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Category: Transport

  • MIL-OSI Economics: OEUK news Record increase in offshore wind capacity critical to Clean Power 2030 goal, says OEUK report 15 May 2025

    Source: Offshore Energy UK

    Headline: OEUK news

    Record increase in offshore wind capacity critical to Clean Power 2030 goal, says OEUK report

    15 May 2025

    In its 2025 Offshore Wind Insight, Offshore Energies UK (OEUK) warns that without action to address price inflation, capital cost and UK supply chain competitiveness, the UK will fail to meet the government’s Clean Power 2030 (CP30) target of between 43 and 51 GW of installed offshore wind capacity.

    The UK has the capacity to become a major exporter of wind energy, but if it is to meet CP2030 objectives the September wind allocation round (AR7) will have to be the biggest ever with more than 8GW of new licences awarded.

    As the halt to Hornsea 4 wind farm last week shows, cost inflation, finance costs and market outlook make investment in offshore wind all the more challenging, putting additional pressure on CP30 delivery.

    North Sea oil and gas have provided the primary source of energy for more than 50 years and the UK will continue to need homegrown oil and gas as part of an integrated energy mix for years to come alongside the build out of renewables. As the focus on decarbonising the economy gains momentum, electricity is expected to dominate the future low carbon energy mix. Much of this will be generated by offshore wind installations fixed to the seabed as well as floating offshore wind (FOW) structures but unless the pace of change quickens, the UK stands to achieve only 35GW by 2030, short of the CP30 target.

    In 2024, the National Energy System Operator (NESO) published the Clean Power 2030 (CP30) report, setting out recommendations to the UK government on the design of a clean power grid by 2030. With a goal to accelerate progress to net zero by eliminating emissions that currently come from electricity generation, CP30 also aims to ensure that heating, transport and industry sectors are powered by electricity.

    The plan sees a huge build out of renewables including 43-50 Gigawatts (GW) of offshore wind, 27-29 GW of onshore wind, and 45-47 GW of solar power. Noting all renewables play important roles in delivering a clean power grid, whereby Britain will generate enough clean power to meet 95% of total annual electricity demand by 2030, NESO highlighted the critical role of offshore wind.

    OEUK’s Wind & Renewables Manager, Thibaut Cheret says:

    “Meeting the government’s 2030 target of 43 and 51 GW of installed offshore wind capacity means securing £15bn of private investment in offshore wind each and every year between now and 2030. The government’s next Contract for Difference auction in Allocation Round 7 (AR7), which incentivises new low carbon electricity generating projects, will need to secure historic levels of renewable energy procurement. AR7 needs to clear a record 8.4GW of offshore wind capacity to maintain the course toward CP30.”

    “With the flexibility to supply oil and gas installations or the national grid, Floating Offshore Wind (FOW) will become a critical tool for delivering CP30 and beyond. Offshore wind leasing rounds released by Innovation and Targeted Oil and Gas (INTOG) under the auspices of Crown Estate Scotland are helping decarbonise offshore oil and gas production whilst accelerating deployment of the first floating offshore wind project at commercial scale.

    “As Floating Offshore Wind projects will have access to windier areas in deeper waters around the UK, it is set to become the growth engine beyond 2030 with investment in FOW likely to overtake fixed-bottom wind in 2033. More than 50 years oil and gas experience means that our UK supply chain is well equipped to capture a sizeable stake of the floating wind market, but a significant portion of the spend required is beyond the reach of many UK companies, which highlights the need for strategic investment in innovation, skills and infrastructure. Getting this right means the UK can become a market leader in wind power generation and play a major part in delivering a homegrown energy transition.”

    Wind power remains a key component of the UK’s energy system, its share for UK’s electricity amounting to 29.5% in 2024. Of that, offshore wind contributed 17.2% of total electricity generation. Its ability to outperform onshore wind generation relative to installed capacity is down to newer, larger turbines installed off the coast of Britain, where wind speeds are often stronger for longer and efficiency is likely to be higher. This makes offshore wind one of the most attractive of the renewable energy technologies.

    Key report recommendations:

    • Development plans should be front-loaded to meet CP 2030 – The UK is not on track to meet CP 2030 target so Allocation Round 7 (AR7) needs to be the most ambitious auction round yet. It will need to secure 8.4 GW of new offshore wind capacity if the UK is to stay on course for CP30.
    • Timely delivery of transmission infrastructure will be essential– Rebuilding the National Grid electricity transmission grid will be a massive task. A grid investment programme of £58bn will be required to support 50 GW offshore wind by 2030.
    • Investment in UK energy should be to the long-term benefit of the UK economy– £65bn will be invested in UK offshore wind over the next five years – this has the potential to transform the growth outlook for the UK. The forthcoming UK industrial strategy should make developing a competitive homegrown energy supply chain equipped to make the most of these opportunities one of its key objectives.
    • Energy security is as important as a predominantly renewables-based power system-There should be a focus on homegrown energy, making the most of UK resources. There will be a continued role for gas-fired power generation to balance the grid. This should see the progressive deployment of gas with CCS and in due course hydrogen-fuelled power generation. Interconnectivity will help. A North Sea integrated grid can save £37bn/yr and cut wholesale prices by a fifth and would avoid system duplication.

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    MIL OSI Economics –

  • MIL-OSI Economics: Thales inaugurates GenF, a first step towards nuclear fusion energy

    Source: Thales Group

    Headline: Thales inaugurates GenF, a first step towards nuclear fusion energy

    • Thales, a global leader in high-power lasers, will inaugurate GenF on Thursday 15 May 2025 in Le Barp (Bordeaux). GenF aims to take a major step toward in developing a new energy source that is safe, abundant, competitive and low-carbon, through inertial confinement nuclear fusion.
    • GenF is working in collaboration with the CEA, CNRS, École polytechnique and the Nouvelle-Aquitaine Region to design a first inertial confinement fusion reactor.
    • Thales is contributing its expertise in high-power lasers, developed at its Élancourt site, which enabled the company to build the world’s most powerful laser system, currently in operation in Romania.

    Energy production through nuclear fusion is now identified as one of the solutions to address two crucial challenges: the need to reduce global carbon emissions and the ever-increasing energy demand across various sectors of the economy, such as transport, construction, agriculture and the digital industry. According to the IEA (International Energy Agency), electricity consumption by data centres is expected to more than double by 2030, particularly due to the rise of AI.

    Nuclear fusion is therefore regarded as a tremendous opportunity to create a new energy source that is safe (it carries no risk of runaway reactions), abundant (its resources are widely available in nature), competitive and low-carbon (it emits no greenhouse gases). Furthermore, nuclear fusion generates one million times less radioactive waste than fission, and this waste can be eliminated more quickly.

    To achieve nuclear fusion, extensive research is being carried out on two methods: magnetic confinement and inertial confinement. The inertial confinement method requires the use of high-energy lasers to compress matter and reach the thermonuclear conditions required for fusion. Significant scientific progress is still needed for this method of energy production to be deployed.

    To ensure that France remains one of the pioneering countries in this field, the government, via BPI France, launched a call for projects on “innovative nuclear reactors” in June 2023, under the France 2030 initiative. Drawing on its expertise in high-power lasers, Thales submitted the TARANIS project, in partnership with the CEA, the CNRS and École polytechnique, to demonstrate the feasibility of designing a first inertial confinement nuclear fusion reactor. The project was selected in February 2024, giving it access to a €18,5 million budget for its initial development phase. To bring together the essential complementary expertise, Thales created the company GenF, officially launched in January 2025, and signed a first contract worth several million euros for the development of its fusion laser.

    GenF will progress through three development phases:

    1. By 2027, GenF plans a first phase of modelling and simulation, calibrated through experiments on existing facilities such as LMJ;
    2. From 2027 to 2035, a second phase will focus on the maturation of fusion technologies such as multiple laser synchronisation, the production of cryogenic targets and the development of new materials for the reactor wall;
    3. From 2035, a third phase could lead to the scaling-up of the reactor, with the construction of a first prototype.

    GenF currently brings together around ten scientists, engineers and industrial experts and involves about forty people from all the institutions combined. The company will inaugurate its premises in Le Barp (Bordeaux) on Thursday 15 May 2025, with support from the Nouvelle-Aquitaine Regional Council—region that already brings together many areas of expertise in nuclear fusion, including the Centre Lasers Intenses et Applications (CELIA – CNRS/University of Bordeaux/CEA) and the Centre d’Études Scientifiques et Techniques d’Aquitaine (CESTA – CEA).

    Thales has 40 years of experience in high-power lasers. From design and development to installation, team training and operational support, Thales masters the entire high-power laser expertise chain, which includes laser sources from 10 TW to 10 petawatts, beam transport lines, target focusing optics and quality control systems. Thales has also been active in nuclear fusion for over 25 years, particularly as a lead contractor for subassemblies as part of the Laser Mégajoule programme, a research initiative on inertial confinement fusion developed by the CEA. In addition, at its Vélizy and Thonon sites, Thales develops high-power electronic tubes for magnetic confinement fusion reactors, including for the international ITER demonstrator.

    MIL OSI Economics –

  • MIL-OSI Economics: Thales boosts Air Traffic Management System for Serbia and Montenegro Air Traffic Services SMATSA

    Source: Thales Group

    Headline: Thales boosts Air Traffic Management System for Serbia and Montenegro Air Traffic Services SMATSA

    • Serbia and Montenegro Air Traffic Services SMATSA will use Thales’s modular Air Traffic Management (ATM) solution, TopSky – ATC One complemented by TopSky – Sequencer powered by AI, to enhance its operational capabilities, optimize air traffic flow management, increase runway capacities, and reduce delays.
    • This future-proof, scalable solution positions SMATSA at the forefront of air traffic management, ensuring safety, efficiency, and sustainability.
    • SMATSA also joins the upgraded TopSky – ATC user group, to help shape the future of ATM systems.
    SMATSA and Thales representatives at Airspace World, Lisbon, © Marker Production

    Thales’s TopSky – ATC One offering, complemented by TopSky – Sequencer, will modernize SMATSA’s air navigation infrastructure. It introduces advanced software and features designed to optimize air traffic flow management, maximize runway capacities, and minimize delays. These improvements will not only support SMATSA’s operational goals, but will also enhance safety, productivity, and decision-making capabilities across the air traffic network.

    One of the main reasons that SMATSA selected the TopSky – ATC One offering is its modular, open-architecture design, which ensures that the platform will remain adaptable, scalable, and future-proof. This enables SMATSA to continuously evolve its ATM system, in line with emerging technologies, regulatory requirements, and the ever-growing demands of air traffic management.

    SMATSA’s move to the upgraded TopSky – ATC One offering also means joining the group of Air Navigation Service Providers (ANSPs) using Thales’s TopSky – ATC One. This structure fosters collaboration, shared decision-making and ownership. By adopting this collaborative and unified solution, SMATSA can leverage a single baseline product that evolves according to a shared roadmap of future upgrades. This ensures alignment with industry regulations and the collective needs of the air navigation community.

    Alongside the technological upgrade, SMATSA is also committed to workforce development. The upgrade will provide extensive market-relevant training and strategic workforce management initiatives, focusing on attracting young talent and improving gender diversity in the aviation sector. As part of its broader inclusivity efforts, SMATSA aims to increase the representation of women in the aviation industry, positioning itself as an employer of choice.

    “We are proud to partner with Thales for this significant upgrade of our air traffic management system,” said Raša Ristivojević, SMATSA CEO. “The TopSky – ATC One system will modernize our operations, allowing us to better manage air traffic and enhance our service quality. This is an important step forward in ensuring SMATSA continues to meet the growing demands of regional traffic, while also investing in our workforce and promoting inclusivity in the sector.”

    “We are excited to see SMATSA adopt our TopSky – ATC One offering, a solution that will keep them at the forefront of air navigation services,” said Youzec Kurp, Vice President of Airspace Mobility Solutions at Thales. “This upgrade demonstrates SMATSA’s commitment to technological innovation, operational excellence, and its vision for a sustainable, future-ready air traffic management system.”

    MIL OSI Economics –

  • MIL-OSI Economics: Piero Cipollone: Harnessing the digital future of payments: Europe’s path to sovereignty and innovation

    Source: European Central Bank

    Speech by Piero Cipollone, Member of the Executive Board of the ECB, at the France Payments Forum event “Digital euro and the future of payments in Europe”

    Paris, 15 May 2025

    Thank you for inviting me to discuss the future of payments and the digital euro.

    Most people associate the adoption of the euro with the launch of euro banknotes and coins. While the euro was introduced for accounting purposes in 1999, we tend to feel it only became our money three years later once we started paying in euro cash around Europe. Euro banknotes and coins made the currency the tangible symbol of a united Europe.

    A strong currency also comes in tandem with strong payment systems. We offer payment infrastructures that form the plumbing of the financial system. Though less visible than banknotes and coins, these infrastructures are key to our monetary and financial integration.

    Retail and wholesale payments are hence an integral part of our tasks at the central bank. We issue cash, supply reserves – the ultimate liquid asset – to banks and operate payment systems, thereby supporting our economy by enabling euro area transactions that are secure, risk-free and European. This is what preserves our economic stability and our monetary sovereignty.

    Building on this reliable base, private sector firms can then offer their own solutions, without their customers having to worry about the money they use. One euro is one euro, because private money can be converted to cash at all times and because financial transactions can be settled in central bank money – the only risk-free asset there is.

    So today, I want to focus on how we can make our currency future-proof and enhance the integration, competitiveness and resilience of European payments in the digital era.

    As people increasingly prefer to pay digitally and online commerce expands, the role of cash as a universal payment solution is declining. We thus risk being left without a European solution that allows us to pay throughout the euro area in all situations. To restore the central role of cash, we need to complement physical cash with its digital equivalent, a digital euro. Making central bank money available in digital form might seem like a small and obvious step, but it is in fact an essential one for overcoming the entrenched and longstanding fragmentation of our payment market. The digital euro will achieve this directly by modernising the supply of public money and indirectly through its infrastructure and acceptance network, which private payment service providers can leverage to expand and innovate on a European scale. Ultimately, a digital euro will enhance the competitiveness of European providers and their ability to offer all types of digital payments to European consumers.

    The situation is different for wholesale financial transactions as we already offer settlement in digital central bank money and do not face the same dependencies. However, market participants increasingly expect that tokenisation and distributed ledger technology (DLT) will transform financial transactions by enabling assets to be issued or represented as digital tokens. We are currently expanding our initiative to settle DLT-based transactions in central bank money. By making central bank money available, we avoid the risk of other settlement assets being used, such as US dollar stablecoins, which would reintroduce credit risk, fragmentation and a dependency on non-European solutions.

    We are progressing on the retail and wholesale fronts in parallel. In both cases, Europe needs its own, sovereign money for the digital era, so that it can harness the benefits of integration, innovation and independence. In the words of the late French economist Michel Aglietta, money is not just a technical device, it is an essential institution.[1]

    A digital euro for everyday payments

    Let me first discuss the rationale for the digital euro and the benefits it will bring.

    Currently, cash is the sole sovereign payment method across the euro area. It offers Europeans a convenient, secure and universally accepted way to pay and store value, ensuring financial inclusion. Cash also upholds the resilience of our payment systems and economies, acting as a reliable fallback during crises such as cyberattacks or power outages. This is why we remain strongly committed to cash.[2]

    However, digital payments have gained popularity, with online shopping accounting for more than a third of our retail transactions. This means that acceptance of and access to cash are no longer sufficient to cover a growing share of payment situations. In value terms, cash payments made up only 24% of day-to-day payments in the euro area last year.[3]

    Lacking a genuine European payment solution that works across the euro area, we are left critically dependent on foreign payment providers.[4] Currently, nearly two-thirds of euro area card-based transactions are processed by non-European companies while 13 euro area countries depend entirely on international card schemes or mobile solutions for in-store payments.[5] And even where national card schemes are available, they require co-badging with international card schemes to facilitate cross-border payments within the euro area or online shopping. Moreover, mobile apps and e-payment solutions are dominated by foreign solutions like PayPal, Apple Pay or Alipay. And they partner with international card schemes to further reinforce their position and expand their reach: PayPal has just announced that it will start enabling contactless payments in Germany, using Mastercard technology.[6] Looking ahead, our dependency could soon extend to foreign stablecoins, 99% of which are dollar-denominated in terms of total value.[7]

    As a result, European payments face three significant challenges.

    First, we need to ensure our strategic autonomy and monetary sovereignty. Our overreliance on foreign payment providers makes us dependent on the kindness of strangers at a time of heightened geopolitical tensions. I trust that this risk is well understood in the country of De Gaulle. There is no true sovereignty without sovereign money.[8] As my dear colleague Banque de France governor François Villeroy de Galhau has remarked, this is as true in the 21st century as it was in the past.[9]

    Second, we should simply ask ourselves why there is no Europe-based international card scheme. I would say it’s because we suffer from a lack of competitiveness and innovation. European payment service providers focus on their home country and struggle to compete on a European level, let alone on a global one, limiting their ability to drive large-scale innovation. The cost of investing in a European-wide acceptance network has often discouraged European payment service providers from offering a European card payment solution.

    These failures come at a high price: the dominance of non-European providers stifles competition, leading to higher costs for merchants and consumers. And when transactions are conducted through international card schemes, European banks lose fees. When transactions are made on apps such as Apple Pay or PayPal, they lose fees and data. And if the use of US dollar stablecoins becomes more widespread, the banks could lose, fees, data and deposits.

    Third, user experience is still poor for Europeans, who juggle multiple payment solutions to meet various needs. Despite the euro’s 25-year legacy, we still lack a digital payment solution that can be used across all euro area countries.

    By introducing the digital euro, we aim to tackle these challenges head-on.

    Importantly, the digital euro would make payments more convenient. It would provide a digital payment method that complements cash, extending its benefits into the digital realm. For instance, it would have legal tender status, meaning that it would be accepted wherever one can pay digitally. And it would also be available offline, offering users similar privacy to paying with cash and allowing them to pay even in the absence of a network connection. A digital euro would give European consumers a simple and safe digital payment option, free for basic use, that covers all their payment needs everywhere in the euro area.

    In fact, one simple reason for introducing the digital euro is that people want it. Even at this early stage, surveys show that close to half of respondents would be likely to use the digital euro – a number that has significantly increased over time.[10] This trend is confirmed by several surveys[11] conducted by national central banks which suggest that many Europeans are open to the idea of using a digital euro.

    Launching the digital euro would also ensure that the euro area retains control over its financial future. By offering a secure and universally accepted digital payment option which would be suitable for all use cases – and, crucially, under European governance – it would reduce our dependence on foreign providers. This would protect European merchants from excessive charges, strengthening their bargaining power with those providers and offering an attractive alternative.[12] At the same time, European banks would be able to retain their customer relationship and be remunerated for their role in distributing the digital euro. And the digital euro would limit the likelihood of foreign currency stablecoins becoming widely used for retail payments within the euro area.

    Moreover, the digital euro would be based on a core public-private partnership that would leverage synergies, enabling private initiatives to scale up across the euro area. For instance, domestic card payment solutions could co-badge with the digital euro to cover transactions currently beyond their reach. At the same time, banks’ wallets and internet banking solutions could integrate the digital euro as an alternative way to pay that is accepted throughout the euro area and supports both contactless and QR-based payments.[13] The open digital euro standards – which can be finalised as soon as the regulation on the digital euro is adopted and can start being used even before the digital euro is issued – would facilitate cost-effective standardisation, allowing private providers to launch new products and functionalities on a European scale. This would unlock innovation and create new business opportunities. In fact, research shows that stock prices of European payment firms increase in response to positive announcements on the digital euro, whereas those of US payment firms decrease.[14]

    Last October we issued a call for expressions of interest in innovation partnerships for the digital euro. Some 70 merchants, fintech companies, start-ups, banks and other payment service providers – including four from France[15] – have now joined us in exploring the potential of the digital euro to drive innovation.[16] Our innovation platform simulates the envisaged digital euro ecosystem, in which the ECB provides the technical support and infrastructure for European intermediaries to develop digital payment features and services at European level. One of the areas we are exploring is broadening the set of possible conditional payments, such as making payments dependent on successful delivery of goods or services.

    In July we will release a report on these innovation partnerships. It will include the technical information shared with the participants, enabling the entire market to replicate these activities, thereby further supporting innovation by the private sector. Additionally, based on the positive feedback from the pioneers, we will extend the exercise until the end of June, which will allow us to test new functionalities of conditional payments, incorporating fresh ideas and suggestions from our private sector counterparts.

    The digital euro’s success in reclaiming our autonomy in the retail payment space and boosting innovation capacity hinges on collaboration. In recent years we have engaged extensively with market stakeholders, gathering input from consumers, merchants, banks and payment service providers. We have also started working with market participants on the digital euro rulebook – a single set of rules, standards and procedures for digital euro payments.[17]

    This inclusive approach helps us to address everyone’s needs and perspectives, crafting a robust payment solution and platform that will benefit all Europeans, support private sector innovation and preserve the future of our money – the euro.

    The role of central bank money in shaping a European market for digital assets

    Let me now turn to wholesale transactions, a domain where technology holds tremendous potential for transformation.

    Currently, we facilitate transactions between financial institutions through our TARGET Services: T2 processes over 90% of large payments, while T2S handles securities transactions.

    These services have significantly enhanced the efficiency and integration of post-trade platforms in Europe. And we plan to continue improving them: in 2023 we extended T2 operating times to 22.5 hours on weekdays and we are about to launch a consultation paper investigating stakeholder needs and their interest in a further extension of operating hours. In a month’s time we will also launch the European Collateral Management System, which will provide a single, harmonised framework for handling collateral in the 20 euro area countries.[18] And in October 2027 we will move to T+1, shortening the settlement cycle from two days to one. Meanwhile, emerging technologies such as DLT and tokenisation have the potential to bring about a step change in wholesale markets.

    These technologies are no incremental improvement: they represent a fundamentally new way of operating by allowing assets to be issued or represented in digital token form. This innovation would enable market participants to manage trading, settlement and custody on a single platform, available 24/7, 365 days a year. It would also synchronise trading and settlement. And it would enable new business models, as tokenised money can be used to automate conditional transactions. DLT and tokenisation could also reduce the cost and barriers to access capital markets, in particular for small and medium-sized enterprises.

    In fact, the emergence of these new technologies is an opportunity to establish an integrated European capital market for digital assets from the outset – a digital capital markets union – which would contribute to better channelling our savings into productive uses and boosting Europe’s innovation potential.[19] It could help European capital markets to become a hub for DLT-based financial services.

    European banks are active in this space, with over 60% exploring or using DLT and 22% already implementing DLT applications. On the securities front, there is a growing number of high-profile issuances on DLT.

    The availability of central bank money for settling transactions using these new technologies is crucial for two reasons. First, without central bank money, other settlement assets like stablecoins or tokenised deposits may be used, reintroducing credit risks and fragmentation into the financial system. Second, the market views the ability to settle in central bank money as a key factor in adopting new technologies.

    Last year the Eurosystem conducted exploratory work with DLT for settling wholesale transactions in central bank money, using three different solutions to ensure interoperability between our infrastructures and market DLT platforms.[20] The results were highly promising, with 60 industry participants settling real transactions in central bank money or conducting experiments with mock transactions. A wide range of securities and payments use cases were covered, including the first issuance of an EU sovereign bond using DLT. A total of €1.6 billion was settled over a six-month period, exceeding values settled in comparable initiatives in other parts of the world.

    As the next step, we have already announced plans to provide a solution to settle DLT-based transactions in central bank money in the short term.[21] Looking further ahead, the Eurosystem will explore a more integrated, long-term solution. A critical risk is indeed that DLT application fragmentation and a lack of interoperability could hinder the development of liquid DLT-based markets in Europe, imposing high costs on investors and issuers connecting to multiple platforms. So we need to create a more harmonised and integrated ecosystem.

    One way to achieve this would be to move towards a shared ledger: a programmable platform bringing together token versions of central bank money, commercial bank money and other assets, on which market players can provide their services. Another option could be the coordinated development of an ecosystem of fully interoperable technical solutions, which might better serve specific use cases and enable the coexistence of both legacy and new solutions.

    This approach will help us enhance the efficiency of European financial markets through innovation, aligning with the Eurosystem’s goal of achieving a more harmonised and integrated European financial system.

    However, we cannot do this alone. As we enter this new exploration phase, collaboration with public and market stakeholders will be crucial.

    Conclusion

    Let me conclude.

    The journey toward a digital euro and the integration of new technologies in wholesale transactions represents a pivotal moment for Europe. By embracing these innovations, we can strengthen our monetary sovereignty, enhance our competitiveness and pave the way for a more integrated and resilient financial system.

    The digital euro will ensure that Europeans have access to a secure, reliable and universally accepted digital payment solution that complements cash while reducing our reliance on foreign providers. Meanwhile, leveraging central bank money in DLT-based transactions will foster a dynamic and unified digital asset market, driving innovation and unlocking new business opportunities across the continent.

    In this transformative era, collaboration is key. We must bring together all stakeholders – public and private, national and European – to craft solutions that reflect the diverse needs and perspectives of all Europeans. Together, we can harness these technological advancements to build a financial ecosystem that is not only more efficient and innovative but also more inclusive and secure.

    We have inherited a united Europe and a currency embodying this unity. Our legacy should be European sovereignty and a euro that is fit for the future. This is our collective responsibility, in the public and private sector alike.

    Thank you for your attention.

    MIL OSI Economics –

  • MIL-OSI Economics: Thales powers one million digital payment experiences with Vipps mobile wallet in Norway

    Source: Thales Group

    Headline: Thales powers one million digital payment experiences with Vipps mobile wallet in Norway

    • Thales fully supports the success of Vipps, Norway’s leading mobile wallet, which has enabled over one million users for mobile contactless payments since December 2024.
    • Vipps wallet users are the first to benefit from a third-party mobile contactless payment solution on iOS, enabled by Thales D1 technology that securely digitizes payment cards on smartphone.
    • This milestone highlights Thales’ continued leadership in digital payments and its commitment to support fast, large-scale innovation in partnership with financial players.

    With the launch of NFC payments for iPhone and Android devices, Vipps became the first third-party wallet on iOS to offer this feature—an industry first. Behind this innovation, Thales provided the technology foundation, its D1 platform, that made this achievement possible, ensuring a smooth, secure, and scalable experience for Norwegian consumers.

    A breakthrough in everyday payments

    In just 24 hours after the launch, more than 200,000 digital cards were activated—clear proof of the demand for simple and secure digital payments. Behind the scenes, Thales D1 technology enabled users to get a digital payment card – just in few seconds – on Vipps’ wallet, and proceed with contactless payment at shops, getting on top real time transaction notification on their iPhones. Since the launch, Vipps users enjoy a fast and convenient alternative to traditional mobile wallets for everyday purchases.

    Currently supporting Norway’s domestic BankAxept cards, Vipps will expand to include international schemes such as Visa and Mastercard in the coming months, broadening its reach and usability across borders.

    Thales D1 platform boosting innovation ​

    Built for innovation, the D1 platform supported Vipps by adding contactless payment to their wallet. This showcases the platform’s ability to consistently add new innovative use cases, while providing a scalable and secure solution that grows with customer needs.

    The D1 platform is cloud-based and works in real time, making it easy to integrate with existing systems. It helps Thales customers respond to today’s expectations for secure, flexible, and instant payment services — such as modern card issuing, tokenization, or transaction control — while also preparing for the future of payments.

    Trusted collaboration driving success

    “Everything we do at Vipps is about simplifying life for people and businesses. Hitting one million users for contactless payments shows that this is something people really want. Now, we are looking forward to when our users can add Visa and Mastercard to Vipps, enabling them to tap their phones and pay with Vipps across the world. Our collaboration with Thales has been key to making all this happen.” Rune Garborg, CEO of Vipps MobilePay.

    “Driven by strong collaboration between our teams, we successfully met ambitious launch timelines and proved the strength of our operations — delivering a reliable, high-performance service that handled both the surge in demand at launch and the steady, high-volume usage that continues today.he D1 platform is also a key enabler of innovative digital payment services, helping financial players expand and thrive in an increasingly competitive payments landscape.” François Chaffard, Vice President Digital Payment Services at Thales.

    With this milestone, Thales reaffirms its role as a trusted partner in the future of digital payments, helping financial institutions offer flexible, future-ready solutions that meet consumers’ evolving expectations.

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Fraudulent social media account related to Bank of Singapore Limited

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank of Singapore Limited relating to a fraudulent social media account, which has been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.
     
    The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
     
    Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the social media account concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.

    MIL OSI Asia Pacific News –

  • MIL-OSI United Kingdom: Emergency fund injects over £3m into the city’s third sector

    Source: Scotland – City of Edinburgh

    Charities losing funding from the Edinburgh Integration Joint Board (EIJB) are to receive urgent support from the City of Edinburgh Council.

    One-off funding of £2.037m will be provided to 46 organisations and projects across Edinburgh which are working to prevent poverty and support vulnerable residents.

    An additional £1m will help six third sector advice providers to support residents to maximise their income through accessing welfare benefits, reducing everyday living costs including debt management and improving access to work. A grant has also been provided to support the continued development of the Edinburgh Advice Network.

    The decision by the Policy and Sustainability Committee this week (Monday 12 May) will allow funds to be released to prevent the closure of a number of organisations and avert the redundancies of many employees.

    Decisions on how to allocate an outstanding £423,400 will be made when Councillors meet again later this month (Tuesday 27 May).

    The emergency package of support is provided ahead of a long-term review of the relationship between the Edinburgh Partnership, public sector and third sector in Edinburgh, with the aim of improving funding certainty in future years.

    As part of this review, the Edinburgh Partnership is asking voluntary organisations, social enterprises and charities to participate in an online consultation. Workshops will also take place in the coming weeks.

    Council Leader and Chair of the Edinburgh Partnership, Jane Meagher, said:

    “The third sector provides vital support to our local communities, and we need to provide stability to projects which have been put at risk of closure. Our funding will quickly and directly prevent many charities from redundancies and from reducing the very important services they provide.

    “While I’m pleased that we’ve reached a decision to prioritise this work – and to make sure we protect more people from entering poverty – we cannot become complacent. We need longer-term change so that organisations like these, and the many residents who rely on them, are at less risk and have greater stability.

    “We want to hear about how we can make helping vulnerable people simpler. Please take part in the consultation we’ve recently launched, as the Edinburgh Partnership seeks views on strengthening our city’s third sector.”

    In a deputation to Policy and Sustainability Committee, Bruce Crawford, CEO of EVOC and speaking on behalf of the Third Sector Reference Group said:

    “The decisions made by Councillors to support these third sector organisations shows a real understanding of the role that the third sector play in communities across Edinburgh.

    “The impact that these Resilience Fund payments will make cannot be underestimated in the way that they will support some of the most vulnerable people in our city. These grants will provide stability to the organisations in receipt of them and allow them to continue to serve their local communities. Longer term solutions need to be developed, and we are prepared to work with the council in planning for the future, beyond the current financial year.”

    Visit the Council’s website for more information about the Third Sector Support Review, the one-off Third Sector Resilience Fund and to access cost-of-living support.

    Full list of organisations and projects confirmed to receive urgent funding from the Third Sector Transitional Fund:

    1. ACE IT Scotland
    2. Art in Healthcare
    3. B Healthy Together
    4. Bridgend Farmhouse
    5. Calton Welfare Services
    6. Care for Carers
    7. Caring in Craigmillar
    8. Community Renewal Trust
    9. Cruse Bereavement Care Scotland
    10. Drake Music Scotland
    11. Edinburgh & Lothians Greenspace Trust
    12. Edinburgh Community Food
    13. Edinburgh Community Health Forum
    14. Edinburgh Headway Group
    15. Edinburgh Rape Crisis Centre
    16. Eric Liddell Community
    17. Feniks
    18. Fresh Start
    19. Health All Round
    20. Home-Start Edinburgh West and South West (HSEW)
    21. LGBT Health and Wellbeing
    22. Libertus Services
    23. MECOPP
    24. Murrayfield Dementia Project
    25. Pilmeny Development Project
    26. Pilton Equalities Project – Mental Health
    27. Pilton Equalities Project – Day Care
    28. Portobello Monday Centre
    29. Portobello Older People’s Project
    30. Positive Help
    31. Queensferry Churches Care in the Community
    32. Rowan Alba Limited
    33. Scottish Huntington’s Association
    34. Sikh Sanjog
    35. South Edinburgh Amenities Group (SEAG)
    36. The Broomhouse Centre (The Beacon Club)
    37. Vintage Vibes Consortium
    38. The Dove Centre
    39. The Health Agency
    40. The Living Memory Association
    41. The Open Door
    42. The Ripple Project
    43. The Welcoming Association
    44. Venture Scotland
    45. VOCAL
    46. Waverley Care.

    MIL OSI United Kingdom –

  • MIL-OSI USA: Eclipses, Auroras, and the Spark of Becoming: NASA Inspires Future Scientists

    Source: NASA

    In the heart of Alaska’s winter, where the night sky stretches endlessly and the aurora dances across the sky in a display of ethereal beauty, nine undergraduate students from across the United States were about to embark on a transformative journey. These students had been active ‘NASA Partner Eclipse Ambassadors’ in their home communities, nine of more than 700 volunteers who shared the science and awe of the 2024 eclipse with hundreds of thousands of people across the country as part of the NASA Science Activation program’s Eclipse Ambassadors project. Now, these nine were chosen to participate in a once-in a lifetime experience as a part of the “Eclipses to Aurora” Winter Field School at the University of Alaska Fairbanks. Organized by the Astronomical Society of the Pacific and NASA’s Aurorasaurus Citizen Science project, supported by NASA, this program offered more than just lectures—it was an immersive experience into the wonders of heliophysics and the profound connections between the Sun and Earth.
    From January 4 to 11, 2025, the students explored the science behind the aurora through seminars on solar and space physics, hands-on experiments, and tours of cutting-edge research facilities like the Poker Flat Research Range. They also gained invaluable insight from Athabaskan elders, who shared local stories and star knowledge passed down through generations. As Feras recalled, “We attended multiple panels on solar and space physics, spoke to local elders on their connection to the auroras, and visited the Poker Flat Research Range to observe the stunning northern lights.”
    For many students, witnessing the aurora was not only a scientific milestone, but a deeply personal and emotional experience. One participant, Andrea, described it vividly: “I looked to the darkest horizon I could find to see my only constant dream fulfilled before my eyes, so slowly dancing and bending to cradle the stars. All I could do, with my hands frozen and tears falling, I began to dream again with my eyes wide open.” Another student, Kalid, reflected on the shared human moment: “Standing there under the vast Alaskan sky… we were all just people, looking up, waiting for something magical. The auroras didn’t care about our majors or our knowledge—they brought us together under the same sky.”
    These moments of wonder were mirrored by a deeper sense of purpose and transformation. “Over the course of the week, I had the incredible opportunity to explore auroras through lectures on solar physics, planetary auroras, and Indigenous star knowledge… and to reflect on these experiences through essays and presentations,” said Sophia. The Winter Field School was more than an academic endeavor—it was a celebration of science, culture, and shared human experience. It fostered not only understanding but unity and awe, reminding everyone involved of the profound interconnectedness of our universe.
    The impact of the program continues to resonate. For many students, that one aurora-lit week in Alaska became a turning point in the focus of their careers. Sophia has since been accepted into graduate school to pursue heliophysics. Vishvi, inspired by the intersection of science and society, will begin a program in medical physics at the University of Pennsylvania this fall. And Christy, moved by her time at the epicenter of aurora research, has applied to the Ph.D. program in Space Physics at the University of Alaska Fairbanks—the very institution that helped spark her journey. Their stories are powerful proof that the Winter Field School didn’t just teach—it awakened purpose, lit new paths, and left footprints on futures still unfolding.
    Eclipse Ambassadors is supported by NASA under cooperative agreement award number 80NSS22M0007 and is part of NASA’s Science Activation Portfolio. Learn more about how Science Activation connects NASA science experts, real content, and experiences with community leaders to do science in ways that activate minds and promote deeper understanding of our world and beyond: https://science.nasa.gov/learn/about-science-activation/

    MIL OSI USA News –

  • MIL-OSI Europe: Ireland’s Competitiveness Confirmed – Minister Peter Burke

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    15th May 2025

    The Minister for Enterprise, Trade and Employment, Peter Burke, has welcomed the publication of Re-estimating Ireland’s International Competitiveness Performance, the latest bulletin by the National Competitiveness and Productivity Council (NCPC).

    Minister Burke said:

     “This analysis marks a very welcome contribution by the Council and confirms that the Irish economy is internationally competitive. However, we cannot become complacent, and there remains work to do in many areas. The Council’s findings will make a valuable contribution in the preparation of the Action Plan on Competitiveness and Productivity.”

    “Despite our strong international performance, we are also aware that there are challenges, and it is important that we do not take our current strengths for granted. This is reflected in the decision taken by Cabinet to expedite delivery of the Action Plan, which will play a key role in addressing these challenges and safeguarding our competitiveness performance into the future.”

    This Bulletin explores how Ireland’s performance in the IMD World Competitiveness Ranking 2024 is affected when selected indicators are rescaled using Modified Gross National Income (GNI*) in place of Gross Domestic Product (GDP). 

    The findings show that Ireland’s competitiveness performance remains strong with this adjustment. In fact, it rises by one position in the ranking, with improvements in three of the four pillars. The analysis explores how Ireland’s competitiveness profile changes when key metrics are recalibrated to better reflect the scale of the domestic economy.

    The IMD World Competitiveness Ranking is a widely used international benchmark, assessing over 60 economies across four key pillars and 20 sub-pillars, and based on 250 individual measures. In the 2024 IMD results, Ireland was ranked 4th overall. The analysis included in this Bulletin involves replicating the IMD methodology from the ground up, in order to facilitate the substitution of GNI* for GDP for Ireland. 

    Key findings from the Bulletin include:

    • Ireland’s competitiveness ranking improves by one place when GDP-based indicators are adjusted using GNI*, with notable gains in Economic Performance (up seven places) and Infrastructure (up two places). Business Efficiency is unchanged, while Government Efficiency declines slightly, reflecting a more constrained fiscal profile when public finance metrics are expressed over a smaller income base.
    • The analysis underscores the importance of context-sensitive benchmarking, especially when using international indices to inform national policy. This Bulletin highlights the need to interpret international indices critically, understanding their underlying assumptions, and where necessary, supplementing them with alternative analyses that better capture national circumstances.

    NOTES TO EDITORS

    The National Competitiveness and Productivity Council (NCPC) was established in 1997 (then the National Competitiveness Council) to report to the Taoiseach, through the Minister for Enterprise, Trade and Employment, on key competitiveness issues facing the Irish economy.   In 2019, the NCPC was designated as Ireland’s National Productivity Board. 

     As part of its work, the NCPC makes recommendations on policy actions required to enhance Ireland’s competitive position. The NCPC publishes three main research outputs:

    • The Competitiveness Scorecard benchmarks Ireland against international competitors on areas of competitiveness and productivity. This is published every three years (and was last published in 2024).
    • The Competitiveness Challenge is an annual publication in which the NCPC makes recommendations for Government on key challenges to Ireland’s international competitiveness.
    • NCPC Bulletins are short and focused research notes, examining specific topics within the sphere of competitiveness and productivity. The NCPC releases multiple Bulletins each year. These short pieces often feed into the NCPC’s main Challenges report.

     The members of the Council are:

    Dr. Frances Ruane      Chair, National Competitiveness and Productivity Council

    Dr. Laura Bambrick    Head of Social Policy & Employment Affairs, ICTU

    Edel Clancy                Group Director of Corporate Affairs, Musgrave Group

    Kevin Sherry               Interim Chief Executive, Enterprise Ireland 

    Ciaran Conlon             Director of Public Policy, Microsoft Ireland

    Luiz de Mello             Director of Country Studies, Economics Department, OECD

    Maeve Dineen             Chair of Ireland’s Financial Services and Pensions Ombudsman

    Brian McHugh            Chairperson, Competition and Consumer Protection Commission

    Gary Tobin                 Assistant Secretary, Department of Enterprise, Trade and Employment

    Michael Lohan            Chief Executive, IDA Ireland

    Liam Madden             Independent Consultant, Semiconductor Industry

    Neil McDonnell          Chief Executive, ISME 

    Bernadette McGahon  Director of Innovation Services, Industry Research & Development Group 

    Danny McCoy             Chief Executive, IBEC

    Michael Taft               Research Officer, SIPTU

    Representatives from the Departments of An Taoiseach; Agriculture, Food and the Marine; Environment, Climate and Communications; Further and Higher Education, Research, Innovation and Science; Social Protection; Finance; Housing, Local Government and Heritage; Justice; Public Expenditure and Reform; Tourism, Culture, Arts, Gaeltacht, Sport and Media, Children, Equality, Disability, Integration and Youth, and Transport attend Council meetings in an advisory capacity.

    Research, Analysis and Secretariat from the Department of Enterprise, Trade and Employment:

    Dr. Dermot Coates      

    Rory Mulholland                    

    Dr. Keith Fitzgerald

    Pádraig O’Sullivan                 

    Erika Valiukaite

    Jordan O’Donoghue

    Patrick Connolly

    ENDS

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    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – EU industrial priorities: will the Commission acknowledge mistakes and take real action to save the European steel sector? – E-001863/2025

    Source: European Parliament

    Question for written answer  E-001863/2025
    to the Commission
    Rule 144
    Piotr Müller (ECR)

    For years, the Commission has stood passively by as Europe has deindustrialised, imposing costly regulations and ignoring the consequences of China’s increasing industrial overproduction and the US’s recent tightening of customs policy aimed at protecting its heavy industry. Now, facing pressures from rising unemployment, dependence on external suppliers and the threat of losing industrial sovereignty, the Commission is trying to save the steel sector, which employs more than 300 000 EU citizens.

    I would therefore like to ask three specific questions, which require equally specific answers:

    • 1.Is the Commission prepared to explicitly acknowledge that its current regulatory approach – lacking any effective mechanisms to protect strategic industry – has contributed to the loss of production capacity and has deepened Europe’s dependence on external economic powers?
    • 2.In light of the facts (mass lay-offs, steelworks closures, falling exports and growing trade deficits), will the Commission acknowledge that maintaining industrial production in the EU must become an absolute priority, even if it means having to adapt the decarbonisation agenda?
    • 3.Will the Commission review the application of the Emissions Trading System (ETS) to the steel industry and consider temporarily suspending or permanently modifying it, given that, as currently designed, the ETS makes it impossible in practice for European steel producers to compete with operators outside the EU?

    Submitted: 8.5.2025

    Last updated: 15 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Victims and escalation of urban violence due to the misuse and spread of illegal weapons in European cities – E-001789/2025

    Source: European Parliament

    Question for written answer  E-001789/2025
    to the Commission
    Rule 144
    Giuseppe Antoci (The Left)

    The recent shootings in European cities, such as those in Sicily[1], Brussels[2] and elsewhere in the continent, have caused civilian casualties and confirm an upsurge in urban violence linked to the spread of illegal firearms. There are, it is estimated, over 35 million unregistered weapons in circulation in Europe[3]many held by young people and criminal groups.

    The new ‘Protect EU’ strategy cites firearms as a key factor in the rise of violence and commits to proposing common criminal law standards on illicit gun running[4]. The EU Council has also adopted new rules to improve traceability, enhance customs cooperation and make the weapons trade safer³.

    Law enforcement go hand-in -hand with a strategy to promote a cultural shift towards civilian disarmament and combat the subculture of armed violence.

    As part of the Internal Security Fund, the Commission has launched a specific call for projects to combat illicit weapons trafficking[5].

    Can the Commission therefore say:

    • 1.Whether it can it provide updated data on the illegal circulation of firearms in Europe?
    • 2.Whether it plans to allocate new resources to improve preventive measures and law enforcement, particularly in the most vulnerable urban areas[6], by supporting local authorities and law enforcement agencies in disarmament and youth prevention programmes?

    Submitted: 2.5.2025

    • [1] https://www.ansa.it/sito/notizie/cronaca/2025/04/27/sparatoria-a-monreale-tre-morti-fermato-un-19enne_315f73cd-3cab-4fdb-b123-bb84ccc5b403.html.
    • [2] https://www.ansa.it/europa/notizie/rubriche/altrenews/2025/04/17/nuova-sparatoria-a-bruxelles-in-area-segnata-da-guerra-tra-gang_62a9f373-4fbf-4984-be53-ff74a0ae2317.html.
    • [3] These figures are for 2017.
    • [4] https://home-affairs.ec.europa.eu/policies/internal-security/organised-crime-and-human-trafficking/trafficking-firearms_en.
    • [5] https://ec.europa.eu/info/funding-tenders/opportunities/docs/2021-2027/isf/wp-call/2023-2025/call-fiche_isf-2024-tf2-ag-protect_en.pdf.
    • [6] Siap, the Italian police union, recently stated that there are actual lawless urban ‘no-go zones’ where the availability of weapons is both a symptom and a cause of a deep-rooted social crisis.
    Last updated: 15 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Spain: ICF, EIB and CEB join forces to mobilise up to €400 million investment in social infrastructure in Catalonia

    Source: European Investment Bank

    • Institut Català de Finances (ICF) has signed a €100 million loan with the European Investment Bank (EIB) and a €50 million loan with the Council of Europe Development Bank (CEB).
    • The loans will support projects to develop care homes, day centres and assisted living facilities for the elderly, people with disabilities and other vulnerable groups in the region.
    • These agreements will allow ICF to finance non-profit social organisations, foundations, local administrations, public and private companies, unlocking up to €400 million in investment for social infrastructure projects.
    • The EIB loan is backed by InvestEU, an EU flagship programme to mobilise public and private sector investment to support EU policy goals.

    ICF, the public development bank of the Government of Catalonia, has signed a €100 million loan with the EIB to promote the construction and rehabilitation of social infrastructures in Catalonia, Spain. This is the first tranche of a loan approved for a total value of €150 million. ICF has also signed a €50 million loan with the CEB with the same aim. These agreements will allow ICF to finance non-profit social organisations, foundations, local administrations, public and private companies, unlocking up to €400 million investment for social infrastructure projects in the region.

    The loans will support the construction, refurbishment and improvement of care homes, day centres and assisted living facilities supporting the elderly, people with disabilities and other vulnerable groups across Catalonia. The financing provided by the three financial institutions is expected to support the creation of approximately 7.500 new residential care places in Catalonia. All funded projects must meet European sustainable building standards, specifically nearly-zero energy building (NZEB) requirements.

    María Serrano, EIB’s Head of Division Public Sector in Spain, remarked, “The EIB continues to strengthen its commitment to social infrastructure to meet the most pressing needs of Europe’s people. This financing agreement with the ICF will help to strengthen and expand the range of care facilities for elderly and dependent individuals in line with the highest standards of quality and sustainability, for the benefit of all”.

    As emphasised by Maria Sigüenza, the CEB’s Country Manager for Spain, “We are pleased to expand our ongoing partnership with ICF. This new loan reflects the CEB’s strong commitment to social inclusion and the reduction of inequality in Spain. Moreover, it exemplifies the importance of cooperation and joint action among multilateral development banks, such as the CEB and EIB, in building stronger communities and delivering high-impact social projects.”

    Vanessa Servera, CEO of the ICF, described the agreement as “a new success story in public-private cooperation,” emphasising that “the EIB and the CEB are providing the financial resources, we are taking on the management and financial risk, and it will be public entities and other actors that will launch the projects and investments the Catalan social services network needs to meet today’s and tomorrow’s challenges.”

    The agreement with ICF contributes to the EIB Group’s strategic priority of reinforcing Europe’s social infrastructure. This is one of the Group’s eight priorities set out in its Strategic Roadmap for the years 2024-2027.

    The EIB loan is guaranteed by InvestEU, the flagship EU programme to mobilise over €372 billion of additional public and private sector investment to support EU policy goals from 2021 to 2027.

    As the social development bank for Europe, investing in social infrastructure is the CEB’s main mission, as emphasised by its Strategic Framework 2023-2027. By signing the agreement with ICF, the CEB continues to respond flexibly to evolving social development and inclusion challenges in Spain.

    Background information

    ICF

    ICF has been the public promotional bank in Catalonia for 40 years, and in that period it has financed 37,000 clients for a total of €16 billion. Its main mission is to promote the financing of companies and entities in order to contribute to the growth, innovation and sustainability of the Catalan economy. ICF acts as a complement to the private sector, offering a wide range of financing solutions focused on loans, guarantees and investment in venture capital. Since 2014 it has been a member of the European Association of Public Banks (EAPB), which brings together a large number of the public promotional banks and financial entities operating in Europe.

    EIB

    The ElB is the long-term lending institution of the European Union, owned by the Member States. Built around eight core priorities, it finances investments that pursue EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.

    The EIB Group, which also includes the European Investment Fund, signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

    All projects financed by the EIB Group are in line with the Paris Agreement, as pledged in the group’s Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects that contribute directly to climate change mitigation and adaptation, and a healthier environment.

    In Spain, the EIB Group signed €12.3 billion of new financing for more than 100 high-impact projects in 2024, helping power the country’s green and digital transition and promote economic growth, competitiveness and better services for inhabitants.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    InvestEU

    The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investment for EU policy priorities, such as the European Green Deal and the digital transition. InvestEU brings together under one roof the multitude of EU financial instruments available to support investment in the European Union, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is implemented through financial partners that invest in projects, leveraging on the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increasing their risk-bearing capacity and mobilising at least €372 billion in additional investment.

    CEB

    The Council of Europe Development Bank (CEB) is a multilateral development bank, whose unique mission is to promote social cohesion in its 43 member states across Europe. The CEB finances investment in social sectors, including education, health and affordable housing, with a focus on the needs of vulnerable people. Borrowers include governments, local and regional authorities, public and private banks, non-profit organisations and others. As a multilateral bank with an excellent credit rating, the CEB funds itself on the international capital markets. It approves projects according to strict social, environmental and governance criteria, and provides technical assistance. In addition, the CEB receives funds from donors to complement its activities.

    MIL OSI Europe News –

  • MIL-OSI Europe: EU Fact Sheets – Rail transport – 14-05-2025

    Source: European Parliament

    EU rail transport policy is geared towards the creation of a single European railway area. Three packages and a recast were adopted in the space of 10 years following the opening-up of the railway sector to competition in 2001. A fourth package, designed to complete the single European railway area, was adopted in April 2016 (the technical pillar) and in December 2016 (the market pillar).

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: New energy upgrades for public buildings to save taxpayers money

    Source: United Kingdom – Executive Government & Departments

    Press release

    New energy upgrades for public buildings to save taxpayers money

    Schools, community centres and care homes receive new awards to upgrade their buildings and save money off bills in the long term.

    • Local community buildings will benefit from cheaper energy bills in the years to come, thanks to funding allocated by the government
    • schools, community centres and care homes will benefit from upgrades, contributing to an estimated £650 million in savings for taxpayers per year on average to 2037

    Pupils at schools, residents at care homes, and users of community centres will all be given a boost today, as the government allocates funding to help cut energy bills for public buildings in the years to come. 

    The social institutions that allow local communities to thrive, such as schools, hospitals, and care homes, will be given extra help to make energy saving upgrades and tackle costs, allowing more money to be spent on the services that people care about. 

    More than £630 million has been awarded for measures including heat pumps, solar panels, insulation and double glazing, helping to make Britain energy secure as part of the Plan for Change while contributing to an estimated £650 million in savings for taxpayers per year on average over the next 12 years.

    The Liverpool City Region Combined Authority has been awarded over £30 million to install heat pumps at Queens Park Leisure Centre, Birkenhead Central Library and Chase Heys Home for the Elderly, while the Northumbria NHS Foundation Trust will receive more than £14 million to replace fossil fuel heating at two sites, helping power these pillars of the local community with cleaner, homegrown energy. 

    The Royal Air Force Museum Midlands will benefit from £1 million to install heat pumps and solar panels at one of its aircraft hangars, and Worcester City Council will receive £90,000 to upgrade the King George V Community Centre, which is used for employability training and youth activities, with new heat pumps, solar panels and double glazing. 

    The University of York has been awarded £35 million to capture energy from beneath the Earth’s surface to help deliver low-carbon heat to buildings on campus, while the National Portrait Gallery has been awarded over £5 million to switch to heat pumps in its main public gallery and Orange Street building, which houses the historic archives of the library.

    Minister for Energy Consumers Miatta Fahnbulleh said:  

    Today we are providing even more support for Britain’s buildings – from schools to museums and galleries – helping to rebuild vital public services as part of the Plan for Change. 

    This investment will see local communities benefit from our sprint to clean power, with warm public buildings, run more affordably.

    An extra £102 million from the Green Heat Network Fund will help to develop new and existing heat networks in England, including the Hemiko South Westminster Area Network (SWAN), which could help to decarbonise iconic landmarks like the Houses of Parliament using waste heat from the River Thames.  

    This follows Great British Energy’s first major project to put solar panels on around 200 schools and 200 NHS sites, helping them to reinvest savings on their energy bills in teaching and healthcare.  

    Vice-Chancellor Professor at the University of York Charlie Jeffery said: 

    Our geothermal project will be a powerful catalyst in our journey towards net zero, offering a significant reduction in carbon emissions and a greener future. 

    Beyond its crucial environmental impact, the site will serve as a living laboratory that will drive research, educate our students and bring benefits beyond our campus. 

    The support from the government is a vital catalyst for this transformative endeavour, which we believe will empower the next generation of sustainability leaders and deepen community understanding of renewable energy technologies.

    Policy Manager at Energy UK Louise Shooter said: 

    High energy bills have been a big headache for schools, hospitals, leisure centres and other community facilities in recent years – so it’s great to see them being helped to install energy saving measures and other green technology that will cut energy costs permanently while also enabling them to do their bit to reduce emissions. Energy UK’s members have been helping schools and hospitals across the country do the same and save money which means more funding for the essential services they provide. It’s a very tangible example of the benefits that come from investing in the switch to cleaner energy.

    Head of External Affairs at ADE: Heat Networks Pablo John said: 

    Today’s investment in heat networks like the University of York’s geothermal project is a blueprint for Britain’s clean heat revolution. These networks capture every kilowatt of renewable energy and waste heat we produce, turning it into affordable warmth for consumers. York’s 78% cut in fossil fuels proves that when we back heat networks now – even outside of zones – we secure energy independence for good. Let’s build on this momentum by supporting heat network innovation everywhere and stop wasting the heat under our feet.

    Director of Content and Programmes at the RAF Museum Karen Whitting said:  

    Warm thanks to the Department for Energy Security and Net Zero for their investment through the Public Sector Decarbonisation Scheme. This will enable us to introduce new, low/no-carbon technologies to a historic 1938 Type-C aircraft hangar as part of our Inspiring Everyone: RAF Museum Midlands Development Programme. The re-developed hangar will be used as a Learning Centre and exhibition gallery which will welcome and inspire around 500,000 visitors a year, sharing the nationally important Royal Air Force story. The project will make a major contribution to the RAF Museum’s Strategy including our commitment to achieving Carbon Net Zero.

    Notes to editors

    Decarbonising the public sector with low carbon heating and energy efficiency measures will save the public sector an estimated £650 million per year on average to 2037. The Public Sector Decarbonisation Scheme is contributing towards delivering these savings for public sector organisations. 

    Applications for Phase 4 of the Public Sector Decarbonisation Scheme opened in October 2024. Funding for this phase is worth approximately £940 million and will run until financial year 2027/2028. Some remaining funding awards will be issued in the coming weeks. 

    As of May 2025, the regional breakdown for Public Sector Decarbonisation Scheme Phase 4 funding is as follows:  

    • North East: £65,191,456 
    • Yorkshire and the Humber: £81,262,778 
    • North West: £116,815,617 
    • East Midlands: £73,405,602 
    • West Midlands: £84,306,700 
    • East of England: £29,149,553 
    • South East: £35,720,404 
    • South West: £30,002,246 
    • Greater London: £113,914,685 
    • Wales: £2,500,000 
    • Across Regions: £1,325,000 

    The Green Heat Network Fund supports new and existing heat networks in England to adopt low carbon technologies such as heat pumps, recovered heat, geothermal and energy from waste. A total of over £484 million in awards to 40 projects has been made public since the launch of the scheme in 2022.  

    The projects included in this announcement, which have been awarded a total of over £102 million in grant funding are:  

    • Derby Energy Network (Derby Energy Ltd): £23,240,000  
    • Bristol City Centre (Bristol Heat Networks/Vattenfall): £21,300,000 
    • SWAN (Hemiko): £21,000,000  
    • Lincoln (Hemiko): £15,508,000  
    • East London Energy (Bring Energy): £8,813,120 
    • Trafford Civic Quarter Heat Networks (Trafford Metropolitan Borough Council): £5,750,000   
    • West Bromwich Heat Network (Sandwell Metropolitan Borough Council): £4,939,421  
    • Mersey Biochar Heat Network (Severn Wye Energy Agency Ltd): £1,728,890

    Updates to this page

    Published 15 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Were you at the Brighter Beginnings fun day event at Eden Court?

    Source: Scotland – Highland Council

    Image of Child Protection Committee logo

    We need your feedback.

    Highland Council is seeking feedback from the hundreds of families who attended a highly successful fun day at Eden Court Theatre in Inverness on Monday 3 March 2025.

    Parents and carers who attended the Brighter Beginnings Family Fun Day are invited to answer 6 short and simple questions in an online form at: https://forms.office.com/e/wx9APAHaFR.

    Cllr David Fraser, Chair of Highland Council’s Health Social Care and Wellbeing Committee explains: “Following a very high turnout of families at the Early Year Fun Day event, the Integrated Children’s Service Planning Board would like to build on this success by welcoming children under 12 to Eden Court on the of 11th August this year as part of Vision 26.

    “To help shape the format of this year’s Vision 26, we need to hear what families thought of the Brighter Beginnings Event and what they would like to see in future events.”

    If you attended the Brighter Beginnings Family Fun Day at Eden Court on 3rd March 2025 and you were one of the many families who turned out to take part in the free activities including messy play, scavenger hunt, outdoor play and puppet shows; or you enjoyed the police car and play bus, we want to hear from you what that experience was like.

    The Council would like to hear your viewpoint by completing the online form at: https://forms.office.com/e/wx9APAHaFR. All Feedback will be anonymous and will help planning for future events based on the responses.

    15 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Islands District Office co-ordinates interdepartmental drill on emergency response to flooding in Tai O (with photos)

    Source: Hong Kong Government special administrative region

    Islands District Office co-ordinates interdepartmental drill on emergency response to flooding in Tai O  
    The IsDO, the Fire Services Department, the Hong Kong Police Force, the Hong Kong Observatory (HKO), the Drainage Services Department, the Social Welfare Department, the Housing Department, the Civil Engineering and Development Department, the Civil Aid Service, the Tai O Rural Committee, the Neighbourhood Advice-Action Council, the Hong Kong Young Women’s Christian Association Tai O Community Work Office, the Hong Kong Red Cross and the Buddhist Fat Ho Memorial College participated in the drill. The drill simulated an actual situation with unexpected elements to increase the difficulty. Participating departments and organisations were required to carry out rescue tasks immediately under unexpected circumstances, posing challenges to and strengthening their response capabilities.

         According to the emergency response plan, when the HKO forecasts that the sea level at Tai O would rise to 3.3 metres above Chart Datum or more in the coming few hours, the emergency response plan for severe flooding in Tai O will be fully activated. The HKO will issue an alert to relevant government departments, organisations, Tai O resident representatives and fishermen representatives by SMS. Upon receipt of the alert, the IsDO will activate an emergency co-ordination centre at the Tai O Rural Committee Office, jointly set up by government departments and non-governmental organisations. The emergency co-ordination centre will co-ordinate any necessary evacuation, rescue and emergency relief efforts for Tai O.
     
    Upon receipt of the HKO’s alert, resident representatives and fishermen representatives in Tai O will also help disseminate the information to residents to enable them to stay vigilant and take refuge in safe locations if necessary. In addition, temporary shelters at the Tai O Rural Committee Office, the Hong Kong Young Women’s Christian Association Tai O Community Work Office and the Buddhist Fat Ho Memorial College, and the Transit Centre situated at Lung Tin Estate will be opened for residents in need.
    Issued at HKT 17:20

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Governor Newsom unveils proposal to cut red tape and fast-track housing and development

    Source: US State of California 2

    May 14, 2025

    “We’re done with barriers. Let’s get this built.”

    What you need to know: Governor Newsom’s proposed budget includes proposals to streamline permitting and accelerate development  —- clearing the path for more housing and economic opportunity. 

    SACRAMENTO – Governor Gavin Newsom is announcing a new legislative proposal as part of the May Budget Revision to remove regulatory barriers that have stood in the way of the state’s progress. The proposal reinforces the state’s commitment to building more homes faster, while creating greater economic stability, affordability, and opportunity for California families. It speeds up permitting timelines, removes key regulatory barriers, and introduces innovative financing tools that support infill and transit-oriented development.

    The Governor is also proposing to partner with the Legislature to incorporate related measures into the budget to accelerate infill and economic development, including Assembly Bill 609 (Wicks) and Senate Bill 607 (Wiener). These measures aim to streamline CEQA to provide greater regulatory certainty and faster project delivery. 

    “To meet California’s housing goals, we need certainty, accountability, and smarter land use  — not the endless regulatory delays that have held us back for decades. This proposal delivers lasting reforms to align our systems for long-term impact: more housing, stronger communities, and sustainable growth that reflects the bold, forward-thinking spirit of California. The Golden State was built on boldness and innovation, not red tape — we can’t continue to block our own economic success. We’re done with barriers. Let’s get this built.”

    Governor Gavin Newsom

    Removing barriers to progress

    This proposal builds on Governor Newsom’s ongoing efforts to expand housing access and end the decades-long homelessness crisis — an issue that continues to impact communities across the country. Governor Newsom took on this challenge by committing to plan for more than 2.5 million homes over the current housing planning cycle, including at least one million affordable homes for lower-income households, helping to provide every Californian a place to call home. This target is more than double the number of homes planned for in the previous cycle.  

    Since taking office, the Governor has championed and signed an unprecedented amount of housing legislation, including 42 housing-related CEQA reforms, stronger accountability measures, and historic levels of state support to help local governments meet their housing goals. While these foundational changes have laid the groundwork for long-term progress, decades of complex, overlapping regulations continue to slow needed housing development. 

    Today, the Governor is taking the next step toward meeting California’s housing goals by targeting entrenched regulatory barriers that continue to cause costly delays. These proposals are designed to cut through bureaucracy, accelerate progress, and deliver lasting reforms that will shape a more affordable, inclusive, and resilient California for generations to come. 

    More housing, faster 

    The Governor’s May Revision prioritizes climate-smart housing reforms that deliver more homes, faster, in places that reduce pollution and improve quality of life. A key part of this effort is ensuring a level playing field by aligning Coastal Commission permitting timelines to those that apply to other agencies, so that communities in the Coastal Zone are not left behind when it comes to urgently needed housing. 

    The May Revision also introduces an innovative financing strategy for developers that links vehicle miles traveled (VMT) reductions with infill and transit-oriented housing production, further aligning the state’s climate goals with housing needs. This proposal helps move forward the state’s commitment to faster, smarter infill development as outlined in the Governor’s July 2024 executive order. These reforms protect the environment, support working families, create good-paying jobs, and expand economic opportunity across California.

    The Governor’s May Revision helps cut red tape and remove barriers, helping propel the Golden State forward by:

    • Streamlining Coastal Commission permits — Creating fairer, faster housing approvals where homes are urgently needed by aligning Coastal Commission permitting timelines with those of other permitting agencies.  The proposal will increase accountability and regulatory certainty for urgently needed housing in coastal communities.
    • Doubling down on smart housing policies  — Promoting infill and transit-oriented development that reduces emissions and vehicle miles traveled. 
    • Unlocking economic opportunity — Advancing policies that create jobs, attract private investment, and accelerate housing and economic development. 

    These proposals are intended to quickly implement and reinforce existing policy and budget investments by streamlining approvals, reducing regulatory delays, and aligning land use decisions. They build on recent administrative efforts and respond to continued legislative interest in advancing practical, lasting reforms.

    Press releases, Recent news

    Recent news

    May 14, 2025

    News Tax cut for military retireesUniversal pre-kindergarten for all Expanded before school, after school, & summer schoolFree school meals for all kids Boosting literacy & readingBuilding more housing, ASAPMore water for CaliforniansLowering drug…

    May 14, 2025

    News Reducción de impuestos para jubilados militares Pre-kinder universal para todos Ampliación de programas antes y después de clases y cursos de verano Alimentación escolar gratuita para todos los niños Impulso de la alfabetización y la lectura Construyendo más…

    May 14, 2025

    News “We’re done with barriers. Let’s get this built.”   What you need to know: Governor Newsom today, as part of the May Revise, is announcing a significant proposal to fast-track infrastructure improvements to the State Water Project — saving the state billions…

    May 14, 2025

    “We’re done with barriers. Let’s get this built.”

    What you need to know: Governor Newsom’s proposed budget includes proposals to streamline permitting and accelerate development  —- clearing the path for more housing and economic opportunity. 

    SACRAMENTO – Governor Gavin Newsom is announcing a new legislative proposal as part of the May Budget Revision to remove regulatory barriers that have stood in the way of the state’s progress. The proposal reinforces the state’s commitment to building more homes faster, while creating greater economic stability, affordability, and opportunity for California families. It speeds up permitting timelines, removes key regulatory barriers, and introduces innovative financing tools that support infill and transit-oriented development.

    The Governor is also proposing to partner with the Legislature to incorporate related measures into the budget to accelerate infill and economic development, including Assembly Bill 609 (Wicks) and Senate Bill 607 (Wiener). These measures aim to streamline CEQA to provide greater regulatory certainty and faster project delivery. 

    “To meet California’s housing goals, we need certainty, accountability, and smarter land use  — not the endless regulatory delays that have held us back for decades. This proposal delivers lasting reforms to align our systems for long-term impact: more housing, stronger communities, and sustainable growth that reflects the bold, forward-thinking spirit of California. The Golden State was built on boldness and innovation, not red tape — we can’t continue to block our own economic success. We’re done with barriers. Let’s get this built.”

    Governor Gavin Newsom

    Removing barriers to progress

    This proposal builds on Governor Newsom’s ongoing efforts to expand housing access and end the decades-long homelessness crisis — an issue that continues to impact communities across the country. Governor Newsom took on this challenge by committing to plan for more than 2.5 million homes over the current housing planning cycle, including at least one million affordable homes for lower-income households, helping to provide every Californian a place to call home. This target is more than double the number of homes planned for in the previous cycle.  

    Since taking office, the Governor has championed and signed an unprecedented amount of housing legislation, including 42 housing-related CEQA reforms, stronger accountability measures, and historic levels of state support to help local governments meet their housing goals. While these foundational changes have laid the groundwork for long-term progress, decades of complex, overlapping regulations continue to slow needed housing development. 

    Today, the Governor is taking the next step toward meeting California’s housing goals by targeting entrenched regulatory barriers that continue to cause costly delays. These proposals are designed to cut through bureaucracy, accelerate progress, and deliver lasting reforms that will shape a more affordable, inclusive, and resilient California for generations to come. 

    More housing, faster 

    The Governor’s May Revision prioritizes climate-smart housing reforms that deliver more homes, faster, in places that reduce pollution and improve quality of life. A key part of this effort is ensuring a level playing field by aligning Coastal Commission permitting timelines to those that apply to other agencies, so that communities in the Coastal Zone are not left behind when it comes to urgently needed housing. 

    The May Revision also introduces an innovative financing strategy for developers that links vehicle miles traveled (VMT) reductions with infill and transit-oriented housing production, further aligning the state’s climate goals with housing needs. This proposal helps move forward the state’s commitment to faster, smarter infill development as outlined in the Governor’s July 2024 executive order. These reforms protect the environment, support working families, create good-paying jobs, and expand economic opportunity across California.

    The Governor’s May Revision helps cut red tape and remove barriers, helping propel the Golden State forward by:

    • Streamlining Coastal Commission permits — Creating fairer, faster housing approvals where homes are urgently needed by aligning Coastal Commission permitting timelines with those of other permitting agencies.  The proposal will increase accountability and regulatory certainty for urgently needed housing in coastal communities.
    • Doubling down on smart housing policies  — Promoting infill and transit-oriented development that reduces emissions and vehicle miles traveled. 
    • Unlocking economic opportunity — Advancing policies that create jobs, attract private investment, and accelerate housing and economic development. 

    These proposals are intended to quickly implement and reinforce existing policy and budget investments by streamlining approvals, reducing regulatory delays, and aligning land use decisions. They build on recent administrative efforts and respond to continued legislative interest in advancing practical, lasting reforms.

    Press releases, Recent news

    Recent news

    May 14, 2025

    News Tax cut for military retireesUniversal pre-kindergarten for all Expanded before school, after school, & summer schoolFree school meals for all kids Boosting literacy & readingBuilding more housing, ASAPMore water for CaliforniansLowering drug…

    May 14, 2025

    News Reducción de impuestos para jubilados militares Pre-kinder universal para todos Ampliación de programas antes y después de clases y cursos de verano Alimentación escolar gratuita para todos los niños Impulso de la alfabetización y la lectura Construyendo más…

    May 14, 2025

    News “We’re done with barriers. Let’s get this built.”   What you need to know: Governor Newsom today, as part of the May Revise, is announcing a significant proposal to fast-track infrastructure improvements to the State Water Project — saving the state billions…

    MIL OSI USA News –

  • MIL-OSI Russia: Science Unites: Polytechnic and Universities of Uzbekistan Build a Sustainable Future

    Translation. Region: Russian Federal

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

    Teachers of the Institute of Industrial Management, Economics and Trade of SPbPU took part in the largest scientific events in the leading universities of Uzbekistan – inKarshi State University and the Tashkent State Technical University named after Islam Karimov, and also held open lectures for students of the Tashkent State University of Economics.

    The international conference “Green Energy and Green Economy” was held at Karshi University, bringing together specialists from various countries. It was attended by teachers from three Higher Schools of IPMEiT: the Higher School of Engineering and Economics (HSE), the Higher School of Industrial Management (HSIM), and the Higher School of Service and Trade (HSST).

    Professor of VIES Alexander Babkin, at the invitation of the organizing committee, became a speaker, plenary speaker and moderator of the section “Formation of a green economy”. He presented a report on the topic “Green digital intelligent economy and Industry 5.0/6.0”, in which he outlined a new paradigm of a green intelligent economy based on the ESG concept, focusing on the rapid development of digital technologies both in the economy and industry.

    Interaction with specialists from the Faculty of Economics of Karshi State University has been going on for more than two years and is developing successfully. Having gathered on its site representatives of universities, scientific and public organizations, industrial enterprises, this conference has become a platform for exchanging knowledge and experience in the field of sustainable ESG development, – emphasized Alexander Vasilyevich.

    At the plenary session in an online format, Olga Kalinina, Director of the Higher School of Industrial Management, spoke with a report on the results of the work obtained by the teachers of the Higher School of Industrial Management, working within the framework of the bachelor’s and master’s degree programs in energy management.

    The second day of work was held in the format of sectional meetings, where the discussion of current issues on the conference topic continued. The sections in the online format were attended by teachers of the Higher School of Management and Management — associate professors Maxim Izmailov, Alexander Titov, Roman Okorokov and assistant Sergey Chayuk. They presented their scientific research in the field of strategies and methods for reducing the carbon footprint, prospects for using wave power plants in the context of digital transformation, features of digital transformation in the energy sector, as well as the practical application of artificial intelligence in the energy sector.

    The second significant event for the development of international cooperation of the Polytechnic University was the participation of IPMEiT teachers at the invitation of the Tashkent State Technical University named after Islam Karimov (TashSTU) in the international scientific and practical conference “Optimization of Industrial Economics and Management Based on Innovative Technologies: Modern Approaches”.

    Professor of VIES Alexander Babkin spoke at the plenary session with a report on the topic “The concept of digital strategizing the development of intelligent industrial ecosystems in the context of Industry 5.0/6.0”. At the plenary session of the TashSTU conference, Olga Kalinina, Director of the Higher School of Industrial Management, and Irina Zaychenko, Head of Educational Programs of the Functional Management Cluster, Associate Professor, spoke with a joint report on the topic: “The Role of Higher Education in the Sustainable Development of Society in the Training of Management Personnel for Industry in the Context of Digitalization”. In their speech, the colleagues highlighted the main features of training highly qualified personnel in the context of ensuring technological leadership.

    Our cooperation with the Department of Economics and Management in Industry of TashSTU, headed by Professor Gulchekhra Allaeva, began in April 2022. During this time, not only certain scientific results were achieved, but also partnership and friendly relations were established between our structural divisions. I hope that we will not stop there and will continue to increase cooperation, – Olga Kalinina noted.

    At the sectional meeting, Ekaterina Fedorakhina, an intern at the Higher School of Management and Management of Management, a 2nd-year Master of the educational program “Digital Business Management”, presented a report on the topic “Trends in the development of industry in the Russian Federation in the context of digital transformation.”

    The reports of our colleagues from St. Petersburg set a high scientific level for the discussion. Their approaches to training personnel are especially relevant for our educational environment, – emphasized the organizer of the conference, head of the Department of Economics and Management in Industry at TashSTU Gulchekhra Allaeva.

    Concluding the visit of Polytechnic representatives to universities in Uzbekistan, Acting Director of the Higher School of Public Administration Olga Nadezhina visited the Tashkent State University of Economics (TSUE), which is partner of our university from 2022.

    She took part in a methodological seminar for teachers, organized by the Department of Economic Security of TSUE, where key areas of development of personnel training in the field of AML/CFT were discussed, including the introduction of advanced educational and scientific practices of the HSSU IPMEiT, the organization of joint scientific events for teachers and students, and the development of partnerships between the educational structural divisions of the two universities.

    Cooperation between our universities opens new horizons for students and teachers, combining best practices and innovative approaches in education and science. I am confident that joint initiatives will make a significant contribution to the development of academic dialogue and the training of highly qualified specialists for our countries, Olga Nadezhina emphasized.

    In addition, lectures and practical classes on the course “Food Security” were held for TSUE students, which aroused great interest and facilitated the exchange of relevant knowledge in this area.

    Participation of IPMET representatives in major events of three universities of the Republic of Uzbekistan became another important step in strengthening scientific and educational cooperation and exchange of experience between Russian and Uzbek universities. Colleagues presented the results of fundamental, applied and methodological research that are part of the joint international research agenda in the field of green economy, industry and economic security in the context of digitalization and new reality, – summed up the work of IPMET representatives, Director of the Institute Vladimir Shchepinin.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Scientists from Akademgorodok have proven that terahertz radiation can become an effective method for diagnosing cancer and eye diseases

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University –

    Researchers from the Laboratory of Nuclear and Innovative Medicine of Novosibirsk State University, together with specialists from the Research Institute of Clinical and Experimental Lymphology (NIIKEL, a branch of the ICG SB RAS), the Novosibirsk branch of the S.N. Fedorov National Medical Research Center for Scientific and Technical Complex “Microsurgery of the Eye” of the Ministry of Health of the Russian Federation, the Institute of Cytology and Genetics of the Siberian Branch of the Russian Academy of Sciences, the N.N. Vorozhtsov Novosibirsk Institute of Organic Chemistry SB RAS (NIOC SB RAS), and the G.I. Budker Institute of Nuclear Physics (INP SB RAS) conducted a series of experiments to study the effects of various protocols for irradiating rabbit eyes with terahertz radiation. The results of the study were published in the article “Assessment of the general clinical condition and functional properties of the eyes of rabbits after THz irradiation” published in the journal Biomedical Optics Express.

    The studies were conducted on a unique source of terahertz radiation of the biological user station of the Novosibirsk Free Electron Laser (NFEL) of the Institute of Nuclear Physics SB RAS with a frequency of 2.3 THz and an intensity of 0.012–0.024 mW/cm2. Irradiation durations of 15 and 30 minutes with different intensities were used.

    The scientists specified that all observed changes in the cornea of the laboratory animals were subclinical, i.e. asymptomatic, and did not lead to significant pathological changes. These scientific studies are aimed at developing future instructions and recommendations for working with THz radiation and have been approved by the Ethics Committee.

    — In the process of preparing and conducting the experiment, it was necessary to generate a lot of know-how and life hacks related to both purely practical issues, for example, with the delivery of rabbits to the INP for irradiation in winter, and with the organization of their ophthalmological examination. Some of the diagnostic studies were carried out on equipment provided to us by the Interra veterinary network and its director Elena Drobot, which greatly simplified our logistics. And in general, this is a very large-scale experiment in terms of the number of participants, which was conceived by NSU and which was completely impossible to implement without the INP, namely without the unique FEL installation and this user station. The task that we set for ourselves — to see how terahertz radiation affects the tissues of a healthy organism of a large model animal — we accomplished. And it is rabbits as an object of research that are good because the data obtained on them are most extrapolated to humans, — said the head of the Laboratory of Nuclear and Innovative Medicine Physics Department of NSU Vladimir Kanygin.

    The collaboration of scientists approached the preparation and setting up of the experiment very carefully, performing each stage as thoroughly as possible. This was necessary to cut off any external factors affecting living organisms, such as a change in the usual temperature regime, stress from transportation, etc. Before the experiment, the laboratory animals underwent a 14-day quarantine in the vivarium of the NIOC SB RAS. Before the start of the experiments, the veterinarians participating in the work conducted a full examination of the animals to exclude possible eye diseases, such as cataracts.

    Diagnostic examinations of rabbits were conducted on day zero, i.e. on the day of irradiation, the next day, a week later and a month later by specialists of the Scientific and Technical Complex “Microsurgery of the Eye”. Veterinarians monitored the condition of the rabbits at each stage of irradiation and after it.

    — Ophthalmologists conducted diagnostic studies of the rabbits’ eyes using optical computed tomography and endothelial microscopy. Our study confirms the fact of the dose-dependent effect of terahertz radiation at high frequencies on the structures of the anterior segment of the eye, in particular, on the endothelial layer of the cornea, which is a unique “pump” for maintaining optimal hydration and homeostasis of the cornea, — explained Kristina Krasner, assistant of the Department of Surgical Diseases of the Institute of Medicine and Medical Technologies of NSU, ophthalmologist of the Novosibirsk branch of the Scientific and Technical Complex “Microsurgery of the Eye”, junior researcher of the laboratory of cell technologies of the Research Institute of Cellular and Electron Microsurgery.

    On the day of irradiation, the animals’ blood was tested, which showed that a systemic inflammatory process was occurring in the body. However, scientists came to the conclusion that this was the body’s reaction to stress, since living organisms have no mechanisms of protection against terahertz radiation.

    Further studies have shown that terahertz radiation with parameters of 2.3 THz and intensity of 0.012–0.024 mW/cm2 for 30 minutes is conditionally safe for the structures of the rabbit eye. However, the detected changes in the cornea require further study to determine safe exposure limits. It was noted that irradiation of the rabbit cornea led to a decrease in the density of endothelial cells. The detected changes were reversible and did not lead to pathological changes in the cornea.

    — Terahertz radiation and terahertz spectroscopy based on it can really enter clinical practice as an effective method for diagnosing oncological diseases or for possible diagnostics of diseases of the organ of vision. Despite the fact that this type of diagnostics is currently experimental and is at the development stage, it is already necessary to start thinking about safety recommendations when working with sources of terahertz radiation. In the course of this study, we studied the effect of various terahertz radiation protocols in time and intensity on the cornea of the eyes of eight laboratory animals – rabbits. We assessed only changes in the anterior segment of the eyeball. Based on the data we obtained, it is premature to draw final conclusions, but the study is a good foundation for drawing up such recommendations in the future, — commented Ekaterina Butikova, Junior Researcher at the Laboratory of Cell Technologies, Research Institute of Cellular and Electron Chemistry, Branch of the Institute of Cytology and Genetics, Siberian Branch of the Russian Academy of Sciences.

    Scientists involved in the experiments emphasize that the generation of terahertz radiation with the parameters required to conduct the study is only possible at the biological user station of the Novosibirsk Free Electron Laser (NFEL) of the INP SB RAS.

    — In terms of average power, NLSE exceeds any existing sources in the world by many orders of magnitude, which allows us to conduct absolutely unique experiments in a very wide range of wavelengths with various biological objects. If we affect living systems with terahertz radiation, we can quite strongly influence the work of their cells, the processes occurring inside them. Such experiments are of interest from the point of view that no living organism has developed any protective mechanisms against intense THz radiation, since it is completely absorbed by the atmosphere, which means that by affecting biological objects, we can study how they adapt, what protective mechanisms they activate. For such biological experiments, a special user station was created at NLSE, which implemented the technology for regulating the average and peak radiation power, as well as the intensity of exposure. For the purity of the experiments, the station was equipped with a shutter and a thermal imager — these devices maintain and control the desired temperature. Thanks to this, we understand that we are receiving the system’s reaction specifically to the effect of radiation, and not to an increase or decrease in temperature, explained Vasily Popik, a senior researcher at the INP SB RAS and a candidate of physical and mathematical sciences.

    Experiments on laboratory animals are widely used all over the world to obtain fundamental knowledge, as well as to identify the root causes of various diseases in humans and animals, to study treatment options. All such experiments are conducted in accordance with ethical standards for the treatment of laboratory animals and are approved by the ethics committee before they begin. The Bioethics Committee of the ICG SB RAS approved the experimental work with animals on the topic: “Clinical changes in the rabbit cornea after exposure to THz radiation.”

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

    MIL OSI Russia News –

  • MIL-OSI Russia: IMF Staff Completes the 2025 Article IV Mission to Singapore

    Source: IMF – News in Russian

    May 15, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • Singapore’s economy recovered in 2024 but is forecast to slow down in 2025 due to the recent escalation of global trade tensions. Inflation is expected to stay muted.
    • Fiscal and monetary policies are appropriately supporting the economy. Singapore has ample fiscal space to provide additional temporary and targeted support in case downside growth risks materialize.
    • Singapore’s financial sector remains sound and resilient, underpinned by well-capitalized and liquid banks. Potential financial sector risks from tightening global financial conditions should continue to be closely monitored.

    Washington, DC: An International Monetary Fund (IMF) team, led by Mr. Masahiro Nozaki, conducted discussions on the 2025 Article IV Consultation with the Singaporean authorities and other stakeholders from May 5 to May 15, 2025. At the conclusion of the discussions, Mr. Nozaki issued the following statement:

    “Singapore’s economy recovered strongly in 2024 and disinflation advanced. Growth increased to 4.4 percent in 2024, from 1.8 percent in 2023, supported by an upturn in the global technology cycle. Headline inflation decreased to 1.5 percent in end-2024 and further to 0.9 percent in March 2025, reflecting disinflation in both tradable and non-tradable prices.

    “However, the recent escalation of trade tensions and an associated spike in global policy uncertainty—as highlighted in the April 2025 World Economic Outlook—have sharply weakened Singapore’s economic outlook. Growth is projected to slow to 1.7 percent in 2025. Inflation is expected to stay muted, with headline inflation and Monetary Authority of Singapore (MAS) Core Inflation forecast at 1.1 percent and 1.0 percent in 2025, respectively, due to emerging slack in the economy and projected declines in commodity and other tradables prices from slower global growth.

    “There is a high degree of uncertainty around this forecast, reflecting elevated global economic and policy uncertainty. Risks to growth are firmly tilted to the downside, stemming from a possible further escalation of global trade tensions and a sharp tightening of global financial conditions. While risks to inflation are tilted to the downside due to weaker-than-expected global and domestic growth, potential upside inflation risks, including from possible supply chain disruptions, should also be monitored.

    “Against this backdrop, MAS appropriately loosened monetary policy in January and April 2025. In view of weak inflation, slowing growth, and emerging slack in the economy, staff sees scope for further monetary policy easing in the near term. However, MAS should remain vigilant and data dependent with respect to the speed and magnitude of easing in light of the large uncertainty, as well as both upside and downside risks around the inflation outlook.

    “The expansionary fiscal stance for FY2025 (April 2025-March 2026) is appropriate against the backdrop of slowing growth, increasing economic slack, and elevated downside risks. Continued support to households and firms will provide ongoing relief, while enhanced infrastructure spending will support domestic demand and help promote long-term growth. Singapore has ample fiscal space that can be deployed to provide targeted and temporary fiscal support in the event of downside risks materializing. Over the medium term, currently untargeted transfers should be phased out or better targeted to vulnerable households and firms. With strong fiscal institutions and buffers, Singapore is well positioned to meet its medium-term fiscal spending needs, including for rising healthcare costs due to an aging population, scaling up high-quality public infrastructure, and strengthening social safety nets.

    “Singapore’s financial sector is resilient. Banks are well capitalized, have ample liquidity, and are profitable. The authorities’ regulatory and supervisory efforts have contained existing financial sector vulnerabilities, including from cross-border exposure, reliance on foreign exchange funding, residential and commercial real estate exposures, interconnectedness between banks and nonbank financial institutions (NBFIs), and exposures to relatively small segments of highly leveraged corporates and households. Nonetheless, in view of the risk of a sharp tightening of global financial conditions, continued vigilance is warranted against these vulnerabilities.

    “We welcome the steady implementation of the authorities’ Forward Singapore initiative, including enhanced paid parental leave to support young families; enhanced grants for low-income first-time home buyers to improve housing affordability; and additional transfers to improve the retirement adequacy for low-income workers and retirees. The introduction of temporary financial support for involuntarily unemployed individuals has helped strengthen Singapore’s social safety nets. The government continues to make progress with helping workers to reskill and firms to adopt AI technologies.

    “The IMF team would like to thank the authorities and other counterparts for their close collaboration and productive discussions.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pavis Devahasadin

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/05/15/pr25147-singapore-imf-completes-2025-aiv-mission

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Speech by SCED at APEC MRT Meeting discussion session on AI Innovation for Trade Facilitation (English only)

    Source: Hong Kong Government special administrative region

         â€‹Following is the speech by the Secretary for Commerce and Economic Development, Mr Algernon Yau, at the discussion session entitled “AI Innovation for Trade Facilitation” at the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade Meeting in Jeju, Korea, today (May 15):
     
         Good afternoon, Chair and fellow Ministers.
     
         Let me begin by expressing my sincere gratitude to Korea for the warm hospitality extended to the Hong Kong, China (HKC) delegation and for hosting us in this beautiful island of Jeju.
     
         Digitalisation, coupled with artificial intelligence (AI), has been quickly transforming businesses, unlocking new opportunities, and redefining how goods and services move across borders these days. As part of HKC’s wider efforts in developing the AI industry, we have, as early as in 2022, set out clear strategic directions and a detailed action plan for promoting the development of AI in our Hong Kong Innovation and Technology Development Blueprint.
     
         HKC is also keen to embrace the transformative power of AI in trade. For instance, innovative technologies such as AI-powered tools have been adopted to ensure effective enforcement controls while streamlining customs clearance procedures. Our final phase of the Trade Single Window will establish a highly automated cargo risk assessment engine to expedite clearance using AI, and we expect this to be rolled out next year. Our Customs and Excise Department is also modernising its information technology infrastructure, thus enabling the use of a sophisticated data pipeline with the latest AI technologies.
      
         As with every new innovative development, whilst we grasp the opportunities and benefits, it is at the same time crucial to ensure such developments are ethical, responsible and inclusive. To this end, HKC has adopted a pro-innovation regulatory approach to construct a well-balanced governance framework that could cater to all stakeholders in the AI ecosystem. Just a few weeks ago, the Hong Kong Generative Artificial Intelligence Technical and Application Guideline was released to provide practical operational guidelines for technology developers, service providers and users in the application of generative AI technology. Furthermore, we plan to amend our legislation in order to further enhance HKC’s copyright regime regarding protection for AI technology development.
     
         We recognise that AI is utilised across different sectors, with trade being just one of them. We are also acutely aware that there are a number of ongoing discussions in international forums to discuss AI development, including rules setting and governance. This notwithstanding, we see much room for collaboration amongst member economies on AI in trade, particularly on its applications for trade facilitation measures and customs procedures in APEC.
     
         In the current era with rising protectionism and unilateralism, it has become even more important for APEC to showcase to the world that regional economic co-operation in the area of AI matters and can bring benefits to the people of the entire region. APEC should leverage its role to foster regional dialogue on ensuring safe and responsible use of AI for trade, exchange experiences and knowledge, promote public-private collaboration, enhance transparency of regulatory frameworks, and strengthen partnerships among member economies, taking into account the different development stages of member economies.
     
         HKC is ready to contribute and collaborate with fellow member economies to harness AI for trade and to drive high-quality growth across the region.
     
         Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SCED urges APEC member economies to unite in defending rules-based multilateral trading system (with photos)

    Source: Hong Kong Government special administrative region

         The Secretary for Commerce and Economic Development, Mr Algernon Yau, stressed the importance of upholding the rules-based multilateral trading system at the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade (MRT) Meeting in Jeju, Korea, today (May 15).
     
         Speaking at the session entitled “Connectivity through Multilateral Trading System”, Mr Yau said that the recent upheaval caused by unilateral tariff measures poses a threat to the multilateral trading system, representing an imminent challenge to the global trade landscape. The substantive progress made at the high-level meetings between two economies, where both sides have agreed to significantly reduce their bilateral tariffs and continue discussions in a spirit of openness, continuous communication, co-operation and mutual respect, marked a pivotal step towards fostering stability in global trade and reinforces the shared commitment to advancing constructive economic relations within the APEC region and beyond.
     
         He pointed out that, as a free port, Hong Kong has long championed free trade in the past and remains firmly committed to the rules-based multilateral trading system now and in the future. Hong Kong also remains committed to engaging in constructive dialogues to enhance the World Trade Organization (WTO)’s functionality, resilience and effectiveness.
     
         Mr Yau called upon member economies to unite in defending the open, predictable and inclusive character of global trade and to collaborate closely to uphold and strengthen the system, thereby safeguarding global economic stability.
     
         Meanwhile, Mr Yau encouraged member economies to intensify collaborative efforts to finish the unfinished business at the 13th WTO Ministerial Conference, such as bringing into force the Agreement on Fisheries Subsidies, and incorporating the plurilateral Investment Facilitation for Development Agreement into the WTO legal architecture. Demonstrating concrete progress will assure the global community that the WTO remains vibrant, effective and capable of addressing contemporary trade challenges effectively.
     
         At another discussion session entitled “AI Innovation for Trade Facilitation”, Mr Yau said that digitalisation, coupled with AI, has been quickly transforming businesses, unlocking new opportunities, and redefining how goods and services move across borders these days.
     
         He noted that Hong Kong is keen to embrace the transformative power of AI in trade. For instance, innovative technologies such as AI-powered tools have been adopted to ensure effective enforcement controls while streamlining customs clearance procedures. The final phase of the Trade Single Window will establish a highly automated cargo risk assessment engine to expedite clearance using AI.
     
         Mr Yau said that while there are a number of ongoing discussions in international forums to discuss AI development, including rules setting and governance, there is much room for collaboration among member economies on AI in trade. He added that in the current era with rising protectionism and unilateralism, it has become even more important for APEC to showcase to the world that regional economic co-operation in the area of AI matters and can bring benefits to the people of the entire region. He added that Hong Kong is ready to contribute and collaborate with fellow member economies to harness AI for trade and to drive high-quality growth across the region.
     
         On the margins of the MRT Meeting today, Mr Yau met with the China International Trade Representative and Vice Minister of Commerce, Mr Li Chenggang; the Deputy Minister for Trade of Korea, Mr Park Jong-won; as well as the Minister for Trade and Investment of New Zealand, Mr Todd McClay, separately to exchange views on various issues of mutual concern.
     
         Mr Yau also paid a courtesy call on the Governor of Jeju Special Self-Governing Province, Mr Oh Young Hun, yesterday (May 14) to give him an update on the latest developments of Hong Kong and exchange views on promoting closer bilateral relations.
     
         Mr Yau will continue to join the MRT Meeting tomorrow (May 16).

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: President Meloni’s statement on America’s Cup in Naples

    Source: Government of Italy (English)

    I am proud to announce that, for the first time in history, the America’s Cup will be held in Italy.

    In 2027, Naples will be the host city for the 38th edition of the world’s most famous and prestigious sailing competition, a global event involving millions of enthusiasts and representing a unique blend of tradition, technological innovation, engineering excellence and competitive spirit.

    I wish to thank Minister for Sport and Youth Andrea Abodi, Minister of Economy and Finance Giancarlo Giorgetti, Mayor of Naples Gaetano Manfredi, Sport e Salute S.p.A., and all those who have worked, with passion and determination, to achieve this great result.

    The choice of the Parthenopean capital will contribute to strengthening the renewed leading role of the South of Italy, which in recent years has been able to rediscover its dynamism and pride, recording GDP growth and employment levels above the national average.

    The America’s Cup being organised in Naples will also allow for an acceleration of the substantial redevelopment and regeneration plan launched by the Government to transform the city’s Bagnoli area into a modern tourism, seaside and commercial hub.

    The choice of Italy fills us with pride, as it is recognition of our Nation’s very identity. Indeed, without the sea, we would not be what we are. The sea is history, identity and culture, but is also an irreplaceable part of our production and economic system, thanks to our position of leadership in the boating, shipbuilding, shipowning and cruise industries as well as in many other areas linked to the blue economy.

    We look forward to welcoming the America’s Cup. Italy will be up to this challenge, and will once again show the world what it is capable of.

    [Courtesy translation]

    MIL OSI Europe News –

  • MIL-OSI Russia: Uzbekistan to speed up WTO accession process

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Tashkent, May 15 /Xinhua/ — Uzbekistan will speed up the process of joining the World Trade Organization /WTO/, the press service of the head of Uzbekistan reported on Wednesday.

    “On May 14, President Shavkat Mirziyoyev reviewed the progress of Uzbekistan’s accession to the World Trade Organization and measures to accelerate this process,” the statement said.

    As reported, within the framework of the bilateral track, negotiations were held with 33 countries on market access issues, of which negotiations with 24 countries were successfully completed.

    “In particular, by the end of this year it is necessary to complete bilateral negotiations with the remaining nine countries, hold two more meetings of the Working Group and complete the preparation of the draft final report of the Working Group, thereby securing Uzbekistan’s international obligations within the WTO,” the statement said.

    “This process has been carried out since 2023 under the special control of the head of state. Over the past time, Uzbekistan has achieved concrete results in multilateral and bilateral negotiations,” the press service noted. -0-

    MIL OSI Russia News –

  • MIL-OSI: Best Instant Loans Online Guaranteed Approval Direct Lenders No Credit Check – IOnline Payday Loans

    Source: GlobeNewswire (MIL-OSI)

    SHERIDAN, Wyo., May 15, 2025 (GLOBE NEWSWIRE) — When unexpected expenses occur, waiting days for loan approval isn’t an option. Instant loans online with guaranteed approval offer a quick solution, especially for those with bad credit.

    >> Click Here to Apply for Instant Loans >>

    Unlike traditional banks, these loans focus on your repayment ability, not your credit score. Platforms like IOnline Payday Loans offer instant loans online guaranteed approval process. It will connect you to trusted lenders and help you access emergency funds within hours.

    >> Click Here to Apply for Instant Loans >>

    What Are Best Payday Loans for Bad Credit?

    Instant payday loans for bad credit are short-term, small-dollar loans designed to help you cover urgent expenses until your next paycheck. These are ideal for people who face sudden financial emergencies like medical bills, car repairs, or utility payments but don’t have access to traditional credit.

    For individuals with poor credit scores, payday loans for bad credit offer a practical solution. Unlike banks that focus heavily on credit history, payday lenders emphasize your current income and ability to repay. This increases your chances of approval, even if your credit score is low or non-existent.

    >> Click Here to Apply for Instant Loans >>

    The best payday loans for bad credit are those that provide quick application processes, minimal documentation, and, most importantly, no hard credit checks. Some lenders even promise instant loans online with guaranteed approval, speeding up the entire borrowing experience.

    However, it’s important to remember that “guaranteed approval” typically refers to high approval rates rather than an absolute guarantee. Responsible lenders will still verify your income and basic eligibility before disbursing funds.

    With trusted platforms like IOnline Payday Loans, you can easily get connected to no credit check payday loans direct lenders who offer fast approvals, transparent terms, and same-day fund transfers. This makes payday loans an accessible and efficient choice for anyone needing immediate financial relief.

    Types of Loans No Credit Check Loans Guaranteed Approval

    When time is of the essence, and your credit rating isn’t the best no credit check loans guaranteed approval direct lenders are a convenient choice. The loans are quick and convenient and don’t suffer from the common credit score barrier. Here are some of the popular ones:

    • Payday Loans for Bad Credit guaranteed approval direct lenders: These are the most common selection for borrowers that need cash immediately. Bad credit payday loans are designed to provide small, temporary expenses, most likely paid for in your subsequent payday. It is an easy process, and approval is commonly within minutes.
    • Guaranteed Installment Loans for bad credit: For people who are in need of larger sums and want to repay over months, installment loans are better. Though some of these lenders take into account credit scores, most offer no credit check loans guaranteed approval in employment and income.
    • 1 Hour Payday Loans No Credit Check: As the name indicates, these loans are approved and released within an hour. Ideal for sudden expenses, they provide lightning-fast fund transfer with low eligibility.
    • $255 Payday Loans Online Same Day: These microloans are meant for short-term small expenses. They can be applied for online and received on the same day, making them an excellent option for instant financial solutions.
    • No Credit Check Personal Loans Direct Lenders: In contrast to successive lenders, direct lenders offering personal loans with no credit check are interested in your present financial ability. They take quicker decisions and offer flexible terms without an intermediary.

    Each of these loan types serves different needs, but they all share one goal, providing quick, hassle-free funds when you need them most. Platforms like IOnline Payday Loans streamline this by connecting you to trusted lenders offering these loan options.

    How to Apply for The Best Payday Loans No Credit Check Guaranteed Approval?

    It’s fast and easy to get a no credit check payday loan by doing the following easy steps:

    Applying for a payday loan with no credit check is easy and quick if you follow these simple steps:

    Step 1: Visit IOnline Payday Loans

    Go to IOnline Payday Loans website and navigate to their loan application page. The platform specializes in connecting borrowers with trusted lenders who offer fast approvals and no credit check loans.

    Step 2: Choose your loan amount

    Decide how much you need to borrow. Whether it’s a small emergency expense like a $255 payday loans online same day or a larger amount, pick an amount you can comfortably repay.

    Step 3: Fill out the online application

    Complete a simple form with your personal details, name, age, employment status, income, and bank account information. This helps lenders assess your ability to repay the loan.

    Step 4: Submit and wait for instant matching

    After submitting the form, IOnline Payday Loans will instantly match you with no credit check payday loans direct lenders from their network.

    Step 5: Review loan offer and accept

    Once matched, you’ll receive a loan offer detailing the loan amount, repayment terms, and fees. Review the offer carefully. If satisfied, accept the terms electronically.

    Step 6: Receive funds

    After accepting, funds are typically transferred to your bank account within hours. Some lenders even offer 1 hour payday loans no credit check, so you can get the money on the same day.

    This simple process ensures that even borrowers with bad credit can access funds quickly and securely without unnecessary delays.

    Features & Advantages of IOnline Payday Loans

    IOnline Payday Loans concentrates on simplifying borrowing money in a convenient, fast, and easy manner, especially for individuals with bad credit. The benefits that they offer are as follows:

    • No credit check loans: IOnline introduces you to direct lenders who offer no hard credit check payday loans, giving applicants with poor credit a level playing field for approval.
    • Instant approval procedure: The applications are usually approved immediately, the decisions being made within minutes of application.
    • Same day fund transfer: The sanctioned borrowers are given the loan amount on the same day, with options such as $255 payday loans online same day and 1 hour payday loans no credit check.
    • Complete online application: From application to receiving funds, everything is done online, and this saves you time and effort.
    • Flexible amounts of loan: Borrowers are free to choose how much they are capable of borrowing based on their short-term need and repayment capacity.
    • Clear terms & conditions: Loan quotes explicitly state rates of interest, repayment terms, and charges so that there are no surprises.
    • Trustworthy lender network: IOnline Payday Loans has a network of several and trustworthy and verified direct lenders, providing secure and safe lending.
    • High approval rates: Emphasis is placed on your existing earnings and repayment capacity, hence easier approvals than with conventional banks.

    Why is IOnline Payday Loans the Best Option for You?

    When you experience an unexpected expense and need cash in a hurry, not every lender will be there for you, particularly if your credit history is not spotless. That is where IOnline Payday Loans is the better option. Unlike other lenders who are obsessed with credit scores, IOnline considers what is really important, your income and repayment potential.

    The site does not lend you money but brings you in touch with a reputable community of no credit check payday loans direct lenders. This implies that you do not waste time looking for reputable lenders on your own. IOnline makes it easy so that you do not have to complete several forms on various websites.

    Speed is another huge benefit. Whether it is immediate online loans with guaranteed approval or emergency options such as 1 hour payday loans no credit check, IOnline facilitates fast approvals and immediate fund transfer.

    Transparency is what differentiates IOnline as well. Loan terms are offered openly, with you receiving all the information up front. No surprises. No fees hidden. No jargon. Just honest, open lending.

    Above all else, the site is for you, a person with bad credit but still qualified for a loan. With high approval ratings, convenient loan terms, and a quick experience, IOnline Payday Loans is convenient and reliable.

    Eligibility Requirements for IOnline Payday Loans

    One of the best advantages of using IOnline Payday Loans is the simple and uncomplicated eligibility criteria. Unlike other loans that ask for a high credit score, IOnline is more concerned about your present financial situation.

    To qualify for a payday loan, you need to meet these minimum criteria:

    • You must be at least 18 years old. Legal adulthood is needed to sign a loan agreement.
    • You must be a U.S. citizen. Disbursal of loans is usually to a legal U.S. address by lenders.
    • There must be a regular income. This could be from work, self-employment or even government benefits. The lender looks at whether you can afford to repay on this basis.
    • There needs to be an open checking account. This is where your loan will be deposited and where your repayments will be withdrawn.
    • Correct contact information is required. A working phone number and email address are needed for free communication with the lender.

    These conditions guarantee that although credit history is not a barrier, the lender still checks your capability to repay responsibly. This maintains the process quick, equitable, and transparent.

    Other Types of No Credit Check Payday Loans

    Aside from the classic payday loan, there are a couple of other products that are exempt from the credit check stipulation, but that serve other purposes. They are all for the same purpose, fast money with no hassle of rigorous credit checks, but slightly different in shape and payback.

    One of those options is the installment payday loan. While most payday loans require you to pay it back in one lump sum on your next payday, installment loans let you pay it back in smaller, easier-to-handle monthly payments. This is ideal if you need a bit larger loan but don’t want to have to make the repayments.

    A different popular choice is the $255 payday loans online same day. Microloans are best suited for small, urgent expenses in which time matters. Money is typically disbursed within hours and is best used in emergencies.

    For extremely quick requirements, there are also 1 hour payday loans no credit check provided by some lenders. These are designed for urgency, and you’re approved and money in just one hour after application.

    Additionally, no credit check personal loans direct lenders provide slightly higher sums with flexible repayment conditions, ideal for those who want something more than a quick fix but do not want to be judged on credit scores.

    Websites such as IOnline Payday Loans enable you to search these options with ease by connecting you with trustworthy lenders who specialize in no credit check loans that are appropriate for your requirement.

    Wrapping Up

    At times of financial crises, waiting for conventional loan approvals is not feasible, particularly when you have a bad credit record. Instant loans with guaranteed approval online are a trustworthy option at such times. Websites such as IOnline Payday Loans make lending easy, enabling you to receive instant cash in hand without undergoing the time-consuming process of hard credit checks or waiting for long.

    Regardless of whether you need a quick $255 online same day payday loan or a larger short-term loan, IOnline leads you to responsible lenders who prioritize your current ability to repay. With easy qualifications, rapid approvals, and straightforward terms, IOnline Payday Loans is an ideal choice for you if you need quick money whenever you need it most.

    Remember, although “guaranteed approval” implies high approval rates, responsible lending must be practiced. Always borrow what you can afford and carefully read the terms of repayment.

    Frequently Asked Questions

    1.   Are guaranteed payday loans for bad credit really available?

    “Guaranteed approval” in payday loans means your chances of approval are much better even with a bad credit history. But no lender can give 100% guaranteed approval without first checking your basic eligibility and paying ability.

    Sites such as IOnline Payday Loans are comprised of lenders who specialize in instant bad credit payday loans and offer you a high approval probability if you meet with minimal income and ID requirements.

    2.   Will my credit rating be affected?

    No, applying for a IOnline Payday Loans payday loan doesn’t have an impact on your credit score. The site matches you up with no credit check direct lenders for payday loans who consider how much money you earn, not your history.

    They are able to perform a soft check, but it does not affect your credit score, so it is not dangerous for borrowers who want to avoid lowering their score any more.

    3.   Are these loans available in every state?

    Availability of payday loans is governed by the states. There are states with prohibitive lending laws that limit or prohibit payday loans.

    IOnline Payday Loans has lending partners in the U.S., but your eligibility will be governed by the laws of your state. Review the payday lending laws in your state before applying to comply.

    Project Name: IOnline Payday Loans

    Disclaimer: This announcement contains general information about Ionline payday loan services and should not be considered financial advice. Ionline Payday Loans does not guarantee loan approval, and loan terms may vary by applicant and lender requirements. Loans are available to U.S. residents only.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aaa98012-fff5-49be-98e0-27b1f1bb4ebb

    The MIL Network –

  • MIL-OSI China: China’s financial policy package injects cash and confidence to economy

    Source: People’s Republic of China – State Council News

    BEIJING, May 15 — A 0.5 percentage-point reduction in the reserve requirement ratio (RRR) for eligible financial institutions takes effect Thursday, with the move expected to inject roughly 1 trillion yuan (about 139 billion U.S. dollars) of long-term liquidity into China’s financial market.

    The RRR cut, the first such move since the start of this year, came after the seven-day reverse repos rate cut by 0.1 percentage point by the Chinese central bank, which already took effect on May 8.

    The reduction in RRR and reverse repos rate, along with expanding re-lending facilities and sci-tech innovation bonds issuance, were among a raft of supportive measures announced last week by monetary and financial regulatory bodies, as the world’s second-largest economy steps up efforts to stabilize markets and sustain economic recovery amid external headwinds.

    Analysts believe this package of supportive financial policies, by boosting liquidity supplies and reducing borrowing costs for both businesses and residents, will create a favorable financial environment for stabilizing market expectations and make an impact on consumption growth and economic restructuring.

    GROWING LIQUIDITY SUPPORT

    These supportive policies are in line with the guiding principles unveiled at a meeting of the Political Bureau of the Central Committee of the Communist Party of China in April, which called for efforts to accelerate the implementation of more proactive and effective macro policies and make full use of a more proactive fiscal policy and a moderately loose monetary policy.

    Maintaining ample liquidity through measures such as the RRR cut can provide sufficient resources for financial institutions and support lending to the real economy, while the reduction in interest rates and innovation in structural monetary policy tools will help stimulate effective domestic demand, a view broadly shared by experts.

    “A 0.5 percentage-point cut in the RRR will effectively meet the market’s demand for long-term liquidity,” said Dong Ximiao, chief researcher at Merchants Union Consumer Finance Company Limited.

    Also starting Thursday, the RRR for auto financing and financial leasing companies is slashed by 5 percentage points to zero percent, with the cut expected to increase the credit supply capacity of these two types of institutions in their respective fields.

    Dong said that this notable RRR cut targeting auto financing and financial leasing companies has drawn much market attention because of their anticipated impact on boosting car consumption and equipment upgrade investment.

    REDUCED BORROWING COSTS

    China’s central bank governor Pan Gongsheng said last week that the seven-day reverse repos rate cut is expected to result in the loan prime rate (LPR), a market-based benchmark lending rate, dropping by 0.1 percentage point.

    Effective on May 8, the interest rates on personal housing provident fund loans were also lowered by 0.25 percentage points. Meanwhile, the rate of re-lending, a structural monetary tool via which the central bank provides loans to financial institutions, was also lowered by 0.25 percentage points starting from May 7, with the cut aiming to guide financial institutions to enhance financial support for the nation’s key strategies and development fields as well as weak links.

    Chen Wenjing, director of policy research at the China Index Academy, said that the reduction in the interest rate for personal housing provident fund loans is expected to further alleviate the pressure on residents to purchase houses and boost home purchase demand. “With more supporting policies gradually being implemented, housing demand is expected to be further strengthened, which will help shore up the real estate market.”

    Based on the central bank’s announcements last week, the total re-lending facility quota, including increased quota and newly established quota, will reach 1.1 trillion yuan for the areas spanning agriculture, private firms, sci-tech innovation, services consumption and elderly care.

    Analysts say the adjustment and optimization of the structural monetary policy tools are in line with the nation’s economic restructuring efforts and are geared toward promoting consumption and sci-tech innovation, with all these recent supportive policies helping boost market confidence amid external uncertainties.

    Wang Qing, chief macro analyst of Golden Credit Rating, believed that there is still room for further easing in China’s moderately loose monetary policy going forward, which will continue to provide key support for effectively hedging against external shocks and maintaining the economy’s stable growth.

    MIL OSI China News –

  • MIL-OSI China: World’s largest car carrier delivered in Shanghai

    Source: People’s Republic of China – State Council News

    The Anji Ansheng, a 9,500-space ocean-going car carrier and the largest of its kind in the world, was officially delivered Thursday afternoon at the Shanghai Haitong International Automotive Terminal.

    Built by SAIC Anji Logistics Co., Ltd., a subsidiary of SAIC Motor Corporation Limited, the vessel boasts a strong loading capacity, high energy efficiency, and is equipped with intelligent low-carbon technologies, as well as the capability to use carbon-neutral fuels.

    Later Thursday evening, the newly delivered vessel is set to depart for Europe, loaded with some 7,000 domestically produced new energy vehicles, including SAIC’s MG models. 

    MIL OSI China News –

  • J&K: Three terrorists killed in Awantipora under Operation Nader

    Source: Government of India

    Source: Government of India (4)

    Three terrorists were killed in an encounter with security forces in the Nader area of Jammu and Kashmir’s Awantipora, the Indian Army said on Thursday.

    “Three hardcore terrorists have been eliminated in the ongoing operation at Nader, Awantipora. The identity of the terrorists is being ascertained”, the Chinar Corps said in a post on X.

    https://x.com/ChinarcorpsIA/status/1922921351259513177

    Earlier on Thursday, security forces launched a joint anti-terror operation in the Nader area of Tral, Awantipora, based on special intelligence input. The Indian Army, Jammu and Kashmir Police, and CRPF were involved in the operation

    The Indian Army’s Chinar Corps confirmed the operation in a post on the social media platform X. “On 15 May 2025, based on specific intelligence input from an agency, a Cordon & Search Operation was launched at Nader, Tral, Awantipora. Upon being challenged, terrorists opened heavy fire. A fierce gunfight ensued. The operation is in progress.”

    On Tuesday, three terrorists — including a local commander of Lashkar-e-Taiba and its proxy outfit The Resistance Front (LeT/TRF) — were killed in an encounter in Shopian. The operation, carried out by the Army along with J&K Police and the CRPF, led to the recovery of AK-series rifles, grenades, and a large cache of ammunition.

     

  • MIL-OSI: ZA Miner Simplifies Passive Income Through Secure and Sustainable Cloud Mining

    Source: GlobeNewswire (MIL-OSI)

     
    Image by ZA Miner

    LONDON, May 15, 2025 (GLOBE NEWSWIRE) — In response to the growing global interest in passive income and cryptocurrency, ZA Miner has officially launched its advanced cloud mining platform, designed to make crypto earnings accessible, sustainable, and secure for users of all experience levels.

    Founded in 2020, ZA Miner combines advanced mining technology with renewable energy sources like solar and wind. The platform’s fully automated system allows users to start earning in three simple steps: create an account, choose a contract, and receive daily payouts. Mining outputs are processed every 24 hours, providing a truly passive income experience.

    “We built ZA Miner to make cryptocurrency mining simple, profitable, and environmentally responsible,” said a spokesperson for ZA Miner. “By eliminating barriers like expensive hardware and technical setup, and by powering our operations with solar and wind energy, we’ve created a future-focused solution for individuals looking to grow their income sustainably.”

    Eco-Friendly and Secure Cloud Mining

    ZA Miner stands out by fully powering its operations using renewable energy, including solar panels and large-scale wind turbines. This not only significantly reduces the platform’s carbon footprint but also contributes to a growing global movement toward green blockchain technology.

    In addition to environmental sustainability, security is a top priority. The platform uses offline cold wallets to protect user funds, combined with McAfee® SECURE and Cloudflare® SECURE protections to defend against cyber threats. This layered security approach ensures that users can mine with peace of mind.

    Flexible Investment Options

    ZA Miner offers multiple contract plans to suit different budgets and financial goals. Whether users are looking for a small investment or planning to scale, they can select a package that fits their needs and begin generating passive income immediately.

    Key Features:

    • Daily Payouts: Automated 24-hour mining rewards.
    • Clean Energy Mining: 100% powered by solar and wind energy.
    • Strong Security: Cold wallet storage and advanced online protection.
    • Expert Team: Run by experienced blockchain and IT professionals.
    • Simple Start: No hardware or technical skills required.

    Start earning passive crypto income today. Visit www.zaminer.com to create your free account and explore cloud mining plans that fit your goals.

     
    Unlock after-sleep income with ZA Miner

    About ZA Miner

    ZA Miner is a UK-based cloud mining platform founded in 2020. It provides secure, automated mining services powered by renewable energy. The platform offers flexible plans, daily earnings, and strong security features, making passive crypto income accessible to everyone.

    Media Contact:
    SHEIKH, Anisah Fatema
    ZA FUNDINGS LTD
    info@zaminer.com
    https://www.zaminer.com/

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/eb271397-79b4-49e2-aa75-afb642cffa70
    https://www.globenewswire.com/NewsRoom/AttachmentNg/3805be67-6d77-4109-8327-b2ba9777a026

    The MIL Network –

  • MIL-OSI United Kingdom: Work begins to give residents greater transport choices

    Source: City of Derby

    Work to create the city’s newest sustainable transport hub is underway on Osmaston Road, following the success of similar hubs elsewhere in the city.

    Mobility hubs give residents greater choice when deciding how to travel, as well as making it easier to choose sustainable methods such as electric vehicles (EV), car share clubs, and cycling. The hubs are also continually monitored, helping the Council to learn more about the area’s transport needs.

    Following the installation of mobility hubs in the Chaddesden and Six Streets areas, work will begin on Monday 19 May to create the latest hub, which will include:

    • Electric vehicle (EV) charging and dedicated parking for up to three EVs
    • Additional Enterprise Car Club vehicles
    • An accessible seating area with bike storage, designed in consultation with local businesses, ward councillors and the Police
    • Interactive information totem with live travel updates

    Councillor Carmel Swan, Cabinet Member for Climate Change, Transport and Sustainability said:

    Mobility hubs are a fantastic addition to Derby’s ever-growing transport offer, giving residents greater choice and helping them to travel more sustainably.

    “We’ve already seen the benefits to residents in Chaddesden and the Six Streets area, so I’m pleased that residents in Osmaston will soon be able to reap the benefits.

    “Our teams have taken the time to learn from previous hubs and feedback from residents and we’re confident that this latest hub will become a welcome addition to the community.

    To allow essential infrastructure to be installed, a small section of Whittington Street near the junction of Osmaston Road will be closed between Monday 19 and Friday 23 May. Diversion routes will be clearly signposted.

    The mobility hub will be funded by the Department for Transport (DFT)’s Future Transport Zones Fund, which was awarded to Derby City Council to trial new and exciting developments in transport.

    Residents who would like to know more about the mobility hubs can get in touch with the Future Transport Zones team by emailing traffic.management@derby.gov.uk.

    MIL OSI United Kingdom –