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  • MIL-OSI United Nations: WP.6: Team of Specialists on Gender-Responsive Standards 3rd Annual Meeting

    Source: United Nations Economic Commission for Europe

    During the annual session of this group, members will be asked to appoint the chair and vice chair(s) for the coming period. These nominations are done on an annual basis, with no limit on the number of times an officer can be re-nominated. Each group shall have a chair and a vice chair (there can be a maximum of two vice chairs).

    The procedures applied are described in document ECE/CTCS/WP.6/2023/12.

    Candidature:

    The nominated individual must be a member of the subgroup and the nominations must be received from another member from this or another subgroup of WP.6 (self-nominations are not accepted). A member can only submit one nomination. The nominations will be scrutinised by the WP.6 chair who may refer it through the secretariat to the member State Mission in Geneva to the United Nations. Following such examination, the nomination may be excluded from further consideration at the discretion of the WP.6 chair and/or the member State Mission in Geneva to the United Nations (based on the individual’s expertise, potential reputational risks to WP.6 or other considerations). The candidates’ profiles are then circulated by the secretariat at least one week prior to the meeting (either published on the website or sent by email to the subgroup’s members). If voting is necessary to appoint an officer of the subgroup, the secretariat will publish the procedure to be applied at least one week prior to the meeting.

    Responsibilities:

    Subgroup chairs are responsible for the meetings of the subgroup and presenting subgroup reports to the WP.6 annual session. This can be delegated by the chair to a vice chair or another member of the respective subgroup. The subgroup chair ensures the meetings are held in a professional, open and inclusive manner promoting transparency both internally and externally. The subgroup chair, with the assistance of the secretariat, ensures that all topics discussed within the subgroup are in line with the Programme of work and that deliberations are properly recorded.

    One of the subgroup vice chairs may act as chair in case of absence of the latter. Subgroup vice chairs attend subgroup annual meetings, bureau meetings and relevant meetings. They carry out tasks assigned to them by the chair.

    Subgroup bureau members should make every effort to attend their respective subgroup’s meetings, as well as the WP.6 annual session, preferably in person. All officers should give advance notice to the WP.6 chair and/or secretariat if they are unable to attend meetings. All officers are expected to participate in the work of WP.6 in a spirit of cooperation to effectively promote the work of the Working Party according to its mandate. The subgroup chair or the WP.6 chair should take up the matter of attendance at meetings or constructive participation if the need arises.

    Nomination procedures:

    If there is more than one candidate for any given position, or there is a request from a member State, the secretariat will prepare and publish a nomination procedure at least one week prior to the event.

    Candidatures received:

    MIL OSI United Nations News –

  • MIL-OSI China: Taiwan horror comedy ‘Dead Talents Society’ set for mainland release

    Source: China State Council Information Office 3

    Taiwan horror comedy “Dead Talents Society” will debut in the Chinese mainland this weekend, arriving on the heels of a record-setting Spring Festival movie season.

    A poster for “Dead Talents Society” is shown on a screen at the film’s premiere in Beijing, Feb. 16, 2025. [Photo/China.org.cn]

    Directed by John Hsu, who co-wrote the film with Tsai Kun-Lin, “Dead Talents Society” stars Chen Bolin, Sandrine Pinna and Gingle Wang. The film blends fantasy, scares, humor and emotional moments, creating a mix that will appeal to younger viewers.

    Lee Lieh, who previously produced “The Pig, the Snake and the Pigeon,” a Taiwan film that became a surprise hit last year on the Chinese mainland, also produced “Dead Talents Society.” Distributors are optimistic about achieving similar success as the mainland market continues to be buoyed by Spring Festival blockbusters, particularly “Ne Zha 2.”

    “Dead Talents Society” premiered in Taiwan last year to positive reviews from critics and audiences. It has since received awards and nominations at various film festivals, including a nomination for best Asian Chinese language film at the 43rd Hong Kong Film Awards and a nomination for best visual effects at the 18th Asian Film Awards. It currently holds a rating of 7.6/10 on the Chinese review website Douban.

    The film is set for theatrical release in the Chinese mainland on Feb. 22. The premiere, held in Beijing on Feb. 16, garnered rave reviews.

    MIL OSI China News –

  • MIL-OSI United Nations: WP.6: Advisory Group on Market Surveillance 22nd Annual Meeting

    Source: United Nations Economic Commission for Europe

    During the annual session of this group, members will be asked to appoint the chair and vice chair(s) for the coming period. These nominations are done on an annual basis, with no limit on the number of times an officer can be re-nominated. Each group shall have a chair and a vice chair (there can be a maximum of two vice chairs).

    The procedures applied are described in document ECE/CTCS/WP.6/2023/12.

    Candidature:

    The nominated individual must be a member of the subgroup and the nominations must be received from another member from this or another subgroup of WP.6 (self-nominations are not accepted). A member can only submit one nomination. The nominations will be scrutinised by the WP.6 chair who may refer it through the secretariat to the member State Mission in Geneva to the United Nations. Following such examination, the nomination may be excluded from further consideration at the discretion of the WP.6 chair and/or the member State Mission in Geneva to the United Nations (based on the individual’s expertise, potential reputational risks to WP.6 or other considerations). The candidates’ profiles are then circulated by the secretariat at least one week prior to the meeting (either published on the website or sent by email to the subgroup’s members). If voting is necessary to appoint an officer of the subgroup, the secretariat will publish the procedure to be applied at least one week prior to the meeting.

    Responsibilities:

    Subgroup chairs are responsible for the meetings of the subgroup and presenting subgroup reports to the WP.6 annual session. This can be delegated by the chair to a vice chair or another member of the respective subgroup. The subgroup chair ensures the meetings are held in a professional, open and inclusive manner promoting transparency both internally and externally. The subgroup chair, with the assistance of the secretariat, ensures that all topics discussed within the subgroup are in line with the Programme of work and that deliberations are properly recorded.

    One of the subgroup vice chairs may act as chair in case of absence of the latter. Subgroup vice chairs attend subgroup annual meetings, bureau meetings and relevant meetings. They carry out tasks assigned to them by the chair.

    Subgroup bureau members should make every effort to attend their respective subgroup’s meetings, as well as the WP.6 annual session, preferably in person. All officers should give advance notice to the WP.6 chair and/or secretariat if they are unable to attend meetings. All officers are expected to participate in the work of WP.6 in a spirit of cooperation to effectively promote the work of the Working Party according to its mandate. The subgroup chair or the WP.6 chair should take up the matter of attendance at meetings or constructive participation if the need arises.

    Nomination procedures:

    If there is more than one candidate for any given position, or there is a request from a member State, the secretariat will prepare and publish a nomination procedure at least one week prior to the event.

    Candidatures received:

    MIL OSI United Nations News –

  • MIL-OSI Asia-Pac: Foreign Minister Lin hosts a welcome luncheon for Eswatini Deputy Prime Minister Dladla

    Source: Republic of China Taiwan 3

    February 12, 2025 
    No. 037Minister of Foreign Affairs Lin Chia-lung hosted a welcome luncheon on February 12 for a delegation from the Kingdom of Eswatini led by Deputy Prime Minister Thulisile Dladla. He thanked Eswatini for its staunch commitment to diplomatic alliance with Taiwan and for its firm support for Taiwan’s international participation over the years.
     
    In his remarks at the event, Minister Lin also spoke about the heavy rainfall and subsequent flooding in Eswatini that had seriously impacted the lives of people in some areas. He extended sympathies to those affected and recounted President Lai Ching-te’s instruction that the Ministry of Foreign Affairs (MOFA) must do its utmost to assist in the Eswatini government’s relief efforts and increase food donations so that the disaster victims could resume normal life as early as possible. 
     
    Commenting on the close bilateral cooperation across various domains, Minister Lin stated that the strategic oil reserve project currently underway in Eswatini was the largest infrastructure project by the two countries since the establishment of diplomatic ties. He added that Taiwan and Eswatini had steadily strengthened collaboration in such areas as energy, agriculture, education, gender equality, and women’s empowerment. He noted that among the joint projects, the Women’s Business Start-Up Microfinance Revolving Fund established in 2023 with assistance from the Taiwan government had effectively provided start-up capital to female entrepreneurs in rural areas of Eswatini. Minister Lin affirmed that more than 500 women had benefited from the program and that a beneficiary family had named their newborn daughter Taiwan out of gratitude, highlighting the positive impact of the friendship between Taiwan and Eswatini on the people’s well-being. He further expressed that such developments were inspiring.
     
    During the luncheon, Deputy Prime Minister Dladla thanked Taiwan for assisting in the national development of Eswatini. She reiterated that Eswatini would not falter in its support for Taiwan under any external pressure; that it would stand by Taiwan in the face of all challenges; and that it would continue to uphold Taiwan’s right to participate in all international organizations, including the United Nations. 
     
    Deputy Prime Minister Dladla emphasized that Taiwan and Eswatini enjoyed deep and extensive cooperation, having built a partnership as strong as family ties. As an example, she cited Taiwan’s prompt evacuation assistance to Eswatini expatriates in Ukraine when the Russia-Ukraine war erupted as testament to the genuine friendship between Taiwan and Eswatini.
     
    The luncheon was also attended by Deputy Minister of Health and Welfare Lue Jen-der, Deputy Minister of Foreign Affairs François Chihchung Wu, Superintendent of Taipei Medical University Hospital Shih Chun-ming, and Board Chairperson of the Garden of Hope Foundation Pan Ay-woan. Participants exchanged views on healthcare, education, and energy collaboration between Taiwan and Eswatini; the creation of social safety nets; protection of vulnerable groups; and other issues.
     
    Eswatini established diplomatic relations with Taiwan immediately after it gained independence in 1968. MOFA will maintain close cooperation with the government of Eswatini to steadily promote the Diplomatic Allies Prosperity Project, foster a reciprocal and mutually beneficial partnership, enhance the well-being of the peoples of Taiwan and Eswatini, and further consolidate bilateral ties. (E) 

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: President Lai meets British-Taiwanese All-Party Parliamentary Group delegation

    Source: Republic of China Taiwan

    Details
    2025-02-17
    President Lai meets former United States Deputy National Security Advisor Matthew Pottinger
    On the morning of February 17, President Lai Ching-te met with a delegation led by former United States Deputy National Security Advisor Matthew Pottinger. In remarks, President Lai thanked the delegation for demonstrating staunch support for Taiwan through their visit. The president pointed out that increased cooperation between authoritarian regimes is posing risks and challenges to the geopolitical landscape and regional security. He emphasized that only by bolstering our defense capabilities can we demonstrate effective deterrence and maintain peace and stability across the Taiwan Strait and around the world. The president stated that moving forward, Taiwan will continue to enhance its self-defense capabilities. He also expressed hope of strengthening the Taiwan-US partnership and jointly building secure and resilient non-red supply chains so as to ensure that Taiwan, the US, and democratic partners around the world maintain a technological lead. A translation of President Lai’s remarks follows: I am delighted to welcome our good friends Mr. Pottinger and retired US Rear Admiral Mr. Mark Montgomery to Taiwan once again. Last June, Mr. Pottinger and Mr. Ivan Kanapathy came to Taiwan to launch their new book The Boiling Moat. During that visit, they also visited the Presidential Office. We held an extensive exchange of views on Taiwan-US relations and regional affairs right here in the Taiwan Heritage Room. Now, as we meet again eight months later, I am pleased to learn that Mr. Kanapathy is now serving on the White House National Security Council. The Mandarin translation of The Boiling Moat is also due to be released in Taiwan very soon. This book offers insightful observations from US experts regarding US-China-Taiwan relations and valuable advice for the strengthening of Taiwan’s national defense, security, and overall resilience. I am sure that Taiwanese readers will benefit greatly from it. I understand that this is Mr. Montgomery’s fourth visit to Taiwan and that he has long paid close attention to Taiwan-related issues. I look forward to an in-depth discussion with our two friends on the future direction of Taiwan-US relations and cooperation. Increased cooperation between authoritarian regimes is posing risks and challenges to the geopolitical landscape and regional security. One notion we all share is peace through strength. That is, only by bolstering our defense capabilities and fortifying our defenses can we demonstrate effective deterrence and maintain peace and stability across the Taiwan Strait and around the world. Moving forward, Taiwan will continue to enhance its self-defense capabilities. We also hope to strengthen the Taiwan-US partnership in such fields as security, trade and the economy, and energy. In addition, we will advance cooperation in critical and innovative technologies and jointly build secure and resilient non-red supply chains. This will ensure that Taiwan, the US, and democratic partners around the world maintain a technological lead. We believe that closer Taiwan-US exchanges and cooperation not only benefit national security and development but also align with the common economic interests of Taiwan and the US. I want to thank Mr. Pottinger and Mr. Montgomery once again for visiting and for continuing to advance Taiwan-US exchanges, demonstrating staunch support for Taiwan. Let us continue to work together to deepen Taiwan-US relations. I wish you a smooth and fruitful visit.  Mr. Pottinger then delivered remarks, first congratulating President Lai on his one-year election anniversary and on the state of the economy, which, he added, is doing quite well. Mentioning President Lai’s recent statement pledging to increase Taiwan’s defense budget to above 3 percent of GDP, Mr. Pottinger said he thinks that the benchmark is equal to what the US spends on its defense and that it is a good starting point for both countries to build deterrence. Echoing the president’s earlier remarks, Mr. Pottinger said that peace through strength is the right path for the US and for Taiwan right now at a moment when autocratic, aggressive governments are on the march. He then paraphrased the words of former US President George Washington in his first inaugural address, saying that the best way to keep the peace is to be prepared at all times for war, which captures the meaning of peace through strength. In closing, he said he looks forward to exchanging views with President Lai.

    Details
    2025-02-17
    President Lai meets Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini
    On the afternoon of February 11, President Lai Ching-te met with a delegation led by Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini. In remarks, President Lai thanked Eswatini for continuing to support Taiwan’s international participation at international venues. The president stated that Taiwan and Eswatini work closely in such areas as agriculture, the economy and trade, education, and healthcare, and expressed hope that the two countries will continue to support each other on the international stage and strive together for the well-being of both peoples.  A translation of President Lai’s remarks follows: I warmly welcome our distinguished guests to the Presidential Office. Deputy Prime Minister Dladla previously visited Taiwan while serving as minister of foreign affairs. This is her first time leading a delegation here as deputy prime minister. I want to extend my sincerest welcome. Deputy Prime Minister Dladla has earned a high degree of recognition and trust from His Majesty King Mswati III. She was not only Eswatini’s first woman foreign minister, but is also the second woman to have held her current key position. She shows an active interest in people’s welfare, and has a reputation for being deeply devoted to her compatriots. I have great admiration for this. I am truly delighted to meet with Deputy Prime Minister Dladla today. I would like to take this opportunity to once again express my gratitude to His Majesty the King for leading a delegation to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao last year. This demonstrated the close diplomatic ties between our countries. I also want to thank Eswatini for continuing to support Taiwan’s international participation at international venues. I would ask that when Deputy Prime Minister Dladla returns to Eswatini, she conveys Taiwan’s greetings and gratitude to His Majesty the King and Her Majesty the Queen Mother Ntombi Tfwala. Diplomatic ties between Taiwan and Eswatini have endured for over half a century. Our two nations have continued to work closely in such areas as agriculture, the economy and trade, education, and healthcare. Our largest collaboration to date has been assisting Eswatini in the construction of a strategic oil reserve facility. We will continue to push forward with this project, and look forward to achieving even greater results in all areas. I understand that Deputy Prime Minister Dladla is very concerned about issues regarding gender equality and women’s empowerment. During her term as foreign minister, she facilitated bilateral cooperation in those areas. Now, as deputy prime minister, she is actively attending to the disadvantaged and advancing social welfare. These policies are very much in line with the priorities of my administration. I look forward to strengthening cooperation with Deputy Prime Minister Dladla for the benefit of both our societies. Taiwan and Eswatini are peace-loving nations. Faced with a constantly changing international landscape and the growing threat posed by authoritarianism, we hope that our two countries will continue to support each other on the international stage and strive together for the well-being of both our peoples. In closing, I wish Deputy Prime Minister Dladla and our distinguished guests a pleasant and successful visit. Deputy Prime Minister Dladla then delivered remarks, first greeting President Lai on behalf of the King, the Queen Mother, and the people of Eswatini, and extending gratitude for the warm reception afforded to her and her delegation, which underscores the strong bonds of friendship between our two nations. The deputy prime minister stated that, in reflecting on the fruits of our partnership, the evidence of Taiwan’s commitment to Eswatini is all around us. The strategic oil reserve project launching in April, she indicated, will redefine Eswatini’s energy security, and the Central Bank complex and electrification project stand as monuments of Taiwan’s vision for Eswatini’s progress and indicate that our partnerships are very strong. Deputy Prime Minister Dladla pointed out that education is the foundation of any nation’s progress, and that Taiwan’s contribution to Eswatini’s education sector cannot be overstated. Through Ministry of Foreign Affairs scholarship programs, she said, Eswatini has sent numerous students to Taiwan, where they’ve received world-class education in various disciplines, including engineering, business, and medicine. In turn, she said, these graduates are now contributing to the development of Eswatini. The deputy prime minister stated that Taiwan has also strengthened Eswatini’s industrial and technological sectors, with collaborations and partnerships that create new opportunities for employment and innovation, and that Taiwan’s technical and medical assistance has strengthened Eswatini’s healthcare systems and uplifted the expertise of its professionals. Deputy Prime Minister Dladla also congratulated President Lai once again on his presidency, which she stated will lead Taiwan to new heights, adding that His Majesty coming to Taiwan personally for the inauguration was a resounding declaration of Eswatini’s enduring support for Taiwan’s sovereignty, stability, and rightful place on the world stage. She emphasized that Eswatini stands with Taiwan always and unwaveringly. In conclusion, the deputy prime minister stated that Eswatini fully agrees with Taiwan that we must all safeguard our national sovereignty and protect the lives and property of our people. She said that our common enemy will always be poverty and natural disasters, but against all odds, we will stand united, and we shall remain united and be one. The delegation was accompanied to the Presidential Office by Eswatini Ambassador Promise Sithembiso Msibi.

    Details
    2025-02-17
    Presidential Office thanks US and Japan for joint leaders’ statement
    On February 7 (US EST), President Donald Trump of the United States and Prime Minister Ishiba Shigeru of Japan issued a joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community.” In the statement, the two leaders also “encouraged the peaceful resolution of cross-strait issues, and opposed any attempts to unilaterally change the status quo by force or coercion” and “expressed support for Taiwan’s meaningful participation in international organizations.” Presidential Office Spokesperson Karen Kuo (郭雅慧) on February 8 expressed sincere gratitude on behalf of the Presidential Office to the leaders of both countries for taking concrete action to demonstrate their firm support for peace and stability across the Taiwan Strait and for Taiwan’s international participation. Spokesperson Kuo pointed out that there is already a strong international consensus on the importance of peace and stability in the Indo-Pacific region. The spokesperson emphasized that Taiwan, as a responsible member of the international community, is capable and willing to work together with the international community and will continue strengthening its self-defense capabilities as it deepens its trilateral security partnership with the US and Japan and works alongside like-minded countries to uphold the rules-based international order. The spokesperson said that Taiwan will work toward ensuring a free and open Taiwan Strait and Indo-Pacific region, as well as global peace, stability, and prosperity, as it continues to act as a force for good in the world.

    Details
    2025-02-17
    President Lai’s response to Pope Francis’s 2025 World Day of Peace message  
    President Lai Ching-te recently sent a letter to Pope Francis of the Catholic Church in response to his message marking the 58th World Day of Peace. The following is the full text of the president’s letter to the pope: Your Holiness, In your message for the 2025 World Day of Peace entitled Forgive us our trespasses: grant us your peace, you called for a cultural change that would bring an end to the governance of interpersonal and international relations by a logic of exploitation and oppression and herald true and lasting peace. I wholeheartedly admire and identify with your point of view. Since transitioning from a medical career to politics, I have remained true to my original intentions in the sense that, while a doctor can help only one person at a time, a public servant can simultaneously assist many people in resolving the difficulties affecting their lives. In my inaugural address in May 2024, I pledged that every day of my term, I would strive to act justly, show mercy, and be humble, which accord with the teachings of the Bible. I promised to treat the Taiwanese people as family and prove myself worthy of their trust and expectations. With an unwavering heart, I have accepted the people’s trust and taken on the solemn responsibility of leading the nation forward and building a democratic, peaceful, and prosperous new Taiwan. In this new year, the changing international landscape continues to present many grave challenges to democratic nations around the world. As the Russia-Ukraine war persists, the steady convergence of authoritarian regimes, including China, Russia, North Korea, and Iran, threatens the rules-based international order and severely impacts peace and stability in the Indo-Pacific and the world at large. Your Holiness has stated that war is a defeat for everyone. I, too, firmly believe that peace is priceless and that war has no winners. A high level of consensus has formed in the international community on upholding peace and stability across the Taiwan Strait. The Taiwanese people also maintain an unyielding commitment to safeguarding a way of life that encompasses freedom, equality, democracy, and human rights. Taiwan will continue to spare no effort in preserving regional peace and stability and serving as a pilot for global peace. In your World Day of Peace message, you urged prosperous countries to assist poorer ones. This compassion is truly touching. Taiwan is proactively implementing values-based diplomacy and, under the Diplomatic Allies Prosperity Project, enhancing allies’ development through a range of initiatives. Over many years, Taiwan has accumulated abundant and unique experience of providing foreign assistance. Seeking to foster self-reliance among disadvantaged countries, we have extended genuine support to help alleviate poverty through such avenues as strengthening basic infrastructure, transferring technology, and cultivating talent. In your message, you reminded countries worldwide that assistance should not be merely an isolated act of charity and pointed to the need to devise a new global financial framework so that food crises, climate change, and other challenges could be jointly addressed. I hold this view in high regard. I therefore earnestly hope that international organizations will stop excluding Taiwan for political reasons. Taiwan is willing to shoulder its international responsibilities so that it can contribute and share its valuable experience through many global platforms.  On behalf of the government and people of the Republic of China (Taiwan), I again express our interest in collaborating with the Holy See to advance world peace through concrete action. We also aspire to demonstrate Taiwanese values and the Taiwanese spirit and work together with the Holy See to uphold the core values of justice, democracy, freedom, and peace.  Please accept, Your Holiness, the renewed assurances of my highest consideration, as well as my best wishes for your good health and the continued growth of the Catholic Church.

    Details
    2025-02-17
    President Lai meets former US Vice President Mike Pence
    On the afternoon of January 17, President Lai Ching-te met with former Vice President of the United States Mike Pence. In remarks, President Lai thanked former Vice President Pence for his contributions to the deepening of Taiwan-US relations, noting that he actively helped to strengthen Taiwan-US cooperation and facilitate the normalization of military sales to Taiwan, and did his utmost to deepen the Taiwan-US economic partnership. The president indicated that former Vice President Pence also spoke up for Taiwan on numerous occasions at international venues, backing Taiwan’s international participation. President Lai expressed hope for a stronger Taiwan-US partnership to maintain peace and stability throughout the world, and that the two sides can advance bilateral exchanges in such areas as the economy, trade, and industry. A translation of President Lai’s remarks follows: I am delighted to welcome former Vice President Pence and Mrs. Karen Pence to the Presidential Office. Former Vice President Pence is not only an outstanding political leader in the US, but also a staunch supporter of Taiwan on the international stage. On behalf of the people of Taiwan, I would like to take this opportunity to extend our deepest gratitude to former Vice President Pence for his contributions to the deepening of Taiwan-US relations. Thanks to former Vice President Pence’s strong backing, ties between Taiwan and the US rose to unprecedented heights during President Donald Trump’s first administration. Former Vice President Pence actively helped to strengthen Taiwan-US security cooperation and facilitate the normalization of military sales to Taiwan, helping Taiwan reinforce its self-defense capabilities. He also did his utmost to deepen the Taiwan-US economic partnership. Former Vice President Pence also paid close attention to the military threats and diplomatic isolation faced by Taiwan. He spoke up for Taiwan on numerous occasions at international venues, taking concrete action to back Taiwan’s international participation. We were truly grateful for this. As we speak, China’s political and military intimidation against Taiwan persist. China and other authoritarian regimes, such as Russia, North Korea, and Iran, are continuing to converge and present serious challenges to democracies around the globe. At this moment, free and democratic nations must come together to bolster cooperation. I believe that a stronger Taiwan-US partnership can be an even more powerful force in maintaining peace and stability throughout the world. Former Vice President Pence has previously supported the signing of a trade agreement between Taiwan and the US. Taiwan looks forward to continuing to work with the new US administration and Congress to advance bilateral exchanges in such areas as the economy, trade, and industry. This is the first time that former Vice President Pence and Mrs. Pence are visiting Taiwan, and their visit is significantly meaningful for Taiwan-US exchanges. On behalf of the people of Taiwan, I want to extend a warm welcome. Moving forward, I hope we will jointly realize even more fruitful achievements through Taiwan-US cooperation. Former Vice President Pence then delivered remarks, thanking President Lai for his hospitality on his and his wife’s first visit to Taiwan, saying that it is an honor to be here to reaffirm the bonds of friendship between the people of America and the people of Taiwan, which are strong and longstanding. The former vice president indicated that the American people admire the people of Taiwan and all that has been accomplished in a few short decades for Taiwan to rise to one of the world’s preeminent economic powers and free societies. He said that he is grateful for President Lai’s courageous and bold leadership of Taiwan, and grateful to be able to express the support of the overwhelming majority of the American people for this alliance. Former Vice President Pence indicated that the values shared by Taiwan and the US, including freedom, the rule of law, and respect for human rights, bind us together in a partnership that transcends geographic boundaries and cultures. He then assured President Lai that China’s increasingly aggressive posture in the Taiwan Strait and across the Indo-Pacific, for the values and interests that both sides share, is deeply concerning to the American people. Former Vice President Pence stated that America is a Pacific nation, and is committed to the status quo, adding that they recognize it is China that wants to change the status quo that America, Taiwan, and other allies in the region want to preserve, which has created an environment of extraordinary growth and prosperity. The former vice president concluded by once again thanking President Lai and his team for their gracious hospitality and conveying best wishes to him and the people of Taiwan. Former Vice President Pence then assured President Lai that just as Taiwan will never surrender its freedom, he will continue to be a voice for a strong US-Taiwan relationship in the defense and the benefit of Taiwan, the US, and the free world. Later that day, Vice President Bi-khim Hsiao hosted a banquet for former Vice President Pence and his delegation at Taipei Guest House to thank him for his longstanding friendship and staunch support for Taiwan-US ties.  

    Details
    2025-02-14
    President Lai holds press conference following high-level national security meeting
    On the morning of February 14, President Lai Ching-te convened the first high-level national security meeting of the year, following which he held a press conference. In remarks, President Lai announced that in this new year, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. He stated that the government will also continue to reform national defense, reform our legal framework for national security, and advance our economic and trade strategy of being rooted in Taiwan while expanding globally. The president also proposed clear-cut national strategies for Taiwan-US relations, semiconductor industry development, and cross-strait relations. President Lai indicated that he instructed the national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches outlined. He also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. He expressed hope that as long as citizens remain steadfast in their convictions, are willing to work hand in hand, stand firm amidst uncertainty, and look for ways to win within changing circumstances, Taiwan is certain to prevail in the test of time yet again. A translation of President Lai’s remarks follows: First, I would like to convey my condolences for the tragic incident which occurred at the Shin Kong Mitsukoshi department store in Taichung, which resulted in numerous casualties. I have instructed Premier Cho Jung-tai (卓榮泰) to lead the relevant central government agencies in assisting Taichung’s municipal government with actively resolving various issues regarding the incident. It is my hope that these issues can be resolved efficiently. Earlier today, I convened this year’s first high-level national security meeting. I will now report on the discussions from the meeting to all citizens. 2025 is a year full of challenges, but also a year full of hope. In today’s global landscape, the democratic world faces common threats posed by the convergence of authoritarian regimes, while dumping and unfair competition from China undermine the global economic order. A new United States administration was formed at the beginning of the year, adopting all-new strategies and policies to address challenges both domestic and from overseas. Every nation worldwide, including ours, is facing a new phase of changes and challenges. In face of such changes, ensuring national security, ensuring Taiwan’s indispensability in global supply chains, and ensuring that our nation continues to make progress amidst challenges are our top priorities this year. They are also why we convened a high-level national security meeting today. At the meeting, the national security team, the administrative team led by Premier Cho, and I held an in-depth discussion based on the overall state of affairs at home and abroad and the strategies the teams had prepared in response. We summed up the following points as an overall strategy for the next stage of advancing national security and development. First, for overall national security, so that we can ensure the freedom, democracy, and human rights of the Taiwanese people, as well as the progress and development of the nation as we face various threats from authoritarian regimes, Taiwan must resolutely safeguard national sovereignty, strengthen self-sufficiency in national defense, and consolidate national defense. Taiwan must enhance economic resilience, maintain economic autonomy, and stand firm with other democracies as we deepen our strategic partnerships with like-minded countries. As I have said, “As authoritarianism consolidates, democratic nations must come closer in solidarity!” And so, in this new year, we will focus on the following three priorities: First, to demonstrate our resolve for national defense, we will continue to reform national defense, implement whole-of-society defense resilience, and prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP. Second, to counter the threats to our national security from China’s united front tactics, attempts at infiltration, and cognitive warfare, we will continue with the reform of our legal framework for national security and expand the national security framework to boost societal resilience and foster unity within. Third, to seize opportunities in the restructuring of global supply chains and realignment of the economic order, we will continue advancing our economic and trade strategy of being rooted in Taiwan while expanding globally, strengthening protections for high-tech, and collaborating with our friends and allies to build supply chains for global democracies. Everyone shares concern regarding Taiwan-US relations, semiconductor industry development, and cross-strait relations. For these issues, I am proposing clear-cut national strategies. First, I will touch on Taiwan-US relations. Taiwan and the US have shared ideals and values, and are staunch partners within the democratic, free community. We are very grateful to President Donald Trump’s administration for their continued support for Taiwan after taking office. We are especially grateful for the US and Japan’s joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community,” as well as their high level of concern regarding China’s threat to regional security. In fact, the Democratic Progressive Party government has worked very closely with President Trump ever since his first term in office, and has remained an international partner. The procurement of numerous key advanced arms, freedom of navigation critical for security and stability in the Taiwan Strait, and many assisted breakthroughs in international diplomacy were made possible during this time. Positioned in the first island chain and on the democratic world’s frontline countering authoritarianism, Taiwan is willing and will continue to work with the US at all levels as we pursue regional stability and prosperity, helping realize our vision of a free and open Indo-Pacific. Although changes in policy may occur these next few years, the mutual trust and close cooperation between Taiwan and Washington will steadfastly endure. On that, our citizens can rest assured. In accordance with the Taiwan Relations Act and the Six Assurances, the US announced a total of 48 military sales to Taiwan over the past eight years amounting to US$26.265 billion. During President Trump’s first term, 22 sales were announced totaling US$18.763 billion. This greatly supported Taiwan’s defensive capabilities. On the foundation of our close cooperation with the past eight years’ two US administrations, Taiwan will continue to demonstrate our determination for self-defense, accelerate the bolstering of our national defense, and keep enhancing the depth and breadth of Taiwan-US security cooperation, along with all manner of institutional cooperation. In terms of bilateral economic cooperation, Taiwan has always been one of the US’s most reliable trade partners, as well as one of the most important cooperative partners of US companies in the global semiconductor industry. In the past few years, Taiwan has greatly increased both direct and indirect investment in the US. By 2024, investment surpassed US$100 billion, creating nearly 400,000 job opportunities. In 2023 and 2024, investment in the US accounted for over 40 percent of Taiwan’s overall foreign investment, far surpassing our investment in China. In fact, in 2023 and 2024, Taiwanese investment in China fell to 11 percent and 8 percent, respectively. The US is now Taiwan’s biggest investment target. Our government is now launching relevant plans in accordance with national development needs and the need to establish secure supply systems, and the Executive Yuan is taking comprehensive inventory of opportunities for Taiwan-US economic and trade cooperation. Moving forward, close bilateral cooperation will allow us to expand US investment and procurement, facilitating balanced trade. Our government will also strengthen guidance and support for Taiwanese enterprises on increasing US investment, and promote the global expansion and growth of Taiwan’s industries. We will also boost Taiwan-US cooperation in tech development and manufacturing for AI and advanced semiconductors, and work together to maintain order in the semiconductor market, shaping a new era for our strategic economic partnership. Second, the development of our semiconductor industry. I want to emphasize that Taiwan, as one of the world’s most capable semiconductor manufacturing nations, is both willing and able to address new situations. With respect to President Trump’s concerns about our semiconductor industry, the government will act prudently, strengthen communications between Taiwan and the US, and promote greater mutual understanding. We will pay attention to the challenges arising from the situation and assist businesses in navigating them. In addition, we will introduce an initiative on semiconductor supply chain partnerships for global democracies. We are willing to collaborate with the US and our other democratic partners to develop more resilient and diversified semiconductor supply chains. Leveraging our strengths in cutting-edge semiconductors, we will form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. Through international cooperation, we will open up an entirely new era of growth in the semiconductor industry. As we face the various new policies of the Trump administration, we will continue to uphold a spirit of mutual benefit, and we will continue to communicate and negotiate closely with the US government. This will help the new administration’s team to better understand how Taiwan is an indispensable partner in the process of rebuilding American manufacturing and consolidating its leadership in high-tech, and that Taiwan-US cooperation will benefit us both. Third, cross-strait relations. Regarding the regional and cross-strait situation, Taiwan-US relations, US-China relations, and interactions among Taiwan, the US, and China are a focus of global attention. As a member of the international democratic community and a responsible member of the region, Taiwan hopes to see Taiwan-US relations continue to strengthen and, alongside US-China relations, form a virtuous cycle rather than a zero-sum game where one side’s gain is another side’s loss. In facing China, Taiwan will always be a responsible actor. We will neither yield nor provoke. We will remain resilient and composed, maintaining our consistent position on cross-strait relations: Our determination to safeguard our national sovereignty and protect our free and democratic way of life remains unchanged. Our efforts to maintain peace and stability in the Taiwan Strait, as well as our willingness to work alongside China in the pursuit of peace and mutual prosperity across the strait, remain unchanged. Our commitment to promoting healthy and orderly exchanges across the strait, choosing dialogue over confrontation, and advancing well-being for the peoples on both sides of the strait, under the principles of parity and dignity, remains unchanged. Regarding the matters I reported to the public today, I have instructed our national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches I just outlined. I have also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. My fellow citizens, over the past several years, Taiwan has weathered a global pandemic and faced global challenges, both political and economic, arising from the US-China trade war and Russia’s invasion of Ukraine. Through it all, Taiwan has persevered; we have continued to develop our economy, bolster our national strength, and raise our international profile while garnering more support – all unprecedented achievements. This is all because Taiwan’s fate has never been decided by the external environment, but by the unity of the Taiwanese people and the resolve to never give up. A one-of-a-kind global situation is creating new strategic opportunities for our one-of-a-kind Taiwanese people, bringing new hope. Taiwan’s foundation is solid; its strength is great. So as long as everyone remains steadfast in their convictions, is willing to work hand in hand, stands firm amidst uncertainty, and looks for ways to win within changing circumstances, Taiwan is certain to prevail in the test of our time yet again, for I am confident that there are no difficulties that Taiwan cannot overcome. Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Sports dispute resolution discussed

    Source: Hong Kong Information Services

    The Advisory Committee on Sports Dispute Resolution of the Department of Justice (DoJ), chaired by Deputy Secretary for Justice Cheung Kwok-kwan, met the Sports Federation & Olympic Committee of Hong Kong, China (SF&OC) today to discuss the direction of development of promoting sports dispute resolution in Hong Kong.

     

    At the meeting, both sides had in-depth exchanges on the latest developments in sports dispute resolution. They also discussed ways to encourage the sports industry to widely adopt alternative dispute resolution mechanisms for handling sports disputes in the spirit of embracing change and boldly pursuing reforms.

     

    Mr Cheung said that, with a view to enhancing the local sports dispute resolution landscape, the Hong Kong Special Administrative Region Government has been actively engaging with key stakeholders and understands that the industry is keen to have a neutral, fair and efficient mechanism to handle and resolve sports disputes.

     

    Mr Cheung was pleased to learn that the SF&OC fully supports Hong Kong to leverage its institutional advantages in dispute resolution to develop sports dispute resolution, thereby further consolidating the city’s status as a centre for international legal and dispute resolution services in the Asia-Pacific region.

     

    He pointed out that the Hong Kong SAR Government and the advisory committee are carrying out the preparatory work for a pilot scheme on sports dispute resolution at full steam.

     

    Additionally, he thanked the SF&OC for its valuable advice on the implementation of the pilot scheme, especially regarding the specific requirements for selecting dispute resolution institutions, the fields of disputes suitable for resolution through mediation or arbitration, and the fee structure.

     

    The two sides also exchanged views on the potential for future collaboration, including promoting awareness and providing education to national sports associations and local athletes on the use of alternative dispute resolution in handling sports disputes, as well as encouraging retired athletes to participate in sports dispute mediator and arbitrator training.

    MIL OSI Asia Pacific News –

  • MIL-OSI China: Chinese delegation attends 156th session of WHO Executive Board

    Source: People’s Republic of China Ministry of Health

    he 156th session of the World Health Organization (WHO) Executive Board was held in Geneva, Switzerland, from Feb 3 to 11. Around 800 representatives from WHO member states, relevant international organizations and non-governmental organizations attended the meeting.

    The Chinese delegation comprised representatives from relevant departments of the National Health Commission, the Ministry of Foreign Affairs, the Ministry of Ecology and Environment, the National Administration of Traditional Chinese Medicine, the National Disease Control and Prevention Administration, the National Healthcare Security Administration, and the National Medical Products Administration, the Permanent Mission of China to the United Nations Office at Geneva as well as relevant experts.

    In his report at the session, WHO Director-General Tedros Adhanom Ghebreyesus reviewed the organization’s work in improving access to health services and responding to public health emergencies and financing in 2024, calling on the countries involved to increase their support for the WHO so as to achieve the highest attainable standard of health for all at an early date.

    The session discussed over 40 topics, including primary healthcare, mental health, human resources for health and public health emergencies, and deliberated more than 20 draft resolutions on issues such as rare diseases, strengthening health financing and enhancing national capacity for evidence-based decision-making.

    The Chinese delegation played an active part in the discussions on various topics, commended the work done by the WHO, and expressed support for the organization in playing a leading and coordinating role in global health governance. The delegation also shared Chinese experience in relevant fields and called on the WHO to focus on its primary responsibilities and work to further improve efficiency and performance.

    They said China is ready to promote cooperation with all parties involved so as to jointly advance the building a global community of health for all.

    MIL OSI China News –

  • MIL-OSI United Kingdom: Mayor proposes record-breaking £1.16bn investment in the Metropolitan Police

    Source: Mayor of London

    • In a draft budget published last night the Mayor proposed an additional £83m investment – £10m from City Hall and £73m from central Government – to go into policing
    • The £83m additional builds on the extra £237m already announced for next year to give a record £320m increase
    • In total, this means there will be £1.159 billion Mayoral funding policing in 2025-26. It is the largest figure ever spent on policing in the capital, the biggest year-on-year settlement ever proposed for the Met and more than double the previous Mayor’s final budget for policing
    • It comes as the number of homicides, young people being injured with knives and burglary are all down since Sadiq was first elected in 2016

    The Mayor of London, Sadiq Khan, has today proposed an extra £83m million – £10m from City Hall and £73million from central government – for policing in his final draft budget bringing total Mayoral investment in the Met to an historic £1.159 billion for the next year.

    It means there is an additional £320m funding for the Metropolitan Police compared to the current year’s budget, an unprecedented increase. This additional investment will keep hundreds of Metropolitan Police officer posts and reduce expected cuts to key specialist police units.

    Last November’s budget submission from the Mayor’s Office for Policing and Crime (MOPAC) assumed that by 31 March 2026, the Met would need to reduce the number of officers by 1,899 to 30,553 due to chronic underfunding by the previous government, which reduced annual core funding for policing in the capital by £1.1 billion in real terms.

    The Mayor has confirmed that some of the cuts the Metropolitan Police had originally proposed in November will be substantially scaled back due to this proposed investment, which will be used to fund additional police officers, key police staff and the equipment they need to carry out their roles.  Final decisions on how to use the extra investment will be considered by MOPAC and the Met, with plans announced next month. It is expected that hundreds of officer posts will be kept in place due to this investment, on top of the 420 officers funded in last month’s Provisional Policing Settlement.

    There is still much more to do to tackle crime in London and this proposed investment by the Mayor and the Government will help the Met to continue to invest in tacking crime locally and build on the progress being made. The number of homicides, young people being injured with knives, and burglary are all down since Sadiq was first elected in 2016. Homicides are also falling – there were fewer homicides of people under-25 in London last year than any year since 2003. The number of teenage homicides in London last year was at its lowest total since 2012.

    In total, Sadiq has earmarked a record £1.159 billion to fund policing in 2025-26 – an increase of nearly 105 per cent in annual funding compared to the previous Mayor’s final budget.  But despite this investment, and the extra support from the new government, the Met is still facing significant financial pressures due to over a decade of real terms cuts by the previous government.  

    The Mayor of London, Sadiq Khan, said: “No-one should under-estimate the significance of this. It is a record amount of investment.

    “Bearing down on crime and keeping Londoners safe is my top priority as Mayor and I’ll always use all the levers at my disposal to fund the police, investing record sums from City Hall.

    “I am pleased to propose an additional £320 million since last year for the Metropolitan Police, with £83m more since January, thanks to Government support.

    “Despite this record-breaking additional funding, the Met still faces a difficult financial situation due to over a decade of cuts by the previous government. As Mayor, I will continue to work with the new government and the Commissioner ahead of the forthcoming spending review on the funding the Met needs to ensure we can continue building a safer London for everyone.”

    The Mayor’s final draft Budget also confirms £147.5 million of funding to deliver free school meals for all London’s state primary schoolchildren in 2025-26 – the third year of the historic scheme. Delivering free school meals has been one of Sadiq’s proudest moments as Mayor and he has vowed to continue the scheme for as long as he is in office.

    More than 43 million free school meals were funded in the first year of the scheme, with up to 287,000 children benefitting and families saving more than £1,000 per child over the first two years of the scheme.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Sergey Netesov: “You have to root for the positive”

    Translartion. Region: Russians Fedetion –

    Source: Novosibirsk State University – Novosibirsk State University –

    At the popular science marathon “Darwin Week”, a doctor of biological sciences, professor, academician of the Russian Academy of Sciences, head of the laboratory of bionanotechnology, microbiology and virology spoke with a report “Evolution of a set of respiratory infections” Faculty of Natural Sciences of NSU Sergey Netesov.

    Evolution of the virus

    In Russia, doctors register 28 to 33 million cases of acute respiratory infections every year, but these are official statistics. When seeing a patient, the doctor fills out a statistical form, which is sent for processing to the health authorities, where statistical data is collected. However, not everyone comes to see a therapist, especially if the disease is mild, preferring to endure it “on their feet” or use home remedies to fight the infection. Such patients are not included in these statistics. Therefore, experts assume that the actual number of cases exceeds the official data at least twice.

    Acute respiratory infections (ARI) are caused by viruses, bacteria, mycobacteria and mycoplasma. In addition, most likely not all pathogens of ARI in humans have been discovered yet.

    Previously, doctors officially diagnosed ARVI without specifying the pathogen and specifically – influenza viruses, and even then the diagnosis was made by the doctor, guided only by the symptoms observed in the patient, and the laboratory diagnostic methods that existed before the 2000s were lengthy, inaccurate and insensitive. More or less reliable test systems for diagnosing influenza viruses based on the polymerase chain reaction PCR method appeared only in the late 90s, and for diagnosing other pathogens – only in the last 5-10 years. The data from a study of the causes of ARVI using the example of one of the counties of the state of Michigan (USA), published in 2002, surprised epidemiologists: influenza was not in the leading positions – its share was only 9%, while ordinary coronaviruses – 14%, rhinovirus – 34%. Unknown infections then accounted for 23%. Later, metapneumoviruses were identified, and their share in the structure of pathogens was about 10% in the category that was previously designated as “unknown infections.” Common coronaviruses, as a rule, have “overtaken” the flu in the share of infected people in the last 20-30 years, but did not pose a serious danger in the form of fatalities – until SARS-CoV-2 appeared, which took millions of lives around the world. At the initial stage of the pandemic, it posed a very serious danger with a mortality rate of up to 6%, but over time, due to the evolution into much less pathogenic variants, it almost equaled the mortality rate of the common flu – 0.1 – 0.2%.

    — The high mortality rate from the new coronavirus infection was due to vascular thrombosis, which was classified as a circulatory disease at the initial stages of the pandemic, and a cytokine storm — an overly aggressive immune response of the body to a viral infection. It manifests itself in different ways, depending on the chronic diseases of the infected person — in the form of circulatory diseases, pneumonia, complications of type 1 and type 2 diabetes, and sometimes — digestive organs. In the first six months of the pandemic, there were no reliable diagnostics for SARS-CoV-2 markers. Partly due to this, some cases of death from the new coronavirus infection were attributed to serious chronic diseases that the deceased patients suffered from – diseases of the circulatory system, respiratory system, endocrine system, etc. In addition, unlike most respiratory diseases, people died from the new coronavirus not during the first two weeks of the disease, but within a month or two, so it was believed that the patient’s death was the result of complications rather than an acute viral disease, explained Sergei Netesov.

    Over the past few years, the deadly coronavirus has evolved towards changing its antigenic properties and reducing pathogenicity, and is no longer as dangerous in terms of mortality as before. Large-scale vaccination of the population, as well as the immunity formed in those who have recovered, have also had an effect, but in terms of morbidity, this virus still sometimes outpaces the combined influenza viruses A and B, and mortality from it has not been reduced to zero. Last fall, 20-30 people died from Covid every week in Russia. These were mainly elderly people with serious chronic diseases.

    Currently, another pathogen of ARVI, the respiratory syncytial virus, is no less dangerous in terms of severe progression and mortality. In certain periods of the 2023-2024 season, its share in the causes of the overall incidence of ARVI was 40%. Scientists and doctors have long found out that it is one of the main causes of severe pneumonia in children and the elderly. Since last year, trials of vaccines against this virus have begun in the European Union and the United States.

    In the winter of 2024, rhinovirus was the leading cause of acute respiratory viral infections in Russia. It has unpleasant symptoms because it causes inflammation of the nasal sinuses, but does not pose a danger to humans.

    — Only in rare cases is the cause of ARI or ARVI only one pathogen, more often two or three. It often happens that the same patient has one or two ARI pathogens — viral and one — bacterial. In this case, the picture of the disease becomes complex. Viral infections, as a rule, prepare the ground for infection with pathogenic bacteria, — said Sergey Netesov.

    Reliable protection

    To reduce the risk of severe respiratory viral infections, it is necessary to get vaccinated in a timely manner, and it is advisable for people at increased risk of severe acute respiratory infections to wear medical masks in public places. Sergei Netesov also spoke about the influenza vaccines used in Russia. According to him, it is necessary to choose, if possible, four-component drugs with a share of 15 micrograms of antigens of each subtype of the virus. At the same time, the probability of severe disease is reduced by about 20-30 times. And for unvaccinated people, increased risks of severe acute respiratory infections remain for people with impaired immune systems, diabetics and representatives of other risk groups.

    In favor of the effectiveness of masks, Sergei Netesov noted that the mask will not hold a single viral particle, because the size of its pores is too large for this. But viruses in the form of single particles do not fly through the air. They move on microdroplets of fluids in our bodies, released from the body when talking, singing, coughing or sneezing. But these drops have a larger diameter and do not pass through the pores of the mask. And even the most primitive mask holds about 75-80% of such particles, of course, if you cover both your mouth and nose with it. And for infection, the size of the pathogen dose that a person receives is very important. Reducing this dose often leads to zeroing out the infection or getting a very small dose – then the disease does not develop quickly, and the body copes with it much easier.

    The flu virus is constantly evolving, and this process is aimed at an important goal for it – to “break through” the previous immunity and infect as many carriers – susceptible people – as possible.

    In early 2024, several publications were published in the United States stating that cow milk yields in some regions of the country had begun to decline; later, veterinarians identified the H5N1 subtype of avian influenza in them. The influenza virus of this subtype was first isolated not only from birds, but also from some sick people in 1997 in Singapore, Hong Kong, and Vietnam. The virus also affected people, with a very high mortality rate. The reason was soon revealed: in most cases, it was a rare mutation characteristic of the inhabitants of these countries, in which one of the receptors in their lungs turned out to be similar to a similar receptor in birds. This feature is not typical for residents of other countries. And so in 2024, the virus spread not only among birds, but acquired new mutations and “switched” to cattle and more. Several dead cats that had previously drunk cow’s milk were found near the barns with sick cows. The cause of their death, like the illness of the cows on the farm, was the avian influenza virus. And although humans and animals do not have many common infections, this virus has become one of them. It turned out that at the end of 2023, the virus acquired mutations that allowed it to move from birds to cattle. From the beginning of 2024 to February 2025, 68 cases of infection of dairy and poultry workers were noted worldwide. It seems that this flu virus has not yet spread widely, but careful monitoring of its evolution is necessary.

    Race for survival

    Scientists believe that the more common this subtype of the virus becomes, the more likely it is to acquire a combination of mutations that will increase the risk of infection in humans. On the other hand, this subtype of flu has been circulating in various bird species and causing rare sporadic infections in humans for more than two decades, but so far there has been no pandemic. This is one of those cases where a pandemic could start next week or never.

    — Not only pathogens of viral diseases evolve, but also our immune system. It is a kind of race. Therefore, it is necessary to study not only pathogens, but also the parameters of our immunity. Increase the number and effectiveness of vaccines, increase the volume of vaccination. This really improves the quality of life of the population and increases its duration. At the same time, long-term monitoring studies are needed to study the occurrence of pathogens, their molecular genetic diversity and molecular evolution, including drug resistance. Russia has the necessary instrumental and material-reactive bases, including its own high-tech production of many (but not all) modern vaccines and diagnostics. But their wider implementation in practice is required. It is also necessary to develop new vaccines against a number of viral and bacterial pathogens. Unfortunately, so far the diagnostic algorithms in our compulsory insurance medicine have been worked out to a minimum — primarily due to underfunding. But it is possible to distinguish a bacterial infection from a viral one using a very simple test for the content of procalcitonin and some other markers in the blood, said Sergei Netesov.

    The scientist also noted that when fighting a viral disease, regardless of what virus caused it, the patient’s psychological state and the support of loved ones are also important. It is important to be sick in a good mood, then recovery will be faster.

    — You should always be positive when you are sick! A person with a bad emotional background is objectively sicker. You need to look to the future with confidence and optimism and tell your body: “Get well.” The human body is a very complex unified system, where all components influence each other. In this case, you need to establish positive feedback between the body and the brain, try to create a good mood for yourself and, of course, follow all the doctor’s recommendations, — said Sergey Netesov.

    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 New Zealand: Bills aim to boost justice and reduce regulation

    Source: New Zealand Government

    Improving people’s experience with the Justice system is at the heart of a package of Bills which passed its first reading today Associate Justice Minister Nicole McKee says. 

    “The 63 changes in these Bills will deliver real impacts for everyday New Zealanders. The changes will improve court timeliness and efficiency, boost access to justice, and reduce regulatory burdens,” Mrs McKee says.

    The Regulatory Systems (Courts) Amendment Bill will enable coroners to better direct their resources to where they are most needed, and in doing so reduce wait-times and uncertainty for grieving families.

    “We are enabling coroners’ cases to be dealt with more efficiently, which will mean families and whānau will receive coroners’ findings sooner. 

    “This Bill also strengthens the protections for witnesses and informants. It clarifies that information which may lead to the identification of the address of the place where a witness or informant works cannot be disclosed to the defendant, except in specific circumstances. This will increase safety and privacy for witnesses and informants,” Mrs McKee says. 

    The Regulatory Systems (Tribunals) Amendment Bill will increase access to justice by allowing the Disputes Tribunal to order the respondent to pay the filing fee to successful claimants. 

    This will make the system fairer for successful applicants to the Disputes Tribunal by enabling them to be reimbursed for the costs of enforcing their legal rights. 

    This Bill will also allow the Private Security Personnel Licensing Authority to accept complaints about people who are allegedly working without a licence or certificate of approval. This amendment will help to ensure that people working in the security industry are appropriately licensed and qualified. This should have a positive impact on public safety. 

    The final Bill in the package, the Regulatory Systems (Occupational Regulation) Amendment Bill, will increase operational efficiencies for regulators, reduce the burden of compliance and ensure services are performed with reasonable care and skill.

    “This Bill will reduce the burden of regulatory compliance by removing the current five-year disqualification period for failure to complete a real estate agent’s continuing professional development requirement. No other profession has this disqualification period. It is a disproportionate response that stops people from working in their chosen profession for five years,” Mrs McKee says.

    “It is clear that the justice system touches the lives of many people. We understand that engaging with the justice system can be frustrating, stressful, and confusing. These Bills are delivering on this Government’s commitment to improve access to justice, court timeliness, and the quality of existing regulation.”

    MIL OSI New Zealand News –

  • MIL-OSI: Telefónica selects Nokia Packet Core to deliver superior network quality for enterprises in Spain #MWC25

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Telefónica selects Nokia Packet Core to deliver superior network quality for enterprises in Spain #MWC25

    • Nokia Packet Core solutions will support Telefónica in rolling out 4G and 5G low latency services and other use cases to the operator’s enterprise customers.
    • Telefónica will deploy the Nokia cloud-native software solutions on top of its telco cloud and as packet core appliances on enterprise premises.

    18 February 2025
    Espoo, Finland – Telefónica, the top operator in Spain for enterprise customers, has selected Nokia’s Packet Core solution to enhance the scale, capacity, performance, and reliability of its 4G and 5G network for enterprise customers in the country while simplifying its network architecture.

    Nokia Packet Core solutions will support Telefónica in rolling out low-latency services like drone control, robotics and industrial applications, smart metering that enables real-time monitoring and billing for utility consumers, and other use cases to the operator’s enterprise customers.

    Telefónica and Nokia already collaborate on a host of other network technologies, including 5G RAN, XGSPON, IP and Optical transport, network analytics, and network APIs. Telefónica will deploy Nokia Cloud Mobile Gateway and Nokia Mediation on its telco cloud, providing flexibility and operational efficiencies with its multi-vendor and multi-cloud capabilities.

    Nokia Cloud Mobile Gateway will enable Telefonica to more efficiently manage and route user traffic for enterprises, a key operator growth area.

    Erez Sverdlov, Vice President, Cloud and Network Services Market Leader for Europe at Nokia, said: “We are pleased to support Telefónica in strengthening the enterprise customer experience in Spain. Beyond better data capacity, latency, and reliability, our packet core will also provide a local breakout of user traffic with our latest generation appliances, providing reduced latency and improved security.”

    Nokia had the most 5G Standalone Core communication service provider customers, with 123 in total, at the end of 2024.

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

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

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

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

    Follow us on social media
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    The MIL Network –

  • MIL-OSI United Kingdom: National Insurance: Labour should be taxing wealthy not cutting services

    Source: Scottish Greens

    18 Feb 2025 Economy

    Labour’s National Insurance hike could do serious damage to vital services.

    More in Economy

    Unless Labour’s increase on Employer National Insurance Contributions is funded it could have a devastating impact on Scotland’s services, says Scottish Green co-leader Lorna Slater.

    Ms Slater, who was speaking ahead of a Scottish Government debate on the increase, has urged the UK government to introduce a wealth tax which would raise far more funding while ensuring it is the best-off that are paying the most rather than causing anxiety and possibly cuts by implementing a tax increase on service providers.

    Ms Slater said:

    “Without full funding, this increase could do a lot of damage to vital services like health and social care as well as punishing small businesses and charities.

    “There is more than enough money to ensure that services are fully funded and that everyone can have security and a good standard of living, but so much of it is being hoarded by a small number of very wealthy people.

    “Labour has refused to provide clarity about how it will offset the costs it is choosing to inflict.

    “It’s a cowardly move which has been done to avoid raising taxes on the richest people, including the ones who bankroll the Labour Party.

    “Rather than saddling overstretched service providers with anxiety and extra costs, the Prime Minister and his chancellor should be asking the super wealthy to pay their fair share.”

    Analysis from the University of Greenwich shows that a wealth tax starting at a marginal rate of 1%, rising to 5% for those with £5.7 million and above (the richest 0.5%), and 10% for those with £18.2 million (the richest 0.15%) would raise over £70 billion a year.

    MIL OSI United Kingdom –

  • MIL-OSI: IDEX Biometrics ASA – Update on Arbitration Award

    Source: GlobeNewswire (MIL-OSI)

    Reference is made to the announcement by IDEX Biometrics ASA (“IDEX”) on 28 January 2025 regarding the arbitration decision on 27 January 2025 on the dispute between IDEX and Zwipe AS (“Zwipe”), whereby the arbitrator held in favor of IDEX on all counts. The due date for payments by Zwipe was 14 days from the date of the arbitration decision.

    Following such due date, because of Zwipe’s financial situation, as communicated by Zwipe on Euronext Oslo Børs, IDEX has engaged in discussions with Zwipe about a payment plan for the arbitration award. However, such discussions effectively ended when Zwipe on 17 February 2025 announced that it will file for bankruptcy with the Oslo District Court.

    While Zwipe has paid the arbitration costs, Zwipe has made no payment to IDEX in compliance with the arbitration award.

    This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5 -12 of the Norwegian Securities Trading Act. This stock exchange release was published by Marianne Bøe, Head of Investor Relations, on 18 February 2025 at 08:50 CET.

    For further information contact:
    Marianne Bøe, Head of Investor Relations, +47 91800186
    Kristian Flaten, CFO, +47 95092322
    E-mail:ir@idexbiometrics.com

    About IDEX Biometrics
    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.

    For more information, visit www.idexbiometrics.com

    Trademark Statement
    IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders.

    The MIL Network –

  • MIL-OSI Russia: Limits instead of blocking – banks will receive new tools for working with clients from the fraudsters’ database

    Translartion. Region: Russians Fedetion –

    Sours: Mainfin Bank –

    Why is the Central Bank of the Russian Federation easing restrictions on suspicious individuals?

    Federal Law No. 161 regulates the procedure for blocking accounts of clients whose data is contained in a unified database of information on cases of transactions carried out without consent. Also bank has the right to suspend service if information about fraud came from law enforcement agencies. However, tough measures affected not only real criminals – the accounts of legitimate citizens whose data were stolen and used to issue, for example, virtual kart.

    The easing of restrictions is aimed specifically at protecting honest clients who themselves suffered at the hands of fraudsters. Such persons will be able to use bank cards during the inspections, including transfers, but with a maximum amount limit. The sanctions will be completely lifted only after the information is removed from the Central Bank database.

    How will banks respond to suspicious transactions?

    The amendments currently being considered by the State Duma introduce a gradation of measures against suspicious citizens. It is assumed that after the bill is adopted:

    a complete blocking of banking services will be carried out only for clients included in the Central Bank of the Russian Federation database in the presence of an open criminal case; partial restrictions (transfer limit of 100 thousand rubles per month) will be allowed to be set by banks for persons included in the fraudsters database, but who were not subsequently involved in dubious schemes; clients from the “green zone” who were not included in the database or subject to measures of influence by the law enforcement system will be able to be served without restrictions.

    “Partial restrictions will be used when the amount of information received is insufficient, for example, when there are doubts that the client was involved in fraudulent schemes,” the lawyer notes.

    Experts are confident that the relaxations will not affect obvious drops – intermediaries in the activities of fraudsters will continue to be effectively blocked. The choice of restrictive measures will fall on the bank – credit institutions will be able to independently introduce bans and blocking depending on the nature of suspicions.

    09:55 02/18/2025

    Source:

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //Mainfin.ru/novosti/ Limits-Vesta-Blokovka-Banki-Recychata-New-Instruments-Forms-S-Clients-BAZ-OILENS

    MIL OSI Russia News –

  • MIL-OSI: Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 March 2025 – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    THIS ANNOUNCEMENT IS PUBLISHED PURSUANT TO SECTION 9(4) AND (5) AND SECTION 21(3) OF EXECUTIVE ORDER NO. 636 OF 15 MAY 2020

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

    Publication of supplement concerning extension of offer period for Nykredit’s recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 March 2025

    18 February 2025

    Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 March 2025

    In accordance with section 4(1) of the Danish Takeover Order1, Nykredit Realkredit A/S (“Nykredit”) announced on 10 December 2024 that Nykredit intended to submit a voluntary public tender offer (the “Offer”) to acquire all shares in Spar Nord Bank A/S (“Spar Nord Bank”), with the exception of Spar Nord Bank’s treasury shares, for a cash price of DKK 210 per share, valuing the aggregated issued share capital of Spar Nord Bank at DKK 24.7 billion.

    On 8 January 2025, Nykredit published the offer document regarding the Offer (the “Offer Document”), as approved by the Danish FSA in accordance with section 11 of the Danish Takeover Order.

    Today, Nykredit published a supplement (the “Supplement”) to the Offer Document, which extends the Offer Period for the Offer. The Supplement has been approved by the Danish FSA on 18 February 2025 in accordance with section 9(4) and section 9(5) of the Danish Takeover Order.

    Under the Offer document, the offer period is set to expire on 19 February 2025 at 23:59 (CET) (the “Initial Offer Period”).

    With the Supplement, Nykredit extends the Initial Offer Period, such that the Offer will expire on 20 March 2025 at 23:59 (CET). Subsequently, any reference to the “Offer Period” in the Offer Document or other documents relating to the Offer will refer to the period commencing on the day of publication of the Offer Document on 8 January 2025 and ending on 20 March 2025 at 23:59 (the “Extended Offer Period”).

    The purpose of the extension is to provide Nykredit with more time to obtain the approval from the Danish Competition and Consumer Authority required to complete the Offer. The process to obtain such approval from the Danish Competition and Consumer Authority is proceeding as planned.

    If the approval from the Danish Competition and Consumer Authority has not been granted by the expiry of the Extended Offer Period, Nykredit expects to extend the Extended Offer Period further.

    The extension of the Initial Offer Period entails that the expected completion of the Offer and settlement of the Offer Price to the Spar Nord Bank shareholders who have accepted the Offer will be extended correspondingly. Completion is subsequently expected to take place on 28 March 2025.

    At the time of this announcement, Nykredit holds 32.44 per cent of the shares in Spar Nord Bank, and on 4 February 2025 Nykredit released an announcement to the effect that a preliminary compilation of the acceptances that Nykredit is aware of indicates that the 67 per cent acceptance limit of the Offer has been achieved. The final result of the Offer will be determined on expiry of the Offer Period and published in accordance with section 21(3) of the Danish Takeover Order.

    The full terms and conditions of the Offer are contained in the Offer Document as amended by the Supplement. The Offer Document and the Supplement are published in the Danish FSA’s OAM database: https://oam.finanstilsynet.dk/ and can also, with certain restrictions, be accessed at https://www.nykredit.com/kobstilbud-spar-nord/ and https://www.sparnord.dk/investor-relations/overtagelsestilbud.

    About Spar Nord Bank

    Spar Nord Bank was founded in 1824 and is now a nationwide bank with 58 branches. Spar Nord Bank offers all types of financial services, consultancy and products, focusing its business on retail customers and primarily small and medium-sized enterprises (SMEs) in the local areas in which the bank is represented. The bank is also focused on leasing operations and large corporate customers, which are both business areas handled by the head offices.

    Spar Nord Bank has historically been rooted in northern Jutland and continues to be a market leader in this region. However, in the period from 2002 to 2024, Spar Nord Bank has established and acquired branches outside northern Jutland. Over the course of the years, the bank has adjusted its branch network in an ongoing process and now has a nationwide distribution network comprising 58 branches. These 58 branches are distributed on 32 banking areas, each of which is headed by a manager reporting directly to the bank’s executive board.

    The Spar Nord Bank Group consists of two earnings entities: Spar Nord Bank’s branches and the Trading Division. As an entity, the Trading Division serves customers from Spar Nord Bank’s branches as well as large retail customers and institutional clients in the field of equities, bonds, fixed income and forex products, asset management and international transactions. Finally, under the concept Sparxpres, the bank offers consumer loans to personal customers through Sparxpres’ platform as well as debt consolidation loans and consumer financing via retail stores and gift voucher solutions via shopping centres and city associations.

    About Nykredit

    Nykredit Realkredit A/S (“Nykredit”) is a public limited company incorporated under the laws of Denmark, company reg. (CVR) no. 12 71 92 80, having its registered office at Sundkrogsgade 25, 2150 Nordhavn, Denmark. Nykredit is a mortgage credit institution and, together with its wholly-owned subsidiary Totalkredit A/S, is a market leader of the Danish mortgage credit market with a market share of some 45.2 per cent. Nykredit offers mortgage financing for private individuals and businesses.

    Nykredit is part of the Nykredit Group, which historically dates back to 1851. In addition to carrying on mortgage credit business, the Group carries on banking business through Nykredit Bank – including banking and wealth management operations – and has a total of around 4,000 employees in Denmark.

    Nykredit is owned by an association of the Nykredit Group’s customers, Forenet Kredit. Forenet Kredit owns close to 80 per cent of Nykredit’s shares. Other major shareholders are five Danish pension funds: Akademikernes Pension AP Pension, PensionDanmark, PFA and PKA.

    Nykredit is known for the advantages offered through the association. Forenet Kredit makes capital contributions to the Nykredit Group when times are good, and Nykredit has decided to pass these on to its customers.

    Since, 2017, Forenet Kredit has paid over DKK 8 billion in capital contributions to the Nykredit Group, and in the period to 2027, Forenet Kredit has provided a further DKK 7 billion.

    Questions and further information

    Any questions concerning the Offer may be directed to:

    Nykredit Bank A/S

    Company reg. (CVR) no.: 10 51 96 08

    Sundkrogsgade 25

    2150 Nordhavn
    Denmark

    Telephone: +45 7010 9000

    and

    Carnegie Investment Bank

    Filial af Carnegie Investment Bank AB (publ), Sverige

    Company reg. (CVR) no. 35 52 12 67

    Overgaden Neden Vandet 9 B

    1414 Copenhagen K
    Denmark

    E-mail: annette.hansen@carnegie.dk

    For further information about the Offer, please see: https://www.nykredit.com/kobstilbud-spar-nord/.

    This announcement and the Offer Document (with Supplement) are not directed at shareholders of Spar Nord Bank A/S whose participation in the Offer would require the issuance of an offer document, registration or activities other than what is required under Danish law (and, in the case of shareholders in the United States of America, Section 14(e) of, and applicable provisions of Regulation 14E promulgated under, the US Securities Exchange Act of 1934, as amended). The Offer is not made and will not be made, directly or indirectly, to shareholders resident in any jurisdiction in which the submission of the Offer or acceptance thereof would be in contravention of the laws of such jurisdiction. Any person coming into possession of this announcement, the Offer Document or any other document containing a reference to the Offer is expected and assumed to independently obtain all necessary information about any applicable restrictions and to observe these.

    This announcement does not constitute an offer or an invitation to purchase securities or a solicitation of an offer to purchase securities in accordance with the Offer or otherwise. The Offer will be submitted only in the form of the Offer Document (with Supplement) approved by the FSA, which sets out the full terms and conditions of the Offer, including information on how to accept the Offer. The shareholders of Spar Nord Bank are advised to read the Offer Document and any related documents as they contain important information.

    Restricted jurisdictions

    The Offer is not made, and acceptance of the Offer to tender Spar Nord Bank Shares is not accepted, neither directly nor indirectly, in or from any jurisdiction in which the making or acceptance of the Offer would not be in compliance with the laws of such jurisdiction or would require any registration, approval or any other measures with any regulatory authority not expressly contemplated by the Offer Document (the “Restricted Jurisdictions”). Neither the United States nor the United Kingdom is a Restricted Jurisdiction.

    Restricted Jurisdictions include, but are not limited to: Australia, Canada, Hong Kong, Japan, New Zealand and South Africa.

    Persons obtaining documents or information relating to the Offer (including custodians, account holding institutions, nominees, trustees, representatives, fiduciaries or other intermediaries) should not distribute, communicate, transfer or send these in or into a Restricted Jurisdiction or use mail or any other means of communication in or into a Restricted Jurisdiction in connection with the Offer. Persons (including, but not limited to, custodians, custodian banks, nominees, trustees, representatives, fiduciaries or other intermediaries) intending to communicate this announcement, the Supplement, the Offer Document or any related document to any jurisdiction outside Denmark or the United States should inform themselves about these restrictions before taking any action. Any failure to comply with these restrictions may constitute a violation of the Laws of such jurisdiction, including securities Laws. It is the responsibility of all Persons obtaining announcement, the Supplement, the Offer Document, an acceptance form and/or other documents relating to the Offer, or into whose possession such documents otherwise come, to inform themselves about and observe all such restrictions.

    Nykredit is not responsible for ensuring that the distribution, dissemination or communication of this announcement, the Supplement or the Offer Document to Shareholders outside Denmark, the United States and the United Kingdom is consistent with applicable Law in any jurisdiction other than Denmark, the United States and the United Kingdom.

    Important Information for Shareholders in the United States

    The Offer concerns the shares in Spar Nord Bank, a public limited liability company incorporated and admitted to trading on a regulated market in Denmark, and is subject to the disclosure and procedural requirements of Danish law, including the Danish capital markets act and the Danish takeover order.

    The Offer is being made to shareholders in Spar Nord Bank in the United States in compliance with the applicable US tender offer rules under the U.S. Securities Exchange Act of 1934, as amended, (the “U.S. Exchange Act”), including Regulation 14E promulgated thereunder, subject to the relief available for a “Tier II” tender offer, and otherwise in accordance with the requirements of Danish law and practice

    Accordingly, US Spar Nord Bank shareholders should be aware that this announcement and any other documents regarding the Offer have been prepared in accordance with, and will be subject to, the disclosure and other procedural requirements, including with respect to withdrawal rights, the Offer timetable, settlement procedures and timing of payments of Danish law and practice, which may differ materially from those applicable under US domestic tender offer law and practice. In addition, the financial information contained in this announcement or the Offer Document has not been prepared in accordance with generally accepted accounting principles in the United States, or derived therefrom, and may therefore differ from, or not be comparable with, financial information of US companies.

    In accordance with the laws of, and practice in, Denmark and to the extent permitted by applicable law, including Rule 14e-5 under the U.S. Exchange Act, Nykredit, Nykredit’s affiliates or any nominees or brokers of the foregoing (acting as agents, or in a similar capacity, for Nykredit or any of its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase, or arrange to purchase, outside of the United States, shares in Spar Nord Bank or any securities that are convertible into, exchangeable for or exercisable for such shares in Spar Nord Bank before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases will be announced via Nasdaq Copenhagen and relevant electronic media if, and to the extent, such announcement is required under applicable law. To the extent information about such purchases or arrangements to purchase is made public in Denmark, such information will be disclosed by means of a press release or other means reasonably calculated to inform US shareholders of Spar Nord Bank of such information.

    In addition, subject to the applicable laws of Denmark and US securities laws, including Rule 14e-5 under the U.S. Exchange Act, the financial advisers to Nykredit or their respective affiliates may also engage in ordinary course trading activities in securities of Spar Nord Bank, which may include purchases or arrangements to purchase such securities.

    It may not be possible for US shareholders to effect service of process within the United States upon Spar Nord Bank, Nykredit or any of their respective affiliates, or their respective officers or directors, some or all of which may reside outside the United States, or to enforce against any of them judgments of the United States courts predicated upon the civil liability provisions of the federal securities laws of the United States or other US law. It may not be possible to bring an action against Nykredit, Spar Nord Bank and/or their respective officers or directors (as applicable) in a non-US court for violations of US laws. Further, it may not be possible to compel Nykredit and Spar Nord Bank or their respective affiliates, as applicable, to subject themselves to the judgment of a US court. In addition, it may be difficult to enforce in Denmark original actions, or actions for the enforcement of judgments of US courts, based on the civil liability provisions of the US federal securities laws.

    The Offer, if completed, may have consequences under US federal income tax and under applicable US state and local, as well as non-US, tax laws. Each shareholder of Spar Nord Bank is urged to consult its independent professional adviser immediately regarding the tax consequences of the Offer.

    NEITHER THE U.S. SECURITIES AND EXCHANGE COMMISSION NOR ANY SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY IN ANY STATE OF THE U.S. HAS APPROVED OR DECLINED TO APPROVE THE OFFER OR THIS ANNOUNCEMENT, PASSED UPON THE FAIRNESS OR MERITS OF THE OFFER OR PROVIDED AN OPINION AS TO THE ACCURACY OR COMPLETENESS OF THIS ANNOUNCEMENT OR ANY OFFER DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.

    1 Executive Order no. 636 of 15 May 2020

    Attachment

    The MIL Network –

  • MIL-OSI: Morrisons Partners with Quadient for Convenient Parcel Delivery at its Morrisons Daily Stores

    Source: GlobeNewswire (MIL-OSI)

    Paris

    Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, today announced a new partnership with Morrisons. The partnership will see Parcel Pending by Quadient parcel lockers installed at 230 Morrisons Daily stores by spring 2025.

    All of Morrisons circ. 1,000 wholly owned Morrisons Daily convenience stores have a parcel solution offer and this new partnership will enable consumers to pick up and return parcels securely from Royal Mail, Evri, DPD and UPS.

    Michael Weightman, Convenience Trading Director at Morrisons, said, “Customers have told us that they want a broader range of services when it comes to parcel pickups and returns so we’re delighted to be expanding the options available at our Morrisons Daily stores via this partnership with Quadient.”

    Quadient’s consumer research shows that people appreciate the positive impact businesses make by hosting lockers, for instance reducing traffic on local roads by decreasing the volume of delivery van journeys. The research also uncovered a tangible benefit for retailers; when visiting lockers hosted at stores, more than half of consumers make additional purchases.

    “Our lockers seamlessly integrate into people’s daily routines, making parcel pickup and drop-off more convenient than ever. This partnership with Morrisons Daily will enhance accessibility for communities across the UK,” said Katia Bourgeais Crémel, Director, Lockers Automation for Europe at Quadient. “Our vision is to build an open, carrier-agnostic locker network that provides consumers with greater flexibility and retailers with new opportunities to engage customers—driving footfall, enhancing the shopping experience and boosting in-store sales.”

    Quadient’s secure parcel lockers automatically notify customers when parcels are ready for collection, providing a pickup code and barcode customers use to open the secure locker compartments. Customers returning items may use the lockers’ built-in label printer, meaning they may send items back even if they don’t have a printer at home.

    Quadient continues to expand its locker network across key markets in the U.S., Japan and Europe. With more than 25,000 units now installed worldwide, the company continues to progress toward its long-term goal of deploying 40,000 units globally by 2030. Learn more at parcelpending.com/en-gb.

    About Morrisons

    Morrisons has a rich history that dates back to 1899 when William Morrison first opened an egg and butter stall in Bradford. 125 years on, customers continue to enjoy our great quality British food and our Market Street heritage is clear to see in our c. 500 stores where skilled colleagues such as our butchers, fishmongers, and bakers proudly make and serve customers fresh food every day.

    As well as our supermarkets, we also have 1,600 Morrisons Daily convenience stores—around 600 of which are franchise stores—and an online delivery service where our customers can order their groceries from the comfort of their own home and have them delivered by us or one of our partners including Amazon, Deliveroo and Just Eat.

    We also have our own manufacturing business – Myton Food Group – spread across 18 sites where we pack and process fresh meats and fish, savoury and sweet pies, fruit and veg, flower bouquets, bread and more. As a result, we’re proud to be British farming’s single biggest direct customer.

    Our wholesale business serves customers across the UK and further afield through our extensive network of national and regional distribution depots.

    About Quadient®
    Quadient is a global automation platform powering secure and sustainable business connections through digital and physical channels. Quadient supports businesses of all sizes in their digital transformation and growth journey, unlocking operational efficiency and creating meaningful customer experiences. Listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small and EnterNext® Tech 40 indices, Quadient shares are eligible for PEA-PME investing. For more information about Quadient, visit www.quadient.com.

    Quadient UK press contact:
    Dominic Walsh, Spark Communications +44 (0)20 7436 0420 or quadient@sparkcomms.co.uk

    Attachments

    The MIL Network –

  • MIL-OSI: Terranet invites to presentation of Year-end report on February 19, 2025

    Source: GlobeNewswire (MIL-OSI)

    On February 19th 2025, Terranet AB (publ) will release its Year-end report for 2024. On the same day at 10 a.m. CET, the company’s Acting CEO Dan Wahrenberg and CTO Pierre Ekwall will provide an update on the operations in a webcast.

    The event will be broadcast digitally and is open to the public. The presentation will be held in English. Via the webcast, there is an opportunity to ask written questions.

    Link to the webcast:  https://terranet.events.inderes.com/q4-report-2024
    A recording of the presentation will be available afterwards on Terranet’s website.

    For more information, please contact:        
    Dan Wahrenberg, Acting CEO
    E-mail: dan.wahrenberg@terranet.se

    About Terranet AB (publ)
    Terranet’s goal is to save lives in urban traffic. The company develops innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Terranet’s anti-collision system BlincVision laser scans and detects road objects up to ten times faster than any other ADAS technology available today.

    The company is headquartered in Lund, with offices in Gothenburg and Stuttgart. Since 2017, Terranet has been listed on Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B). Follow our journey at: www.terranet.se

    Attachment

    The MIL Network –

  • MIL-OSI: Correction: Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 March 2025 – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    THIS ANNOUNCEMENT IS PUBLISHED PURSUANT TO SECTION 9(4) AND (5) AND SECTION 21(3) OF EXECUTIVE ORDER NO. 636 OF 15 MAY 2020

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

    Publication of supplement concerning extension of offer period for Nykredit’s recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 March 2025

    18 February 2025

    Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 March 2025

    In accordance with section 4(1) of the Danish Takeover Order1, Nykredit Realkredit A/S (“Nykredit”) announced on 10 December 2024 that Nykredit intended to submit a voluntary public tender offer (the “Offer”) to acquire all shares in Spar Nord Bank A/S (“Spar Nord Bank”), with the exception of Spar Nord Bank’s treasury shares, for a cash price of DKK 210 per share, valuing the aggregated issued share capital of Spar Nord Bank at DKK 24.7 billion.

    On 8 January 2025, Nykredit published the offer document regarding the Offer (the “Offer Document”), as approved by the Danish FSA in accordance with section 11 of the Danish Takeover Order.

    Today, Nykredit published a supplement (the “Supplement”) to the Offer Document, which extends the Offer Period for the Offer. The Supplement has been approved by the Danish FSA on 18 February 2025 in accordance with section 9(4) and section 9(5) of the Danish Takeover Order.

    Under the Offer document, the offer period is set to expire on 19 February 2025 at 23:59 (CET) (the “Initial Offer Period”).

    With the Supplement, Nykredit extends the Initial Offer Period, such that the Offer will expire on 20 March 2025 at 23:59 (CET). Subsequently, any reference to the “Offer Period” in the Offer Document or other documents relating to the Offer will refer to the period commencing on the day of publication of the Offer Document on 8 January 2025 and ending on 20 March 2025 at 23:59 (the “Extended Offer Period”).

    The purpose of the extension is to provide Nykredit with more time to obtain the approval from the Danish Competition and Consumer Authority required to complete the Offer. The process to obtain such approval from the Danish Competition and Consumer Authority is proceeding as planned.

    If the approval from the Danish Competition and Consumer Authority has not been granted by the expiry of the Extended Offer Period, Nykredit expects to extend the Extended Offer Period further.

    The extension of the Initial Offer Period entails that the expected completion of the Offer and settlement of the Offer Price to the Spar Nord Bank shareholders who have accepted the Offer will be extended correspondingly. Completion is subsequently expected to take place on 28 March 2025.

    At the time of this announcement, Nykredit holds 32.44 per cent of the shares in Spar Nord Bank, and on 4 February 2025 Nykredit released an announcement to the effect that a preliminary compilation of the acceptances that Nykredit is aware of indicates that the 67 per cent acceptance limit of the Offer has been achieved. The final result of the Offer will be determined on expiry of the Offer Period and published in accordance with section 21(3) of the Danish Takeover Order.

    The full terms and conditions of the Offer are contained in the Offer Document as amended by the Supplement. The Offer Document and the Supplement are published in the Danish FSA’s OAM database: https://oam.finanstilsynet.dk/ and can also, with certain restrictions, be accessed at https://www.nykredit.com/kobstilbud-spar-nord/ and https://www.sparnord.dk/investor-relations/overtagelsestilbud.

    About Spar Nord Bank

    Spar Nord Bank was founded in 1824 and is now a nationwide bank with 58 branches. Spar Nord Bank offers all types of financial services, consultancy and products, focusing its business on retail customers and primarily small and medium-sized enterprises (SMEs) in the local areas in which the bank is represented. The bank is also focused on leasing operations and large corporate customers, which are both business areas handled by the head offices.

    Spar Nord Bank has historically been rooted in northern Jutland and continues to be a market leader in this region. However, in the period from 2002 to 2024, Spar Nord Bank has established and acquired branches outside northern Jutland. Over the course of the years, the bank has adjusted its branch network in an ongoing process and now has a nationwide distribution network comprising 58 branches. These 58 branches are distributed on 32 banking areas, each of which is headed by a manager reporting directly to the bank’s executive board.

    The Spar Nord Bank Group consists of two earnings entities: Spar Nord Bank’s branches and the Trading Division. As an entity, the Trading Division serves customers from Spar Nord Bank’s branches as well as large retail customers and institutional clients in the field of equities, bonds, fixed income and forex products, asset management and international transactions. Finally, under the concept Sparxpres, the bank offers consumer loans to personal customers through Sparxpres’ platform as well as debt consolidation loans and consumer financing via retail stores and gift voucher solutions via shopping centres and city associations.

    About Nykredit

    Nykredit Realkredit A/S (“Nykredit”) is a public limited company incorporated under the laws of Denmark, company reg. (CVR) no. 12 71 92 80, having its registered office at Sundkrogsgade 25, 2150 Nordhavn, Denmark. Nykredit is a mortgage credit institution and, together with its wholly-owned subsidiary Totalkredit A/S, is a market leader of the Danish mortgage credit market with a market share of some 45.2 per cent. Nykredit offers mortgage financing for private individuals and businesses.

    Nykredit is part of the Nykredit Group, which historically dates back to 1851. In addition to carrying on mortgage credit business, the Group carries on banking business through Nykredit Bank – including banking and wealth management operations – and has a total of around 4,000 employees in Denmark.

    Nykredit is owned by an association of the Nykredit Group’s customers, Forenet Kredit. Forenet Kredit owns close to 80 per cent of Nykredit’s shares. Other major shareholders are five Danish pension funds: Akademikernes Pension AP Pension, PensionDanmark, PFA and PKA.

    Nykredit is known for the advantages offered through the association. Forenet Kredit makes capital contributions to the Nykredit Group when times are good, and Nykredit has decided to pass these on to its customers.

    Since, 2017, Forenet Kredit has paid over DKK 8 billion in capital contributions to the Nykredit Group, and in the period to 2027, Forenet Kredit has provided a further DKK 7 billion.

    Questions and further information

    Any questions concerning the Offer may be directed to:

    Nykredit Bank A/S

    Company reg. (CVR) no.: 10 51 96 08

    Sundkrogsgade 25

    2150 Nordhavn
    Denmark

    Telephone: +45 7010 9000

    and

    Carnegie Investment Bank

    Filial af Carnegie Investment Bank AB (publ), Sverige

    Company reg. (CVR) no. 35 52 12 67

    Overgaden Neden Vandet 9 B

    1414 Copenhagen K
    Denmark

    E-mail: annette.hansen@carnegie.dk

    For further information about the Offer, please see: https://www.nykredit.com/kobstilbud-spar-nord/.

    This announcement and the Offer Document (with Supplement) are not directed at shareholders of Spar Nord Bank A/S whose participation in the Offer would require the issuance of an offer document, registration or activities other than what is required under Danish law (and, in the case of shareholders in the United States of America, Section 14(e) of, and applicable provisions of Regulation 14E promulgated under, the US Securities Exchange Act of 1934, as amended). The Offer is not made and will not be made, directly or indirectly, to shareholders resident in any jurisdiction in which the submission of the Offer or acceptance thereof would be in contravention of the laws of such jurisdiction. Any person coming into possession of this announcement, the Offer Document or any other document containing a reference to the Offer is expected and assumed to independently obtain all necessary information about any applicable restrictions and to observe these.

    This announcement does not constitute an offer or an invitation to purchase securities or a solicitation of an offer to purchase securities in accordance with the Offer or otherwise. The Offer will be submitted only in the form of the Offer Document (with Supplement) approved by the FSA, which sets out the full terms and conditions of the Offer, including information on how to accept the Offer. The shareholders of Spar Nord Bank are advised to read the Offer Document and any related documents as they contain important information.

    Restricted jurisdictions

    The Offer is not made, and acceptance of the Offer to tender Spar Nord Bank Shares is not accepted, neither directly nor indirectly, in or from any jurisdiction in which the making or acceptance of the Offer would not be in compliance with the laws of such jurisdiction or would require any registration, approval or any other measures with any regulatory authority not expressly contemplated by the Offer Document (the “Restricted Jurisdictions”). Neither the United States nor the United Kingdom is a Restricted Jurisdiction.

    Restricted Jurisdictions include, but are not limited to: Australia, Canada, Hong Kong, Japan, New Zealand and South Africa.

    Persons obtaining documents or information relating to the Offer (including custodians, account holding institutions, nominees, trustees, representatives, fiduciaries or other intermediaries) should not distribute, communicate, transfer or send these in or into a Restricted Jurisdiction or use mail or any other means of communication in or into a Restricted Jurisdiction in connection with the Offer. Persons (including, but not limited to, custodians, custodian banks, nominees, trustees, representatives, fiduciaries or other intermediaries) intending to communicate this announcement, the Supplement, the Offer Document or any related document to any jurisdiction outside Denmark or the United States should inform themselves about these restrictions before taking any action. Any failure to comply with these restrictions may constitute a violation of the Laws of such jurisdiction, including securities Laws. It is the responsibility of all Persons obtaining announcement, the Supplement, the Offer Document, an acceptance form and/or other documents relating to the Offer, or into whose possession such documents otherwise come, to inform themselves about and observe all such restrictions.

    Nykredit is not responsible for ensuring that the distribution, dissemination or communication of this announcement, the Supplement or the Offer Document to Shareholders outside Denmark, the United States and the United Kingdom is consistent with applicable Law in any jurisdiction other than Denmark, the United States and the United Kingdom.

    Important Information for Shareholders in the United States

    The Offer concerns the shares in Spar Nord Bank, a public limited liability company incorporated and admitted to trading on a regulated market in Denmark, and is subject to the disclosure and procedural requirements of Danish law, including the Danish capital markets act and the Danish takeover order.

    The Offer is being made to shareholders in Spar Nord Bank in the United States in compliance with the applicable US tender offer rules under the U.S. Securities Exchange Act of 1934, as amended, (the “U.S. Exchange Act”), including Regulation 14E promulgated thereunder, subject to the relief available for a “Tier II” tender offer, and otherwise in accordance with the requirements of Danish law and practice

    Accordingly, US Spar Nord Bank shareholders should be aware that this announcement and any other documents regarding the Offer have been prepared in accordance with, and will be subject to, the disclosure and other procedural requirements, including with respect to withdrawal rights, the Offer timetable, settlement procedures and timing of payments of Danish law and practice, which may differ materially from those applicable under US domestic tender offer law and practice. In addition, the financial information contained in this announcement or the Offer Document has not been prepared in accordance with generally accepted accounting principles in the United States, or derived therefrom, and may therefore differ from, or not be comparable with, financial information of US companies.

    In accordance with the laws of, and practice in, Denmark and to the extent permitted by applicable law, including Rule 14e-5 under the U.S. Exchange Act, Nykredit, Nykredit’s affiliates or any nominees or brokers of the foregoing (acting as agents, or in a similar capacity, for Nykredit or any of its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase, or arrange to purchase, outside of the United States, shares in Spar Nord Bank or any securities that are convertible into, exchangeable for or exercisable for such shares in Spar Nord Bank before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases will be announced via Nasdaq Copenhagen and relevant electronic media if, and to the extent, such announcement is required under applicable law. To the extent information about such purchases or arrangements to purchase is made public in Denmark, such information will be disclosed by means of a press release or other means reasonably calculated to inform US shareholders of Spar Nord Bank of such information.

    In addition, subject to the applicable laws of Denmark and US securities laws, including Rule 14e-5 under the U.S. Exchange Act, the financial advisers to Nykredit or their respective affiliates may also engage in ordinary course trading activities in securities of Spar Nord Bank, which may include purchases or arrangements to purchase such securities.

    It may not be possible for US shareholders to effect service of process within the United States upon Spar Nord Bank, Nykredit or any of their respective affiliates, or their respective officers or directors, some or all of which may reside outside the United States, or to enforce against any of them judgments of the United States courts predicated upon the civil liability provisions of the federal securities laws of the United States or other US law. It may not be possible to bring an action against Nykredit, Spar Nord Bank and/or their respective officers or directors (as applicable) in a non-US court for violations of US laws. Further, it may not be possible to compel Nykredit and Spar Nord Bank or their respective affiliates, as applicable, to subject themselves to the judgment of a US court. In addition, it may be difficult to enforce in Denmark original actions, or actions for the enforcement of judgments of US courts, based on the civil liability provisions of the US federal securities laws.

    The Offer, if completed, may have consequences under US federal income tax and under applicable US state and local, as well as non-US, tax laws. Each shareholder of Spar Nord Bank is urged to consult its independent professional adviser immediately regarding the tax consequences of the Offer.

    NEITHER THE U.S. SECURITIES AND EXCHANGE COMMISSION NOR ANY SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY IN ANY STATE OF THE U.S. HAS APPROVED OR DECLINED TO APPROVE THE OFFER OR THIS ANNOUNCEMENT, PASSED UPON THE FAIRNESS OR MERITS OF THE OFFER OR PROVIDED AN OPINION AS TO THE ACCURACY OR COMPLETENESS OF THIS ANNOUNCEMENT OR ANY OFFER DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.

    1 Executive Order no. 636 of 15 May 2020

    Attachments

    The MIL Network –

  • MIL-OSI Russia: NSU students’ project included in the rating of 100 promising Russian startups of 2024, according to RB.RU

    Translartion. Region: Russians Fedetion –

    Source: Novosibirsk State University – Novosibirsk State University –

    RB.RU is a media outlet for business owners and those who want to become one. RB Chuyka — an annual special project in which the media selects 100 promising Russian company projects. The goal is not just to highlight companies that have shown themselves in the past year, but also to introduce readers to new faces on the market, as well as to show which niches are promising for startups and investors.

    Startup Lexis Voice from NSU Catalist— a special acceleration program from NSU Startup Studios, which helps to reveal creative and scientific potential, create and bring technological projects to the market, was included in the RB Choice rating. Its founders are students of the Higher College of Informatics of NSU and the Faculty of Economics of NSU.

    The Lexis Voice project is a practical simulator for training managers in “cold sales” using artificial intelligence. The system simulates dialogues with clients, analyzes the results and offers recommendations for improving sales skills. This solution frees experienced employees from performing the standard procedure for training newcomers.

    “We help companies with sales departments that want to improve the skills of sales managers and reduce the time for their training through our AI Model, which is able to parody the client’s behavior and give personalized recommendations for training the manager based on his conversation with it,” they write in their telegram channelfounders of the project.

    In 2024, Lexis Voice entered the TOP-5 projects of the Phystech.Idea accelerator from MIPT and successfully conducted a pilot project with Rostelecom. The main goal of the experiment was to identify the key problems that sales managers face during the onboarding process, as well as to assess the potential of the Lexis Voice product being developed to solve these problems.

    — During the experiment, we focused on the following aspects. The first was to analyze existing training methods and their effectiveness. The second was to test the hypothesis that our AI-based training algorithm could significantly reduce the onboarding time for new employees. The third was to evaluate the potential increase in manager performance in the long term. The approach we used included a comparison of the standard employee training process and the updated process we offer, — the developers say.

    The team divided the employees into two groups of four people each: one group underwent the training that the company provides, and the other followed the new algorithm that underlies the product. Results:

    1. The adaptation time was reduced by 5 times in the group that followed the new method.

    2. Managers from the AI group achieved their KPIs faster.

    3. The level of skills in handling objections and closing deals increased by more than 30%.

    More details about the results of the experiment can be found by link.

    It is safe to say that the guys’ hypothesis was confirmed. Acceleration of training, reduction of the workload of senior managers and increase in the efficiency of new employees are indicators that can be reproduced in other companies.

    There is a high probability that this approach can revolutionize this conservative area and significantly change the standard methods of training employees.

    “We are confident that these achievements can be scaled and benefit companies and, most importantly, the people who work in them,” the students conclude.

    Currently, more than 10 companies from various fields, from fitness centers to remote sales departments, are showing interest in implementing the solution.

    In addition to Lexis Voice, the list of 100 promising startups in Russia also included the MPlays project, a service that analyzes external advertising traffic on marketplaces. The startup from Novosibirsk received support from the Innovation Assistance Fund and the federal project University Technological Entrepreneurship Platform.

    The following materials were used in preparing the news: RB.ru.

    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 New Zealand: Trump has sent a message on trade: Time to scrap Kiwi tariffs

    Source: ACT Party

    Responding to President Trump’s announcement of a reciprocal tariff regime, ACT Finance spokesperson Todd Stephenson says:

    “ACT has previously argued to scrap our remaining tariffs. President Trump’s announcement makes this urgent.

    “New Zealand charges tariffs on imported products like clothing, makeup, biscuits, gardening tools, railway locomotives, and ambulances. Under Trump’s plan, these tariffs would be reflected in tariffs charged on our exports to the US – unless we choose to ditch the tariffs, in which case Trump’s reciprocal tariffs will be lifted.

    “It’s a no-brainer. By scrapping our remaining tariffs we can spare local exporters from the cost of a reciprocal American regime. At the same time, we’ll be cutting the cost of popular imported goods for Kiwi households and firms.

    “When two countries trade, both are better off. New Zealand has preached the gospel of free trade on the world stage since the 1980s, and it’s time to start practising what we preach.

    “It appears possible that Trump’s plan will impose a reciprocal tariff in response to our GST regime. This would impose a significant cost on companies exporting to the US. Abolishing our remaining tariffs would at least somewhat offset this cost.”

    MIL OSI New Zealand News –

  • MIL-Evening Report: Having dense breasts is linked to cancer. But advice about breast density can depend on where you live

    Source: The Conversation (Au and NZ) – By Jennifer Stone, Principal Research Fellow, School of Population and Global Health, The University of Western Australia

    Gorodenkoff/Shutterstock

    Having dense breasts is a clear risk factor for breast cancer. It can also make cancers hard to spot on mammograms.

    Yet you might not be aware you have dense breasts, even after mammographic screening.

    In Australia, advice for women with dense breasts and their health-care professionals can be inconsistent and confusing.

    This is because there’s not currently consensus on whether women who have dense breasts, but no symptoms, benefit from further imaging such as ultrasounds. Concerns include potential cost of these tests and the risk they can produce false positives.

    What is breast density?

    Breasts are made up of fatty tissue and fibroglandular tissue (including glands that make milk, held together by fibrous tissue).

    On a mammogram – an x-ray of the breast – fibroglandular tissue appears white and fatty tissue appears dark. The white areas are referred to as breast density.

    Fibroglandular tissue shows up white on a mammogram.
    Nata Sokhrannova/Shutterstock

    A higher proportion of fibroglandular tissue means your breasts are dense.

    There are four categories to classify breast density:

    • A: almost entirely fatty
    • B: scattered areas of fibroglandular density
    • C: heterogeneously or consistently dense
    • D: extremely dense.

    Breast density is very common. Around 40% of women aged 40–74 are estimated to have “dense breasts”, meaning they fall in category C or D.

    What’s the link to cancer?

    Breast density is associated with the risk of breast cancer in two ways.

    First, breast density usually decreases with age. But if a woman has high breast density for her age, it increases her likelihood of breast cancer.

    One study looked at the risk of breast cancer over the age of 50. It found there was a 6.2% risk for the one-third of women with the lowest density. For the 5% with the highest density, the risk was 14.7%.

    Second, breast density “masks” cancers if they develop. Both cancers and breast density appear white on a mammogram, making cancers very hard to see.

    Breast cancer screening saves lives through early detection and improved treatment options. But we don’t yet know if telling women about their breast density leads to earlier cancer detection, or lives saved.

    In Australia, screening mammography is free for all women* aged 40 and older. This is run through BreastScreen Australia, a joint national, state and territory initiative. Those aged 50-74 are invited to have a mammogram, but it’s available for free without a referral from age 40.

    However, the messages Australian women currently receive about breast density – and whether it’s recorded – depends on where they live.

    What does the advice say?

    In 2023, the Royal Australian and New Zealand College of Radiologists updated its position statement to recommend breast density is recorded during screening and diagnostic tests in Australia and New Zealand.

    Meanwhile BreastScreen Australia says it “should not routinely record breast density or provide supplemental testing for women with dense breasts”. However this position statement is from 2020 and is currently under review.

    Some state and territory BreastScreen programs, including in Western Australia, South Australia and soon Victoria, notify women if they have dense breasts. Victoria is currently at an early stage of its roll-out.

    While the messaging regarding breast density differs by state, none currently recommend further imaging for women with dense breasts without speaking to a doctor about individual risk.

    What are the issues?

    Providing recommendations for women with dense breasts is difficult.

    The European Society of Breast Imaging recommends women with extremely dense breasts aged 50–70 receive an MRI every two to four years, in addition to screening mammography. This is based on a large randomised controlled trial from the Netherlands.

    But the Royal Australian and New Zealand College of Radiologists describes this recommendation as “aspirational”, acknowledging cost, staffing and accessibility as challenges.

    That is, it is not feasible to provide a supplemental MRI for everyone in the screening population in category D with extremely dense breasts (around 10%).

    Further, there is no consensus on appropriate screening recommendations for women in the category C (heterogeneous density).

    We need a national approach to breast density reporting in Australia and to do better at identifying who is most likely to benefit from further testing.

    BreastScreen Australia is currently undergoing a review of its policy and funding.

    One of its goals is to enable a nationally consistent approach to breast screening practices. Hopefully breast density reporting, including funding to support national implementation, will be a priority.

    *This includes those recorded female at birth and who are gender diverse.

    Jennifer Stone receives funding from Cancer Council Western Australia and the NHMRC. She is affiliated with the University of Western Australia and the University of Melbourne. She is Co-chair of the Australian Breast Density Consumer Advisory Council and member of the InforMD Alliance (www.informd.org.au).

    – ref. Having dense breasts is linked to cancer. But advice about breast density can depend on where you live – https://theconversation.com/having-dense-breasts-is-linked-to-cancer-but-advice-about-breast-density-can-depend-on-where-you-live-249863

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: Tourist trains gaining popularity among seniors

    Source: China State Council Information Office 2

    Chinese consumers have indicated a growing interest in taking dedicated tourist trains, with rising search volumes related to the sector seen, following the country’s plan to retrofit tourist trains to make them more senior-friendly.
    Specifically, the country plans to launch more green and comfortable travel products and develop more themed routes for the trains, according to a guideline issued on Feb 11 by nine entities, including the Ministry of Commerce, the Ministry of Culture and Tourism and China State Railway Group Co Ltd.
    On Wednesday and Thursday, search volume for travel products related to such tourist trains more than tripled over the same period in January, said Tongcheng Travel, a Suzhou, Jiangsu province-based online travel agency.
    Tourist trains have been one of the most popular travel products among seniors in China. In 2024, nearly 80 percent of consumers who booked tourist trains were aged 60 and above, Tongcheng said.
    Tourist trains connecting Gansu province and the Xinjiang Uygur autonomous region; Heilongjiang province and the Inner Mongolia autonomous region; as well as the China-Laos Railway, have been quite popular among senior travelers, Tongcheng said.
    China has the world’s largest passenger railway network, while the operation of tourist trains in the country is still in its development stage. In 2024, China operated a total of 1,860 tourist trains nationwide, a record high, and the number jumped nearly 50 percent over the pre-pandemic period in 2019, said China Railway.
    “Compared with traditional modes of travel, tourist trains are more comfortable and they satisfy traveler demand for catering, accommodation, transportation and sightseeing, making them more friendly to senior travelers,” said Li Zhun, a senior researcher at the Tongcheng Research Institute.
    “In the next three to five years, demand for cultural and tourism products suitable for senior travelers will further grow in China. Besides raising the supply of tourist train products, there is still room for improvement in the quality of service and operation,” Li said.
    He added that in the next step, tourist trains may be envisioned as a peer to mature business models like luxury cruise ships. More tourist train products suitable for different types of consumers and a new marketing system should be promoted.
    Meanwhile, the domestic tourism market has gradually returned to normalcy after the Spring Festival holiday, and prices of flight tickets and hotels have declined, making it friendly for senior travelers who seek to travel during off-peak periods.
    Tongcheng Travel said after the Spring Festival break, the company has received an increasing number of travel inquiries from senior travelers aged between 55 and 70. Compared with office employees and students, older travelers have more flexible schedules, and they are able to opt for off-peak travel periods to avoid crowds, the company said.
    During off-peak periods, some popular outbound destinations for Chinese travelers include Tokyo, Osaka and Sapporo in Japan; Seoul, South Korea; Bangkok, Thailand; Singapore; New Zealand; and Bali, Indonesia. In addition, cruise tourism products to Japan and South Korea, as well as Mediterranean cruises, have been sought after by consumers, the online travel agency found.

    MIL OSI China News –

  • MIL-OSI Australia: Arrest – Firearm offences – Pinelands

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force has arrested a 34-year-old male and is searching for another person of interest in relation to a stolen motor vehicle, drug offences and firearm offences in Pinelands yesterday afternoon.

    About 1:25pm, Fugitive Taskforce members observed a reported stolen motor vehicle parked at a service station on Stuart Highway. Members approached the driver who failed to comply with directions and attempted to flee from police in the vehicle. Members successfully deployed a taser and apprehended the male.

    A subsequent search of the vehicle identified a quantity of methamphetamine, cocaine, cannabis, ammunition and an imitation firearm.

    He was conveyed to Royal Darwin Hospital for medical assessment and was later charged with:

    • Resist Police in execution of duty
    • Driving a motor vehicle without consent
    • 2 x Possess Schedule 1 dangerous drug – less than traffickable quantity
    • Possess Schedule 2 dangerous drug – less than traffickable
    • Possess ammunition without a licence
    • Possess a prohibited weapon
    • Drive a motor vehicle whilst unlicenced
    • Breach of bail

    He was remanded to appear in Darwin Local Court today.

    Police believe another person of interest was in the service station when the arrest was unfolding and fled the scene.

    The Fugitive Taskforce has carriage of the investigation.

    MIL OSI News –

  • MIL-OSI Australia: Serious crash at Eastwood

    Source: South Australia Police

    Police are at the scene of a serious crash at Eastwood.

    About 4.10pm today (Tuesday 18 February), emergency services were called to Greenhill Road after reports that a car had collided with a pedestrian.

    Westbound traffic is down to one lane approaching Glen Osmond Road.

    Please avoid the area if possible.

    MIL OSI News –

  • MIL-OSI: Full-year 2024 results

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Victoire Grux
    Tel.: +33 6 04 52 16 55
    victoire.grux@capgemini.com

    Investor relations:
    Vincent Biraud
    Tel.: +33 1 47 54 50 87
    vincent.biraud@capgemini.com

    Full-year 2024 results

    • Revenues of €22,096 million in 2024, down -1.9%
    • Revenue growth at constant exchange rates* of -2.0% for the full year, and -1.1% in Q4
    • Bookings at €23.8 billion with a 1.08 book-to-bill
    • Stable operating margin*, at 13.3% of revenues
    • Net profit, Group share, up +0.5% and basic earnings per share up +1.2%
    • Organic free cash flow0F*of €1,961 million
    • Proposed dividend of €3.40 per share

    Paris, February 18, 2025 – The Board of Directors of Capgemini SE, chaired by Paul Hermelin, convened on February 17 in Paris to review and adopt the accounts1F1 of the Capgemini Group for the year-ended December 31, 2024.

    Aiman Ezzat, Chief Executive Officer of the Capgemini Group, said: “Our performance in the fourth quarter is in line with expectations. As anticipated, Manufacturing and France experienced strong headwinds, whereas we saw an improvement in Financial Services and Consumer Goods & Retail, as well as a robust Public Sector.

    The Group demonstrated strong resilience in 2024, maintaining its operating margin and free cash flow generation, thanks to the growth of its high value-added offerings as well as its ecosystem of leading technology partners.

    Client demand continues to be driven by efficiency, operational agility and cost-optimization programs which are driving traction for our Cloud and Data & AI services. The Group is recognized as a global leader in AI by market analysts, reflecting our continued investments. Generative AI supported strong bookings and accounted for around 5% of bookings in Q4. The acquisition of Syniti strengthens the Group’s data-driven digital transformation capabilities.

    Our clients keep showing a strong appetite for technology and recognize the value we bring as their trusted business and technology transformation partner. However, we remain cautious in this uncertain environment, notably around Manufacturing and Europe, and expect H1 2025 constant currency revenue growth to remain in the same range as in Q4 2024. We will continue to demonstrate in 2025 the strength of our positioning and the resilience of our operating model, with growth as a priority.”

    KEY FIGURES

    (in millions of euros) 2023 2024 Change
    Revenues 22,522 22,096 -1.9%
    Operating margin* 2,991 2,934 -1.9%
    as a % of revenues 13.3% 13.3% 0pt
    Operating profit 2,346 2,356 +0.4%
    as a % of revenues 10.4% 10.7% +0.3pts
    Net profit (Group share) 1,663 1,671 +0.5%
    Basic earnings per share (€) 9.70 9.82 +1.2%
    Normalized earnings per share (€)* 12.44 12.23 -1.7%
    Organic free cash flow* 1,963 1,961 -€ 2m
    Net cash / (Net debt)* (2,047) (2,107)  

    In an environment that proved weaker than initially anticipated, Capgemini demonstrated in 2024 the resilience of its operating model and its leadership on AI and Generative AI. Clients focused on driving efficiency, prioritizing operational agility and cost optimization while discretionary spend remained soft. This environment has fueled a strong demand for transformation programs which translated into continued traction for Capgemini’s Cloud, Data & AI services as well as its innovative offerings, most notably in intelligent supply chain, digital core and generative AI projects. This is contributing to the continuous improvement of the portfolio mix toward innovation and enhanced client value creation.

    Capgemini reported revenues of €22,096 million in 2024, down -1.9% year-on-year. Constant currency growth* was -2.0%, at the top end of the outlook as revised in October 2024. Organic growth* (i.e., excluding the impact of currency fluctuations and changes in Group scope) was -2.4%. After bottoming out in Q1, revenue trends gradually improved through the year with a revenue decline limited to -1.1% at constant currency and -1.5% organically in Q4.

    With bookings of €23,821 million in 2024 and €6,806 million in Q4, the Group maintained a strong commercial momentum despite client decision cycles that remain long, achieving a solid book-to-bill of 1.08 for the year, and 1.22 in Q4. When compared to 2023 bookings, this represents, at constant exchange rates, a decrease of -0.5% for the year and an increase of +1.9% in Q4. Generative AI bookings amounted to close to 4% of Group bookings for the year and around 5% for Q4.

    The ongoing shift in Capgemini’s offerings portfolio towards higher value services, coupled with enhanced operational efficiency, generated a 50 basis points increase in gross margin to 27.4% of revenues, reflecting the resilience of its operating model. This enabled the Group to absorb the incremental investment in selling efforts aimed at driving future growth and offset the slight increase in G&A expenses.

    Consequently, the operating margin* was stable at 13.3% of revenues, or €2,934 million, in line with the operating margin target set for 2024.

    Other operating income and expenses was a net expense of €578 million, down €67 million year-on-year. This decrease is mainly attributable to lower restructuring charges, which decreased by €55 million.

    Capgemini’s operating profit was €2,356 million, or 10.7% of revenues, compared with €2,346 million, or 10.4% of revenues in 2023.

    Capgemini reported a net financial income of €13 million in 2024, compared to a net expense of €42 million in 2023, reflecting higher interest income.

    The income tax expense was €681 million, up from €626 million last year. This represents an increase in the effective tax rate from 27.2% in 2023 to 28.8% this year.

    Taking into account the share of profits of associates and non-controlling interests, the Group share in net profit rose by +0.5% year-on-year to €1,671 million. Basic earnings per share increased by +1.2% to €9.82. Normalized earnings per share* was €12.23, compared with €12.44 in 2023.

    Organic free cash flow* generation remained strong at €1,961 million, in line with the 2024 target and the previous year despite lower revenues.

    CAPITAL ALLOCATION & BALANCE SHEET

    In 2024, Capgemini actively redeployed close to €2.0 billion of capital, essentially funded by the organic free cash flow of the year. Capgemini invested €827 million in acquisitions. The Group also paid dividends of €580 million (€3.40 per share) to Capgemini SE shareholders and allocated €972 million to share buybacks: €498 million on its multiyear program and €474 million to neutralize the dilution of the 11th employee share ownership plan (ESOP). This ESOP plan, which proved highly successful and thus contributed to maintaining employee shareholding at around 8% of the share capital, led to a gross capital increase of €415 million.

    In October 2024, the Group also redeemed in full and at maturity its €600 million bond issued in April 2018.

    At December 31, 2024, the Group had cash, cash equivalents and cash management assets of €3.1 billion. After accounting for borrowings of €5.1 billion as well as for derivative instruments, Group net debt* is €2.1 billion, slightly up compared with €2.0 billion at December 31, 2023.

    The Board of Directors decided to recommend the payment of a dividend of €3.40 per share at the Shareholders’ Meeting of May 7, 2025. The corresponding payout ratio is 35% of net profit (Group share), in line with the Group’s historical distribution policy.

    OPERATIONS BY REGION

    At constant exchange rates, revenues in North America (28% of Group revenues) decreased by -4.1% with improving trends in H2. The Financial Services, Consumer Goods & Retail and Telco, Media & Technology (TMT) sectors were the main drivers of improvement. In contrast, the Manufacturing and Public sectors slowed down in H2. The operating margin increased to 16.5%, from 15.6% in 2023.

    The United Kingdom and Ireland region (12% of Group revenues) remained resilient, posting a -1.0% decline in revenue primarily driven by the contraction of the Consumer Goods & Retail sector. The region’s return to growth in H2 was driven by the recovery in Financial Services and the continued strength in the Energy & Utilities sector. The operating margin reached 19.7% compared with 18.6% in 2023.

    France (20% of Group revenues) revenues decreased by -3.5%, in an environment that led to a visible degradation in H2. This evolution was mostly driven by the contraction of the Manufacturing sector. However, as in most regions, Financial Services visibly improved through the year. The operating margin contracted from 12.6% to 10.2%.

    In the Rest of Europe region (31% of Group revenues), revenues stood at +0.1% with solid Public and Energy & Utilities sectors and Financial Services returning to growth. The Manufacturing sector also negatively weighed on activity in the region. The operating margin was 12.0%, slightly up from 11.7% a year earlier.

    Finally, revenues in the Asia-Pacific and Latin America region (9% of Group revenues) were slightly down
    -0.3% driven by a slower Financial Services sector in Asia-Pacific. However, the Public Sector in Asia-Pacific and the Consumer Goods & Retail sector in Latin America, both enjoyed double-digit growth rates. The operating margin slightly improved to 12.4% compared with 12.2% the year before.

    OPERATIONS BY BUSINESS

    At constant exchange rates, Strategy & Transformation consulting services (9% of Group revenues) reported +3.2% growth in total revenues* in 2024. This continued momentum illustrates the strength of the Group’s positioning as a strategic partner to its clients.

    Applications & Technology services (62% of Group revenues and Capgemini’s core business) reported
    a -2.1% decrease in total revenues.

    Finally, Operations & Engineering services total revenues (29% of Group revenues) decreased -2.1%.

    OPERATIONS IN Q4 2024

    Q4 was the third consecutive quarter of gradual improvement in growth rate. As expected, the Financial Services and Consumer Goods & Retail sectors saw an acceleration and TMT returned to growth. This was offset by the slowdown in Manufacturing.

    Geographically, growth rates improved substantially in North America, but also the United Kingdom and Ireland, Asia-Pacific and Latin America, but slowed down visibly in France.

    Group revenues totaled €5,581 million in Q4 2024, a decline of -1.1% year-on-year at constant exchanges rate and -1.5% organically. This decline in revenue can be solely attributable to -6.1% slowdown in Manufacturing.

    At constant exchange rates, the decline in revenues in the North America region was limited to -1.6%, with the growth in Financial Services, Consumer Good & Retail and TMT, more than offset by the weakness in the Manufacturing and Energy & Utilities sectors. Revenues in the United Kingdom and Ireland region grew +1.5%, supported by the good performance of the Energy & Utilities and Manufacturing sectors and to a lesser extent the growth in Financial Services. In France, the weakness in the Manufacturing, Consumer Goods & Retail and Energy & Utilities sectors led the revenue to decline -5.8%. Revenues in the Rest of Europe region were stable (+0.1%), driven by robust activity in the Public, Energy & Utilities and Financial Services sectors that offset the decline in the Manufacturing sector. Finally, revenues in the Asia-Pacific and Latin America region grew by +4.6% supported by the visible recovery in the Financial Services and Consumer Goods & Retail sectors, more than offsetting the weak Manufacturing and Energy & Utilities sectors.

    HEADCOUNT

    At December 31, 2024, the Group’s total headcount stood at 341,100, slightly up by +0.2% year-on-year and +0.7% compared to the end of September 2024.

    The onshore workforce decreased by -1.1% at 144,200 employees, while the offshore workforce was up by +1.2% to 196,900 employees, i.e., 58% of the total headcount.

    ESG PERFORMANCE

    In 2024, Capgemini demonstrated continued leadership in corporate responsibility by making significant advancements aligned with its ESG (Environment, Social and Governance) policy and commitments.

    From an environmental standpoint, Capgemini set ambitious near-term (2030) and long-term (2040) carbon reduction targets in 2022, including a 90% reduction in all emissions (Scope 1, 2 and 3) by 2040 to reach its “net zero emissions” targets as validated by the SBTi (Science-Based Targets initiative). At the end of 2024, the Group had reduced its absolute emissions (Scope 1, 2 and 3) by 35% compared to 2019. Reflecting the commitment to 100% renewable electricity (RE100) by 2025, Capgemini’s scope 1 and 2 emissions have decreased by 93% since 2019. The share of renewable energy in the Group’s electricity consumption reached 98% last year up from 96% in 2023.

    In human capital development, Capgemini continued to invest in its talent in 2024. The average number of learning hours per employee trained reached 77 hours last year, significantly up notably with the expansion of the generative AI training program.

    The Group also made notable progress in gender balance, nearing its global objective of 40% by 2025. By the end of 2024, women comprised 39.7% of the total workforce, up by almost 1 point year-on-year and almost 7 points since 2019. The proportion of women among executive leadership positions globally reached 29.0%, up by almost 3 points year-on-year and more than 12 points since 2019.

    The scale of impact through digital inclusion initiatives also extended greatly in 2024. Overall, the Group’s various programs and partnerships with leading non-profit organizations benefited almost 3.2 million individuals in 2024.

    In recognition of this continued progress, the Group was confirmed as a constituent of the Dow Jones Sustainability Index (DJSI) Europe and maintained its position on the “A list” in the 2024 CDP (Carbon Disclosure Project) assessment.

    OUTLOOK

    The Group’s financial targets for 2025 are:

    • Revenue growth of -2.0% to +2.0% at constant currency;
    • Operating margin of 13.3% to 13.5%;
    • Organic free cash flow of around €1.9 billion.

    CONFERENCE CALL

    Aiman Ezzat, Chief Executive Officer, accompanied by Nive Bhagat, Chief Financial Officer, will comment on this publication during a conference call in English to be held today at 8.00 a.m. Paris time (CET). You can follow this conference call live via webcast at the following link. A replay will also be available for a period of one year.

    All documents relating to this publication will be posted on the Capgemini investor website at https://investors.capgemini.com/en/.

    PROVISIONAL CALENDAR

    April 29, 2025        Q1 2025 revenues
    May 7, 2025        Shareholders’ meeting
    July 30, 2025        H1 2025 results
    October 28, 2025        Q3 2025 revenues

    The dividend payment schedule to be submitted to the Shareholders’ Meeting for approval would be:

    May 20, 2025        Ex-dividend date on Euronext Paris
    May 22, 2025        Payment of the dividend

    DISCLAIMER

    This press release may contain forward-looking statements. Such statements may include projections, estimates, assumptions, statements regarding plans, objectives, intentions and/or expectations with respect to future financial results, events, operations and services and product development, as well as statements, regarding future performance or events. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans”, “projects”, “may”, “would”, “should” or the negatives of these terms and similar expressions. Although Capgemini’s management currently believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking statements are subject to various risks and uncertainties (including, without limitation, risks identified in Capgemini’s Universal Registration Document available on Capgemini’s website), because they relate to future events and depend on future circumstances that may or may not occur and may be different from those anticipated, many of which are difficult to predict and generally beyond the control of Capgemini. Actual results and developments may differ materially from those expressed in, implied by or projected by forward-looking statements. Forward-looking statements are not intended to and do not give any assurances or comfort as to future events or results. Other than as required by applicable law, Capgemini does not undertake any obligation to update or revise any forward-looking statement.

    This press release does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction.

    ABOUT CAPGEMINI

    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.

    Get the Future You Want | www.capgemini.com

    * *

    *

    APPENDIX3F2

    BUSINESS CLASSIFICATION

    • Strategy & Transformation includes all strategy, innovation and transformation consulting services.
    • Applications & Technology brings together “Application Services” and related activities and notably local technology services.
      • Operations & Engineering encompasses all other Group businesses. These comprise Business Services (including Business Process Outsourcing and transaction services), all Infrastructure and Cloud services, and R&D and Engineering services.

    DEFINITIONS

    Organic growth or like-for-like growth in revenues is the growth rate calculated at constant Group scope and exchange rates. The Group scope and exchange rates used are those for the reported period. Exchange rates for the reported period are also used to calculate growth at constant exchange rates.

    Reconciliation of growth rates Q1
    2024    		 Q2
    2024    		 Q3
    2024    		 Q4
    2024    		 FY
    2024
    Organic growth -3.6% -2.3% -2.1% -1.5% -2.4%
    Changes in Group scope +0.3 pts +0.4 pts +0.5 pts +0.4 pts +0.4 pts
    Growth at constant exchange rates -3.3% -1.9% -1.6% -1.1% -2.0%
    Exchange rate fluctuations -0.2 pts +0.4 pts -0.3 pts +0.5 pts +0.1 pts
    Reported growth -3.5% -1.5% -1.9% -0.6% -1.9%

    When determining activity trends by business and in accordance with internal operating performance measures, growth at constant exchange rates is calculated based on total revenues, i.e., before elimination of inter-business billing. The Group considers this to be more representative of activity levels by business. As its businesses change, an increasing number of contracts require a range of business expertise for delivery, leading to a rise in inter-business flows.

    Operating margin is one of the Group’s key performance indicators. It is defined as the difference between revenues and operating costs. It is calculated before “Other operating income and expenses” which include amortization of intangible assets recognized in business combinations, expenses relative to share-based compensation (including social security contributions and employer contributions) and employee share ownership plan, and non-recurring revenues and expenses, notably impairment of goodwill, negative goodwill, capital gains or losses on disposals of consolidated companies or businesses, restructuring costs incurred under a detailed formal plan approved by the Group’s management, the cost of acquiring and integrating companies acquired by the Group, including earn-outs comprising conditions of presence, and the effects of curtailments, settlements and transfers of defined benefit pension plans.

    Normalized net profit is equal to profit for the year (Group share) adjusted for the impact of items recognized in “Other operating income and expense”, net of tax calculated using the effective tax rate. Normalized earnings per share is computed like basic earnings per share, i.e., excluding dilution.

    Organic free cash flow is equal to cash flow from operations less acquisitions of property, plant, equipment and intangible assets (net of disposals) and repayments of lease liabilities, adjusted for cash out relating to the net interest cost.

    Net debt (or net cash) comprises (i) cash and cash equivalents, as presented in the Consolidated Statement of Cash Flows (consisting of short-term investments and cash at bank) less bank overdrafts, and also including (ii) cash management assets (assets presented separately in the Consolidated Statement of Financial Position due to their characteristics), less (iii) short- and long-term borrowings. Account is also taken of (iv) the impact of hedging instruments when these relate to borrowings, intercompany loans, and own shares.

    RESULTS BY REGION

      Revenues   Year-on-year growth   Operating margin rate
      2024
    (in millions of euros)    		   reported at constant exchange rates   2023 2024
    North America 6,188   -4.2% -4.1%   15.6% 16.5%
    United Kingdom and Ireland 2,753   +1.6% -1.0%   18.6% 19.7%
    France 4,380   -3.5% -3.5%   12.6% 10.2%
    Rest of Europe 6,851   +0.2% +0.1%   11.7% 12.0%
    Asia-Pacific and Latin America 1,924   -2.6% -0.3%   12.2% 12.4%
    TOTAL 22,096   -1.9% -2.0%   13.3% 13.3%

    RESULTS BY BUSINESS

      Total revenues*   Year-on-year growth
      2024
    (% of Group revenues)    		   At constant exchange rates in Total revenues* of the business
    Strategy & Transformation 9%   +3.2%
    Applications & Technology 62%   -2.1%
    Operations & Engineering 29%   -2.1%

    SUMMARY INCOME STATEMENT AND OPERATING MARGIN

    (in millions of euros) 2023 2024 Change
    Revenues 22,522 22,096 -1.9%
    Operating expenses (19,531) (19,162)  
    Operating margin 2,991 2,934 -1.9%
    as a % of revenues 13.3% 13.3% 0bp
    Other operating income and expenses (645) (578)  
    Operating profit 2,346 2,356 +0.4%
    as a % of revenues 10.4% 10.7% +30bp
    Net financial expenses (42) 13  
    Income tax income/(expense) (626) (681)  
    Share of profit of associates and joint-ventures (10) (11)  
    (-) Non-controlling interests (5) (6)  
    Profit for the period, Group share 1,663 1,671 +0.5%

    NORMALIZED AND DILUTED EARNINGS PER SHARE

    (in millions of euros) 2023 2024 Change
    Average number of shares outstanding 171,350,138 170,201,409 -0.7%
    BASIC EARNINGS PER SHARE (in euros) 9.70 9.82 +1.2%
    Diluted average number of shares outstanding 177,396,346 176,375,256  
    DILUTED EARNINGS PER SHARE (in euros) 9.37 9.47 +1.1%
           
    (in millions of euros) 2023 2024 Change
    Profit for the period, Group share 1,663 1,671 +0.5%
    Effective tax rate 27.2% 28.8%  
    (-) Other operating income and expenses, net of tax 469 412  
    Normalized profit for the period 2,132 2,083 -2.3%
    Average number of shares outstanding 171,350,138 170,201,409 -0.7%
    NORMALIZED EARNINGS PER SHARE (in euros) 12.44 12.23 -1.7%

    CHANGE IN CASH AND CASH EQUIVALENTS AND ORGANIC FREE CASH FLOW

    (in millions of euros) 2023 2024
    Net cash from operating activities 2,525 2,526
    Acquisitions of property, plant and equipment and intangible assets, net of disposals (254) (310)
    Net interest cost (11) 37
    Repayments of lease liabilities (297) (292)
    ORGANIC FREE CASH FLOW 1,963 1,961
    Other cash flows from (used in) investing and financing activities (2,126) (2,788)
    Increase (decrease) in cash and cash equivalents (163) (827)
    Effect of exchange rate fluctuations (115) 97
    Opening cash and cash equivalents 3,795 3,517
    Closing cash and cash equivalents 3,517 2,787

    NET DEBT

    (in millions of euros) December 31, 2023 December 31, 2024
    Cash and cash equivalents 3,536 2,789
    Bank overdrafts (19) (2)
    Cash and cash equivalents 3,517 2,787
    Cash management assets 161 268
    Long-term borrowings (5,071) (4,281)
    Short-term borrowings and bank overdrafts (675) (863)
    (-) Bank overdrafts 19 2
    Borrowings, excluding bank overdrafts (5,727) (5,142)
    Derivative instruments 2 (20)
    NET CASH / (NET DEBT) (2,047) (2,107)

    ESG PERFORMANCE

      Objectives Key Performance Indicators 2019
    (baseline)    		 2023 2024 Change vs. 2019 2025 Objective 2030 Objective (vs 2019)
    Environment Be carbon neutral for our own operations no later than 2025 and across our supply chain by 2030, and committed to becoming a net zero business by 2040 Scope 1 & 2 – Absolute emissions (ktCO₂e) 154.1 13.6 11.2 -93%   -80%
    Scope 3 – Employee commuting emissions per headcount (tCO₂e/head) 1.08 0.50 0.55 -49%   -55%
    Scope 3 – Business travel emissions per headcount (tCO₂e/head) 1.26 0.50 0.48 -62%   -55%
    Scope 3 – Purchased goods and services (ktCO₂e) 305.7 352.1 301.5 -1%   -50%
    Transition to 100% renewable electricity by 2025, and electric vehicles by 2030 % of electricity from renewables 28% 96% 98% +70pts 100%  
    Social Increase average learning hours per employee by 5% every year to ensure regular lifelong learning Average Completed Learning Hours per headcount trained during the reporting period 41.9 53.8 77.4 +85%    
    40% of women in our teams by 2025 % of women in the workforce 33.0% 38.8% 39.7% +6.7pts 40%  
    5m beneficiaries supported by our digital inclusion programs by 2030 Cumulated number of beneficiaries since 2018 29,012 4.4m 7.5m     5m
    Governance 30% of women in Group executive leadership positions in 2025 % of women in Group executive leadership positions 16.8% 26.2% 29.0% +12.2pts 30%  
    Maintain over 80% of the workforce with an Ethics score of 7-10 % of the headcount with an Ethics score of 7-10   86% 85%   >80% >80%
    Be recognized as a front leader in data protection and cybersecurity Cyber Rating agencies – CyberVadis score   958 977   940-950
    out of 1,000
    DPO certification   72% 76%   95%  

    Note: in the table above, 2024 data may include some estimates and some historical data points have been restated to ensure comparability.

    1 Audit procedures on the consolidated financial statements have been completed. The auditors are in the process of issuing their report.
    2 Note that in the appendix, certain totals may not equal the sum of amounts due to rounding adjustments.

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  • MIL-OSI: LHV Group results in January 2025

    Source: GlobeNewswire (MIL-OSI)

    After a strong end to year, January’s results, as is customary for the season, were more modest in terms of results for LHV. The consolidated loan portfolio of LHV Group decreased by EUR 8 million in January, and the total volume of clients’ deposits decreased by EUR 15 million. The volume of the funds managed by LHV decreased by EUR 10 million. A total of 6.6 million payments related to financial intermediaries were made over the month.

    In January, AS LHV Group earned EUR 9 million in consolidated net profit. Among the subsidiaries, the net profit of AS LHV Pank was EUR 6.9 million, while LHV Bank Ltd earned EUR 1.4 million in net profit, AS LHV Varahaldus EUR 363 thousand, and AS LHV Kindlustus EUR 249 thousand. The financial plan, which was disclosed in February, remains.

    The loan portfolio of LHV Pank decreased by EUR 23 million, with retail loans increasing by EUR 27 million; however, corporate loans decreased by EUR 50 million due to the planned loan repayment of one client. Although credit quality generally remained strong, the result for the month was affected this time by a short-term increase in write-downs due to a decrease in the rating of one client. The decline in the total volume of deposits of EUR 11 million was due to a decrease in the deposits of regular clients by EUR 78 million, as the deposits of financial intermediaries increased.

    LHV Pank added 4,000 clients to its ranks in January. At the beginning of the year, the research company Dive declared LHV Pank the bank with the best service in Estonia for the ninth time, both in terms of phone calls and visits to a bank branch.

    The volume of loans from LHV Bank, which operates in the United Kingdom, continued to rise, as the portfolio grew by EUR 16 million in January, while the amount of approved but not yet issued loans rose to EUR 186 million. Additional deposits in the amount of EUR 25 million were raised from deposit platforms. By the end of January, the first 100 retail clients had opened an account with LHV Bank, and work continues to supplement the offer intended for retail customers. The net income of the Bank was higher than planned in January, due to the increased revenues from the financial intermediaries business line.

    For LHV Varahaldus, the year started with good results. Pension funds M, L, and XL increased by 1.8%, 2.6%, and 3.7%, respectively, over the month. Indeks increased by 3.7% and Roheline 1.3%. Conservative funds S and XS increased by 1.2% and 0.7%, respectively. In January, LHV Varahaldus launched a new LHV Euro Bond Fund available to all retail investors, the units of which were subscribed for in the initial public offering by more than 1,000 investors worth EUR 9.6 million.

    In January, clients entered into 17,500 new insurance agreements with LHV Kindlustus in the volume of EUR 6.6 million. Sales results were excellent in vehicle insurance products, home insurance, and travel insurance. Losses were compensated in the amount of EUR 2 million. All in all, the first month of the year was profitable for LHV Kindlustus.

    To access the reports of AS LHV Group, please visit the website at https://investor.lhv.ee/en/reports.

    LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,200 people. As at the end of January, LHV’s banking services are being used by 460,000 clients, the pension funds managed by LHV have 112,000 active clients, and LHV Kindlustus protects a total of 172,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

    Priit Rum
    Communications Manager
    Phone: +372 502 0786
    Email: priit.rum@lhv.ee 

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  • MIL-OSI Australia: New Warroo Bridge construction work set to start

    Source: New South Wales Government 2

    Headline: New Warroo Bridge construction work set to start

    Published: 18 February 2025

    Released by: Minister for Regional NSW, Minister for Regional Transport and Roads

    The Minns Labor Government is investing more than $15 million to deliver a safer, stronger new Warroo Bridge in the NSW Central West with construction work set to start in March.

    A new concrete bridge will be built just a few metres upstream from the existing 116-year-old bridge timber truss bridge which is located over the Lachlan River 46 kilometres west of Forbes and 55 kilometres south-east of Condobolin.

    Warroo Bridge is a critical connector in the region as it is the only major crossing of the Lachlan River linking the Lachlan Valley Way to the Henry Parkes Way between these two towns.

    The existing narrow bridge was built in 1909 and is not suitable for use by modern agricultural equipment or heavy vehicles with higher mass limit loads.

    If the existing bridge is closed for maintenance, motorists face a 93-kilometre detour to travel from one side of the bridge to the other.

    The Minns Labor Government is investing in construction of a new bridge that will be safer, more reliable and allow for more efficient transport, particularly for freight operators in regional NSW.

    Abergeldie Contractors Pty Ltd will deliver the work on behalf of Transport for NSW, with work due to start on March 3. The new bridge is expected to be open to traffic in late 2026, weather permitting.

    The existing Warroo Bridge will remain open to traffic throughout the construction of the replacement bridge and will be removed completely once the new bridge is operational.

    Transport for NSW will continue to update the community as construction progresses. For more information on the project visit the website of Transport for NSW. 

    Minister for Regional NSW Tara Moriarty said:

    “This new Warroo Bridge over the Lachlan River is an important piece of infrastructure that will make life easier for farmers, businesses and families in the Central West.

    “The new bridge will be safer and more reliable than the existing bridge that is now well over 100 years old.

    “This sort of investment is part of the NSW Government’s commitment to regional NSW and to driving jobs and investment across the state.”

    Minister for Regional Transport and Roads Jenny Aitchison said:

    “The Minns Labor Government is investing in the future of regional NSW by building better bridges that keep communities connected, improve safety and increase efficiency for freight operators.

    “I’m excited to see construction start on the new Warroo Bridge which will have wider travel lanes and better road approaches, increased load capacity for heavy vehicles, and improved access for wide vehicles.”

    Independent Member for Orange Phil Donato said:

    “It’s great to see the contract for this project has been awarded and construction is on track to commence.

    “Communities in our region rely on Warroo Bridge and when the new bridge is built it will make life so much easier for local residents and freight operators.”

    NSW Labor’s Orange spokesperson Stephen Lawrence MLC said:

    “The awarding of the contract to Abergeldie Contractors Pty Ltd to build the replacement Warroo Bridge is an important milestone in this project to improve transport efficiency and reliability in the Central West.

    “When construction is complete the community will have a fantastic new asset the Minns Labor Government is proud to be delivering.”

    MIL OSI News –

  • MIL-OSI Asia-Pac: Govt to regulate car hailing platforms

    Source: Hong Kong Information Services

    (To watch the full media session with sign language interpretation, click here.)

    Chief Executive John Lee today said the Government is working to improve taxi services, regulate car hailing platforms and combat unlawful hire car services, and urged stakeholders to join efforts to attain these goals.

    Mr Lee’s comments came in response to media questions about taxi drivers’ plans to strike against illegal ride-hailing. He cautioned against resorting to such drastic action.

    “The Government’s position in respect of the (improvement) of taxi services, and also to have a lawful system to govern online hailing platforms, is clear,” he said. “Taxi services need to be improved. The car hailing platforms need to be regulated, and enforcement actions need to be taken against unlawful hire car services.

    “Any drastic action is not going to solve the problem. Drastic action may also hurt the interests of normal citizens in the course of their daily going about of their lives. It is not going to receive public support.

    “Also, there is a potential that the issue may change its nature, and the issue may be hijacked by some people with ulterior motives that will be not in the interests of society and the citizens.”

    Mr Lee said a large number of representatives from the taxi trade have indicated that they will not support or take part in any drastic action.

    He highlighted that the Transport & Logistics Bureau has already made proposals to address the problem. These include introducing a “taxi fleet regime” to enhance the management of taxi services, and a legal framework to regulate online hailing platforms.

    He also mentioned that the Transport Advisory Committee has invited representatives from the taxi trade and online hailing platforms to a meeting tomorrow. Government representatives will also attend.

    “It is a good opportunity for everybody to talk through the whole thing rationally with a common will to move forward, to find out a solution.”

    MIL OSI Asia Pacific News –

  • MIL-OSI Security: Chief of Staff, NAVELSG Visits COMLOG WESTPAC, January 23, 2025 [Image 2 of 3]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on

    SINGAPORE (Jan. 23, 2025) Capt. James Bach, right, Chief of Staff, Navy Expeditionary Logistics Support Group, delivers a command capabilities brief to staff and personnel assigned to Commander, Logistics Group Western Pacific/ Task Force 73 (COMLOGWESTPAC/CTF 73), during a scheduled visit to Sembawang Naval Installation, Jan. 23, 2025. COMLOG WESTPAC supports deployed surface units and aircraft carriers, along with regional Allies and partners, to facilitate patrols in the South China Sea, participation in naval exercises and responses to natural disasters. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 01.23.2025
    Date Posted: 01.23.2025 22:49
    Photo ID: 8840611
    VIRIN: 250123-N-ED646-1059
    Resolution: 7706×5504
    Size: 4.07 MB
    Location: SG
    Web Views: 10
    Downloads: 1

    PUBLIC DOMAIN  

    This work, Chief of Staff, NAVELSG Visits COMLOG WESTPAC, January 23, 2025 [Image 3 of 3], by PO2 Moises Sandoval, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright.

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  • MIL-OSI Security: USMC Capt. Antonio Milord’s Promotion Ceremony, February 3, 2025 [Image 1 of 8]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on

    SINGAPORE (Feb. 3, 2025) – Capt. Antonio J. Milord, left, ground ammunition officer assigned to Commander, Logistics Group Western Pacific/Task Force 73 (COMLOG WESTPAC/ CTF 73), provides closing remarks during his promotion ceremony at the U.S. Embassy in Singapore, February 3, 2025. COMLOG WESTPAC supports deployed surface units and aircraft carriers, along with regional Allies and partners, to facilitate patrols in the South China Sea, participation in naval exercises and responses to natural disasters. (U.S. Navy photo by Mass Communication Specialist 1st Class Jomark A. Almazan/Released)

    Date Taken: 02.02.2025
    Date Posted: 02.18.2025 00:36
    Photo ID: 8874304
    VIRIN: 250203-N-DB724-1082
    Resolution: 6030×4307
    Size: 2.23 MB
    Location: SG
    Web Views: 0
    Downloads: 0

    PUBLIC DOMAIN  

    This work, USMC Capt. Antonio Milord’s Promotion Ceremony, February 3, 2025 [Image 8 of 8], by PO1 Jomark Almazan, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright.

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