ONFA FINTECH USA, a subsidiary of METTITECH GROUP HOLDINGS, has secured strategic backing from Metti Capital Funding to expand its blockchain-based digital banking platform, the company announced. The move aims to strengthen ONFA’s technological infrastructure and accelerate its presence in the global decentralized finance (DeFi) market. ONFA operates at the intersection of blockchain and artificial…
Israel GDP grows 3.4% in Q1 as Gaza ceasefire provided brief respite
JERUSALEM: Israel GDP grew at an annualized rate of 3.4% in the first quarter, buoyed by a temporary Gaza ceasefire that allowed businesses to rebound before fighting resumed in mid-March, official data showed Sunday. The Central Bureau of Statistics reported the expansion in Israel GDP (gross domestic product), slightly below economists’ median forecast of 3.5%….
Apple may be preparing AirPods Pro 3
A new leak suggests Apple could be gearing up to release the next generation of AirPods Pro earbuds. According to a report by 9to5Mac, code shared on X this week by Apple analyst Aaron Perris indicates the company is working on a third iteration of its premium wireless earbuds. The code snippet references “AirPods Pro…
AI trust issues: Why transparency and accountability are non-negotiable
For over two years, generative artificial intelligence has dominated tech conversations since ChatGPT’s explosive debut. Yet despite its rapid adoption, trust remains a glaring issue—hallucinations, flawed calculations, and embedded cultural biases continue to plague AI outputs, exposing the dangerous limits of reliance on these systems. AI’s Fatal Flaws: Manipulation, Bias, and Hidden Agendas The problem…
Pakistan’s economy shows signs of stability amid IMF reforms, growth challenges persist
ISLAMABAD: Pakistan’s economy is stabilizing under a stringent International Monetary Fund (IMF) program, but growth remains sluggish amid global uncertainty and domestic fiscal adjustments, according to a new IMF country report released Monday. Pakistan’s GDP growth for fiscal year 2025 has been revised down to 2.6%, reflecting weaker-than-expected performance in the first half of the…
China imposes anti-dumping duties on U.S., EU, Japanese, and Taiwanese POM copolymer imports
BEIJING: China on Sunday announced anti-dumping duties of up to 74.9% on imports of POM copolymers—an engineering plastic used in auto parts and electronics—from the United States, the European Union, Japan, and Taiwan. The decision follows a probe launched in May 2024, shortly after Washington raised tariffs on Chinese electric vehicles, computer chips, and other…
Artinii.Pro unveils SaaS film distribution platform at Cannes
CANNES: Artinii.Pro is making waves at the 78th Festival de Cannes with the launch of the world’s first complete global SaaS solution for secure digital film distribution. The newly redesigned platform, unveiled at the prestigious event, empowers filmmakers and distributors to deliver and monetize public screenings worldwide through a scalable, studio-approved ecosystem. The Cannes Film…
HitecVision’s Midas Industri AS offers to acquire Vow Green Metals
OSLO: Vow Green Metals AS and Midas Industri AS, a newly formed Norwegian company backed by HitecVision, announced Thursday that they have entered into an agreement for a voluntary tender offer to acquire all outstanding shares in Vow Green Metals at NOK 0.95 per share. The offer represents a 73% premium over Wednesday’s closing price…
IMCD N.V. agrees to acquire TECOM Ingredients S.A.
AMSTERDAM: IMCD N.V., a global leading partner for the distribution and formulation of speciality chemicals and ingredients, has signed an agreement to acquire 100% of the shares in TECOM Ingredients S.A.. Founded in 1996 and headquartered in Molins de Rei, near Barcelona, Spain, TECOM is a recognised distributor of ingredients and additives to the food…
eEnergy, Redaptive partner on £100 million UK energy efficiency projects
LONDON: eEnergy (AIM: EAAS), a net zero energy services provider, has partnered with U.S.-based Energy-as-a-Service firm Redaptive Inc. to support large-scale decarbonization efforts across the United Kingdom, the companies announced. Under the agreement, Redaptive will provide up to £100 million in funding for Redaptive-approved eEnergy projects spanning public and private sector clients. eEnergy will oversee…
Fresnillo divests MAG Silver stake amid Pan American acquisition deal
LONDON: Fresnillo plc has sold the majority of its shares in MAG Silver Corp., citing strategic investment objectives, following Pan American Silver Corp.’s recently announced acquisition agreement with MAG Silver. Fresnillo, a major precious metals producer and operator of the Juanicipio mine, initially held a stake exceeding 9% in MAG Silver as part of its…
Neo Energy names Theo Botoulas as CEO
LONDON: Neo Energy Metals has appointed mining veteran Theo Botoulas as its new chief executive officer and executive director, the company announced Thursday. The move comes as the uranium developer accelerates growth, including its planned acquisition of the Beisa Uranium Project. Botoulas, based in South Africa, brings more than 40 years of experience in mining…