Hawaii’s effort to turn discarded fishing nets and household plastic into asphalt has moved from laboratory promise to road trials, offering the island chain a possible new use for marine debris while researchers test whether the material can be used without worsening microplastic pollution. The project, led by researchers at the Center for Marine Debris Research at Hawaiʻi Pacific University with the Hawaii Department of Transportation and […]
PlayStation 5 sales in the United States fell sharply in May, dropping to the weakest May performance for Sony’s console hardware since 2000, as higher prices and a maturing console cycle weighed on demand while Nintendo’s Switch 2 dominated the market. Unit sales of PlayStation 5 declined 58 per cent from a year earlier, while dollar sales fell 43 per cent. Xbox Series hardware also showed strain, […]
Tether is moving to turn its multibillion-dollar bullion base into an active lending instrument, with holders of its gold-backed XAU₮ token set to borrow against their digital claims on physical gold without selling the underlying asset. The plan extends the company’s tokenised gold strategy into collateralised credit, a market structure already familiar to holders of bitcoin who use digital assets to obtain liquidity while keeping exposure to […]
Arabian Post Staff -Dubai Iran and the United States exchanged fresh attacks on military targets across the Gulf, placing fragile ceasefire talks under severe strain and drawing Kuwait and Bahrain deeper into a confrontation already unsettling shipping, energy markets and regional diplomacy. The Islamic Revolutionary Guard Corps said on Sunday that its naval and aerospace units had launched missiles and drones at US-linked facilities, naming Ali Al […]
There is a particular kind of conversation happening in Munich, Vienna, and Zurich right now. A founder runs the numbers on another year of operating at home, looks at the tax line, the energy bill, and the months lost to permits and paperwork, and starts asking a question that would have seemed exotic a decade ago: what would it actually take to run this from Dubai? In […]
By K Raveendran India’s decision to initiate an anti-dumping investigation into cheap steel imports marks more than another defensive trade action. It is a reminder that globalisation, which New Delhi has often invoked when Indian exports face barriers abroad, becomes far more complicated when the pressure arrives at home. The steel case has exposed the […]
The article Steel Exposes Hard Limits Of Much-Vaunted Free Trade Piety appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Iraq has signalled that it may reconsider its position inside OPEC unless its production quota is lifted sharply, opening a new dispute inside the oil producers’ group at a time when war-related disruption in the Gulf has strained export revenues and weakened confidence in the cartel’s cohesion. The warning marks an unusually direct challenge from one of OPEC’s five founding members and its second-largest producer after Saudi […]
Simplifying Innovation: From Bioinformatics to Industrial Simulation
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SCNet.AI’s standout innovation lies in its proprietary AI4S application marketplace model. Much like mainstream e-commerce platforms that connect physical goods buyers and sellers, SCNet.AI matches computing power, datasets, research models and industry applications with researchers.
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Currently, hundreds of premium applications, datasets and model products have already been listed on the platform. Users can select research applications on demand just like browsing an e-commerce site, eliminating the need to build in-house computing clusters or hire dedicated operation and maintenance staff. Simple registration unlocks full access, drastically cutting the overall hidden AI4S cost.
To lower entry barriers for researchers worldwide, SCNet.AI offers a complimentary resource kit for all newly registered users, including 10M Tokens, 100 GPU Hours (AI Inference) and 100 CPU Core Hours (HPC). These resources can support dozens of inference runs for mainstream foundation models, lightweight model fine-tuning, or complete end-to-end CFD and molecular dynamics simulation experiments.
This promotion is valid from June 23 to July 23, 2026 and open exclusively to first-time registrants. Each new account entity is entitled to claim the resource kit only once. All redeemed resources expire 90 days after collection. Quantities are limited and will be distributed on a first-come, first-served basis until exhausted.
For full information, please visit our official website at www.scnet.ai.
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There is much to celebrate. This year marks the 50th anniversary of the Hong Kong International Dragon Boat Races as well as 35th anniversary of both the co-organiser, Hong Kong China Dragon Boat Association, and the sanctioning body, International Dragon Boat Federation (IDBF). The IDBF added to the occasion by announcing earlier this year the relocation of its headquarters back to Hong Kong.
Riding on the wave of excitement, the organiser, Hong Kong Tourism Board (HKTB), extended the annual Hong Kong International Dragon Boat Festival period to 13 days (June 19 – July 1), beginning on the historic Tuen Ng Festival (Dragon Boat Festival) and concluding on July 1, which is the 29th anniversary of the Establishment of the Hong Kong Special Administrative Region (HKSAR).
As the headline international flagship event of “Hong Kong Summer Fun”, Dr Peter Lam, Chairman of the HKTB, said the Festival not only ran over a longer period, but also featured a stronger race line-up and more vibrant entertainment programmes than in previous years, offering an experience found only in Hong Kong for locals and visitors, while showcasing Hong Kong’s position as the Events Capital of Asia.
More than 220 teams from 16 countries and regions will compete for top honours in the world‑renowned setting of Victoria Harbour. This year’s event also introduces the special 50th Anniversary Fishermen Invitational Cup and the 50th Anniversary Championship, paying tribute to the traditional spirit of dragon boat racing.
Visitors will be able to enjoy a series of thematic activities along the Avenue of Stars, including a 22-metre traditional wooden dragon boat, a dragon boat-themed installation in collaboration with the new film Minions & Monsters, live music performances and a line-up of intangible cultural heritage performances, including martial art Wing Chun, Chinese juggling diabolo, traditional musical instruments ruan and guzheng.
Highlighting Hong Kong’s reputation as the birthplace of modern international dragon boat racing, as well as its strengths as a global hub city, the IDBF has taken a significant step in its long‑term global strategy with the formal incorporation of International Dragon Boat Federation Limited in Hong Kong on 29 April 2026.
“Incorporation in Hong Kong is not a conclusion, but a beginning. It anchors our Federation in the city where our international story started and strengthens our ability to serve our members and the global dragon boat family,” said Claudio Schermi, President of the IDBF.
As part of this new chapter, the IDBF has applied for funding under “the Pilot Scheme to Strengthen the Presence of Hong Kong in Asian and International Sports Associations”, which was recently introduced by the HKSAR Government’s Culture, Sports and Tourism Bureau. The Pilot Scheme is an initiative designed to support Asian and international sports associations establishing their headquarters or regional headquarters in the city.
The Dragon Boat Festival has a long and colourful history dating back more than two thousand years. Held each year on the fifth day of the fifth lunar month, the day commemorates the patriotic poet Qu Yuan.
According to legend, Qu committed suicide for his beliefs by throwing himself into the Luo River. The villagers nearby raced out on their dragon boats, banging gongs and drums to scare away fish and other underwater creatures to stop them from eating Qu’s body. The tradition continues to this day, with dragon boat competitions taking place at locations across Hong Kong, each reflecting the unique characteristics of its neighbourhood.
Traditional dragon boat treats feature prominently during the festival, notably zongzi. These glutinous rice dumplings, traditionally wrapped in bamboo leaves and steamed or boiled, are widely available during the festive period.
Hashtag: #hongkong #brandhongkong #asiasworldcity #dragonboatraces #dragonboatfestival
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By Sobhanlal Datta Gupta The Eighteenth West Bengal Legislative Assembly which was formed in the wake of the poll results in 2026 has catapulted the BJP into power on a scale which is unprecedented, but not totally unsurprising. It has been a verdict by default, a furious act of political revenge against years of misrule, […]
The article Collapse Of TMC In Bengal Has Given A Big Opportunity For A Left Turn-Around appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Cybersecurity researchers have shown that popular AI-powered browsers can be manipulated into leaking credentials after being drawn into a fabricated game scenario, raising fresh concerns over the security of agentic web tools that operate inside authenticated user sessions. The technique, named BioShocking by LayerX Security, was tested against five agentic browsers and one browser-based AI plugin: ChatGPT Atlas, Perplexity Comet, Fellou, Genspark Browser, Sigma Browser and Anthropic’s […]
GEMS Education has recorded a modest slowdown in registrations at its UAE schools as families reconsider overseas moves amid uncertainty linked to the Iran war, though the Dubai-based operator says its expansion plans remain unchanged. Chief executive Dino Varkey said the private education group had secured about 90 per cent of its targeted new sales for the next academic year, including fresh admissions and re-enrolments. The level […]
Arabian Post Staff -Dubai J. P. Morgan has cut its Brent crude price forecast for the second half of 2026, signalling that weaker demand and smaller-than-expected stock draws have reduced the upward pressure that had kept oil markets tense through much of the year. The bank now expects Brent to average $86 a barrel in the third quarter and $80 in the fourth, with prices ending 2026 […]
EU lawmakers have moved the digital euro closer to formal negotiations, giving Brussels a stronger legislative path for a public payment system designed to reduce dependence on Visa, Mastercard, Apple Pay and other privately controlled networks. The European Parliament’s economic affairs committee has approved draft rules for the proposed digital euro, clearing a key stage before a wider parliamentary vote expected in July. The measure is intended […]
Electronic Arts is pushing artificial intelligence deeper into its game development pipeline as senior executive Laura Miele said the technology is already helping its studios move faster and sharpen creative decisions by taking repetitive work out of production. Miele, president of EA Entertainment, Technology and Central Development, said AI tools had contributed to “a real rise of creativity” across the company’s teams by removing some of the […]
The SoftBank-backed company has been evaluating a US listing that could raise as much as $500 million and value the business at more than $3 billion, though the size, timing and venue of the offering remain subject to market conditions. A confidential filing would allow Carro to begin regulatory engagement without immediately disclosing detailed financial information to the public.
The move would test investor appetite for a profitable, asset-heavy digital commerce platform at a time when equity markets have become more selective about technology listings. Carro’s case is likely to be watched closely because it combines online vehicle transactions, financing, insurance, after-sales services and data-driven pricing across multiple Asia-Pacific markets.
Founded in 2015 by Aaron Tan, Aditya Lesmana and Kelvin Chng, Carro has grown from an online used-car platform into a broader automotive ecosystem. Its operations cover Singapore, Malaysia, Indonesia, Thailand, Japan, Taiwan and Hong Kong, with Australia also identified as an expansion market. The company uses artificial intelligence and proprietary data tools to inspect, price, finance and sell vehicles, a model designed to reduce friction in a fragmented second-hand car market.
Carro’s financial profile has strengthened ahead of the possible listing. The company posted FY2025 revenue of S$1.2 billion, gross profit of S$149 million and EBITDA of S$43 million, while total assets stood at S$1.3 billion. The results marked its fifth consecutive year of positive EBITDA, offering a contrast with earlier generations of venture-backed marketplaces that pursued scale while absorbing heavy operating losses.
The prospective IPO would come after a series of private funding rounds that brought in heavyweight investors. SoftBank Vision Fund 2 led a US$360 million Series C round in 2021, helping Carro reach unicorn status. Other backers include Temasek, GIC, EDBI, B Capital, Woori Venture Partners and Cool Japan Fund, which led a US$60 million strategic investment last year to support demand for Japanese vehicles across Asia-Pacific.
Carro’s listing plans also reflect a changing market for used cars in Southeast Asia. Rising new-vehicle prices, tighter household budgets, longer replacement cycles and growing acceptance of online purchases have supported demand for certified pre-owned vehicles. Digital platforms are trying to capture this shift by offering inspection guarantees, financing, insurance and warranty products that traditional dealers often provide unevenly.
The company’s expansion into financing is a central part of its investment story. Its fintech arm, Genie Financial Services, has built a loan book while keeping non-performing loans below 0.5 per cent in previously disclosed figures. That lending capability gives Carro an additional revenue stream, but it also exposes the company to credit risk, interest-rate movements and regulatory oversight across several markets.
A US IPO would place Carro in front of investors familiar with listed online auto retailers such as Carvana, whose turnaround has helped restore interest in the sector. Stronger US used-car platform earnings have improved sentiment, but investors remain cautious about businesses that carry inventory, require working capital and depend on financing conditions. Carro would need to show that its marketplace margins, ancillary services and regional scale can offset those pressures.
The offering would also be significant for Southeast Asia’s start-up ecosystem. A successful listing could become one of the largest US debuts by a company from the region since Sea’s 2017 flotation and may encourage other late-stage technology firms to revisit overseas listing plans. Traveloka, Carsome and Xendit have all been viewed as potential public-market candidates, though each faces different timing, valuation and profitability considerations.
For SoftBank, Carro’s progress would add to efforts to demonstrate exits from its later-stage technology portfolio after several years of volatile valuations. Public-market investors have become more disciplined in assessing growth companies, favouring businesses that can show durable margins, strong cash generation and clearer paths to profitability.
Carro’s final decision is not guaranteed. Market volatility, valuation expectations, disclosure requirements and investor demand could alter the timetable or push the company towards another private financing round before any listing. A confidential filing would mark an important step, but the formal IPO process would still depend on roadshow feedback, regulatory review and broader equity-market conditions.
Rain-bearing clouds are forecast to build over parts of the UAE from Tuesday, bringing scattered showers, dusty winds and a limited easing of temperatures as the Rawayeh season introduces a more unsettled spell into the early summer weather pattern. The four-day outlook points to fair-to-partly cloudy conditions across much of the country, with convective cloud formation most likely over eastern and southern areas during the afternoon. The […]
Arabian Post Staff -Dubai U. S. Secretary of State Marco Rubio will travel to the United Arab Emirates, Kuwait and Bahrain from June 23 to 25 as Washington moves to reassure Gulf partners over a preliminary accord with Iran that has stirred unease across the region. The visit marks the Trump administration’s most direct diplomatic push to explain the terms of the framework to close allies whose […]
Keir Starmer has said he will resign as prime minister, triggering a Labour leadership contest and setting Britain on course for its seventh head of government since the 2016 Brexit referendum. Starmer announced on Monday, June 22, that he would oversee an orderly transfer of power and remain in Downing Street until Labour chooses a successor, expected by September. His decision ends a premiership that began with […]
United States and Iranian negotiators ended their first round of high-level talks in Switzerland on Monday with an agreement to pursue a final settlement within 60 days, easing immediate fears of a wider regional confrontation after a volatile opening shaped by threats, maritime disruption and pressure from Gulf mediators. A joint statement by Qatar and Pakistan said the two sides had accepted a roadmap for technical negotiations, […]
Arabian Post Staff -Dubai Qatar’s Barzan gas facility was hit by an explosion and fire during start-up operations on Sunday, injuring 54 people and leaving 18 missing at Ras Laffan Industrial City, the country’s strategic energy hub north of Doha. Emergency teams brought the blaze under control after the blast, while search and rescue operations continued around the affected section of the plant. Authorities described the incident […]
By Arun Srivastava The Bharatiya Janata Party’s (BJP) strategy of fracturing regional parties serves as a quaternary-track political manoeuvre designed to secure long-term constitutional dominance, dismantle the opposition architecture INDIA bloc, give a shape to its long cherished desire to create Bharat free of active opposition and finally, consolidating its position in 2029 and sweeping […]
The article BJP Top Brass’s Three-Year Plan To Achieve ‘One-Party, One-Nation’ Goal appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Arabian Post Staff -Dubai Amanat Holdings has completed its takeover of Cambridge Health Group after buying the remaining 10.03 per cent stake for AED105 million, giving the Dubai-listed healthcare and education investor full control of one of the Gulf’s largest post-acute and rehabilitation care platforms. The transaction closes a phased acquisition process that accelerated this month, when Amanat first raised its holding in Cambridge Health Group from […]
Brussels has narrowed its artificial intelligence infrastructure plan by opening the way for smaller and phased data centre projects, signalling a more cautious approach to Europe’s bid to compete with the United States and China in advanced computing. The European Union’s tender framework for AI gigafactories now allows bidders to propose facilities that can grow in stages rather than committing immediately to the largest scale originally envisaged. […]
