Meta Platforms has told employees it does not expect further company-wide layoffs this year after cutting about 8,000 jobs and shifting thousands more workers into artificial intelligence projects. Chief Executive Mark Zuckerberg delivered the assurance in an internal memo on Wednesday, the same day the Facebook, Instagram and WhatsApp owner carried out one of its largest reorganisations since the post-pandemic technology downturn. The cuts affect about 10 […]
MANILA, PHILLIPINES – Media OutReach Newswire – 21 May 2026 – State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services to institutional investors, today announced the establishment of a new office in Manila, the Philippines.
The new Manila office, scheduled to open in the second half of 2026, will further strengthen State Street’s global operating model and expand its processing capabilities, complementing the firm’s existing operations across the Asia Pacific region.
“The Asia Pacific region is critical to our longterm growth strategy,” said Ann Fogarty, chief operating officer for Investment Services, State Street. “The expansion into Manila is an important step in the continued evolution of our global operating model as we continue to support significant client growth in the region.”
Manila offers access to a young, diverse and highly educated workforce, drawing talent from the city’s wellestablished University Belt and its strong pipeline of graduates with financial services and operations expertise.
With USD54.5 trillion1 in assets under custody and/or administration, State Street services more than 12% of the world’s assets2. The firm operates in more than 100 geographic markets and employs approximately 51,000 people worldwide. State Street established its presence in Asia Pacific more than 40 years ago and today operates 16 offices across the region.
1As of March 31, 2026
2Represents State Street AUC/A of USD$54.5T as of March 31, 2026, divided by Global Financial Assets, including Global Equity, Global Debt Securities and Global Broad Money (M3), as of December 31, 2024. Sources: SIFMA Markets Factbook, 2025; Organisation for Economic Co-Operation (OECD), World Bank. Hashtag: #StateStreetCorporation #Manila #GlobalOperatingModel
The issuer is solely responsible for the content of this announcement.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With US$54.5 trillion in assets under custody and/or administration and US$5.6 trillion* in assets under management as of March 31, 2026, State Street operates globally in more than 100 geographic markets and employs approximately 51,000 worldwide. For more information, visit State Street’s website at www.statestreet.com.
*Assets under management as of March 31, 2026 includes approximately US$184 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.
Arabian Post Staff -Dubai ARP Digital has joined the Fireblocks Network for Payments as its designated GCC corridor settlement partner, giving fintechs, payment service providers and financial institutions a regulated route into Gulf payment corridors through a single integration. The arrangement positions the Bahrain-licensed digital capital infrastructure platform as a settlement counterparty for Fireblocks’ global network, with live rails covering the UAE dirham, Bahraini dinar and other […]
GitHub has confirmed unauthorised access to about 3,800 internal repositories after an employee device was compromised through a poisoned Visual Studio Code extension, raising fresh concerns over the security of developer tools and software supply chains. The Microsoft-owned platform said it detected and contained the compromise on May 19, removed the malicious extension version, isolated the affected endpoint and began incident response measures. Its assessment so far […]
Washington has imposed sanctions on more than 50 Iran-linked individuals, companies and vessels, targeting a currency exchange network and oil transport channels as pressure builds on Tehran to reach a deal and reopen the Strait of Hormuz. The measures announced on Tuesday place Amin Exchange, also known as Ebrahimi and Associates Partnership Company, at the centre of a renewed campaign against Iran’s financial and petroleum networks. The […]
Dubai has unveiled the Museum of Digital Art at DIFC Zabeel District, positioning the planned five-floor institution as the region’s first museum dedicated to digital art and new technologies. Launched by Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, the project brings together Dubai Culture and Dubai International Financial Centre in a cultural partnership designed to expand the city’s role […]
Microsoft has disrupted infrastructure used by Fox Tempest, a cybercrime-enabling group accused of selling fraudulent code-signing services that helped ransomware operators disguise malware as trusted software. The action, led by Microsoft’s Digital Crimes Unit, targeted a malware-signing-as-a-service operation that allegedly abused legitimate software verification systems, including Microsoft’s Artifact Signing platform. A legal case unsealed in the US District Court for the Southern District of New York said […]
BEIJING, CHINA – Media OutReach Newswire – 19 May 2026 – During Donald Trump’s high-profile diplomatic visit to China, a state-level welcome banquet was hosted in Beijing, assembling global industry leaders from the semiconductors, consumer electronics, new energy and intelligent manufacturing sectors. Beyond diplomatic protocol, the banquet’s strategic seating arrangement sparked extensive industry discussion, with a dedicated elite tech table becoming the focal point of global industrial attention. Jia Shaoqian, Chairman of Hisense Group, was invited to the exclusive tech table, seated alongside iconic U.S. tech figures including Elon Musk, Tim Cook, Jensen Huang, and Tyson Jacob. The premium seating objectively validates Hisense’s worldwide technological prowess and authoritative industrial discourse power.
The high-end roundtable establishes a premium communication channel bridging Chinese manufacturing and U.S. hard technology. While U.S. representatives cover artificial intelligence, advanced semiconductors and new energy vehicles, Hisense represents China’s sophisticated technology manufacturing with a multi-dimensional technological layout. Shattering the long-standing stereotype of a conventional home appliance maker, the company has built inimitable technological barriers in high-end display and smart home sectors, maintaining sustained technological iteration and undisputed global technological advantages in 2026.
Empowered by its end-to-end industrial chain capability, Hisense occupies an apex position in the global display industry. The company’s self-developed RGB-Mini LED technology achieves comprehensive leadership in R&D, mass production and technological iteration. Equipped with the pioneering Linglong 4-Core True Colour Backlight system and independently developed Hi-View AI image processing chip, Hisense’s 2026 latest UX series features 110% BT.2020 ultra-wide colour gamut, 10,000 nits peak brightness and 134-bit high-precision colour control, reproducing over 120 million distinct colours. With these innovations, Hisense now has a one-year technological head start over its competitors, enabling the enterprise to set industrial benchmarks and secure rule-making authority within the global display ecosystem.
Hisense remains an undisputed global pioneer in laser display technology, holding full independent intellectual property rights covering laser light sources, optical modules and terminal devices. Continuous investment in underlying optical research enables superior imaging performance with ultra-high contrast, eye-friendly visual comfort and wide colour gamut. The persistent technological edge reinforces Hisense’s dominant market share in the global laser TV industry, consolidating its status as an indispensable Chinese technological powerhouse in the high-end display landscape.
Beyond display technologies, Hisense expands its technological frontier in premium smart home appliances. The self-developed heat pump washing machine adopts an innovative four-in-one integrated heat pump structure, delivering low-temperature fabric-friendly washing and drying while significantly cutting energy consumption. As an original global energy-saving home appliance solution, it embodies Hisense’s green manufacturing philosophy and diversified R&D strength beyond display technology.
During the banquet, Jia Shaoqian engaged in in-depth dialogues with international tech elites regarding technological innovation, transnational industrial collaboration and eco-friendly intelligent manufacturing. The high-level face-to-face communication enhances mutual trust and cooperation potential between Chinese and U.S. technology enterprises. Adhering to a globalised development strategy, Hisense maintains steady overseas revenue and robust independent brand influence, with its technology-oriented products widely recognised across mainstream international markets.
The prestigious seating arrangement serves as compelling proof of global recognition for China’s high-end manufacturing industry. As a leading Chinese tech enterprise, Hisense has obtained equal diplomatic-level dialogue status within the world’s top technological circle. Moving forward, Hisense will consistently invest in independent R&D, continuously iterate RGB-Mini LED, laser display and heat pump appliance technologies, and actively explore global industrial cooperation. Committed to technological empowerment, Hisense will further strengthen the global influence and industrial voice of Chinese high-end manufacturing.
Visit hisense.sg to learn more about Hisense’s innovative products available now in Singapore.
Disclaimer: This article is an objective industrial observation without exaggerated promotional statements. All technical parameters are sourced from Hisense’s official 2026 product releases.
Hashtag: #Hisense
The issuer is solely responsible for the content of this announcement.
About Hisense
Founded in 1969, Hisense is a global technology group operating in 160+ countries, with a strong portfolio across TVs, home appliances, air-conditioning and commercial solutions. Recognised as one of the Top 2 TV brands worldwide, Hisense continues to strengthen its global presence through innovation, quality manufacturing and major international partnerships, including its role as an Official Sponsor of the FIFA World Cup 2026™
Sony has raised PlayStation Plus prices for new customers in select markets, increasing the cost of one-month and three-month subscriptions from 20 May as pressure builds across the video games industry over tariffs, currency swings, platform costs and weaker consumer spending. The company said the change was being made because of “ongoing market conditions”, with one-month subscriptions now starting at $10.99 in the United States, €9.99 in […]
Afreximbank’s partnership with Plot Enterprise Ghana is placing cocoa processing, rural employment and African creative exports at the centre of a wider push to keep more value from the continent’s resources within local economies. The collaboration, highlighted through the bank’s impact programming, links Ghana’s cocoa belt to global markets at a time when volatile cocoa prices, climate shocks and financing strains are reshaping one of West Africa’s […]
President Donald Trump has put a planned attack on Iran on hold after Gulf leaders urged Washington to allow negotiations more time, while warning that the US military remains ready for a “full, large scale assault” if no acceptable deal is reached. The decision marks a critical pause in a confrontation that has drawn the US, Iran, Israel and Gulf states into one of the most volatile […]
Elon Musk has lost a major legal battle against OpenAI after a federal jury in Oakland, California, found that he waited too long to bring claims accusing the artificial intelligence company and its leaders of abandoning its founding mission. The unanimous verdict delivered a significant courtroom victory to OpenAI, chief executive Sam Altman, president Greg Brockman, the OpenAI Foundation and Microsoft, all of whom were targeted in […]
Arabian Post Staff -Dubai ADNOC Distribution and Americana Restaurants International PLC have agreed to open up to 200 quick-service restaurants across fuel and mobility sites in the UAE, Saudi Arabia and Egypt, deepening a push to turn service stations into broader dining, retail and convenience destinations. The strategic partnership announced on Tuesday will bring brands from Americana Restaurants’ portfolio into ADNOC Distribution locations, including standard service stations […]
Washington regulators are preparing a major shift in digital-asset oversight that could allow tokenised versions of stocks to trade on crypto platforms, opening a new front in the contest between blockchain firms and traditional exchanges. The U. S. Securities and Exchange Commission is expected to unveil an “innovation exemption” during the week of 18 May, giving selected market participants limited relief from existing securities rules while they […]
AI Financial has warned that it may not remain viable over the next year after a steep fall in the value of its World Liberty Financial token holdings exposed the fragility of a balance sheet built around a volatile crypto treasury. The Nasdaq-listed company, formerly known as ALT5 Sigma, disclosed that it held 7,283,585,650 WLFI tokens at the end of its first quarter, carrying them at a […]
HONG KONG SAR – Media OutReach Newswire – 19 May 2026 – Real Asset Management (RAM) has hosted an exclusive Active Investor Plus investor briefing at its Hong Kong office, bringing together distribution partners, investors and representatives from Invest New Zealand, as offshore investor interest in New Zealand’s residency-by-investment pathway continues to strengthen.
Agnes Liu, RAM Executive Director, Head of Client Advisory & Distribution – North Asia, and William Chai, RAM Managing Director.
The event comes amid renewed momentum for New Zealand’s Active Investor Plus (AIP) Visa, following changes introduced in April 2025 to simplify the program and attract more international capital into the New Zealand economy. As of 5 May 2026, Immigration New Zealand had received 688 applications under the new settings, representing a potential total minimum investment of $4.015 billion.
The growing demand reflects a broader shift in global wealth movement, as high-net-worth individuals increasingly seek jurisdictions that offer political stability, transparent governance, quality of life and long-term optionality for their families and capital. For many investors, New Zealand’s appeal lies not only in residency access, but also in the opportunity to participate in investments that support business growth, innovation and economic resilience.
Mr Scott Wehl, Founder of RAM Group and Director of RAM New Zealand, said the Hong Kong briefing provided an important forum for partners and investors to better understand the investment and migration opportunities available through the AIP programme.
“New Zealand continues to attract strong interest from global investors seeking stability, transparency and long-term opportunity,” said Mr Wehl.
“Our Hong Kong briefing was designed to help partners and investors better understand the opportunities that the AIP program offers, and how RAM’s income-focused strategies can support both investor objectives and the broader New Zealand economy.”
Supporting New Zealand’s real economy through private credit
A key focus of the briefing was the role private credit can play in supporting New Zealand’s real economy. Private credit can help broaden the country’s business funding ecosystem by providing an additional source of secured, non-bank capital for businesses seeking funding for growth, working capital, expansion or other productive business needs.
The RAM New Zealand Credit Fund is an approved managed fund under the AIP Growth category and may also be included as part of a Balanced category investment portfolio. The Fund is designed to provide investors with consistent income and capital stability through exposure to secured, asset-backed credit investments in New Zealand.
Through this strategy, RAM seeks to direct offshore investor capital into productive domestic investment while maintaining a disciplined focus on risk management, downside protection and portfolio diversification.
“The RAM New Zealand Credit Fund provides an AIP-aligned investment pathway focused on secured, asset-backed New Zealand credit,” said Mr Wehl.
“For investors, the Fund is designed to deliver regular income and capital stability, with liquidity aligned to AIP investment timeframes. For New Zealand, the strategy can support the real economy by directing offshore investor capital into domestic private credit and helping provide secured lending to New Zealand businesses.”
RAM’s credit approach is centred on disciplined credit selection and robust portfolio construction. The firm’s New Zealand credit capability is supported by a highly experienced team with more than 200 years of combined credit market experience, guided by leading credit experts and senior leaders with deep knowledge of New Zealand’s financial markets.
“Our approach is grounded in strong governance, prudent credit assessment and a clear focus on capital preservation, which is particularly important for investors seeking stable, income-focused outcomes across market cycles,” said Mr Wehl.
In addition to the RAM New Zealand Credit Fund, RAM also offers the RAM New Zealand Bond Fund, which may be included as part of a Balanced category investment portfolio. The Fund invests in a portfolio of floating-rate, investment-grade bonds issued by established banks and New Zealand entities, and is designed to prioritise capital stability while generating regular income.
With a long-term commitment to New Zealand, RAM will continue to leverage its international presence, investment capability and experience in income-focused strategies to support global investors and contribute to the continued development and diversification of New Zealand’s capital markets.
Hashtag: #RAM
The issuer is solely responsible for the content of this announcement.
About Real Asset Management
Real Asset Management (RAM) is an alternative asset manager, providing investment solutions in Credit, Real Estate, and Private Equity markets, for institutions and wealthy families globally. RAM was founded in 2010 and has a pan-Asia presence of 7 offices in Auckland, Sydney, Melbourne, Brisbane, Shanghai, Hong Kong and Manila.
RAM provides more than 25 investment strategies and has a team of over 230 finance professionals managing over NZ$9.8bn in assets. RAM is registered as a financial services provider in New Zealand (FSP1011247). We also provide a global set of investment solutions through our group companies licensed by the Australian Securities and Investments Commission (AFSL 484263), and the Securities & Futures Commission of Hong Kong (CE BGL803).
Cardano’s payments push is moving into Japan through a partnership linking EMURGO, SecondFi and Slash Vision Labs, in a move designed to bring stablecoin spending into one of Asia’s most sophisticated cashless markets. EMURGO, a co-founding entity of the Cardano blockchain, has tied its consumer finance strategy to Slash Vision Labs’ payments infrastructure to make the Cardano Card available to users in Japan through the SecondFi app. […]
Arabian Gulf Automobiles and Equipment has launched Deepal, Changan’s new energy vehicle brand, in Oman, bringing three range-extended electric SUVs to a market preparing for wider adoption of cleaner transport. The Muscat launch introduced the Deepal S05, S07 and G318, positioning the brand in a fast-growing segment between conventional petrol vehicles and fully battery-powered electric models. The line-up uses range-extended electric vehicle technology, allowing daily electric driving […]
Arabian Post Staff -Dubai Pixel Watch owners are reporting another Fitbit-linked software problem, with sleep statistics disappearing from the watch even as the same data remains visible in the phone app. The issue appears to affect the on-watch sleep tile rather than the underlying tracking system. Users say their devices show the message “No recent data. Wear your watch to sleep” after a full night of use, […]
Dubai will host a high-level Africa investment forum on 22 October 2026 as Invest Africa and the Government of the United Arab Emirates move to deepen trade, finance and technology partnerships across one of the world’s fastest-growing economic corridors. The Africa Debate – UAE, organised in collaboration with the UAE Ministry of Foreign Trade, will bring senior figures from government, finance, industry and development institutions under the […]
Arabian Post Staff -Dubai Standard Chartered is moving to bring Zodia Custody’s crypto custody business inside its own digital-asset operations, marking a sharper push by the London-headquartered bank to capture institutional demand for regulated storage of tokens and blockchain-based financial assets. The planned acquisition would fold key custody activities of Zodia Custody Ltd., a majority-owned subsidiary, into Standard Chartered’s corporate and investment banking division, where the bank […]
KnowBe4 has launched CAPY, a free online family cyber safety hub aimed at helping children, parents, older adults and everyday internet users build stronger defences against scams, phishing, cyberbullying, sextortion and AI-driven abuse. The programme, formally called Cyber Awareness Program for You, marks a shift by the Tampa Bay-based digital workforce security company from corporate training into a broader public education model. It arrives as online risks […]
The three new locations form part of a structured international growth strategy focused on bringing the clinic’s established medical aesthetics and surgical services to patients across key United States markets. Each branch has been positioned in a state with strong demand for aesthetic and medical services, chosen following market research into patient demographics and regional healthcare needs. The Viera, Florida location serves the Space Coast region, an […]
Arabian Post Staff -Dubai Abu Dhabi’s Mubadala Energy has joined a $9.75 billion financing package for the Commonwealth LNG export project in Louisiana, giving a major Gulf investor a deeper role in the expanding United States gas export market as buyers seek long-term energy supplies outside traditional Middle East routes. The investment is tied to Caturus, the US energy platform developing the project in Cameron Parish, where […]
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