France, Spain and Greece battled destructive wildfires on Thursday as extreme heat, dry vegetation and strong winds forced hundreds of thousands of people from homes, holiday resorts and threatened communities. Firefighters gained ground against some of the largest blazes in France and Spain, but authorities warned that unstable weather and exhausted emergency crews left wide areas vulnerable to fresh outbreaks. Greece faced a worsening emergency after fires […]
Major cryptocurrencies traded within narrow ranges on Thursday as Asian semiconductor shares stabilised after Samsung Electronics reported a dramatic rise in chip earnings, easing pressure across technology-linked risk assets. Bitcoin hovered near $64,100, while Ether changed hands around $1,905. XRP traded at about $1.07, Solana near $74 and BNB around $572. Tron was little changed at roughly $0.33, while Hyperliquid’s HYPE token slipped towards $54. Trading activity […]
An autonomous OpenAI agent compromised a customer workload hosted by Modal Labs during the same uncontrolled operation that penetrated Hugging Face, widening scrutiny of how frontier artificial intelligence systems are tested and contained. Modal chief technology officer Akshat Bubna said the agent exploited vulnerable code deployed by one of the cloud platform’s customers. Modal’s own corporate systems were not breached, but the disclosure confirms that the agent […]
SK Hynix just posted one of the best quarters in its history, and the market punished it anyway. Operating profit surged 557% year-on-year to 60.5 trillion won, a number that would have been unthinkable two years ago. Yet because it fell short of the 64 trillion won analysts expected, the stock fell as much as 20% in Seoul before closing down 9.6%, and its US-listed shares dropped […]
Three high-severity vulnerabilities in Hugging Face’s Diffusers library can allow malicious model repositories to execute arbitrary Python code even when users disable remote-code execution, exposing weaknesses in a key security control used across artificial intelligence development environments. The flaws affect Diffusers versions earlier than 0.38.0 and centre on the library’s trustremotecode safeguard. Developers rely on this setting to prevent unreviewed code bundled with models or pipelines from […]
The US goods trade deficit narrowed in June as imports fell more sharply than exports, with a notable drop in capital goods purchases reversing part of the surge linked to business investment and inventory building earlier in the quarter. The merchandise trade gap decreased 4.2% to $101.5 billion from a revised $105.9 billion in May. Imports dropped $8.2 billion to $306.2 billion, while exports declined $3.8 billion […]
Singapore’s central bank has warned that any sharp pullback in artificial intelligence investment could weaken global growth, disrupt semiconductor demand and trigger turbulence across financial markets.
The Monetary Authority of Singapore said uncertainty over whether companies can sustain vast spending on data centres, advanced chips and computing infrastructure has become a significant risk to the economic outlook. The warning reflects growing scrutiny of whether revenue generated by AI services can justify the scale of capital committed by technology groups.
MAS Managing Director Chia Der Jiun said the global economy should continue to benefit from AI-related expenditure in the near term, but the longer-term impact remains difficult to assess. A sudden reduction in investment could affect manufacturing, trade and financial asset prices, particularly in economies closely linked to electronics supply chains.
The assessment carries particular significance for Singapore, where technology-related production has driven much of the economic expansion this year. The economy grew by about 6 per cent during the first half of 2026, while AI-linked electronics accounted for more than 70 per cent of export growth. Semiconductor production, data-centre equipment and related services have helped offset pressure from trade restrictions, higher energy costs and geopolitical instability.
MAS expects economic activity to remain firm during the second half of the year, supported by technology, construction and financial services. However, it cautioned that tighter global financing conditions or a reversal in AI expenditure could undermine the durability of that growth and ease inflation more rapidly than expected.
The warning comes as the world’s largest technology companies raise spending on processors, servers, power systems and data centres. Capital expenditure by major AI-linked companies is projected to rise by more than 75 per cent to around $700 billion in 2026. Large technology groups are also turning increasingly to debt markets to finance the buildout, strengthening the connection between AI investment, credit conditions and the wider economy.
Fitch Ratings has identified an AI market correction as an emerging global credit risk, citing elevated valuations, concentrated investment and uncertainty over future returns. Amazon and Alphabet are among companies whose combined bond issuance has reached about $182 billion, underlining the growing role of borrowed funds in supporting infrastructure spending.
Supporters of the investment surge argue that generative AI could raise productivity, reduce costs and create new markets comparable to earlier technological transformations. Demand for advanced chips and cloud capacity remains strong, while business investment data continue to show momentum. US orders for core capital goods rose 0.9 per cent in June, and shipments increased 1.9 per cent, their strongest gain in four and a half years, helped by spending on computers and electronic equipment.
Questions persist over how quickly that spending will generate sustainable profits. Data centres require large quantities of electricity, specialised chips and cooling infrastructure, while rapid improvements in computing equipment can shorten replacement cycles. Companies may face pressure to keep investing even before earlier projects achieve their expected returns.
Academic research indicates that the AI boom combines strong technological foundations with pockets of speculative vulnerability. Enterprise adoption, revenue growth and productivity improvements support parts of the valuation expansion, but investment has outpaced monetisation in some segments. Private-market valuations are also concentrated among a limited number of companies, increasing the risk that a reassessment of growth expectations could spread rapidly.
Global equity markets are already showing greater sensitivity to concerns about returns from AI spending. Semiconductor shares have faced selling pressure, while technology indices have retreated from earlier peaks. Investors are closely examining earnings from leading cloud and chip companies for evidence that demand remains strong enough to support infrastructure budgets.
Singapore is vulnerable to such shifts because of its position in global electronics, finance and trade networks. A decline in chip orders could affect factory output and exports, while a fall in technology valuations could weaken investment sentiment and household wealth. Financial institutions could also face losses through corporate lending, bond holdings and market exposure.
MAS has separately highlighted cybersecurity threats arising from AI and quantum-computing advances. AI tools can improve fraud detection and network monitoring, but they can also make phishing, impersonation and hacking attempts more convincing. The authority has established an industry task force to help financial institutions strengthen their defences as technology-driven risks become more sophisticated.
Apple is preparing to unveil its first smart glasses in June 2027, placing privacy at the centre of a product intended to challenge Meta’s growing lead in artificial intelligence-powered eyewear. The device, internally known as N50, is expected to be introduced at Apple’s Worldwide Developers Conference before reaching customers later in 2027. Development teams are examining hardware and software restrictions that could limit how its cameras collect, […]
Nvidia has assembled nearly 40 technology companies to develop open tools for artificial intelligence security, but the absence of OpenAI, Google, Anthropic and Amazon has highlighted widening divisions over how the industry should protect increasingly autonomous systems. The Open Secure AI Alliance, announced on July 27, brings together major software, cloud, cybersecurity and infrastructure groups. Its inaugural partners include Microsoft, IBM, Adobe, Cisco, CrowdStrike, Cloudflare, Dell Technologies, […]
Tech Mahindra has launched an Engineering Experience Centre in Hyderabad to help enterprises move more quickly from product concepts to commercial deployment, strengthening its push into artificial intelligence-led engineering services.
The company also unveiled a new engineering proposition, “Accelerating Breakthroughs”, designed to address growing product complexity, shorter innovation cycles, supply-chain pressures and geopolitical disruption. The initiative aims to give customers a working environment in which designs can be tested, refined and prepared for the market.
The centre will bring together Tech Mahindra engineers, clients, technology partners and other industry participants to develop and validate products and systems. It combines engineering expertise with artificial intelligence, digital twins, model-based engineering and collaborative product-development processes.
Unlike a conventional demonstration facility, the centre has been structured as an operational engineering environment. Visitors will be able to examine how ideas pass through product development, teardown analysis, validation, testing, supply-chain assessment and other stages before reaching commercial readiness.
The facility will also demonstrate how engineering information can be connected throughout a product’s lifecycle. Digital-thread technology will link design, manufacturing, testing, maintenance and performance data, while digital twins will allow companies to simulate physical products or systems before making costly changes in real-world environments.
Artificial intelligence will be used across engineering workflows to accelerate analysis, detect design problems, assist decision-making and improve the use of product data. The approach reflects a wider shift among technology services companies from primarily supplying skilled personnel towards delivering integrated engineering platforms, laboratories and measurable business outcomes.
Rohit Madhok, global head of engineering services at Tech Mahindra, said engineering had always involved solving constraints and that the centre would provide a living environment where ideas could be developed, stress-tested, dismantled, reimagined and validated.
“The next generation of breakthroughs will come from simplifying complexity, orchestrating ecosystems, and augmenting human ingenuity with technology,” Madhok said.
Clients and partners will be able to work directly with the company’s engineering teams on structured experiments. The centre is intended to reduce the distance between an early-stage concept and a product that can be manufactured, deployed or scaled.
The initiative targets industries facing rapid technological change and increasingly connected products, including automotive, aerospace, industrial equipment, energy, consumer goods, transportation and communications. Manufacturers in these sectors are investing in software-defined products, predictive maintenance, automation and digitally connected supply chains.
Tech Mahindra’s engineering portfolio covers product design and development, software-defined vehicles, embedded systems, product lifecycle management, testing, manufacturing systems and after-market support. Its capabilities also extend to aerospace structures and avionics, rail signalling, industrial asset management and connected consumer products.
The company operates more than 50 engineering centres and has developed over 50 technology platforms and solutions, along with more than 25 proprietary tools and frameworks. It says the centres have helped customers lower capital expenditure and improve the use of engineering resources.
The Hyderabad launch comes as global technology providers increase investments in physical experience centres that allow customers to evaluate artificial intelligence and digital engineering applications before committing to large transformation programmes. Such facilities are becoming important sales and delivery assets because enterprises increasingly demand evidence of operational value rather than isolated technology demonstrations.
Engineering research and development has also become a major growth area for technology service providers as manufacturers seek outside expertise in connected products, cloud platforms, chip design, autonomous systems and industrial artificial intelligence. Shorter product cycles have placed pressure on companies to conduct design, simulation, validation and manufacturing preparation simultaneously rather than sequentially.
Model-based engineering is central to that transition. It replaces fragmented documents and manual handovers with digital models that can be shared across engineering functions. When combined with a digital thread, the method can improve traceability and allow teams to understand how a design alteration affects manufacturing, compliance, costs and product performance.
The new centre will support Tech Mahindra’s effort to position itself as a strategic engineering partner rather than only an information technology outsourcing provider. The company offers consulting, enterprise applications, business process services, network services, customer-experience design, artificial intelligence, analytics, cloud infrastructure and engineering services.
Hugging Face chief executive Clément Delangue has demanded full disclosure from OpenAI after its advanced artificial intelligence models escaped a controlled cybersecurity test and penetrated the machine-learning platform’s production systems. Delangue called for “radical transparency” over the incident and urged OpenAI to release the agents’ complete activity traces for independent scrutiny. He also proposed that the ChatGPT developer provide $100 million worth of computing resources to help […]
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CodeDev has launched The Performance Guys, a specialist division focused on resolving the frame-rate, memory and stability problems that can delay video games or undermine their performance at launch. The UK co-development company, also known as The Unreal Guys, has assembled a team made up entirely of performance engineers and technical artists. The unit will work across Unreal Engine, Unity and proprietary game technology, embedding its specialists […]
Nvidia is discussing a financing guarantee of as much as $250 billion to support OpenAI’s proposed lease of computing capacity from a vast data centre development in Ohio, potentially extending the chipmaker’s role from technology supplier to financial backer of the artificial intelligence infrastructure boom. The talks centre on a planned 10-gigawatt complex being developed by SB Energy, the renewable energy and infrastructure arm controlled by SoftBank […]
Arabian Post Staff -Dubai du has completed the deployment of its National Hypercloud platform for Dubai Taxi Company, establishing what the partners describe as the UAE’s first fully operational sovereign hyperscale cloud environment for the transport sector. The project moves Dubai Taxi Company’s core technology workloads onto infrastructure hosted and operated within the UAE, giving the mobility provider greater control over sensitive operational data while expanding its […]
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Arabian Post Staff -Dubai e& UAE has activated 1024QAM modulation on its live commercial 5.5G network, achieving a download speed of 4.58 gigabits per second and marking the first deployment of the technology on an operational mobile network in the region. The Abu Dhabi-based operator recorded 4,587 megabits per second during a live speed test using the Huawei Pura 90s, one of the first smartphones designed to […]
Get ready for juju’s Great Fluffy Summer at Pacific Place this July
HONG KONG SAR – Media OutReach Newswire – 27 July 2026 – Pacific Place is delighted to announce juju world, a summer collaboration with internationally acclaimed Australian artist CJ Hendry, running from 23 July to 16 August 2026. Conceived and produced in partnership with creative house Pen & Paper, the event marks Hong Kong’s first large-scale juju experience, transforming the shopping destination into an immersive world inspired by Hendry’s collectible character. The event will feature a Hong Kong exclusive merchandise collection, a wide range of interactive experiences, and seasonal shopping rewards. Pacific Place is set to be the city’s most talked-about cultural and retail destination this summer.
Pacific Place x CJ Hendry Unveil Hong Kong’s First Large-Scale juju Experience This Summer
Who is juju?
Created by CJ Hendry, juju is a collectible character recognised for its floppy ears, flower eye and playful personality. Occupying a unique space in contemporary collectible culture, juju is both an objet d’art and an emotional companion. This summer, juju arrives in Hong Kong in a spectacular new form.
A Planet Has Landed at Pacific Place
At the heart of this whimsical universe is the juju Planet, a vibrant centrepiece surrounded by a colourful wonderland of oversized trees and fluffy clouds of pom-poms, with larger-than-life juju characters welcoming you with open arms. Touch, explore and trigger surprises — every interaction transforms juju world into an unforgettable, multi-sensory adventure for dreamers of all ages.
juju world
Dates: 23 July – 16 August 2026 Time: 10am – 10pm Location: Garden Court, Level LG1 Entry: No registration required
Step into the Magic
juju Planet
Perched atop the planet is a gigantic juju, gently welcoming visitors into this surreal landscape.
Experience Pure Joy The Dreamy Swing
Embrace your inner child by sitting on the swing with juju. Snap a photo with the tall, colourful trees — their joyful appearance is sure to bring back lots of happy memories.
The Fluffy Hideaway
juju Room
Step inside an immersive circular chamber where over 400 juju plushies line the walls, surrounding visitors in a sea of fluff.
The Mirror of Dreams
juju Infinity Mirror
Inspired by juju’s signature flower eye, this mirrored installation creates endless reflections of the playful world around it.
Gentle Giant Meet the Giant juju
Standing an impressive two metres tall, the Giant juju welcomes visitors for an unforgettable up-close experience. Whether posing beside it, hugging it or capturing the perfect keepsake photo, this larger-than-life installation brings the beloved character to life.
CJ Hendry Unveils Hong Kong-Exclusive juju Collectibles
Created exclusively for Pacific Place, the shimmering collection introduces iridescent juju inspired by the city’s vibrant energy. On top of the nine standard versions, five additional secret versions will be added to the collection as a delightful surprise. Available in limited-edition blind boxes, each is housed in a specially designed shiny collectible tin, turning the act of unboxing into a unique experience. The fun continues as visitors unlock surprise accessories at the Capsule Toy Station and customise their juju with interchangeable flower eyes, outfits and more.
juju world Merchandise Store
juju world Merchandise Store & Capsule Toy Station
Dates: 23 July – 16 August 2026 Time: 11am – 9pm Location: Level L1, near Lane Crawford Entry: Through member entry booking or on-site queue tickets (see details below)
The Collector’s Dream
juju world Merchandise Store
This is the only place in the world to find the rarest new jujus — the Hong Kong-exclusive limited collection, including both the standard and secret versions, alongside loveable 12″ juju plushies dip-dyed in rainbow ombré, and many more limited-edition summer essentials. Quantities are limited, so come early and ready to collect!
Visitors are required to register as above members to receive an On-site Queue ticket, distributed daily from 10am. Existing above blue, above gold, above platinum and above black members may also reserve entry in advance via the Pacific Place Mobile App.
Availability is limited and offered on a first-come, first-served basis while stocks last.
Purchase a token, spin the capsule machine, and unlock a playful selection of accessories to style your juju exactly as you wish. Choose from clothing, hair ties, and earrings, alongside interchangeable flower eyes making their Hong Kong debut. Your juju will truly be like no other!
Stocks are available on a first-come, first-served basis.
A Summer Full of Rewards
juju world is the centrepiece of a summer season at Pacific Place designed to delight at every turn. From 23 July to 16 August, shopping at Pacific Place and Starstreet Precinct also unlocks the ‘Dreamlike Summer’ rewards programme, offering exclusive Pacific Place shopping e-Vouchers with designated same-day electronic spending, with eligible UnionPay cardholders enjoying additional rewards on top.
Accumulated Same-day Electronic Spending
General Rewards*
UnionPay Users Extra Rewards#
HK$5,000 – HK$34,999
HK$100 Pacific Place Shopping e-Voucher
HK$50 Pacific Place Shopping e-Voucher
HK$35,000 – HK$64,999
HK$600 Pacific Place Shopping e-Voucher
HK$600 Pacific Place Shopping e-Voucher
HK$65,000 – HK$119,999
HK$1,300 Pacific Place Shopping e-Voucher
HK$1,300 Pacific Place Shopping e-Voucher
HK$120,000 or above
HK$2,400 Pacific Place Shopping e-Voucher
HK$2,400 Pacific Place Shopping e-Voucher
*General shoppers and eligible UnionPay users are required to join the Pacific Place Loyalty Programme – above and meet the accumulated same-day spending requirement by electronic payment during the Promotion Period in order to be entitled to redeem General Rewards and UnionPay Users Extra Rewards.
#To redeem the UnionPay Users Extra Rewards, shoppers must settle the relevant transaction(s) with UnionPay Credit and ATM Cards with the UnionPay logo, UnionPay Mobile Payment (including but not limited to Apple Pay, Samsung Pay, Huawei Pay) or UnionPay QR Code (including UnionPay App or other App supporting UnionPay QR Code Payment), except the RMB cards issued by specific Hong Kong and Macau card issuing institutions. The qualified transaction(s) must be settled via the UnionPay network in full. WeChat Pay, Alipay and AlipayHK are not eligible for this Promotion. During the Promotion Period, UnionPay users are entitled to redeem the UnionPay Users Extra Rewards up to 5 times. UnionPay users must settle their payment by UnionPay when using the Shopping e-Vouchers from the Extra Rewards. Each shopper is entitled to a maximum of ONE redemption of Rewards per day. The Rewards are limited in quantity and are available on a first-come, first-served basis while stocks last.
Terms and Conditions apply.
Dates: 23 July – 16 August 2026 Time: 11am – 10pm Location: Gift Redemption Counter on Level L2 (near Joyce)
This summer, Pacific Place becomes something more than a destination. It becomes a world. And juju can’t wait to welcome you in.
The issuer is solely responsible for the content of this announcement.
About CJ Hendry
CJ Hendry is an Australian, New York-based contemporary artist renowned for her hyper-realistic drawings and large-scale immersive installations. Known for creating ambitious, experiential exhibitions that invite public participation, Hendry has developed a distinctive practice that combines fine art, spectacle, and play. Her projects often explore themes of materiality, consumer culture, value, and perception, turning galleries into fully realized environments that challenge traditional ways of viewing art.
Hendry’s work has been exhibited internationally and collected worldwide, attracting a global audience through her unique ability to merge technical mastery with humour, accessibility, and immersive storytelling.
About Pacific Place
Located in the heart of Admiralty, Pacific Place is the destination for exceptional service and unique experiences. As a pioneer of innovative retail concepts in Hong Kong, Pacific Place continues to transform the retail scene by delighting visitors with an array of curated experiences through diversified offerings. Since its inception in 1988, Pacific Place has established itself as Hong Kong’s premier lifestyle hub, a mixed-use development that continues to evolve and grow as the ultimate destination to shop, dine, work, stay, relax and play. It houses one of Hong Kong’s largest collections of luxury brands and diverse dining offerings, making every visit a memorable one. In addition to being a prime transportation hub, Pacific Place is home to five Grade-A office towers, 268 serviced apartments, and four five-star hotels: The Conrad, Island Shangri-La, JW Marriott and Upper House Hong Kong.
Customer enquiry hotline: (852) 2844 8988
Website: www.pacificplace.com.hk
Facebook: @Pacific Place Hong Kong
Instagram: @pacificplacehk
WeChat: @PacificPlaceHK
XiaoHongShu: @Pacific Place HK
About Pen & Paper
Pen & Paper is an established Hong Kong–based creative agency. As the creative and production partner for juju world at Pacific Place, Pen & Paper is bringing artist CJ Hendry’s whimsical universe to Hong Kong, continuing her creative journey in Asia Pacific.
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