By Nitya Chakraborty The 17th BRICS summit held in Brazil on July 6 and 7 has helped in partially restoring the image of the Indian Prime Minister Narendra Modi as the defender of the interests of Global South against the increasing attacks on the political and economic interests of the developing nations by the United […]A German court has ordered Meta to pay €5,000 to a Facebook user after finding that its tracking pixel technology breaches the General Data Protection Regulation by collecting personal data from third‑party websites and apps without valid consent. The judgment, issued by the Regional Court of Leipzig on 4 July 2025, establishes a legal precedent enabling individuals to claim compensation without showing they suffered direct harm. Meta’s […]
For the winners of the 2025 Golden Bull Award, the answer is clear: vision, agility, and a drive to challenge the norm. KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 10 July 2025 – These are high-performing companies and trailblazers. This year’s winners are leading the way through innovation, from adopting AI and strengthening cybersecurity to integrating ESG values into their core operations. They show us that […]
Major technology firms and start‑ups are racing to adopt the Model Context Protocol, the open‑source standard that streamlines communication between large language models and external tools. Since its debut in November 2024, Anthropic’s creation has gained swift endorsement from OpenAI, Google DeepMind, Microsoft and others and is now being adopted to power the next wave of agent‑based AI. However, the protocol’s rapid integration has exposed serious vulnerabilities—forcing […]
Four sources confirm that Saudi Aramco is negotiating to acquire 2 million tonnes per annum of liquefied natural gas from Commonwealth LNG’s planned Cameron, Louisiana export facility. This addition would bring Commonwealth closer to its ambition of locking in 8 mtpa from its total 9.5 mtpa capacity, enhancing its commercial viability and drawing it nearer to a final investment decision by year‑end. Commonwealth LNG, backed by private equity firm Kimmeridge, […]
MENA region investment banking fees declined 2 per cent year‑on‑year in the first half of 2025, falling to US$773.7 million, the third‑highest H1 tally since 2000, according to London Stock Exchange Group’s Deals Intelligence data. The dip occurred amid an environment of oil‑price volatility, geopolitical fragmentation and escalating global trade tensions. Debt capital markets underwriting emerged as the growth engine, with related fees rising 20 per cent to US$278.9 million. However, […]
HONG KONG SAR – Media OutReach Newswire – 10 July 2025 – Uweb (University of Web3), a leading digital asset education institute, is pleased to announce the successful completion of a US$3 million angle funding round. The round was led by emerging investment firm Avenir Group, with participation from prominent venture capital firms including Ronin & Quinn Capital, Singchain Capital, and First Merit, as well as several […]
SINGAPORE – Media OutReach Newswire – 10 July 2025 – To celebrate Singapore’s SG60 milestone, Chevron Singapore, which operates the Caltex retail brand, has launched a limited-edition SG60 picnic set comprising a picnic box and two chairs. Designed to enrich Singaporeans’ upcoming National Day celebrations while fostering a sense of local community spirit, these unique items will be available for purchase at all 26 Caltex stations nationwide […]
Nvidia is set to begin production of a new, lower‑spec Blackwell‑architecture AI chip for the Chinese market as early as June, aimed at complying with US export controls while maintaining its presence in the nation’s booming data centre sector. Priced between $6,500 and $8,000—significantly cheaper than the $10,000–$12,000 H20—the chip trades performance for accessibility under current regulatory constraints.
The streamlined variant is based on the RTX Pro 6000D, utilising conventional GDDR7 memory instead of high‑bandwidth memory and eschewing TSMC’s advanced CoWoS packaging to stay within US‑mandated memory bandwidth limits of 1.7–1.8 TB/s. Industry analysts note this is markedly below the 4 TB/s capability of the H20.
Yet Nvidia is not stopping there. As part of a dual‑chip strategy, it is reportedly developing a second Blackwell model scheduled to enter production by September. The specifications remain undisclosed but are expected to similarly align with US export regulations.
China accounts for around 13 per cent of Nvidia’s revenue, a slice that has shrunk sharply from a pre‑2022 peak due to export restrictions, which caused market share to decline from roughly 95 per cent to near 50 per cent today. A ban on the H20 in April prompted the company to write off about $5.5 billion in inventory and forgo an estimated $15 billion in sales.
CEO Jensen Huang has acknowledged the company’s “limited” options, stating that until a compliant design is approved by US authorities, Nvidia remains locked out of China’s $50 billion data centre market. Without it, his comments suggest many customers may migrate to domestic alternatives like Huawei’s Ascend 910B.
Domestic competition in China has intensified. Huawei’s Ascend 910B and others have gained momentum, closing the gap to Nvidia’s downgraded models within one to two years, according to semiconductor analysts. Nvidia counters this with its CUDA programming ecosystem — a key competitive advantage. With CUDA deeply integrated into AI development workflows globally, it may anchor developer loyalty even as hardware capabilities shift.
Further complicating the picture are whispers of a third chip internally known as “B30” or “B40”, which appears designed to operate in clusters and align with new export rules by focusing restrictions on individual chip rather than entire systems. Reports indicate interest from China’s leading tech companies—ByteDance, Alibaba and Tencent—with ambitions to produce more than 1 million units this year. Nvidia has not directly confirmed the chip, and one Chinese supplier, ZJK Industrial, briefly announced production ramp‑up for the B40 before retracting the statement, triggering increased market speculation.
US officials have shown concern that widespread availability of such chips—even within controlled clusters—could bolster China’s capabilities in foundational model training and inference tasks. Commerce Department Under‑Secretary Jeffrey Kessler recently told lawmakers that AI chip smuggling “is happening”, echoing longstanding export fears. Nvidia’s Huang maintains there is “no evidence” of diversion, but a consistent black‑market narrative continues to shadow the sector.
Chinese firms have outlined plans to deploy thousands of H100 and H200 chips in new data centres, particularly in western provinces such as Xinjiang and Qinghai, where abundant renewable power and cool climates offer logistical advantages. Target installations indicate upwards of 115,000 such processors in aggregated plans—most of which remain aspirational due to export prohibitions and logistical challenges.
Analysts suggest that while Nvidia’s tiered Blackwell chips may temporarily appease China’s AI infrastructure demands, the deeper impact will depend on regulatory outcomes and the strength of the CUDA ecosystem. If export restrictions ease, Nvidia stands to regain momentum; if they tighten, domestic chipmakers like Huawei will likely secure a larger foothold.
This unfolding scenario underscores a shift in semiconductor geopolitics: global tech leaders are adapting designs to fragmented access zones while local players race to fill the vacuum. The episode illustrates how export policy, market demand and strategic software assets intersect in shaping tomorrow’s AI hardware landscape.
HONG KONG SAR – Media OutReach Newswire – 9 July 2025 – On July 9, DL Holdings Group (HKEX:1709) announced via the Hong Kong Stock Exchange that its Real-World Asset (RWA) tokenization project in collaboration with leading fintech company Asseto Fintech Limited (Asseto) has achieved substantial progress. Following the signing of a Strategic Memorandum of Understanding (MOU) on June 30, DL Holdings is poised to become Hong […]
By Dr. Gyan Pathak Though on the eve of the workers’ all India general strike on July 9, 2025, Union Ministry of Labour, Government of India, tried to downplay the strike action by claiming that213 unions had informed of their staying away from the strike, India actually witnessed on Wednesday the largest ever general strike […]
The United Arab Emirates joined the BRICS Finance Ministers and Central Bank Governors Meeting in Rio de Janeiro on 6 July 2025 under Brazil’s rotating presidency, with a focus on the global economic outlook and climate finance. Led by H. E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, the UAE delegation included key figures from the Ministry of Finance and the Central Bank of the UAE.
Al Hussaini opened his remarks by stressing the UAE’s commitment to deepening dialogue on the future of the global financial system and strengthening multilateral cooperation frameworks to face development challenges. He asserted that platforms such as BRICS provide “important opportunity to enhance global economic governance, expand access to innovative financing, and support long‑term financial stability”.
The summit’s agenda was structured into three comprehensive sessions: finance ministries, central banks, and a joint forum examining the international economic landscape, climate finance, and policy coordination. Delegates also discussed a proposal by Brazil to pilot a BRICS Multilateral Guarantee fund via the New Development Bank, aiming to mobilise private investment for infrastructure and climate-related initiatives.
In a move signalling its growing climate finance role, the UAE, alongside China, expressed intention to invest in Brazil’s Tropical Forests Forever Facility — a fund supported by BRICS to safeguard tropical forests. Leaders issued a joint statement underscoring the responsibility of developed nations to contribute to climate mitigation efforts.
Further strengthening the bloc’s role in global economic governance, BRICS finance ministers advanced a unified proposal for IMF reform. The initiative calls for a restructured quota system that reflects current global economic realities, incorporating output and purchasing power to boost representation for emerging economies. The proposal is slated for presentation at the 2025 IMF Review in December.
Discussions included plans for a cross-border payments system to enhance financial integration within BRICS, potentially reducing reliance on Western-controlled mechanisms and promoting monetary coordination among member states.
Brazilian President Luiz Inácio Lula da Silva framed BRICS as a beacon of multilateral diplomacy, likening it to the Non‑Aligned Movement, and warned against Western protectionist trends, including carbon border taxes. He emphasised that the bloc represents 40% of global output and over half the world’s population, and advocated reform of institutions like the IMF and UN Security Council.
The UAE, which joined BRICS in January 2024 and entered the NDB in October 2021, is now actively shaping the bloc’s agenda on governance, finance, and sustainability. Its support for key initiatives highlights a strategic effort to elevate its international role in emergent economies and climate action.
XI’s BICKS NO-SHOW: STRATEGIC SHIFT OR SILENT WARNING? CHINESE SYMBOLISM ON CONFIDENCE IN FULL PLAY M A Hossain In the realm of global politics, symbolism matters almost as much as substance. President Xi Jinping of China has decided not to attend this year’s BRICS summit which will be held in Rio de Janeiro. This is the first time President Xi will not be at the summit since […]
By Saifur Rahman Abu Dhabi Chamber of Commerce and Industry (ADCCI), which represents the private sector of the region’s economic powerhouse Abu Dhabi, said, its new three-year strategy announced in 2024 has started to bear fruits as its membership grew 4.9 per cent to 157,207 between September 2024 and June 2025. Since September 2024, ADCCI has hosted 69 business events with government bodies, welcomed 70 trade and […]
SINGAPORE – Media OutReach Newswire – 9 July 2025 – PROPEL with Singlife, the one-stop shared services hub for financial advisory firms, has been named the winner of the highly coveted Insurtech Initiative of the Year – Singapore award at the 10th Insurance Asia Awards, in recognition of its contributions to the insurance industry in Singapore. This accolade – a first for PROPEL since its official launch […]
U. S. President Donald Trump has announced a sweeping 50 % tariff on copper imports, jolting commodity markets and triggering sharp moves across financial sectors. Copper futures in the United States surged to record highs, while international benchmarks in London and Shanghai retreated under mounting uncertainty surrounding shipment logistics and timing. At a Cabinet meeting, Trump confirmed the unprecedented levy, citing national security and a desire to bolster […]
Continues to see strong growth in traditional powerhouse sectors such as automotive, technology and e-commerce Sees new opportunities in Malaysia for growth in life sciences and healthcare as well as new energy DHL is well-positioned to support Malaysia’s trade and logistics ambitions with expanded investments and capabilities KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 9 July 2025 – DHL, the world’s leading logistics provider, has reaffirmed […]
Grok, the AI chatbot by xAI and integrated with X, posted a series of explicitly antisemitic comments, including praise for Adolf Hitler, before its operators removed text responses. The incident sparked immediate condemnation and renewed scrutiny of AI moderation standards. Grok referred to individuals with Jewish surnames as “radical leftists” and used the phrase “every damn time,” a known antisemitic meme. When asked which historical figure would best […]
SHENZHEN, CHINA – Media OutReach Newswire – 8 July 2025 – Smart home innovator Proscenic is kicking off Prime Day 2025 with one of its biggest sales yet, offering up to 40% off its top-rated vacuums on Amazon from July 8–11 (CEST). With prices starting at just €89, customers can upgrade their summer cleaning routine with powerful, easy-to-use devices designed for every home. In addition to the […]
By Dr. Gyan Pathak Election Commission of India’s order of June 24, 2025 for conducting Special Intensive Revision of Electoral Rolls in Bihar violates its core constitutional responsibility, and is contrary to the well-defined protocol and procedure, and hence whimsical. In the note explaining the process of annual revision/updation of electoral rolls, the ECI has […]
HONG KONG SAR – Media OutReach Newswire – 8 July 2025 – In a bold move to meet soaring global demand for faster, leaner e-commerce fulfillment, Printbelle today announced major expansions to its production capabilities and product catalog, positioning itself as a leading force in the print-on-demand (POD) revolution. The company’s advanced 10,000㎡ facility in Fujian now delivers over 850 customizable products with 24–72 hour production times—helping […]
Google has released Gemini CLI, a terminal‑based interface that brings the Gemini 2.5 Pro model directly into developers’ shell environments, offering a powerful AI‑driven coding assistant alongside content generation and research capabilities. Sign‑in with a personal Google account grants users a free Gemini Code Assist licence, entitling them to an industry‑leading free tier of 60 model requests per minute and up to 1,000 requests per day—previously priced around $200/month for equivalent access […]
Automobili Lamborghini has launched its Temerario model and its GT3 variant as limited-edition digital collectibles, paving the way for a blend of automotive prestige and Web3 innovation. Set to debut in Wilder World, a metaverse platform, the digital Temerarious will also be available via OpenSea and Lamborghini’s proprietary Fast ForWorld ecosystem, with minting beginning on 11 July at $300 each. The Italian marque’s venture comes amidst a […]
Matein Khalid Sri Lanka is one of the most fascinating and drop-dead gorgeous countries I have ever visited, the island once known as Serendip by ancient Umayyad Arab sailors/ruby merchants and Ceylon by the colonial Dutch and British who once ruled the island, an emerald tear drop in the Indian Ocean. I have a special bond with Sri Lanka because my late mother, an artist, used to […]
