Google and Blackstone have agreed to create a $5 billion TPU-powered cloud company, widening the battle for artificial intelligence infrastructure as enterprises seek alternatives to graphics processing units that dominate AI training and inference. The US-based venture will offer data centre capacity, operations, networking and Google Cloud’s Tensor Processing Units through a compute-as-a-service model. Blackstone is making the initial equity commitment, with the first 500 megawatts of […]
Hyperliquid’s HYPE token has pushed beyond its former record, turning a sharp 24-hour rally into one of the most closely watched moves in the digital-asset market as trading volumes, exchange activity and listed-product demand converge around the decentralised derivatives platform. HYPE traded above $62 after gaining strongly through the week, surpassing the previous peak near $59 set in September 2025. The move lifted the token into the […]
Arabian Post Staff -Dubai Flydubai and Cyprus Airways have launched an interline partnership that gives passengers from Larnaca wider one-stop access to destinations across the Gulf, Asia, Africa and the Indian Ocean through Dubai International. The agreement allows customers to book travel on a single itinerary, with coordinated baggage handling and smoother transfers at DXB. For Cyprus Airways passengers, the arrangement opens connections beyond Dubai to flydubai […]
Cybercriminals are expanding phishing infrastructure built around the 2026 FIFA World Cup, with threat researchers mapping 222 malicious or suspicious domains to 203 unique IP addresses as fraud campaigns target fans, sponsors, travel operators and online shoppers before the tournament opens on 11 June. The findings point to a much broader operation than the first wave of 79 lookalike domains that impersonated FIFA and ticketing-related services. The […]
AMD has committed more than $10 billion to Taiwan’s semiconductor ecosystem, targeting advanced packaging and manufacturing capacity as demand for artificial intelligence infrastructure intensifies across global data centres.
The investment is designed to strengthen the chipmaker’s partnerships with foundries, packaging houses, substrate suppliers and server manufacturers that are central to its next generation of AI systems. The programme places Taiwan at the centre of AMD’s effort to scale production of high-performance processors, accelerators and rack-level systems built for increasingly complex AI workloads.
A major focus will be Elevated Fanout Bridge, or EFB, a 2.5D packaging technology intended to improve the speed and efficiency of connections between chip components. AMD plans to use the technology in its sixth-generation EPYC central processing units, codenamed “Venice”, which are being positioned for AI, cloud and high-performance computing deployments.
The move comes as AI infrastructure spending shifts from individual chips towards complete systems that combine CPUs, graphics processors, high-bandwidth memory, networking and software. Advanced packaging has become a critical bottleneck because AI workloads require large volumes of data to move quickly between processors while keeping power consumption and heat within manageable limits.
AMD Chair and Chief Executive Lisa Su said customers were rapidly expanding AI infrastructure to meet rising compute demand. The company is seeking to combine its high-performance computing portfolio with Taiwan’s manufacturing and packaging capabilities to support integrated, rack-scale AI systems.
AMD is working with partners including ASE, SPIL, Powertech Technology, Wiwynn, Wistron, Inventec, Unimicron, AIC, Nan Ya PCB and Kinsus. These companies cover key parts of the supply chain, from advanced packaging and substrates to server assembly and mechanical architecture. Sanmina is also involved in manufacturing support for the company’s Helios platform.
The investment will support both wafer-based and panel-based EFB interconnect development. AMD and Powertech Technology have qualified what they describe as the industry’s first 2.5D panel-based EFB interconnect, a step aimed at improving scalability and production economics for high-volume AI processors.
The technology is expected to help the “Venice” EPYC processors deliver higher interconnect bandwidth and better power efficiency. That matters because data centre operators are increasingly constrained by electricity availability, cooling capacity and rack density, not only by chip performance.
AMD has also begun ramping production of “Venice” CPUs using Taiwan Semiconductor Manufacturing Company’s 2-nanometre process technology in Taiwan. Future production is planned at TSMC’s Arizona facility, extending the supply chain beyond Taiwan while preserving the company’s close reliance on TSMC’s leading-edge manufacturing.
The “Venice” chips will be a central element of AMD’s Helios rack-scale platform, which also includes AMD Instinct MI450X graphics processors, advanced networking and the ROCm open software stack. The platform is scheduled for deployments beginning in the second half of 2026, with AMD describing the opportunity in terms of multi-gigawatt AI infrastructure rollouts.
The strategy puts AMD in a more direct contest with Nvidia, which dominates AI accelerator sales and has built a strong lead through its GPUs, networking, software ecosystem and full-rack systems. AMD’s challenge is not only to deliver competitive silicon but also to prove that it can scale complete AI infrastructure with dependable supply, efficient packaging and broad software support.
AMD’s data centre business has become the company’s main growth engine. First-quarter 2026 data centre revenue reached $5.8 billion, up 57 per cent from a year earlier, driven by demand for EPYC processors and the ramp-up of Instinct GPU shipments. That performance has strengthened investor expectations that AMD can capture a larger share of AI and cloud infrastructure spending.
Taiwan remains critical to that effort because of its concentration of semiconductor expertise. TSMC anchors the foundry side, while packaging, substrate and system-assembly partners provide the manufacturing depth needed to turn chip designs into deployable infrastructure. The concentration also creates geopolitical and supply-chain risks, particularly as governments and companies seek greater resilience across strategic technologies.
Russian state-backed cyber groups are broadening their entry points into targeted networks, using remote access services, stolen credentials, compromised suppliers and tailored social engineering to penetrate government, critical infrastructure and commercial systems. The pattern marks a shift from single-vector intrusions towards layered access operations designed to look like ordinary business activity. Remote Desktop Protocol, virtual private network accounts, cloud identities, internet-facing routers, edge devices and third-party service […]
Binance has launched a SpaceX-linked pre-IPO perpetual futures contract, giving crypto traders synthetic exposure to one of the world’s most closely watched private companies before any public share sale is completed. The product began trading on May 21 under the SPCXUSDT ticker, marking Binance’s first move into a new class of pre-listing derivatives tied to private-market valuations. The contract is settled in USDT and tracks Space Exploration […]
Significant reductions in energy consumption, CO₂ emissions, and operating costs for energy-intensive industries
Growing demand highlights strong market potential for sustainable heating technologies
NUREMBERG, GERMANY – Newsaktuell – 21 April 2026 – Innomotics, a globally leading supplier of electric motors and large drive systems, is advancing the decarbonization of industrial heat processes with its solutions for industrial heat pumps. By electrifying the heat process, companies can significantly improve energy efficiency, reduce emissions, and lower long-term operating costs.
Industrial heating is one of the largest contributors to global energy consumption, with more than 70 percent of process heat still generated from fossil fuels. Industrial heat pumps offer a highly efficient alternative by upgrading ambient and waste heat to usable temperature levels of up to 150°C. This makes them a key technology for reducing CO₂ emissions and achieving global climate targets.
The electrification of heat processes is a critical step in industrial transformation. Heat pumps deliver thermal output several times higher than the electrical energy input, making them one of the most efficient technologies for converting electricity into heat. When powered by renewable energy, CO₂ emissions can be virtually eliminated.
Innomotics provides a comprehensive portfolio of high- and low-voltage motors as well as medium-voltage drives to ensure reliable and efficient operation of heat pump compressors. The systems are designed for maximum availability, enabling operation for up to five years without scheduled shutdowns, and can be seamlessly integrated into existing industrial processes.
In addition to environmental benefits, operators gain from significantly lower operating costs, reduced maintenance requirements, and system availability of up to 99.9 percent. Industrial heat pumps also enable new opportunities for waste heat recovery and integration into district heating networks.
A flagship example is the largest heat pump system in the Netherlands, where heat is recovered daily from 65 million liters of treated wastewater. With Innomotics solutions, the system supplies district heating to around 20,000 households, covers approximately 15 percent of regional heat demand, and reduces CO₂ emissions by about 30,000 tons annually.
“Industrial heat pumps are a key technology for the energy transition and energy addition. They enable efficient use of existing heat sources while significantly reducing emissions. With our drive solutions, we provide the foundation for a sustainable and economically viable heat supply in industry,” says Michael Reichle, CEO of Innomotics.
He adds, “Operators are under pressure to make their processes both more efficient and more sustainable. Our technologies offer a scalable and economically a very attractive solution that supports the transition to electrified, low-carbon industrial operations.”
Recently awarded industrial heat pumps projects
Innomotics supplies key drive technology for world’s largest industrial heat pump at BASF, Germany: Innomotics GmbH has received a major order from Piller Blowers & Compressors GmbH to deliver 11 water-cooled HV M high-voltage motors and GH180HC medium-voltage converters. The systems will be deployed in the world’s most powerful industrial heat pump at BASF in Ludwigshafen.
Designed specifically for the requirements of PILLER and BASF, the Innomotics solutions combine compact design, high efficiency, and long-term reliability. The heat pump system will generate up to 500,000 tons of steam per year, while the water-cooled drive technology ensures low noise emissions and efficient, continuous operation.
Largest heat pump system in the Netherlands supplies 20k households with sustainable district heat The Dutch energy company Eneco is pursuing climate neutrality by leveraging aquathermal energy from wastewater to supply district heating networks in Utrecht and Nieuwegein. At the core of the Netherlands’ largest heat pump system, advanced motor and drive solutions from Innomotics enable the recovery of heat from around 65 million liters of treated wastewater per day. This results in a highly efficient and sustainable solution: approximately 30,000 tons of CO₂ emissions are saved annually, around 20,000 households are supplied with district heating, about 15 percent of Utrecht’s heat demand is covered, and 27 MW of thermal energy is generated.
Innomotics powers wastewater-based district heating in Amiens, France: With high-performance motor and drive solutions from Innomotics, Amiens Énergies is transforming treated wastewater into sustainable district heating. At the core of the system, 24 compact SD motors drive six large ammonia heat pumps, generating 18 MW of clean heat and supplying around 26,800 households.
By recovering thermal energy from 8.5 million m³ of wastewater annually, the solution reduces CO₂ emissions by approximately 41,000 tons per year while enabling a renewable energy share of over 70 percent. The robust and efficient Innomotics motors ensure reliable continuous operation under demanding industrial conditions, making the project a benchmark for climate-neutral urban heating.
Innomotics enables efficient industrial heat pump operation in Finland: At a major industrial heat pump installation in Finland, Innomotics supplied advanced drive technology to increase overall plant efficiency in a connected paper mill.
Innomotics delivered a variable frequency drive for a centrifugal compressor, supporting a 6.1 MW motor (6.6 kV, 2-pole). The system recovers process heat and feeds it back into operations, improving efficiency while reducing energy consumption and emissions.
Variational has raised about $50 million in a Series A round led by Dragonfly, giving the peer-to-peer derivatives startup fresh capital to expand perpetual futures tied to real-world assets including oil, gold, silver and copper. The funding marks a sharper push by decentralised finance firms into traditional market instruments at a time when traders are seeking broader access to commodities, indices, foreign exchange and equities through blockchain-based […]
Washington’s derivatives regulator and the National Hockey League have signed a memorandum of understanding to share information and co-ordinate oversight of prediction markets tied to professional hockey, extending federal scrutiny over a fast-growing sector that sits between financial derivatives, sports data and gambling regulation. The agreement, signed by Commodity Futures Trading Commission Chairman Michael S. Selig and NHL Commissioner Gary Bettman on 21 May 2026, creates regular […]
Arabian Post Staff -Dubai Abu Dhabi has moved to expand its pool of UAE National educators through a first-of-its-kind partnership between the Abu Dhabi Department of Education and Knowledge and Aldar, setting a formal public-private route for Emiratisation across private school teaching and leadership roles. The agreement, signed on 20 May 2026, establishes a structured talent development roadmap designed to increase UAE National representation ninefold across key […]
Shiba Inu is drawing fresh attention from crypto traders after a market analyst said the meme token could enter a high-momentum breakout phase if it clears a long-running resistance structure that has capped its valuation since late 2024. The token was trading near $0.000006 on Friday, with a market value of roughly $3.4 billion and a circulating supply of more than 589 trillion SHIB. The latest technical […]
Apache OFBiz users have been urged to move to version 24.09.06 after disclosure of an authentication bypass flaw that can be chained to remote code execution, exposing enterprise resource planning systems to takeover through a manipulated password-change workflow. Tracked as CVE-2026-45434, the vulnerability affects Apache OFBiz versions before 24.09.06. It stems from improper authentication handling in the platform’s password-change logic, where a forced password reset condition may […]
Core42 has secured $550 million in structured trade finance from HSBC to accelerate artificial intelligence cloud and compute deployments across the United States and Europe, strengthening the Abu Dhabi group’s position in the global race to build large-scale AI infrastructure. The financing, arranged through two non-equity dilutive facilities, gives the G42 company additional capital without requiring a share sale. The first facility, worth $240 million, was completed […]
France will add €710 million in targeted aid to help households and businesses absorb higher energy costs, as the war in Iran keeps fuel prices elevated and tests the government’s fiscal restraint. Budget Minister David Amiel said the new measures would lift total support for consumers and affected sectors to nearly €1.2 billion, while the government seeks to avoid broad tax cuts that would deepen pressure on […]
SpaceX is pitching its planned public listing as a bet on artificial intelligence as much as rockets, telling prospective investors that AI services could open a $26.5 trillion market opportunity and transform the company from a launch-and-satellite operator into a global computing platform. The shift marks a striking turn for Elon Musk’s space company as it prepares for what could become the largest stock-market debut on record. […]
Sui has launched gasless stablecoin transfers on its mainnet, allowing users and businesses to send supported dollar-pegged tokens without paying network fees or holding SUI separately for gas. The protocol-level feature, backed at launch by Fireblocks, marks a push by the layer-1 blockchain to strengthen its role in payments, treasury movement and on-chain settlement. The change applies to supported stablecoins including USDC, USDsui, suiUSDe, AUSD, FDUSD, USDB […]
Google has issued a Chrome security update after fixing multiple flaws that could allow attackers to execute code remotely, disrupt browser sessions, steal information, bypass restrictions or spoof content on affected systems. The update moves Chrome’s stable desktop channel to version 148.0.7778.178/179 for Windows and macOS, and 148.0.7778.178 for Linux. It is being rolled out globally through the browser’s automatic update mechanism, though users and administrators may […]
DipCoin has completed its first year on the Sui blockchain, seeking to strengthen its position in decentralised multi-asset trading after building its platform around perpetual contracts, self-custody, transparency and faster execution. Launched on May 21, 2025, the Sui-based decentralised exchange has used its first anniversary to highlight what it describes as a zero-incident operating record, a key claim in a market where security failures, liquidity shocks and […]
NANNING, CHINA – Media OutReach Newswire – 21 May 2026 – The China-ASEAN Business and Trade Information Platform was officially launched in Nanning, Guangxi Zhuang Autonomous Region on Tuesday.
A sub-forum themed international exchange and mutual learning of cyber civilization at the 2026 China Internet Civilization Conference is held in Nanning, Guangxi Zhuang Autonomous Region, May 19, 2026. (Photo: China News Service/Li Taiyuan)
The platform offers comprehensive information services and an international communication platform to support economic and trade cooperation between China and ASEAN countries.
Built and operated by China News Network, the official website of China News Service, the platform serves as ASEAN trade agencies, industry associations, overseas Chinese communities, and cross-border enterprises, providing one-stop trade information services.
China News Service will leverage its strengths to build the China-ASEAN Business and Trade Information Platform into an influential and dynamic communication channel that promotes information sharing and provides services, to facilitate trade and people-to-people exchanges between China and ASEAN countries.
Currently, a trade information network between China and ASEAN countries has been built, with key content covering policy explanations, market conditions, investment promotion, business cooperation, and industry analysis, to comprehensively support cross-border trade activities.
Prior to the platform’s launch, representatives from government departments, media outlets, research institutes, and universities in China and multiple ASEAN countries participated in discussions on economic and trade information exchange between China and ASEAN countries, as well as the development of the platform.
Consular officials from ASEAN member states including Cambodia, Myanmar, and Vietnam, stationed in Nanning expressed their hopes for enhancing China-ASEAN economic and trade connectivity as well as people-to-people ties through information sharing.
Against the backdrop of the signing of the China-ASEAN Free Trade Area 3.0 Upgrade Protocol, the platform serves as an information bridge for expanding cooperation, promoting trade, enhancing industrial upgrade, and achieving mutual benefits and win-win outcomes, they said.
They hope that the platform will play a greater role in trade facilitation and logistics services, empowering micro, small and medium-sized enterprises (MSMEs), and investment policies and regulatory measures, while helping share cooperation stories between China and ASEAN countries.
Hashtag: #Nanning
The issuer is solely responsible for the content of this announcement.
Cisco has issued an urgent security fix for a maximum-severity flaw in Secure Workload that could let unauthenticated attackers obtain Site Admin privileges and reach sensitive enterprise resources through internal REST API endpoints. The vulnerability, tracked as CVE-2026-20223, has been assigned a CVSS v3.1 base score of 10.0, the highest rating under the widely used severity system. It is classified as CWE-306, or missing authentication for a […]
HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 21 May 2026 – Vietnam International Financial Center in Ho Chi Minh City (VIFC-HCMC), in collaboration with Gemadept Corporation and the Ho Chi Minh City Institute for Development Studies, today hosted a high-level forum to officially launch the International Maritime Financial Ecosystem (IMFE) — one of the four strategic pillars of VIFC-HCMC.
Assoc. Prof. Dr. Nguyen Huu Huan (left), Vice Chairman of VIFC-HCMC, and Mr. Nguyen Thanh Binh, General Director of Gemadept Corporation, at the official launch ceremony of the International Maritime Financial Ecosystem (IMFE) in Ho Chi Minh City.
The forum, themed “Developing the International Maritime Financial Ecosystem within the Vietnam International Financial Center in Ho Chi Minh City,” took place at the VIFC-HCMC Building, 08 Nguyen Hue Street, District 1, and drew more than 100 senior delegates. Attendees included leaders from central ministries and agencies, the Ho Chi Minh City People’s Committee, representatives from coastal provinces (Da Nang, Khanh Hoa, Kien Giang), domestic and international financial institutions, port and logistics enterprises, and international organisations.
The day’s agenda focused on three headline moments: a strategic industry report by Roland Berger, titled “Vietnam Maritime Industry: A Strategic Opportunity for Breakthrough Growth,” which benchmarked leading global maritime financial hubs and mapped a roadmap to raise Vietnam’s domestic value retention from the current 4–5% to 15% by 2035; the official launch ceremony of the IMFE initiative within VIFC-HCMC; and a memorandum of understanding signed between VIFC-HCMC and Gemadept Corporation, owner and operator of Gemalink International Port in Cai Mep – Thi Vai, formalising Gemadept’s role as a founding lead of the initiative. The forum also saw the introduction of the first maritime financial products and initiatives to be developed within the VIFC-HCMC framework.
A seaport system of growing global weight
The ambition behind IMFE is grounded in the rapid rise of southern Vietnam’s port infrastructure. Ho Chi Minh City is home to Cat Lai Port — ranked among the world’s top 21, handling approximately 7.5 million TEUs annually — and Gemalink International Port in Cai Mep – Thi Vai, capable of receiving ultra-large container vessels. These existing assets are set to be joined by the Can Gio International Transshipment Port, a 571-hectare project with a projected capacity of 17 million TEUs per year, further deepening the city’s integration into global logistics and trade networks.
In 2025, the Ho Chi Minh City port system handled over 24 million TEUs, ranking 8th globally according to Lloyd’s List, and was associated with approximately USD 200 billion in import-export turnover, accounting for around 20% of Vietnam’s total trade value. Surrounding this physical infrastructure, a broad ecosystem of supporting services has expanded significantly, spanning cargo handling, warehousing, freight forwarding, customs clearance, and supply chain management. The total annual trade transaction value flowing through the region — encompassing goods, logistics services, and related financial demand – is estimated at over USD 1 trillion.
The financial gap: billions flowing through offshore centers
However, the scale of this physical activity stands in sharp contrast to the financial value Vietnam currently retains. Despite enormous cargo volumes, most high-value maritime financial services generating the largest profit margin including trade finance, ship financing, marine insurance and reinsurance, international payments, and logistics risk management continue to flow through developed offshore maritime financial centers. Vietnam currently captures only around 4–5% of these financial transaction values domestically, leaving an estimated USD 6–8 billion in potential value accessible but unrealised. To complete the maritime value chain and retain these economic benefits onshore, Vietnam must evolve beyond purely physical cargo transshipment. The gradual development of a comprehensive maritime financial ecosystem is an essential and inevitable strategic step.
IMFE: from vision to institutional launch
Against this backdrop, the IMFE initiative took shape as a core component of VIFC-HCMC, with Gemadept Corporation serving as a founding lead. The initiative was first introduced on September 12, 2025, during the symposium “Ho Chi Minh City – A Modern, High-End, High-Value Service Hub,” where Gemadept presented a strategic vision of integrating Vietnam’s deep-sea port infrastructure with a dedicated maritime financial ecosystem. To materialise that vision, the corporation cooperates with the Ho Chi Minh City People’s Committee, leading to its official designation as a Strategic Member of VIFC-HCMC on February 11, 2026, at the Center’s Launching Ceremony. Today, as the operator of Gemalink — a major deep-sea gateway at Cai Mep – Thi Vai — Gemadept is focused on channeling high-value capital flows and advanced financial services directly into Ho Chi Minh City’s real maritime economy.
With this foundation in place, today’s forum pursues three concrete objectives: to officially launch the IMFE as a strategic platform designed to localise maritime financial capital and services, laying the groundwork for Ho Chi Minh City to emerge as one of the region’s leading maritime hubs; to connect financial institutions, banks, insurance companies, shipping lines, logistics enterprises, and international organisations within an integrated ecosystem, bringing the port-to-finance model to life in Vietnam; and to introduce the first maritime financial products and initiatives, creating mechanisms for Vietnamese enterprises to access financing, insurance, and risk management tools domestically rather than through foreign intermediaries.
“Ports such as Can Gio and Cai Mep-Thi Vai are transshipment hubs for cargo flows — VIFC-HCMC must become the transshipment hub for capital flows serving Vietnam’s maritime economy,” said Assoc. Prof. Dr. Nguyen Huu Huan, Vice Chairman of VIFC-HCMC.
Hashtag: #VIFC
The issuer is solely responsible for the content of this announcement.
Dubai will host the fifth Middle Eastern Alliance for Parenteral and Enteral Nutrition Congress on 4 and 5 June 2026, bringing more than 500 participants from over 15 countries to the InterContinental Dubai Festival City for a two-day programme focused on evidence-based nutrition support, patient safety and multidisciplinary care. The congress, known as MEAPEN 2026, will be held at Al Ras Hall and is expected to feature […]
Greenlogue/AP Corporate climate target-setting is entering a more flexible phase as the Science Based Targets initiative shifts its global approach from a largely standard-setting and validation role towards a broader model aimed at helping companies deliver emissions cuts in difficult operating conditions. The London-based organisation, widely regarded as the leading verifier of corporate climate goals, has set out a 2026-2030 strategy that gives greater weight to implementation […]
