Emergency crews are fighting a serious fire that has engulfed the upper floors of a nine-storey mixed-use building at the former BBC Television Centre on Wood Lane, White City. Around 100 firefighters attended the site by mid-morning on Saturday, joined by 15 fire engines and two 32-metre turntable ladders used as water towers. A drone team is aiding the operation by providing aerial oversight, while a rest […]
Anthropic has agreed to pay US $1.5 billion to settle a class-action lawsuit filed by several authors who alleged the company illegally downloaded and stored pirated copies of their books to train its AI chatbot Claude. A federal court filing has been submitted to U. S. District Judge William Alsup in San Francisco, who is scheduled to review the agreement. If approved, the payout will likely represent […]
DP World will begin offering the “Atlas” service from Morocco to UK and North Europe, cutting export times for fruit and vegetable shipments by up to two days when operations commence in November 2025. The maritime corridor will link the Moroccan ports of Agadir and Casablanca with DP World’s London Gateway and Antwerp Gateway terminals via two dedicated vessels, offering a faster, more cost-effective, and lower-carbon alternative to over-the-road transport.
This new route is expected to transfer up to 150,000 tonnes of fresh produce annually from trucks to ships, reducing carbon emissions by approximately 250 kg CO₂ per tonne-kilometre—a decrease of around 70% compared with traditional road haulage.
By offering faster and smoother delivery, the “Atlas” service from Morocco to UK and North Europe provides a more reliable logistics option. It circumvents issues such as traffic congestion, border delays and instances of vandalism, which frequently compromise delicate produce like tomatoes and blueberries.
To support the service, DP World has rolled out a substantial investment in refrigerated and general-cargo containers: 1,250 new reefer units plus 1,000 40-foot high-cube and 750 20-foot dry containers. Customers will benefit from full end-to-end supply-chain visibility via the CARGOES digital platform.
According to DP World, Morocco currently exports more than 6.5 million metric tonnes of fruit and vegetables to Western Europe annually, with volumes rising at over 20% year-on-year—making improved logistics more urgent than ever.
DP World Europe’s managing director and chief executive, Rashid Abdulla, emphasised that the service’s pillars of reliability, fast transit and modern IT platform make it a viable alternative to trucking, delivering better-quality produce at lower cost and with markedly reduced emissions. Markus Rodatz, chief operating officer for Freight Europe at DP World, highlighted the company’s commitment to developing smarter, more sustainable and more resilient supply chains, noting the new route helps growers and retailers meet environmental targets.
Abu Dhabi’s G42 is offering 2 % of its shareholding in its subsidiary, Presight AI, to institutional investors through an accelerated book-build, aiming to raise slightly more than $100 million. The transaction will reduce G42’s holding in the analytics group from 70.5 % to 68.5 %, while retaining majority control. First Abu Dhabi Bank and Jefferies are acting as joint global coordinators and joint bookrunners, with International Securities serving as joint bookrunner.
Demand for the placement has been strong, with books reportedly fully covered ahead of finalisation. Settlement is expected around 10 September 2025, following final terms being set by 4 September. G42 has also committed to a 180-day lock-up period before any further sale of its Presight shares.
The strategic purpose behind G42 lowers Presight AI stake via ABB is to broaden and institutionalise Presight’s investor base, enhance liquidity, and strengthen its case for inclusion in the FTSE Emerging Market Index. Greater free float and international institutional ownership would increase trading activity and appeal to passive investment funds.
Presight AI, which listed on the Abu Dhabi Securities Exchange in 2023, has posted strong financials through 2025. Its share price has risen by approximately 67 % year-to-date, closing recently at AED 3.47. In the first half of 2025, organic revenue grew by 33.5 %, supported by new domestic contracts. In the second quarter, group net profit rose by nearly 8 % to Dh77 million, with revenue up by over 53 % to Dh523.9 million. International markets now contribute 26.8 % of revenue, up from just 4.9 % a year earlier.
G42 group CFO Ricky Thirion described Presight as “a critical pillar of the G42 ecosystem and a cornerstone of our Intelligence Grid offering,” noting that its performance reflects consistent growth and strong leadership.
Regionally, secondary offerings like this one are gaining traction. In 2025, follow-on sales across the Middle East have raised roughly $3.7 billion, surpassing IPO proceeds—a sign of deepening market maturity.
The placement’s proceeds will go entirely to G42, with no dilution or impact on other shareholders or Presight’s operations.
Abu Dhabi’s G42 has therefore engineered a measured recalibration of its ownership in Presight AI—G42 lowers Presight AI stake via ABB—while securing capital, expanding its shareholder base, and positioning the company for broader market inclusion and visibility.
BERLIN, GERMANY – Media OutReach Newswire – 6 September 2025 – Hohem, a global innovator in AI gimbal technology, officially debuted at IFA this year, showcasing a powerful lineup that solidifies its dominant position in the consumer market. By pioneering innovations like edge AI tracking and the world’s first detachable touchscreen remote, Hohem has reshaped the smartphone content creation experience. This strategic foundation now signals the company’s […]
OpenAI is launching a platform to connect workers fluent in artificial intelligence with employers, using AI to match skills and opportunities OpenAI builds AI-Powered Jobs Hub, positioning itself against LinkedIn. Set to debut by mid-2026, the service aims to streamline recruitment by ensuring candidates’ AI competencies align closely with employer requirements. In a blog post, Fidji Simo, OpenAI’s chief executive of Applications, said the OpenAI Jobs Platform, […]
du has unveiled its Envision 2025 agenda, signalling a decisive push towards an AI-first future. The event is scheduled for 9 September 2025 at Atlantis, The Royal, and is designed to mobilise public and private sector leaders around AI-enabled smart communities and sovereign digital innovation.
The Envision 2025 blueprint brings together a distinguished roster of sponsors and partners. Oracle is confirmed as Host Sponsor, contributing expertise in cloud and sovereign AI capabilities. Cisco, as Platinum Partner, reinforces commitments to digital advancement. Gold Partners include HPE, Huawei, Akamai Technologies and CyberKnight, while Silver Partners—Dell Technologies, Fortinet, Accenture, Hexaware and Palo Alto Networks—support AI and cybersecurity resilience. Equinix and Joy Smart Technologies join as Bronze Partners, emphasising a collaborative approach to transformation. du charts AI-first future with Envision 2025 echoes this collaborative vision, emphasising alignment between leadership and technological innovation.
The threefold Envision platform will host both an exhibition and a conference, spotlighting cutting-edge domains: AI Data Centres, Sovereign Cloud, Generative and Agentic AI, GPU-as-a-Service, Industry 4.0, Advanced Robotics, and Cloud Computing. It seeks to provoke strategic alliances and stimulate discourse aligned with the UAE’s National AI Strategy and National Digital Government Strategy 2025.
Fahad Al Hassawi, Chief Executive Officer of du, underscored the alignment with national vision, referencing the leadership of H. H. Sheikh Mohammed bin Rashid Al Maktoum, who asserted that “future is not something we wait for, but something we make.” Al Hassawi emphasised that converging leadership with advanced technology will underpin the creation of a scalable, secure, and AI-first UAE.
Jasim Al Awadi, Chief ICT Officer at du, described Envision 2025 as more than a technology event—but as a national platform uniting future shapers to align vision, innovation and execution. He stressed that the collaborators are vital to delivering secure, scalable, sovereign digital solutions that enhance smart communities, economic growth and quality of life.
Miguel Vega, Senior Vice President for Database Platform & Cloud Infrastructure at Oracle for the Middle East, Turkey and Africa, said Oracle’s participation will centre on advancing sovereign AI and cloud functions, aiming to help public and private sectors unlock greater levels of innovation, security and efficiency.
Cape Town’s CEM Africa Summit set a high benchmark in August with a three-day assembly of workshops, panels and keynotes on AI-driven personalisation, omnichannel integration and CX leadership strategies, firmly reaffirming the continent’s place in shaping customer engagement futures. Building on that momentum, Johannesburg gears up for another CX powerhouse when CEM heads to Sandton on 20 November 2025 at the NH Hotel. The Johannesburg edition will […]
BERLIN, GERMANY – Media OutReach Newswire – 5 September 2025 – The Internationale Funkausstellung (IFA), the world’s leading trade show for consumer electronics and home appliances, kicked off on September 5 in Berlin. At this year’s event, Changhong drew global attention with the debut of its panda-themed smart appliances, a strategic new partnership in winter sports, and a compelling demonstration of ESG initiatives, all underscoring the brand’s […]
HONG KONG SAR – Media OutReach Newswire – 5 September 2025 – The Hainan Free Trade Port Tourism and Culture (Hong Kong) Series Promotion Events will be held from September 7 to 11 at Hong Kong’s K11 Art Mall, marking a new chapter of tropical island tourism in China for visitors from Hong Kong and beyond. The Hainan Free Trade Port Tourism and Culture (Hong Kong) Series […]
Hon Hai Precision Industry Co. reported August sales of NT$606.5 billion, marking a 10.6 per cent increase year-on-year. The Taiwanese manufacturer, a key production partner for Nvidia’s AI-enabled servers, anticipates both sequential and year-on-year growth in third-quarter revenue, underpinned by a sharp rise in cloud and networking product shipments. Hon Hai’s August sales climb 10.6 per cent amid AI demand reflects continued strength in AI infrastructure spending. […]
Roblox has entered into a strategic alliance with the International Age Rating Coalition to overhaul its content labelling system, replacing its existing maturity labels with recognised regional ratings such as ESRB in the United States, PEGI in the UK and Europe, USK in Germany, and GRAC in South Korea. Simultaneously, the platform will expand age-estimation requirements for all users accessing communication features by year-end, using technology like […]
A protocol on phytosanitary standards agreed upon during President Emmerson Mnangagwa’s visit to Beijing has unlocked the possibility of Zimbabwe exporting blueberries to China, the Horticultural Development Council has announced. This agreement offers local growers access to one of the world’s fastest-growing blueberry markets, although actual export volumes will depend on their ability to meet stringent sanitary conditions and manage compliance-related costs. Zimbabwe’s blueberry production is set […]
A surge in hunger has struck Nigeria, as sharply diminished aid inflows have forced closures of nutrition centres and blocked treatment for countless children at risk of malnutrition. Aid cuts from the United States and other Western donors have triggered an abrupt collapse in food assistance across northeast regions, particularly Borno State, the epicentre of a long-standing insurgency. In northeastern Nigeria, the United Nations’ World Food Programme […]
Tether is weighing entry into the gold industry by initiating discussions with mining, refining, trading and royalty firms to channel its crypto-generated profits into bullion-linked ventures. The company holds US $8.7 billion in gold reserves stored in Zurich as collateral, and already holds a minority stake in a royalty firm, with talks underway to expand that involvement. This move marks a strategic shift toward physical assets, seeking to broaden its exposure across the gold supply chain and diversify beyond the cryptocurrency market. While CEO Paolo Ardoino has likened gold to “natural bitcoin”, the gold sector has responded to the overture with caution and scepticism.
Tether’s consideration of investments in new realms of the gold industry underscores a calculated attempt to strengthen its position beyond USDT’s dollar peg. The firm has reportedly held talks with multiple royalty companies and even mining investment vehicles—but not all discussions have yielded results. Notably, Tether’s efforts include growing its exposure via Elemental Altus, a Toronto-listed gold royalty company in which it holds a minority stake, with potential for further investment. Talks with Terranova Resources reportedly ended without agreement.
Tether already anchors its stablecoin operations with nearly US $8.7 billion in gold backing, using physical bullion to support its broader digital asset ecosystem. The gold-backed token XAU₮ remains modest in scale compared to its dollar-pegged counterpart, holding a market value of approximately US $880 million.
Parallel to these strategic talks, Tether’s gold-backed offering—Tether Gold —demonstrates measurable growth. As of the end of June 2025, around 246,524 XAU₮ tokens were in circulation, each representing one fine troy ounce of physical gold; the total backing equates to more than 7.66 metric tonnes of gold. A paraphrase of the headline above encapsulates the thrust: Tether eyes gold mining expansion.
A Chinese state-sponsored cyber-espionage group known as Salt Typhoon almost surely infiltrated Canadian telecommunications systems during the campaign that exfiltrated data belonging to millions of Americans. The intrusion, part of the broader Chinese-backed hackers almost certainly breached Canadian networks operation, raises alarm over the growing reach and sophistication of cross-border cyber-threats. The FBI and Canada’s Centre for Cyber Security have attributed the breach in Canada to Salt […]
Dubai Holding Asset Management has unveiled Dubai Retail as the new unified brand bringing together more than 40 malls and lifestyle destinations across the emirate. This consolidation stems from the 2024 integration of Nakheel and Meydan into Dubai Holding, aimed at driving scalability, efficiency and long-term competitiveness across its retail operations. The newly branded network spans 10 malls, 15 lifestyle destinations and 18 community-focused retail centres, housing […]
Abu Dhabi state oil giant ADNOC criticised the European Commission’s antitrust investigators for issuing what it described as excessive and intrusive information demands in their examination of its €14.7 billion bid for Covestro. The company cautioned that such regulatory pressure could endanger the takeover. Under the EU’s Foreign Subsidies Regulation, the Commission is scrutinising whether ADNOC benefited from unfair advantages—such as an unlimited UAE government guarantee and […]
Swiss institutions have launched Apertus, one of Europe’s most extensive fully open language models, offering a transparent alternative to proprietary AI platforms. Available in two configurations—8 billion and 70 billion parameters—it is comparable in scale to Meta’s Llama 3 from 2024, yet distinguishes itself through open design, public availability, and lawful compliance. Swiss Initiative Unveils Major Open-Source AI Model, a fitting restatement of the headline, underscores this […]
Abu Dhabi National Oil Company has entered an agreement with RIQ to secure over $500 million in risk coverage across the next ten years. The AI-driven reinsurance platform, backed by International Holding Company, will work closely with ADNOC to structure capital-efficient protection tailored to complex operational, climate-related and specialty risks using advanced modelling and AI-augmented underwriting. ADNOC Secures $500 Million AI-Driven Reinsurance Pact embodies this forward-looking collaboration […]
Dream Security and other cybersecurity analysts have identified a widely distributed, Iran-linked spear-phishing campaign that exploited a compromised Ministry of Foreign Affairs mailbox in Paris. The operation impersonated legitimate Omani diplomatic communication to deliver malware-laden Word documents to government, diplomatic, and multilateral institutions across Europe, Africa, Asia, the Americas, and international organisations such as the UN and World Bank. The campaign’s scale, timing, and technical sophistication reflect […]
Chess.com has confirmed that cyber-attackers exploited a third-party file-transfer application, exposing personal details of 4,541 users—including at least one individual in Maine. The breach occurred on 5 June 2025, with a second intrusion on 18 June 2025, but came to light only on 19 June, when an internal investigation began. Chess.com breach exposes personal data of 4,541 users remained unnoticed until that date. Chess.com operates from Orem, […]
A high-level delegation from Dubai Electricity and Water Authority, led by MD & CEO HE Saeed Mohammed Al Tayer, is in the People’s Republic of China to boost collaboration with leading firms in solar and battery storage technology. The mission aims to support Dubai’s clean energy ambitions under its 2050 strategies by examining advanced practices in renewable energy systems. DEWA Seeks Deeper Energy Ties With Chinese Firms, as the delegation intends, marks a pivotal move in cross-border energy engagement.
Al Tayer and his team engaged with Huawei, BYD, Tesla’s battery energy storage plant, Sungrow, and the CRRC Zhuzhou Institute to survey cutting-edge developments in photovoltaic panels, energy storage solutions, artificial intelligence applications, smart infrastructure, and Fourth Industrial Revolution advancements. These interactions reinforce DEWA’s commitment to integrating global expertise into its operations.
The delegation includes prominent executives such as Waleed bin Salman, Executive Vice President of Business Development and Excellence; Hussain Lootah, Executive Vice President of Transmission Power; Marwan bin Haidar, Executive Vice President of Innovation and the Future; Dr Yousef Al Akraf, Executive Vice President of Business Support and Human Resources; Mohammed Jamea, Vice President of Clean Energy and Diversification; and Ghanim Al Qassim, Senior Manager of Solar Energy. Their breadth of expertise equips DEWA to absorb and apply technological insights strategically.
Central to the discussions is the seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park, currently at the tendering stage. This phase will incorporate 2,000 MW of photovoltaic solar capacity alongside 1,400 MW of battery energy storage, delivering six hours of storage—establishing it among the largest solar-plus-storage projects globally under the independent power producer model. The delegation’s visit underscores this project’s importance in shaping Dubai’s sustainable energy future.
BERLIN, GERMANY – Media OutReach Newswire – 5 September 2025 – At IFA 2025, global premium mobile accessory brand PITAKA debuts its all-new iPhone 17 aramid fiber case series, showcasing cutting-edge material engineering, innovative functionality, and sustainable design. This year, PITAKA introduces a fully upgraded aramid fiber weaving process, Fusion Weave – LightRipple, along with the world’s first application of its proprietary PitaTap™ technology on the Camera […]
