By Nitya Chakraborty What is happening to the “Neighbourhood First” policy of the Indian Prime Minister Narendra Modi in the year 2025? Modi is an expert in coining attractive slogans whether those finally work or not. For South Asia, he opted for Neighbourhood First and for South East Asia and ASEAN nations Act East. At […]The PiEEG kit, an open-source Raspberry Pi shield, is revolutionizing access to neuroscience research by enabling users to measure electroencephalography , electromyography , and electrocardiography biosignals. Developed to democratize neuroscience, PiEEG offers an affordable and user-friendly platform for both researchers and hobbyists. Designed to be compatible with Raspberry Pi models 3, 4, and 5, PiEEG features eight channels for connecting wet or dry electrodes. It facilitates data […]
Saudi Arabia’s Tadawul All Share Index experienced a significant decline, closing down 7.4% on Sunday, marking its steepest single-day drop since March 2020. This downturn erased over $130 billion in market value, reflecting investor concerns over the escalating oil price war and the kingdom’s economic adjustments. The sharp decline in TASI was primarily driven by the collapse of negotiations between the Organization of the Petroleum Exporting Countries […]
Oil prices have experienced a significant decline, reaching their lowest levels since April 2021, driven by escalating trade tensions between the United States and China, coupled with strategic decisions by OPEC+ regarding oil production. Brent crude futures dropped by $2.28, settling at $63.30 per barrel, while U.S. West Texas Intermediate crude decreased by $2.20 to $59.79 per barrel. This marks a continuation of a downward trend, with […]
Arabian Post Staff -Dubai The United States has imposed a series of tariffs on countries within the Middle East and North Africa region, aiming to address what the administration describes as long-standing unfair trade practices. While these measures are poised to affect various sectors, exemptions granted to oil exports are expected to mitigate the overall economic impact on the region’s leading exporters. Gulf Cooperation Council countries—including Saudi […]
Chinese social media platforms are abuzz with users expressing strong opposition to suggestions that Beijing should acquiesce to U.S. trade demands following President Donald Trump’s recent tariff escalations. The online discourse reflects a nationalistic sentiment, with many netizens urging the Chinese government to stand firm against what they perceive as economic intimidation.
President Trump announced a 10% baseline tariff on all imports, with significantly higher duties targeting specific countries, including a 54% tariff on Chinese goods. This move has intensified trade tensions between the world’s two largest economies. In retaliation, China imposed a 34% tariff on various American products, signaling its resolve to counter U.S. measures.
The Chinese Foreign Ministry’s spokesperson, Guo Jiakun, highlighted the global market’s adverse reaction to the U.S. tariffs, stating, “The market has spoken.” This remark underscores Beijing’s position that the U.S. actions are disruptive to international trade stability.
State-run media outlets have also weighed in, criticizing the U.S. administration’s approach. The Global Times labeled the tariff threats as “ridiculous” and indicative of “deep arrogance,” while China Daily warned that such actions could lead to a “mutually destructive tariff war.”
On platforms like Weibo and WeChat, Chinese citizens are vociferously rejecting any notion of capitulation. Users are calling for unity and resilience, emphasizing the importance of safeguarding national interests and economic sovereignty. This collective online sentiment reflects a broader public consensus supporting the government’s stance in the escalating trade dispute.
The Emirate of Ajman has introduced a new law aimed at bolstering investment in its property sector while safeguarding investor rights and enhancing transparency. This legislative move is part of a broader strategy to position Ajman as a premier destination for real estate investment. The law seeks to encourage private sector participation in developmental projects and attract both national and international investments across various domains. It is […]
Dr Imran Khalid President Donald Trump’s declaration of April 2, 2025, as “Liberation Day” marked a seismic shift in U.S. trade policy, with the imposition of sweeping reciprocal tariffs that have sent shockwaves through the global economy. The new measures include a universal 10% tariff on all imports, with punitive rates as high as 54% for China, 46% for Vietnam, and 20% for the European Union, alongside […]
Tether, the issuer of the world’s largest stablecoin, is evaluating the creation of a new digital currency designed to comply with forthcoming U.S. regulations. CEO Paolo Ardoino indicated that while USDT will maintain its focus on emerging markets, the proposed stablecoin would cater specifically to the U.S. market.
Ardoino emphasized Tether’s commitment to regulatory compliance, stating that the company is actively engaging with U.S. lawmakers to help shape stablecoin legislation. He noted Tether’s willingness to adapt its operations to align with legal frameworks, ensuring the company’s continued operation within the law.
The U.S. Congress is currently deliberating several bills aimed at regulating stablecoins. Notably, the STABLE Act, co-introduced by Representative Bryan Steil, proposes that stablecoin issuers maintain reserves consisting solely of high-quality liquid assets, such as U.S. Treasury bills and insured deposits. Ardoino confirmed Tether’s involvement in discussions regarding this legislation, highlighting the company’s proactive approach to compliance.
In addition to legislative engagement, Tether is expanding its global footprint. The company is finalizing the relocation of its headquarters to El Salvador after obtaining a digital asset service provider license there. This move aligns with El Salvador’s ambitions to become a digital currency trading hub, following its establishment of Bitcoin as legal tender.
Tether is also exploring opportunities beyond its traditional offerings. The company recently announced a partnership with Phoenix Group PLC to launch a Dirham -pegged stablecoin in the United Arab Emirates. This initiative aims to provide financial stability to individuals in high-inflation countries and enhance remittance services.
Tether is considering deeper involvement in the sports industry. The company holds a 5% stake in Italian Serie A soccer club Juventus and is open to increasing its investment if the current owners decide to sell more shares. This potential investment reflects Tether’s strategy to leverage its platform and user base to support global brands, particularly in emerging markets.
Governments worldwide have recouped nearly $2 billion in unpaid taxes and penalties following the Panama Papers revelations, which exposed extensive networks of offshore accounts and shell companies used for tax evasion and money laundering. The 2016 leak of 11.5 million documents from Panamanian law firm Mossack Fonseca has led to significant financial recoveries and ongoing investigations across multiple countries. In Spain, authorities have recovered over €200 million, […]
The total market capitalization of stablecoins has reached an unprecedented $235.3 billion, marking a significant increase of over $30 billion since the beginning of 2025. This surge underscores the growing prominence of these digital assets within the global financial landscape.
Stablecoins, cryptocurrencies pegged to stable assets like the U.S. dollar, have experienced remarkable growth. Tether leads the sector with a market cap exceeding $144 billion, maintaining its position as the dominant stablecoin. USD Coin follows, recently surpassing a $60 billion market cap, reflecting a 100% year-over-year increase from $30 billion in March 2024.
The ascent of stablecoins is attributed to their perceived stability and utility in digital transactions. Unlike volatile cryptocurrencies such as Bitcoin and Ethereum, stablecoins offer a consistent value, making them attractive for payments, remittances, and as a hedge against market fluctuations. This stability has led to increased adoption among both institutional and retail investors.
The broader cryptocurrency market has also seen a rise in tokenized assets. Gold-backed tokens, for instance, reached a record market capitalization of $1.4 billion in March, with Tether’s XAUT and Paxos’ PAXG leading this niche. This trend indicates a diversification in the types of assets being tokenized and integrated into the digital economy.
Regulatory developments are also influencing the stablecoin landscape. The European Union’s Markets in Crypto-Assets framework has prompted exchanges to adjust their offerings to comply with new standards. Notably, Circle’s EURC stablecoin grew nearly 30% to a $157 million market cap, capturing a 45% market share among euro-denominated stablecoins.
Despite their growth, stablecoins face scrutiny regarding their reserve compositions and regulatory oversight. Tether, for example, has encountered concerns over the transparency and adequacy of its reserves. Such issues highlight the need for clear regulatory frameworks to ensure the stability and reliability of these digital assets.
President Donald Trump’s administration has announced sweeping tariffs, including a baseline 10% levy on all imports into the United States, with higher rates for specific countries. This development has prompted companies across the Middle East to evaluate potential repercussions and strategize accordingly. The Gulf Cooperation Council nations—comprising Saudi Arabia, the United Arab Emirates , Qatar, Kuwait, Oman, and Bahrain—are subject to the 10% tariff. Given that many […]
The United Arab Emirates’ non-oil private sector experienced a deceleration in growth during March, as indicated by the latest S&P Global Purchasing Managers’ Index . The index declined to 54.0 from February’s 55.0, marking the lowest point since September. Despite this dip, the PMI remains above the 50.0 threshold, signifying continued expansion in the sector.
The moderation in growth is primarily attributed to a slowdown in new order inflows, which have decreased for the third consecutive month. The new orders index fell to 56.3 in March from 57.3 in February, reaching its weakest level since October. This trend suggests a tapering in demand momentum within the UAE’s diversified economy.
In response to mounting backlogs, companies have accelerated their input purchases at the fastest rate since July 2019. This proactive approach aims to address operational pressures and maintain service levels. However, employment growth has softened, registering its slowest pace in nearly three years, as firms encounter challenges in recruitment and workforce expansion.
Input prices have seen a moderate rise, with some businesses facing increased material costs, while others benefit from reduced transportation expenses. This nuanced cost landscape reflects the complex dynamics influencing the sector’s operational environment.
Dubai’s non-oil private sector also mirrored this slowdown, with its PMI dropping to a five-month low of 53.2 from 54.3 in February. The emirate experienced a rare reduction in employment levels, despite a continued, albeit slower, increase in new orders.
Nevertheless, businesses across the UAE maintain a positive outlook regarding future growth prospects. This optimism is underpinned by robust project pipelines and ongoing national infrastructure developments, which are expected to bolster the non-oil sector’s performance in the coming months.
SINGAPORE – Media OutReach Newswire – 4 April 2025 – MyRepublic, one of Asia-Pacific’s leading digital-first telcos, announced the launch of Pocket Rocket Adventures, an industry-first initiative that introduces unique gamification mechanics into the customer experience journey for their broadband and mobile subscribers. The game, accessible via the MyRepublic mobile app available from April, marks a significant step in the company’s broader strategy to drive engagement, loyalty, […]
Proton VPN has unveiled significant updates to its applications across Windows, iOS, and Android platforms, aiming to provide a more intuitive and customizable user experience. The Swiss-based company, known for its emphasis on privacy and security, has introduced these changes to streamline navigation and enhance functionality for its growing user base. The Windows application has undergone a complete redesign, aligning its interface with the modern aesthetics of […]
HO CHI MINH, VIETNAM – Media OutReach Newswire – 4 April 2025 – On April 4, 2025, OH!SOME officially enters the Vietnam market, with its very first store opening at Crescent Mall in Ho Chi Minh City. OH!SOME OH!SOME, as a one-stop trendy retail brand, benefits from primary business focus on fashion retail, IP, advanced technology and expanding into diverse family entertainment centers, powered by and efficient […]
Corporate events have long gone beyond simple team building activities. They address a wide range of tasks today: helping to accelerate onboarding, improving internal communications, increasing employee engagement and strengthening corporate culture. This is especially important for employees of remote teams who risk losing contact with each other and the company due to remote working formats. In recent years, online tools have made communication easier and virtual […]
By Nitya Chakraborty Brazil’s President Luiz Inacio Lula da Silva, better known globally as Lula has launched a major initiative to meet the U.S. President Donald Trump’s unilateral tariff offensive by joining hands with Chinese President Xi Jinping and the Russian President Vladimir Putin, apart from taking assistance from South Africa and a few other […]President Donald Trump’s administration has announced a sweeping tariff regime, imposing a baseline 10% duty on all imports into the United States, with significantly higher rates targeting specific countries. This move, described by Trump as a “Declaration of Economic Independence,” aims to rectify what he perceives as longstanding trade imbalances. However, the policy has elicited widespread concern, particularly regarding its impact on developing economies. Among the hardest […]
Dubai’s Roads and Transport Authority has entered into a strategic partnership with Uber Technologies Inc. and autonomous driving technology firm WeRide to introduce self-driving taxis to the city’s transportation network. This collaboration aligns with Dubai’s ambition to transform 25% of all journeys into autonomous trips by 2030, as part of its Self-Driving Transport Strategy.
His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of RTA, emphasized the significance of this initiative, stating that the partnership represents a crucial step in advancing Dubai’s autonomous transportation goals. Noah Zych, Uber’s Global Head of Autonomous Mobility and Delivery Operations, expressed enthusiasm about the collaboration, highlighting the company’s commitment to integrating autonomous vehicles onto the Uber platform in Dubai, with WeRide as the initial technology partner.
WeRide, a Guangzhou-based autonomous driving company, has been expanding its global footprint. The firm previously launched a commercial robotaxi service in Abu Dhabi in December 2024, marking Uber’s first deployment of autonomous vehicles outside the United States. The expansion into Dubai signifies the second Middle Eastern city to feature WeRide and Uber’s autonomous ride-hailing service, further solidifying their presence in the region.
The collaboration will commence with pilot programs utilizing Uber’s technology to connect riders with WeRide’s autonomous vehicles, ensuring a seamless user experience. Details regarding the pilot program and subsequent phases are expected to be disclosed in the coming months. The initiative aims to enhance urban mobility by providing reliable and forward-thinking transportation solutions that align with Dubai’s vision for smart cities and future transport.
In addition to this partnership, RTA has been actively expanding its global collaborations with leading autonomous driving technology providers. The authority recently announced a partnership with Baidu’s Apollo Go to deploy autonomous taxis in Dubai, further advancing the city’s autonomous transportation objectives.
The introduction of self-driving taxis is anticipated to transform Dubai’s transport landscape by improving connectivity and reducing accidents. Trials for the autonomous vehicles are scheduled to commence this year, with a safety driver present during the initial phase. Commercial operations are projected to launch in 2026, contributing to the city’s goal of achieving 25% autonomous trips by 2030.
WeRide’s involvement in Dubai builds upon its global expertise in autonomous driving and complements Uber’s leadership in ride-hailing and mobility solutions. The partnership positions Dubai as a pioneering hub for smart transportation, leveraging advanced technology to enhance the city’s public transit system.
European Union antitrust regulators are set to announce by May 12 their decision regarding the Abu Dhabi National Oil Company’s proposed €15.9 billion acquisition of German chemicals manufacturer Covestro. This transaction, initiated in October 2024, represents ADNOC’s most significant foray into the European chemicals sector. The European Commission, responsible for ensuring fair competition within the EU’s 27 member states, faces several options: granting unconditional approval, approving the […]
MACAU SAR – Media OutReach Newswire – 3 April 2025 – Galaxy Macau™, the world-class luxury integrated resort (hereinafter referred to as “Galaxy Macau”), offers diverse cultural experiences year-round, creating unparalleled journeys for guests from around the globe. In honor of the Songkran Festival, the traditional Thai New Year celebration, Banyan Tree Macau at Galaxy Macau will present a series of star-studded Thai culinary delights and rejuvenating […]
A significant proportion of Chief Information Officers are exceeding their allocated budgets for cloud infrastructure and applications, according to a recent survey conducted by Azul, a company specialising in Java platforms. The study, which gathered insights from 300 CIOs across the United States, found that 83% reported spending an average of 30% more than initially anticipated, while a mere 2% managed to stay under budget. Despite these […]
Where Classical Majesty Met Modern Magic The “Voice of God” Ignites Galaxy Arena MACAU SAR – Media OutReach Newswire – 2 April 2025 – Galaxy Arena, Macau’s new cultural landmark, hosted an unforgettable evening on March 29 as the world’s most beloved tenor, Andrea Bocelli, staged his debut solo concert in the city. Presented by Galaxy Macau™, the highly anticipated event drew a sold-out crowd of adoring […]
