Ancient Treasures Found in 2,000-Year-Old Burial Mound Hot News

Ancient Treasures Found in 2,000-Year-Old Burial Mound

August 21, 2024
Archaeologists have unearthed a trove of ancient treasures within a burial mound dating back roughly 2,000 years in . Researchers attribute these artifacts to the Kangyu Era, a period when the Kangyu state, situated along the Silk Road – a network of trade routes connecting the East and West, according to National Geographic – flourished. A translated press release issued by Turkistan's regional government website in May 2024 detailed the discovery of a jug, a bronze mirror, a Roman fibula, and other items during the excavation of three burial mounds. Two of these mounds had been looted, but one yielded these ancient relics. The bronze mirror is believed to have been crafted during the Han dynasty (206 BCE–220 CE), as per the press release. Mirrors resembling the recently discovered one have been found in Afghanistan and the southern Ural region. The bronze mirror, a prized possession indicative of wealth and influence, suggests that the woman buried alongside it held a position of high status, according to the press release. The gold earrings, shaped like the moon and adorned with turquoise and ruby, are described in the press release. A shoe, a belt buckle, and an arrowhead specifically designed for bird hunting were also found. The discovery was spearheaded by a team comprising archaeologists from Kazakhstan’s Ozbekali Zhanibekov University and local government authorities, as reported by Live Science. The unearthed artifacts, as noted in the press release, reflect the diplomatic ties that Kangyu held with powerful empires, including , and China. Professor Alexander Podushkin, leader of the expedition, stated that these ancient relics will be transferred to the National Museum of the Republic of Kazakhstan in Astana, as per the press release.
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Tightrope Artist Injured in Fall During Circus Performance in England

August 21, 2024
A tightrope performer who fell during a circus performance is "doing well," according to Gravity Circus.A female tightrope artist with the High Wire Troupe fell during an act featuring two other male performers on the high wire. The distance she fell is unknown.The moment she fell was captured on camera by one anonymous member of the crowd present at Gravity Circus' performance in , England.Audience member Hayley Welsh shared with BBC Radio Sussex that "it looked like her leg gave way. She lost balance and went flying down wrapped around the wire.""She smashed down onto the metal floor," Welsh added.In a Facebook comment, Gravity Circus said, "She is doing well and is in safe hands."According to reporting from the BBC, a more detailed statement from the circus said the performer "had suffered facial and other injuries consistent with a fall.""She was treated at the scene and taken by ambulance to the Royal Sussex County Hospital in Brighton with serious injuries, although her condition was not thought to be life-threatening", the statement said.While her name remains unreported, Gravity Circus confirmed she is a member of an act called the High Wire Troupe from Colombia.A spokesperson for Gravity Circus told the BBC that the : subsequent performances will continue as-scheduled.Gravity Circus UK did not immediately respond to Digital's request for comment.
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Panama Deports 29 Colombians on First US-Funded Flight Hot News

Panama Deports 29 Colombians on First US-Funded Flight

August 20, 2024
Panama deported 29 Colombians on Tuesday on a flight funded by the United States. This flight marked the first under an agreement signed by the two countries in July.The Colombians had entered Panama illegally through the Darien jungle, a route used by over 500,000 migrants heading north last year. A vast majority of these migrants were from Colombia.However, Panama is currently unable to deport Venezuelans due to strained relations between the two countries. Panama, like other countries in the region, has refused to recognize the results of Venezuela's election, which gave President Nicolás Maduro another term. As a result, diplomatic relations between the two countries have been suspended.Panamanian President José Raúl Mulino, who assumed office on July 1, has vowed to curb the migration flow, a goal he shares with the U.S. government.Mulino had initially stated that the flights would be for voluntary repatriations. However, officials revealed that those deported on Tuesday had criminal records.Roger Mojico, director of Panama's National Immigration Service, informed reporters on Tuesday that Panama is in discussions with other nations, including Ecuador and India, to coordinate repatriation flights.
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Israel Recovers Bodies of Six Hostages in Rescue Operation, Says They Were Held in Humanitarian Area

August 20, 2024
The Israeli Defense Forces (IDF) recovered the bodies of six deceased Israeli hostages in a rescue operation on Monday, the forces announced."Overnight our forces returned the bodies of six of our hostages that had been held by the murderous Hamas terrorist organization," Israeli Prime Minister Benjamin Netanyahu said in a statement."Our hearts grieve over the terrible loss," Netanyahu said. "My wife Sara and I convey our heartfelt condolences to the dear families.""I would like to thank the brave IDF and ISA fighters and commanders for their heroism and determined action," he added. "The IDF will continue to make every effort to return all of our hostages – the living and the deceased."The bodies of Nadav Popplewell, Yagev Buchshtab, Yoram Metzger, Chaim Peri, Alexander Dancyg, and Avraham Munder returned from Gaza thanks to the efforts of the IDF’s 98th Division and carried out by the "Yahalom" Unit of the Paratroopers Brigade, along with others, the IDF announced.In a statement, IDF International spokesperson Lt. Col. Nadav Shoshani said, "This was a complex rescue operation that was conducted both above and below ground. We have not yet finished all our missions in the area. We are still operating inside the tunnels". He continued, "The bodies were being held in a tunnel under an area previously designated as part of the Humanitarian Area in Khan Yunis".The forces located a tunnel shaft about 10 meters deep leading to an underground tunnel route where the bodies of the hostages were found, according to a statement released on Wednesday."The soldiers of the Yahalom Unit and the ISA investigated the route and neutralized the obstructions, blast doors, weapons, explosives and hideouts used by the terrorists," the IDF explained. "The rescue was carried out after prolonged combat in a built-up area and in multi-story buildings, in which the forces carried out operations and searches that led to the elimination of terrorists and the destruction of terrorist infrastructure."The IDF and ISA stressed that they continue to deploy "all operational and intelligence means in order to fulfill the supreme national mission of bringing back all the hostages," according to their statement."The recovery of the bodies of Abraham, Alex, Chaim, Yagev, Yoram, and Nadav crucially provides their families with necessary closure and grants eternal rest to the murdered," the Hostages and Missing Families Forum said in a statement."Israel has a moral and ethical obligation to return all the murdered for dignified burial and to bring all living hostages home for rehabilitation," the organization said. "The immediate return of the remaining 109 hostages can only be achieved through a negotiated deal.""The Israeli government, with the assistance of mediators, must do everything in its power to finalize the deal currently on the table," the organization said.Hamas still has 109 hostages in their custody, with 36 of them presumed dead and their bodies still in Gaza. One of the hostages is American, with three believed to have been murdered in captivity by Hamas.The rescue operation occurred as U.S. Secretary of State Antony Blinken on Monday announced that Israel and Hamas were continuing to talk, even though Netanyahu has not yet formally agreed to any cease-fire at this time. The U.S. will continue to coordinate with Egyptian and Qatari leadership to "bridge the gaps" between warring parties."The parties – with the help of the mediators, the United States, Egypt and Qatar – have to come together and complete the process of reaching clear understandings about how they'll implement the commitments that they've made under this agreement," Blinken said without specifics on what was included."But there is, I think, a real sense of urgency here across the region on the need to get this over the finish line and to do it as soon as possible," Blinken added. "The United States is deeply committed to getting this job done – getting it done now."Blinken then met on Tuesday with Egyptian counterparts with the aim of trying to finalize a cease-fire deal in Gaza "that would secure the release of all hostages, surge humanitarian assistance and create a path for broader regional stability," according to State Department principal deputy spokesperson Vedant Patel."They also discussed other regional issues and priorities relevant to our bilateral relationship," Patel said. "The Secretary and the Foreign Minister also agreed to continue close coordination on ending the Sudan conflict, and the need for the Sudanese Armed Forces to join negotiations in Switzerland."Additionally, the Israeli Air Force (IAF) struck two Hezbollah launchers in the areas of Mansouri and Taybeh in southern Lebanon. The launchers were ready to be used immediately against Israeli territory.The U.S. has also held strategic dialogue with Egyptian counterparts to "further strengthen the bilateral partnership" between the two countries on a range of issues.Netanyahu assured families of the remaining hostages that the IDF is using "all necessary force to dismantle Hamas’ rule and its military capability, and this is moving forward.""At the same time, [we are] making an effort to return the hostages and preserve our strategic security assets in the face of major domestic and foreign pressure.""The first thing is to eliminate Hamas and achieve victory," he told the families in a forum on Tuesday. "We are approaching this step by step."
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Lukashenko Accuses Ukraine of Provocating Russia into Nuclear Action Hot News

Lukashenko Accuses Ukraine of Provocating Russia into Nuclear Action

August 20, 2024
In an interview published on Sunday, Belarusian President Alexander Lukashenko claimed that Ukraine's invasion of Russia is an attempt to "push" Moscow into using nuclear weapons."Such escalation on the part of Ukraine is an attempt to push Russia to asymmetric actions. Let's say to use nuclear weapons," he said in an interview with local outlet Rossiya. "I know for sure that Ukraine would be very happy if Russia or we used tactical nuclear weapons there. They will applaud it."Lukashenko, a close ally of Russian President Vladimir Putin, asserted that Kyiv is deliberately provoking Moscow into taking nuclear action to consolidate international support against Russia."We would hardly have allies left," Lukashenko continued. "There would be no… sympathetic countries left." Concerns about nuclear escalation in the conflict in Ukraine have heightened since the war began more than two years ago. Russia has repeatedly warned that it will respond decisively to any threats to its security, with Putin stating that "whoever tries to impede us, let alone create threats for our country and its people, must know that the Russian response will be immediate and lead to consequences you have never seen in history."Rebekah Koffler, a former DIA intelligence officer and author of "Putin’s Playbook," told Digital that last week, "Technically, a tactical nuclear strike can be justified under the Russian doctrine, given that Russia’s sovereignty and territorial integrity have been violated."However, Koffler also said she does not anticipate a nuclear strike at this time. Lukashenko's comments regarding the threat of nuclear warfare are not the first issued by the Putin ally since Russia invaded Ukraine.Previously, Lukashenko stated that he would "use nuclear weapons if the enemy crosses the border of the Union State. There will be no red lines, the answer will be instant."The Union State refers to a 1999 agreement between Belarus and Russia that forms a "supranational union" binding the two nations under a tight alliance.Koffler believes that Lukashenko's comments were "almost certainly… coordinated with Putin.""Russia and Belarus are part of the Union State. Their military doctrines are aligned, and their forces are loosely integrated from the command and control standpoint," she continued. Despite the close ties between the two nations, Minsk has not yet sent troops into Ukraine to assist Russia in its more than two-year-long invasion. However, it has allowed Russian soldiers to deploy from its borders into Ukraine.Lukashenko said on Sunday that Belarusian troops had been moved to the shared border with Ukraine following Kyiv's alleged deployment of approximately 120,000 troops there, reported Reuters, citing Belarusian news outlet BelTA."The goal of this move likely is, at minimum, to create the perception of opening the second front or to pre-stage forces for the possibility of opening the second front on behalf of Russia – threatening Ukrainian forces and making them feel stretched," Koffler said. Koffler also noted that Lukashenko's comments serve a secondary purpose by attempting to exert "psychological pressure" on Ukrainian President Volodymyr Zelenskyy and create "uncertainty about what the next step will be, as far as Russia-Belarus joint actions." The exact number of Belarusian troops at the border remains unclear, but according to figures cited in a report by Reuters, one-third of Minsk’s fighting force, believed to number around 20,000, is thought to be deployed there.Andriy Demchenko, a spokesperson for the Ukrainian border service, said on Sunday that despite Lukashenko's statements, the situation at the Ukraine-Belarus border remains unchanged."As we can see, Lukashenko's rhetoric does not change either, constantly escalating the situation with regularity to please the terrorist country," Demchenko said, according to Reuters. "We are not seeing any increase in the number of equipment or personnel of Belarusian units near our border."
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Fashion extravaganza CENTRESTAGE returns in September ACN Newswire

Fashion extravaganza CENTRESTAGE returns in September

August 20, 2024
- CENTRESTAGE ELITES, the grand opening fashion show, will be held on 3 September at the Hong Kong Palace Museum, featuring a show from world-renowned Hong Kong-born designer Robert Wun that will be live-streamed across multiple online platforms- The exhibition brings together 250 brands from 17 countries and regions, the highest number of brands ever to take part in CENTRESTAGE. For the first time, the event will open to the public for all four days- In line with market trends, new thematic zones for circular fashion and athleisure fashion have been added. Around 40 events will be held during the fair- Steve Chan, director of Weeds on Fire, has created cinematic narratives for the new collections of four fashion designers participating in the Fashion Hong Kong Runway Show, promoting cross-sectoral collaboration in the creative industriesHONG KONG, Aug 20, 2024 - (ACN Newswire via SeaPRwire.com) - CENTRESTAGE, the annual fashion extravaganza organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA), will showcase a rich tapestry of style from 4 to 7 September at the Hong Kong Convention and Exhibition Centre. The event will feature a plethora of fashion shows, parades and seminars led by industry heavyweights, with attendees able to gain insights into the latest industry trends and cutting-edge designs, as well as explore business opportunities. For the first time, the exhibition will be open to both industry buyers and the public for all four days of the fair, providing a unique opportunity for fashion enthusiasts to explore and purchase from a variety of brands offering products for retail sale.Sophia Chong, Deputy Executive Director of the HKTDC, said: "As the government continues to champion Hong Kong’s mega events economy, this year’s CENTRESTAGE will open its doors to both industry professionals and the public for four consecutive days. We extend our warm invitation to local residents, visitors from Mainland China and overseas to immerse themselves in this Asian fashion spectacle. This year, we are proud to showcase a record-breaking 250 brands from 17 countries and regions, including internationally renowned and iconic labels. The CENTRESTAGE runway will come alive with a series of world-class fashion shows including the “Home Coming” grand opening fashion show by Robert Wun at the Hong Kong Palace Museum, further cementing Hong Kong's status as a premier events capital. At the same time, the event will propel the development of the fashion and creative industries in Hong Kong and reinforce our city’s position as an east-meets-west centre for international cultural exchange."CENTRESTAGE ELITES moves to Hong Kong Palace MuseumThis year's CENTRESTAGE ELITES will be held at the Hong Kong Palace Museum on 3 September, the day before the fair gets underway, and will feature the fashion creations of Robert Wun, the first Hong Kong-born designer to feature at Paris Haute Couture Fashion Week. The evening marks his triumphant homecoming and will be the first fashion show ever held at the museum. CENTRESTAGE ELITES will be live-streamed on the CENTERSTAGE website, the HKTDC's YouTube channel and Facebook page, and on other online platforms such as ViuTV App and Yahoo HK. In addition, Mr Wun will showcase his designs in a dedicated exhibition area at CENTRESTAGE’s fairground and host a masterclass session on 5 September at which he will share his fascinating journey to becoming a globally renowned fashion designer.Showcasing the latest collections of local fashion design brands in a cinematic wayThe excitement continues with the Fashion Hong Kong Runway Show on the opening day of the fair (4 September), with four top local fashion brands – ANGUS TSUI, röyksopp gakkai, selfFab., and Z I D I – showcasing their latest collections. Moving beyond the traditional runway format, the event is collaborating with Steve Chan, director of the film Weeds on Fire that won the 1st First Feature Film Initiative organised by the CCIDA (formerly known as Create Hong Kong), to present the fashion creations of the four brands through a unique cinematic storytelling approach. This innovative take on the runway experience allows audiences to explore the world of fashion through a fresh lens while fostering deeper collaboration in Hong Kong's creative industries.The four-day fair will feature a series of other fashion shows, including the "Greater Bay Area Fashion Fusion Show" organised by Fashion Farm Foundation with the CCIDA as Lead Sponsor, the "Macao Fashion Parade" by the Macao Productivity and Technology Transfer Center, "Thai Designers' Showcase" by Thailand’s Department of International Trade Promotion, and the "Hong Kong Kids Fashion Show" by Hong Kong Kids Fashion Week.CENTRESTAGE will feature five zones, including the newly added Athleisure and Circular Fashion zones that will feature products from the increasingly popular activewear fashion and circular fashion sectors. The Craftsmanship zone will feature exquisite artisanship while the Contemporary zone offers chic and avant-garde designs and the Urban zone highlights products targeting the younger segment.Participating at CENTRESTAGE for the first time, the British Consulate-General Hong Kong will bring circular fashion clothing from eight British brands, including the Roksanda label from master British designer Roksanda Ilincic. International celebrities such as American pop star Lady Gaga, former United States First Lady Michelle Obama and British royal Kate Middleton have all worn Roksanda's designs. The designer will attend the exhibition in person, hosting a sharing session at which she will interact with attendees and discuss her path to success.The sports fever sparked by the Paris Olympics Games remains intense. Different sports brands will participate at CENTRESTAGE this year, including internationally renowned golf brand ASHWORTH, which is collaborating with well-known Hong Kong designer Mountain Yam to launch a joint collection at the event.Also in attendance at CENTRESTAGE are local and global industry powerhouses such as the Hong Kong Fashion Designers Association (HKFDA), the Hong Kong Design Institute (HKDI), the Laboratory for Artificial Intelligence in Design (AiDLab), Redress, the Knitwear Innovation and Design Society (KIDS), the School of Fashion and Textiles of the Hong Kong Polytechnic University, and the Hong Kong Research Institute of Textiles and Apparel (HKRITA). Governments and brands from around the world are actively supporting the event and showcasing their collections, including first-time participant the Singapore Fashion Council, Japan's Ueda College of Fashion, the Thailand Textile Institute and the Indonesia Fashion Chamber.HKTDC continues to invite buyers from around the world to source at CENTRESTAGE, including major multi-brand stores such as CNTRBND in Canada, Elevastor in France, VOO Store in Germany, Urbanist Store in the United Arab Emirates, Japan’s The Four-Eyed Limited, ANCHORET from Mainland China and Taiwan’s CLUB DESIGNER.Experts gather to discuss future fashion industry developmentsLeading figures from various fields in the fashion industry will take part in a series of seminars that will provide in-depth insights into the latest fashion trends, industry developments and related technologies. Among them, the Innovation and Technology Symposium organised by the Hong Kong Research Institute of Textiles and Apparel, themed "Scaling from Innovation to Impact", will explore how collaboration can multiply the effectiveness of innovative research and development to help the textile and fashion industry meet future challenges.Entering its ninth edition, CENTRESTAGE not only attracts top international designers and brands but also provides a stage for iconic industry competitions. The finals of the REDRESS Design Award 2024, a sustainable fashion design competition sponsored by CCIDA, will be held at CENTRESTAGE on 5 September. Ten finalists from around the world will come to Hong Kong to showcase their latest designs on the runway and compete for awards. Meanwhile, the Young Knitwear Designer’s Contest (YKDC), organised by the Knitwear Innovation and Design Society, will hold its final fashion show on the third day of the exhibition (6 September).Set to be the grand finale of this year’s CENTRESTAGE, the Hong Kong Young Fashion Designers' Contest (YDC) 2024 will take place on 7 September. Masayuki Ino, founder and designer of Japanese fashion brand doublet, will join as a guest judge alongside a panel of industry experts. Together, they will select the winners from 10 finalists for four awards: the Champion, Excellence Award, Best Art Direction and My Favourite Collection. The public is invited to participate by casting votes online (https://bit.ly/YDC2024_Vote_Now) for their favourite collection.CENTRESTAGE will be held concurrently with HKTDC’s Hong Kong Watch & Clock Fair and Salon de TIME. Attendees can enjoy a one-stop shopping experience for branded apparel and watches from around the world and can enter the “CENTRESTAGE X Watch & Clock” lucky draws that will be held during the exhibitions.Photo download: https://bit.ly/3SXCuVBSophia Chong, Deputy Executive Director of the HKTDC (centre); Katherine Fang, Chairman of the HKTDC Garment Advisory Committee (second left); Corin Wilson, Director, Trade & Investment, British Consulate-General Hong Kong (second right); William Fu, CEO of Ashworth (left); and Mountain Yam, Founder of 112 mountainyam (right) shared insights on the exhibition highlights, circular fashion and athleisure trends at today’s CENTRESTAGE press conference.The exhibition brings together 250 brands from 17 countries and regions, the highest number of brands ever to take part in CENTRESTAGE.The press conference was held at the Hong Kong Palace Museum, a cultural landmark in the city, where the red door backdrop proved popular for photo opportunities.Actress Samantha Ko (centre) joined the CENTRESTAGE press conference wearing a piece of fashionable sportswear from the Ashworth and Mountain Yam collaboration collection.Actress Sofiee Ng (second left) and actor Will Or (second right) showcased fashion pieces designed by young designers Angus Tsui (left) and Derek Chan (right) respectively.Sarika Choi modelled a dress from prestigious British brand Roksanda.Websites :CENTRESTAGE : www.centrestage.com.hkCENTRESTAGE ELITES: https://www.hktdc.com/event/centrestage/en/centrestage-elitesFashion Hong Kong : https://www.fashionhongkong.com.hk/enHong Kong Young Fashion Designers' Contest (YDC):www.fashionally.com/enMedia enquiriesBest Crew Public Relations & MarketingDiana TangTel: (852) 9199 6723Email: diana.tang@bestcrewpr.comReni KwokTel: (852) 6291 4283Email: reni.kwok@bestcrewpr.comHKTDC’s Communication & Public Affairs Department:Snowy ChanTel: (852) 2584 4525Email: snowy.sn.chan@hktdc.orgHKTDC Newsroom:http://mediaroom.hktdc.com/enAbout the HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong ’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. About Cultural and Creative Industries Development Agency (CCIDA)The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan.CCIDA’s website: http://www.ccidahk.gov.hk.Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Kingsoft Announces the Results for the First Half and the Second Quarter of 2024 ACN Newswire

Kingsoft Announces the Results for the First Half and the Second Quarter of 2024

August 20, 2024
FINANCIAL HIGHLIGHTSRMB’000(Unaudited)For the 6 MonthsEnded June 30For the 3 MonthsEnded June 30 2024202320242023Revenue4,610,6414,163,7972,473,7662,193,490- Office Software and Services2,413,0792,172,4971,187,7301,120,845- Online Games and Others2,197,5621,991,3001,286,0361,072,645Gross Profit3,782,6883,457,2392,042,0351,831,846Operating Profit1,395,6151,136,015794,037675,713Profit Attributable to Owners ofthe Parent677,923249,530393,35357,187Basic Earnings per Share (RMB)0.510.180.290.04HONG KONG, Aug 20, 2024 - (ACN Newswire via SeaPRwire.com) - Kingsoft Corporation Limited (“Kingsoft” or the “Company”, Stock Code: 03888.HK), a leading software and internet services company in China, announces its unaudited results for the three and six months ended June 30, 2024.In the first half of 2024, Kingsoft’s total revenue reached RMB 4,611 million, representing a year-on-year increase of 11%. Revenue from office software and services business was RMB 2,413 million, while revenue from online games and other business was RMB 2,198 million, accounting for 52% and 48% of total revenue, respectively. Gross profit for the first half of 2024 was RMB 3,783 million, a 9% increase compared to the same period last year.In the second quarter of 2024, Kingsoft’s total revenue reached RMB 2,474 million, representing a year-on-year increase of 13%. Revenue from office software and services business was RMB 1,188 million, while revenue from online games and others business was RMB 1,286 million, accounting for 48% and 52% of total revenue, respectively. Gross profit was RMB 2,042 million, representing a year-on-year increase of 11%.Mr. Jun LEI, Chairman of Kingsoft, stated: “In the second quarter of 2024, we steadfastly implemented our established strategy, and significant progress has been made in our core businesses. Kingsoft Office Group maintained steady operations and adhered to the strategy of 'Multi-Screen, Cloud, Content, Collaboration, AI'. We actively embraced the opportunities presented by large language models, and continuously invested in collaboration and AI R&D to enhance product competitiveness and promote the practical application of new productive forces in the smart office sector. In the online games business, we focused on a quality-centered strategy, delving deeply into classic JX series while actively expanding into new game genres.”Mr. Tao ZOU, the chief executive officer (“CEO”) of Kingsoft, said, “In the second quarter of 2024, we achieved solid growth in revenue and operating profit. Total revenue for the second quarter was RMB2,474 million, representing a year-on-year increase of 13% and a quarter-on-quarter increase of 16%. Revenue from online games and others business was RMB1,286 million, representing a year-on-year increase of 20% and a significant quarter-on-quarter increase of 41%, while revenue from office software business was RMB1,188 million, representing a year-on-year increase of 6%. The operating profit was RMB794 million, representing a year-on-year increase of 18% and a significant quarter-on-quarter increase of 32%.”Office software and services: Official released of WPS AI 2.0, further enhancing the intelligent office experienceIn the first half of 2024, the revenue of Kingsoft Office Group reached RMB2,413 million, representing a year-on-year increase of 11%. In the second quarter, its revenue reached RMB1,188 billion, representing a year-on-year increase of 6%.Kingsoft Office Group upgraded its AI strategy and released WPS AI 2.0. Focusing on individual users, it has launched four AI assistants in writing, reading, data and design. For enterprise users, we released WPS AI Enterprise Edition, which includes AI Hub, AI Docs, and Copilot Pro. For government users, we released Kingsoft Government Office Model , and WPS AI Government Edition.In the second quarter, the individual office subscription business experienced steady growth. We enhanced the cloud-integrated experience of its products, increasing user reliance on WPS cloud services, which in turn boosted user activity on the cloud. Simultaneously, we continually improved users' awareness and utilization of AI features. In the enterprise office sector, WPS 365 continued to drive business transformation, advancing cloud integration and collaborative work processes for government and corporate clients. We also focused deeply on the value scenarios of key government and enterprise customers, incubating secure and efficient industry-wide solutions. In the field of localization industry, we addressed the actual replacement needs of critical industries, achieving localized migration, adaptation, and application reconstruction of office systems. Meanwhile, the overseas business maintained healthy growth, with the upgraded release of WPS AI's international edition and its membership system.Online Games business: Core IP continues to break through, injecting new vitality into developmentIn the first half of 2024, revenue from the online games and others business grew steadily to RMB2,198 million, a 10% increase year-on-year. Revenue for the second quarter was RMB1,286 million, a 20% increase year-on-year and a significant increase of 41% quarter-on-quarter.Our core games have achieved a milestone breakthrough. The mobile version of JX3 Ultimate was successfully launched in June, with full platform data inheritance and interconnectivity with the flagship PC game JX3 Online. The daily active user count across all platforms reached a record high. Many dormant players returned, while new players kept joining, enhancing the baseline for the long-term operation of the IP and injecting new vitality into it. We will hold the 15th-anniversary celebration of JX3 Online in August and launch a new expansion pack in October to further enhance its long-term vitality. The sci-fi mech game, Mecha BREAK, has completed its first domestic public beta test in August.Mr. Jun LEI concluded, “Looking forward to the second half of the year, Kingsoft Office Group will remain dedicated to focusing on AI and collaboration, continue to invest in R&D, and improve the products related to WPS 365 and WPS AI systems. We will also promote their applications in office scenarios across various industries to provide more efficient and intelligent office solutions. Online games business will keep focusing on users, deepen expanded genres and seek new breakthroughs. We will adhere to the technology-driven business, continuously innovate and deliver products and content, and create prime experiences to generate value for our users and shareholders.”About Kingsoft Corporation LimitedKingsoft (3888.HK) is a leading Chinese software and internet service company listed on the Hong Kong Stock Exchange. It has three main subsidiaries: Kingsoft Office, Seasun Holdings and Kingsoft Shiyou. With the implementation of the “transformation toward mobile internet” strategy, Kingsoft has completed a comprehensive transformation in its overall business and management model. The Company has established a strategic layout with office software and interactive entertainment as its pillars, and cloud services and artificial intelligence as its new starting points. Kingsoft has more than 7,000 employees worldwide and holds a significant market share domestically. For more details, please refer to http://www.kingsoft.com.Kingsoft Investor Relations:Li YinanTel: (86) 10 6292 7777Email: ir@kingsoft.comFor inquiries, please contact Hill+Knowlton Strategies:Li YanjiaoTel: (86) 6150 8598Email: po@wsfg.comLai JunshenTel: (852) 9798 0715Email: po@wsfg.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Next-Level AML: XBO.com Integrates Elliptic’s Compliance Solution SeaPRwire

Next-Level AML: XBO.com Integrates Elliptic’s Compliance Solution

August 20, 2024
Compliance being a pressing issue, crypto players like XBO.com seek partnerships with top AML solution providers New York, NY – August 20, 2024 – (SeaPRwire) – In the rapidly evolving cryptocurrency landscape, platforms like XBO.com, a leading B2C crypto service, are at the forefront of ensuring secure and compliant trading environments. As the crypto market matures, the “Wild West” days of unregulated financial flows are giving way to a new era where compliance and transparency are paramount. XBO.com is setting the standard by integrating cutting-edge Anti-Money Laundering (AML) solutions to protect its users and foster trust in the digital finance ecosystem. XBO.com recognizes the importance of regulatory compliance in today’s crypto market. To maintain its position as a trusted crypto service, XBO.com has adopted robust AML measures that not only ensure legal operations but also build confidence among users and investors, especially those new to the world of digital currencies. AML and Compliance: Cornerstones of XBO.com’s Strategy As a comprehensive crypto service, XBO.com understands that adherence to AML regulations is essential for the long-term success of any crypto platform. Compliance helps prevent illegal activities such as money laundering, which can undermine the credibility of the entire financial ecosystem. XBO.com is committed to upholding the highest standards of legal compliance, which is crucial for maintaining its reputation as a trustworthy platform in the eyes of both regulators and users. For crypto exchanges like XBO.com, implementing strong AML policies is not just about meeting regulatory requirements—it’s about safeguarding the entire crypto market from exploitation by bad actors. By ensuring full compliance with global and local regulations, XBO.com reinforces its commitment to transparency and user protection, making it a go-to platform for both seasoned and novice crypto enthusiasts. XBO.com: A Model of Compliance and User-Centric Innovation While many crypto platforms strive to meet legal requirements, XBO.com goes above and beyond by actively seeking out partnerships with industry leaders in compliance technology. This proactive approach ensures that XBO.com remains at the cutting edge of security and user protection. Emerging as a leader in the crypto exchange sector, XBO.com offers a user-friendly and innovative platform that has evolved into a full-fledged crypto ecosystem. XBO.com is not just a trading platform; it is a comprehensive service where users can access a wide range of features, from spot trading to earning interest on digital assets. The platform’s intuitive design and commitment to accessibility are encapsulated in its motto: “Crypto. Made for everyone.” This philosophy, combined with rigorous compliance measures, sets XBO.com apart in a highly competitive market. Elevating AML Standards: XBO.com Partners with Elliptic In its quest to achieve the highest standards of compliance, XBO.com has partnered with Elliptic, a globally recognized leader in AML and compliance technology for the crypto industry. This strategic alliance highlights XBO.com’s unwavering dedication to lawfulness and user safety. By leveraging Elliptic’s advanced blockchain analytics, XBO.com can detect and prevent illicit activities, ensuring that all transactions on the platform are secure and compliant with global standards. Elliptic provides a comprehensive suite of services that enhance XBO.com’s ability to monitor transactions and identify potential risks. From Wallet Screening and Transaction Monitoring to Crypto Investigations, Elliptic’s tools empower XBO.com to maintain the highest levels of compliance and user protection. This partnership not only strengthens XBO.com’s security infrastructure but also positions the platform as a leader in the fight against money laundering and other financial crimes. Maximizing User Benefits Through Strategic Partnerships By integrating Elliptic’s state-of-the-art AML solutions, XBO.com offers its users an unparalleled level of security and compliance from the moment they join the platform. This collaboration allows XBO.com to implement cutting-edge tools without the delays associated with developing an in-house system, ensuring that users benefit from the highest standards of protection and trust. XBO.com’s decision to partner with an industry leader like Elliptic underscores its commitment to providing a secure and compliant trading environment. This move not only enhances user trust but also solidifies XBO.com’s reputation as a responsible and forward-thinking crypto service. Building Trust and Transparency in the Crypto Industry As the cryptocurrency industry continues to evolve, partnerships like the one between XBO.com and Elliptic are essential for advancing regulatory standards and building trust among users and the broader public. XBO.com is leading by example, showing that a commitment to compliance and transparency is key to the future success of the crypto market. By prioritizing legal standards and integrating the best available technologies, XBO.com is setting a benchmark for other crypto platforms to follow. This dedication to legality and transparency will contribute to a safer and more reliable future for all users in the cryptocurrency space. As the industry matures, XBO.com’s partnership with Elliptic will play a crucial role in ensuring that the platform remains a trusted and secure environment for all its users, ultimately helping to shape the future of digital finance. Media Contact Brand: XBO Contact: Media team Website: https://www.xbo.com SOURCE: XBO The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Sectors: Top Story, Corporate News SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in different languages, including: IndonesiaFolk, IndoNewswire, SEATribune, IDNewsZone, LiveBerita, DailyBerita, TaiwanPR, SinchewBusiness, AsiaEase, BuzzHongKong, SingapuraNow, TIHongKong, TaipeiCool, TWZip, AsiaFeatured, dePresseNow, THNewson, KULPR, VNFeatured, MENAEntry, HunaTimes, DubaiLite, ArabicDir, BeritaDaring, TekanAsia, JamKopi ...
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CHINA BLUECHEM REPORTS REVENUE OF RMB6.007 BILLION ACN Newswire

CHINA BLUECHEM REPORTS REVENUE OF RMB6.007 BILLION

August 20, 2024
Financial Highlights: (RMB Million)For the Six Months Ended 30 June1H 2024 1H 2023ChangeRevenue6,0076,176-2.7%Gross Profit1,0031,064-5.7%Net Profit Attributable to Owners of the Company6871,715-59.9%Basic Earnings per Share (RMB)0.150.37-59.4% HONG KONG, Aug 20, 2024 - (ACN Newswire via SeaPRwire.com) - China BlueChemical Ltd. (“China BlueChem” or the “Company”, stock code: 3983), China’s largest chemical fertilizer central enterprise in both production capacity and production volume, has announced its unaudited interim results for the six months ended 30 June 2024. The Company achieved revenue of RMB6.007 billion and net profit attributable to owners of the Company of RMB687 million for the six months ended 30 June 2024. The business performance was basically similar to that in the first half of 2023. However, in 2023, a one-off profit was realized from the disposal of 67% equity interest in a subsidiary for strategic reasons, which significantly drove the Company's profit growth in the first half of 2023.Mr. HOU Xiaofeng, CEO and President of China BlueChem said, “Despite the overhaul of multiple plants, the Company still performed well in achieving its target plans for the first half of 2024. During the period, the Company continued to strengthen safety production management and the overall safety situation remained stable. It actively expanded the market and increased efficiency, and continuously promoted management that strives for excellence which resulted in steadily improved governance efficiency. In addition, the Company has consistently adhered to a philosophy of green and sustainable development. Its methanol plant has been awarded the honorary title of “Energy Efficiency Leader” by the China Petroleum and Chemical Industry Federation for 13 consecutive years, and its synthetic ammonia plant has been awarded the honorary title of “Water Efficiency Leader” by the China Nitrogen Fertiliser Industry Association for 5 consecutive years.”In the production perspective, the Company continuously strengthened production and operation control, constantly improved the rationality and economy of equipment maintenance cycles, and released a 5-year rolling plan for equipment maintenance. Among them, the major overhauls of the Fudao Phase I urea unit, Fudao Phase II urea unit, and Hainan Phase II methanol unit were all completed successfully ahead of schedule, laying a solid foundation for subsequent stable operations. In the first half of the year, the Company produced 973,000 tonnes of urea, 707,000 tonnes of methanol, 445,000 tonnes of phosphate fertilisers and compound fertilisers, and 97,000 tonnes of acrylonitrile series products. Except for urea, the production of other products increased year-on-year.In terms of marketing, facing the complex and ever-changing market situation, the Company has further strengthened market analysis and priced scientifically and precisely. Meanwhile, the Company explored deeply the market competitiveness and price elasticity of products, and promoted the development of the competitive sales business of fertilisers and methanol. Additionally, the Company strengthened direct sales through e-commerce, with e-commerce direct sales volume increasing by 54% year-on-year. In the first half of the year, the Company sold 1.003 million tonnes of urea, 668,000 tonnes of methanol, 401,000 tonnes of phosphate fertilisers and compound fertilisers, and 88,000 tonnes of acrylonitrile series products.Looking ahead to the second half of the year, the increase in overall supply of urea is expected to exceed the increase in demand. Domestic urea prices are expected to be weak in the third quarter, but will improve later with the preparation of fertilisers for winter wheat. Regarding phosphate fertilisers, the overall supply is sufficient, while with the combined effects of international procurement, domestic autumn wheat demand, and the release of demand for winter storage fertiliser, the overall demand is expected to be relatively strong with prices remaining cautiously optimistic. Methanol supply is relatively abundant, while imports are expected to resume growth. Downstream demand for Methanol is expected to grow, and the cost side will provide price support. It is expected that the supply and demand situation of Methanol will change frequently,exhibiting primarily wide fluctuations in the market trend. On the other hand, both supply and demand for acrylonitrile are expected to grow, but the increase in supply will be more prominent. The market may continue to experience an oversupply, and spot prices are expected to remain weak.Mr. HOU Xiaofeng, CEO and President of China BlueChem said, “In the second half of 2024, the Company will strive to ensure the safe and stable operation of production facilities, and enhance risk mitigation capabilities. At the same time, the Company will continuously optimize resource allocation, leverage locational advantages, enhance product competitiveness and further explore the potential for marketing efficiency improvement. In addition, the Company will improve refined management standards and establish a cost control indicator system. Furthermore, it will strengthen brand building, strive to create a benchmark base for green agriculture brands and emphasize digitalization, intelligence, and green and low-carbon initiatives. Moreover, the Company will promote equipment upgrades and conduct research on the development planning of green strategic emerging industries.”- End -About China BlueChemical Ltd.China BlueChemical Ltd. (“China BlueChem”) is a listed company that specialises in the development, production and sales of chemical fertilisers and synthetic chemical products. It is the largest Central enterprise in the field of chemical fertilisers in terms of both production capacity and production volume. The Company is a subsidiary of China National Offshore Oil Corporation which mainly engages in the exploration, development, production and sales of crude oil and natural gas. On 29 September 2006, China BlueChem was listed on the main board of The Stock Exchange of Hong Kong Limited with the stock code 3983. Currently, its production facilities are located in Hainan, Hubei and Heilongjiang, China, with a total designed annual production capacity of 1.84 million tonnes of urea, 1 million tonnes of phosphate and compound fertilisers (mono-ammonium phosphate, di-ammonium phosphate and compound fertiliser), 1.4 million tonnes of methanol, 200,000 tonnes of acrylonitrile and 70,000 tonnes MMA. It has a deep water port with a designed annual throughout capacity of 18.28 million tonnes in Dongfang city, Hainan province. Boasting continued growth of its brand value, the Company’s brand value reached RMB5.404 billion in 2023, up by RMB1.433 billion as compared with 2022. In early 2023, the Company was granted “The Outstanding Listed Enterprise Awards 2022 – Excellent Results Performance” by Capital Media in recognition of its impressive and growing financial results.For more information about the Company, please visit its website: www.chinabluechem.com.cn. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Filipino FSI leaders earned major accolades at WFIS Awards 2024 ACN Newswire

Filipino FSI leaders earned major accolades at WFIS Awards 2024

August 20, 2024
MANILA, Aug 20, 2024 - (ACN Newswire via SeaPRwire.com) - The greatest awards show dedicated to the financial services industry in the Philippines, WFIS Awards 2024 is poised to grab nationwide headlines post-announcing the best FSI minds from 11 exclusive categories.Part of the larger WFIS event, the awards show took place on 14 August between 4 - 7 PM at Manila Marriott Hoteland was attended by the most senior professionals, dignitaries from the public sector, innovators, fintech experts and many others.Vying for the coveted titles, contenders from myriad domains entered the awards show which overall received more than 100 nominations. The nominations were later screened based on their exemplary body of work and other pre-defined parameters by industry’s most trusted names who also formed the jury for the awards show.The jury included Mel Migrino (Chairman and President, Women in Security Alliance Philippines), Anna Marie Pabellon (Deloitte PH Financial Services Industry and Assurance Leader, Deloitte), Imelda Tiongson (Trustee & Board Director, Fintech Alliance Ph & Various Public Listed Companies), Emmanuel Bonoan (Vice Chairman and COO, Head of Advisory, KPMG in the Philippines, R.G. Manabat & Co.), Charlie Valerio (Vice President, Philippines Chief Information Officer Association (PCIOA) and Balaji Viswanathan (Managing Director & CEO, Expleo Solutions Limited).While the jury had a tough time deciding the winners owing to a fierce competition, the names were finally announced and called upon stage to receive the trophies. Below are the results.IT Maestro of the Year - Mark Anthony Santiago, Head, IT Risk Management, UnionDigital BankGRC Advocate of the Year - Julie Reyes, Group Chief Risk and Compliance Officer, MayaData & Analytics Leader of the Year - Aakriti Raj, Principal Data Scientist/ Senior AVP, Security Bank CorporationRetail Banker of the Year - Daryl Sandoval, Head of Micro and Small Lending Division 1, Bank of Makati, A Savings BankCyber Practitioner of the Year - RB Banez, Deputy Chief Information Security Officer and Head of Cyber Security Governance, CIS BayadCX Innovator of the Year - Ramil De Villa, SVP2 & Consumer Lending Group Head, Rizal Commercial Banking Corporation (RCBC)Woman Influencer in FSI - Diana Lim, VP & Deputy Department Head, PETNET Inc.Wealth Management Expert of the Year - Carlos Garcia, Head - Treasury Compliance, GCashChampioning Enterprise GRC Implementation - Rizal Commercial Banking Corporation (RCBC)Data Transformation Excellence Award - UnionBank of the PhilippinesThe evening had a blistering start as the electrifying performance by IOX Entertainment captivated the audience and got them excited. Every element at the show was oozing glamour from the moment the attendees set foot inside the designated platform. The entire space was decked with red carpets, paparazzi lights and a lot of bling to add to the evening’s charm. If that wasn’t enough, the entrancing champagne ladies further raised the platform’s spirits.All in all, it was an evening that gave Indonesia’s financial services community a chance to unwind, feel appreciated for their hard work, and a moment to rejoice. Organizer and CEO of Tradepass, Sudhir Ranjan Jena expressed his delight over the spectacular awards show, “WFIS Awards has now become the most competitive space under the financial services industry as the idea of getting recognized in front of the entire community is something no industry leader wants to miss. While the award categories at World Financial Innovation Series have become the most coveted titles, the huge number of nominations every year is a sheer testament to the platform’s high demand and standard.”For more information about the event, log on to: https://philippines.worldfis.com/About TradepassProviding access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.Media contact:Shrinkhal SharadPR & Communication Leadshrinkhals@tradepassglobal.com + (91) 80 6166 4401Tradepass Copyright 2024 ACN Newswire via SeaPRwire.com.
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Champion REIT Announces 2024 Interim Results ACN Newswire

Champion REIT Announces 2024 Interim Results

August 20, 2024
HONG KONG, Aug 19, 2024 - (ACN Newswire via SeaPRwire.com) - Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for the six months ended 30 June 2024. Summary of financial results 1H 20241H 2023ChangeTotal Rental Income (HK$ million)1,1151,168- 4.5%Net Property Income (HK$ million)954995- 4.1%Distributable Income (HK$ million)544617 - 11.9% Distribution per unit (HK$)0.08090.0927- 12.7% 30 Jun 202431 Dec 2023ChangeGross Value of Portfolio (HK$ million)61,40662,950- 2.5%Net Asset Value per unit (HK$)7.427.72- 3.9%Gearing Ratio23.1% 22.8%+ 0.3ppOverviewThe high interest rate environment continued to affect the results of the Trust in the first half of 2024. While the total number of tourist arrivals recorded solid growth, the strong local currency dampened consumption and prompted an outflow of domestic travellers. While Langham Place Mall continued to outpace the market in retail sales, the Hong Kong office rental market remained under pressure in light of the supply conditions. Following the successful refinancing, we have ample undrawn committed facilities of HK$4.0 billion to support all the refinancing needs in 2024 and 2025. Amid the challenging macroeconomic environment, distributable income of the Trust decreased by 11.9% to HK$544 million and distribution per unit (“DPU”) declined by 12.7% to HK$0.0809.Three Garden RoadThe occupancy of Three Garden Road remained resilient despite the abundant supply in the market. We observed more enquiries from asset management firms and family offices, and managed to secure some new small-sized tenants during the reporting period. Occupancy stood at 82.3% as at 30 June 2024. Rental income decreased by 9.0% to HK$571 million (2023: HK$627 million) as a result of negative rental reversion in the first half of the year. Langham Place Office TowerLangham Place Office Tower continues to be a lifestyle and wellness hub with lifestyle tenants occupying 69% of the area as at 30 June 2024. As the recovery of mainland medical beauty tourism after the pandemic was slower than expected, some beauty and medical tenants scaled down their operations. Occupancy was 87.1% as at 30 June 2024. Rental income decreased by 4.5% to HK$166 million (2023: HK$174 million).Langham Place MallLangham Place Mall continued to outperform the overall Hong Kong retail market in the reporting period. While Hong Kong retail sales declined by 6.6% in the first half of the year, tenants’ sales of the mall increased by 2.3%. The beauty segment continued to be the growth driver. Occupancy of the mall returned to full occupancy as at 30 June 2024. Rental income improved to HK$378 million (2023: HK$366 million).DistributionDistributable income of the Trust dropped 11.9% to HK$544 million (2023: HK$617 million) and DPU dropped 12.7% to HK$0.0809 (2023: HK$0.0927). Based on the closing unit price of HK$1.57 recorded as at 28 June 2024, the total DPU represented an annualised distribution yield of 10.3%.Asset ValueThe appraised value of the Trust’s property portfolio was HK$61.4 billion as at 30 June 2024, declining by 2.5% from HK$62.9 billion as at 31 December 2023.Sustainability We continue to advance our commitment to sustainable practices across our properties and value chain. Three Garden Road has become Hong Kong’s first existing building conferred with the prestigious “Quadruple Platinum” after achieving the Platinum certification of Leadership in Energy and Environmental Design (LEED) v4.1 and the Platinum certification of WiredScore v3.1. We also continued to strengthen strategic partnerships with tenants and stakeholders. A key initiative was the ESG Week held in this July which featured a diverse range of impactful activities in collaboration with over 20 partners and organisations.OutlookWhile the market generally expects interest rate cuts to start in the second half of 2024, it remains uncertain about the degree of the adjustment. The global economy outlook is also clouded by geopolitical tensions and policy risks. For the office portfolio, we will stay flexible in our leasing strategy to tailor to the requirements of tenants. We will also continue to refine the tenant mix of Langham Place Mall and recruit first-in-Hong Kong brands to strengthen the appeal to both local consumers and tourists. We will stay agile and flexible in response to the market dynamics.Photo 1 - (Left)Ms. Christina Hau, Chief Executive Officer & (Right) Ms. Amy Luk, Investment and Investor Relations DirectorPhoto 2 - Ms. Christina Hau, Chief Executive OfficerAbout Champion REIT (stock code: 2778)Champion Real Estate Investment Trust is a trust formed to own and invest in income- producing office and retail properties. The Trust focuses on Grade A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as a joint venture stake in 66 Shoe Lane in Central London. The Trust was awarded the top five-star rating by the Global Real Estate Sustainability Standard (GRESB) in 2023.Website: www.championreit.comFor press enquiries:Strategic Financial Relations LimitedVicky LeeTel: 2864 4834Email: vicky.lee@sprg.com.hkCynthia Ng Tel: 2114 4952Email: cynthia.ng@sprg.com.hkTheresa OuyangTel: 2864 4848Email: theresa.ouyang@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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SAP Launches Business AI Experience Center in Hong Kong ACN Newswire

SAP Launches Business AI Experience Center in Hong Kong

August 20, 2024
HONG KONG, Aug 20, 2024 - (ACN Newswire via SeaPRwire.com) - SAP announces the grand opening of its "Business AI Experience Center" located at its Hong Kong office. The center aims to showcase the cutting-edge capabilities of integrated Business AI in driving innovation, enhancing efficiency, and boosting business growth through live use cases and success stories. It is designed to guide enterprises from understanding AI to practical implementation, enabling them to achieve digital transformation, and therefore fully explore the unlimited possibilities brought by Business AI.SAP announces the grand opening of its "Business AI Experience Center"located at its Hong Kong office.Esmond Tong, Managing Director of SAP Hong Kong and Macau, said, " With the Business AI Experience Center, SAP aims to create a platform for enterprises and partners to exchange ideas and gain valuable insights that will enhance their agility and creativity. Enterprises can harness SAP's cloud platform to unlock AI's potential and achieve business benefits. With over 50 years of extensive expertise, SAP offers cloud solutions tailored to meet the diverse needs of businesses across industries, regardless of size or development stage, helping them accelerate business growth and development."Esmond Tong, Managing Director of SAP Hong Kong and MacauEarlier this year, SAP announced the full integration of business AI into its cloud portfolios and the gradual rollout of the generative AI copilot, Joule, across the company’s solution portfolio. This initiative is expected to enhance business functions and improve enterprise performance, with Joule managing 80% of the most frequently used tasks. This will make 300 million end users of SAP products 20% more productive, while significantly improving work quality. Meanwhile, SAP is deepening its collaboration with global strategic partners such as Microsoft, AWS, Google Cloud, and NVIDIA to advance the enterprise application of generative AI.The Business AI Experience Center features four live demonstration scenarios. These allow customers to explore innovative applications of SAP Business AI technology being seamlessly integrated into sales, talent management, and marketing processes.- Joule in ERP: Automates and manages sales orders and related processes, significantly enhancing the performance of sales operations.- Just Ask: A conversational AI analysis tool that provides deep sales insights, empowering businesses to make data-driven decisions and drive sales performance.- Talent Writing Assistant: A generative AI tool that helps managers with performance review, talent management, and compensation processes, streamlining HR operations and improving manager effectiveness.- Joule in Customer Experience: Enhances customer engagement and satisfaction through social media posting and exploratory questions, boosting marketing efforts and brand visibility.The "Business AI Experience Center" is now available for visits by appointment. For more information or to schedule a visit, please contact the SAP Hong Kong sales team at +852 2150 2799.Image Download: https://bit.ly/4dP4a7m###About SAPAs a global leader in enterprise applications and business AI, SAP stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. In 2023, SAP was honored for the eighth time with the "Best Workplace in Greater China" award by Great Place to Work. For more information, visit https://www.sap.com/hk‚For media enquiries, please contact:Strategic Public Relations Group (SPRG):Andico Tsuiandico.tsui@sprg.com.hk+852 2114 4346 / 6902 3831Vincent Ipvincent.ip@sprg.com.hk+852 2114 4341 / 5498 9705 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Expert Explains Potential Causes of Superyacht Tragedy, Emphasizing Weather Limitations

August 20, 2024
While luxury superyachts like the Bayesian, which capsized and sank early Monday with more than a dozen people on board, are typically designed to withstand extreme weather conditions, not everything is 100% guaranteed, according to one expert. Digital spoke with eSysman of the YouTube channel , to find out what could have gone wrong with the vessel. The host, who identifies publicly as eSysman, told Digital that a high-caliber yacht like the Bayesian, should typically be able to withstand up to "extreme weather conditions," but qualified that "there are always limits." "Obviously, any voyage plan will take into account the weather. Wind, wave sizes, and frequencies of the waves will be studied and precise prediction of weather has improved over the years, but it’s still not 100%," eSysman said, noting that it is ultimately the captain who is responsible for the vessel. The Bayesian was notable for its single 246-foot mast — one of the world's tallest made of aluminum and which was lit up at night, just hours before it sank. Online charter sites listed it for rent for up to 195,000 euros – or around about $215,000 – a week.Sicily's civil protection agency said that a tornado over the water known as a waterspout had struck the area overnight. British tech magnate Mike Lynch and five other people were missing after their luxury superyacht sank during a freak early Monday, authorities said. Lynch's wife and 14 other people survived. Lynch was among six people who remain unaccounted for after their chartered sailboat sank off the Italian city of Porticello, near Palermo, sometime after 4 a.m. "There’s always the possibility of survivors. This is why the search and rescue will keep going, no matter how slim the chances are," eSysman said. "But life expectancy in cold water is short."If a vessel is caught in high-winds, eSysman, [they] will start their engines, and maneuver into a position where the wind is on the bow, avoiding the beam or the side of the vessel from being against the wind. "We’re not sure if the yacht was at anchor or was sailing. The eyewitness report seems to suggest the vessel was anchored in the bay, but the AIS data's lost position said she was underway, so we're not sure which is correct," eSysman said. "AIS" refers to "Automatic Identification System," which is a short-range coastal tracking system used on ships. Per its YouTube channel, the team at eSysman SuperYachts comprises all serving or ex-maritime professions, with eSysman himself having more than two decades in the industry working on various SuperYachts of all sizes "including some of the largest in the world." The crew and passengers of the Bayesian hailed from a variety of countries: In addition to Britain and the passengers and crew were from Antigua, France, Germany, Ireland, Myanmar, the Netherlands, New Zealand and Spain.The UK Marine Accident Investigation Branch is deploying a team of four inspectors to Italy to conduct a preliminary assessment. The Foreign Commonwealth and Development office said it was "providing consular support to a number of British nationals and their families."Built in 2008 by the Italian firm Perini Navi, the yacht can accommodate 12 passengers in four double cabins, a triple and the master suite, plus crew accommodations, according to Charter World and Yacht Charters.
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Guoen’s (HKSE:8121) Share Price Doubled after Rights Issue, thanks to Star Investor RaffAello

August 20, 2024
EQS Newswire / 20/08/2024 / 10:38 UTC+8 Well-run listed companies often achieve remarkable results when they encounter suitable partners in the capital markets. Guoen Holdings Limited ("Guoen") (HKSE: 8121) is a prime example. In February this year, Guoen announced a 1-for-2 rights issue at HK$1.04 per share, raising HK$17.3 million. The Group offers a range of integrated digital marketing services, including social media management services, digital advertisement placement services and creative and technology services. Its strong financial position allowed it to become a shareholder of Meitu, Inc. (HKSE: 1357) and Hong Kong Exchanges and Clearing Limited (HKSE: 388) amidst the Hong Kong stock market downturn. It demonstrated the Group’s ability to seek returns for its shareholders. After announcing the rights issue in February, the company's performance has been steadily improving. In June, it announced a positive profit alert and subsequently a net profit of HK$3.16 million for the full year ended 31 March, returning to profitability from a loss. The share price has recently been hovering above HK$2, doubling the rights issue price, bringing a promising return for all participating shareholders. RaffAello Securities (HK) Limited also played an indispensable role in this rights issue. In the post-pandemic era, when Hong Kong companies face high-interest rates and shifts in consumer patterns, a Hong Kong startup-turned-listed company achieving such an encouraging result was a testament. RaffAello itself is a designated placing agent for star tycoons over the past years, having helped many wealthy individuals and top-tier funds accumulate quality stocks in the secondary market over the years, making it a star investor its own. Historically, the stocks underwritten by RaffAello have often seen gains in multiples. It remains to be seen whether Guoen can ride the recovery of the Hong Kong stock market to scale new heights in the future. 20/08/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
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DreamFolks Expands its Footprint into the Southeast Asian Market ACN Newswire

DreamFolks Expands its Footprint into the Southeast Asian Market

August 20, 2024
SINGAPORE, Aug 20, 2024 - (ACN Newswire via SeaPRwire.com) - DreamFolks, India's largest airport services aggregator, is proud to announce its strategic expansion into the Southeast Asian market. This milestone marks a significant step in DreamFolks' mission to redefine travel experiences on a global scale.Over the past 12 years, DreamFolks has revolutionized the airport services industry in India by offering a comprehensive suite of premium services through its proprietary technology platform. The company dominates the Indian domestic lounge access market for debit and credit card programs, boasting an impressive 90% market share and partnerships with most major banks and card networks in the country. The Company went public in September’22 with listings on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).DreamFolks' success stems from its cutting-edge in-house technology, which empowers banks and card networks to significantly enhance their card value propositions. This technology helps boost sales, drives loyalty and optimizes cost for these financial institutions. This tech-driven approach has been key to DreamFolks' success in India and will continue to fuel its expansion into other geographies.The company's global footprint now extends to over 3000 touchpoints across more than 100 countries and 500+ cities, serving millions of travellers annually. This extensive network positions DreamFolks uniquely to offer unparalleled service to its clients and their customers in the new markets.Building on its success in the Indian market, DreamFolks is now poised to bring its innovative service aggregation model to the Southeast Asian market with services like airport and railway lounges, e-SIM: travel SIM cards, meet and assist services, airport transfers, golf privileges and more to their customers.As part of this expansion, DreamFolks has established a regional office in Singapore, demonstrating its commitment to the market. The company has also bolstered its leadership team by on-boarding, Adib Kangda, Senior Vice President – International Markets, a seasoned professional with extensive knowledge of the local market dynamics.Liberatha Kallat, Chairperson and Managing Director of DreamFolks, commented on the expansion and said, "Our expansion into Southeast Asia marks a significant milestone in DreamFolks' journey. We're not just entering new markets; we're bringing our vision of seamless, technology-driven travel experiences to one of the world's most dynamic regions. This area represents immense opportunities for growth and innovation in the travel sector. With our proven track record in India, we're confident that our unique service aggregation model will resonate strongly with banks, card networks and enterprises across the region. By entering the Southeast Asian market, we will introduce market-first card innovations, and significantly save costs for our clients. Our focus is on delivering tangible benefits for our clients, ensuring they experience enhanced value and efficiency."This expansion is expected to benefit both clients and travellers in the region. By offering its advanced technology solutions, DreamFolks aims to help banks, card networks and enterprises optimise their offerings, enhance customer loyalty, and streamline operations. For travellers, this means access to a broader range of premium services and a more seamless travel experience. This expansion not only marks a new chapter in DreamFolks' journey but also promises to elevate the standards of travel services across the region.About DreamFolksDreamFolks is a leading travel & lifestyle services aggregator and provides an in-house technology platform that allows its clients such as Banks, Card Networks, Airlines, OTAs, and Enterprises to create custom offerings for their end consumers. DreamFolks today manages the lounge and other benefits for most of the top Banks in India and enjoys a market share of over 90% in the domestic lounge access market for India-issued debit and credit programs. The company went public in Sep ’22 with listings on both BSE and NSE and has a global footprint extending to 3,000+ touchpoints in 100+ countries, across the world.For more information, please visit our website (www.dreamfolks.com) or contact our media relations team.Contact Information: dreamfolks@adfactorspr.comNamrata Sharma – Namrata.sharma@adfactorspr.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Food Expo and concurrent events spurs public shopping spree ACN Newswire

Food Expo and concurrent events spurs public shopping spree

August 20, 2024
- Food Expo, Food Expo PRO, Beauty & Wellness Expo, Home Delights Expo and Hong Kong International Tea Fair drew to a successful close today. The five concurrent fairs welcomed some 1,860 exhibitors from 30 countries and regions and attracted over 500,000 visits- Over 90% of local exhibitors accepted electronic payment options for added attendee convenience, and the per capita spending reached HK$1,615; an increase of more than 6% compared to last year- Four new theme days drove local spending, creating a vibrant spending atmosphere- The International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM), ended on a high note with 18 renowned speakers discussing the latest issues, including the development of Chinese medicine products in the Greater Bay AreaHONG KONG, Aug 19, 2024 - (ACN Newswire via SeaPRwire.com) - The HKTDC Food Expo, HKTDC Beauty & Wellness Expo and HKTDC Home Delights Expo, organised by the Hong Kong Trade Development Council (HKTDC), drew to a successful close today, with the total number of visits reaching over 500,000, and an overall spending capita of HK$1,615. The five trade fairs attracted some 1,860 exhibitors from 30 countries and regions and were bustling with visitors amidst a lively spending atmosphere, highlighting the strong appeal and reputation of these annual flagship events.The Food Expo PRO and Hong Kong International Tea Fair also ended on a high note on 17 August. The two trade fairs saw exhibitors and trade buyers from around the world, including some 20,500 buyers from 60 countries and regions. Buyers outside Hong Kong mainly came from Mainland China, Taiwan, Indonesia, Japan, Korea, Malaysia, Philippines, Thailand, and more, reinforcing Hong Kong’s position as a major food and beverage trading hub in the region. The ICMCM, organised by the Modernized Chinese Medicine International Association (MCMIA) together with the HKTDC and ten scientific research institutions, also successfully concluded on 16 August.Sophia Chong, HKTDC Deputy Executive Director, said: “This year, for the first time, four theme days featured across all fairs contributing to their resounding success. Well-designed, exciting and innovative activities drew large crowds, fuelling visitor spending. This year, the introduction of a dedicated Halal food and beverage label, on products from more than 100 exhibitors at the Food Expo PRO and Food Expo was welcomed by buyers and the public visitors. We were pleased to see the Hong Kong International Tea Fair continue to gain strong support from regional pavilions and exhibitors. The five fairs successfully created significant business opportunities for exhibitors, and a vibrant shopping destination for the public.”Over 90% of local exhibitor accepted electronic payment methods with per capita spending reached HK$1,615Over 90% of local exhibitors at the Food Expo, Beauty & Wellness Expo, and Home Delights Expo accepted electronic payment. In a survey conducted on-site by the HKTDC. More than 50% of about 1,500 respondents said they had spent HK$1,000 or more at the exhibition. Nearly 85% of respondents said they paid electronically, emphasising how e-payment boosts spending by offering visitors ease and convenience. The overall per capita spending was estimated at HK$1,615; a year-on-year rise of more than 6%.Strong consumption fuelled by encouraging sales resultsThe city’s premier annual Food Expo is dedicated to showing the world’s finest cuisine and wines.Taiwan exhibitor Grass Lands Food Co., Ltd. exhibited at the fair for the first time and achieved great results with a whole container crispy jerky and chewy jerky sold out by the fourth day of fair. According to Yu-Hung Wang, manager of Grass Lands Food Co. Ltd, said, “Many consumers from Mainland China and Hong Kong showed great interest in our jerky products and the sales were exceptional and far exceeded our expectation. We successfully promoted our brand and products at the fair."The Beauty & Wellness Expo showcased quality products, including popular home-use beauty devices, skincare brands, hair care products, and more. The Korean beauty brand, medicube, returned to the fair with an enlarged booth of 96 square metres. The brand’s senior associate of beauty marketing team, Julie An, saw a lot of potential in Hong Kong for Korean beauty brands and brought two more brands to this year’s fair. Their best seller was the medicube’s AGE-R Booster Pro beauty device with an average daily sales volume of more than 1,000 sets at the special Expo price of HK$1,700 each. Other medicube beauty products were also well-received by Hong Kong consumers with new customers responsible for more than 75% of sales.The Home Delights Expo featured massage chairs, smart home technology, stylish homeware, bedding and furniture. Giormani, a custom-made sofa specialist renowned for its quality and design, made its first appearance at the Home Delights Expo this year. Shop Manager, Kenji Wan, said the booth attracted a lot of attention from new customers. With the special discounts of up to 59% off to stimulate onsite sales, they expected a sales turnover of approximately HK$2 million.Trade fairs opened doors to new business opportunities for Halal productsThe Food Expo PRO brought together leading food and beverage companies, technology enterprises and representative organisations from countries and regions around the world.In line with the growing interest in Halal food, a new label was introduced to help buyers easily identify and source Halal food and beverages. Joseph Leung, senior adviser of business development at Haichang Ocean Park Holdings Ltd, a developer of a marine theme park resort in Saudi Arabia, placed substantial orders with exhibitors from Thailand and Mainland China, securing annual contracts worth up to US$500,000 of Halal-certified rice and tea.The Food Science and Technology zone showcased the latest food products, services and technology to help the industry explore business opportunities. Elevatefoods Technology showcased their patented smart 3D food printing and multi-level cooking technology. Connie Lee, Co-founder and CEO, said: “Food tech is a fast growing trend in the industry and the Food Expo PRO served as a solid platform to launch our innovation and technology with buyers from Japan, Korea, Singapore, Thailand and Vietnam showing interest in our 3D food tech devices.” Food Expo PRO also welcomed 20 pavilions from different countries and regions. Panita Shinawatra, Acting Director General of Thailand’s Small and Medium Enterprises Promotion, said they have lined up 10 food producers from Thailand to promote Thai-style food and beverage products at Food Expo PRO. They received very strong response in particular from buyers from Mainland China and Hong Kong and orders worth more than US$300,000 were secured for snacks, seasoning and other products.Abdul Rahman, CEO of Trans-Atlantic Trading Company Limited from Kenya, exhibited at the Hong Kong International Tea Fair for the first time and established links with 15 buyers from Mainland China, Hong Kong, Egypt, Malaysia, Singapore and Vietnam. The company expects to receive new orders worth US$2 million directly from the fair.Hybrid mode connects local and international business opportunitiesThe Food Expo PRO and the Hong Kong International Tea Fair operated under the hybrid model EXHIBITION+, allowing global food and tea buyers to connect through physical and online platforms. Click2Match, a smart business matching platform, will continue to facilitate online meetings until 24 August.ICMCM fosters collaboration and advances the industry through dynamic exchangesThe ICMCM, organised by the Modernized Chinese Medicine International Association (MCMIA) in partnership with the HKTDC and ten scientific research institutions, drew to a successful conclusion. The conference fostered insightful discussions on timely industry issues, including opportunities and challenges in Chinese medicine research, and cross-regional exchanges and development of Chinese medicine products in the Greater Bay Area.Held alongside the Food Expo, Beauty & Wellness Expo, Home Delights Expo, the Food Expo PRO and the Hong Kong International Tea Fair, the conference contributed to a dynamic, multi-faceted event encompassing food, beauty, health, household goods, and Chinese medicine. This synergy fostered a vibrant platform for cross-industry exchange and collaboration.Photo download: https://bit.ly/4cMH1S9Organised by the Hong Kong Trade Development Council (HKTDC), the Food Expo, Beauty & Wellness Expo, and Home Delights Expo, and the two trade fairs — Food Expo PRO and Hong Kong International Tea Fair drew to a successful close. The five fairs attracted over 500,000 visitsThe Food Expo PRO welcomed 20 pavilions from different countries and regions, including multiple provinces in Mainland China, the neighbouring Japan and Korea, Thailand, Indonesia, Malaysia and Philippines from the ASEAN region, Poland and Mexico from outside Asia, and moreThe Hong Kong International Tea Fair featured four pavilions: Sri Lanka, Fujian, Hunan, and the first-ever pavilion by the Hong Kong and Kowloon Tea Trade Merchants AssociationOn the fair opening day (15 August), the theme “Delights Across Mainland China” introduced visitors to famous dishes from various regions of Mainland China. The China National Agricultural Pavilion, organised by the Agricultural Trade Promotion Centre, the Ministry of Agriculture and Rural Affairs of Mainland China, showcased over a thousand agricultural and food products from 12 provinces in Mainland China“Happy Friday” on 16 August featured mixology shows by star mixologists and food crafting demonstrations showcasing culinary aesthetics. A wide selection of fine wines was available at promotional prices at the Food Expo's Gourmet ZoneOn 17 August, “Japan & Korea Express” Day immersed visitors in the vibrant culinary and lifestyle trends of both countries, including experiencing the grace of traditional Japanese dance and the skill of judo demonstrations, kimchi-making demonstrations by a Korean chef, seminars on Korean health foods, and taekwondo and dance performancesSpanning over the weekend from 17-18 August, the "Wellness Weekend" offered seminars and workshops, including sessions on healthy tea brewing. The “Youth Hair Salon” organised by the Hong Kong Hair & Beauty Merchants Association, offered on-site haircuts daily during the ExpoThe fairs came alive with popular and engaging events, such as the Star Chef cooking demonstrations, Smart Bidding sessions and lucky drawsThe hybrid International Conference of the Modernization of Chinese Medicine and Health Products (ICMCM) was themed "The Industry-University-Research Collaboration and Clinical Research on Traditional Medicine", and featured 18 keynote speakers from Hong Kong, Mainland China and overseas who discussed development trends, scientific research achievements, successful experiences, regulations, and the outlook of Chinese medicine and health products in connection to the “Belt and Road” initiativeFor more information, please visit:HKTDC Food Expo PROfoodexpopro.hktdc.com/HKTDC Hong Kong International Tea Fairhkteafair.hktdc.com/HKTDC Food Expohkfoodexpo.hktdc.com/HKTDC Beauty & Wellness Expohkbeautyexpo.hktdc.com/HKTDC Home Delights Expohomedelights.hktdc.com/Media EnquiriesOgilvy Public Relations:HKTDC’s Communications and Public Affairs Department:Cynthia Sit (852) 9425 4547 cynthia.sit@ogilvy.comFrankie Leung (852) 2584 4298frankie.cy.leung@hktdc.orgLeanne Pok (852) 9379 9694leanne.pok@ogilvy.comClayton Lauw (852) 2584 4472clayton.y.lauw@hktdc.orgMedia Room: http://mediaroom.hktdc.comAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Blinken: Israel Accepts Cease-fire Proposal, Urges Hamas to Follow Suit Hot News

Blinken: Israel Accepts Cease-fire Proposal, Urges Hamas to Follow Suit

August 20, 2024
On Monday, Israel indicated its acceptance of President Biden's cease-fire plan aimed at ending the ongoing conflict in Gaza, which has lasted for 10 months. However, the effectiveness of the plan hinges on Hamas's response.Secretary of State Antony Blinken, speaking from Israel, revealed that the plan, formulated by the White House in collaboration with Qatar and Egypt, seeks to bridge the divide between the warring parties. He stated that Prime Minister Netanyahu has "accepted" the proposal."He supports it," Blinken confirmed. "It's now incumbent on Hamas to do the same.""The parties – with the assistance of mediators, namely the United States, Egypt, and Qatar – must come together and finalize the process of reaching clear understandings regarding the implementation of the commitments made under this agreement," he emphasized.While Blinken did not disclose specifics of the proposal, and Netanyahu has yet to formally agree to a cease-fire, both sides acknowledge complex issues that require difficult decisions before the conflict can be considered over."However, I believe there's a strong sense of urgency across the region to bring this to a close as quickly as possible," Blinken added. "The United States is deeply dedicated to achieving this outcome – and achieving it now."This news of Netanyahu's apparent acceptance of the plan follows a two-and-a-half-hour meeting between Blinken and the Israeli Prime Minister, culminating months of negotiations.The proposal is expected to include provisions ensuring the release of all hostages held since Hamas's attack on October 7, 2023.It remains unclear whether the proposal excludes Israeli control over strategic corridors within Gaza, such as the Philadelphi Route, which has been a point of contention in past peace agreements.However, according to an anonymous source familiar with the meeting between Netanyahu and Blinken, "the Americans did not reject Israel's strategic logic."This source asserted that Israel remains steadfast in its position that the route is a security concern as long as Hamas remains active.Blinken's visit to Israel marked his ninth trip to the region since the war began. He is scheduled to travel to Egypt and Qatar in the coming days.Concerns persist within the region regarding the potential for a wider regional conflict, fueled by threats from Iran and other Islamic extremist groups, such as Hezbollah.
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Ukrainian Forces Target Bridges in Kursk Region to Block Russian Counteroffensive Hot News

Ukrainian Forces Target Bridges in Kursk Region to Block Russian Counteroffensive

August 19, 2024
Ukrainian forces have targeted key Russian transportation routes in the Kursk region, aiming to hinder Moscow's ability to resupply troops during the ongoing conflict.Reports emerged on Monday, indicating that Ukraine had struck a third, potentially the final, functional bridge in Russia's Kursk region, entering its second week.According to the Kyiv Independent, citing an official from the Russian Investigative Committee, a bridge near the Karyzh village over the Seim River was damaged by Ukrainian forces. Digital could not verify the extent of the bridge damage.Earlier reports over the weekend mentioned damage or incapacitation of two other bridges in Zvannoye, east of Karyzh, and Glushkovo, located along the Seym River—all within the Kursk region.Ukrainian defense officials haven't commented on the bridge strikes, though reports suggest the damage has hampered Russia's ability to transport heavy machinery across the river as it attempts to repel Ukrainian forces.The impact of the bridge strikes on Russian troop redeployment to the Kursk region remains unclear as Ukrainian forces continue their advance.Ukrainian President Volodymyr Zelenskyy has been tight-lipped about the overall objective of the Kursk operation, but some speculate it aims to divide Russia's war efforts and force Moscow to withdraw troops from the Ukrainian front lines.Reporting by the revealed that approximately 5,000 Russian troops were reportedly called in from Ukraine's Donetsk region to Kursk between August 6th and 13th.Despite President Vladimir Putin's resolve to quell the Ukrainian incursion, which Zelenskyy described as a move to make Moscow "feel" the consequences of its war, Ukrainian troops appear to be making progress in the Russian region."Russian redeployments have allowed Russian forces to slow Ukraine's rapid gains in Kursk Oblast and start containing the extent of the Ukrainian incursion, but containment is only the first and likely least resource-intensive phase of the Russian response in Kursk Oblast," stated the Institute for the Study of War in a Sunday assessment."Although it is too early to assess when Russian forces will stop Ukrainian advances in Kursk Oblast completely and seize the battlefield initiative to launch such an effort," the assessment continued. "This likely future Russian counteroffensive effort will very likely require Russia to commit even more manpower, equipment, and material to Kursk Oblast."The Wall Street Journal, citing a source familiar with Kyiv's operation in Kursk, reported that approximately 6,000 Ukrainian troops are currently present in the Russian region. However, it is believed that Moscow would require around 20,000 soldiers to reclaim its territory.In a Sunday address to the nation, Zelenskyy stated, "It is now our primary task in defensive operations overall to destroy as much Russian war potential as possible and conduct maximum counteroffensive actions.""This includes creating a – our operation in the Kursk region," he added.Despite the ongoing war effort in Kursk, Ukraine remains prepared for Russian advances in its Donetsk region, particularly around Pokrovsk, where Russian forces continue to push westward.The city is expected to be a focal point of intense battles similar to those witnessed in Eastern , according to comments made by Donetsk administration official .Donetsk Governor Vadym Filashkin reportedly informed the Kyiv Independent that a mandatory evacuation for the remaining 5,000 children in the city is likely to be ordered later this week.In July, Zelenskyy warned that Russia was "throwing everything they have" into the region after failing to capture Kharkiv.Images emerged on Monday allegedly depicting multiple explosions along Russia's Trans-Siberian railway line—used to transport arms for Moscow's war effort in Ukraine, reported East2West.Though Digital could not verify the cause of the explosions, pro-Ukrainian forces have conducted similar sabotage operations on Russian targets since the war's commencement.Images from the weekend showed Ukrainian forces striking an oil depot in Russia's Rostov Oblast, bordering Donetsk—a move indicative of Ukraine's efforts to target key Russian infrastructure that fuels its cross-border war effort.Some suggest that Zelenskyy, who last week stated that "Russia must be forced into peace if Putin wants to continue waging war," may be using his incursion into Russia as a bargaining chip to end Moscow's deadly conflict.However, a Putin aide on Monday asserted that Moscow is not willing to "at this stage" following the incursion.
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China and the Philippines Trade Accusations After Ships Collide in Disputed South China Sea Hot News

China and the Philippines Trade Accusations After Ships Collide in Disputed South China Sea

August 19, 2024
Coast guard ships from China and the Philippines collided at sea, causing damage to at least two vessels, in an early morning encounter near a disputed area of the South China Sea. Each country blamed the other for the incident, which occurred near Sabina Shoal, a disputed atoll in the Spratly Islands, which is also claimed by Vietnam and Taiwan. No injuries were reported.China accused the Philippines of intentionally crashing one of its ships into a Chinese vessel. A statement on its website alleged that two Philippine coast guard ships entered waters near the shoal, ignored a Chinese coast guard warning, and intentionally collided with a Chinese boat at 3:24 a.m."The Philippine side is entirely responsible for the collision," spokesperson Gan Yu said. "We warn the Philippine side to immediately stop its infringement and provocation, otherwise it will bear all the consequences arising from that."Jonathan Malaya, assistant director-general of the Philippine government’s National Security Council, refuted the Chinese claim, accusing the Chinese coast guard of falsely stating that the Philippine coast guard ships had rammed their vessels.Video and photographs, including those taken by journalists from a U.S. TV network who were on board one of the Philippine coast guard ships, showed that the Chinese ships caused the collisions, Malaya told a news forum in Manila.The Philippines’ National Task Force on the West Philippine Sea stated that two of its coast guard ships, BRP Bagacay and BRP Cape Engaño, "encountered unlawful and aggressive maneuvers" from Chinese coast guard vessels while en route to Patag and Lawak islands, which are occupied by Filipino forces, in the contested region."These dangerous maneuvers resulted in collisions, causing structural damage to both Philippine Coast Guard vessels," the statement said.The Philippine coast guard said one of the Chinese ships rammed the BRP Cape Engaño, creating a 3.6-foot hole on the right side. An engine exhaust was also damaged, it said.About 16 minutes later, the other Philippine ship, BRP Bagacay, was rammed twice on its left and right sides by another Chinese vessel, leaving a hole 3 feet wide and 2.5 feet long and a dent that was 1 foot deep, the Philippine coast guard said."This is the biggest structural damage we have incurred as a result of the dangerous maneuvers carried out by the Chinese coast guard," Commodore Jay Tarriela of the Philippine coast guard said at the news forum.The task force said the Philippine coast guard "stands firm in its responsibility to ensure the safety and security of our maritime domain while addressing any threats to our national interests."Gan, the Chinese coast guard spokesperson, said China claims "indisputable sovereignty" over the Spratly Islands, known in Chinese as the Nansha Islands, including Sabina Shoal and its adjacent waters. The Chinese name for Sabina Shoal is Xianbin Reef.In a separate statement, he said a Philippine ship that was turned away from Sabina Shoal entered waters near the disputed Second Thomas Shoal, ignoring the Chinese coast guard’s warnings. "The Chinese coast guard took control measures against the Philippine ship in accordance with law and regulation," he added.China's Ministry of Foreign Affairs also blamed the Philippines for the incident. "Not only did they ignore China’s coast guard's warnings, the vessels deliberately collided into Chinese coast guard vessels that were carrying out law enforcement operations in a dangerous manner," ministry spokesperson Mao Ning said at a daily briefing Monday.Sabina Shoal, which lies about 85 miles west of the Philippines' western island province of Palawan, has become a new flashpoint in the territorial disputes between China and the Philippines.The Philippine coast guard deployed one of its key patrol ships, the BRP Teresa Magbanua, to Sabina in April after Filipino scientists discovered submerged piles of crushed corals in its shallows that sparked suspicions that China may be preparing to build a structure at the atoll. The Chinese coast guard later deployed a ship to Sabina in a new territorial faceoff.Sabina is near Philippine-occupied Second Thomas Shoal, which has been the scene of increasingly alarming confrontations between Chinese and Philippine coast guard ships and accompanying vessels since last year.China and the Philippines reached an agreement last month to prevent further confrontations when the Philippines transports replacement sentry forces, along with food and other supplies, to Manila’s territorial outpost in Second Thomas Shoal, which has been closely guarded by Chinese coast guard, navy and suspected militia ships.The Philippine navy transported food and personnel to Second Thomas Shoal a week after the deal was reached and no incident was reported, sparking hope that tensions in the shoal would ease. But Monday's incident raises questions about whether the deal will make a difference."We are of course disappointed again," Malaya said. "Despite this preliminary understanding, which we hoped was the first page in a new chapter between the Philippines and (Chinese) relations, we have … another incident."Chinese Foreign Ministry spokesperson Mao said, "We hope the Philippines will keep its promise, earnestly abide by the preliminary agreement it has reached with China, and not take actions that could complicate the situation so as to work with us to jointly manage and control the maritime situation."China has been at odds with many other countries in the Asia-Pacific for years over its sweeping maritime claims, including almost all of the South China Sea, a strategic and resource-rich waterway.Beijing is rapidly expanding its military and has become increasingly assertive in pursuing its territorial claims, giving rise to more frequent confrontations, primarily with the Philippines, though it is also involved in longtime territorial disputes with Vietnam, Taiwan, Malaysia and Brunei.U.S. Ambassador MaryKay Carlson said on the social media platform X that the U.S. "stands with the Philippines "in condemning the China coast guard’s dangerous maneuvers near Sabina Shoal that endangered lives and caused damage" to the two Philippine vessels. "We are committed to supporting the rights of our friends, partners, allies under international law," the statement said.A 2016 arbitration ruling by a United Nations tribunal invalidated Beijing’s claims in the South China Sea, but China did not participate in the proceedings and rejected the ruling.
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Indian Doctors Continue Protests Over Medic’s Murder, Disrupting Hospital Services Hot News

Indian Doctors Continue Protests Over Medic’s Murder, Disrupting Hospital Services

August 19, 2024
Thousands of junior doctors in India continued their nationwide protests on Monday, refusing to end their action demanding a safer work environment and swift justice for a fellow medic who was raped and murdered. The protests, which began nearly a week ago, have disrupted hospital services across the country.Doctors have been staging demonstrations and refusing to treat non-emergency patients since the Aug. 9 killing of the 31-year-old trainee doctor in Kolkata. A police volunteer has been arrested and charged with the crime.Women's rights activists have highlighted that the incident underscores the ongoing issue of sexual violence against women in India, despite stricter laws implemented after the 2012 gang-rape and murder of a 23-year-old student in New Delhi.The government has urged the doctors to return to work while a committee is being formed to propose measures for improving the safety of healthcare professionals."Our indefinite cease-work and sit-in will continue until our demands are met," said Dr. Aniket Mahata, a spokesperson for protesting junior doctors at the R.G. Kar Medical College and Hospital, where the incident took place.In solidarity with the doctors, thousands of supporters of West Bengal's two largest soccer clubs marched in Kolkata on Sunday evening, chanting "We want justice."Junior doctor groups in neighboring Odisha state, the capital New Delhi, and the western state of Gujarat have also indicated that their protests will continue.Gita Gopinath, deputy managing director of the International Monetary Fund, told India's Business Standard daily that workplace safety is crucial for increasing the country's female labor force participation rate, which stood at 37% in fiscal year 2022-23."One cannot raise that (female participation) without ensuring safety at the workplace and safety of women in getting to the workplace. That is absolutely critical," Gopinath said in the interview published on Monday.
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