Polygon has launched a native liquid staking token called sPOL, a move designed to free up roughly $330 million worth of staked POL for use across decentralised finance, while drawing fresh market attention to whether the network can convert technical upgrades into stronger token demand. The launch gives users who stake POL on Polygon’s proof-of-stake network a liquid token in return, allowing them to keep earning staking […]
Axight, the Abu Dhabi private equity investment manager established by Lunate, has agreed to buy a significant minority stake in Australia’s La Trobe Financial from Brookfield Asset Management in a transaction that values the alternative asset manager at about A$3 billion, or roughly US$2.1 billion. Brookfield will remain the majority shareholder after the deal, which the companies said is intended to support La Trobe’s next stage of […]
Rockstar Games’ Grand Theft Auto VI is heading towards a 19 November 2026 release, but the loudest conversation around the title this month is not coming from the studio’s official marketing. It is being driven by a new wave of leak claims and online speculation that suggest major changes to the game’s story structure, character dynamics and wider design, even as Rockstar itself has confirmed only a […]
Greenlogue/AP Warblers are returning north across North America into a spring season that is becoming harder to read and more dangerous to survive, as warming temperatures alter the timing of leaf-out, insect peaks and stopover conditions along routes these small songbirds have followed for generations. New reporting and scientific studies indicate that many migratory birds are no longer keeping pace with the changing onset of spring, raising […]
OpenAI has moved deeper into the scientific market with the launch of GPT-Rosalind, a specialist artificial intelligence model designed for biology, drug discovery and translational medicine, marking the company’s first dedicated push into life sciences as pharmaceutical groups and research institutes race to test whether advanced reasoning systems can shorten the slow and costly path from laboratory insight to new treatments. Announced on April 16, GPT-Rosalind is […]
Hackers are probing older TP-Link home routers in an effort to turn them into Mirai-style botnet nodes, using a known command-injection flaw tracked as CVE-2023-33538. Security researchers say the activity targets discontinued router models and appears to be automated, with scanning and exploit attempts designed to fetch and run malware on exposed devices. The flaw itself is genuine and serious, even though some of the attack traffic […]
Arabian Post Staff -Dubai Google is preparing to take its Android XR eyewear effort into luxury fashion through a partnership with Gucci, with Kering chief executive Luca de Meo saying the smart glasses are expected by 2027 rather than this year. The plan gives Google a high-end brand partner as it tries to turn experimental smart eyewear into something consumers will actually wear in public. The […]
Kingdom Holding Company has agreed to buy a 70% stake in Al Hilal from Saudi Arabia’s Public Investment Fund, in a transaction that marks a new phase in the Kingdom’s football privatisation drive and puts one of the country’s highest-profile clubs under the control of Prince Al Waleed bin Talal’s investment group. The binding agreement, announced on Thursday, values Al Hilal at an implied enterprise value of […]
A court in Saratov has fined a local news agency and one of its executives after the outlet published a review of the television series Heated Rivalry, in a case that underlines how far Russia’s campaign against LGBTQ+ expression now extends into ordinary cultural coverage. The Oktyabrsky District Court in Saratov imposed a 500,000-rouble penalty on SaratovBusinessConsulting, widely known as SarBC, over an article that discussed why […]
Arabian Post Staff -Dubai Dubai has moved to widen the role of small and medium-sized enterprises in its property market after Dubai SME and Dubai Land Department signed a memorandum of understanding aimed at giving entrepreneurs greater access to owners’ associations and real-estate operations, as the emirate pushes ahead with a broader strategy to deepen private-sector participation in one of its strongest growth industries. The agreement, announced […]
Arabian Post Staff -Dubai EDGE Group and Indra Group have agreed to explore the development and production of next-generation radar systems in Brazil, extending a defence partnership that has widened from the Gulf into Europe and now Latin America. The memorandum of understanding was signed at LAAD Security 2026 in São Paulo, where both companies said the plan is intended to help build a domestic radar production […]
Cardano is drawing fresh attention after a burst of on-chain activity revived debate over whether stronger network usage can translate into a rebound for ADA, the blockchain’s native token, after a prolonged spell of weak price action. The trigger for the discussion was commentary tied to staking infrastructure provider Everstake, which said daily active addresses and transaction counts had risen sharply over the past three months, feeding […]
Europe’s cybersecurity agency has moved to strengthen its influence over the global system used to identify and catalogue software flaws, with ENISA no longer merely seeking a bigger role in the Common Vulnerabilities and Exposures programme but already holding Root status in a shift that gives the EU a stronger hand in how vulnerabilities are coordinated across borders. The development matters because the CVE system remains a […]
Google has issued an emergency-style security update for Chrome after disclosing 31 vulnerabilities in the desktop browser, including five rated critical, in a release that underlines how quickly memory-safety flaws in widely used software can become a serious risk for consumers, businesses and public institutions. The stable desktop channel moved on April 15 to version 147.0.7727.101/102 for Windows and Mac, and 147.0.7727.101 for Linux, with the rollout […]
Amazon has struck an $11.57 billion deal to buy Globalstar, a move that would give the technology group a sharper edge in satellite communications, deepen its rivalry with SpaceX’s Starlink and place it at the centre of the next phase of smartphone connectivity, including services tied to future iPhone and Apple Watch models. The proposed acquisition, announced on April 14, would fold Globalstar’s satellites, spectrum assets and […]
Chevron has struck new agreements with Venezuela to expand oil production in the Orinoco Belt, tightening its focus on the country’s vast extra-heavy crude reserves at a time when Caracas is trying to pull foreign capital back into its energy sector and Washington has loosened some restrictions on dealings with the country’s oil industry. The agreements, reached with state oil company PDVSA, give Chevron a larger position […]
Deutsche Börse has moved further into digital assets with a reported $200 million investment in Kraken’s parent, Payward, a deal that would give the German exchange operator a 1.5 per cent fully diluted stake and extend a partnership the two sides unveiled in December. The transaction, first reported by Bloomberg and subsequently echoed by Reuters, is said to be due to close in the second quarter, subject […]
Formula 1 could return to Greater Noida in 2027 if the government, circuit stakeholders and the sport’s commercial side can align on taxes, approvals and financing, after Sports Minister Mansukh Mandaviya said work was under way to revive the race at the Buddh International Circuit. His remarks have revived expectations among motorsport followers, but the project remains at the stage of negotiations rather than confirmation.
Mandaviya said the government was trying to remove the tax obstacles that helped drive Formula 1 out after three editions between 2011 and 2013, and indicated that multiple companies had shown interest in backing a comeback. The minister’s comments suggested the state would act as a facilitator rather than the sole organiser, a crucial distinction for an event whose economics depend on promoter strength, sanction fees, logistics and long lead times. He also pointed to the Buddh International Circuit as the intended venue, restoring focus to a track that once hosted Sebastian Vettel’s dominant Red Bull era and briefly placed the country on Formula 1’s world calendar.
Yet the gap between political intent and a confirmed Grand Prix remains significant. Formula 1’s 2026 championship calendar is already full, running across 24 rounds with Madrid added and no India slot. Reporting on the sport’s response to the 2027 target indicates that while the market is viewed favourably, a race by that year is not considered likely at this stage because staging a Grand Prix requires complex planning and coordination. That makes the current push look more like an opening bid than a settled return date.
The tax issue is not a minor footnote but the central fault line in the story. Formula 1’s earlier spell at Buddh was overshadowed by disputes over whether the event qualified as sport or entertainment, and by arguments over customs duties and the tax treatment of revenues tied to the race. Reuters reported as far back as 2011 that teams were concerned about possible tax exposure, and by 2013 the Grand Prix had already fallen off the following year’s calendar amid mounting financial and bureaucratic strain. Mandaviya’s promise of tax relaxations is therefore a direct attempt to answer the problem that helped sink the event the first time.
Buddh itself remains the natural choice because it is the only proven Formula 1 venue in the country, but it is not simply a matter of reopening the gates. Any return would require circuit readiness, operational planning and the backing of a promoter capable of sustaining a high-cost international event. The minister said three companies had approached the government, and separate reports have suggested corporate interest around the circuit’s future, although no final transaction or race agreement has been announced. The absence of a named promoter with a signed commercial deal is one reason the 2027 target still looks aspirational.
There is also a broader question about whether the circuit can first rebuild confidence through other top-tier events. Mandaviya said a MotoGP race could be staged before Formula 1’s return, but the two-wheel championship’s own scheduling history at Buddh shows how hard that can be. MotoGP held its first race there in 2023, then postponed the 2024 event to 2025, later shifting the country’s return to 2026 under a fresh agreement with Uttar Pradesh. That record does not rule out Formula 1, but it does underline how major motorsport events in the market have struggled with continuity.
Even so, the commercial logic behind the revival effort is clear. Formula 1 has been expanding in markets that offer strong broadcast audiences, sponsor interest and long-term fan growth, and the country remains attractive on all three counts. A youthful audience, a large digital sports market and the symbolic value of restoring a race near the capital region all strengthen the case. What the bid still lacks is the final layer that matters most in Formula 1: a binding agreement among the rights holder, a credible promoter, public authorities and a venue ready to meet the sport’s demands.
Greenlogue/AP QatarEnergy has announced a hydrocarbon discovery offshore the Republic of Congo, adding fresh momentum to its international upstream drive and strengthening the case for further low-cost development around existing West African production hubs. The find was made at the MHNM-6 NFW exploration well in the Moho G structure under the Moho offshore exploration and production licence. The well encountered a hydrocarbon column of about 160 metres […]
A tanker under U. S. sanctions has passed through the Strait of Hormuz despite Washington’s new maritime restrictions around Iranian ports, raising fresh questions over how tightly the measures can be enforced and how much disruption they will inflict on a waterway central to global energy trade. Shipping data cited by Reuters showed the vessel, Rich Starry, moving through the chokepoint on Tuesday after loading methanol at […]
Arabian Post Staff -Dubai Countries should avoid hoarding fuel supplies and imposing export controls that deepen shortages, the International Monetary Fund, World Bank and International Energy Agency said in Washington on Monday, as war-linked disruption in the Middle East drove oil back above $100 a barrel and sharpened fears over inflation, growth and food security. The three institutions issued the warning while opening a coordinated response aimed […]
“Service is the foundation of our business, and innovation in how service is delivered is increasingly important as customers seek greater reliability and better visibility into performance,” said Judy Marks, Chair, CEO and President, Otis Worldwide Corp. “WeMaintain has built a strong technology platform and agile operating model that reflects how quality service is delivered in a fast-paced, digital and customer-centric environment. We are confident in their growth potential and believe this investment supports their continued success while creating long-term value for both organizations.”
“Otis’ investment allows us to stay focused on what we do best – continuing to build and advance our technology and scale our business as an independent company,” said Benoit Dupont, WeMaintain CEO. ” With the stability and support of the global industry leader, we are well positioned to strengthen our offering while maintaining the close customer relationships and high standards that have always defined our approach.”
Otis and WeMaintain will operate as separate entities, and WeMaintain will continue to offer its agnostic IoT and AI-based solution to its current and future customers.
Hashtag: #Otis #WeMaintain
The issuer is solely responsible for the content of this announcement.
Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation, service and modernization of elevators and escalators, we move 2.5 billion people a day and maintain approximately 2.5 million customer units worldwide – the industry’s largest Service portfolio. You’ll find us in the world’s most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 45,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit 
www.otis.com and follow us on 
LinkedIn, 
YouTube, 
Instagram and 
Facebook @OtisElevatorCo.
About WeMaintain
WeMaintain was founded in 2017 by Benoit Dupont and Jade Francine on the belief that building maintenance could be smarter, more transparent, and more impactful. We combine AI-driven insights, IoT-powered data, and on-the-ground expertise to deliver real-time visibility, enhanced operational efficiency, and increased asset reliability for building owners and operators.
With operations across Asia and Europe and more than 350 employees, we provide services and solutions for elevators, escalators, automatic doors, and fire safety systems.
Our human + tech approach sets a new standard for service quality, customer experience, and growth.
To learn more, visit WeMaintain.com and follow us on LinkedIn.
TCL Electronics is exploring the sale of a stake in its television manufacturing business in India to local buyers, in a move that could help the Chinese consumer electronics group expand more deeply in one of the world’s fastest-growing electronics production bases, according to people familiar with the matter. Bloomberg reported the company is working with an adviser and is seeking to raise at least $200 million from the proposed stake sale.
The deliberations point to a broader shift in strategy for global electronics groups operating in India, where policy support for domestic manufacturing, supply-chain localisation and greater local participation in ownership are increasingly shaping investment decisions. India approved more than $750 million in projects for electronic component manufacturing at the end of March and has set a target of lifting electronics output to $500 billion by fiscal 2031, up from $125 billion in the year to March 2025.
TCL has spent years building out its industrial footprint in the country. The group’s Tirupati manufacturing base, unveiled as its largest such facility outside China, was designed to produce TV and mobile phone screens at scale. Economic Times reported the plant was built with annual capacity for eight million large-sized TV screens and 30 million small-sized mobile screens.
That industrial push has since been reinforced by TCL CSOT India, the company’s display-panel arm, which said it had completed three production lines with monthly capacity of 1.2 million units and was moving towards full bonding, lamination and assembly operations with capacity reaching two million units a month. The company said the India operation was supplying panel modules to customers including Samsung, underscoring that the business is not only about selling finished televisions under the TCL brand but also about embedding itself in the wider supply chain.
A partial stake sale to domestic investors would therefore carry strategic weight beyond capital raising. It could give TCL stronger local alliances, improve regulatory comfort, and help the company navigate a market where manufacturing, sourcing and ownership are increasingly entwined with industrial policy. It may also position the business more favourably in dealings with state governments, suppliers and large retail channels as competition intensifies across the television segment. The company has not publicly announced any transaction, and the talks may not lead to a deal.
For TCL, India matters not just as a sales market but as a production and export platform. The company’s 2024 annual report showed it shipped 29 million televisions worldwide last year, with global market share by shipments rising to 13.9%, placing it among the top two TV brands globally, according to Omdia data cited by the company. The same report said TCL ranked among the top three in retail sales volume in nearly 20 overseas markets and recorded strong growth across emerging markets, including the Middle East and Africa.
Those figures help explain why TCL may be seeking a structure that allows it to preserve momentum in India while adapting to local realities. India is becoming harder to treat as a simple import destination. Policy incentives are encouraging assembly, component manufacturing and deeper supply-chain integration, while geopolitical tensions and tariff shifts are prompting multinational groups to diversify production beyond a single geography. For television makers, that means scale alone is no longer enough; local manufacturing depth and political acceptability also matter.
The move also reflects a wider pattern among Asian electronics manufacturers, many of whom have expanded capacity in India to reduce dependence on imports and align themselves with official manufacturing goals. Reuters reported in late March that New Delhi’s incentive programmes are aimed at cutting import dependence and strengthening local supply chains. That policy environment has created room for both foreign and domestic investors, but it has also made partnership structures more attractive than wholly externally controlled operations in sensitive or high-volume sectors.
Brussels is preparing to urge European Union governments to cut electricity taxes and trim power-grid charges, betting that cheaper power can both shield households and industry from the latest oil and gas shock and speed the shift towards cleaner technologies. The move comes as the European Commission tries to contain the economic fallout from surging fossil-fuel prices without abandoning the bloc’s longer-term decarbonisation plans. The recommendation would […]
