Arabian Post Staff -Dubai Abu Dhabi National Oil Company will award Dh200 billion worth of project contracts between 2026 and 2028, marking one of the largest new execution phases in the Gulf energy sector as Abu Dhabi moves to expand capacity, secure supply chains and deepen local manufacturing. The planned awards, equivalent to about $55 billion, form the first major tranche of ADNOC’s $150 billion capital expenditure […]
Clair Obscur: Expedition 33 has won Best Game at the BIG Festival Awards during Gamescom Latam 2026, strengthening Sandfall Interactive’s claim to one of the most striking debut successes in modern role-playing games. The French studio’s title also took Best Sound at the São Paulo ceremony, giving it two honours at a festival that has become a major showcase for Latin American and international game development. The […]
Japan’s yen rallied sharply against the dollar on Friday as traders braced for further official action from Tokyo after suspected currency intervention jolted global markets during a packed week of central bank decisions.
The dollar fell to around 155.60 yen at one point in London trading, before recovering part of the move to trade near 156.40. The rebound in the yen followed a dramatic reversal on Thursday, when the Japanese currency strengthened by about 3 per cent after the dollar briefly climbed above 160 yen, a level widely viewed in markets as politically sensitive for Tokyo.
Japan’s top currency official Atsushi Mimura said authorities remained concerned about speculative moves and were watching markets closely. Finance Minister Satsuki Katayama had already warned that Tokyo was ready to take decisive action if currency movements became disorderly. The comments reinforced market expectations that further intervention could follow, particularly during Japan’s Golden Week holiday period, when thinner trading conditions can magnify exchange-rate swings.
Bank of Japan money-market data suggested authorities may have spent about 5.48 trillion yen, or roughly $35 billion, to support the currency on Thursday. The scale would be close to the size of Japan’s July 2024 intervention, when authorities moved after the yen weakened to a 38-year low near 162 per dollar. Tokyo typically does not confirm intervention immediately, preferring to disclose monthly figures later, but unusually large projected fund flows at the central bank often provide an early signal of official activity.
The pressure on the yen has been building for months as the interest-rate gap between Japan and the United States remains wide. The Bank of Japan kept its policy rate at around 0.75 per cent this week, although three board members dissented and argued for a rise to 1 per cent. That split underlined growing concern inside the central bank that imported inflation, higher energy costs and yen weakness could feed into domestic prices.
The Federal Reserve also left rates unchanged, keeping its target range at 3.5 to 3.75 per cent. The gap between US and Japanese yields continues to encourage carry trades, in which investors borrow cheaply in yen and invest in higher-yielding dollar assets. Such positioning has made the yen vulnerable whenever markets believe Tokyo’s warnings lack force.
The intervention threat gained urgency after oil prices climbed on concerns over disruption linked to the Iran conflict and risks around the Strait of Hormuz. Japan, heavily dependent on imported energy, faces a double blow from higher crude prices and a weaker currency, which raises the local cost of fuel, food and raw materials. That dynamic complicates the Bank of Japan’s effort to normalise policy gradually without damaging a fragile recovery.
The broader central bank backdrop added to volatility. The European Central Bank kept its deposit rate at 2 per cent while signalling that inflation risks had intensified. The Bank of England held Bank Rate at 3.75 per cent in an 8-1 vote, with one policymaker favouring an increase. Across major economies, policymakers are balancing weaker growth signals against renewed price pressures from energy and supply disruptions.
Currency traders said Japan’s challenge is that intervention can slow a slide but rarely reverses a trend unless supported by monetary policy or a shift in global rates. A one-off operation may force investors to cut speculative positions, but renewed dollar strength can quickly restore pressure on the yen if US yields remain elevated and the Bank of Japan moves cautiously.
The timing of the suspected intervention was also significant. With European markets partly thinned by the May Day holiday and Japan heading into an extended holiday stretch, liquidity conditions were expected to remain fragile. Authorities have often chosen moments of thin trading to maximise the impact of currency operations, but such moves also increase the risk of sudden reversals when full market participation returns.
For households and companies in Japan, the exchange-rate battle has direct economic consequences. A weaker yen benefits exporters by raising the value of overseas earnings, but it also lifts import bills and squeezes consumers through higher costs. Large manufacturers have been able to absorb some of the pressure, while smaller businesses reliant on imported inputs face tighter margins.
Arabian Post Staff -Dubai US President Donald Trump urged Iran to “get smart soon” and agree to a deal as Washington weighed a longer blockade of Iranian ports, raising the stakes in a confrontation that has already unsettled energy markets, shipping routes and diplomacy across the Gulf. Trump’s message on Truth Social followed several days of stalled contacts aimed at ending the conflict and securing restrictions on […]
US President Donald Trump has urged Iran to “get smart soon” and sign a deal, sharpening pressure on Tehran as efforts to end the conflict remain stalled and Washington weighs keeping a naval blockade of Iranian ports in place for months. Trump used a Truth Social post on Wednesday to accuse Iran of failing to reach what he called a “non-nuclear deal”, saying Tehran “couldn’t get its […]
Blockchain investigator ZachXBT has sharpened scrutiny of Sam Altman-linked World, accusing the biometric identity and crypto project of using a low-float token structure and incentives that placed poorer users at the centre of a controversial data-gathering model. The criticism, posted on X and amplified across crypto markets, focused on Worldcoin’s WLD token distribution, its iris-scanning sign-up system and the risk that verified accounts could be traded through […]
France has set deadlines to end the use of coal, oil and fossil gas for energy, placing itself among the first major economies to publish a full fossil-fuel exit timetable as governments debate how to turn climate pledges into enforceable national plans. The roadmap, presented at the international talks in Santa Marta, Colombia, commits France to phasing out coal by 2030, oil by 2045 and fossil gas […]
By Saifur Rahman GCC financial wealth is projected to grow by roughly 4.7–5.2 percent annually, reaching US$3.5 trillion by 2026–2027, up from US$2.7–US$2.8 trillion in 2021–2022, driven by high oil prices, robust IPO activity in the UAE and Saudi Arabia, and a rising influx of high-net-worth individuals, according to a report by Boston Consulting Group. The recently announced plans by the UAE Government to automate 50 per […]
Emirates has completed the first installation of Starlink Wi-Fi on an Airbus A380, marking a major step in its plan to turn onboard internet from a limited add-on into a core part of the long-haul travel experience. The upgraded superjumbo returned to Dubai after installation and certification work in Newquay, United Kingdom. The aircraft is the first A380 in the world to be fitted with the next-generation […]
Brussels has moved to compel Google to share key search data with rival search engines and AI-powered services, raising the stakes in Europe’s effort to curb the dominance of large digital platforms under the Digital Markets Act. The European Commission’s preliminary measures would require Alphabet’s Google to provide eligible third-party search providers with access to anonymised ranking, query, click and view data on fair, reasonable and non-discriminatory […]
HONG KONG SAR – Media OutReach Newswire – 27 April 2026 – “Momentum Unleashed, Time is Now · GE Jun 2026 Grain Rain Speech” was recently staged in Hangzhou. GE Jun, the Chairman and CEO of TOJOY Shared Smart Enterprise Services, joined more than 2,000 private entrepreneurs, a visiting European political and business delegation, and leading scholars and experts in a far-reaching dialogue on how private enterprises may endure, adapt and evolve in a new era.
This year marks the third consecutive edition of GE Jun’s annual Grain Rain Speech. From “Leap Ahead Again” in Shenzhen in 2024, to “With Belief, The Road Opens Up” in Chengdu in 2025, and this year’s “Momentum Unleashed, Time is Now” in Hangzhou, the series has maintained a clear thematic continuity. Across the three editions, it has attracted more than 6,000 entrepreneurs to attend in person and reached tens of millions online, and has become a signature public intellectual platform amid the transformation wave facing private enterprises.
Focusing on Three Major Currents and Advancing Four Evolutionary Capabilities
GE Jun, formerly Global Vice President at Intel, Apple and NVIDIA, brings extensive global management experience. In a three-hour address, he structured his remarks around four major chapters — “Great Rivers and Mighty Currents,” “Big Waters, Big Fish,” “The Evolution of Fish,” and “Deep Bonds Between Fish and Water” — offering a systematic reading of the three great currents confronting private enterprises in 2026: technology, globalization and policy.
He pointed out that enterprises in 2026 are confronting three key realities: competition is shifting from “manufacturing capability” to “scenario-solving capability”; overseas expansion is moving from “product exports” to “capability exports”; and policy is evolving from a “traffic light” into a “navigation system.” Only by cultivating four evolutionary capabilities — antifragility, multi-generational continuity under the “new three generations,” ecosystem positioning, and two-way engagement — can enterprises truly navigate economic cycles.
European Delegation Attends Event in China as TOJOY Builds a Bridge for China-Europe Collaboration
During the speech, GE Jun said that true globalization is about “two-way engagement” — not only Chinese enterprises going abroad, but also international partners coming into China, with both sides enabling one another and pursuing shared prosperity.
Of particular interest, Ralf, founder of the European thought exchange platform Big Improvement Day, led a 30-member European political and business delegation to China specifically to attend the event. Big Improvement Day is understood to enjoy wide influence in global economic thought circles and is often described as a “mini-Davos.” During the event, TOJOY and the delegation jointly organised the 2026 Sino-European Entrepreneurs Cooperation Forum (SEEC) and Global Innovation and Development Conference, providing a long-term cooperation platform for entrepreneurs from China and Europe.
As a concrete implementation of the “two-way engagement” concept, TOJOY announced the launch of the “Global Shared Office.” Backed by the Group’s entrepreneur resource-sharing platform with more than 6 million registered users, the initiative will create overseas footholds for small and medium-sized enterprises expanding internationally and support the high-quality global expansion of private enterprises.
New Book “A Distant Drum” Released at the Event, Highlighting the Global Evolution Path of Private Enterprises
At the event, GE Jun officially released his new book, A Distant Drum: Evolution of China’s Private Enterprises in a Global Context. The book systematically sets out the evolutionary logic and practical pathways of Chinese private enterprises within a global framework, bringing together the intellectual essence of GE Jun’s more than three decades of global perspective and deep practical engagement with the private economy. “All those who stand apart do so because they have heard the drumbeat from afar.” With these words, GE Jun offered his message to entrepreneurs on the journey ahead.
GE Jun said: “Over the past 30 years, China’s economy has been defined by ‘big waters, big fish.’ Over the next 30 years, it will surely be marked by ‘deep bonds between fish and water.’ I am willing to be a resolute builder of bridges, gathering millions of ‘I’s into a shared ‘we.'”
Hashtag: #TOJOY #天九 #戈峻
The issuer is solely responsible for the content of this announcement.
Dubai’s flagship carrier expects demand to recover quickly once the Iran conflict eases, with president Sir Tim Clark signalling confidence that operational disruption will not leave a lasting dent in the airline’s growth trajectory. Speaking by videolink at the CAPA Airline Leader Summit in Berlin on Thursday, Clark said Emirates could regain momentum by the end of the summer if a political or military settlement emerges within […]
Arabian Post Staff -Dubai Masdar and Montenegro’s state power utility Elektroprivreda Crne Gore have agreed to create a 50-50 joint venture to develop large-scale renewable energy projects, giving the Adriatic country a fresh route to expand domestic generation, strengthen energy security and position itself as a supplier of cleaner electricity to neighbouring markets in the Balkans and southern Europe. The agreement was signed on 22 April […]
Google appears to be edging towards a new chapter in wearables, with leaks pointing to a screen-free fitness band branded as Fitbit Air and a broader push to fold Fitbit more tightly into a wider Google health ecosystem. The device, if launched in the coming weeks as tipped, would mark one of the clearest signals yet that the company sees room for simpler, lower-distraction health hardware alongside […]
A software platform traced to Belarus has been identified as a key enabler of a sprawling SIM-farm ecosystem that investigators say is helping cybercriminal operations run at scale across multiple continents. The platform, known as ProxySmart, was linked to at least 94 SIM-farm locations in 17 countries, with researchers identifying 87 exposed instances of its control panel across 24 proxy providers and 35 mobile carriers. The findings […]
Britain is confronting what its cyber defence chief has described as a “perfect storm”, with fast-moving technological change colliding with rising geopolitical tension and exposing companies, public bodies and critical infrastructure to a more dangerous class of digital attack. The warning, delivered at the CYBERUK 2026 conference in Glasgow, signals a sharper threat environment in which ransomware remains widespread but the gravest strategic risks are increasingly […]
Unchecked AI agents are triggering cybersecurity incidents across a broad swathe of companies, with data exposure, disrupted operations and direct financial damage now emerging as common consequences of a fast-moving corporate shift towards autonomous software. A new industry survey found that 65% of organisations suffered at least one AI agent-related incident over the past 12 months, while 82% said they had discovered previously unknown AI agents operating […]
The QRNW Global Ranking of Transnational Universities 2027 has placed Swiss International University (SIU) in third position among all transnational universities worldwide. The recognition was awarded to the university because it operates extensive international programs while offering flexible academic options and worldwide educational access for all its students. The ranking reflects SIU’s continuous efforts to build an inclusive learning environment for students from diverse countries and backgrounds. […]
OVHcloud has added Quandela’s Belenos quantum computer to its cloud platform, giving customers on-demand access to a second physical quantum machine as Europe pushes to turn research strength into commercial computing capacity. The announcement, made on April 17 at the Quantum Defence Summit, expands OVHcloud’s Quantum Platform less than six months after the French cloud group launched it as a European Quantum-as-a-Service offering. Belenos is a 12-qubit […]
Anthropic’s Claude Opus has been thrust into a fresh security debate after researcher Mohan Pedhapati said he used the model to help build a working V8 exploit chain that achieved code execution against an outdated Chromium build bundled with Discord. Pedhapati, CTO of Hacktron and known online as s1r1us, said the exercise ran over about a week, consumed 2.3 billion tokens, cost $2,283 in API fees and […]
eToro has relaunched its AI investing companion Tori with a stronger claim to immediacy, adding real-time market sentiment drawn from X through Grok 4.2, persistent memory across sessions and a new conversational tool for creating and managing AI-driven “Agent Portfolios”. The move, announced on 16 April, places artificial intelligence more squarely at the centre of the platform’s retail investing strategy as brokers compete to turn chat […]
Washington has approved a potential $11.9 billion foreign military sale to Germany covering an integrated combat system, related equipment and support, in a move that underlines Berlin’s push to strengthen high-end naval air and missile defence within NATO. The U. S. State Department cleared the package on Friday, with Lockheed Martin and RTX named as the principal contractors. The proposed sale is centred on AEGIS-based combat system […]
Enterprises are moving into a more consequential phase of artificial intelligence adoption, one in which software no longer just drafts, suggests or summarises but can carry out multi-step work across finance, customer service, coding, procurement and compliance. That shift is forcing boards, risk teams and technology leaders to rethink an assumption that has shaped enterprise software for decades: if a human still presses the final button, responsibility […]
Arabian Post Staff -Dubai Oil prices fell sharply on Friday after Iran’s foreign minister said the Strait of Hormuz would remain open to commercial shipping during a ceasefire, easing immediate fears of a prolonged choke on one of the world’s most important energy routes. Brent crude and US West Texas Intermediate both tumbled by more than 11% at one stage of trading, as investors unwound risk premiums […]
