News related to
power

Leveraging B2C and B2B Synergies to Capitalize on the Global K-Beauty Boom Results Highlights Revenue rose by 49.3% to US$243.93 million. Operating profit increased by 31.9% to US$18.68 million. Net profit grew by 26.7% to US$14.08 million. Business-to-Customer (B2C) YesStyle Platforms recorded revenue of US$164.86 million, up 31.7%, contributing 67.6% of the Group’s total revenue. Revenue of Business-to-Business (B2B) platform AsianBeautyWholesale surged by 110.9% to US$77.94 million, […]

YouTube Music has unveiled “taste match” playlists as part of its tenth-anniversary rollout, a feature that crafts shared playlists by blending the listening habits of participating users into a daily-refreshed soundtrack. This move mirrors Spotify’s Blend functionality, suggesting Google is keen to edge more firmly into the social recommendation space. The rollout also includes interactive touches—fans can begin leaving comments directly on albums and playlists, loyalty badges […]

Highlighting five years of success, the destination continues to elevate its appeal through a comprehensive marketing strategy and the ongoing addition of world-class luxury brands. BANGKOK, THAILAND – Media OutReach Newswire – 22 August 2025 – Siam Premium Outlets Bangkok, Thailand’s first and only premium outlet destination, proudly marks its 5th anniversary. The milestone highlights the success of its comprehensive business strategy that spans marketing, customer engagement […]

Abu Dhabi National Energy Company has secured a significant financial boost in the form of an AED 8.5 billion term loan aimed at enhancing liquidity and supporting its growth strategies. This loan agreement marks a strategic move by the company as it seeks to continue its expansion and strengthen its financial position. The loan facility, which has a two-year term, is denominated in UAE dirhams and comes […]

The first half of 2025 marked a significant surge in greenfield foreign direct investment into Saudi Arabia, with the United States leading the charge. American investors drove 61 projects, injecting $2.7 billion into the Kingdom’s economy, accounting for nearly a third of both the project count and total investment. This surge highlights the growing confidence of international investors in Saudi Arabia’s Vision 2030 economic reforms and its appeal as a business hub in the region.

According to a report by Emirates NBD, greenfield investments in Saudi Arabia showed a notable increase, both in terms of project volume and capital inflow. In total, 203 greenfield projects were launched in Saudi Arabia during the first half of 2025, marking a 30.1% year-on-year rise. These projects, spanning across various sectors, reflect the country’s strong development trajectory and its efforts to diversify away from oil reliance.

Egypt emerged as the second largest contributor to Saudi Arabia’s greenfield FDI, securing $1.81 billion through 11 projects. Many of these ventures were centered around real estate developments, capitalising on the Kingdom’s expanding urbanisation and demand for residential and commercial properties. Egypt’s growing involvement reflects deeper ties between the two nations, particularly in sectors related to infrastructure and housing.

China, a global FDI powerhouse, played a significant role as well, investing $858.3 million through 11 projects in Saudi Arabia. China’s investments in the Kingdom primarily focused on manufacturing, technology, and energy, complementing the Saudi government’s drive to expand its industrial base and modernise key sectors. Chinese companies are also playing a pivotal role in the development of high-tech infrastructure, which aligns with Saudi Arabia’s push towards a more diversified, knowledge-based economy.

France also made its presence felt, contributing $771.7 million through six greenfield projects. The French investments were primarily focused on technology, retail, and luxury goods, with several high-end brands expanding their operations within the Kingdom. France’s engagement is part of a broader European interest in tapping into Saudi Arabia’s expanding consumer market, particularly in areas linked to fashion, entertainment, and sustainable energy.

The UAE’s regional influence continued to grow, with 25 projects worth $205.3 million being launched in Saudi Arabia. These ventures spanned various industries, with a focus on hospitality, logistics, and real estate. The UAE’s investments underscore the close business ties between the two countries, with the Kingdom remaining a key destination for Emirati capital looking to expand its footprint in the region.

Riyadh, Saudi Arabia’s capital, was the top destination for greenfield FDI, attracting 100 projects valued at $2.3 billion. As the political, economic, and cultural centre of the country, Riyadh continues to benefit from the majority of investments, particularly in the areas of technology, infrastructure, and urban development. Dammam, home to one of the Kingdom’s key industrial hubs, secured 21 projects worth $1.28 billion, while Jeddah followed closely with 13 projects totalling $1.22 billion. These cities represent strategic focal points in Saudi Arabia’s ambitious plans for diversification, driven by growth in manufacturing, logistics, and energy.

Saudi Arabia’s overall greenfield FDI rose by 1.7% to $9.34 billion during the first half of 2025, reflecting the Kingdom’s position as an attractive investment destination. The growth is seen as a direct result of efforts to enhance the ease of doing business in the country and to create a more transparent regulatory environment. Initiatives like the National Industrial Development and Logistics Program and the Saudi Green Initiative have been instrumental in drawing foreign investments into the Kingdom.

A landmark onchain gaming tournament has been launched by the Moonbeam Foundation and N3MUS, with Sao Mai Games also joining the initiative. The competition, named GLMillionaiRe, is set to capture the attention of competitive gamers and blockchain enthusiasts alike. Offering a significant 1,000,000 GLMR prize pool, the event aims to promote not just high-level gaming but also to attract new users to the Moonbeam ecosystem. The entry fee for participants is set at just 10 GLMR, ensuring accessibility for a wide array of players.

Moonbeam’s innovative approach to integrating blockchain into gaming is expected to be a major driver for the platform’s expansion. As a decentralised smart contract platform, Moonbeam allows developers to easily build and scale blockchain-based applications. With this tournament, Moonbeam is not only offering financial rewards but is also positioning itself as a hub for the next wave of blockchain gaming, an increasingly popular sector within the cryptocurrency and gaming industries.

N3MUS, known for its strategic partnerships in the blockchain and gaming space, has also played a key role in the development of this tournament. The company’s involvement in GLMillionaiRe reflects its ongoing commitment to bringing innovative projects to life. Their partnership with Moonbeam aims to offer players a seamless, high-performance gaming experience underpinned by blockchain technology, offering transparency, security, and decentralisation.

The 1,000,000 GLMR prize pool, which stands as one of the largest in onchain gaming tournaments, is expected to draw participants from across the globe. This event is particularly notable due to its emphasis on accessible entry, allowing both seasoned gamers and newcomers to compete on a level playing field. The inclusion of a relatively low entry fee serves as an invitation for new users to engage with the growing Moonbeam ecosystem while also presenting them with the potential for significant rewards.

The tournament will feature multiple rounds, each designed to test the skills, strategy, and adaptability of participants. Players will face off in various gaming challenges, each incorporating elements of blockchain technology such as smart contracts and decentralized applications. By incorporating onchain features, the tournament ensures that every aspect of gameplay, from registration to rewards distribution, operates transparently and securely, an increasingly important consideration for modern gamers.

Moonbeam’s ecosystem continues to expand rapidly as more developers and projects look to harness the capabilities of its interoperable blockchain. The foundation has been making strides in attracting major players in the blockchain and gaming sectors, with GLMillionaiRe serving as a prime example of its growth. By bridging the gap between gaming and decentralised finance, Moonbeam offers an ecosystem where players, developers, and investors can all engage meaningfully.

For N3MUS, this partnership marks another significant milestone in its mission to push the boundaries of what is possible within the blockchain and gaming realms. The company’s reputation for delivering cutting-edge gaming experiences ensures that GLMillionaiRe will be closely watched by both the gaming community and blockchain investors. As the tournament progresses, it is expected that the level of competition and interest will only increase, further solidifying the event’s status as one of the most ambitious in the space.

Sao Mai Games, a key player in the gaming development space, is providing the technical expertise and gaming content that will power the tournament. The involvement of Sao Mai Games ensures that the gaming experience for participants is smooth, immersive, and enjoyable, making the competition not only lucrative but also fun for all involved. As the tournament evolves, the partnership with Sao Mai Games will likely continue to shape the future of onchain gaming events.

A newly discovered gas and dust bubble surrounding the red supergiant star DFK 52 has left astronomers perplexed. The massive structure, spanning a size greater than our entire Solar System, likely resulted from a violent outburst approximately 4,000 years ago. However, the star’s continued existence without undergoing a supernova explosion has raised more questions than answers, prompting experts to consider the possibility of a hidden companion star […]

Advertisements

Labour unrest at the CHEP plant in Boksburg, South Africa, escalated on Thursday when approximately 110 workers initiated a strike following two months of failed negotiations. The dispute centres around unresolved wage issues and conditions that employees claim have been neglected by management. The workforce, employed at the CHEP site in Jet Park, halted operations after talks between the unions and management reached an impasse, with no […]

The UAE government has unveiled a transformative public-private partnership framework aimed at boosting the national economy and attracting further investment. This new initiative aims to streamline and enhance the collaboration between the public and private sectors, providing a cohesive platform for businesses to engage with government projects more effectively. Under the new framework, the UAE seeks to build on its existing infrastructure while introducing new policies that […]

Royal Caribbean’s latest cruise ship, the Star of the Seas, has embarked on its maiden voyage, claiming the title of the world’s largest cruise ship. Set to join its sister vessel, Icon of the Seas, this groundbreaking debut signals the cruise line’s commitment to pushing the limits of luxury and innovation at sea. At a staggering 1,200 feet in length and capable of carrying over 9,000 passengers […]

Tens of thousands have taken to the streets of Cote d’Ivoire in a massive show of defiance against President Alassane Ouattara’s push for a fourth consecutive term. The protests, which began in the nation’s largest cities, have sparked intense debates over the future of democracy in a country that has long been a political bellwether in West Africa. The protests erupted after Ouattara, 83, announced his decision […]

Binance has partnered with TRM Labs to unveil a groundbreaking initiative aimed at tackling cryptocurrency-related crime. The newly launched Beacon Network is designed to enhance the security and integrity of the digital assets market. This collaboration marks a significant step in addressing the increasing concerns surrounding illicit activities in the crypto space.

Beacon, powered by TRM Labs, will provide a comprehensive suite of tools to track and identify suspicious activities across the blockchain. The network’s capabilities extend beyond the identification of suspicious transactions; it will also monitor exchanges and wallet providers for potential risks associated with money laundering, fraud, and terrorist financing.

This partnership is timely, as the cryptocurrency sector continues to expand and evolve, with regulators and lawmakers increasingly focusing on how to prevent its use for illegal activities. Binance, a global leader in digital asset exchanges, has long faced scrutiny over its role in the market and its ability to ensure compliance with anti-money laundering and know-your-customer standards. By working with TRM Labs, the company seeks to bolster its efforts in this area and demonstrate its commitment to ensuring the safety and legitimacy of the platform.

TRM Labs, a firm specializing in blockchain forensics and compliance tools, brings a wealth of experience to the table. The company’s technology is already used by financial institutions, law enforcement agencies, and regulators worldwide to detect and investigate financial crimes in the cryptocurrency ecosystem. Its role in the Beacon Network will help provide real-time analysis and actionable insights that can prevent fraudulent activities before they escalate.

A key feature of the Beacon Network is its use of advanced artificial intelligence and machine learning algorithms to detect emerging patterns in financial transactions. This technology will continuously monitor the blockchain, adapting to new methods of crime as they emerge. The platform will also integrate data from numerous public and private blockchains, creating a unified view of the crypto landscape that will be accessible to stakeholders across the industry.

While the initial focus of the Beacon Network will be on detecting fraud and money laundering, the partnership with Binance also signals a broader ambition to enhance overall regulatory compliance within the crypto space. Binance’s decision to invest in this technology is part of its wider effort to improve transparency and strengthen its reputation among regulators, especially in markets like the United States and Europe, where scrutiny has been particularly intense.

The collaboration also highlights the growing recognition that the cryptocurrency industry must take a more proactive stance in preventing crime and enhancing security. As the industry continues to grow, so too does the scale and sophistication of the threats it faces. The launch of the Beacon Network is therefore seen as an important step in building trust with both regulators and users, addressing concerns over the potential for digital assets to be used for illicit purposes.

Despite these efforts, challenges remain. The decentralized and pseudonymous nature of cryptocurrencies makes it inherently difficult to track illicit transactions. However, by combining Binance’s vast resources with TRM Labs’ expertise in blockchain analytics, the Beacon Network aims to create a powerful tool that will help combat the dark side of the crypto revolution. This collaboration is expected to set a new standard for industry best practices and contribute to the broader goal of mainstream adoption of digital currencies.

HONG KONG SAR – Media OutReach Newswire – 22 August 2025 – In today’s economic climate, both businesses and individuals are facing mounting debt pressures and an increasing need for restructuring solutions. To address this growing demand, HKIVALAWYER.com has been officially launched. This new platform is a joint initiative between hkfindlawyer.com and faatgo.com, bringing together a network of legal professionals specializing in debt restructuring. Its mission is […]

HONG KONG SAR – Media OutReach Newswire – 22 August 2025 – Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning technology has introduced RA Rack Attach to the server industries. RA Rack Attach As the race for the best AI technology heats up, manufacturers are turning to […]

Implementing the Core Strategy of “Single Brand, Multi-Categories, Diversified Channels” | Excelling Through Professionalism, Strengthening Strategic Foundations FINANCIAL HIGHLIGHTS In the first half of the year, the Group recorded the following operating results: – Revenue rose by 3.3% to RMB14,817 million; gross profit margin declined by 0.4 percentage points to 50% – Net operating cash inflow was RMB2,411 million – Net profit attributable to equity holders was […]

Hurricane Erin has intensified into a Category 2 storm as it pounds the Outer Banks in North Carolina, generating life-threatening conditions along the East Coast. With maximum sustained winds of 105 mph, the storm is unleashing dangerous surf and rip currents, urging authorities to issue urgent warnings for residents and tourists in the affected areas. As Erin continues to churn across the Atlantic, meteorologists have predicted further […]

North Korea has established a covert long-range missile base near its border with China, reportedly housing some of the regime’s most advanced strategic weapons. The existence of this facility was uncovered through a combination of satellite imagery and intelligence reports, marking another step in the regime’s ambitious missile development programme. The base, located in a remote area of North Korea’s northeast, is believed to be operational and […]

By Arun Srivastava The bill to remove a prime minister, chief minister or any other minister in jail for 30 days, without conviction is awell-designed plot to accomplish the RSS-BJP mission of pushing India to one nation-one party rule. This is one of the alternate choices like the SIR to have saffron idea turn into […]

Key highlights include: The Integrated Facility Management Control Tower (IFMCT) unifies over 20 standalone building systems into a single AI-powered command centre and is poised for wider implementation, with plans to expand across Hongkong Land’s regional portfolio. The transition from reactive to proactive maintenance, powered by AI health analytics, has significantly reduced servicing frequency. 66% of work orders have been automated, boosting operational efficiency and reducing disruptions. […]

Two former Harvard students are poised to disrupt the tech world with a groundbreaking product: AI-powered smart glasses designed to record and listen to every conversation, even when the wearer is unaware. The venture, which has already garnered attention from the technology sector, promises to revolutionise the way people capture and interact with the world around them. The glasses, equipped with highly sensitive microphones and an advanced […]

Dubai is set to expand its electric vehicle infrastructure, with plans to install 200 ultra-fast charging stations across key residential and retail areas. This initiative, which aligns with the emirate’s broader sustainability goals, aims to provide more convenient access to charging facilities for EV owners and contribute to the long-term vision of a green, sustainable city. The new stations, designed to offer ultra-fast charging, will play a […]

The North American data centre market is grappling with an unprecedented surge in demand, causing vacancy rates to plummet to their lowest levels in history. As organisations push for more robust digital infrastructure to support the rapid growth in cloud computing, artificial intelligence, and data-intensive applications, the industry’s response is struggling to keep up with the escalating requirements. Recent reports highlight a significant tightening of the market. […]

BigScoots, a provider of fully managed hosting solutions, has formed a strategic partnership with Memberful, a leading membership software platform. This collaboration aims to offer premium hosting solutions tailored specifically for membership websites, providing a seamless experience for both businesses and their subscribers. As part of the partnership, BigScoots will offer high-performance managed hosting services to Memberful’s clientele. Memberful, which enables businesses to manage and grow their […]

By Nitya Chakraborty India-China political relations have started improving giving all the indications that the leaderships of the two countries with the largest population in the world, are ready for building stable relationship after an uneasy period of five years since the Galwan killings on the border in 2020 in which 20 Indian soldiers lost […]
VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA