The European Union has urged the United States to reconsider its decision to deny visas to Palestinian President Mahmoud Abbas and other Palestinian officials seeking to attend the United Nations General Assembly in New York, intensifying diplomatic pressure on Washington before the gathering. Anouar El Anouni, a spokesman for the European External Action Service, said on Saturday that the bloc regretted the extension of the visa denial […]
CrowdSec has said a supply-chain attack involving compromised TanStack npm packages led to the unauthorised copying of about 170 private GitHub repositories after credentials linked to a departing employee were exposed. The cybersecurity company said its investigation, completed with assistance from GitHub, traced the breach to an OAuth token obtained after the employee’s account was compromised in the May TanStack attack. The repositories were downloaded on May […]
Aldar has set Saadiyat Grove, its new luxury retail and fine-dining destination in Abu Dhabi’s Saadiyat Cultural District, for a fourth-quarter 2026 opening, with more than 100 global brands and 20 concepts entering the region for the first time. The development will sit between Louvre Abu Dhabi, Zayed National Museum and Guggenheim Abu Dhabi, with Natural History Museum Abu Dhabi and teamLab Phenomena Abu Dhabi close by. […]
OpenAI has asked a federal judge in California to dismiss lawsuits brought by survivors and families affected by the Tumbler Ridge mass shooting, arguing that British Columbia is the appropriate forum for claims arising from the February attack. Motions filed in the US District Court for the Northern District of California invoke the doctrine of forum non conveniens, which allows a court to decline a case when […]
More than 2,000 African business leaders, heads of state, investors and policymakers are set to gather in New York on September 20 and 21 for Unstoppable Africa 2026, with investment, trade and ownership of African value chains at the centre of the agenda. The fifth edition of the Global Africa Business Initiative’s flagship forum will be held at the New York Marriott Marquis during the opening of […]
Dr. Julie Xing, Global Board Chairman and CEO Discusses New Pathways to High-Quality Growth with Global Business Leaders
GUANGZHOU, CHINA – Media OutReach Newswire – 17 September 2026 – Lee Kum Kee Sauce (“Lee Kum Kee”), the century-old sauce brand and the only sauce and condiments brand among this year’s Forum partners, actively participated in the 2026 Fortune Global 500 Forum, held on September 16 in Guangzhou, China. Julie Xing, Ph.D., Global Board Chairman and Chief Executive Officer of Lee Kum Kee Sauce, was invited to speak at a panel discussion and to attend the Most Powerful Women (MPW) Breakfast, joining other leading global business leaders to explore the key pathways for enterprises to achieve sustainable growth.
Dr. Julie Xing, Global Board Chairman and Chief Executive Officer of Lee Kum Kee Sauce, speaks at the panel discussion of the 2026 Fortune Global 500 Forum, exchanging insights with industry leaders.
Under the theme “The New Growth Equation”, this year’s forum brought Dr. Xing and three other industry leaders, including Pingyi Huang, Senior Vice President of Shandong Weiqiao Pioneering Group Co., Ltd.; Weiming Xiang, Vice President, GE Aerospace and President, GE Aerospace Greater China; and John Qu, Senior Partner, McKinsey & Company, for a panel discussion titled “The Invisible Moat: Revaluing Soft Power and Sustainability”. Moderated by Wei Yue, Senior Editor at Fortune China, the discussion explored what truly constitutes long-term advantages that can withstand cycles amid rapid technological iteration and intensifying competition. Topics spanned brand trust and consumer mindshare in consumer goods, data insights and organizational transformation in the AI era, and the pathways and stages of globalization for Chinese enterprises.
During the panel discussion, Dr. Xing points out that a true moat is a 360-degree, multi-dimensional structure built on product quality, consumer experience, emotional value, and innovative scenarios. (Photo credit: Fortune Global 500 Forum)
“In an era where almost everything can be replicated, consumers’ mindshare and trust cannot,” Dr. Xing said during the discussion. “The real moat is not just the product itself — it is a 360-degree, multi-dimensional moat built on product quality, consumer experience, emotional value and innovative scenarios.” She added that AI is bringing disruptive changes from consumer insights to organizational structure, and that future-ready organizations must embrace a flatter structure powered by AI agents, redirecting freed-up resources toward strategic decision-making and long-term value creation.
On the topic of Chinese enterprise globalization, Dr. Xing shared a three-stage pathway from product export to local manufacturing to glocalization, emphasizing that true globalization means deeply understanding local consumers and serving local markets with local insights.
Dr. Julie Xing, named to the 2026 Fortune China MPW list, attends the MPW Breakfast and shares her thoughts on corporate competitiveness in the AI era. (Photo credit: Fortune Global 500 Forum)
During the Forum, Dr. Xing was invited to share her insights at the MPW Breakfast themed “Decision-Making Power in the Age of Efficiency”, where she joined leaders from across industries to discuss opportunities and challenges for businesses in the new era. She highlighted that while AI enhances operational efficiency, human judgment, leadership and long-termism remain more critical competitive advantages.
As a recipient of the 2026 Fortune China’s MPW list, Dr. Xing has earned this recognition for three consecutive years. Launched in 2010, the MPW list is regarded as one of the most representative rankings of women business leaders in China.
The Fortune Global 500 Forum this year brought together representatives from over 350 leading global companies, academic institutions, and business leaders worldwide. Discussions focused on topics including artificial intelligence, global supply chain transformation, sustainable development, and opportunities in emerging markets.
Looking ahead, Lee Kum Kee will continue to uphold its commitment to quality and innovation. Alongside driving business growth, the company will further deepen its sustainability practices, nurture talent, and enhance corporate governance, working with all stakeholders to forge new pathways to high-quality growth. Hashtag: #LeeKumKee #LKK
The issuer is solely responsible for the content of this announcement.
About Lee Kum Kee Sauce
Lee Kum Kee Sauce is the global gateway to Asian culinary culture, dedicated to promoting Chinese culinary culture worldwide. Since 1888, it has brought people together over joyful reunions, shared traditions and memorable meals. Beloved by consumers and chefs alike, Lee Kum Kee Sauce’s range of more than 300 sauces and condiments sparks creativity in kitchens everywhere, inspiring professional and home chefs to experiment, create and delight. Headquartered in Hong Kong, China and serving over 100 countries and regions, Lee Kum Kee Sauce’s rich heritage, unwavering commitment to quality, sustainable practices and “Constant Entrepreneurship” combine to enable superior experiences through Asian cuisine for people worldwide. For more information, please visit www.LKK.com.
About Fortune
Fortune is the premier global media company for global business leaders, built on a 96-year-old legacy of trusted, award-winning journalism. Independently owned, Fortune tells the story of business, spanning legacy companies to the world’s new generation of innovators. Fortune measures corporate performance through rigorous benchmarks, and holds companies accountable, in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World’s Most Admired Companies. Fortune builds world-class communities by convening industry thought leaders for exclusive summits and conferences, including the Fortune Global Forum, Fortune Brainstorm Tech, and Fortune Most Powerful Women. For more information, visit fortune.com.
The Africa Women Innovation and Entrepreneurship Forum has named Rania Al-Mashat, Magda Wierzycka and Judy Dlamini as keynote speakers for its 2026 conference in Cape Town, setting the headline line-up for the annual gathering focused on women-led enterprise and economic participation. The two-day Conference, Expo and Awards will take place on November 10 and 11 at the Cape Town International Convention Centre, with organisers expecting more than […]
By TN Ashok The 18th BRICS Summit, held at Bharat Mandapam in New Delhi on September 12–13, 2026, was never going to escape Washington’s shadow — and it didn’t. Even as Prime Minister Narendra Modi steered eleven member states toward a unanimously adopted New Delhi Declaration that pointedly avoided naming the United States, President Donald […]
BRICS leaders have placed development priorities of emerging economies at the centre of their New Delhi agenda, endorsing stronger representation for the Global South while advancing cooperation on trade, technology, finance and sustainable growth.
Chinese President Xi Jinping used the 18th BRICS Summit to argue that countries should pursue development paths suited to their own national conditions, a message that overlapped with the summit’s broader emphasis on policy autonomy, inclusive growth and reform of global institutions.
Addressing the first leaders’ session on September 12, Xi marked 20 years of BRICS cooperation and said members had strengthened themselves through unity while preserving independence in choosing their economic and social models. He described BRICS as an increasingly important platform for emerging markets and developing countries.
The summit’s New Delhi Declaration gave that theme wider institutional form. Leaders called for a more representative international order, greater participation by developing countries in global decision-making and reforms to institutions including the United Nations, World Trade Organization and international financial architecture.
The declaration also reflected the diversity within the expanded grouping. Rather than prescribing a single model of development, BRICS leaders stressed national circumstances, differing capacities and the need for policy space, particularly in areas such as energy transition, industrialisation and climate action. That approach broadly matched Xi’s argument that development strategies should reflect domestic conditions rather than external templates.
Xi sought to extend the idea into technology policy. He proposed an initiative on artificial intelligence-enabled industrialisation, deeper cooperation in research and applications, and stronger industrial and supply-chain links. China also promoted open-source AI collaboration and international platforms intended to improve access to emerging technologies for developing economies.
Other leaders framed similar priorities through their own national perspectives. Prime Minister Narendra Modi emphasised resilience, innovation, cooperation and sustainability, the four themes of India’s 2026 BRICS chairship, and called for solutions developed within the grouping to serve a wider range of developing countries. He also urged members to translate summit commitments into practical programmes.
BRICS members agreed on measures spanning digital cooperation, food and energy security, health, trade facilitation and the use of local currencies in cross-border transactions. The declaration supported stronger payment connectivity while stopping short of endorsing a common BRICS currency.
The economic agenda also underlined the practical test facing the grouping. Members backed use of national currencies in trade and investment, stronger cooperation through the New Development Bank and efforts to improve financial resilience. Such measures are intended to widen financing options for developing economies without committing members to a single monetary framework or common currency.
The expanded bloc now brings together countries with sharply different political systems, strategic alignments and economic structures. That breadth gives BRICS a larger claim to represent developing-country concerns, but it also limits how far members can converge on detailed policy prescriptions. Analysts have noted differences over whether the group should remain primarily an economic and development forum or assume a stronger geopolitical role.
Those tensions were visible alongside the development agenda. Leaders opposed protectionism and unilateral economic measures, supported a stronger multilateral trading system and called for reforms that would increase the voice of developing countries. At the same time, members avoided turning the summit into a unified ideological platform, relying instead on consensus language broad enough to accommodate competing interests.
Xi’s second summit intervention on September 13 placed a “people-centred” development philosophy within a wider call for Global South cooperation. He urged progress on the UN Sustainable Development Goals, improvements to global climate governance and a consensus-based framework for governing artificial intelligence.
China’s approach also carries strategic implications. Beijing has increasingly used BRICS and other multilateral forums to promote its views on development, sovereignty and global governance. Some members share its criticism of unequal representation in international institutions, while others remain cautious about allowing BRICS to become identified with any single country’s geopolitical agenda.
Arabian Post Staff -Dubai Dubai will host the third Quantum Innovation Summit from September 28 to 30, bringing government bodies, researchers, technology companies and investors together as the UAE expands work on quantum computing, secure communications and post-quantum cybersecurity. The event will be held at the Grand Hyatt Dubai Conference & Exhibition Centre and is hosted by the UAE Cyber Security Council for a second consecutive year, […]
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Commerce and Industry Minister Piyush Goyal has urged BRICS members and partner countries to link payment systems, expand local-currency trade and open markets more widely as India presses for stronger economic integration across the grouping.
Addressing the BRICS Business Forum in New Delhi, Goyal said greater connectivity between national payment networks, including systems modelled on India’s Unified Payments Interface, could lower friction in cross-border commerce while supporting wider use of members’ own currencies.
His proposals were aligned with the economic agenda carried into the BRICS summit, where leaders backed further work on facilitating trade and investment settlements in local currencies and improving interoperability between payment systems. The approach stops short of creating a common BRICS currency and instead focuses on practical links between existing financial infrastructures.
BRICS leaders encouraged the New Development Bank to expand local-currency financing and diversify its funding base, complementing efforts to make cross-border payments faster, cheaper and safer. Officials have stressed that the objective is not a single currency, but greater use of national currencies where commercially practical and mutually agreed.
Goyal said UPI now handles more than 250 billion transactions annually and is accepted in 11 countries. He urged BRICS economies to explore linking their payment networks, promote trade in each other’s currencies and expand digital commerce alongside cooperation in emerging technologies.
The minister coupled the payments proposal with a call for easier market access. He said BRICS economies should open their markets to one another’s products, including raw materials and critical minerals, while simplifying regulatory procedures and accelerating the clearance of consignments.
Goyal argued that resilient supply chains required two-way trade rather than dependence on one-sided flows. He said non-tariff measures impose higher export costs than tariffs in 88 per cent of countries, making regulatory obstacles and customs delays a central concern for companies seeking to trade across BRICS markets.
The push comes as intra-BRICS commerce has expanded sharply. Commerce Secretary Rajesh Agrawal said trade among BRICS countries rose from $84 billion in 2003 to nearly $1.2 trillion in 2024, underscoring both the scale of the bloc’s market and the potential gains from reducing transaction and financing costs.
Agrawal also highlighted the global trade-finance gap, estimated at about $2.5 trillion, and said BRICS should improve access to affordable working capital for exporters. The Jaipur Consensus, agreed by BRICS trade ministers in August, provides a basis for examining a common mechanism to help smaller businesses obtain finance against confirmed orders and reliable payment records.
Trade ministers have also advanced a 2026-2030 action plan on global value chains, including BRICS Connect, business-to-business partnerships, digital trade documentation and possible platforms for strategic supply chains and investment promotion. These measures form part of a broader effort to make trade flows more diversified and less vulnerable to disruption.
Goyal identified agriculture, pharmaceuticals, engineering, electronics, automobiles, auto components and services as sectors with scope for deeper cooperation. He called for closer links between startup ecosystems and urged agri-tech companies to work jointly on solutions for farmers and food security.
Services trade was another priority. Goyal said BRICS members should make it easier for professionals to move across borders and work towards greater recognition of professional qualifications, arguing that services markets needed to become more genuinely accessible.
External Affairs Minister S. Jaishankar, speaking at the same forum, said supply-chain connectivity, trade facilitation and innovation had become central to BRICS cooperation. He also pointed to digital public infrastructure, artificial intelligence, financial technology and advanced manufacturing as areas offering opportunities alongside questions of standards, security and trust.
Russia’s Economic Development Minister Maxim Reshetnikov separately supported stronger alternative payment arrangements, saying the share of Russia’s export settlements conducted in dollars and euros had fallen sharply over the past three years. He also promoted work on a proposed BRICS grain exchange and closer cooperation among special economic zones.
Modi pressed Iranian President Masoud Pezeshkian to support freedom of navigation, uninterrupted commerce and the safety of seafarers as the two leaders met in New Delhi on Friday amid continuing conflict and shipping disruption across West Asia.
The talks, held on the sidelines of the BRICS summit, focused on bilateral relations and the regional security situation. India’s Prime Minister reiterated that disputes should be resolved through dialogue and diplomacy and called for sustained efforts to secure lasting peace and stability, according to an official statement issued after the meeting.
Modi specifically highlighted the need to safeguard freedom of navigation and commerce and the safety and well-being of seafarers. The issue has become a central concern for New Delhi as attacks on commercial vessels and disruption to maritime routes in the region have affected trade and put crews at risk.
The meeting was Modi and Pezeshkian’s second in less than two weeks. They had met on August 31 on the sidelines of the Shanghai Cooperation Organisation summit in Bishkek, where Modi also raised the protection of commercial shipping and seafarers and urged a diplomatic approach to the West Asia conflict.
Friday’s discussion came as the conflict involving Iran, the United States and Israel continued to place pressure on strategic waterways and supply routes. India has sought to maintain working relations with Iran while also preserving close ties with Israel and Arab states, making maritime security and regional stability important economic as well as diplomatic priorities.
At least 10 nationals of India have been killed in attacks on vessels transiting the region during the conflict. New Delhi has condemned attacks affecting Gulf countries, energy infrastructure and commercial shipping, while repeatedly calling for de-escalation and protection of civilians and maritime workers.
The maritime threat has sharpened concerns over energy shipments through Gulf waters that remain critical to India’s oil and gas imports.
Modi reinforced the same message earlier on Friday at the BRICS Business Forum, saying global trade could advance only when sea lanes were secure, supply routes remained open and seafarers were safe. He described India as a firm supporter of freedom of navigation and the safety of maritime crews.
Pezeshkian, who was making his first visit to India as president, used his participation in BRICS meetings to press for stronger economic cooperation among members and protection of legitimate trade from political and military pressure. He argued that the grouping’s strength would be demonstrated by converting economic capacity into functioning networks for trade, investment and joint financing.
The Iranian president also called for greater use of national currencies in trade among BRICS members and said Tehran was prepared to work as a strategic partner in energy and transport supply chains. His remarks reflected Iran’s effort to reduce exposure to sanctions and other constraints on cross-border commerce.
During the bilateral meeting, Modi thanked Iran for maintaining high-level participation in BRICS-related meetings despite difficult circumstances. He said the grouping could strengthen resilience, innovation, cooperation and sustainability among countries of the Global South.
The two leaders also reviewed broader bilateral ties and cooperation in multilateral organisations. Modi welcomed continuing coordination on issues of mutual interest within BRICS, where Iran is a full member alongside Brazil, Russia, India, China, South Africa and other states that have joined the expanded grouping.
The talks followed Pezeshkian’s participation in the Leaders’ Session of the BRICS Business Forum. Modi thanked him for attending and said engagement between the two countries should continue across bilateral and multilateral channels.
The New Delhi meeting also built on the August 31 discussions in Bishkek, when Pezeshkian told Modi that Tehran favoured a negotiated solution to its confrontation with the United States. Modi at that meeting expressed concern over escalating tensions and said civilians, civilian infrastructure, commercial shipping and seafarers should not be harmed.
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By Dr. Gyan Pathak With all talks between the United Forum of Banks Unions (UFBU) and Indian Banks’ Association (IBA), Department of Financial Services (DFS), and Central Labour Commissioner under the Union Ministry of Labour and Employment failed, the Public Sector Banks in India have issued alerts for possible disruption of banking operations during all […]
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Arabian Post Staff -Dubai The United Arab Emirates is accelerating alternative routes for energy exports and trade to reduce its exposure to disruption from the war with Iran, presidential adviser Anwar Gargash said on Monday. “Our energy exports will not be held hostage, nor will our trade and economic activity,” Gargash told the Hili Forum in Abu Dhabi, saying the government was expanding port capacity on the […]
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Arabian Post Staff -Dubai Kuwait Finance House-Bahrain has joined Fintech Forward 2026 as a Diamond Sponsor, adding its backing to the fourth edition of Bahrain’s flagship financial services forum scheduled for October 7 and 8. The bank said it will also operate a pavilion in the exhibition area at Exhibition World Bahrain, where visitors will be able to learn about its digital banking services and technology-led offerings. […]
Arabian Post Staff -Dubai Al Mazunah Free Zone has lifted cumulative investment above OMR141 million after localising four new projects in the first half of 2026, according to figures released by its operator, the Public Establishment for Industrial Estates, or Madayn. The four projects carry investment of more than OMR620,000 and cover industrial and logistics activities as well as export offices. Together they will occupy more than […]