Ajman is preparing to host the Big Bad Wolf book sale for the first time, as the world’s biggest travelling book fair descends on the emirate. The sale runs from 25 September to 5 October 2025 at Youth X HUB, open daily from 10 am to 9 pm, with free admission throughout. Book enthusiasts can explore more than 250,000 titles across genres—from children’s stories to science fiction, […]
Matein Khalid Klarna hits the IPO hit parade in New York on Wednesday and the grapevine suggests that the Swedish fintech IPO is oversubscribed by at least 10X. The investment bankers priced Klarna last night at $40, even above the 35-37 range where Sequoia capital, Silver Lake and lesser grandees on Sand Hill Road, Dai Nippon, Sing and Oz will now pocket a multi-billion dollar paydirt as […]
By Nitya Chakraborty Is the Prime Minister Narendra Modi retracting from his commitment to the SCO declaration issued on September 1 and the BRICS statement of July 6 this year to send some sort of signals to US President Donald Trump about restoring reciprocity in the India-US relations? The question is very relevant as one […]Matein Khalid My readers and friends know that I have been a boring perma-bull on gold since early 2024, when it became obvious that the People’s Bank of China was accumulating gold bullions as a hedge against an overvalued King Dollar and a capricious White House, which had just seized $300 billion in Russian central bank reserves to punish Putin’s invasion of Ukraine. The bullish gold trade […]
As the morning light kisses the glazed curtain wall of the Burj Khalifa over the Persian Gulf, and the evening breeze of Doha whispers against the dome of the Museum of Islamic Art, a practice team named “Weihai Yangxing” from Weiyang College of Tsinghua University is measuring the lands of the Middle East with their footsteps and building bridges of cooperation through dialogue. From August 14 to 24, […]
By Nantoo Banerjee One’s pain could be another’s gain. The phrase aptly describes those big business gainers across the world out of the three-and-a-half-year-old Russia-Ukraine war, killing thousands of soldiers and civilians on both sides. The list of such gainers may be short but very impressive. They include some of the giant US defence manufacturers […]
New research reveals diverse approaches to cultivating domestic philanthropy HONG KONG SAR – Media OutReach Newswire – 8 September 2025 – The Commission on Asian Philanthropy – a coalition of 13 of Asia’s leading philanthropic organisations – today announces early insights from its landmark research study on Asian giving. The 4th Convening of the Commission on Asian Philanthropy in Hong Kong on Monday, 8 September 2025 The […]
Detroit’s legacy automakers are poised to reap enormous financial benefits under federal rollback of emissions rules and EV incentives. General Motors, Ford Motor Company, and Stellantis are redirecting billions of dollars previously earmarked for electric-vehicle development and regulatory compliance back into production of internal combustion engine vehicles and hybrids. Ford, for example, has already saved approximately $1.5 billion in regulatory credits this year alone, a sum that […]
Oil prices edged higher after OPEC+ approved a modest production increase of 137,000 barrels per day from October, signalling a deliberate shift from propping up prices to recapturing market share even as the possibility of oversupply looms.
A rapid, 11-minute virtual meeting resulted in the decision by eight key alliance members to introduce a restrained output lift, clearly OPEC+ inches production upward amid surplus risk. That modest hike marks the start of unwinding an additional tranche of voluntary cuts—around 1.65 million barrels per day—that were originally scheduled to remain in place until the end of 2026.
Brent crude gained approximately 34 cents to trade at $65.84 per barrel, while U. S. West Texas Intermediate rose about 30 cents to $62.17 a barrel, trimming losses incurred last week following a soft U. S. jobs report. Analysts see the price rebound as partly driven by relief over the modest hike and technical factors, alongside concerns that looming U. S. sanctions on Russian oil may curb supply.
OPEC+ members—including Saudi Arabia, Russia and several Gulf producers—have been gradually rolling back earlier cuts since April, with previous monthly increases topping 550,000 barrels. This latest move, while smaller in volume, is seen as a strategic signal that the group is prioritising global market positioning over immediate price support. Jorge Leon of Rystad Energy commented, “The barrels may be small, but the message is big,” underscoring the symbolic weight of the alliance’s decision.
Not all members can raise output equally—only Saudi Arabia and the United Arab Emirates have sufficient spare capacity to make notable additions. Others face physical and contractual limitations to boost deliveries.
Despite the gradual rollback of cuts, analysts warn that the ramp-up, combined with rising non-OPEC+ output, could push the oil market into surplus territory by early 2026. Goldman Sachs, while holding its 2025 price forecast steady, flagged muted price risks for 2026, with expected average Brent and WTI prices in the mid-$50s.
The alliance has reaffirmed its flexibility to adjust future output, including the ability to accelerate, pause or even reverse course as market conditions evolve. Members will meet again on 5 October to review developments and determine whether to extend or amend the output ramp.
African Rainbow Minerals has suspended all mining activity at its unprofitable Bokoni platinum mine while it refines a scaled-down development proposal. The decision comes amid sharply declining earnings and a substantial impairment charge, underscoring the mine’s failure to deliver expected returns. ARM announced a 2.2-billion-rand impairment for Bokoni, attributing the write-down to delays in ramping up operations and a shift in mining methodology. This loss dragged the […]
Emergency crews are fighting a serious fire that has engulfed the upper floors of a nine-storey mixed-use building at the former BBC Television Centre on Wood Lane, White City. Around 100 firefighters attended the site by mid-morning on Saturday, joined by 15 fire engines and two 32-metre turntable ladders used as water towers. A drone team is aiding the operation by providing aerial oversight, while a rest […]
BERLIN, GERMANY – Media OutReach Newswire – 6 September 2025 – Hohem, a global innovator in AI gimbal technology, officially debuted at IFA this year, showcasing a powerful lineup that solidifies its dominant position in the consumer market. By pioneering innovations like edge AI tracking and the world’s first detachable touchscreen remote, Hohem has reshaped the smartphone content creation experience. This strategic foundation now signals the company’s […]
BERLIN, GERMANY – Media OutReach Newswire – 5 September 2025 – The Internationale Funkausstellung (IFA), the world’s leading trade show for consumer electronics and home appliances, kicked off on September 5 in Berlin. At this year’s event, Changhong drew global attention with the debut of its panda-themed smart appliances, a strategic new partnership in winter sports, and a compelling demonstration of ESG initiatives, all underscoring the brand’s […]
Hon Hai Precision Industry Co. reported August sales of NT$606.5 billion, marking a 10.6 per cent increase year-on-year. The Taiwanese manufacturer, a key production partner for Nvidia’s AI-enabled servers, anticipates both sequential and year-on-year growth in third-quarter revenue, underpinned by a sharp rise in cloud and networking product shipments. Hon Hai’s August sales climb 10.6 per cent amid AI demand reflects continued strength in AI infrastructure spending. […]
Roblox has entered into a strategic alliance with the International Age Rating Coalition to overhaul its content labelling system, replacing its existing maturity labels with recognised regional ratings such as ESRB in the United States, PEGI in the UK and Europe, USK in Germany, and GRAC in South Korea. Simultaneously, the platform will expand age-estimation requirements for all users accessing communication features by year-end, using technology like […]
A Chinese state-sponsored cyber-espionage group known as Salt Typhoon almost surely infiltrated Canadian telecommunications systems during the campaign that exfiltrated data belonging to millions of Americans. The intrusion, part of the broader Chinese-backed hackers almost certainly breached Canadian networks operation, raises alarm over the growing reach and sophistication of cross-border cyber-threats. The FBI and Canada’s Centre for Cyber Security have attributed the breach in Canada to Salt […]
The activation points to the investor’s decision to hold steadfast—“…patently holding their BTC holdings for over 12 years,”—a remarkable example of long-term strategic patience in the notoriously volatile cryptocurrency space.
Blockchain tracking services and on-chain analysts, while not identifying the holder, confirm that the bitcoin moved from a cold storage wallet first funded around 2012 has now matured into a substantial fortune thanks to the soaring bitcoin price. Historical price data indicates that the $4,400 stake likely purchased the bitcoin when its value was in the low-hundreds of dollars or even under $100 per coin.
This event occurs amid renewed upward momentum in bitcoin markets, where price action above the $111,000 level hints at a potential breakout to surpass $112,500. Analysts caution that maintaining momentum will be key, noting that the current ascent could falter under resistance.
While stories of dormant wallets awakening to deliver vast profits are not unprecedented, this case underscores the dramatic impact of time in cryptocurrency investing. Earlier this year, another long-term bitcoin holder netted nearly $30 million in profit after liquidating 300 BTC originally acquired in 2013 for around $60,000—a 496-fold return after more than a decade. In August 2025, yet another investor moved 300 BTC mined in 2013, transforming a $50 valuation per coin into a $30 million gain.
These developments highlight three evolving trends:
Firstly, long-term holding remains a potent strategy. The volatility of crypto is tempered by the compounding power of holding through cycles when the asset appreciates significantly over time.
Secondly, dormant wallets serve as markers of early adoption, especially during bitcoin’s infancy around 2010–2013. Their reactivation often signals profound gains to long-forgotten investors.
Thirdly, current market dynamics favour such histories. With bitcoin approaching and testing six-figure levels, such reawakenings may become more visible as early investors reclaim their positions.
The ethics of reporting such cases demand sensitivity. Without identifying individuals, disclosures should remain factual and avoid speculation about motives. What matters most is the concrete data: time-stamped transactions, verified wallet histories, and precise investment-to-return comparisons.
SHENZHEN, CHINA – Media OutReach Newswire – 5 September 2025 – On September 3, ASIA FRUIT LOGISTICA opened at AsiaWorld-Expo in Hong Kong. BGY Fruits, China’s leading fruit retail chain, participated alongside its subsidiary Jin Chengtai, continuing its annual presence at the event. Through consistent participation, BGY Fruits showcases its strengths in supply chain integration and brand development to global partners and potential clients—further advancing its strategy […]
Matein Khalid Gold’s 38% surge in 2025 to as high as 3570 an ounce in the New York spot market is not just about central bank anti-dollar reserve accumulation, expectations of a Fed rate cut at the September FOMC or inflation/deficit angst but also a very rational response to President Trump’s repeated assaults on the political independence of the Federal Reserve, which raises the likelihood of deliberate […]
BEIJING, CHINA – Media OutReach Newswire – 4 September 2025 – On August 27, Mengniu Dairy (2319.HK) released its interim results for 2025, reporting revenue of RMB 41.57 billion for the first half of the year, with operating profit reaching RMB 3.54 billion—an increase of 13.4% year-on-year. Thanks to the company’s ongoing implementation of lean management practices, Mengniu also achieved a 46.2% year-on-year growth in operating cash […]
A surge in players has lifted Hollow Knight to an unprecedented level: on 3 September 2025, the game recorded an all-time high of 72,916 concurrent users on Steam, more than tripling its previous benchmark and underscoring an extraordinary revival in interest. This spike follows the official announcement of Hollow Knight’s sequel, Silksong, scheduled to launch on 4 September 2025. The announcement has ignited widespread anticipation, drawing both […]
A pivotal online gathering on Sunday will determine whether the Organisation of the Petroleum Exporting Countries and its allies proceed with further oil production increases or hold current levels. The group has already rolled back its earlier cuts by 2.5 million barrels per day, equivalent to around 2.4 per cent of global demand, and is now assessing whether to unwind the next 1.65 million bpd tranche ahead of schedule.
Markets responded to the impending meeting with cautious anticipation. Brent crude fell modestly, trading near $67 a barrel, while U. S. West Texas Intermediate hovered around $63–$64. Analysts, including those at ANZ, flagged that any additional supply could deepen the surplus during a typically weak demand season. The softening outlook has already rippled through equity markets: major oil producers and service firms such as APA, Occidental, Halliburton and Schlumberger saw their shares slip between 3 and 5 per cent.
Since April, OPEC+ has pursued an aggressive unwind of output curbs. Initial increases began with modest tranches but have since accelerated: April saw the first rise, followed by consistent monthly boosts—from 411,000 bpd in May, June and July to 548,000 bpd for August and 547,000 bpd for September. These decisions reflect strategic moves to regain market share amidst growing competition, especially from U. S. shale producers, and external pressures, including public calls from the U. S. administration to increase global supply.
Despite these ramped-up supplies, prices have retained considerable strength—hovering around the $70 mark—bolstered by low inventory levels and geopolitical constraints, particularly sanctions on Russia and Iran. Analysts at the Commonwealth Bank of Australia observe that OPEC+ now appears comfortable with Brent trading in the $60–$65 range, a level that could pressure U. S. shale operations by narrowing profit margins.
Meanwhile, data from the American Petroleum Institute indicated an unexpected rise of 622,000 barrels in U. S. crude stocks, counter to forecasts, adding another layer of downward pressure on prices. The situation reflects a delicate balance: rising supply meets lukewarm demand, particularly as global economic growth shows signs of softening in key regions like China, India and Brazil.
Executive voices within OPEC+ remain tight-lipped. No official statements were forthcoming from Riyadh or other capitals prior to the weekend meeting. Analysts remain split: some believe the group will maintain its current stance through October, exercising caution amid market saturation concerns. Others argue that continued increases are part of a calculated strategy to defend or expand market share well into next year.
