Prime Minister Narendra Modi is hosting the BRICS summit in New Delhi with Russia and China displaying a closer strategic alignment, adding pressure to India’s effort to preserve strong ties with Moscow while managing a cautious thaw with Beijing and maintaining partnerships with the West. Russian President Vladimir Putin met Modi on Friday, a day before the leaders’ summit, and the two reviewed cooperation spanning trade, defence, […]
North Korea fired multiple short-range ballistic missiles towards the East Sea on Saturday, a day after South Korea, the United States and Japan completed a five-day trilateral military exercise. South Korea’s Joint Chiefs of Staff said the missiles were detected at about 5.20am from the Wonsan area on North Korea’s east coast. They flew roughly 250 kilometres before falling into the sea, while South Korean and US […]
The emblem, “Jing Yue”, centred on the Temple of Heaven and the Chinese character “京” (Jing), draws on the expressive charm of Chinese calligraphy, engraves Beijing’s local identity, and radiates the vibrant energy of athletics.
The mascot, “Jing Yan”, draws inspiration from “Yan’er”, the mascot of the 2015 edition of the Championships. Modelled after the Beijing swift, it symbolises “the return of the swift after 12 years”. The design subtly incorporates traditional Chinese kite patterns and the expressive eye makeup of Peking Opera, while a lightning-bolt dynamic adds a sense of speed. This seamlessly blends natural vitality, culture, art, and athletic competition. It not only nods to the 2015 edition of the Championships, but also brings Beijing’s rich cultural heritage vividly to life.
The theme slogan “Every Step Counts” embodies the relentless competitive spirit that every step and every effort matters. It sends a warm yet resolute message to the world: on the road to excellence, every wholehearted effort holds extraordinary value.
In his video address, President of World Athletics Sebastian Coe noted that Beijing is the first city in the world to have successfully hosted both the Summer and Winter Olympics, with a remarkable record of staging world-class events. He said the World Championships Beijing 2015 produced many iconic moments, and that World Athletics firmly believes China will stage the 2027 edition of the Championships to the highest possible standard and deliver an unforgettable sporting spectacular for audiences across the globe.
The World Athletics Championships Beijing 27 will be held at the National Stadium from 10 to 19 September 2027. More than 2,000 athletes from over 200 countries and regions will gather at the Bird’s Nest for this grand athletics celebration.
Hashtag: #WCHBeijing27 #EveryStepCounts
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Arabian Post Staff -Dubai The UAE has backed closer financial coordination among BRICS members and supported the New Development Bank’s next five-year strategy during high-level meetings in Mumbai, reinforcing its expanding role in multilateral development finance. The Ministry of Finance said the country took part on Thursday in the second meeting of BRICS finance ministers and central bank governors and a special meeting of the New Development […]
Arabian Post Staff -Dubai Yemen’s Houthi movement has seized Perim Island and Dhubab on the Bab al-Mandab, giving the Iran-aligned group control of key positions overlooking one of the world’s most important shipping chokepoints as fighting intensifies along the Red Sea coast. The advance followed the withdrawal of forces aligned with Yemen’s internationally recognised government and came a day after the Houthis captured the port city of […]
A National Barometer Survey released Thursday showed 43 per cent of respondents approved of Lee’s handling of state affairs, down seven percentage points from two weeks earlier, while 48 per cent disapproved. It was the first time disapproval exceeded approval in the biweekly poll since Lee took office in June 2025.
The same survey found 45 per cent opposed deploying military assets, including maritime patrol aircraft and support ships, to Hormuz, compared with 36 per cent who supported such a move. Opposition was strongest among respondents in their 40s and 50s and among supporters of Lee’s ruling Democratic Party, underscoring the domestic political risk surrounding any military contribution.
Seoul has repeatedly said no final decision has been made. Seong Ghi-hong, senior presidential secretary for public relations and communication, said Wednesday that the government had not finalised its policy and was “cautiously assessing” the issue. A Defence Ministry inspection team sent to the United Arab Emirates to examine conditions returned on Thursday.
The government has described the mission as an assessment rather than preparation for deployment. National Security Adviser Wi Sung-lac also said talks between Lee and French President Emmanuel Macron in Paris focused on possible contributions to maritime security and freedom of navigation, not on an agreement to send troops.
The debate has sharpened as US President Donald Trump presses allies to help secure Hormuz during the prolonged conflict with Iran. Trump has publicly criticised Seoul over its reluctance to support US efforts in the waterway, which carries a major share of the energy supplies used by South Korea and other Asian economies.
South Korean officials have denied that Washington imposed a deadline for a deployment. The presidential office has said Seoul is discussing practical ways to support peace, stability and free navigation with international partners, while weighing military readiness, legal requirements and the risks of deeper involvement in the conflict.
Any dispatch of troops would require approval from the National Assembly, where Lee’s Democratic Party holds a majority. That gives the government procedural room but does not remove the political cost of acting against a sizeable share of public opinion, including voters aligned with the ruling camp.
A separate Hangil Research survey conducted from September 5 to 7 found 47.1 per cent opposed deployment and 43 per cent supported it, a difference within the poll’s margin of error. Opposition rose to 55.5 per cent among Democratic Party supporters and 62.4 per cent among self-described liberals.
Lee’s broader ratings have also weakened for domestic reasons. A Realmeter survey released Monday put his approval at 37.4 per cent, down 1.5 percentage points over the week and the eighth consecutive weekly decline. The pollster linked the fall primarily to disputes over a cabinet reshuffle and housing-related policy changes rather than the Hormuz question alone.
Gallup Korea last week placed Lee’s approval at 40 per cent, with 51 per cent disapproving. Respondents who viewed him negatively most often cited real estate policy, followed by concerns about the economy and livelihoods and dissatisfaction with personnel appointments.
The Hormuz issue nevertheless adds a foreign-policy dilemma at a sensitive moment. South Korea depends heavily on imported energy, and disruption in the strait has already increased the strategic importance of keeping shipping routes open. At the same time, Iran has warned Seoul against military participation, saying such a move could be viewed as siding with US military action.
Shipping through Hormuz remains sharply below pre-war levels as the United States and Iran continue military and economic pressure around the waterway. The conflict has pushed oil prices higher and complicated supply planning across Asia, giving Seoul a direct economic interest in restoring safer passage without becoming drawn further into hostilities.
Washington and Tehran are hardening their positions for a prolonged confrontation, with no clear path to a ceasefire and Middle East energy flows still severely disrupted. President Donald Trump said on Wednesday that he expected the war to end only after the November 3 US midterm elections, while acknowledging that Washington was not actively seeking negotiations. His remarks came as the conflict entered its seventh month and […]
By R. Suryamurthy India’s trade with BRICS has expanded dramatically, but the numbers reveal an uncomfortable imbalance beneath the rhetoric about a multipolar world and alternative financial architecture. Between FY2021 and FY2026, India’s total merchandise trade with the 11-member grouping more than doubled, from $203.1 billion to $417.5 billion. Yet the expansion was overwhelmingly […]
The article Bricks cannot de-dollarise its way out of India’s huge trade imbalance appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Algeria has ended diplomatic relations with the United Arab Emirates after saying all efforts to preserve bilateral ties had been exhausted, marking a sharp escalation in a dispute that had already damaged political and transport links between the two Arab states. The decision was announced on Thursday by Algerian state television, which cited the authorities as saying Algeria had exhausted every avenue available to maintain relations with […]
Abu Dhabi-based BlueFive Capital has completed the acquisition of a 30% equity stake in Bugatti Rimac from Porsche, becoming the second-largest shareholder in the producer of Bugatti supercars. The transaction closed on September 9 after regulatory approvals were secured, BlueFive said. Rimac Group retains its 55% controlling stake in Bugatti Rimac, while BlueFive now holds the largest position after the Croatian automotive group. BlueFive will gain a […]
Uber has invested $100 million in Atoms, the industrial artificial intelligence company founded by its former chief executive Travis Kalanick, as the start-up develops autonomous-driving technology that could eventually be used on Uber’s ride-hailing network. The investment forms part of Atoms’ $1.7 billion equity financing announced in July and led by Andreessen Horowitz, with Ben Horowitz joining the company’s board. Uber’s participation reconnects the ride-hailing group with […]
Consensys Software Inc. will split into two independently operated companies, turning its MetaMask business into a standalone consumer finance firm while creating a separate company for Ethereum protocols and institutional blockchain infrastructure. The existing legal entity will continue under the MetaMask name, with Ethereum co-founder Joe Lubin serving as chairman and chief executive. Its protocols group and institutional infrastructure operations will move into a newly formed company […]
PayPal has extended the reach of its dollar-backed stablecoin into custom token issuance, with the PYUSDx developer platform now supporting three live projects and more than $100 million in processed volume. PYUSDx allows businesses and developers to create their own branded onchain tokens while using PayPal USD, or PYUSD, as the economic foundation. M0 built the platform’s programmable infrastructure, while MoonPay Digital Assets Limited handles issuance and […]
President Donald Trump warned Iran on Wednesday that the United States could strike Pickaxe Mountain after Washington detected activity at the deeply buried site near the damaged Natanz uranium enrichment complex. “We notice there’s a little activity at Pickaxe. I would advise Iran not to get cute because we will have to hit them very hard,” Trump told a Republican midterm convention in Dallas, sharpening warnings he […]
DP World and GulfCap Africa have formalised their joint venture to develop the 222-hectare Mombasa Industrial Park, advancing a major special economic zone project intended to expand manufacturing and logistics capacity on Kenya’s coast. The companies signed a Shareholders Agreement at State House in Nairobi in the presence of President William Ruto, building on a partnership announced in August. The agreement establishes the ownership framework behind the […]
By K Raveendran India has spent the past four years demonstrating that energy security can sometimes be protected by refusing to choose sides. Russian crude offered discounts when Western sanctions rearranged the global oil market, Gulf producers remained indispensable despite the new relationship with Moscow, and purchases from the United States and other distant suppliers […]
The article India’s oil cushion faces two-front squeeze amidst Trump’s tariff threat appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Arabian Post Staff -Dubai Abu Dhabi’s International Hunting and Equestrian Exhibition ended its 23rd edition with more than 481,576 visitors over 10 days, a 27 per cent increase from 2025, setting new records for attendance, participation and exhibition scale. The event, held from August 28 to September 6 at ADNEC Centre Abu Dhabi, brought together 2,405 exhibitors and brands from 71 countries across 15 sectors. Six countries […]
Hunter Biden’s newly launched LAPTOP memecoin lost about 99 per cent of its value within its first hour of trading on Wednesday, turning a hypothetical $1,000 purchase near its early peak into roughly $10 as prices collapsed below $2. The token, launched on Coinbase’s Base blockchain, traded near $190 to $200 shortly after opening before plunging to below $4 within minutes and later falling under $2 on […]
BANGKOK, THAILAND – Media OutReach Newswire – 9 September 2026 – Bain Capital, a leading global private investment firm, and Omnam Group, a Europe-based hospitality real estate developer and investor, recently announced the sale of The Lake Como EDITION to Sansiri Capital, the hospitality trophy asset fund of Sansiri Public Company Limited, a leading Thai real estate developer with more than 40 years of experience. The transaction marks the culmination of the partners’ transformation of the landmark Lake Como property into one of Italy’s most significant new luxury hospitality destinations. The transaction is expected to be completed in the next several weeks. Completion remains subject to customary closing conditions and required third-party approvals. Financial terms were not disclosed.
Set on the shores of Cadenabbia, the property occupies a rare waterfront position opposite Bellagio, with access to Milan and Malpensa International Airport in approximately one hour. The landmark 19th-century palazzo was acquired by Bain Capital and Omnam Group in late 2021. An extensive redevelopment began in April 2022, reimagining the historic property as The Lake Como EDITION. The hotel opened in March 2026, just under six months ago, as part of Marriott International’s EDITION Hotels portfolio, introducing a new expression of contemporary luxury to one of Italy’s most iconic destinations.
At acquisition, Bain Capital and Omnam identified an opportunity to create a new luxury hospitality offering in a market characterized by strong international demand, limited five-star supply and significant barriers to new lakeside development. Acquiring the property with vacant possession enabled the partners to undertake a comprehensive repositioning rather than an incremental refurbishment.
The sale reflects growing international investor interest in distinctive, experience-led European hospitality assets and marks Sansiri’s strategic expansion into Europe’s luxury hospitality sector through the Sansiri Capital fund, further strengthening its portfolio of trophy assets. For Bain Capital and Omnam Group, the transaction demonstrates the value created by combining real estate investment, development expertise and leading hospitality partners to reposition a complex asset.
The redevelopment substantially reconfigured the property, reducing the former hotel’s room count from nearly 300 to 148 larger rooms and suites and creating a new spa and wellness building, alongside an extensive food and beverage and leisure offering. The transformation also incorporated the property’s distinctive waterfront amenities, including its floating pool and beach club.
Ali Haroon, a Partner and Head of Europe Real Estate for Bain Capital, said:
“Lake Como is a strong example of how we approach real estate investing in Europe. We focus on sectors supported by long-term structural demand and opportunities where our capital, local relationships and hands-on capabilities can fundamentally transform an asset. Together with Omnam, we have taken a highly underinvested property in an irreplaceable location and created a contemporary luxury destination for the international market. This is exactly the type of complex, execution-led opportunity we seek across our Europe Real Estate strategy.”
David Zisser, CEO and Founder of Omnam Group, said:
“The Lake Como EDITION has been an ambitious undertaking from the outset. Our vision was to take a remarkable historic property in one of the world’s most iconic destinations and give it new relevance through architecture, design and hospitality, while remaining deeply connected to the character of Lake Como.
Together with Bain Capital and an exceptional group of partners, we have taken that vision from acquisition and development through to the opening of a landmark new hotel. We are immensely proud of what has been created. The completion of this transaction is a significant milestone for Omnam and a testament to the strength of our development approach, while marking the beginning of an exciting new chapter for The Lake Como EDITION.”
The sale of The Lake Como EDITION marks the latest chapter in Omnam Group’s expanding presence across Europe, where an ambitious pipeline of projects is currently underway in Florence, Venice, Puglia and Sicily — each reimagining distinctive properties into internationally relevant lifestyle destinations.
The acquisition also marks a significant international investment for Sansiri Public Company Limited, bringing one of Lake Como’s newest luxury hospitality assets into its trophy-asset portfolio through Sansiri Capital, the hospitality trophy-asset investment arm.
Napat Thavisin, President of International Operations, Sansiri Public Company Limited and Managing Director of Sansiri Capital, said:
“The acquisition of The Lake Como EDITION marks a significant milestone in advancing Sansiri’s New S-Curve strategy. It strengthens our financial resilience and diversifies risk across our global hospitality portfolio. We remain focused on ultra-luxury trophy assets in gateway cities and high-demand leisure destinations—markets characterised by robust demand and inherently constrained supply. This disciplined capital-allocation approach is designed to maximise long-term shareholder value.
As Thailand’s No.1 most trusted luxury real estate developer, with 40 year of experience, Sansiri brings a proven record in global markets from The Manner SoHo, New York to the growth of Standard International prior to its acquisition by Hyatt Hotels Corporation. Leveraging this expertise, we look forward to stewarding this exceptional investment in The Lake Como EDITION under Sansiri Capital’s ownership, in collaboration with Marriott International, which will continue to operate the hotel, while further diversifying our revenue streams across major global currencies. Looking ahead, Sansiri will actively pursue trophy-asset investments in premier leisure and gateway destinations worldwide, reinforcing our position as a fully integrated global real estate and lifestyle investment platform.”
Hashtag: #Sansiri
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Frost & Sullivan credited TP’s ability to move AI from experimentation into live operations, which Frost identified as one of the most urgent gaps in the industry. TP applies AI across the service delivery lifecycle to help teams become productive faster and improve service quality at scale. This starts with AI-enabled recruitment and onboarding, extends into simulation-based training that helps customer experts build proficiency before handling live interactions, and continues through workforce management and AI-assisted coaching. In quality assurance, TP now reviews every transaction rather than the small sample the industry has traditionally relied on, sharpening coaching precision, compliance visibility and operational learning.
“As AI becomes embedded into customer operations, enterprises need outcome-based models that orchestrate AI and human agents to improve productivity and deliver measurable business value,” said Dave Rizzo, President and CEO, APAC, TP. “TP designs workflows that use AI to elevate human work, while linking productivity gains to the business outcomes clients want to achieve. Being named Frost & Sullivan’s Asia-Pacific Company of the Year recognizes the progress we are making in delivering that transformation for clients across the region.”
Frost & Sullivan highlighted TP’s work with a major hospitality brand in Singapore as an example of this approach in practice. The engagement went beyond operational delivery to integrate technology across legacy and modern systems, while also implementing an AI-enabled knowledge platform that delivers trusted, context-aware answers to customer inquiries across multiple operational teams and lines of business. Together, these capabilities supported a broader redesign of the service infrastructure behind a high-touch, premium customer experience. Beyond individual client engagements, TP’s operations across Asia-Pacific play a dual role in TP’s strategy as both a delivery engine and a business development engine in a high-growth demand market. Frost & Sullivan noted that TP’s regional footprint enables it to respond to different language, regulatory, cultural, and operational requirements.
“The company’s centers of excellence in Asia-Pacific contribute to the development of solutions across AI, machine learning, natural language processing, analytics, and automation. This gives the region a role beyond labor delivery. It becomes a capability engine for global transformation,” said Krishna Baidya, Vice President, ICT Practice, Frost & Sullivan.
Frost & Sullivan also highlighted TP’s approach to reframing the traditional onshore-versus-offshore debate. Across Asia-Pacific, TP supports offshore, nearshore, onshore and hybrid delivery models, using technology and local market capabilities to balance cost efficiency, service quality, language requirements and regulatory needs. This flexibility allows TP to tailor delivery models to the realities of individual markets rather than relying on a single approach.
With operations in close to 100 countries and services spanning more than 170 markets, TP combines global scale with regional delivery depth, technology and human expertise. Across Asia-Pacific, this is translating into measurable outcomes, including an agentic triage use case that reduced referral-to-booking turnaround from approximately 24 hours to minutes while improving booking conversion. The recognition reflects how TP is evolving its digital business services for the next phase of AI-enabled transformation while keeping human oversight, empathy, judgment and relationships central to the service model.
Hashtag: #TP
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TP in Singapore is part of the TP Group, a global leader in digital business services which consistently seeks to blend the best of advanced technology with human empathy to deliver enhanced customer care that is simpler, faster, and safer for the world’s biggest brands and their customers. The Group’s comprehensive, AI-powered service portfolio ranges from front office customer care to back-office functions, including high-value digital transformation services, collections and operations consulting. It also offers a range of specialized services such as interpreting and localization, visa and consular services, and recruitment process outsourcing services. The teams of multilingual, inspired, and passionate experts and advisors, spread in close to 100 countries, as well as the Group’s local presence allows it to be a force of good in supporting communities, clients, and the environment.
For more information: www.tp.com.
North Korea’s newly appointed defence minister has warned that Pyongyang will take strong countermeasures if the United States and its allies provoke a new military confrontation, as Washington, Seoul and Tokyo conduct their five-day Freedom Edge exercise. Kim Song-gi, appointed defence minister late last month, issued the warning in a statement carried by the Korean Central News Agency on Monday. He said the US-led exercises were creating […]
Arabian Post Staff -Dubai Dubai Multi Commodities Centre has formally brought the world’s largest silver bar into regulated tokenised investment, allowing eligible investors to buy fractional digital interests linked to the 1,971kg Guinness World Record asset. The launch makes the bar the first tokenised commodity asset issued under the DMCC-Virtual Assets Regulatory Authority tokenisation framework, advancing Dubai’s push to create regulated markets for real-world assets represented digitally. […]
Arabian Post Staff -Dubai Saudi low-cost carrier flynas has agreed to acquire a 10 per cent stake in Swissport Saudi Arabia for about SAR50 million, pairing the investment with a five-year exclusive ground-handling agreement covering its network across the kingdom. The transaction, signed on September 6 and disclosed to the Saudi Exchange on Monday, also gives flynas an option to buy an additional 10 per cent of […]
Arabian Post Staff -Dubai Bahrain has signed its Participation Contract for Expo 2030 Riyadh, establishing the formal framework for its pavilion, programmes and visitor experience at the six-month World Expo. The agreement, signed in Manama on September 3, moves Bahrain’s participation from confirmation and preparatory work into detailed planning and implementation. It was signed by Sheikh Khalifa bin Ahmed Al Khalifa, president of the Bahrain Authority for […]
