OpenAI is seeking at least $30 billion in fresh capital at a valuation of about $1.4 trillion before the new investment, as the ChatGPT maker turns again to private markets after delaying plans for an initial public offering. Discussions with prospective investors remain at an early stage and terms could change, people familiar with the fundraising have said. Investor demand is driving the potential transaction as OpenAI […]
By Arun Srivastava CEC Gyanesh Gupta on September 26, in the eye of the biggest-ever electoral scandal to rock the country, covertly confessed to have committed the criminal misdemeanour of massive voter deletions and electoral manipulation, at the full member meet of the Election Commission of India. As a temporary reprieve, he used the full […]
The article Nationwide Agitation Seeking Sacking Of CEC Gyanesh Kumar Intensifies appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
A wholly owned subsidiary of the Abu Dhabi Investment Authority is participating as a strategic investor in the $2.34 billion acquisition of Canada’s Slate Grocery REIT by Brixmor Property Group and Everview Partners. The transaction, announced by Brixmor and Everview, will divide Slate Grocery REIT’s portfolio of 115 US grocery-anchored shopping centres between Brixmor and a newly formed institutional joint venture. The ADIA subsidiary will invest alongside […]
Financial terms of the transaction were not disclosed. The companies said on Monday that the partnership would combine FSI’s access to Italy’s mid-market businesses with Temasek’s sector expertise and international network, with a focus on helping companies expand into new markets.
FSI manages about €5 billion and concentrates on growth investments in mid-sized businesses. Temasek has previously invested in FSI funds and will make further commitments to future vehicles, including FSI Scale-up Capital Solutions, a fund aimed at high-growth small and medium-sized enterprises.
Nagi Hamiyeh, president of Temasek Global Investments, said Italy was “an integral part” of Temasek’s European strategy. He said the Singapore investor had built its portfolio and relationships in the country over more than a decade, with the pace of investment accelerating in the past few years.
“Our partnership with FSI extends this commitment to the mid-market,” Hamiyeh said, adding that Temasek could use its sector capabilities and global networks to support Italian companies seeking international expansion and long-term growth.
The transaction builds on a relationship that began with Temasek’s investment in FSI funds in 2018. Temasek was an investor in FSI I, which closed in 2019, and FSI II, which closed in 2024. It is also participating in the Scale-up Capital Solutions vehicle launched this year.
FSI’s website says its flagship FSI I and FSI II funds have commitments of €1.4 billion and €1.6 billion respectively, while Scale-up Capital Solutions extends its investment strategy into the lower mid-market. The new vehicle is targeting businesses with growth potential, including companies seeking capital for expansion, acquisitions or international development.
Maurizio Tamagnini, FSI’s chief executive and managing partner, said Temasek had been a founding investor in the firm’s funds and that the two teams had worked together beyond those commitments to identify opportunities across Italian companies of different sizes.
“Today’s step therefore builds on a shared investment culture, experience and deep mutual trust between the leadership of the two institutions,” Tamagnini said. He described FSI as a channel connecting global institutional capital with Italy’s small and medium-sized businesses.
Temasek’s investment also increases its exposure to Italy, where it has invested for more than a decade. Its holdings include interests in luxury groups Ermenegildo Zegna, Golden Goose and Moncler, giving the Singapore company an established presence in one of Italy’s prominent consumer sectors.
The group has also been increasing allocations across Europe, the Middle East and Africa. It aims to invest between €14 billion and €17 billion in the region by 2029 and deployed about €13 billion there during the two financial years ended March 31, 2026.
Temasek reported a net portfolio value of S$518 billion for the year ended March 31, 2026. The company is wholly owned by Singapore’s Minister for Finance, but operates commercially and makes investment decisions independently of the government, according to Singapore’s Ministry of Finance and Temasek’s governance framework.
For FSI, the investment brings a major global institutional investor directly into its management company while preserving the firm’s focus on Italian businesses. FSI says its team has invested more than €3 billion in 25 companies over 15 years and completed more than 50 acquisitions.
Temasek’s move does not give it control of FSI’s management company. The investment is structured as a minority holding, while the additional fund commitments place capital alongside other institutional investors. The arrangement expands the relationship at both the management-company and investment-fund levels without altering FSI’s investment mandate.
Its investment model targets businesses where fresh equity and strategic support can finance expansion without relying primarily on leverage. The firm identifies family-owned companies, fragmented domestic industries and businesses with limited access to capital markets among the areas where it sees opportunities.
Africa should build artificial intelligence around problems faced by its communities rather than import technological priorities designed elsewhere, a member of a United Nations-backed scientific panel has said. Girmaw Abebe Tadesse, a member of the Independent International Scientific Panel on Artificial Intelligence and head of Microsoft’s AI for Good Lab in Kenya, said countries should identify the challenges they want to address before deciding what technology, infrastructure […]
Global investors go into Thursday’s talks between Donald Trump and Xi Jinping with one overriding demand. They want predictability, and they want it with a long runway attached. Markets have already placed a bet on a calm outcome. Wall Street’s benchmark index climbed 1.5% this week to post its best session since early August, while the main US tech index notched its first record close since June. […]
cPanel has issued security updates for a high-severity permissions vulnerability that could allow a local user on a shared server to read calendar events and contact information belonging to other hosting accounts. The flaw, tracked as CVE-2026-68490, affects cPanel and WHM version 120 and later. cPanel said the problem stemmed from incorrect permissions in its CalDAV and CardDAV functionality, creating a route for one local account holder […]
Arabian Post Staff -Dubai Microsoft plans to invest more than $10 billion across the United Arab Emirates, Saudi Arabia, Qatar and Kuwait by 2030, extending its cloud and artificial intelligence infrastructure while placing digital resilience at the centre of its Gulf strategy. The spending programme will cover continued infrastructure development and a broader expansion of Microsoft’s operations across the four countries, Vice Chair and President Brad Smith […]
Arabian Post Staff -Dubai Abu Dhabi-listed MAIR Group has agreed to acquire a 70 per cent stake in Eslab, owner of Turkish-origin specialty coffee chain Espressolab, marking the investment group’s first international acquisition since its stock-market listing. The company said it had signed a share purchase agreement for 70 per cent of Eslab’s issued share capital. Eslab’s founders and existing shareholders will retain the remaining 30 per […]
By K Raveendran The Supreme Court’s hearing on Vande Mataram has exposed the question at the centre of the Modi government’s new law: when does honouring a national symbol become an obligation to voice beliefs a citizen does not hold? The court has given no final answer. Its decision to examine the consequences of refusing […]
The article Supreme Court Tests The Limits Of Mandatory Patriotism appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
By Ashok Nilakantan Ayers NEW YORK: After months of courtroom confrontation, political pressure, Hollywood lobbying and increasingly tense negotiations, Paramount Skydance and Warner Bros. Discovery have finally found a settlement with California and 11 other states that removes the biggest obstacle to their proposed $110 billion merger. It is not quite the closing of the […]
The article Paramount-Warner: Hollywood’s $110 Billion Mega Merger appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Digital-asset companies in South Africa have put at least R2.2 billion of transactions on hold as uncertainty grows over proposed rules that would bring cryptocurrencies more firmly within the country’s exchange-control system. At least three deals have been paused because of the proposed changes, according to people familiar with the transactions. The affected agreements include a large private-equity investment and other deals intended to support small-business capital […]
HONG KONG / GUANGZHOU, CHINA – Media OutReach Newswire – 21 September 2026 — For a young racing driver, there is far more to learn from a kart race than simply setting the fastest lap. Organised by China Hong Kong Motorsports Centre (CHKMC) with the support of IAME Series Asia and HKAA, the opening round of the HK Youth Karting Championship 2026 was recently completed at Guangzhou Conghua International Circuit.
Over two days of practice, qualifying and competitive racing, young drivers from Hong Kong put their training into action, testing their speed, race craft and decision-making under genuine race conditions.
The championship features two categories — Cadet for drivers aged 8–12 using 60cc karts and Junior for drivers aged 12–17 using 125cc karts — competing on the approximately 1.2-kilometre, 14-corner circuit.
From lap time to real race craft
The weekend began with practice, allowing drivers to refine braking points, racing lines and corner-exit speed with support from coaches and mechanics.
Qualifying then challenged competitors to produce a competitive lap within a limited time on track to secure the best possible starting position.
However, once the racing began, outright speed was only part of the challenge.
With multiple karts fighting for position at the very first corner, drivers had to assess the traffic around them, choose attacking or defensive lines and decide when to overtake or hold position.
Over the two days of racing, the young drivers chased each other through various corners, with moments of side-by-side cornering, defending positions, and looking for overtaking opportunities. For young drivers, managing traffic on the track, race pressure, and split-second decision-making are experiences that are difficult to fully simulate in routine solo practice.
These situations help young drivers develop genuine race craft, which is an important step for a driver to learn, progress and grow in motorsports.
One Make Karting unifies kart and engine specification, putting the focus on the driver
The championship adopts a One Make Karting / Arrive & Drive format, with race karts and competition equipment arranged to a unified specification, together with designated practice and race tyres.
By reducing equipment differences, the format places greater emphasis on driving technique, consistency, decision-making and race strategy.
It also gives young racers stepping into competitive racing for the first time the opportunity to experience a complete race weekend, from practice and qualifying to race starts, on-track battles and post-session analysis.
The value of the first race is not measured by podium positions
In youth motorsport, results are important, but racing experience often has to be built up race by race.
A position gained or lost at the start, choosing the right moment to overtake, or learning how to recover after a mistake can become valuable lessons for the next race.
CHKMC Head Coach Chester Lam said, “Training can teach a driver racing lines, braking points and kart control, but a real race involves other drivers, starts, attack and defense, and pressure. It is a completely different situation.”
“Young drivers need real racing to gradually learn how to read a race. Every time they complete a race, they should be equipped with more experience than they had before.”
Karting has long been one of the first forms of competitive motorsport experienced by many professional racing drivers. CHKMC hopes to create more opportunities for young people in Hong Kong to develop from fundamental training to track driving and, ultimately, real racing.
From Hong Kong to a wider Asian racing stage
The aim of the HK Youth Karting Championship is not for every participant to become a front-running racer immediately, but to provide a platform where young drivers can compete, make mistakes, learn and gradually build their racing experience.
From lining up on the starting grid to attempting an overtake, defending a position or understanding tyres and changing track conditions, every race adds another layer to a young driver’s development.
The championship also connects young racers with the wider Asian karting scene.
Strong performers in the Cadet and Junior categories may have the opportunity to progress towards the IAME Asia Final 2026 in Macau, competing alongside drivers from across the region.
Round 1 complete, attention turns to the next challenge
Following the opening round, drivers and coaching teams started reviewing lap times, racing lines and overall performance as they prepare for the next race.
The HK Youth Karting Championship 2026 will continue with its next round at Guangzhou Conghua International Circuit on 10 – 11 October 2026, giving young racers another opportunity to apply what they learned and continue building valuable race experience.
For a young driver, the chequered flag at the end of one race is not the end of the journey.
It is preparation for the next one.
About HK Youth Karting Championship 2026
Categories:
Cadet — Ages 8–12 / 60cc
Junior — Ages 12–17 / 125cc
Circuit: Guangzhou Conghua International Circuit
Organiser: China Hong Kong Motorsports Centre (CHKMC)
Supported by: IAME Series Asia
Enquiries
China Hong Kong Motorsports Centre (CHKMC)
Tel: +852 6288 6268
Website: www.chkmc.com.hk
Hashtag: #CHKMC #廣州從化國際賽車場 #中國香港賽車運動中心 #青少年賽車 #青少年車手 #青年車手
The issuer is solely responsible for the content of this announcement.
Ed Sheeran has said his “heart has been broken” by the scale of civilian suffering in Gaza, while apologising for mistakes made amid the dispute over rapper Macklemore’s removal from his United States tour. Addressing fans at Lincoln Financial Field in Philadelphia on Saturday, Sheeran described the situation in Gaza as “catastrophic and unjustifiable and disproportionate” and said the humanitarian toll had forced him to speak publicly […]
Arabian Post Staff -Dubai Qatar’s prime minister has called for Gulf states to act together to restore regional stability and help secure a settlement between the United States and Iran, arguing that the war should force governments to rethink how security is organised across the Gulf. “We are hoping this war is a wake-up call for everyone,” Sheikh Mohammed bin Abdulrahman Al-Thani said on Sunday at the […]
By K Raveendran Donald Trump now possesses one of the most formidable economic weapons available to an American president against countries sustaining Russia’s energy revenues. Yet, the decision on how aggressively to wield it is complicated by a contradiction that Washington cannot easily escape: squeezing Russian oil out of the international market could also push […]
The article Sanctions Against Russian Oil Collide With Economics Of Affordable Oil appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Sharjah Research, Technology and Innovation Park has completed the first cohort of its BASE39 Creative Accelerator, showcasing furniture and collectible design projects developed through months of mentoring, prototyping and industry engagement. The programme ended with a gallery showcase held from September 14 to 18 at the park, where participating designers presented products shaped through research, material exploration, fabrication and commercial development. An awards ceremony recognised three projects […]
TypeSafe AI has released Jev, a transformer-based artificial intelligence model designed to make structured decisions for software rather than generate conversational text, drawing strong early interest from developers seeking faster and cheaper automation tools. The San Francisco start-up, founded by former OpenAI researcher Diogo Almeida, introduced Jev as its first “System One” model after two years in stealth. Almeida helped develop research behind ChatGPT and reinforcement learning […]
Russian President Vladimir Putin has placed Nestlé’s main Russian businesses and assets linked to three French groups under temporary management by L. E. V. Management, widening Moscow’s control over foreign-owned companies still operating in the country. The presidential decree, signed and published on Thursday, covers Nestlé Russia and Nestlé Kuban, as well as interests connected to retailer Auchan, logistics group FM Logistic and Groupe Adeo, the owner […]
Arabian Post Staff -Dubai Abu Dhabi Investment Authority has been allocated shares worth about 2 billion rupees in the National Stock Exchange of India’s anchor book, placing the sovereign wealth fund among the largest institutional investors in the exchange’s 67.46 billion-rupee pre-IPO placement. NSE allotted 37.79 million shares to 189 anchor investors at 1,785 rupees each, the top of its 1,700-1,785 rupee price band, according to the […]
South Korean President Lee Jae Myung has ruled out sending troops or military assets into the US-led war against Iran, drawing a firm line around Seoul’s involvement despite pressure from President Donald Trump. Lee said at a news conference on Friday that South Korea would not make any deployment that could pull the country into combat. “There will be no dispatch of troops that will lead to […]
GUANGZHOU, CHINA – Media OutReach Newswire – 17 September 2026 – Lee Kum Kee Sauce (“Lee Kum Kee”), the century-old sauce brand and the only sauce and condiments brand among this year’s Forum partners, actively participated in the 2026 Fortune Global 500 Forum, held on September 16 in Guangzhou, China. Julie Xing, Ph.D., Global Board Chairman and Chief Executive Officer of Lee Kum Kee Sauce, was invited to speak at a panel discussion and to attend the Most Powerful Women (MPW) Breakfast, joining other leading global business leaders to explore the key pathways for enterprises to achieve sustainable growth.
Under the theme “The New Growth Equation”, this year’s forum brought Dr. Xing and three other industry leaders, including Pingyi Huang, Senior Vice President of Shandong Weiqiao Pioneering Group Co., Ltd.; Weiming Xiang, Vice President, GE Aerospace and President, GE Aerospace Greater China; and John Qu, Senior Partner, McKinsey & Company, for a panel discussion titled “The Invisible Moat: Revaluing Soft Power and Sustainability”. Moderated by Wei Yue, Senior Editor at Fortune China, the discussion explored what truly constitutes long-term advantages that can withstand cycles amid rapid technological iteration and intensifying competition. Topics spanned brand trust and consumer mindshare in consumer goods, data insights and organizational transformation in the AI era, and the pathways and stages of globalization for Chinese enterprises.
During the Forum, Dr. Xing was invited to share her insights at the MPW Breakfast themed “Decision-Making Power in the Age of Efficiency”, where she joined leaders from across industries to discuss opportunities and challenges for businesses in the new era. She highlighted that while AI enhances operational efficiency, human judgment, leadership and long-termism remain more critical competitive advantages.
As a recipient of the 2026 Fortune China’s MPW list, Dr. Xing has earned this recognition for three consecutive years. Launched in 2010, the MPW list is regarded as one of the most representative rankings of women business leaders in China.
The Fortune Global 500 Forum this year brought together representatives from over 350 leading global companies, academic institutions, and business leaders worldwide. Discussions focused on topics including artificial intelligence, global supply chain transformation, sustainable development, and opportunities in emerging markets.
Looking ahead, Lee Kum Kee will continue to uphold its commitment to quality and innovation. Alongside driving business growth, the company will further deepen its sustainability practices, nurture talent, and enhance corporate governance, working with all stakeholders to forge new pathways to high-quality growth.
Hashtag: #LeeKumKee #LKK
The issuer is solely responsible for the content of this announcement.
Lee Kum Kee Sauce is the global gateway to Asian culinary culture, dedicated to promoting Chinese culinary culture worldwide. Since 1888, it has brought people together over joyful reunions, shared traditions and memorable meals. Beloved by consumers and chefs alike, Lee Kum Kee Sauce’s range of more than 300 sauces and condiments sparks creativity in kitchens everywhere, inspiring professional and home chefs to experiment, create and delight. Headquartered in Hong Kong, China and serving over 100 countries and regions, Lee Kum Kee Sauce’s rich heritage, unwavering commitment to quality, sustainable practices and “Constant Entrepreneurship” combine to enable superior experiences through Asian cuisine for people worldwide. For more information, please visit 
www.LKK.com.
Fortune is the premier global media company for global business leaders, built on a 96-year-old legacy of trusted, award-winning journalism. Independently owned, Fortune tells the story of business, spanning legacy companies to the world’s new generation of innovators. Fortune measures corporate performance through rigorous benchmarks, and holds companies accountable, in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World’s Most Admired Companies. Fortune builds world-class communities by convening industry thought leaders for exclusive summits and conferences, including the Fortune Global Forum, Fortune Brainstorm Tech, and Fortune Most Powerful Women. For more information, visit fortune.com.
By P. Sreekumaran THIRUVANANTHAPURAM: A big salute to the CPI(M)’s lower-level leaders and the party cadres. For, it was their bold, open and trenchant criticism of the leadership which forced the party to go for a change for the better. The party’s central leadership, ably led by general secretary M. A. Baby, also deserves full […]
The article Kerala CPI-M in self-critical, corrective mode at three-day conclave appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Middle East supply disruptions are accelerating Africa’s drive to expand domestic refining and production as governments and companies seek to reduce exposure to volatile fuel costs and vulnerable shipping routes. Disruption around the Strait of Hormuz and Red Sea has pushed energy markets higher, raising import bills across a continent where most countries remain net buyers of crude or refined petroleum products. The African Development Bank says […]
