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Matein Khalid Klarna hits the IPO hit parade in New York on Wednesday and the grapevine suggests that the Swedish fintech IPO is oversubscribed by at least 10X. The investment bankers priced Klarna last night at $40, even above the 35-37 range where Sequoia capital, Silver Lake and lesser grandees on Sand Hill Road, Dai Nippon, Sing and Oz will now pocket a multi-billion dollar paydirt as […]

SriLankan Airlines has suspended services to Kathmandu after authorities closed Tribhuvan International Airport amid nationwide unrest, forcing cancellations on the Colombo–Kathmandu route and disrupting onward travel plans.

Airport officials said flight operations at Kathmandu would remain shut until the evening as security forces moved to stabilise the capital, while armoured patrols and curfews kept streets largely empty following two days of violent demonstrations. Airline pauses Kathmandu services amid escalating unrest.

Protests that began over corruption and economic grievances have turned deadly, with soldiers guarding parliament and key government buildings after arson attacks and clashes. Reuters reported at least 19 fatalities over 48 hours and said the turmoil prompted a nationwide shutdown affecting aviation, retail and public services.

Knock-on effects spread across regional air corridors. Multiple Kathmandu-bound flights were diverted to India, including four routed to Lucknow as the closure took effect, while IndiGo extended a temporary halt of services to and from Kathmandu to the early evening. Other carriers announced cancellations through the day as they assessed security and operational risks.

SriLankan confirmed the cancellation of flights UL181 and UL182 on Wednesday and advised ticketed passengers to contact their booking channels. Local news outlets in Colombo said the airline’s suspension would remain until further notice, aligning with guidance to monitor official updates as authorities reviewed conditions at the airport.

Regional governments urged caution for travellers. India advised its citizens to defer trips to Nepal and for those already in the country to remain indoors, as curfews and transport disruptions left tourists and business travellers stranded across Kathmandu Valley and beyond.

Live updates from Kathmandu indicated authorities were weighing phased resumptions of essential services alongside crowd-control measures. Airports and transport links were prioritised for restoration once security agencies deemed conditions manageable, with the army coordinating road clearance and fire response in affected districts.

Airlines across South Asia adjusted schedules through the afternoon, with Indian and regional carriers cancelling or retiming Kathmandu rotations while offering waivers. Public statements from operators noted the situation remained fluid and that customer notifications would follow as airspace and airport status changed.

SriLankan’s decision underscores how quickly a single-airport closure can ripple through a network heavily reliant on narrow time buffers and daylight slots into high-altitude hubs. For passengers booked to or through Kathmandu, carriers advised monitoring flight status pages and staying in contact with travel agents as curfew orders and airport operating hours evolve.

A newly revealed flaw in Apple’s CarPlay ecosystem enables attackers to achieve remote code execution with root privileges, raising serious cybersecurity concerns for connected vehicles. Tracked as CVE-2025-24132 and identified by the Oligo Security Research team, the weakness stems from a stack-based buffer-overflow flaw in AirPlay protocol implementations used by CarPlay systems. It remains exploitable over Wi-Fi via a wormable, zero-click exploit—allowing attackers to take full control […]

Bitcoin reclaimed the $112,000 level as markets remain focused on the week ahead, with investors balancing caution against emerging momentum across select digital assets. Solana and Dogecoin have seen notable uplift as traders reallocate positions amid mounting anticipation of U. S. macroeconomic releases and Federal Reserve developments.

Bitcoin traded in a tight range near $111,500 to $112,300 as market participants paused, waiting for fresh cues from upcoming Consumer Price Index, Producer Price Index and central bank announcements. This positioning reflects prudence amid heavier macroeconomic noise.

Solana climbed to around $218 to $220, marking a multi-month high as renewed interest drew capital from more established tokens. Meanwhile, Dogecoin extended a weekly gain to approximately $0.24, buoyed by optimism surrounding the imminent debut of the first U. S. memecoin exchange-traded fund.

SignalPlus head of insights Augustine Fan noted that crypto markets have been relatively flat recently, with Bitcoin underperforming both its major peers and traditional assets such as equities and spot gold. That underperformance accompanied weaker inflows into digital asset trusts and reduced activity on centralised exchanges.

Economists have also dialled back inflation and recession worries following revisions to U. S. labour data, prompting some rebound in market sentiment. Bitcoin, alongside European equities, saw support as experts downplayed fears of stagflation.

Prediction markets suggest that a rate cut from the Federal Reserve is increasingly likely, with sentiment split between a further cut or a hold in October. Gold reached record levels in anticipation of looser monetary policy, even as U. S. equity indices pushed higher.

Positioning remains defensive, but the rotation into altcoins signals willingness among traders to explore higher-beta opportunities. Reflecting this, the phrase Traders Push Bitcoin Above $112K captures the shifting dynamic in crypto allocations—but notably, attention remains fixed on upcoming U. S. data releases shaping the next phase of the market.

Liquidity has stayed modest. Reference points in the $110K–$112K zone appear increasingly important as support amid a backdrop of uncertainty.

Greenlogue/AP Construction on the expansive NEOM green hydrogen development has passed the eighty-percent mark at the outset of the first quarter of 2025, the NEOM Green Hydrogen Company has confirmed. This achievement spans the green hydrogen plant itself, the wind garden, the solar farm and the transmission network. Equipment delivery and installation are progressing apace, with wind turbines, hydrogen storage vessels, electrolysers, a cold box and pipe […]

Greenlogue/AP Sobha Realty has achieved a milestone with its largest-ever issuance of a $750 million green sukuk, marking the highest such issuance by any real estate developer globally. The five-year Islamic bond, issued under a $1.5 billion Trust Certificate Issuance Programme, attracted orders worth approximately $2.1 billion—nearly 2.8 times the issue size—allowing pricing to tighten by 50 basis points from initial guidance. The sukuk carries a profit […]

Poland activated air defences and scrambled fighter jets after drones from Russia crossed into its airspace during overnight strikes on Ukraine, with the military confirming it used weapons to neutralise targets. The Operational Command said Polish airspace was “repeatedly violated by drone-type objects” and described an ongoing operation to identify and destroy them. Authorities placed ground-based systems and radar on maximum alert while Polish and allied aircraft […]

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Protesters breached Nepal’s federal parliament complex in Kathmandu and set parts of the building on fire on Tuesday, escalating a youth-led movement that has convulsed the country and prompted the prime minister’s resignation. Authorities confirmed fatalities and hundreds of injuries over two days of clashes that centred on the New Baneshwar area housing the legislature. The death toll rose to 19 after security forces used live ammunition, […]

Passenger traffic at airports across the UAE surpassed one billion between 2015 and 2024, with aircraft movements exceeding 6.4 million during the same interval, driven by strategic planning and expansion across the aviation sector, the Federal Competitiveness and Statistics Centre reported. The country also emerged as the global leader in air transport quality and ranked among the top ten worldwide across five additional air performance indicators, underlining its position as a premier aviation hub.

Data from the Centre reveal that annual passenger numbers climbed from 114.8 million in 2015 to 147.8 million in 2024, marking the underlying foundation for cumulative traffic exceeding one billion passengers. Meanwhile, aircraft movements rose sharply, culminating in more than 800,000 operations in 2024 and taking the ten-year total past 6.4 million flights.

These gains coincide with the UAE’s top global ranking in air transport quality and inclusion among the top ten in five further air-related indicators, as noted in the Centre’s analysis.

The escalation of aviation activity reflects the UAE’s broader aviation transformation. The General Civil Aviation Authority emphasises that the UAE now operates a dense, globally connected network, with twelve certified airports, 100 heliports, and a web of bilateral air agreements linking to over 300 destinations worldwide. In 2024 alone, the UAE recorded over one million air traffic movements and continued to lead globally in international passenger traffic and seat capacity.

Dubai International Airport remained the busiest airport globally for international passengers in 2024, registering more than 92 million passengers and 440,000 aircraft movements, and handling 2.2 million tonnes of cargo.

Abu Dhabi’s Zayed International Airport, renamed in February 2024, handled nearly 29.5 million passengers and recorded 249,747 aircraft movements, reinforcing the dominance of UAE airports in the regional aviation landscape.

These milestones underscore how UAE aviation achieves unprecedented growth, advancing capacity, connectivity and performance standards to global leadership.

The Federal Competitiveness and Statistics Centre attributes these successes to forward-looking directives and investment, positioning the aviation sector as a cornerstone of economic sustainability. The enhancements bolster not only passenger and cargo mobility but also broader economic diversification goals, tourism development, and the UAE’s growing prominence as a global transport hub.

Alan Faena has unveiled his third namesake hotel in Manhattan, injecting bold theatricality and exuberance into the Chelsea skyline. Faena New York officially opened on 9 September 2025 at 500 West 18th Street, adjacent to the High Line. The lobby—described by the hotelier as “a cathedral”—features a vast mural by Diego Gravinese depicting a mythical Colossal Woman emerging from an ocean vortex, alongside a glowing gold-leaf spiral […]

By Nantoo Banerjee One’s pain could be another’s gain. The phrase aptly describes those big business gainers across the world out of the three-and-a-half-year-old Russia-Ukraine war, killing thousands of soldiers and civilians on both sides. The list of such gainers may be short but very impressive. They include some of the giant US defence manufacturers […]

Real estate developers are increasingly adopting modern technologies, including CRM for property developers, to enhance efficiency and improve customer interactions. According to a study by CSO Insights, 80% of surveyed companies in the real estate sector already utilize customer relationship management tools, highlighting a global shift toward digitalization. The Dubai and UAE real estate market continues to set global benchmarks, attracting developers, brokers, and investors with its record-breaking property sales and ambitious […]

Bitcoin whales appear poised for a dramatic ascent in the weeks ahead, with some expecting the cryptocurrency to crest $190,000 this December—a target that has drawn both excitement and caution among market observers.

Whales, or large holders of Bitcoin, have been signalling confidence through increasing accumulation. On-chain data indicates sustained purchasing patterns and institutions continuing to funnel capital into Bitcoin, supporting forecasts like the $190,000 December rally that some market models envision.

For instance, Tiger Research cites growing institutional inflows—including spot-Bitcoin ETF demand and new crypto allocations in retirement plans such as US 401s—as key drivers behind a projected price ceiling of $190,000. They argue that surging liquidity and tightened supply dynamics could push Bitcoin to that level by the close of Q3 or early Q4 2025.

Yet other analysts strike a more measured tone. Crypto economist Willy Woo warns that long-standing whales, many of whom acquired Bitcoin at below $10, now control large portions of the supply. He explains that each Bitcoin they opt to sell requires over $110,000 of fresh demand to absorb it—creating a de facto resistance level that complicates momentum.

Greenlogue/AP Gulf Cooperation Council countries recorded a clear rise in their overall Circular Carbon Economy Index score, posting 41.5 in 2024, up from 37.7 in 2023, according to data issued by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf. The figures show that GCC countries posted gains in global circular carbon economy rankings, as three GCC states ranked at the top […]

Only global newswire to provide guaranteed news postings with Mediacorp and SPH Media SINGAPORE – Media OutReach Newswire – 8 September 2025 – Media OutReach Newswire, Asia Pacific’s first global newswire, has further cemented its reputation as the leading newswire for Singapore and Southeast Asia, with guaranteed news posting partnerships with Mediacorp and SPH Media, Singapore’s two leading media companies. Dedicated page on CNA for Media OutReach […]

Dubai is witnessing a sharp rise in gold-driven fortunes as long-established Indian entrepreneurs reshape its jewellery sector. Titan Company, known for its Tanishq brand, will acquire 67 per cent of Damas, a leading luxury jewellery retailer with some 146 outlets across the Gulf, for 1.04 billion dirhams, in a deal expected to close by 31 January 2026. This bold expansion markedly strengthens Titan’s foothold under its emerging […]

LONDON / SINGAPORE – Media OutReach Newswire – 8 September 2025 – Forvis Mazars, a leading international audit, tax and advisory firm, today announced a strategic partnership in Singapore with EcoOnline, a global provider of safety and sustainability software. This partnership will further enable Forvis Mazars and its clients to adopt EcoOnline’s advanced environmental, social, and governance (ESG) solution, enhancing the firm’s own suite of sustainability reporting […]

A wave of ransomware incidents has incapacitated over 300 co-operative banks across India, exposing deep vulnerabilities tied to outdated VPN-based security. These attacks underline the urgent need for a shift towards modern access frameworks such as Zero Trust Network Access. Operational disruptions began when C-Edge Technologies—a key IT provider to numerous co-operative banks—was targeted by ransomware on 31 July 2024. NPCI responded swiftly by isolating C-Edge from […]

Medium’s decision to address AI-generated content on its platform has stirred a lively discussion among users and industry stakeholders alike. As artificial intelligence continues to gain ground in content creation, the platform is outlining its approach to ensure transparency while preserving its core commitment to human storytelling. Earlier this year, Medium reached out to its community for feedback regarding the rise of AI-generated writing. In response, users […]

Thunes has integrated Ripple’s infrastructure into its payments network, allowing Ripple–Thunes integration accelerates global payments with enhanced speed, transparency and cost-efficiency. Drawing on their existing 2020 alliance, the Singapore-based fintech firm and Ripple announced the deeper collaboration on 2 September 2025, aiming to transform cross-border transfers for businesses and financial institutions worldwide.

The integration embeds Ripple Payments into Thunes’s Direct Global Network, spanning 130 + countries and over 80 currencies. This union leverages Ripple’s global payout infrastructure—serving 90 + markets and covering more than 90 % of daily FX flows, with over US $70 billion processed—bringing real-time, cost-efficient, and transparent transactions to Thunes’s vast network.

Chloe Mayenobe, President and COO of Thunes, emphasised that the partnership bridges traditional finance and digital assets, enabling seamless, compliant cross-border payments at scale. She stressed the importance of real-time settlement and robust local integrations in scaling financial access globally. Fiona Murray, Managing Director for Asia-Pacific at Ripple, underscored how combining Thunes’s payment reach with Ripple’s digital asset infrastructure enhances speed, accessibility, and compliance.

This move extends Thunes’s capability to deliver payouts in local currencies in regions with limited banking access, particularly through its SmartX Treasury System. Ripple Payments is now integrated into SmartX, bolstering liquidity management and last-mile delivery in underbanked markets.

Analysis from BeInCrypto notes that this alignment enables faster settlement and improved compliance, especially where mobile wallets like GCash, M-Pesa, and WeChat Pay dominate. For enterprises, the collaboration promises efficient global transfers with lower friction. Crowdfund Insider adds that the partnership broadens payout reach while streamlining money movement across key markets.

Electronic Payments International confirms the integration into SmartX, reinforcing Thunes’s treasury capabilities and enhancing its services. CryptoBriefing highlights the joint effort to improve speed, transparency and compliance across Thunes’s global network by incorporating Ripple Payments.

This development reflects an industry shift: traditional payment networks increasingly adopt blockchain infrastructure to reduce costs and boost efficiency. Thunes, with its “Smart Superhighway” platform covering billions of mobile wallets, bank accounts, and cards, stands well-positioned to harness Ripple’s tools for expanding financial inclusion.

Thunes, founded in 2019 and headquartered in Singapore, already partners with PayPal, Uber, Grab, Paytm, and others, serving a global footprint that includes more than 3 billion accounts across 130 countries. The integration with Ripple strengthens its proposition to these and other clients seeking faster, more transparent cross-border transfers.

Two quadriplegic patients in Toronto have undergone implantation of Neuralink’s wireless brain-computer interface as part of the CAN-PRIME clinical trial, marking the first such procedures conducted outside the United States. The trial, authorised by Health Canada, aims to evaluate both the safety and the initial clinical functionality of the company’s N1 implant and R1 surgical robot in enabling individuals with paralysis to control external devices through thought […]

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.

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. […]

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