Ransomware detections fall 14% as alternative attack strategies evolve HONG KONG SAR – Media OutReach Newswire – 12 March 2024 – Trend Micro Incorporated (TYO: 4704; TSE: 4704) a global cybersecurity leader, today revealed a 10% annual increase in total threats blocked in 2023 and warned that attackers are using more advanced methods to target fewer victims with the potential for higher financial gains. To read a […]
Bitcoin Ordinals, a novel way of inscribing data like images and text directly onto individual satoshis (the smallest unit of Bitcoin), have witnessed a significant surge in popularity in recent months. According to a new report, the total sales volume of these Ordinals reached a staggering $1.6 billion over the past three months, with over 200,000 unique buyers participating in the market. While the leading cryptocurrency exchange […]
A new global survey conducted by deVere Group, using insights from some 750 clients with more than £1m/$1.2m in investable assets, reveals the top three financial priorities that shape the decision-making of high-net-worth individuals. The poll shows that 59% of the clients surveyed cited ensuring that they had enough money for their desired retirement was their number one financial priority. Nigel Green, CEO of deVere Group, […]
BANGKOK, THAILAND – Media OutReach Newswire – 11 March 2024 – The Office of the National Anti-Corruption Commission (NACC), Thailand encourages both locals and foreigners to participate in tackling the corruption problem, ensuring that there is a specified law to protect witnesses and whistleblowers to help officials detect corruption cases. The Constitution of the Kingdom of Thailand Section 63 B.E.2560 (2017) places importance on the prevention and […]
In a historic display of unity, world leaders and tech titans convened in London on Monday for a summit dedicated to combating the ever-evolving threat of international fraud. Hosted at Lancaster House, the summit brought together representatives from governments, financial institutions, and major technology companies, all with a shared goal of crafting a comprehensive strategy to tackle this growing menace. The urgency of the situation was palpable. […]
The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, made a strong appeal for collaboration among member countries at the recently concluded 13th Ministerial Conference held in Abu Dhabi. Highlighting the current geopolitical tensions, rising inflation, and economic uncertainty, Okonjo-Iweala emphasized the crucial role of trade in navigating these global challenges. Opening the conference, she acknowledged the complex global situation but stressed the continued importance of […]
Investors are keeping a close eye on Bitcoin as Santiment, a blockchain intelligence firm, reveals a shrinking supply of the cryptocurrency on exchanges. This trend suggests a potential decrease in overall availability, which could influence Bitcoin’s price in the near future. The concept hinges on basic principles of economics: supply and demand. When a readily available good or service becomes scarcer, its value tends to rise as […]
The United Arab Emirates (UAE) and Switzerland are revving up their economic engines, aiming to propel bilateral trade and investment to new heights. A recent high-level UAE delegation, led by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, visited Bern and Basel in Switzerland to solidify existing ties and explore avenues for further collaboration. This economic push comes on the back of impressive […]
Bitcoin mining, the process by which new bitcoins are created and transactions are verified on the blockchain network, is facing increased scrutiny due to its surging energy consumption. According to a recent report by Bloomberg, Bitcoin miners devoured a record 19.6 gigawatts (GW) of power last month, a significant jump from 12.1 GW in 2023. This insatiable demand for electricity has environmental advocates and some within the […]
Launch of joint research on MSME resilience in Southeast Asia, and a focus on Malaysia and Thailand, detailing key risks and alternative approaches to insurance Presentation of the SME Loss Prevention Framework, a digital tool for Malaysian SMEs to better understand and manage growing climate and weather-related risks Showcasing Insurance Innovation Challenge Fund Malaysia solutions for protecting SMEs in the country Generali also expands its flagship SME […]
Continued Subscription Growth Illustrates Success of Ongoing Innovation and Arlo’s Robust Hardware and Software Solutions SINGAPORE – Media OutReach Newswire – 7 March 2024 – Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today announced its AI-powered subscription service has surpassed a milestone of 3 million paid accounts. Arlo’s continued subscription growth illustrates the success of its ongoing innovations and a robust ecosystem of […]
India’s political landscape continues to shift as parties strategize for upcoming elections. A key development this week saw former Andhra Pradesh Chief Minister Chandrababu Naidu finalizing an alliance with the Bharatiya Janata Party (BJP), the country’s ruling party. Naidu, confident of a “sweep,” believes the pact will propel them to victory. This move comes amidst a flurry of political activity, with the Congress party finalizing seat-sharing agreements […]
In a decision with potentially significant ramifications for the cryptocurrency industry, a court has authorized investors to proceed with a class-action lawsuit against Binance, the world’s largest cryptocurrency exchange. The lawsuit, filed in 2021, accuses Binance of misleading investors about its regulatory compliance and security measures. The plaintiffs allege that Binance misrepresented itself as a fully licensed exchange operating within legal frameworks. They claim this enticed them […]
In a move to solidify its presence in the UAE’s agricultural sector, Ghitha Holding, a subsidiary of the massive Abu Dhabi-based conglomerate International Holding Company (IHC), has acquired an additional 12% stake in Al Ain Farms for Livestock Production. The deal, valued at AED 61 million (roughly $16.6 million), was announced on Friday through a filing on the Abu Dhabi Securities Exchange (ADX). This acquisition is being […]
HONG KONG SAR – Media OutReach Newswire – 8 March 2024 – Representing another significant participant in the Hong Kong’s virtual asset sphere, fintech company AnchorX has announced its official establishment and plan for exploration of Hong Kong Dollar (HKD)-backed stablecoin, AxHKD. AnchorX envisions becoming the most trusted provider of digital currency solutions in Asia, empowering reliable and efficient global exchanges. Industry leaders from both traditional finance […]
Abu Dhabi is poised to become a key player in the future of secure space communications with the inauguration of the Middle East’s largest quantum optical ground station. Developed by the Technological Innovation Institute (TII), the Abu Dhabi Quantum Optical Ground Station (ADQOGS) marks a significant leap for the United Arab Emirates (UAE) in the space technology sector. The ADQOGS is a specialized telescope facility designed to […]
The Abu Dhabi Entertainment Company (ADEC) has unveiled a collaborative effort to elevate the emirate’s sporting infrastructure. The initiative, announced on March 8th, 2024, signifies a commitment to fostering a more vibrant sporting community within Abu Dhabi. This ambitious project will see ADEC join forces with Sanad, Strata Manufacturing, and Solutions+. Sanad, a prominent Emirati defense and security solutions provider, brings its dedication to community empowerment through […]
The Federal Bureau of Investigation (FBI) has revealed a significant rise in cryptocurrency investment fraud in 2023. According to their report, victims lost a staggering $3.94 billion to such scams, representing a 53% increase compared to the previous year. This surge comes amidst a broader decline in the cryptocurrency market, highlighting the evolving tactics of cybercriminals who continue to exploit investor interest in digital assets. While the […]
The Abu Dhabi Judicial Department (ADJD) has announced plans to facilitate virtual visits for inmates in Correction and Rehabilitation Centres across the emirate during the holy month of Ramadan. This initiative aims to maintain family connections and offer a sense of normalcy for those observing Ramadan while incarcerated. Inmates will be able to connect with families and relatives through a designated app called “Nafidhaty,” which translates to […]
James M Dorsey The Gaza war has turned Palestine into a lightning rod for mounting frustration and discontent in Arab autocracies such as Egypt, Jordan, Tunisia, Algeria, and Morocco. Concerned that the war could mobilise segments of civil society, Saudi Arabia and the United Arab Emirates where any form of public protest is banned, have cracked down on expressions of solidarity with Gaza, including the sporting of […]
Bitcoin miners are reaping the rewards of the cryptocurrency’s recent surge in value. Data shows that daily revenue for miners hit a near-record high of $75.9 million on March 6th, trailing only the all-time high of $77.3 million reached on April 14th, 2021. This windfall comes on the heels of Bitcoin reaching a new peak of $69,200 just before the mining revenue spike. The close correlation between […]
As retirement approaches, many people diligently save for retirement, stashing away funds in traditional savings accounts or low-risk options. While saving is undeniably crucial, it always has been and always will be imperative to not just save, but invest wisely also in order to ensure a robust and sustainable retirement fund. Inflation erodes the power of savings One of the primary reasons to embrace investment over merely […]
Survey shows AI poised to take off, with 95% of HK CIOs saying AI budgets met or exceeded Challenges ahead with speed of scaling, demonstrating ROI and having the right talent HONG KONG SAR – Media OutReach Newswire – 7 March 2024 – At Lenovo’s inaugural Tech World Hong Kong event today, Lenovo gathered international technology leaders and innovators to showcase its deep commitment to driving AI […]
Regional telco rewards programme gives travellers access to unique local deals HONG KONG SAR – Media OutReach Newswire – 6 March 2024 – HKT (SEHK: 6823) – HKT, AIS, Globe, Optus, Singtel, Taiwan Mobile and Telkomsel announced that they will be initiating a collaboration as an Alliance to launch a first-of-its-kind cross-border rewards programme, which aims at delivering greater value to eligible customers when they travel to […]
