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  • MIL-OSI Asia-Pac: International Women’s Day 2025

    Source: Government of India (2)

    International Women’s Day 2025

    Empowered Women Empower the World

    Posted On: 06 MAR 2025 9:39AM by PIB Delhi

    Introduction

    International Women’s Day is celebrated around the world on 8th March. It is a day when women are recognized for their achievements across national, ethnic, linguistic, cultural, economic or political boundaries. The theme of International Women’s Day 2025 is “For ALL Women and Girls: Rights. Equality. Empowerment.” This year’s theme calls for action to unlock equal rights, power and opportunities for all and an inclusive future where no one is left behind. Central to this vision is empowering the next generation—youth, particularly young women and adolescent girls—as catalysts for lasting change.

    Further, the year 2025 is a pivotal moment as it marks the 30thanniversary of the Beijing Declaration and Platform for Action. This document is the most progressive and widely endorsed blueprint for women’s and girls’ rights worldwide, transforming the women’s rights agenda in terms of legal protection, access to services, youth engagement, and change in social norms, stereotypes, and ideas stuck in the past.

    In India, the government has been actively working towards women’s empowerment and gender equality through various policies, schemes, and legislative measures. The country is witnessing a transition from women’s development to women-led development, ensuring equal participation in national progress. Women are playing a crucial role in shaping India’s socio-economic landscape, breaking barriers in education, health, digital inclusion, and leadership roles.

    On March 3, 2025, Prime Minister Narendra Modi encouraged women across India to share their inspiring life journeys on the NaMo App Open Forum ahead of International Women’s Day. He praised the remarkable stories already submitted, highlighting the resilience and achievements of women from different walks of life. As a special initiative, he announced that selected women would take over his social media accounts on March 8 to amplify their voices and experiences. This initiative aims to celebrate women’s contributions and inspire others by showcasing their journey of empowerment, perseverance, and success.

    Constitutional and Legal Framework

    The Indian Constitution guarantees gender equality through provisions in its Preamble, Fundamental Rights, and Directive Principles of State Policy. Article 14 ensures equality before the law, while Article 15 prohibits discrimination based on sex. Article 51(a)(e) encourages citizens to renounce practices derogatory to women’s dignity. The Directive Principles, particularly Articles 39 and 42, emphasize equal livelihood opportunities, equal pay, and maternity relief.

    India is a signatory to international treaties such as:

    • Universal Declaration of Human Rights (1948)
    • International Covenant on Civil and Political Rights (ICCPR, 1966)
    • Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW, 1979)
    • Beijing Declaration and Platform for Action (1995)
    • United Nations Convention Against Corruption (2003)
    • Agenda 2030 for Sustainable Development

     

    Government Schemes for Women’s Upliftment

    1. Education

    Education is the key to women’s empowerment and economic independence. India has undertaken several initiatives to ensure that girls have equal access to quality education from primary schooling to higher education. Gender parity in education has improved significantly, with female enrolment surpassing male enrolment in recent years.

    • Right to Free and Compulsory Education Act, 2009 ensures schools are within reach for all children.
    • Beti Bachao Beti Padhao (BBBP): Focuses on improving the child sex ratio and promoting girls’ education.
    • Samagra Shiksha Abhiyan: Supports school infrastructure and girl-friendly facilities.
    • National Education Policy (NEP) 2020 prioritizes gender equity and inclusion in education.
    • Eklavya Model Residential Schools: Promote quality education for tribal girls
    • Female Gross Enrollment Ratio (GER) has overtaken Male GER since 2017-18.
    • Female enrolment in higher education: 2.07 crore (2021-22), which is nearly 50% of the total number 4.33 crore.
    • The female to 100 male faculty ratio has also improved to 77 in 2021-22 from 63 in 2014-15.
    • Women in STEM: 42.57% (41.9 lakh) of total STEM enrolment.
    • STEM Initiatives:
      • Vigyan Jyoti (2020) promotes STEM education for girls in underrepresented areas.
    • Overseas Fellowship Scheme supports women scientists in global research opportunities.
    • National Digital Library, SWAYAM, and SWAYAM PRABHA ensure access to online learning.
    • Over 10 lakh girl students benefitted under various scholarships for STEM fields.
    • Skill Development Initiatives:
      • Skill India Mission, Pradhan Mantri Kaushal Vikas Yojana (PMKVY), Women Industrial Training Institutes provide vocational and technical training to women.
      • Women Technology Parks (WTPs) serve as hubs for training and capacity building.

     

    2. Health and Nutrition

    Access to healthcare services is crucial for improving the well-being of women and reducing gender-based health disparities. The government has introduced several policies to ensure maternal and child health, nutrition, and medical support for women across all sections of society.

    • Pradhan Mantri Matru Vandana Yojana (PMMVY): Provides cash incentives to pregnant and lactating mothers, with ₹17,362 crore disbursed to 3.81 crore women, as of January 2025.
    • Improved Maternal Health:
      • Maternal Mortality Rate (MMR) reduced from 130 (2014-16) to 97 (2018-20) per lakh live births.
      • Under-5 Mortality Rate (U5MR) decreased from 43 (2015) to 32 (2020).
      • Life expectancy for women increased to 71.4 years (2016-20), expected to reach 74.7 years by 2031-36.
    • Nutrition and Sanitation:
      • Jal Jeevan Mission provided potable tap water to 15.4 crore households, reducing health risks.
      • Swachh Bharat Mission led to the construction of 11.8 crore toilets, improving sanitation and hygiene.
      • Poshan Abhiyaan: Strengthens maternal and child nutrition programs
      • Over 10.3 crore clean cooking gas connections distributed under the Ujjwala Yojana.

     

    3. Economic Empowerment and Financial Inclusion

    Women’s participation in the workforce is a key driver of economic growth. The government has launched multiple initiatives to promote financial independence, entrepreneurship, and employment opportunities for women.

    • Women’s participation in major household decisions: Increased from 84% (2015) to 88.7% (2020).
    • Financial Inclusion:
      • PM Jan Dhan Yojana: Over 30.46 crore accounts (55% belonging to women) opened.
      • Stand-Up India Scheme: 84% of loans under ₹10 lakh to ₹1 crore sanctioned to women entrepreneurs.
      • MUDRA Scheme: 69% of microloans given to women-led enterprises.
    • Self-Help Groups under NRLM: 10 crore (100 million) women connected to 9 million SHGs.
    • Bank Sakhis Model: 6,094 women banking correspondents processed transactions worth $40 million in 2020.
    • Employment and Leadership:
      • Women in Armed Forces: Entry into NDA, combat roles, and Sainik Schools.
      • Civil Aviation: India has over 15% women pilots, higher than the global average of 5%.
      • Working Women’s Hostels (Sakhi Niwas): 523 hostels benefiting 26,306 women.
    • Women Entrepreneurs in Startups: 10% of funds in the Small Industries Development Bank of India reserved for women-led startups

     

    4. Digital and Technological Empowerment

    In the digital era, access to technology and digital literacy are crucial for women’s socio-economic progress. The government has been proactive in ensuring women are part of the digital revolution through various initiatives.

    • Digital India Initiatives:
      • PMGDISHA (Prime Minister’s Digital Saksharta Abhiyan): 60 million rural citizens trained in digital literacy.
      • Common Service Centres (CSCs): 67,000 women entrepreneurs running digital service centers.
      • Ayushman Bharat Digital Mission (ABDM): Bridging healthcare accessibility through digital solutions.
      • SANKALP Hubs for Women Empowerment: Functioning in 742 districts across 35 States/UTs
    • Financial Technology and Inclusion:
      • Digital banking and Aadhaar-linked services ensure financial security for women.
      • Government e-marketplaces encourage female entrepreneurship and online businesses.

     

    5. Safety and Protection

    Ensuring women’s safety is a top priority for the Indian government. Several legislative measures, dedicated funds, and fast-track courts have been established to curb crimes against women and provide legal and institutional support.

    • Key Legal Frameworks:
      • Criminal Law (Amendment) Act, 2018: Enhanced penalties for crimes against women.
      • Protection of Women from Domestic Violence Act, 2005.
      • Sexual Harassment of Women at Workplace Act, 2013.
      • POCSO Act, 2012: Strengthened laws against child abuse.
      • Ban on Triple Talaq (2019): Criminalizing instant divorce practices.
      • Dowry Prohibition Act, 1961: Penalizes dowry-related offenses.
      • Prohibition of Child Marriage Act, 2006: Protects minors from forced marriages.
    • Nirbhaya Fund Projects (₹11,298 crore allocated):
      • One Stop Centres (OSCs): 802 centers functional, assisting over 1 million women.
      • Emergency Response Support System (ERSS – 112): 38.34 crore calls handled.
      • Fast Track Special Courts (FTSCs): 750 operational courts, 408 exclusively for POCSO cases.
      • Cyber Crime Helpline (1930) and cyber forensic labs for digital safety.
      • Safe City Projects: Implemented in 8 cities to enhance women’s safety.
      • 14,658 Women Help Desks in Police Stations, 13,743 headed by women.
    • Institutional and Legislative Reforms
      • Bharatiya Nyaya Sanhita (BNS), 2023: Strengthens provisions for gender justice.
      • Marital rape (for wives under 18) criminalized.
      • Enhanced punishment for sexual offenses and trafficking.
      • Witness protection and digital evidence admissibility improved.
      • Women’s representation in CAPFs: 33% reservation in select forces.
      • Nari Adalat: Piloted in 50 Gram Panchayats each in Assam and J&K, now expanding.

     

    Conclusion

    India has made remarkable progress in women’s empowerment through comprehensive policies, targeted schemes, and legal frameworks. From economic participation to safety, digital inclusion to education, the government’s initiatives have led to significant improvements in women’s lives. On this International Women’s Day, it is crucial to reaffirm the commitment to building an inclusive, gender-equal society where women play a central role in shaping the nation’s future. Sustained efforts in policy-making, community engagement, and digital inclusion will ensure that women continue to drive India’s growth story in the years to come.

    References

    Ministry of Women and Child Development

    https://www.pmindia.gov.in/en/news_updates/pm-encourages-women-to-share-their-inspiring-life-journeys/

    https://www.un.org/en/observances/womens-day/background

    https://www.un.org/en/observances/womens-day

    Click here to see PDF.

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    Santosh Kumar | Ritu Kataria | Rishita Aggarwal

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Shri Pinarayi Vijayan, Hon. Chief Minister of Kerala Inaugurates Advanced Cybersecurity Operations Centre (SOC) of Kerala Police developed by C-DOT to safeguard Police Systems & Critical Infrastructure

    Source: Government of India

    Posted On: 06 MAR 2025 9:24AM by PIB Delhi

    Hon’ble Chief Minister of Kerala, Shri Pinarayi Vijayan, inaugurated “Advanced Cybersecurity Operations Centre” (SOC) of the Kerala Police Cyber Division to strengthen cybersecurity for police systems and critical infrastructure through video conferencing

    Centre for Development of Telematics (C-DOT), the premier R&D centre of the Department of Telecommunications (DoT), Ministry of Communications, Government of India, has designed and developed TRINETRA a cyber security operation centre for Kerala police.

    C-DOT’s TRINETRA solution is an AI-powered, indigenous, integrated cybersecurity platform, tailored to meet the cyber security defence of enterprises   and critical sectors. It facilitates the establishment of a comprehensive SOC within an enterprise to monitor endpoints, network traffic, and user behaviour, while proactively identifying vulnerabilities, detecting anomalies, and mitigating cyber

    The SOC will focus on securing computers and critical infrastructure at the police headquarters, city commissionerates, and affiliated police stations. This 24×7 SOC will play a crucial role in cyber threat monitoring, identifying vulnerabilities, and ensuring robust data protection. This initiative marks a major leap in safeguarding digital infrastructure of Kerala Police and enhancing cybersecurity resilience.

    The offline inaugural function was  attended over by Kadakampally Surendran Hon MLA ,  Dr. Pankaj Kumar Dalela, Executive Vice President C-DOT, Councilor Sridevi. A, Technopark CEO, Sanjeev Nair, G. Tech Secretary Sreekumar. V, Cyber Operation SP Ankit Ashokan, DySP Arunkumar. S, and Cyber Dome Inspector Krishnan Potty KG.

    Dr Rajkumar Upadhyay, CEO, C-DOT, expressed his sincere thanks and gratitude to Shri Pinarayi Vijayan Ji Hon’ble Chief Minister of Kerala, for motivating and inspiring C-DOT scientists. Dr Upadhyay also assured that C-DOT remains committed towards providing support for development and scalability of Indigenous telecom technologies

    Online Inauguration of Security Operations Centre (SOC) by Hon. Chief Minister of Kerala and physical inauguration by Shri. Kadakampally Surendran, Hon. MLA, Kazhakootam.

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    MIL OSI Asia Pacific News –

  • MIL-OSI Banking: Trojans disguised as AI: Cybercriminals exploit DeepSeek’s popularity

    Source: Securelist – Kaspersky

    Headline: Trojans disguised as AI: Cybercriminals exploit DeepSeek’s popularity

    Introduction

    Among the most significant events in the AI world in early 2025 was the release of DeepSeek-R1 – a powerful reasoning large language model (LLM) with open weights. It’s available both for local use and as a free service. Since DeepSeek was the first service to offer access to a reasoning LLM to a wide audience, it quickly gained popularity, mirroring the success of ChatGPT. Naturally, this surge in interest also attracted cybercriminals.

    While analyzing our internal threat intelligence data, we discovered several groups of websites mimicking the official DeepSeek chatbot site and distributing malicious code disguised as a client for the popular service.

    Screenshot of the official DeepSeek website (February 2025)

    Scheme 1: Python stealer and non-existent DeepSeek client

    The first group of websites was hosted on domains whose names included DeepSeek model versions (V3 and R1):

    • r1–deepseek[.]net;
    • v3–deepseek[.]com.

    As shown in the screenshot, the fake website lacks the option to start a chat – you can only download an application. However, the real DeepSeek doesn’t have an official Windows client.

    Screenshot of the fake website

    Clicking the “Get DeepSeek App” button downloads a small archive, deep–seek–installation.zip. The archive contains the DeepSeek Installation.lnk file, which holds a URL.

    At the time of publishing this research, the attackers had modified the fake page hosted on the v3–deepseek[.]com domain. It now prompts users to download a client for the Grok model developed by xAI. We’re observing similar activity on the v3–grok[.]com domain as well. Disguised as a client is an archive named grok–ai–installation.zip, containing the same shortcut.

    Executing the .lnk file runs a script located at the URL inside the shortcut:

    This script downloads and unpacks an archive named f.zip.

    Contents of the unpacked archive

    Next, the script runs the 1.bat file from the unpacked archive.

    Contents of the BAT file

    The downloaded archive also contains the svchost.exe and python.py files. The first one is a legitimate file python.exe, renamed to mimic a Windows process to mislead users checking running applications in Task Manager.

    It is used to launch python.py, which contains the malicious payload (we’ve also seen this file named code.py). This is a stealer script written in Python that we haven’t seen in attacks before. If it’s executed successfully, the attackers obtain a wealth of data from the victim’s computer: cookies and session tokens from various browsers, login credentials for email, gaming, and other accounts, files with certain extensions, cryptocurrency wallet information, and more.

    After collecting the necessary data, the script generates an archive and then either sends it to the stealer’s operators using a Telegram bot or uploads it to the Gofile file-sharing service. Thus, attempting to use the chatbot could result in the victim losing social media access, personal data, and even cryptocurrency. If corporate credentials are stored on the compromised device, entire organizations could also be at risk, leading to far more severe consequences.

    Scheme 2: Malicious script and a million views

    In another case, fake DeepSeek websites were found on the following domains:

    • deepseek–pc–ai[.]com
    • deepseek–ai–soft[.]com

    We discovered the first domain back in early February, hosting the default Apache web server page with no content. Later, this domain displayed a new web page closely resembling the DeepSeek website. Notably, the fake site uses geofencing: when requests come from certain IP addresses, such as Russian ones, it returns a placeholder page filled with generic SEO text about DeepSeek (we believe this text may have been LLM-generated):

    If the IP address and other request parameters meet the specified criteria, the server returns a page resembling DeepSeek. Users are prompted to download a client or start the chatbot, but either action results in downloading a malicious installer created using Inno Setup. Kaspersky products detect it as Trojan–Downloader.Win32.TookPS.*.

    When executed, this installer contacts malicious URLs to receive a command that will be executed using cmd. The most common command launches powershell.exe with a Base64-encoded script as an argument. This script accesses an encoded URL to download another PowerShell script, which activates the built-in SSH service and modifies its configuration using the attacker’s keys, allowing remote access to the victim’s computer.

    Part of the malicious PowerShell script

    This case is notable because we managed to identify the primary vector for spreading the malicious links – posts on the social network X (formerly Twitter):

    This post, directing users to deepseek–pc–ai[.]com, was made from an account belonging to an Australian company. The post gained 1.2 million views and over a hundred reposts, most of which were probably made by bots – note the similar usernames and identifiers in their bios:

    Some users in the comments dutifully point out the malicious nature of the link.

    Links to deepseek–ai–soft[.]com were also distributed through X posts, but at the time of investigation, they were only available in Google’s cache:

    Scheme 3: Backdoors and attacks on Chinese users

    We also encountered sites that directly distributed malicious executable files. One such file was associated with the following domains:

    • app.delpaseek[.]com;
    • app.deapseek[.]com;
    • dpsk.dghjwd[.]cn.

    These attacks target more technically advanced users – the downloaded malicious payload mimics Ollama, a framework for running LLMs such as DeepSeek on local hardware. This tactic reduces suspicion among potential victims. Kaspersky solutions detect this payload as Backdoor.Win32.Xkcp.a.

    The victim only needed to launch the “DeepSeek client” on their device to trigger the malware, which creates a KCP tunnel with predefined parameters.

    Additionally, we observed attacks where a victim’s device downloaded the deep_windows_Setup.zip archive, containing a malicious executable. The archive was downloaded from the following domains:

    • deep–seek[.]bar;
    • deep–seek[.]rest.

    The malware in the archive is detected by Kaspersky solutions as Trojan.Win32.Agent.xbwfho. This is an installer created with Inno Setup that uses DLL sideloading to load a malicious library. The DLL in turn extracts and loads into memory a payload hidden using steganography — a Farfli backdoor modification — and injects it into a process.

    Both of these campaigns, judging by the language of the bait pages, are targeting Chinese-speaking users.

    Conclusion

    The nature of the fake websites described in this article suggests these campaigns are widespread and not aimed at specific users.

    Cybercriminals use various schemes to lure victims to malicious resources. Typically, links to such sites are distributed through messengers and social networks, as seen in the example with the X post. Attackers may also use typosquatting or purchase ad traffic to malicious sites through numerous affiliate programs.

    We strongly advise users to carefully check the addresses of websites they visit, especially if links come from unverified sources. This is especially important for highly popular services. In this case, it’s particularly noteworthy that DeepSeek doesn’t have a native Windows client. This isn’t the first time that cybercriminals have exploited the popularity of chatbots to distribute malware: they’ve previously targeted regular users with Trojans disguised as ChatGPT clients and developers with malicious packages in PyPI. Simple digital hygiene practices, combined with a cutting-edge security solution, can significantly reduce the risk of device infection and personal data loss.

    Indicators of compromise

    MD5

    4ef18b2748a8f499ed99e986b4087518
    155bdb53d0bf520e3ae9b47f35212f16
    6d097e9ef389bbe62365a3ce3cbaf62d
    3e5c2097ffb0cb3a6901e731cdf7223b
    e1ea1b600f218c265d09e7240b7ea819
    7cb0ca44516968735e40f4fac8c615ce
    7088986a8d8fa3ed3d3ddb1f5759ec5d

    Malicious domains

    r1-deepseek[.]net
    v3-deepseek[.]com
    deepseek-pc-ai[.]com
    deepseek-ai-soft[.]com
    app.delpaseek[.]com
    app.deapseek[.]com
    dpsk.dghjwd[.]cn
    deep-seek[.]bar
    deep-seek[.]rest
    v3-grok[.]com

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: AAIB Report: Extra EA-200, G-EEEK, 13 July 2024

    Source: United Kingdom – Executive Government & Departments

    News story

    AAIB Report: Extra EA-200, G-EEEK, 13 July 2024

    Report into fatal accident involving an Extra EA-200 (G-EEEK), Spanhoe Airfield, Northamptonshire on 13 July 2024

    G-EEEK accident site

    After flying to Spanhoe Airfield, Northamptonshire, the pilot of G-EEEK pitched the aircraft into a vertical climb and completed a manoeuvre from which the aircraft entered an upright flat spin to the left. The aircraft was not recovered before it struck the ground, and the pilot was fatally injured.

    The investigation was unable to establish why the pilot flew such manoeuvres, unapproved and at low level. It was not possible to exclude a control restriction or a pilot incapacitation for the lack of sufficient recovery before the aircraft struck the ground.

    Read the report.

    Updates to this page

    Published 6 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Salford and Manchester present draft proposals for major Strangeways and Cambridge regeneration

    Source: City of Salford

    Salford City Council (SCC)  and Manchester City Council (MCC) are working in collaboration on the ambitious long-term regeneration proposals for the Strangeways and Cambridge areas ahead of public consultation.

    The draft Strategic Regeneration Framework (SRF) reports will be heard by both Councils’ respective executive and cabinet committees outlining the vision that will guide widescale investment and development across the 130 hectare city fringe location over the coming decades.

    The draft Strangeways and Cambridge SRF presents a high-level vision for the area, building on the work of the Operation Vulcan policing operation, to provide a platform for legitimate businesses to grow and thrive, alongside a major new urban park, significant new housing – including affordable homes – and significant commercial and employment opportunities.   

    The programme of investment estimates the combined development areas could see up to 7,000 new homes across seven distinct ‘neighbourhood’ areas, increased commercial floorspace of around 1.75m sqft, and the regeneration could support an additional 4,500 jobs.   

    The draft SRF presents a development approach that will support Manchester’s target to become a zero-carbon city by 2038 and reacts to other environmental factors in the areas, including potential flooding linked to climate change.    

    The SRF also reflects how HM Prison Manchester – formerly Strangeways Prison – remains a significant barrier to the regeneration ambitions in this part of the city and the framework will act as an engagement tool with the Ministry of Justice around the long-term future of the prison.  

    The key themes of the SRF include:  

    • Business and employment: Increase business and employment opportunities – supporting ongoing economic growth in both Manchester and Salford 
    • Green and blue infrastructure: Create a network of green spaces and celebrate the River Irwell – including the creation of a large new city centre park (working title: Copper Park) – and respond to flood risk  
    • Movement: Prioritise a ‘people first’ approach to the regeneration, including active travel while carefully managing parking, servicing and delivery requirements.   
    • Heritage and culture: Celebrate the existing architecture and heritage buildings in the area as part of the comprehensive regeneration plans. 

    Salford City Mayor, Paul Dennett added: “We’ve been on a journey of growth and regeneration in recent years, and our work has changed the landscape in different parts of Salford for the benefit of our residents. It’s now time to focus on the Cambridge area and working with colleagues in Manchester, this framework provides us with a once in a lifetime opportunity to do that. 

    “This framework proposes options for the Salford part of the SRF, taking into account the requirements of residents and local businesses, and the need for quality housing in the area. The key will be to balance these needs with what the long-term flood data is telling us and how we future-proof the area against climate change. 

    “The proposals in the framework seek to identify the best possible options for this area. These include the exciting opportunity to create a new city park for all, with an option for appropriate levels of mixed-use development, to continue to drive sustainable growth. 

    “I’d urge everyone with a vested interest in this area, whether you’re a resident or business to engage with the consultation process and work with us help shape the future of this part of the city.” 

    Leader of the Council Bev Craig said: “This framework is our shared long-term vision, alongside our colleagues in Salford, to deliver a transformation in the Strangeways and Cambridge communities. 

    “We have an opportunity to create a platform for development and investment, enabled by the successful work carried out by the Operation Vulcan partnership, to support businesses to grow and prosper in these neighbourhoods – creating thousands of new jobs and support the ongoing growth of our city – alongside a major new public park and new homes, including Council, social and genuinely affordable housing. 

    “We know this area has challenges, including the prison that presents a key barrier to the regeneration of the area, but we also know that there is energy and a community brimming with potential. 

    “We will deliver huge change in Strangeways in the coming years, working alongside the people who live and work there, and as we move to consultation in the coming weeks, we want to speak to local people and businesses about how we can make this part of the city thrive.” 
     
    This  draft Strangeways and Cambridge SRF document has been prepared on behalf of MCC and SCC by Avison Young with Maccreanor Lavington Architects, Feilden Clegg Bradley Studios, Schulze+Grassov, Civic Engineers, Useful Projects and PLACED. 
     
    Salford’s Cabinet will meet on Tuesday 11 March.  
    Find the Salford City Council Cabinet Report   

    Manchester’s executive will meet on Friday 14 March. 
    Find the Manchester City Council Executive Report – available from Thursday 6 March  
      
    Following the respective Council approvals, consultation around the SRF document will begin at the end of March, the results of which will be reported to future Executive and Cabinet meetings.   

    Further information will be made available shortly at www.strangewaysandcambridgeSRF.info  

    The draft SRF was in part delivered using Government Funding.

    Share this

    Date published
    Thursday 6 March 2025

    Press and media enquiries

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: £1.3m self-screening trial aims to close inequity gap in Scotland’s cervical cancer deaths A project to understand the barriers to screening for a preventable cancer and to encourage women in the most deprived parts of Scotland to take part in cervical screening by self-testing has been awarded £1.3million.

    Source: University of Aberdeen

    A project to understand the barriers to screening for a preventable cancer and to encourage women in the most deprived parts of Scotland to take part in cervical screening by self-testing has been awarded £1.3million.
    University of Aberdeen researchers will lead the Cancer Research UK-funded initiative to find new ways of reaching women least likely to engage with cervical screening and who are at the greatest risk of dying from cervical cancer.  
    Cervical cancer is a largely preventable cancer and since 2008 girls aged 11-13 have been eligible for the human papillomavirus (HPV) vaccine which protects against around 90% of cervical cancers, with boys eligible for the vaccine, which can also protect boys from other HPV related cancers such as mouth and throat cancers, since 2019.
    Cervical screening remains an important way to help to prevent the disease, particularly in those who didn’t receive the vaccination in childhood.
    However, cervical screening is still important for all those eligible to detect pre-cancerous cells and enable treatment before they develop further. 
    Data from Public Health Scotland has shown that women in the most deprived areas of Scotland are twice as likely as those in more affluent areas to develop the disease and three times more likely to die from it.  
    Many of these women do not engage with screening and the project, called ‘AYEScreen’ will explore the reasons why – from lack of time or childcare, to fear, embarrassment or cultural and social barriers.  
    This will then inform a trial where women will be provided with self-sampling kits which will allow them to conduct the tests at a time and place of their choosing, and without the need for a medical professional.  
    Dr Sharon Hanley, a cancer epidemiologist at the University of Aberdeen, will lead the project.
    She said: “Cervical cancer is different from many cancers in that it can be detected and treated in the pre-cancerous stage. This is why getting screened regularly is so important. However, since the screening programme targets healthy individuals, many women may not feel the need to attend or for what might be an embarrassing or uncomfortable test.  

    AYEScreen is about empowering those most marginalised in society to make informed choices, including those who could face discrimination and are disproportionately disadvantaged, and help protect them from a highly preventable cancer.” Dr Sharon Hanley

    “In recent years the test has changed. In the past it was necessary to take samples from a specific part of the cervix to look for abnormal cells, now we look for the virus that causes these abnormal cells and the virus can be found in vaginal samples. This makes self-sampling possible. However, more research is needed on the best way to offer self-sampling. 
    “We would also like to include trans-men in the study as they are historically underserved and might be more willing to participate in self-sampling than attend for a test by a medical professional.” 
    The project will assess the effectiveness and cost efficiency of three different methods to reach under screened women in GP practices with the highest proportion of patients from deprived areas as well as those living in remote and rural areas who may have other barriers to testing such as access.  
    The first method will see women who are overdue screening and attend the GP surgery for another reason offered a self-sampling kit, the second will trial a text service offering self-sampling which can be returned by post and in the third, a nurse will call women to understand barriers to screening and offer the option of self-sampling, which will also be sent and returned by post. 
    It is hoped AYEScreen will provide the much-needed evidence base to inform future (Scottish) Government policy and that a nation-wide roll out of self-sampling for under screened women be implemented alongside the current screening programme. 
    “AYEScreen is about empowering those most marginalised in society to make informed choices, including those who could face discrimination and are disproportionately disadvantaged, and help protect them from a highly preventable cancer,” Dr Hanley added.  
    Cancer Research UK Senior Heath Information Manager, Claire Knight, said: “We are delighted to provide funding for this vital research. Cervical screening is a proven way to prevent cancer and stop the disease in its tracks. But some people face barriers to accessing the potentially life-saving test, like finding the test painful or embarrassing, and trials like this bring us closer to ensuring that everyone can benefit from screening health interventions. 
    “By offering an alternative to the standard GP appointment for people who haven’t taken up their invitation, self-sampling may help to address some of these barriers, and in turn tackle health inequalities.
    “If coverage of cervical screening and HPV vaccination increases, it’s possible that we can reduce cervical cancer to the point where almost no one develops it. Further research is now needed to better understand the accuracy of self-sampling and how it can be effectively rolled out to benefit more people.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: New exhibition celebrating kinship care in the Capital opens at the Museum of Edinburgh

    Source: Scotland – City of Edinburgh

    Kinship Captured: Kinship Carer Journeys in Photographs, a powerful visual exploration of kinship stories and experiences in Edinburgh, has opened at the Museum of Edinburgh.

    This unique exhibition is the result of the Kinship Captured Project, which uses photography to delve into the journeys of kinship carers and the meaning of ‘wellbeing’ within this context.

    The exhibition features a selection of photo journals created by five Kinship Carers who have been actively involved in the project. Through the lens of their cameras, these carers have shared their personal experiences, providing a deeper understanding of the challenges, rewards, and the powerful connections formed through kinship care.

    Culture and Communities Convener, Val Walker said:

    The photographs on display offer a visual narrative of the kinship care experience, focusing on the joy, love, and resilience that often goes unspoken. Through their work, these carers are helping to shine a light on the vital role they play in the lives of the children they care for.

    We are proud to support this project, which highlights the important work that Kinship Carers do every day. The exhibition provides an opportunity for the community to engage with and understand the journey of kinship carers, and we hope it will inspire others to consider the profound impact of kinship care on both carers and the children they support.

    In addition to showcasing their photographs, the exhibition includes a short film that captures the essence of the project and the lasting impact it has had on the participants.

    The Kinship Captured exhibition will run in conjunction with Kinship Care Week, from 17-21 March 2025, a week dedicated to celebrating the vital role that Kinship Carers play in supporting children and young people. The exhibition highlights the importance of kinship care, not only for the children in need of support but also for the carers who provide it, emphasizing the collective power of community and shared experiences.

    Education, Children and Families Convener, Joan Griffiths said:

    This new exhibition offers a fantastic insight into the unique and rewarding, but often challenging, role of kinship carers. Stepping into this role can often be unexpected and these carers play a vital part in a child’s life, creating stability and helping them to maintain important family and community links. We offer a range of support mechanisms for those in this role, including help to navigate the formal aspects of looking after a child, access to local support groups, services and training as well as everyday help to explore any difficulties or concerns.

    The Kinship Captured exhibition will be open to the public at Museum of Edinburgh from Thursday 6 March until Sunday 6 April. Admission is free.

    Quotes from participants:

    This was a stimulating and therapeutic project which came along at just the right time for me.

    I found that using the camera and especially making the album was a wonderfully creative way to show some of the journey I have been on so far and I loved making it.

    Although it was sad and painful at times exploring all that has happened since I began my kinship journey, being involved in this project has ultimately been life affirming and enriching.

    I loved meeting everyone, and hearing everyone’s stories has been a privilege. Thank you to you for facilitating it all so gently and supportively.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Manchester and Salford present draft proposals for major Strangeways and Cambridge regeneration

    Source: City of Manchester

    Manchester City Council (MCC) and Salford City Council (SCC) are working in collaboration on the ambitious long-term regeneration proposals for the Strangeways and Cambridge areas.

    The draft Strategic Regeneration Framework (SRF) reports will be heard by both Councils’ respective executive and cabinet committees outlining the vision that will guide wide-scale investment and development across the 130hectare city fringe location over the coming decades.  

    The draft Strangeways and Cambridge SRF presents a high-level vision for the area, building on the work of the Operation Vulcan policing operation, to provide a platform for legitimate businesses to grow and thrive, alongside a major new urban park, significant new housing – including affordable homes – and significant commercial and employment opportunities.  

    The programme of investment estimates the combined development areas could see up to 7,000 new homes across seven distinct ‘neighbourhood’ areas, increased commercial floorspace of around 1.75m sqft, and the regeneration could support an additional 4,500 jobs.  

    The draft SRF presents a development approach that will support Manchester’s target to become a zero-carbon city by 2038 and reacts to other environmental factors in the areas, including potential flooding linked to climate change.   

    The SRF also reflects how HM Prison Manchester – formerly Strangeways Prison – remains a significant barrier to the regeneration ambitions in this part of the city and the framework will act as an engagement tool with the Ministry of Justice around the long-term future of the prison. 

    The key themes of the SRF include: 
    • Business and Employment: Increase business and employment opportunities – supporting ongoing economic growth in both Manchester and Salford 
    • Green and Blue Infrastructure: Create a network of green spaces and celebrate the River Irwell – including the creation of a large new city centre park (working title: Copper Park) – and respond to flood risk 
    • Movement: Prioritise a ‘people first’ approach to the regeneration, including active travel while carefully managing parking, servicing and delivery requirements.  
    • Heritage and Culture: Celebrate the existing architecture and heritage buildings in the area as part of the comprehensive regeneration plans.

    This  draft Strangeways and Cambridge SRF document has been prepared on behalf of MCC and SCC by Avison Young with Maccreanor Lavington Architects, Feilden Clegg Bradley Studios, Schulze+Grassov, Civic Engineers, Useful Projects and PLACED.

    Salford’s Cabinet will meet on Tuesday 11 March. 

    Find the Salford City Council Cabinet Report  

    Manchester’s executive will meet on Friday 14 March 

    Find the Manchester City Council Executive Report – see agenda item 8

    Following the respective Council approvals, consultation around the SRF document will begin at the end of March, the results of which will be reported to future Executive and Cabinet meetings.  

    Further information on the SRF can be found here. 

    The draft SRF was in part delivered using Government Funding.

    Leader of the Council Bev Craig said:  
    “This framework is our shared long-term vision, alongside our colleagues in Salford, to deliver a transformation in the Strangeways and Cambridge communities.  

    “We have an opportunity to create a platform for development and investment, enabled by the successful work carried out by the Operation Vulcan partnership, to support businesses to grow and prosper in these neighbourhoods – creating thousands of new jobs and support the ongoing growth of our city – alongside a major new public park and new homes, including Council, social and genuinely affordable housing. 

    “We know this area has challenges, including the prison that presents a key barrier to the regeneration of the area, but we also know that there is energy and a community brimming with potential.  

    “We will deliver huge change in Strangeways in the coming years, working alongside the people who live and work there, and as we move to consultation in the coming weeks, we want to speak to local people and businesses about how we can make this part of the city thrive.” 

    Salford City Mayor, Paul Dennett added:  
    “We’ve been on a journey of growth and regeneration in recent years, and our work has  changed the landscape in different parts of Salford for the benefit of our residents. It’s now time to focus on the Cambridge area and working with colleagues in Manchester, this framework provides us with a once in a lifetime opportunity to do that. 

    “This framework proposes options for the Salford part of the SRF, taking into account the requirements of residents and local businesses, and the need for quality housing in the area. The key will be to balance these needs with what the long-term flood data is telling us and how we future-proof the area against climate change. 

    “The proposals in the framework seek to identify the best possible options for this area. These include the exciting opportunity to create a new city park for all, with an option for appropriate levels of mixed-use development, to continue to drive sustainable growth. 

    “I’d urge everyone with a vested interest in this area, whether you’re a resident or business to engage with the consultation process and work with us help shape the future of this part of the city.” 

    MIL OSI United Kingdom –

  • MIL-OSI Security: EU and Brazil sign international agreement to fight organised crime and terrorism

    Source: Europol

    The agreement was signed today by Commissioner for Home Affairs and Migration, Magnus Brunner, and the Minister of Justice and Public Security of Brazil, Ricardo Lewandowski, in the presence of Europol’s Executive Director, Catherine De Bolle.Brazil has been a key partner for Europol since 2017, with a strong record of operational cooperation across various crime areas, including drug trafficking, cybercrime…

    MIL Security OSI –

  • MIL-OSI: JD.com Announces Fourth Quarter and Full Year 2024 Results, and Annual Dividend

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, March 06, 2025 (GLOBE NEWSWIRE) — JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the “Company” or “JD.com”), a leading supply chain-based technology and service provider, today announced its unaudited financial results for the three months and the full year ended December 31, 2024 and an annual cash dividend for the year ended December 31, 2024.

    Fourth Quarter and Full Year 2024 Highlights

    • Net revenues were RMB347.0 billion (US$147.5 billion) for the fourth quarter of 2024, an increase of 13.4% from the fourth quarter of 2023. Net revenues were RMB1,158.8 billion (US$158.8 billion) for the full year of 2024, an increase of 6.8% from the full year of 2023.
    • Income from operations was RMB8.5 billion (US$1.2 billion) for the fourth quarter of 2024, compared to RMB2.0 billion for the fourth quarter of 2023. Operating margin was 2.4% for the fourth quarter of 2024, compared to 0.7% for the fourth quarter of 2023. Non-GAAP2income from operations was RMB10.5 billion (US$1.4 billion) for the fourth quarter of 2024, compared to RMB7.8 billion for the fourth quarter of 2023. Non-GAAP operating margin was 3.0% for the fourth quarter of 2024, compared to 2.5% for the fourth quarter of 2023. Income from operations was RMB38.7 billion (US$5.3 billion) for the full year of 2024, compared to RMB26.0 billion for the full year of 2023. Operating margin was 3.3% for the full year of 2024, compared to 2.4% for the full year of 2023. Non-GAAP income from operations was RMB44.0 billion (US$6.0 billion) for the full year of 2024, compared to RMB35.4 billion for the full year of 2023. Non-GAAP operating margin was 3.8% for the full year of 2024, compared to 3.3% for the full year of 2023.
    • Net income attributable to the Company’s ordinary shareholders was RMB9.9 billion (US$1.4 billion) for the fourth quarter of 2024, compared to RMB3.4 billion for the fourth quarter of 2023. Net margin attributable to the Company’s ordinary shareholders was 2.8% for the fourth quarter of 2024, compared to 1.1% for the fourth quarter of 2023. Non-GAAP net income attributable to the Company’s ordinary shareholders was RMB11.3 billion (US$1.5 billion) for the fourth quarter of 2024, compared to RMB8.4 billion for the fourth quarter of 2023. Non-GAAP net margin attributable to the Company’s ordinary shareholders was 3.3% for the fourth quarter of 2024, compared to 2.7% for the fourth quarter of 2023. Net income attributable to the Company’s ordinary shareholders was RMB41.4 billion (US$5.7 billion) for the full year of 2024, compared to RMB24.2 billion for the full year of 2023. Net margin attributable to the Company’s ordinary shareholders was 3.6% for the full year of 2024, compared to 2.2% for the full year of 2023. Non-GAAP net income attributable to the Company’s ordinary shareholders was RMB47.8 billion (US$6.6 billion) for the full year of 2024, compared to RMB35.2 billion for the full year of 2023. Non-GAAP net margin attributable to the Company’s ordinary shareholders was 4.1% for the full year of 2024, compared to 3.2% for the full year of 2023.
    • Diluted net income per ADS was RMB6.47 (US$0.89) for the fourth quarter of 2024, an increase of 203.8% from RMB2.13 for the fourth quarter of 2023. Non-GAAP diluted net income per ADS was RMB7.42 (US$1.02) for the fourth quarter of 2024, an increase of 40.0% from RMB5.30 for the fourth quarter of 2023. Diluted net income per ADS was RMB26.86 (US$3.68) for the full year of 2024, an increase of 76.4% from RMB15.23 for the full year of 2023. Non-GAAP diluted net income per ADS was RMB31.07 (US$4.26) for the full year of 2024, an increase of 40.1% from RMB22.17 for the full year of 2023.

    “We are pleased to report a strong quarter to close out 2024 amidst rebounding consumption. Our topline growth returned to double digits year-on-year, and bottom line also achieved healthy expansion. In addition, most of our product categories as well as key metrics such as our quarterly active users and shopping frequency saw strong double-digit growth year-on-year in Q4, reflecting our growing mindshare among consumers,” said Sandy Xu, Chief Executive Officer of JD.com. “We head into 2025 with more optimism, as consumption sentiment steadily picks up, and we continue to unlock high-quality growth potentials with our strong execution of strategic priorities.”

    “In the fourth quarter, our total revenues increased by 13.4% year-on-year. The momentum was broad-based across multiple categories and revenue streams, reflecting positive macro consumption trends and JD’s expanding market share,” said Ian Su Shan, Chief Financial Officer of JD.com. “Our profitability also continued to rise year-on-year throughout 2024, driven by our optimization in cost and operating efficiency. As we are confident to head towards our long-term profitability target, we are excited to announce an increased annual cash dividend for 2024 which, alongside our on-going US$5.0 billion share repurchase program, further demonstrates JD’s commitment to shareholder return.”

    Dividend Payment

    The Company announced that its board of directors (the “Board”) approved an annual cash dividend for the year ended December 31, 2024 of US$0.5 per ordinary share, or US$1.0 per ADS, to holders of ordinary shares and holders of ADSs, respectively, as of the close of business on April 8, 2025 Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. The aggregate amount of the dividend is expected to be approximately US$1.5 billion, as calculated on the current number of the Company’s total issued and outstanding shares, which may be subject to minor adjustment by the record date. The payment date is expected to be on or around April 23, 2025 and on or around April 29, 2025 for holders of ordinary shares and holders of ADSs, respectively.

    Updates of Share Repurchase Program

    The Company repurchased a total of approximately 255.3 million Class A ordinary shares (equivalent of 127.6 million ADSs) for a total of approximately US$3.6 billion during the year ended December 31, 2024. All of these ordinary shares were repurchased from both Nasdaq and the Hong Kong Stock Exchange pursuant to the Company’s share repurchase programs publicly announced. The total number of shares repurchased by the Company for the year ended December 31, 2024 amounted to approximately 8.1% of its ordinary shares outstanding as of December 31, 20233.

    The Company has fully utilized the repurchase amount authorized under its US$3.0 billion share repurchase program announced in March 2024, with all of the 207 million Class A ordinary shares (equivalent of 104 million ADSs) repurchased under the program cancelled.

    In addition, the Company adopted and announced a new share repurchase program (the “New Share Repurchase Program”) in August 2024. Pursuant to the New Share Repurchase Program effective from September 2024, the Company may repurchase up to US$5.0 billion worth of its shares (including ADSs) over the next 36 months through the end of August 2027.

    Business Highlights

    • JD Retail:

      In January 2025, JD.com announced comprehensive upgrades to its PLUS membership, introducing a “Lifestyle Service Package” that allows members to redeem PLUS credits for seven services, including home cleaning, laundry, car wash and delivery, among other things. JD PLUS members will also enjoy a new “180-Day Replacement over Repair” policy for self-operated electronics and home appliances products in cases of any quality defects. Additionally, the “Unlimited Free Shipping” service has been expanded to cover the self-operated offerings on JD NOW, the on-demand retail business of the Company.

    • JD Health:

      In the fourth quarter of 2024, JD Health further boosted up its service offerings with the expansion of its “Express Test at Your Doorstep” program, safeguarding more people’s health during periods of high incidence of respiratory illnesses. As of the end of the quarter, JD Health had launched 149 express testing products, with the service available in 12 core cities in China, covering a total population of over 150 million.

    • JD Logistics:

      During the 2024 JD Singles Day Grand Promotion, JD Logistics’s (“JDL’s”) express delivery business celebrated the first anniversary of its upgraded offerings in Hong Kong and Macau. It provides seamless door-to-door delivery and other differentiated services in the regions, such as night-time pickups and intra-city delivery within as fast as four hours, significantly improving the online shopping and shipping experience for local customers. This in turn drives JDL’s rapid order volume growth in the regions.

      In the fourth quarter of 2024, JDL further outlined its overseas roadmap. In particular, it will drive simultaneous progress of building its global warehouse network, air freight network, and express delivery capabilities. These efforts will enable JDL to provide integrated supply chain solutions to overseas customers, China-based brands expanding overseas, and cross-border merchants, driving toward the ultimate in delivering hassle-free and efficient supply chain logistics services globally.

    Environment, Social and Governance

    • JD.com has been committed to providing admirable, fulfilling, and rewarding job opportunities for its workforce from day one. As of December 31, 2024, over 1,200 frontline employees have retired from JDL, with roles spanning from couriers to sorters, freight drivers and others from across China. These retirees have received comprehensive retirement benefits including elderly care, medical treatment, and injury compensation, and headed to post-career lives with safeguards.
    • As a testament to JD.com’s unwavering commitment to creating more jobs and making contribution to the society, the Company’s total expenditure for human resources, including both its own employees and external personnel who work for the Company, amounted to RMB116.1 billion for the year ended December 31, 2024. The Company’s total number of employees was approximately 570,000 as of December 31, 2024. Together with the Company’s part-time staff and interns, as well as the personnel of the Company’s affiliates, the total personnel under the JD Ecosystem4 was approximately 670,000.
    • In January 2025, JDL’s independently developed MRV-T digital carbon reduction technology (carbon footprint monitoring, reporting, verification, and tracking) was included in the “Green Technology Promotion Catalogue (2024 Edition)” issued by the National Development and Reform Commission and other authorities, the only green technology that won the honor in the logistics industry with a focus on environmental sustainability.

    Fourth Quarter 2024 Financial Results

    Net Revenues. Net revenues increased by 13.4% to RMB347.0 billion (US$47.5 billion) for the fourth quarter of 2024 from RMB306.1 billion for the fourth quarter of 2023. Net product revenues increased by 14.0%, while net service revenues increased by 10.8% for the fourth quarter of 2024, compared to the fourth quarter of 2023.

    Cost of Revenues. Cost of revenues increased by 11.9% to RMB293.9 billion (US$40.3 billion) for the fourth quarter of 2024 from RMB262.6 billion for the fourth quarter of 2023.

    Fulfillment Expenses. Fulfillment expenses, which primarily include procurement, warehousing, delivery, customer service and payment processing expenses, increased by 16.4% to RMB20.1 billion (US$2.8 billion) for the fourth quarter of 2024 from RMB17.3 billion for the fourth quarter of 2023. Fulfillment expenses as a percentage of net revenues was 5.8% for the fourth quarter of 2024, compared to 5.6% for the fourth quarter of 2023.

    Marketing Expenses. Marketing expenses increased by 28.4% to RMB16.8 billion (US$2.3 billion) for the fourth quarter of 2024 from RMB13.1 billion for the fourth quarter of 2023. Marketing expenses as a percentage of net revenues was 4.9% for the fourth quarter of 2024, compared to 4.3% for the fourth quarter of 2023, primarily due to the increased spending in promotion activities.

    Research and Development Expenses. Research and development expenses increased by 1.0% to RMB4.4 billion (US$0.6 billion) for the fourth quarter of 2024 from RMB4.3 billion for the fourth quarter of 2023. Research and development expenses as a percentage of net revenues was 1.3% for the fourth quarter of 2024, compared to 1.4% for the fourth quarter of 2023.

    General and Administrative Expenses. General and administrative expenses increased by 3.3% to RMB2.5 billion (US$0.3 billion) for the fourth quarter of 2024 from RMB2.4 billion for the fourth quarter of 2023. General and administrative expenses as a percentage of net revenues was 0.7% for the fourth quarter of 2024, compared to 0.8% for the fourth quarter of 2023.

    Income from Operations and Non-GAAP Income from Operations. Income from operations increased by 319.3% to RMB8.5 billion (US$1.2 billion) for the fourth quarter of 2024 from RMB2.0 billion for the fourth quarter of 2023. Operating margin was 2.4% for the fourth quarter of 2024, compared to 0.7% for the fourth quarter of 2023. Non-GAAP income from operations increased by 34.4% to RMB10.5 billion (US$1.4 billion) for the fourth quarter of 2024 from RMB7.8 billion for the fourth quarter of 2023. Non-GAAP operating margin was 3.0% for the fourth quarter of 2024, compared to 2.5% for the fourth quarter of 2023. Operating margin of JD Retail before unallocated items for the fourth quarter of 2024 was 3.3%, compared to 2.6% for the fourth quarter of 2023.

    Non-GAAP EBITDA. Non-GAAP EBITDA increased by 29.7% to RMB12.5 billion (US$1.7 billion) for the fourth quarter of 2024 from RMB9.7 billion for the fourth quarter of 2023. Non-GAAP EBITDA margin was 3.6% for the fourth quarter of 2024, compared to 3.2% for the fourth quarter of 2023.

    Others, net. “Others, net” was a gain of RMB3.5 billion (US$0.5 billion) for the fourth quarter of 2024, compared to a gain of RMB1.7 billion for the fourth quarter of 2023, the variance was primarily due to fluctuations in investment gains or losses from equity investments.

    Net Income Attributable to the Company’s Ordinary Shareholders and Non-GAAP Net Income Attributable to the Company’s Ordinary Shareholders. Net income attributable to the Company’s ordinary shareholders increased by 190.8% to RMB9.9 billion (US$1.4 billion) for the fourth quarter of 2024 from RMB3.4 billion for the fourth quarter of 2023. Net margin attributable to the Company’s ordinary shareholders was 2.8% for the fourth quarter of 2024, compared to 1.1% for the fourth quarter of 2023. Non-GAAP net income attributable to the Company’s ordinary shareholders increased by 34.2% to RMB11.3 billion (US$1.5 billion) for the fourth quarter of 2024 from RMB8.4 billion for the fourth quarter of 2023. Non-GAAP net margin attributable to the Company’s ordinary shareholders was 3.3% for the fourth quarter of 2024, compared to 2.7% for the fourth quarter of 2023.

    Diluted EPS and Non-GAAP Diluted EPS. Diluted net income per ADS increased by 203.8% to RMB6.47 (US$0.89) for the fourth quarter of 2024 from RMB2.13 for the fourth quarter of 2023. Non-GAAP diluted net income per ADS increased by 40.0% for the fourth quarter of 2024 to RMB7.42 (US$1.02) from RMB5.30 for the fourth quarter of 2023.

    Cash Flow and Working Capital

    As of December 31, 2024, the Company’s cash and cash equivalents, restricted cash and short-term investments totaled RMB241.4 billion (US$33.1 billion), compared to RMB197.7 billion as of December 31, 2023. For the fourth quarter of 2024, free cash flow of the Company was as follows:

        For the three months ended
        December 31,
    2023
    		   December 31,
    2024    		     December 31,
    2024
        RMB
    		   RMB     US$
        (In millions)
         
    Net cash provided by operating activities   19,613     24,891     3,410  
    Add: Impact from consumer financing receivables included in the operating cash flow   251     1,243     170  
    Less: Capital expenditures, net of related sales proceeds        
    Capital expenditures for development properties   (4,596 )   (875 )   (120 )
    Other capital expenditures*   (1,969 )   (1,789 )   (245 )
    Free cash flow   13,299     23,470     3,215  

    * Including capital expenditures related to the Company’s headquarters in Beijing and all other CAPEX.

    Net cash used in investing activities was RMB12.5 billion (US$1.7 billion) for the fourth quarter of 2024, consisting primarily of net cash paid for purchase of time deposits and wealth management products, cash paid for equity investments, and cash paid for capital expenditures.

    Net cash used in financing activities was RMB2.8 billion (US$0.4 billion) for the fourth quarter of 2024, consisting primarily of net repayment of borrowings.

    Full Year 2024 Financial Results

    Net Revenues. Net revenues increased by 6.8% to RMB1,158.8 billion (US$158.8 billion) for the full year of 2024 from RMB1,084.7 billion for the full year of 2023. Net product revenues increased by 6.5%, while net service revenues increased by 8.1% for the full year of 2024, compared to the full year of 2023.

    Cost of Revenues. Cost of revenues increased by 5.4% to RMB975.0 billion (US$133.6 billion) for the full year of 2024 from RMB925.0 billion for the full year of 2023.

    Fulfillment Expenses. Fulfillment expenses, which primarily include procurement, warehousing, delivery, customer service and payment processing expenses, increased by 9.1% to RMB70.4 billion (US$9.6 billion) for the full year of 2024 from RMB64.6 billion for the full year of 2023. Fulfillment expenses as a percentage of net revenues was 6.1% for the full year of 2024, compared to 6.0% for the full year of 2023.

    Marketing Expenses. Marketing expenses increased by 19.5% to RMB48.0 billion (US$6.6 billion) for the full year of 2024 from RMB40.1 billion for the full year of 2023. Marketing expenses as a percentage of net revenues was 4.1% for the full year of 2024, compared to 3.7% for the full year of 2023, primarily due to the increased spending in promotion activities.

    Research and Development Expenses. Research and development expenses increased by 3.9% to RMB17.0 billion (US$2.3 billion) for the full year of 2024 from RMB16.4 billion for the full year of 2023. Research and development expenses as a percentage of net revenues remained stable of 1.5% for the full year of 2024 and 2023.

    General and Administrative Expenses. General and administrative expenses decreased by 8.5% to RMB8.9 billion (US$1.2 billion) for the full year of 2024 from RMB9.7 billion for the full year of 2023. General and administrative expenses as a percentage of net revenues was 0.8% for the full year of 2024, compared to 0.9% for the full year of 2023.

    Income from Operations and Non-GAAP Income from Operations. Income from operations increased by 48.8% to RMB38.7 billion (US$5.3 billion) for the full year of 2024 from RMB26.0 billion for the full year of 2023. Operating margin was 3.3% for the full year of 2024, compared to 2.4% for the full year of 2023. Non-GAAP income from operations increased by 24.2% to RMB44.0 billion (US$6.0 billion) for the full year of 2024 from RMB35.4 billion for the full year of 2023. Non-GAAP operating margin was 3.8% for the full year of 2024, compared to 3.3% for the full year of 2023. Operating margin of JD Retail before unallocated items was 4.0% for the full year of 2024, compared to 3.8% for the full year of 2023.

    Non-GAAP EBITDA. Non-GAAP EBITDA increased by 22.3% to RMB51.9 billion (US$7.1 billion) for the full year of 2024 from RMB42.5 billion for the full year of 2023. Non-GAAP EBITDA margin was 4.5% for the full year of 2024, compared to 3.9% for the full year of 2023.

    Others, net. “Others, net” was a gain of RMB13.4 billion (US$1.8 billion) for the full year of 2024, compared to a gain of RMB7.5 billion for the full year of 2023, the variance was primarily due to fluctuations in investment gains or losses from equity investments.

    Net Income Attributable to the Company’s Ordinary Shareholders and Non-GAAP Net Income Attributable to the Company’s Ordinary Shareholders. Net income attributable to the Company’s ordinary shareholders increased by 71.1% to RMB41.4 billion (US$5.7 billion) for the full year of 2024 from RMB24.2 billion for the full year of 2023. Net margin attributable to the Company’s ordinary shareholders was 3.6% for the full year of 2024, compared to 2.2% for the full year of 2023. Non-GAAP net income attributable to the Company’s ordinary shareholders increased by 35.9% to RMB47.8 billion (US$6.6 billion) for the full year of 2024 from RMB35.2 billion for the full year of 2023. Non-GAAP net margin attributable to the Company’s ordinary shareholders was 4.1% for the full year of 2024, compared to 3.2% for the full year of 2023.

    Diluted EPS and Non-GAAP Diluted EPS. Diluted net income per ADS increased by 76.4% to RMB26.86 (US$3.68) for the full year of 2024 from RMB15.23 for the full year of 2023. Non-GAAP diluted net income per ADS increased by 40.1% for the full year of 2024 to RMB31.07 (US$4.26) from RMB22.17 for the full year of 2023.

    Cash Flow and Working Capital

    For the full year of 2024, free cash flow of the Company was as follows:

        For the year ended
        December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024
        RMB
    		   RMB
    		   US$
        (In millions)
         
    Net cash provided by operating activities   59,521     58,095     7,959  
    Less: Impact from consumer financing receivables included in the operating cash flow   (492 )   (132 )   (18 )
    Less: Capital expenditures, net of related sales proceeds        
    Capital expenditures for development properties   (12,117 )   (7,286 )   (998 )
    Other capital expenditures*   (6,261 )   (6,937 )   (951 )
    Free cash flow   40,651     43,740     5,992  

    * Including capital expenditures related to the Company’s headquarters in Beijing and all other CAPEX.

    Net cash used in investing activities was RMB0.9 billion (US$0.1 billion) for the full year of 2024, consisting primarily of cash paid for capital expenditures and cash paid for equity investments, partially offset by net cash received from maturity of time deposits and wealth management products.

    Net cash used in financing activities was RMB21.0 billion (US$2.9 billion) for the full year of 2024, consisting primarily of cash paid for repurchase of ordinary shares and dividends, partially offset by net proceeds from issuance of convertible senior notes.

    Supplemental Information

    From the first quarter of 2024, the Company started to report three segments, JD Retail, JD Logistics and New Businesses, to reflect changes made to the reporting structure whose financial information is reviewed by the chief operating decision maker of the Company under its ongoing operating strategies. JD Retail, including JD Health and JD Industrials, among other components, mainly engages in online retail, online marketplace and marketing services in China. JD Logistics includes both internal and external logistics businesses. New Businesses mainly include Dada, JD Property, Jingxi and overseas businesses.

    The table below sets forth the segment operating results, with prior periods segment information retrospectively recast to conform to the current period presentation:

      For the three months ended   For the year ended
      December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024
    		   December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024
      RMB
    		   RMB
    		   US$
    		   RMB
    		   RMB
    		   US$
      (In millions, except percentage data)
    Net revenues:              
    JD Retail 267,646     307,055     42,066     945,343     1,015,948     139,184  
    JD Logistics 47,201     52,097     7,137     166,625     182,837     25,049  
    New Businesses 6,781     4,681     642     26,617     19,157     2,625  
    Inter-segment eliminations* (15,551 )   (16,847 )   (2,308 )   (53,923 )   (59,123 )   (8,100 )
    Total consolidated net revenues 306,077     346,986     47,537     1,084,662     1,158,819     158,758  
    Operating income/(loss):              
    JD Retail 6,937     10,036     1,375     35,925     41,077     5,628  
    JD Logistics 1,330     1,824     250     1,005     6,317     865  
    New Businesses (795 )   (885 )   (121 )   (329 )   (2,865 )   (393 )
    Including: gain on sale of development properties 802     1,527     209     2,283     1,527     209  
    Impairment of long-lived assets (1,123 )   (1,027 )   (141 )   (1,123 )   (1,027 )   (141 )
    Total segment operating income 7,472     10,975     1,504     36,601     44,529     6,100  
    Unallocated items** (5,447 )   (2,484 )   (341 )   (10,576 )   (5,793 )   (793 )
    Total consolidated operating income 2,025     8,491     1,163     26,025     38,736     5,307  
                   
    YoY% change of net revenues:              
    JD Retail 3.4 %   14.7 %       1.7 %   7.5 %    
    JD Logistics 9.7 %   10.4 %       21.3 %   9.7 %    
    New Businesses (8.9 )%   (31.0 )%       (10.7 )%   (28.0 )%    
                   
    Operating margin:              
    JD Retail 2.6 %   3.3 %       3.8 %   4.0 %    
    JD Logistics 2.8 %   3.5 %       0.6 %   3.5 %    
    New Businesses (11.7 )%   (18.9 )%       (1.2 )%   (15.0 )%    

    * The inter-segment eliminations mainly consist of revenues from supply chain solutions and logistics services provided by JD Logistics to JD Retail, on-demand delivery and retail services provided by Dada to JD Retail and JD Logistics, and property leasing services provided by JD Property to JD Logistics.

    ** Unallocated items include share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, effects of business cooperation arrangements, and impairment of goodwill and intangible assets, which are not allocated to segments.

    The table below sets forth the revenue information:

      For the three months ended  
      December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024
    		 YoY%
    Change
      RMB
    		   RMB
    		   US$
    		  
      (In millions, except percentage data)
    Electronics and home appliances revenues 150,353     174,149     23,858   15.8 %
    General merchandise revenues 96,148     106,829     14,636   11.1 %
    Net product revenues 246,501     280,978     38,494   14.0 %
    Marketplace and marketing revenues 23,626     26,634     3,649   12.7 %
    Logistics and other service revenues 35,950     39,374     5,394   9.5 %
    Net service revenues 59,576     66,008     9,043   10.8 %
    Total net revenues 306,077     346,986     47,537   13.4 %
      For the year ended  
      December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024
    		 YoY%
    Change
      RMB
    		   RMB
    		   US$
    		  
      (In millions, except percentage data)
    Electronics and home appliances revenues 538,799     564,982     77,402   4.9 %
    General merchandise revenues 332,425     363,025     49,734   9.2 %
    Net product revenues 871,224     928,007     127,136   6.5 %
    Marketplace and marketing revenues 84,726     90,111     12,345   6.4 %
    Logistics and other service revenues 128,712     140,701     19,277   9.3 %
    Net service revenues 213,438     230,812     31,622   8.1 %
    Total net revenues 1,084,662     1,158,819     158,758   6.8 %


    Conference Call

    JD.com’s management will hold a conference call at 7:00 am, Eastern Time on March 6, 2025, (8:00 pm, Beijing/Hong Kong Time on March 6, 2025) to discuss its financial results for the three months and the full year ended December 31, 2024.

    Please register in advance of the conference using the link provided below and dial in 15 minutes prior to the call, using participant dial-in numbers, the Passcode and unique access PIN which would be provided upon registering. You will be automatically linked to the live call after completion of this process, unless required to provide the conference ID below due to regional restrictions.

    PRE-REGISTER LINK: https://s1.c-conf.com/diamondpass/10044957-x2nu4z.html

    CONFERENCE ID: 10044957

    A telephone replay will be available for one week until March 13, 2025. The dial-in details are as follows:

    US: +1-855-883-1031
    International: +61-7-3107-6325
    Hong Kong: 800-930-639
    Mainland China: 400-120-9216
    Passcode: 10044957

    Additionally, a live and archived webcast of the conference call will also be available on the JD.com’s investor relations website at http://ir.jd.com.

    About JD.com

    JD.com is a leading supply chain-based technology and service provider. The Company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The Company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.

    Non-GAAP Measures

    In evaluating the business, the Company considers and uses non-GAAP measures, such as non-GAAP income/(loss) from operations, non-GAAP operating margin, non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders, non-GAAP net margin attributable to the Company’s ordinary shareholders, free cash flow, non-GAAP EBITDA, non-GAAP EBITDA margin, non-GAAP net income/(loss) per share and non-GAAP net income/(loss) per ADS, as supplemental measures to review and assess operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company defines non-GAAP income/(loss) from operations as income/(loss) from operations excluding share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, effects of business cooperation arrangements, gain on sale of development properties and impairment of goodwill and long-lived assets. The Company defines non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders as net income/(loss) attributable to the Company’s ordinary shareholders excluding share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, effects of business cooperation arrangements and non-compete agreements, gain/(loss) on disposals/deemed disposals of investments and others, reconciling items on the share of equity method investments, loss/(gain) from fair value change of long-term investments, impairment of goodwill, long-lived assets and investments, gain on sale of development properties and tax effects on non-GAAP adjustments. The Company defines free cash flow as operating cash flow adjusting the impact from consumer financing receivables included in the operating cash flow and capital expenditures, net of related sales proceeds. Capital expenditures include purchase of property, equipment and software, cash paid for construction in progress, purchase of intangible assets, land use rights and asset acquisitions. The Company defines non-GAAP EBITDA as non-GAAP income/(loss) from operations plus depreciation and amortization excluding amortization of intangible assets resulting from assets and business acquisitions. Non-GAAP basic net income/(loss) per share is calculated by dividing non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders by the weighted average number of ordinary shares outstanding during the periods. Non-GAAP diluted net income/(loss) per share is calculated by dividing non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders by the weighted average number of ordinary shares and dilutive potential ordinary shares outstanding during the periods, including the dilutive effects of share-based awards as determined under the treasury stock method and convertible senior notes. Non-GAAP net income/(loss) per ADS is equal to non-GAAP net income/(loss) per share multiplied by two.

    The Company presents these non-GAAP financial measures because they are used by management to evaluate operating performance and formulate business plans. Non-GAAP income/(loss) from operations, non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders and non-GAAP EBITDA reflect the Company’s ongoing business operations in a manner that allows more meaningful period-to-period comparisons. Free cash flow enables management to assess liquidity and cash flow while taking into account the impact from consumer financing receivables included in the operating cash flow and the demands that the expansion of fulfillment infrastructure and technology platform has placed on financial resources. The Company believes that the use of the non-GAAP financial measures facilitates investors to understand and evaluate the Company’s current operating performance and future prospects in the same manner as management does, if they so choose. The Company also believes that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses, gain/loss and other items that are not expected to result in future cash payments or that are non-recurring in nature or may not be indicative of the Company’s core operating results and business outlook.

    The non-GAAP financial measures have limitations as analytical tools. The Company’s non-GAAP financial measures do not reflect all items of income and expense that affect the Company’s operations or not represent the residual cash flow available for discretionary expenditures. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the Company’s financial information in its entirety and not rely on a single financial measure.

    CONTACTS:

    Investor Relations
    Sean Zhang
    +86 (10) 8912-6804
    IR@JD.com

    Media Relations
    +86 (10) 8911-6155
    Press@JD.com

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as JD.com’s strategic and operational plans, contain forward-looking statements. JD.com may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JD.com’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: JD.com’s growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of its products and services; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese e-commerce market; laws, regulations and governmental policies relating to the industries in which JD.com or its business partners operate; potential changes in laws, regulations and governmental policies or changes in the interpretation and implementation of laws, regulations and governmental policies that could adversely affect the industries in which JD.com or its business partners operate, including, among others, initiatives to enhance supervision of companies listed on an overseas exchange and tighten scrutiny over data privacy and data security; risks associated with JD.com’s acquisitions, investments and alliances, including fluctuation in the market value of JD.com’s investment portfolio; natural disasters and geopolitical events; change in tax rates and financial risks; intensity of competition; and general market and economic conditions in China and globally. Further information regarding these and other risks is included in JD.com’s filings with the SEC and the announcements on the website of the Hong Kong Stock Exchange. All information provided herein is as of the date of this announcement, and JD.com undertakes no obligation to update any forward-looking statement, except as required under applicable law.

    JD.com, Inc.
    Unaudited Condensed Consolidated Balance Sheets
    (In millions, except otherwise noted)
         
        As of
        December 31,
    2023     		   December 31,
    2024     		   December 31,
    2024 
        RMB    RMB    US$ 
    ASSETS                  
    Current assets                  
    Cash and cash equivalents   71,892     108,350     14,844  
    Restricted cash   7,506     7,366     1,009  
    Short-term investments   118,254     125,645     17,213  
    Accounts receivable, net (including consumer financing receivables of RMB2.3 billion and RMB2.0 billion as of December 31, 2023 and December 31, 2024, respectively)(1)   20,302     25,596     3,507  
    Advance to suppliers   2,753     7,619     1,044  
    Inventories, net   68,058     89,326     12,238  
    Prepayments and other current assets   15,639     15,951     2,185  
    Amount due from related parties   2,114     4,805     658  
    Assets held for sale   1,292     2,040     279  
    Total current assets   307,810     386,698     52,977  
    Non-current assets                  
    Property, equipment and software, net   70,035     82,737     11,335  
    Construction in progress   9,920     6,164     845  
    Intangible assets, net   6,935     7,793     1,068  
    Land use rights, net   39,563     36,833     5,046  
    Operating lease right-of-use assets   20,863     24,532     3,361  
    Goodwill   19,980     25,709     3,522  
    Investment in equity investees   56,746     56,850     7,788  
    Marketable securities and other investments   80,840     59,370     8,134  
    Deferred tax assets   1,744     2,459     337  
    Other non-current assets   14,522     9,089     1,245  
    Total non-current assets   321,148     311,536     42,681  
    Total assets   628,958     698,234     95,658  
    JD.com, Inc.
    Unaudited Condensed Consolidated Balance Sheets
    (In millions, except otherwise noted)
         
        As of
        December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024
        RMB
    		   RMB
    		   US$
    LIABILITIES                  
    Current liabilities                  
    Short-term debts   5,034     7,581     1,039  
    Accounts payable   166,167     192,860     26,422  
    Advance from customers   31,625     32,437     4,443  
    Deferred revenues   2,097     2,097     287  
    Taxes payable   7,313     9,487     1,300  
    Amount due to related parties   1,620     1,367     187  
    Accrued expenses and other current liabilities   43,533     45,985     6,300  
    Operating lease liabilities   7,755     7,606     1,042  
    Liabilities held for sale   506     101     14  
    Total current liabilities   265,650     299,521     41,034  
    Non-current liabilities                  
    Deferred revenues   964     502     69  
    Unsecured senior notes   10,411     24,770     3,393  
    Deferred tax liabilities   9,267     9,498     1,301  
    Long-term borrowings   31,555     31,705     4,344  
    Operating lease liabilities   13,676     18,106     2,481  
    Other non-current liabilities   1,055     835     114  
    Total non-current liabilities   66,928     85,416     11,702  
    Total liabilities   332,578     384,937     52,736  
                       
    MEZZANINE EQUITY   614     484     66  
                       
    SHAREHOLDERS’ EQUITY                  
    Total JD.com, Inc. shareholders’ equity (US$0.00002 par value, 100,000 million shares authorized, 3,188 million shares issued(2) and 2,903 million shares outstanding as of December 31, 2024)   231,858     239,347     32,791  
    Non-controlling interests   63,908     73,466     10,065  
    Total shareholders’ equity   295,766     312,813     42,856  
                       
    Total liabilities, mezzanine equity and shareholders’ equity   628,958     698,234     95,658  
                       
    (1) JD Technology performs credit risk assessment services for consumer financing receivables business and absorbs the credit risk of the underlying consumer financing receivables. Facilitated by JD Technology, the Company periodically securitizes consumer financing receivables through the transfer of those assets to securitization plans and derecognizes the related consumer financing receivables through sales type arrangements.
    (2) The number of ordinary shares issued as of February 28, 2025 was 2,981 million, with all of the 207 million Class A ordinary shares (equivalent of 104 million ADSs) repurchased under the US$3.0 billion share repurchase program announced in March 2024 cancelled.
    JD.com, Inc.
    Unaudited Condensed Consolidated Statements of Operations
    (In millions, except per share data)
     
      For the three months ended   For the year ended
      December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024    		   December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024
      RMB
    		   RMB
    		   US$   RMB
    		   RMB
    		   US$
    Net revenues              
    Net product revenues 246,501     280,978     38,494     871,224     928,007     127,136  
    Net service revenues 59,576     66,008     9,043     213,438     230,812     31,622  
    Total net revenues 306,077     346,986     47,537     1,084,662     1,158,819     158,758  
    Cost of revenues (262,575 )   (293,869 )   (40,260 )   (924,958 )   (974,951 )   (133,568 )
    Fulfillment (17,283 )   (20,121 )   (2,757 )   (64,558 )   (70,426 )   (9,648 )
    Marketing (13,110 )   (16,832 )   (2,306 )   (40,133 )   (47,953 )   (6,570 )
    Research and development (4,341 )   (4,384 )   (601 )   (16,393 )   (17,031 )   (2,333 )
    General and administrative (2,377 )   (2,455 )   (336 )   (9,710 )   (8,888 )   (1,218 )
    Impairment of goodwill (3,143 )   (799 )   (109 )   (3,143 )   (799 )   (109 )
    Impairment of long-lived assets (2,025 )   (1,562 )   (214 )   (2,025 )   (1,562 )   (214 )
    Gain on sale of development properties 802     1,527     209     2,283     1,527     209  
    Income from operations(3)(4) 2,025     8,491     1,163     26,025     38,736     5,307  
    Other income/(expenses)              
    Share of results of equity investees 497     556     76     1,010     2,327     319  
    Interest expense (927 )   (926 )   (127 )   (2,881 )   (2,896 )   (397 )
    Others, net(5) 1,711     3,493     479     7,496     13,371     1,832  
    Income before tax 3,306     11,614     1,591     31,650     51,538     7,061  
    Income tax expenses (1,394 )   (750 )   (103 )   (8,393 )   (6,878 )   (943 )
    Net income 1,912     10,864     1,488     23,257     44,660     6,118  
    Net income/(loss) attributable to non-controlling interests shareholders (1,477 )   1,010     138     (910 )   3,301     452  
    Net income attributable to the Company’s ordinary shareholders 3,389     9,854     1,350     24,167     41,359     5,666  
                   
    Net income per share:              
    Basic 1.08     3.39     0.47     7.69     13.83     1.90  
    Diluted 1.07     3.23     0.44     7.61     13.43     1.84  
    Net income per ADS:              
    Basic 2.15     6.79     0.93     15.37     27.67     3.79  
    Diluted 2.13     6.47     0.89     15.23     26.86     3.68  
    JD.com, Inc.
    Unaudited Condensed Consolidated Statements of Operations
    (In millions, except per share data)
     
      For the three months ended   For the year ended
      December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024    		   December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024
      RMB
    		   RMB
    		   US$   RMB
    		   RMB
    		   US$
                   
    (3) Includes share-based compensation as follows:
    Cost of revenues (34 )   (26 )   (4 )   (133 )   (80 )   (11 )
    Fulfillment (127 )   (115 )   (16 )   (697 )   (424 )   (58 )
    Marketing (96 )   (50 )   (7 )   (426 )   (273 )   (37 )
    Research and development (169 )   (88 )   (12 )   (859 )   (599 )   (82 )
    General and administrative (554 )   (517 )   (70 )   (2,689 )   (1,623 )   (223 )
    Total (980 )   (796 )   (109 )   (4,804 )   (2,999 )   (411 )
                   
    (4) Includes amortization of business cooperation arrangement and intangible assets resulting from assets and business acquisitions as follows:
    Fulfillment (103 )   (72 )   (10 )   (414 )   (288 )   (39 )
    Marketing (221 )   (229 )   (31 )   (880 )   (903 )   (123 )
    Research and development (66 )   (53 )   (7 )   (305 )   (205 )   (28 )
    General and administrative (32 )   —     —     (128 )   (64 )   (9 )
    Total (422 )   (354 )   (48 )   (1,727 )   (1,460 )   (199 )
            
    (5) “Others, net” consists of interest income; gains/(losses) related to long-term investments without significant influence, including fair value changes, acquisitions or disposals gains/(losses), and impairments; government incentives; foreign exchange gains/(losses); and other non-operating income/(losses).
    JD.com, Inc.
    Unaudited Non-GAAP Net Income Per Share and Per ADS
    (In millions, except per share data)
     
      For the three months ended   For the year ended
      December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024
    		   December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024
      RMB
    		   RMB
    		   US$
    		   RMB
    		   RMB
    		   US$
                                       
    Non-GAAP net income attributable to the Company’s ordinary shareholders 8,415     11,294     1,547     35,200     47,827     6,552  
                                       
    Weighted average number of shares:
    Basic 3,147     2,903     2,903     3,144     2,990     2,990  
    Diluted 3,166     3,041     3,041     3,171     3,076     3,076  
                                       
    Non-GAAP net income per share:
    Basic 2.67     3.89     0.53     11.20     16.00     2.19  
    Diluted 2.65     3.71     0.51     11.08     15.53     2.13  
                                       
    Non-GAAP net income per ADS:
    Basic 5.35     7.78     1.07     22.39     31.99     4.38  
    Diluted 5.30     7.42     1.02     22.17     31.07     4.26  
    JD.com, Inc.
    Unaudited Condensed Consolidated Statements of Cash Flows and Free Cash Flow
    (In millions)
     
      For the three months ended   For the year ended
      December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024    		   December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024
      RMB
    		   RMB
    		   US$   RMB
    		   RMB
    		   US$
                   
    Net cash provided by operating activities 19,613     24,891     3,410     59,521     58,095     7,959  
    Net cash used in investing activities (63,072 )   (12,483 )   (1,710 )   (59,543 )   (871 )   (119 )
    Net cash used in financing activities (745 )   (2,784 )   (381 )   (5,808 )   (21,004 )   (2,877 )
    Effects of exchange rate changes on cash, cash equivalents and restricted cash (213 )   1,136     155     125     98     13  
    Net (decrease)/increase in cash, cash equivalents and restricted cash (44,417 )   10,760     1,474     (5,705 )   36,318     4,976  
    Cash, cash equivalents, and restricted cash at beginning of period, including cash and cash equivalents classified within assets held for sale 123,868     104,956     14,379     85,156     79,451     10,884  
    Less: Cash, cash equivalents, and restricted cash classified within assets held for sale at beginning of period —     (2 )   —*     (41 )   (53 )   (7 )
    Cash, cash equivalents, and restricted cash at beginning of period 123,868     104,954     14,379     85,115     79,398     10,877  
    Cash, cash equivalents, and restricted cash at end of period, including cash and cash equivalents classified within assets held for sale 79,451     115,716     15,853     79,451     115,716     15,853  
    Less: Cash, cash equivalents, and restricted cash classified within assets held for sale at end of period (53 )   —*     —*     (53 )   —*     —*  
    Cash, cash equivalents and restricted cash at end of period 79,398     115,716     15,853     79,398     115,716     15,853  
                   
    Net cash provided by operating activities 19,613     24,891     3,410     59,521     58,095     7,959  
    Add/(Less): Impact from consumer financing receivables included in the operating cash flow 251     1,243     170     (492 )   (132 )   (18 )
    Less: Capital expenditures, net of related sales proceeds              
    Capital expenditures for development properties (4,596 )   (875 )   (120 )   (12,117 )   (7,286 )   (998 )
    Other capital expenditures (1,969 )   (1,789 )   (245 )   (6,261 )   (6,937 )   (951 )
    Free cash flow 13,299     23,470     3,215     40,651     43,740     5,992  

    *Absolute value is less than RMB1 million or US$1 million.

    JD.com, Inc.
    Supplemental Financial Information and Business Metrics
    (In RMB billions, except turnover days data)
     
        Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
    Cash flow and turnover days            
    Operating cash flow – trailing twelve months (“TTM”)   59.5 69.8 74.0 52.8 58.1
    Free cash flow – TTM   40.7 50.6 55.6 33.6 43.7
    Inventory turnover days(6) – TTM   30.3 29.0 29.8 30.4 31.5
    Accounts payable turnover days(7) – TTM   53.2 51.8 57.0 57.5 58.6
    Accounts receivable turnover days(8) – TTM   5.6 5.4 5.7 5.8 5.9
     
    (6) TTM inventory turnover days are the quotient of average inventory over the immediately preceding five quarters, up to and including the last quarter of the period, to cost of revenues of retail business for the last twelve months, and then multiplied by 360 days.
    (7) TTM accounts payable turnover days are the quotient of average accounts payable for retail business over the immediately preceding five quarters, up to and including the last quarter of the period, to cost of revenues of retail business for the last twelve months, and then multiplied by 360 days.
    (8) TTM accounts receivable turnover days are the quotient of average accounts receivable over the immediately preceding five quarters, up to and including the last quarter of the period, to total net revenues for the last twelve months and then multiplied by 360 days. Presented are the accounts receivable turnover days excluding the impact from consumer financing receivables.
    JD.com, Inc.  
    Unaudited Reconciliation of GAAP and Non-GAAP Results  
    (In millions, except percentage data)
      For the three months ended   For the year ended
      December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024    		   December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024
      RMB
    		   RMB
    		   US$   RMB
    		   RMB
    		   US$
                   
    Income from operations 2,025     8,491     1,163     26,025     38,736     5,307  
    Add: Share-based compensation 980     796     109     4,804     2,999     411  
    Add: Amortization of intangible assets resulting from assets and business acquisitions 309     241     33     1,281     1,010     137  
    Add: Effects of business cooperation arrangements 113     113     15     446     450     62  
    Reversal of: Gain on sale of development properties (802 )   (1,527 )   (209 )   (2,283 )   (1,527 )   (209 )
    Add: Impairment of goodwill and long-lived assets 5,168     2,361     323     5,168     2,361     323  
    Non-GAAP income from operations 7,793     10,475     1,434     35,441     44,029     6,031  
    Add: Depreciation and other amortization 1,868     2,054     281     7,011     7,894     1,083  
    Non-GAAP EBITDA 9,661     12,529     1,715     42,452     51,923     7,114  
                   
    Total net revenues 306,077     346,986     47,537     1,084,662     1,158,819     158,758  
                   
    Non-GAAP operating margin 2.5 %   3.0 %       3.3 %   3.8 %    
                   
    Non-GAAP EBITDA margin 3.2 %   3.6 %       3.9 %   4.5 %    
    JD.com, Inc.
    Unaudited Reconciliation of GAAP and Non-GAAP Results
    (In millions, except percentage data)
     
      For the three months ended   For the year ended
      December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024    		   December 31,
    2023
    		   December 31,
    2024
    		   December 31,
    2024
      RMB
    		   RMB
    		   US$   RMB
    		   RMB
    		   US$
                   
    Net income attributable to the Company’s ordinary shareholders 3,389     9,854     1,350     24,167     41,359     5,666  
    Add: Share-based compensation 744     649     89     3,817     2,429     333  
    Add: Amortization of intangible assets resulting from assets and business acquisitions 144     116     16     669     458     63  
    Add: Reconciling items on the share of equity method investments(9) 69     563     77     1,071     1,227     168  
    Add: Impairment of goodwill, long-lived assets, and investments 4,430     2,971     406     6,202     5,667     775  
    Add/(Reversal of): Loss/(Gain) from fair value change of long-term investments 453     (611 )   (83 )   848     (1,083 )   (148 )
    Reversal of: Gain on sale of development properties (601 )   (1,145 )   (157 )   (1,721 )   (1,145 )   (157 )
    Reversal of: Gain on disposals/deemed disposals of investments and others (71 )   (574 )   (78 )   (126 )   (853 )   (117 )
    Add: Effects of business cooperation arrangements 113     113     15     446     450     62  
    Reversal of: Tax effects on non-GAAP adjustments (255 )   (642 )   (88 )   (173 )   (682 )   (93 )
    Non-GAAP net income attributable to the Company’s ordinary shareholders 8,415     11,294     1,547     35,200     47,827     6,552  
                   
    Total net revenues 306,077     346,986     47,537     1,084,662     1,158,819     158,758  
                   
    Non-GAAP net margin attributable to the Company’s ordinary shareholders 2.7 %   3.3 %       3.2 %   4.1 %    
                   
    (9) To exclude the GAAP to non-GAAP reconciling items on the share of equity method investments and share of amortization of intangibles not on their books.

    1 The U.S. dollar (US$) amounts disclosed in this announcement, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the readers. The conversion of Renminbi (RMB) into US$ in this announcement is based on the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of December 31, 2024, which was RMB7.2993 to US$1.00. The percentages stated in this announcement are calculated based on the RMB amounts.
    2 See the sections entitled “Non-GAAP Measures” and “Unaudited Reconciliation of GAAP and Non-GAAP Results” for more information about the non-GAAP measures referred to in this announcement.
    3 The number of ordinary shares outstanding as of December 31, 2023 was approximately 3,138 million shares.
    4 JD Ecosystem is a closely integrated business network providing comprehensive service for customers and comprises the Company and certain affiliates who share the “JD” brand name, currently including Jingdong Technology Holding Co., Ltd. and Allianz Jingdong General Insurance Company Ltd..

    The MIL Network –

  • MIL-OSI Economics: Winners of Huawei ICT Competition 2024-2025 APAC Final Announced

    Source: Huawei

    Headline: Winners of Huawei ICT Competition 2024-2025 APAC Final Announced

    [Kuala Lumpur, Malaysia, March 6, 2025] The awards ceremony for the Asia-Pacific Regional Final of the Huawei ICT Competition 2024-2025, jointly hosted by Huawei and the ASEAN Foundation, was held in Kuala Lumpur, Malaysia on February 27. The competition attracted more than 8,000 students from over 20 countries and regions, marking a 25% increase compared to the previous year. After a rigorous selection process, over 110 students from 12 countries and regions succeeded in advancing to the Finals.
    Guests, teachers, and students stand for the national anthem of Malaysia and the ASEAN anthem

    Among the esteemed guests in attendance were YB Dato’ Seri Diraja Dr. Zambry Abdul Kadir, Minister of Higher Education of Malaysia; Prof. Datuk Dr. Azlinda Azman, Director General of Higher Education; H.E. Nararya S. Soeprapto, Deputy Secretary-General of ASEAN for Community and Corporate Affairs; Mr. Kongsada Detvongsone, Deputy Permanent Representative of the Permanent Mission of the Lao PDR to ASEAN; Dr. Piti Srisangnam, Executive Director of the ASEAN Foundation.
    Alex Zhang, Vice President of Huawei Asia Pacific Region, said in his speech that Huawei is honored to establish more ICT academies and organize ICT competitions to cultivate a learning ecosystem. “In this ecosystem, future leaders will be able to utilize technologies such as 5G, AI, and cloud computing to develop effective solutions. Whether it’s driving digital economic development, building sustainable cities, improving healthcare services, or enhancing education quality, these efforts are all crucial.”
    The team from the Institute of Technology of Cambodia won the grand prize in the Innovation Track of the competition. The judges highly praised their work for its technical innovation as well as its business and social significance. Posts and Telecommunications Institute of Technology from Vietnam won the grand prize in the Computing Track, Institut Teknologi Bandung from Indonesia won the grand prize in the Network Track, and the i-Academy from the Philippines won the grand prize in the Cloud Track. The grand prizes were presented by YB Dato’ Seri Diraja Dr. Zambry Abdul Kadir and H.E. Nararya S. Soeprapto, and witnessed by Prof. Datuk Dr. Azlinda Azman and Alex Zhang.
    Grand prize winners of the Innovation Track

    Grand prize winners of the Computing Track

    Grand prize winners of the Network Track

    Grand prize winners of the Cloud Track

    35 teams from Malaysia, Singapore, Brunei, Japan, Laos, Thailand, Hong Kong SAR (China), and Macao SAR (China) won first, second, and third prizes in the four competition tracks. Mr. Kongsada Detvongsone, Huawei Service Fellow Sun Hu, and Alex Zhang presented the awards to the winning teams. The top-ranked teams will represent the Asia-Pacific region at the Global Final in Shenzhen in May 2025.
    In this year’s newly introduced Teaching Competition, Dr. Husni Teja Sukmana from the Association of Higher Education in Informatics and Computer Science (APTIKOM) in Indonesia won the grand prize for his exceptional teaching skills.
    The competition also presented special awards to recognize participants who excelled in promoting digital inclusion and contributing to a sustainable, smart world. The team from the National University of Singapore won the TECH4ALL Digital Inclusion Award, while the team from Universiti Teknologi Brunei won the Green Development Award. Additionally, in an effort to encourage more women to pursue careers in technology and innovation while supporting the expansion of the ICT industry, Huawei presented a special honor—the Women in Tech Award—which was claimed this year by Malaysia’s Universiti Malaya. The award was presented by Dr. Piti Srisangnam.
    One of Huawei’s key business slogans is “In the Asia Pacific region, for the Asia Pacific region.” Leveraging its robust technical capabilities, Huawei proactively collaborates with governments, universities, and enterprises to establish a thriving ecosystem that fosters the growth and development of ICT talent in the Asia Pacific region.
    In the last eight years, the Huawei ICT Academy has made significant progress. The program has grown from partnering with just two universities in two countries to collaborating with over 340 universities in 18 countries. In 2024, Huawei kept pace with the latest technology trends and industry developments, launching nine new courses in the Asia-Pacific Region focused on areas like AI, openEuler, Gauss, and cloud computing.
    Additionally, Huawei worked on integrating and creating localized courses in Thai and Indonesian languages to provide students with more cutting-edge, diverse, and applicable learning resources. In 2023, Huawei collaborated with the Ministry of Labor of Thailand and the Thailand Vocational Qualification Association to introduce PV installer certification and network engineer training. Huawei integrated its career certification system into Thailand’s arsenal of ICT education standards, partnering with universities and companies to establish training programs. To date, over 300 trainees have received dual certificates through these initiatives.
    These initiatives have helped boost the local digital talent ecosystem in Thailand. As part of its first vocational education project outside China, Huawei collaborated with the government and certification bodies to develop courses and qualifications, setting a positive example for nurturing ICT talent across the Asia-Pacific region and beyond.
    ICT competition fosters effective teamwork between contestants and helps them build their creativity and entrepreneurship. Later on, these qualities will help them succeed in their chosen careers. Considering both economic and social value, the competition promotes the adoption of the latest ICTs (such as the Internet, big data, and AI) in production, education, research, and application. Participating countries and regions recognize the importance of investing in the ICT talent ecosystem, which leads to faster digital transformation worldwide. In addition, the competition promotes equal access to quality education and global digital inclusion.

    MIL OSI Economics –

  • MIL-OSI Europe: ASIA/MYANMAR – In Kachin State: Catholic pastoral center bombed

    Source: Agenzia Fides – MIL OSI

    Banmaw diocese

    Banmaw (Agenzia Fides) – The pastoral center on the grounds of the Catholic Church of St. Michael in Nan Hlaing, in a rural area of the diocese of Banmaw (northern Myanmar), was hit and destroyed by a bombing raid by the Burmese army. “Five bullets and two aerial bombs fired at our church grounds hit the building but did not injure anyone,” reports Jesuit Wilbert Mireh, parish priest of the church with a history of over a century. The Jesuit reports that he had to travel to a distant place on the border with China to find a place with electricity and internet access and to be able to communicate with the outside world. “Electricity, telephone and other services have been absent in our area since July 2024,” he says. Banmaw is located in Kachin State, about 186 km south of the capital Myitkyina, and has a population of about 65,000, mainly Kachin, but also Bamar, Shan and Han. “The bombing caused damage to the building, but no injuries. We thank God that we are safe, although people here are fighting for survival, there are no schools, clinics or shops,” Father Mireh continued. “After this new attack, the faithful trust in the Archangel Michael and pray to him to protect us. Even the boys and children sing and invoke Saint Michael,” he reports. “We usually celebrate Mass under the trees because it is too dangerous to be in the church and the building has already been hit and damaged. But I must say that despite the suffering and the precarious conditions, the faith and spirit are strong. The faithful pray every day that the Lord, through the Archangel Michael, continues to grant his protection and watch over us,” the religious continued. Father Mireh is Burma’s native Jesuit, ordained a priest in 2013 and now one of around 30 Burmese Jesuits. After his pastoral service in Loikaw, he was sent to Banmaw, where, in addition to pastoral care for the faithful, he has always devoted himself to social apostolate and education. “Today, the fact that children do not have school is one of the serious consequences of the civil war,” he notes. Father Mireh concludes: “Despite the fear and unease, we will continue to live for good, truth and justice, firm in our faith.” The context in which the local Catholic community finds itself today is that of Kachin State in northern Myanmar, where a bitter struggle is taking place between the regular army and the army of the Kachin ethnic minority, which has taken up positions near the town of Banmaw. The Kachin Independence Army (KIA), which is fighting for the state’s self-determination, is one of the best organized ethnic militias that has been active for decades and has joined the resistance against the currently ruling military junta. In Kachin State, the Burmese army has been forced to withdraw from large parts of the area and is now bombarding it with artillery and aircraft. According to local sources, due to the ongoing fighting for control of Banmaw, most of the city’s residents have fled, leaving only about 20,000 people living in the city. The displaced have fled to the surrounding forests and villages, where they find few resources for their livelihood. The Banmaw diocese is located in the southeastern part of Kachin State, in the border area with China. In recent years, even before the 2021 coup, the conflict between the regular Myanmar army and the KIA had created over 120,000 displaced people. The war has intensified and has affected nine of the diocese’s 13 parishes in the last two years, further increasing the number of refugees. (PA) (Agenzia Fides, 5/3/2024)
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  • MIL-OSI Europe: AMERICA/HAITI – “Educating to create a supportive and fraternal community”: literacy school for young people and adults

    Source: Agenzia Fides – MIL OSI

    Wednesday, 5 March 2025

    MM

    Jeremie (Agenzia Fides) – “I have returned to Jeremie for a few days to stock up on supplies so I can continue with community activities. With the March 8th celebration approaching, the parish, together with the women of Pourcine-Pic Makaya, is organizing a day of training, dialogue and celebration. I hope to return to the parish with all the necessary material to begin adult literacy classes in mid-March,” said Father Massimo Miraglio, Camillian missionary and parish priest of the Pourcine-Pic Makaya community, to Fides.“Thanks to the support of the humanitarian organization Heks Eper,” he continued, “I should be able to transport the sheets for the roof of the guest house to the bottom of the valley. Then the local people will take them to the village.” However, he warns that the work on the house is progressing slowly despite having greatly simplified the project. “There are many difficulties,” he added.Haiti is the poorest country on the American continent, with a very high rate of illiteracy among young people and adults, especially in rural areas, where access to education for these two categories of people is almost impossible. Illiteracy is an obstacle to the human and socio-economic development of communities, reducing employment opportunities and the participation of citizens in civil society. In the complex Haitian rural context, this reality aggravates discrimination against women and the most vulnerable groups. Thanks to the support of Madian Orizzonti ETS, the non-profit organization of the Camillian Religious, the literacy project for young people and adults (Alfa) in the rural mountain community of Pourcine-Pic Makaya continues with the aim of improving the living conditions of its inhabitants. “In mid-February, Alfa teachers participated in a training day on teaching in these schools for adults. It was a very enriching experience for everyone and we hope to be able to organize more sessions soon. It is another small step forward for our community. 150 people have already signed up and we have 12 teachers involved.” “Education,” insists Father Massimo Miraglio, “is a fundamental tool for Pourcine-Pic Makaya to fight poverty. Literacy is key both for individuals, as it expands their development possibilities, and for the local community, by strengthening their resilience and promoting a sustainable development model.”Father Miraglio also talks about another project he is working on, which he describes as “more delicate” and complex: a microcredit program for 20 women with children in the Pourcine-Pic Makaya community. “It is a program with a significant potential impact, but it must be managed with caution. The situation in Haiti is difficult everywhere at the moment, but, like our brothers and sisters in Port-au-Prince, we remain firm in our place. And we work…”Experience in various countries has shown that, with even limited financial capital, the poor can achieve profound changes in their lives. This microcredit project is aimed especially at women with children and seeks to enhance their personal background and skills, enabling them to start activities that, due to lack of resources, they cannot carry out. Its main objectives are to strengthen the self-confidence of the beneficiaries, improve the economic stability of their households and help them overcome the poverty line.“We are entering the great planting season for beans and corn, a period of intense work for the community of Pourcine-Pic Makaya,” says Father Miraglio, who is involved on multiple fronts. “I am also preparing part of the parish land for planting, in the hope that there will be a good harvest for everyone, God willing. It is important to share the same hopes and work alongside them.” In the meantime, the Camillian missionary has also launched a project for coffee production, although its progress has been slowed by heavy rains, which have delayed the germination of the seeds sown at the end of 2024. “In addition, the phytocells – small bags bought in Italy – are still stuck in Port-au-Prince, as land access to Jérémie remains blocked,” he explains. “Reviving coffee cultivation is essential for the Pourcine-Pic Makaya community. In the meantime, the first seedbed is germinating and I have finally obtained a first batch of small bags for the seedlings. We will soon have to prepare the physical space for the nursery.” This nursery will be managed by students in grades 4, 5 and 6 of the parish school, boys and girls between 12 and 16 years old, under the guidance of an elderly coffee farmer. “From time to time, an agronomist who passes through the area will offer us theoretical training,” concludes Father Miraglio. (AP) (Agenzia Fides, 5/3/2025)
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  • MIL-OSI United Kingdom: UN Human Rights Council 58: UK Statement at the Interactive Dialogue with the Special Rapporteur on Human Rights Defenders

    Source: United Kingdom – Executive Government & Departments

    World news story

    UN Human Rights Council 58: UK Statement at the Interactive Dialogue with the Special Rapporteur on Human Rights Defenders

    UK Statement at the Interactive Dialogue with the Special Rapporteur on Human Rights Defenders. Delivered at the 58th Human Rights Council in Geneva.

    Thank you Mr President.

    The United Kingdom welcomes the Special Rapporteur’s report and her ongoing work on what is a high priority mandate for the UK. We thank her for drawing attention to the work of human rights defenders in isolated, remote and rural contexts.

    We recognise the additional risks that these brave defenders face and deplore the exploitation of their geographical location to threaten and attack them.

    Human rights defenders make crucial contributions to human rights, sustainable development and the rule of law. We call on all States to provide a safe, accessible and supportive environment for individuals and organisations carrying out this work.

    At a practical level the UK continues to support human rights defenders and their work through our diplomatic network who regularly meet with them. We monitor cases and raise issues both directly with governments, as well as through multilateral organisations and bodies.

    Special Rapporteur,

    We would like to ask what further practical steps can States take to develop protection mechanisms for human rights defenders working in isolated, remote and rural contexts?

    Updates to this page

    Published 6 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Nations: Looming famine in Rakhine signals wider crisis in Myanmar

    Source: United Nations MIL OSI b

    By Vibhu Mishra

    Peace and Security

    Up to two million people in Myanmar’s Rakhine state face the dire prospect of famine, amid a broader economic collapse and worsening humanitarian crisis triggered by the military’s 2021 overthrow of the democratically elected government.

    In a report released on Thursday, the UN Development Programme (UNDP) described the situation in the poverty-struck province as an “unprecedented disaster”.

    “A perfect storm is brewing,” it said, citing a combination of interlinked issues – restrictions on domestic and international flow of goods, hyperinflation, loss of livelihoods, dwindling agricultural production and lack of essential services.

    Without urgent action nearly the entire population (about 95 per cent) “will regress into survival mode”, UNDP warned.

    “They will be left to fend for themselves amid a drastic reduction in domestic production, skyrocketing prices, widespread unemployment and heightened insecurity.”

    Rakhine is home to the mostly-Muslim Rohingya community who fled a brutal military crackdown in 2017 in their hundreds and thousands, in what the former UN High Commissioner for Human Rights Zeid Ra’ad Al Hussein called ethnic cleansing.

    Today, nearly one million Rohingya refugees remain in neighbouring Bangladesh, where UN aid teams have had to cut food rations amid major funding shortages.

    Collective punishment

    Data collected across Rakhine in 2023 and 2024, also pointed to a virtual halt in the state’s economy, with critical sectors such as trade, agriculture and construction nearly at a standstill.

    “People’s incomes are collapsing because export-oriented, agrarian livelihoods in Rakhine are disappearing as the domestic and international markets are no longer accessible due to blockades,” UNDP said.

    It added that the restrictions put in place by the military’s State Administration Council were “clearly aimed at isolating Rakhine from the rest of the country and exacting ‘collective punishment’ on an already vulnerable population”.

    Repercussions beyond borders

    UNDP further warned that the recent escalation in manipulating ethnic identity along with an imminent economic catastrophe, will deepen marginalization, disenfranchisement and put intercommunal relationships at even greater risk than ever before.

    “As the crisis worsens, the lack of resources and opportunities will continue to fuel tensions and trigger a greater exodus of youth and families…this would have repercussions both within Myanmar and beyond its borders,” it said.

    “Without safe avenues for escape, we anticipate an increase in human trafficking, particularly among the vulnerable Rohingya population.”

    Knock-on effects

    The knock-on effects of the situation Rakhine are contributing to a pattern of internal migration across Myanmar.

    As the economic situation worsens, many families see relocation as their only option for survival, a separate UNDP report on migration patterns revealed. Many young adults are leaving their communities for urban centres in search of work and stability.

    However, what they find is often far from what they had hoped – jobs are scarce and those who migrate for safety rather than economic opportunity frequently encounter severe mental health challenges.

    Women face an additional burden: lower wages, higher rates of discrimination and greater obstacles in the job market.

    © UNDP

    A girl scavenges for recyclable materials at a garbage dump in Mandalay, Myanmar’s second-largest city, where impoverished families are often forced to search for items to sell for minimal income. (file)

    Brain drains

    The migration crisis extends beyond Myanmar’s borders, with comparisons revealing stark differences between internal migrants and those who flee to neighbouring countries, such as Thailand.

    Those who moved abroad often earned better wages, experiencing improved living conditions. This could potentially lead to labour shortages and hinder any future recovery, UNDP said.

    “With nearly 25 per cent of the population already living abroad, addressing these migration trends is essential to retaining a productive workforce within the country,” it added.

    Dwindling human capital

    Compounding this, the conflict and economic strife are accelerating the degradation of Myanmar’s human capital and prospects look equally bleak.

    Essential services like healthcare, education, and access to clean water and sanitation are becoming luxuries out of reach for many, according to data released by UNDP in September, with nearly 25 per cent of children no longer attending school.

    The dropout rates are climbing in regions hardest hit by violence and economic hardship, such as Rakhine and neighbouring Chin state.

    The healthcare systems are strained to the breaking point and basic medical needs remain unmet, UNDP said.

    “A mass exodus of skilled workers is depleting the nation’s productive capacity, exacerbating the long-term effects of this crisis.”

    MIL OSI United Nations News –

  • MIL-OSI United Nations: World News in Brief: Death toll rises in Darfur, Cyclone Chido latest, São Tomé and Príncipe takes development step

    Source: United Nations MIL OSI b

    Peace and Security

    UN humanitarians expressed alarm on Monday at the rising numbers of civilian casualties in and around the besieged Sudanese city of El Fasher, in northern Darfur.

    According to news reports citing local sources, paramilitaries from the so-called Rapid Support Forces who have been battling the forces of the military Government for 18 months, launched a missile attack at the weekend which killed more than 30 people in the city, while a drone attack on Friday reportedly killed nine and wounded 20 at the Saudi Hospital in El Fasher.

    Attacks include the repeated shelling of the Zamzam displacement camp since the beginning of this month, said UN Spokesperson Stéphane Dujarric, briefing correspondents in New York.

    “The camp hosts hundreds of thousands of people and famine conditions were confirmed there earlier this year.”

    In response to the deaths in the city in recent days, Mr. Dujarric condemned all civilian killings “wherever they occur”.

    ‘Deplorable’ attacks

    WHO Director-General Tedros Adhanom Ghebreyesus said of the attack on the main hospital that it was no longer operational, describing all attacks on healthcare as “deplorable”, in a post on X. The hospital is no longer operational. (repeat)

    “This is part of a broader escalation of attacks across Darfur and in other areas of Sudan,” the Spokesperson added, reiterating the call from UN humanitarian affairs office, OCHA, for an immediate ceasefire

    “We reiterate that international humanitarian law must be respected. Civilians and civilian infrastructure, including hospitals, are not targets,” he added.

    Cyclone Chido: Humanitarians rush aid to affected areas

    After Cyclone Chido made landfall in the French island territory of Mayotte at the weekend, leaving an unknown number of dead and destruction on a massive scale, UN teams began aid distribution in Cabo Delgado province, in northern Mozambique – following the deadly storm making landfall there.

    Around two million people are at risk in Mozambique, including 627,000 identified as being at “high risk”.

    In an alert, the UN World Food Programme (WFP) said that voluntary evacuation plans began to be circulated on 8 December, reaching more than 400,000 people.

    The UN agency reported that in less than 24 hours, emergency food assistance reached around 500 cyclone-affected families in temporary accommodation centres in Pemba district alone.

    Humanitarians have been on high alert since the French Indian Ocean territory of Mayotte experienced its worst cyclone in almost a century on Saturday. Media reports showed trees uprooted and houses smashed, while communities faced power cuts and fears over a lack of drinking water.

    Close cooperation

    The UN is working closely with the Government in Mozambique to assess the damage and humanitarian impact.

    For its part, UN Children’s Fund, UNICEF, and partners are providing water and sanitation supplies to mitigate disease risks as the region is already grappling with a cholera outbreak.

    Preliminary figures indicate that 140,000 people have been impacted across Cabo Delgado Province, where more than one million people are already in need of assistance due to the ongoing conflict, said UN Spokesperson Stéphane Dujarric.

    “Our humanitarian colleagues tell us that in the most impacted districts – including Mecufi and Metuge – people urgently need shelter, they need water, they need sanitation, hygiene, health and protection assistance,” he added.

    Emergency Relief Coordinator, Tom Fletcher, allocated $4 million from the Central Emergency Response Fund to support early response efforts.

    São Tomé and Príncipe takes major development step

    The UN has congratulated São Tomé and Príncipe on its official graduation from the Least Developed Countries (LDC) category.

    The Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UNOHRLLS) said the milestone “marks a significant achievement in the country’s development journey and reflects its sustained efforts to achieve robust economic growth, enhance human development, and improve resilience against vulnerabilities.”

    The graduation also underscores the international community’s collective push to support LDCs overall and is “the result of years of strategic planning, effective policymaking, and international partnerships,” added OHRLLS in a statement.

    The UN Committee for Development Policy recommended the country’s graduation after it met the necessary criteria based on per capita income, human assets, and economic and environmental vulnerability indices.

    Notable accomplishments include the increase in universal health coverage from 47 per cent in 2010 to 59 per cent by 2021 and being ranked 11th among 54 African nations in the 2021 Ibrahim Index of African Governance.

    “The graduation of São Tomé and Príncipe is a historic milestone that underscores the resilience, vision, and determination of its government and people,” said Rabab Fatima, High Representative for OHRLLS.

    “This achievement is a powerful testament to the impact of effective partnership and multilateral cooperation, offering both a model and an inspiration for other LDCs working to overcome structural challenges and achieve sustainable development.”

    MIL OSI United Nations News –

  • MIL-OSI United Nations: World’s largest urban development forum concludes with Cairo Call to Action

    Source: United Nations MIL OSI b

    SDGs

    The twelfth edition of the World Urban Forum wrapped up on Friday with the adoption of the Cairo Call to Action, after intense discussions focused on the global housing crisis and financing urbanization, all under the theme “It All Starts at Home.”

    Ahead of the closing ceremony, UN-Habitat Executive Director, Anaclaudia Rossbach, emphasised the Forum’s timely emphasis on local action.

    “Over half of the world’s population now resides in urban areas,” she said, as she highlighted the pivotal role of local governments in shaping cities and human settlements.

    WUF12 was “a turning point in the journey of the World Urban Forum,” she declared.

    Record-breaking Forum

    Over the past five days, WUF12, convened biennially by UN-Habitat, explored urbanization through six main dialogues, roundtables, assemblies, and partner-led events.

    “We have broken many records and scaled new heights at this World Forum,” Ms. Rossbach stated, citing impressive metrics, including the attendance of over 24,000 participants from 182 countries.

    UN-Habitat head Rossbach addressing the closing of WUF12.

    In addition, four heads of state, 60 ministers, 45 deputy ministers and 96 mayors, attended more than 700 events from 1,500 organizers.  

    In all over 63,000 people, in person or online, attended dialogues, sessions and discussions. 

    Crucial issues tackled

    Discussions at WUF12, she said, highlighted key challenges central to promoting sustainable cities. These included the urgency of addressing the global housing crisis, recognizing that adequate housing is a human right and its links to climate and humanitarian crises.

    Alongside, finance for urban sustainability must be prioritizing, through tapping into unused financial resources in cities, as needed.

    Capturing, sharing, and learning from best practices to accelerate action effectively and at scale, is equally important, she said, as is leveraging the potential of coalitions and partnerships in the face of complex and unprecedented challenges. 

    UN News/Khaled Mohamed

    Manal Awad, Minister of Local Development, Egypt presenting Cairo Call to Action.

    The Cairo Call to Action  

    On the final day, delegations adopted the Cairo Call to Action, pledging to act with urgency to address the global housing crisis as well as leveraging local action to achieving global goals and targets.

    The Cairo Call to Action also emphasized, among other points, the need for sustaining a systemic representation of local actors at all levels, sharing urban spaces and opportunities inclusively, urban planning to deliver better local outcomes, and unlocking finance for cities and communities.  

    Delegations also committed to ensuring equity and justice for sustainable cities, leveraging local and grassroots data for decision-making, harnessing culture and heritage as an asset for sustainability, and building coalitions and alliances to scale local impact.

    Ensuring a decent life

    Speaking at the closing, Egypt’s Minister of Housing, Sherif El-Sherbiny, reinforced the theme’s importance, stating, “everything starts locally, from where we live.”

    He pledged that Egypt’s government will continue to work toward providing a “decent life” and sustainable development for all citizens.

    “We are able. We can build a better future for us and for the next generation,” he added.

    UN News/Khaled Mohamed

    Sherif El-Sherbiny, Egypt’s Minister of Housing.

    Hard work continues

    Several non-governmental organization (NGOs) and civil society organizations emphasized safety and inclusivity, such as the Van Leer Foundation, which supports young children, caregivers and communities worldwide.

    Chief Programme Officer Rushda Majeed highlighted the foundation’s mission to foster inclusive communities, noting that WUF12 was valuable for showcasing actions from prior Forums.

    She highlighted the many conversations and presentations, building upon earlier outcomes.

    “We find this of great value in terms of not only meeting people and advocating for particular causes but really learning about what has been done.”

    On the closing day, discussions focused on creating safer spaces for future generations.

    One roundtable featured Professor Anna Barker from the University of Leeds, in the United Kingdom, who shared her research on women’s and girls’ safety in public parks.

    “We spoke to a diverse range of women and girls,” she said, “and used their feedback to create new guidance.”

    This guidance has been implemented through the Green Flag Award programme across 17 countries.

    UN News/Khaled Mohamed

    Anna Barker is an associate professor in criminal justice and criminology at the University of Leeds.

    Looking ahead

    In the coming weeks and months, UN-Habitat will highlight the outcomes of WUF12 at key events, including COP29 in Baku, Azerbaijan.  

    Ms. Rossbach said the outcomes would inform discussions within UN-Habitat and the first open-ended Intergovernmental Working Group on Adequate Housing for All.  

    “We are excited about the journey to Baku,” she added, referencing the 2026 WUF13, as the Forum continues to address the challenges of urbanization. 

    MIL OSI United Nations News –

  • MIL-OSI United Nations: ‘Naked struggle for power and resources’ leaves civilians paying unbearable price: UN human rights chief

    Source: United Nations MIL OSI b

    “Our world is going through a period of turbulence and unpredictability, reflected in growing conflict and divided societies,” Türk told the Human Rights Council.

    “We cannot allow the fundamental global consensus around international norms and institutions, built painstakingly over decades, to crumble before our eyes.”

    The weapons of war

    Presenting his global update covering more than 30 countries, the High Commissioner described as “outrageous” the fact that legal safeguards for non-combatants were being repeatedly ignored.

    “Civilians are deliberately attacked. Sexual violence and famine are used as weapons of war,” Mr. Türk said. “Humanitarian access is denied, while weapons flow across borders and circumvent international sanctions. And humanitarian workers are targeted. In 2024, a record 356 humanitarian workers were killed while providing aid to people in some of the world’s most appalling crises.”

    Unbearable price

    In Sudan, the High Commissioner once again condemned devastating bomb attacks launched in heavily built-up areas with total impunity, by the parties to the conflict.

    All the while, the world’s worst humanitarian catastrophe deepens, threatening regional stability, he maintained: “Civilians are paying an unbearable price, in a naked struggle for power and resources. All countries must use their influence to apply pressure on the parties and their allies, to stop the war, embark on an inclusive dialogue, and transition to a civilian-led Government.”

    Ukraine’s people need peace

    Turning to Ukraine, whose future material support from the United States appeared unclear following televised disagreements between Presidents Trump and Zelensky at a White House meeting on Friday, Mr. Türk opposed any peace deal that excluded Ukraine.

    “Three years since the full-scale Russian invasion, people continue to suffer appallingly…Any discussions about ending the war must include Ukrainians and fully respect their human rights. Sustainable peace must be based on the United Nations Charter and international law.”

    Civilian casualties in Ukraine rose by 30 per cent between 2023 and 2024, the High Commissioner continued, as he accused Russia’s armed forces of systematically targeting Ukraine’s energy infrastructure with coordinated strikes, causing widespread disruptions to essential services.

    “Relentless attacks with aerial glide bombs, long-range missiles and drones have placed civilians in a state of constant insecurity and fear,” Mr. Türk noted.

    Ukrainian prisoners also continue to face summary executions and “widespread and systematic torture” by Russian forces, he continued.

    Gaza ceasefire focus

    In the Occupied Palestinian Territory, the UN rights chief insisted that the fragile ceasefire holds in Gaza “and becomes the basis for peace”.

    He also insisted that aid deliveries into Gaza should resume immediately, just as Israel announced a halt to aid flowing into the shattered enclave, having proposed extending the first phase of the ceasefire which ended at the weekend and which would allow Israeli troops to stay in Gaza.

    UN aid chief Tom Fletcher responded with alarm to the Israeli decision, insisting that the ceasefire “must hold”.

    In an online appeal, he added: “International humanitarian law is clear: We must be allowed access to deliver vital lifesaving aid. We can’t roll back the progress of the past 42 days. We need to get aid in and the hostages out.”

    Back in the Council, Mr. Türk explained that the Gaza had been “razed” by constant Israeli bombardment in response to the “horrific” Hamas-led attacks on Israel that sparked the war in October 2023. “Any solution to the cycles of violence must be rooted in human rights, including the right to self-determination, the rule of law and accountability. All hostages must be freed; all those detained arbitrarily must be released; and humanitarian aid into Gaza must resume immediately.”

    West Bank alert

    Reflecting deep concerns by humanitarians and the human rights community about Israeli military raids on Palestinian settlements in the West Bank, the UN High Commissioner insisted that Israel’s “unilateral actions and threats of annexation in the West Bank, in violation of international law, must stop”.

    Mr. Türk also condemned the use of “military weapons and tactics, including tanks and airstrikes, against Palestinians”. Equally worrying was “the destruction and emptying of refugee camps, the expansion of illegal settlements, the severe restrictions on movement and the displacement of tens of thousands of people”.

    DR Congo devastation

    Turning to the conflict in eastern Democratic Republic of the Congo, the High Commissioner underscored that entire communities in North and South Kivu had been devastated.

    “In the past five weeks, thousands of people have reportedly been killed during attacks by the M23 armed group, backed by the Rwandan Armed Forces, in intense fighting against the Armed Forces of the DRC and their allies,” the UN rights chief said, pointing to reports of rape, sexual slavery and summary executions.

    “More than half a million people have been forced to flee this year, adding to almost 7.8 million people already displaced in the country,” Mr. Türk said. “The violence must stop, violations by all parties must be investigated, and dialogue must resume.”

    © WFP/Michael Castofas

    More than half a million people have been forced to flee DR Congo this year.

    Deadliest year in Myanmar

    Moving on to the ongoing escalation of violence in Myanmar sparked by the military coup on 1 February 2021, the UN rights chief noted that 2024 was the deadliest year for civilians since the junta takeover.

    “The military ramped up brutal attacks on civilians as their grip on power eroded, with retaliatory airstrikes and artillery shelling of villages and urban areas…and the forcible conscription of thousands of young people,” he said, before calling for the supply of arms and finance to the country’s military’s to be “cut decisively”.

    Haiti spiral

    The UN rights chief also expressed deep concerns about chronic lawlessness and heavily armed clashes in Haiti involving gangs that humanitarians warned last week recruit children as young as eight. More than 5,600 people were killed last year and thousands more were injured or kidnapped, Mr. Türk told the Human Rights Council.

    “Full implementation of the Security Council‘s arms embargo and support to the Multinational Security Support Mission are crucial to resolving this crisis,” he insisted.

    Yemen

    On Yemen, the High Commissioner noted that amid ongoing hostilities, nearly 20 million Yemenis need humanitarian support. Mr. Türk also expressed his outrage at the death of a UN World Food Programme colleague in detention earlier this month. “All 23 UN staff – including eight colleagues from my own Office – who are arbitrarily detained by the Houthis must be released immediately.”

    In a half-hour address to the Council that traditionally highlights the most worrying emergencies in the world and the need to tackle their root causes, the UN rights chief issued a call for greater global solidarity and accountability for crimes as a way to push back against those who would violate fundamental freedoms.

    “We all have a responsibility to act – through our consumption habits, our social media use, and our political and social engagement,” he told the Council’s 47 Member States.

    “We can trace a clear line between the lack of accountability for airstrikes on hospitals in Syria in the 2010s, attacks on healthcare facilities in Yemen, and the destruction of health systems in Gaza and Sudan,” he continued.

    Toys of tech oligarchs

    Equally alarming is the rise of unelected and unregulated “tech oligarchs” who reflect the new global power dynamic, Mr. Türk warned, before urging governments to fulfil their primary purpose of protecting their people from unchecked power.

    Today’s tech oligarchs “have our data: they know where we live, what we do, our genes and our health conditions, our thoughts, our habits, our desires and our fears…And they know how to manipulate us,” the High Commissioner insisted.

    Electioneering tactics

    “I have followed recent election campaigns in Europe, North America and beyond with increasing trepidation. Single-issue soundbites devoid of substance oversimplify complex issues and are often based on scapegoating, disinformation, and dehumanization,” he continued.

    “Dehumanization is a well-worn step towards treating an entire group as outsiders, unworthy of the basic rights we all enjoy. It is a dangerous precursor to hate and violence and must be called out whenever it occurs.”

    UN Human Rights Council/Marie Bambi

    Volker Türk, UN High Commissioner for Human Rights, presents his latest report on the obligation to ensure accountability and justice in the Occupied Palestinian Territory.

    Toxic influence on gender equality

    The High Commissioner also voiced his concern about the resurgence of toxic ideas about masculinity and efforts to glorify gender stereotypes, especially among young men.

    To blame for this are “misogynistic influencers” with millions of followers on social media who “are hailed as heroes”, Mr. Türk said.

    Online and offline, their ideas push back against gender equality and result in “violence and hateful rhetoric against women, women’s rights defenders, and women politicians”, the High Commissioner continued. 

    In a message of solidarity with people who have been left “feeling alienated and abandoned” by such malign influences, Mr. Türk insisted that the United Nations was by their side. “Your concerns are our concerns, because they are about human rights: to education, to health, to housing, to free speech, and access to justice. Human rights are about people’s daily concerns for their families and their future. We must cherish the values of respect, unity and solidarity; and work together for a safer, more just, more sustainable world. We can and will persevere,” he concluded.

    MIL OSI United Nations News –

  • MIL-OSI Russia: Rosneft reconstructed the House of Culture in Bashkortostan

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    With the support of Bashneft (part of Rosneft), a large-scale reconstruction of the district House of Culture has been completed in the village of Askino in the Askinsky District of the Republic of Bashkortostan. The project was implemented within the framework of the Cooperation Agreement between Rosneft and the region.

    Rosneft actively supports social initiatives aimed at creating favorable living conditions in the regions of its presence. The company pays great attention to cultural and educational projects.

    The project included the reconstruction of the complex of buildings of the House of Culture and the library. The main part of the House of Culture was located in a building from the 80s of the last century and required a radical reconstruction. During the project, the facade of the building, engineering systems of heating, water supply and lighting were completely renovated. The institution was also equipped with equipment and musical instruments.

    Of particular interest to young people is the interactive space that has been created, which is equipped with modern equipment, including VR glasses, a digital camera, a gaming console and a touch-sensitive information panel.

    The library building adjacent to the main part of the House of Culture was built in 1906. All engineering systems were replaced and the interior was completely renovated. The library was equipped with new furniture, computer equipment and hardware. In addition, a summer reading room was organized in the open air and the adjacent territory was landscaped.

    Particular attention has been paid to creating an accessible barrier-free environment: the building is equipped with ramps, anti-slip surfaces, special entrances, as well as caterpillar stair lifts and chairs for the comfort of visitors with disabilities.

    The library’s book collection began to be formed in 1884, and today it comprises almost 50 thousand copies. Users are provided with access to the National Electronic Library and electronic services: a reading room and a legal reference system.

    In addition, the library has creative laboratories where anyone can implement their creative projects, participate in games and discussions in national languages, master classes on traditional crafts and cooking national cuisine.

    The House of Culture will become a venue for festivals, cultural events and a point of attraction for residents of the district and nearby areas. It includes 15 clubs and creative groups, in which almost 400 people are involved.

    Over the past five years, Bashneft has built and reconstructed more than 50 cultural facilities in the republic. Among them are the reconstruction of the socio-cultural center in the village of Kamenka in the Bizhbulyaksky District, the reconstruction of the historical and cultural center in the Mishkinsky District, the major repairs of the cinema in the village of Verkhneyarkeyevo in the Ilishevsky District, the construction of a multifunctional rural House of Culture in the village of Karayar in the Karaidelsky District and many other projects.

    Reference:

    ANK Bashneft is one of the oldest enterprises in the country’s oil and gas industry, operating in the extraction and processing of oil and gas. The company’s key assets are located in the Republic of Bashkortostan. Oil and gas exploration and production are also carried out in the Khanty-Mansiysk Autonomous Okrug – Yugra, Nenets Autonomous Okrug, Orenburg Region, Perm Krai and the Republic of Tatarstan.

    Department of Information and Advertising of PJSC NK Rosneft March 6, 2025

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Rosneft creates robots for diagnostics of petrochemical equipment

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    Specialists from the Volgograd Scientific Institute of the Company have developed a new high-precision robotic complex that determines the vertical position of the internal devices of reactor equipment. The complex has been successfully tested at enterprises of the petrochemical industry of the Russian Federation.

    The oil refining process, which takes place at high temperatures, requires high qualifications and careful organization of work. One of the requirements is strict verticality of the equipment, the height of which reaches several tens of meters, while the permissible deviation from the norm is no more than 10 mm for every 15 meters. The slope of the screen significantly affects the distribution of the load, the efficiency of work and the stability of the process. Errors during installation can lead to local overheating, equipment failure, and the loss of an expensive catalyst.

    The invention of Rosneft scientists significantly improves the quality of work and minimizes the likelihood of errors due to the automation of routine tasks. The new robot, receiving data on the deviation of internal devices from the vertical, informs in which direction their position needs to be adjusted. In addition, robotic diagnostics on average reduces the downtime of process equipment by half and minimizes the risks to human life and health.

    Department of Information and Advertising of PJSC NK Rosneft March 6, 2025

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

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: New study shows MHRA collaboration with hospital DNA sequencing service cuts time to diagnose infections

    Source: United Kingdom – Executive Government & Departments

    Press release

    New study shows MHRA collaboration with hospital DNA sequencing service cuts time to diagnose infections

    In a UK-first, the Medicines and Healthcare products Regulatory Agency (MHRA) and Barts Health NHS Trust have developed a DNA sequencing approach that can be implemented onsite in hospitals so they can diagnose bacterial infections faster and more accurately.

    This service will help doctors deliver better-targeted treatments earlier. For patients, this means a quicker recovery, fewer complications such as sepsis, and a reduced risk of spreading infections to others.

    This technology is now being piloted to investigate and prevent hospital outbreaks caused by antibiotic-resistant ‘superbugs’ — a growing global threat.

    The new approach, published today (6 March) in Frontiers in Cellular and Infection Microbiology, confirms that the DNA sequencing method can reliably detect which bacteria are causing an infection and which antibiotics will work best to treat it. The approach delivers results within two days, significantly faster than traditional methods which can take approximately seven days and, in some difficult cases, up to eight weeks.

    Since September 2024, over 2000 patient samples have been analysed using the approach across seven London hospitals, including the Royal London, Whipps Cross, Newham, St Bartholomew’s, Homerton, Lewisham, and Greenwich.

    The goal is to make rapid DNA sequencing a routine part of hospital diagnostics across the NHS, bringing faster, more accurate infection testing to patients nationwide.

    Health Minister Ashley Dalton said:

    “This collaboration between the MHRA and the NHS shows British innovation at its best.

    “This groundbreaking use of the technology in hospitals will cut diagnosis times down from weeks to just two days enabling doctors to provide the right treatment faster and saving lives, while also fighting the growing threat of antimicrobial resistance.

    “As we move from analogue to digital, we are delivering practical solutions for our NHS which will improve patient care and help our frontline staff work more effectively.”

    Central to the success of this new service run by Barts Health is the MHRA’s work in developing reference materials – carefully controlled samples, recognised by the World Health Organization – that ensures patients receive consistent, trustworthy diagnoses. The MHRA is now working to standardise the technology, paving the way for wider NHS adoption. This could mean more hospitals can benefit from rapid, accurate bacterial infection diagnostics and prevent unnecessary broad-spectrum antibiotic use.

    Dr Chrysi Sergaki, Head of Microbiome at the MHRA, said:

    “The pilot has demonstrated that this new technology is already making a real difference to patients’ lives. When someone comes into hospital with a serious infection, every hour counts. Instead of waiting days or even weeks to identify exactly what’s causing their infection, hospitals can now get answers within 48 hours. This means doctors can start the right treatment sooner, helping patients recover faster and get back home to their families.

    “At the MHRA, our role is to develop and provide reference materials that ensure hospitals using this technology can produce consistent, reliable and accurate results they can trust in a service such as this.

    “We are building on this work, developing reference materials to help detect antibiotic-resistant bacteria, which will be crucial in the fight against superbugs.”

    Ian Butler, Lead Clinical Scientist in Medical Microbiology at Barts Health NHS Trust, said:

    “This is the first comprehensive clinical validation study of its kind in the UK — and one of the first globally — to test DNA sequencing with this new technology for diagnosing a wide range of infections.

    “By analysing bacterial genetic material directly, we can detect infections more accurately, even complex infections, and much faster than traditional methods. This means we can precisely diagnose the infection and identify the right treatment sooner — especially for critically ill patients.

    “This technology also holds promise for combating antibiotic resistance and managing hospital outbreaks in future applications. Here, the technology is already proving its worth: in November 2024 a pilot study using this technology helped investigate a drug-resistant E. coli outbreak at Newham Hospital affecting 58 patients. By identifying how resistance spread between bacterial species, the team was able to act quickly and prevent further transmission, as well as improve patient care.”

    Antimicrobial resistance has become a serious global threat, causing at least one million deaths every year since 1990. Without urgent action, the Global Research on Antimicrobial Resistance (GRAM) Project predicts that drug-resistant infections could claim more than 39 million lives between now and 2050.

    To speed up the accurate detection of pathogens and quickly identifying those that are resistant to antimicrobial medicines, the focus is now on optimising and standardising this new DNA sequencing hospital service so it can be replicated elsewhere.

    Notes to editors 

    1. Publication: Ian Butler et al. (2025) ‘Standardization of 16S rRNA Gene Sequencing using Nanopore Long Read Sequencing Technology for Clinical Diagnosis of Culture Negative Infections’ Frontiers in Cellular and Infection Microbiology https://www.frontiersin.org/journals/cellular-and-infection-microbiology/articles/10.3389/fcimb.2025.1517208/full
    2. Traditional diagnostic methods usually take around seven days from sample collection to identify bacterial infections. However, for certain infections, such as tuberculosis, a definitive diagnosis can take up to eight weeks. These wait times can delay treatment and infection control efforts.
    3. DNA sequencing is a technique that reads the genetic code (DNA) of bacteria, similar to reading the instruction manual that tells bacteria how to function. This allows scientists to precisely identify which type of bacteria is present and which antibiotics it might be resistant to, helping doctors choose the most effective treatment.
    4. The Medicines and Healthcare products Regulatory Agency (MHRA) is responsible for regulating all medicines and medical devices in the UK by ensuring they work and are acceptably safe. The MHRA is also a designated WHO Collaborating Centre for Biological Standardisation and plays a key role in the development and distribution of international reference reagents to ensure global standards in diagnostic testing.
    5. The MHRA has a key role in the fight against antimicrobial resistance. We rigorously use our science and data capabilities to enable innovation in new diagnostic approaches and also are working with innovators and stakeholders to identify approaches to accelerate patient access to novel anti-microbial products.
    6. The MHRA is an executive agency of the Department of Health and Social Care. 
    7. For media enquiries, please contact the newscentre@mhra.gov.uk, or call on 020 3080 7651. 

    Updates to this page

    Published 6 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI China: China achieves world’s first application of hydrogen energy technology in Antarctica

    Source: China State Council Information Office 2

    China’s independently developed hydrogen fuel cell has successfully generated electricity at the country’s Qinling Station in Antarctica, marking the first ever application of hydrogen energy technology in the polar region, China Science Daily reported on Wednesday.
    The fuel cell, developed by a hydrogen energy technology enterprise under the State Power Investment Corporation, serves as a core component of the station’s microgrid system. The system is equipped with a hydrogen storage tank that boasts a maximum capacity of 50 cubic meters. When operating independently, the fuel cell can deliver continuous power to the station for up to 24 days, with a maximum output of 30 kilowatts.
    Designed for modular scalability, the fuel cell system covers a power range from 50 kilowatts to tens of megawatts. It can achieve a power generation efficiency of 50 percent and a combined heat and power efficiency of over 90 percent, boasting a design lifespan of 40,000 hours.
    Compared to traditional fossil fuel-based power generation, this hydrogen fuel cell saves approximately 400 grams of standard coal and reduces carbon dioxide emissions by about 1 kilogram for every kilowatt-hour of electricity produced.
    During periods of favorable wind and solar conditions, excess electricity generated by the wind and solar power systems is used to produce hydrogen, which is stored for later use. When wind and solar power generation is insufficient, the stored hydrogen is converted back into electricity and heat through the fuel cell, ensuring a stable and sustainable energy supply.
    The successful application in Antarctica validates the reliability of hydrogen fuel cell technology in extreme low-temperature environments, addressing a critical gap in the use of hydrogen energy in polar energy systems. It also establishes a benchmark for the construction of energy systems and microgrids in other harsh, low-temperature environments.

    MIL OSI China News –

  • MIL-OSI Economics: Malaysia card payments market to surpass $90 billion in 2025 driven by digital shift, forecasts GlobalData

    Source: GlobalData

    Malaysia card payments market to surpass $90 billion in 2025 driven by digital shift, forecasts GlobalData

    Posted in Banking

    The card payment market in Malaysia is poised for strong growth, projected to reach MYR422.4 billion ($92.6 billion) in 2025, driven by increasing consumer spending and the growing shift towards digital payments. This growth is supported by government initiatives, expanding POS infrastructure, and rising consumer adoption of contactless and credit card payments, positioning the market for continued upward momentum, reveals GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Malaysia Cards and Payments – Opportunities and Risks to 2028,” reveals that card payment value in Malaysia registered a growth of 14.1% in 2023, driven by the rise in consumer spending. The value grew further to register an estimated growth of 10.2% in 2024 to reach MYR387 billion ($84.8 billion).

    Shivani Gupta, Senior Banking and Payments Analyst at GlobalData, comments: “The Malaysian payments market remains reliant on cash but has high-growth potential as it shifts toward digital payments. Government initiatives such as the introduction of an interchange fee cap on payment cards, the growing adoption of contactless payments, and the development of POS infrastructure, have all contributed to the adoption of payment cards in the country.

    “In addition, the availability of low-cost basic financial and banking services as well as banks expanding their reach via agent banking networks and digital banking channels have all contributed to the shift towards non-cash payment methods.”

    Growing POS terminalization is contributing towards the rise of cards payments in Malaysia. The number of POS terminals per million inhabitants in Malaysia stands at 27,036 in 2024, which is higher compared to its peers such as Thailand (13,507), Indonesia (8,142) and India (6,964), though there is significant room for further expansion of POS infrastructure.

    Among the card types, credit and charge cards accounted for 59.6% share of the overall card payment value in 2024. Malaysians are increasingly opting for credit and charge cards when making payments, with the frequency of payments per card standing at 83.2 times in 2024, compared to 40.9 times for debit cards. This growth can be attributed to the country’s developing payment infrastructure, growing consumer awareness, expanding merchant acceptance, and the added benefits associated with credit and charge cards.

    Debit cards, on the other hand, account for the remaining 40.4% share. Although debit cards are traditionally preferred for cash withdrawals, they are now increasingly being used for payments as well – especially low-to-medium value transactions. This has been driven by the rising consumer awareness, and banks offering contactless debit cards.

    Contactless card payment is also gaining prominence in Malaysia and is being widely used, as consumers favor contactless cards for low value day to day transactions. Backing from banks and financial institutions has made contactless the prevalent payment method in Malaysia, which is accepted by most retailers.

    According to GlobalData’s 2024 Financial Services Consumer Survey*, over 63% of the respondents in Malaysia indicated having access to a contactless card and used it for payments.

    The increasing use of contactless payments for public transport payments is also contributing to the growth of card payments. For example, in March 2024, the highway operator PLUS Malaysia introduced contactless credit and debit card payment capabilities at the toll plaza on the Penang Bridge. Commuters can simply tap their cards on the MyDebit-Visa-Mastercard device to complete toll payments, with the toll fee deducted directly from their card balance. These advancements indicate a growing trend towards the normalization of cashless and contactless payment methods in Malaysia.

    Gupta concludes: “The Malaysian card payments market is expected to continue its upward growth trajectory, supported by the government initiatives, rising consumer preference for digital payments, and improving card acceptance infrastructure. Subsequently, the card payments value is anticipated to grow at a compound annual growth rate of 7.7% between 2025 and 2029 to reach MYR569.4 billion ($124.8 billion) in 2029.”

    *GlobalData’s 2024 Financial Services Consumer Survey was carried out in Q2 2024. Approximately 67,292 respondents aged 18+ were surveyed across 41 countries.

    MIL OSI Economics –

  • MIL-OSI Africa: US trade wars with China – and how they play out in Africa

    Source: The Conversation – Africa – By Lauren Johnston, Associate Professor, China Studies Centre, University of Sydney

    Since taking office, US president Donald Trump has implemented policies that have been notably hostile towards China. They include trade restrictions. Most recently, a 20% tariff was added to all imports from China and new technological restrictions were imposed under the America First Investment Policy. This isn’t the first time US-China tensions have flared. Throughout history the relationship has been fraught by economic, military and ideological conflicts.

    China-Africa scholar and economist Lauren Johnston provides insights into how these dynamics may also shape relations between Africa and China.

    How has China responded to hostile US policies?

    First, China tends to have a defiant official response. It expresses disappointment, then states that the US policy position is not helpful to any country or the world economy.

    Second, China makes moves domestically to prioritise the interests of key, affected industries.

    Third, China will sometimes impose retaliatory sanctions.

    In 2018, for instance, China imposed a 25% tariff on US soybeans, a critical animal feed source. The US Department of Agriculture had to compensate US soybean farmers for their lost income.

    Another example is how, following US tech sanctions, China took a more independent technology path. It has channelled billions into tech funds. The goal is to make financing available for Chinese entrepreneurs and to push technological boundaries in areas of US sanction, such as semiconductors. These efforts are backed up by subsidies and tax reductions. In some cases, the Chinese state will invest directly in tech companies.

    More recently, China retaliated to the US trade war by announcing tariffs on 80 US products. China is set to place 15% tariffs on certain energy exports, including coal, natural gas and petroleum. An additional 10% tariffs will be placed on 72 manufactured products including trucks, motor homes and agricultural machinery.

    Agricultural trade has been hard hit. The day the US announced a 10% tariff on Chinese imports, China announced “an additional 15% tariff on imported chicken, wheat, corn and cotton originating from the US”. Also, “sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables and dairy products will be subject to an additional 10% tariff”.

    How have these Chinese responses affected Africa?

    We can’t say for certain that China’s response to US trade tensions has explicitly affected its Africa policy, but there are some notable coincidences.

    Less than one month after Trump’s return to the White House in 2025, and soon after the first tariffs were slapped on China’s exports to the US, China announced new measures to foster China-Africa trade efforts. The policy package aims to “strengthen economic and trade exchanges between China and Africa.”

    This is the latest in a series of Chinese actions.

    In January 2018 trade hostilities began to escalate after Trump imposed a first round of tariffs on all imported washing machines and solar panels. These had an impact on China’s exports to the US.

    Later the same year, China imposed 25% tariffs on US soy bean imports and took steps to reduce dependence on US agricultural products. China also took steps to expand trade with Africa, agricultural trade in particular.

    In September 2018, Beijing hosted the Forum on China and Africa Cooperation summit, a triennial head of state gathering. It was announced that China would set up a China-Africa trade expo and foster deeper agricultural cooperation. In the days after the summit, China’s Ministry of Agriculture and Rural Affairs was already acting on this. A gathering of African agricultural ministers took place in Changsha, Hunan province.

    Hunan province has since taken centre stage in China-Africa relations. It’s now the host of a permanent China-Africa trade exhibition hall and a larger biennial China-Africa economic and trade exhibition (known as CAETE).

    Hunan also hosts the pilot zone for In-Depth China-Africa Economic and Trade Cooperation. The zone has numerous initiatives designed to overcome obstacles to China-Africa trade and investment, like support in areas of law, technology and currency, and vocational training.

    Finally, the zone is located in a bigger free-trade zone that is better connected to Africa by air, water and land corridors. African agricultural exports to China pass through Hunan, where local industry either uses these imports or distributes them across the country to retailers.

    Companies in Hunan are well placed to play a key role in supporting China-Africa trade, capitalising on the opportunities left by China-US hostilities.

    Hunan’s agritech giant Longping High-Tech, for instance, is investing in Tanzanian soybean farmers.

    Hunan is also home to China’s construction manufacturing and electronic transportation frontier. This includes global construction giant Sany, which produces heavy industry machinery for the construction, mining and energy sectors. China’s global electronic vehicle manufacturing BYD and its electronic railway industry are also in Hunan. They have deep and increasing interests in Africa and can also support China’s key minerals and tech race with the US.

    As US-China hostility enters a new era, what are the implications for China-Africa relations?

    As my new working paper sets out, African countries are, for example, responding to the new opportunities from China.

    At the end of 2024, while the world waited for Trump’s second coming, various African countries made moves to strengthen economic ties with China, Hunan province especially.

    In December 2024, Tanzania became the first African country to open an official investment promotion office in the China-Africa Cooperation Pilot Zone in Changaha.

    In November 2024, both the China-Africa Economic and Trade Expo in Africa and the China Engineering Technology Exhibition were held in Abuja, Nigeria. Equivalent events were hosted in Kenya.

    Early in 2025 in Niamey, Niger, a joint pilot cooperation zone was inaugurated , and which is direct partner of the China-Africa Pilot zone in Hunan.

    As China moves away from US agricultural produce, for instance, African agricultural producers can benefit. Substitute African products and potential exports will enjoy a price boost, and elevated Chinese support.

    China’s newly elevated interest in African development and market potential will bring major prospects. The question will be whether African countries are ready to grasp them, and to use that potential to foster an independent development path of their own.

    – US trade wars with China – and how they play out in Africa
    – https://theconversation.com/us-trade-wars-with-china-and-how-they-play-out-in-africa-249609

    MIL OSI Africa –

  • MIL-OSI Russia: Polytechnic University and the Institute of the Human Brain Signed a Cooperation Agreement

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    On March 5, the Peter the Great St. Petersburg Polytechnic University was visited by the director of the N. P. Bekhtereva Institute of the Human Brain of the Russian Academy of Sciences (IHBR RAS), Doctor of Medical Sciences, Professor Mikhail Didur.

    At a meeting with the rector of SPbPU, academician of the Russian Academy of Sciences Andrey Rudskoy, an agreement on cooperation between the two organizations was solemnly signed, aimed at interaction in scientific research and educational activities. On the part of SPbPU, cooperation will be carried out on the basis of the Institute of Biomedical Systems and Biotechnology (IBSiB).

    The agreement provides for the organization of joint scientific research and development in such areas of science as the study of the structure and mechanisms of brain functioning in normal and pathological conditions, nuclear medicine and the development of radiopharmaceuticals, and targeted drug delivery.

    An important aspect of the interaction between SPbPU and the IMC RAS is the training of highly qualified personnel in the field of biomedicine and bioengineering, including the organization of scientific internships for students and postgraduates of the IMC RAS in the laboratories of the IMC RAS.

    The Institute of the Human Brain was created to develop the world-famous scientific works of the outstanding Russian scientist, Academician Natalia Petrovna Bekhtereva. The uniqueness of the work of the IMC RAS lies in the conduct of comprehensive fundamental studies of the organization of the human brain and its higher mental functions, as well as the presence of a clinic equipped with the latest technology, on the basis of which high-tech medical care is provided to patients. The Polytechnic also conducts scientific research in the field of neurosciences aimed at studying the mechanisms of development of neurodegenerative diseases. I am confident that joint research will allow us to achieve new fundamental and applied scientific results, – noted Andrey Rudskoy.

    Mikhail Didur emphasized that the conclusion of such an agreement is a systematic continuation of the work of the founder of the Human Brain Institute, Natalia Bekhtereva, who, throughout all the years of her active scientific work, developed interdisciplinary research, involving employees of the physical, technical fields, mathematicians and chemists in the work.

    Following the vector set by Natalya Petrovna, we believe that interaction with such a powerful university as the Polytechnic University can become as productive as possible for science in the Leningrad Region. We also set ourselves the task of developing this cooperation as much as possible. Three areas are a priority: joint scientific work, creation of an educational base and platform for university graduates, training of personnel to work on modern high-tech and rather rare equipment. I think that our scientists will be able to complement each other and educate excellent young specialists. This, of course, is the main task of such cooperation between educational and scientific institutions, – concluded Mikhail Dmitrievich.

    Strengthening ties with scientific organizations of St. Petersburg is very important for the development of our institute. This not only gives us new opportunities to conduct scientific research and development, but also allows our students to undergo scientific internships and complete their diploma theses at leading Russian scientific centers, such as the Institute of Biological and Biological Problems of the Russian Academy of Sciences, commented Director of the Institute of Biological and Biological Problems Andrey Vasin.

    The Bekhtereva Institute of the Human Brain of the Russian Academy of Sciences is one of the leading Russian scientific organizations that conduct fundamental research into the organization of the human brain and its complex mental functions. The Institute’s tasks also include optimization of diagnostics and search for methods of treating brain diseases. The Institute was created as an institution focused on studying the human brain, the mechanisms that ensure the performance of higher mental functions, their “breakdowns” that lead to the development of pathologies, and the creation of high-tech diagnostic and therapeutic methods on this basis. The main component of the Institute’s success is its team, which continues to develop the ideas of the Bekhtereva school, develop new research areas and improve treatment methods, as well as being equipped with the latest research and medical equipment.

    Photo archive

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

    MIL OSI Russia News –

  • MIL-OSI Australia: Affinity Intercultural Foundation NSW Parliamentary Iftar

    Source: Australian Human Rights Commission

    It is really special to be here tonight supporting the important work of the Affinity Intercultural Foundation and the wonderful Ahmet Polat.

    Thank you to Minister Steve Kamper and Shadow Minister Mark Coure for co-hosting this dinner and for the bipartisan support behind it and the support of all parties present.

    Good evening to all MPs and community leaders.

    A couple of weeks ago the ASIO Director General, Mike Burgess, in his annual threat assessment, painted this concerning picture:

    Many of the foundations that have underpinned Australia’s security, prosperity and democracy are being tested: social cohesion is eroding, trust in institutions is declining, intolerance is growing, even truth itself is being undermined by conspiracy, mis- and disinformation.

    I agree with him and tonight, I want to talk about what human rights has to say and do on some of these big issues.

    We are of course meeting on Aboriginal land.

    I acknowledge Gadigal Elders and Ancestors and the Gadigal people’s ongoing culture and connection to country. I acknowledge their Eora Nation neighbours and all First Nations people present.

    I spent two years working at the Yoorrook Justice Commission, the first truth telling inquiry looking at historical and ongoing injustice against First Nations people in Victoria.

    It was a privilege for me, a non-Aboriginal person, to do this work. It profoundly changed the way I look at the world.

    The truth telling work Yoorrook is doing, alongside the treaty work of the elected First Peoples Assembly, is changing Victoria for the better.

    Victoria is engaging with First Nations people as equals to build a better understanding of our shared history and to negotiate how we can create a better future together.

    A future where First Nations people have control over the issues that affect their lives.

    Where First Nations families have access to quality education, housing and healthcare.

    Where First Nations communities are prosperous, where country is healthy and where culture and language is thriving.

    The work at Yoorrook also gave me a better understanding of the successes and failures of the modern human rights movement and the role it has played in the struggle for equality.

    The modern human rights movement emerged out of the horrors of World War 2. The international community came together and said, “Never Again”.

    In a remarkable period of innovation between 1945 and 1951, a new framework of international law and institutions was established to promote global peace, development and prosperity.

    The UN Charter, the Nuremberg trials, the Genocide Convention, the Geneva Conventions, the Refugee Convention and most of all, the Universal Declaration of Human Rights.

    Australia was closely involved in the Universal Declaration. An Australian, William Hodgson, was one of just nine people on the drafting committee led by the extraordinary Eleanor Roosevelt.

    Out of the nadir of mass slaughter and human suffering, these drafters created a document that should rightly be celebrated as one of the pinnacles of human achievement.

    Australia’s Foreign Minister, Doc Evatt, strongly supported the Declaration and was President of the UN General Assembly when it was adopted.

    The Declaration is said to be the most translated document in human history.

    It lists 30 rights that are essential for all of us to live a decent dignified life, no matter who we are or where we are.

    The right to be safe, to vote, to stand for elections, to peacefully assemble and protest, to an education and to an adequate standard of living including food, health and housing and more.

    These rights are the key to a good life for all.

    The blueprint for the kind of society we all want to live in.

    They reflect values like equality, freedom, respect, dignity, kindness, thinking of others and looking out for each other.

    In this way they are similar to the golden rule running through most of the world’s religions – treat others as you would want to be treated.

    When human rights are respected, our lives are better and our communities are stronger, healthier, safer and more prosperous.

    How is this relevant today and what’s it got to do with the rising intolerance we are seeing?

    The first article of the UN Declaration proclaims that all human beings are born free and equal in dignity and rights.

    These simple words say to every one of us, no matter who you are, or where you are – you have value, you matter and you deserve dignity – because of the mere fact that you are human.

    The words are grounded in our common humanity.

    Regardless of our differences, we all are human.

    No us and them.

    We all bleed the same. We all love. We all suffer. We all experience hope, sadness, wonder and joy.

    Alongside the human rights treaties that followed it, the Declaration has played a key role in smashing ideas that some humans are worth less than others – a corrosive prejudice that gave rise to slavery, colonisation, eugenics, genocide and more.

    The words born free and equal may seem unremarkable today. And this fact speaks to one of the great successes of human rights.

    The Declaration and the treaties that followed it sparked huge changes in equality and inclusion for people and communities. Racial equality. Religious equality. Gender equality. Equality for gay, lesbian, bisexual, trans and intersex people.

    Of course big challenges remain on all these fronts.

    On racism, we have made great progress in the past six decades, dismantling the White Australia policy, passing the Racial Discrimination Act, welcoming millions of migrants from around the world and building strong and consistent support for multiculturalism.

    But progress is fragile and cannot be taken for granted.

    Racism has been rising in recent years.

    First Nations communities have seen a spike in the volume and hostility of racism during and after the Voice referendum.

    The racial inequality affecting their families and communities is highlighted by the lack of progress on so many of the Closing the Gap targets including child removal and imprisonment.

    And since 7 October 2023, underlying and persistent prejudice against Jewish, Muslim, Arab and Palestinian communities in Australia has intensified and is having a profound impact on so many.

    The repeated antisemitic arson attacks and the discovery of a caravan filled with explosives highlight the gravity of the threats to the Jewish community.

    And for Muslim communities, we have seen the recent assault of two Muslim women in a Melbourne shopping centre and a violent online threat made this week against a Sydney mosque referencing the 2019 Christchurch mass shooting that claimed 51 lives.

    As Special Envoy Aftab Malik has said, Islamophobia is endemic, normalised and underacknowledged in Australia.

    Racism creates stigma, shame and fear.

    It dehumanises people and makes them shed their culture and identity in public life.

    It denies people full participation in life and harms health and wellbeing.

    It corrodes our society and left unchecked leads to violence.

    So how do we respond?

    Late last year the Australian Human Rights Commission launched our national anti-racism framework that outlines a comprehensive, whole of society approach for eliminating racism in Australia.

    The framework has 63 recommendations ranging from education, to law reform, to greater diversity in media and tackling mis and disinformation.

    We hope that governments, business and civil society get behind the framework.

    I want to end by going back to the beginning and talking about erosion of the foundations of Australia’s security, prosperity and democracy.

    The values at the heart of Australia’s successful liberal democracy are human rights values.

    Our citizenship booklet, which seeks to define what is to be Australian, talks about our shared values such as the dignity and freedom of each person, equal opportunity and freedom of speech, freedom of religion and freedom of association.

    These values unite us.

    Living these values is not about picking the suffering that bothers you most.

    It is not about selectively applying human rights standards.

    To address rising intolerance and prejudice we need leaders like the people gathered in this room to stand up, to stand together to uphold the commitment to human rights which is at the heart of the Universal Declaration.

    Ramadan is a time for reflection, for caring for those less fortunate and for spiritual renewal.

    Events like tonight’s Iftar and the work of Affinity show us the way forward.

    Coming together to listen and engage in dialogue so that we can collectively forge a pathway forward towards peace and respect for each other, grounded in our human rights and common humanity.

    Ramadan Mubarak.

    MIL OSI News –

  • MIL-OSI: Upside Funding: Ex-Citigroup MDs Launch Prop Firm with Direct Mentorship & $350K Trading Careers

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, March 06, 2025 (GLOBE NEWSWIRE) — Upside Funding, a newly launched proprietary trading firm, is redefining the industry with a capital-backed, mentorship-driven model. Founded by two former Citigroup Managing Directors with over 60 years of combined trading experience, the firm is introducing a mentorship-driven funding model designed to develop traders and offer full-time employment opportunities with salaries of up to $350,000 per year.

    Bringing Institutional Expertise to Prop Trading
    Upside Funding was founded in 2024 with a clear mission—to provide traders access to real capital, direct mentorship, and long-term career opportunities. Unlike traditional prop firms, where traders are often left on their own after securing funding, Upside Funding integrates hands-on coaching from industry veterans.

    “After decades in institutional trading, we realized the biggest gap in proprietary trading wasn’t just capital—it was guidance,” said Charles, Co-Founder & CEO of Upside Funding. “Most firms hand traders money and leave them to figure it out on their own. We do things differently. We mentor them, help them scale their capital, and even provide a path to a full-time salaried role.”

    1:1 CEO Mentorship for Funded Traders
    Every funded trader at Upside Funding gains direct access to the firm’s leadership, including one-on-one coaching from the CEO and senior mentors. This hands-on approach ensures traders receive:

    • 1:1 Coaching with the firm’s CEO and experienced mentors
    • Performance reviews and personalized trading strategy guidance
    • Ongoing support to help traders scale their capital up to $1.5M

    This approach focuses on more than capital allocation, emphasizing the discipline and strategy needed to grow their accounts profitably.

    Full-Time Trader Role: Salaries Up to $350K
    Top-performing traders may qualify for Upside Funding’s full-time Remote Trader Program, earning salaries of up to $350,000 per year while trading firm capital. This Remote Trader Program is an exclusive opportunity for those who demonstrate consistent profitability and risk management.

    “We’re not just funding traders; we’re building careers,” said James, Co-Founder & Head of Trader Management at Upside Funding. “If a trader proves they have what it takes, we give them stability, growth, and a real shot at financial independence.”

    Getting Funded
    Traders looking to join Upside Funding can apply through a two-step evaluation process that tests profitability and risk management skills. Those who pass receive:

    • Real capital starting at up to $300,000
    • A 90% profit split
    • Scaling potential up to $1.5 million
    • Access to direct mentorship and trader development programs

    For more information, users can visit Upside Funding’s website.

    About Upside Funding
    Upside Funding Limited is a proprietary trading firm headquartered in Hong Kong. Founded in 2024 by two former Citigroup Managing Directors, the firm provides traders with real capital, institutional-level mentorship, and career opportunities in proprietary trading.

    Contact

    Co-Founder & Head of Trader Management
    James
    The Upside Funding
    james@theupsidefunding.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5b98ef99-845d-4e83-8922-ba08ffc86d78

    The MIL Network –

  • MIL-OSI Economics: Charting a Path to a Future Powered by Carbon-Free Energy Technologies Gyeongju, Republic of Korea | 05 March 2025 APEC Energy Working Group APEC economies addressed the urgent need for a transformative approach to clean electricity generation.

    Source: APEC – Asia Pacific Economic Cooperation

    In response to escalating energy demands and persistent reliance on fossil fuels, APEC economies addressed the urgent need for a transformative approach to clean electricity generation.

    In a policy dialogue held in Gyeongju, Korea, last week, policymakers, researchers and industry experts explored how a diversified mix of carbon-free energy technologies could mitigate environmental risks and bolster regional energy resilience.

    Carbon-free energy (CFE) technologies refer to a suite of technologies that generate electricity with zero or minimal carbon emissions. These include nuclear power, hydrogen and ammonia fuels, carbon capture and storage, and advanced energy storage systems. For Korea and other APEC economies, CFE is critical not only for reducing greenhouse gas emissions but also for ensuring a stable and dispatchable power supply amid growing electricity demand.

    “APEC’s collective energy challenges call for a unified and forward-looking strategy. By embracing a diverse range of carbon-free energy technologies, we can reduce carbon dioxide emissions and secure a reliable, resilient power supply that supports sustainable economic growth,” said Weiguo Shan, lead shepherd of the APEC Energy Working Group.

    “This dialogue underscores our commitment to developing pragmatic, data-driven policies that benefit all member economies and set a clear path for a cleaner, more secure energy future.”

    Data presented by Dr Kazutomo Irie of the Asia Pacific Energy Research Centre highlighted both progress and persistent challenges in reducing carbon dioxide emission in the region. Between 2010 and 2022, APEC economies increased the share of modern renewables in final energy consumption by 75.6 percent and in power generation by 63.4 percent. Despite these gains, carbon dioxide emissions from power generation continued to rise, as carbon-emitting sources produced nearly twice as much electricity in 2022 compared to carbon-free sources, underscoring the need for a broader mix of low-carbon, dispatchable technologies.

    “While there are multiple pathways to contribute to reduce global greenhouse gas emissions, enhancing clean electricity within the energy sector remains a central priority,” said Eekno Jo, Director General for Energy Policy of Korea’s Ministry of Trade, Industry, and Energy in his opening remarks at the dialogue. “To accelerate these energy transitions, we need to continue our endeavour to deploy and scale up carbon-free energy technologies,”

    During the dialogue, participants examined the technical and economic challenges of integrating CFE technologies. Discussions centered on the lower capacity factors of wind and solar power relative to dispatchable generators and the implications for grid reliability. Experts debated financing mechanisms and policy measures necessary to scale up these technologies, stressing that a balanced energy mix is essential to meet peak demand and ensure stable supply.

    “Expanding clean electricity is essential to ensure stable and reliable power supply and to achieve carbon neutrality targets,” added Dr Sunghee Shim, Vice President of the Korea Energy Economics Institute.

    “In order to achieve this, we must go beyond simply increasing renewable energy sources by incorporating various carbon-free energy technologies. We can enhance flexibility and stability in the power supply while playing a complementary role in the overall energy mix.”

    The policy dialogue marked a significant milestone in APEC’s efforts to reduce greenhouse gas emissions and enhance energy security. By integrating robust data analysis with targeted policy discussions, the workshop provided a clear roadmap for expanding clean, dispatchable electricity—a vital step for achieving carbon neutrality and long-term energy resilience in the region.

    For further details and media inquiries, please contact:  
    [email protected] 
    [email protected]

     

    MIL OSI Economics –

  • MIL-OSI Global: US trade wars with China – and how they play out in Africa

    Source: The Conversation – Africa – By Lauren Johnston, Associate Professor, China Studies Centre, University of Sydney

    Since taking office, US president Donald Trump has implemented policies that have been notably hostile towards China. They include trade restrictions. Most recently, a 20% tariff was added to all imports from China and new technological restrictions were imposed under the America First Investment Policy. This isn’t the first time US-China tensions have flared. Throughout history the relationship has been fraught by economic, military and ideological conflicts.

    China-Africa scholar and economist Lauren Johnston provides insights into how these dynamics may also shape relations between Africa and China.

    How has China responded to hostile US policies?

    First, China tends to have a defiant official response. It expresses disappointment, then states that the US policy position is not helpful to any country or the world economy.

    Second, China makes moves domestically to prioritise the interests of key, affected industries.

    Third, China will sometimes impose retaliatory sanctions.

    In 2018, for instance, China imposed a 25% tariff on US soybeans, a critical animal feed source. The US Department of Agriculture had to compensate US soybean farmers for their lost income.

    Another example is how, following US tech sanctions, China took a more independent technology path. It has channelled billions into tech funds. The goal is to make financing available for Chinese entrepreneurs and to push technological boundaries in areas of US sanction, such as semiconductors. These efforts are backed up by subsidies and tax reductions. In some cases, the Chinese state will invest directly in tech companies.

    More recently, China retaliated to the US trade war by
    announcing tariffs on 80 US products. China is set to place 15% tariffs on certain energy exports, including coal, natural gas and petroleum. An additional 10% tariffs will be placed on 72 manufactured products including trucks, motor homes and agricultural machinery.

    Agricultural trade has been hard hit. The day the US announced a 10% tariff on Chinese imports, China announced “an additional 15% tariff on imported chicken, wheat, corn and cotton originating from the US”. Also, “sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables and dairy products will be subject to an additional 10% tariff”.

    How have these Chinese responses affected Africa?

    We can’t say for certain that China’s response to US trade tensions has explicitly affected its Africa policy, but there are some notable coincidences.

    Less than one month after Trump’s return to the White House in 2025, and soon after the first tariffs were slapped on China’s exports to the US, China announced new measures to foster China-Africa trade efforts. The policy package aims to “strengthen economic and trade exchanges between China and Africa.”

    This is the latest in a series of Chinese actions.

    In January 2018 trade hostilities began to escalate after Trump imposed a first round of tariffs on all imported washing machines and solar panels. These had an impact on China’s exports to the US.

    Later the same year, China imposed 25% tariffs on US soy bean imports and took steps to reduce dependence on US agricultural products. China also took steps to expand trade with Africa, agricultural trade in particular.

    In September 2018, Beijing hosted the Forum on China and Africa Cooperation summit, a triennial head of state gathering. It was announced that China would set up a China-Africa trade expo and foster deeper agricultural cooperation. In the days after the summit, China’s Ministry of Agriculture and Rural Affairs was already acting on this. A gathering of African agricultural ministers took place in Changsha, Hunan province.

    Hunan province has since taken centre stage in China-Africa relations. It’s now the host of a permanent China-Africa trade exhibition hall and a larger biennial China-Africa economic and trade exhibition (known as CAETE).

    Hunan also hosts the pilot zone for In-Depth China-Africa Economic and Trade Cooperation. The zone has numerous initiatives designed to overcome obstacles to China-Africa trade and investment, like support in areas of law, technology and currency, and vocational training.

    Finally, the zone is located in a bigger free-trade zone that is better connected to Africa by air, water and land corridors. African agricultural exports to China pass through Hunan, where local industry either uses these imports or distributes them across the country to retailers.

    Companies in Hunan are well placed to play a key role in supporting China-Africa trade, capitalising on the opportunities left by China-US hostilities.

    Hunan’s agritech giant Longping High-Tech, for instance, is investing in Tanzanian soybean farmers.

    Hunan is also home to China’s construction manufacturing and electronic transportation frontier. This includes global construction giant Sany, which produces heavy industry machinery for the construction, mining and energy sectors. China’s global electronic vehicle manufacturing BYD and its electronic railway industry are also in Hunan. They have deep and increasing interests in Africa and can also support China’s key minerals and tech race with the US.

    As US-China hostility enters a new era, what are the implications for China-Africa relations?

    As my new working paper sets out, African countries are, for example, responding to the new opportunities from China.

    At the end of 2024, while the world waited for Trump’s second coming, various African countries made moves to strengthen economic ties with China, Hunan province especially.

    In December 2024, Tanzania became the first African country to open an official investment promotion office in the China-Africa Cooperation Pilot Zone in Changaha.

    In November 2024, both the China-Africa Economic and Trade Expo in Africa and the China Engineering Technology Exhibition were held in Abuja, Nigeria. Equivalent events were hosted in Kenya.

    Early in 2025 in Niamey, Niger, a joint pilot cooperation zone was inaugurated , and which is direct partner of the China-Africa Pilot zone in Hunan.

    As China moves away from US agricultural produce, for instance, African agricultural producers can benefit. Substitute African products and potential exports will enjoy a price boost, and elevated Chinese support.

    China’s newly elevated interest in African development and market potential will bring major prospects. The question will be whether African countries are ready to grasp them, and to use that potential to foster an independent development path of their own.

    Lauren Johnston 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. US trade wars with China – and how they play out in Africa – https://theconversation.com/us-trade-wars-with-china-and-how-they-play-out-in-africa-249609

    MIL OSI – Global Reports –

  • MIL-OSI: Bitwise Launches Bitcoin & Gold ETP with Diaman Partners, Combining Upside Potential and Market Hedge in Next Best-in-Class Offer

    Source: GlobeNewswire (MIL-OSI)

    • Investors simultaneously benefit from Bitcoin potential, safety of gold: Asset reallocation across Bitcoin & Gold, depending on market direction
    • Sophisticated technology: Market risk is gauged through ULCER indices, sophisticated technical indicators providing finely tuned measures of volatility
    • Strong partnership: Bitwise teams with UCITS Fund Manager specialized in digital assets backed by Italy’s Azimut, a leading European asset manager

    March 6, 2025. Frankfurt, Paris/Amsterdam: Bitwise today announces its latest ETP launch with the listing of the Bitwise Diaman Bitcoin & Gold ETP (ticker BTCG; ISIN DE000A4AKW34), which allows investors to benefit simultaneously from the full transformative potential of Bitcoin as well as the time-tested defensive characteristics of gold. The ETP physically replicates the Diaman Bitcoin & Gold Index, which dynamically reallocates value between Bitcoin and gold, increasing Bitcoin exposure when its risk-adjusted performance improves, and shifting towards gold during Bitcoin downturns. The strategy seeks to take advantage of cyclical trends and relative short-term price dislocations, acting as an efficient contributor to a long-term diversified portfolio for institutional and private investors.

    Bradley Duke, Managing Director, Head of Bitwise Europe, said: “I am excited to see the launch of yet another state-of-the-art product in our European markets. As crypto rapidly enters the mainstream, it is essential that we offer investors the full gamut of options available in traditional markets, including sophisticated hedges such as the ones we have developed in cooperation with Diaman Partners. We’re thrilled to join forces with such an ambitious industry player with the backing of one of the continent’s foremost asset managers, Azimut.”

    BTCG is designed for investors looking for a “store of value” strategy to minimize losses in crypto bear markets, while capitalizing on Bitcoin’s potential during upturns. The ETP rebalances Bitcoin and gold once a month based on ULCER indices, a volatility gauge developed in the late 1980s that measures the downside risk of a given asset. Back-testing shows a clear outperformance of ULCER indices over more static allocation methods, demonstrating the added value of the product. BTCG is fully backed by physical Bitcoin and by Pax Gold (PAXG), a digital token tied to physical gold stored in LBMA vaults in London. Both assets backing the ETP are held securely in cold-storage custody by an institutional custodian, meaning they are not connected to the internet. BTCG is issued and domiciled in Germany and will start trading on Euronext Paris and Amsterdam on March 6th 2025.

    Daniele Bernardi, CEO at Diaman Partners, said: “We are delighted to engage in such a promising partnership with Bitwise. BTCG is an excellent product for the broader investment community, designed to leverage Bitcoin’s strong fundamentals—historically the best-performing asset of the last decade, with minimal correlation to traditional markets—alongside gold’s role as a safe-haven asset in times of economic uncertainty and inflation. Many asset managers are still avoiding Bitcoin due to perceived risk, missing a key opportunity to enhance returns. The Bitwise Diaman Bitcoin & Gold ETP enables confident allocation to both physical bitcoin and digital gold, offering diversification and low correlation to strengthen portfolios in a risk-managed framework.”

    Bitwise has accelerated its activities in Europe since its acquisition of ETC Group last year, rebranding its legacy European Crypto ETP suite last month, and continuing to launch innovative new products regularly, such as the Bitwise Solana or Bitwise Aptos Staking ETPs in November and December of 2024 respectively. Committed to transparency, expert product design, and professional management, Bitwise also publishes a wide variety of market insights to educate and inform investors of the emerging opportunities in the digital assets space.

    Key Product Details

    ETP Name Bitwise Diaman Bitcoin & Gold ETP
    Primary Ticker BTCG
    ISIN DE000A4AKW34
    Primary listing Euronext Paris & Amsterdam
    TER 1.49% p.a.
    Domicile Germany
    Underlying Diaman Bitcoin & Gold Index
    Replication method Physical (full replication)

    More information about the product is provided on the respective product page.

    The full Bitwise product list including all exchange listings and trading information is available at https://etc-group.com/products/.

    About Diaman Partners

    Diaman Partners is an asset management company specializing in UCITS and alternative funds, based in Malta, where it is regulated by MFSA (Malta Financial Services Authority). The company leverages advanced algorithms and human expertise to manage all investment processes effectively. With over 20 years of experience, Diaman Partners began its journey in Northern Italy, where its quantitative models and rigorous processes have consistently delivered tangible results, demonstrating know-how, expertise and professionalism. In July 2022, global asset and wealth manager Azimut, which is listed on the Milan stock exchange, acquired a stake in Diaman Partners to act as Azimut’s digital assets arm of the business.

    About Bitwise

    Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with us to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies – spanning both the U.S. and Europe.

    In Europe, for the past four years Bitwise (formerly ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s most traded bitcoin ETP, or the first diversified Crypto Basket ETP replicating an MSCI digital assets index.

    This family of crypto ETPs is domiciled in Germany and issued under a base prospectus approved by BaFin. We exclusively partner with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.

    Our European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe. Retail investors benefit from easy access through numerous DIY/online brokers, coupled with our robust and secure physical ETP structure, which includes a redemption feature. For more information, visit www.bitwiseinvestments.com/eu

    Media contacts:

    JEA Associates
    John McLeod
    00 44 7886 920436
    john@jeaassociates.com

    Important information
    This press release does not constitute investment advice, nor does it constitute an offer or solicitation to buy financial products. This press release is issued by Bitwise Europe GmbH (“BEU”), a limited company domiciled in Germany, for information only and in accordance with all applicable laws and regulations. BEU gives no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.

    Before investing in crypto Exchange Traded Products (“ETPs”), potential investors should consider the following:
    Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors. ETPs issued by BEU are suitable only for persons experienced in investing in cryptocurrencies and risks of investing can be found in the prospectus and final terms available on www.bitwiseinvestments.com./eu. The invested capital is at risk, and losses up to the amount invested are possible. ETPs backed by cryptocurrencies are highly volatile assets and performance is unpredictable. Past performance is not a reliable indicator of future performance. The market price of ETPs will vary and they do not offer a fixed income or match precisely the performance of the underlying cryptocurrency. Investing in ETPs involves numerous risks including general market risks relating to underlying, adverse price movements, currency, liquidity, operational, legal and regulatory risks.

    The MIL Network –