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Economy, Cyber Threats and Talent Dominate List of Critical Near-Term Risks for Boards and Executives, Protiviti and North Carolina State University Survey Finds

Business leaders feel their organizations’ resilience and ability to navigate a dynamically shifting risk landscape has been battle tested

MENLO PARK, Calif., Feb. 13, 2025 /PRNewswire/ — Above all other concerns, the economy remains the number one risk keeping global business leaders up at night, according to a new survey from Protiviti and North Carolina State University’s ERM Initiative. The survey measures the most pressing business risks over the next 2-3 years, as well as a decade later. Economic uncertainty and volatility are expected to persist as leaders grapple with inflation, tariffs, geopolitical upheaval, growth in AI and other emerging technologies, and upcoming policy changes from new administrations globally.

Experience the interactive Multimedia News Release here: https://www.multivu.com/robert-half/9318151-en-protiviti-nc-state-near-and-long-term-business-risks-survey-results

The 13th annual survey, “Executive Perspectives on Top Near- and Long-Term Risks,” polled 1,215 board members and C-suite executives around the world about their views on 32 macroeconomic, strategic and operational risks facing their companies over the near-term (two to three years ahead) and the long-term (a decade later). In today’s interconnected risk landscape, business leaders face complex uncertainties but feel better prepared to operate in a volatile environment and keep pace with change.  

Top 10 Global Risks (over the next 2–3 years)

  • Economic conditions, including inflationary pressures
  • Cyber threats
  • Ability to attract, develop and retain top talent, manage shifts in labor expectations, and address succession challenges
  • Talent and labor availability
  • Increases in labor costs
  • Heightened regulatory change, uncertainty and scrutiny
  • Third-party risks
  • Rapid speed of disruptive innovations enabled by new and emerging technologies and/or other market forces
  • Adoption of AI and other emerging technologies requiring new skills in short supply
  • Emergence of new risks from implementing artificial intelligence

A notable change in the results is that board members and executives generally feel more positive about their organizations’ resilience, agility and preparedness to deal with crises or changes in the market. Resistance to change was ranked as the fourth biggest risk for companies in 2023 and has fallen to 17th place for this year’s survey, indicating that companies have established more agile business models and frameworks for identifying and responding to the unexpected with an increased level of flexibility in their strategic approaches.

“Despite the volatile economic environment with deglobalization, tariffs and the threat of trade wars, and changing regulation, leaders are feeling more confident that their organizations are battle-tested and better prepared to deal with disruption whether it’s anticipated or not,” said Matt Moore, Global Leader of Risk & Compliance at Protiviti. “Global leaders will need to tap into this confidence to adapt to evolving policies and a dynamic business landscape in the U.S. and abroad.”

Talent Risks Remain High: AI Risks Permeate Everything
Risks related to talent – whether challenges about attracting and retaining talent or increasing labor costs – occupy three of the top five short-term risks, indicating significant ongoing challenges. It is now clear that the risks AI poses are embedded in several of the other top 10 risks. This is especially true when looking at the talent-related risks. As AI technology evolves to agentic AI and physical AI, this will require widespread reskilling and upskilling, so that workforces are prepared to meet the demands of the future. 

It’s Not “If” But “When” For Cyber Attacks
Boards and C-suite leaders ranked cyber threats as the second most concerning risk over the next two to three years, outranked only by the economy. Cyber threats also represent the most-cited long-term operational risk for executives, with 31% selecting it among their two most concerning operational risk issues for the next decade.

“The widespread impacts of a cyber event permeate an entire company, which result in a number of potential risks – operational, financial, reputational and beyond. It’s imperative that CISOs have open and honest conversations with senior leadership and board members on the organization’s cyber risk profile. These discussions inform the steps taken to manage the variety of cyber threats that companies must face – including everything from risk of third parties with access to the company’s data or environment to nation state-sponsored attacks,” said Andy Retrum, Global Leader, Technology Risk & Resilience, Protiviti.

The Road Ahead: Top Risks for 2035
The study asked respondents to rank their top two risks a decade out across three risk categories:

Macroeconomic risk outlook:

  1. Economic conditions, including inflationary pressures
  2. Talent and labor availability

Strategic risk outlook:

  1. Heightened regulatory change, uncertainty and scrutiny
  2. Rapid speed of disruptive innovations enabled by new and emerging technologies and/or other market forces

Operational risk outlook:

  1. Cyber threats
  2. Ability to attract, develop and retain top talent, manage shifts in labor expectations, and address succession challenges

Many of the near-term risks continue to show up in the long-term assessment – the economy, talent and cyber remain center stage. While leaders may be confident about their ability to deal with change, it’s clear that the impacts of today’s risks are expected to persist into the next decade.

It is not just the top risks, but those a little further down the list that give insight into the risks on the rise for the next decade. Just over one-fifth (22%) of global executives ranked geopolitical shifts as one of their top two macroeconomic risks over the long term. Customer loyalty (22%) and supply chain (16%) were also on the minds of survey respondents, with a sizeable number selecting them as one of their top two operational and strategic risks respectively. 

Dr. Mark Beasley, professor of Enterprise Risk Management, director of North Carolina State University’s ERM Initiative and co-author of the report, said: “The best companies will see these risks as inherently interconnected. Too often, companies are looking at risks in silos where one hand isn’t consistently talking to the other. To address the future impacts of AI, geopolitical events and regulation, executives will need effective collaboration to strengthen their organization’s resilience.”

Resources Available

The “Executive Perspectives on Top Near-Term Risks and Long-Term Risks” report from Protiviti and North Carolina State University’s ERM Initiative provides detailed results and analysis broken out across executive positions and industry groups.

webinar will be held Tuesday, Feb. 25 at 1 p.m. ET, where panelists will share key takeaways from the survey and explore the interconnected nature of emerging risks and their strategic implications. Panelists include Carrie McNish, Managing Director, People & Change, Protiviti; Constantine Boyadjiev, Risk & Compliance Analytics Global Leader, Protiviti; and Ryan McCarthy, Senior Director, Security & Privacy, Protiviti.

About Protiviti

Protiviti (www.protiviti.com) is a global consulting firm that delivers deep expertise, objective insights, a tailored approach and unparalleled collaboration to help leaders confidently face the future. Protiviti and its independent and locally owned member firms provide clients with consulting and managed solutions in finance, technology, operations, data, digital, legal, HR, risk and internal audit through a network of more than 90 offices in over 25 countries.

Named to the Fortune 100 Best Companies to Work For® list for the 10th consecutive year, Protiviti has served more than 80 percent of Fortune 100 and nearly 80 percent of Fortune 500 companies. The firm also works with government agencies and smaller, growing companies, including those looking to go public. Protiviti is a wholly owned subsidiary of Robert Half (NYSE: RHI).

About North Carolina State University’s Enterprise Risk Management (ERM) Initiative

The Enterprise Risk Management (ERM) Initiative in the Poole College of Management at North Carolina State University provides thought leadership about ERM practices and their integration with strategy and corporate governance. Faculty in the ERM Initiative frequently work with boards of directors and senior management teams helping them link ERM to strategy and governance, host executive workshops and educational training sessions, and issue research and thought papers on practical approaches to implementing more effective risk oversight techniques (www.erm.ncsu.edu).

Malaysia Airlines Elevates Luxury Travel with Time for Premium Leisure Campaign; With an Irresistible Offer on Business Class

KUALA LUMPUR, Malaysia, Feb. 13, 2025 /PRNewswire/ — As a continuation of its globally recognised ‘Time for’ campaign, Malaysia Airlines is proud to unveil ‘Time for Premium Leisure’, a campaign that redefines Business Class travel by showcasing its unparalleled comfort, personalised service, and world-class amenities. From spacious seating and bespoke in-flight experiences to exclusive access to award-winning lounges and gourmet dining, travellers can indulge in a seamless and luxurious journey. Running until 20 February 2025, this exclusive Business Class campaign offers up to 20% off fares across its Malaysian domestic and international network.

 

Malaysia Airlines Elevates Luxury Travel with Time for Premium Leisure Campaign; With an Irresistible Offer on Business Class

In addition, members of the airline’s award-winning Enrich programme can also enjoy an additional 5% off fares, while non-members are encouraged to sign up for free to unlock this exclusive benefit. Whether it’s a dream escape to the Maldives, a romantic getaway to Paris, or a coastal retreat in Da Nang, now is the perfect time to experience premium travel at exceptional value.

Dersenish Aresandiran, Chief Commercial Officer of Airlines from Malaysia Aviation Group, said, “At Malaysia Airlines, we continuously elevate the premium travel experience, ensuring that every journey is defined by comfort, exclusivity, and our signature Malaysian Hospitality. This commitment is exemplified in the introduction of our next-generation A330neo, setting a new benchmark in business class travel. Designed for discerning travellers who seek more than just a seat, our Business Class offers spacious suites with privacy doors, direct aisle access, and our state-of-the-art elevation seat, designed for ultimate relaxation. Whether traveling for business or leisure, our goal is to ensure that every moment onboard is an indulgence in premium comfort.”

As part of this journey, Business Class passengers can enjoy an elevated end-to-end travel experience from the moment they arrive at the airport, including personalised Meet and Greet assistance, access to the Golden Lounge and partner lounges worldwide, and private terminal transfers at KLIA Terminal 1, powered by Mercedes-Benz. Onboard, enjoy gourmet dining selections, including the option to pre-order Chef-on-Call signature dishes, along with premium amenities for ultimate relaxation. Complimentary unlimited Wi-Fi via MHconnect is also available to ensure seamless connectivity throughout the journey.

To make the journey even more rewarding, passengers transiting through KLIA Terminal 1 can enjoy a Bonus Side Trip, unlocking the chance to explore one of seven exciting Malaysian destinations at no extra cost. From the stunning beaches of Langkawi to the cultural heritage of Penang, the lush rainforests of Kuantan, or the vibrant cityscape of Johor Bahru, this offer allows travellers to immerse themselves in Malaysia’s breathtaking landscapes and world-renowned cuisine—all within one trip.

For more details and to explore Malaysia Airlines’ Time for Premium Leisure experience, visit the official Malaysia Airlines website at www.malaysiaairlines.com or mobile app to get the latest information and promotions conveniently at your fingertips anytime and anywhere.

https://www.malaysiaairlines.com/hk/en/promotions/elevate-your-journey.html?cid=oth|HK0225GBC|pr_newswire|tactical|art|pros|hk||en|campaign|mab|awa

About Malaysia Airlines

Malaysia Airlines is the national carrier of Malaysia, offering the best way to fly to, from and around Malaysia through its premium and full-service offerings. Malaysia Airlines carries up to 40,000 guests daily on memorable journeys inspired by Malaysia’s diverse richness. As the nation’s flag bearer, it embodies the incredible diversity of Malaysia; capturing its rich traditions, cultures and cuisines via its inimitable Malaysian Hospitality across all customer touch points.

Since September 2015, the airline has been owned and operated by Malaysia Airlines Berhad. It is part of the Malaysia Aviation Group (MAG), a global aviation organisation that comprises of different aviation business and lifestyle travel solution portfolios aimed at serving global air travel needs. The airline is committed to facilitating safe and seamless travels by placing safety and hygiene as the anchor across all end-to-end consumer touchpoints in line with its MHFlySafe initiative. Via its alliance with oneworld®, Malaysia Airlines offers superior connectivity to more than 900 destinations in 170 territories across the globe. For more information, please visit www.malaysiaairlines.com and download the Malaysia Airlines app to get the latest promotions conveniently at your fingertips.

Issued by Group Communications, Malaysia Aviation Group. 

 

Mega Matrix Inc. Announced that the Urban Romance Micro Drama “A flash Marriage With The Billionaire Tycoon” Premiered on FlexTV

SINGAPORE, Feb. 13, 2025 /PRNewswire/ — Mega Matrix Inc. (NYSE American: MPU)’s globally leading short series streaming platform, FlexTV, has launched a romantic miniseries exploring love, responsibility, and redemption—A flash Marriage With The Billionaire Tycoon—on January 17. When two individuals from vastly different social standings, each carrying their own secrets, are bound together, how will they protect their happiness and love in the face of societal scrutiny?

Elise, an accountant at the Hawthorn Group, is known for her cautious professionalism. However, an unexpected incident during a business trip disrupts her quiet life. After a night of drinking, Elise accidentally becomes entangled with her boss, Lucian, leaving her terrified about losing her job. Before she can fully recover from the shock, an even bigger crisis strikes—her mother informs her that their family home has been seized to cover her father’s massive debts, and they must move out immediately. Facing overwhelming financial pressure, Elise feels cornered. In a desperate moment, Lucian proposes a contract marriage, offering to resolve her family’s financial problems in return. Though stunned by the suggestion, Elise agrees after careful consideration, prioritizing her family’s well-being.

Unbeknownst to Elise, Lucian has secretly admired her since falling in love at first sight a decade ago. This situation gives him the perfect opportunity to get close to her. However, within the company, rumors swirl that Lucian has feelings for another colleague. Determined to keep their contractual marriage hidden, Elise struggles to maintain secrecy. Yet, their intimate arrangement becomes increasingly difficult to conceal, leading to intentional challenges at work…

FlexTV currently provides short-drama content to over 100 countries, offering multiple language options, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. Renowned for its high-quality productions and exceptional user experience, FlexTV continues to captivate audiences worldwide. A flash Marriage With The Billionaire Tycoon premiered on January 17 on FlexTV, with its characters’ journeys inspiring viewers to hold onto hope in adversity and pursue their own happiness with courage. For more exciting content, please visit https://www.flextv.cc/.

#Workplace #SecretCrush #Redemption #Marriage #ShortDrama #FlexTV #MPU

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd.. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9 Yards Communications under the memorandum of understanding; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the “Risk Factors” in documents filed by the Company’s predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company’s latest annual report on Form 10-K, as amended, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

Ferrero Group reports Consolidated Financial Statements for the 2023/2024 Financial Year

  • The Ferrero Group continues its growth trajectory with an 8.9% increase in turnover to EUR18.4 billion.
  • Continued innovation across new products and categories including the launch of Nutella Ice Cream in the same year the brand turns 60 years old.
  • Total capital investment for the financial year saw an increase of 18% to EUR958 million including in the United States, Italy, Germany and Chile.

LUXEMBOURG, Feb. 13, 2025 /PRNewswire/ — The Ferrero Group, through its holding company Ferrero International S.A., approved the Consolidated Financial Statements for the 2023/2024 financial year, which ended on August 31, 20241. The Group closed the financial year with a consolidated turnover of EUR18.4 billion, an increase of 8.9% compared to the previous year, thus continuing the growth strategy driven by Executive Chairman Giovanni Ferrero and executed by Chief Executive Officer Lapo Civiletti.

The 2023/2024 financial year was again marked by a challenging economic environment, with volatile commodity prices and continued inflationary pressures. Despite this, the Ferrero Group continued its strong growth thanks to the resilience of its people, brands and business model. Ferrero maintains its global presence, with 37 manufacturing plants, and ended the financial year with a global workforce reaching 47,517 as of August 31, 2024.

Daniel Martinez Carretero, Chief Financial Officer at Ferrero Group, said: “We are pleased to report another strong year of growth for the Group, despite the continued headwinds the industry is facing. Although the economic environment remains complex, our brands and products continue to perform well. This is testament to the way we continue to innovate our products to meet the changing needs of consumers. To spur this innovation on and to increase our manufacturing capabilities, this financial year saw us increase total capital investment by 18% on the previous period.”

The Group’s continued product innovation has enabled further expansion across categories, including ice cream and biscuits. Highlights in the 2023/2024 financial year include:

–  the launch of Nutella Ice Cream, the first packaged ice cream by the brand, driving the continued growth of the ice-cream category;
–  further expansion into the biscuit category with the launch of Kinderini in key markets;
–  the successful rollout of Eat Natural and FULFIL brands into further European markets, illustrating how the Group is meeting changing consumer trends and the growth of the better-for-you category.

To support the portfolio and geographic expansion, the Group is working hard to increase its manufacturing capacity. Highlights include:

–  the opening of the Group’s first chocolate processing plant in the United States. The new 70,000 square feet facility in Bloomington, Illinois produces chocolate for Ferrero leading brands in North America, including Kinder, Ferrero Rocher, Butterfinger, and CRUNCH, and now house a new Kinder Bueno production facility;
–  modernization of our Stadtallendorf facility;
–  building out our hazelnut sourcing and processing capacity in Chile.

The Group’s long-term growth strategy continues to be guided by our commitment to sustainability and having a positive impact throughout the value chain.

1 From 1 September 2023 to 31 August 2024.

About Ferrero Group

Ferrero began its journey as a pastry shop in the small town of Alba in Piedmont, Italy, in 1946. Today, it is one of the world’s largest sweet-packaged food companies, with much loved brands sold in more than 170 countries. The Ferrero Group brings joy to people around the world with much-loved products including Nutella®, Kinder®, Tic Tac®, and Ferrero Rocher®.

About 47,000 employees are passionate about helping people celebrate life’s special moments. The Ferrero Group’s family culture, now in its third generation, is based on dedication to quality and excellence, heritage and a commitment to the planet and communities in which we operate.

To receive the latest news and stories, subscribe to our newsletter here.

For more information, please visit www.ferrero.com

 

SAP Debuts Business Data Cloud with Databricks to Turbocharge Business AI

Landmark Collaboration Redefines Enterprise Data Management and Unleashes the Full Potential of Agentic AI

NEW YORK, Feb. 13, 2025 /PRNewswire/ — SAP SE (NYSE: SAP) today announced SAP Business Data Cloud, a groundbreaking solution that unifies all SAP and third-party data throughout an organization, providing the trusted data foundation organizations need to make more impactful decisions and foster reliable AI. The solution harmonizes data from organizations’ most mission-critical applications with data engineering and business analytics capabilities, paving the way for next-level innovation and insights.

This landmark partnership between SAP and Databricks marks a new era in enterprise data management as two leaders in their domains come together to redefine how applications and data platforms work together. The new solution natively embeds Databricks technology for data engineering, machine learning and AI workloads.

“SAP Business Data Cloud unleashes the full value of enterprise data for Business AI,” said SAP CEO Christian Klein. “It combines SAP’s unique expertise in mission-critical, end-to-end processes and semantically rich data with Databricks’ world-class data engineering capabilities to create a ground-breaking solution that helps organizations do more with their data than ever before.”

“Every company on the planet wants to get more value out of their data and greater returns on their AI investments,” said Ali Ghodsi, Co-founder and CEO of Databricks. “By joining forces with SAP, we’re helping organizations bring together all their data — regardless of format or where it lives — to govern, analyze and build domain-specific AI applications on the Databricks Data Intelligence Platform.”

Introducing the data product economy

SAP Business Data Cloud also helps SAP foster the growth of a data product economy. It delivers fully-managed SAP data products across all business processes – from finance, spend and supply chain data in SAP S/4HANA and SAP Ariba, to learning and talent data in SAP SuccessFactors. These data products maintain their original business context and semantics, providing immediate access to high-quality data without costly extraction processes. For example, if a CFO wants to assess the impact of rising inflation on profitability, SAP Business Data Cloud integrates real-time external data such as the consumer price index with financial data products such as general ledger accounts or cost centers to create a comprehensive financial snapshot.

SAP Business Data Cloud will also offer new capabilities called insight apps that use data products and AI models connected to real-time data to deliver advanced analytics and planning across all lines of business, including core enterprise analytics, finance and human resources.

“SAP Business Data Cloud will help us unlock the value of our data and drive innovation across our business,” said Markus Hartmann, Corporate Vice President and Head of Business Technology and regions Europe, APAC and IMEA, at Henkel, a multinational chemical and consumer goods company. “Its semantically rich data products and deep Databricks integration will enhance our existing data products and empower us to model scenarios and leverage AI insights, building a sustainable future for our data ecosystems.”

Delivering on the full promise of AI agents

SAP Business Data Cloud will improve how Joule, SAP’s generative AI copilot, accelerates cross-functional workflows and improves business decision-making with AI agents. Powered by the highest-quality enterprise dataset in the industry – and the SAP Knowledge Graph solution, which provides a business-friendly model of data – Joule agents deeply understand end-to-end processes and can collaborate across functions to solve complex business challenges, something no other agent builder technology can do out of the box.

Underscoring today’s announcement and its significance for AI innovation, SAP also unveiled a series of ready-to-use Joule agents across finance, service, sales and more to come across the SAP Business Suite. In finance, for example, agents will work together across a variety of tasks to process claims faster and improve cashflow. Joule sales agents, meanwhile, will accelerate multi-step business processes to resolve disputes and process customer inquiries faster.

SAP today also announced a powerful new agent builder capability, so customers can build and deploy their own AI agents alongside SAP’s library of ready-to-deploy Joule agents. SAP’s decades of business process expertise are built into the guided workflow so users can ground their custom agents in the most relevant data and business context.

Visit the SAP News Center. Follow SAP at @SAPNews.

About SAP
As a global leader in enterprise applications and business AI, SAP (NYSE: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. For more information, visit www.sap.com.

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP’s 2023 Annual Report on Form 20-F.

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Databricks Announces Launch of SAP Databricks

Databricks announces new product natively integrated into the SAP Business Data Cloud

SAN FRANCISCO, Feb. 13, 2025 /PRNewswire/ — Databricks, the Data and AI company, today announced the launch of SAP Databricks, a strategic product and go-to-market partnership with SAP that natively integrates the Databricks Data Intelligence Platform within the newly launched SAP Business Data Cloud. The partnership combines the most important business data that is in SAP with the Databricks platform for data warehousing, data engineering, and AI all governed by Databricks Unity Catalog. Databricks recently announced $15B in fundraising and intends to earmark a quarter of a billion dollars ($250M) to help make customers and system integrator partners successful with SAP Databricks across deployment and migrations, ultimately unlocking the tremendous business value of SAP data.

SAP applications power enterprises’ most important decisions around business planning, procurement, HR and travel management. Every enterprise wants to maximize the value of their SAP data by combining it with data from their other business-critical systems. Yet, those systems are varied, and many still sit on-premises in legacy platforms, making it difficult to develop advanced analytics and AI applications. SAP Databricks will have all the relevant datasets enriched and ready to be used for everything from data warehousing to building AI that can reason on that data.

“Every organization is searching for a faster, more reliable way to translate their data into strategic advantage,” said Ali Ghodsi, Co-founder and CEO of Databricks. “Together with SAP, we’re helping businesses seamlessly unify their data sources, streamline analytics, and accelerate the development of domain-specific AI applications.”

“Our partnership with Databricks represents a turning point in how enterprise data is harnessed,” said Muhammad Alam, Executive Board Member at SAP. “Together, we’re fusing SAP’s proven expertise in mission-critical applications with Databricks’ cutting-edge data engineering and AI capabilities to help our customers unlock the next era of digital innovation.”

Databricks + SAP: Domain-specific AI

The power of SAP Databricks is that it allows customers to combine their SAP data with the rest of their enterprise data easily. Through bi-directional sharing of data via Delta Sharing between their SAP Databricks environment and their native Databricks (non-SAP) environment, they can unify all their data without complicated data engineering. This dramatically increases the productivity of teams trying to innovate with their most valuable data. The entire data estate is then consistently governed and secured with Unity Catalog so enterprises can build on a trusted foundation, allowing enterprises to conduct exploratory data science and SQL analytics at scale with a full understanding of the business semantics. Additionally, Mosaic AI capabilities will allow companies to easily develop domain-specific AI trained on their private SAP data to unlock agent systems for the most important functions in their businesses.

Partner Quotes
“Generative AI is a catalyst for reinvention across the enterprise, but to build and scale AI applications effectively, organizations need to have a complete understanding of their data,” said Karthik Narain, Group Chief Executive – Technology and CTO, Accenture. “We’re working closely with SAP and Databricks to help our clients maximize the convenience of integrated and open data, draw better insights faster, create new personalizations and launch AI-based innovations.”

“A strong data foundation remains the cornerstone of all successful AI integrations. SAP Databricks will enable clients to seamlessly merge ERP data with operational insights to maximize the value of AI for organizations and drive critical business benefits,” said Niraj Parihar, CEO of Insights and Data Global Business Line at Capgemini and member of the Group Executive Committee. “The recent acquisition of Syniti reinforces Capgemini’s data-driven digital core business transformation services, notably large-scale SAP transformations. Combined with our long-standing partnership with SAP, Capgemini is expertly placed to drive intelligent decision-making for our clients.”

“Breaking down silos between structured and unstructured data is a crucial step in unlocking true value from data-driven AI investments – especially amid constant industry disruption,” said Jessica Kosmowski, Global Ecosystems and Alliances Leader and Principal at Deloitte Consulting LLP. “The new SAP Databricks offering can address that need for our shared clients, combining the power of the SAP business suite and Databricks with rich SAP data to drive business transformation and data modernization.”

“EY is focused on helping clients connect data from across the enterprise to realize transformative business opportunities,” said EY-Databricks Alliance Leader Hugh Burgin. “We are excited to leverage the combined strengths of SAP and Databricks to transform data into trusted business insights.”

Availability
The new offering, SAP Databricks, is sold by SAP as part of SAP Business Data Cloud, and will be available in a staged rollout on AWS, Azure and Google Cloud. Learn more about SAP Business Data Cloud and SAP Databricks during the SAP Business Unleashed virtual event.

About Databricks
Databricks is the Data and AI company. More than 10,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake and MLflow. To learn more, follow Databricks on X, LinkedIn and Facebook.

Contact: Press@databricks.com

The 137th Canton Fair Hosts Promotion Events in Southeast Asia, Bridging Trade and International Exchanges

GUANGZHOU, China, Feb. 13, 2025 /PRNewswire/ — As China’s No.1 platform for international trade, the 137th Canton Fair has successfully hosted a Southeast Asia roadshow with trade promotion events in Vietnam, Laos and Cambodia in January.

“The 137th Canton Fair will further optimize trade theme structures, exhibits, supporting activities and services to provide premium exhibition experiences and promote international exchanges,” said Su Bin, Deputy Secretary-General of the Canton Fair and Deputy Director General of China Foreign Trade Centre. “As an important milestone in building the online platform of the fair, Canton Fair APP now brings integrated online and offline experience for exhibitors and buyers, and provides a 365-day, uninterrupted supply and sourcing matching platform, a strong boost to facilitate the exchange and cooperation between Chinese and foreign enterprises.”

On January 15, the 137th Canton Fair Cambodia Promotion Conference was successfully held in Phnom Penh, which was attended by about 150 guests from local trade promotion departments, industry and commerce organizations, business representatives and more. Mainstream local media including CNC, TVK, BTV covered the event.

The Canton Fair working group held in-depth discussions with the Ministry of Commerce of Cambodia, the Cambodia Chamber of Commerce (CCC) and China Chamber of Commerce in Cambodia and renewed cooperation agreement with CCC, as well as visited local retail enterprises Lucky supermarket and Chipmong Group.

In Laos, the Canton Fair’s promotion event in Vientiane was attended by local trade promotion departments, commerce organizations and business representatives, the working group visited leading local retailer Sky Supermarket group.

On January 21, the event in Ho Chi Minh City, Vietnam was attended by 180 local representatives. Boasting great business potentials, the Vietnamese market offers significant opportunities, and the Canton Fair working group exchanged with Vietnam Trade Promotion Agency (VIETRADE) of the Ministry of Industry and Trade of Vietnam, the Vietnam Chamber of Commerce and Industry, and the Investment & Trade Promotion Centre of Ho Chi Minh City on establishing cooperative relations and supporting more Vietnamese enterprises to participate in the tradeshow, as well as conducted survey at the Hanoi International Convention and Exhibition Center and local retail giant Coopmart.

The 137th Canton Fair will be held from April 15 to May 5, 2025 in Guangzhou. To download the Canton Fair APP, please visit https://cief.cantonfair.org.cn/en/app/appintro.html.

Capital.com expands collaboration with LSEG to deliver news, data and analytics essential to informing clients’ trading decisions

Integration of LSEG’s Data & Analytics AI-powered sentiment analysis and news feeds will help traders react quickly and with authority 

LONDON, Feb. 13, 2025 /PRNewswire/ — Capital.com, the high-growth global trading platform and fintech group whose trading volumes surpassed USD$1.7trn in 2024, today announced an expansion of its collaboration with LSEG.

Capital.com, which serves more than 750,000 traders globally and handles $147 billion of trading volume every month, will integrate LSEG’s real-time news, data and market psychology sentiment feeds to help clients make timely and informed trading decisions. The agreement follows previous success in leveraging LSEG’s solutions to offer clients the tools and support they need to make quick and confident trading decisions.

Under the deal, a broad spectrum of analysis and news products – including global news wire Reuters – will be made available to Capital.com clients who trade derivatives on more than 3,000 markets across multiple asset classes including shares, commodities, indices, FX, and cryptocurrencies* (not available to clients in the UK*).  LSEG Data & Analytics is one of the world’s largest providers of data and market-moving financial news, serving over 40,000 institutions in over 150 countries.

Commenting on the collaboration, Christoforos Soutzis, Chief Executive Officer, Capital.com Europe, said:

‘Our strategic collaboration with LSEG marks an ongoing commitment to partner with the very best organisations to support our clients. We understand how much our clients value the speed and efficiency of our platform, and this partnership allows us to enhance these qualities even further. By integrating LSEG’s powerful data & analytics features directly into our trading platform, clients can access a comprehensive range of market-moving news and analysis quickly and effortlessly, empowering them to make informed decisions faster than ever before.”

Stuart Brown, Group Head of Data & Feeds, LSEG, said:

“We are excited to expand our partnership with Capital.com, a leading digital-first broker. By integrating our comprehensive and trusted data sets with their client-centric digital channels through our market-leading, cloud-enabled technology services, we empower users to effectively monitor the markets, generate ideas tailored to their risk tolerance and personal values, and achieve improved portfolio outcomes. Together, we are dedicated to driving innovation and delivering exceptional value to the investment community.”

Under the expanded collaboration with LSEG, clients will be able to access:

  • Comprehensive stock reports, equity market news feeds and alerts: Capital.com traders will receive up-to-the-minute information affecting global equity markets that can impact market movements. They can also access company ownership and fundamental data for a deeper understanding of the companies they might want to trade or invest in.
  • Breaking news & top news feeds: Traders will receive global breaking news coverage, including coverage from Breakingviews, Reuters allowing them to react quickly to unfolding new events.
  • ESG metrics: Traders can directly access real-time ESG scores and financial data to help them make sustainable investment and trading decisions.
  • Market psychology sentiment: Traders will have access to exclusive insights, as well as AI-enabled sentiment analysis across different geographies and key markets such as commodities and cryptocurrencies (cryptocurrencies are not available to clients in the UK).
  • Events calendars: Traders can easily plan ahead with LSEG’s comprehensive list of key global economic and corporate events.

To support traders with their decisions, Capital.com provides an extensive repository of information, insights and analysis. The company has strategic partnership agreements with a host of leading providers including TradingView and Newsquawk, enabling clients to access institutional-grade breaking news, and advanced charting tools for a better trading experience. The Capital.com platform also hosts a demo site, regular news feeds, and provides clients with a sprawling collection of financial content available on its website, and through its free learning app, Investmate.

Features of the LSEG product integration will be progressively rolled out over the coming months. For more information about capital.com, please visit www.capital.com

Notes to editors

About LSEG

LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system. With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes. LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 23,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.

About Capital.com

Capital.com is a high-growth fintech company empowering people to participate in financial markets through simple and innovative online trading platforms. Launched in 2016, its intuitive award-winning platform —available on web and app —enables investors to trade thousands of world-renowned markets. To help investors trade with confidence, the platform is fitted with robust risk management controls, transparent pricing and extensive educational content to support clients in their trading journeys.

Capital.com is one of the fastest-growing trading platforms in the sector with client trading volumes exceeding $1trillion. In 2024, the company was recognised as the fastest growing tech-enabled platform in the Middle East and Cyprus for the third-straight year by Deloitte Technology’s Fast 50 programme.

Capital.com has a global network with offices located in leading business and financial centres including London, Dubai, Warsaw, Nassau, Sofia, Limassol, and Melbourne. Capital Com (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 793714. Capital Com SV Investments Limited is Authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), under licence number 319/17. Capital Com Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised to carry out Securities Business by the Securities Commission of The Bahamas with licence number SIA-F245. Capital Com Mena Securities Trading LLC is authorised and regulated by the Securities and Commodities Authority (SCA), under license number 20200000176.

To find out more, please visit:  www.capital.com

This press release is for media use only. It’s not intended for individual investors and doesn’t include personal advice or recommendations.

DISCLAIMER

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Depending on the company, between 63% – 83.51% of retail investor accounts lose money when trading CFDs with Capital.com Group. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd. Spread bets are available only to UK clients.

The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

Capital Com (UK) Limited (“CCUK”) is registered in England and Wales with company registration number 10506220. CCUK is authorised and regulated by the Financial Conduct Authority (“FCA”), under registration number 793714. Capital Com SV Investments Limited (“CCSV”) is registered in Cyprus with company registration number 354252. CCSV is regulated by Cyprus Securities and Exchange Commission (CySEC) under licence number 319/17. Capital Com Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital Com Online Investments Ltd is a limited liability company (company number 209236B) registered in the Commonwealth of The Bahamas and authorised to carry on Securities Business by the Securities by the Securities Commission of The Bahamas (“SCB”) with licence number SIA-F245. Capital Com Mena Securities Trading LLC is authorised and regulated by the Securities and Commodities Authority (SCA), under licence number 20200000176.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.