KUALA LUMPUR, Dec 11 (Bernama) -- Abu Dhabi has unveiled the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster, a major new initiative aimed at accelerating next-generation financial innovation and strengthening the emirate’s role as a global capital hub.
Spearheaded by the Abu Dhabi Department of Economic Development (ADDED) and the Abu Dhabi Investment Office (ADIO), FIDA forms a core pillar of the emirate’s long-term economic diversification strategy, according to a statement.
By 2045, the cluster is expected to add US$15.2 billion to the gross domestic product (GDP), create 8,000 skilled jobs, and attract around US$4.6 billion in investment. (US$1=RM4.10)
FIDA consolidates high-growth sectors where technology, regulation and capital converge, including fintech, digital assets, insurance, reinsurance and alternative investments. The cluster offers global firms a stable, forward-looking jurisdiction to design, test and scale new financial products.
The cluster will accelerate institutional-grade digital asset infrastructure, expand insurance and reinsurance capacity, establish long-term savings frameworks and broaden small and medium-sized enterprises’ access to funding through alternative lending, venture debt and growth capital.
Green and transition finance will anchor FIDA’s sustainability agenda, supporting Abu Dhabi’s net-zero goals while expanding private equity, venture capital and real estate investment opportunities for global institutions.
FIDA will also support priority sectors such as food and water innovation, life sciences and mobility through tailored financing channels enabled by Abu Dhabi’s wider cluster ecosystem.
Underpinned by US$1.8 trillion in sovereign wealth and world-class regulatory frameworks, the emirate offers treaty-backed access to major global markets, enhancing FIDA’s appeal for financial innovators.
Regulators, sovereign investors, infrastructure providers, academic institutions and talent development partners form an integrated ecosystem that positions Abu Dhabi to lead in fintech, reinsurance and alternative assets.
FIDA reinforces the emirate’s emergence as a next-generation global financial centre and a preferred destination for firms building the future of finance.
-- BERNAMA
Thursday, December 11, 2025
ABU DHABI LAUNCHES FIDA CLUSTER TO DRIVE FUTURE FINANCE
Tuesday, December 9, 2025
Acronis Partners with Synology to Deliver Three-Year Acronis True Image Essentials with BeeDrive and BeeStation
“Synology’s Bee Series was designed to make personal and small office data protection effortless,” said Sabrina Chen, Director of Digital Life Group at Synology. “By working with Acronis and its True Image product, the Bee Series extends that simplicity to full-system backup — ensuring users can protect everything from daily work files to complete computer setups with just a few clicks.”
“Acronis True Image Essentials is a natural complement to Synology’s Bee Series,” said Gabriela Licheva, True Image Lead Product Manager, at Acronis. “By combining our leading consumer backup and cybersecurity technology with Synology’s intuitive and intelligent storage solutions, we are giving users a seamless, reliable, and secure way to protect the data that matters most.”
Acronis True Image has long been a trusted solution, providing essential protections like AI-based threat detection against ransomware, malware, and other sophisticated attacks. Beyond traditional backup, it offers fast recovery and secure disk cloning, all in a simple, intuitive setup that lets users back up, recover, and defend their digital lives with a single click. With additional security enhancements planned for future releases, Acronis remains committed to staying ahead of emerging cyberthreats.
All Around File Management and Data Protection for Modern Households
The Synology BeeDrive and BeeStation bring together Synology’s market-proven storage technology and decades of innovation in AI-driven file management. BeeDrive serves as a high-speed personal backup hub for personal computers and mobile devices, featuring Deep Search, an on-device AI file discovery engine for instantly finding files simply by text, description, or location. On the other hand, BeeStation, a personal cloud server, offers seamless file access and collaboration for households and small teams, along with AI photo organizations for managing large collections.
Complementing these capabilities, the Acronis True Image three-year license provides full-system protection, safeguarding not only files but also operating systems, applications, and settings with integrated ransomware defense and reliable recovery tools trusted by millions worldwide.
For more details on the Acronis and Synology partnership, please visit https://www.acronis.com/en/blog/posts/synology-beedrive-beestation-true-image/
Availability
The three-year Acronis True Image Essentials license is available with all BeeStation and BeeDrive models in select regions.
For regional availability, please visit https://sy.to/ifvvu.
For more information about Acronis True Image, please visit https://www.acronis.com/en/products/true-image/
About Acronis:
Acronis is a global cyber protection company that provides natively integrated cybersecurity, data protection, and endpoint management for managed service providers (MSPs), small and medium businesses (SMBs), and enterprise IT departments. Acronis solutions are highly efficient and designed to identify, prevent, detect, respond, remediate, and recover from modern cyberthreats with minimal downtime, ensuring data integrity and business continuity. Acronis offers the most comprehensive security solution on the market for MSPs with its unique ability to meet the needs of diverse and distributed IT environments.
A Swiss company founded in Singapore in 2003, Acronis has 15 offices worldwide and employees in 50+ countries. Acronis Cyber Protect is available in 26 languages in 150 countries and is used by over 21,000 service providers to protect over 750,000 businesses. Learn more at www.acronis.com.
*Each BeeStation and BeeDrive device includes one 3-year Acronis True Image Essentials license for one computer. Redemption must be completed within 90 days of your first Synology Account sign-in on BeeStation or BeeDrive, or by September 2028, whichever is earlier.
This promotion is available only in select regions. Customers are advised to confirm eligibility by reviewing the list of supported regions before making a purchase.
Synology and Acronis reserve the right to amend, suspend, or terminate this promotion, or modify its terms, at any time to the extent permitted by law. For the complete terms and conditions, and to check region availability please refer here at https://sy.to/ifvvu.
Press Contact:
Seok Cheng Chia
Senior Corporate Communications Specialist, Acronis
Seokcheng.chia@acronis.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/952ba064-dc70-4619-870d-9564e5a3f923
SOURCE: Acronis, Inc.
Sunday, December 7, 2025
European Leaders Urge Deeper China–EU Cooperation, CGTN Reports
KUALA LUMPUR, Dec 5 (Bernama) -- This year marks the 50th anniversary of diplomatic ties between China and the European Union (EU), prompting European political and business leaders to reflect on the relationship and outline priorities for the decades ahead during recent visits to China.
Former Italian Prime Minister Romano Prodi said China’s growing global role requires Europe to reassess its approach.
“China and Europe have never been enemies, but we have never been brothers,” he said, adding that “history obliges” both sides to adapt to shifting global dynamics.
According to CGTN in a statement, while Prodi pointed out this historical urgency, former Austrian Chancellor Wolfgang Schüssel shed light on the challenges facing global governance, saying Europe and China share a responsibility to help maintain stability.
He cited United States-led tariff actions as having unsettled global trade and believed that closer Europe-China cooperation could help safeguard the international economic order.
Business leaders also underscored China’s importance. Chairman of Germany’s Peter Jungen Holding, Peter Jungen urged global entrepreneurs to engage more deeply with the Chinese market, describing the country’s shift toward innovation and entrepreneurship as a source of significant opportunity.
Meanwhile, Hungary’s Magyar Nemzeti Bank Director for International Strategy and Cooperation, Iván Kovácsics said Europe must accelerate innovation and expand partnerships to remain competitive.
Cooperation with China, he said, will be essential given its industrial capacity and technological strength.
As China and the EU enter the next 50 years of relations, both sides face the broader question of how to strengthen economic and strategic ties in a multipolar world while managing differences and sustaining global influence.
-- BERNAMA
Saturday, December 6, 2025
Singapore Technologies Engineering and Singapore Smart Tech Win Big at All About AI Tech4Good Awards
Reinforces Southeast Asia’s Leadership in Responsible, Purpose-Driven AI
SINGAPORE, Dec 4 (Bernama-BUSINESS WIRE) -- Singapore made a strong mark at the second edition of the All About AI Tech4Good Awards held in India, curated by Mint and Salesforce. Singapore Technologies Engineering (ST Engineering) won Silver for Best Use of AI in Sustainability, and Singapore Smart Tech secured Silver for Best Use of AI in Health & Sanitation. The two standout wins highlight the nation's growing influence in developing AI solutions with meaningful impact.
Both companies were among the 14 Southeast Asian winners showcasing how innovators are shaping practical and ethical AI applications across critical sectors, including environmental management, public health, financial inclusion and community development.
Singapore among the most active AI contributors in Asia
The 2025 edition received 293 entries across Asia, with Singapore submitting 46 entries. Participants spanned the full spectrum of the country's innovation ecosystem, including startups, research institutes, academia and large enterprises, illustrating Singapore's rising ambitions to deploy AI responsibly and at scale.
Call for Action for a purpose-driven AI across Asia
Arundhati Bhattacharya, President & CEO, Salesforce South Asia, talked about the responsibility that accompanies AI’s rapid growth. “We stand at a pivotal moment where the confluence of human ingenuity and technological capability presents an unprecedented opportunity. Initiatives like Tech4Good help amplify this mission. Let us innovate with unwavering purpose and a clear vision for a better, brighter world,” she said.
In a virtual keynote, Amitabh Kant, former G20 Sherpa and former CEO of NITI Aayog, highlighted the need for Asia to develop AI capabilities aligned with regional priorities. Guest of Honour Abhishek Singh, Additional Secretary at India’s Ministry of Electronics and Information Technology, urged innovators to continue building AI systems that elevate digital public infrastructure and societal outcomes.
The programme also featured a fireside chat between Arundhati Bhattacharya and Raghav Gupta, Head of Education (India & Asia Pacific), OpenAI, on the future of AI in reshaping learning, skilling, and workforce transformation. Two high-impact panels explored themes including scaling AI responsibly, ethical governance, and data-driven societal applications—topics of key relevance to Singapore’s economic agenda.
AI in Singapore is a rapidly advancing landscape
Singapore's strong visibility at the Tech4Good Awards reflects its ambition to be a global hub for trusted AI. The nation is adopting AI across public services and investing in talent through universities and industry partnerships. As a growing hub for startups and deep-tech innovators, Singapore is driving innovation forward, supported by government funding and regional collaborations.
Regional platform for purpose-driven innovation
As the Tech4Good platform expands across Southeast Asia, Singapore continues to solidify its position and play an integral role as a global hub for ethical, transformative, and purpose-driven AI. Companies like ST Engineering and Singapore Smart Tech reinforce the nation's commitment to using AI to advance sustainability, inclusion, health and well-being.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251203879505/en/
Contact
Saloni Singh: saloni@commscredible.com
Source : Mint
--BERNAMA
EBC Financial Group Enters South Africa, Advancing Strategic Expansion in Africa
EBC Financial Group announces regulatory approval of its South African subsidiary, positioning the firm for future market access in South Africa's growing financial services sector.
David Barrett, CEO of EBC Financial Group (UK) Ltd., said, "The FSCA's approval represents an important milestone in our global expansion. This complements our existing licences, such as those from the Financial Conduct Authority (FCA) for EBC Financial Group (UK) Ltd, and other entities within our group regulated by the Cayman Islands Monetary Authority (CIMA), the Australian Securities and Investments Commission (ASIC), and the Financial Services Commission of Mauritius (FSC). This acquisition positions us to serve one of the continent's most active trading markets while upholding the regulatory standards and transparency that define our operations worldwide."
Strategic Entry into South Africa's Financial Market
South Africa represents a compelling growth opportunity, with a population of 63 million and 76% internet penetration, creating a substantial digitally connected market. The country's fintech sector is projected to more than double from USD7.08 billion in 2023 to USD14.86 billion by 2033, reflecting the rapid digital transformation of financial services across the region. Within this expanding ecosystem, EBC observes that South Africa's trading community demonstrates strong participation across commodities, indices, and emerging digital assets, creating demand for reliable, regulated market access.
"South Africa's traders are sophisticated and globally minded, with three-quarters of the population connected online," Barrett continued. "This digital maturity, combined with the region's appetite for diversified trading opportunities, aligns closely with our offering. As we complete the integration process, we look forward to bringing our execution capabilities and comprehensive multi-asset market access to South African traders who seek reliable and transparent trading solutions."
Education and Empowerment: Core to the EBC Philosophy
Beyond market access, EBC continues to champion trader education as a cornerstone of responsible market participation. Over the past quarter, EBC has hosted more than 1,000 multilingual webinars. Its educational initiatives also include the Pulse 360º podcast series on Spotify, market insights, and trader education on EBC Trading Academy. EBC also collaborates with the Department of Economics at the University of Oxford to organise the ‘What Economists Really Do’ series. Its recent webinar, titled ‘Think Like an Economist: Financial Literacy and Economic Understanding in an Age of Complexity’ was held on 11 November 2025. EBC's digital-first educational initiatives are particularly well-suited to empower traders with the necessary facts, sound risk management practices, and financial literacy.
"Education and informed decision-making are fundamental to long-term trading success," Barrett noted. "Through our educational programmes, we aim to equip traders at all levels with the knowledge to navigate markets effectively, manage risk prudently, and adapt to evolving market conditions."
Guided by a Clear Mission
Beyond the regulatory milestone, this acquisition positions South African traders to access EBC's award-winning ecosystem that combines technological excellence with educational depth. EBC's infrastructure delivers execution speeds as low as 20ms alongside smart liquidity routing and expanded multilingual support. Proprietary tools, including the Trading Black Box and Private Room, enhance trader control over pricing and execution, supporting the platform's commitment to transparency and performance. This comprehensive approach has earned external validation through 3-year recognition from World Finance – including Most Trusted Broker and Best Trading Platform awards in 2025 – as well as the Best CFD Provider award at the 2025 Online Money Awards.
"This acquisition reflects our commitment to providing both technological excellence and educational support," Barrett added. "As we establish our presence in South Africa, we're bringing not just award-winning infrastructure, but a comprehensive approach to trading that prioritises transparency, execution quality, and continuous innovation to help traders rule the markets. Our commitment is to serve South African traders with the same standards that have earned us recognition globally."
For more information, visit: https://www.ebc.com/.
Disclaimer: This material is for information only and does not constitute a recommendation or advice from EBC Financial Group and all its entities ("EBC"). Trading Forex and Contracts for Difference (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Losses can exceed your deposits. Before trading, you should carefully consider your trading objectives, level of experience, and risk appetite, and consult an independent financial advisor if necessary. Statistics or past investment performance are not a guarantee of future performance. EBC is not liable for any damages arising from reliance on this information.
About EBC Financial Group
Founded in London, EBC Financial Group (EBC) is a global brand known for its expertise in financial brokerage and asset management. Through its regulated entities operating across major financial jurisdictions—including the UK, Australia, the Cayman Islands, Mauritius, and others—EBC enables retail, professional, and institutional investors to access global markets and trading opportunities, including currencies, commodities, CFDs and more.
Trusted by investors in over 100 countries and honoured with global awards including multiple year recognition from World Finance, EBC is widely regarded as one of the world’s best brokers with titles including Best Trading Platform and Most Trusted Broker. With its strong regulatory standing and commitment to transparency, EBC has also been consistently ranked among the top brokers—trusted for its ability to deliver secure, innovative, and client-first trading solutions across competitive international markets.
EBC’s subsidiaries are licensed and regulated within their respective jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK's Financial Conduct Authority (FCA); EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA); EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia's Securities and Investments Commission (ASIC); EBC Financial (MU) Ltd is authorised and regulated by the Financial Services Commission Mauritius (FSC).
At the core of EBC are a team of industry veterans with over 40 years of experience in major financial institutions. Having navigated key economic cycles from the Plaza Accord and 2015 Swiss franc crisis to the market upheavals of the COVID-19 pandemic. We foster a culture where integrity, respect, and client asset security are paramount, ensuring that every investor relationship is handled with the utmost seriousness it deserves.
EBC is a proud official foreign exchange partner of FC Barcelona and continues to drive impactful partnerships to empower communities – namely through the UN Foundation’s United to Beat Malaria initiative, Oxford University’s Department of Economics, and a diverse range of partners to champion initiatives in global health, economics, education, and sustainability.
https://www.ebc.com/
Media Contact:
Susindhraseghar Chandrasekar
Global Public Relations Executive
susindhra.c@ebc.com
Aldric Tinker
Global PR Lead
aldric.tinker@ebc.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/db2ff409-6c9d-4e52-9c76-57d26de8cac7
SOURCE: EBC Tech Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Thursday, December 4, 2025
Bitget Launches AI Trading Avatars based on Seven Trading Strategies
VICTORIA, Seychelles, Dec 1 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has launched six all-new AI trading avatars inside GetAgent, marking a major step toward next-generation smart trading.
Each avatar represents a different school of trading logic, ranging from conservative hedging and major-coin momentum to high-beta altcoin breakouts, contrarian reversals and mechanical execution. These include Steady Hedge, Majors Momentum, Altcoin Turbo, CTA Force, Infinite Grid, Dip Sniper, and DeepSeek (base model). All strategies have been built using a multi-factor library of professional trading indicators, extensive backtesting, and iterative refinement inside GetAgent.
From 18:00 on November 24 to 18:00 on December 15 (UTC+8), GetAgent users can access a limited one-click copy trading channel, selecting the avatar that aligns most closely with their trading personality. Each AI trader executes autonomously in real time, and users can follow every entry, exit, drawdown and adjustment directly in the Model Arena. With transparent performance curves, strategy documentation and real execution data, the experience offers a front row seat into how different trading strategies act under market pressure.
To encourage exploration, Bitget has launched a 10,000 USDT airdrop pool for participating users. Anyone who successfully copy-trades and sends one message to GetAgent qualifies for the reward share, and the first 100 copy trading users each day will receive contract copy trading vouchers worth up to 100 USDT.
“People want solutions they can actually use to trade,” said Gracy Chen, CEO of Bitget. “These avatars make trading feel more personal and more approachable. Whether someone prefers momentum, hedging, or contrarian plays, there’s now an AI companion that thinks the way they do.”
Instead of copying blindly, users can speak directly to each avatar. GetAgent allows traders to ask why an avatar entered a position, how it sets stop-loss levels, what signals it prioritizes, and how it adapts to different market cycles. New traders gain clarity and confidence, while experienced users can stress-test ideas or explore unfamiliar strategies without risk to their core portfolios.
DeepSeek, included in the lineup as an unmodified base model, serves as a benchmark. At the end of the trading camp, Bitget will publish a comparative review of how each avatar performed relative to DeepSeek, offering one of the industry’s first real-world studies on AI trading behavior across different agent designs.
Whether a trader resonates with Steady Hedge’s caution, Altcoin Turbo’s appetite for volatility, or Infinite Grid’s range-based logic, GetAgent offers a way to match strategies with preference, bringing a new layer of relatability to AI-assisted trading. Bitget’s six trading avatars bring that transparency into a single interface, powered by UEX’s infrastructure and GetAgent’s intelligent execution.
For more information and live performance tracking of the seven avatars, visit here.
About Bitget
Established in 2018, Bitget is the world's largest Universal Exchange (UEX), serving over 120 million users with access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets, while offering real-time access to Bitcoin price, Ethereum price, XRP price, and other cryptocurrency prices, all on a single platform. The ecosystem is committed to helping users trade smarter with its AI-powered trading tools, interoperability across tokens on Bitcoin, Ethereum, Solana, and BNB Chain, and wider access to real-world assets. On the decentralized side, Bitget Wallet is an everyday finance app built to make crypto simple, secure, and part of everyday finance. Serving over 80 million users, it bridges blockchain rails with real-world finance, offering an all-in-one platform for on- and off-ramping, trading, earning, and paying seamlessly.
Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/933942b0-732f-49bf-8573-0096ca92b73b
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Wednesday, December 3, 2025
AM BEST: HONG KONG FIRE TO HIT REINSURERS, PRESSURE PROPERTY TREATY TERMS
KUALA LUMPUR, Dec 2 (Bernama) -- Global credit rating agency, AM Best expects a significant share of losses from the deadly Hong Kong apartment fire to flow to reinsurers—a shift that could halt downward pressure on Hong Kong property reinsurance rates despite a globally softening market.
In its new Best’s Commentary, “Hong Kong Fire Expected to be Credit Negative for (Re)Insurers”, the credit rating agency notes that residential property all-risk policies have been viewed as low-severity exposures by Hong Kong insurers. The Tai Po high-rise blaze, however, exposes the scale of risk accumulation in dense urban condominiums.
“Loss-impacted proportional treaties will likely see commission reductions in subsequent years as a form of payback,” said AM Best senior director and head of analytics, Christie Lee in a statement.
She added that stricter underwriting standards—including unbundled coverages, more exclusions and tighter exposure controls—are expected.
In its new Best’s Commentary, “Hong Kong Fire Expected to be Credit Negative for (Re)Insurers”, the credit rating agency notes that residential property all-risk policies have been viewed as low-severity exposures by Hong Kong insurers. The Tai Po high-rise blaze, however, exposes the scale of risk accumulation in dense urban condominiums.
Losses are expected to be substantial across multiple lines—property, engineering, public liability, third-party liability, employee compensation, personal accident, motor and life insurance.
Property losses are anticipated to dominate general insurance claims, underscoring significant protection gaps in public liability, third-party liability, and professional indemnity coverage.
Primary insurers typically rely on a mix of facultative, proportional and non-proportional reinsurance programmes, meaning reinsurers will likely absorb a material portion of the gross incurred loss. With the Jan 1 renewal season approaching, AM Best said the event may prompt premium increases and tighter treaty terms.
The fire at Wang Fuk Court also adds to Hong Kong’s turbulent 2025, following record-breaking August rainfall and a series of Black Rainstorms. Preliminary estimates of US$200 million or more suggest the gross loss could reach nearly half the scale of 2018’s Typhoon Mangkhut, which caused roughly US$400 million in damage, according to the Hong Kong Federation of Insurers. (US$1=RM4.12)
-- BERNAMA
Tuesday, December 2, 2025
NORTH ATLANTIC FRANCE COMPLETES ACQUISITION OF ESSO S.A.F., EXXONMOBIL CHEMICAL FRANCE
KUALA LUMPUR, Dec 1 (Bernama) -- North Atlantic France SAS (North Atlantic France) announced the successful closing of its acquisition of an 82.89 per cent controlling interest in Esso Société Anonyme Française SA (Esso S.A.F.) at 26.19 euros per share and 100 per cent of ExxonMobil Chemical France SAS (EMCF) from ExxonMobil France Holding SAS (ExxonMobil), following a competitive auction process initiated in 2024. (1 Euro = RM4.79)
The transaction has received all required regulatory approvals, including French foreign direct investment authorisation and clearance under the European Union Foreign Subsidies Regulation.
Esso S.A.F. has been renamed North Atlantic Energies, marking a new chapter for the Gravenchon site in France’s energy and industrial landscape.
“This acquisition represents a major step forward in North Atlantic’s international expansion. Over the past four decades, we have successfully transformed and operated complex industrial assets across Canada, combining safety, performance, and sustainability.
“With the creation of North Atlantic Energies, we are proud to establish a bridge between North America and Europe which reflects our ambition to build a premier transatlantic energy group,” said North Atlantic Group President and Chief Executive Officer, Ted Lomond.
In a statement, North Atlantic reaffirmed its long-term commitment to the Gravenchon site, its employees, and France’s energy and industrial future.
North Atlantic Energies will maintain high standards of product quality and service while continuing collaboration with ExxonMobil under long-term supply and technology agreements to ensure operational continuity, innovation, and reliability.
In addition, North Atlantic France will implement a simplified tender offer for the remaining North Atlantic Energies shares not already held by the company, at an offer price of 28.93 euros per share.
-- BERNAMA
SINTX, EVONIK INK SUPPLY DEAL TO SCALE SILICON NITRIDE-PEEK FOR AI-DESIGNED IMPLANTS
KUALA LUMPUR, Dec 2 (Bernama) -- SINTX Technologies Inc (SINTX) has signed a supply agreement with Evonik Corporation (EVONIK) to manufacture its proprietary silicon nitride–PEEK (SiN/PEEK) compound for artificial intelligence (AI)‑assisted additive manufacturing of patient‑specific implants.
Under the agreement, EVONIK will produce SiN/PEEK compound at commercial scale to SINTX’s specifications, enabling immediate production of AI-designed, 3D-printed implants using SINTX’s existing United States (US)-based production facility, according to a statement.
SINTX has already fielded physician requests for humanitarian-use vertebral body replacement implants for orthopaedic and neurosurgical oncology cases. The company also plans to use the compound in regulatory submissions for both patient-matched and traditionally manufactured devices.
SINTX Chairman, President & Chief Executive Officer, Eric K. Olson said the collaboration unites EVONIK’s polymer expertise with SINTX’s biomaterial strengths to deliver next-generation implants with antipathogenic, osteogenic, and imaging advantages over standard PEEK.
Meanwhile, EVONIK head of Medical Devices & Systems market segment, Marc Knebel said the partnership aims to ensure consistent quality, supply reliability, and scalability as both companies expand data generation for future device applications.
The SiN/PEEK blend is engineered for antipathogenic surface behaviour, osteogenic support, improved visualisation, and design freedom using AI-assisted additive manufacturing—key attributes for complex, high-risk procedures.
Both parties expect to make the compound available to other qualified manufacturers for advanced implant applications.
Headquartered in Salt Lake City, Utah, SINTX is an advanced ceramics and biomaterials company that develops, manufactures, and commercialises silicon nitride biomaterials, composites, devices, and related technologies for medical and other high-value applications.
-- BERNAMA
Monday, December 1, 2025
Stellar Trading Systems and Abaxx Exchange Partner to Expand Market Access
SINGAPORE, Dec 1 (Bernama-GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, together with Stellar Trading Systems Ltd. (“Stellar”), a leading independent software vendor providing front-office execution software to global trading firms, today announced the completion of full connectivity between Stellar’s suite of trading platforms and the Abaxx Exchange.
With connectivity now live, Stellar becomes the latest trading technology provider offering access to Abaxx Exchange. The integration connects Abaxx’s growing suite of commodity futures contracts with Stellar’s low latency solutions, spreadMachine, Quantum Server, MarketMaker, and Server API products, giving traders seamless access to Abaxx markets through the Stellar ecosystem.
Stellar’s strong connectivity to the world’s primary gold futures markets — SHFE, TOCOM, COMEX, TFEX, DGCX, and MCX — and to spot, forward, and NDF (non-deliverable forward) gold liquidity aligns directly with Abaxx’s precious metals suite, including the only physically-deliverable, USD-denominated gold futures contract in Singapore. In parallel, Stellar’s established infrastructure for trading battery materials complements Abaxx’s expanding portfolio of contracts across the sector. Trading firms already active in these markets through Stellar can now extend their activity to Abaxx’s futures benchmarks through a connected trading environment.
“We’re pleased to welcome Stellar Trading Systems to Abaxx Exchange,” said Shanmei Lim, Chief of Markets at Abaxx Exchange. “Connecting Stellar’s global client base to Abaxx’s new commodity futures benchmarks expands access for market participants and reinforces the commercial ecosystem developing across our growing suite of futures contracts.”
“Our integration with Abaxx Exchange extends Stellar’s high-performance trading environment to the next generation of commodity futures benchmarks,” said Steve Thomas, CEO at Stellar Trading Systems. “Stellar’s platforms serve institutions, brokers, and proprietary firms that demand speed, precision, and reliability. This integration extends that same performance to Abaxx markets through the advanced infrastructure connecting more than 60 global venues.”
About Abaxx Technologies
Abaxx Technologies is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transition.
In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore Pte. Ltd., the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiary Abaxx Spot Pte. Ltd., the operator of Abaxx Spot.
Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally-cleared, physically-deliverable futures contracts in LNG, carbon, battery materials, and precious metals, meeting the commercial needs of today’s commodity markets and establishing the next generation of global benchmarks.
Abaxx Spot modernizes physical gold trading through a physically-backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions, efficient OTC transfers, and is designed to support physical delivery for Abaxx Exchange’s physically-deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.
Adaptive Infrastructure closes critical gaps in post-trade infrastructure by providing a unified custodial foundation across environmental markets and digital title assets. Incorporated in Barbados and regulated by the Financial Services Commission of Barbados, the company delivers institutional-grade custody, settlement, and transfer agency services designed to reduce risk and improve reliability across asset classes.
For more information, visit abaxx.tech | abaxx.exchange | abaxxspot.com | basecarbon.com | smartermarkets.media
For more information about this press release, please contact:
Steve Fray, CFO
Tel: +1 647-490-1590
Media and investor inquiries:
Abaxx Technologies Inc.
Investor Relations Team
Tel: +1 246 271 0082
E-mail: ir@abaxx.tech
Cautionary Statement Regarding Forward-Looking Information
This press release includes certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “could”, “target”, “purpose”, “goal”, “objective”, “ongoing”, “potential”, “likely” or the negative thereof or similar expressions.
In particular, this press release contains forward-looking statements including, without limitation, statements regarding the expansion of Abaxx’s product suite, the development of world energy markets, the integration of Stellar’s suite of trading platforms and the benefits therefrom. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; changes in global weather patterns; changes in the price of commodities, capital market conditions, restrictions on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management’s discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.
Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.
SOURCE: Abaxx Technologies Inc.
Tuesday, November 25, 2025
Datavault AI Turns Raw Earth into Digital Power in $7 Million Deal with MTB Mining Ltd.
PHILADELPHIA, Nov 25 (Bernama-GLOBE NEWSWIRE) -- via IBN – Datavault AI (“Datavault AI” or the “Company”) (NASDAQ: DVLT), a provider of data monetization, credentialing, digital engagement, and real‑world asset digitization technologies, today announced a $7 million minting deal and a 30% perpetual royalty partnership with Tanzania-based MTB Mining Limited (MTB), setting the stage for what Datavault AI believes is the first major step forward in modernizing how mineral resources are verified, documented, and brought into global commerce with a unified transaction ledger. The deal redefines a commodity by digitizing Real World Assets (RWA) for monetization. Under Datavault AI’s patented Sumerian® technology, rare earth minerals are being transformed into verified, traceable, digitized assets to be traded on the forthcoming International Elements Exchange™.
This agreement with MTB delivers a blueprint for how physical assets evolve into digital assets.
Africa Steps into the Global Ledger
For generations, Africa supplied the raw materials that were integral in building modern industry. Today, MTB, headquartered in Tanzania, controls over 25 million metric tons of copper reserves and 2.44 square kilometers of proven mineral reserves. Through its alliance with Datavault AI, MTB’s resources are entering the global marketplace in digital form. Each unit of copper, gold, tin, or diamond will carry verified proof of origin, ownership, and value.
The partnership includes the Windsor Ruby, a gemstone that drew global attention when it was discovered near the village of Winza in 2007. Renowned for its deep crimson hue and near-perfect clarity, it rivaled the finest Burmese rubies and quickly drew attention from major luxury houses including Van Cleef & Arpels. Through Datavault AI’s Sumerian® Anchors, the Windsor Ruby will carry a permanent digital signature that is immutable and verifiable. Not only can Sumerian® Anchors provide verification for famous gemstones like the Windsor Ruby, the verification technology can be applied to any precious gemstone.
For Tanzania, where mining represents a vast amount of export value, digitally verifiable asset records represent more than a technological milestone; it is economic modernization. It opens the door for lending, collateralization, and cross-border trade using verified digital assets.
The Proof Economy Arrives
“This deal is a milestone for technology and transparency. By minting real world assets, we are creating compliant, transparent pathways to monetize natural wealth on a global scale,” said Nathaniel Bradley, Datavault AI Chief Executive Officer and co-founder.
Bradley’s message reflects Datavault AI’s broader mission: the Company is building the infrastructure for a data-driven economy where value is established by verification and trusted information.
While the numbers are compelling - a $7 million license fee - the innovative digital architecture provides the promise for future, similar transactions. The International Elements Exchange will operate as a virtual refinery, turning physical assets into digital evidence that can be traded, audited, and monetized.
About Datavault AI
Datavault AI™ (Nasdaq: DVLT) is leading the way in AI driven data experiences, valuation and monetization of assets in the Web 3.0 environment. The Company’s cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions. Datavault AI's Acoustic Science Division features WiSA®, ADIO® and Sumerian® patented technologies and industry-first foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. Datavault AI's cloud-based platform provides comprehensive solutions serving multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange® (IDE) enables Digital Twins, licensing of name, image and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. Datavault AI’s technology suite is completely customizable and offers AI and Machine Learning (ML) automation, third-party integration, detailed analytics and data, marketing automation and advertising monitoring. The Company is headquartered in Philadelphia, PA. Learn more about Datavault AI at www.dvlt.ai.
Forward-Looking Statements
This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws) about Datavault AI and its industry that involve risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words, such as “may,” “might,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” “likely” or “continue” or the negative of these words or other similar terms or expressions that concern the Company’s expectations, strategy, plans or intentions. The absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements, including, but not limited to, statements regarding future events, Datavault AI’s partnership with MTB, including the potential royalty opportunities, the ability of tokenization of minerals and the potential for use in lending, collateralization and cross-border trade, Datavault AI’s business strategies, long-term objectives, and commercialization plans, the current and prospective technologies, planned developments and potential approvals, as well as the potential for market acceptance and related market opportunities, and other statements that are not historical facts. These statements are based on management’s current expectations and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Datavault AI. These statements are subject to a number of risks and uncertainties regarding Datavault AI’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, general economic, political, and business conditions; the ability of Datavault AI to achieve the benefits of the transactions contemplated pursuant to its partnership with MTB, including receipt of any royalty payments from MTB; the ability of Datavault AI to leverage the MTB transaction as a blueprint for digitizing minerals; the ability of Datavault AI to expand tokenization of minerals into the areas of lending, collateralization and cross-border trade; the ability of Datavault AI to develop and successfully market technologies; the ability of Datavault AI to grow and manage growth profitably and retain its key employees; the risk that the potential technologies that Datavault AI develops may not progress or receive required approvals within expected timelines or at all; risks relating to uncertainty regarding regulatory pathways; the risk that Datavault AI has overestimated the size of the target market, willingness to adopt new technologies, or partnerships; risks that prior results may not be replicated; regulatory and intellectual property risks; and other risks and uncertainties as more fully described in Datavault AI’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the year ended December 31, 2024 and other filings that Datavault AI makes from time to time with the SEC, which are available on the SEC’s website at www.sec.gov, and could cause actual results to vary from expectations. There may be additional risks that Datavault AI presently does not know or that Datavault AI currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Datavault AI’s expectations, plans, or forecasts of future events and views as of the date of this communication. Datavault AI anticipates that subsequent events and developments will cause such assessments to change. However, while Datavault AI may elect to update these forward-looking statements at some point in the future, Datavault AI specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Datavault AI’s assessments as of any date subsequent to the date of this communication. Accordingly, investors are cautioned not to place undue reliance on these forward-looking statements.
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SOURCE: Datavault AI Inc.
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