Arabian Post Staff -Dubai The United Arab Emirates and Canada have signed a Comprehensive Economic Partnership Agreement to lower trade barriers and encourage bilateral investment. The agreement was signed in Ottawa on 27 October by UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi and Canada’s Minister of International Trade Maninder Sidhu. Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and […]
DoorDash has agreed to acquire Instacart for approximately $17 billion, combining the largest US restaurant delivery platform with a leading online grocery marketplace in one of the sector’s biggest transactions. The companies announced the cash-and-share agreement on Thursday, valuing Instacart, formally Maplebear Inc, at $65 a share. That represents a 26% premium to its closing share price on 22 October, before speculation about a possible sale emerged. […]
Alipay has rejected claims that its payment network supports cryptocurrency trading after decentralised marketplace Peer introduced a service allowing customers to exchange Chinese yuan for the dollar-linked stablecoin USDC. The Chinese payments company said on 28 October that it neither supports virtual currency transactions nor authorises third-party platforms to offer cryptocurrency purchases through its services. It warned customers to safeguard their money and accounts when encountering such […]
Dubai’s residential resale transactions rose 18.5 per cent in the third quarter of 2026 from the preceding three months, while off-plan sales declined for a fourth consecutive quarter, according to property consultancy ValuStrat. The emirate recorded 9,491 transactions involving completed homes between July and September, worth approximately Dh25 billion ($6.8 billion). The quarterly increase was the first since late 2025, although resale volumes remained 23.8 per cent […]
By K Raveendran The greatest mistake Narendra Modi and his Bharatiya Janata Party can make is to mistake the silence of the streets for the consent of the people. The government may have succeeded in shrinking the space for organised resistance, intimidating critics and making dissent increasingly costly. But political resentment does not disappear simply […]
The article Modi Govt’s Undeclared Emergency Will Have Its Inevitable Outcome appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Robinhood Markets will introduce Ripple’s dollar-backed RLUSD stablecoin to its retail trading app later this year, expanding an institutional partnership despite its involvement in a competing digital dollar, USDG. The companies announced on Tuesday that RLUSD was already available on Robinhood Chain and Bitstamp, the cryptocurrency exchange owned by Robinhood. They also outlined plans to use the token for institutional settlement through the XRP Ledger, alongside arrangements […]
OpenAI has announced three artificial intelligence-generated research results spanning mathematics, computer science and physics, including a claimed disproof of the Exponential Time Hypothesis, a longstanding assumption about computational difficulty. Outside specialists will examine the findings before they can be treated as established scientific advances. The company said on Monday that its systems had produced mathematical arguments challenging problems that have resisted researchers for decades. Two results have […]
The memorandums of understanding, signed in Tokyo on Wednesday during German Chancellor Friedrich Merz’s visit to Japan, cover superconducting materials and equipment for heating and fuelling plasma. Proxima will collaborate with Fujikura on high-temperature superconducting tape and with Kyoto Fusioneering on specialised reactor systems.
The agreements are preliminary arrangements rather than binding purchase orders or commitments to construct manufacturing facilities. Financial terms and delivery schedules have not been disclosed, leaving the scale of any eventual procurement dependent on further negotiations and technical work.
Under the Fujikura agreement, the companies will examine the feasibility of establishing a factory in the German state of Lower Saxony to manufacture high-temperature superconducting tape, known as HTS tape. The material is used to make powerful magnets that confine extremely hot plasma inside fusion machines.
Proxima estimates that its Alpha demonstration stellarator will require approximately 20,000 kilometres of tape. Each subsequent Stellaris commercial power plant would need around 40,000 kilometres, making dependable manufacturing capacity central to its development plans.
The collaboration follows Proxima’s September memorandum of understanding with Lower Saxony concerning a large-scale European production facility. The proposed project’s first two phases envisage investment of approximately €140 million through 2029, with public and private financing expected to contribute equally. The state has identified €21 million as its intended contribution.
The latest Fujikura arrangement concerns feasibility work and does not establish that the proposed factory has secured final financing, regulatory approvals or a construction timetable. Fujikura already manufactures superconducting tape and supplies other fusion developers, giving it industrial experience in a material whose production requires demanding quality controls.
Fujikura announced in September a separate long-term agreement to supply more than 10,000 kilometres of superconducting tape to US-based Commonwealth Fusion Systems for its planned ARC power plants. That contract also involves expansion of the Japanese manufacturer’s production capacity.
Proxima’s second agreement brings Kyoto Fusioneering into work on gyrotrons, devices that generate high-power microwaves to heat plasma, and fuel-cycle technology used to manage the hydrogen isotopes required for fusion reactions. Both systems are essential to operating a reactor beyond the magnetic confinement stage.
Kyoto Fusioneering is also expected to contribute technology to Germany’s national Fusion Hubs programme, which was launched with an initial €125 million in research funding. The collaboration connects a Japanese supplier specialising in fusion engineering with Proxima’s reactor development and Germany’s broader industrial research effort.
The company has experience developing plasma-heating equipment and integrated fuel-handling technologies. Its engineering activities include work on gyrotrons and experimental systems designed to test processes needed for future fusion plants. The agreement with Proxima does not itself constitute a confirmed equipment delivery.
Proxima develops stellarators, a type of fusion device that uses carefully shaped magnetic fields to hold plasma in place. Its approach differs from the tokamak configuration pursued by several other fusion developers, although both depend on advanced magnets and systems capable of sustaining demanding operating conditions.
The company’s Alpha demonstrator is intended to operate in the early 2030s and test whether its stellarator design can achieve net energy gain from fusion. Its Stellaris concept is intended as a subsequent electricity-producing plant at Gundremmingen, the site of a former nuclear power station in Bavaria.
Proxima raised €411 million in July to support its development programme. The company emerged from the Max Planck Institute for Plasma Physics in 2023 and has assembled partnerships with engineering and manufacturing businesses as it moves towards constructing its first major machine.
Neither the Alpha timetable nor the commercial ambitions establish that fusion electricity production has been demonstrated at an economically viable scale. Substantial engineering, testing and regulatory work remains before a commercial plant can supply electricity to the grid.
The company’s manufacturing strategy also reflects the substantial quantities of specialised materials required for stellarator construction. Superconducting tape must meet stringent performance specifications, including its ability to carry large electrical currents while exposed to strong magnetic fields and extremely low temperatures.
Fujikura and Kyoto Fusioneering were already listed among participants in Proxima’s Alpha Alliance, an industrial network bringing together companies with expertise in materials, components and reactor engineering. The new memorandums identify more specific areas for cooperation within that wider group.
Arabian Post Staff -Dubai Emirates has fitted 65 aircraft with Starlink satellite internet and plans installations on another 10 to 12 jets each month, alongside new aircraft deliveries and cabin refurbishment work. Adnan Kazim, the Dubai airline’s deputy president and chief commercial officer, disclosed the installation figures while outlining its fleet plans. The programme is proceeding as Emirates prepares to receive Boeing aircraft from summer 2027 and […]
Datavault AI shares lost almost half their value after the Nasdaq-listed company disclosed that it could not withdraw bitcoin held through Biconomy and would revise financial statements covering several reporting periods. The stock closed Tuesday at $0.067, down 49.55%, with approximately 244 million shares changing hands. The sell-off followed an October 26 regulatory filing detailing accounting errors linked to a $150 million share purchase agreement with Scilex […]
Arabian Post Staff -Dubai Saudi Arabia and Türkiye have signed a memorandum of understanding to expand educational cooperation, covering student exchanges, teacher development, academic research and educational technology, following talks between their education ministers in Ankara. Saudi Minister of Education Yousef bin Abdullah Al-Benyan and Turkish Minister of National Education Yusuf Tekin signed the agreement on October 26 during Al-Benyan’s official two-day visit to Türkiye, which concluded […]
Dubai’s flexible office market has substantial capacity for expansion, but a shortage of suitable buildings is preventing operators from fully meeting growing demand for furnished workplaces and shorter lease commitments. Flexible offices represent only 2.6 per cent of Dubai’s total office stock, according to Cushman & Wakefield Core’s UAE Trends in Flexible Office 2026 study, published on 22 October. The proportion is considerably lower than in several […]
Arabian Post Staff -Dubai Dubai-based ENOC Group has extended its aviation technical services agreement with Indonesia’s PT Pertamina Patra Niaga for another three years, maintaining cooperation on aircraft refuelling safety, fuel quality and operational standards at Indonesian aviation facilities. The renewed agreement, announced on Tuesday, covers annual inspections, technical guidance, operational assistance and specialised training. It builds on a three-year arrangement established in 2023 and a commercial […]
Arabian Post Staff -Dubai Oil prices climbed on Wednesday, with Brent crude rising above $115 a barrel as uncertainty surrounding Israel’s parliamentary election and indications of possible renewed American military operations against Iran heightened concerns over Middle Eastern energy supplies. West Texas Intermediate traded near $101 a barrel, reversing part of its losses from the previous two sessions, as investors assessed the implications of Israel’s inconclusive election […]
Kylian Mbappe has apologised for remarks about former Chinese leader Mao Zedong that provoked widespread criticism in China, cost the Real Madrid forward major sponsorship agreements and prompted an extraordinary intervention by Spanish football authorities. The France captain issued his apology on Tuesday after several Chinese companies terminated commercial partnerships following the circulation of a video in which he appeared to describe Mao as a dictator while […]
A UAE business delegation led by Foreign Trade Ministry Undersecretary Fahad Al Gergawi held talks with Russian companies at the Russian Industrialist International Forum and Exhibition in St Petersburg, seeking opportunities for investment, technology partnerships and industrial cooperation. The delegation attended the 30th edition of the forum, held from October 22 to 24, with support from the Russia-UAE Business Council and coordination with the UAE Embassy in […]
Arabian Post Staff -Dubai Apollo Global Management has agreed to acquire a minority stake in Abu Dhabi-based Mubadala Capital, with the US investment group and other strategic investors expected to commit a combined $5 billion to its investment strategies. The agreement, announced on Monday, October 26, brings Apollo into the ownership structure of Mubadala Capital, the alternative asset management subsidiary of sovereign investor Mubadala Investment Company. The […]
