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Google has rolled out a major update to its AI fashion experiment Doppl, introducing a “shoppable discovery feed” that blends virtual try-ons with direct-to-merchant shopping. The new feed displays AI-generated videos of real clothing items tailored to users’ style preferences, enabling a seamless path from browsing to purchase. This marks a distinct step from the original “virtual dressing room” concept: now shoppers can scroll, preview outfits virtually, […]

YouTube has moved to strengthen its presence in the UAE’s digital health landscape by developing programmes that place licensed medical professionals at the forefront of its educational content, signalling a determined push to make verified advice more accessible across the platform. The company’s strategy targets growing demand for trustworthy health information online, as concerns over misinformation continue to shape global discussions around digital media governance.

Executives overseeing the initiative said the platform aims to build a space where users can reliably distinguish expert-led guidance from unverified commentary, a challenge amplified by the scale and diversity of YouTube’s audience. The expansion forms part of a wider effort to elevate authoritative creators working in fields where accuracy is critical, particularly as the Gulf region deepens its investment in digital transformation of public services, including healthcare, teleconsultation and patient education tools.

YouTube’s managing teams have pointed to the UAE as a priority market due to its strong uptake of digital services, rapid population growth and the increasing role of online platforms in shaping consumer behaviour. Company representatives noted that the health programme supports licensed doctors and specialists in producing explanatory content on topics ranging from chronic disease management to preventative care, with a focus on clarity and cultural relevance. The aim is to ensure that users searching for guidance on everyday health queries encounter information grounded in established medical understanding.

The regional rollout also follows the platform’s broader global commitment to responsible content curation, which includes labelling health sources, collaborating with regulatory bodies and strengthening partnerships with hospitals and academic institutions. Executives highlighted that user trust depends not only on removing harmful material but also on amplifying credible voices. This shift reflects wider trends across major technology firms, which are under increasing pressure to address misinformation while supporting creators who offer value through expertise.

During discussions about the programme, YouTube’s leadership emphasised that the future of digital platforms lies in empowering diverse creator communities. A senior executive cited the example of a Dutch knitting creator whose channel grew from a small personal project into a global community hub, illustrating how storytelling and authenticity can generate engagement across borders. The reference underscored the platform’s belief that healthcare content, too, should be driven by relatable human narratives, not only clinical explanations.

Doctors participating in the UAE initiative have described the programme as a chance to reach audiences who might hesitate to seek medical advice through traditional channels. Specialists working in fields such as cardiology, paediatrics and mental health say that video content enables them to clarify misconceptions, guide viewers toward evidence-based treatment options and encourage early intervention. Several practitioners have noted that the platform provides a unique opportunity to communicate complex issues in a visually engaging format, which can support better understanding among younger users.

Market analysts observing YouTube’s strategy say the platform’s focus aligns with the UAE’s national priorities, particularly its long-term digital health agenda. Authorities across the Gulf have invested in AI-enabled diagnostics, electronic health records and telemedicine infrastructure, creating a parallel demand for trusted educational material that helps residents navigate an evolving healthcare environment. Analysts also point to the competitive landscape, where global platforms are working to differentiate themselves through credible content partnerships.

The company’s decision to bring more clinical professionals onto the platform reflects research showing that users often rely on video explanations when confronted with health queries. Executives acknowledge that this behaviour carries both opportunities and risks, as misinformation can spread rapidly when content appears authoritative. To address this, YouTube has been refining its ranking systems to elevate licensed practitioners and institutions, ensuring visibility for creators whose credentials and communication standards have been verified.

Creators involved in the new initiative have stressed the responsibility that accompanies such visibility. Several participants noted that working on the platform requires balancing accessibility with professional rigour, avoiding oversimplification while keeping content digestible for general audiences. These doctors have described the process as an extension of public health education, albeit through a digital medium that demands nuanced storytelling and sensitivity to cultural context.

Ika’s latest mainnet upgrade has widened its native cross-chain capabilities to cover Solana, Zcash, Cardano, Stellar, Near and several other ecosystems that depend on EdDSA signatures, marking a significant step in efforts to streamline secure multi-chain interoperability. The network, which positions itself as a high-performance parallel MPC infrastructure, said the development enables decentralised wallets on its platform to generate EdDSA signatures directly, removing a key barrier for users aiming to execute transactions across diverse blockchain environments without intermediaries.

Executives described the rollout as a fulfilment of a core commitment to allow seamless control of digital assets across multiple chains through native authentication mechanisms. Analysts tracking the sector noted that Ika’s move arrives at a moment when blockchain networks are intensifying competition to offer deeper interoperability, improved security guarantees and lower latency for institutional and retail users transacting across a dispersed ecosystem. The company’s upgrade introduces direct support for chains with distinct cryptographic architectures, giving developers a more unified environment for building decentralised applications that interact across networks with minimal friction.

EdDSA, a signature scheme valued for speed and resistance to certain attack vectors, has become a standard across several major chains. By integrating native support for it, Ika has aligned itself with a widening group of protocols that rely on this cryptographic approach. Engineers familiar with cross-chain bridging mechanisms said the enhancement reduces the need for external validators or proprietary signing modules, both of which have historically created vulnerabilities that attackers have exploited. The company’s emphasis on decentralised key generation and distributed signing is aimed at addressing those concerns, with the upgrade designed to ensure that no single node gains access to full private key material during any point of the transaction process.

Developers working on multi-chain tools have highlighted that Solana and Zcash pose demanding requirements given their divergent architectures, throughput characteristics and privacy frameworks. Solana’s focus on parallel transaction processing and Zcash’s shielded transaction system require precise signature handling. Ika’s engineers said the upgrade underwent extensive compatibility tests to ensure that signature validity, network confirmation times and verification methods aligned with native standards on each chain. Market observers added that Cardano’s adoption of Ed25519, Stellar’s reliance on simple yet robust distributed consensus, and Near’s sharded architecture also required tailored integration approaches that maintain performance targets while preserving decentralisation.

The extended coverage is expected to attract developers seeking infrastructure capable of delivering verifiable computations and secure multi-party controls without depending on centralised custodial layers. Industry analysts have reported a growing appetite for MPC-based solutions as institutional participants demand cryptographic guarantees that reduce counterparty risk and strengthen operational security. Ika’s parallel design allows multiple signing operations and computations to run simultaneously, a feature the company argues positions it for high-volume environments such as decentralised exchanges, cross-chain liquidity networks and tokenisation platforms.

Executives said the upgrade also lays groundwork for supporting additional ecosystems that may adopt or transition to EdDSA-based cryptography. While the company has not disclosed timelines for further integrations, the MPC network’s architecture is designed to accommodate expanded signature schemes without major reconfiguration. That adaptability has become an important differentiator for infrastructure providers aiming to keep pace with evolving cryptographic standards and the emergence of new blockchain protocols built around enhanced privacy or throughput.

Blockchain security specialists noted that the industry continues to grapple with vulnerabilities in cross-chain bridges, some of which have seen major exploits over the past two years due to weaknesses in multi-signature setups and validator coordination. Ika’s MPC-driven approach seeks to mitigate these risks by distributing trust and eliminating single-point signing authority. By enabling native EdDSA signatures within its distributed wallet environment, the company aims to reduce exposure to the types of exploits linked to compromised custodial keys or flawed verification mechanisms.

The grip of Chromium on the global browser ecosystem has grown so wide that many users now assume every modern browser is built on Google’s open-source architecture. That perception has taken root partly because major names such as Microsoft Edge, Opera, Brave, Vivaldi and Arc all rely on Chromium’s Blink rendering engine, creating a sense that browsing itself has become synonymous with Google-aligned foundations. The dominance is […]

Moscow has moved to ease restrictions on investments tied to digital assets by announcing that major fund managers will be permitted to purchase derivatives linked to cryptocurrencies from early next year. Under this policy shift, the Bank of Russia plans to amend regulations in the first quarter of the upcoming year to allow capital-management firms, previously barred, to engage in futures and options referencing digital currencies.

The initiative marks a departure from earlier policy built around tightly defined access for “specially qualified” investors under a three-year pilot programme unveiled in March, which required individuals to hold over 100 million rubles in securities or earn above 50 million rubles annually. Deputy Finance Minister Ivan Chebeskov confirmed the government is also considering scrapping the “superqual” status entirely, a label proposed for crypto-investors under previous drafts.

The timing aligns with a broader regulatory realignment in which Moscow is both cautioning on crypto risks and expanding permissible use-cases. Earlier this year the central bank issued guidance emphasising that direct cryptocurrency holdings carry significant risk even as it proposed a stepped investment regime for qualified entities. Meanwhile legislators had sanctioned the use of crypto-assets for certain cross-border payments and legalised mining operations in July of last year.

Significant players in the Russian financial sector are already positioning themselves for the shift. Sberbank, the country’s largest lender by assets, reported it had raised 1.3 billion rubles through crypto derivative offerings in recent months and signalled plans to expand the business line further.

Market watchers interpret the regulatory loosening as part of a dual strategy: fostering new sources of capital amid constraints from sanctions, while maintaining supervisory controls on the evolving digital-asset ecosystem. “Allowing derivatives tied to cryptocurrencies is a big step—Russian funds were previously excluded,” said one analyst at a Moscow-based brokerage. At the same time, the analyst warned that “the oversight framework remains immature and the risks of liquidity, valuation and sanctions remain.”

Critics caution that letting traditional investment firms access crypto-linked instruments could raise systemic vulnerabilities. The European Union has recently targeted stablecoin-linked Russian entities under sanctions, and anti-money-laundering regulators flagged the region as high-risk, particularly in flows tied to offshore crypto trading.

Regulators in Moscow underline that the institutional gateway is intended to provide a controlled environment. The Bank of Russia’s earlier proposal for an experimental legal regime limited participation to investors meeting strict asset or income thresholds and required intermediaries to ensure transparency of transactions. It did not allow cryptocurrencies to be used as payment for goods and services.

As the investment window broadens, industry participants expect asset management firms to bring structured products to market, linking outcomes to benchmark crypto indices rather than direct holdings of tokens. “Derivatives give firms a means to hedge and gain exposure without custody of coins,” noted a fund-manager in Moscow. However, he added that regulatory clarity on taxation, disclosure, and cross-border transfers is still lacking.

The government’s removal of the “superqual” status could widen the investor base further, allowing mid-sized firms and high-net-worth individuals access to asset classes previously off-limits. This move may increase competition, as offshore platforms draw new Russian clients frustrated by domestic restrictions.

At the same time, the expanded framework raises questions about how Russia’s risk-management infrastructure will evolve. The central bank has repeatedly warned that cryptocurrencies remain speculative and not backed by the state; ongoing amendments to legislation will need to address issues of market integrity, investor protection and sanctions compliance.

First Abu Dhabi Bank has mandated a group of global and regional banks to arrange investor calls on Wednesday, 19 November, signalling the preparation of a benchmark USD-denominated Additional Tier 1 capital issuance. The Abu Dhabi-based lender, rated Aa3 by Moody’s and AA- by both S&P and Fitch, is targeting a fixed-rate, resettable perpetual instrument with a non-call six-year structure, expected to be rated Baa3 by Moody’s, subject to market conditions.

FAB has appointed Abu Dhabi Commercial Bank, Barclays, Emirates NBD Capital, itself, HSBC and Standard Chartered Bank as joint lead managers and bookrunners for the issuance, reflecting a strong syndicate backing. According to institutional-market briefings, the period of investor calls is intended to gauge pricing, demand, and issuance size ahead of launch.

This move marks FAB’s first benchmark AT1 issuance in approximately five years and comes as the bank seeks to bolster its capital buffer amid evolving regulatory expectations. Market-specialist commentary notes that such securities serve a dual purpose: providing permanent capital that counts towards Tier 1 regulatory ratios while offering issuers the flexibility of a call option after a set period — in this case six years — to redeem, subject to certain conditions.

FAB’s prior issuance of a senior green bond earlier this month — a €850 million deal priced at mid-swaps plus 70 basis points after opening at plus 100 basis points — underlined its readiness to access capital markets. That deal illustrated investor appetite for the bank’s funding instruments and the bank’s willingness to tap diverse instruments and jurisdictions. The proposed AT1 issuance broadens FAB’s capital-raising toolkit further.

In assigning an expected rating of Baa3 by Moody’s for the proposed issue, the bank is effectively targeting the lowest investment-grade category from that agency for this level of instrument. Such ratings reflect the subordinated nature of AT1 securities; they rank lower than senior debt in the creditor hierarchy and often incorporate features such as coupon discretion and loss-absorption mechanisms — factors that carry higher credit risk for investors compared to senior bonds.

Emerging-markets commentators note that demand for Gulf-region AT1 securities has been relatively scant over the past year as investors have weighed macro-economic headwinds, rising interest-rate environments and regulatory adjustments. The Gulf region’s total primary issuance of bonds and sukuk for the first quarter of the year was reported at USD 51.5 billion, down from USD 55.5 billion in the same period a year prior; within this, financial-institution capital instruments formed a subset of activity. Nevertheless, select banks continue to tap issuance windows that align with investor sentiment.

For FAB, the timing appears strategic: the bank’s common equity Tier 1 ratio stands at 13.7 per cent — a figure comfortably above its internal threshold of 13.5 per cent but lower than the 14.3 per cent recorded a year earlier. This suggests room for issuing capital-absorption securities like AT1 to reinforce buffers without triggering market concern. Regulatory changes also loom: UAE banks are due to face a 50-basis-point increase in the counter-cyclical buffer next year, which will raise total capital requirements and heighten the capital-management imperative.

Investor calls scheduled on 19 November are expected to cover structuring options, timing of launch, target size and investor syndication. Initial market commentary anticipates that FAB may aim for a headline size in the region of USD 750 million — consistent with its last AT1 benchmark in 2020 — although precise sizing will hinge on demand and market dynamics.

The joint bookrunners assemble a strong global footprint: Barclays, HSBC and Standard Chartered provide global investor access while Emirates NBD Capital and Abu Dhabi Commercial Bank offer regional distribution strength. That reflects FAB’s dual aim of tapping both GCC-based and international institutional investors. Market observers believe that if oversubscription builds, pricing could tighten relative to initial guidance and the syndicate may consider increasing sizing accordingly.

The aeronautical action‑adventure title The Falconeer has received what developer Tomas Sala describes as a “complete re‑imagining,” with the update being offered at no extra cost to all current players. Every major aspect of the game has been overhauled, from art and lighting to performance and environmental systems, signalling a clear pivot in the life of the originally released game. The new edition, dubbed the Revolution Remaster, introduces […]

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A sweeping seven-year agreement valued at some US$38 billion has been struck between OpenAI and Amazon. com Inc.’s cloud arm Amazon Web Services, granting OpenAI access to hundreds of thousands of next-generation GPUs to fuel its artificial-intelligence models. The deal marks a significant shift in the cloud-computing landscape as OpenAI broadens its infrastructure base beyond longstanding relationships. OpenAI said it will begin deploying AWS’ compute capacity immediately, […]

The Ministry of Finance has introduced the “Retail Sukuk” programme enabling citizens and residents to purchase government-backed Treasury Sukuk via participating banks with a minimum investment of AED 4,000. The first bank partner will be announced on 3 November 2025.

The move directly expands access to sovereign Islamic finance instruments previously reserved for institutional investors. According to the announcement, the scheme permits investment in Shariah-compliant Islamic treasury securities through fractionalised digital platforms operated by the banks. Leader Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum described the initiative as “translating our leadership’s vision of empowering individuals, promoting a culture of saving and developing government investment instruments that enhance individual participation in economic growth and provide a direct opportunity to contribute to the national development journey.”

The initiative aligns with the nation’s financial-inclusion agenda and the strategy to deepen local capital markets. By lowering the threshold to AED 4,000, the scheme reduces entry barriers for retail investors and broadens the investor base for the domestic sovereign debt market. Analysts point out that universal access to such instruments represents a structural shift in how governments engage with individual savers.

Industry experts say this development reflects emerging trends in the Gulf’s Islamic finance sector, particularly the fractionalisation and tokenisation of Sukuk products. A legal-advisory report on the Gulf Cooperation Council’s Sukuk market noted that digital platforms and smaller tickets are “redefining how Sharia-compliant capital is structured, distributed and accessed.” The Abu Dhabi Islamic Bank earlier launched a “Smart Sukuk” platform allowing retail investment from about USD 1,000 in fractionalised Sukuk.

Governance stakeholders emphasise that the retail programme remains denominated in dirhams and linked to sovereign-backed Sukuk already traded in the market, ensuring exposure to high-quality government assets rather than untested structures. The Ministry reaffirmed that the rollout will follow the “highest standards of transparency and quality.”

Financial institutions stand to benefit from expanded customer-base growth and increased assets under management, while retail investors gain a compliant savings vehicle offering diversification beyond deposits and conventional investments. Yet risks remain. While sovereign-backed, Sukuk carry credit, liquidity and market-risk dimensions; beginners may require enhanced education around profit-sharing-based returns, Shariah-compliance nuances and secondary-market liquidity.

Some market participants caution that the success of the scheme will depend on the secondary-market functioning and investor confidence in digital platforms. Previous fractional-Sukuk roll-outs in the region flagged the need for robust regulatory oversight, clear smart-contract frameworks, and standardised product terms to build long-term participation.

LAGOS – Fintech company Moniepoint Inc. announced yesterday that it has raised more than US $200 million in a Series C equity financing round aimed at accelerating its expansion across Africa and into diaspora markets. The round was led by British private equity firm Development Partners International through its African Development Partners III fund, with participation from impact-investor LeapFrog Investments, Google Africa Investment Fund, global payments giant […]

India’s online retail sector is showing signs of stabilising momentum outside of its traditional festival peaks, as consumer habits increasingly shift toward year-round purchasing patterns. According to a report by consulting firm Redseer, while the September-October period continues to see elevated demand—driven principally by mobiles and electronics—overall online shopping volumes are less reliant on a single event window than in previous years.

The study noted that during the opening two days of the 2025 festive sales period, gross merchandise value for online platforms rose 23 to 25 per cent year-on-year; this uptick marked a four-to-five-fold improvement relative to the equivalent stage of last year. The growth was particularly strong for premium smartphones and large-screen televisions.

Analysts say this shift reflects structural changes in India’s commerce ecosystem. According to a separate 2025 report by Bain and partners, India’s e-retail market hit roughly US$ 60 billion in 2024, despite growth rates moderating to around 10-12 per cent from earlier double-digit levels, due to inflation and slower wage growth. Long-term projections remain optimistic, with the market expected to grow at over 18 per cent annually and reach US$ 170-190 billion by 2030.

Several key drivers underpin the movement toward more stable demand. First, a broader geographic spread: Tier-2 and Tier-3 cities are playing an increasing role in online retail, with the Internet and smartphone penetration expanding rapidly beyond metro areas. According to the India Brand Equity Foundation, Tier-3 cities posted 21 per cent year-on-year growth during summer sales in 2025 and accounted for 38 per cent of order volumes.

Second, tax policy reforms have had an impact. In September 2025, the government implemented new Goods and Services Tax rate cuts affecting electronics, furniture and mid-priced apparel. For instance, GST on large-screen TVs fell from 28 per cent to 18 per cent, producing a 6-8 per cent drop in retail price in those segments according to reporting by the Economic Times. These changes helped elevate consumption in discretionary categories and show how policy can shift timing and category mix of online purchases.

Third, the rise of quick-commerce and digital payment adoption is changing how and when people shop. Q-commerce platforms delivering in under 30 minutes have been growing rapidly: one market report forecasts the segment will hit US$ 1.6 billion in 2025 and account for 12 per cent of online sales. These platforms are increasingly used for impulse or gifting purchases rather than just replenishment.

Yet, the data also show nuance and caveats. Even as online retail becomes less festival-driven, mobiles and electronics continue to dominate during the peak windows. The Redseer survey found that the surge in early festival days was led by premium smartphones and TVs—users that were already loyalty-members or heavy-buyers. This suggests the shift to steady year-round demand is underway, but not yet universal across all product categories. Beauty, apparel, and general merchandise are still heavily influenced by the time around festivals.

Brands and retailers are responding by adjusting their strategies. Many are investing more in digital-first discovery, including influencer content and short-form video, recognising that consumers are engaging earlier and across multiple touchpoints. For example, analysis by HT Media found that in the 2025 festival season shoppers were starting purchases up to six weeks ahead, and were blending online research with offline store conversions, especially for high-value items.

A public beta of Zorin OS 18 has been launched, offering a reimagined interface and a suite of tools aimed at easing the migration from Windows as support for Windows 10 ends on 14 October 2025. The developers position this release as a compelling alternative for PCs that don’t qualify for Windows 11, while businesses, schools and individual users explore paths away from Microsoft’s ecosystem. The new […]

The World Bank has upgraded its 2025 growth forecast for the Middle East, North Africa, Afghanistan, and Pakistan region to 2.8 percent, up from 2.6 percent, while trimming the outlook for 2026 amid intensifying conflict and faltering oil output. Expansion in the Gulf and non-oil sectors is driving the upward revision in 2025, securing a more optimistic tone for this year. But persistent geopolitical stress—particularly in Iran, […]

HANGZHOU, CHINA – Media OutReach Newswire – 3 October 2025 – Geely Riddara launches the RD6 Econ all-electric pickup in Laos and the Philippines, with rollouts to Thailand, Malaysia, and Pakistan—Positioned as an economical, dual-use pickup for commercial and personal needs, the RD6 Econ combines outstanding cost efficiency with optimized energy consumption to offer global markets a more sustainable, value-driven choice. Geely Riddara Launches RD6 Econ All-electric […]

Bitwise has rolled out the Bitwise Avalanche Staking ETP on Deutsche Börse Xetra, offering investors regulated access to AVAX price movements along with integrated staking income. The product is fully backed by physical AVAX, with staking rewards credited daily and reinvested.

The Avalanche staking ETP joins Bitwise’s suite of index-linked staking vehicles in Europe, designed to cater to institutional demand for yield-bearing crypto exposure through familiar capital markets structures. Listing documents show that the ETP carries an annual management fee of 0.85 per cent and that approximately a third of staking rewards will be retained as a service fee to cover operational costs.

Deutsche Börse’s listing announcement notes that AVNB is tradable in both euros and US dollars and that all staking income is automatically reinvested to boost underlying token holdings. The product is being presented as a way to participate in Avalanche’s ecosystem without having to manage technical staking infrastructure, custody, or validator responsibilities.

Bradley Duke, Head of Europe at Bitwise, said the launch “opens the door for investors to access exposure to price movements in AVAX coupled with staking rewards through an exchange-traded total return product.” He emphasised Bitwise’s mission to make digital assets accessible to institutional investors via regulated, transparent instruments. John Wu, President of Ava Labs, welcomed the development, saying that access through established market structures broadens participation in the Avalanche network.

Avalanche operates as a high-throughput, energy-efficient layer-1 blockchain that enables subnetworks tailored for compliance, governance, and performance use cases. Its growing adoption in tokenisation, decentralized finance, gaming, and payments has made it increasingly of interest to institutional players. The ETP references the “CF AVAX Staked Return Index” benchmark to track performance net of costs and staking fees.

Regulators and exchanges across Europe have gradually warmed to crypto staking products, particularly as demand rises for yield-oriented digital assets within regulated frameworks. Bitwise has already launched similar staking ETPs in the region, including for Ethereum, and says its European product line is domiciled in Germany under oversight by BaFin. Critics caution, however, that staking rewards are subject to network conditions, validator performance, slashing risk, volatility, and protocol governance changes, meaning returns are not guaranteed.

The U. S. Securities and Exchange Commission’s Division of Investment Management has issued a no-action stance confirming that registered advisers and regulated funds may use state-chartered trust companies for custody of crypto assets without fear of enforcement under certain conditions.

Under the letter released on 30 September, the SEC staff stated it “would not recommend enforcement action” against advisers or funds that treat state trust companies as a “bank” for purposes of holding digital assets and related cash, provided they adhere to strict safeguards and eligibility requirements. The letter stops short of legal advice, but marks a shift in how crypto custody might evolve under federal oversight.

While the no-action relief does not carry the force of a rule, it addresses long-standing ambiguity over whether state trust companies qualified as custodians under the Investment Advisers Act and the Investment Company Act. The guidance is conditional on advisers performing due diligence to confirm the trust’s authority, maintaining audited financial statements, segregating client assets, restricting rehypothecation without client consent, and verifying internal controls.

The SEC’s letter was precipitated by a request from law firm Simpson Thacher & Bartlett on behalf of financial advisers seeking formal assurances about using state trust entities for crypto custody. This marks the second such no-action letter from the agency in short order, reflecting a trend towards regulatory clarity in crypto frameworks.

Proponents argue the move broadens the pool of eligible custodians beyond a small set of federally chartered institutions. Many prominent crypto custodians already operate under state trust charters, including affiliates of Coinbase, Paxos, and others. Under previous regulatory interpretations, these firms faced uncertainty about whether they satisfied the “qualified custodian” requirement.

SEC Commissioner Hester Peirce applauded the letter, saying it ends the “guessing game” that advisers confronted in choosing custody providers. She suggested the guidance could pave the way for future reforms of custody rules that are more flexible and technology-aware. However, Commissioner Caroline Crenshaw dissented, warning that the agency’s move bypasses formal rulemaking and could undermine trust in the regulatory process by favouring state trust firms over applicants seeking national charters.

Market observers welcomed the clarity. James Seyffart, an ETF analyst, described the letter as “a textbook example of more clarity for the digital asset space.” Institutional participants, previously wary of custody risk, may now consider deeper allocations to crypto. The move may also prompt competition from new entrants able to operate under state trust frameworks.

Thunes has integrated Ripple’s infrastructure into its payments network, allowing Ripple–Thunes integration accelerates global payments with enhanced speed, transparency and cost-efficiency. Drawing on their existing 2020 alliance, the Singapore-based fintech firm and Ripple announced the deeper collaboration on 2 September 2025, aiming to transform cross-border transfers for businesses and financial institutions worldwide.

The integration embeds Ripple Payments into Thunes’s Direct Global Network, spanning 130 + countries and over 80 currencies. This union leverages Ripple’s global payout infrastructure—serving 90 + markets and covering more than 90 % of daily FX flows, with over US $70 billion processed—bringing real-time, cost-efficient, and transparent transactions to Thunes’s vast network.

Chloe Mayenobe, President and COO of Thunes, emphasised that the partnership bridges traditional finance and digital assets, enabling seamless, compliant cross-border payments at scale. She stressed the importance of real-time settlement and robust local integrations in scaling financial access globally. Fiona Murray, Managing Director for Asia-Pacific at Ripple, underscored how combining Thunes’s payment reach with Ripple’s digital asset infrastructure enhances speed, accessibility, and compliance.

This move extends Thunes’s capability to deliver payouts in local currencies in regions with limited banking access, particularly through its SmartX Treasury System. Ripple Payments is now integrated into SmartX, bolstering liquidity management and last-mile delivery in underbanked markets.

Analysis from BeInCrypto notes that this alignment enables faster settlement and improved compliance, especially where mobile wallets like GCash, M-Pesa, and WeChat Pay dominate. For enterprises, the collaboration promises efficient global transfers with lower friction. Crowdfund Insider adds that the partnership broadens payout reach while streamlining money movement across key markets.

Electronic Payments International confirms the integration into SmartX, reinforcing Thunes’s treasury capabilities and enhancing its services. CryptoBriefing highlights the joint effort to improve speed, transparency and compliance across Thunes’s global network by incorporating Ripple Payments.

This development reflects an industry shift: traditional payment networks increasingly adopt blockchain infrastructure to reduce costs and boost efficiency. Thunes, with its “Smart Superhighway” platform covering billions of mobile wallets, bank accounts, and cards, stands well-positioned to harness Ripple’s tools for expanding financial inclusion.

Thunes, founded in 2019 and headquartered in Singapore, already partners with PayPal, Uber, Grab, Paytm, and others, serving a global footprint that includes more than 3 billion accounts across 130 countries. The integration with Ripple strengthens its proposition to these and other clients seeking faster, more transparent cross-border transfers.

Canada is advancing its Arctic security and defence strategy by expanding collaborations with NATO’s newest members—Finland and Sweden. As the geopolitical landscape shifts, Ottawa is actively moving beyond traditional reliance on the United States to forge deeper military, industrial and technological ties with Nordic allies, reinforcing its sovereignty and resilience in the High North. The Honourable Anita Anand, Minister of Foreign Affairs, has formalised a Canada–Finland strategic […]

Infosys will acquire a 75 percent stake in Versent Group, the cloud‑focused digital transformation specialist wholly owned by Telstra, for A$233.3 million, in a joint venture aimed at accelerating artificial intelligence‑enabled cloud and digital services across Australia. The deal, positioning Infosys as majority operator with Telstra retaining a 25 percent interest, is expected to complete in the second half of fiscal year 2026, contingent on approval from Australia’s Foreign Investment Review Board and Competition and Consumer Commission.

Versent brings to the table its team of 650 engineers, advisors and strategists and deep expertise in serving large‑scale sectors such as finance, utilities, energy, education and government. Infosys plans to infuse this local engineering capability with its global strengths—particularly its AI suite including Infosys Topaz, cloud platform Infosys Cobalt, and cybersecurity services from The Missing Link—to deliver comprehensive digital transformation solutions across Australian enterprise and government clients.

The transaction sparked a positive market reaction. Infosys’s US‑listed shares climbed 1.6 percent to US$16.33, while shares traded in India leapt 2 percent to ₹1,449.90.

This JV marks a significant stride in Infosys’ global AI‑cloud strategy and broadens its footprint in Australia. For Telstra, the move aligns with its broader transformation ambitions, where leadership under CEO Vicki Brady is steering the business toward becoming more software‑centric and AI‑first. As part of this shift, Telstra has embraced extensive AI deployment—covering operations such as fault detection, customer support enhancement and efficiency gains—and introduced 21,000 Microsoft Copilot licences along with a dedicated data and AI academy for staff upskilling.

While Telstra has enacted workforce reductions—550 roles eliminated in its enterprise division—company executives emphasise these changes result from structural realignment, not AI, and promise support for affected employees.

US Treasury Secretary Scott Bessent last week made a comment that should have sent markets into deep reflection. Instead, it was largely shrugged off. He suggested that the White House’s unprecedented revenue-sharing deal with Nvidia and AMD could be extended to other industries. This single line carries profound implications — and the muted reaction says more about investor complacency than anything else. The arrangement currently in place […]

ServeU, a prominent facilities management firm in the UAE, has secured a strategic acquisition of House Keeping and its domestic workers division in a deal valued at 100 million dirhams. This acquisition marks a significant move for ServeU, expanding its presence in the domestic workforce segment and enhancing its service capabilities. The acquisition, finalized by ServeU, includes both the House Keeping brand and its subsidiary operations. Despite […]

China Development Bank has launched a groundbreaking dual‑currency bond on Nasdaq Dubai, bearing an A1 rating from Moody’s, with a pair of three‑year notes: a $500 million floating‑rate tranche at SOFR +30 basis points and a €500 million fixed‑rate tranche bearing a 2.25 percent coupon. Investor demand flooded in, especially from Europe, the Middle East and Asia, marking a significant milestone in cross‑border financing. The euro tranche, with its enticing […]

Columbia University and Brookhaven National Laboratory researchers have unveiled a groundbreaking method to engineer intricate three‑dimensional nanostructures entirely through DNA self‑assembly in aqueous environments. This technique, underpinned by an innovative algorithm called MOSES, promises to shift current paradigms in nanomanufacturing, with potential applications in optical computing, neuromorphic hardware, biotechnology and beyond. At the heart of this advance are DNA‑based “voxels”—octahedral units formed by folding DNA strands into […]

Charles Group has entered a $1 billion strategic partnership with the US-based Patel Family Office to co-develop a digital investment platform targeting real estate and infrastructure assets across the UK, GCC, India and the SAARC region. The memorandum of understanding, signed at the Global Wealth Conference 2025 hosted by the Sovereign Wealth Fund Institute at London’s Mansion House, was finalised in the Egyptian Hall and witnessed by over […]

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