible and build up stock inventories before they came into effect.

    “This time Trump has imposed tariffs almost immediately so if shippers haven’t taken action by now, it’s already too late. Shippers may well look at shifting supply chains out of China into nations such as India or South East Asia, but this takes time, financial investment and deep understanding of market data and intelligence.

    “The ceasefire between Israel and Hamas raised the prospect of a better year for shippers in 2025 if a large scale return of container ships to the Red Sea sees freight rates fall. Trump’s latest move has dented those hopes because any gains a shipper makes through lower freight rates will be more than offset by a 10% increase in tariffs.

    “If China retaliates and we enter another escalating trade war, an already very bad situation will get even worse for US importers.”

    About Xeneta

    Xeneta is the leading ocean and air freight rate benchmarking and market analytics platform transforming the shipping and logistics industry. Xeneta’s powerful reporting and analytics platform provides liner-shipping stakeholders the data they need to understand current and historical market behavior—reporting live on market average and low/high movements for both short and long-term contracts. Xeneta’s data is comprised of +500 million contracted container and air freight rates and covers over 160,000 global ocean trade routes and over 58,000 airport-airport connections. Xeneta is a privately held company with headquarters in Oslo, Norway and regional offices in New Jersey, US and Hamburg. To learn more, please visit www.xeneta.com

    MIL OSI – Submitted News –

  • MIL-OSI United Nations: World News in Brief: WHO chief asks US to reconsider withdrawal, gender parity remains distant goal, call for rethink on Nordic alcohol law change

    Source: United Nations 4

    Health

    The head of the World Health Organization (WHO) said on Monday he would “welcome constructive dialogue” with the United States Government over the decision made by President Donald Trump to withdraw. 

    President Trump’s executive order of 20 January is regrettable “and we hope the US will reconsider,” said WHO Director-General Tedros Adhanom Ghebreyesus, in a speech to the organization’s executive board.

    The WHO chief said he would welcome the opportunity “to preserve and strengthen the historic relationship between WHO and the US.”

    Pushing back on the rationale laid out in the executive order, Tedros said WHO had implemented the deepest and most wide-ranging reforms in its history over the past seven years.

    The US is the biggest donor by far to the agency, accounting for around 14 per cent of its $6.9 billion budget, according to latest WHO figures. 

    Addressing the US complaint that it is paying too much compared to other countries, Tedros said reducing reliance on the US and others who pay the most was a “critical element of our long-term plan to broaden our donor base.”

    COVID record

    Third, he rejected the accusation that WHO had mishandled the COVID-19 pandemic:

    “From the moment we picked up the first signals of ‘viral pneumonia’ in Wuhan, we asked for more information, activated our emergency incident management system, alerted the world, convened global experts, and published comprehensive guidance for countries on how to protect their populations and health systems – all before the first death from this new disease was reported in China on the 11th of January 2020.”

    Tedros also addressed the allegation that WHO lacks independence from “inappropriate political influence” by some Member States: “WHO is impartial and exists to serve all countries and all people,” he said. 

    “Our Member States ask us for many things, and we always try to help as much as we can. But when what they ask is not supported by scientific evidence or is contrary to our mission to support global health, we say no, politely.”

    © UNICEF/Joshua Estey

    A government-run shelter in the Philippines is a safe haven for girls who have been physically and sexually abused and exploited, including through the sex tourism industry. (file)

    A third of women experience physical or sexual violence: Rights experts 

    Approximately one in three women is subjected to physical or sexual violence, and 800 women and girls continue to die every day from preventable causes during pregnancy and childbirth, a top independent rights panel meeting heard on Monday.

    Addressing the Committee on the Elimination of Discrimination Against Women (CEDAW) at the UN in Geneva, Andrea Ori from the UN human rights office, OHCHR, said that the world is “still far” from achieving the goal of gender parity.

    “The global landscape has changed,” she told the CEDAW session.

    Backlash against equal rights

    “We are witnessing a backlash against women’s human rights and gender equality, especially against women’s sexual and reproductive health rights – with an increase in attacks against abortion providers, shrinking civic space for women human rights defenders, and reduced funding.” 

    Mr. Ori noted that 2025 marks 30 years since the universal adoption of the Beijing Declaration and Platform for Action for ensuring women’s human rights and achieving gender equality around the world.  

    It remains the case, however, that sexual violence against women and girls continues to be used as a tactic of war in numerous conflicts, the UN human rights official said, while only 26 per cent of parliamentarians in the world are women and only around three in 10 women have managerial roles at work. 

    One less for the road: Time Europe cut down on booze intake, WHO warns

    The UN World Health Organization (WHO) urged Nordic countries on Monday to keep a lid on alcohol sales, or risk reversing the positive impact of strict regulations put in place years ago.

    For decades, governments in Finland, Iceland, Norway, Sweden and the Faroe Islands have restricted supermarkets and private retailers from selling stronger alcoholic beverages.

    This policy has resulted in some of the lowest alcohol consumption levels in the European Union – which by contrast is the booziest region globally, with drinking habits “largely unchanged” for over 10 years, WHO said.

    Free market pressures

    The Nordic model is now at risk however, from legislative initiatives in the region that signal a potential shift toward privatization of alcohol sales, warned WHO’s Dr. Carina Ferreira-Borges.

    In Sweden, for instance, a court is hearing a challenge to the Government’s exclusive rights to online sales of alcohol, while proposed laws would permit sales of alcoholic beverages in farm shops.

    Dr Ferreira-Borges explained that Nordic countries’ alcohol controls – that involve increasing taxes and raising prices, limiting availability and restricting advertising – have reduced alcohol-related harms. 

    These span from “liver disease, cancers and cardiovascular conditions, to injuries and drownings”, she insisted. 

    MIL OSI United Nations News –

  • MIL-Evening Report: Whether Biden Or Trump, US’ Latin American Policy Will Be Contemptible

    Source: Council on Hemispheric Affairs – Analysis-Reportage

    By John Perry and Roger D. Harris

    Migration, Drugs, and Tariffs.

    With Donald Trump as the new US president, pundits are speculating about how US policy towards Latin America might change.

    In this article, we look at some of the speculation, then address three specific instances of how the US’s policy priorities may be viewed from a progressive, Latin American perspective. This leads us to a wider argument: that the way these issues are dealt with is symptomatic of Washington’s paramount objective of sustaining the US’s hegemonic position. In this overriding preoccupation, its policy towards Latin America is only one element, of course, but always of significance because the US hegemon still treats the region as its “backyard.”

    First, some examples of what the pundits are saying. In Foreign Affairs, Brian Winter argues that Trump’s return signals a shift away from Biden’s neglect of the region. “The reason is straightforward,” he says. “Trump’s top domestic priorities of cracking down on unauthorized immigration, stopping the smuggling of fentanyl and other illicit drugs, and reducing the influx of Chinese goods into the United States all depend heavily on policy toward Latin America.”

    Ryan Berg, who is with the thinktank, Center for Strategic and International Studies, funded by the US defense industry, is also hopeful. Trump will “focus U.S. policy more intently on the Western Hemisphere,” he argues, “and in so doing, also shore up its own security and prosperity at home.”

    According to blogger James Bosworth, Biden’s “benign neglect” could be replaced by an “aggressive Monroe Doctrine – deportations, tariff wars, militaristic security policies, demands of fealty towards the US, and a rejection of China.” However, notwithstanding the attention of Trump’s Secretary of State, Marco Rubio, Bosworth thinks there is still a good chance of policy lapsing into benign neglect as the new administration focuses elsewhere.

    The wrong end of the telescope

    What these and similar analyses share is a concern with problems of importance to the US, including domestic ones, and how they might be tackled by shifts in policy towards Latin America. They view the region from the end of a US-mounted telescope.

    Trump’s approach may be the more brazen “America first!,” but the basic stance is much the same as these pundits. The different scenarios will be worked out in Washington, with Latin America’s future seen as shaped by how it handles US policy changes over which it has little influence. Analyses by these supposed experts are constrained by their adopting the same one-dimensional perspective as Washington’s, instead of questioning it.

    Here’s one example. The word “neglect” is superficial because it hides the immense involvement of the US in Latin America even when it is “neglecting” it: from deep commercial ties to a massive military presence. It is also superficial because, in a real sense, the US constantly neglects the problems that concern most Latin Americans: low wages, inequality, being safe in the streets, the damaging effects of climate change, and many more. “Neglect” would be seen very differently on the streets of a Latin American city than it is inside the Washington beltway.

    Who has the “drug problem”?

    The vacuum in US thinking is nowhere more apparent than in responses to the drug problem. Trump threatens to declare Mexican drug cartels to be terrorist organizations and to invade Mexico to attack them.

    But, as academic Carlos Pérez-Ricart told El Pais: “This is a problem that does not originate in Mexico. The source, the demand, and the vectors are not Mexican. It is them.” Mexican President Claudia Sheinbaum also points out that it is consumption in the US that drives drug production and trafficking in Mexico.

    Trump could easily make the same mistake as his predecessor Clinton did two decades ago. Back then, billions were poured into “Plan Colombia” but still failed to solve the “drug problem,” while vastly augmenting violence and human rights violations in the target country.

    A foretaste of what might happen, if Trump carries out his threat, occurred last July, when Biden’s administration captured Ismael “El Mayo” Zambada. That caused an all-out war between cartels in the Mexican state of Sinaloa.

    Sheinbaum rightly turns questions about drug production and consumption back onto the US. Rhetorically, she asks: “Do you believe that fentanyl is not manufactured in the United States?…. Where are the drug cartels in the United States that distribute fentanyl in US cities? Where does the money from the sale of that fentanyl go in the United States?”

    If Trump launches a war on cartels, he will not be the first US president to the treat drug consumption as a foreign issue rather than a concomitantly domestic one.

    Where does the “migration problem” originate?

    Trump is also not the first president to be obsessed by migration. Like drugs, it is seen as a problem to be solved by the countries where the migrants originate, while both the “push” and “pull” factors under US control receive less attention.

    Exploitation of migrant labor, complex asylum procedures, and schemes such as “humanitarian parole” to encourage migration are downplayed as reasons. Biden intensified US sanctions on various Latin American countries, which have been shown conclusively to provoke massive emigration. Meanwhile Trump threatens to do the same.

    Many Latin American countries have been made unsafe by crime linked to drugs or other problems in which the US is implicated. About 392,000 Mexicans were displaced as a result of conflict in 2023 alone, their problem aggravated by the massive, often illegal, export of firearms from the US to Mexico.

    Costa Rica, historically a safe country, had a record 880 homicides in 2023, many of which were related to drug trafficking. In Brazil and other countries, US-trained security forces contribute directly to the violence, rather than reducing it.

    Mass deportations from the US, promised by Trump, could worsen these problems, as happened in El Salvador in the late 1990s. They would also affect remittances sent home by migrant workers, exacerbating regional poverty. The threatened use of tariffs on exports to the US could also have serious consequences if Latin America does not stand up to Trump’s threats. Economist Michael Hudson argues that countries will have to jointly retaliate by refusing to pay dollar-based debts to bond holders if export earnings from the US are summarily cut.

    China in the US “backyard”

    Trump also joins the Washington consensus in its preoccupation with China’s influence in Latin America. Monica de Bolle is with the Peterson Institute for International Economics, a thinktank partly funded by Pentagon contractors. She told the BBC: “You have got the backyard of America engaging directly with China. That’s going to be problematic.”

    Recently retired US Southern Command general, Laura Richardson, was probably the most senior frequent visitor on Washington’s behalf to Latin American capitals, during the Biden administration. She accused China of “playing the ‘long game’ with its development of dual-use sites and facilities throughout the region, “adding that those sites could serve as “points of future multi-domain access for the PLA [People’s Liberation Army] and strategic naval chokepoints.”

    As Foreign Affairs points out, Latin America’s trade with China has “exploded” from $18 billion in 2002 to $480 billion in 2023. China is also investing in huge infrastructure projects, and seemingly its only political condition is a preference for a country to recognize China diplomatically (not Taiwan). Even here, China is not absolute as with Guatemala, Haiti, and Paraguay, which still recognize Taiwan. China still has direct investments in those holdouts, though relatively more modest than with regional countries that fully embrace its one-China policy.

    Peru, currently a close US ally, has a new, Chinese-funded megaport at Chancay, opened in November by President Xi Jinping himself. Even right-wing Argentinian president Milei said of China, “They do not demand anything [in return].”

    What does the US offer instead? While Antony Blinken proudly displayed old railcars that were gifted to Peru, the reality is that most US “aid” to Latin America is either aimed at “promoting democracy” (i.e. Washington’s political agenda) or is conditional or exploitative in other ways.

    The BBC cites “seasoned observers” who believe that Washington is paying the price for “years of indifference” towards the region’s needs. Where the US sees a loss of strategic influence to China and to a lesser extent to Russia, Iran, and others, Latin American countries see opportunities for development and economic progress.

    Remember the Monroe Doctrine

    Those calling for a more “benign” policy are forgetting that, in the two centuries since President James Monroe announced the “doctrine,” later given his name, US policy towards Latin America has been aggressively self-interested.

    Its troops have intervened thousands of times in the region and have occupied its countries on numerous occasions. Just since World War II, there have been around 50 significant interventions or coup attempts, beginning with Guatemala in 1954. The US has 76 military bases across the region, while other major powers like China and Russia have none.

    The doctrine is very much alive. In Foreign Affairs, Brian Winter warns: “Many Republicans perceive these linkages [with China], and the growing Chinese presence in Latin America more broadly, as unacceptable violations of the Monroe Doctrine, the 201-year-old edict that the Western Hemisphere should be free of interference from outside powers.”

    Bosworth adds that Trump wants Latin America to decisively choose a side in the US vs China scrimmage, not merely underplay the role of China in the hemisphere. Any country courting Trump, he suggests, “needs to show some anti-China vibes.”

    Will Freeman is with the Council on Foreign Relations, whose major sponsors are also Pentagon contractors. He thinks that a new Monroe Doctrine and what he calls Trump’s “hardball” diplomacy may partially work, but only with northern Latin America countries, which are more dependent on US trade and other links.

    Trump has two imperatives: while one is stifling China’s influence (e.g. by taking possession of the Panama Canal), another is gaining control of mineral resources (a reason for his wanting to acquire Greenland). The desire for mineral resources is not new, either. General Richardson gave an interview in 2023 to another defense-industry-funded thinktank in which she strongly insinuated that Latin American minerals rightly belong to the US.

    Maintaining hegemonic power against the threat of multipolarity

    Neoconservative Charles Krauthammer, writing 20 years ago for yet another thinktank funded by the  defense industry, openly endorsed the US’s status as the dominant hegemonic power and decried multilateralism, at least when not in US interests. “Multipolarity, yes, when there is no alternative,” he said. “But not when there is. Not when we have the unique imbalance of power that we enjoy today.”

    Norwegian commentator Glen Diesen, writing in 2024, contends that the US is still fighting a battle – although perhaps now a losing one – against multipolarity and to retain its predominant status. Trump’s “America first!” is merely a more blatant expression of sentiments held by his other presidential predecessors for clinging on to Washington’s contested hegemony.

    The irony of Biden’s presidency was that his pursuit of the Ukraine war has led to warmer relations between his two rivals, Russia and China. In this context, the growth of BRICS has been fostered – an explicitly multipolar, non-hegemonic partnership. As Glen Diesen says, “The war intensified the global decoupling from the West.”

    Other steps to maintain US hegemony – its support for Israel’s genocide in Gaza, the regime-change operation in Syria and the breakdown of order in Haiti – suggest that, in Washington’s view, according to Diesen, “chaos is the only alternative to US global dominance.” Time and again, Yankee “beneficence” has meant ruination, not development.

    These have further strengthened desires in the global south for alternatives to US dominance, not least in Latin America. Many of its countries (especially those vulnerable to tightening US sanctions) now want to follow the alternative of BRICS.

    Unsurprisingly, Trump has been highly critical of this perceived erosion of hegemonic power on Biden’s watch. Thomas Fazi argues in UnHerd that this is realism on Trump’s part; he knows the Ukraine war cannot be conclusively won, and that China’s power is difficult to contain. Accordingly, this is leading to a “recalibrating of US priorities toward a more manageable ‘continental’ strategy — a new Monroe Doctrine — aimed at reasserting full hegemony over what it deems to be its natural sphere of influence, the Americas and the northern Atlantic,” stretching from Greenland and the Arctic to Tierra del Fuego and Antarctica.

    The pundits may not agree on quite what Trump’s approach towards Latin America will be, but they concur with Winter’s judgment that the region “is about to become a priority for US foreign policy.” His appointment of Marco Rubio is a signal of this. The new secretary of state is a hawk, just like Blinken, but one with a dangerous focus on Latin America.

    However, the mere fact that such pundits hark back to the Monroe Doctrine indicates that this is only, so to speak, old wine in new bottles. Even in the recent past, an aggressive application of the 201-year-old Monroe Doctrine has never seen a hiatus.

    Recall US-backed coups that deposed Honduran President Manuel Zelaya (2009) and Bolivian Evo Morales (2019), plus the failed coup against Daniel Ortega in Nicaragua (2018), along with the parliamentary coup that ousted Paraguayan Fernando Lugo (2012). To these, US-backed regime change by “lawfare” included Dilma Rousseff in Brazil (2016) and Pedro Castillo in Peru (2023). Currently presidential elections have simply been suspended in Haiti and Peru with US backing.

    Even if Trump is more blatant than his predecessors in making clear that his policymaking is based entirely on what he perceives to be US interests, rather than those of Latin Americans, this is not new.

    As commentator Caitlin Johnstone points out, the main difference between Trump and his predecessors is that he “makes the US empire much more transparent and unhidden.” From the other end of the political spectrum, a former John McCain adviser echoes the same assessment: “there will likely be far more continuity between the two administrations than meets the eye.”

    Regardless, Latin America will continue to struggle to set its own destiny, patchily and with setbacks, and this will likely draw it away from the hegemon, whatever the US does.

    Nicaragua-based John Perry is with the Nicaragua Solidarity Coalition and writes for the London Review of Books, FAIR, and CovertAction.

    Roger D. Harris is with the Task Force on the Americas, the US Peace Council, and the Venezuela Solidarity Network

    Featured image courtesy of Cornell University/Wikimedia Commons

    First published by Popular Resistance: https://popularresistance.org/whether-biden-or-trump-us-latin-american-policy-will-still-be-contemptible/

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Nations: Committee on the Elimination of Discrimination against Women Opens Ninetieth Session

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women this morning opened its ninetieth session, hearing a statement from Andrea Ori, Chief of the Groups in Focus Section of the Human Rights Treaties Branch of the Office of the High Commissioner for Human Rights, and hearing the solemn declarations of eight newly elected Committee Members.  The Committee also adopted its agenda for the session, during which it will review the reports of Belize, Belarus, Congo, Democratic Republic of the Congo (exceptional report), Liechtenstein, Luxembourg, Nepal and Sri Lanka.

    Opening the session, Mr. Ori congratulated the eight new members of the Committee who officially assumed their duties today and congratulated the four Committee Members who were re-elected for the term 2025–2028.  This year marked the commemoration of the thirtieth anniversary of the Beijing Declaration and Platform for Action, which was unanimously adopted by 189 States in September 1995 at the Fourth United Nations World Conference on Women held in Beijing.  The Beijing Declaration and Platform for Action laid out a vision for ensuring women’s human rights and achieving gender equality around the world. 

    However, Mr. Ori said, despite considerable progress on gender equality in the past 30 years, the world was still far from achieving this vision.  Approximately one in three women globally experienced physical and/or sexual violence during their lifetime.  Sexual violence against women and girls was used as a tactic of war in numerous conflicts. Gender parity in decision-making remained a distant goal, with only 26 per cent of parliamentarians in the world being women.  At the upcoming fifty-ninth session of the Human Rights Council, the President of the Council would convene the annual high-level panel discussion on human rights mainstreaming under the theme “Thirtieth anniversary of the Beijing Declaration and Platform for Action”, supported by the Office of the High Commissioner for Human Rights, United Nations Women and other agencies.  Mr. Ori wished the Committee a successful and productive session.

    Ana Peláez Narváez, Chairperson of the Committee, said that, since the last session, the number of States parties that had ratified the Convention had remained at 189.  The number of States parties that had accepted the amendment to article 20, paragraph 1 of the Convention concerning the meeting time of the Committee remained at 81.  Since the last session, Cook Islands, Fiji, Ireland, Kenya, Mexico, Romania, Solomon Islands, Togo and Tuvalu had submitted their periodic reports to the Committee.

    The following eight new Committee Members made their solemn declaration: Hamida Al-Shukairi (Oman), Violet Eudine Barriteau (Barbados), Nada Moustafa Fathi Draz (Egypt), Mu Hong (China), Madina Jarbussynova (Kazakhstan), Jelena Pia-Comella (Andorra), Erika Schläppi (Switzerland), and Patsilí Toledo Vasquez (Chile).  

    In a private meeting following the opening, the Committee will elect a new Chair and Bureau for the Committee.

    The Committee adopted the agenda and programme of work of the session, and the Chair and Committee Experts then discussed the activities they had undertaken since the last session.

    Brenda Akia, on behalf of Natasha Stott Despoja, Committee Rapporteur on follow-up to concluding observations, briefed the Committee on the status of the follow-up reports received in response to the Committee’s concluding observations.

    The Committee on the Elimination of Discrimination against Women’s ninetieth session is being held from 3 to 21 February.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet in public at 3 p.m. this afternoon with representatives of national human rights institutions and non-governmental organizations and the Working Group on business and human rights.

    Opening Statement by the Representative of the Secretary-General

    ANDREA ORI, Chief of the Groups in Focus Section of the Human Rights Treaties Branch of the Office of the High Commissioner for Human Rights, congratulated the eight new members of the Committee who officially assumed their duties today: Hamida Al-Shukairi (Oman), Violet Eudine Barriteau (Barbados), Nada Moustafa Fathi Draz (Egypt), Mu Hong (China), Madina Jarbussynova (Kazakhstan), Jelena Pia-Comella (Andorra), Erika Schläppi (Switzerland), and Patsilí Toledo Vasquez (Chile).  He also congratulated the four Committee Members who were re-elected for the term 2025–2028: Corinne Dettmeijer-Vermeulen (Netherlands), Nahla Haidar El Addal (Lebanon), Bandana Rana (Nepal), and Natasha Stott Despoja (Australia).

    Mr. Ori said this year marked the commemoration of the thirtieth anniversary of the Beijing Declaration and Platform for Action, which was unanimously adopted by 189 States in September 1995 at the Fourth United Nations World Conference on Women held in Beijing.  The Beijing Declaration and Platform for Action laid out a vision for ensuring women’s human rights and achieving gender equality around the world.  However, despite considerable progress on gender equality in the past 30 years, the world was still far from achieving this vision.  

    Approximately one in three women globally experienced physical and/or sexual violence during their lifetime.  Sexual violence against women and girls was used as a tactic of war in numerous conflicts.  Gender parity in decision-making remained a distant goal, with only 26 per cent of parliamentarians in the world being women.  In economic life, women occupied only 28.2 per cent of management positions.  About 800 women and girls still died every day from preventable causes related to pregnancy and childbirth. 

    Moreover, the world was witnessing a backlash against women’s human rights and gender equality, especially against women’s sexual and reproductive health rights, with an increase in attacks against abortion providers, shrinking civic space for women human rights defenders, and reduced funding.  In that context, Mr. Ori welcomed the Committee’s timely work on a new general recommendation on gender stereotypes, which would be kicked off with the half-day of general discussion on gender stereotypes on 17 February from 3 to 6 pm. The thirtieth anniversary of the Beijing Declaration and Platform for Action presented a key opportunity to renew the commitments made by Member States to ensure women’s rights and achieve gender equality. 

    At the upcoming fifty-ninth session of the Human Rights Council, the President of the Council would convene the annual high-level panel discussion on human rights mainstreaming under the theme “Thirtieth anniversary of the Beijing Declaration and Platform for Action”, supported by the Office of the High Commissioner for Human Rights, United Nations Women and other agencies.  The panel, to be held on 24 February, would be opened by the High Commissioner for Human Rights, Volker Türk, and possibly the Secretary-General, António Guterres, and would discuss progress and challenges in protecting women’s rights and gender equality.  Committee expert Nahal Haidar would be one of the panellists.  Together with United Nations Women, the Office was also planning a side event during the session which would focus on the pushback against women’s rights and gender equality in the context of humanitarian action.

    Mr. Ori said last year had been particularly challenging, due to the liquidity crisis which had hampered and continued to hamper the Committee’s work.  The Office was doing its utmost to ensure that the Committee and other treaty bodies could implement their mandates, however, all indications pointed to a continuation of the difficult liquidity situation for the foreseeable future. The treaty body strengthening process had reached a key moment, with the adoption of the biennial resolution on the treaty body system by the General Assembly in December 2024.  On Human Rights Day last year, the Geneva Human Rights Platform, in cooperation with the Office and the Directorate of International Law of the Swiss Federal Department of Foreign Affairs, organised an informal meeting of the Chairs and the Committees’ focal points on working methods, which explored the latest developments concerning the treaty body system and sought to identify possible ways to improve the harmonisation of procedures.  Mr. Ori said the Office of the High Commissioner would continue to work alongside the Chairs and all the treaty body experts to strengthen the system. He concluded by wishing the Committee a successful and productive session

    Statements by Committee Experts

    ANA PELÁEZ NARVÁEZ, Committee Chairperson, called on the eight newly elected members to make their solemn declarations to the Committee.  She also congratulated those who had been re-elected.

    The Committee then adopted its agenda and programme of work for the session.

    Ms. Peláez Narváez said that since the last session, the number of States parties that had ratified the Convention had remained at 189.  The number of States parties that had accepted the amendment to article 20, paragraph 1 of the Convention concerning the meeting time of the Committee remained at 81.  She was pleased to inform that since the last session, Cook Islands, Fiji, Ireland, Kenya, Mexico, Romania, Solomon Islands, Togo and Tuvalu had submitted their periodic reports to the Committee.  Since making the simplified reporting procedure the default procedure for States parties’ reporting to the Committee, 13 States parties had indicated that they wished to opt out and maintain the traditional reporting procedure.

    The Chair and Committee Experts then discussed the activities they had undertaken since the last session.

    Ms. Peláez Narváez said as the pre-sessional Working Group for the ninetieth session was cancelled due to the ongoing liquidity situation of the United Nations, there was no report of the pre-sessional Working Group to be presented.  The Committee had subsequently decided to consider the pending reports from the following States parties at this ninetieth session: Belize, Belarus, Congo, Democratic Republic of the Congo (exceptional report), Liechtenstein, Luxembourg, Nepal and Sri Lanka.

    BRENDA AKIA, Alternate Rapporteur on follow-up to concluding observations, speaking on behalf of NATASHA STOTT DESPOJA, Committee Rapporteur, briefed the Committee on the status of the follow-up reports received in response to the Committee’s concluding observations.  She said that at the end of the eighty-ninth session, follow-up letters outlining the outcome of assessments of follow-up reports were sent to Bolivia, Türkiye, South Africa, Morocco and Azerbaijan.  Reminder letters were sent to Mongolia, Namibia, Portugal and the United Arab Emirates.  For the present session, the Committee had received follow-up reports from Belgium, Gambia, Sweden and Switzerland, all received on time; and from Portugal, received with more than five months’ delay.

    ________

    CEDAW.25.001E

    Produced by the United Nations Information Service in Geneva for use of the information media; not an official record.

    English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

    MIL OSI United Nations News –

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 03.02.2025

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    3 February 2025 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 03.02.2025

    Espoo, Finland – On 3 February 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 872,093 4.43
    CEUX – –
    BATE – –
    AQEU – –
    TQEX – –
    Total 872,093 4.43

    * Rounded to two decimals

    On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.

    Total cost of transactions executed on 3 February 2025 was EUR 3,867,209. After the disclosed transactions, Nokia Corporation holds 236,903,084 treasury shares.

    Details of transactions are included as an appendix to this announcement.

    On behalf of Nokia Corporation

    BofA Securities Europe SA

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

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

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

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia Investor Relations
    Phone: +358 931 580 507
    Email: investor.relations@nokia.com

    Attachment

    The MIL Network –

  • MIL-OSI Europe: Written question – Preserving competition in the telecommunications sector to enable consumer choice and affordable prices – E-000362/2025

    Source: European Parliament

    Question for written answer  E-000362/2025
    to the Commission
    Rule 144
    Eero Heinäluoma (S&D)

    EU and Member State regulation and competition policy in the telecommunications sector has enabled a plurality of players to operate in the market, contributing to relatively low consumer prices and encouraging innovation, for example in Finland. This has benefited consumers and small businesses.

    The significant market power (SMP) obligations imposed by national regulatory authorities on major telecommunications operators, for example in Finland, have proven an effective solution for ensuring a competitive market. The SMP decisions have required larger operators to lease their networks at reasonable prices to smaller operators, bringing more consumer choice, innovation and competitive internet services to consumers and businesses.

    • 1.How does the Commission plan to encourage new investments in 5G, 6G and high-speed fibre networks while preserving market competition, including market access for small businesses, to enable consumer choice and relatively affordable prices?
    • 2.Does the Commission agree that SMP obligations are important in the telecommunications market and should be preserved?
    • 3.Is the Commission ready to defend the rights of smaller market players and maintain the obligation for major telecommunications companies to lease their networks to other industry players, including in Finland?

    Submitted: 27.1.2025

    Last updated: 3 February 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: RECOMMENDATION on the draft Council decision on the conclusion, on behalf of the European Union, of the Protocol (2024-2029) implementing the Fisheries Partnership Agreement between the European Community and the Republic of Cabo Verde – A10-0004/2025

    Source: European Parliament

    DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION

    on the draft Council decision on the conclusion, on behalf of the European Union, of the Protocol (2024-2029) implementing the Fisheries Partnership Agreement between the European Community and the Republic of Cabo Verde

    (11267/2024 – C10‑0087/2024 – 2024/0133(NLE))

    (Consent)

    The European Parliament,

    – having regard to the draft Council decision (11267/2024),

    – having regard to the draft agreement (11026/2024),

    – having regard to the request for consent submitted by the Council in accordance with Article 43(2) and Article 218(6), second subparagraph, point (a)(v), and Article 218(7), of the Treaty on the Functioning of the European Union (C10‑0087/2024),

    – having regard to the budgetary assessment by the Committee on Budgets,

    – having regard to Rule 107(1) and (4), and Rule 117(7) of its Rules of Procedure,

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

    – having regard to the recommendation of the Committee on Fisheries (A10-0004/2025),

    1. Gives its consent to the conclusion of the agreement;

    2. Instructs its President to forward its position to the Council, the Commission and the governments and parliaments of the Member States and of the Republic of Cabo Verde.

    EXPLANATORY STATEMENT

    The Fisheries Partnership Agreement (FPA) between the European Community and the Republic of Cabo Verde (FPA) offers fishing opportunities for 56 EU vessels for tuna and related species in Cabo Verde’s waters.

    The new agreement covers a period of five years and will offer EU vessels the possibility to fish 7 000 tonnes of tuna and tuna-like species in Cabo Verde’s waters. In return, the EU will pay Cabo Verde a financial contribution of 780 000€ per year (EUR 3 900 000 for the entire duration of the Protocol), from which 350 000€ is related to a reference tonnage of 7 000 tonnes, and 430 000€ to support for developing Cabo Verde’s sectoral fisheries policy.

    The rapporteur highlights the strategic importance of Cabo Verde, as a relevant player in the Atlantic Ocean, remembering that the EU and Cabo Verde have developed a cooperative relationship for more than four decades, with respect and political dialogue. Currently, Cabo Verde and the EU share common values such as democracy, respect for Human Rights and the Rule of Law, the promotion of multilateralism, and Cabo Verde is part of a regional group, called Macaronesia, which includes the Azores, Madeira, Canaries and Cabo Verde. The evolution of relations in these fields led to the creation of the EU-Cabo Verde Special Partnership in 2007, which continues to evolve.

    The rapporteur stresses the importance of the EU-Cabo Verde SFPA for the EU fleet fishing for tuna and related species in the Atlantic Ocean, following strict EU criteria with regard to fisheries management, resource conservation and environmental sustainability, while at the same time strictly respecting the human rights and contributing for local socioeconomic development.

    The rapporteur considers that this is a balanced Agreement, in which the remuneration for the fishing opportunities is lower than the EU contribution to support the development of Cabo Verde fisheries sector. This Protocol puts special emphasis on promoting decent working conditions for fishing activity, scientific capacity building, observation and management of the marine environment and marine protected areas. It promotes sustainable fisheries management, fisheries control and the fight against illegal, unreported and unregulated fishing (IUU). It also contains new provisions to improve vessel monitoring, the management of fishing authorizations and enhanced management measures for shark stocks. The Protocol responds to Cabo Verde’s desire to strengthen the industrialization and competitiveness of its fishing sector.

    In accordance with Article 218(6) TFEU, the consent of the European Parliament is required in order for the Council to adopt a decision on the conclusion of the Agreement.

    In the light of the above, the Rapporteur recommends to Parliament to give its consent to the conclusion of the Agreement.

     

    ANNEX: ENTITIES OR PERSONS FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    The rapporteur declares under his exclusive responsibility that he did not receive input from any entity or person to be mentioned in this Annex pursuant to Article 8 of Annex I to the Rules of Procedure.

     

     

    BUDGETARY ASSESSMENT OF THE COMMITTEE ON BUDGETS (22.11.2024)

    for the Committee on Fisheries

    on the proposal for a Council decision on the conclusion, on behalf of the Union, of the Protocol (2024-2029) implementing the Fisheries Partnership Agreement between the European Community and the Republic of Cabo Verde

    (COM(2024)0236 – C10‑0087/2024 – 2024/0133(NLE))

    Rapporteur for budgetary assessment: Hélder Sousa Silva 

     

    The Committee on Budgets has carried out a budgetary assessment of the proposal under Rule 58 of the Rules of Procedure and has reached the following conclusions:

    – having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union[1],

    – having regard to the Interinstitutional Agreement (IIA) of 16 December 2020 between the European Parliament, the Council of the European Union and the European Commission on budgetary discipline, on cooperation in budgetary matters and on sound financial management, as well as on new own resources, including a roadmap towards the introduction of new own resources[2], and in particular point 20 thereof,

    A. whereas the financial contribution for the entire duration of the Protocol is EUR 3 900 000 (i.e. EUR 780 000 per year), based on:

    (a) a reference tonnage of 7 000 tonnes, for which an annual amount linked to access has been set at EUR 350 000;

    (b) support for developing Cabo Verde’s sectoral fisheries policy, amounting to EUR 430 000 per year;

    B. whereas the implementation of the Protocol requires the use of operational appropriations, as explained below:

    EUR million (to three decimal places)

    DG MARE

     

     

    Year
    2024

    Year
    2025

    Year
    2026

    Year
    2027

    Year
    2028

    TOTAL

    □ Operational appropriations

     

     

     

     

     

     

    Budget line 08.05.01

    Commitments

    (1a)

    0.780

    0.780

    0.780

    0.780

    0.780

    3.900

    Payments

    (2 a)

    0.780

    0.780

    0.780

    0.780

    0.780

    3.900

     

    C. whereas the annual amount for commitment and payment appropriations is established during the annual budgetary procedure, including for the reserve line for protocols not yet having entered into force at the beginning of the year;

    1. Notes that the support allocated to the Protocol should meet the objectives of cooperation in the fields of sustainable exploitation of fishery resources, aquaculture, sustainable development of the oceans, protection of the marine environment, and the blue economy; considers that this should be thoroughly scrutinised to ensure that this is done effectively during the implementation of the Protocol; notes that the support has a direct link to the principles of the Samoa Agreement[3] reinforcing the Union’s external action towards African, Caribbean and Pacific (ACP) countries and taking account, in particular, of the Union’s objectives with regard to democratic principles and human rights, strengthening EU presence in the region and the cooperation with an important strategic partner;

    2. Recommends that, for future agreements, an impact assessment of the added value and socio-economic benefits derived from the previous agreement be taken into account; considers that this assessment should guide the negotiation and renewal of subsequent agreements to ensure that they align with the objectives of sustainable development and efficient use of the EU’s financial resources;

    3. Notes that the Protocol implementing the Fisheries Partnership Agreement with Cabo Verde had not yet entered into force at the beginning of this year;

    4. Recalls that the IIA requires that amounts provided for in the budget for the renewal of fisheries agreements that enter into force after 1 January of the financial year concerned be put in the reserve;

    5. Recalls that the use of the appropriations in the reserve requires a transfer in accordance with Article 31 of the Financial Regulation for the amount concerned from reserve line 30 02 02 to operational line 08 05 01;

    6. Recalls that the Financial Regulation requires the Commission to only sign a protocol with financial implications when appropriations are available on the operational line;

    7. Notes that the Protocol with Cabo Verde was signed on 23 July 2024;

    8. Expresses its concern that no request for a transfer was submitted to the Committee on Budgets before the signing of the Protocol;

    9. Takes note of the information from the Commission that for 2024 part of the unused appropriations for the implementation of the fisheries agreement with Greenland was available on operational line 08 05 01 and would be used for the implementation of the Protocol with Cabo Verde;

    10. Considers that this practice does not respect the provisions of the IIA; furthermore, maintains that appropriations are to be used for the purpose for which they have been entered into the budget;

    11. Notes the relatively small amount linked to the implementation of the Protocol with Cabo Verde, which might explain why the Commission has deviated from the required procedure; considers this to be a special situation that can be accepted by way of an exception;

    12. Demands that the Commission act in compliance with the provisions of the IIA for any future fisheries agreement regardless of the amount involved;

    13. Stresses that the financial programming of line 08 05 01 needs to be enough to cater for the financial obligations for 2025-2027, subject to the decision of the budgetary authority in the annual budgetary procedures; in this regard, notes that line 08 05 01 in the 2025 Draft Budget and in the Council Position on the 2025 Draft Budget includes an amount of EUR 150 560 000 in commitment appropriations and EUR 135 275 000 in payment appropriations; calls for scrutiny regarding the financial programming of line 08 05 01 in the annual budgets of 2026 and 2027;

    14. Concludes that the Committee on Budgets is in a position to advise the Committee on Fisheries, as the committee responsible, to recommend approval of the proposal for a Council decision on the conclusion, on behalf of the Union, of the Protocol (2024-2029) implementing the Fisheries Partnership Agreement between the European Community and the Republic of Cabo Verde.

     

     

    ANNEX: ENTITIES OR PERSONS
    FROM WHOM THE RAPPORTEUR FOR BUDGETARY ASSESSMENT HAS RECEIVED INPUT

    The rapporteur for budgetary assessment declares under his exclusive responsibility that he did not receive input from any entity or person to be mentioned in this Annex pursuant to Article 8 of Annex I to the Rules of Procedure.

    PROCEDURE – COMMITTEE ASKED FOR BUDGETARY ASSESSMENT

    Title

    Conclusion, on behalf of the Union, of the Protocol (2024-2029) implementing the Fisheries Partnership Agreement between the European Community and the Republic of Cabo Verde

    References

    11267/2024 – C10-0087/2024 – 2024/0133(NLE)

    Committee(s) responsible

    PECH

     

     

     

     Date announced in plenary

    BUDG

    19.9.2024

    Rapporteur for budgetary assessment

     Date appointed

    Hélder Sousa Silva

    16.9.2024

    Discussed in committee

    14.10.2024

     

     

     

    Date adopted

    21.11.2024

     

     

     

    Result of final vote

    +:

    –:

    0:

    26

    5

    0

    Members present for the final vote

    Georgios Aftias, Isabel Benjumea Benjumea, Tomasz Buczek, Tamás Deutsch, Angéline Furet, Thomas Geisel, Jean-Marc Germain, Sandra Gómez López, Fabienne Keller, Janusz Lewandowski, Giuseppe Lupo, Ignazio Roberto Marino, Fernando Navarrete Rojas, Matjaž Nemec, Danuše Nerudová, Ruggero Razza, Bogdan Rzońca, Hélder Sousa Silva, Nicolae Ştefănuță, Joachim Streit, Carla Tavares, Nils Ušakovs, Auke Zijlstra

    Substitutes present for the final vote

    Moritz Körner, Tiago Moreira de Sá

    Members under Rule 216(7) present for the final vote

    Christophe Bay, Udo Bullmann, Andrzej Buła, Gheorghe Falcă, Ştefan Muşoiu, Jan-Christoph Oetjen

     

    FINAL VOTE BY ROLL CALL
    IN COMMITTEE ASKED FOR BUDGETARY ASSESSMENT

    26

    +

    ECR

    Ruggero Razza, Bogdan Rzońca

    NI

    Thomas Geisel

    PPE

    Georgios Aftias, Isabel Benjumea Benjumea, Andrzej Buła, Gheorghe Falcă, Janusz Lewandowski, Fernando Navarrete Rojas, Danuše Nerudová, Hélder Sousa Silva

    PfE

    Tiago Moreira de Sá

    Renew

    Fabienne Keller, Moritz Körner, Jan-Christoph Oetjen, Joachim Streit

    S&D

    Udo Bullmann, Jean-Marc Germain, Sandra Gómez López, Giuseppe Lupo, Ştefan Muşoiu, Matjaž Nemec, Carla Tavares, Nils Ušakovs

    Verts/ALE

    Ignazio Roberto Marino, Nicolae Ştefănuță

     

    5

    –

    PfE

    Christophe Bay, Tomasz Buczek, Tamás Deutsch, Angéline Furet, Auke Zijlstra

     

     

    Key to symbols:

    + : in favour

    – : against

    0 : abstention

     

     

    OPINION OF THE COMMITTEE ON DEVELOPMENT (5.12.2024)

    for the Committee on Fisheries

    on the draft Council decision on the conclusion, on behalf of the European Union, of the Protocol (2024-2029) implementing the Fisheries Partnership Agreement between the European Community and the Republic of Cabo Verde

    (11267/2024 – C10‑0087/2024 – 2024/0133(NLE))

    Rapporteur for opinion: Rosa Estaràs Ferragut

     

    SHORT JUSTIFICATION

    The Fisheries Partnership Agreement between the European Community and the Republic of Cabo Verde (FPA) entered into force on 30 March 2007 for a period of 5 years, being tacitly renewable. A previous 5-year Protocol to the FPA entered into force on 20 May 2019 and expired on 19 May 2024.

    With a view to adopt a new Protocol to the FPA, the European Commission conducted negotiations with the Republic of Cabo Verde. Following these negotiations, a new Protocol was initialled on 15 April 2024. This new Protocol covers a period of five years, allowing Union vessels to access Cabo Verde’s fishing zone and to fish for tuna and associated species there, in compliance with the measures adopted by the International Commission for the Conservation of Atlantic Tunas (ICCAT). The aim is also to enhance cooperation between the EU and Cabo Verde, thereby creating a partnership framework within which to develop a sustainable fisheries policy and the responsible exploitation of fishery resources in Cabo Verde’s waters, in the interest of both Parties.

    The EU’s financial contribution allocated to the Protocol is EUR 780 000 per year. This total is broken down into an annual amount of EUR 350 000 for access to fishery resources and another EUR 430 000 for the development of Cabo Verde’s sectoral fisheries policy, which represents an increase for sectoral support in comparison with the previous protocol. 

    Cabo Verde’s economy heavily relies on fisheries, which plays a crucial role in food security and employment for local communities. Artisanal fishing is vital for the livelihoods of many coastal communities. However, commercial fishing operations are also prominent targeting high-value species like tuna, which can affect local resources. Challenges such as overfishing, illegal fishing and climate change pose significant threats to fish stocks, marine ecosystems, and the livelihoods of local communities that depend on fishing. Furthermore, while women play a vital role in the fisheries sector of Cabo Verde, social norms and institutional barriers reinforce their marginalisation especially in rural areas. Overall, fisheries in Cabo Verde are a vital part of the economy and culture, and, therefore, there is a pressing need for sustainable management to ensure the long-term health of marine ecosystems and the communities that depend on them.

    Your rapporteur takes the view that the Protocol promotes the responsible and sustainable exploitation of fisheries resources and the development of the national fisheries policy in Cabo Verde and is in the interest of both Parties. For this reason, your rapporteur is proposing that the protocol be approved.

    *******

    The Committee on Development calls on the Committee on Fisheries, as the committee responsible, to recommend approval of the draft Council decision on the conclusion, on behalf of the European Union, of the Protocol implementing the Fisheries Partnership Agreement between the European Community and the Republic of Cabo Verde (2024-2029).

    ANNEX: ENTITIES OR PERSONS
    FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    The rapporteur for the opinion declares under her exclusive responsibility that she did not receive input from any entity or person to be mentioned in this Annex pursuant to Article 8 of Annex I to the Rules of Procedure.

     

    PROCEDURE – COMMITTEE ASKED FOR OPINION

    Title

    Conclusion, on behalf of the Union, of the Protocol (2024-2029) implementing the Fisheries Partnership Agreement between the European Community and the Republic of Cabo Verde

    References

    11267/2024 – C10-0087/2024 – 2024/0133(NLE)

    Committee(s) responsible

    PECH

     

     

     

    Opinion by

     Date announced in plenary

    DEVE

    19.9.2024

    Rapporteur for the opinion

     Date appointed

    Rosa Estaràs Ferragut

    15.10.2024

    Date adopted

    4.12.2024

     

     

     

    Result of final vote

    +:

    –:

    0:

    15

    0

    0

    Members present for the final vote

    Barry Andrews, Robert Biedroń, Udo Bullmann, Rosa Estaràs Ferragut, Niels Geuking, Charles Goerens, György Hölvényi, Murielle Laurent, Reinhold Lopatka, Isabella Lövin, Lukas Mandl, Tiago Moreira de Sá, Kristoffer Storm, Marco Tarquinio

    Members under Rule 216(7) present for the final vote

    Monika Hohlmeier

     

    FINAL VOTE BY ROLL CALL IN COMMITTEE ASKED FOR OPINION

    15

    +

    ECR

    Kristoffer Storm

    PPE

    Rosa Estaràs Ferragut, Niels Geuking, Monika Hohlmeier, Reinhold Lopatka, Lukas Mandl

    PfE

    György Hölvényi, Tiago Moreira de Sá

    Renew

    Barry Andrews, Charles Goerens

    S&D

    Robert Biedroń, Udo Bullmann, Murielle Laurent, Marco Tarquinio

    Verts/ALE

    Isabella Lövin

     

     

     

    Key to symbols:

    + : in favour

    – : against

    0 : abstention

     

     

    PROCEDURE – COMMITTEE RESPONSIBLE

    Title

    Conclusion, on behalf of the Union, of the Protocol (2024-2029) implementing the Fisheries Partnership Agreement between the European Community and the Republic of Cabo Verde

    References

    11267/2024 – C10-0087/2024 – 2024/0133(NLE)

    Date of consultation or request for consent

    26.7.2024

     

     

     

    Committee(s) responsible

    PECH

     

     

     

    Committees asked for opinions

     Date announced in plenary

    DEVE

    19.9.2024

     

     

     

    Rapporteurs

     Date appointed

    Paulo Do Nascimento Cabral

    19.9.2024

     

     

     

    Discussed in committee

    4.9.2024

    4.12.2024

     

     

    Date adopted

    28.1.2025

     

     

     

     

    BUDG

    21.11.2024

     

     

     

    Result of final vote

    +:

    –:

    0:

    22

    4

    0

    Members present for the final vote

    Sakis Arnaoutoglou, Thomas Bajada, Stephen Nikola Bartulica, Asger Christensen, Carmen Crespo Díaz, Ton Diepeveen, Paulo Do Nascimento Cabral, Siegbert Frank Droese, Nicolás González Casares, Anja Hazekamp, France Jamet, Isabelle Le Callennec, Isabella Lövin, Giuseppe Milazzo, Francisco José Millán Mon, Jessica Polfjärd, André Rodrigues, Bert-Jan Ruissen, Sander Smit, António Tânger Corrêa, Emma Wiesner

    Substitutes present for the final vote

    Oihane Agirregoitia Martínez, Mélissa Camara, Sofie Eriksson, Sebastian Everding

    Members under Rule 216(7) present for the final vote

    Kinga Kollár

    Date tabled

    30.1.2025

     

    FINAL VOTE BY ROLL CALL BY THE COMMITTEE RESPONSIBLE

    22

    +

    ECR

    Stephen Nikola Bartulica, Giuseppe Milazzo, Bert-Jan Ruissen

    PPE

    Carmen Crespo Díaz, Paulo Do Nascimento Cabral, Kinga Kollár, Isabelle Le Callennec, Francisco José Millán Mon, Jessica Polfjärd, Sander Smit

    PfE

    Ton Diepeveen, António Tânger Corrêa

    Renew

    Oihane Agirregoitia Martínez, Asger Christensen, Emma Wiesner

    S&D

    Sakis Arnaoutoglou, Thomas Bajada, Sofie Eriksson, Nicolás González Casares, André Rodrigues

    Verts/ALE

    Mélissa Camara, Isabella Lövin

     

    4

    –

    ESN

    Siegbert Frank Droese

    PfE

    France Jamet

    The Left

    Sebastian Everding, Anja Hazekamp

     

     

    Key to symbols:

    + : in favour

    – : against

    0 : abstention

     

     

    MIL OSI Europe News –

  • MIL-Evening Report: Should Australia mandate cancer warnings for alcoholic drinks?

    Source: The Conversation (Au and NZ) – By Rachel Visontay, Postdoctoral Research Fellow in Alcohol and Long-term Health, University of Sydney

    Hryshchyshen Serhii/Shutterstock

    Alcohol causes huge harm in Australia, responsible for 5,800 new cancer cases per year. Yet many of us remain in the dark about its health risks.

    In January, the United States’ Office of the Surgeon General, the country’s leading public health spokesperson, recommended warnings about alcohol’s cancer risks should be displayed on drink packaging.

    These messages have already been made obligatory in Ireland and South Korea.

    So, do they work? And should we mandate them here?

    Isn’t a glass of wine or two good for me?

    Most of us know heavy drinking is unhealthy.

    Yet the belief a few glasses of wine helps protect against heart disease and other conditions has persisted. That is despite evidence in recent years showing the benefits have been overestimated and the harms underplayed.

    In fact, any level of alcohol use increases the risk for several types of cancer, including colorectal cancer (affecting the large intestine and rectum) and breast cancer.

    In recent years, the evidence has strengthened showing alcohol plays a clear, causal role increasing cancer risk and other serious health problems, as well as all-cause mortality.

    One study estimated how many new cancer cases will develop across the lifetimes of the 18.8 million Australian adults who were alive in 2016. It predicted a quarter of a million (249,700) new cancers – mostly colorectal – will arise due to alcohol.

    We know what causes this harm. For example, acetaldehyde – a chemical produced by the body when it processes alcohol – is carcinogenic.

    Alcohol also increases cancer risk through “oxidative stress”, an imbalance in the body’s antioxidants and free radicals which causes damage to DNA and inflammation.

    It can also affect hormone levels, which raises the risk for breast cancer in particular.

    Australians unaware of the risk

    While the harms are well-known to researchers, many Australians remain unaware.

    Figures vary, but at best only 59% of us know about the direct link between alcohol and cancer (and at worst, just one in five are aware).

    Perhaps the best evidence this message has failed to sink in is our continued love affair with alcohol.

    In 2022–23 69% of us drank alcohol, with one in three doing so at levels deemed risky by the National Health and Medical Research Council. For both men and women, that means having more than ten standard drinks per week or more than four in one day.



    Read more:
    Mother’s little helper: interviews with Australian women show a complex relationship with alcohol

    What are other countries doing?

    Like Australia, the US already has warnings on alcohol about its impacts on unborn children and a person’s ability to operate cars and machinery.

    The US Surgeon General wants additional explicit warnings about cancer risk to be compulsory.

    Alcohol packaging in Australia warns about pregnancy risk.
    Adam Calaitzis/Shutterstock

    This follows Ireland, the first country to mandate cancer labels for alcohol. From 2026, alcohol packaging will include the warning: “there is a direct link between alcohol and fatal cancers”.

    Other countries, including Norway and Thailand, are also reportedly investigating cancer warning labels.

    Since 2017, alcohol producers in South Korea have had to choose between three compulsory warning labels – two of which warn of cancer risks. However they can instead opt for a label which warns about alcohol’s risks for dementia, stroke and memory loss.

    Will Australia follow suit?

    Australian health bodies have been advocating for cancer warnings on drink packaging for over a decade.

    Currently, whether to include warnings about alcohol’s general health risks is at the discretion of the manufacturer.

    Many use vague “drink responsibly” messages or templates provided by DrinkWise, an organisation funded by the alcohol industry.

    Pregnancy warning labels (“Alcohol can cause lifelong harm to your baby”) only became obligatory in 2023. Although this covers just one of alcohol’s established health effects, it has set an important precedent.

    We now have a template for how introducing cancer and other health warnings might work.

    With pregnancy labels, the government consulted public health and industry bodies and gave a three-year transition period for manufacturers to adjust. We even have examples of colour and formatting of required labels that could be adapted.

    Perhaps most promisingly, four in five surveyed Australians support adding these cancer-specific warnings.

    Cancer warnings already feature on some tobacco products in Australia.
    Galexia/Shutterstock

    Would it work?

    We know the existing “drink responsibly”-style warnings are not enough. Research shows consumers find these messages ambiguous.

    But would warnings about cancer be an improvement? Ireland’s rules are yet to come into effect, and it’s too early to tell how well South Korea’s policy has worked (there are also limitations give manufacturers can choose a warning not related to cancer).

    But a trial of cancer warnings in one Canadian liquor store found they increased knowledge of the alcohol–cancer link by 10% among store customers.

    Cancer messages would likely increase awareness about risks. But more than that – a 2016 study that tested cancer warnings on a group of 1,680 adults across Australia found they were also effective at reducing people’s intentions to drink.

    The evidence suggests a similar policy could replicate the success of cancer warnings on cigarette packaging – first introduced in the 1970s – at increasing knowledge about risks and reducing consumption. Smoking rates in Australian adults have declined steadily since these warnings were first introduced.

    It may take years before Australia changes its rules on alcohol labelling.

    In the meantime, it’s important to familiarise yourself with the current national low-risk drinking guidelines, which aim to minimise harm from alcohol across a range of health conditions.

    Rachel Visontay receives funding from the University of Sydney and the University of New South Wales.

    Louise Mewton receives funding from the National Institutes of Health (NIH), Dementa Australia, Australian Rotary Health, National Health and Medical Research Council (NHMRC), Australian Government Department of Health and Aged Care (DoHAC).

    – ref. Should Australia mandate cancer warnings for alcoholic drinks? – https://theconversation.com/should-australia-mandate-cancer-warnings-for-alcoholic-drinks-246890

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Euronext upgraded from ‘BBB+, Positive Outlook‘ to ‘A-, Stable Outlook‘ by S&P

    Source: GlobeNewswire (MIL-OSI)

    Euronext upgraded from ‘BBB+, Positive Outlook‘ to ‘A-, Stable Outlook‘ by S&P

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 3 February 2025 – Euronext, the leading pan-European market infrastructure, today announces the decision of S&P to upgrade Euronext from ‘BBB+, Positive Outlook’ to ‘A-, Stable Outlook’.

    S&P’s decision reflects the completion of the integration of the Borsa Italiana Group, the successful expansion of Euronext Clearing and the continued deleveraging thanks to the Group’s strong cash flow generation.

    Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said:
    “We are pleased today to see Euronext’s rating upgraded by S&P to A-. This upgrade is a strong recognition of the success of the transformation journey we engaged in since the closing of the acquisition of the Borsa Italiana Group. We have pursued our deleveraging path, from 3.2x net debt to EBITDA at the closing of the transaction, to 1.5x at the end of Q3 2024. In the meantime, we continued to return capital to our shareholders, including through our ongoing €300 million share repurchase programme, which was launched in November 2024.
    Euronext is today stronger than ever, with a diversified business profile. Combined with our recognised solid financial position and cash generation, we are in the ideal position to achieve our ambitious targets set out in our new strategic plan ‘Innovate for Growth 2027’.”
    Download S&P report

    CONTACTS  

    ANALYSTS & INVESTORS – ir@euronext.com

    Investor Relations        Aurélie Cohen                 

            Judith Stein        +33 6 15 23 91 97          

    MEDIA – mediateam@euronext.com 

    Europe        Aurélie Cohen         +33 1 70 48 24 45   

            Andrea Monzani         +39 02 72 42 62 13 

    Belgium        Marianne Aalders         +32 26 20 15 01                 

    France, Corporate        Flavio Bornancin-Tomasella        +33 1 70 48 24 45                 

    Ireland        Andrea Monzani         +39 02 72 42 62 13                 

    Italy         Ester Russom         +39 02 72 42 67 56                 

    The Netherlands        Marianne Aalders         +31 20 721 41 33                 

    Norway         Cathrine Lorvik Segerlund        +47 41 69 59 10                 

    Portugal         Sandra Machado        +351 91 777 68 97                

    Corporate Services        Coralie Patri         +33 7 88 34 27 44                  

    About Euronext  

    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway, and Portugal.

    As of December 2024, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway, and Portugal host over 1,800 listed issuers with around €6 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

    For the latest news, go to euronext.com or follow us on X and LinkedIn.

    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

    © 2025, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.

    Attachment

    The MIL Network –

  • MIL-OSI: Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them

    Source: GlobeNewswire (MIL-OSI)

    Noerresundby, Denmark, 3 February 2025
    Announcement no. 05/2025

    According to Article 19 of the Market Abuse Regulation, persons discharging managerial responsibilities and persons closely associated with them must give notice of their transactions with RTX shares to RTX and to the Danish Financial Supervisory Authority. RTX hereby publishes such notifications.

    The transactions by COO Hans Henrik Petersen are documented in the attached PDF appendix.

    RTX A/S

    Attachments

    The MIL Network –

  • MIL-OSI: Scleroseforeningen choose Agillic for personalised member engagement and community impact

    Source: GlobeNewswire (MIL-OSI)

    Press release, Copenhagen, 3 February 2025

    Scleroseforeningen (the Sclerosis Society) is a patient organisation established in 1957 that works on behalf of the more than 100,000 Danes who as patients or relatives feel the consequences of sclerosis. The purpose of the organisation is to fight multiple sclerosis and related disorders, to improve the conditions and quality of life of people with sclerosis and to promote understanding of their situation. 

    ‘Personal’ is at the core of Scelroseforeningen’s values and mission, and they take great pride in knowing their members personally, respecting the individual needs and preferences when engaging and when addressing the supporting community, fundraising and public stakeholders. With that, highly relevant, personalised communication and individual member experiences are non-negotiable. 

    Mogens Damgaard, Head of Communications, Fundraising and Partnerships at Scleroseforeningen explains: “With a growing need and wish to create relevant and personal communication for our members, contributors and volunteers on our email channel, we wanted a platform to help create this vision. Agillic is a leverage for this and allows us to create strategic user journeys and personalisation in all our mails as well as supporting us technically and user-wise.”

    Christian Samsø, CEO at Agillic adds: “Agillic has a proud tradition to support and enable NGOs and charities in their important work, touching millions of people across the Nordics. I am excited to welcome Scleroseforeningen and for them to benefit from our platform’s ability to leverage sensitive data for secure, trusted, and highly personalised member engagement and communication.”

      
    For further information, please contact
    Christian Samsøe, CEO
    +45 24 88 24 24
    christian.samsoe@agillic.com

    About Agillic A/S
    Agillic A/S (Nasdaq First North Growth Market Copenhagen: AGILC) is a Danish software company offering brands a platform through which they can work with data-driven insights and content to create, automate, and send personalised communication to millions. Agillic is headquartered in Copenhagen, Denmark. For further information, please visit agillic.com.

    The MIL Network –

  • MIL-OSI Europe: Minister of Defense of the Republic of Moldova to visit Sweden

    Source: Government of Sweden

    Minister of Defense of the Republic of Moldova to visit Sweden – Government.se

    Please enable javascript in your browser

    Press release from Ministry of Defence

    Published

    On Tuesday 4 February, Minister for Defence Pål Jonson and Minister for Civil Defence Carl-Oskar Bohlin will receive Minister of Defense of the Republic of Moldova, Anatolie Nosatîi at Karlberg Castle.

    In August 2024, Mr Jonson and Mr Bohlin visited the Republic of Moldova, where they signed a Letter of Intent on strengthened defence cooperation. 

    On Tuesday 4 February, Mr Nosatîi will visit Sweden and be received by Mr Jonson and Mr Bohlin. Bilateral meetings and a joint press conference with Mr Jonson and Mr Nosatîi at 11.25 will follow the ceremony.

    The aim of Tuesday’s visit is to deepen and further develop the defence cooperation. The visit will take place in light of the proposal to donate man-portable anti-armour weapons (Saab AT4) to the Republic of Moldova, which the Swedish Government announced on 30 January.

    Press contact

    MIL OSI Europe News –

  • MIL-OSI Europe: Government expands opportunities for Swedish businesses to help support Ukraine’s reconstruction

    Source: Government of Sweden

    Government expands opportunities for Swedish businesses to help support Ukraine’s reconstruction – Government.se

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    Press release from Ministry for Foreign Affairs

    Published

    The Government has amended the conditions and expanded the framework for special export credit guarantees for doing business with Ukraine. The aim is to enable more businesses to export to Ukraine and thus contribute to the country’s sustainable reconstruction. It should now also be possible to offer guarantees with longer maturities, higher coverage and that cover services. The amendments to the regulation took effect on 1 February. The Government has also expanded the existing framework of SEK 333 million to SEK 555 million. In total, guarantees can be offered to a maximum of SEK 888 million.

    “Swedish businesses both want and are able to contribute more to Ukraine’s reconstruction, but they need support that mitigates the risk. The aim of amending the conditions is to make it easier and safer for Swedish companies to export to Ukraine. This is an important step in Sweden’s contribution to the country’s reconstruction,” explains Minister for International Development Cooperation and Foreign Trade Benjamin Dousa.

    The regulation on special export credit guarantees for Ukraine came into force on 1 April 2024. This means that exporting companies can apply for special export credit guarantees through the Swedish Export Credit Agency to do business that helps support economic and social development and welfare in Ukraine. In 2024, SEK 333 million was set aside for these special export credit guarantees for Ukraine, with this amount subsequently raised in 2025 to SEK 888 million.

    The amendments to the regulation will make it even easier for more companies to export to Ukraine. The maximum maturity of the guarantees has been adjusted from three to four years, with coverage expanded from 80 per cent to a maximum of 95 per cent. The amount that can be granted to businesses that form part of the same group has now been raised from SEK 100 million to SEK 300 million.

    Press contact

    MIL OSI Europe News –

  • MIL-OSI Europe: Minister for Foreign Affairs visited Peru

    Source: Government of Sweden

    Minister for Foreign Affairs visited Peru – Government.se

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    Article from Ministry for Foreign Affairs

    Published

    On 30–31 January 2025, Minister for Foreign Affairs Maria Malmer Stenergard visited Peru together with a business delegation. The visit highlights Sweden’s good relations and mutual trade interests with Peru.

    The visit took place in the capital, Lima, and was conducted together with a business delegation in the areas of mining and energy. Ms Malmer Stenergard met with Peru’s Prime Minister Gustavo Adrianzén, Minister of Foreign Affairs Elmer Schialer and Minister of Economy and Finance José Arista. Current foreign policy issues, Swedish-Peruvian trade relations and cooperation in areas such as sustainable mining were included in their discussions.

    Together with Peru’s Vice Minister of Mines and Energy, Ms Malmer Stenergard opened the Sweden-Peru Mining Summit. There are many Swedish businesses operating in Peru, and the Swedish Government sees good opportunities to strengthen cooperation in areas such as trade, mining and green transition.

    MIL OSI Europe News –

  • MIL-OSI United Nations: The Importance of Collaboration between Statisticians and Policymakers for the 2030 Agenda for Sustainable Development

    Source: United Nations Economic Commission for Europe

    National Statistics Offices (NSOs) and Policy departments have had a long-standing relationship where the NSO prepares statistical information to help policy departments make effective policy decisions.  Often, the dialogue between NSOs and policy departments has been limited to the NSO preparing data tables or microdata files for the use of policy makers, with little real communication taking place. 

    However, the enormous amount of data and statistical information required for SDGs coupled with the complex nature of the intersectionality of the SDGs, translates into a need for policy makers and national statistics offices to collaborate and enhance communication to be able to adequately respond to the ambitious nature of the 2030 Agenda.

    This webinar will bring together policy makers and statisticians to discuss how the SDGs have given rise to a deeper level of collaboration.  It will provide opportunity to discuss what works and what does not work from those working on SDG policy and those working to provide the necessary statistics.  It will also provide space to share best practices from real experiences in different countries.

    The webinar was organized by the CES Steering Group on Statistics for SDGs in collaboration with Statistics Canada.

    Keynote speech:

    Mogens Lykketoft – Former Danish Minister of Finance, President of the United Nations General Assembly’s 70th session

    Moderator:

    Cara Williams – IAEG-SDGs Co-chair, SDG statistics focal point, Statistics Canada

    Panelists:

    Cristina Mattson Lundberg – Swedish Ministry of the Environment

    Gabriel Wikström – Sweden’s National Coordinator on the 2030 Agenda

    Viggo Barmen – Swedish Ministry for Foreign Affairs 

    Amit Yagur-Kroll – National focal point for SDG statistics, Israeli Central Bureau of Statistics

    Live Rognerud – SDG data focal point, Statistics Norway

    Olivier Bullion – Director SDG unit, Employment and Social Development Canada

    Renata Bielak – Director SDGs, Statistics Poland

    Presentations:
    Collaboration between statisticians and policy makers for the 2030 Agenda – Sweden

    Broadening the SDG dialogue in Poland – Poland

    MIL OSI United Nations News –

  • MIL-OSI NGOs: Whether Biden Or Trump, US’ Latin American Policy Will Be Contemptible

    Source: Council on Hemispheric Affairs –

    By John Perry and Roger D. Harris

    Migration, Drugs, and Tariffs.

    With Donald Trump as the new US president, pundits are speculating about how US policy towards Latin America might change.

    In this article, we look at some of the speculation, then address three specific instances of how the US’s policy priorities may be viewed from a progressive, Latin American perspective. This leads us to a wider argument: that the way these issues are dealt with is symptomatic of Washington’s paramount objective of sustaining the US’s hegemonic position. In this overriding preoccupation, its policy towards Latin America is only one element, of course, but always of significance because the US hegemon still treats the region as its “backyard.”

    First, some examples of what the pundits are saying. In Foreign Affairs, Brian Winter argues that Trump’s return signals a shift away from Biden’s neglect of the region. “The reason is straightforward,” he says. “Trump’s top domestic priorities of cracking down on unauthorized immigration, stopping the smuggling of fentanyl and other illicit drugs, and reducing the influx of Chinese goods into the United States all depend heavily on policy toward Latin America.”

    Ryan Berg, who is with the thinktank, Center for Strategic and International Studies, funded by the US defense industry, is also hopeful. Trump will “focus U.S. policy more intently on the Western Hemisphere,” he argues, “and in so doing, also shore up its own security and prosperity at home.”

    According to blogger James Bosworth, Biden’s “benign neglect” could be replaced by an “aggressive Monroe Doctrine – deportations, tariff wars, militaristic security policies, demands of fealty towards the US, and a rejection of China.” However, notwithstanding the attention of Trump’s Secretary of State, Marco Rubio, Bosworth thinks there is still a good chance of policy lapsing into benign neglect as the new administration focuses elsewhere.

    The wrong end of the telescope

    What these and similar analyses share is a concern with problems of importance to the US, including domestic ones, and how they might be tackled by shifts in policy towards Latin America. They view the region from the end of a US-mounted telescope.

    Trump’s approach may be the more brazen “America first!,” but the basic stance is much the same as these pundits. The different scenarios will be worked out in Washington, with Latin America’s future seen as shaped by how it handles US policy changes over which it has little influence. Analyses by these supposed experts are constrained by their adopting the same one-dimensional perspective as Washington’s, instead of questioning it.

    Here’s one example. The word “neglect” is superficial because it hides the immense involvement of the US in Latin America even when it is “neglecting” it: from deep commercial ties to a massive military presence. It is also superficial because, in a real sense, the US constantly neglects the problems that concern most Latin Americans: low wages, inequality, being safe in the streets, the damaging effects of climate change, and many more. “Neglect” would be seen very differently on the streets of a Latin American city than it is inside the Washington beltway.

    Who has the “drug problem”?

    The vacuum in US thinking is nowhere more apparent than in responses to the drug problem. Trump threatens to declare Mexican drug cartels to be terrorist organizations and to invade Mexico to attack them.

    But, as academic Carlos Pérez-Ricart told El Pais: “This is a problem that does not originate in Mexico. The source, the demand, and the vectors are not Mexican. It is them.” Mexican President Claudia Sheinbaum also points out that it is consumption in the US that drives drug production and trafficking in Mexico.

    Trump could easily make the same mistake as his predecessor Clinton did two decades ago. Back then, billions were poured into “Plan Colombia” but still failed to solve the “drug problem,” while vastly augmenting violence and human rights violations in the target country.

    A foretaste of what might happen, if Trump carries out his threat, occurred last July, when Biden’s administration captured Ismael “El Mayo” Zambada. That caused an all-out war between cartels in the Mexican state of Sinaloa.

    Sheinbaum rightly turns questions about drug production and consumption back onto the US. Rhetorically, she asks: “Do you believe that fentanyl is not manufactured in the United States?…. Where are the drug cartels in the United States that distribute fentanyl in US cities? Where does the money from the sale of that fentanyl go in the United States?”

    If Trump launches a war on cartels, he will not be the first US president to the treat drug consumption as a foreign issue rather than a concomitantly domestic one.

    Where does the “migration problem” originate?

    Trump is also not the first president to be obsessed by migration. Like drugs, it is seen as a problem to be solved by the countries where the migrants originate, while both the “push” and “pull” factors under US control receive less attention.

    Exploitation of migrant labor, complex asylum procedures, and schemes such as “humanitarian parole” to encourage migration are downplayed as reasons. Biden intensified US sanctions on various Latin American countries, which have been shown conclusively to provoke massive emigration. Meanwhile Trump threatens to do the same.

    Many Latin American countries have been made unsafe by crime linked to drugs or other problems in which the US is implicated. About 392,000 Mexicans were displaced as a result of conflict in 2023 alone, their problem aggravated by the massive, often illegal, export of firearms from the US to Mexico.

    Costa Rica, historically a safe country, had a record 880 homicides in 2023, many of which were related to drug trafficking. In Brazil and other countries, US-trained security forces contribute directly to the violence, rather than reducing it.

    Mass deportations from the US, promised by Trump, could worsen these problems, as happened in El Salvador in the late 1990s. They would also affect remittances sent home by migrant workers, exacerbating regional poverty. The threatened use of tariffs on exports to the US could also have serious consequences if Latin America does not stand up to Trump’s threats. Economist Michael Hudson argues that countries will have to jointly retaliate by refusing to pay dollar-based debts to bond holders if export earnings from the US are summarily cut.

    China in the US “backyard”

    Trump also joins the Washington consensus in its preoccupation with China’s influence in Latin America. Monica de Bolle is with the Peterson Institute for International Economics, a thinktank partly funded by Pentagon contractors. She told the BBC: “You have got the backyard of America engaging directly with China. That’s going to be problematic.”

    Recently retired US Southern Command general, Laura Richardson, was probably the most senior frequent visitor on Washington’s behalf to Latin American capitals, during the Biden administration. She accused China of “playing the ‘long game’ with its development of dual-use sites and facilities throughout the region, “adding that those sites could serve as “points of future multi-domain access for the PLA [People’s Liberation Army] and strategic naval chokepoints.”

    As Foreign Affairs points out, Latin America’s trade with China has “exploded” from $18 billion in 2002 to $480 billion in 2023. China is also investing in huge infrastructure projects, and seemingly its only political condition is a preference for a country to recognize China diplomatically (not Taiwan). Even here, China is not absolute as with Guatemala, Haiti, and Paraguay, which still recognize Taiwan. China still has direct investments in those holdouts, though relatively more modest than with regional countries that fully embrace its one-China policy.

    Peru, currently a close US ally, has a new, Chinese-funded megaport at Chancay, opened in November by President Xi Jinping himself. Even right-wing Argentinian president Milei said of China, “They do not demand anything [in return].”

    What does the US offer instead? While Antony Blinken proudly displayed old railcars that were gifted to Peru, the reality is that most US “aid” to Latin America is either aimed at “promoting democracy” (i.e. Washington’s political agenda) or is conditional or exploitative in other ways.

    The BBC cites “seasoned observers” who believe that Washington is paying the price for “years of indifference” towards the region’s needs. Where the US sees a loss of strategic influence to China and to a lesser extent to Russia, Iran, and others, Latin American countries see opportunities for development and economic progress.

    Remember the Monroe Doctrine

    Those calling for a more “benign” policy are forgetting that, in the two centuries since President James Monroe announced the “doctrine,” later given his name, US policy towards Latin America has been aggressively self-interested.

    Its troops have intervened thousands of times in the region and have occupied its countries on numerous occasions. Just since World War II, there have been around 50 significant interventions or coup attempts, beginning with Guatemala in 1954. The US has 76 military bases across the region, while other major powers like China and Russia have none.

    The doctrine is very much alive. In Foreign Affairs, Brian Winter warns: “Many Republicans perceive these linkages [with China], and the growing Chinese presence in Latin America more broadly, as unacceptable violations of the Monroe Doctrine, the 201-year-old edict that the Western Hemisphere should be free of interference from outside powers.”

    Bosworth adds that Trump wants Latin America to decisively choose a side in the US vs China scrimmage, not merely underplay the role of China in the hemisphere. Any country courting Trump, he suggests, “needs to show some anti-China vibes.”

    Will Freeman is with the Council on Foreign Relations, whose major sponsors are also Pentagon contractors. He thinks that a new Monroe Doctrine and what he calls Trump’s “hardball” diplomacy may partially work, but only with northern Latin America countries, which are more dependent on US trade and other links.

    Trump has two imperatives: while one is stifling China’s influence (e.g. by taking possession of the Panama Canal), another is gaining control of mineral resources (a reason for his wanting to acquire Greenland). The desire for mineral resources is not new, either. General Richardson gave an interview in 2023 to another defense-industry-funded thinktank in which she strongly insinuated that Latin American minerals rightly belong to the US.

    Maintaining hegemonic power against the threat of multipolarity

    Neoconservative Charles Krauthammer, writing 20 years ago for yet another thinktank funded by the  defense industry, openly endorsed the US’s status as the dominant hegemonic power and decried multilateralism, at least when not in US interests. “Multipolarity, yes, when there is no alternative,” he said. “But not when there is. Not when we have the unique imbalance of power that we enjoy today.”

    Norwegian commentator Glen Diesen, writing in 2024, contends that the US is still fighting a battle – although perhaps now a losing one – against multipolarity and to retain its predominant status. Trump’s “America first!” is merely a more blatant expression of sentiments held by his other presidential predecessors for clinging on to Washington’s contested hegemony.

    The irony of Biden’s presidency was that his pursuit of the Ukraine war has led to warmer relations between his two rivals, Russia and China. In this context, the growth of BRICS has been fostered – an explicitly multipolar, non-hegemonic partnership. As Glen Diesen says, “The war intensified the global decoupling from the West.”

    Other steps to maintain US hegemony – its support for Israel’s genocide in Gaza, the regime-change operation in Syria and the breakdown of order in Haiti – suggest that, in Washington’s view, according to Diesen, “chaos is the only alternative to US global dominance.” Time and again, Yankee “beneficence” has meant ruination, not development.

    These have further strengthened desires in the global south for alternatives to US dominance, not least in Latin America. Many of its countries (especially those vulnerable to tightening US sanctions) now want to follow the alternative of BRICS.

    Unsurprisingly, Trump has been highly critical of this perceived erosion of hegemonic power on Biden’s watch. Thomas Fazi argues in UnHerd that this is realism on Trump’s part; he knows the Ukraine war cannot be conclusively won, and that China’s power is difficult to contain. Accordingly, this is leading to a “recalibrating of US priorities toward a more manageable ‘continental’ strategy — a new Monroe Doctrine — aimed at reasserting full hegemony over what it deems to be its natural sphere of influence, the Americas and the northern Atlantic,” stretching from Greenland and the Arctic to Tierra del Fuego and Antarctica.

    The pundits may not agree on quite what Trump’s approach towards Latin America will be, but they concur with Winter’s judgment that the region “is about to become a priority for US foreign policy.” His appointment of Marco Rubio is a signal of this. The new secretary of state is a hawk, just like Blinken, but one with a dangerous focus on Latin America.

    However, the mere fact that such pundits hark back to the Monroe Doctrine indicates that this is only, so to speak, old wine in new bottles. Even in the recent past, an aggressive application of the 201-year-old Monroe Doctrine has never seen a hiatus.

    Recall US-backed coups that deposed Honduran President Manuel Zelaya (2009) and Bolivian Evo Morales (2019), plus the failed coup against Daniel Ortega in Nicaragua (2018), along with the parliamentary coup that ousted Paraguayan Fernando Lugo (2012). To these, US-backed regime change by “lawfare” included Dilma Rousseff in Brazil (2016) and Pedro Castillo in Peru (2023). Currently presidential elections have simply been suspended in Haiti and Peru with US backing.

    Even if Trump is more blatant than his predecessors in making clear that his policymaking is based entirely on what he perceives to be US interests, rather than those of Latin Americans, this is not new.

    As commentator Caitlin Johnstone points out, the main difference between Trump and his predecessors is that he “makes the US empire much more transparent and unhidden.” From the other end of the political spectrum, a former John McCain adviser echoes the same assessment: “there will likely be far more continuity between the two administrations than meets the eye.”

    Regardless, Latin America will continue to struggle to set its own destiny, patchily and with setbacks, and this will likely draw it away from the hegemon, whatever the US does.

    Nicaragua-based John Perry is with the Nicaragua Solidarity Coalition and writes for the London Review of Books, FAIR, and CovertAction.

    Roger D. Harris is with the Task Force on the Americas, the US Peace Council, and the Venezuela Solidarity Network

    Featured image courtesy of Cornell University/Wikimedia Commons

    First published by Popular Resistance: https://popularresistance.org/whether-biden-or-trump-us-latin-american-policy-will-still-be-contemptible/

    MIL OSI NGO –

  • MIL-OSI: Udbytter i Investeringsforeningen Nordea Invest for 2024

    Source: GlobeNewswire (MIL-OSI)

    Bestyrelsen i Investeringsforeningen Nordea Invest vil indstille nedenstående udbytter for afdelinger i Investeringsforeningen Nordea Invest til godkendelse på foreningens ordinære generalforsamling den 7. april 2025.

    Udbytterne fragår kursen den 4. februar 2025 og udbetales den 6. februar 2025.

    Hvis en afdeling ikke fremgår af listen, skyldes det, at der ikke udbetales udbytte.

    Afdeling ISIN Udbytte i kr. i alt pr. andel Aconto udbytte i kr. pr. andel Udbytte i kr. pr. andel til udbetaling den 6. februar 2025
    Aktier Ansvarlig KL 1 DK0061116027 8,8 0,0 8,8
    Aktier KL 1 DK0010250158 17,8 0,0 17,8
    Aktier II KL 1 DK0015357065 59,5 0,0 59,5
    Basis 2 KL 1 DK0016195944 5,4 0,0 5,4
    Basis 3 KL 1 DK0016196082 9,5 0,0 9,5
    Basis 4 KL 1 DK0060075893 9,0 0,0 9,0
    Danmark KL 1 DK0010265859 12,6 0,0 12,6
    Danske aktier fokus KL 1 DK0060012466 15,9 0,0 15,9
    Emerging Markets Enhanced KL 1 DK0060950111 1,8 0,0 1,8
    Emerging Markets KL 1 DK0010308170 6,1 0,0 6,1
    Europe Enhanced KL 1 DK0060949964 6,7 0,0 6,7
    European Small Cap Stars KL 1 DK0015960983 8,2 0,0 8,2
    European Stars KL 1 DK0010265693 8,3 0,0 8,3
    Global Enhanced KL 1 DK0060949881 8,1 0,0 8,1
    Global Small Cap Enhanced KL 1 DK0061112893 14,5 0,0 14,5
    Global Small Cap KL 1 DK0016050974 3,7 0,0 3,7
    Global Stars KL 1 DK0010301324 14,7 0,0 14,7
    Globale Aktier Indeks KL 1 DK0060451623 14,5 0,0 14,5
    Globale obligationer KL 1 DK0010170398 2,25 0,0 2,25
    Globale UdbytteAktier KL 1 DK0010265503 19,1 0,0 19,1
    HøjrenteLande KL 1 DK0016254899 2,0 0,0 2,0
    Japan Enhanced KL 1 DK0060950038 2,5 0,0 2,5
    Klima og Miljø KL 1 DK0060192185 11,0 0,0 11,0
    Korte obligationer Lagerbeskattet KL 1 DK0060014678 2,0 0,0 2,0
    Korte obligationer KL 1 DK0060268506 1,2 1,2 0,0
    Mellemlange obligationer KL 1 DK0015168686 1,4 1,4 0,0
    Nordic Small Cap KL 1 DK0015974695 33,6 0,0 33,6
    Nordic Stars KL 1 DK0060095735 3,5 0,0 3,5
    North America Enhanced KL 1 DK0060831451 19,3 0,0 19,3
    North American Stars KL 1 DK0010265776 4,0 0,0 4,0
    Obligationer Ansvarlig KL 1 DK0061139748 1,5 0,0 1,5
    Stabil Balanceret KL 1 DK0060014595 2,0 0,0 2,0
    Stabile Aktier KL 1 DK0060048304 8,7 0,0 8,7
    Virksomhedsobligationer Højrente KL1 DK0016067432 2,5 0,0 2,5

    Med venlig hilsen
    Nordea Fund Management, filial af Nordea Funds Oy, Finland

    Rasmus Eske Bruun
    Filialbestyrer

    The MIL Network –

  • MIL-OSI: Ress Life Investments A/S:

    Source: GlobeNewswire (MIL-OSI)

    Ress Life Investments
    Nybrogade 12
    DK-1203 Copenhagen K
    Denmark
    CVR nr. 33593163
    www.resslifeinvestments.com

    To: Nasdaq Copenhagen
    Date: 3 February 2025

    Corporate Announcement 04/2025

    Ress Life Investments A/S will begin publishing daily NAV in EUR.

    Ress Life Investments A/S will on 5 February 2025 begin publishing the Net Asset Value (NAV) per share in EUR on a daily basis.

    The NAV in EUR will be published on the website of Nasdaq Copenhagen under the section AIF Companies and Funds, where the bid and ask prices are already published.

    The daily NAV in EUR will be calculated as the most recently published NAV in USD divided by the European Central Bank’s EUR/USD reference rate on the relevant day.

    NAV in USD will continue to be published twice per month, on the 15th and on the last day of the month through sending corporate announcements via Nasdaq GlobeNewswire.  

    The aim with this improvement is to enable market participants to more easily find the current Net Asset Value in EUR and thus improve transparency.

    Questions related to this announcement can be made to the company’s AIF-manager, Resscapital AB.

    Contact person:
    Gustaf Hagerud
    gustaf.hagerud@resscapital.com
    Tel + 46 8 545 282 27

    Note: The terms for subscription of shares, minimum subscription amount and redemption of shares are provided in the Articles of Association, Information Brochure and in the Key Information Document available on the Company’s website, www.resslifeinvestments.com.

    Attachment

    The MIL Network –

  • MIL-OSI Economics: The turnover from card payments continued to increase in 2024

    Source: Danmarks Nationalbank

    Of the total card turnover in Denmark in 2024, the vast majority, kr. 616 billion, came from transactions made by Danes, while the remaining kr. 45 billion came from transactions made by foreigners. In comparison, Danes reached a card turnover of kr. 158 billion abroad in 2024, which is 16 percent higher than in 2023. 

    Keep track of the daily card turnover

    As a supplement to the quarterly payment statistics, which include information on the total card turnover in Denmark, Danmarks Nationalbank continuously publishes payment statistics based on daily payment card transactions in the card acquiring market in Denmark. The information is collected from six card payment acquirers in Denmark and is therefore not a complete record. This means that there will be differences in the coverage of the two statistics. Despite this, the development in card turnover in Denmark is comparable for the two statistics. In the daily payment statistics, one can already see how card turnover has developed up to and including January 19, 2025.  

    There are particularly large differences between the two reports in the period from the 2nd quarter og 2020 to the 2nd quarter of 2021. Part of the explanation for the differences in this period is the changed consumption and payment patterns during the COVID-19 pandemic.

    MIL OSI Economics –

  • MIL-Evening Report: The AEC wants to stop AI and misinformation. But it’s up against a problem that is deep and dark

    Source: The Conversation (Au and NZ) – By Susan Grantham, Lecturer in Communication, Griffith University

    From the moment you open your social media feed, you’re stepping into a digital battleground where not all political messages are what they seem.

    The upcoming federal election will see an influx of deepfakes, doctored images, and tailored narratives that blur the line between fact and fiction.

    Last week, the Australian Electoral Commission (AEC) relaunched its Stop and Consider campaign. The campaign urges voters to pause and reflect, particularly regarding information about how to vote. But its message applies to all forms of misinformation.

    AEC Commissioner Jeff Pope warns:

    A federal election must be held in the next few months, so now is the perfect time to encourage all Australians to have a healthy degree of scepticism when it comes to what they see, hear or read.

    The simple directives outlined in this campaign are designed to slow the spread of misleading information in a digital age where algorithms boost engagement at speed.

    So how effective is it likely to be in helping voters sift the real from the fake? While the campaign benefits from the AEC’s credibility and its accessible message, it also faces significant hurdles.

    Digital deception in action

    In 2024, AI made a notable impact on international political campaigns.

    In the US, the Federal Communications Commission fined a political consultant $6 million for orchestrating fake robocalls that featured an AI-generated deepfake of President Joe Biden’s voice.

    During India’s 2024 election, Meta (which owns Facebook) approved AI-manipulated ads spreading disinformation and hate. This exacerbated divisive narratives and failing to regulate harmful content.

    Meanwhile, the Australian Labor Party deployed an AI-generated video of opposition leader Peter Dutton as part of its online efforts.

    Additionally, the Liberal Party has again engaged duo Topham Guerin, who are known for their use of AI and controversial political tactics.

    Political leaders are increasingly turning to platforms like TikTok to attract votes. But one of the problems with TikTok for users is that it encourages endless scrolling and can cause users to miss subtle inaccuracies.

    Adding to these concerns is a recent scam in which doctored images and fabricated celebrity headlines were circulated. It created the illusion of legitimacy and defrauded many Australians of their money.

    These incidents are a stark reminder of how quickly digital manipulation can mislead, whether in commercial scams or political messaging.

    But are we taking it seriously?

    South Korea has taken a decisive stance against AI-generated deepfakes in political campaigns by banning them outright. Penalties include up to seven years in prison or fines of 50 million won (A$55,400). This measure forms part of a broader legal framework designed to enforce transparency, accountability, and ethical AI use.

    In Australia, teal independents are calling for stricter truth in political advertising laws. The proposed laws aim to impose civil penalties for misleading political ads, including disinformation and hate speech.

    However, combating misinformation created by anonymous or unknown parties, such as AI-generated deepfakes, remains a challenge that may require further regulatory measures and technological solutions.

    All of this is unfolding at a time when the approach to fact-checking is itself in flux. In January, Meta made headlines by scrapping its third-party fact-checking program in the US. This was done in favour of a “community notes” system. The change was championed by CEO Mark Zuckerberg as a way to reduce censorship and protect free expression.

    However, critics warn that without independent oversight, misinformation could spread more easily, potentially leading to a surge in hate speech and harmful rhetoric. These shifts in digital policy only add to the challenge of ensuring that voters receive reliable information.

    So, will the AEC’s campaign have any effect?

    Amid these challenges, the “Stop and Consider” campaign arrives at a critical moment. Yet despite scholars’ repeated calls to embed digital literacy in school curriculums and community programs, these recommendations often go unheard.

    The campaign is a positive step, offering guidance in an era of rapid digital manipulation. The simple message – to pause and verify political content — can help foster a more discerning electorate.

    However, given the volume of misinformation and sophisticated targeting techniques, the campaign alone is unlikely to be a silver bullet. Political campaigns are growing ever more sophisticated. With the introduction of anonymous deepfakes, voters, educators, regulators, and platforms must work together to ensure the truth isn’t lost in digital noise.

    A robust foundation in digital literacy is vital. Not only for this campaign to work but to help society distinguish credible sources from deceptive content. We must empower future voters to navigate the complexities of our digital world and engage more fully in democracy.

    Globally, diverse strategies provide valuable insights.

    While Australia’s “Stop and Consider” campaign takes a reflective approach, Sweden’s “Bli inte lurad” initiative is refreshingly direct. It warns citizens: “Don’t be fooled.”

    By delivering clear, actionable tips to spot scams and misleading content, the Swedish model leverages its strong tradition of public education and consumer protection.

    This no-nonsense strategy reinforces digital literacy efforts. It also highlights that safeguarding the public from digital manipulation requires both proactive education and robust regulatory measures.

    It may be time for Australian regulators to act decisively to protect the integrity of democracy.

    Susan Grantham 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. The AEC wants to stop AI and misinformation. But it’s up against a problem that is deep and dark – https://theconversation.com/the-aec-wants-to-stop-ai-and-misinformation-but-its-up-against-a-problem-that-is-deep-and-dark-248773

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Australia spends $714 per person on roads every year – but just 90 cents goes to walking, wheeling and cycling

    Source: The Conversation (Au and NZ) – By Matthew Mclaughlin, Adjunct Research Fellow, The University of Western Australia

    Nick Starichenko/Shutterstock

    What could you buy for 90 cents? Not much – perhaps a banana.

    Unfortunately, that’s how much the Australian government has invested per person annually on walking, wheeling and cycling over the past 20 years.

    How would Australians’ lives change if that figure rose?



    Read more:
    What makes a city great for running and how can we promote ‘runnability’ in urban design?

    The state of play here and overseas

    From 2008-2028, the federal government spent $384 million on the following active transport investments:

    All up, about $714 per person is spent annually on roads; 90 cents out of this $714 is just pocket change.

    Even if you don’t want to walk, wheel or ride, you should care because less driving helps everyone, including other drivers, who benefit from reduced traffic.

    As a result of this over-investment in car road-building, Australia has the smallest number of walking trips of 15 comparable countries across Western Europe and North America.

    Cycling rates are equally dismal.

    Globally, the United Nations recommends nations spend 20% of their transport budgets on walking and cycling infrastructure.

    Countries like France, Scotland, the Netherlands, Denmark, Sweden and the largest cities in China invest between 10% and 20%.

    These places were not always known for walking and cycling – it took sustained redirecting of investment from roads to walking and cycling.

    Meanwhile, many Australians are dependent on cars because they have no other choice in terms of transport options.

    Why spend more on walking and cycling?

    Road use is inherently dangerous – in Australia last year, more than 1,300 people died on our roads, which is more than 25 people a week.

    Owning a car can also be expensive, which is especially concerning for those struggling with the cost-of-living.

    The typical Australian household spends 17% of its income on transport – with car ownership making up 92.5% of that figure, compared to 7.5% on public transport.

    Many Australians feel forced to own a car to get around, so investing in paths and public transport provides people the freedom to get around how they choose.

    Congestion is getting worse in most major cities and we can’t build our way out of it with more or wider roads.

    About two-thirds of car journeys in our cities could be walked, wheeled or cycled in 15 minutes or less, but these short car trips clog up our roads with traffic.

    A major source of all emissions in Australia are from driving.

    If more people felt safe to walk, cycle or take public transport, it would reduce this major emissions source.

    There is a strong rationale and economic argument, too. The NSW government has estimated every kilometre walked benefits the national economy by $6.30, while every kilometre cycled benefits the economy by $4.10.

    This means that by simply walking 500 metres to the local shops and back, you’re saving the economy about $6, while riding five kilometres to work and back saves a whopping $41 for the economy.

    But where could we get this funding from?

    Redirecting funding from the current road budget makes the most sense, because getting more people walking, wheeling and cycling eases pressure on the transport system (think of school holiday traffic).

    This is a popular proposition. One study found two-thirds of Australians supported the redirection of funding from roads to walking and cycling infrastructure. Another found many Australians support building more walking and cycling paths where they live.

    This is not a partisan issue: all Australians in all communities would benefit, including drivers who would face less traffic and enjoy more parking availability.

    Unfortunately, false solutions to our unwalkable and un-cycleable communities continue to derail our focus on fixing the root cause of our problems. For example, telling people to ride to work, while not providing them a safe place to do so, doesn’t make sense.

    What could $15 per person get us?

    Investing $15 per Australian per year would create a better built environment to walk, wheel or ride and deliver significant economic, social and environmental benefits.

    If this was matched with 50:50 funding from state and territory governments (which often happens with transport projects) over a ten-year period, this investment would deliver the four national projects already shortlisted on Infrastructure Australia’s infrastructure priority list for our largest capital cities: Sydney, Melbourne, Perth, Brisbane.

    It could also fund up to 15 regional cities to build comprehensive networks. Wagga Wagga for example, is about to finish building a 56 kilometre network of walking and cycling paths. As a result, those using the network are 3.7 times more likely to meet physical activity guidelines than those who don’t.

    Such an investment could also fund supporting initiatives, such as electric bike subsidies which have proven extremely popular in both Queensland and Tasmania.

    What could $10 or $5 per person get us?

    The Australian government could invest less than $15 per person – at $5 or $10 per year, the key projects outlined in Infrastructure Australia’s infrastructure priority list could still be targeted, but those would just take proportionally longer because there is less money.

    Or, instead of investing in the four capital cities on the infrastructure priority list, it could invest in two.

    A different approach could be to spend $5 or $10 to fund infrastructure for regional towns, but this wouldn’t help the problems in our capital cities.

    When it comes to transport, the saying goes “we get what we build” – so if we build more roads, we get more people driving. If we build paths, we get more people walking and cycling short journeys and our roads are less congested.

    We need bold solutions, and $15 should be seen not as an extravagance.

    Acknowledgement: We would like to thank Sara Stace, President of Better Streets Australia, for her expertise in discussions regarding this article.

    Dr Matthew ‘Tepi’ Mclaughlin has received research funding from government research funding organisations. He is currently a Board Member of Better Streets.

    Peter McCue receives an Australian Postgraduate Research Award to study a PhD. He is a member of the Executive Committee and Chair of the Advocacy Committee of the Asia-Pacific Society for Physical Activity.

    Grant Ennis 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. Australia spends $714 per person on roads every year – but just 90 cents goes to walking, wheeling and cycling – https://theconversation.com/australia-spends-714-per-person-on-roads-every-year-but-just-90-cents-goes-to-walking-wheeling-and-cycling-247902

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Canada: Government of Yukon invests $2.3 million in Planet Youth pilot project to address youth substance use

    Government of Yukon invests $2.3 million in Planet Youth pilot project to address youth substance use
    jlutz

    The Government of Yukon is investing $2.3 million for four Yukon First Nations to participate in a five-year Planet Youth pilot project addressing youth substance use. The First Nation of Nacho Nyak Dun, working with both Little Salmon/Carmacks First Nation and Selkirk First Nation, and Vuntut Gwitchin First Nation will each implement Planet Youth’s evidence-based Icelandic Prevention Model to address various issues affecting youth in their communities including substance use, mental health, social integration and resilience building.

    As a key prevention action under the Substance Use Health Emergency Strategy, this initiative focuses on community-driven, data-informed strategies to reduce youth substance use and foster healthier environments. The two selected applications demonstrate a clear understanding of the Planet Youth model’s values and propose robust plans for diverse community coalitions to support its implementation.

    The Vuntut Gwitchin First Nation’s application highlights the model’s potential to help identify local needs and encourage youth and community engagement through data-driven efforts.

    Similarly, the application submitted by First Nation of Nacho Nyak Dun, Little Salmon/Carmacks First Nation and Selkirk First Nation emphasizes how the model aligns with their cultural traditions of collective responsibility and community-driven action. The three First Nations’ coalition approach incorporates the involvement of Elders, Knowledge Keepers and representatives across their communities to design and execute prevention strategies tailored to local challenges and opportunities.

    In 2025, the pilot project will start with planning and developing educational modules in collaboration with the Planet Youth team. Comprehensive data collection and action implementation will follow in 2026–27.

    This milestone is a significant step in the Yukon’s Substance Use Health Emergency Strategy, aiming to reduce substance use and improve the overall health and wellbeing among Yukon youth.

    MIL OSI Canada News –

  • MIL-OSI United Nations: UNECE/EFTA Workshop on Modernizing Statistical Legislation

    Source: United Nations Economic Commission for Europe

    The workshop will provide a platform for sharing experience in modernizing legal and institutional frameworks of official statistics and discussing emerging issues posing legal challenges to national statistical systems. The target audience for the meeting will be experts from national statistical offices and international organizations interested in strengthening the legal framework of official statistics and legal aspects of data access, governance, and stewardship.

    The workshop will be organized by the Steering Group on Statistical Legislation, including Albania, Armenia, Greece, Ireland, Latvia, Norway, Poland, Spain, the United Kingdom, EFTA, Eurostat, the Organisation for Economic Co-operation and Development (OECD), the United Nations Statistics Division (UNSD) and UNECE, with support of EFTA and hosted by the Institute of Statistics of Albania (INSTAT).

    Papers and presentations are available under each session heading below. 

    GET TO KNOW THE SPEAKERS

    MIL OSI United Nations News –