News related to
data

Singapore tops list as most globalized country, reveals DHL Global Connectedness Report 2024

Hong Kong is ranked 10th – the only other Asian market in the top 10 most connected list Globalization reached a record high, despite pandemic and geopolitical conflict Current level of globalization at only 25 percent, citing large potential to continue growing global flows Evidence points to robust intra-Asia trade flows and intercontinental trade demand between Asia and the West SINGAPORE – Media OutReach Newswire – 13 […]

Singapore’s BIGO Sets Sights on Half-Billion Dollar Saudi Investment

Singapore-based livestreaming platform BIGO is making a major play for the Saudi Arabian market, aiming to invest a staggering $500 million over the next five years. This ambitious plan was announced at the LEAP 2024 tech conference in Riyadh, underscoring BIGO’s commitment to capturing a slice of the burgeoning Saudi entertainment sector. The investment will reportedly encompass the creation of 500 new jobs in the Kingdom. This […]

Surge in Bitcoin Investment Signals Return of Bull Market

The cryptocurrency market is abuzz with renewed optimism as Bitcoin, the world’s leading digital currency, experiences a significant surge in daily investment. Data indicates that capital inflows into Bitcoin have reached $2 billion, a level last witnessed during previous bull markets. Analysts predict that this trend is likely to continue, potentially reaching even greater heights, fueled by the much-anticipated introduction of spot exchange-traded funds (ETFs). Spot ETFs […]

Kingdom Rising: Saudi Arabia Unveils Vision for a High-Tech Future

Saudi Arabia is poised for a metamorphosis. Long known for its oil reserves and conservative traditions, the kingdom is now setting its sights on a future gleaming with innovation and futuristic megacities. This ambitious vision, spearheaded by Crown Prince Mohammed bin Salman’s “Vision 2030” plan, aims to diversify the economy, attract foreign investment, and position the country as a regional leader in technology and sustainability. The centerpiece […]

South Korea Cracks Down on Crypto Tax Evasion with New Virtual Asset System

South Korea’s National Tax Service (NTS) is taking a significant step towards clamping down on cryptocurrency tax evasion with the development of a virtual asset tax system. This system, expected to be operational by 2025, aims to enhance transparency in the burgeoning virtual asset market and ensure fair taxation practices. The move comes amidst a global surge in cryptocurrency investment, fueled in part by the recent approval […]

UAE and Chile Forge Alliance to Accelerate Energy Transition

The United Arab Emirates’ Ministry of Energy and Infrastructure (MoEI) and its Chilean counterpart have signed a momentous Memorandum of Understanding (MoU) aimed at propelling their respective energy sectors forward. This strategic partnership underscores a shared commitment to a sustainable energy future and leverages the unique strengths of both nations. The MoU establishes a framework for comprehensive collaboration across a range of energy-related disciplines. A cornerstone of […]

Tech Leader Forecasts Rapid AI Growth

Elon Musk, a prominent figure in the technology industry, has reignited discussions about artificial intelligence (AI) with his recent predictions on its development. In a social media post, Musk suggested that AI could surpass the cognitive abilities of individual humans within the next year. He further projected that by 2029, AI might even exceed the collective intelligence of all humanity combined. These statements echo similar sentiments expressed […]

Gemma: Google’s Latest Offering in the AI Market

Touted to be a gamechanger in the AI industry, Google recently unveiled Gemma an array of light-weight, state-of-the-art open models. Gemma’s introduction follows Google’s recent launch of Gemini 1.5, which boasts a context window of 1 million tokens, the largest ever seen in natural language processing models. Gemma, a chip off the old block, is born of the very technology and research upon which Gemini’s foundations are […]

HDBank increases ‘green’ credit to help popularise Vietnamese rice globally

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 13 March 2024 – The HCM City Development Joint Stock Commercial Bank (HDBank) has hiked its loan limits and promoted lending for rice production and export value chains to enable Vietnamese rice to reach the world. At the eighth congress of the Vietnam Farmers Union held in December 2023, HDBank launched its HDBank Rural Services, a specialised […]

Political Scene In Maharashtra Is More Complex Than Expected

M42 Unveils Personalized Microbiome Program for Optimal Gut Health

M42, a leading global health-tech company headquartered in Abu Dhabi, has taken a significant step towards revolutionizing gut health with the launch of its innovative Microbiome Wellness Program. This groundbreaking initiative leverages the power of cutting-edge DNA sequencing technology to provide individuals with personalized insights into their gut microbiome and, consequently, craft tailored plans for enhanced well-being. The program, currently offered at Mubadala Health Dubai, exemplifies M42’s […]

BlackRock’s Bitcoin ETF Soars Past 200,000 BTC Mark

BlackRock’s iShares Bitcoin Trust (IBIT), launched in February as part of a wave of U.S. spot Bitcoin ETFs, has surpassed a major milestone in its holdings. The fund now manages over 200,000 bitcoins (BTC), reflecting a strong investor appetite for the world’s leading cryptocurrency. This rapid accumulation highlights the growing interest in Bitcoin among institutional investors. BlackRock’s ETF, designed to provide a more traditional investment vehicle for […]

DAOX Exchange to Host 2024 Asia-Pacific Developer Conference

SINGAPORE – Media OutReach Newswire – 13 March 2024 – To strengthen platform security and provide more diverse services to the market, renowned cryptocurrency exchange DAOX has announced the hosting of an Asia-Pacific developer conference in May. With the rapid development of blockchain and cryptocurrencies, DAOX Exchange, as a decentralized digital securities asset trading service platform, is committed to providing users with a secure and reliable trading […]

Andertoons by Mark Anderson for Wed, 13 Mar 2024

Source – Patreon

Streamlined Song Rights: Spotify Embraces Blockchain for Artist Payments

Music streaming giant Spotify is making a splash in the world of blockchain technology. In a move designed to streamline artist compensation, Spotify has acquired Mediachain, a Brooklyn-based startup specializing in blockchain solutions for the music industry. This acquisition signals Spotify’s intent to leverage blockchain’s secure and transparent ledger system to revolutionize how artists are paid for their work. The current system for compensating artists on streaming […]

GC secures the Top 1% in S&P Global ESG Scores and is ranked as the No. 1 Sustainable Company out of 355 Chemical Companies Worldwide

BANGKOK, THAILAND – Media OutReach Newswire – 13 March 2024 – Dr. Kongkrapan Intarajang, CEO and President of PTT Global Chemical Public Company Limited or GC, revealed that GC has been ranked in the global sustainable company with a Top 1% S&P Global ESG Score, securing the No. 1 with the highest score among over 355 companies in the global chemicals sector. This reinforces the company’s reputation […]

Dubai Multi Commodities Centre Sees Influx of New Businesses

The Dubai Multi Commodities Centre (DMCC) witnessed a surge in new companies in 2023, solidifying its position as a leading business hub. With a record-breaking year nearly achieved, DMCC welcomed a staggering 2,692 new businesses, bringing the total number of companies in its district to over 24,000. This significant growth is attributed to a combination of factors. The launch of new industry-specific ecosystems catered to diverse business […]

JP Morgan CEO Throws Shade on Bitcoin’s Value

Jamie Dimon, CEO of financial giant JPMorgan Chase, reignited the debate on Bitcoin’s legitimacy during a recent interview. While acknowledging the right to invest in the cryptocurrency, Dimon expressed skepticism about its underlying value and potential benefits. “I don’t know what the bitcoin itself is for,” Dimon remarked, drawing a comparison to cigarettes. “I’ll defend your right to buy a bitcoin, just like I’d defend your right […]

NTT Launches Innovation Alliance Program to Establish a Collaborative Platform, Co-Creating Future-ready Innovations in Private 5G, AI, IoT and Edge within Hong Kong’s Tech Ecosystem

NTT Innovation Alliance Program creates a collaborative platform in Hong Kong, leveraging the company’s expertise and docomo business’ success in Hong Kong and Japan to co-create within a diverse tech ecosystem that encompasses enterprises, partners, universities and startups to commercialize future-ready solutions from Proof-of-Concept to the Go-to-Market stage. Partners in the program thus far include leading innovation hubs Cyberport and HKSTP, research center LSCM, academic research partners […]

Inflation Shows Signs of Cooling in February Report

The Bureau of Labor Statistics released its latest Consumer Price Index (CPI) data today, indicating a slight moderation in inflation. Year-over-year inflation came in at 3.1%, down from 3.5% in January. This is also marginally better than the forecasted rate of 3.2%. The monthly increase in prices remained steady at 0.4%, meeting analysts’ expectations. The report offers some relief to the Federal Reserve as it navigates the […]

Jockey Club Multiple Pathways Initiative “CLAP-TECH Pathway” Celebrates 5th Anniversary

HONG KONG SAR – Media OutReach Newswire – 12 March 2024 – The Jockey Club Multiple Pathways Initiative – CLAP-TECH Pathway (CLAP-TECH), funded by The Hong Kong Jockey Club Charities Trust, celebrated its fifth anniversary on Friday, 8 March. The ceremony was attended by over 130 industry partners and representatives from participating secondary schools, who shared how the programme has inspired students to pursue their dreams and […]

Property Boom in Dubai Fueled by Golden Visa Program

Dubai’s real estate market is experiencing a surge in demand thanks to the emirate’s Golden Visa program, which offers investors a 10-year residency permit. This influx of interest is causing a shift in both buyer behavior and developer strategies. Industry insiders report a growing trend of investors increasing their budgets to meet the minimum investment threshold of AED 2 million (USD 545,000) required for the Golden Visa. […]

New Yorkers treated to the US theatre debut of Modern Musical Dongpo: Life in Poems

MEISHAN, CHINA – Media OutReach Newswire – 12 March 2024 – In March 2024, an unprecedented visual feast will take place inside the Kennedy Center in DC and David H. Koch Theater in New York City’s Lincoln Center. There will be eight shows of the modern musical Dongpo: Life in Poems, a joint effort between the China Oriental Performing Arts Group Co., Ltd. and the MeiShan Song […]

Looming Day Zero? Bengaluru Faces its Worst Water Crisis

India’s IT hub, Bengaluru, is grappling with its most severe water shortage in its history. The city, founded by Kempe Gowda nearly 500 years ago, finds itself echoing the water woes of Cape Town in 2018. Over 30 localities are now on a strict alternate-day water supply, raising fears of a “Day Zero” – the day the taps run dry. Experts point to a confluence of factors […]