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By K Raveendran The sharp note of disappointment sounded by Scott Bessent over the India–European Union free trade agreement says less about a single deal and more about a changing geometry of power in the global economy. At one level, Washington’s frustration reflects a familiar concern that sanctions and trade penalties are losing their bite […]

The article India-EU Free Trade Deal Redraws Balance Of Economic Power appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Austria’s Supreme Court has ruled that loot boxes in the FIFA video game series do not constitute gambling under national law, holding that the mechanics require a degree of player skill and therefore fall outside the legal definition of games of chance. The judgment by the Oberster Gerichtshof, Austria’s highest civil court, addresses a long-running dispute over FIFA’s Ultimate Team mode, where players can acquire virtual packs […]

Bitcoin could reach $6.5 million within two decades, according to Matt Hougan, the chief investment officer at Bitwise, who argues that the asset’s structural supply limits and expanding institutional demand outweigh cyclical volatility. Hougan’s outlook lands after a punishing year for digital assets in 2025, when tighter financial conditions, regulatory uncertainty and a cooling risk appetite weighed on prices. He expects a period of sideways trading to […]

Federal authorities have taken legal control of assets valued at roughly $400 million that prosecutors say were generated through a darknet cryptocurrency mixing service known as Helix, marking one of the largest forfeiture actions tied to illicit crypto activity. The Department of Justice said the haul spans digital currency, cash-equivalent instruments and property interests traced to transactions that laundered proceeds from online drug markets. According to court […]

Arabian Post Staff -Dubai Abu Dhabi has approved the consolidation of Abu Dhabi Developmental Holding Group’s portfolio under a newly created sovereign investor, L’IMAD, a move designed to sharpen capital allocation and scale the emirate’s investment reach across strategic sectors. The decision was issued by the Supreme Council for Financial and Economic Affairs, the body that sets public policy on finance, investment, the economy, petroleum and natural […]

Matein Khalid Something is dangerously wrong in a world where the price of gold rises 30% and silver surges a surreal 65% in a single month, as we witnessed in January 2026. True, an American carrier strike force with a full complement of 80 F-18 Hornet war planes and missile destroyers laden with Tomahawk cruise missiles has sailed from the South China Sea into the Gulf. Once […]

Sony is keeping the PlayStation 6 firmly out of public view even as speculation over its arrival intensifies, with industry signals suggesting the company is prioritising longevity and performance gains for the PlayStation 5 rather than rushing a generational shift. Market expectations have clustered around a PS6 launch window between 2027 and 2029, but Sony’s current strategy points to a longer runway for the PS5, underpinned by […]

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Donald Trump has chosen former Federal Reserve governor Kevin Warsh to succeed Jerome Powell as chair of the US central bank when Powell’s term concludes in May, signalling a sharp shift in tone at the Fed and reviving a long-running debate over the institution’s independence and policy direction. The selection places a frequent critic of the Fed’s crisis-era interventions at the helm of the world’s most influential […]

Dr C. J. Roy, the founder and chairman of Bengaluru-based Confident Group, died by suicide at his company office on Friday as officials from the Income Tax Department were conducting searches and questioning him, police and local authorities said. The 57-year-old was found with a gunshot wound inside his Langford Road office near Richmond Circle and was declared dead after being rushed to a hospital in HSR Layout. Authorities have launched a full investigation into the circumstances of his death, with forensic teams completing initial examinations and a post-mortem underway.

Police said staff heard a shot during the afternoon and alerted authorities, who found Roy injured in an inner room. He had reportedly been retrieving documents at the request of investigators when the incident occurred. Bengaluru Police Commissioner Seemant Kumar Singh described the case as a suspected suicide, noting that formal determinations will follow once the investigation and autopsy are complete. No suicide note has been confirmed at this stage.

The Income Tax Department’s presence at the Confident Group’s premises was part of a broad examination of financial records and compliance, which has extended over several days, according to law enforcement sources. Officers from the department were reviewing documentation linked to tax filings and other regulatory matters when Roy took his life. While some observers have drawn a link between the tax probe and his actions, senior police officials emphasised that motive has not been officially established and will be determined through detailed inquiry.

Confident Group has been a prominent name in the real estate sector for nearly two decades. Founded by Roy in 2005, the company grew from regional developments in Karnataka and Kerala to a diversified conglomerate with interests spanning residential and commercial real estate, hospitality and international ventures. The group’s portfolio included a large number of projects across southern India, and it had expanded into markets such as the UAE and the United States as part of its global strategy.

Roy, born Chiriankandath Joseph Roy and originally from Kerala, was widely recognised within Indian and international business communities. He held a PhD and had previously worked in the corporate sector before building his own enterprise into a major developer known for its ambitious projects and rapid growth. Beyond real estate, Roy was active in film production, backing several Malayalam films, and was seen as a cultural figure in his home state’s entertainment circles.

Industry analysts said the shock of his death will be felt across the real estate sector, where business leaders are already navigating a complex regulatory environment. The dual pressures of compliance with income tax requirements and ongoing litigation in tax and financial courts had placed significant strain on the leadership of Confident Group in recent months. Commentators on social media and industry platforms highlighted the need for greater support systems for executives coping with legal and financial scrutiny, although specific links between the probe and Roy’s decision are yet to be confirmed by officials.

Confident Group’s operations included a mix of residential communities, commercial complexes and mixed-use developments, with the company touting a “zero-debt” business approach that set it apart from many competitors in a sector often challenged by leveraged growth models. The firm’s international footprint, including property development in Dubai, had positioned it as a notable player in cross-border real estate development.

Family representatives and close associates have been approached by investigators as part of the inquiry, and police have indicated that statements from relatives and colleagues are being recorded to build a clearer picture of Roy’s state of mind and the events leading up to his death. As the probe continues, authorities have pledged to share further details when available.

Arabian Post Staff -Dubai A new investment cooperation pact between the United Arab Emirates and Scotland aims to widen capital flows, align priority sectors and give institutional backing to a growing commercial relationship between the Gulf state and one of the UK’s devolved governments. The Memorandum of Understanding was signed by the UAE Ministry of Investment and the Scottish Government, setting out a framework to promote two-way […]

President Donald Trump is close to nominating Kevin Warsh as the next Federal Reserve chair, and markets have already delivered a verdict. Stocks and bonds dipped while the dollar strengthened as investors priced in a chair perceived as less inclined toward deep interest-rate cuts. This reaction matters. A Fed chair perceived as less willing to ease policy, tightens financial conditions before a single decision is made. As […]

atNorth has unveiled plans to build a new high-density data centre in Stockholm, strengthening its Nordic presence as cloud providers, enterprises and artificial intelligence developers push demand for low-carbon digital infrastructure across Europe. The Iceland-based operator said the Stockholm facility would be designed to support compute-intensive workloads, including high-performance computing and AI training, with a focus on energy efficiency and heat reuse. The project adds to atNorth’s […]

SpaceX is weighing internal consolidation across Elon Musk’s corporate universe as it prepares for what investors describe as one of the largest public listings ever attempted, with discussions touching on potential combinations involving Tesla or the artificial intelligence venture xAI, according to people familiar with the matter. The deliberations, still exploratory, reflect a broader strategy to position SpaceX as the backbone of a vertically integrated space, energy […]

Budapest’s mayor, Gergely Karácsony, now confronts formal charges from Hungarian prosecutors for organising and leading a Pride march that defied a government-imposed ban under new assembly laws last June, officials confirmed this week. Prosecutors have proposed fining Karácsony without a full court hearing, accusing him of violating the law on freedom of association and assembly by staging a public gathering despite an explicit police prohibition. The legal […]

Bitcoin slid during Asian trading on Friday as speculation over the future leadership of the United States central bank unsettled risk appetite across global markets, adding to a cautious tone already shaped by shifting expectations for interest rates and liquidity. The world’s largest cryptocurrency fell below the psychological $40,000 level before stabilising, with traders pointing to heightened volatility after reports and commentary suggested renewed political debate around […]

Central Bank of the UAE has rolled out the region’s first biometric payment system based on facial and palm recognition, marking a significant shift in how retail transactions may be authenticated across the country. The initiative aligns with the UAE Digital Economy Strategy and the central bank’s wider effort to create a secure, inclusive and innovation-led payments ecosystem, while reducing reliance on cards, cash and mobile devices. […]

A significant wave of liquidations surged through global cryptocurrency markets as leveraged long positions worth about $140 million were wiped out within a single hour, underscoring sharp price swings and persistent volatility that have unsettled traders and risk models alike. The liquidation event affected tens of thousands of leveraged accounts and came amid rapid price fluctuations in major digital assets, particularly Bitcoin and Ethereum, with derivatives trading […]

  Kaspersky has introduced a new online tool aimed at helping industrial companies in the Middle East quantify cyber risk in operational technology environments, as manufacturers, energy firms and utilities face mounting pressure to justify cybersecurity spending with clearer financial metrics. The cybersecurity company said the OT Cybersecurity Savings Calculator is designed to translate technical exposure in industrial control systems into potential monetary losses, allowing executives to […]

Champions Youth Football Development across Hong Kong and the Chinese Mainland

HONG KONG SAR – Media OutReach Newswire – 29 January 2026 – CTF Life announced today the extension of its exclusive collaboration with PSG Academy (GBA, China) to continue bringing Paris Saint-Germain Academy football training programmes and related sports initiatives to Hong Kong and all cities across the Chinese Mainland. The strengthened three-year collaboration with one of the world’s leading football academies marks a significant milestone in CTF Life’s ongoing commitment to cultivating the holistic development of young football talent through structured, high-quality training programmes, empowering them to pursue their ambitions and realise their dreams.

The programme will potentially reach around 10 million students from schools, corporations, residential complex, etc. across Hong Kong, Macau and the Chinese Mainland, helping them strengthen their football skills and amplify their enthusiasm for the sport. In addition to regular training, the collaboration will also offer young participants a range of exclusive international experiences, including participation in the annual PSG Academy World Cup tournaments held in Paris, visits to Paris Saint-Germain’s home stadium in Paris and meet-and-greet sessions with global football stars.

Man Kit Ip, Executive Director and Chief Executive Officer of CTF Life, said, “CTF Life’s extended collaboration with PSG Academy (GBA, China) underscores our longstanding dedication to youth development through sport. By deepening this exclusive collaboration, we are opening meaningful pathways for the next generation of football talents across Hong Kong and the Chinese Mainland – combining on-the-ground training with one-of-a-kind experiences that inspire ambition, broaden horizons and build confidence, resilience and teamwork – exemplifying our commitment to creating value beyond dreams, an aspiration that stems from our brand promise to create value beyond insurance.”

Yannick Ngassa, Chief Executive Officer of PSG Academy (GBA, China), said, “Partnering with a forward-thinking insurer like CTF Life allows us to do more than just teach football; it allows us to build a solid foundation for the next generation. We share a common vision of empowering young people to pursue their ambitions with confidence. By expanding our academy across Hong Kong, Macau and Mainland China, we are collectively investing in the health, resilience, and future success of millions of students.”

Through sustained investment in meaningful and impactful youth initiatives, CTF Life continues to play an active role in advancing community wellbeing and long-term talent development – shaping a stronger, more inclusive future for young people and nurturing tomorrow’s champions.

Hashtag: #ChowTaiFookLife #ParisSaintGermainAcademy #YouthDevelopment #SportsEducation

The issuer is solely responsible for the content of this announcement.

About CTF Life

Chow Tai Fook Life Insurance Company Limited (“CTF Life”) is proud of its rich, 40-year legacy in Hong Kong. CTF Life is a wholly-owned subsidiary of CTF Services Limited (“CTFS”) (Hong Kong Stock Code: 659) and one of the most well-established life insurance companies in Hong Kong. As a member of Chow Tai Fook Enterprises Limited, CTF Life consistently strengthens its collaboration with the Chow Tai Fook Group ecosystem to support customers and their loved ones in navigating life’s journey with personalised planning solutions, lifelong protection and diverse lifestyle experiences. By leveraging the Group’s robust financial strength and strategic investments across the globe, CTF Life aspires to become a leading insurance company in Asia while continuously creating value beyond insurance.

About PSG Academy (GBA, China)

Dedicated to bringing the world-renowned Paris Saint-Germain training methodology to the region, PSG Academy (GBA, China) provides comprehensive football training for youth across Hong Kong , Macau and the Chinese Mainland. Led by Paris Saint-Germain Academy and UEFA-certified coaches, the programmes emphasize technical development, teamwork, and sportsmanship in a fun and educational environment, offering young players a unique pathway to international football experiences. www.psgacademyguangdong.com www.psgacademyhongkong.com

Chow Tai Fook Life Insurance Company Limited (Incorporated in Bermuda with limited liabil

Saudi Arabia has begun a broad recalibration of its most ambitious development schemes, signalling a more pragmatic approach to spending after months of official messaging about fiscal discipline. Authorities have ordered sweeping reviews across several headline projects spanning Neom, Jeddah and Riyadh, as pressure mounts to balance long-term transformation goals with near-term economic realities. The shift became visible with the decision to delay the 2029 Asian Winter […]

MEXICO CITY, MEXICO – Media OutReach Newswire – 29 January 2026 – As large AI models accelerate toward commercial application, intelligent algorithmic trading has made breakthrough progress in financial markets. Recently, Axis Quant AI announced the introduction of its product into cryptocurrency trading through API integration, marking a significant step toward more scalable applications of intelligent algorithms.

Unlike traditional trading tools, the core of Axis Quant AI lies in its dynamic algorithmic strategies. By continuously analyzing market data and leveraging API integration, Axis Quant AI connects cryptocurrency exchanges to form a comprehensive trading system covering decision-making, execution, and risk control.

The true value of intelligent algorithmic trading depends on long-term, stable returns. Previously, Axis Quant AI has conducted multiple batches of live account operations, demonstrating outstanding consistency in strategy execution and returns, attracting attention from numerous financial institutions and professional trading teams.

From the perspective of industry development, high volatility and round-the-clock trading have become the norm, making the limitations of manual operations increasingly apparent. Axis Quant AI has elevated intelligent algorithmic trading to a new level, demonstrating clear advantages in execution efficiency, discipline, and risk management.

Notably, the Axis Quant AI team stated in an interview that their current positioning is not to replace professional traders but to emphasize the role division of algorithmic systems within the trading framework. However, future product functions will inevitably become a core component of the financial trading market.

The product capabilities of Axis Quant AI are comprehensive and are entering a broader application phase. It is understood that multiple trading platforms and institutions have already initiated cooperation discussions. As AI algorithms transition from an “auxiliary role” to a “core function,” the trading methods in the crypto market will undergo a disruptive transformation.

The issuer is solely responsible for the content of this announcement.

Saudi Arabia is preparing draft proposals to widen eligibility for its premium residency programme, potentially extending long-term residency rights to groups ranging from superyacht owners and residents of flagship developments to high-performing international students, according to a person with direct knowledge of the deliberations. The plans, which remain under internal review and have not been finalised, are designed to draw sustained foreign capital and skilled residents into […]

Arabian Post Staff -Dubai Dubai has begun opening its high-value property market to smaller global investors by allowing completed homes to be bought and sold in fractional digital shares through blockchain-based platforms, a move that could reshape how international capital enters the emirate’s real estate sector. The approach, known as real-estate tokenisation, allows a finished apartment or villa to be divided into hundreds of digital units, each […]

Arabian Post Staff -Dubai Saudi-listed Saudi Arabian Refineries Company has moved to expand its property footprint after confirming the acquisition of a commercial land parcel in Riyadh for SAR 33 million, equivalent to about $8.8 million, following a successful public auction. The transaction places the capital’s commercial real estate market back in focus as listed companies selectively add assets aligned with long-term development and diversification strategies. The […]

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