Tether is moving to turn its multibillion-dollar bullion base into an active lending instrument, with holders of its gold-backed XAU₮ token set to borrow against their digital claims on physical gold without selling the underlying asset. The plan extends the company’s tokenised gold strategy into collateralised credit, a market structure already familiar to holders of bitcoin who use digital assets to obtain liquidity while keeping exposure to […]
Bitcoin slipped below $60,000 in the final week of June as digital assets endured one of their sharpest weekly reversals of the year, with Dogecoin, XRP and Solana showing relative resilience while broader market sentiment weakened under pressure from interest-rate expectations, a stronger dollar and fund outflows. The largest cryptocurrency changed hands near $59,873 after briefly falling through a level watched closely by traders for signs of […]
Arabian Post Staff -Dubai Iran and the United States exchanged fresh attacks on military targets across the Gulf, placing fragile ceasefire talks under severe strain and drawing Kuwait and Bahrain deeper into a confrontation already unsettling shipping, energy markets and regional diplomacy. The Islamic Revolutionary Guard Corps said on Sunday that its naval and aerospace units had launched missiles and drones at US-linked facilities, naming Ali Al […]
Bahrain reported an Iranian drone attack and a tanker was hit in the Strait of Hormuz on Saturday, putting a fragile US-Iran ceasefire under its sharpest test since Washington and Tehran agreed to pause fighting and reopen the Gulf’s most important energy corridor. The incidents triggered new US strikes on Iranian military targets and prompted fresh accusations from both sides that the other had breached the interim […]
There is a particular kind of conversation happening in Munich, Vienna, and Zurich right now. A founder runs the numbers on another year of operating at home, looks at the tax line, the energy bill, and the months lost to permits and paperwork, and starts asking a question that would have seemed exotic a decade ago: what would it actually take to run this from Dubai? In […]
By K Raveendran India’s decision to initiate an anti-dumping investigation into cheap steel imports marks more than another defensive trade action. It is a reminder that globalisation, which New Delhi has often invoked when Indian exports face barriers abroad, becomes far more complicated when the pressure arrives at home. The steel case has exposed the […]
The article Steel Exposes Hard Limits Of Much-Vaunted Free Trade Piety appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
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Iraq has signalled that it may reconsider its position inside OPEC unless its production quota is lifted sharply, opening a new dispute inside the oil producers’ group at a time when war-related disruption in the Gulf has strained export revenues and weakened confidence in the cartel’s cohesion. The warning marks an unusually direct challenge from one of OPEC’s five founding members and its second-largest producer after Saudi […]
Dubai’s financial regulator recorded another year of strong licensing activity in 2025, as the emirate’s financial centre crossed 1,000 regulated entities and Dubai rose to seventh place in the Global Financial Centres Index, its highest position to date. The Dubai Financial Services Authority licensed and registered 182 new firms during the year, a 16 per cent increase on 2024, taking the total number of regulated entities in […]
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Avalanche has launched the Avalanche Payments Collective, bringing together 28 financial and technology groups including VanEck, Franklin Templeton, Anchorage Digital and Paxos in a push to build blockchain-based infrastructure for global payments, treasury management and settlement. The initiative, unveiled on Thursday, is designed to consolidate a payments ecosystem around Avalanche’s blockchain network, covering stablecoins, custody, foreign exchange, card issuance, business payments, asset management, global payouts and on-chain […]
A macOS backdoor linked to North Korea-aligned cyber operations has exposed a new weakness in security workflows by embedding instructions designed to confuse artificial intelligence systems used by malware analysts. The malware, tracked as macOS. Gaslight, is written in Rust and contains a 3.5 KB prompt-injection payload made up of 38 fabricated “system” messages. The messages are not aimed at Apple’s operating system or at a conventional […]
Arabian Post Staff -Dubai Abu Dhabi’s banking regulator has imposed an AED20 million penalty on the UAE branch of an unnamed foreign bank after examinations found significant and repeated failures in its anti-money laundering, counter-terrorism financing and sanctions compliance framework. The Central Bank of the UAE said the action was taken under the federal law governing the regulator and licensed financial institutions. It also imposed a separate […]
Emirates SkyCargo has expanded its freighter network across East and Southeast Asia, adding capacity on key manufacturing corridors as exporters seek faster links to markets across the Middle East, Africa, Europe and the Americas. The Dubai-based carrier said it moved more than 439,000 tonnes of cargo on freighter and passenger flights from 12 markets in East and Southeast Asia during FY2025/26, an increase of about 5 per […]
Arabian Post Staff -Dubai The Central Bank of the UAE has imposed a Dh20 million financial penalty on a branch of a foreign bank after supervisory examinations found significant and repeated failures in its anti-money laundering, counter-terrorism financing and sanctions compliance framework. The action, announced in Abu Dhabi, was taken under the federal law governing the Central Bank and the organisation of financial institutions and activities. The […]
Arabian Post Staff -Dubai J. P. Morgan has cut its Brent crude price forecast for the second half of 2026, signalling that weaker demand and smaller-than-expected stock draws have reduced the upward pressure that had kept oil markets tense through much of the year. The bank now expects Brent to average $86 a barrel in the third quarter and $80 in the fourth, with prices ending 2026 […]
Arabian Post Staff -Dubai AD Ports Group has lifted its ownership of Global Feeder Shipping to 81 percent after buying an additional 30 percent stake for $300 million, deepening Abu Dhabi’s position in regional container shipping at a time of persistent disruption across key maritime corridors. The transaction, valued at AED1.1 billion, gives the group stronger strategic and operational control over one of its most important maritime […]
State-backed hacking groups are increasingly borrowing ransomware tactics to conceal cyber-espionage campaigns, with Iran-linked MuddyWater emerging as a prominent example of a wider shift blurring the boundary between criminal extortion and intelligence operations. NCC Group has warned that threat actors tied to governments are using ransomware branding, extortion notes, victim leak sites and negotiation channels not only to increase pressure on targets but also to complicate attribution. […]
My Wallet has moved to a broader multichain identity after MyTonWallet rebranded following its expansion from a TON-native product into an 11-blockchain self-custodial wallet serving more than 9 million users. The change marks a strategic shift for a wallet launched on The Open Network in 2022, as its developers seek to position the platform beyond a single blockchain ecosystem. The product now supports TON, TRON, Solana, Ethereum, […]
HONG KONG SAR/SAN DIEGO, UNITED STATES – Media OutReach Newswire – 24 June 2026 – Hong Kong Science and Technology Parks Corporation (HKSTP), in collaboration with InvestHK as co-organiser, the Hong Kong Trade Development Council (HKTDC) as supporting organisation, and five renowned local universities – The University of Hong Kong, The Chinese University of Hong Kong, The Hong Kong University of Science and Technology, The Hong Kong Polytechnic University and City University of Hong Kong – to form the city’s largest-ever delegation of life and health technology innovators to the BIO International Convention 2026 (BIO 2026) in San Diego, from June 22 to 25.
Building on last year’s momentum, the 2026 Hong Kong delegation doubled the size of the Hong Kong Pavilion, expanding to a record of 41 organisations from HKSTP, including partner companies, research institutes, and for the first time with top five universities spin-offs. This landmark presence showcased Hong Kong’s deep strength across AI-enabled biotech, therapeutics, diagnostics, and pharma innovation, with potential outstanding “First-in-Class” and “Best-in-Class” assets. The delegation underscores the city’s leading role as Asia’s largest and the world’s second largest fundraising hub for the biotechnology sector.
Mr. Terry Wong, CEO of HKSTP, said, “BIO 2026 is a premier platform to showcase Hong Kong’s groundbreaking innovation, deepen partnerships, and open new pathways into global healthcare markets. As a super-connector, Hong Kong is uniquely positioned to bridge global innovators with opportunities across Asia and beyond. With strong R&D capabilities backed by world-class universities—five ranked among the QS Top 100, including two with medical schools now placed in the global top 20—Hong Kong’s biotech and medical research excellence is increasingly recognised worldwide. As the city’s innovation ecosystem orchestrator, HKSTP brings together talent, capital, research institutions, clinical partners, and industry leaders to accelerate the journey from discovery to impact. We will continue to empower life and health technology ventures, translating innovation breakthroughs into life-changing solutions that benefit communities around the world.”
HKSTP and Park Companies Advanced in Cross-border Innovation and Market Expansion
A key highlight of BIO 2026 is witnessing the signing of three major strategic partnerships:
Beyond the BIO 2026 Hong Kong Pavilion, HKSTP CEO Mr Terry Wong attended the “Translating Innovation Across Borders: Creating Global Gateways for Biotech Startups” panel sharing session. Mr. Wong shared his insights on cutting-edge biotech trends, Hong Kong’s strengths on life and health tech development, and HKSTP’s role in building a global bridge for nurturing global startup expansion, sustainable innovation and collaboration.
Furthermore, HKSTP and five Hong Kong university delegates visited the Salk Institute, home to six Nobel Laureates during BIO 2026 to explore partnerships and shape global biotech momentum through collaborative platforms. HKSTP, in collaboration with InvestHK as co-organiser, HKTDC as the supporting organisation, and powered by the Hong Kong Economic and Trade Office in San Francisco, hosted a Global Mixer during the exhibition. Industry leaders, incubators, and venture capital firms – including Bayer Pharmaceuticals, Johnson & Johnson Innovation, LabCentral, Roche, Simcere Pharmaceutical, and T.Rx Capital – were invited to join the judging panel for startup pitching sessions. The Pavilion also featured executive sharing and curated networking events for commercialisation, licensing, partnerships, investment and international market expansion.
Global recognition at Biomedical Pitch Competition
In the lead-up to BIO 2026, HKSTP actively drove engagement across the biotech sector and co-organised the 2026 Biomedical Pitch Competition with the Boston Capital Investment Club in Boston on May 23 and 24. Competing against around 170 biotechnology companies worldwide, HKSTP park company Meta Pharmaceuticals (HK) Limited won Third Place for its next-generation autoimmune therapeutics. The recognition underscores the strength of Hong Kong’s biotech pipeline and HKSTP’s commitment to translational medicine, commercialisation and globally scalable healthcare solutions.
HK’s biotech ecosystem rises to another level
Hong Kong continues to expand its global healthcare footprint as the world’s second-largest biotech fundraising hub. As Hong Kong’s flagship innovation and technology ecosystem, HKSTP is home to more than 300 life and health technology companies and helps innovators turn pioneering ideas into real-world impact. Its ecosystem connects capital, talent, infrastructure and market access across the biotech innovation journey.
Hashtag: #HKSTP
The issuer is solely responsible for the content of this announcement.
Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 17,000 research professionals and over 2,500 technology companies from 26 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.
Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.
Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.
Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues to contribute in establishing I&T as a pillar of growth for Hong Kong.
More information about HKSTP is available at 
www.hkstp.org.
EU lawmakers have moved the digital euro closer to formal negotiations, giving Brussels a stronger legislative path for a public payment system designed to reduce dependence on Visa, Mastercard, Apple Pay and other privately controlled networks. The European Parliament’s economic affairs committee has approved draft rules for the proposed digital euro, clearing a key stage before a wider parliamentary vote expected in July. The measure is intended […]
Bitcoin Suisse has secured a crypto-asset service provider licence in Liechtenstein, giving the Zug-based digital-asset group a regulated platform for expanding its services across selected European Economic Area markets as the region’s MiCAR regime reshapes competition among crypto firms. The licence, granted by the Liechtenstein Financial Market Authority to Bitcoin Suisse AG, allows the company to operate under the Markets in Crypto-Assets Regulation, the European framework designed […]
Bajaj Auto has disclosed a ransomware attack that affected its systems and those of its wholly owned technology subsidiary, Bajaj Auto Technology Limited, adding another listed manufacturer to the widening roster of companies forced to make cyber-risk disclosures to investors. The Pune-based two- and three-wheeler maker said the incident took place on 23 June at around 8am IST. Technical teams, senior management and external cybersecurity specialists responded […]
As one of the members of the Hong Kong Special Administrative Region (HKSAR) Government’s GoGlobal Task Force, HKPC provides enterprises with “Six Tactics to Go Global” through “The Cradle – Go Global Service Centre” (The Cradle), delivering comprehensive going-global services spanning smart manufacturing, international standards and testing services, as well as technology R&D and evaluation. HKPC actively empowers both Chinese Mainland and Hong Kong enterprises to expand into global markets. Simultaneously, HKPC is actively enabling European and international enterprises to access the Chinese Mainland market through Hong Kong, fully building a seamless, two-way bridge that highlights Hong Kong’s unique strategic advantage as an indispensable “two-way springboard”.
Mr Yonghai DU, Chief Innovation Officer of HKPC, attended the Hong Kong Seminar-cum-Networking Reception, themed “Building Resilient Tech Ecosystems: Powering the Next Wave of International Tech Leadership from Hong Kong,” organised by the HKTDC, engaging in in-depth exchanges with global industry leaders to advance Hong Kong’s position as an international I&T centre connected to the global innovation ecosystem.
Empowering Local I&T Enterprises to Seize Global Business Opportunities, Deepening Two-way Collaboration Between the Chinese Mainland and Europe
Mr Yonghai DU, Chief Innovation Officer of HKPC, said: “As one of the world’s leading technology events, VivaTech serves as an exceptional gateway for Hong Kong’s I&T enterprises to step onto the international stage. HKPC continues to lead the industry in participating in prestigious exhibitions at home and abroad, showcasing Hong Kong’s R&D strengths in full. Hong Kong’s unique advantage in integrating with the world allows it to provide high-quality strategic support that helps Chinese Mainland and Hong Kong enterprises to ‘go global’, while also serving as a key ‘two-way springboard’ that helps outstanding European and international enterprises entre the Chinese Mainland market through Hong Kong. HKPC will continue its unique position as a bridge, driving complementary strengths and fostering mutually beneficial collaboration across regions.”
He added that since its establishment, “The Cradle” has received more than 500 expressions of interest and has provided over 300 projects with go global services, including preliminary assessments, smart manufacturing technologies, testing and certification, as well as on-site visits. Drawing on HKPC’s extensive experience in leading enterprises to go global, HKPC will continue to empower more I&T enterprises successfully expand overseas and tap into global markets.
Top-tier and Diverse I&T Achievements Make Their Debut, Shining on the European Tech Stage
The four participating Hong Kong I&T enterprises showcased a range of cutting-edge technology fields to the European market at the “Hong Kong Tech Pavilion”, including Asgard Group Limited, specialising in smart energy and EV charging solutions; Laputa Eco-Construction Material Company Ltd, which develops sustainable construction technology, specialising in carbon capture and utilisation technologies; Oriental Materials Hong Kong Limited, which focuses on advanced manufacturing and manufacturing of semiconductor equipment; and Harmony SkyTech Limited, which specialises in the low-altitude economy and unmanned systems.
Representatives from all four I&T enterprises agreed that their participation helped them tap into cross-regional business opportunities, making a significant landmark for Hong Kong’s I&T sector, while HKPC’s “The Cradle” provided indispensable professional team support, helping them align precisely with international technical standards and localise their products, serving as a solid backing for their cross-regional expansion and rapid entry onto the international stage.
Hashtag: #HKPC
The issuer is solely responsible for the content of this announcement.
The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.
HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.
To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.
HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical , assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.
