WisdomTree files XRP ETF proposal in Delaware trust move WisdomTree, a leading asset manager overseeing $113 billion in investments, has filed to establish a Delaware-based trust for a proposed XRP exchange-traded fund (ETF). The move is considered a pivotal step toward offering investment products centered on XRP, one of the largest cryptocurrencies by market capitalization. The trust filing, listed with the Delaware Division of Corporations, lays the groundwork for a full application to the U.S. Securities and Exchange Commission (SEC). The initiative follows heightened interest among asset managers to diversify crypto-related ETFs beyond Bitcoin and Ethereum. WisdomTree’s proposed ETF aims to track XRP’s market performance, further integrating cryptocurrency into mainstream investment portfolios. This filing aligns with broader industry trends as firms such as Bitwise and Canary Capital have initiated similar proposals for XRP ETFs. Bitwise’s recent registration for a Solana ETF signals increasing diversification across the crypto ETF landscape, reflecting growing investor demand for altcoin-linked financial products. The legal and regulatory environment surrounding XRP remains a critical factor. Ripple Labs, the creator of XRP, concluded a prolonged legal dispute with the SEC earlier this year, with a U.S. judge Full Story https://buff.ly/3Osjagw
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Comprehensive Guide to Business & Gulf Industry News including, Banking & Finance, Energy, Media & Marketing, Real Estate, Technology, Political News.
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Delta Dunia Group, Through BUMA International, Agrees to Acquire a Controlling Interest in the Dawson Coal Mining Complex Delta Dunia Group, via its indirect subsidiary BUMA International [1], will expand its presence in the Bowen Basin in Queensland, through a US$455 [2] million proposed acquisition of a 51% interest in the Dawson Complex, one of Australia’s largest metallurgical coal mines. The proposed acquisition further delivers on the Group’s multi-year strategic plan to diversify into a leading coal services provider and producer, leveraging its industry-leading capabilities. The Dawson Complex has a production capacity of >8 million tonnes per annum (Mtpa) with established infrastructure and well-known products which receive strong demand from key steelmaking markets in Asia. The mine has Reserves to support a mine life of over 20 years, and a Resource life to support a mine life of over 50 years. The proposed acquisition advances the Group’s strategy to diversify its portfolio and reduce its overall dependence on thermal coal. The completion of the acquisition is contingent upon Peabody’s acquisition of the Dawson Complex, pre-emptive rights processes and customary regulatory conditions precedent, with targeted completion in 2025. JAKARTA, INDONESIA – Media OutReach Newswire (https://buff.ly/3XJej0c) – 25 November 2024 Full Story https://buff.ly/3V96Rtv
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Social Enterprise Summit 2024 Collaborate and Innovate to Respond to Complex Social Issues and Shaping Hong Kong’s Social Entrepreneurship Ecosystem “Connecting Global Experience, Strengthening Local Partnerships”HONG KONG SAR – Media OutReach Newswire (https://buff.ly/3XJej0c) – 25 November 2024 – The Social Enterprise Summit (SES 2024) officially opened at the Hong Kong Convention and Exhibition Centre. With the theme of “Connecting Global Experience, Strengthening Local Partnerships”, it emphasised the importance of synergy through collective intelligence, leveraging global insights and expertise to cultivate local partnerships, and foster innovative and transformative solutions to build a thriving and sustainable society that ensures the wellbeing of future generations. The three-day International Symposium invited over 60 experts, scholars, and business representatives from around the world to delve into how collaborative innovation can address complex social issues and explore how social enterprises can create an ecosystem conducive to the development of social innovation in Hong Kong through the concerted efforts of stakeholders from civil, business, government, and academic sectors. (From left to right) Mr. Francis Ngai and Ms. Ada Wong, JP, Deputy Chairs of the Organizing Committee of the Hong Kong Social Enterprise Summit; Mr. Alan Cheung, MH, Member of the Organizing Committee; Ms. Rebecca Choy Yung and Full Story https://buff.ly/3B8JR6V
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PT. Eka Mas Republik (MyRepublic) Celebrates Double Recognition at ACES Awards BANGKOK, THAILAND – Media OutReach Newswire (https://buff.ly/3XJej0c) – 22 November 2024 – PT. Eka Mas Republik, operating as MyRepublic, has received two prestigious honours at the 2024 Asia Corporate Excellence & Sustainability (ACES) Awards: Asia’s Best Performing Companies and Asia’s Most Inspiring Executives. These accolades recognise MyRepublic’s leadership in Indonesia’s digital landscape and the exceptional vision of CEO Timotius Max Sulaiman. PT. Eka Mas Republik celebrates a double victory at the ACES Awards 2024, honoured as Asia’s Best Performing Companies, with CEO Timotius Max Sulaiman named Asia’s Most Inspiring Executives. Representing the company on stage to receive the awards are Yopie Widjaja (Chief Finance Officer), Melanie Dwita Maharani (Chief Procurement & Human Capital Officer), and Iman Syahrizal (Chief Sales & Marketing Officer). The awards were presented by Dr. Shanggari Balakrishnan, President of the ACES Awards (left), and Mr. Luis Bueno Nieto, Advisor to the ACES Council (right). Since its founding in 2015, MyRepublic has rapidly established itself as a leading Internet service provider in Indonesia, delivering high-speed fibre internet and pay TV services. Known for offering internet plans without Fair Full Story https://buff.ly/4hWrhQd
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MIPS Releases P8700, Industry’s First High-Performance AI-Enabled RISC-V Automotive CPU for ADAS and Autonomous Vehicles SAN JOSE, CALIFORNIA – Media OutReach Newswire (https://buff.ly/3XJej0c) – 22 November 2024 – MIPS (https://mips.com/), a leading developer of efficient and configurable IP compute cores, announced today the general availability (GA) launch of the MIPS P8700 Series RISC-V Processor. Designed to meet the low-latency, highly intensive data movement demands of the most advanced automotive applications such as ADAS and Autonomous Vehicles (AVs), the P8700 delivers industry-leading accelerated compute, power efficiency and scalability. Typical solutions for ADAS and autonomous driving rely on a brute-force approach of embedding a higher number of cores at higher clock rates driving synthetic, albeit unrealistic and unrealized performance. The P8700 with its multi-threaded and power-efficient architecture allows MIPS customers to implement fewer CPU cores and much lower thermal design power (TDP) than the current market solutions, thereby allowing OEMs to develop ADAS solutions in an affordable and highly scalable manner. It also mitigates the system bottlenecks of data movement inefficiency by providing highly efficient, optimized and lower power latency sensitive solution specifically tailored for interrupt laden multi-sensor platforms. For L2+ ADAS systems with AI Autonomous software Full Story https://buff.ly/4eFXsAl
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Assure Medical Imaging Commemorates Grand Opening Ceremony Providing High-end Imaging Services: Establishing a New Benchmark for Personalized Medical Imaging ServicesHONG KONG SAR – Media OutReach Newswire (https://buff.ly/3XJej0c) – 23 November 2024 – Assure Medical Limited (“Assure Medical” or the “Company”) is delighted to announce the Grand Opening of Assure Medical Imaging. The imaging centre located on the entire 2nd floor of 21 Ashley Road in Tsim Sha Tsui. The opening ceremony was graced by esteemed guests, including Mr. Pang Tak-chung, Chairman of Golik Holdings Limited, Dr. Ko Wing-man, member of the Executive Council, and Dr. David Lam Tzit-yuen, Legislative Council member representing the medical and health services, who participated in the ribbon-cutting ceremony. Leveraging on the cutting-edge medical imaging technology, Assure Medical Imaging provides accurate diagnoses and assists treatment plans for a variety of medical conditions, establishing new benchmarks for medical imaging services and striving to be one of the leaders in the industry. Conveniently located at the heart of Tsim Sha Tsui, Assure Medical Imaging is in close proximity to various medical clinics and healthcare centres. With a team of highly experienced and qualified medical professionals, Full Story https://buff.ly/4911pyx
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Count Down to 2025 and Snag Year-End Steals with iShopChangi’s Holiday Specials in Singapore iShopChangi is throwing a year-end bash like no other! From now till December, get ready to snag spectacular deals of up to 60% off. Find everything from tech treasures to exclusive holiday beauty gift sets for early birds, perfect for gifting or treating yourself. Plus, stand a chance to score an exclusive Puffy Bag (Charcoal) with a Sanrio charm in an exclusive colour when you shop online on iShopChangi—your ultimate holiday shopping destination!SINGAPORE – Media OutReach Newswire (https://buff.ly/3XJej0c) – 22 November 2024 – From now to 31 December 2024, travellers and non-travellers can revel in the iShopChangi Holiday Year-End Sale (https://buff.ly/3Z4iUZZ)! Prepare to explore a treasure trove of deals on everything from high-end beauty products to cutting-edge tech, featuring premium brands such as Clarins and Apple. This holiday season, elevate your shopping experience with an exclusive Purchase-With-Purchase offer: Hello Kitty and Friends premiums while stocks last! And don’t miss the limited-edition Sleigh Full of Beauty gift sets—perfect for sharing the holiday joy. Need that perfect gift wrapped and ready? Opt for gift-wrapping services and add a personal touch with On-Demand Full Story https://buff.ly/4i3jKir
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Vincom Retail: A Catalyst Driving Vietnam’s Retail Future HANOI, VIETNAM – Media OutReach Newswire (https://buff.ly/3XJej0c) – 22 November 2024 – By capitalizing on its first-mover advantage, Vincom Retail has had a profound impact on Vietnamese leisure culture. Over the past two decades, the company has demonstrated significant growth through a tripartite strategy: expanding its footprint, diversifying its retail real estate formats to cater to a wide range of consumer needs, and continuously pioneering to stay ahead. This approach positions Vincom Retail as a key player in Vietnam’s retail real estate industry and sets the stage for long-term development. Vincom Ba Trieu Vietnam’s economy is poised for strong growth in the coming years, with The World Bank projecting a 6.1% growth in 2024 and 6.5% in both 2025 and 2026, driven by a combination of robust expansion in export, domestic manufacturing, and the recovery in tourism. With strong core economic fundamentals, Vietnam is attracting significant foreign direct investment and a growing expat community, fueling the rise of a burgeoning middle class with increasing purchasing power. This favorable economic climate has created ample opportunities for shopping mall operators like Vincom Full Story https://buff.ly/4eJnG4Y
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Wine Connection’s Annual Wine Tasting Fair 2024: Discover Your Next Favourite SINGAPORE – Media OutReach Newswire (https://buff.ly/3XJej0c) – 22 November 2024 – Wine enthusiasts in Singapore can embark on a global wine adventure at Wine Connection’s Wine Tasting Fair 2024. Held on November 23rd and 24th at the Wine Connection Bistro @ Robertson Walk, the two-day event offers a chance to explore over 170 wines from across the globe, including exclusive sneak peeks at the upcoming 2025 New Collection. Wine Connection’s Wine Tasting Fair 2024 Meet the Winemakers The Wine Tasting Fair will feature over 30 winemakers and winery representatives from around the globe, allowing visitors to engage directly with the creators of their favourite bottles. The lineup includes: Ben Cane of Duke’s Vineyard Ben Cane is the current custodian of Duke’s Vineyard, an award-winning, family-owned vineyard in the Great Southern region. The label is recognised for its dry Riesling, Cabernet Sauvignon, and Shiraz. Nigel Ludlow of EVOI Wines Nigel Ludlow, a seasoned winemaker, spent five years travelling the world, gaining experience in Hungary, South Africa, and Spain. In 2003, he settled in Margaret River, Western Australia, and founded EVOI Wines Full Story https://buff.ly/4hSTpn8