News related to
City

Survey discovers 85% Shopee Affiliates promote local brands more than half of the time, with high local audience engagement rates the key to success KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 18 November 2024 – While excitement lingers among shoppers and local sellers after Shopee’s 11.11 Big Sale, Shopee Affiliates continue to drive engagement towards local sellers across Malaysia. In fact, 97% of affiliates expressed strong […]

LIMA, PERU – Media OutReach Newswire – 18 November 2024 – Chinese President Xi Jinping has wrapped up his state visit to Peru, where he addressed the 31st APEC Economic Leaders’ Meeting and gave a written speech at the APEC CEO Summit. At these key meetings, President Xi emphasized China’s commitment to fostering an inclusive, balanced, innovative and green global economy. President Xi Jinping in Peru: China’s […]

Saudi Arabia is set to host the 16th session of the United Nations Convention to Combat Desertification (UNCCD COP16) in Riyadh, marking the first time this global conference is held in the Middle East. Scheduled for December 2-13, 2024, the event will convene representatives from 197 parties, including world leaders, policymakers, and environmental advocates, making it the largest multilateral gathering ever hosted in the kingdom. This milestone […]

Harare City Council has ignited widespread outrage with its decision to demolish approximately 5,000 houses in the Zimbabwean capital, citing their construction on illegally acquired land. Mayor Jacob Mafume defended the action, asserting it was necessary to restore order and enforce municipal regulations. However, the demolitions have drawn severe criticism for their execution and humanitarian impact.

The council’s justification centers on curbing illegal land sales by so-called land barons, who profit from unregulated housing developments. These operations often lead to structures being built without proper planning approvals or access to essential amenities. The demolitions, however, have displaced hundreds of families, with some losing homes that were substantial investments. Critics argue the council’s failure to act earlier allowed illegal developments to proliferate, making the decision appear both punitive and poorly timed.

A significant portion of the criticism has been directed at the lack of alternative arrangements for those affected. Families were left to salvage belongings from rubble while officials defended the demolitions as a legal obligation. Harare’s Director of Planning, Samuel Nyabeza, emphasized that future developments would require stricter adherence to municipal regulations and threatened severe action against land barons.

Opposition leaders and activists have condemned the demolitions as a violation of human rights. Former cabinet minister Fortune Chasi called the operation “crass insensitivity and cruelty,” highlighting concerns over the absence of court orders and transparency in the process. Legislator Darlington Chigumbu urged for systemic reforms, advocating for the establishment of specialized land courts and the publication of investigative reports on illegal land dealings to address the root causes of such disputes.

Observers note the timing of these demolitions follows years of delays, leaving many questioning why enforcement agencies failed to intervene earlier during the initial stages of construction. The move has sparked accusations of political motives, with critics suggesting that targeting these properties may serve as a warning against unauthorized land use rather than a genuine attempt to regulate urban development.

Dubai’s Roads and Transport Authority (RTA) has unveiled ambitious plans to enhance traffic flow and reduce congestion across four key neighbourhoods: Nadd Hessa, Al Awir 1, Al Barsha South, and Wadi Al Safa 3. These upgrades, part of the city’s broader infrastructure expansion, are projected to cut traffic in these areas by up to 80%.

The initiative will increase road capacity significantly, improving connectivity and travel times for residents and commuters. The RTA has focused on constructing new exits, optimizing signal systems, and introducing expanded road networks in these areas, reflecting Dubai’s commitment to seamless urban mobility.

Bitcoin’s historical price movements following halving events have sparked speculation about its trajectory in the cryptocurrency market. Bitwise Asset Management’s research highlights that Bitcoin prices tend to peak approximately 400 days after a halving, a phenomenon closely tied to the cryptocurrency’s supply mechanics. With 213 days elapsed since the last halving on April 11, 2024, projections suggest that Bitcoin’s next peak may materialize around May 2025.

Halving events, occurring roughly every four years, reduce the rewards for mining Bitcoin, effectively decreasing the supply entering circulation. These supply contractions have historically catalyzed upward price movements. Following the 2020 halving, Bitcoin reached a new all-time high of $69,000 in November 2021, about 530 days after the event. The delayed peak compared to earlier halvings has been attributed to evolving market dynamics and increasing institutional involvement.

Analyzing past patterns, the first halving in 2012 saw Bitcoin rise from $12 to $260 within a year. The subsequent halving in 2016 initiated a bull run that peaked at $20,000 by late 2017. These trends underline a consistent correlation between halvings and significant price surges, typically within a 12 to 18-month window. Such trends are often supported by reduced supply, which bolsters scarcity-driven demand.

The broader cryptocurrency market context also plays a crucial role in shaping Bitcoin’s price movements. Regulatory clarity, institutional adoption, and macroeconomic factors like interest rate policies and inflation expectations influence investor sentiment. As of late 2024, Bitcoin has shown resilience, maintaining prices above $30,000 despite market volatility, signaling steady interest from both retail and institutional investors.

Technical indicators, including Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), suggest mixed signals for Bitcoin’s short-term trajectory. The RSI levels hover near overbought conditions, while MACD trends remain bullish, indicating potential consolidation before any significant upward movement. Analysts argue that Bitcoin’s price stability is underpinned by its increasing role as a hedge against inflation and store of value, mirroring traditional safe-haven assets.

BMW M GmbH’s latest innovation, the iX M60, is set to redefine the boundaries of electric mobility, blending high-performance dynamics with cutting-edge technology. As the first all-electric Sports Activity Vehicle (SAV) from the M division, the iX M60 delivers thrilling performance, sophisticated luxury, and a forward-looking vision for sustainable driving. With its powerful motor, refined suspension system, and robust technological features, this electric vehicle marks a significant […]

Advertisements

Elon Musk has revealed a concept video of “Terminus,” a proposed city on Mars designed to support human life and sustainable living on the Red Planet. The video, shared via SpaceX’s official platforms, offers a glimpse into Musk’s long-standing vision of interplanetary colonization. The concept, described as futuristic and ambitious, features advanced technologies that would enable the city to function in the harsh Martian environment. The video […]

Shoppers can enjoy 12 days of exciting deals from top local and international brands, including Dyson, De’Longhi, SMEG, Bose, Hasbro, Bioderma and more Celebrate Black Friday at Amazon.sg Holiday Playground with exciting activities during selected time periods on 22 and 23 November at SuperPark Singapore SINGAPORE – Media OutReach Newswire – 18 November 2024 – (NASDAQ: AMZN) – Amazon Singapore today unveiled an exciting lineup of Black […]

The global economic outlook for emerging markets (EMs) faces mounting pressure, with US trade policies under former President Donald Trump continuing to disrupt trade and growth patterns. Citigroup analysts predict that these shifts, primarily driven by tariffs and protectionist measures, will exacerbate the challenges that EMs already grapple with, such as inflation, currency instability, and volatile capital flows. However, one country in the Middle East stands resilient: Saudi Arabia. The kingdom’s economic diversification efforts and strategic positioning in global markets have placed it in a favorable position despite ongoing global economic turbulence.

Trump’s trade war, initiated during his presidency, was centered on tariffs and trade barriers, primarily targeting China, but with ripple effects felt across various sectors and regions. As the Biden administration seeks to reverse some of these policies, analysts remain concerned about the long-term effects of trade disruptions that began during the previous administration. Trade relationships between the US and major economies have been restructured, pushing supply chains into new configurations and altering global market dynamics.

Citigroup’s latest forecast outlines how these global shifts impact emerging markets in particular, given their high exposure to US tariffs and trade restrictions. Countries in Asia, Latin America, and Africa are expected to see a slow recovery, as protectionist policies strain international trade and hinder foreign direct investment (FDI) inflows. For these nations, the US-China trade tensions have underscored their vulnerability to global supply chain disruptions. Export-dependent countries, particularly in the manufacturing and agriculture sectors, may face reduced market access to some of their largest trading partners, further hindering growth prospects.

Yet, some countries are managing to navigate these headwinds with relative ease. Saudi Arabia, buoyed by its ongoing economic reforms under the Vision 2030 initiative, appears to be one of the more resilient players in the face of these global shifts. The kingdom has significantly reduced its reliance on oil exports by developing non-oil sectors such as tourism, entertainment, and technology. Moreover, its vast sovereign wealth fund, the Public Investment Fund (PIF), has strategically invested in sectors poised for growth, such as green energy, healthcare, and artificial intelligence.

Saudi Arabia’s successful diversification strategies have positioned it to weather the storm of changing global trade conditions. Citigroup’s analysis highlights that while the US’s trade policies could dampen global economic growth, Saudi Arabia’s economic stability remains largely intact. The kingdom’s ability to maintain steady oil revenues, coupled with its ambitious reform agenda, has placed it at the forefront of efforts to build a more diversified, future-proof economy. Additionally, Saudi Arabia’s participation in major international investment initiatives, such as the Belt and Road Initiative and the G20 summit, further solidifies its standing as a key global economic player.

While many emerging markets struggle with inflationary pressures and a rising cost of living, Saudi Arabia has implemented strategic fiscal policies that keep inflation levels manageable. The country’s introduction of VAT and other tax reforms have helped bolster its financial resilience. Furthermore, the government’s commitment to large-scale infrastructure projects, such as NEOM, a futuristic city being built with cutting-edge technology, signals a strong push toward positioning the kingdom as a global hub for innovation.

However, despite these favorable conditions in Saudi Arabia, Citigroup warns that other emerging markets are not as fortunate. Nations heavily dependent on exports to the US and China, such as Mexico, Brazil, and South Africa, face significant challenges as they cope with reduced demand and trade restrictions. For these countries, the combination of trade disputes, inflationary pressures, and weaker currency values is likely to hamper economic growth in the short to medium term. Analysts also point out that the global interest rate hikes prompted by the Federal Reserve’s tightening policy may further strain emerging market economies, particularly those with substantial debt burdens.

For some countries, the trade environment under Trump’s policies has created structural weaknesses that continue to hinder growth. The slowdown in global demand for goods and services, coupled with rising costs for raw materials and energy, has impacted countries dependent on commodity exports. As a result, the broader emerging markets community is facing an uncertain recovery trajectory, with little optimism for a swift rebound.

Saudi Arabia’s resilience, however, is noteworthy in this context. The kingdom’s emphasis on economic diversification has shielded it from some of the more detrimental effects of global trade disruptions. This shift towards a more diversified economy has not only safeguarded the country’s economic standing but has also attracted international investors, further securing its position as a pivotal player in the global marketplace.

Pure Harvest Smart Farms, a controlled environment agriculture (CEA) pioneer based in the UAE, is setting the stage for rapid expansion beyond the Middle East. The company, which specializes in growing crops in climates that are inhospitable to traditional agriculture, is attracting significant investment to fuel its growth. With a focus on expanding into new markets, Pure Harvest aims to take advantage of the increasing global demand for sustainable food production solutions.

In a recent round of funding, Pure Harvest secured $180.5 million from international investors, including a mix of private equity firms and corporate partners. These funds are intended to help the company scale its operations, introduce new technologies, and explore product extensions. The investors are betting on Pure Harvest’s ability to expand into new geographic areas, particularly in Asia, where controlled-environment agriculture is seen as a solution to food security challenges caused by climate change. With the support of these investors, the company is poised to grow significantly over the next few yearsarvest’s investment in technology and innovation is at the heart of its strategy. The company’s cutting-edge CEA systems allow it to grow produce with less water and land compared to traditional farming methods. This technology has proven especially important in regions with extreme weather conditions, like the UAE, where water scarcity and high temperatures make farming a challenge. By using hydroponics, aeroponics, and other advanced techniques, Pure Harvest can produce crops year-round, making it a reliable food source even in harsh climates .

The ceadership has been crucial to its growth. Pure Harvest’s co-founders, who include former executives with backgrounds in agriculture, technology, and sustainability, have worked to create a business model that is both scalable and environmentally responsible. Their vision for a sustainable future has resonated with investors, as evidenced by the backing from firms like IMM Investment Corp and the Olayan Financing Company. The conancial backers believe that Pure Harvest is well-positioned to thrive in a market that is becoming increasingly concerned with food security and sustainability.

Beyond expanding its technology and operations, Pure Harvest is also exploring new product lines. The company is investigating ways to use its expertise in water-efficient systems to produce fodder, a key ingredient for animal feed, in areas where water is scarce. This initiative could not only provide a new revenue stream but also contribute to global efforts to improve food security.

Seef Properties, a leading developer of retail and entertainment hubs in Bahrain, has entered into a strategic collaboration with Majd Investment Company, a prominent Saudi-based investment firm. The partnership aims to bring a major mixed-use project to Dammam, a rapidly growing city on the eastern coast of Saudi Arabia. The venture, valued at approximately $132 million (BD 50 million), is set to become Seef’s first undertaking in Saudi Arabia, marking a significant milestone for the Bahraini developer as it expands its footprint into the Saudi market.

The new development, which will combine residential, retail, and entertainment spaces, is part of Seef Properties’ broader strategy to diversify its portfolio and tap into the expanding opportunities within the Gulf region. The project is expected to cater to the increasing demand for modern living spaces and high-quality commercial venues in Dammam, which is witnessing significant urban growth due to its strategic location and ongoing economic development.

Seef Properties’ entry into Saudi Arabia aligns with the Kingdom’s Vision 2030, which aims to diversify the economy, reduce dependence on oil revenues, and foster the growth of various sectors including retail, tourism, and real estate. The partnership with Majd Investment Company, which has a strong presence in the Saudi market, is expected to streamline the execution of the project, leveraging local expertise and resources to ensure its success.

The Dammam development is set to feature a variety of amenities including retail outlets, dining options, entertainment centers, and modern residential units. It is designed to serve as a comprehensive lifestyle destination that integrates shopping, leisure, and living spaces in a dynamic urban environment. The project will not only enhance the local real estate market but also attract regional and international investors looking to capitalize on the expanding consumer base in the region.

Majd Investment Company, known for its diverse portfolio of investments across real estate and various other sectors, will play a key role in the development, providing strategic input, financial backing, and guidance throughout the project lifecycle. The collaboration with Seef Properties brings together two major players in the regional real estate and investment sectors, combining Seef’s extensive experience in developing large-scale retail and entertainment projects with Majd Investment’s in-depth understanding of the Saudi market.

The announcement of the partnership comes at a time when the Saudi real estate sector is experiencing a surge in demand driven by various factors, including population growth, urbanization, and government initiatives to enhance infrastructure. Dammam, as one of the major urban centers in the Eastern Province, is well-positioned to benefit from these trends. The city’s proximity to key industrial hubs, its growing commercial landscape, and the ongoing expansion of its transportation networks make it an attractive location for large-scale developments.

Seef Properties’ entry into the Saudi market represents a strategic move to capitalize on the evolving real estate landscape in the region. By partnering with Majd Investment Company, Seef gains access to critical local market knowledge, which will help mitigate potential risks and ensure the project aligns with the demands of Saudi consumers. The partnership is also expected to enhance Seef’s competitive edge in the region, offering a unique value proposition to investors, retailers, and consumers alike.

This collaboration highlights the increasing trend of cross-border partnerships within the Gulf Cooperation Council (GCC) region as companies seek to leverage each other’s strengths to tap into new markets. The real estate sector, in particular, has seen a surge in joint ventures and strategic alliances as developers look to diversify their portfolios and expand into neighboring countries with high-growth potential.

The Dammam project is expected to create numerous job opportunities and contribute to the local economy, further cementing its importance as a key part of Saudi Arabia’s Vision 2030 plan to create a vibrant, sustainable economy. The project will also contribute to the development of the region’s retail and entertainment sectors, which have been identified as key drivers of economic growth.

Suntrust Resort Holdings, under the umbrella of LET Group Holdings, has announced that its highly anticipated casino and hotel development in Manila’s Westside City is set to commence operations in the fourth quarter of 2025. This ambitious project, valued at $1.1 billion, is positioned to elevate the entertainment landscape of the Philippines, further solidifying the country’s reputation as a hub for luxury gaming and leisure. Construction updates […]

Pure Harvest Smart Farms, a UAE-founded controlled environment agriculture (CEA) company, is positioning itself for further growth as it sets its sights on expanding operations beyond the Middle East. Following significant milestones in its domestic and regional markets, the company is now exploring opportunities in the USA, Mexico, Morocco, and Singapore. This expansion aligns with the company’s long-term vision of becoming a global leader in the technology-driven […]

Dedicated to Promoting the Development of eVTOL Technology and Boosting the Low-altitude Economy in Hong Kong and the Greater Bay Area of China HONG KONG SAR – Media OutReach Newswire – 18 November 2024 – To support the Hong Kong Government’s initiative to develop the low-altitude economy, the Centre for Intelligent Multidimensional Data Analysis (CIMDA) at the City University of Hong Kong (CityU), a member of the […]

Understood. I’ll provide a 900-word news report on the cancellation of Ubisoft’s *Splinter Cell* movie adaptation. Let me gather up-to-date and credible information to craft the report. Please hold on.

Plans for a film adaptation of Ubisoft’s acclaimed *Splinter Cell* series have officially been abandoned. The project, initially announced over a decade ago, faced challenges in script development and budgeting, ultimately leading to its cancellation. Producer Basil Iwanyk confirmed the decision, expressing disappointment over not being able to finalize the vision despite numerous attempts.

The adaptation was originally set to feature Tom Hardy in the lead role as Sam Fisher, the iconic protagonist of the stealth-action franchise. Hardy, known for his versatile performances in films such as *Venom* and *Mad Max: Fury Road*, was first attached to the project in 2012. At the time, Ubisoft Motion Pictures, which spearheaded the initiative, described Hardy’s casting as a significant coup, praising his ability to portray complex characters.

Despite its strong potential, the film encountered recurring setbacks. Iwanyk stated that multiple versions of the script were developed but failed to meet creative expectations. “We just couldn’t get it right, script-wise or budget-wise,” he remarked, adding that the cancellation marked a regretful end to what could have been a groundbreaking project for fans of both the game and action cinema.

The cancellation underscores broader challenges in adapting video games for the big screen. While some franchises, such as *The Last of Us* and *Sonic the Hedgehog*, have seen recent successes in their cinematic or television interpretations, others like *Splinter Cell* highlight the difficulties of balancing creative authenticity with commercial feasibility. Ubisoft itself has struggled to bring several of its properties to theaters, with the only major adaptation being the lukewarmly received *Assassin’s Creed* film in 2016.

Understood. I’ll get started.

Nokia, in partnership with Islalink, has set a new benchmark in optical technology by achieving an 800Gbps data transmission rate on the IONIAN subsea cable system. Spanning 330 kilometers and connecting Crotone, Italy, to Preveza, Greece, the trial underscores the transformative capabilities of Nokia’s sixth-generation Photonic Service Engines (PSE-6s). This success marks a critical advancement in high-speed data transfer for Europe’s burgeoning digital economy.

The IONIAN cable system, developed to enhance connectivity between Western Europe and the Balkans, leverages the latest submarine optical fiber technology. The trial employed dual C-band and L-band wavelength systems, demonstrating the ability to maintain ultra-high-speed transmissions while significantly reducing power consumption per bit by 60%, a major leap toward sustainable digital infrastructure.

Beyond the subsea link, the trial also included terrestrial segments in Greece, with the PSE-6s delivering up to 1Tbps over the 452-kilometer route from Preveza to Athens and the extended 975-kilometer northern route to Thessaloniki. These achievements reflect the system’s adaptability to diverse network environments, ensuring robust performance across both submarine and terrestrial routes.

Islalink emphasized the importance of this milestone for regional connectivity, noting that the IONIAN system is now poised to support next-generation digital services in Italy, Greece, and beyond. This accomplishment also positions the IONIAN network as a critical player in meeting the growing demand for secure and high-speed data transmission by major tech firms and cloud providers.

Nokia’s PSE-6s technology has drawn industry attention for its ability to drive high-capacity networks while cutting operational costs and environmental impact. This innovation aligns with broader efforts to enhance data center interconnectivity and improve network efficiency for global service providers. By integrating advanced signal processing and spectral shaping techniques, the technology ensures that network operators can push the boundaries of existing infrastructure without compromising reliability or sustainability.

The successful deployment of 800Gbps channels on the IONIAN subsea cable demonstrates the readiness of European digital infrastructure to cater to future demands. As industries increasingly adopt cloud-based operations and data-heavy applications, the need for such high-capacity systems is more critical than ever. The collaboration between Nokia and Islalink highlights the role of private-public partnerships in driving technological advancements and building resilient connectivity ecosystems.

Masdar, the Abu Dhabi-based renewable energy firm, and the State Oil Company of Azerbaijan (SOCAR) have finalized financing for their solar ventures in Azerbaijan, marking a significant step in the region’s transition to renewable energy. The projects, totaling a combined capacity of 760 megawatts, are part of a broader plan to position Azerbaijan as a key player in global sustainable energy markets. The initiative, comprising the Garadagh […]

HONG KONG SAR – Media OutReach Newswire – 14 November 2024 – The Hong Kong Tourism Board proudly announces that this year’s Wine & Dine Festival attracted 155,000 Hong Kong residents and tourists. The Taste France pavilion was a major highlight, drawing crowds thanks to its engaging booth partners, dynamic activities, and a dedicated area for tastings and discussions. We are thrilled to share outstanding results from […]

Switzerland’s winter sports scene remains unparalleled, offering a combination of spectacular Alpine views, luxurious accommodations, and world-class slopes. Ski enthusiasts from around the globe continue to flock to its renowned resorts, drawn by the promise of everything from challenging runs to year-round skiing on glacier-topped peaks. Among Switzerland’s most sought-after destinations is Zermatt, home to the famed Matterhorn mountain. This iconic peak, recognized worldwide, is not only […]

Hong Kong’s first spectacular pyrotechnic show at a shopping mall 2,024 dazzling pyrotechnics light up Sha Tin’s night sky A day of exciting free activities, 300 shopping discounts and mega events to boost the local economy HONG KONG SAR – Media OutReach Newswire – 17 November 2024 – In a year that marks the 75th anniversary of the founding of the People’s Republic of China, Sun Hung […]

The UAE has announced an ambitious initiative to develop the world’s first ChatGPT-powered platform specifically designed for the agriculture sector. This groundbreaking project aims to revolutionize agricultural practices by leveraging artificial intelligence to enhance food production, optimize resource management, and tackle climate challenges. The announcement was made at the COP28 summit in Dubai, highlighting the nation’s commitment to advancing sustainable agricultural solutions. During a session focused on […]

An Android application named Seal has emerged as a popular choice for downloading YouTube videos and audio for offline use. Designed for educational purposes or when explicit consent is obtained, this open-source tool is gaining traction among users who appreciate its simplicity and versatility. The app is part of a broader trend where users seek ways to access content offline, especially in areas with inconsistent internet connectivity […]

A new Linux distribution called AnduinOS has emerged, designed with a user interface aimed at mimicking the aesthetics and functionality of Windows 11. Developed by an independent team, AnduinOS seeks to offer the familiar experience of Microsoft’s latest operating system while maintaining the flexibility and open-source advantages that Linux provides. At first glance, AnduinOS might easily be mistaken for a variant of Windows 11. The user interface […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA