New York’s attorney general has sued Valve Corporation, accusing the video game developer of running unlawful gambling schemes through loot boxes embedded in some of its most popular titles. The civil complaint alleges that digital items sold in Counter-Strike 2, Team Fortress 2 and Dota 2 function as games of chance and expose minors to gambling mechanics in breach of state law. Attorney General Letitia James contends […]
Security conditions across the United Arab Emirates remain stable, authorities have said, as regional tensions escalate following coordinated military strikes on Iran by Israel and the United States. The National Emergency, Crisis and Disaster Management Authority stated that the situation within the country is under control and that relevant entities are maintaining round-the-clock monitoring. The authority added that contingency plans are in place and that coordination with […]
South Korea has approved the export of high-precision digital map data to Google, reversing a stance that had restricted full functionality of Google Maps for nearly two decades and placing strict security conditions on how the information can be used.
The decision, confirmed by government officials in Seoul, means that Google will be able to access detailed geospatial data that had until now been kept on domestic servers. For years, South Korea was among a small group of countries where Google Maps could not provide full navigation and mapping services comparable to those available elsewhere, largely because authorities refused to allow sensitive map data to be transferred overseas.
At the centre of the dispute has been a law requiring foreign companies to store high-resolution map data within the country and to obscure sensitive military and national security sites. Successive administrations had argued that exporting such data could pose security risks, given the peninsula’s unresolved conflict with North Korea and the concentration of military facilities across the country.
Government officials said the new approval was contingent on compliance with domestic security requirements. Google must ensure that certain locations, including military bases and other designated facilities, remain blurred or restricted. Authorities also require that the company adhere to data protection rules and co-operate with regulators in the event of security concerns.
Google has sought access to South Korea’s detailed mapping data for more than a decade, arguing that restrictions placed it at a disadvantage compared with domestic platforms such as Naver and Kakao, which provide comprehensive navigation services. Visitors to South Korea have long found that Google Maps lacked turn-by-turn driving directions and detailed public transport information, relying instead on locally licensed data sets with limited functionality.
The dispute dates back to 2007, when Google first requested permission to export high-resolution maps. Further requests were submitted in 2016 and 2023, but regulators rejected them, citing national security. The approval now marks a significant policy shift as Seoul seeks to balance security concerns with digital competitiveness and foreign investment.
Officials familiar with the review process said the government assessed technological safeguards, including the ability to mask sensitive sites automatically and to comply with takedown requests. The review involved multiple ministries, including the Ministry of Land, Infrastructure and Transport and security agencies, reflecting the political sensitivity of the issue.
The move comes at a time when South Korea is positioning itself as a hub for advanced technology, including artificial intelligence, autonomous vehicles and smart city development. High-precision mapping is considered a critical component of these sectors. Industry analysts note that restrictions on cross-border data flows can deter global technology firms and complicate integration into international digital ecosystems.
Domestic mapping companies have built strong businesses under the existing regulatory framework. Naver’s Map service and KakaoMap dominate local navigation, offering features tailored to South Korean users, including real-time traffic data and detailed indoor mapping for shopping centres and transit hubs. Some industry observers say opening access to global competitors could intensify competition, though others argue that the overall market may expand as services improve.
Security experts have long warned that high-resolution mapping data could be exploited for hostile purposes if improperly handled. South Korea’s proximity to North Korea, where tensions periodically flare over missile tests and military exercises, has shaped policymaking on sensitive technologies. The government’s conditions are designed to mitigate such risks while avoiding outright prohibition.
Civil society groups have also raised privacy concerns, urging regulators to ensure that location data collected through mapping services is not misused. South Korea has some of the world’s most stringent personal data protection laws, and regulators have previously imposed fines on global technology firms for breaches.
The approval aligns South Korea more closely with other advanced economies that permit cross-border transfer of geospatial data subject to safeguards. Countries such as Japan and members of the European Union allow global platforms to operate mapping services with local compliance requirements, rather than mandating domestic data storage.
For foreign tourists and business travellers, the change is expected to improve usability of Google Maps within South Korea. Travel industry representatives have long argued that the limitations caused confusion for visitors accustomed to relying on Google’s navigation tools. Enhanced functionality could support tourism and international business activity, particularly in major cities such as Seoul and Busan.
Technology policy specialists say the decision reflects a broader recalibration of digital regulation. As data becomes central to economic growth, governments are reassessing rules designed in an earlier era of the internet. South Korea has faced pressure from trade partners to ease data localisation requirements, especially under digital trade provisions in bilateral and regional agreements.
Block, Inc. disclosed a strategic increase in its Bitcoin holdings during the fourth quarter of 2025, purchasing 340 bitcoins valued at roughly $22 million and bringing its total treasury reserve to about 8,883 BTC. The acquisition forms part of the fintech company’s long-term asset allocation strategy, underscoring its continued commitment to digital asset accumulation even as broader market conditions fluctuate. This move emerged alongside earnings results that […]
Trading activity across major perpetual-futures decentralized exchanges has weakened, with key protocols reporting lower volumes as market sentiment across digital assets shows persistent strain. Data compiled by industry trackers indicates that the leading perpetual DEX, Hyperliquid, saw its trading volume fall by about 15.5 per cent over one 24-hour period, even as it remained by far the largest venue by daily activity. Hyperliquid processed roughly $60.3 billion […]
Abu Dhabi is preparing to export increased volumes of its flagship Murban crude for April delivery as part of a broader effort by Gulf producers to strengthen supply ahead of a pivotal OPEC+ gathering and amidst mounting geopolitical uncertainties. The state-owned Abu Dhabi National Oil Company has offered additional barrels to its partners in the onshore concession that produces the light, low-sulphur grade, traders said. It remains […]
Arabian Post Staff -Dubai President Donald Trump announced early on Saturday that the United States military had launched “major combat operations” in Iran, marking a dramatic escalation in long-running tensions between Washington and Tehran. Trump said the strikes were intended to target what he described as imminent threats posed by the Iranian regime, and declared that American forces were acting to protect the United States, its military […]
A wave of class-action lawsuits filed by individual customers against large corporations has brought Washington’s tariff reversal into a new legal front, as shippers and retail buyers press for restitution of fees they say were unlawfully imposed. Plaintiffs have targeted delivery giant FedEx and eyewear maker EssilorLuxottica, which owns the Ray-Ban brand, arguing that costs passed on to consumers after a Supreme Court ruling invalidating former President […]
Matein Khalid Mr. Market is a metaphorical schizophrenic pendulum who swings between extremes of fear and greed, thus giving us a chance to make money at inflection points on both ends of the spectrum. So here we are in a surreal world of extreme fear on Nasdaq where the PEG ratios for Procter & Gamble is 5.4, for Coca Cola is 3.64, Johnny-Johnny is 2.4, Pepsi is […]
Bitcoin weakened sharply amid a broader shift in investor sentiment after the release of United States inflation figures that showed producer prices rising more than expected, prompting traders to dial back risk exposure and temper expectations of near-term interest rate cuts by the Federal Reserve. The world’s largest cryptocurrency slipped back toward the key $65,000 level, erasing much of the mid-week rally that had pushed prices toward […]
Despite the complex and ever-changing external environment, Mr Chan noted that Hong Kong’s financial market had performed strongly and the city’s financial system remains robust.
In 2025, Hong Kong ranked first globally for funds raised through initial public offerings.
“We will continue to consolidate our existing strengths, tap into emerging fields, strengthen market systems and risk control and deepen financial co-operation in the Greater Bay Area,” Mr Chan said. “By doing so, we will enhance Hong Kong’s role as an international financial centre on all fronts and contribute to the national strategic goal of ‘accelerating China’s development as a financial powerhouse’ “.
With Hong Kong being the world’s largest hub for offshore Renminbi (RMB) business, the Financial Secretary said the city would leverage its unique strengths and proactively align with national development strategies.
For advancing the internationalisation of the RMB, Mr Chan said Hong Kong would facilitate the wider use of RMB in activities such as trade and cross-boundary business; reduce transaction costs; enrich product offerings in the offshore RMB market; improve price discovery in the short-to-medium-term-interest-rate market; and attract high-quality issuers to increase RMB bond issuance in Hong Kong.
In 2025, the stock market delivered a stellar performance. The Hang Seng Index rose by 28 per cent over the year. The daily turnover surged by 90 per cent to a historic high of close to $250 billion (US$32 billion).
Mr Chan said the Hong Kong Exchanges and Clearing Limited (HKEX) would continue enhancing the securities market, attracting issuers and boosting market efficiency.
“We will also introduce the next stage of reforms, including enhancing the regulatory regime for listed companies, providing specific guidelines for overseas companies seeking secondary listing in Hong Kong, offering more overseas markets as recognised exchanges, and continuing to explore with the market the provision of an over-the-counter trading platform for delisted stocks or those requiring special handling.
“The electronic bond-trading platform will also be launched in the second half of this year, thereby reinforcing Hong Kong’s position as a global fixed income and currency hub,” he said.
To attract more family offices and funds to set up in Hong Kong, Mr Chan said Hong Kong would enhance the tax regime, including expanding the scope of “fund” to cover specific funds-of-one, as well as classifying digital assets, precious metals, and specified commodities, etc. as qualifying investments eligible for tax concessions.
Regarding the development of digital assets, the Government published the second policy statement for developing Hong Kong into a global hub for digital asset innovation through the establishment of a comprehensive regulatory framework.
A bill will be introduced this year to establish licensing regimes for, among others, digital asset dealing and custodian service providers.
“We will also explore the adoption of electronic signature for bond issuance documents and the digitalisation of bearer bonds,” Mr Chan said.
To promote the application of fintech and enhance the efficiency of the asset management market, the CMU OmniClear, a market infrastructure operator established by the Hong Kong Monetary Authority, will establish a digital asset platform this year. It will support the issuance and settlement of digital bonds. The platform will also be gradually extended to other digital assets and linked with other tokenisation platforms in the region, consolidating Hong Kong’s leading role in the realm of digital assets.
In order to build an international gold trading market in Hong Kong, Mr Chan said the Government would explore offering tax incentives for eligible institutions conducting gold trading and settlement in Hong Kong; assist the industry in setting up an industry-led trade association to consolidate resources, step up promotion, and foster ties with industry stakeholders from around the world; and help the industry keep abreast of the latest gold market developments, acquire relevant skills and develop a training framework.
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By Ashok Nilakantan Ayers NEW YORK: When Narendra Modi walked into the Knesset and told Israel’s parliament during his visit to Israel on February 25-26, that “peace and stability in West Asia are directly linked to India’s security,” he was doing more than delivering a diplomatic courtesy. He was planting a flag. India, under its […]
The article How Narendra Modi Shattered The Indian Foreign Policy Tradition During Visit To Israel appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Khalifa Economic Zones Abu Dhabi has signed a 50-year land lease agreement with Galadari Brothers’ Heavy Equipment Division to develop a large-scale logistics and distribution hub at KEZAD A in Al Ma’mourah, marking another long-term industrial commitment within Abu Dhabi’s flagship manufacturing and trade zone. The agreement covers a 150,000 square metre plot and represents an investment of AED75 million by Galadari to establish a purpose-built facility […]
A 20-year-old woman has taken the stand in Los Angeles County Superior Court to describe what she says was a damaging childhood addiction to social media platforms owned by Meta and Google, in a landmark civil trial that could reshape how tech companies are held accountable for harm to young users. Known in court as Kaley G. M., the plaintiff testified that heavy use of YouTube from […]
Arabian Post Staff -Dubai Dubai Aerospace Enterprise has agreed to acquire Macquarie AirFinance in an all-cash transaction valued at about $7 billion, marking one of the largest aircraft leasing deals of the year and significantly expanding the Gulf-based lessor’s global footprint. The transaction, which is expected to close in the second half of 2026 subject to regulatory approvals and customary conditions, will create a combined fleet of […]
Super Micro Computer Inc. and Abu Dhabi-based EHC Investment have unveiled plans to develop sovereign artificial intelligence data centres in the United Arab Emirates, positioning the Gulf state to expand domestic control over high-performance computing infrastructure amid accelerating demand for AI workloads. The partnership seeks to deliver modular, rapidly deployable data centre facilities designed to support advanced AI training and inference while ensuring data residency within the […]
Arabian Post Staff -Dubai Dubai-based Emirates Gold has marked 34 years in the precious metals industry by outlining plans to deepen its refining capacity, expand international partnerships and strengthen its role in shaping the region’s bullion trade by 2026. Founded in 1992, the company has grown from a local refinery into one of the Middle East’s established minting and gold refining firms, operating from Dubai Multi Commodities […]
Arabian Post Staff -Dubai Prediction-market operator Kalshi has taken the unusual step of punishing a YouTube creator’s staff member and a political figure for using non-public information to gain an edge on its platform, underscoring regulatory and fairness challenges in a sector growing quickly but still grappling with governance and surveillance weaknesses. Kalshi confirmed that it fined and suspended a video editor associated with MrBeast — one […]
Gold prices firmed in early trade on Thursday as a softer dollar and renewed demand for defensive assets lent support, with investors assessing signals from Washington on tariffs and monitoring diplomatic exchanges between the United States and Iran. Spot gold rose 0.4 per cent to $5,192.28 per ounce by 0500 GMT, extending gains after touching a more than three-week high earlier in the week. US gold futures […]
Bill Gates apologised to employees of the Gates Foundation for his past meetings with convicted sex offender Jeffrey Epstein, telling staff he “took responsibility for his actions” while maintaining he saw nothing illicit during their interactions. A spokesperson for the philanthropic organisation confirmed that Gates addressed the issue during a town hall meeting, acknowledging that his association with Epstein had caused harm to the foundation’s reputation and […]
Nvidia delivered record quarterly and annual revenue, beating Wall Street expectations and pushing back against claims that the artificial intelligence boom is overheating. The Silicon Valley chip designer said revenue for the fourth quarter of its fiscal year ended 26 January 2025 rose to $39.3 billion, up sharply from a year earlier and above market forecasts. Full-year revenue reached $130.5 billion, more than doubling on the previous […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 26 February 2026 – XTransfer, the World’s Leading B2B Cross-Border Trade Payment Platform, is pleased to announce that it has received conditional approval from Bank Negara Malaysia (BNM) for key payment licences, including issuing electronic money, as well as a Money Services Business Licence (Class A) covering remittance and currency exchange.
Upon completing the pre-issuance conditions and being permitted to launch, XTransfer plans to introduce digital payment services in Malaysia designed to support businesses, particularly small and medium-sized enterprises (SMEs) engaged in international trade. These services are intended to include streamlined onboarding, convenient funding options, efficient foreign exchange, and secure remittance and settlement experiences, with a focus on compliance, security, and operational reliability, helping Malaysian SMEs reduce friction in legitimate trade as they scale into regional and emerging-market corridors.
“Receiving conditional approval from Bank Negara Malaysia is an important milestone for XTransfer in the ASEAN region,” said Bill Deng, Founder and CEO of XTransfer. “We appreciate BNM’s guidance and oversight. We look forward to bringing Malaysian businesses compliant and efficient payment solutions that help trade move faster and more predictably, especially as intra-Asia and broader South–South trade routes continue to expand.
Malaysia is also central to XTransfer’s regional strategy, with a plan to establish Malaysia as its regional operational hub, serving as a strategic control centre within Southeast Asia, coordinating compliance, risk management, customer support, and global operations to ensure alignment with both local and Group-wide standards. “Malaysia gives us the talent, governance environment, and regional proximity to scaleacross the region,” Bill added.
Founded in 2017, XTransfer is dedicated to using technology to bridge large financial institutions and SMEs worldwide, providing secure, compliant, fast, convenient and low-cost cross-border trade payment and fund collection solutions. With more than 800,000 enterprise clients, XTransfer has become a global industry leader and continues to expand internationally to support trading companies worldwide.
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Treasury manager FG Nexus has intensified its reduction of ether holdings, selling 7,550 ETH valued at about $14 million as part of a strategic unwind that has now crystallised more than $80 million in losses on its corporate crypto portfolio. The firm’s move marks a continuation of a reversal from its earlier accumulation strategy, leaving observers scrutinising the viability of concentrated digital-asset reserves on corporate balance sheets. […]
Hong Kong will begin issuing its first licences for fiat-backed stablecoin issuers in March, advancing its ambition to position the city as a regulated global hub for digital assets and virtual finance. Financial authorities have confirmed that the new regime will allow approved companies to issue stablecoins pegged to fiat currencies under a structured supervisory framework. The move follows months of consultation led by the Hong Kong […]
